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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