5 Habits of Millionaires to Build Wealth
Almost 80% of the world's millionaires are self-made and a large part of their success comes down to the tried and tested small habits that they've used to build wealth. So, in this blog I wanted to share five of the most actionable habits that is going to help you increase your income, make you more productive, get you clear on what you want out of life and cut out the distractions that are holding you back. The best bit they cost virtually nothing to implement.
1. Create the Right Environment
You may have heard of the saying "if you're the smartest person in the room then you're in the wrong room" this is something that you should try to apply in your own life because after this you will know how much the environment that you're in and the company that you keep can impact your perception of reality. Ultimately what you believe is achievable when you surround yourself with people who are kind of just coasting through life.
Who always complain about how hard everything is. They always find an excuse or reason not to do something. It's really easy to get pulled into that same sense of complacency. You start to subconsciously adopt their mindset. As the norm this is just the way things are.
But when you consciously make the choice to spend time with people who are a few steps ahead of you. Who are trying to do more, want to achieve more, hungry to learn. That's when things really start to shift in your own life as well. Suddenly you're exposed to a whole new realm of what's possible.
Example: David first started trying to build an online business. At the time he wasn't making anything at all, he stumbled across someone who was making 10K per month and he was completely blown away. He didn't even think, that kind of income was possible to make online and it just opened his eyes to what could be achieved. And then as David kept leveling up his own skills.
Seeing his results get better, he started seeing people making 100,000 per month or even someone making a million dollars in a single month. The things that had once seemed completely out of reach for him started to feel more doable. When he had more and more touch points with people who have already done the thing. He has really found in his own life just by surrounding himself with those kind of people who are high achieving, really focused on self-growth.
Exponentially there's so much you can learn just by being around the right people. They give you so much energy and keep you going. When the journey gets difficult you could just bounce ideas back of each other and they kind of just understand it.
2. Read Books
Even if you don't know any millionaires or people who have achieved Financial Freedom you can still get access to your role models through books. Reading books that are written by really successful people, it's like they're sitting right next to you sharing all their knowledge and their wisdom with you.
We live in a world with a lot of short-term gratification. You get quick hacks, quick tips on Instagram or Tik Tok in a 60sec video but you rarely get to go deep with a book. You really get the chance to go further on any given topic. Understand it from start to finish even if you feel like you don't have the time to read. Just stack it with something you already do in your day-to-day. You can listen to audio books whilst you're doing something else. You could listen to a book whilst you're doing the dishes, going for a walk or you're at the gym. There's so many times in a day where you can just habit stack reading with what you're already doing.
Another reason why people don't enjoy reading is because they haven't found the book or the thing that they want to read. So, they're not really excited about it. If you have a list of books that you're excited about whether it's how to find love, how to get better with your personal Vance, how to meditate.
3. Pushing out of Comfort Zone
Our comfort zone is basically just a self-imposed limit. It feels safe but it's actually completely holding you back from reaching your potential.
Example: Imagine you've always loved writing, but you've never shared your work with anyone. You've kept your stories and poems hidden in a notebook, afraid of judgment or rejection. To step out of your comfort zone, you could decide to join a local writing group or start a blog. This would expose your work to others, potentially leading to feedback, connections, and even opportunities to publish your writing.
4. Saying No
Get into the habit of saying no. A lot of people find it hard to say no but successful people understand that. Time, energy and money are finite resources, they're not unlimited. So, it's really important to consider whether the thing that you're committing to truly supports the life that you're trying to create.
If not and if it's using up one of those three resources, you need to be willing to say no when it matters. Because at the end of the day your life is just a sum of all the choices that you've made. All the choices that you made have been dictated by whether you've said yes or no to any given thing at a point in time.
For every yes there is a trade-off for something else you can't do. For instance saying yes to a girl's trip to a place might mean saying no to saving money for a dream home. Saying yes to watching another episode of your favorite TV show might mean saying no to putting in an extra hour into your side business that you've wanted to work on.
When you're faced with a request or an opportunity pause and ask yourself does this align with my priorities and the vision I have for my life. It might be uncomfortable to decline requests but protecting your time and your energy is what you really need to do to live the life that you truly want.
5. Have a Growth Mindset
Most people when they have an idea or something that they want to pursue. They will immediately find all the problems or the reasons why they can't do it. It's like their brain just automatically goes into this defense mode focusing on all the things that are outside of their existing skill set.
Someone will say something like "oh, I want to create an app but I don't know how to code and so therefore I can't create this app" and then that's it, it just stops there. They completely shut down the idea without even considering the possibility of learning new skills. But the people who are truly successful have really made a lot of money or are the most successful in the field. They have this completely different approach when they have an idea, their mindset is just "okay, I wantt o do this thing, how am I going to make it happen, what do I need to learn in order to make this thing happen, what are the specific skills or knowledge that I'm missing and then how do I go about acquiring them". To get this thing done, they see every single obstacle not as a dead end but instead as just another challenge that they need to overcome. It's all about this shift in perspective. Instead of letting your lack of existing knowledge hold you back or your circumstances hold you back or your excuses hold you back. Get excited about the prospect of challenging yourself almost everything in life can be figured out. The more you start to see Solutions in every challenge you have rather than a problem that's stopping you from getting there.
So, these are five millionaire habits that really can
change the trajectory of your life.
________________________________________________________Thank you !
