21 Surprising Habits of Millionaires You Need to Adopt Today

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Are you curious about what it takes to achieve financial success? 

Do you wish you could tap into the wealth and prosperity of the world’s wealthiest people? 

If so, then this article is for you! 

Unveiling 21 hitherto unknown secrets of wealth, we will explore how the rich continue to thrive despite all odds. 

From finding low-risk investment options to embracing a sound mentality, redefine your approach to finances with advice from those who have made their fortunes in remarkable ways. 

We reveal everything, from beneficial insider knowledge to earning sustainable passive income streams, allowing readers an unparalleled look at true wealth building!

#1. Don’t Care So Much About What Others Think

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The rich don’t worry too much about what other people think. 

They focus on their own goals and objectives, no matter how different they may be from the rest of society.

They don’t let societal standards or peer pressure dictate their actions, instead, they learn from their mistakes and use them to drive forward.

This helps them remain goal-oriented and not get distracted by less important matters.

They understand that success is a journey, not a destination, and they’re willing to make sacrifices along the way.

This means taking calculated risks, dealing with failure constructively, and persevering when times get tough.

#2. Avoid Partying and Unnecessary Spending

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The wealthy know that partying and splurging are not the path to success. 

Instead, they focus on more productive activities like investing in themselves and their future.

They know that money is a valuable resource, so they’re careful with where and how they spend it. 

They understand the power of compound interest, so they use their financial resources to create long-term wealth.

They also understand the importance of budgeting and saving for the future, so they stick to disciplined spending habits.

#3. Get A Mentor

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Seek out and find successful people that have achieved the success you want to achieve. Befriend them and pick their brain.

You’ll be surprised at how generous they are with giving you information to help you succeed.

Over 93% of successful people have a mentor, according to studies. It will be much harder to be wealthy or successful if you blindly chase it.

By having someone on your side who has achieved the goal you want, you greatly increase your odds of success.

After all, anyone who attempts to climb Mt. Everest takes along a team of Sherpa’s who have already achieved the goal.

So, take some time to find other successful people and see if they are willing to mentor you.

#4. Stay Off Social Media

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Have you noticed how the country seems at odds with all the issues we have right now, like never before?

I’m not here to say who is right and who is wrong. But I will tell you why I think things are like this.

The reason is social media. And the sooner you can kick this habit, the better off you will be.

Here is why. Think about talking to someone in person.

You not only see them, but you see their facial expressions. Since the majority of language is non-verbal, this is critical.

You also can understand the tone of their voice. Put these two things together, and you better understand where they are coming from when having a conversation.

Now have the same conversion online, and you are lost. You have no idea when they are serious or joking.

The other big issue with social media is you get to hide behind a screen.

Most people wouldn’t say mean or hurtful things to another person if that person were standing in front of them.

The point here is that you need to stay off social media. You quickly get sucked in you lose hours of your day.

#5. Turn Off The TV

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This wealth-building habit is one of the more interesting ones I have encountered.

The higher a person’s income, the fewer hours of TV they watch.

One reason is probably that they are out of the house more. Not necessarily working, but networking and participating in groups, seminars, industry events, and volunteering.

Also, they tend to read more, leaving them little time for too much TV watching.

The wealthiest people watch 2 hours or less of television daily.

The trick I found to help me watch less television is to DVR the shows I am interested in.

Instead of watching the shows while they are airing, I do projects around the house, read, or spend time with my family.

Then I check out the DVR every once in a while and will watch some of the shows. I find that most times, I delete the majority of things I recorded and never watch them in the first place.

#6. Control Your Emotions

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Most of us get ourselves into trouble when we say something at a time when we are highly emotional.

If you take five minutes right now, you can think of a few such times. Before you say what is on your mind, take a step back and think things through.

Chances are you will be thankful you didn’t say what you thought.

Why is it important to control what you say? You never know what will come back to haunt you. It’s as simple as that.

So while you may want to tell your boss who is letting you go where to stick it, you are better off biting your tongue.

You never know when you might need a reference for a future job. Another emotion that separates rich people from poor people is fear.

Wealthy people lean into their fear and build self-confidence. This confidence gives them the courage to keep pushing forward.

On the other hand, the poor give into their fear and never build their confidence.

This causes them to get stuck in their situation and never improve.

If you can learn to think before you speak and lean into fear, you will see a monumental shift for the better.

