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5 Common Millionaire Traits That You Need to Embrace

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5 Common Millionaire Traits That You Need to Embrace

Most millionaires are entrepreneurs and business owners who create some product or service that is unique to the intended market. A large percentage of these millionaires are self-made. But then, most have habits that make them become wealthy. They share common traits that have spurred them into striking rich. Tom Corley, author of Rich Habits: The Daily Success Habits of Wealthy Individuals says [bctt tweet=”Your habits are the reason why you’re rich or poor.” username=”founder360mag”]

Below are some of the common traits that you might want to emulate:

They Read a lot

When Warren Buffet was once asked what his key to success is and he pointed to a stack of books nearby and said, “Read 500 pages like this every day. That’s how knowledge works. It builds up, like compound interest.” The ultra-successful people have this trait it common – reading a lot of books. And they don’t just read any books, they choose to read educational books over novels, magazines etc. Reading is always part of their success and they do this whether they have formal education or not.


Get Up Early

Most successful people wake up early. It’s not a coincidence that Larry Schultz, Tim Cook, and Jack Dorsey are well known successful people who wake up early. Waking up early allows you to cover a lot of activities like exercising, getting updates on the day’s news way before everyone else.  A study by the University of Toronto shows that early risers are generally happier and have higher satisfaction overall with their lives.


Commit and Pursue Goals Relentlessly

Successful commit to their goals 100%. Not only do they commit to their goals, they pursue them persistently. In his Entrepreneur blog post, Joel Brown highlighted that 95% of the successful achievers he interviewed practiced writing down their goals, plans, or vision for success on a regular basis. These goals are broken into daily to-do tasks as per their priority.



Successful people know that networking is an essential part of building wealth. It is one of the lifeblood of maintaining long-term and valuable business relationships. Professional networking whether in person or online provides an opportunity for an entrepreneur to meet investors, meet potential clients and also building both you your brand.  Read our previous article on the networking skills every entrepreneur can adopt.


Positive Attitude

Having a positive attitude is a prerequisite towards becoming successful. This is because it allows you to use 100% of your brain. It is your attitude, not your aptitude that really determines your altitude. A positive attitude allows you to generate positive energy towards your customers and team members, therefore, leading to maximum performance.

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