The Millionaire Mindset


Do you have the mindset of a millionaire?

You are about to find out.

Let me start off with saying that is not the amount of one million dollars that gives someone a millionaire mindset. That is why people who win the lotto or inherit a large sum of money can still go broke,fail at a business or make incredibly dumb decisions.

The millionaire mindset is a way of thinking. It is unique and special and I would dare to say that the majority of the population do not have this mindset. I have come into contact with about a dozen people who have this mindset (and who are millionaires). It wasn’t until recently that I started seeing similarities in the ways of thinking and doing between these successful people. I was curious to find out if there was a specific way how they go through life that contributed-to and resulted in them being successful.

What I found is the following:

(I will refer to people with the millionaire mindset as MM people.)

The Millionaire Mindset:

Not Scared of Hard Work or Long Hours.

MM people are not scared of hard work. They do not mind waking up and being the first one at their business and the last one to leave. They do not mind coming in on weekends.

To avoid misunderstandings, I am not saying that MM people actually like this. They may very well rather want to be with their families or relaxing at home, but they know that sometimes it takes sacrifice. What must be done must be done.

Knowing There is No Free Lunch.

This ties in with the first point. MM people know that it takes hard work or blood,sweat and tears to be successful. If things happen to go easy and come their way easily, then it is a bonus. They do not rely on things to fall in their lap. They work for success, every step of the way.

Taking Action. Waste Little Time Talking and Spend Time Doing.

No daily meetings. No hours spent in boardrooms. Millionaire mindset people take action. They know what they want and decide fast. They know time is money, and things are not going to happen by themselves. When confronted with a situation and a problem, it is dealt with asap. The longer it lies around, the bigger of a problem it gets.

This is not to say that Millionaire mindset people do not spend time planning. On the contrary. Millionaire mindset people are often the biggest planners I know. Coming up with ideas, new way to do this, other ways to automate that. They mostly do this in their spare time, and when things need to be done, they are done first.

Knowing Strengths and Weaknesses.

People with a millionaire mindset know what their strengths and weaknesses are. They know they are good at certain things, and will admit this openly. Initially I saw this as arrogance, but now I see it as supreme confidence. There is not a doubt in these people’s minds that they are good at what they say they are good at.

On the flip side, these people also know what they are bad at. They will admit this openly too. They will not attempt to do these things (at which they suck) themselves, but will rather outsource the task to someone who is good and pay the price for it.

Not Scared to Spend (Invest).

The millionaire mindset is one of constant opportunity and investment. The MM people will spend thousands if not hundreds of thousands of dollars in the blink of an eye on tools,equipment or whatever else is necessary to make the business grow.

I have seen many business owners who do not want to spend money for tools or equipment. These businesses often do a lousy job, spend much more time than they should on a job, and even get injured because of their foolish unwillingness to spend. (Penny wise,Pound Foolish?)

People with the millionaire mindset will rather take out a loan or work longer hours to be able to buy the best equipment to get the job done. They know that this will pay off in the long run and pay out multiple times the initial investment.

The Little Things Matter.

Even though the MM people may have millions of dollars in the bank, I have noticed that they still care and fuss about the little things. (Sometimes) They will rather go out of their way and drive to another store than pay $5 too much for something. Not because of the $5, but out of principle.

One of the reasons that they think this way, is that they got to where they are by making all the little things count. Lots of little things make a big thing eventually.

Living Below Their Means

MM people live below their means. Indeed they may spend $40 000 on a 2 month holiday, but they will only do this if it is way within their means.

This is the best way to accumulate wealth. Not spending everything you are able to spend, and save or invest the rest.

I would love to hear your view about the above points in a comment below.

30 Sentences for A Millionaire Mindset:

On a related note, I have spent the weekend reading an ebook from Dragos Roua. The book is called ’30 Sentences for a Millionaire Mindset’. I have been wanting to make a post about this concept for a long time now, but Dragos’s book called me to action.

Besides having a 2000 reader strong Personal Development blog, Dragos has had multiple successful online businesses for the last 10 years. He has come into contact with thousands of successful people and gained much wisdom throughout his entrepeneurship journey.

