An easy how-to guide to hack your daily habits into those of successful millionaires.
So, you want to be a millionaire.
One question: what's the gateway to wealth prosperity?
Answer: millionaire success habits.
What are millionaire success habits?
That's a question that has been asked by many people, and the answer is that there is no one size fits all answer.
In short, these are the habits that overlap with the vast majority of millionaires.
From a simple daily routine, to the unique ability to remain disciplined and the way a life challenge is faced, these are the success habits designed specifically by the best for results.
In this article we'll discuss:
Habit 4: Millionaires never stop learning
Habit 5: Millionaires choose their inner circle wisely and keep it small
Habit 6: Millionaires are goal diggers
Habit 9: Meditate like a millionaire
Habit 10: Working your mind and body
It's safe to say their case studies have proven time and time again that these success habits reap the highest rewards.
Simple success recipes
While researching these high performance habits we were sorely underwhelmed. Here are are some of the simple success recipes that millionaires have in common:
1. They get up early
2. They make their bed
3. They eat a healthy breakfast
4. They exercise regularly
5. They read every day
6. They take time for themselves
7. They network
8. They give back
9. They celebrate their successes
10. They learn from their failures
This was a little too simple for us.
We wanted to dive a little deeper into the nitty gritty of these success habits and uncover some that aren't as surface level...
So we did a deep dive into podcasts, articles and books from some of the most inspiring, highly respected, self-made millionaires like Warren Buffet, Tony Robbins, Will Smith, Arianna Huffington, Dean Graziosi, Sara Blakely, Bill Gates, and complied an overlapping list of the success habits designed specifically from these trailblazers.
Among these truly successful entrepreneurs, the single biggest secret is this: habits will make or break your trajectory to success.
Who knows maybe you're already a millionaire in the making?
"The path to success is to take massive, determined action." - Tony Robbins
Habit 1: Productive hours
The biggest misconception about the habits of millionaires is that they all work around the clock. This could not be further from the truth.
The average millionaire only works three hours a day. This is because they have learned how to leverage their productivity during those working hours.
Some of these millionaire success habits that can lead to a more productive and fruitful day would be:
1. They experiment with their "best" or "golden" hours.
Millionaires are masters at analyzing data; the most important data of all is their own.
They keep close tabs on when they feel the best [among other metrics] which leads to them curating their perfect schedule.
Creating and following their own schedule is one of the most important habits of millionaires.
Read more: PSA: you're not good at multi-tasking & why you should quit
By doing this, they are able to make the most of their time and get more done in a shorter period of time.
2. They take breaks
Contrary to popular belief, taking breaks is actually one of the best ways to increase productivity.
Millionaires know this and take regular breaks to rejuvenate themselves.
Pro Tip: find out what type of person you are! Are you a lark? Early to rise and early to bed? Are you night owl? Late to rise and gets their best work done in the later hours?
Action Item: start to play with your bedtime and wake hours [making sure you're scheduling 7-8 hours of rest in between]. Choose a timing for one week and then switch to another for the next week and so on and so forth.
It took me about 5 weeks to find my golden hours and that sweet spot of when going to bed and waking was optimal.
Habit 2: Time management
Millionaires are experts at time management. Their brains are hardwired to mentally prioritize tasks and shed the tasks that do not move their needle forward that day.
They are often successful because they have habits that help them manage their time and resources effectively and stick to their daily routines. Some of these habits include:
1. Planning: time blocking their calendar in advance
2. Prioritizing: choosing only the tasks of importance and relevance to accomplish despite their difficulty.
3. Outsourcing: knowing how to prioritize their work in order to achieve their goals is step 1. Step 2 is the ability delegate or outsource the rest of work when their attention is required elsewhere.
Pro Tip: use your calendar and schedule everything and anything that's a priority for you and your business.
Action Item: map out your daily routines and find how you can integrate those in a mindful way to your schedule by time blocking, prioritizing and possibly outsourcing some tasks.
You may be surprised to find there will be areas where you are able to reshape daily routines [i.e. checking email first thing in the morning, grabbing the grocery after work, etc] from the tasks that aren't serving your valuable time or wallet, to routines that will allow you to maximize your time and effort.
