7 Success Habits of Millionaires Tweet

Bangalore: Money matters. Everybody wants it. Everybody is searching for the magic Mantra to make it."You only have to do a very few things right in your life so long as you don’t do too many things wrong”, says Warren Buffet, the third richest man in the world. So what does it take to mould your own destiny? Here are some of the attributes of the self made rich:

Goal Oriented Passion

Be a dreamer with a mission and always on the lookout to bring ideas to fruition. Achieve the perfect marriage of dreams with reality. Bill Gates, an avid reader, developed an interest in  programming at a very early age and at the tender age of 15, he, and pal, Paul Allen went into business with  "Traf-o-Data," a computer program that monitored traffic patterns in Seattle, and netted a cool $20,000.Its about knowing what you want to do and also loving it. Flights of fantasy with feet firmly grounded.

Dedicated Initiative and Proactivity

Success comes to those who go looking for it. To quote Mark Zuckerberg, the CEO of Facebook and one of the youngest everbillionaires,” I just think people have a lot of fiction. But, you know, I mean, the real story of Facebook is just that we've worked so hard for all this time. I mean, the real story is actually probably pretty boring, right? I mean, we just sat at our computers for six years and coded. “It’s never a giant leap but a lot of small, carefully measured steps to the top involving a lot of burning the midnight oil and rising with the sun.

 

Economical Spending

Every penny that goes into building a fortune counts. And pinching pennies is the way to maintaining that fortune. Ask Warren Buffet. Despite raking in the moolah to splurge at will, he remains to this day, a man of simple tastes, reportedly living modestly in same house in Omaha, Nebraska, that he bought in 1958 for $31,500.

Calculated Risk Taking

 

Treading the beaten path can lead to stagnation while jumping into situations can prove disastrous. Capital can be easily frittered away. It takes a lot of guts to take the road less travelled. But it is a journey both adventurous and rewarding. What is needed is a balanced approach whether investing in stocks or diversifying into a new line of business. Carefully considered and researched risks ensure that money is used to grow more money.

 

Discipline

The greatest asset is one’s own self. Healthy eating, exercising, and resting keep the body in prime condition. The mind is a muscle which needs to be exercised as well. Regular reading and writing are ways to keep the mind sharp. Making social and meaningful connections with others gives one a sense of support and well being .Also, exploring the spiritual aspect of life leads to new awakenings of self discovery and renewed vigor for greater accomplishments.

Synergized Networking

Winners don’t work in vacuums. A simple handshake goes a long way in building a strong, resourceful network around one.Success is a collaborated effort among individuals who come together as a team bringing with them a potpourri of different ideas. It is an endeavor of creative cooperation between open- minded people working towards common goals, while respecting each other’s differences and exerting positive influences on each other.

Learning

 While Pink Floyd sang ‘We don’t need any Education’, there were future billionaires dropping out of the education system: Bill Gates, Richard Branson, and Micheal Dell, to name a few.But the learning never stopped. Keeping pace with changing times is one way of growth, but accelerated growth needs path breaking innovations that lead the change. And innovations start with knowledge. An unquenchable thirst for knowledge slaked upon learnings from books, people, and experiences is imperative to maintain lifelong success.