Are you a millionaire in the making? Froom Fiona, the Millennial Money Woman
Are you a Millionaire in the Making? 10 Ways to Tell if you are a Pre-Millionaire – Thread –
1. You Seek High-Quality Friendships
Cultivate rich relationships and avoid toxic ones. Your inner circle should include people who are:
You are who you associate yourself with.
2. You Grow from Failure
When you fail, you’re giving it your all.
There is no such thing as failure. You either learn or you win.
3. You are Building Passive Income Streams
The average millionaire has up to 7 streams of income.
Warren Buffett said it best: “If you don’t find a way to make money while you sleep, you will work until you die.” To be a millionaire, think like a millionaire.
– Recommended Reading: 26 Best Passive Income Ideas for 2021 [Earn $1,000+ Per Month] Learn more here: https://themillennialmoneywoman.com/passive-income-ideas/
4. You Read
85% of millionaires read 2+ books per month.
Books offer advice on:
- Personal development
If you want to succeed, you have to read.
5. You Understand Basic Financial Concepts
Lack of financial literacy can cost you money.
Financial literacy helps you:
The wealthy build and maintain their wealth because they understand the financial system.
6. You Never Stop Learning
With the dawn of the internet age, knowledge is at your fingertips.
How to learn 1% more daily:
- Stay involved
- Stay informed
- Stay educated
- Stay connected
Learners are earners.
7. You Give Back
72% of millionaires volunteer 5+ hours every month.
You become successful because of your community’s:
That’s why the successful:
- Donate time
- Donate talent
- Donate money
A rising tide lifts all boats.
8. You Exercise Daily
76% of millionaires exercise 30+ minutes daily.
Regular exercise increases:
- Sleep quality
- Physical fitness
- Mental concentration
A healthy mind lives in a healthy body.
9. You Prioritize your Time
Everyone has 24 hours. Use your time wisely to make your goals a reality.
How to prioritize:
- Eliminate time wasters
- Identify long term goals
- Finish the most important tasks first
Say “no” for a better “yes.”
10. You have a Winning Mindset
80% to 85% of millionaires are self-made.
Anyone can win, if you:
- Change your habits
- Change your friends
- Change your mindset
If you want to be like the wealthy, you have to think like the wealthy.