Millionaire Habits That Will Change Your Life
Sounds like a lot right?
After doing some math, I found that this is only 0.25% of the world's population.
This sounds truly special - being in the top 0.25% of the population!
So how have so many people reached this 'millionaire status?'
There are a plethora of reasons that people have managed to reach this stage.
Depending on where you look, different people will tell you different things:
The truth is, there are multiple paths to the same destination - there isn't a one-path fits all to becoming a millionaire.
With all these millionaires, however, there are some underlying habits that they all live by.
You may even be surprised that you already do at least one of these habits.
Ever since I was a kid, I've disliked reading.
I had already gotten into entrepreneurship and heard of a lot of people reading books but hadn't yet made the conscious effort to start doing so.
I used this as a way to see what the hype was about.
Safe to say, I haven't stopped reading since then.
It felt like I had opened up the right side of my brain - the side I haven't used for a really long time.
Ideas, creativity and imagination filled my mind.
Ever since then, I made the decision to read a book a month and I haven't stopped yet.
When you make the decision to get into entrepreneurship, you're accepting the fact that you're walking into unknown territory.
You will be a small fish in a massive tank, where nothing is familiar.
This is why it is your duty to learn continuously and stay ahead - the easiest source of knowledge are books.
Tony Robbins once said, "A book is someone's whole life experiences compressed into some pages."
What better way to learn from the lives of those who are millionaires, the lives of those that have made it to where you want to be.
Write Everything Down
I find writing one of the best things you could ever do.
Writing allows you to sit down with your thoughts and put them down on paper.
It allows you to make whatever you're feeling in your head real, communicating it to the universe.
Lots of people are always stuck overthinking and worrying.
Although these are completely natural feelings, too much can mean that you're completely distracted from your goals.
Ray Dalio says that "If you're not worrying, you need to worry - and if you're worried, you don't need to worry."
You can write about your feelings, your worries, your emotions, your goals, your life and so much more.
When I first started writing, I started by taking notes of when certain events unfold in my life.
For example, when I finished my A-Levels early because the pandemic had led to a lockdown, I wrote that on the 17th of March 2020, I had finished school for good.
From there, I kept documenting my life.
I started to write down my goals, write down the things I'm grateful for, and the things I want in life.
Interestingly, I struggled to create a list of 100 things I wanted.
When everything is stuck in your little head, it's very hard to group things and organize them.
Taking the load off your mind, and putting it down on paper gives you peace of mind that it's not going to go anywhere and you can come back and reorganize your thoughts later.
You know what the best part is about writing too?
Start small - start by writing down some goals you have on paper and then write some action steps on how you're going to achieve them.
Remove Unproductivity From Their Lives
Before going all out on business and making it part of my life, I was what you might call 'lazy.'
According to Gary Vee, "You're not lazy, you just don't like what you're doing."
And it was true.
I disliked school and so I used games or TV shows as a way to escape that reality.
When school finally finished, I thought that I can now do exactly what I've always wanted to do and play PS4 nonstop.
Turned out that this was farther from the truth than I thought.
Once I finally decided to pursue my dreams, I had to make sacrifices that will pay dividends for the rest of my life.
These sacrifices were:
- Retiring the PS4
- Stop overusing social media
It's almost impossible for us to completely stop using social media - after all, if you're an online entrepreneur, chances are you need social media.
It was the best thing ever.
When we wake up and use our phones, we immediately put our bodies and minds in a state of reaction.
Instead, we want to own our mornings and not succumb to the digital world.
When you're not doing anything, you may feel like you have to go on your phone - stop doing that too.
When I'm outside on the train, or the bus or sitting outside in general, I tend to see what people's habits are.
I've failed to find one person who doesn't drown themselves in their phones when they feel like they have nothing else to do.
It's become human nature.
I challenge you to try this out.
Remove anything that wastes your time and makes you unproductive for the next week.
Come back and let me know how it felt in the comments below.
Get Enough Sleep
If you're anything like me, you love your sleep.
I've recently adopted a new mantra:
If it doesn't make me healthier or wealthier, stop it
The first step of becoming healthier is getting enough sleep.
I've always struggled to sleep early enough and wake up early, but since school finished, it has become extremely hard to wake up early without something forcing me to.
Without enough sleep, you'll feel tired and not able to focus too well on your work.
The same holds true if you get too much sleep.
You might hear lots of people talking about how they work 16 or 18 hours a day, getting 4 hours of sleep.
All you have to do is ask them how much work they get done to realise that this is not sustainable.
Research shows that after a few days to a week, those who get little to no sleep have worse focus and attention spans than a drunk person.
Preferably, you would want to get around 8 hours of sleep.
It largely comes down to your chronotype - a test that I did a while back that let me know the conditions that my body works best in.
You might find yourself tired or unhappy trying to live someone else's life.
Someone who tells you that you need to wake up at 5am, and that you have to work 12 hours a day.
This doesn't hold true for everyone - you have to figure out your optimal levels and adapt your sleeping habits accordingly.
When I first got into entrepreneurship, I had a goal to make $10,000 per month.
I initially had thought that making crazy numbers is only for the most innovative and inventive businesses - this is true.
What I didn't know is, that innovation is different from invention.
Innovation is easier to do than invention.
To innovate, you just have to solve a problem in a better way than what is currently on the market.
The better you solve this problem, the more you could make.
Over time, I started to realise how small I was aiming.
I would read books such as 'The Millionaire Fastlane' by MJ DeMarco - the book that I recommend to any and everyone - 'The 10X Rule' by Grant Cardone which is a lot for motivational purposes.
Grant Cardone always talks about how you should aim for 10X.
If your goal is $10,000 per month, aim for $100,000 per month.
I even have a card on my wall with affirmations which I had to apply this rule to because I felt like I wasn't working hard enough because my goals were just too small.
After I increased my goals, I got more creative - I started seeing more opportunities.
So I 10X'd my goals again and again.
The bigger your goals are, the more you'll look outside the box to achieve them.
My goals are now 1000X what they used to be - and I'm more confident I can reach them.
After all, life wouldn't be very interesting if your goal was to only get to $10,000 per month.
Elon Musk says "Ask yourself: How do I accomplish my 10 year plan in 6 months? You'll probably fail, but you'll be a lot further along than the person who simply accepted it will take 10 years."
So, reflect on your goals and ask yourself if these are goals you've set for yourself because they're high, or because you're afraid to aim higher and fail.
After setting the goals, all there's left to do is achieve them.
Never Give Up
This should go without saying - don't give up.
No one said that becoming a millionaire was easy.
If it was, more than 0.25% of the population would be millionaires.
You're going to fail.
Maybe more than a few times at least.
I've wanted to give up so many times.
Even now, working on Condesnr, I still question if this is what I should be doing. I've edited my CV a few times over the last year and a bit because I thought that It's time to be realistic.
But then it always hit me - what else am I really aiming for, if it isn't my dreams?
For me, it wasn't about proving a point, it wasn't about gaining a social status as much as it was about truly wanting it.
I truly wanted to achieve my dreams because I couldn't imagine what else I'd be doing if it wasn't this.
Listen to success stories, stay motivated and remind yourself why you chose to pursue this path.
Don't give up.
Till next time,
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