’30 Sentences for a Millionaire Mindset’ is truly an eye-opener. Very inspirational and motivational.The book consists of over 90 pages and revolves around 30 principles that form the millionaire mindset. Each principle is explained in detail in its own chapter.

The best part about the book, is that Dragos has included a crash course in ADD (Assess – Decide – Do) and an assessment booklet. The book is not just something that you passively read. . The idea is that with each of the 30 principles of the millionaire mindset, you assess your current situation and decide what you need to change and do to gain that mindset. (And the success that comes with it). You reflect upon your own life and situation and pin-point the things that you are doing or not doing that are holding you back from being really successful.

’30 Sentences for a Millionaire Mindset’ costs just $27 and is instantly download-able.

I highly recommend it! I am always looking for fantastic resources that can help me improve my mindset. I want to grow, learn and be successful. Drago’s book definitely is one of those resources!

(*Note* : If you wish to purchase a copy through the link below, I will get a commission. It does not change the purchase price for you at all. If you do not wish to purchase the ebook through my link, you can buy it from Dragos himself at

Have a Rockin’ day

  • Sandra BravodeHassan

    Awesome Article, thank you!

  • Fabio Luiz Esperati Pagoti

    Inspiring post. Fortunately I am finally able to read the blog more often.

  • Bryan Thompson

    Thanks Diggy. I love the “not afraid to invest” part, too. I remember reading Robert Kyosaki’s “Rich Dad Poor Dad” book and really got the message about assets and liabilities. He says that rich people mainly spend their money on assets that will make them MORE money in the future. It really changed perspective for me.

    • Diggy

      Hi Bryan,
      I haven’t read that book yet, so many people talk about it.

      Yes, while it may be unpleasant not to be able to spend your money on things that will bring you instant enjoyment or pleasure, spending that money on ways to increase your earnings in future is something that will allow you to have the financial freedom you’ve always wanted.

      Thanks for stopping by!

  • Clare Appleyard

    Great post Diggy! I wish more people would read this information :-)

    • Diggy

      Thanks Clare!

  • Geoff

    With regard to knowing strengths and weaknesses, one of my favorite quotations is by Henry Ford “Whether we think we can or can’t, we are right.”

    Our minds can represent a strength or weakness, depending on what program we have running around up there.

    What we put in it today is most often what it produces for us tomorrow.

    By keeping our thinking focused on what we can achieve rather than the opposite, it is more likely that we will experience greater success.

    I guess that means, to become a millionaire requires that we think like one, apart, of course, from the great points covered in the book.

    Cheers, Geoff

  • Doyin Babajide

    i really appreciate your effort in writing about millionaire minset is indeed the truth. The very 1st of getting wealthy is to have a positive mindset. I agree with u

  • Financial Samurai

    One of the first things I tell new folks starting off in the workplace is to simply come in first, leave last unless they know everything already. If they do know everything already, it’s time for them to find a new job!
    .-= Financial Samurai´s last blog ..The Katana: Nobody Really Cares More About You Than You 11/22 =-.

  • Mitch

    A lot of what you write here reminds me of Secrets of the Millionaire Mind by T. Harv Eker, which Clare above recommended that people read. I like to think I fit into all of these, but I probably am missing some of them. The one thing those with a millionaire mindset have is vision; that’s tougher than it seems sometimes.
    .-= Mitch´s last blog ..My Gripe With Helium =-.

    • Diggy –

      Hey Mitch:)
      Welcome to Upgradereality!

      I have never read the book you recommend. Always open to good books, so thanks for that! I agree with the vision part, having a clear goal of where you want to be and knowing you are going to get there somehow!

      Thanks for stopping by!

  • Nate

    I think the biggest difference between millionaires and non-millionaires is that they build businesses and create multiple income streams.

    Most people think the other way around. There is a reactionary approach to money. You need a job to get money and you have to work for someone else. Most millionaires create businesses where the money is working for them so to speak, not the other way around.