Habit 3: Seeking Failure
Most people never seek out failure, but a success habit like this can help set you up to unlock your own massive potential within yourself. And fast.
Millionaires know that in order to learn and grow, you have to be willing to fail. By seeking out opportunities to fail, this hard won wisdom can position yourself for greater success down the road.
So, next time you're feeling down about a mistake or failure, remember that it could be the key to your success. Embrace your inner millionaire and seek out opportunities to learn from your mistakes. After all, habits like these are what separate the successful from the rest.
We so often see only the tip of the iceberg: the success.
What we fail to see is all the time, efforts and failures forward to where they are today.
Pro Tip: take inventory of your past failures. Reflect and review the lessons that these failures have taught you.
Action Item: plan to do one thing that scares you, and that you could "fail" at this week. #FailForward
Habit 4: Millionaires never stop learning
You'd think once you reach a certain level or status you could simply coast and enjoy the good life.
It's a well-known fact that the more educated you are, the more successful you're likely to be. However, this doesn't mean that you have to have a remarkable education at some elite school.
No, the difference between this and the average person is the relentless drive to learn and soak up as much knowledge as humanly possible.
One reason why this is so important is because our world is constantly changing.
The knowledge that was useful just a few years ago may now be out of date. By continually learning new things, you'll be able to stay ahead of the curve and achieve even greater success.
Read more: How to start a side business:tips from a successful real estate investor & doubling his productivity
From hiring a success coach, finding a mentor, to even going back to school for courses, these millionaires are able to achieve greater success by elevating their capacity to learn.
Millionaires know that the path to self-improvement is a never ending journey.
"It's never too late to be who you might have been." George Eliot
Pro Tip: you don't have spend money to learn from the best. There are so so so many free resources out there. Seek out someone that inspires you and see if they offer a free master class. We've enjoyed the free master classes on business from Foundr.
Action item: find one masterclass this week, watch and take notes. Keep your notes in a note book to refer back to!
Habit 5: Millionaires choose their inner circle wisely and keep it small
If you want to be successful, you need to surround yourself with people who support your habits and goals.
You don't need negativity in your life, so get rid of anyone who doesn't serve a purpose. This includes toxic friends, family members, and co-workers. You don't need them dragging you down.
Millionaires know this well - your time is a valuable currency. Be wise on who you invest this into.
Read more: TrenchLife: The road to entrepreneurship & starting your day one
It's not always easy to cut people out of your life, but it's necessary if you want to be successful. So take a hard look at the people around you and make sure they're positive influences.
Then, surround yourself with habits that support your success. millionaire habits, for example, can help you stay on track and reach your goals. When you have a strong inner circle and healthy habits, you'll be well on your way to success.
Pro Tip: focus on quality not quantity.
Action Item: stay mindful of your energy and how the people around you make you feel. Do they lift you up or bring you down?
Habit 6: Millionaires are goal diggers
Much like the race horse with its blinders on, they are goal oriented and always have a plan, organized and focused on your goals, able to pivot and highly adaptable to changing situations. These habits have helped them become successful in their field, and can help help you as well.
1. Set goals and create a plan
If you want to be successful, you need to set goals and create a plan to achieve them. Without a goal, it's easy to get sidetracked or give up altogether. But with a clear goal in mind and creating bite-sized objectives that move you slowly towards your goals you will remain on track.
2. Stay focused
It's important to stay focused on your goals, even when things get tough. Put your head down and do the work.
3. Be flexible
Things don't always go according to plan, so you need to be able to adapt to changing situations. If you're flexible, you'll be able to overcome obstacles, pivot and still reach your goals, despite a few bumps in the road.
4. Be persistent
There will be times when it seems like you'll never reach your goal, but if you keep going, you will eventually get there. Remember: success is a journey, not a destination.
5. Enjoy the process
The journey to success can be long and difficult one, but it's important to enjoy the process.
If you focus on the positive aspects of achieving your goal, you'll be more likely to reach it. So embrace the challenge and enjoy the ride!
