12 Life-Changing Millionaire Lessons I Learned From Working with the World’s Richest People
12 Life-Changing Millionaire Lessons I Learned From Working with the World’s Richest People
10. December 2022 Financial Imaginer
Over the years, I’ve had the opportunity to meet hundreds of millionaires and learn valuable millionaire life lessons from them first-hand on and off my job as their wealth manager. While their backgrounds, lifestyles, and fortunes vary greatly, there are some common traits that all millionaires seem to share.
In this blog post, I will share with you 12 life-changing millionaire lessons that I’ve learned from the world’s richest people. My goal in sharing these lessons is to “inspire” and help you become the best version of yourself and build a path to financial freedom!
Let’s get started:
1. Investing in Personal Growth:
All millionaires invest heavily in themselves and their personal growth. They understand that growing as a person is a foundation for becoming wealthy and successful. Most wealthy people I’ve come across read a lot, meet with others more often, and usually have found ways how to satisfy their interest in many things to grow.
There is no more profitable investment than investing in yourself.
They invest time, money, and effort in their personal growth continuously.
2. Working Harder and Smarter Than the Average:
Successful millionaires usually work much harder, smarter (!) and longer than average people. This doesn’t mean that they sacrifice their time with family and friends or their health, but rather this is how they structure their life — to get more done in less time.
They don’t work for money and status, but to unlock more time and freedom.
A dream does not become reality through magic; it takes sweat, determination, and hard work.
They understand that hard and mostly smart work will take them further faster while they still maintain balance in their lives. They’ve learned to be very efficient, delegate, and automate as much as possible in their doings and focus on where they are needed the most: Putting the rubber on the ground.
3. Taking Bigger Risks:
The Millionaires I’ve served have developed skills to differentiate between good and bad risks. They understand risks are part of life and are not scared of them. They know that taking risks can open up new opportunities for them.
The biggest risk is not taking any risk.
Wealthy people know when to walk away from an investment or situation if it is no longer beneficial. They are smart in calculating their chances and setting themselves up with the right team around them. Success is about smart risk management, not about wild risk-taking.
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