    Does this mean they don’t work? No. I’m sure Tim Ferriss works his ass off and doesn’t really have a four hour workweek. The key is he’s building businesses, not working for one.
    .-= Nate´s last blog ..Confessions of an Introvert and Notes on Being Yourself =-.

    • Diggy –

      Hey Nate!! :)

      Thanks for stopping by and leaving a comment!

      I totally agree with your view and how you say successful people make money work for THEM instead of the other way around. Tim described in his book how initially he would work 12 hour days or longer. Initially it takes a lot of work to build something up, but it gets less intense over time as things get automated and systems put in place!

      Have a great day! :)

  • Tavia

    Unfortunately I don’t think I have MM cause I hate to work overtime (especially when I don’t get paid for it) but I know that my ex bf can be described exactly after this post. :) Well is not a millionaire yet but he is getting there, hundreds of thousands of $ counts right :)
    .-= Tavia´s last blog ..NEW: Lancome O My Rose Collection – Spring 2010 =-.

    • Diggy –

      Heya Tavia!!! :)

      Things can be tough for a long time, but where the is a will there is a way. My favourite example of this is the movie “The Pursuit of Hapiness” with Will Smith. If you haven’t seen it yet, watch it! :)

      Congrats to your ex. Hopefully his success and ambition were not the reason you guys broke up?


    Great post on the attributes that a millionaire mindset is all about and congrats on almost reaching the half way point in your goals for this year.
    .-= JONNY

    • Diggy –

      Hey Jonny!
      Thanks for stopping by! :)
      Yeah almost 500 readers. Thanks for you support!

      Cheers! :)

  • Dayne |

    Hey Diggy, fantastic post. You are spot on in regards to all the aspects of a millionaire mindset.

    I think the biggest one is taking RISK. Not being afraid to fail.

    Millionaires go for it, not just think about it. And most of all, they keep moving forward after failure.

    Thanks for the great post!

    Dayne :)
    .-= Dayne |´s last blog ..6 Motivation Techniques to Jumpstart Your Life =-.

    • Diggy –

      Heya Dayne!!

      So very true. Confidence and not being afraid to fail. Those who do not try always miss.

      Thanks for stopping by :)

  • Srinivas Rao

    Hey Diggy,

    This is a great post and very relevant for people who want to monetize their blogs. I think you should connect with Rich Lazarra. His blog is excellent and he deals with billionaires on a daily basis because his company sells yachts. WE had a long conversation last night and I’ll be publishing his interview soon.
    .-= Srinivas Rao´s last blog ..6 Things I would do differently if I started my blog today =-.

    • Diggy –

      Hey Srinivas!

      Wow thanks, I have never heard of Rich. I’m looking forward to reading that interview! :)

      Thanks for stopping by!

  • Gunjan

    great post…Thanks for this…I have often heard “we become what we think”…So, here it is…Our Mindset decides our success in life…Thanks again.

    • Diggy –

      Hey Gunjan! :)

      Thanks for stopping by and leaving a comment!

  • Ivan

    great post…great points…great mindset…
    .-= Ivan´s last blog ..Discovering Your Life’s Purpose and Exploring Your Divine Nature =-.

    • Diggy –

      *Thumbs up*
      Cheers Ivan! :)

  • Robert

    A great read, and validating I hope for many. I struggle with being afraid to invest, being the cheapo I am, but the more I read on spending money smart the more confident I get. The Richest Man in Babylon helped a long way. Make sure everything you’re buying is adding value and then it’s smart to spend. Good post Digs
    .-= Robert´s last blog ..The Life Design Project | Resources for Freedom =-.

    • Diggy –

      Hey Robert!

      Thanks for the kind words:)
      Helping others can also be seen as a way of investing. Maybe by helping someone start their own business, good things will come back to you.

      Don’t be scared to take a risk every now and then, just try to make sure the risk won’t cripple you :)


  • Armen Shirvanian

    Hey Dirk.

    The millionaire mindset is too small for future billionaires like you and I, but it is the mindset more commonly seeked out by those wanting to improve theirs.

    I like the points you bring up here. If we are scared to invest, we won’t invest, and then later will have nothing extra to build upon. This mindset is a one-way road, and you can only either have it or not have it. Middle ground is not really applicable here.

