Back to Blog

Success Habits of Millionaires: 7 Key Traits for Achieving Financial Freedom

confidence millionaire mindset wealth
woman and man discussing business on a private jet

Who doesn’t want to have a net worth over a million bucks, right? Becoming a multi-millionaire is a goal for many people, but it takes more than just hard work or luck to achieve it. Self-made millionaires have developed certain habits and traits that you can adopt to increase your chances of becoming financially wealthy too.

  • Setting clear goals: Millionaires have a clear understanding of what they want to achieve and set specific goals to reach their financial targets. They are committed to reaching their goals and will do what it takes to make it happen. You can start with a daily practice of re-writing and re-fining your goals. Writing them down or saying them aloud can help imprint your subconscious and keep your eyes on the prizes.
  • Staying disciplined: The self-discipline of millionaires is a critical factor in their success. They are not easily swayed by short-term pleasures or distractions. Even in the face of setbacks or challenges, they maintain their focus on the long-term vision, displaying unwavering commitment to their financial goals.
  • Being proactive: Millionaires understand that success doesn't come to those who wait. They proactively seek out opportunities, whether it's in their career, investments, or entrepreneurial endeavors. They are persistent and resourceful in making things happen rather than waiting for them to happen.
  • Investing in education: Continuous learning is a cornerstone of millionaire mindset. They recognize that expanding their knowledge and skills is a direct pathway to increasing their earning potential. They invest time and resources in personal and professional development to stay ahead in their fields.
  • Taking calculated risks: Millionaires understand that taking calculated risks is necessary for growth and success. They carefully evaluate opportunities, weigh the potential rewards against the risks, and make informed decisions. And when they fail, it is considered feedback - and they move onwards and upwards.
  • Surrounding themselves with successful people: The adage "you are the average of the five people you spend the most time with" rings true for millionaires. They intentionally build networks of like-minded, successful individuals who provide mentorship, support, and valuable connections. This network is a source of continuous growth and learning.
  • Maintaining a positive mindset: A positive and optimistic mindset is a powerful asset. Millionaires tend to focus on their strengths and maintain an unwavering belief in their abilities. They see failures as opportunities to learn and grow, rather than personal setbacks. This mindset not only helps them overcome obstacles but also attracts more positivity into their lives. They see failure as feedback and don’t take it personally.

By incorporating these habits into your life, these can be your first steps towards your chances of achieving financial freedom. 

Here is a powerful wealth affirmation that I have used for over two decades and reflects my reality: “I am so grateful for the financial abundance and do whatever I want, whenever I want.”

And never forget that there are wealthy people who are depressed, insecure, or have other elements of their lives out of balance. Happiness is the ultimate success for anyone in this world and money can't necessarily get you there. Wealth provides opportunity, stability, safety, and can open you up for a wide variety of enriching and expansive life experiences

About the author:  Elle Russ is a #1 bestselling author, multiple-subject expert, and master coach.Take her Confidence Masterclass HERE  

Sign Up For My Newsletter!

I hate SPAM. I will never sell your information, ever.