In a recent video, I show how someone turned £1 into £1,000. As part of one of my challenges, I sold a mystery box for £1. Most people were unwilling to risk a pound to see what was in the box. But one man agreed to give it a go and got the contents. As it turned out, the contents were £1,000 in cash! I wanted to show that it is important to take calculated risks if you want to get ahead in life.
The same person that bought the mystery box recently attended my Property Millionaire Intensive training event. The Property Millionaire Intensive is another chance to turn £1 into potentially a whole lot more. Let me explain; the Property Millionaire Intensive is free but there is a £1 booking fee. If you are willing to spend that £1, you can learn information that could lead to you becoming much richer. It is important to have a certain mindset and attitude to risk to become wealthy. In this article, I will discuss 3 ways of thinking that helped me become a millionaire.
1. How to assess risk: best case, worst case, likely case
If you are going into business or investing in property, you need to be able to take risks. But it isn’t just business or investing; every part of life requires that you take risks. Going for a new job is a risk, relationships involve risk, choosing a field of study involves risk. Risk is something you need to be comfortable with to move forward in the world. Despite risk being so important, the education system doesn’t teach people how to assess it properly.
Assessing risk is actually quite easy. You simply need to look at the best case outcome, the worst case outcome and the likely case outcome. Be realistic when assessing each. The best case is where your plan goes exactly as you want it to; the worst case is where your plan fails; and the likely case is where some of your plan fails but other parts work out well. If the worst case isn’t devastating, the likely case is a net positive and the best case is awesome, it is likely a risk worth taking!
2. Self-perception: you will find evidence for your beliefs
If you want to be successful, you have to see yourself that way. This isn’t about self-deception or ‘faking it until you make it’, rather it is about re-centring your focus. If you believe something, you will find the evidence to back up that belief.
If you think you are a loser, you will focus on the parts of your life that evidence that. If you see yourself as a winner, you will look at the parts of your life that back up your belief. So remember, belief comes first. Choose the beliefs that serve you.
3. Environment is stronger than will power
Some people think they need more discipline or will power, but what they really need is a different environment. Imagine you lived in Australia but you really wanted an English accent. What would be more powerful: every day deciding to speak differently to everyone around you using willpower or to move to England where everyone around you speaks with an English accent? Obviously the latter. The same applies to business and property investing. If you want success, be around people that are succeeding.
Do you want to get yourself around successful people? If so, book a ticket to the Property Millionaire Intensive right now. You can book here, tickets are free but a £1 booking fee applies. Is your future worth risking £1?