Majority of millionaires are not born wealthy; rather they are self-made. In a survey by Fidelity Investments, about 80% of people with a net worth of $1 million (or more) reached their status without a trust fund or an inheritance.
They have habits which helped them to acquire wealth. Your daily habits can either make you rich or poor in this life.
Here are 6 habits of self-made millionaires:
Self-made Millionaires Are Readers
If you intend to be a millionaire then you need to be a vast reader. You must immerse yourself in plenty of knowledge- filling books. According to Tom Corley, "85% of millionaires read two or more books a month; and they choose books that help them grow; including topics like careers; biographies of successful people; self-help; health; current events; psychology; and leadership."
If you can commit 30 minutes to reading on a daily basis; you would distinguish yourself from your peers with your knowledge base and skills.
Self-made Millionaires Pursue Their Passion
Due to the economic status of a country people tend to pursue careers for their stability. From a tender age children are taught to pursue careers that can put food on their table. But the millionaire- minded individuals pursue their interests and passions.
Self-made Millionaires Have Mentors
They attribute their success to having mentors. Having a successful mentor in your life can put you on fast track to success. Your mentor is someone you trust, admire; and respect to lead you to success in life. And he/she teaches you daily success habits. It must not necessarily be someone you know. Sometimes your mentor could be derived from books on successful people.
Self-made Millionaires Set Goals
Firstly millionaires dream; and picture what their ideal life should look like; and they write it down. Then they set up goals they want to achieve to attain their dream. They write-up to-do-lists on daily basis towards achieving their goals. Next they take action towards their dreams.
Self-made Millionaires Make Multiple Streams of income
They have multiple streams of income because they don't want to rely on only one source; and then succumb to the economic downpours which happens in life. Multiple streams of revenue include stock market investments; royalties; private equity investments; real estate rentals; and part ownership in side businesses etc.
Self-made Millionaires Avoid Time Wasters
They believe time is an investment. They don't give themselves to activities that do not yield monetary value. Many of them spend less than an hour watching television per day. According to Corley, "63% spent less than an hour a day on the Internet; in social media activities; or streaming movies to pursue their dreams, goals, and network."
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