Do you have a goal of wanting to be a millionaire but have habits that don’t back it up?

To become wealthy you need to follow the habits that have helped so many other millionaires and billionaires already achieve massive wealth. Steve Siebold interviewed more than 1,200 of these people to reveal the principles to get rich. 

He published his findings in the book, Secrets: Self-Made Millionaires Teach Their Kids.

Principles You Need To Know To Get Rich

1. Wealth Is a Vehicle to Freedom

If you want to be wealthy, you need to first understand that being rich won’t in itself make you happy. Despite what you think, making massive amounts of money only makes you more of who you are. If you’re generous when you’re poor you’ll be generous when you’re rich.

But attaining true wealth gives you ultimate freedom. This freedom means you get to do what you want, with who you want, when you want.

2. Rich People Aren’t All Rocket Scientists

When it comes to principles you need to know to get rich. A common theme is that you don’t need to be the smartest person in the room just the most focused. Sure, there are people like Elon Musk and others who are incredibly intelligent. But most millionaires have the same IQ as the rest of the world. They simply have better mental tools at their disposal.

3. Rich People Focus on Earning

Even if you’re the best investor in the world, you need to earn to get in the seven-figure club. Figure out what skills you have and learn how to monetize them.

Focus on your strengths and refine them to become world class. You only need one or two skills to take your earning potential to the next level. Become a master of your craft. 

If you don’t feel like you have one skill that sets you apart then start learning new ones. Remember the more you learn, the more you earn.

4. Opportunity is Everywhere

As Siebold said, “If earning money is based on solving problems, and the number of problems is infinite, then your ability to earn money is infinite.” Your mindset is everything when it comes to earning a ton of money.

If you think that money is scarce and hard to earn that’s probably how life will turn out. But if you learn about money, surround yourself with successful people, and work hard you can change your mindset. Focus on thinking about abundance and opportunity, not scarcity.   

5. Invest Instead of Spend

In the book, Siebold talks about how these ultra-successful people are all great money managers. They invest more than they spend. They keep a budget, pay themselves first, and rarely overspend.

Don’t let social media fool you. Self-made millionaires are smart with their money as they know how hard it takes to make it.

6. Love The Work

They say if you love what you do then you’ll never work a day in your life. And the author of this book agrees 100%.

If you love what you do it won’t feel like work which means you can work harder and longer. Becoming a millionaire doesn’t just happen, you have to put in the work. That often requires more work than 99% of people are willing to do.

But if you love the process then you’re much more likely to stay committed than if you’re just doing it for the money.

7. Hang Out With Successful People

Who you hang out with is who you become. It’s been said again and again in every personal development book yet people still hang out with the wrong crowd.

Successful people understand to excel at high levels they must be around people doing better and wanting to achieve more.

You have learned the 7 principles you need to know to get rich, now you must apply them. Quit leaving it up to chance and start following the principles that have already minted many millionaires around the world.

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The ability to delay instant satisfaction as a behavioural strength, first came to the public’s attention after the famous Stanford marshmallow experiment. In this experiment children had to choose between one marshmallow provided immediately or two marshmallows if they waited for 15 minutes. It wasn’t until years later when information from this and other similar studies revealed that the people that were able to delay instant gratification had considerably higher earning potential.

The Marshmallow Test

Dr. William Hampton explains: “Our study was the first to create a validated rank ordering of these factors (age, education, geography, gender, race, height, age, delay discounting) using machine learning. Our results were interesting because when we compared the importance of these factors we found that how much a person discounts the value of future rewards compared to immediate ones (known as delay discounting) is more predictive of income than some other ‘big’ variables such as age, ethnicity, and race.”

What Does This Mean? | Delaying Satisfaction

While we can not alter our age or height, it is under debate as to whether we can improve our ability to delay gratification. So next time you go to grab the last piece of chocolate cake or go to pour yourself a glass of wine, just wait five minutes, you might be making yourself richer in the process!

One age bracket that can learn is children. If you have kids of your own, you might want to conduct your own marshmallow experiment. Teaching children that delaying instant gratification can garner them higher rewards will enable them to have more control over their own lives going forward. Ultimately bringing them more success!

Interestingly | Delaying Satisfaction

One interesting observation that has come out of delayed gratification studies is that your willingness to delay gratification reflects, to a large extent, how trusting you are of authority figures. If you have had bad experiences with authority, you are more likely to take the reward now, and devalue a promise of a reward later.

What seems like impulsiveness can in fact be perfectly rational for someone who subconsciously anticipates to be screwed over.

