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 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.
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.