Millionaire Mindset Trait #13: Rich People Focus on Net Worth

People with a millionaire mindset keep track of and measure their net worth, not how much they earn.

The true and accepted measure of net worth to the millionaire mindset and in the financial community is net worth. Your income from working is important, but it does not measure your true wealth. Working income can change by no result of your own doing. Measuring and tracking your net worth is the real way of determining wealth.

Millionaire Mindset and Income

Your income can be used to add to your net worth by saving and investing, but there are other factors to consider when you talk about income. Your income is used for your day to day living expenses, what you do with that income is what makes a difference when it comes to building wealth. A millionaire mind is focused on growing and building net worth.

Poor Mindset and Millionaire Mindset

Most people that do not have a millionaire mindset focus on their income rather than what they do with the income they receive. Many of those with a poor mindset don’t even understand the term “Net Worth” they focus on income. They think people are rich and wealthy when they have a large income. There are more people than you would believe that have a very large income, but their net worth is next to nothing. They often times owe more than they own or even owe more than they own and have a negative net worth.

Simplification and the Millionaire Mindset

The mindset of a millionaire is one of reducing debt and expenses so they can build and grow their net worth. The millionaire mind is always looking for a way to cut and reduce their expenses so they can use more of their income to add to their net worth. They have success with money. A wealth mindset is focused on net worth rather than how much they make. What do you do with your income?

“Those who start with too little money are more likely to succeed than those who start with too much. Energy and imagination are the springboards to wealth creation.” Brian Tracy

T.Harv Eker has singled out the habits, traits, and qualities of the Millionaire Mindset that practically guarantee a mindset of success and wealth. He went from practically nothing to millionaire in just over 2 years, by using the principles he teaches in his Millionaire Mind Intensive.