WHAT ARE HABITS?
Habits are defined as such:
A settled or regular tendency or practice, especially one that is hard to give up.
Example:
“We stayed together out of habit.”
This can explain why people who are in a horrible relationship, end up staying together and eventually getting married even though they no longer love one another, or even sleep with each other.
Subscribe | Like the video } Check out 4dmbox.com to master your money and for personal finance courses.
WHAT YOU WILL LEARN
Useful habits that will change your life for the better.
Easy habits to understand and implement.
Subscribe | Like the video } Check out 4dmbox.com to master your money and for personal finance courses.
1: THEY LITERALLY DON’T CARE
Millionaires don’t care about keeping up with the joneses.
Look we get it, we all have at one time bought something to make us feel like we were part of the group.
In fact it’s practically human nature, to be part of the larger social pack.
But you have to understand that when you rely on the feeling of “fake status” that comes with keeping up with the joneses.
You are literally only doing this for yourself and hurting yourself in the process.
Millionaires don’t keep up with the Joneses.
Why?
Because the Joneses are broke. They’re living a life they can’t afford. That’s not the millionaire lifestyle.
Instead of focusing on status, millionaires focus on financial freedom, independence, and happiness.
Most millionaires will tell you that acquiring more stuff doesn’t lead to happiness.
When you’re 80 years old, do you think you’ll be worried about that nice car you drove when you were 30?
This might surprise you:
Only 1 in 4 millionaires have spent $100 on a pair of shoes.
Subscribe | Like the video } Check out 4dmbox.com to master your money and for personal finance courses.
2: THEY READ OFTEN
Reading is a skill that many people overlook. Now when we say read we don’t just mean reading a book.
Reading in the context that we are talking about is where you are purposefully gaining knowledge.
Example: Reading a book about investing, listening to an audiobook about cooking fully nutritious meals, watching a youtube video on the foundations of programing an app for an iphone or android.
Gaining knowledge is something most people stop doing right after highschool and after college.
Once you get a job that is able to just pay the bills, people stop putting in the extra effort and time to simply increase their knowledge even by 30 minutes a week even.
But they’d gladly spend 10 hours per week scrolling through tiktok learning the WAP dance.
88% of millionaires devote 30 minutes a day or more to self-improvement and self-education.
They read things like this to help them gain and acquire knowledge.
They don’t rely on Facebook or Twitter for the latest news.
To them, self-development books are much more important than the latest reality show.
They turn “unproductive” time into something productive.
Subscribe | Like the video } Check out 4dmbox.com to master your money and for personal finance courses.
3: THEY DON’T WASTE TIME
There is only 1,440 minutes in a single day.
Make sure to plan your day out to make sure you utilize every minute to the best that you can.
67% of self-made millionaires spend less than an hour watching TV each day.
63% spend less than an hour a day on social media.
Instead, they spend that time pursuing their goals, dreams, reading, learning, exercising, volunteering, and networking.
So how can you be more productive?
Try creating a schedule where your plan out every hour from when you wake up to when you go to bed.
The reason why most of us feel like there is no time in the day is due to us aimlessly wandering around without a specific goal in mind.
Subscribe | Like the video } Check out 4dmbox.com to master your money and for personal finance courses.
4: THEY HAVE MULTIPLE STREAMS OF INCOME
One of the most important habits of millionaires is that they don’t place all their eggs in one basket.
The more sources of income you bring in, the more potential you have to rake in bigger paychecks.
And it helps with economic downturns.
Unexpected expenses pop up.
Economies tank.
Medical expenses happen.
The average millionaire has seven streams of income.
Not only does it increase their wealth, but it offers them opportunities to develop new connections with people.
These connections are what lead to better opportunities and growth.
It earns them more money and puts them in new places with new people.
Subscribe | Like the video } Check out 4dmbox.com to master your money and for personal finance courses.
5: BIG PICTURE THINKING
Harvard University conducted a study a few years ago.
They asked students if they had set specific, written goals, as well as if they’d made clear plans to achieve them.
Can you guess what they said?
Only 3% had written goals and plans to achieve them
13% had goals in their heads but hadn’t written them down
84% had no goals at all
After 10 years, the same group of students were interviewed again.
The results were surprising:
The 13% of the class who had goals, but didn’t write them down, earned twice the amount of the 84% who had no goals.
And the 3% who had written goals were earning, on average, 10 times MORE than the other 97% of the class combined.
This is an example of how goal setting will transform your life.
Millionaires process success.
Here’s the thing:
Goals are only goals when they have written plans to achieve them.
And if you keep a calendar and a to-do list, you’re 289% more likely to become a millionaire versus if you don’t.
Subscribe | Like the video } Check out 4dmbox.com to master your money and for personal finance courses.
