S9 E1 What is Wealth Mindset? With Raj Kapur

What exactly is Wealth Mindset & I believe that it is the foundation of a successful Coaching & Consulting business. Average coaches are earning in 5 figures ranges, now some of those who have been in business for over 15 plus years are averaging $120,000 but most new coaches are struggling. Then there are quite a few who have crossed six figures, some seven figures, and very few in eight-figures. The question is what is the difference?. Is it education? knowledge, network, connections, doing multiple things, or a combination of all or some. From my perspective, the foundation of all this is how their mindset is conditioned. Do they have a wealth mindset or a poverty mindset, I know most have a growth mindset and not a fixed mindset but their beliefs and conditioning start to hinder them, many times without being aware of it. Rarely will a successful person say that there is one thing that made them successful. Instead, they‘ll cite their mindset as one of the main reasons for their success. A wealth mindset is made up of beliefs, habits, behaviors, and attitudes that separate the wealthy from the rest of society. A wealth mindset will help you make the most of the resources you have. Now it doesn't come easily. A wealth mindset means saving money, investing wisely, and seeking ways to improve your financial standing with minimal risk but the good news is you can develop this mindset if you're willing to put in some time and effort. The opposite of a wealthy mindset is a poor mindset. Most people who have this “poor mindset” don’t realize that they have it. A poor mindset is having any of the following thoughts: thinking that making money is wrong, that you can earn money without working hard, that you'll never get out of debt, or that it doesn't take the right skills to increase your cash flow. This mindset will undermine your financial goals and will actively drive them away unless you work to counteract them.