    Taking action is something we often talk about. If I don’t go through some tutorial, and just think about doing the tutorial, I get nowhere. Doing the tutorial might not be as enjoyable as doing nothing, but it leads to being able to do more, which is the question we have to ask ourselves about the worth of.

    Thanks for this.
    .-= Armen Shirvanian´s last blog ..Knowledge Is Your Best Friend =-.

    • Diggy –

      Heya Armen!

      Long time sir! How you doing?
      I think its indeed a mindset we need to get used to. Make it a habit to work hard, persevere, carry on when others stop, and don’t complain. :)

      Thanks for stopping by :)

  • bretthimself

    Monster post, and now I’m considering buying the book. “The Millionaire Next Door” has gotten rave reviews as well, from what I hear. I especially love your points on “knowing there is no free lunch” and “the little things matter”. They often go overlooked, but those are two huge things about being successful anywhere.
    .-= bretthimself´s last blog ..Sensory Focus Challenge =-.

    • Diggy –

      Heya Brett!

      Thanks for the kind words :)
      I especially like “The little things matter”. Many small actions spread over days and years result is massive success.

      I have personally made the mistake of wanting big success really fast, and hopefully learnt my lesson :P

  • Casey

    Those are all great points. No free lunch, do do do, and not being scared. You have to be willing to take immediate action!
    .-= Casey´s last blog ..Photo of the Week: Tuk-tuk? =-.

    • Diggy –

      Heya Casey!! :)

      That’s the spirit :)

  • brian papa

    Diggy, great way to wake up on Monday! I’d also add another attribute of the people who have Millionaire mindsets “They don’t complain.” THey don’t complain because they’re too busy taking action to better the situation.
    Cheers, Diggy!!
    .-= brian papa´s last blog ..CHEERUPNATION takes to the AIR WAVES! =-.

    • Diggy –

      Hi Brian!!

      Always great to start the Monday off on a positive note :)

      Ahh, great addition as always. There is indeed no point in complaining. It is wasted energy!

      Thanks for stopping by and leaving a comment. Always makes me smile!

  • Zenneke

    Yes! I have the MM!
    Mmm…but should I start my own business now?
    I am thinking about it. Why not?
    .-= Zenneke´s last blog ..Zenneke: H1N1. To vaccinate or not to vaccinate, that is the question. =-.

    • Diggy –

      Welcome to Upgrade Reality :)

      Start your own business! It can be an online business which will cost less than $200 to start up, or it can be something bigger. Totally up to you. But start it now and let it grow into something big.

  • Sean

    I especially agree with “not scared to spend (invest). If there is one thing I have learned, it is that you have to spend money to make money. At least that is true for just about anything entrepreneurial.

    The tough part is recognizing when you should spend and when you should save. The millionaire might have been very willing to spend lots of money where needed, but many have also been good at bootstrapping as long as possible. I think a combination of the two extremes is going to give the best chance of success.

    Really enjoyed this post Diggy, keep it up!
    .-= Sean´s last blog ..Two Days at Iguazu Falls =-.

    • Diggy –

      Hi Sean!

      Yeah, I saw it in action. Spending money on equipment and investing it in your business is the best way to make it grow!

      Good luck on your journey! I’ve been following your blog. Hope things go the right way for you :)

  • Positively Present

    Great post, Diggy! I’ve never heard of the “millionaire mindset” before so it was great to learn about it!
    .-= Positively Present´s last blog ..note to self: it’s okay to be happy =-.

    • Diggy –

      Heya Dani! :)

      Glad you enjoyed the post!
      Have a great day!! :)

  • Carmen

    Great post! You´ve pointed out some characteristics that I have also noticed in many of my friends who are financially successful. I´m a fan of the book, `the Millionaire Mind`by Thomas Stanley. One thing that fascinated me was that millionaires tend to be much more socially focused through school often making average or below average grades but partying a lot! That social savvy is important later in creating businesses.
    .-= Carmen´s last blog ..Meet the Nomads – Dan Madera – A Nomad Chooses a Home =-.

    • Diggy –

      Hey Carmen!

