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Welcome Back!

I hope you are ready for today’s Millionaire Mindset Monday! Each Monday we will be focusing on developing the mind necessary to achieve success. We will be talking about daily habits, tips, productivity, how to stay motivated and disciplined, and much more. The best way to start the week! I hope this is helpful.

Before We Get Started Here’s Your News Recap:

In a significant policy shift, President Donald Trump has imposed 25% tariffs on all imports from Mexico and Canada, effective March 4, 2025. This move aims to curb illegal immigration and drug trafficking but has raised concerns about potential disruptions in North American trade and supply chains.

Amidst economic uncertainties, major banks, including JPMorgan Chase and HSBC, are transporting gold bars from London to New York on commercial flights. This strategy capitalizes on a $20 per troy ounce price difference between the two markets, with JPMorgan alone moving approximately $4 billion in gold this month.

Stifel's top stock strategist, Barry Bannister, warns of potential stagflation in the U.S. economy, suggesting a possible 10% stock market sell-off this year. Factors contributing to this outlook include rising inflation, slowing economic growth, and the impact of recent tariff policies.

Consumer sentiment in the U.S. has declined, influenced by fears of renewed inflation and economic policy uncertainties. This sentiment may affect consumer spending, which is a critical component of the nation's GDP.

In the tech sector, Nvidia is set to release its earnings report this week, drawing significant attention from investors. The company's performance will provide insights into the semiconductor industry's health amidst global supply chain challenges.

French President Emmanuel Macron is visiting Washington to discuss the ongoing conflict in Ukraine with President Trump. The discussions aim to address potential resolutions, especially as the situation approaches its third anniversary.

U.S. Middle East envoy Steve Witkoff stated that American companies might resume business in Russia if a peace agreement is reached regarding the Ukraine conflict. This development could reshape economic relations and business strategies in the region.

The U.S. Treasury Secretary Scott Bessent held discussions with Argentine Finance Minister Luis Caputo, commending Argentina's reform efforts aimed at reducing inflation and stimulating private sector growth. These talks highlight the U.S.'s support for economic stability in the region.

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Focus of The Week

The Habit of Taking Massive Action

Principle: Millionaires don’t just dream—they execute. The difference between those who succeed and those who don’t is action. Taking massive action means moving forward consistently, even without perfect conditions.

Actionable Advice:

• Stop Overthinking, Start Doing: If you’ve been waiting for the “perfect time” to start something, take one step forward today.

• Set a Bold Goal: Pick one goal that excites and scares you at the same time.

• Use the 2-Minute Rule: If something takes less than two minutes to start, do it now—whether it’s making a call, researching a new skill, or drafting an idea.

• Eliminate Excuses: List the top three excuses you use to delay action and commit to removing them this week.

• Hold Yourself Accountable: Find a way to track your progress, whether through a journal, app, or accountability partner.

Take Action!

The “Massive Action Plan”

Goal: Stop procrastinating and execute on your biggest goal this week.

1. Day 1: Choose Your Goal

   • Identify one thing you’ve been putting off that could significantly impact your success. Write down why it’s important.

2. Day 2-3: Take Immediate Action

   • Break the goal into three small tasks and complete at least one each day. No hesitation—just action.

3. Day 4-5: Double Down

   • Push yourself further. If you’ve been making one sales call, make three. If you’ve been reading 10 pages, read 20. Increase your efforts.

4. Day 6-7: Evaluate & Adjust

   • Review your progress and reflect on how taking action changed your momentum. Identify how to keep this habit going.

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Millionaire Myth-Busting

“You Have to Wait Until You Feel Ready”

Myth or Truth? Myth

Breakdown: The truth is, you will never feel 100% ready. Success comes from starting before you’re ready and figuring things out along the way. Most millionaires launch projects, investments, or businesses while still learning.

Takeaway: This week, don’t wait for the right time—just start. Progress beats perfection, and action creates momentum. The best time to begin is now.

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That’s A Wrap

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Disclaimer

Disclaimer: This newsletter is for informational and educational purposes only and reflects the opinions of its editors and contributors. The content provided, including but not limited to real estate tips, stock market insights, business marketing strategies, and startup advice, is shared for general guidance and does not constitute financial, investment, real estate, legal, or business advice. We do not guarantee the accuracy, completeness, or reliability of any information provided. Past performance is not indicative of future results. All investment, real estate, and business decisions involve inherent risks, and readers are encouraged to perform their own due diligence and consult with qualified professionals before taking any action. This newsletter does not establish a fiduciary, advisory, or professional relationship between the publishers and readers.