March 25, 2018 | Biz Info

Daily Archives: March 25, 2018

10 Habits of Self-Made Millionaires

These are the 10 nuggets of gold – Habits of Self-Made Millionaires. Statistics show that these are the common straits of such people, regardless of whether they are born rich or poor. What sets millionaires apart from the average people? Were they born into the right family? Did they strike the lottery? Research shows that they have these traits in common.

1) Thinking in Abundance

There is no shortage of money on this planet, only a shortage of people who think correctly. As you are reading this, there is $2.3 TRILLION dollars circulating 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 5 people you spend the most of your time with. As 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, host 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

Did you know why you don’t see ads on Lamborghini on TV? It is because the people who can afford them don’t waste time sitting on the couch!

5) Multiple Streams of Income

The rich people have multiple streams of income and don’t just depend on one. Income streams could be from property rentals, investment in stocks, royalties from book authoring, full time jobs, side hustling, hosting webinars, etc.

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 generosity.

7) Have an Exit Strategy

Everytime you hear someone become a success overnight, it is backed by effort and turmoil. Ultimately, all the multi-millionaires and billionaires get their 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

This is the most time tested vehicle to creating and protecting your wealth since centuries ago. 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 Readers

For the rich and successful, learning never stops even after graduation.

10) Always be Hustling

All the tips, tricks and trade secrets won’t amount to anything if you just sit around and do nothing. As you see, successful people are not necessarily smarter or more talented. They simply hustle or work more even when the going gets tough.

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