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10 Success Mindsets of Highly Successful and Wealthy People

success mindsets

Want to be wealthy and successful? Start by changing your mindset. When you change your thinking, you change your action. And when your action changes, your result changes, and so with your life. it may sound easy to understand, yet, most people have no idea how to do it.

Achieving great success in life is all about adopting the right mindset. It is your thought that determines your decisions and actions in your everyday life. And your characters, behaviors, habits, and moods are just a reflection of your thinking pattern.

I like this quote below a lot:

egg quote

“If an egg is broken by an outside force, life ends, but if broken by an inside force, life begins. Great things always begin from inside.”

Everything starts from within you.

No one, no books, no seminars, no gurus, and no mentors can change you if you don’t want to change.

But when you are willing to change – and it starts from your mindset – you can become unstoppable.

And know this, you already have everything you needed to become successful. You already have all the resources to achieve your goals and to live your dream life.

  • You don’t need more time. We all have 24 hours a day.
  • You don’t need more money to be wealthy. Most successful people started from scratch.
  • You don’t need to start with talent and skills. Talent and skills can be developed.
  • You don’t need to more creativity. You just need to be creative with what you have.

What you really need is the success mindset – the thinking pattern that will make you successful.

And here are the top 10 success mindsets you must adopt if you want to be wealthy and live an extraordinary life.

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1. Aim for Growth

If you want your life to be better, you must aim for growth. Get rid of the fixed mindset that makes you believe you are just the way you are and you can’t change the situation. Instead, choose to adopt the growth mindset where you believe change is possible.

Many people stuck where they are and they fail to make a change because they adopted the fixed mindset. They think that they can’t turn the situation around and thus, have to accept it as it is.

On the other hand, extraordinary people like Richard Branson, Steve Jobs, Michael Jordan, Arnold Schwarzenegger, and many more, believe that they can change their lives.

These people have a growth mindset and believe that they can make their lives better as long as they are willing to work for it.

They started from scratch, yet, they don’t buy into the belief that they can’t make a change. They believe they can. And they did.

Take Steve Jobs as an example. He was adopted and wasn’t talented in computer programming. Yet, he believed he could make a difference and create a product that people love.

If you read his biography, Steve Jobs, written by Walter Isaacson, you will learn that many times, Apple delivered the impossible because Jobs believed they can do it.

Therefore, adopt the growth mindset and believe that you can change.

Here’s a great article to help you ditch the fixed mindset and shift to a growth mindset:

25 Ways to Develop a Growth Mindset

2. Develop the Abundance Mentality

In life, you either live with the scarcity mentality or the abundance mentality. People who live with the abundance mentality believe that there is more than enough for everything in this world – resources, money, relationships, opportunities, etc.

On the other hand, people who live in scarcity believe that everything is limited. They consistently believe in lack. When one person wins, another will lose. There is no such thing as a win-win situation in the mindset of a lacked person.

When you live with the scarcity mentality, everything is not enough. You will have to compete for resources like opportunities, love, money, and people.

Now, there is no right or wrong. Whether you choose to adopt the scarcity or abundance mentality, there is no right or wrong.

The only thing you need to consider is whether your mindset is helping you in achieving your goals and living your dreams.

Of course, living in lack will not create abundance in your life. If you believe that there are no more opportunities in this world, do you think you will want to start a business or look for the chances?

No, you will not.

On the contrary, people who believe that things are abundance and that there are unlimited opportunities around them, they will start looking for it. And guess what, eventually, they will stumble across the opportunity they search for.

This is you must change your thinking. Throw away the scarcity mentality and start adopting the abundance mentality.

The scarcity mentality breeds fear. For instance, if you’re in business and you believe that there are only so many clients you can approach, you will tend to focus on your competitors and try to grab their shares.

While there is nothing wrong with being competitive, you must understand that if you want to bring your business to the next level, you must focus on your own business, not other people’s businesses, got it?

Here’s a good article you must read:

10 Steps to Develop an Abundance Mindset

3. Focus on the Long-Term Vision

Let’s face it, success isn’t going to come to you overnight. It’s like what Lionel Messi said in one of his commercials:

Lionel Messi quote

“It took me 17 years and 144 days to become an overnight success.”