Pro Tip: keep a large whiteboard or display of some sort to keep your goal[s] front of mind.
Action Item: jot down your big audacious goals and then break them down into bite sized tasks and schedule them out according to priority.
Habit 7: Work hard play hard
Making time to play every day is one of the habits of successful millionaires, really?
It may seem like a waste of time, but in reality, it's one of the most important things you can do for your success.
"Play is the highest form of research." - Albert Einstein
Playing every day helps reduce stress and boosts creativity, both of which are essential for achieving your goals. So make time for some fun every day – it will help you reach your goals faster!
Pro Tip: schedule play in your calendar for 10-20 minutes.
Action Item: go outside and go for a hike or walk in a new area. Spend time just observing and being curious. If you have kids, go to the park. Watch them play and interact.
I can't even count the amount of ideas or epiphanies that I've had while playing with my child. It brings me back to a place of being genuine and grounding. Whether it's realizing that an event or occurrence isn't as big of a deal as I made it out to be, or having a new brilliant perspective on an idea and sparking the creative within [we all have one inside] it's a worthwhile investment of your time.
Habit 8: Expressing gratitude
When you are grateful for what you have, you open yourself up to receive even more good things in life.
Gratitude also helps you focus on the positive aspects of your life, rather than the negative.
The rewards: greater success, happiness and a better you.
Pro Tip: if you start expressing gratitude every day, it will make you see and appreciate the little things, but also manifest itself to attract more of what you want to you.
Action Item: keep a gratitude journal. Every day, write down five things you are grateful for. It could be something as simple as the sun shining or your dog cuddling with you. The important thing is to focus on the good things in your life, and be thankful for them.
Habit 9: Meditate like a millionaire
The habits of successful people are well-documented, and many of them involve some form of meditation or mindfulness.
In order to achieve the level of success that millionaires enjoy, it's important to cultivate habits that will help you stay focused and calm in the face of stress and adversity.
Meditation is one of the best habits you can develop for achieving millionaire status.
There are many different ways to meditate, but the basic principle is to focus your attention on something [usually your breath] and allow all other thoughts to drift away.
This may sound easier said than done, but with practice it can become second nature. The more you meditate, the better you'll get at it, and the more benefits you'll reap.
Some of the benefits of meditation include:
- improved focus and concentration
- less stress and anxiety
- increased self-awareness
- better sleep quality
- greater clarity of thought
- enhanced creativity
Pro Tip: start with guided meditation [available anywhere on YouTube].
Action item: start meditating like a millionaire.
Here are a few tips:
1. Find a comfortable place to sit or recline in. It's important to be as comfortable as possible, especially when you're starting out.
2. Close your eyes and focus on your breath. Notice the sensation of air passing in and out of your lungs.
3. When your mind wanders, gently redirect your attention back to your breath.
4. Don't worry if you can't seem to focus at first. Meditation takes practice, so be patient with yourself.
5. Start with just a few minutes a day and gradually increase the amount of time you meditate as you get more comfortable with it.
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Habit 10: Working your mind and body
Millionaires are usually in good shape both physically and mentally. They know that exercise releases endorphins, which make them happier and more productive.
Working out also helps them stay focused and organized.
Fitness isn't just about looking good – it's about feeling good, too.
And when you feel good, you're more likely to be successful. So, how can you start working out daily?
Read more: Story of a naive entrepreneur: my 20K mistake
Pro Tip: plan to workout with a partner to kickstart your habit.
Action Item: carve out time in your calendar for this self-care.
Can you success habit like a millionaire?
There's no single answer to the question of what habits lead to millionaire success.
However, working these habits into your everyday routine are guaranteed to open brand new chapters of success and growth in your new life.
Of course, not every millionaire has the same success habits. But if you want to increase your chances of achieving success, it's worth considering adopting some of the habits of millionaires. After all, they're clearly doing something right!
Easily created simple success recipes
The habits of millionaires can vary from person to person, but there are certain habits that tend to be common among them. If you want to achieve millionaire success, it's worth considering adopting some of these habits!