SECRETS OF SELF-MADE MILLIONAIRES REVEALED

Habit #1: They create their own destiny.

They never blame, justify and criticize like most people. They know that when they blame and criticize, they will become a victim.

Habit #2: Rich people play money game to WIN but most people play money game NOT TO LOSE.

What is the difference between these two? Rich people play money game to WIN megabucks where as most people play money game just to get enough money for themselves.

Habit #3: Rich people are 100% committed to be rich.

Let me ask you one question...Do you want to be rich? You might say 
'Of course I want to be rich, I wouldn't invest in this opportunity if I don't want to be rich' . Most people only WISH to be rich and they don't mind not being rich. Rich people have a strong desire to be rich and successful. They know that becoming rich is their top priority and they just cannot accept not being rich.

Habit #4: Delayed gratification

What keeps most people rich is the habit of wanting instant gratification. Instant gratification is the habit of always wanting to enjoy now and not having the patience to wait for future benefits. As a result this people spend a lot more than they invest. When it comes to investing in books and seminars etc they will always think twice as they have to wait for future benefits.

Habit #5: Rich people think BIG.

They set challenging goals for themselves and take massive action.

Habit #6: Rich people focus on opportunity

Opportunity always comes with obstacles. It's like a package; you cannot just take opportunity and 'throw' the obstacles.

When there are challenges and obstacles, most people will focus on them and then give excuses like 'I'm too young', 'I don't have enough money' and eventually got them into believing that they are doom to be poor forever. Rich people focus on opportunity instead of obstacles.

Habit #7: Rich people respect and love money

As many of us grow up, we may unknowingly pick up many limiting beliefs and painful associations towards money from our family, friends, teachers etc. If you come from a poor or a middle class family, you might be taught that 'money does not grow on trees', 'investing is risky', 'money will change you', 'save money for rainy days' etc etc.

As a result, your subconscious mind associates so much fear and negative feelings towards money that it will stop you from becoming rich. Your inner mind won't allow you to become rich as it would give you more 'problems' or make you a bad person'.

However, you must understand that your parents and teachers taught you that because they taught they were passing a good advice. Very often they negative associations towards money and that is why they choose to pass this advice to younger generations.

Habit #8: Always do more than expected

Rich people are value creators. Value creators have the habit to do a lot more than what is expected. If they are paid $3,000, they will work as if they are being paid $10,000. If they are expected to generate $20,000 worth of profits, they will create $50,000 worth of value! Theses people are the one who get promoted super fast and get their income doubling or tripling every year.

The habit does not only apply on employees, it applies to anyone from super stars to entrepreneur.

When Michael Jordan was interviewed and asked how he became the world's greatest basketball player, he replied,

'I expect more from myself than anyone would ever expect from me! When my coach expects me to train 3 times per week, I would train 5 times. When my coach expects me to score 15 points for each game, I would score 36 points! That is why I'm the best in the world'.

Habit #9: Rich people are willing to promote themselves and their values

Habit #10: Rich people are BIGGER than their problems

When problem comes many people will be discourage and let the problem happens without resolving it. Rich people will try to solve their problems.

Habit #11: Rich people get paid based on results

They chose not to get rich by time. Rich people know that the wost possible way to be financially independent is to sell your time. They choose to make money based on performance and results

Habit #12: Rich people think BOTH

Most people think that if you want to earn lots of money, you'll have to sacrifice other stuff. Rich people believe that you can earn megabucks without sacrificing anything.

Habit #13: Rich people focus on their net worth

People with big cars or house are not necessarily rich. They may have lots of loans and debts.

Habit #14: Rich people manage their money well

They take calculated risk before investing their money. Most people spend most of their money on luxury things after their paycheck. But rich people their money and in opportunities that help their money grow.

Habit #15: Most people quit because of fear, doubt and worry

Rich people act in spite of FEAR, doubt and worry.

Habit #16: Rich people constantly learn and grow

Rich people are willing to learn from other people without looking at others' education, age etc.

Habit #17: Rich people have their money work hard for them

Rich people knows how to look for an opportunity, invest it and then see their money 'growing'. But most people work hard for money. They sacrifice their time for more money.

LEARNING EFFECTIVE MONEY MANAGEMENT

Increasing wealth and net worth is about more then just making good investments or even "getting lucky". The key to lasting wealth comes from good money management. Do you realize just how many people are millionaires? The numbers may surprise you. The person sitting next to you could very well be a millionaire. Your neighbor that lives across the street could also be a millionaire.

The most common misconception that most people have about the wealthy is that they always drive around in fast and fancy cars, take lavish vacations, and live on large estates. While that may be true of some people, but the majority of the wealthy live normal lives and go to normal jobs. The reason? They realize that uncontrolled spending can lead to uncontrollable credit and unfortunately as has been the trend, bankruptcy. There are several points that one could use to compare their wealth plan with their actions to see if they are truly heading in the right financial direction.

Do You Save? Sure everyone tries to save a little here and there, but to truly become a financial success a regular savings plan that is part of a well-balance budget. Saving money isn't always easy. The advice of a financial advisor or even the use of money management software can help you plot a financial route. Planning for emergencies, educations and even mundane expenses should be part of a budget.

Certainly there are people who have stumbled upon their fortunes either by inheriting it hitting it big in the stock markets. That is a very rare occurrence and those who frivolously invest in every scheme imaginable to strike it rich usually just end up the complete opposite. Again proper money management is key.

Planning to save means that you determine now where you want to be and then follow in a patter of saving and investing that makes it possible to meet that goal. Of course a balanced portfolio utilizes more then just a savings plan. Investing in mutual funds and stocks should really carry and equal share of the load. Good money management also means controlled spending. A perfect example is that of an NFL player.

It is hard to believe that people who make enough in a couple of years for most of us to retire on would have any kind of money problems, but year after year players get themselves into financial binds and end up in the red. The reason is poor spending habits. Spending money on anything from a sports car and matching house for mom to an expensive dog house, they forget how important it is to save thinking they will always have enough. That is almost never the case. For these stars they should be saving more then they are spending in a year to be prepared for premature retirement or other emergencies. Only by controlling spending habits and developing solid money management skills can a person, star or not, ensure that they will be financially secure for the future.

By: Mikahamilton