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I became a millionaire at the age of 34. But I could have been a millionaire even sooner if I had known and practiced these 10 habits. Let me spill the beans for you:
First off, reading is vital. I discovered that 88% of financially successful people read for at least 30 minutes daily. So grab a book and get your brain churning!
Next, write down your goals. Statistically speaking, written goals are a whopping 42% more likely to be achieved. It’s like magic, I tell you.
Here’s a tip that might surprise you. Get up early! You won’t believe it, but 50% of millionaires wake up three hours before their workday begins. That’s some serious dedication.
Oh, and remember, sleep. The majority of millionaires make sure to get at least 7 hours of shut-eye every night. Beauty sleep AND financial success? Count me in!
Now, let’s talk about exercise. Did you know that 76% of millionaires exercise for at least 30 minutes each day? It keeps their minds and bodies sharp as a tack.
Here’s a no-brainer: avoid bad debt. Millionaires understand that interest expense is just plain old waste. So save yourself the headache and steer clear of it.
Investing is another secret to success. Many millionaires invest at least 20% of their earnings into retirement and non-retirement appreciating assets. It’s like watching your money grow in real-time.
But wait, there’s more! Millionaires know the power of creating multiple streams of income. They usually have a whopping seven sources, including dividends, a 9-5 job paycheck, rental income, royalties, capital gains, profits from businesses they own, and interest from savings and bonds. Talk about diversifying your cash flow.
Now, this sounds scary, but it’s worth it. Millionaires are fearless in taking risks. They step into the arena, ready to fail to succeed. It’s all about that leap of faith, my friend.
Finally, seeking advice is crucial. Millionaires always have experts and mentors in their corner, guiding them toward greatness. So don’t be afraid to ask for help!
Well, there you have it. These 10 habits could have made me a millionaire even sooner. There is always time to start! So what are you waiting for? Get cracking on those habits and watch your bank account grow.Â
You can thank me later.
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