#7. Set Goals

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What is the difference between a goal and a wish?

A goal is something you can control the chances of it becoming a reality. With a wish, you have zero control over.

This is closely related to playing the lottery from before.

For example, I can wish for 5 million dollars. If I keep doing the same thing I’ve been doing up until this point, the odds are slim that I will have $5 million.

But, if I set up a goal to have 5 million dollars, things change. I set up my action plan and took steps to better my chances of reaching my goal of $5 million.

I also start to track my progress.

Here is the best part of this. Say I fail on my goal. Does that make everything I did to reach the goal a waste of time? Hardly.

Chances are, I am earning more money now and have a lot more savings. I might have failed on my goal of reaching $5 million, but I am in a better financial place than I was before.

Additionally, I learned a lot about myself and grew as a person. In other words, trying to reach the goal made me much better off than I was before financially and through personal development.

Let’s say you aim to earn an extra $1,000 a month. How would you achieve this goal?

For starters, you could work smarter at your job and earn a larger salary. While this is a good start, you must also think outside the box.

What things could you do to easily earn money on the side?

You could spend a few minutes daily taking surveys and make an extra $200 a month.

If you are good at writing resumes, you could make money editing resumes for people looking to change careers.

These are just a few ideas to show you how to set some goals.

#8. Start Your Day Off Right

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While most wealthy people wake up on the early side, usually around 5 am, you don’t have to.

What you do have to do is start your day the right way. Why do rich people wake up so early?

There are various reasons, including:

  • Fewer distractions, so more work can be done
  • Exercise, including weight lifting and aerobic exercise
  • Meditate
  • Less time in traffic, so you are in a better mood
  • More time for breakfast

Instead of changing your daily routine so you too can wake up early, make it a point to take advantage of the morning.

This might mean you do wake up a little earlier than usual.

Or it could mean you are more intentional with your time.

Figure out what time you have to be awake to get to work on time, then work on moving your wake-up time one hour earlier.

Do this slowly, in 15-minute increments over a month or two. Have a plan for this extra time and use it to exercise, read, or improve your finances.

Over time, you will notice a big difference in how much better off you are.

#9. Read More

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Why is reading important? A few reasons come to mind:

  • It makes you think
  • It helps you to learn
  • It grows your vocabulary
  • It keeps your mind sharp

The more you work to better yourself, the more it will overflow into other areas, like your career and income.

The key, though, is to read things that will improve you. A small percentage of wealthy people read regularly read for entertainment purposes.

Most read career-development material, personal development books, current events, and biographies.

But don’t think you can only read things to improve yourself.

I mix up my books, read a great fiction novel, and then read non-fiction books that help me improve myself.

Then I usually go back to another fiction novel.

Turn off the TV 30 minutes or an hour before bed and read. Stop binge-watching a TV show and pick up a book to read instead.

#10. Don’t Gamble

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I gamble, but I don’t gamble. What I mean by this is that I participate in a weekly football pool picking the winners of each week’s games.

I also will spend $100 on slots and blackjack when my wife and I or my friends and I head to Atlantic City. And sometimes, when the Powerball lottery gets to $500 million, I’ll blow $20 and play.

The keys here are:

  • The money I spend is small in amount
  • The money I spend is money I can afford to lose

This is important because too many people play the lottery daily, hoping to change their financial situation or use the money they cannot afford to lose.

If you choose between buying a loaf of bread and buying two scratch-off lottery tickets, you need to seek help.

The main difference between rich people and poor people here is having the right mindset.

The poor mindset relies on luck to improve their financial situation. The rich mindset has the person rely on themselves to improve their financial situation.

The reality is you have odds of being audited by the IRS or getting called onstage at The Price Is Right than winning the lottery.

If you are going to play the lottery, do so for fun.

Whenever you get the itch to play the lottery, save the money instead.

Try to turn saving money into a game. There are many money saving challenges out there that help with this.

#11. Develop Good Money Habits

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Wealthy people become rich and successful because they are smart with their money.

Consider gambling. If poor people win the lottery, there is a high chance they will end up broke in a few short years.

Wealthy people who win the lottery will not end up broke.

One reason for this is that wealthy individuals have good money habits. They aren’t going to make dumb decisions with their money.

They save and invest the majority of it and spend the rest. These millionaire habits extend to all areas of personal finance too.