For this study, that would mean that people whose upbringings lead them to trust in authority tend to have higher income, which makes sense. This hints at the importance of trust in early childhood, and perhaps even the relationship children have with their first teachers.

What are your thoughts on these findings? please share your hypothesis in the comment section below.

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All such content try to teach you how to achieve peak performance and enjoy optimal results by appealing to your proactive side. That’s right-they appeal to the part of your mind that is driven by desire, passion, and motivated by hopes and dreams. Put simply, they work on the positive side of your brain.

The problem with such an approach is that, for the most part, all of us aren’t always positive and proactive. In fact, in many situations, we would only make a move if our backs are against the wall. All the positive talk in the world won’t get us to take action until and unless the chips are down. Welcome to the reactive side of the human mind.

Interestingly enough, when it comes to getting results and getting things done, a reactive or negative approach works better than a proactive or positive approach. This article appeals to the reactive part of your mind. Forget your hopes and dreams for a moment and focus on the following mindsets and how they result in you failing time after time. Learn to recognize these and work around them so you can start getting the optimal results you want.

Failure Method #1: Failing to fully believe in what you’re doing

People who fail to achieve their goals often fail because they sabotage themselves. They don’t really fully believe in what they’re doing. In many cases, they doubt what they’re doing and are simply just going through the motions. In the back of their minds, they give themselves an ‘out.’ They think of alternative things or alternative solutions they could be trying. They often feel they are just doing something that’s ‘second best’ or ‘better than nothing.
If you think thoughts that erode your faith in what you’re doing, you are never going to succeed. Success requires focus at all levels-physical, mental, and emotional. After all, where your full focus goes, your full energy flows. When you are ‘keeping your options open’ by constantly thinking of alternatives as you work on something, you fail to give it your all. Your heart just isn’t fully in it.

Don’t be surprised if things don’t pan out. You weren’t into it all the way and things have a way of falling apart due to your lack of faith.

How do you fix this very common problem? Simple. Burn your ships behind you. Don’t give yourself an out. Don’t give yourself an alternative. Tell yourself that you either succeed with this particular project or you fail miserably. Commit one hundred percent. Focus your energy on making whatever it is you’re doing succeed. This means engaging our creativity and imagination to solve whatever problems arise. You can’t do this when you’re double-minded or fuzzy about your goal.

Failure Method #2: Confusing ‘Analysis’ with action

Thinking about something is not the same as doing something. This seems like common sense to most people but you’d be surprised as to how many people confuse the two. They think that as long as they buy a book or educational materials about an opportunity or project and read it, they are ‘doing’ something. 

Absolutely wrong.

Getting information is great. Doing your due diligence is not just important it is crucial. Making sure you have enough information to make an informed decision is not just smart, it is vital. With that said, you need to reach a point where you pull the trigger. 

You have to make a decision and commit.
Sadly, too many people are afraid of this so they ‘comfort’ themselves about the risk they’ll be undertaking by getting more and more information. It never ends. Why? You can never get enough information. There is just no way you can be fully assured that you all the information about your decision.

Sadly, ‘analysis paralysis’ leads to failure. Every single time. As Wayne Gretzy said, you miss one hundred percent of the shots you don’t take. If you try to overcome the fear you have about the risks of a particular project by continuously researching and researching, you’ll never get to the point where you realize you have ‘enough’ information to take the plunge. Why? You’re ‘researching’ not because you’re looking for an answer. You’re digging for information and ‘analyzing’ because you’re afraid of making a decision and committing yourself.

The solution to analysis paralysis is simple: lay out all your questions about the decision you’re trying to make. Once you find information that answers the questions, no matter how barely, decide you have ENOUGH information and commit.

Listen, there is no assurance that you’ll succeed. You have to reach a point where you feel you have enough information to make an informed decision. As long as your decision is informed, that’s enough.

Entrepreneur (The Self Made) Motivational Speech – Get it on iTunes, Google Play & Spotify NOW

Failure Method #3: Focusing on the destination instead of the journey

Success is a process. It is a journey that involves lots of twists, turns, and even outright detours. If you view success as a fixed destination, it will be too easy for you to get demotivated and burn out. How come? You have a fixed picture of what success should look like. If the results you’re getting don’t square up with that picture, you end up thinking you’re wasting your time. If you continue get results that don’t look like the results you have in your head, you end up giving up. That’s the worst thing you can do since the only way to lose is to quit. If you don’t give up, you’re still in the game. Clear?