If you want to achieve great success in life, you must aim for the long-term. Not the short-term, not days, not weeks, and not months.

Most of the great success you heard about are created in years.

And this is one of the most common challenges most people face – they don’t want for the long-term, they want quick and easy fixes. And this is why most people are not successful.

Things that come quick and easy, will not last long. Things that are hard to come by or that requires your long-term effort to achieve, will give you the most reward.

You know that exercise is good and it keeps you healthy over the long-term, but most people choose to ignore it because they simply fail to see the long-term reward.

Look at the blogosphere today. There are millions of blogs out there, but how many of them are actually active? A lot lesser.

The thing is that people fail to persist for the long-term. When those bloggers started their blogs, they want quick results – fame, money, traffic, whatever. But most of them fail to persist over the long-term.

They blog only for a few weeks or months, and then they get distracted and jump ship to another project or give up on their blogs.

Never let this happen to your dreams and goals.

One of the key success mindsets is your ability to focus on the long-term.

Hence, when it comes to success, don’t think about it for just a few short months, think in terms of years. What kind of career or business do you want to build in the next 10 years?

Hold on to your vision and work on it relentlessly.

Bill Gates once said, “Most people overestimate what they can do in one year and underestimate what they can do in ten years.”

So think long-term. Prepare yourself to play the long-term game, not the short-term one.

Remember, the journey to success is not crowded because most people will give up on their way there.

Read: How to Think Long-Term: 7 Tips to Foster Your Long-Term Thinking

4. Be Willing to Fail and Learn

People are not living their dreams because they are living their fears. Why do you think most people don’t pursue what they want in life? Well, the answer is simple, they are afraid of failure.

I have seen people who started a business, failed, and then never dare to try again.

What about you? Are you not taking action because you are afraid of failure?

You see, no one ever fell on the top of the mountain. People who get to the top of the mountain make their way there. You can’t reach the summit unless you make progress and take the necessary actions.

Will you fail? Yes, of course, you will fail.

When you play games, do you expect yourself to keep on winning without losing a match or two? That’s impossible. In sports, losing is common, but what is most important is to not let your failure stops you from trying again.

Do you think Michael Jordan never failed before? It’s insane to believe so. Here’s what he said:

Michael Jordan quote

“I’ve missed more than 9,000 shots in my career. I’ve lost almost 300 games. 26 times I’ve been trusted to take the game winning shot and missed. I’ve failed over and over and over again in my life. And that is why I succeed.”

Here’s the success mindset you must adopt – you may encounter many defeats, but you must not be defeated.

In other words, you must be willing to fail and to learn from your failures. You must turn your failures into feedback that help you grow.

Most people don’t dare to take action because they are too afraid to fail. They let their fear of failure stops them from taking the necessary action.

Here’s what I’m telling you, “screw it, just do it!”

So what if you fail? It’s not the end of the day. You can start over and do it again. What if you screw up really big and fail big time? Great! Then you can learn even more and bounce back even higher.

One of the biggest difference between someone successful and someone who is not, is their ability to turn failure into success.

So don’t be afraid to fail. Adopt the success mindset and have the courage to pursue what you really want in life. Like what J.K. Rowling said:

JK Rowling quote

“It is impossible to live without failing at something. Unless you live so cautiously that you might as well not have lived at all. In which case, you fail by default.”

So what if you know what you want but you are afraid to fail? Read this article now:

10 Great Ways How to Stop Your Fear of Failure

5. Dare to be Different

Being successful means that you are different than the rest. And this is exactly what you must do to be successful.

If you do what others are doing, you will get the same results like most people got. Hence, dare to be different and have the courage to make a difference.

One of the main reasons Apple succeeded is because they dare to be different. They challenged the status quo. They did what others are not willing or dare to do.

When everyone thinks they need a keypad on their mobile phones, Apple gets rid of the keypad. When everyone believes the personal computer is the next big thing, Apple makes their smartphones a personal computer.

You have to dare to be different to stand out from the noise. As what Steve Jobs famously said, “to put a dent in the universe”.

Therefore, stop following the crowd and be who you are meant to be.

And to be different requires you to venture out of your comfort zone. Sometimes, you just need to take a leap of faith and everything will be different.

