11 mistakes standing between you and your first million

I've been a millionaire three separate times in my life. The first time I saw$1,000,000in my bank account, I almostfainted. Even though I knew it was hitting my account, it still caught me off guard.Becoming a millionaire isnt as far-fetched as you would believe. With dedication, patienceand focus, becoming a millionaire is completely obtainable. If I can do it, anyone can.The hardest part' Actually reaching your first million. After that, everything else falls in place.Butwhy is it so difficult to reach your first million' I find that most people are pretty close, but hold themselves back with the following mentalities:SEE ALSO:7 signs you're rich, even if it doesn't feel like it1. Youre not thinking the right wayAs Napoleon Hill discovered in his landmark 1937 book Think and Grow Rich,wealthy individuals think differently than the average person. After interviewing 1,200 of the wealthiest individuals in the world, self-made millionaire Steve Siebold agrees with Hills findings. They include: The rich believe poverty is the root of all evil. Selfish can be a virtue. They have an action mentality. The rich acquire specific knowledge. They dream about the future. They follow their passion. The rich enjoy challenges. They use other peoples money. Millionaires focuson earning, not saving. They knowwhen to take risks.In short, if you want to become a millionaire, start changing the way you think about money and success.2. Being too concerned about perfectionHeres one of the most important and valuable lessons Ive learned in life --nothing is perfect. The sooner you accept that, the sooner you can move forward, instead of being stuck in one place.Related: 10 Ways You Can Model the Success of MillionairesIf youre starting a business, the more time you spend perfecting your product or service, the more time your competitors have to tap into your market and take away potential customers. Dont hesitate to experiment. Get to market as soon as you can. You can always work out the kinks later while youre still making a profit.3. Spending everything you makeYou just received a fat six-figure check.Its tempting to go out and buy a luxury car. The thing is, wealthy people know how to live below their means, as opposed to spending everything that they just made. Manywealthy people, likeWarren Buffett, livein modest homes and drivepractical cars.See the rest of the story at Business Insider
Click here to read full news..