The 5 Biggest Success Factors of Self-Made Millionaires
The 5 Biggest Success Factors of Self-Made Millionaires
By Nate Lee
It was after my first “real job” out of college that I became a true student of success and wealth. Just days after graduating I found myself employed and living in a completely different city.
Corporate Self-Made Millionaires?
It was a great experience, but that job lacked something. Good money…big money. The job I landed paid me according to current market rates for recent college grads. However, I was convinced I wasn’t being paid enough. After spending four hard years with my nose to the grind, there was an expectation that I was to come out of the gates, guns a blazing, and making some real money. But that didn’t happen.
As soon as I got my hands on that first paycheck, my dreams felt dashed. Let’s just say, that first paycheck was nothing to brag about. Maybe you can relate?
It only took a few weeks of receiving that pittance of paycheck from the fortune 500 company I was employed with, that I realized, “This is not what I went to school for”.
It was in that moment that I decided to learn how to start making the real money. So, I became a student of success and wealth. I put all of my attention on what many other self-made millionaires were doing.
And, to my delight, what I’ve learned so far has been paying off.
Learning The Secrets of Self-Made Millionaires
It was the studying that took place in those post-graduate years that I learned the most about wealth and riches. Insights that I think every young driven person should know about if they ever wish to join the ranks of other self-made millionaires.
So how can you use these insights?
The advice I am about to share will get you started in the right direction towards amassing wealth and joining the self-made millionaire club. Having a solid knowledge base for building wealth and become self-made is one of the most important things you can do to begin finding the success you seek. Use this advice as your foundation for your continued success.
Behold…
5 Success Factors of Self-Made Millionaires
Here are some of the biggest success factors that all self-made millionaires have in common:
1. Self-made Millionaires are Honest
One of the best books on wealth building is ‘The Millionaire Mind’ by Thomas J. Stanley. Stanley, interviewed hundreds of millionaires to decode their secrets to making millions. And on top of the list of the success factors that most millionaires gave, honesty was the most important.
The idea was, that if you want to build wealth, it will be through people. You will need to be able to do business with and through people. There is popular business maximum that supports this, and it goes like these: “People only do business with those whom they know, like, and trust.”
If you are dishonest, and no one trusts you, getting business, making partnerships, and closing deals will be difficult. Maybe even impossible. So, the first rule to follow to eventually become a self-made millionaire, is to be a person of your word. Be honest.
2. Self-made Millionaires Cultivate Self-Discipline
The one success trait that really stands out in all the success literature I’ve read, is that of self-discipline. After reading book after book on success, the success trait I’ve seen show itself time and time again has been that of self-discipline.
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