Instead of defining success as the outcome at the end of a process, measure success based on where you are in the process of achieving your goals. For example, if your goal is to make money online by blogging, your measure of success when starting your blog is to successfully get your blog up. This means you allow yourself to feel good when you’ve completed your blog setup and have the look and feel you’re looking for. Next, when you have started writing your blog posts, your measurement of success should be whether the posts you write are high quality materials or not. Once your posts reach your quality standards, your next measurement of success should be on how engaging they are as measured by the comments they get. So on and so forth. Eventually, your measure of success would be how much money your blog makes. 

Now, if you were to start the process by immediately measuring your blog’s success based on income when you’re still building up your blog, you are setting yourself up for failure. You’ll lose heart and give up quickly. Why? It’s completely unrealistic to expect revenues at this point! 

Make sure your measure of success changes based on where you are in the process. If you focus solely on the ultimate result or goal of your project, you’ll quickly lose your resolve and will find it too tempting to quit. Whether they are trying to lose weight, find someone new, get a new job, switch careers, or make money, using the wrong success metric is one of the most common reasons why people fail.

Keep the three ways to fail above in mind when working on your goals. Make sure your don’t consciously or subconsciously subscribe to these methods. You are always in control of what you choose to think about. Start thinking in a way that leads to success instead of failure and disappointment.

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Following are the 11 reasons that make successful people successful.

1. They Add Value
If you ask the majority of successful humans what element would be of most importance in reaching any level of success – I am sure most would reply “Add Value”
Adding Value means your business or service is benefiting others – The more others benefit from your product or service, the higher you will climb on the ladder of success. Look out for opportunities and ways to add more value in the lives of others. The reason successful people are successful is they think about adding value first, the wealth and success comes after and not before this point.

2. They Sacrifice
Another key point about successful people is that they are ready to make sacrifices for things they really want in life. They look beyond instant gratification and seek the long-term growth and success. If they have to sacrifice for their goals, they aren’t hesitant. Whether it be time, parties, fun with friends and family – when successful people are committed to a end goal they will do whatever it takes, and sacrifice whatever necessary to reach that goal.

3. They Don’t Care For Opinions
Most successful people show less interest in the opinions of others. A saying of Winston Churchill sums it up well, “You will never reach your destination if you stop and throw stones at every dog that barks”.  If you want to be successful, you need to stop caring about what other people think about you or your work and just focus on the end result.
-“Have you ever met a hater doing better than you? Me neither.”

4. They Are Not Attached To Success
There is a famous speech from Chinese sage Chuang Tzu where he speaks about an archer, and how he thinks too much about winning, and not enough about shooting: His “need to win drains him of power”.
There is a very big difference between having a determination to achieve success and being anxious about being successful, being anxious will drain you out of power, creativity and focus. Being determined and present will ensure you have the right answers to the difficult questions. Let go of your attachment to success, and instead focus on creating the best possible product or service. The results will speak for themselves.
When an archer is shooting for nothing, he has all his skill.
If he shoots for a brass buckle, he is already nervous.
If he shoots for a prize of gold, he goes blind or sees two targets —
He is out of his mind!
His skill has not changed. But the prize divides him.
He cares. He thinks more of winning than of shooting–
And the need to win drains him of power.
-Chinese sage Chuang Tzu

5. They Set Goals
If you have ever had the blessing of listening to the work of Tony Robbins (Only the greatest success coach on planet earth) You will always hear him talk about goal setting. His RPM (Rapid Planning Method) is a great way to accelerate your results via goal setting.
A recent study by Dr. Gail Matthews, a psychology professor at Dominican University in California indicates just how important goal setting is. She completed a study on goal-setting with 267 participants. She found that you are 42 percent more likely to achieve your goals just by writing them down!
When you set clear goals, written down with clear objectives and dates, you know what you want. You can then take every step strategically, in the direction that leads to the fulfilment of your goals.

6. They Never Give up
Persistence is a major factor in any successful human being. Everyone is going to experience rejection and “failure” of some degree on their path to success. What separates successful people and the unsuccessful is the strength to keep going through tough times. They don’t take “NO” for an answer. They push harder and harder every time. If you research closely, the top 1% in any field of business, sport or life you will most likely hear a story about how they failed continuously in their early days. This is a very familiar pattern for all human beings – failure.  However, the great difference between success and continued failure is never giving up, remaining persistent despite how bleak the situation appears, believing that one day is going to be your day.

