Have you ever wondered why some people tend to become a millionaire and some even struggle to live an average life? Well, it’s all because of their habits and willingness to do something big. Here in this blog, I’ll share a few habits of self-made millionaires from a book by author Brian Tracy. Let’s see whether you have these habits or not. And If not, you must start working on them ASAP. And I’m quite sure these habits will make you successful.
Author Brian Tracy was very poor when he was a child. His dream was to achieve financial freedom and become a millionaire before the age of 30. But from childhood to the age of 30, he couldn’t become a millionaire. Even he was struggling financially. Then he started thinking, what is he doing wrong that he is not getting success.
After that, he started searching and asking about the secrets and habits that help someone become a millionaire. Habits by which the average person from a poor family, who is not very smart or talented, also becomes a millionaire. He studied this topic for years and got many answers like; this is the best era to become a millionaire. Because the number and speed with which people are becoming millionaires at this time have never happened before because today, there are many opportunities.
Through his studies, he found many answers and secrets to his questions. And after following them, he finally became a millionaire. Today his net worth is $15 Million. He came to know that millionaires have certain qualities, attitudes, and habits that help them become millionaires. Most people don’t have these habits, and earlier, he didn’t have had either. These habits were the main reason that he didn’t succeed earlier.
The best part is we too can learn and develop these habits and can become millionaires. Therefore, today I will share some habits, secrets, and qualities that the author acquired from his years of study.
Habits of Self-Made millionaires:
Below are some habits of self-made millionaires that you can follow to become a millionaire too.
1. Back from the Future
Dreams. The first step to fulfill your dream is not to make plans, or make decisions, or build a team. The very first step is to dream and dare to dream big. And sadly, despite it being easy, most people don’t do it. You might have noticed that if you talk about dreams, they will find it funny. And this is the reason they are unable to do big things.
The author says that you should dream big and even bigger. And for doing this, you can use this technique called Back from the Future, used by many successful people. It is one of the basic habits of self-made millionaires.
And to use this technique, you have to imagine 5years ahead in your life. Imagine that your life is perfect from all aspects. Then, what would your perfect life be like, and what would you be doing? Like how much would you be earning? And what will be your bank balance? And what would be your lifestyle? Etc. So, try to build this habit in yourself and dream big.
2. Self Employed
You must have heard about the Molai Forest in Assam, named after Jadev Molai Payeng, the forest man of India. He alone planted trees for 30 years when no one took him seriously. And today, it has become a forest of 1,360 acres. It was the power of one person’s responsibility, despite blaming others.
Most people do not get success in their life because they think that others are responsible for every situation in their life and always blame others. And when they think that everything is happening because of others, they won’t take any action for that. As stated by them, nothing is in their control. And on the other hand, a person who takes responsibility for every aspect of their life and starts taking action is the one who becomes successful. It is one of the habits of self-made millionaires.
Believe me, the attitude of taking action and responsibility have the power to change the world, and being a millionaire in front of it is a small thing. So, make this habit of taking 100% responsibility for yourself.
3. Work Harder and longer
If you actually aspire to become a millionaire, then you must follow this 40 Plus Formula. If you are working 40 hours a week like others, it will only help you earn a living, which means an average life. But the efforts that you will put above those 40 hours, those extra hours, and hard work will decide how much you will be successful in life.
Normal people want to work 5days a week and 8 hours a day.
On the other hand, self-made millionaires work for an average of 59hours a week, and some work for even 70-80hours. So, normal people are working 5×8=40hours, and they work for 59hours on average, and this difference always keeps them ahead. And this, in the end, makes them millionaires. It is one of the habits of self-made millionaires.
Always remember that your success is hidden within those extra hours and extra hard work. Never get afraid of going the extra mile compared to others because, on that extra mile, you’ll see less traffic and less competition. So make it a habit to work longer and harder.
4. Lifelong Learning
Eternally commit yourself to lifelong learning. Most people think that learning is up to school and college, and after that, work-life begins. Where they only need to work to receive a salary. But, millionaires know that real and actual education begins after school and college. Hence, they always favor lifelong learning. It is one of the habits of self-made millionaires.
The author says that lifelong learning is the merest obligation to become a self-made millionaire. Learning is essential so that we can get the fittest opportunities at the appropriate moment. You need to spend at least 30min to 1hour learning daily to gain knowledge. You can do this by reading books, watching valuable videos, listening to audiobooks, etc. So, make this habit of learning daily.
5. Power of Trust
For every individual or building a successful business, trust plays a major factor. Because people help, do business, buy products and services, etc., with people they trust. The author says that success depends upon the number of people who trust you. It is one of the habits of self-made millionaires.
The most reliable route to becoming trustworthy is, to tell the truth. And in the long run, people will respect you, and your opportunities for becoming a millionaire will also increase. Suppose that, for everything you are doing or anything you are telling, someone is watching you. This way, you can stop yourself from telling lies. And this quality of being trustworthy will help you become a millionaire. So make a habit of speaking the truth.
6. Speed and Dependability
It is said that time is the new money of the 21st century, and all the millionaires know this very well. That’s why they always value their own and others’ time. But normal people don’t understand the real value of time. Millionaires always try to speed up their work to increase the outcome, and on the other hand, normal people waste a lot of time while working. It is one of the primary habits of self-made millionaires.
Suppose two men are doing the same job, but one takes 1hour, and the other takes 2hours. If you want to give them a job, whom will you prefer? Surely the one who did it in an hour, even if the other is your friend.
So, always try to be a person who gets compliments for his work speed, and they have to depend on you for their work. This quality will make you successful soon. So make a habit of working faster than normal people and most importantly don’t waste your time. Time is the new currency.
7. Right People
Get around the right people. Did you know that 85% of a person’s success and happiness depends on the quality of personal and professional relationships? Relationships and networking can be very beneficial in your life to move you faster towards your success. Suppose if you need a business deal, and the other person is your friend, don’t you think it will be easy for you to get that deal?
At every turning point of your life, there will be some people who will positively encourage you. And the larger contacts you have, the higher your chances will be of getting the right people at the right time.
Now, if you want to build more connections with the right people who will help you in the future, then you will have to develop the mentality of a go-giver instead of a go-getter. Go-giver is one of the relevant habits of self-made millionaires. It means that you should not always think about your profit, but also add value to the lives of others, this will help you to build more good connections. Be around those people who force you to level up.
A Piece of Advice
If you were to summarize all the habits, it would go like this: dream big, work hard, learn daily, speak the truth, don’t waste your time, speed up your work, and be around the right people. I would advise you to match these steps, and you will be successful in no time.
These were the seven secrets and habits of self-made millionaires from the book “The 21 Success Secrets of Self-Made Millionaires”. If you want to know all the success habits, you must read the full book.
But do you know what do we require to achieve real success? Because earning a lot of money is not the right answer at all. Find out the answer from the summary of the book by Eric Barker.