Things Millionaires do Differently

Things Millionaires do Differently

December 06, 20255 min read

Reaching the six zero mark is not the 'luck of the Irish' or winning the lottery, in most cases.

Becoming a millionaire is more centric around the way people think about money and the decisions they make about it.

Daily habits, mindsets, affirmations, and pure old fashioned grit give these folks the ability to stay focused and disciplined, even in the toughest of economic times.

Interesting enough, many millionaires are made during the most difficult economic times.

I'm not suggesting the only way to make a million is by earning a high income.

No, the strategies and ideas I pose are subtly and stealth in a way of thinking that maximizes their potential.

This article will focus on various strategies and behaviors that many millionaires have adopted to both grow and preserve their wealth.

Don't get distracted by the many 'get rich quick' schemes out there. These are timeless sustainable practices that even the novice can learn.

If your aim is to hit 6 zeroes in your future, then these proven practices may be just what you need to follow your yellow brick road to financial freedom.

SHORT TERM IS SHORT SIGHTED
Millionaires poses an uncanny way of viewing the world. While most people play the short game of what bills need to be paid or how to get out of debt, Millionaires play the long view. They plan and think about the effect of their decisions on their wealth down the road. They often think in 5, 10 and 20 year blocks.

MULTIPLICATION IS BETTER THAN ADDITION
While the average person strategizes on how to get a raise and add an extra $1 per hour to their pay, those in the 6 Zeroes Club look for ways to leverage their time with multiple income sources. They use side hustles, dividend investments, real estate, and other passive income sources. These additional streams create a compound multiplying effect on their wealth.

INCOME PRODUCING ASSETS
If you've read my book, GETUNBROKE, then you understand the weight of this idea. Assets create income streams. 6 Zeroes Club members buy assets that produce more income. Do you want a raise? Go buy one rather than ask for one.

YOUR NETWORK IS YOUR NETWORTH
Millionaires build key relationships with people who think and see the world the same way they do. They are intertwined in their network as that is where they discover their latest wealth building ideas. The road to the 6 Zeroes Club is paved with a community of like minded people.

GOAL SETTING
Did you know that the average person sets a goal and never achieves it because it is more of a want. Millionaires set destination targets that they need to hit to reach their next plateau. They live and die by this roadmap as they travel through life tracking where they are headed.

LAVISH LIFESTYLE
Millionaires typically are anonymous in the crowd. They live well below their means and don't have a certain "look". Don't be fooled by the Kardashians and the lavish "Lifestyles of the Rich & Famous". Warren Buffet has been reported to use coupons while dining without shame.

ITS ABOUT CONSISTENCY
Because Millionaires are long term thinkers, they overlook the near sited market conditions that derail so many.

They continue investing in down turns and often double down due to things being "on sale". This is a mindset that looks for opportunities in everything.

LIFELONG LEARNING
One of the staples of a Millionaire is their dedication to lifelong learning. It opens their mind to new possibilities, new knowledge, and new skills.

This is a secret weapon keeping them agile and nimble in a fast changing world. This mindset allows them to embrace change as it is happening.

LIFESTYLE INFLATION
The temptation is to increase your lifestyle as you earn more. Millionaires think differently and invest their new earnings rather to create more wealth rather than increasing their lifestyle. They don't need new houses or cars to feel successful.

LIFESTYLE INFLATION
The temptation is to increase your lifestyle as you earn more. Millionaires think differently and invest their new earnings rather to create more wealth rather than increasing their lifestyle. They don't need new houses or cars to feel successful.

CALCULATED RISKS
There is risk in everything. Millionaires study their investments and calculate the risk before jumping in. Their number 1 rule is "don't lose money" while their number 2 rule is "see rule number 1". It helps them stay grounded in their decisions.

HEALTH CARE NOT MEDICINE
Millionaires adopt the mindset of taking care of their health through routine diet and exercise. They understand that their bodies and minds need optimal energy to support their endeavors. It is one of the keys to staying focused and productive.

AUTOMATION
The more things they can automate, the less energy they need to spend thinking about menial tasks. They automate payments and investments to ensure that these things protect their future. This helps create consistency in their investments and protects their credit rating with very little effort.

THE SOLUTION BUSINESS
The world is full of problems and Millionaires look for ways to solve problems. A problem is merely an opportunity and a challenge that drives them to find a solution. Often times, their solutions create mass appeal and make millionaires out of ordinary people.

CONTRIBUTION
Millionaires look for ways to contribute to their communities and causes that means something to them. Most of the charities and community service projects out there have a few big millionaire donors who believe that because they've been blessed they want to give to others.

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