Characteristics of Self-Made Millionaires
May 13th, 2008 | MINDSET

You may have preconceived notions about what it takes to become a part of the wealthy class (whether you realize it or not), however, the simple truth is that becoming a millionaire, or dare I say - a billionaire - involves following a predictable process. A significant part of this process involves taking on certain characteristics - key ways of being that will stack the odds in your favor.
There are certain key characteristics that the wealthy practice, which is a huge contributing factor to their success and you must take them on if you plan on duplicating their results. The following is a list of these characteristics… All of them are important, so take on as many as you can!
- Visualize - Don’t be afraid to be a big dreamer.
- Direction - Get clear on what you want & where you’re going.
- Goals - Create them, commit them to paper, review them daily.
- Network - You become more of who you associate with. Mix with the right people.
- Mentoring - The most effective way to learn & succeed.
- Focus - Keep 80% of your attention on your most important goals.
- Solo-Tasking - Instead of ‘doing it all,’ be good at one thing for better focus.
- Optimism - Positive thinking and optimistic thoughts make big problems easy to handle.
- Service - Be committed to serving others, the greater good.
- Passion - Do what you love and you will find the focus you need.
- Work Smart - It will take a lot of hard work and smart work to succeed.
- Persistence - For all the times when it seems hopeless.
- Commitment - Succeeding is your mission and yours alone.
- Patience - It could take time, so make sure you stay in the game!
- Accept Cost - Ambition is pricey, but small sacrifices of today equal big gains tomorrow.
- Self-Discipline - Consistency and repetition is necessary.
- Responsibility - You are in charge of your choices, nobody else.
- Failure - The wealthy see failure as temporary defeat and an opportunity.
- Perfection - Understand that you are the best version of you & give that to the world.
- Decisiveness - Be urgent and make swift decisions once you have all your information.
There you have it - your own personal cheat sheet for speeding up your results.
To your success,
Eff Jay
effjay is the creator of WealthWeek.com. Apart from being well-read on a variety of topics regarding money & success, he has been involved in various successful entrepreneurial pursuits. He currently owns several thriving businesses and has become an authority about what works in the areas of business, making money & wealth accumulation.
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