Justin Cobb on Cultivating a Wealth Mindset for Success

In the modern world, many people dream of becoming millionaires, or at the very least of attaining enough financial independence to live without worry. Society tells us that if we work hard, we will be successful, and eventually become rich. However, many people work very hard and never get any richer. So what is the key to attaining more wealth? What is the difference between those who attain financial independence, and those who flounder at the bottom of the pond? Entrepreneurs like Justin Cobb are always searching for those concepts and ideas to separate from the herd.

The most important thing to attain, if you want to generate wealth, is a ‘wealth mindset’. The very rich have been examined and analyzed and studied for decades now. One of the core things we’ve learned is that their attitude is something that can be learned and adopted. They aren’t rich because of who they are, or how smart they are, or how strong they are. They are rich because they all share a common set of principles and a mindset that allows them to succeed. We asked Justin Cobb for a couple of examples of that mindset.

Network for Success

Wealthy people spend their time networking with other people who share their mindset. It’s not surprising to learn that people tend to have an income that is close to the income of their peers. Attitudes and ideas are contagious. If your friends are unproductive or unmotivated, you may think you can rise above it. But research shows that it’s more likely that you’ll be dragged down instead. The best way to train your mind to be wealthy is to associate with people who are where you want to be.

Take Risks

Almost all the safe ways to earn money are also slow ways to earn money. If there was a way to earn millions while never taking any risks, everyone in the world would be doing it. The reality is that if you want to get rich, you’ll have to step outside of your comfort zone and take some big risks. These risks should always be calculated and prepared for of course, but you still stand to fail as well as win. But if you learn something from every failure, you’ll be closer to your goal each time.