5 Powerful Habits Of Self Made Millionaires

Do you dream to be a millionaire? Have you ever wondered how millionaires are made? Today, I will share with you 5 powerful habits of self made millionaires. So, you can start walking on the path today.

Think about where you are in your life…

Your present state is the result of your past decisions and habits compounded over time. And the decisions and habits you form now are going to result in your future.

We are what we repeatedly do.

Did you know that 86% of millionaires said they made their own wealth? They didn’t inherit it.

Current projections are that 1,700 new U.S. millionaires are made every day.

You see…

Self made millionaires are not made by an event or chance. They are made by a process.

And what determines that process?

Your habits. Things you do on a daily basis.

If you fix the small bad habits that you have, the easier it will be to achieve success.

Here are the 5 powerful habits of self made millionaires… 

1. They Add Value First

This is a habit that all self made millionaires share. But, it is quite often overlooked.

I learned this one through experience.

So, I am going to share with you a story from my younger days.

When I was starting out…

I had a lawn mowing business. And I was struggling to get new clients.

So, I knocked on every door in every neighborhood and said: “Hey, can I mow your lawn?”.

Guess what everyone had to say in response? That’s right. They all said “No”.

One day I saw this lawn and it was full of tall and unkempt grass. It was really messy.

After checking, I realized that the owners weren’t home. And I did something dramatic. I mowed the lawn for them.

Then I sat on the porch and waited for the owners to come back. When they came back, they drove by the house. They didn’t even recognize their own house at first.

When they finally did, I heard a lady shout: “What the hell is this?”. 

She looked at the lawn and saw me on the porch, and asked me, “Oh, did you do this?”.

“Yes. I saw that the lawn was very unkept. I just did it for you. Thought you were busy.” 

I added that I’m just a young kid trying to get started in the business.

She was surprised but was so grateful that she paid me my first $100.

You see…

When you add value first, it’s easy to get business.

Always remember:

2. Choose Their Company Wisely

You may have heard: A person is known by the company he keeps.

Winners are attracted to winners. We become like the people we associate with.

Self made millionaires live by those words. 

You see…

People who are more successful can expand your thinking and catapult your income.

So, consider spending time with people with more money.

Self made millionaires know the importance of building contacts.

The right people can make the difference between a life of average success and one filled with uncommon opportunity.

Thomas Corley wrote a book Rich Habits: The Daily Success Habits Of Wealthy Individuals.

He spent five years monitoring and analyzing the daily activities and habits of the wealthy and the poor.

He wanted to find what rich people look for in their company.

Here are a few traits he found:

• Good habits
• Positive mental outlook
• Trustworthiness
• Encouraging attitude
• Loyalty
• Financial stability
• Hard work ethic
• Individual accountability
• Strong willpower and discipline
• Passion and enthusiasm
• Gratitude

Ask yourself…

Who do you surround yourself with? Do they add something to your life or not?

Or worse…

Do they waste your time?

That leads me to the next habit…

3. Self Made Millionaires Value Their Time

Let me ask you a question…

What is entrepreneurship?

I define it as a conversion process. Conversion of your knowledge, talents, guts, intelligence, experience, through the investment of time into money.

So the very first thing you have to do is… Don’t think of time as just time.

Think of time is an investment.

Remember…

Every decision that you make is an investment of your time.

And how do you manage your time?

I believe…

It is about managing emotions, priorities, and knowing what to do at any given moment.

You cannot manage your time if you cannot manage yourself. The big thing for me is eliminating the non-essential items from my to-do list. And have just a few key items to focus on.

Self made millionaires consider time as their most valuable asset.

And if you want to emulate that, you can’t be willing to give it away to others freely.

Why?

Giving away your time prevents you from prioritizing your own wants and needs. It’s like making deposits in everyone else’s bank accounts.

One of the biggest mistakes you make in life is having a poor use of your time.

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