10 Habits of Self Made Millionaires
What sets millionaires apart from the rest of the average people? Were they born into the right family? Did they strike the lottery? Our research shows that most millionaires have these in common.
#1. Thinking in Abundance
There is no shortage of money in this planet, only shortage of people who think correctly about it. As you are reading this, there is 2.3 trillion dollars in circulation around the globe everyday and that amount is destined to grow throughout time!
#2. Surround Yourself with like Minded Individuals
You are the sum of the five people you spend most of your time with. At the risk of being portrayed as arrogant, rich and successful people value their network of friends because rich people build rich networks.
#3. Shift Focus from Spending Money to Making Money
Instead of becoming a consumer become a producer. Instead of buying more sell more. Instead of attending seminars hold seminars. Instead of buying books sell books. You get the idea. Not that there is anything wrong with consuming, it is simply that rich people produce more than they consume.
#4. No TV!
Do you know why you don’t see ads for Lamborghinis on TV? Is because the people who can afford them don’t waste time sitting on the couch!
#5. Multiple Strings of Income
You will make your millions much faster and less risky than depending on just one source of income (it’s better not be your day job!)
#6. Be Generous
The truly rich people think about serving others and giving back to the community. The currency of real networking is not greed but generousity.
#7. Have an Exit Strategy
Every time you hear someone seemly become a success over night, it is actually backed by effort and turmoil. Ultimately all the multi-millionaires and even billionaires get their biggest break when they sell their business away – which is actually the ultimate exit strategy. WhatsApp was started in 2009 and sold for $19 billion in 2014!
#8. Get into Properties
Also known as wealth 1.0. This is the most time tested vehicle to creating and protecting your wealth since centuries. If you really don’t know what to do with the excess of your money, you cannot go wrong putting them in properties.
#9. Leaders are Reader
For the rich and successful, learning never stops even after graduation.
#10. Always be Hussling!
All the tips, tricks and trade secrets in the world won’t amount to anything if you just sit around. As you can see, successful people are not necessarily smarter or more talented, they simply hussle more and don’t dispair easily even when the going gets tough.