Is it possible to become a member of the uber wealthy? According to a Global Wealth report, becoming a millionaire will be more common over future decades. What can you do to join the ranks of the super rich?
A key place to start is with your habits. Rich people’s habits are more planned out and results-driven. They live their day-to-day lives with an action mentality, and they are always looking to learn.
Rich people are active learners who value their time too much to ever waste it, so they are always taking action. Here are 7 specific habits that rich people have that lead to achieving a high income.
1. Read Books, Don’t Watch TV
It’s too easy to binge-watch a Netflix series when you’re tired or deserve some time off. But when you’re watching a show on TV, you’re not pursuing your goals. You’re not pursuing success.
So instead of spending time in front of the TV, read more books. Instead of watching shows on your smartphone or tablet, download a book.
To focus on wealth creation, make it your goal to read a specific number of books a week, a month, and a year. Catching up on your favorite TV characters veers you away from your goals. Searching for a quote or idea from a book inspires you to take action.
Next, change the way that you get paid.
2. Get Paid on Results, Don’t Get Paid Based On Time
That McDonald’s employee who could be the best floor cleaner on the planet ever, does not bring much value to the McDonald’s brand. Only the floor is benefitting from this person’s work, while the actual company does not benefit financially from what the floor cleaner does.
This person is simply getting paid based on their time. That’s it. They’re trading hours for dollars.
Rich people, on the other hand, get paid based on results, not time invested. For example, they can spend a year working on a product, and when they bring it to the marketplace, it bombs. The product doesn’t make them a dime and the world doesn’t care. A year of time, blood and sweat wasted.
All that matters is results. That’s why the highest paid athletes in the world don’t get paid based on how many hours they practice. They get paid based on performance. They get paid based on results.
The next step is to “own it”.
3. Take Responsibility For Your Failures, Don’t Blame Others
It’s very easy to fall into the pattern of blaming someone else if something doesn’t go the way you want. If you can’t pay the bills, if the price is too high, the stress is too much, the significant other left, for example. Then it’s the economy’s fault, the government, the boss, the job, the neighbor, the friends….
There’s always someone or something to conveniently blame misfortunes on.
Rich people take responsibility. They own it. If life stinks, it’s our fault, and we take responsibility for our own actions. When you start taking responsibility, you gain the power to change and to learn. The power to do something different.
Remember: Lame people blame people. Own up to what isn’t going right in your life and change it. Next, focus on increasing your income.
4. Focus On Investing, Don’t Focus On Saving
Many people think that putting energy into saving is one way to increase your money. They listen to terrible financial advice such as, “Don’t drink that Starbucks coffee in the morning. You’ll save a few dollars each day.”
But here is the reality, and you’re not going to like it. People don’t get rich by saving a few bucks here and there. People don’t struggle with their finances because of a saving problem. They have an income problem.
Instead of focusing on saving money, you need to focus on making a lot more money so that you can invest it. The frugal, saving money mentality actually distracts you from earning money.
If you’re serious about becoming a self-made millionaire, you need to stop saving and invest in yourself. If you want to invest in something worthwhile, and you’re serious about your success, you can click below to enroll in my High-Ticket Closer™ Certification Program.
This is my 7-week online mentorship program where I’ll give you all the tools and insider information you need to make $100K to $500K a year as a High-Ticket Closer ™ .
Investing in yourself is a key step in increasing your net worth, which is what I’ll explain in the next step.
5. Learn Continuously, Don’t Assume You Know It All
You’ve noticed there are people who are very opinionated and act like they know it all. They want to tell the world about their opinions on politics, society, sports, and every topic under the sun as a way to get some attention.
Instead, they should be humble and willing to learn. Rich people are always listening, asking questions, reading books and continuously learning.
For example, I’ve noticed there are people who watch my videos on High-Ticket Closing and they criticize how I close a sale even though they have no experience on the topic. When was the last time they actually closed something for $5,000? Or $100,000?
If they don’t have the results, their opinion doesn’t matter. Remember: Your income can only grow to the extent that you do. Your wealth can only grow as fast as you do.
Now it’s time to take a close look at your money beliefs.
6. Poverty is The Root of All Evil – Money Is NOT The Root of All Evil
You’ve heard the saying, “Money is the root of all evil.” No, lack of money is the root of all evil. I want you to look at the poorest neighborhoods, and I want you to think about those areas.
Crime, drugs, and all kinds of problems go down in poor neighborhoods. Banks are not robbed by someone pulling up in a Rolls-Royce. It is the lack of money and the fight for survival that causes the real issues.
Money itself is neutral. Money is like a tool. You can use it for good, or you can use it for evil. It’s all up to you. So no, money is not the root of all evil – poverty is.
Knowing this truth, you must go to the final step, to start taking action toward earning a higher income.
7. Have An Action Mentality, Not A Lottery Mentality
Most people believe that the only way to get rich is to buy that winning lottery ticket. Even though they know the chance of winning is slim-to-none, they still buy the fantasy.
They dream about the house they would buy and the vacation they would take if they won. They are counting on changing their financial situation because of some external factor.
Rich people on the other hand, have an action mentality. We believe it’s completely up to us to make things happen. It’s not going to be because of some external person or circumstance. We make ourselves successful.
We don’t rely on any third party, and we definitely don’t rely on some lottery ticket. Instead, we take action, and we make it happen ourselves.
Final Thoughts On 7 Things That Rich People Do To Achieve A High Income
The number of millionaires in the world is increasing every decade. If your dream is to join them, the first thing you can do is change your habits and mentality.
Start by reading more books and continuously learning. Take responsibility for your actions and focus on taking action. Focus on investing and getting an income where you are paid for your results, not your time.
Most importantly, don’t believe the saying that money is the root of all evil. Money is just a tool to get you to your goal or destination. So take charge of your own destiny. Don’t wait for that magical lottery ticket to change your financial future.