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10/16/17

Individual Economic Success: 10 golden rules which can make you a millionaire

Thomas C. Corley of Business Insider has spent years studying the habits of wealthy people.

He completed a "Rich Habits Study" in which he interviewed 233 people each worth more than $3.2 million, 75 percent of whom were self-made millionaires.

He compiled the 10 qualities that stood out to him as most common among—and most important to—those ultra-successful individuals. Firstly, innovation, because your million-dollar idea must be just that.

It needs to have some valuable quality that sets it apart from ideas that have come before. Here's how one designer used her innovation skills to create an invention that helps fight Parkinson's.

1)  Have an Edge: It's not just your idea that needs to stand out—it's you. Whatever your strong suit is, it needs to be strong enough to help you rise above the rest of the pack.

2) Be an Expert: You need to make sure you are constantly up-to-date on everything there is to know about the field you want to succeed in.

3) Skill Set: Learning on the job is great and all, but you need to make sure you have valuable skills that you accumulate over many years.

4) Work Ethic:This one's a no-brainer. If you want to be successful, you've got to be willing to work incredibly hard and devote lots of time and energy to your goal.

5) Focus UP: Once you're set on an idea, you need to be able to focus on making it a reality. If you're working on a million-dollar project, it requires your full attention, no matter how long the project takes.

6) Connections, Connections and more connections: You can never have too many connections. Seek out the people who can help you and don't be shy.

7) Don't work alone: It'll be hard to get anywhere without people supporting you.Get people to work with you who believe in you and support your ideas and are not scared to be critical of some of your proposals.

8) Never get discouraged and give up: Persistence, of course, is extremely important. Failure happens and can only help you to start over again with new fresh ideas.

9) Have faith in your ability to succeed:  Luck is not what makes things really happen. Vision, a good plan and focused hard work is the only path  to success.

10) Blow your own horn: make sure that after you have produced your product or service, people hear about it via a variety of publicity vehicles readily available to you. 

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