๐ณHave A Vision Self-made millionaires have a clear vision of their life. A focus on an idea or business defines their life. Instead of waiting around for the universe to do the work, they put in the hard work and take the steps to make their vision come true. Take a look at your current life and write down what would need to change in order for it to equal your vision. Make small actionable steps every single day to work towards your goal.
๐ณSurround Yourself With Supporters Often, we surround ourselves with naysayers and people who keep you down because theyโre familiar. But if youโre wanting to become something you arenโt, you need to surround yourself with people who are closer to or on their way there themselves. These people will be supporters to you instead of discouraging your ideas, no matter how improbable they sound right now. Ambitious people feed off each otherโs energy and can help drive you to action. If you donโt have anyone in your life or near you who fit this then do the next best thing โ read about them. Reading biographies of people who have done something similar to what you hope to accomplish keeps you motivated and in the right mindset. You may even pick up glimpses of their business savvy that gives you ideas of your own. Focus on people who had an average life before their success; not someone who was born into wealth and privilege.
๐ณBe Selective With Your Time Stop doing the things that wonโt make you rich. Itโs simple in theory but so much harder to do in practice. While having hobbies and volunteering is good, if you find that all of your free time goes to these activities, itโs time to reassess. There are only so many hours in a day and if you donโt leave enough time to work towards your goals, youโll get nowhere. Always have an outlet for relaxing but perhaps you donโt need to spend 4 hrs playing video games or leisurely shopping every weekend. By redirecting even a fraction of that time towards something that makes you money, youโll be much farther ahead.
๐ณInvest In Yourself Investing in yourself can mean a few different things from schooling to mentorship. After youโve made a plan with the steps you need to take to complete your vision and become rich, assess whether you have any gaps in knowledge. If your vision is to start an online business but you donโt know the first thing about online business, then youโll need to delve into that realm. While many things can be found for free, it often saves more time and energy to purchase training from an expert in the field.
๐ณDonโt Look For Quick Fixes Get rich quick schemes are just that, schemes. If the money was quick to be earned, itโs also probably quick to be lost. Building generational wealth takes time and is more stable when done with a series of tried and true investments. Stay away from unproven startups and investment โopportunitiesโ from your buddies if youโre serious about building wealth. Millionaires who started from nothing often found themselves with a passion and clear goal of what they hoped to accomplish. They focused solely on their goal and werenโt looking to take a shortcut.
๐ณInvest Your Earnings Wisely Most millionaires invest in either real estate or the stock market, often both. Now before you start throwing your savings into either of these, itโs important to have a complete understanding of what youโre investing in. Meet with a financial professional or immerse yourself in literature about either of these. Your goal is to gain a complete understanding of the investment vehicle youโre leaning towards. If you donโt understand it, hold off on investing in it until you do.
๐ณAlways Keep Learning Self-made millionaires never stop learning. Having a true curiosity about life and a desire to learn is what made many millionaires successful. Donโt think this means you have to go to college. In fact, many self-made billionaires dropped out of college before finishing their degree. No matter what field you want to enter, learn everything you can about it. Follow the experts who have proven success and learn from their early mistakes.