Top Habits of the Highly Successful
Top Habits of the Highly Successful
There is no one-way to become successful in business. People from all walks of life in all kinds of industries have managed to reach high net worth status through various measures and habits. Not every successful individual has the same personality and they don’t all follow the same path to reach their lofty status. However, many highly successful people do share some similar characteristics. In fact, according to one man who spent five years gathering information from wealthy people who achieved their status through hard work, these individuals have numerous habits in common. So if you want to be successful then implementing these habits is a good place to start.
Multiple Income Sources
Highly successful people typically don’t rely on just one source of income. Instead, on average they have at least three separate streams of income.
Avoid Wasting Time
These self-made high-net-worth individuals also avoid wasting time at all cost. That means they avoid people and activities that waste their time, as well. The saying is true: time is money, and successful people understand this perfectly.
Early to Bed, Early to Rise
Nearly 90 percent of highly successful people get enough sleep: an average of 7 to 8 hours a night. That means they go to bed early, too, because more than half of them also get up at least three hours before they actually start work. This extra time in the morning gives them time to take care of personal things each day before they focus their attention on work.
Bookworms
Apparently successful people like to read, or at least they realize that it’s beneficial. Again, close to 90 percent of the individuals surveyed said they spend 30 minutes every day reading, mostly in an effort to improve or educate themselves; although reading in general is a habit that coincides with success.
Meditation
One of the best things that successful do to help themselves is to take some time out every day for some quiet thinking. Whether they use a few minutes to focus on their breathing, or spend 15 minutes just quietly thinking, they all make time to process what is going on in their lives and reflect on what they are doing.
Goals Are a Priority
Another common trait among self-made successful people is that they have a plan to get rich. They don’t sit back and just hope that things will happen. They set a plan and make it happen. That means they set their own goals and they pursue them until they accomplish them, both long and short-term.
Associate With Inspiring People
Highly successful people like to spend time with other highly successful people. That’s why they choose to spend their time with people that inspire them, instead of with people that have toxic or negative personalities.
Exercise
Exercise is great for a lot of things. It can help you lose weight and of course it improves your overall physical well being. However, getting some quality exercise in every day also improves your mind. It can help you clear your head, relieve stress and get you more motivated to complete everything you have to get done.
We hope you found this article about “Top Habits of the Highly Successful” helpful. If you have questions or need expert tax or family office advice that’s refreshingly objective (we never sell investments), please contact us or visit our Family office page or our website at www.GROCO.com. Unfortunately, we no longer give advice to other tax professionals gratis.
To receive our free newsletter, contact us here.
Subscribe to our YouTube Channel for more updates.
Alan Olsen, is the Host of the American Dreams Show and the Managing Partner of GROCO.com. GROCO is a premier family office and tax advisory firm located in the San Francisco Bay area serving clients all over the world.
Alan L. Olsen, CPA, Wikipedia Bio
GROCO.com is a proud sponsor of The American Dreams Show.
The American Dreams show was the brainchild of Alan Olsen, CPA, MBA. It was originally created to fill a specific need; often inexperienced entrepreneurs lacked basic information about raising capital and how to successfully start a business.
Alan sincerely wanted to respond to the many requests from aspiring entrepreneurs asking for the information and introductions they needed. But he had to find a way to help in which his venture capital clients and friends would not mind.
The American Dreams show became the solution, first as a radio show and now with YouTube videos as well. Always respectful of interview guest’s time, he’s able to give access to individuals information and inspiration previously inaccessible to the first-time entrepreneurs who need it most.
They can listen to venture capitalists and successful business people explain first-hand, how they got to where they are, how to start a company, how to overcome challenges, how they see the future evolving, opportunities, work-life balance and so much more..
American Dreams discusses many topics from some of the world’s most successful individuals about their secrets to life’s success. Topics from guest have included:
Creating purpose in life / Building a foundation for their life / Solving problems / Finding fulfillment through philanthropy and service / Becoming self-reliant / Enhancing effective leadership / Balancing family and work…
MyPaths.com (Also sponsored by GROCO) provides free access to content and world-class entrepreneurs, influencers and thought leaders’ personal success stories. To help you find your path in life to true, sustainable success & happiness. It’s mission statement:
In an increasingly complex and difficult world, we hope to help you find your personal path in life and build a strong foundation by learning how others found success and happiness. True and sustainable success and happiness are different for each one of us but possible, often despite significant challenges.
Our mission at MyPaths.com is to provide resources and firsthand accounts of how others found their paths in life, so you can do the same.
Are All Fines Non-Deductible?
Are All Fines Non-Deductible? A few weeks ago Elon Muck made some big news when he got in trouble with the SEC. The agency investigated the Tesla CEO after he made public comments about possibly taking the company private. There was even talk he could be ousted from Tesla. In the end, he was able to keep his post…
Could You Claim a Tax Credit for Your Nanny?
Could You Claim a Tax Credit for Your Nanny? Although tax laws have certainly changed under the Tax Cut and Jobs Act, there are still numerous tax credits available. Some of these credits are obvious. But there are several you might be overlooking. For example, did you hire or use a nanny throughout the year? Many high net worth…
Incoming House Democrats Win First Tax Battle
Incoming House Democrats Win First Tax Battle The calendar year has not yet changed, which means newly elected members of the House and Senate have yet to officially take their seats in the Nation’s Capitol. However, House democrats are already busy making changes in preparation for the new year. And one of their top priorities is raising taxes. Newly elected democrats are taking…
What’s the Biggest Mistake Young Investors Make?
What’s the Biggest Mistake Young Investors Make? There are all kinds of investors and there are even more investing strategies. There are also just as many possible mistakes you can make as an investor. Those who’ve been in the stock market a long time have likely seen it all. And if they’ve had any kind of sustainable success…