Entrepreneur -- My lifelong dream is to create more millionaire students than any other stock trading teacher out there. I’m lucky enough to have reached the seven-figure mark myself, and now, I’m dedicated to sharing everything I’ve learned - including the stock trading patterns that work in any market - with the students in my Millionaire Challenge.
But one thing I realized pretty early on was that, if I wanted to teach people to be millionaires, I had to study people who had already reached this level of wealth. I had to learn what they did differently so that I could help my students to not just hit this magic number, but to retain the money they earn and build generational wealth.
And today, I’m sharing a few of the things I’ve learned with you. I hope they help - no matter what financial stage you’re currently in.
1. Millionaires work hard.
A lot of people think that winning the lottery is their ticket to success, but I’ve got bad news for you. Nearly 90 percent of lottery winners go through their winnings in five years or less, leaving them back in the same situation they were in before they won.
Millionaires know that there are no shortcuts to success. There’s only hard work executed relentlessly in pursuit of a goal.
I know that, in my case, I wouldn’t be where I am today if I hadn’t been willing to work hard. I didn’t have a mentor when I started trading stocks in high school. It was up to me to put in the hours needed to become successful. There were plenty of times I would have rather gone out with friends or played video games -- anything but sit in front of the computer and study stock charts for another hour.
But I did it. I put in the work upfront because I knew the results would be worth it, they’ve paid off. I’m living my dream lifestyle because I wasn’t afraid to work hard.
Related: Sure, Work Hard, But Also Create Your Own Luck
2. Millionaires are focused.
That said, it isn’t just about working hard. You have to be working hard on the right thing.
Have you ever known somebody who’s constantly jumping from one “million dollar idea” to another? We all want to be rich, but the people who can’t choose one path to focus on simply aren’t going to achieve it. It’s the people who dedicate themselves to a single pursuit that come out on top, whether that one path is penny stock trading, company building or something else.
Read the rest here: http://www.entrepreneur.com/article/249128
