Today we will be covering the 10 most important
Habits that you’ll need in order to make that 1
million dollars you’re aiming for.
iRicher, Where high-quality content meets high-quality people
Stay with us till Number 1, and you won’t be sorry.
Is it the most obvious or the most important habit that will make you
1 million dollars?
Number 10, Surround yourself with successful people.
If you ever wondered who Bill Gates best friend
was, you better believe it’s not the cashier at Burger King.
We’re all familiar with the idea that you become
who you are as a result of who you spend time with.
But if you want to become a millionaire, you better
take it to heart.
You are the 5 people that surround you. So take a
look at your life, who is around you? Who should
you keep around and who should you cut out?
Your peers can directly affect your success in life.
You better rethink your friend group if you are
hoping to hit 7 figures in your lifetime.
Don’t know 5 genius types? Try a mastermind
group to increase your knowledge and education
with the right kind of people.
Who knows, maybe one of those masterminds will
be your next best friend.
Number 9, Have more than one source of income
If you think millionaires are the champions of the
side hustle, then you’re right.
Millionaires make sure to never have only one source of income.
If you don’t have a side business selling antiques
online to accompany your day job, then you don’t
have this habit that will make you a millionaire.
But what’s more important than a side hustle, is
having a source of passive income. What’s
passive income? Basically a source of money that
pours in, when you don’t do anything, like
investments. Sounds like a pretty sweet deal.
Number 8, Keep expanding your knowledge
It’s a common misconception that knowledge
simply stops after college.
Millionaires know that this isn’t true. If you want to
make that million dollars then you better be self-educating
nearly every day.
That could be reading non-fiction books or simply
listening to podcasts, but millionaires are in the
habit of constantly expanding their minds.
Millionaires don’t sit back and simply wish that
they could’ve learned more about one of their
passions, they simply seek out the knowledge themselves.
Number 7, Have a Mentor
If you want to make a million dollars, you’d better
follow in the steps of fellow millionaires.
Millionaires undoubtedly, in their time, had one or more mentors.
Mentors offer crucial advice for advancing in their
particular field. They are experts, because they became millionaires.
Why would you not take advantage of having the
wealth and knowledge by having a mentor at your side?
It could be your ticket to your 1 million dollars.
Number 6, Invest your money
Wealthy people are in the habit of constantly
moving their money in and out of different markets.
They don’t just let their money sit in a bank
account and decrease due to inflation and near
zero savings interest rates. They put their money
into worthwhile and profitable investments.
Then their money can turn into passive income.
You remember what passive income is, right?
They are making money without even trying.
Wealth building is an acquired habit. One that you
certainly want to pick up.
Number 5, Understand your taxes
Although millionaires just hire an accountant to do
their taxes, they are certain to find the best tax expert.
Knowing your way around your country’s
outrageous fees can be the key to saving that
extra bit that counts, and finally puts you into millionaire-dom.
We’re nearly there. Did you guess the most
obvious or most important habit to get you from
rags-to-riches? Stick around till number 1.
Number 4, Set Goals
All the effective habits in the world won’t be able
to help you towards 1 million bucks if you don’t
have set and clear goals.
Millionaire-minded people understand that
outlining and organizing your goals is the path to achieving them.
One way to set goals is to create a vision board.
Imagine your future and what you want to see happen.
The difference between dreamers and
millionaires, is that millionaires set goals and take action.
Which moves us on to number 3, Take Risks.
Taking action inevitably means taking risks.
Nothing good ever came out of staying in your comfort zone.
When we push our boundaries and take risks
is when we learn and grow.
Sometimes that means learning from your
mistakes, but millionaires are obsessed with
improving themselves. They want to learn and
grow however they can to end up at the top.
Now, we don’t mean throwing all your money at a
paper-thin business venture. Calculated risks with
a decent chance of success are what we’re talking about here.
Think of moving to a city with better opportunities
more than blowing your cash on a dry cleaning business.
Number 2, Do whatever it takes
If you want to make a million dollars, going the
extra mile and making as many sacrifices as
possible to achieve your goal will get you there.
Sometimes that means enduring tough
circumstances and taking a pay cut to start, for the
long-term opportunity.
You made it to number one. The most surprising
or the most obvious?
The Number 1 habit that will make you 1 million dollars is to: be frugal
If you thought that being a millionaire meant
getting used to big spending, then you’ve been fooled.
So you better start scraping those pennies if you
want to reach that 1 million dollars.
Some of the wealthiest people in the world are
known to be some of the most expenses-aware people around!
It's about making more income and not just
spending the millions you make on unnecessary liabilities.
Which habit do you think is the most important to
becoming a millionaire? Voice your opinion in the comments below.
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