7 Habits of Self-Made Millionaires

Monday, April 3, 2017


I read an article this past weekend about the 7 most common daily practices and beliefs that self-made millionaires tend to share. I'm a sucker for these kind of posts and read every one I come across in hopes one day I'll be able to worm my way into their rich kid club.

We've all heard #1 on the list.

What millionaires do:

1. THEY READ.
"According to this study, 85% of millionaires read two or more books a month."

What I do:
I get really excited about the idea of reading and I genuinely enjoy it, but it takes a stupid amount of effort for me to actually put my phone down and do it. Once I really get into a book I can typically finish it in no time, but diving into those first few pages always takes some coaxing (or me simply turning off my internet.)

I've read a lot of self help/business books, but I also have quite a few I've bought and never finished. I've been slowly reading "Start With Why" for about ten months now but it's high time I finish it. If you're looking for a new one I suggest,  "Big Magic" (I've read this one three times now because it's a hippy dippy feel good) and also "The Surrender Experiment."

What millionaires do:

2. THEY PURSUE THINGS THAT INTEREST THEM.
"Wealthy people pursue their interests."

What I do:
I felt pretty good when I read this one because I feel like I'm on the right path here (a little.) I can also say I've started and stopped more businesses/projects than I can count simply because I was in it for the money and it wasn't my passion, and each and every one of those burnt out real fast.

I know enough about myself at this point to realize that if I'm not totally passionate about something, my follow-through is not good. But on the flip-side, I go all in when I'm doing something I enjoy and can't stop working/thinking about it.

What millionaires do:

3. THEY FIND A MENTOR
"Ninety-three percent of self-made millionaires attribute their wealth to having mentors."

What I do:
I have mentors, but most of them are people I've never met (like writers) or they're people I do know, but they don't even realize they're my mentor. So I guess that makes me a creeper? I should probably work on this one.

What millionaires do:

4. THEY USE DREAMS TO SET GOALS.
"They write down what their ideal life would look like, then use this script to create a bullet-point list of dreams."

What I do:
Okay, I'm nailing this one! I could spend an entire day writing down my dreams and "ideal life." To be honest, I probably have.

Long ago, when I was briefly employed by a yoga clothing store, let's call it "MumuMemon," a part of our training was spending a few hours writing down our ideal day and I've never stopped doing this practice ever since, I take about 10-20 minutes every other month to work on it.

I suggest you give it a try, it's a real mood booster! Spare no details, from the bed you sleep in, sheet count and all, to what you have for breakfast and so on. Unfortunately when I first did this so many years ago I realized working for Lululemon wasn't a part of my ideal day so I left a few hours later and never came back. But that's a post for another day.

What millionaires do:

5. THEY WRITE TO-DO LISTS.
"Goals are only goals when they have two things: 100% achievability and physical activity."

What I do:
I don't.

I write the dreams, dream about the dreams, but it's the doing of the dreams I need to work on... Kind of a crucial step, yes? Yes.

My inability to focus is a little scary sometimes, I'll start a to-do list but not get past writing "To Do List" before I've thought of six other things I need "to do" that take priority over writing a to-do list.

What millionaires do:

6. THEY CREATE MULTIPLE STREAMS OF INCOME.
"They develop multiple streams, and most have at least three."

What I do:
I'm pretty transparent about the fact my work history is strange, so I'm not shy to admit I've always had several side hustles. In college I paid my bills by selling Pink Panther golf head covers on ebay, (and also random crap I found at Tj Maxx.)

Right out of college when I had my first full time job, I also started a little video production company (using that term lightly here) where I made videos for weddings and high school graduations and a few other random things.

And we can't forget I'm the official creator of the "blankron." A blanket apron! Didn't quite take off like I had hoped, but that's one patent I'll never regret owning.

So when it comes to "multiple streams of income," I like to think I've got this one nailed down as well.

What millionaires do:

7. THEY AVOID TIME WASTERS.
"Millionaires believe money can be recouped, but the bigger risk is wasting time."

What I do:
I waste time.

And I'm not ignorant to the fact time is fleeting, but as my job revolves so much around social media I often find myself falling into that dark hole more than I'd like. I'm constantly watching what my professional peers are doing so I can keep up (or get ahead) but at what point am I just Instagram stalking? It never ends so that's the tricky part.

What millionaires do:

8.  They post photos of tulips on Instagram.

Jk, I made that one up. But I'm pretty sure a lot of fashion bloggers are in fact self made millionaires.... so, so I guess that's not entirely incorrect?

The full article can be found here, the tulips can be found at Trader Joe's.

Cheers to Monday, let's all go become self made millionaires!




8 comments:

  1. I'd love to see a post on blanket aprons because that sounds like something I would totally buy at Bed, Bath & Beyond!

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  2. This "writing down your ideal day" idea has me intrigued... so you script your entire day like a story? Then carry it out?

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  3. Can you do a post about your ideal day and also your actual day in the life? I work from home too and am curious (<-- nosy) and l love the way you write! Also, please feel free to start the post with, "Since so many of you have been asking me... ��)

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  4. I need to do more about writing stuff down and making it happen.

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  5. I am so far away from being a self made millionaire if those are the standards....crap

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  6. From the article: "Sixty-seven percent of the self-made millionaires in Corley’s study watch less than an hour of TV each day, and 63% spent less than an hour a day on the Internet in activities such as Facebook or watching YouTube videos."

    HAHAHAHA Welllll at least I know where to start improving!!

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