How does an entrepreneurial mind work?

Over all my years of growing up, going to college and being in business I have always been fascinated by the human brain and how millionaires think in comparison to the everyday person. What makes them different?

If we were to take two newborn babies who both come from an average families financial status (meaning their parents are ‘blue-collar’ workers and not already established financially, i.e. not born in to wealth), and hypothetically speaking they both grow up with the same values and ethics, however one becomes a millionaire and the other doesn’t. What sets him apart from the other person? It could therefor not be from his background, but from himself. His own way of thinking. We can all determine our own financial destiny by changing the way we think and view our world.

Take the below scenario as an example:

A man walked into a bank in New York City one day and asked for the loan officer.

He told the loan officer that he was going to Philippines on business for two weeks and needed to borrow $5,000. The bank officer told him that the bank would need some form of security for the loan.

The man then proceeded to hand over the keys to his new Ferrari parked on the street in front of the bank. He produced the title and everything checked out. The loan officer promptly agreed to accept the car as collateral for the loan.

The bank’s president and its officers all enjoyed a good laugh at the man once he had left for using a $250,000 Ferrari as collateral against a $5,000 loan. An employee of the bank then drove the Ferrari into the bank’s underground garage and parked it there.

Two weeks later, the man returned, repaid the $5,000 and the interest, which came to a total of $15.41.

The loan officer, curious, turned to the man and said, “We are all a little puzzled. Whilst you were away, we checked you out and discovered that you are a multi-millionaire. What confuses us is, why would you bother to borrow the $5,000 in the first place?”.

The millionaire then replied: “Why, where else in New York City can I park my car for just $15.41 and expect it to be there on my return?”

Now some would argue that this millionaire knew more about money management than others, however I would beg to differ.

I think that millionaires have the capacity to think outside the box, in unconventional ways that other people cannot.