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The 20 Habits of the Eventual Millionaire

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The inside-out approach to success is a process. It’s not a set of quick-fix techniques that can be taught in a short space of time. Or a once off solution like an aspirin or a band-aid. It asserts that the generation of any positive outcome begins by habitually changing the person within. The outcome of being a millionaire-eventually-works similarly. It can be said that you become a millionaire before your bank balance reflects it.

“I always knew I was going to be rich. I don’t think I ever doubted it for a minute.” -Warren Buffett

The wonderful thing about life is how we are able to change and learn new ideals that eventually lead us towards becoming the people we seek to be. However, the listing of what successful people do is not for the purpose of imitating their actions in hope of achieving similar results. But rather a guide one can use as a companion in our continual process of growth and change.  Having said that, let’s jump right into the list, as compiled by renowned hedge fund manager, entrepreneur and bestselling author, James Altucher.

1. Say No:

Saying “NO” gives you more time to read, learn, sleep, ask questions, contact friends and love life.

2. Love:

This is the only religion and the only thing worth surrendering to.This is the fuel for your idea muscle.

3. Make Mistakes

Mistakes are the spell books of success. Study them hard. Learn their incantations. When muscles tear they rebuild stronger.

4. Plant Seeds

Basic Garden Math: 1% of the seeds turns into 50% of the flowers. Plant lots of seeds.

5. Everyday, Avoid death

You can’t get rich from a hospital bed, or a grave. Move everyday, sleep well, eat well.

Read: 5 Easy Healthy Habits Can Make You Better off Financially

6. Stand Next to the Smartest Person in the Room

Harold Ramis did it  with Bill Murray. Steve Jobs did it with Steve Wozniak. Craig Siverstein did it with Larry Page. Kanye West did it with Jay Z.

7. No Excuses

Blaming is draining. Complaining is draining. Explaining is draining. We don’t have inner plumbing for all that draining.

8. Don’t Be in a Rush

Every overnight success I’ve spoken to took 10-20 years to get there. BUT ONLY if they celebrated small successes along the way.

9. Solve Difficult Gratitude Problems

If you can find a diamond in the mud, you’re going to end up with a lot of diamonds in life.

10. Right Now

Regret will waste time today worrying about yesterday. And anxiety will steal energy from the future. Focus on right now.

Read: How to overcome the burden of ambition: Anxiety

11. Write Down 10 Ideas a Day

This actually turns into a super power. If done for six months straight great things can happen.

12. Follow Up

Send the e-mail the next day with an idea on the next step.

13. Ask Questions

There are more questions than answers. Opportunities are buried in the questions. Facts can be outsourced.

14. 1% a Day

Whatever you want to get better at: do 1% more each day. 1% a day, compounded is 3800% a year. You win.

15. Apply Warren Buffet’s 5/25 Rule

Make a list of the 25 things you want to do in life.  Now do the top 5. And NEVER  THINK ABOUT THE OTHER 20 AGAIN. Or else they’ll take time away from the 5 that are most important to you.

16. Sleep

Sleep rejuvenates brain cells, heals the body, reduces anxiety. And your brain is only active 2-5 hours a day.

Read: Two Sleeping Habits That Could Make You a Millionaire

17. Be Around People Who Are Kind to You and Love You

Other people will make you unhappy, unkind and unsuccessful.

18. Do One Thing Everyday You Loved as a Kid

This is usually the fuel that can power your life

Wait, shouldn’t there be 20?

Biggest secret to success=give yourself permission to sometimes be wrong!

 

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Staff Writer
Staff Writer

I'm one of The Money Fam writers. If it's relevant to you building wealth, I write about it.

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