A millionaire is someone with a net worth or income above a million naira, dollar or any other unit of currency. If you aspire to become a millionaire, there are certain habits you must imbibe.
Mere aspirations will not make you a millionaire unless you put in the work that will earn you millions. This is where most people get it wrong. You must exchange value for money and increase your capacity to deliver more value to more people, which inevitably earn you more money.
The first book I read on personal development was the best seller Rich Dad Poor Dad written by Robert Kiyosaki and it was a gift from a very good friend of mine. Before this time, I had interest in personal development but had no idea there was an industry called personal development. Right before reading this book, I knew also about the classic Think and Grow Rich but never got to read it until after a while.
I remember trying to practice Think and Grow Rich without knowing the content of the book. I thought to myself it was possible to think and grow rich and would waste my time thinking about making a million dollars without having any value I could exchange for the money. I did this for one full year and was far broke than I was at the beginning of the year.
It was after reading Rich Dad Poor Dad that I made a commitment to become a millionaire. I discovered that most millionaires had a routine and structured way of thinking which they formed into habits that makes them successful. From my findings, I have developed seven major habits, which have worked for me since then into an exact systematic formula; anyone can follow to become a millionaire.
Here are the 7 Daily Habits that will make you a millionaire
1. Master a craft
It will take between a month and a year to master a craft and continuous practice for at least one to five years to become an expert in that field. It is pivotal to your success in life to learn and master a skill. Most millionaires have a skill they mastered and used to present value to the market place in exchange for money.
If you desire to become a millionaire, first thing you need to consider is to master a craft. Do a research to know of high in demand skills or trade that you can readily offer directly to consumers in exchange for money. This becomes the capital you need for growth. With this, you do not need to search for paid employment because you can easily start a small business that generates income.
The skill is not limited to businesses you can start online. It also includes skills you can use to start any offline business, which should also have an online presence. The goal is to generate income and cash flow you can build on.
Below are some skills you might want to consider depending on your interest or background;
- Fashion design
- Web development
- Software Development
- Building Sale Funnels
- Web design
- Video Production
- Graphic design
- Email Marketing
- Facebook Ads
- Video Creation
- Copy writing
…and many more
The more you work on your craft the faster you master it, the easier it becomes. Get in the habit of doing this on a daily basis and you will be glad you did.
2. Practice goal setting
Once you have mastered a craft, the next thing you do is set a goal. This is something you aim to achieve. Setting an income goal or output goal will see a huge rise in your productivity, which leads to increased output. When your output increase it reflects on the total number of sales, you can make. When you get more sales because of increased output, your profit rises.
Each time you set a goal strive to hit your target. You might not get it right the first time all you need to do is try again. Practice they say makes perfect. If you continue to practice goal setting, you find it easy to hit your target. So set a start and end time for your goals either on a daily, weekly or monthly basis. Once you consistently hit your target, it becomes easy to scale. This is a cool way to challenge yourself if, you are serious about becoming a millionaire. Practice this habit and see yourself succeeding.
3. Have a Plan
Next step is to create a plan on how you will achieve your goal.
You have to work out in advance a method of doing your work,
how much time you put in daily and how to avoid distractions.
Learn to use bulk focus time (BFT).
This is the time put into doing something at any given time.
Let us say your plan is to work for four hours daily,
you make sure you are focus on the job at hand without any distraction.
No social media, no emails, no answering the phone.
You totally immerse yourself for the entire four hours allotted to work for the day.
This will help to increase your output and achieve more within a short period. Once you succeed in cultivating the habit of planning, it helps you identify your money activities.
4. Focus on money activities
Do you know the difference between the billionaire and the beggar? I will tell you, the billionaire focus on moneymaking activities while the beggar wastes his time on energy draining activities. At the end of the day, they both have twenty-four hours but their income difference is very wide apart.
Develop the habit of working on activities that put money into your pocket. Activities such as marketing, sales, customer service, branding, advertising, relationship building, networking, product creation, distribution, product fulfillment etc,. This will optimize your ability to increase your income.
5. Study Daily
The average millionaire read at least one book every week. How often do you read? How many books have you read since the beginning of the year? If you are serious about becoming a millionaire, you must develop the habit of studying daily.
We are in the information age where the knowledge economy is taking over. You must seek to know better and more innovative ways to do the things you do. This can only happen when you continuously study and research the works and contents of the leading experts in your industry.
Studying can be done through, reading books, watching videos, listening to audios and podcasts, taking courses, going for seminars, conferences, webinars. However, this is going to cost you some money to do, it pays off in the end. Never bother about what it will cost you to acquire the knowledge that helps you improve yourself or grow your business. It is pivotal to your long-term success.
6. Become Self-Assured
Self-assurance is the key to becoming a millionaire. If you do not have confidence in your own abilities, you will find it difficult surpassing challenges. You have to know you can. You have to believe in your ability to attain the millionaire status. You need to have that calm and relax manner that displays confidence that your abilities are of value. With this you can think strategically when making plans or evaluating options. It helps to develop your cognitive skills that lead to better decision making.
Staying calm and alone in a serene environment helps you to explore your inner man, which leads to self-awareness and enlightenment.
7. Develop Staying Power
Once you have developed the habit of self-assurance, it becomes easy to develop staying power. With this, you are able to keep trying for a long time to achieve any goal you set for yourself. When things are not working as planned, your determination to keep going until you succeed comes to fore. Your mental stamina takes charge. Even when faced with failure or set back, you are able to motivate yourself showing resilience to never give up until it is over.
These are the 7 daily habits that made me a millionaire. Follow these habits religiously. Go through this steps as listed above, adapt it and you will get the exact same result.