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9 Habits of Self Made Millionaire by Adam Khoo

[Preview] Reasons why you are not rich yet​

  • Haven't followed a consistent financial plan
  • Easily distracted by material
  • Scared of taking risk
  • Haven't found a way to increase any value to increase income
  • Not following a strict budgeting
  • Not taking extra education

1. Always Exceed Expectation​

  • If you do exactly as expected and you will soon be out of business

2. Be Proactive​

  • Proactive people take initiative to make things happen
  • Proactive people will keep searching for opportunities else create one
  • Reactive people on the other hand, wait for things to happen

3. Take 100% Responsibility​

  • Unfortunately most people choose to adopt the victim mindset of giving excuse, blaming and complaining
  • Millionaire take 100% responsibility for their wealth
  • They believe they alone create their wealth through their strategies and actions

4. Delayed Gratification​

  • Instant gratification is the habit of always wanting to enjoy now and not having the patience to wait for the future benefits
  • Instant gratification spends a lot rather than investing
  • People with delayed gratification invest a lot more than they spend, spending (frugal) but not hesitate spending thousands for investment
  • Millionaire never take shortcuts in business - always giving the best value to their customers even if it means earning less at present

5. Do what you love​

  • To become best in the market, be totally 100% committed towards your career and business
  • People must be obsessed and committed towards something is when you have love and passion for it
  • All successful individuals have one thing in common - intense passion for the particular career

6. Acting With Integrity​

  • Integrity is being honest with others and adhering to high moral standards
  • It is also about doing what you say you will do
  • When you act with integrity, your customer, colleagues, and staff will place their trust in you
  • It takes 20 years to build reputation and 5 minutes to ruin it

7. Be 100% Committed(Must)​

  • When something is a MUST, you will do whatever it takes to get it (within limits of integrity
  • Main problem is becoming financially abundant is rarely a MUST for most people
  • However it is always a MUST to survive so most people merely SURVIVE

8. The ability to turn failure to success​

  • Millionaire approach failure very differently
  • If they do not reach their goals, they see themselves gaining a learning experience
  • Failure is not but a detour
  • They see it as feedback that they are not using the right strategy
  • Success is the result of good judgement and good judgement is the results of experience and experience is the result of bad judgement

9. Respect and love money ​

  • Many may not realise at deeper level that their subconscious mind holds many limiting beliefs about money or association with lots of negative talks towards money
  • Debunking myths of money