Tag: how to achieve goals

10 Habits of Millionaires

Are you interested in what it takes to become a millionaire? Here are 10 habits that many millionaires practice every day:

Exercising

Exercise is a good way to take care of your body. You physical state of being affects your mentality. When you exercise, you release endorphins, serotonin, and dopamine into the brain. When this occurs, you feel happier and are in a better mood.

Daily exercise is a good way of maintaining a healthy emotional state. It helps to eliminate brain fog and allows you to think more cleaning. Even something as simple as going for a walking gets your body in action, and that in turn helps your mind to become action-oriented.

Mapping out a plan for future goals and maintaining flexibility

When you have large ambitious goals, it is best to break up the goals into smaller active steps. To give an example, if you were to create your own business and hope to make millions of dollars from it, you may first want to focus on getting your first $1000 dollars for the first month. If you’re new to working out and arm weak in the arms, you may want to first start with lifting 5 lb. dumbbells. This all depends on your level of experience.

Even ambitious people know that it’s important to start of small and build up. And of course, it’s nice to reach for higher goals. You just need to figure out the path to get there. Also, you should be a little flexible and realize that just because one way doesn’t work, doesn’t mean that there is no other path to pursuing your dreams.

Multiple streams of income

This is a concept that many millionaires, multi-millionaires, and billionaires follow. They create various streams of passive income so that they have more time to enjoy all of their favorite activities. It’s a smart way to invest in yourself.

In case you still want to work at your current job, you can still make active income while investing in different avenues on the side. Maybe you could purchase some real estate and rent out the properties. Or, you can take your time to learn how to invest in the stock market.

Having multiple streams of income allows you to have more flexibility. Some ways in which I pursue passive income include creating eBooks, blogging with AdSense and affiliate links, and uploading YouTube videos on various topics with affiliate links.

A book that I’ve found to be useful in my journey of pursuing passive income comes from Think and Grow Rich by Napoleon Hill. It teaches you how to be smart about your daily habits and how to create a concise plan for making money through various streams. It teaches you where creativity in making multiple streams of income comes from. Though, it takes some imagination to figure out how to do that.

Practicing gratitude

Gratitude is a good way of expressing happiness and contentment with life. When we act out of gratitude, we allow for good opportunities to flow into our lives. These opportunities can enhance our lives in many ways, and all we have to do is practice gratitude daily.

Gratitude can be expressed in various ways. Some people like to pray. Some people like to meditate. Other people like to verbally express their gratitude in the morning. Still, others like to write down a list of things they are grateful for in a pre-written or blank journal. I use a book called The Five-Minute Journal to express my gratitude and use positive affirmations. It is meant to be use daily for mornings and evenings, and there is an uplifting quote for each day.

Try experimenting with various forms of practicing gratitude until you find the method that is right for you. Practicing gratitude can help you to focus your mind on the good things. It helps you to see that your life is going well, and it helps you to look forward to new projects or adventures in your life’s journey.

Pursuing their passion

We all have different passions in life. Some people (such as myself) may love music. Others may enjoy mathematics. In order to live a fulfilling life, you should actively pursue your passion, skills, and talents.

Pursuing your passion allows you to reach your highest potential. Money comes naturally to those who actively use their passion, their skills, and their talents. For many people, it takes time to build up a good reputation based on your unique abilities. For example if you want to become a good dancer, you may have to take dance classes for a while in order to gain recognition in achieving your ultimate dream. After a while, people may recommend you to dance for music videos or on television.

I’m reminded of Will Smith, when he said it is better to live out your dreams rather than crumble down to a path of mediocrity. Why settle for less when you can enjoy your life right now? Money can become part of the equation once you boldly allow the universe or whatever higher being you believe in to know that you are ready to lead a life of self-actualization.

Reading

Self-made millionaires know that reading is a vital component in obtaining riches. Some people like to finish entire books in one day. Others like to take their time in reading and to gain new knowledge, reading at least one book a month.

When you read, you learn more about the world and you can shortcut your way to success or adventure through reading. You do not have to drop down to the pitfalls of failure. Rather, you can learn how to master your mind and avoid deadly or dangerous mistakes, whether that be financially or emotionally (such as with relationships).

Surrounding themselves with the right kinds of people

As most of the personal development field is aware of, you become the average of the people you surround yourself with. So, you’ll want to make sure that you surround yourself with the rights kinds of people. You don’t want to hang out with just anyone. When you’re pursuing a goal of obtaining riches, you must surround yourself with people who you consider to be A players.

If you surround yourself with people who are unsure about their life, it can hold you back. If you surround yourself with people who obsess over drama and are not proactively taking care of their life, you may succumb to similar activities.

Your environment is just as important. Imagine as if you’re in a room filled with dirt and carcinogens in the air. You can try your best to maintain a positive outlook. However, you will breathe in that smoke and dirt, and that is not good for your state of being. You want to make sure that your environment and the people you spend your time with contribute to a higher sense of purposeful life.

Taking calculated risks and investing in themselves

As entrepreneurs, millionaires like to take calculated risks. That is, they are careful as to how they spend their time and money. They like to invest their money into ideas that will benefit them in the long-run.

Some ways in which you can invest in yourself include buying books, investing in online courses to enhance your skills, and purchasing new technologies that will aid you in your business. You can also get a loan if you think it will help for big business ideas such as running a store or investing in real estate. However, you want to be careful and make sure that you do enough research on it before investing fully.

Taking risks is part of the entrepreneurial path. Depending on your tolerance for risks, you can invest a little, a lot, or in between. I suggest that you start off small before investing too much into something that you are not quite familiar with.

Viewing obstacles as challenges to overcome

We face different obstacles in our life. No two lives are the same, but we all experience similar fates. Millionaires, multi-millionaires, and billionaires learn how to enjoy their life by looking at the obstacles as fun challenges.

In order to obtain riches, you must adopt a higher level of thinking and being. You want to balance between positive and negative states of being. You want to make sure that your actions are reasonable and logical. Dwelling too much on the past or future can lead you to taking no action. But if you start from where you are right now, you can overcome those life hurdles more easily.

Waking up Early

You can learn to be more productive by waking up early. Jump into a morning routine and set up the day for success. If you’re not an early bird, you can either learn to adapt to waking up early in the morning, or you can become a night owl if that suits your needs better. Either way, make sure that you get adequate amounts of rest, whether it’s 5 hours of sleep at night or 10 hours. Listen to your body and figure out how much rest you need in order to wake up early in the morning.

In the morning, you can also knock off your MITs (most important tasks). Once you get the ball rolling, it is easy for you to take on more action. And, you can be more reflective and productive during your extra time in the morning. You can also engage in activities such as reading. What better way to start your day than reclaiming some of your time back? (;