5 Billionaire Habits You Need to Start Using Today

5 Billionaire Habits You Need to Start Using Today

Becoming a billionaire might seem like an impossible pipe dream, but the amount of them keeps getting bigger every year. Yes, it’s no cakewalk, but it is something that is possible and within your grasp. You won’t become a billionaire overnight, but you can start taking control of your financial success today. Here are some of the proven habits of billionaires that will take you to the top: Live well below your means. Trying to become a billionaire doesn’t mean you should live like one. In fact, the truly wealthy know that luxury involves building financial freedom instead of being shackled to extravagant purchases. Mark Cuban, for example, suggests living incredibly frugally to achieve billionaire status: “Save your money. Save as much money as you possibly can. Every penny you can…The first step to getting rich requires discipline.” To start getting your money to work for you, try our 20-30-50 plan – it’s a fun, flexible way to start accounting for your dollars. Seek out people smarter than you. It’s a misconception that becoming ultra-successful involves cutthroat competition and not giving others the time of day. Take Howard Shultz, CEO of Starbucks, for example, who said “Don’t be threatened by people smarter than you.” In fact, Thomas Corley, who studied the wealthy in Rich Habits: The Daily Success Secrets of Entrepreneurs, found that 79 percent of wealthy people spend at least five hours a month networking-whether it’s through conferences, client meetings, or just getting coffee at Starbucks. On your path to billionaire status, don’t be afraid to network with others, or to reach out to a mentor for advice. People...