HOW THE RICH GET RICHER — DAY-TO-DAY HABITS OF SELF-MADE MILLIONAIRES

Although many people inherit their fortunes, most of the world’s millionaires are self-made. What makes this possible — for the most part — is their ability to jump at the chance as soon as it arrives.

Still, new opportunities created by emerging technologies, yet-to-be-explored niches, and ever-changing economies are but a fraction of the factors that constitute this state of affairs. One often-overlooked element of equally significant importance is the daily habits of those who accumulate notable wealth.

As it turns out, things we repeatedly do in life have an immense effect on our living conditions — including our financial situation. It proves true what was once stated by Will Durant, who encapsulated the thoughts of Greek philosopher Aristotle in two short sentences: “We are what we repeatedly do. Excellence, then, is not an act, but a habit.”

Besides reading consistently and sleeping at least seven hours a night, generating wealth can be catalyzed by other habits, such as exercising every day, hanging out with successful people, and checking in with mentors. Here is a list of “rich habits” that you should start developing today.

Nowadays, it is easy to forget about maintaining our health. After all, who has enough brainpower to think about an afternoon gym session when many other things occupy our minds? Considering repayment dates of student loans, upcoming events we want to attend, and business meetings are only a few examples of stuff that usually takes precedence over exercising.

Yet, many successful entrepreneurs pay much attention to their level of physical activity. Why? While some state it helps clear their mind, others appreciate the discipline it imposes on them, making them more aware of their responsibilities and goals.

Whether jogging, walking, cycling, or running — physical activity can help you excel as an entrepreneur. It offers brain-changing benefits that are hard to forgo, even if you are not a fan of breaking a sweat.

Brushing shoulders with the world’s elite is not something many can do on a regular basis. Nevertheless, these are not the only people who can be called successful. Who earns the right to bear this title ultimately depends on what we consider a success and what values we strive to follow.

If hanging out with the top one percent is off the table, attractive alternatives include business people who achieved success locally, internet personalities and influencers who gathered masses under their banners, and one’s parents who put an excruciating amount of effort into raising an ambitious individual.

At the end of the day, it is not about someone’s position or the size of their bank account that determines whether they are a successful person or not. Instead, it is more about one’s mindset and attitude towards others. If a person is goal-oriented and optimistic, there is a high chance they will help you achieve even your wildest ambitions.

Reading is not only advantageous when one wants to attain a college education but also when trying to amass substantial wealth. At least, that is the conclusion we may arrive at when we discover it is the favorite pastime of the world’s wealthiest people.

Rich people like to read because it is one of the most straightforward ways to self-educate and keep up with the trends. Furthermore, it is an excellent method to develop an extensive vocabulary, improve communication skills, and slow cognitive decline.

If you use reading to expand your horizons, it might be just as good for your wallet as for your brain. All you have to do is grab the right book and read it every day until you are ready to move to the next one.

Having someone who can provide us with guidance during difficult times is invaluable. Such a person can help us discover new opportunities and avoid falling into well-conceived traps. As a result, it is hardly surprising that many wealthy people cherish their connections with their old-time mentors.

Perhaps the most beneficial aspect of frequently checking in with your mentors is the valuable lessons they can provide you with. No matter what you do, they will offer you unique bits of knowledge applicable to almost every situation you may find yourself in. They can make you a better person and business owner, which is why you should always allocate some time to talk to them during the day.

Having someone who can provide us with guidance during difficult times is invaluable. Such a person can help us discover new opportunities and avoid falling into well-conceived traps. As a result, it is hardly surprising that many wealthy people cherish their connections with their old-time mentors.

Perhaps the most beneficial aspect of frequently checking in with your mentors is the valuable lessons they can provide you with. No matter what you do, they will offer you unique bits of knowledge applicable to almost every situation you may find yourself in. They can make you a better person and business owner, which is why you should always allocate some time to talk to them during the day.

Being a business owner in today’s day and age can be a tough row to hoe. Still, many people have found success as entrepreneurs through sheer willpower, dedication to their craft, and practicing a few healthy habits to boot. If you want to follow in their footsteps, one of the best things you can do is build the habits mentioned above and break those you deem harmful.

While exercising and reading will not make you a millionaire at the drop of a hat, they can certainly help you get the right mindset to achieve your goals and thrive in the role you want to fulfill. Similarly, checking in with your mentors and hanging out with successful people can make your quest of getting rich a bit more attainable — if not by helping you establish long-lasting relationships with respected individuals, then by bolstering your self-confidence.