7. They Develop Key Relationships
They invest on relationships that matter, they genuinely care about people, which results in healthy relationships. Relationships are usually ignored by majority of people and are regarded as a distraction. However, extremely successful people prioritise relationships and networking with like-minded people or “mastermind groups”. It supports them not only emotionally, but also in terms of their growth and development.

8. They Understand the Laws (Of the Universe)
Successful people know how the universe works in terms of ground realities, so they make it work in their favor. They make use of energy and open different doors of opportunity in many different areas of life and business. They don’t look for opportunities, they create them. They channel the energy in all the right directions. Understanding the laws is a major key to unlocking your true potential.

9. They have an appetite for Learning
Successful people have a great hunger to learn. If you are passionate about anything in life you will most likely have experienced the great desire to educate yourself fully on the topic. Learning for successful people never stops.

10. They Have a Great Drive and Determination
When you notice successful people, the elite sportsmen or top business men or women competing in any area of life – be it business, a harmless game at home with friends or any type of challenge you will notice they hate losing, they must win all the time, at all costs.
Drive and determination are 2 of the greatest assets a human can have. “An intelligent man is useless if he doesn’t have the will to get off the couch” If you are struggling for determination we strongly recommend the work of Eric Thomas (ET the Hip Hop Preacher)

11. They “Believe”
Theodore Roosevelt once stated “Believe you can and you’re halfway there”. The successful ones believe regardless of their circumstances they WILL reach the top. Regardless of how many times they get knocked down, they will get up every time and every time they will take one more step to the top. When you have a burning belief you will reach the top in the end, you are unstoppable.
That’s not the end; successful people have a lot of healthy habits that work all together in their favor. They continuously strive to reach their destination and when they are there, they don’t stop, they set the bar higher. These successful people additionally are keen to improve their lives. They engage into activities that broaden up vision and world view along with creating a sense of awareness. such as. Conclusively, they are all-rounders in every aspect of their life.

We hope you have enjoyed this post, please feel free to help us out by commenting below or sharing on your social media.

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Eric Thomas – Phenomenal Motivator – Image Credit: www.etinspires.com

Eric Thomas, better known as ET, the hip–hop, preacher is popular worldwide for his inspirational speeches that he delivers in his own unique way. It is this uniqueness of his that gets his word across to masses and continues to inspire, motivate and help people achieve success and live their lives the way they want to. Although he continues to inspire everyone in different ways, here are 6 ways that he has inspired us:

If you want to succeed as bad as you want to breathe, then you will be successful

Success doesn’t come to people who spend their time idealising or being involved in wishful thinking. People who are truly successful know what they want and then they go for it. Someone who sits around dreaming about what they want without willing to struggle for it and then laments about not being successful needs to understand that what they want will simply not drop into their lap. They need to spend every waking moment aligning their focus and their actions in a manner that will help bring them what they want.

The Grinding & Hard Work Mentality

Many people these days look for shortcuts for what they want. They want to be successful but are just not motivated or inspired enough to work towards it. Anyone who wants to get somewhere needs to have the right attitude and mindset. Only with hard work come the results that one wants. If you are prepared to grind, prepared to do whatever it takes to achieve your goals, you will no doubt become successful. 

Be Phenomenal 

Everyone in this world wants to be successful and to have riches. Can you find someone who doesn’t want something? There might be millions of people in this world who want exactly what you want. What makes you so special is that you will be able to get it when so many others want it? Be phenomenal, do not be ordinary! Dare to be different!

Thank God it is Monday 

Do not dread work and do not dread Mondays. You should look forward to your workweek because this is what will get you to what you want. This is how you will make your dreams come true: by working and not by staying home and sleeping late. You need to set goals and priorities and then understand what is needed to make them come true.

I don’t ever want you to settle for another average day in your life

If you just drift through a day, all your days will be gone before you know it. If you let your days be average, your life will be average as it is these days that make up your life. Aim to make each day phenomenal and you will have a phenomenal life.

I dare you to be great! I challenge you to be great in every single thing you do!

Do not let anything in your life just be. In every venture you undertake, make sure to give it your all. When every project you undertake is great, there is hardly any reason why you will not be successful. Give your best to everything in your life and without doubt, everything you will receive will be great.

