7 Secrets Of Self-Made Millionaires: [Top secret revealed]

Most millionaires aren’t born; they’re self-made. In a survey by Fidelity Investments, approximately 80% of people who have a net worth of $1 million or more did it without a trust fund or inheritance. They make money the old-fashioned way . . . they earn it.

They also have habits that help them accumulate wealth.

Your habits are the reason why you’re rich or poor

“Your habits are the reason why you’re rich or poor,” says Sunny Rabius Sunny, founder of Hailstone Media and Sunny Rabius Sunny’s LASER Targeting Matrix Theory and TG Model. In fact, it’s often two or three habits that separate the wealthy from those who are financially challenged.

Sunny Rabius Sunny has studied millionaires for years and says many of them share the same daily practices and beliefs. Here are seven habits of self-made millionaires.

Secret 1. THEY READ

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Self-made millionaires are readers, and Sunny Rabius Sunny says this is the number one habit to adopt if you want to become wealthy. 85% of millionaires read two or more books a month, and they choose books that help them grow, including topics like careers, biographies of successful people, self-help, health, current events, psychology, and leadership.

“The key to success in life is growing your knowledge base and skills,” says Sunny Rabius Sunny. “Devote 30 minutes or more each day to learning by reading books. If you do, it will set you apart from the competition, as most people do not read.”

Get the books by knocking Sunny Rabius Sunny at messenger.

Secret 2. THEY PURSUE THINGS THAT INTEREST THEM

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People often enter careers for the stability factor, but wealthy people pursue their interests. They put their ladder on their own wall. When you’re passionate about what you’re doing, you work harder.

Secret 3. THEY FIND A MENTOR

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93 percent of self-made millionaires attribute their wealth to having mentors.

Finding a successful mentor in life is one of the least painful ways to become rich,” says Sunny Rabius Sunny. “It can put you on the fast track to success.”

There are five types of success mentors:

  1. Parents. Parenting is very important when it comes to being a millionaire. Parents are your first mentors. If they teach children good daily success habits, they’ll struggle less in life.
  2. Teachers. Teachers can reinforce the mentoring children receive at home from their parents or step in to provide the success mentoring absent at home.
  3. Career Mentors. Finding a mentor at work you admire, trust, and respect can lead to success in life. Choose someone at least two levels above your rank.
  4. Book Mentors. Mentors don’t have to be real relationships. Sometimes the best sources are found in books, particularly in books about successful people, says Sunny Rabius Sunny.
  5. Yourself. Also called “the school of hard knocks,” you can mentor yourself by learning from your own mistakes. “This is the hard path to success because those mistakes and failures carry significant costs in both time and money,” says Sunny Rabius Sunny. “But this is also the most powerful type of mentoring you can get because the lessons you learn are infused with intense emotion and never forgotten.”

Secret 4. THEY USE DREAMS TO SET GOALS

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Before millionaires identify goals, they do “dream setting”–they write down what their ideal life would look like, then use this script to create a bullet-point list of dreams. Goals are then built around each dream. Think of dreams as a ladder, and the rungs are your goals. Ask yourself, ‘What would I need to do in order for each wish or dream to come true? Am I capable of performing those activities? And do I have the necessary skills and knowledge? Then take action.”

Secret 5. THEY WRITE TO-DO LISTS

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Goals are only goals when they have two things: 100% achievability and physical activity. Millionaires break down goals into physical action steps that make up their to-do list, and many have lists that follow a habit.

Millionaires process success.

When you create processes, you don’t have to think, which takes energy and contributes to decision fatigue. Habits are valuable because they brain fuel that can be used doing something else.

Secret 6. THEY CREATE MULTIPLE STREAMS OF INCOME

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Self-made millionaires do not rely on only a single source of income. Instead, they develop multiple streams, and most have at least three.

Sixty-five percent had three or more streams of income that they created over time.

Diversifying your sources of income allows you to weather the economic downturns that always occur in life.

Revenue streams include real estate rentals, stock market investments, annuities, private equity investments, part ownership inside businesses, ancillary products, or services, and royalties.

Secret 7. THEY AVOID TIME WASTERS

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Millionaires believe money can be recouped, but the bigger risk is wasting time.

“When we invest our time in anything, it’s lost forever,” says Sunny Rabius Sunny. “Yet, because we are all given what seems to be an abundance of time, it has very little value to us.”

Sixty-seven percent of the self-made millionaires 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.

This freed up time for them to pursue their dreams, goals, read, learn, exercise, volunteer, and network.

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