Whether you’re already a millionaire or working on making your first million, nearly all millionaires have habits that keep them in millionaire status. These eight daily habits won’t guarantee you’ll become a millionaire, but they will assist you in developing and maintaining long-term and large prosperity.
1. They Keep To-Do Lists
This daily habit is relatively easy to adopt. To-do lists are an elementary organization tool that is nevertheless highly effective, and developing it as a habit is key to maintaining organization in both business and daily life ― which in turn leads to increased prosperity. The details of managing business and finance can seem extraneous, but by organizing everything you need to do in one place (try a list app such as Wunderlist, Everyday or Paperless) makes it all seem much less daunting ― and ensures that everything will get done.
2. They Exercise
Exercise is key to not only maintaining health, but to reducing and minimizing stress and increasing stamina and energy. Exercising increases mental “bandwidth” by reducing stress, and the long hours many millionaires keep requires large amounts of energy. While no one is suggesting that you should become a pro athlete to become a millionaire, dedicating time each day and week to exercise, whether you do twenty minutes of yoga or run five miles, will have a highly positive impact on your day-to-day life.
3. They Eat a Great Diet
Like exercise, a nutrient-dense and healthy diet is key to maintaining the body and keeping it in good working order, from brain to bones. In tandem with exercise, a well-nourished body is a more relaxed and productive one, and a good diet will assist in keeping energy levels high and stress low.
4. They Are Avid Readers
Millionaires are dedicated to self-improvement, and reading is an excellent way to accomplish this. Whether you are reading the Financial Times, the Wall Street Journal, the local newspaper or a text on business management, making time to read something every day that educates you is an essential habit to develop. Millionaires never stop learning, and that is critical to their success and the maintenance of their prosperity.
5. They Make Time For Themselves
Contrary to popular belief, successful people are not always working. Making time for yourself, whether it’s to take a relaxing bath, unblocking Netflix, or read your favorite novel is essential to success. A person who never takes time for themselves will achieve no real sense of satisfaction about what they do ― after all, if you’re always working and make no time to enjoy it, what’s the point? Make it a point to dedicate a couple of hours each day to activities solely dedicated to your own pleasure and relaxation.
6. They Are Frugal
Smart millionaires only buy what they need ― generally speaking. While there’s of course nothing wrong with spending some of your hard-earned cash on your annual vacation, it’s a good idea not to carry too much debt ― don’t rack up credit debt, don’t borrow more than you are absolutely sure you can pay back, and if you don’t need it, you can probably do without it. This isn’t to say you should live in squalor if you’re a millionaire ― of course it is more than acceptable to live well, but don’t make the mistake of squandering your fortune, either.
7. They Task Concurrently ― While Exercising
Concurrent tasking ― or multitasking, as it is usually called ― is another daily habit of millionaires. For example, maybe you’re listening to the monthly reports on your mp3 player while you’re on the elliptical; maybe you’re mulling over a marketing dilemma while you’re or lifting weights. Regardless, physical activity is often uninterrupted time where you can think carefully about a problem, and since physical activity often helps to focus the mind, sometimes it can result in an “ahah!” moment.
8. They Do Good Deeds
According to Jessica McCarthy, who is a professional blogger for Faxage, she suggests that whether it’s paying for someone’s coffee or donating a large amount of money to a homeless shelter, successful millionaires do good deeds in order to foster good relationships with their community ― and to use the power of their money for the greater good. Misers earn no great love from the populace, but a person of wealth who performs good deeds will be well-thought of, well-respected ― and this not only fosters a sense of self and value, it can lead to increased prosperity as a result of this goodwill.
Each of these habits is simple alone, and while new habits to take some time to develop, together they can create a powerful path to prosperity.