6: WAKE UP EARLY
One study found that almost 50% of millionaires wake up at least three hours before their workday starts.
Why should you do that?
Because when it’s early in the morning, you’re less likely to be interrupted.
No one is going to call or text you, there aren’t any meetings, and you don’t have to worry about emails flowing in.
It’s pure you time.
And that’s why the first two hours after waking up are often called “the golden hours”
Use them wisely.
Subscribe | Like the video } Check out 4dmbox.com to master your money and for personal finance courses.
7: TRACKING SPENDING
Most millionaires know how much they spend on groceries, gas, and every other household line-item.
The reason for this is that you can’t make a solid plan on your financial future if you don’t understand your current financial situation.
Millionaires run their personal finances like it’s a small scale business.
Making sure every dollar has a purpose.
This allows them to have the freedom to buy what they want, invest what they want, go on trips that they want, because they know the flow of money in and out of their accounts.
Subscribe | Like the video } Check out 4dmbox.com to master your money and for personal finance courses.
8: DELAYING GRATIFICATION
Millionaires are capable of delaying short term gratification.
They are able to sacrifice the wants of now for the larger goal down the road.
They have no problem buying a used or older car.
They live in a modest home.
They don’t need the latest iPhone.
Still with me?
86% of luxury cars are driven by non-millionaires.
Rich people are more likely to buy Toyotas, Hondas, and Fords.
Because the quickest way to be middle class (and stay there) is to keep the never-ending payments.
Delayed gratification is one of the most effective personal habits of millionaires.
People who learn to manage their short-term desires thrive more in their careers, relationships, health, and financial lives.
But when they do buy expensive items. It is typically funded from investments in the form of inactive income rather than active income like their business/job.
Thus they use money for toys when they are not having to go out of the way to earn the money for it.
Subscribe | Like the video } Check out 4dmbox.com to master your money and for personal finance courses.
9: HANGING WITH ACHIEVERS
Millionaires will hang with high achievers.
They want to be motivated by others. They want to improve their skill sets.
The people you surround yourself with matters. Did you know that your net worth mirrors the level of your closest friends?
Winners are attracted to winners. We become the people we spend time around.
And so one of the hallmarks of self-made millionaires is their conscious effort to associate with like-minded people.
They don’t hang out with people who spend money like they’re in Congress.
If you want better habits, then hang out with better people.
This is why if you hanging around with people who commit crimes, you’ll most likely commit a crime as well.
Or if you hang out with bodybuilders, you’ll most likely get involved in bodybuilding.
You friend group can shape the life that you take.
Subscribe | Like the video } Check out 4dmbox.com to master your money and for personal finance courses.
10: INVESTING
Most millionaires invest about a minimum 20% of their income.
This allows them to consistently provide for their future and their children's future.
Creating a path to generational wealth.
This includes retirement, 401ks, roth iras, etc.
They invest consistently in things they have knowledge in, insuring that no matter what happens to their active source of income, they can live out their lives not living on the side of the street.
They don’t look fo get rich quick investments, they don’t make emotional sells when the stock market is down or the economy is hurting.
They are just consistent with their money and where they put their money.
Subscribe | Like the video } Check out 4dmbox.com to master your money and for personal finance courses.
BONUS: THEY ARE SATISFIED
Millionaires have learned to be satisfied with what they have.
They don’t care to impress people.
And that is what helps lead to their happiness.
Gratitude builds happiness.
They are content with the life they’ve built for themselves.
They find ways to improve that doesn’t involve having the nicest car or biggest home.
They realize it’s not a good deal if they don’t need it.
Millionaires aren’t winning because they’re lucky.
They’re winning because they follow these simple habits on a regular basis, throughout their lifetime.
These habits add up.
Now this doesn't mean they don’t like nice things.
It just means that they don’t care if they have nice things or not, to where it has no impact on their level of happiness.
Learn To Make Money Online: http://bit.ly/4StepsToMakeMoneyOnline
Master Your Money: http://4dmbox.com
Instagram: http://bit.ly/2vnbZOt @4dmbox
Make Money Tools:
GET FREE BITCOIN WHEN YOU BUY OR SELL $100 OF CRYPTO
► https://www.coinbase.com/join/jr_e1dx
Robinhood [Get up to a free $500 stock by joining]
► http://bit.ly/Freestocks4dmbox
Acorns [Automate your investing by rounding up your loose change and putting them into index funds]
► http://bit.ly/Passiveinvesting
Create A Sales Funnel [clickfunnels 14 day free trial]
Subscribe | Like the video } Check out 4dmbox.com to master your money and for personal finance courses.
Watch More Personal Finance Lessons
Subscribe | Like the video | Check out 4dmbox.com to master your money and for personal finance courses. Money tools/links in the description.