9 Qualities of Self-Made Millionaires

9 Qualities of Self-made Millionaire

Why are successful entrepreneurs called “self-made” and not”school-made”? Think about it.

It is the dream of every youth in Nigeria to become a millionaire in their lifetime, while some attain such lofty height, others do not.

You ask, what could be the reason? Virtually everybody is working hard and they seem not to go anywhere. The hard truth is they are not doing some things right.

For all I know, everybody has the ability to become a millionaire but you must put on the right attitude and lifestyle.

  1. LIVE BELOW THEIR MEANS:

This means you should create a lifestyle you can pay for with money left over after saving. i.e. you don’t have to pretend to be a big boy when secretly you’re dead broke. Self-made millionaires control their expenses while climbing the ladder of success.

  1. SELF-EMPLOYED OR OWNS A BUSINESS:

I categorically tell you that a job will not make you a millionaire-you may have to work for about 20-30 years. Jeeez!! That seems like forever. Owning a business gives you 74% chance of becoming a self-made millionaire.

A  job will earn you a living but your business will earn you a fortune.

You see many young people want to be entertainers like Beyonce, Rihana, 2face Idibia, P-square all those rock stars but studies have shown that becoming an entertainer gives just 1% chance of becoming a self-made millionaire. I’m not saying this to discourage anyone but I’m telling you the reality. So, talent is not enough.

Related Post >>> 13 Wealth Killers and how to avoid them

  1. HAVE KNOWLEDGE ABOUT INVESTMENT:

You cannot dream to be a millionaire and not know or talk about investment. There’s no successful entrepreneur I know who has not made an investment or who does not have the slightest idea about it.

Recommendation: Guide to Investing by Robert Kiyosaki- author of Rich Dad Poor Dad.

  1. HONESTY:

Since you’ll be making most your money from people you have to be honest with them. You know that one lie can ruin a thousand truths. You can’t afford to be dishonest no matter what. Let truth be your brand. Don’t promise what you can’t fulfill. It’s dangerous for an entrepreneur.

  1. DISCIPLINE:

The discipline you learn and character you build from setting and achieving a goal can be more valuable than the achievement of the goal itself. Show your customers that you can be trusted by displaying discipline in all you do. Let your 5pm be just that without delaying a second.

  1. GETTING ALONG WITH OTHERS:

As long as you live you’ll always have people around. The relationship you have with people will determine your success or failure. Self-made millionaires keep a balanced relationship with their mentors, colleagues, partners, families and friends.

  1. HARD HARD-WORK:

I’m yet to meet a lazy millionaire. All self-made millionaires work very hard more than anyone else. They keep on trying many times even if they fail. I will say, while working, work, don’t play, work. When everybody is busy updating their facebook status and uploading pictures, work. While working very hard, do work very smart.

  1. FOLLOW THEIR PASSION:

You’ve probably seen this a million times on my blog and everywhere but its importance cannot be over stated. It’s simple: just do what you love.

  1. ABILITY TO SELL:

Self-made millionaires are not embarrassed to sell their products or services. No matter how shy or timid you are, you must learn how to sell what you have. As an entrepreneur you can’t afford not to know about sales and marketing.

Becoming a self-made millionaire is easy in this digital age than any time in history. Stop waiting for high paying jobs, they are extinct. Don’t blame the government; they are not your fathers

With a strategic, careful, and seemingly boring plan you can achieve your dream of becoming a millionaire.

To Your Success.

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