You must constantly push yourself to new heights. You must do what is uncomfortable so that you can enjoy greater rewards later.

You don’t have to listen to what most people are saying. You just need to be yourself and follow your guts.

Here are some wise insights from Dr. Miles Davis, the Dean of The Byrd School of Business:

Success Tip: To Be Different, You Have To Think Different

6. Inject Optimism in Everything You Do

Another important success mindset you need to develop is optimism. You must look at everything you do from a positive side, rather than the negative side.

Think about it, if you believe that the economy is going down and you have a new product to launch, are you going to launch it?

Probably not. Jack Ma, the founder of Alibaba and one of the wealthiest men in China once said in a seminar that successful people are extremely optimistic.

They believe that the future is going to be better than it is now and that is why they continue to invest and produce better products and services in their companies.

Jack Ma started Alibaba because he believes the future is on the internet. He is extremely positive with e-commerce and strongly believes that buying online is the future. And that is what leads him to start Alibaba.

If Ma is a pessimist, he will never do it.

Think about what will happen to your business or your life if you constantly worried about a market crash, jobs lost, economy down, failures, etc.

So, be positive. Everything may not be good, but there is definitely something good in everything, and focus on those.

My friend, you can’t live a positive life if you constantly complain and litter negativity in your life.

Someone who is negative will find it hard to achieve great success in life because he constantly focuses on what can go wrong rather than what can go right.

When you think about the negatives, you will feel the fears and eventually stop yourself from taking action.

So, instead of letting the negative stops you, choose to focus on the positives. What if you succeed? What if you achieve your goals? What if you become rich? What kind of life do you want to live? Where do you want to have your next vacation?

Focus on the positive and let the excitement of achievement drives you rather than shunning yourself from the negatives.

Here’s something you must read:

How To Stay Positive No Matter What Happens In Life

7. Become a Producer and Serve Others

If you want to be rich and wealthy, you must become a producer, not a consumer. I learned this success mindset from the best-selling book, The Millionaire Fastlane – a book that I strongly suggest you read.

We are all consumers. We read, listen, eat, and buy things. But the problem is that not every one of us is a producer.

If you think about it, being a consumer has become faster and easier in every part of your life. You can listen to a song by clicking a button. You can watch a movie from the comfort of your home. You can order food delivery online.

The thing is that when you act from the consumer mindset, you can never become wealthy and successful. To achieve wealth, you must act from the producer mindset, which is to produce and to serve.

Let me give you some examples…

  • Rather than ordering food online, be the one who sells the service.
  • Rather than reading a book, be the author who publishes books.
  • Rather than buying a pair of Nike, be like Nike and produce and sell shoes.
  • Rather than buying or renting a house, build the house and sell it.

When you shift from a consumer mindset to a producer mindset, you will look at things differently.

You ask yourself what can you produce and how can you serve better.

And being a producer means you are creating value. When you create value to others, you are enriching their lives, which in return, will enrich your lives too.

This is how every business operates.

Consumers buy Nike’s. Nike as a producer, make shoes and sell them to you. When you eat your quick lunch in McDonald’s, you are consuming what they produce.

Can you see the difference between being a consumer and a producer now?

I’m not saying that you shouldn’t be a consumer, you need to eat and have something to put on.

What I’m saying is that you must shift your mentality from being a consumer to a producer.

Rather than always thinking about what to eat as a consumer, think about what food you can sell as a producer.

Rather than thinking about what movie to watch or what book to read, shift your mindset and start thinking about what movie you can produce or what book you can write and publish.

And you don’t need a big capital. In today’s world, you can start your own YouTube channel with your phone. And you can write and publish your own book on the internet too!

Thus, change your mindset right now. Switch your thinking from a consumer to a producer. And learn to create and produce values rather than consuming values.

If you want to learn more about changing your mindset from a consumer to a producer, read this book by MJ DeMarco, The Millionaire Fastlane.

8. Have Fun and Passion in What You Do

This may sound easy to understand and do, but when it comes to application, it can be challenging.

Another big reason why some people are able to create extraordinary results in their lives is that they simply love what they do.

They are passionate about their job and their work. And because of their inner drive, they are willing to do more and to produce better quality works.

