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Is being competitive part of the DNA of self-made millionaires?
It depends.
There are four paths to wealth:
- Saver-Investor Path to Wealth
- Big Company Climber Path to Wealth
- Virtuoso Path to Wealth and
- Dreamer-Entrepreneur Path to Wealth
As a rule, Saver-Investor-Millionaires and Knowledge-Based Virtuoso-Millionaires are not competitive. Because they are not competitive by nature, they gravitated to non-competitive paths to building their wealth.
Big Company Climbers, Skill-Based Virtuosos and Dreamer-Entrepreneurs, however, are hardwired to compete.
What were some of the sports these Competitive Millionaires engaged in?
- Boating/Sailing
- Basketball
- Baseball
- Football
- Hockey
- Skiing
- Biking
- Fishing
- Golf
- Shooting (guns)
- Hunting
- Running
- Tennis
- Water Sports
Many began playing sports as a child and then migrated to new sporting activities in high school, college or later in life.
Competitive Millionaires also enjoyed betting, but generally only on sports they engaged in.
The good news is if you lack the competitive gene, you can still become wealthy. You just have to pick the path to wealth that doesn’t require the competitive gene.
Tom Corley is an accountant, financial planner and author of “Rich Kids: How to Raise Our Children to Be Happy and Successful in Life”, Effort-Less Wealth, Change Your Habits Change Your Life, Rich Habits Poor Habits and “Rich Habits: The Daily Success Habits of Wealthy Individuals.”
