15 Success Secrets of Self-Made Millionaires

Success doesn’t require financial resources or formal education. Most of the financially successful people started off broke or nearly broke and with basic education. If they can do it, then so you can.

According to the law of cause and effect, for every action, there is a result. Success isn’t an accident. It’s the result of doing specific things over and over again until you get your desired result.

Once you start thinking like self-made millionaires and do the things they do, you’ll begin to get the same benefits they’re getting. Below are 15 success secrets of self-made millionaires.

1. Dream big.

Allow yourself to imagine the life you would want to live. Imagine you have no limitations on what you can have or be in life. Imagine you have all the resources you need to achieve everything you want.

Then practice “back from the future” thinking. This technique has proven to be powerful when it comes to achieving goals. By projecting yourself forward five years, it’ll become clearer to you what steps you need to take now to get you closer to your goal.

We tend to move in the direction of our dominant vision, and the clearer your vision is, the faster you’ll move toward it.

2. Set goals.

This is the next step you need to take after visualizing your dream life. Those who set clear specific written goals, tend to accomplish far more than the average person who never writes down his goals. In fact, more than 90% of adults have never made a list of goals in their entire life. No wonder a small number of people become successful.

After writing down your goals, ask yourself “which one goal on this list, if I achieved, would have the greatest positive impact on my life?” Start with that goal, set a deadline, make a plan and take action.

Do something every day that is going to move you closer toward your goals.

3. See yourself as self-employed.

Seeing yourself as self-employed means that no matter who signs your paycheck, you accept full responsibility for your own life. You refuse to complain about the things in your life you’re not happy about and you refuse to blame others or make excuses for your shortcomings. By doing that, you develop a mentality of a highly independent individual and you start seeing yourself as completely in charge of your life and your success.

People who develop such a mentality are those who are willing to take on more responsibilities and take high levels of initiative. As a result, they become the most valuable in their organizations.

4. Do what you love to do.

One of your priorities in this life is to find something you really enjoy to do and throw your whole heart into doing it. Successful people find fields where their strengths and abilities are required to do the job. This is why you hear most successful people say that they never worked a day in their life. They’re enjoying what they’re doing.

5. Commit to excellence.

Successful people are recognized as being extremely competent in what they do. Set a goal for yourself to be the best at what you do. Ask yourself “What one skill, if I developed and did in an excellent fashion, would have the greatest impact on my life?” then go and learn that skill and become good at doing it. Attend workshops, read books and work on becoming better every day. You’ll be amazed at what difference commitment to excellence will make in your career and in your life in general.

6. Develop a workaholic mentality.

In the early stages of your success, developing a workaholic mentality is essential in order to learn whatever you need to reach the success level you desire. Start earlier and stay later and work harder. The more hours you put in, the faster you’ll reach your success.

7. Dedicate yourself to lifelong learning.

Your mind is like your muscles, it only develops with use. The more you learn, the more you can learn. Dedicating yourself to life-long learning is the fastest way to success and building wealth. Start reading in your field for at least 30 minutes every day. Attend workshops and seminars, and listen to audio programs.

8. Save and invest.

Expenses rise to meet income. People are getting promotions and are earning more, yet, they find themselves deeper in debt. Media is promoting the idea that millionaires are living in mansions, driving sports cars and vacationing year-around. The truth is, millionaires are living next doorHowever, they’re financially independent and enjoying the freedom of doing what they want whenever they want. Learning how to save and invest is one of the most important qualities in millionaires.

9. Dedicate yourself to serving others.

Your wealth is in direct proportion to your service to other people. Millionaires are those who are finding solutions for others’ problems. The most successful businesses are obsessed with customer service and are continually looking for new and better ways to serve their customers.

So be willing to go the extra mile to serve your customers and give value. Be perfectly honest in doing so and develop a reputation for absolute integrity. It can go a long way.

10. Set priorities and concentrate on one thing at a time.

Setting priorities and concentrating your effort on doing one thing at a time is your formula for the light level of productivity and performance. To do this, start with a list of everything you have to get done. Prioritize by asking yourself “What is it that if I do would more valuable to my work than anything else?” This is your highest value activity. Start with it and stay with it until it’s 100% complete. Delegate and/or eliminate the rest.

11. Practice self-discipline.

Self-discipline is the willingness to delay instant gratification for the long term results. This is the price successful people are willing to pay for the success they desire. If you can discipline yourself to so what you should do, when you should do it, then your success is virtually guaranteed.

12. Surround yourself with the right people.

The people you surround yourself with, will either help you achieve your dreams or hinder you. Successful people make it a habit to build and maintain a network of high-quality relationships. As a result, they’re accomplishing vastly more than the average person.

If you want to be successful start associating yourself with successful people and keep your distance from the negative ones.

13. Be decisive and action-oriented.

Successful people are action takers. They move fast and get quick feedback from their actions. If they make mistakes, they self-correct and try something else. They realize that if they tried different ways, the odds are that they’ll find the right way to do it. By taking action, you’ll be able to get more done and over ahead faster than the average person.

14. Failure isn’t an option.

One of the greatest obstacles to success is the fear of failure. Note that it’s not failure itself. If anything, failure is a great way to learn and improve your ways.

Dare to go forward and whenever you’re faced with a risky situation, ask yourself “What is the worst possible thing that could happen?” this will not only help you prepare for the outcomes but also rationalize your fear of failure.

"Make a habit throughout your life of doing the things you fear. If you do the thing you fear, the death of fear is certain." - Ralph Waldo Emerson

15. Persist.

Program your subconscious mind for persistence well in advance of the disappointments and struggles that you’re going to face. Resolve that, no matter what will happen, you’ll never give up. Your willingness to stay at it longer than anyone else will guarantee your success.

Success is predictable. By practicing the principles of success, you will achieve your goals and start living the life of your dreams.

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