They take advantage of tax planning, so they pay as little in taxes as possible.

They are smart when they borrow money, only borrowing what they need.

And since they have good credit, the interest rates they pay are low.

Work hard to learn the basics of personal finance and apply rich people habits daily. In time you will see an improvement in your wealth.

#12. Network And Volunteer Regularly

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Of all the rich habits, this one has the greatest payback.

Over 66% of wealthy people network and volunteer their time, and another 78% take part in charitable giving, according to studies.

Why is volunteering important? There are a few reasons:

  • Volunteering makes you feel good. Studies show that volunteering a few times a month provides the same feeling as if the person was earning a salary of $75,000 a year.
  • It’s all about who you know. The more people you know, the more opportunities will come your way. These could be job opportunities or even the opportunity to go to conferences and other events where you can meet other like-minded people. You might even find new customers or clients when you network.

Volunteering and expanding your network allows you to take advantage of situations when they present themselves to you.

When you are happy and in a good mood, you are more likely to act on an opportunity than when you are unhappy. Talk to successful people, and they will tell you that preparation was the key to their success.

They did things to put themselves in a position to take advantage of opportunities.

Get out there and start volunteering.

Volunteer for causes that have meaning to you and will find happiness and grow your inner circle. You never know the great opportunities it may bring.

#13. Focus On Your Health

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Studies show that poor people eat the second most amount of junk food. The middle class eats the most.

What does the food you eat have to do with building wealth? A lot more than you think.

When most of your diet is built around junk food calories and drinking too much alcohol and soda, your body is not working for optimal performance.

It is trying to rid itself of the junk and survive on the little good stuff you are putting into it.

It’s like being in a bad relationship. It sometimes feels good, but it feels terrible a lot of time too.

When you eat bad food, you can’t focus or concentrate and don’t have the energy you should.

Your sleep is poor, making you tired the next day.

When this happens, you are prone to giving into poor habits and making bad decisions.

When you eat healthy food, your body performs better, and you sleep better, which results in more willpower and better decisions.

You need to start a healthy eating routine so you can perform better.

Don’t think you can never eat junk food again. Rather limit it.

Pick one day a week to eat junk food and eat healthy the rest of the week.

You’ll quickly notice your lack of energy and drive the day after which you eat poorly.

#14. Use Long Term Thinking

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The way you think has a significant impact on your financial success.

For example, rich people think long term. Before they buy something or do something, they take the time to figure out the long-term benefits and consequences.

The poor think in the short term. They give into emotions and don’t fully understand the long term effect of their actions.

Here is an example to help you better understand this.

A poor person will walk into a car dealership and tell the salesperson they can afford a monthly payment of $500.

An intelligent salesperson can work the numbers out, like the length of the loan and interest rate, to get you into a $40,000 car for $500 a month.

This sounds great. But when you factor in how long you will be paying for the car, your total cost is over $45,000.

This might not sound bad. But a rich person will walk in and say they will pay $30,000 for a car and buy the vehicle that fits this budget.

In the end, the rich person paid $15,000 less for a car. They can now take this money and invest in growing into more money. Or they can use it when an opportunity comes their way.

The goal for you is to look at the long term impact of things before you do anything. The more you can do this, the better off you will be.

#15. Live Within Your Means

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If you have to go into debt to buy something, you cannot afford it. Granted, a house and a college education are exceptions, within reason, of course.

But you should not be going into debt for things like clothing, gifts, flat-screen TVs, etc.

You need to keep your living expenses in line with your income. In other words, don’t spend money you don’t have.

According to studies, the wealthiest people save between 20% and 40% of their income. The top 10% of wealthy people save between 10% and 30% of their income.

The rest save between 0% and 5% of their income.

In other words, rich people make it a point to save their money. Almost every poor person who is struggling financially spends more than they earn.

And by not saving anything, you will never get ahead financially.

If you don’t save, your life today will be the same in 20 years.

And if you spend more than you earn, you’ll be in even worse financial shape in 20 years than you are today.

Make it a point to save money every single month. Don’t worry about the amount at this point. Right now, just make it a habit to start saving.

Set up a reminder in six months to increase the amount you save by $20 a month. Then set up another reminder once a year, every year, to increase this amount by at least 1% until you are saving 15% of your income.

#16. Invest Your Money

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The rich realize that the stock market is their friend. To grow their wealth, they need to earn a decent return on their money.

