1. Your Partner is the Biggest Financial Decision of Your Life.
86% of millionaires are married and/or have a partner. Find a partner who is frugal,like minded and supportive of your money habits. Marry someone with a winning financial mindset.
2. Choose Your Friends Carefully.
You are the average of the 5 people you hang out with. You'll realize that you think the same thoughts, have the same goals and lead similar lives. People can either inspire you or drain you. Choose wisely.
3. Invest, Don't Just Save.
Inflation will nibble away at your money's purchasing power. Don't stash your cash. Invest in yourself,your network and your business. Invest consistently and you'll see results.
4. Outwork the Competition.
To outwork the competition, you must believe in yourself,your team and your values. If you really want it, you'll find a way. If you don't want it, you'll find excuses.
5. Understand Basic Financial Concepts.
Lack of financial literacy will cost you a whole lot than you may think. Financial literacy helps you earn,save,build,invest and protect. The rich become and stay rich because they understand the financial system.
6. Live Beyond the Comfort Zone.
The most dangerous drug is comfort. Push yourself to achieve more, learn more and grow more. The greatest achievements never came from comfort zones.
7. Change Your Mind, Change Your Life.
88% of millionaires are self-made. Anyone can win, if you change your mindset and habits. If you want to be like the wealthy, you have to think like the wealthy.
8. A Healthy Mind Lives in a Healthy Body.
Most millionaires exercise 30 mins daily. Exercise improves your judgment,mental health,physical health,critical thinking and learning retention. You can't enjoy your wealth if you're in bad health.
9. Protect Your Purpose.
Don't be a slave to money. Work for your purpose. Work to grow,to build and to learn. Protect your purpose and your purpose will protect you.
10. Buy Used Cars, Not New.
Only 23.5% of millionaires buy new cars. Here's the benefit of used cars:
- Lower depreciation
- Lower insurance cost
- Low-cost financing options
Most new cars depreciate in value. Don't invest in negative returns.
11. Ivy League Degrees Don't Matter.
29.9% of billionaires didn't go to college. 62% of millionaires went to state schools. What matters is the grit,curiosity,discipline and determination. Experience is the greatest teacher.
12. Readers are Leaders.
85% of millionaires read 2 or more books per month. Books offer advice on:
- Personal development
If you want to succeed, you have to read.
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