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Here are 11 habits of millionaires that make them successful. These are all things you can mimic and start today.
Ever wonder how some people become millionaires while others stay broke?
I've spent a lot of time studying this as I find it truly fascinating. Some people believe most millionaires are born into money or “luck” out. In reality, that's not the case.
A study done by Fidelity Investments showed that 88% of millionaires are actually self-made. This means that 88% of millionaires worked hard to earn the money, started a business, or made good financial decisions.
But how exactly did they do this?
I believe the only thing that separates a poor person from a rich person is a mindset shift.
Today's post will go through the exact habits of self made millionaires that help them be successful each and every day. I personally try to do everything on this list to become the most successful version of myself. By the end of this article, you'll be able to define key habits you can start today to copy what works for the wealthy.
This post is all about the top habits of millionaires that you can mimic to be successful in life.
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Top Habits of Millionaires
1. They Are Organized
One of the biggest habits of millionaires is staying organized. Organization is crucial for success. How can you start a multi-million dollar business if your room has dirty clothes all over the floor? (Trust me, I'm right there too sometimes! We're all human!)
In reality though, the way a millionaire gets things done is by being organized. They use calendars and plan out their schedules so they know exactly when to do things to be most efficient. This way, they also don't forget anything.
From a financial perspective, I have a Free Financial Planner you can download with everything you need to organize your finances in a binder. The planner will help you pay off debt, manage your monthly budget, save your emergency fund, and more!
2. They Constantly Learn and Read
I believe part of being successful is constantly learning. Therefore, I challenge myself to read 10 pages of a book a day and I'm so glad I do! I learn so much from reading that stimulates my mind, allows me to challenge myself, and introduces new vocabulary into my life.
In fact, I always call myself a lifelong learner because a person can never be done learning. It's important to learn as much as you can to continue growing as a successful woman.
I've put together lists of some of my favorite books for finances, careers, and personal development that you will absolutely love below!
- 5 Books Every Woman Should Read to Take Her Career to the Next Level
- The 5 Best Financial Books that Will Change Your Life
- Lessons from Rich Dad Poor Dad: The Finance Book That Will Make You A Millionaire
- 6 GIRL BOSS Books That Will Change Your Life
3. They Set Goals
I dare you to ask any self-made millionaire you meet if they set goals for themself early on in life. I guarantee 100% of them will say yes.
Believe it or not, setting goals for yourself and writing them down makes you more likely to accomplish them. A self-made millionaire always sets goals for themselves, whether it be goals in the business world or just personal goals. Goal setting is the key to being successful.
Luckily, you can start today in two different ways!
a.) The 1st thing I want you to do is download my goal tracker for free. This will walk you through how to set your 5, 10, 30-year goals so that we can start manifesting the amazing success you're going to have in life!
b.) The 2nd thing you should challenge yourself to is my 28 Day “New Me” Challenge. Join a community of other women also doing their own 28 Day Challenges. Think of 6 habits you can do each day that will make you a better person, employee, friend, daughter, business owner, or version of yourself in 28 days. I walk you through exactly how to do it. This will help you get on track with some of the things on this list!
4. They Have Multiple Streams of Income
This one should be a given. Typically, a millionaire will always have multiple streams of income. How do they do this?
That's a great question!
I believe EVERYONE should have side hustles, even if your goal isn't to be a millionaire. I have several side hustles (including this website as of now). It's not hard to have a side hustle. In fact, it can often be really fun!
I've met so many wonderful people through this side hustle. You can start your own website with my tutorial here!
If a website isn't your thing, you're in luck. I've spent a TON of time putting together an Ultimate List of 45 Insanely Easy Ways to Make Money. I assure you, you'll be impressed with this list. It has actual genuine good ideas that are creative and unique. In fact, I'm confident that you haven't even ever heard of many of them!
Go check them out to see for yourself and work on another stream of income today!
5. They Watch Their Spending
A self-made millionaire typically isn't the one showing off their money. A non-self-made millionaire may do that, but for the most part, self-made millionaires are pretty frugal.
In fact, every self-made millionaire I know is extremely frugal. So frugal that you'd never know they are millionaires. One of my friends is a multi-millionaire and drives a 15-year-old Ford Fiesta. He owns mansions as his vacation homes, but he dresses in white t-shirts and shorts every single day.
Use my free budget binder to start watching your spending today. It will guide you through setting up a budget and tracking your expenses on a monthly basis.
Here are some related articles you'll like on saving money:
- Things To Buy at Dollar Tree: Ultimate List of 50+ Items that Will Save You Hundreds
- 8 Unique Ways to Save Money as a College Student
- The BEST Unique Tips to Save Money on a Wedding
- Eco-Friendly Ways to Save Money: Ultimate List
6. They Avoid Debt
A millionaire likes to not have any debt, unless it's a mortgage. You won't see them with credit card debt, student loans to pay off, etc.
Millionaires watch money very closely and know that 18% interest on a credit card adds up VERY quickly. They prioritize their debt to pay it off as quickly as possible so they can remain debt-free.
