Hello, beautiful people from across the lands. Becoming debt-free for me means becoming the opposite, wealthy. It is important to know that on this journey it’s more than just crunching numbers but developing habits that propel to your financial destination. Often when discussing millionaires there are common habits study say they display.
Read
The average millionaire reads two or more books per month. The real question is what are they reading? Just reading alone does not mean you are on your way to millionaire status. I think it’s safe to say some folk may even read more than that a month. It’s all about the content being consumed. Just reading isn’t enough, you have to apply by bringing those words into action. I always say “Applied Knowledge is Power”. It’s not good enough to just know a thing but to do the thing you know. I’m just going to be honest for second sitting down reading a book has been a struggle after undergrad and kids. I need the Audible app in my life!
Create Multiple Streams of Income
The average millionaire has 7 STREAMS OF INCOME. Depending on or building your life with one stream, linear income is dangerous. Having multiple streams creates a safety net allowing you to diversify your income. We are in a gig economy where there are side hustles for everything! There are so many ways to add to your income, adding cash flow to your streams. Now I want to be clear a side hustle and an income stream are two different things. For it to be considered a stream (think of how the water flows with no effort) it must operate as passive income.
Patience (delayed gratification)
Millionaire especially billionaires understands the importance of delayed gratification. The world we live in today is the complete opposite. The level of irritation when my Wi-Fi decides to upload slow when I use to sit patiently as a kid for the dial-up internet. Remember all the weird noises?! This habit I think is the most important of them all. Understanding good things take time is essential and will help influence smart financial decisions. We are such a reactive society in more ways than one. Spending money is a big one. Time is the main ingredient for wealth.
Becoming a millionaire is something that can be a reality when consistently implementing proven habits in your life. I can confidently say I’m a thousandaire working my way up to millionaire status!
Until next time dream, believe and achieve.