So they learn the basics and begin to invest their money.

On the other hand, the average person puts their money into savings accounts, assuming they save any money. They feel this is a safe investment since they worked hard for their money.

But the problem is they won’t be able to grow their wealth by using a bank account. Here is why.

Let’s say you are smart with your money and can save $50,000. You put this money into a savings account that earns 1% for the next 20 years.

At the same time, the rich person takes her $50,000, puts it into the market for 20 years, and earns 8% annually.

At the end of the 20 years, you have a little more than $61,000. The rich person has over $233,000!

#17. Don’t Give Up

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Let me break it to you. You are going to fail. You will fail a lot.

For many of us, we see failure as a bad thing. We think of failure as getting a bad grade or not being good enough.

We must change how we view it and see failure as a good thing.

When you fail, you are trying something new and growing as a person. You are trying to be the best you that you can be.

There will be times when you stumble and fall, and this is OK.

Take a few minutes, think about why you failed, and try again.

You tried again after falling off your bike, didn’t you? And again, when you failed your driver’s test? This failure is just another bump in the road.

Look back on what you did wrong and make adjustments and try again. Odds are you will see success if you can objectively look at what went wrong and work on correcting it.

Learn from your mistakes and stop looking at failure as a bad thing.

By changing your mindset on failing, you can see tremendous personal growth.

#18. Take Calculated Risks

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Taking risks is a part of life. But some risks are stupid, and others that are intelligent.

Wealthy folks tend to take more calculated risks, the smarter risks. Before doing something, they weigh the pros and cons and see if the risk is worth taking.

If it is, they take the risk and are OK with the result, even if it means they lose money.

This doesn’t mean they don’t look to see where things went wrong and try to correct the mistake.

It means they have accepted failure is a possibility.

#19. Avoid Toxic People

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You are the company you keep.

This means that if you hang out with troublemakers, you too will most likely become a troublemaker.

You need to sit down and look over all of your relationships and cut out or limit those relationships that don’t improve your life.

If you have toxic friends, it can be easy to cut them out. Stop calling and texting them and do something else.

But with family, it isn’t so simple. While you might not want to cut them out completely, you can limit your time with them. Only see them during the holidays or special events. Don’t get sucked into their stories when you are around them.

In other words, come up with a reason why you need to leave. If you can’t leave, have a reminder on your phone.

This reminder should be a note of all the good you have and what goals you are striving for. Doing this will help you wash away the negativity affecting you when talking to these people.

It is so vital that you go through this process if you want to become wealthy and successful.

Studies show outside influences, such as the people in our inner circle, impact us.

#20. Go Above and Beyond at Work

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Going above and beyond is a common point, but so few people practice it.

They wonder why they are only getting the standard 3% when it comes to their annual raise.

You have to become valuable at work if you want to earn a higher income.

This means taking on more projects, learning new skills, and more.

#21. Focus on Self Improvement

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Wealthy people make self-improvement a priority.

This includes not only striving for good health and good relationships but also learning new skills.

The more they work on themselves, the better they will be at work and in relationships.

This personal development will flow over into other areas as well.

Use Money Saving Challenges

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Saving money can be boring, but it doesn’t have to be. With money saving challenges, you gamify saving money and make it fun.

Discover the best challenges to help you improve your finances.

49 MONEY SAVING CHALLENGES TO GROW YOUR WEALTH

Develop Multiple Streams Of Income

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The wealthy are all about diversifying their income. This means they don’t solely rely on a job to bring in money.

Here is why you need to have multiple income streams as well.

HERE ARE THE BEST REASONS TO HAVE MULTIPLE STREAMS OF INCOME

The Ultimate Guide To Stealth Wealth

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Many people think the wealthy are the ones who flaunt their money.

But the reality is, most wealthy people have stealth wealth. In other words, you would never know they are rich by looking at them. Here is how to become part of the club.

THE COMPLETE GUIDE TO STEALTH WEALTH

Make Money While You Sleep

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Yes, you can make money while you sleep. There are a handful of jobs out there that will earn you an income even after you stop working for the day.

The trick is finding the right one for you.

HOW TO MAKE MONEY WHILE YOU SLEEP

How To Become A Stock Market Millionaire

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Do you want to know how to invest and build wealth? Here is a step-by-step guide to help you do just that.

HOW TO BECOME A STOCK MARKET MILLIONAIRE

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