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10 habits a millionaire has in order to build wealth quicker than normal (Part 2)

  • TommyCarey Level X3
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    10 habits a millionaire has in order to build wealth quicker than normal (Part 2)

    In part 1 of this discussion I covered the first 5 habits that most millionaires have in order to build wealth quicker.  In this part I'm going to finish up and cover the next, and last, 5 of this list.

    We all know that money brings in more money, and we've all heard the saying "You have to spend money to make money".  This is absolutely true and anyone that tells you otherwise is probably just trying to sell you some sort of coaching class in order to make money with no investment lol 10 habits a millionaire has in order to build wealth quicker than normal (Part 2)  They paid for you to sign up for their class through a PPC or advertising method, but they're telling you that you don't have to spend money to make money?  Anyway, Let's get into these 5 additional habits a millionaire has in order to build wealth quicker than normal 10 habits a millionaire has in order to build wealth quicker than normal (Part 2)


    6. Networking
    Not many successful millionaires have gotten to where they were without networking.  This is one habit that I think is a necessity because it puts you in touch with plenty of people in your industry and you never know who will have a job for you, be able to help you out, or just give you some advice in order for you to start bringing in some additional cash 10 habits a millionaire has in order to build wealth quicker than normal (Part 2)

    You'll need to reach out to others in your field and ask them how you can help them.  You shouldn't be offering any type of service to them, at least not in the beginning lol.  Build a connection and nurture it over a long period of time.  If you can send them a client or two, that's great, hopefully they do the same.


    8. Having A Healthy Diet
    Some of you are asking "Will eating healthy really make me more money?" well I can say YES IT WILL!  A lot of fried foods and food that isn't healthy for you will just bog you down in your day to day actions.  If you're eating healthy, you won't have the energy draining food within you to bring you down and make it so you don't want to work.  Have you ever noticed that you go into a food coma after you eat a large meal?  This is because our bodies put so much energy into breaking down the food that it makes us tired.  If you were to just portion your meals and eat healthy at the same time, you would feel energized and not tired or have low energy.


    9. Saving And Investing
    This is a pretty obvious habit, but you'd be amazed at how many people don't actually do it.  Saving is a pretty obvious one, but what about investing?  Some of you are saying "Well I don't know anything about the stock market!" and that's not the type of investing I'm referring to.  You need to invest in yourself and your business in order to make it better than it was yesterday.  The only way to make yourself and your business better is to invest in it, and that investment comes from your own pocket.

    Plenty of businesses have been bootstrapped into being million dollar companies.  It's not unheard of and you can actually do it if you are strategic with your actions.


    10. Find The Right Mentor
    Working with a mentor is a great thing to do because they can help you out along the way so that you don't fall flat on your face.  If someone is already successful, they won't see you as a threat as long as you're in slightly different industry.  You'll have to build up your relationship with them and after a while you can ask if they would be willing to teach you about what they do.

    Now this usually won't work if you're in the exact same industry as the potential mentor.  If you're selling residential homes and you want to be mentored by someone doing the same thing in the same area, they will just laugh at you 10 habits a millionaire has in order to build wealth quicker than normal (Part 2)  But if you wanted to work with commercial real estate and they were not, they would be more willing to help you out along the way.



    In Conclusion:
    You will always need some good habits when it comes to becoming wealthy.  There are common traits and habits among the most wealthy people in the world, and it's not just that they are stingy when tipping lol 10 habits a millionaire has in order to build wealth quicker than normal (Part 2)  Get out there and make some money.  If you do end up making a million bucks, remember to give me a shout out 10 habits a millionaire has in order to build wealth quicker than normal (Part 2)


    Remember to follow me!
    https://www.seoclerks.com/user/Razzy


    Thanks!

    Razzy

    #Entrepreneurs Marketing & Monetization
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    rhombus

    rhombus

    I watched a video which stated that poorer people tend to watch a lot of TV, compared to their wealthy counterparts. I understand that it may not be a constructive use of time (you mentioned time management) but would appreciate your thoughts on this.
    8 years ago
    1969-12-31T19:00:00-0500

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    PedroP

    PedroP

    It makes sense since most successful people tend to be more intelligent. Still, we can't generalize.I don't watch TV but I'm sure that there are lots of people out there who do and I bet they are more intelligent than I am.
    8 years ago
    1969-12-31T19:00:00-0500

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    Corzhens

    Corzhens

    I can agree that poor people are more enamored with watching tv because it is one of the cheapest form of entertainment. But I am referring to those poor people who are jobless and has nothing better to do at home. For those progressive people it is a usual remark that they have no time to watch tv because of their work and other chores. Maybe there is truth that indolence can make you poor.
    6 years ago
    1969-12-31T19:00:00-0500

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    joegirl

    joegirl

    I'm not sure if you mentioned this in the first series but philanthropy is also a habit with millionaires/billionaires. They ensure a percentage of their wealth goes towards projects that helps humankind and they also give a lot to charitable organizations.
    8 years ago
    1969-12-31T19:00:00-0500

