We are all creatures of habits. Habits are discernable, and their outcomes are further predictable. This explains why rich people behave a certain way. Productive people have the unique ability to develop and stick to excellent daily routines. Of course, high-performance habits are hard to form and even more challenging to maintain. However, they are doable. With the right combination of tenacity, grit, and commitment to being at the top of your game, you will be developing millionaire success habits in no time.
So, what are millionaire success habits? This conversation introduces you to what you need to know about the habits of successful millionaires. It is often vital in discussions such as this to learn from those who have had some experience already. Thus, we will be gathering wisdom from a success coach known as Dean Graziosi. He has his hands in so many pies and manages to excel in all of them. Dean Graziosi is the best-selling author of Millionaire Success Habits: The Gateway to Wealth & Prosperity, 30 Days to Real Estate Cash, and several others.
Graziosi’s books have all attained bestseller statuses, being on the New York Times Best Seller lists on several occasions. In addition, he is a thought leader in the field that he writes about. Hence, he is often invited to events to speak on strategies to develop millionaire habits and tips on becoming successful.
He is the founder of Dean Enterprises, a television company that focuses almost exclusively on infomercials. Graziosi is also a real estate investor. Real estate investment is one of the most volatile investment pathways anyone can take up. It requires patience and perseverance. This is because, typically, the rewards from that option come in trickles. However, Graziosi has managed to stay the course and is even a millionaire from that.
Combining all of these features makes Dean Graziosi the perfect person to suggest ways to develop and maintain high-performance habits. Thus, we will be looking at some of the principles he has taught over the years, relying heavily on his book Millionaire Success Habits: The Gateway to Wealth & Prosperity.
Millionaire Success Habits: Lessons from Success Coach Dean Graziosi
Below we will discuss the millionaire success habits that real estate guru, lifestyle, and performance coach Dean Graziosi puts emphasis on.
They Develop Daily Routines
Daily routines refer to a set of activities that you perform every day. This could range from taking a walk, writing in your journal, exercising, or talking to your loved ones. Of course, the exact daily routine you pick up depends on what you are trying to achieve at any point.
The poor underestimate the power of daily routines. This is sad because it is one of the productivity hacks that the wealthy employ. A daily routine will force you to carry out tasks even when you do not feel up to them. Furthermore, when you carry out your routines long enough, they become a part of you. You will be able to do them, just like reflex actions.
Daily routines will also set you on the path to financial freedom and save you from costly mistakes. Thus, for instance, if your daily routine is to take long walks every morning, you will be setting yourself on a path to healthy living. This will, in turn, save you the cost of going to the hospital now and then to take care of physical ailments.
As stated earlier, there is no one-size-fits-all. You can choose the daily routine you want, bearing in mind the goals you want to achieve. You should also understand that it could be hard sticking to your goals, especially at the beginning stages. You should keep your eyes on what you want to achieve. This will make it easy not to be distracted. The quest for self-improvement will spur you into sticking with your daily routines, even when you do not feel like it.
Rich People Save
It should be pretty obvious that rich people have more money than the poor. However, most people are not clear on how that comes to be. The answer is simple: the rich have a better savings culture than the poor. This is one of the most reliable millionaire success habits you can decide to imbibe.
Savings come in handy in several situations. Firstly, they provide the funds that you could use to invest. You will find it hard, if not entirely impossible, to start making investments if you do not have some money set apart from the start. Similarly, it would help if you had savings to set up an emergency fund. No one prays for tragedies to occur. However, from experience, you can tell that they are part of the human experience. For instance, as a business owner, you could encounter unprecedented losses. To achieve success in such a scenario and keep the doors of your business open, you will need to have something to fall back on. This is where emergency funds come in.
You can start by saving just a small portion of your income. But, as Dean Graziosi teaches, small trickles of savings eventually gather into a vast pool that will be helpful in the future.
No doubt, imbibing a savings culture is one of the best millionaire success habits you should want to take up.
Rich People Invest
Naturally, the next step from saving is investing. There is something definitely wrong with any arrangement where you get to save without investing in something else. As Dean Graziosi teaches in Millionaire Success Habits, the Gateway to Wealth and Prosperity, the endpoint of savings should be investments.
