In my research on the habits of self-made millionaires I discovered two types of habits that these millionaires used to help them achieve success: Temporary vs. Long-Term Habits.
Temporary Habits
Temporary Habits are habits that make it possible for you to accomplish a short-term goal.
It might be studying for the CPA Exam, the Bar Exam, Med Caps, CFP, Series 7 or other licenses that help advance you in your work life.
It might also be saving money for a down payment on your first home, a car, an addition to your home, etc.
Temporary Habits don’t necessarily stick with you for life. They last for as long as you need them to last.
Long-Term Habits
These are habits that stick with you for life. They help build the infrastructure for a better life.
Examples include reading every day to learn, practicing a skill every day, exercising daily to improve your health, eating healthy every day or daily habits that promote a positive mental attitude (i.e. expressing gratitude every day or meditating).
Long-Term habits are like the foundation of a building – they lay the foundation for a good, healthy, happy and successful life.
One of my favorite long term habits is to watch or read something funny every day. I find this habit helps my day to feel just a little better. What’s your favorite habit right now?