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    Tania997

    Tania997

    Most of the times it's for publicity and nothing more. A lot of those projects are also strange or corrupt and they will keep a big percentage of the money for themselves.
    8 years ago
    1969-12-31T19:00:00-0500

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    overcast

    overcast

    Networking is one of the biggest ability of the rich people. They have managed to do better in the market for that reason. More people they know the more they grow. And the mentor is another thing that one needs to know. I think if you watch the TV series - Shark Tank, you'd find much value out of it. There are lot of small things being discussed in this. And we learn from others how to do things.
    8 years ago
    1969-12-31T19:00:00-0500

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    PedroP

    PedroP

    Oh really? It did seem like an interesting show but i
    thought that most of the things done there were for audience's sake so we can learn some good things from it also.
    8 years ago
    1969-12-31T19:00:00-0500

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    overcast

    overcast

    Yes but the thing that you can learn from shark tank is the networking. All of the sharks have good connections. So you have to make sure that you are well connected. Make sure you are reaching better people. That way the valuation of the company is good. So networking definitely plays a big role in the business and in turn being rich.
    7 years ago
    1969-12-31T19:00:00-0500

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    DenisP

    DenisP

    I just wanted to say that this was a fantastic two part series, and well done. The thing is that not only are these habits which have the potential to make you quite wealthy, but they are just good habits to have in general. A lot of the stuff is practical life advice, a guide to maintaining a happy and productive lifestyle. While there is no guarantee that following this advice is going to make you a millionaire, I do believe that anyone who takes these steps will definitely find themselves living a life rich with abundance and happiness.
    8 years ago
    1969-12-31T19:00:00-0500

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    jeffzod

    jeffzod

    As you think so you are.The millionaire mindset requires discipline and commitment.You can not be rich if you think like a poor person.If you think that you can not afford it, you never will.
    7 years ago
    1969-12-31T19:00:00-0500

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    kgord

    kgord

    I don't necessarily think that is true. Most people who have money live below their means, and not squander money. They may walk to the post office instead of drive for instance. There are exceptions to every rule, but most rich people don't waste money.
    7 years ago
    1969-12-31T19:00:00-0500

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    hermessantos

    hermessantos

    Thanks for sharing the second part of this wonderful post. I have studied this subject a lot and I confess that every day I feel a better person with this kind of knowledge.
    7 years ago
    1969-12-31T19:00:00-0500

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    augusta

    augusta

    This is quite informative, immediately I saw the topic and I was delighted because I'm a billionaire in the making.

    I try to work smart not working hard.intellectual smartness one get to make extra bucks in just no time
    my little contributions are

    Dont lose any opportunity of making money
    Don't give up easily
    Pray and pray
    7 years ago
    1969-12-31T19:00:00-0500

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    clara1993

    clara1993

    I like your Points especialy eating healthy diet, I think it's important to stay healthy as a business person because we don't want to feel some pains whenever we try to get some work done, So it is good To eat healthy food and stay healthy by practicing Exercises too.
    7 years ago
    1969-12-31T19:00:00-0500

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    Joteque

    Joteque

    Those are some excellent points to follow on the road to making millions! Opportunities in networking and having a good diet is priceless. I think the mindset has a very large role to play on establishing that drive towards the millionaire victory. We are who we think we are and we can either influence or be influenced by the environment and people and many facets of life that we interact with. Many people stop counting mentally after they reach a certain figure in their mind. A simple analogy such as raising the bar mentally such that your mental counter does not stop in the usual range is such an elevating exercise that will enhance the chain of thought. One day I was speaking to the accountant of a company that I work for and I asked him to do a simple exercise with me in relation to personal money growth. I asked him to count with me and repeat after me. I started out with saying the figure 10 then 100 then 1000 then ten thousand then a hundred thousand then a million then a hundred million. Every time I called a higher figure his pauses and expressions changed as he became more reluctant to analyse the generation of the higher figure from a personal point of view, even if it's just in thought. This is how some people think sadly. They cannot imagine achieving that kind of amount on that level so there is a mental block which exists that automatically prevents them from even trying strategies and applying any effort to reach to the level of this attainment. Also we are priceless people, we are worth more than millions and are therefore greater than a millionaire title. We just have to own it and make the wealthy person in us come forth and shine to deliver!
    7 years ago
    1969-12-31T19:00:00-0500

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    hazelandrea

    hazelandrea

    I agree with the 6th tip since that will expose you to a larger audience. Social media platforms can also be used which can help up your business popularity. But knowing your brand isn't enough. I think understanding what your company offers is one factor that will attract customers in your company. If they are able to fully know what you can offer them, then they will know that your company is worth their time.
    7 years ago
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    Corzhens

    Corzhens

    One rich businessman once said that the money you earned will grow faster if you invest it. His example is a small business that earns little profit that can be invested in smaller businesses like a food cart or retailing business. Can you imagine if you have 10 small businesses? The profit from those 10 can put up a bigger business. And the cycle continues. But the caveat is on what business to invest in. You should have a good business foresight otherwise your investments may just produced failed businesses.
    7 years ago
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