Do you dream of being a millionaire? Wanting to be a millionaire is a goal lots of people have so there has been lots of studies, research projects and books all focusing on how millionaires become millionaires.
Keep on reading to find out the seven traits that most millionaires share
TRAIT 1 – MILLIONAIRES SET GOALS TO ACHIEVE THEIR BIG VISIONS
Most millionaires have a big vision for their life, but lots of other people have big visions too. The thing that separates the people who turn their vision into a reality and those who don’t is setting goals.
Setting goals are key for you achieving success in your life whether it be a monetary goal (like being a millionaire) or a different type of success.
Setting goals and action plans allow you to stay focused. It allows you to break down big visions into action steps and it helps you concentrate on what you have decided is important in your life.
If you haven’t already written your goals down then don’t worry I am here to help. I have created the ultimate #goaldigger guide, which you can access by clicking here.
And you can also read how to set goals using the SMART method here or set goals using the BE, DO, HAVE model here.
Regardless of how you decide to set your goals, just make sure you set them!
TRAIT 2 – MILLIONAIRES WORK WITH MENTORS AND COACHES
Success is not achieved alone and by working with the right people you can drastically accelerate the speed at which you generate success and money. For a long time, coaches were associated with the world of sport but now you can get a coach for everything. Identify the areas of your life that you need help with and then get the right support.
TRAIT 3 – MILLIONAIRES ARE BIG READERS
Most millionaires are committed to life-long learning, whereas many people stop learning the moment they leave the education system. Life-long learning comes in many forms, but reading is most frequently mentioned.
Warren Buffet is believed to spend up to 80% of his day reading and Bill Gates often talks about his love of reading and how it is central to his success.
If you don’t currently have a reading habit then it is time to get one! Start by just trying to read 10 minutes every morning or night. And if you want to take it a step further check out PropelHer’s Book Club. We read and discuss a different book each month so not only will you have someone else choose a book specifically to help you grow, but you will have the opportunity to discuss the book with other ambitious women, which will help you understand the book better and retain more of the learnings. Find out more about joining PropelHer’s Book Club here.
TRAIT 4 – MILLIONAIRES VALUE THEIR TIME
We all have the same amount of time in a day, but we all use it differently. Millionaires understand that time is one of their most precious assets and use it wisely. This means saying no to opportunities. This means scheduling important activities into their diaries first. This means knowing to focus on things only they can do (their zone of genius) and then outsourcing and delegating other tasks.
TRAIT 5 – MILLIONAIRES HAVE MULTIPLE STREAMS OF INCOME
Most millionaires have multiple streams of income. Generating money from multiple sources not only allows you more money to come your way, but it also means that if there is a downturn in one of your income streams you have the other streams still working for you.
TRAIT 6 – MILLIONAIRES BUILD GOOD HABITS
Habits are nature’s way of making life easy for you. Whilst forming a habit can be difficult once it has formed it becomes a routine part of your life without much thought. We all have habits, but millionaires focus on getting good habits. Habits such as exercise, meditation, eating healthy, getting enough sleep etc.
TRAIT 7 – MILLIONAIRES HAVE A STRONG NETWORK OF PEOPLE AROUND THEM
Earlier I mentioned that millionaires work with mentors and coaches, and of course, these people are part of their network. However, this is about your friends, your peers, your partners etc. As Jim Rohn, is famously known for saying “You’re the average of the five people spend the most time with”. So millionaires choose their networks carefully.
