Wednesday, June 4, 2008

Five Habits of Millionaires

-Barbara Reinhold, career coach at Monster

was jus gng through this article found it worth sharing....here its goes
5 habbits of millionaires......


1.Avoid The Earn-to-Spend Mentality

Michael LeBoeuf, author of The Millionaire in You points out that to increase wealth, it's essential to emulate millionaires who view money as something to save and invest, rather than income to spend. Many wealthy people live quite simply, he points out, choosing less pretentious homes than they could theoretically afford and opting for financial independence over material showmanship.

2.Focus

LeBoeuf also counsels resisting the impulse to be scattered in your efforts and interests. "Winners focus; losers spray," he says. And goals that are clearly written down are easier to keep in focus.

3.Do Whatever Is Necessary to Meet Your Goal

People who earn their millions are able not only to focus, but to persevere in the pursuit of their goals. One single mom entrepreneur, Melissa Clark-Reynolds, started her first business, a health and safety consultancy, when she had a young son. En route to her goal of being a millionaire by age 35, Clarke-Reynolds and her son ate lots of pizza, did homework late at night and often slept at the office. She is now a chief executive mentor for Empower New Zealand, a global business consulting firm headquartered in London.

4.Take Calculated Risks

Perhaps it goes without saying, but you have to take strategic risks to earn and grow money. And a little rebelliousness seems to help too. One interesting study found a majority of male millionaire entrepreneurs had been in trouble with school authorities or the police during their adolescence.

5.Be Generous

And why doesn't it surprise us that millionaires are often very generous? Sometimes it's for the tax breaks, obviously, but often it's not. Among the most generous of millionaires are those from North America, who are, according to a Merrill Lynch Cap-Gemini report, two to five times more likely to give to causes they value than their European counterparts.



hmmm feel gd after reading it....so did i..

just want to say

"winners dont do different things...they just do it differently""...


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