When most people think about becoming millionaires, they fantasize that they’ll have the next unicorn business idea or that they’ll win the Powerball. You don’t have to invent the next Facebook or find the Golden Ticket to attain seven-figure status, however.
There are things wealthy people do every single day that made their success a reality, and you can follow in their footsteps today:
They use the abundance mindset
Carol Dweck, a famous Stanford Professor and researcher, spent over three decades studying what it is that separates top-performers from everyone else. The difference, she found, came down to mindset.
One of the major things wealthy people do daily is utilizing an “abundance” mindset. They believe their talents are not limited or finite. For instance, if they are good at writing and marketing, they aren’t afraid to dip their toes into finance. Less-successful people, on the other hand, often work from a “scarcity mindset,” thinking they only have talent in one square inch of the world.
Getting to the abundance mindset all starts with stepping outside of your comfort zone and having faith in your abilities — they’ve taken you this far. Although you won’t succeed at everything (nobody does), trying new things will enable you to uncover new talents and take that next step towards millionaire’s row.
Set the right goals
There’s a saying, “a goal is a dream with a deadline.”
While others might dream about becoming a millionaire, another one of the things wealthy people do is set concrete goals. According to Tom Corley, author of “Rich Habits: The Daily Success Habits of Wealthy Individuals,” “70 percent of the wealthy pursue at least one major goal, while only 3 percent of those struggling to make ends meet do this.”
What I have my team do — and do myself — is to set reach goals. We avoid the fear of failure (and often surprise ourselves) by setting time-sensitive goals that are a smidge higher than we think are possible. That way, we avoid wishing, but we still reach for the stars, and you should too.
Start investing (even if it’s a small amount)
What’s the one thing Warren Buffett, Oprah Winfrey and Richard Branson all have in common? Besides their enormous wealth and success, they all have investment accounts. Take it from someone who started with only $200 and reached millionaire status — the odds are that you won’t get rich from salary alone .
The beauty of investing is that you can get the wealth you worked so hard for to start working for you. It doesn’t have to be a huge sum either — as Business Insider points out, if you start investing $500 a month at age 25, you could be a millionaire by the time you retire.
Do you know of any other things wealthy people do that sets them (or you) apart from the pack? Please share them with me!