Millionaires have always been fascinating. They achieve what most people want to achieve (financial freedom and success in their business endeavors), but few people actually achieve it. So, what is it that makes millionaires different from the average person? There have been countless books and documentaries looking at the factors and characteristics of these ultra-rich people.
Luckily for us, they prove that none of us are completely doomed if we don’t have rich parents, as many millionaires had very humble beginnings. Here are the top 15 factors that make a millionaire, based on studies, surveys and the most trusted teachers of financial success. Once you read this, you’ll find that you have no excuse for not becoming a millionaire!
15 Diverse Investment Strategy
14 Self-Made Status
13 Long-Term Focus
12 Working Long Hours
10 Being Frugal
5 Good Upbringing
3 Time Management
1 High Energy
According to psychologist James Gottfurcht, most wealthy people have a lot of energy, don’t need much sleep and are upbeat. Well, that makes a lot of sense! You won’t get rich by being a couch-potato. It takes a lot of energy to be able to work overtime (which most millionaires do) and still balance multiple other things in your life simultaneously. If millionaires didn’t have high energy, they would probably have to compromise certain things in their lives, such as networking or educating themselves on how to be more successful. Having high energy also makes them more likeable, therefore more attractive as business partners and as people in general. For example, most celebrities that you often see or hear about have high energy and are enthusiastic about their careers. If the opposite were true, they simply wouldn’t be motivated to put in all the long hours that they do and would burn out quickly.
Sources: CNN, BrianTracy, BusinessInsider, Forbes, MoneyTalksNews, Entrepreneur, Time, CareerAddict, Today, BusinessNewsDaily
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