7 Core Habits of Millionaires

These are harsh, but we aren't afraid to tell the truth to get you to success

Author

Cashflow Chronicles
February 16, 2024

Hey Cashflowers,

Last week we dove into 7 habits you need to get out of to start cashflowing, so we are pairing that up with the 7 most likely habits millionaires have before they make their millions.

Jam-packed full of useful tips, this newsletter is one you are going to want to take notes on.

Let’s dive in!

You Have To Believe

A common mindset amongst millionaires is to think they are better than others.

Look at the top-level professional athletes who are just better than everyone else, for example, Michael Jordan.

He knows he’s better than others when he’s on the court, but not in a bad way.

See, people who think they’re better than others and bring the work to prove it are the ones who succeed.

They have a mental framework to prove to themselves, and it’s something worth working on.

The times where this gets dangerous are when some people think they’re better than others, but don’t want to back it up with the necessary amount of work.

These people are delusional.

Don’t be that person, you have to work hard.

You only get to think you’re better than others when you can prove that you actually do more and work harder than others.

High-Stress Tolerance

Proceeding to the top of any aspect of life is going to be hard and put a strain on you.

If you start a business that’s going to make you millions, you’re going to be managing people, investments, your own time, family matters, and much more.

Sure being a millionaire sounds great on paper, but if you want the most chilled and relaxed life, it isn’t for you, unfortunately.

Think about a bodybuilder.

If said bodybuilder tried to compete but never wanted to get sore from the gym, didn’t want to push themselves, and wanted to eat whatever they wanted, do you think they’d win?

Nope, not even close.

Persuasion

Being able to persuade people, sell, and have charisma is extremely important.

You won’t get anywhere with any business or people in general if you can’t speak smoothly without stuttering and being straight to the point.

Good news, you can learn this.

There’s an amazing book written by Bob Burg called “The Art of Persuasion”, and it’s one of the most influential books to this day about speaking and persuading.

Mastery

Trying to focus on your passion and combine it with money isn’t going to be the best way to start a business.

It won’t stay your passion, it’ll stress you out, and it’ll make you give it up in the end.

Passions are something you rebound with or do on the weekends, not commit yourselves to for 40 hours a week.

Find something to dedicate yourself to that you have to learn and sacrifice for, this will make you appreciate it forever down the road.

Have an Ego

You need some form of faith.

Something bigger than yourself that will humble you, and keep your ego in check, but that doesn’t mean not to have one.

Having an ego for what you do means you’ll expect higher results from yourself and your team, and most likely lead better yourself.

Having an “Over-the-top” ego isn’t what we are saying here, we are talking about the ego you can take pride in, and still be humble about.

That’s why we mention faith, because as long as you have some form of faith, you’ll always have something to humble you.

Watch Risk

Visualizing risk is both a talent and a habit of some of the most successful people in the world.

The best chess players aren’t thinking 3 steps ahead, but they’re thinking of every move possible for the next 50 moves.

The best way to deal with what’s coming is to see it before it hits you.

Like punches or bank fees.

Expect the difficult times by thinking of how they could come about, then use that to avoid them or solve them.

Winning’s Easy, Staying There is Hard

Lottery winners are great, they’ve made a lump of money once.

Even people who make a million dollars are great, but there is another level of difficulty and respect when you can do it over and over again.

Doing something once can happen miraculously, but achieving a consistent result is extremely dependent on the skills required to get there.

Always remember that just because you did something once, doesn’t always mean it gets easier.

Goodluck future millionaires

Cashflow Chronicles

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