By admin@thesilverpetticoatreview.com 
Chris Alarcon’s journey toward financial independence led him to create the Financially Well Off blog, where he interviews successful entrepreneurs like JLD from EOFire and Raegan Moya-Jones from Aden & Anais. If you’re in need of motivation to build wealth and adopt successful habits, you can find inspiration on Financially Well Off or their Facebook page.
Most people don’t start life with a silver spoon in their mouth, but plenty of them pave their own path to becoming millionaires. Without a lottery win, there’s no quick route to riches. So, what does it take to become a self-made millionaire? What money habits can help you achieve significant wealth? We’ll dive into insights from three renowned self-made millionaires who shared their expert advice.
WHAT IS A SELF-MADE MILLIONAIRE?
A self-made millionaire achieves success and wealth through their own efforts and consistency, starting from scratch without any inherited fortune or elite social connections. The key to their success lies in adopting beneficial habits and maintaining consistency. These include work habits, money management habits, and spending habits. Once you discover what works best for you and remain focused on your goals, you’re on the right track to achieving financial dreams.
THE INTERVIEWS WITH SELF-MADE MILLIONAIRES
In 2019, I interviewed successful entrepreneurs on my podcast to find out the secrets to their success. Here are some invaluable tips they shared.
DAME STEPHANIE SHIRLEY (STEVE)
Dame Stephanie Shirley, also known as Steve, came to the UK as a refugee and survived the Holocaust. Determined to prove her life was worth saving, she started her multi-million dollar business, “Freelance Programmers,” at 29. Her company created opportunities for women in a male-dominated industry, with 70 of her team members becoming millionaires. During our interview, she emphasized the importance of three things: values, health, and peace of mind. She believes these keep you steadfast in tough times and help you make consistent progress.
JOHN LEE DUMAS (JLD)
John Lee Dumas, or JLD, is the founder and host of EOFire, an award-winning podcast where he interviews inspiring entrepreneurs daily. His podcast generates seven-figures a year, demonstrating what it takes to be a self-made man. During our conversation, JLD spoke about the importance of delayed gratification and saving money. He credited his success to avoiding temporary temptations to focus on long-term goals, like his podcast, while maintaining proper saving and spending habits.
GRANT SABATIER
Grant Sabatier, founder of the Millennial Money blog, reached financial independence in just five years. When asked about advice for those struggling financially, he emphasized that struggles and feelings of failure are temporary. Success comes to those who persistently pursue their dreams. He also stressed the importance of staying connected with nature for inspiration and motivation.
SHARED TRAITS OF MILLIONAIRES
While self-made millionaires enjoy hefty bank accounts and stress-free lives, their success results from many years of dedication and hard work. Common traits among millionaires include:
– Turning thoughts, dreams, and visions into actions.
– Not being afraid of failure and learning from mistakes.
– Focusing on and polishing their skills.
– Aligning their actions with their mind, heart, and values.
HOW TO BECOME A SELF-MADE MILLIONAIRE WITH NO MONEY
Achieving millionaire status doesn’t necessarily start with money. More critical factors include having a clear vision of your goals, creating a rational plan, and maintaining discipline and consistency in working towards them. Proper money management and calculated investments also play a crucial role.
5 TESTED AND PROVEN MILLIONAIRE HABITS YOU SHOULD ADOPT
1. Be Frugal: Many millionaires live frugally, preferring thriftiness over extravagance.
2. Think Big: Don’t be afraid to pursue unique ideas. Thinking outside the box can lead to great success.
3. Build a Strong Support System: Positive reinforcement from a solid social circle can significantly boost your performance.
4. Have Discipline: Hard work, consistency, and determination are essential to achieving desired outcomes.
5. Educate Yourself: Staying informed about market trends, new technologies, and risks before making decisions is crucial.
NOW YOU KNOW THE SECRET TO ACHIEVING FINANCIAL SUCCESS
Financial independence is attainable for many, not just a select few. The entrepreneurs I interviewed reached their success through hard work and unwavering commitment to their goals and values. The biggest obstacle to financial success is often self-doubt. With the tips from self-made millionaires, you now have the tools to build your own wealth. So, what will you do to achieve financial success?