Thankfully, there are so many investment pathways to pursue these days. Graziosi leans heaving on real estate investing because he does that himself. However, there are so many options to choose from, including stocks, digital currencies, REITs, and much more. If you search through self-help books and the likes, you will find one that could fit what you want. In addition, you should bear in mind that investing in real estate is one of the best high-performance habits you could employ.
Successful People Avoid Debt
A peculiar thing unique to most successful people is a commitment to avoiding debts. But, unfortunately, getting mired in debts is one of the bad habits that have ruined several people. Little wonder then that poor people are often the ones struggling with debts hanging over them.
Some debts are unavoidable. For instance, the average college graduate gets to borrow and spend money to fund their tuition. Hence, they could eventually leave school with debts looming over them. Similarly, getting a mortgage is the path often explored by Americans looks to purchase their own homes. They spread the mortgage payments over a long period. The arrangement poses less stress for the buyer/mortgagee because the payment is not one lump sum.
However, even in the situations above, it is still important to eliminate the debts or reduce them. For example, Dean Graziosi teaches that being bogged down with debts prevents you from channeling your money into investments. Basically, only debt-free individuals can afford to make investments and then be on their way to millionaire status.
They Pay Attention to Their Health
The prevalent notion about millionaires is that they do not take care of their health. In popular media, wealthy people are portrayed as acute workaholics who spend little time with friends and family and have less time to dedicate to healthy living. If you picked up a random motivational book, you would most likely come across these sorts of sentiments. However good-intentioned they are, they are nonetheless false.
Millionaires and generally wealthy people pay a lot of attention to their health. They are careful about what they need, invest in exercise and physical fitness, and take rest and relaxation when they need it. You must have heard the myth that wealthy people do not sleep a lot (some folks even argue that to be financially successful, one should sleep just a few hours every day). Unfortunately, this is also not true. The wealthy understand how important being healthy is, so they take the time to make sure they are at the peak of their health.
Thus one of the millionaire success habits you could decide to form today is paying attention to your health. Take the time to craft a healthy lifestyle for yourself. Watch what you eat, make sure you exercise as often as possible, and consult a doctor when you feel sick.
They Enjoy Failure
The lives of wealthy people are often marked with strings of successes. Thus, to be recognized as a wealthy person, up to the point of being referenced by platforms such as the Wall Street Journal, you must have a unique success story to tell. However, what most people do not understand about the well-to-do is that they fail also. Furthermore, not only do they fail, but they are also comfortable with failing.
You must understand that failure and success are two sides of the same coin. No one has succeeded who has not also failed at one point or the other. Thus, running away from failure is counterintuitive. It is best to run towards it. This is exactly what Dean Graziosi teaches.
The average millionaire, say a real estate millionaire, examines the field that they want to venture into, gauges the risks, and then takes a plunge. But, of course, sometimes, their calculations fail, and they find themselves face to face with failure. When this happens, they do not back away. Instead, they make sure that negative emotions do not well up. Instead, they fall back on the power of the daily routine they have set up for that sort of situation, dust themselves off and move on.
As one of the millionaire success habits to employ, you must see failure as a stepping stone. Do not let the fear of failure stop you from achieving whatever you need to achieve. On the other hand, if you try their hands at several things and fail, you should get up and continue. No one gets wealthy by running away from the challenges or the failures.
Conclusion: Millionaire Success Habits
As you can tell, the amazing things you heard about Graziosi are not mere hogwash. He is an expert both in real estate investing and in leadership. If you are interested in personal development and becoming the next millionaire amongst your peers, you should pay attention to the instructions here. Graziosi’s suggestions are practical and not as grandiose and unattainable as many experts tend to do. This is unsurprising as Graziosi is not just a coach but is also a wealthy person in his own right. To further expand your reading, you may want to pick up some books that will help you. Some of them include Millionaire Success Habits (Dean Graziosi), Self Made Millionaire (Brian Tracy), and the Automatic Millionaire by David Bach.