Why is it that there are so few Millionaires in the world? It certainly isn't because of lack of "wanting the money". I don't think there is a person out there that doesn't want a million dollars. It may not be the person's main priority or goal but I really can't see someone turning down the money. So if the majority of people want the money, why do so few actually achieve this milestone. I needed the answer to this question, for me being a millionaire isn't just a want but a must, so I went to work to find out what qualities all self made millionaires share.
The 7 Qualities are:
1) Persistence/Determination - This is a must, you will not meet a single self made millionaire who did not come across obstacles along their way. The difference between people who overcome their challenges and those that don't is that wealthy people understand they must persist and accomplish their goal no matter what.
2) Positive Self Concept - Truly wealthy people do not doubt themselves or what they are capable of. They have taken the time to consistently evaluate themselves in order to determine their areas of strength. Once their aware of those strength's, they are unwavering in the pursuit of playing to those strength's . They have the courage to stand up to others and the challenges they face because they understand what they are capable of.
3) Willingness to take risks - You've all heard the definition of Entrepreneur. Someone who is willing to take risks in the pursuit of profit. You cannot hold back and let opportunities pass by because you are afraid. Wealthy people understand that their are things in their control and things that are not and they don't let the difference get in their way.
4) Flexibility - You need to be flexible in your life if you want to be successful. Don't get tied down by financial obligations, or by people who aren't focused on the same goals as yourself. That way when opportunities present themselves your able to pounce on them as opposed to hold back and wait because you have to choose between an outrageous mortgage or an investment opportunity.
5) Organization and Planning - My personal favorite. To put this one simply: If you cannot manage yourself or small amounts of money, how do you ever expect to manage large responsibilities and large bank accounts? You cant. If you are not willing to plan daily and weekly then don't bother trying to be wealthy. The two cannot coincide.
6) Attitude - Millionaires have an indestructible attitude. It is rock solid no matter what obstacles come their way. I need to make something clear when I say attitude; Attitude is not putting on a smile and everything will be puppies and rainbows. Attitude is the ability to know that you will succeed no matter what obstacles get in your way.
7) Industriousness - Millionaires have the ability to work hard until completion. I need to stress the importance of following through until the job is done. Millionaires don't get half way and give up. They work and they work very hard to get the results that they have. You might be thinking I know millionaires and they don't have to work very hard, and that may be true now, but I can almost guarantee you that they either didn't start out that way or they were not actually a self made millionaire.
This is what I've learned through talking with and meeting very wealthy people. It is up to you whether you choose to follow these idea's or not, but if you wish to be financially successful yourself, I strongly urge you to take these character traits and master them.
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