Publisher: Maaal International Media Company
License: 465734
Tom Corley, a well-known writer, author and lecturer in the world of wealth and finance, says that getting rich is not an accident. It takes hard work, caution and a developed mindset.
Noting that he spent five years studying the habits of 233 millionaires – 177 of whom are self-made – to see how they use their time. Based on the research, she identified six principles they all shared and helped them build wealth. The best thing about it was that anyone could implement it and start working towards becoming a millionaire.
For the millionaires Corley interviewed, learning and self-development were a top priority. 49% reported that they took a few minutes each day to learn new words, and 61% said they practiced new skills (ie a sport or an online class) for at least two hours a day. Another 63% said they listened to audiobooks on their commute to work. 71% said they read self-improvement books often. Many of them were drawn to the resumes of successful people.
One strategy that was repeated several times during interviews was the “5:1 listening rule.” In group environments, for every minute they spoke, millionaires would listen for five minutes. This helped them strengthen their working relationships and gain a number of different perspectives on a particular issue. 81% said they actively seek feedback from others every day, both in and out of the workplace.
According to the study, 86% of self-made millionaires work 50 hours or more per week. But they don’t work alone. Many have succeeded because they focused on their strengths and figured out a way to outsource their weaknesses. If they lack a skill, someone skilled in it is brought in, so they can focus on the bigger picture and have more time and mental energy to implement it. Surrounding themselves with people who share the same vision makes it possible to achieve their goals.
Many of the millionaires surveyed used a strategy called “dream setting.” They wrote down what their ideal life would look like 10 years into the future. One of the millionaires included in the study was passionate about a type of beverage, and thought he could make millions investing in it. His family and friends didn’t think it was possible, but that didn’t stop him, from realizing his dream. Over the course of 15 years, he has become an industry expert.
In 2001, he liquidated a small part of his venture and was able to purchase his dream home on the beach in Florida. He made $4 million in profits – all because he refused to give up on an idea he believed in.
One of the things many millionaires have in common is the ability to see the invisible, to come up with creative solutions and alternative ways to succeed. In the end, perseverance creates opportunities, and luck eventually comes to those who refuse to give up on their dreams and goals.