4 Common Traits of Self-Made Millionaires

In my book, Change Your Habits, Change Your Life, I highlight the common traits of every self-made millionaire in my Rich Habits Study.

Here they the top four traits:

1. Clarity – Clear Vision of Your Destination
2. Daily Growth
3. Focus
4. Persistence

What’s most interesting about these traits is that they are inherent in every individual. They are not traits only successful people have. Anyone can possess these success traits.

Unfortunately, very few ever unleash these in-born traits.

Our education system has a way of suppressing them.

The primary purpose of the education system is to teach children the skills they will need in order to find a solid job. Another way to put this is that our education system is designed to produce employees, not entrepreneurs.

But, while these in-born success traits are suppressed, they never actually go away. They resurface whenever you pursue something you are passionate about.

In my Rich Habits research, I saw this re-birth first hand.

Like everyone else, the self-made millionaires in my study followed the same time-worn pre-programming – educating yourself in order to get a decent job. While working, however, my self-made millionaires told me they felt an itch they needed to scratch – this itch was a very clear vision of what they wanted to do and who they wanted.

Many of the Dreamer Self-Made Millionaires in my Rich Habits Study, while working full-time, decided to take action to create they life they desired, by starting a side gig or pursuing some dream they were passionate about.

What they discovered, when they engaged in that side gig, was that, for the first time in their working lives, they felt alive!

This passion created a fanatical desire to learn, which helped them to grow in knowledge and/or skills.

This desire to learn also unleashed another success trait – the power of focus. As soon as that focus switch was turned on, they found themselves fanatically engaging in their passionate side-hobby or side-business every day.

Every business, even side-gigs, face a common enemy – Adversity. Adversity comes in many forms, but the most common are obstacles and mistakes. Success requires overcoming adversity. Overcoming adversity requires persistence. For the side-gig, self-made millionaires in my Study, the desire to overcome obstacles and learn from their mistakes, forced them to become persistent.  

All four success traits eventually join together, like a symphony, and this usually occurs at the exact moment a side-business begins to make decent money. The kind of money you can support a family on.

Once a side-business makes you enough money to survive, it gives you power and a sense of freedom – freedom to quit your full-time job and pursue your side-business full-time.

Money and wealth are just a byproduct of enjoying what you do for a living. Getting rich is almost always a secondary consideration for those pursuing something they are passionate about.

Doing work that you love unleashes innate success traits you never knew you had. Release your inner success traits today. Find something you love. Start by devoting just 20 minutes a day to it.