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THE 5 ESSENTIAL MILLIONAIRE SUCCESS HABITS

By: Hozanas Team
success habits

What does success mean to you?

Some call success an achievement. But then, there is more to being successful than an achievement. The ability to sustain whatever goal you achieve is what I term a success habit. For instance, a millionaire’s success habit is what sustains the millionaire. 

Interestingly, you will agree that habit is not inborn; it is a lifestyle you develop over time. To a psychologist, a habit is a consistent practice of certain behavior. Your habit makes 95% of your life pattern.  In general, habits are repetitive patterns of an act, the same way every time. In the case of a millionaire success habit, the millionaire had repeatedly developed the habit over time.  

Credit: istock Image

Furthermore, there are principles in life that guide our living. If you do a thing in a certain way, you expect to get a particular result based on principles. This is the same for success principles. Follow the same principles that successful people engage in, and you will be sure to achieve similar results.

Since life is a product of the habits you have formed over time, you must pay attention to the habit you develop. Success is an intentional occurrence. It doesn’t happen by chance or luck. This implies that you must make sure that your efforts add up to result in success. You cannot continue doing things the same way every other person does it and expect to be successful.

The world millionaires today have developed the millionaire success habits that helped them scale through the success ladder. Therefore, to achieve success, you need to inculcate the success principles and live with them. 

There are a lot of success habits that you can develop, but here are the 5 essential millionaire success habits:

  • Being an early bird is the number one essential success habit
  • Build a library
  • Include goal orientation in your list of essential success habits
  • Keep company with successful people
  • Avoid debt

1. Being an early bird is the number one essential success habit

An essential success habit common to every millionaire is that they are early risers. Waking up early provides them with a sense of confidence to plan their day well to easily accomplish their daily tasks. Successful people use the early hour of the day to prepare their body and mind for the day’s work. 

For instance, Amazon CEO Jeff Bezos sleeps for only eight hours every night. Jeff Bezos prefers to wake up without an alarm clock. He explains that it helps him train his body to get up. Also, Oprah Winfrey thinks that if a dog can be trained to go out at an early hour, she too can wake up early every day. 

Check out every other successful millionaire; getting out of bed early is their number one success principle. An average young person today wakes up and the first thing they do is pick up their phone to surf social media. If you have developed this habit, you would have noticed that the rest of your day is somewhat affected when you do so. 

Being an early riser does not only mean that you leave the bed early but that you also focus on the day’s task. Time is expensive. You do not want to burn it on unprofitable activities.

2. Build a library

“Read 500 pages like this every day. That’s how knowledge works. It builds up like compound interest. All of you can do it, but I guarantee not many of you will.”

Warren Buffett

Knowledge is one of the greatest life assets. You cannot grow beyond your level of knowledge. Treasures of knowledge are hidden within the pages of books. To a successful man, every book page counts⎯not a library of just any kind of books, but books that will motivate you to achieve your dreams. You will need to read books that would help you to develop a millionaire mindset

Consequently, success is built when you learn from the success principles of others through their books. Do you want to be a millionaire? Get yourself books written by millionaire authors. In those books are the secrets to their success. 

In the quest to become a successful millionaire, you will avoid the mistakes and failures of these authors if you read their books. For every successful millionaire, there is a shelf filled with great books. Check our collections of inspiring books at hozanas.

In an interview with The New York Times, Bill Gates shared that he reads about 50 books a year. He also said that he takes a reading vacation for 2 weeks at a time. You surely know Gates’ level of success. 

3. Include Goal Orientation in your list of essential success habits

It is focus o’clock. 

Every successful person understands this. It explains the reason for their doggedness, tenacity and focus. To become a successful millionaire, you must include goal orientation to your list of success habits. 

Nobody likes to live on fantasies. A dream that remains in the head is like a fantasy. The objective of a successful person is to bring his dream into actualization. You need to be a habitual goal setter, free yourself from distractions and channel your energy into your goals. Set smart goals, write them down and focus on bringing them to reality. All successful millionaires are goal-oriented.

Goal orientation also means that you make sure that all your activities are structured to help you achieve your dreams.  Organize your goals into a daily schedule; it makes it easier to work on them. At the end of each day, do a review and see how you have done for the day. In this process, you will become your own time manager and can prioritize your engagements.

Being goal-oriented is a valuable success principle that can produce tremendous results in your career. It also helps you to attract the things that you really want in your life. No matter what level you are in your field or industry, the ability to imbibe the habit of goal setting is your open gateway to success.

4. Keep company with successful people

“…iron sharpens iron…”

Proverbs

A wood can never sharpen an iron. The product of your life is determined by the company you keep. There is a common saying that birds of a feather flock together. This is true for a successful millionaire. 

A cogent success habit of any successful person you will find is that he walks with people who share a similar mindset. This is where you make a list of the companies you have and note those you should do away with. You cannot continue to move and sit with people whose thought pattern does not correlate with yours, or you will soon be influenced and end up like them.

Develop the millionaire success habit of surrounding yourself with other millionaires. A company like this will help you push for your dreams. Such a group will challenge you and also influence your decisions to positivity.

5.  Avoid debt

Is it possible by any means to avoid debt? 

Yes, it is. It is also easy to avoid it. 

Staying out of debt is an essential success principle that successful millionaires understand. As much as you want everything, you cannot satisfy all your desires. Discipline is the power to avoid debt. To be a millionaire is to accumulate a lot of wealth. To do this, you must be an effective manager of your resources. 

It takes discipline to practice these success habits. Consistency in them will make you a successful millionaire.

2 thoughts on “THE 5 ESSENTIAL MILLIONAIRE SUCCESS HABITS

  1. Zealsam says:

    Thanks so much for this insightful piece. I am inspired and edified! Glory!

    1. Olawale Abaire says:

      Thank you for engaging with the post. We hope to serve you with more inspiring and actionable blog posts for your edification, success and advancement in life. Thank you for choosing Hozanas.

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