Good morning! Today we have a guest post from Simon Cave, the founder of Becomer, a platform that provides the information needed to achieve financial freedom. If you’re looking to escape the Rat Race, this is a great place to start. Like many of us, Simon aims to reach a point where he can do whatever he wants, whenever he wants, with whoever he wants, without worrying about money. He’s ready to help anyone achieve this goal, and you can follow him on Twitter @simooncave. Let me know if you’d like to guest post on RFI.

When people try to achieve financial independence, they often overlook the importance of strategies. While strategy accounts for 20% of your success, mindset makes up the remaining 80%.

Take, for example, the typical case of the dreamer. A dreamer aspires to become financially independent and buys a book on wealth creation strategies. He believes that reading it will make him rich. He reads the first 50 pages and jumps into the first investment opportunity he encounters. As you might expect, he probably fails. Even if he had the right strategies, his impatience and poor mindset would undermine his success.

Before we go further, let’s clarify what a mindset is.

Mindset Definition:
A mindset is a mental attitude, a set of habits that dictate your actions and way of thinking, and your responses to certain situations. Mindsets are developed through human experiences and interpretations, including what you read, hear, experience, or discuss. Your upbringing and education also play a significant role in shaping your mindset.

Why Is Having a Good Mindset More Important Than Strategies?
People with excellent strategies but poor mindsets can’t reach their goals. Imagine if you managed to get mentorship from Bill Gates, learning his top wealth strategies. You might think that this would guarantee success. In reality, it only works if you have a good mindset. If you’re not committed, impatient, lazy, or doubtful, you won’t benefit from his expertise.

If you’re impatient, you’ll want results overnight, and when you don’t see immediate success, you’ll give up, convinced the strategies don’t work.

Similarly, if you’re not committed, you won’t stay disciplined or align your actions with your goals. True financial independence requires long-term strategy adherence, not just a few months of effort.

You must learn patience before anything else. Every successful person you’ve ever heard of is patient. Patience, persistence, and hard work form an unbeatable combination for success.

To achieve financial independence, you need the right mindset, much like needing fuel for even the best car. Without the right mindset, you won’t go anywhere, no matter how good your strategies are.

How Can You Build a Good Mindset to Achieve Financial Independence?
You need the right attitude, which includes several key points:

1. Know What You Really Want in Life
Many people think they want to be rich or famous, but find themselves depressed and unsatisfied once they get there. Celebrities often turn to drugs due to this frustration. Deep down, they wanted something else. So, be sure about what you truly want in life. Ask yourself the important questions: What do you really want? Are you willing to do what it takes to achieve it?

2. Be Open-Minded
It’s crucial to welcome new ideas and reconsider what you’ve learned over the years.

3. Be Patient
Patience is essential. There are numerous resources, like articles on Wikihow, that can help you develop patience.

4. Be Committed
Discipline and sacrifice are key. When you make a decision or plan, stick to it no matter what. Resources like Pick the Brain can help you develop these traits.

5. Focus and Drive
To achieve financial independence, you need to focus on your goals every day. Take action daily towards your objectives. Additionally, program your subconscious mind by picturing the results you want to achieve. This is extremely important. Many people with good strategies and mindsets still fail because they haven’t programmed their subconscious minds to achieve their goals. For more on this, look into resources on subconscious mind programming.

Now you know the mindset you need to achieve financial independence. Combine this with the right strategies, and you’re sure to see excellent results.

What is YOUR mindset when it comes to your finances?