Habits that make Millionaires

I have added this little tidbit of information as a modivation for you to focus your intentions.

Keep in mind that you must have a target and the tools (knowledge) to get you there.


According to a study of college students more than 50 percent of these young leaders expect to be millionaires within their lifetime.


What's more, 5 percent of them expect to hit the million-dollar mark while in their 20s.

Earned Money vs. Easy Money


Easy money usually comes from inheritance or luck, such as winning the lottery.


The track record of people who get their money through the lottery or other windfalls is usually very different from those who created their wealth themselves or who planned for an expected inheritance.


Lottery winners are often a sorry lot; more than 90 percent use up their winnings within 10 years -- some go through their money in weeks or months.


But there are some consistent patterns among those people who earn or plan to inherit their money, and these five strategies may be worth emulating.


1. Avoid the Earn-to-Spend Mentality


Point 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


Resisting the impulse to be scattered in your efforts and interests: "Winners focus; losers spray." 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 persevere in the pursuit of their goals.



One single mom entrepreneur, started her first business, a health and safety consultancy, when she had a young son.


While en route to her goal of becoming a millionaire by age 35, she and her son ate lots of pizza, did homework late at night and often slept at the office.



She is now a chief executive for a global business consulting firm.


4. Take Calculated Risks


You have to take strategic risks to earn and grow money. 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


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. One Swiss millionaire, for instance, gave $5,000 in cash to a waiter at a Jerusalem café who foiled a Palestinian suicide bombing.



Among the most generous of millionaires are those from North America, who are, two to five times more likely to give to causes they value than their European counterparts.


These five habits are a pretty good prescription for living happily even if you're not a millionaire.
It's not so unusual to be a millionaire. As of 2004, there were 8.2 million households with a net worth of more than $1 million.


Are the folks in those households happy ? Yes.


The happiest among them, he says, seem to be "highly educated, well-paid women who have jobs."


How much money does it takes to be happy ?


"About $1 million, give or take a little."


Get Happy Now : Seek Knowledge - Stay Focussed on Target