      Thanks for stopping by :)
      That is one aspect that I have not really noticed. I would say successful people know how to behave socially, can make friends easily, but definitely are not party animals.

      Maybe in the early stages up to college, the partying life enables people to become free thinkers, but I would not count on it as a trait to make you successful.

      Thanks for sharing your view :)

  • Ideas With A Kick

    Uuuuh, I read this book! One of the most valuable things I got from it was the idea that overall, having your own business can bring a lot more benefits than being an employee. That was about the time I started my own business.

    .-= Ideas With A Kick´s last blog ..Personal development readers vs. personal development doers =-.

    • Diggy –

      Hey Eduard!

      Great that you read the book too!
      Good luck with your business, I am sure you are doing well with it. Never give up :)

      Thanks for stopping by

  • Gordie Rogers

    Take action. Take action. Take action! We need to remind ourselves of this as we head into the our own entrepreneurial adventures. Thanks for sharing, Diggy.
    .-= Gordie Rogers´s last blog ..Choosing Which Lifestyle Design And Blogging Road To Take. =-.

    • Diggy –

      Hey Gordie

      Much of self improvement boils down to taking action. It’s just not always as easy to motivate someone to take action and start their journey! :)

  • Jen

    Hi Diggy,
    Our mindset is so important but I like that you pointed out about mm’s not being afraid of hard work. The more I observe successful people, the more I have noticed this. A willingness to do what’s needed, maybe when others wouldn’t.
    Great post
    .-= Jen´s last blog ..Your Money or Your Life! =-.

    • Diggy –

      Heya Jen!

      How are ya? :)

      People say ‘work smarter,not harder’, but I honestly think its a combination of both. I don’t know any successful people who have not put in hours upon hours upon hours of their time to get to where they are now.

  • Dragos Roua


    Thank you so much for your kind words and for the review. I genuinely think we all have the traits of a millionaire, but, as we have to learn a new language to be able to speak with people in a different country, we have to acquire a different mindset in order to express the traits of a millionaire. That sounded a lot more complicated than it is.

    @Oscar: thanks for your kind words too, I really appreciate it :-)
    .-= Dragos Roua´s last blog ..7 Reasons To Enjoy Life More =-.

    • Diggy –

      Hey Dragos!

      You’re welcome. It’s a great book and I wanted to share it with my readers :)

      You have already done a lot of what I am still aiming to achieve :)

  • Oscar – freestyle mind

    Hey Diggy, I read that book and I highly recommend it to everyone. Also I agree with what you said about having a millionaire mindset.
    .-= Oscar – freestyle mind´s last blog ..The Do Habit Update 1 =-.

    • Diggy –

      Heya Oscar!

      Thanks for sharing your view of the book! I really think it’s a great one!

      Have an awesome day!

  • Bunnygot Blog

    I believe with a millionaires mindset you know life is risk.You have expenditure that most people would not give up in order to make the money.
    There is a certain amount of things one cares about that the value designates when you have to spend so much time becoming someone and no something.
    Usually by the time people figure this out it is way into adulthood, middle age.
    .-= Bunnygot Blog´s last blog ..The Answer Lies Within The Question =-.

    • Diggy –

      Heya Bunny!

      Welcome to Upgrade Reality :)

      Yeah you are right about that. Most people only figure it out when they are middle-aged or older, if they even figure it out at all. I hope to be able to change that with my blog and help people take control of their lives right now :)

  • Clare Appleyard

    Great post Diggy and I couldn’t agree more!
    Our mindset is so responsible for where we are in our lives and this is often the most difficult thing to change. I’ve been working with someone who wants more money, but is just expecting the “free lunch” and isn’t prepared to help themselves, particularly regarding their mindset…it’s a challenge.

    I’d also recommend T Harv Eker’s book “Secrets of the Millionaire Mind” – great read, filled with powerful money affirmations.

    • Diggy –

      Hey Clare!
      Welcome to Upgrade Reality :)

      I’ve noticed that too. There are many people who want money,wealth and success. However, they are not prepared to work for it. Strange isn’t it?

      Thanks for stopping by!