The only exception to this rule is a mortgage. I personally believe mortgage debt is okay, as long as you have a firm financial strategy.
This article will teach you how to pay off debt, the best strategies to do so, and allow you to download my free debt payoff tracker printables.
7. They Invest
I would be very surprised if you found a millionaire that didn't invest in the stock market. Even the top habits of billionaires including investing. The beauty of investing is that history has shown the stock market typically earns returns on average.
By researching the habits of billionaire investors, I've been able to see very healthy returns from stock investing.
However, I know there is a HUGE barrier to entry as it can be very intimidating. Therefore, I've put together a beginner's stock investing guide to help you start learning how the stock market works. After you get your feet wet, this breakdown on dividend stocks will help you dive in even further!
Still intimidated? Start with your 401k, if your employer offers it. You'll learn more about your 401k and what it means to your future.
I also highly recommend you check out The 5 Best Financial Books that Will Change Your Life. Many of those books are about investing and will significantly help you on your journey!
Warren Buffett refers to compound interest as the 8th Wonder of the World.
8. They Wake Up Early (and Make Their Bed)
Okay, okay, I'm guilty of not making my bed, but I'm working on it! For me, it's the pillows! Ever seen Along Came Polly? That's me calculating how many years I spend taking pillows on and off the bed…and yet I can't part with the pillows.
Anyway, I digress.
One of the biggest habits of millionaires is that they ALWAYS wake up early. This is something I do every morning! In fact, I always work out in the morning before work.
Waking up early allows you to plan your day accordingly, get your mind focused, and get things done before you even start work. It makes you feel accomplished and sets your day off on the right foot.
In addition, making your bed will make you much more likely to have a productive day. There have been many studies done on the effectiveness of making your bed.
Don't believe me? Read this book on making your bed for inspiration! It's actually one of the most popular business books and a book I give my teammates at Christmas because it's motivating and inspiring.
9. They Prioritize Their Health
Most self-made millionaires have a lot of energy and are in great shape. Did you think that was a coincidence?
Definitely not.
Millionaires have a strong work ethic so they typically prioritize their health as well. This means they go to the gym, watch what they eat, and drink plenty of water.
I encourage you to prioritize your health starting today. If you need assistance, use my 28-day tracker to get you off on the right foot!
If you can't make it to the gym, go for a walk for an hour! I typically like to walk an hour in the morning on a fasted stomach and then work out at the gym for an hour after that. I also make sure I drink 128 ounces of water a day and follow a nutrition plan to make sure I get all my nutrients (I eat paleo)!
10. They Have Mentors and Ask for Help
A self-made millionaire is never afraid to ask for help. They typically have at least one mentor, if not two. They will learn from that mentor, bounce ideas off them, and seek guidance.
Every millionaire I know looks up to someone and aims to mimic their success by doing the same things they do. Why rewrite the book if other people have had success?
One of the biggest mistakes I see people do is not ask other people for help. Most successful people had help along the way, whether it be guidance, suggestions, or even a job offer. Don't be afraid to ask for help.
Improve your confidence, if need be, to have those conversations.
Use your resources and your contacts to learn from them and put yourself out there so that opportunities can come to you!
11. They Value Time
I often like to ask people what wealth means to them. In fact, let me ask you, “What does wealth mean to you?”
Think about it for a minute.
Have an answer?
The majority of the time, people say “money.”
However, wealth to a millionaire means time. A millionaire sees their time as money. They see their time as extremely valuable. Ever heard someone say “time is money?” I guarantee that line was coming from someone successful.
Hardworking people always value their time and seek time to find true wealth.
For me, wealth means having time to spend with family and friends while enjoying the world and having fun.
The moral of the story is to value your time. Make the most of every day. I guarantee you'll start to see changes in your life immediately.
11 Most Common Habits of Millionaires
These are the most common habits of self-made millionaires that help them be successful each and every day. Find a few that you can mimic to take on your journey.
The key to success is a mindset change.
I believe we all have it in us. It's up to you to harness your true potential and power to be the best you can be.
Related Posts about Making Money
- Financial Tools
- How to Improve Your Confidence: 12 Proven Ways
- How to Land a Job You’re Not Qualified For
- Ultimate List of 45 Insanely Easy Ways to Make Money
Resources for Investing
M1 Finance
M1 Finance is a brokerage account that serves as a Robo Advisor. Instead of paying a financial advisor, you will tell them your retirement goals and they will automate your investments based on your goals. (FREE)
Acorns
Acorns is an app that automates investing for you by allowing you to invest your spare change by simply “rounding up” your purchases. My readers will receive $10 for signing up with my link.
The Motley Fool
This is the tool I've used for YEARS to gain investing knowledge that beats the market averages. The Motley Fool saves me loads of time and money by doing stock research for their subscribers and advising what stocks they recommend investing in. The beginning stock investor will greatly appreciate their stock advice! (Subscription)
11 Habits of Millionaires that Make Them Successful Every Day
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