This is the second part to our article discussing the Wealth Mentality and comparing it to the Lack Mentality. If you have not read Wealth Mentality vs. Lack Mentality: Part I, be sure to read it first.

Now, with all of the current financial hardships going on currently in the global economy, you have to sit back and ask yourself if it's still possible to maintain a wealth mentality throughout all of the negative news and horror stories.

My answer, a resounding YES!

YES! Even though there are horrible financial things happening to people, it's still possible for individuals to be successful both individually and collectively if the correct mentality is taken hold of and employed on a daily basis.

Simply put, the circumstances we currently see in the global marketplace and economies is something that is now out of YOUR hands. The only preparation that YOU can make is the consistent studying and practice of the wealth mentality to ensure the proper financial wisdom and an opportunistic, positive mindset.

Remember the above chart that we talked about in Wealth Mentality vs. Lack Mentality: Part I?

We are now going to focus on the last 4 attributes of the wealth mentality and in doing so, we will find that many of differences between the wealth and lack mentality may seem incredibly subtle at first glance. Yet, these simple principles offer compounding results when practiced regularly and can make a dramatic difference in your life if you put them to the test.

5. measure your progress

Can you imagine a world with no feeling of accomplishment?

The feeling of accomplishment is a powerful motivator for even the least goal oriented individual. Who doesn't love the feeling associated with starting, working at, and completing a certain task...right?

For this reason, I am a huge advocate of measuring even the smallest of accomplishments when I utilize the Wealth Mentality. Even small daily chores like eating, washing dishes, and yes...using the bathroom should give you the feeling of accomplishment throughout your day (stop laughing!).

It may seem a silly thought at first, but teaching yourself to feel this accomplishment has two very basic, yet very important results.

First, you can use this sense of accomplishment to measure the overall productivity of your day. If you have a checklist of certain tasks (which you should), then checking them off as you complete them should give you a quantitative way to measure the productivity of your day.

Second, you will be able to let that feeling of accomplishment compound and build more positivity in your life. Our average day is bombarded with negativity from every type of media or common interaction. This negativity can sometimes stifle your creativity and motivation. By continually teaching yourself to feel positivity and excitement after successful completion of your tasks, you will offset any negativity you may come across.

6. be deadline driven

Pressure can sometimes be your best ally.

I absolutely love how nature gives us prime examples that we can draw upon and use to entertain our philosophies. For instance, the high amounts of pressure exerted on carbon-bearing materials can create the ultra-valuable diamond.

In much the same way, allowing yourself to be placed in certain situations of pressure can develop valuable skills, abilities and character that you could never develop otherwise. This brings us to the topic of deadlines.

I am a huge fan of setting definite deadlines when in the pursuit of any goal, and therefore, deadlines are crucial for you to implement if you want to benefit from having the wealth mentality.

Any goal without a sense of urgency will rarely be accomplished. You and I both know that procrastination is the killer of dreams.

The easiest way to avoid any type of procrastination is to formulate a definite deadline for your task or goal and stick to it with an emphasis on finishing the task EARLY. It's important to emphasize finishing early so the thought of procrastination never beats your motivation.

One simple way to do this...give yourself a reward for finishing the highest priority task in a given day. You can make a bet with yourself resulting in more free time at the end of the day upon completion of the highest priority task and reward yourself by spending more time with your family or friends.

Of coarse, any reward can be used for beating your deadline to a specific goal. I just happened to use friends and family as an example because they should be high on your list of priorities.

Next time you decide to take on even the smallest of tasks, be sure to at least set a mental deadline. Bigger and higher priority goals should be worthy of a full blown blueprint with a deadline so specific that even the exact minute you should complete it is accounted for.

7. work hard

There is no substitute for hard work when we discuss the Wealth Mentality.

First, let's discuss a great definition of work. Work builds things. Work is definite progression towards a specific goal with a deadline for accomplishing that goal. Work has a high probability of generating wealth, in this case monetary wealth.

Remember this fact next time you sit down to do a task. Is checking your email work? Is taking that client out to lunch work? Is researching that new iPod work? Take note of your daily activities and you will be amazed when you review your results only to see that the vast majority of your "work day" was not spent working.

Now, if your goal was to earn more wealth by either getting a raise or getting a promotion, your work would either require more time of you or be more valuable to others. Otherwise, you would not be working your way towards wealth.

However, there is one more way to "work" your way to wealth. It's a secret that a seldom few people ever think about or explore. It's the concept of leverage, and it is the most efficient way to work your way to wealth.

We will touch on leverage in another article, but for now the takeaway concept is that your work must be directed towards building something that has value, whether that be a service or a product (or someone else's services or products) is up to you.

8. play hard

What good is having an abundance of wealth if it doesn't allow you to have an excess of finances as well as your most important asset...time?

You see, the basic concept of wealth is that there is an abundance of some sort. Monetary wealth is obviously the abundance of money, but wealth comes in many forms.

The most valuable form of wealth comes in the abundance of free-time. This sort of wealth is usually built through various methods of leverage (no surprise why most wealthy people have stocks, bonds and other assets that provide leverage), but obviously, free-time is paramount to our happiness as individuals.

Just like many things in nature, there is a delicate balance between hard work and hard play that we must maintain if we wish to take hold of the wealth mentality.

Too much work, and we become less efficient in our goals and progression. Too much play, and we lose sight of our goals and fall into the traps of procrastination and other motivation-busting emotions.

The key to this step as well as the previous seven is balance and efficiency. As you go through your day, take hold of these 8 principles of the Wealth Mentality and watch your levels of success in everything improve daily.

In Wealth Mentality vs. Lack Mentality: Part I we started discussing attributes seen in those possessing the wealth mentality.