It can all be summarised by this quote from Steve Jobs:

Steve Jobs quote

“Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do.”

If you don’t love what you do, you will never outperform others. As what Jobs said, the only way to do great work is to love what you do.

When you are not passionate about your work, you will do your work with a half-hearted approach. You do the work for the sake of getting it done.

On the contrary, when you love your work, you will want to deliver the best result. You care about quality and results because you are passionate about it.

You don’t have to be pushed, your passion will pull you. And you are willing to put in more time than others because you love doing it.

This is how you can separate yourself from others.

So adopt this success mindset. Learn to love what you do and have fun doing it.

Read: 7 Clear Signs That You Have Discovered Your Passion in Life

9. Celebrate Your Success, and Others Too!

Another important mindset you must develop is to cultivate gratitude and celebrate success, both your success and others.

Celebrating your own success is easy. What is difficult to do is to celebrate other people’s success.

Acknowledging other people’s successes help you get rid of bitterness and resentment. When you see someone’s succeeded, do you feel positive about his or her success or do you feel resentful?

When you see someone achieves success and you think, “he’s just lucky”, or “he has the support from his family, what’s great about that”, or “there are tons of others achieved similar result, there’s nothing to be proud of”, these are the signs of resentment.

And when you resent other people’s successes, you will never have any.

It’s just like saying money isn’t important and you don’t need much money. When you say so, you’re subconsciously training yourself to become poor.

It is a negative mindset you must throw away as soon as possible.

When you say something is not important, you will never have it. For instance, if a tennis racket is not important to you, you will never bother buying it, right?

The same goes for money. If you think that money is not important, you will never have enough of it.

And when you see someone succeeds and you feel resentful, you know that something is not right.

If you resent someone’s success, it means that subconsciously, you will resent your own success too. And that is why you are not successful, yet.

You simply cannot receive what you resent. Hence, if you resent or feel upset about other people’s successes, it will stop you from achieving the success you desire.

Therefore, train yourself to celebrate your success as well as others’ successes.

From today onwards, feel proud of those who have done it, even if they are your competitors.

Rather than feeling sulky, feel proud that you are in the same industry. And if others can do it, tell yourself that you can do it. Somehow, they have just proved it to you that it is possible to achieve what you want.

So, always be grateful and be thankful for other people’s successes.

10. Treat Mistakes and Problems as Challenges

Lastly, adopt the mentality to treat mistakes and problems as challenges. Extraordinary people don’t look at mistakes and problems as they are. They treat them as challenges. And their target is to overcome them.

No matter what industry you’re in and what business you’re managing, there will be problems and you will make mistakes. They are inevitable.

However, you must look at problems as something exciting, like when you’re playing a game.

When you fight the boss that is tough, you feel great and accomplished when you win. Not only that, your characters will gain a lot of experience and level up after fighting the boss in the game.

The same principle applies to real life.

There will be problems, but your mission is not to run away from them. Your mission is to overcome them, gain more experience, and get to a higher level.

I like how Harv Eker puts it:

Harv Eker quote

“The size of the problem is never the issue, what matters is the size of you.”

When you are at level 3 and you face a level 5 problem, it will be a big problem for you. But after you grow yourself and become stronger, say level 8, the same level 5 problem will be a small problem for you.

And when you get to level 9, facing a level 5 problem is likely not a problem to you at all.

Do you get it? If you want to produce greater success in life, you must constantly play the game to increase your level.

Hence, treat it like a game. Don’t run away from your problems, instead, choose to gain experience and improve your skills.

Successful people have this mindset and that is why they treat problems as a challenge they must overcome. They just don’t look at problems as problems. They look at problems as something fun and exciting to overcome.

And you must adopt the same thinking.

Conclusion

These are the 10 success mindsets of highly successful and wealthy people. I know that these mindsets are easy to understand, but difficult to adopt.

But never let this stops you from moving forward in getting what you want in life. Do your best to shift your thinking. When you transform your mindset, you will transform your life.

So of all these 10 success thinking above, which do you think is the most important?

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About Shawn Lim

I'm a blogger, writer, and also an internet entrepreneur. If you want to learn more about me, kindly go to the About page. By the way, have you downloaded your FREE copy of Active Goal Setting? Don't forget to do so. :)

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