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Self Made Millionaires Success Secrets

Updated on November 30, 2015
Michael Jordan
Michael Jordan | Source

Introduction - The secrets of Success

The good news here is that anybody can learn the secrets of self made millionaires and apply to their lives repeatedly until successful. It is just like learning to fly a plane, or driving a car. After you have mastered these secrets, there are no limits. The only limits are ones you place on yourself.

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Secret #1. Dream Big Dreams

The first and most important thing is that you must dream. Fantasize and created in your mind what you want to have; the amount of money you want to earn and the kind of life you would want to live. Create a vision for yourself and fast forward five years from the present. Creating a clear vision of where you want to be in five years time, will give you more determination, positivity and motivation to make it become reality. You will then be motivated to come up with ideas as to how you are going to get there.

Secret #2. Develop A Clear Sense of Direction

The two most important factors that determine what happens to you in life are "what" you think about and "how" you think about it. Therefore, take your dreams out of the air and make them into clear crystallized goals. Successful people are always thinking about their goals. They are moving closer to achieving them as a result.

Secret #3: See Yourself As Self Employed

Develop your entrepreneur mentality by seeing yourself as self employed. Take complete responsibility for everything that you are and everything that you'll ever be. Do not complain about life, make excuses and blame other people for your shortcomings. If there is anything in your life that you want to change, it is all up to you.

Secret #4: Do What You Love To Do

Identify a field that suits your talents and natural abilities and get absorbed by it. It is only when you are doing something that you love doing that you have lot excitement, energy and ideas flowing in.

Secret #5: Commit To Excellence

Be competent in whatever you love to do. Once you have chosen a field of your choice, set a goal to be the best in what you do. A trait of successful people is that, they are extremely competent in what they do. This makes me remember the movie, the Ben Carson Story, where Benjamin's mum tells him that "he can do it and only he can do it better". That piece of advice had made Ben Carson what he is today, the best neurosurgeon. If you can set your goals and keep striving to be the best in what you do, that will be the turning point your life.

Secret #6: Develop A Workaholic Mentality

Work hard is the way to the top. All self made millionaires are known hard workers. Be amongst the hard working. Put in extra hours into what you do best and you will get the results you want.

Secret #7: Dedicate Yourself To Lifelong Learning

The brain is just like your physical muscle. You have to work your mental muscle to develop it. There are no limits if you use you brain in your situation. It is just like playing sport. You become good at it you keep playing over and over. Several ways of learning are, reading a book in your field for 30 to 60 minutes a day, Listen to audio programs and attending seminars that you can get hold of in your chosen field. Be committed to life long learning. You will be amazed at the results.

Secret #8: Pay Yourself First

Save and invest 10% of your pay. Developing a habit of saving money is not that easy. It will take a lot of sheer determination and will power. Your financial success will be assured if you set it as your goal, make a plan and work on it. You will be on your way to financial freedom.

Secret #9: Learn Every Detail of Your Business

Never stop looking for it. Set goals to be the best in your chosen field. Keep looking for that insight, detail or idea. Read more books, magazines and attend seminars given by experts in your field and learn every single detail to your advantage. Remember, the market pays excellent rewards for excellent performance, average rewards for average performance and failure and frustration for below average performance.

Secret #10: Dedicate Yourself to Serving Others

What you give is what you take. Your service to others will always be rewarded in direct proportion to how much you have given. Be obsessed with serving your customers, always look for new and better ways to satisfy you customers. It doesn't hurt to go that extra mile. Always ask yourself, what can I do to increase the value of my service to customers. The smallest improvement in the way you serve your customers could be the turning point for your success.

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Secret #11: Be Impeccably Honest With Yourself and Others

Never compromise your integrity for anything. Remember that your word is your bond and your honor is everything when it comes to business. Successful business are built on trust and your success in becoming successful by the number of people who trust you.

The first part of integrity is being true to yourself in everything. Be true to the very best of you. Then be true to other people around you.

Secret #12: Set Priorities on Your Activities

This is the key formula for high level of productivity and performance in becoming successful. Setting priorities and concentrating on them, anything is achievable. Developing your ability to prioritize high priority areas until completed is the biggest test of willpower, self discipline and personal character.

Secret #13: Develop A Reputation for Speed and Dependability

In the 21st Century, time is money. Thus, develop a reputation for fast and efficient discharge of your service to customers. Move quickly onto opportunities with a sense of urgency.

Secret #14: Be Prepared to Climb from Peak to Peak

Life has a series of ups and downs. Just like a mountain climber - once reaching the top of a peak he has to go down to a valley to climb another peak. Thus keep reminding yourself that everything life goes around in circles and trends. Be confident, calm and relaxed if there is a short term fluctuation in your life.

Secret #15: Practice Self Discipline

This is the most single quality for success in life. If you can discipline yourself to do what you are supposed to do, when you should do it, whether you like it or not, success is virtually guaranteed. Do only those things that will bring you financial success.

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Secret #16: Unlock Your Unborn Creativity

Your creativity is stimulated by three things: intensely desired goals, pressing problems and focused questions. The more you focus your mind on achieving your goals, solving your problems or answering the questions of your business and personal life, the smarter you become and the faster your mind works for you in the future. Your ability to develop ideas to help you succeed is infinite and unlimited. This means that your ability to succeed is unlimited as well.

Secret #17: Get Around Right People

At virtually every turning point in your life, someone is standing there to either help you or hinder you. Successful people make a habit of building and maintaining a network of high quality relationships throughout their lives, and as a result, they accomplish vastly more than the average person who goes home and watches television each night. Associate with people who are optimistic and happy and who have goals and who are moving forward in their lives. At the same time, get away from negative, critical, complaining people. If you want to fly with the eagles, you cannot scratch with the turkeys.

Secret #18: Take Excellent Care of Your physical Health

There are three keys to living a long, happy, healthy life. The first is proper weight. Set it as a goal to get your weight under control and then remain lean and fit for the rest of your life. There is a five word formula for weight loss and physical fitness. It is simply this, "Eat less and exercise more." Second, proper diet. The key to a proper diet is for you to eat better foods and fewer of them. Eat more lean source proteins, fruits and vegetables. The third key to long life is proper exercise. This requires that you exercise approximately 200 minutes per week or an average of 30 minutes per day.

If your financial goal is to achieve a net worth in excess of one million dollars, your health goal should be to live as long as possible so that you can enjoy a wonderful lifestyle with your money.

Success people have failed through their life but had never given up.

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Secret #19: Be Decisive and Action Oriented

Successful people are decisive and they try far more things than the average person. When you become decisive and action oriented, you shift your entire life into high gear. You get far more done in a day than the average person. You move ahead far faster than the people around you. You actually tap into a higher source of energy, enthusiasm and motivation that fills you full of joy and exhilaration which propels you forward even faster toward your goals.

Secret #20: Never Consider the Possibility of Failure

The fear of failure is the greatest single obstacle to success in adult life. Note that it is not failure itself. Failure makes you stronger and more resilient and more determined. It is the fear of failure or the anticipation of failure that can paralyze your thoughts and your activities and hold you back from even trying to do the things that you need to do to be a big success.

Secret #21: Back Everything With Persistence and Determination

Persistence is the iron quality of character. Persistence is to the character of man as carbon is to steel. The quality of persistence is the absolutely indispensable quality that goes hand in hand with all great success in life. And here is one of the great secrets of persistence and success. It is to program your subconscious mind for persistence well in advance of the setbacks and disappointments that you are going to have on your upward quest toward success. Resolve in advance that you will never give up, no matter what happens.

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