Many of us work hard in the hope to attain millionaire status by retirement. However, there are some exceptional who are able to become millionaires before they are 30. It turns out that there are certain characteristics that set them apart, and luck isn’t one of them. Here are 3 traits common to young millionaire.
1. They look for mentorship
Young millionaires are smart enough to know that they don’t know it all. They are aware that sometimes knowledge exclusively comes from experience. Thus, they put their egos aside and seek out mentorship as a way of filling in the gaps, and hopefully avoiding some of the pitfalls that undoubtedly lie ahead.
A good mentor is there to guide you, to share insights and offer perspectives, to see you through the ups and downs. They can share personal experience and knowledge that you can’t find in books.
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2. They are intuitive and creative
Wildly successful young millionaires often rely on their intuition as much as their rational brain. Some call it a creative hunch or gut instinct. They get a feeling about something and they go with it.
In other words, young millionaires pay attention to the cues their inner voice is giving them. Cognitive science tells us that many entrepreneurial discoveries and decisions are made largely unconsciously.
In these situations, emotions and feelings precede rational understanding. Young millionaires learn to trust these moments of inspiration and follow their creative intuition.
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3. They don’t trade time for money
Anyone who seeks to become successful must understand early on that time is a commodity. In fact, it’s our most valuable commodity.
You will never become a millionaire at any age if you don’t learn to manage your time properly. However, young millionaires understand that they must focus on creating consistent income without trading time for money.
They strategically leverage their talent, resources, and power to create opportunities for more dynamic income. In other words, even if you make a great income working a salaried job, it’s difficult to accrue vast wealth while you are someone else’s employee.
