Do you invest regularly? Have a part time job? Are you persistent? Decisive? If so, you could be on the right track to become a millionaire. Of course, everyone’s situation is different, but if these routines, habits, and personality traits describe you, you are doing something right.
You have several streams of income : the rich “do not rely on a single source of income,” he wrote in “Change your habits, change your life.” “Sixty-five percent have had at least three revenue streams they created before making their first million dollars,” says Corley, such as renting real estate, a hustle or a part-time job.
“Investing money is the way you will become super rich,” says the self-made millionaire Grant Cardone. “The only reason to save money is to invest one day.”
In fact, how much you save and invest is often more important than the size of your salary. As a specialist in personal finance, Ramit Sethi writes in “I’ll teach you how to be rich”: “On average, millionaires invest 20% of their income in their household every year, their wealth is not measured by the amount that they win every year. they saved and invested over time. ”
You surround yourself with high-performing people “In most cases, your net worth reflects the level of your closest friends,” Business Insider. “We become like the people we associate with, and that’s why the winners are drawn to the winners.”
You are decisive After studying more than 500 millionaires, the journalist and author Napoleon Hill found that they were decisive. “The analysis of several hundred people who have accumulated the fortunes well beyond the million showed that everyone used to make decisions quickly.
“Those who make decisions quickly and definitely know what they want, and usually get it.”
You are open-minded “The person with a closed mind on any subject rarely advances,” Hill writes. On the other hand, the most successful people are constantly looking for feedback and looking for ways to improve. That’s why so many business leaders, including billionaire Richard Branson, claim never to have “succeeded”, despite their unbridled success. This state of mind is what separates the middle class from the millionaire class.
You have specific goals for your money If you know exactly what you want, you are one step closer to achieving everything you aim for.
Most self-taught millionaires intend to get rich and get there, Corley’s research concludes. Eighty percent of the rich are “obsessed with the pursuit of goals,” both daily and long-term, he writes.
You’re persistent – “Most of us are good beginners, but poor finishers of everything we start,” Hill writes in Think and Grow Rich. The majority of people “are inclined to give up at the first signs of defeat,” he says, but not the rich, who do not stop until they have what they want.
“If the first plan you adopt does not work, replace it with a new plan, if this new plan does not work, replace it with another one, and so on, until you find a plan that works, “says Hill.
You talk about ideas, not things “Millionaires are creative,” says Keith Cameron Smith, author of “The Top 10 Millionaire and Middle Class Honors”. “They spend time thinking about new ideas.”
While the masses talk about cars and movies, millionaires own car companies and produce movies. They understand that “ideas are the most valuable asset in the world,” says Smith.
You prefer books The rich “prefer to be educated than entertained,” writes Siebold in “How Rich People Think”.
They appreciate the power of learning long after college or any formal education completed, he explains, “Enter the home of a wealthy person and one of the first things you will see is an extensive library of books that they have used to educate themselves on how to become more successful. The middle class reads novels, tabloids and entertainment magazines. ”
You ‘re comfortable taking calculated risks While the middle class lives in fear of risking too much, millionaires know when to go, Smith says.
That does not mean that the rich are naturally fearless and take risks blindly, he notes: “Millionaires overcome fear and knowledge, millionaires educate themselves before taking risks, then they consider the consequences of failure. ”
You think big If you set your expectations exceptionally high and are ready for any challenge, you’re on the right track. After all, “no one could ever get rich and live their dreams without great expectations,” writes Siebold.