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Oprah Winfrey Quotes on Success & Spirit – Image Credit: Oprah.com

Oprah Winfrey Quotes on Success & Spirit – Image Credit: Oprah.comSpirituality Success & Wisdom from one of the greatest ever human beings: Oprah Winfrey

Oprah Winfrey, one of the rare personalities in today’s world who has inspired thousands of people through her talk shows, is known and loved internationally for the topics of discussion and causes she chooses to promote on her show. Instead of following suit with other talk shows and discussing celebrity scandals, she chose to discuss issues that helped people all around the world.
She is honest, unique and a rare individual and people love her for her honesty and the fact that she dares to stand up for what she believes in. She is truly one of the most successful people today, not only in terms of her worth but also by how she is adored and idolised everywhere. This is what true success is all about. Although throughout her career, she has shared many insightful quotes with us, here are 5 of these jewels that have touched us the most:

Quotes by Oprah Winfrey:

1. “Passion is energy. Feel the power that comes from focusing on what excites you.”

Truly many of us have become lost in this pursuit of wealth and luxury that we have kept pursuing one opportunity after another without ever thinking if this is what we want in life. Will money really bring happiness or is true happiness in spending every day of our lives involved in activities that we truly enjoy? More people should pursue what truly ignites their passion and then they will discover how life changes when one focuses on what excites them.

2. “The greatest discovery of all time is that a person can change his future by merely changing his attitude.”

We have attitudes that are astoundingly negative. We focus on all that is wrong in our lives as well as all that is wrong in everyone else. We never pause for a moment to look at all that is right in our lives and to feel gratitude for that. This attitude is one of the main reasons that make everyone feel unhappy and unsatisfied with their lives. One can discover how beautiful life can be if we start focusing on all that is right with our lives and how fortunate we are. After all, anything we achieve in this life would be pointless if it didn’t bring us any happiness.

3. “Be thankful for what you have. You’ll end up having more. If you concentrate on what you don’t have, you will never, ever have enough.”

We find a new desire, a new wish or a new object that we want and for the next few days, week or even months, all we can think of is the lack of that one thing in our lives. We spend all our efforts in attaining that one thing and as soon as we have it, it keeps us occupied for a week at most before we are off in pursuit of a different desire. If we keep chasing empty wishes, we will end up owning everything in the world other than our own satisfaction. By learning to be satisfied with what we have, we will be delighted when we have more.

4. “What I know for sure is that if you want success, you can’t make success your goal. The key is not to worry about being successful, but to instead work towards being significant, and the success will naturally follow.”

By focusing on pursuing what makes us happy, the pursuit of happiness will make us successful as without doubt, no amount of money or anything outside of one can make you happy, if you cannot find a reason to be happy that comes from within. After all, the true meaning of success is different for everyone and only you can decide if you are successful or not.

5. “I’ve talked to nearly 30,000 people on this show, and all 30,000 had one thing in common: they all wanted validation. They want to know, do you hear me? Do you see me? Does what I say mean anything to you?”

One of the deepest desires of mankind is to be important, to be significant, and to simply mean something to those around themselves. Truly, many people find true joy when they gain attention and importance from the people that surround them. This desire to belong and be significant cannot be ignored as any riches that come without validation will not make one happy. This is also so important for anyone seeking success in any field: Add value, make others feel important and you will find success, peace and fulfilment.

Oprah Winfrey is one of our all time favourite human beings. No one can deny Oprah has changed millions of lives worldwide, and positively impacted many people across the globe.
What do you think of Oprah? Have your say below:

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Only 1% will achieve millionaire status – Cnbc

But It doesn’t really matter what statistics say.
What do you say?

Does your mindset tell you that if 98% fail then the odds are against you?
Or does your mindset see OPPORTUNITY ?
Does your mindset KNOW that you have something uniquely special inside of you, and you can have be and do whatever you want in life?
Does your mindset see a CHALLENGE ?

The greats don’t care for statistics – they only care for one thing:
One thing that’s much bigger than statistics:
DESIRE

The greats, and those who succeed in life know that their DESIRE TO SUCCEED is much greater than their fear of statistics. Much greater than their fear of failure.

Successful human beings KNOW with absolute certainty that their PASSION, DETERMINATION, DESIRE and RELENTLESSNESS will ALWAYS see them reach the top, in the end.
They know their may be failures and setbacks along the way, but their DESIRE to reach their goals will always be greater than any setback.
They don’t quit after setbacks or failures – Unlike the 80% of entrepreneur friends.
They work harder. They LEARN LESSONS. They grow their character during he hard times.

Don’t be a statistic.
Find your purpose. Do whatever it takes to succeed regardless of set backs & regardless of what the percentages and statistics tell you, or think of you.
The only thing that matters is your opinion & what you BELIEVE you can achieve.

Don’t settle for a mediocre life just because statistics show most humans take the easy road.
Challenge your self to be in the top 1 or 2%
Start today, and never look back.

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