1. Start The Day Before The Sun Comes Up
44% of the rich wake up 3 hours before work and only 3% of the poor do. Do yoga, go running or weight lifting. You can achieve twice as much in a day by keeping fit. An unhealthy trader has less energy and a slower thought process.
2. Make a To-do Lists
The daily to-do list is one of the tools to avoid procrastination, to accomplish short and long term goals and to maintain control over the day. 81% of the wealthy maintain a daily to-do list, while less than 1% of the poor create such lists.
3. Never Stop Learning
Read trader biographies. Read the financial news. Read books on technical analysis and any others that you can find on all aspects of trading. 88% of the rich read 30 minutes or more each day; 2% of the poor do.
4. Save More of What You Earn
It allows you to increase your trading account and take larger positions which, in turns, leads to larger profits! Track every dollar that leaves your wallet and where it goes. Get to know your spending habits and patterns. Pay special attention to little costs. They might seem small, but they add up.
5. Define Your Goals
Know what success means to you. Make clear goals to back it up. Be detailed. The clearer your plan is the easier it’ll be to follow. 67% of the wealthy put their goals into writing, while only 17% of the poor make this a habit.
6. Manage Time
Watch a little less TV, take your focus away from Facebook for a while, learn to say no to people, stop gaming and prioritize your schedule. You’ll be amazed at how the time will open up for you to advance in business.
7. Find a Mentor
If you’re serious about becoming a millionaire, find somebody who’s done what you want to do and then learn from them.
Sven Franssen