by winston » Sun Jun 27, 2010 5:34 am
How to Develop a Multimillionaire Mindset by Michael Masterson
A man observes evergreens growing along the roadside and thinks that they look pretty, covered with snow. Another man sees the same trees and thinks, "These trees would look good in people's living rooms at Christmas. I wonder what they would pay for them?"
The first man has an ordinary mind. The second, the mind of a natural-born moneymaker.
In The Prime Movers, Edwin A. Locke provides some interesting insights into the way moneymakers think:
He argues that an active, inquisitive mind is a hallmark of the successful entrepreneur. The most successful entrepreneurs in history, he says, had this sort of mind.
Thomas Edison: He was a "virtual thinking machine. Almost until the day he died, his mind poured forth a torrent of ideas, and he might track as many as 60 experiments at a time in his laboratory."
Steve Jobs: He bombarded people with his ideas – his investors, his board of directors, his customers, his subordinates, and his CEO.
Henry Ford: "He threw himself into every detail, insisting on getting small things absolutely right... But he never lost sight of the ultimate, overall objection. He had a vision of what his new car (the Model T) should look like. From all the improvisation, hard thought, and hard work came a machine that was at once the simplest and the most sophisticated automobile built to date anywhere in the world."
Source: ETR
It's all about "how much you made when you were right" & "how little you lost when you were wrong"