20 Signs You’re Destined to Become a Millionaire by John Rampton-VIP CONTRIBUTOR-entrepreneur.com

Becoming a millionaire may seem like an unobtainable dream. I’ve been there and felt like it was unattainable and something that would never happen to me.

Then I started reading, studying and mimicking countless different successful millionaires.

In reality, it’s a lot more common than you think and completely possible if you have the right mentality to become rich. Here are 20 signs based on observations from several millionaire friends of mine, that you’re destined to become successful.

1. You started making money at a young age


One of the most common traits that the wealthy have in common is that they began earning money at young age. For example, a 12-year-old Mark Cuban sold trash bags door-to-door, Warren Buffett sold packets of gum to his neighbors when he was just 6-years-old and Richard Branson bred and sold parakeets as pets at the age of 11.

If you had this entrepreneurial spirit as a child, then that’s a solid indicator that you’ll become a millionaire since you’ve always been on the lookout for ways to make money.

2. You’re an overachiever


Were you that student who wasn’t satisfied with a B in class? Millionaires have the mindset to shoot big. They’re not satisfied with making just $1 million. They want to make $10 million.

3. You’re really, really good looking


I know. This sounds like a bunch of bull and discriminatory, but research conducted by Daniel Hamermesh, an economics professor at the University of Texas in Austin foundthat this is the case. According to his research, “attractive people are likely to earn an average of 3 percent to 4 percent more than a person with below-average looks.” That may not sound like a fortune, but that adds up to “$230,000 more over a lifetime for the typical good-looking person.”



Hamermesh found that attractive people are able to charm interviewers and are able to land more sales.

4. You have an action-oriented mindset


“Are you the kind of person who sees an opportunity and then takes action to take advantage of it? If so, congratulations, because it’s that kind of action-oriented mind-set that can propel you to financial freedom,” says Todd Campbell, author of “Your Guide to Better Stock Picks.”

“For example, it’s been proven time and time again that long-term investing can produce significantly more wealth than short term trading, yet many Americans fail to make the most of their best long-term investment vehicle: their workplace retirement plan.

Do you contribute to your plan? If so, do you contribute 10 percent of your income? More? Less? Considering that someone who contributes 10 percent of their $40,000 in income to a 401(k) plan at a 6 percent return has $311,572 more after 35 years than one who contributes 3 percent, underutilizing retirement plans is a surefire way to derail you on your way to millionaire status.”

5.You possess a sense of urgency


Millionaires don’t wait for the perfect time to invest or launch their business. They realize that there’s no better time than the present to start making money. Sitting back and waiting is one of the best ways to squash your dreams.

Bottom line — start right now.

6.You’re focused more on earning than saving


It’s no secret that the wealthy are frugal with their money. While they excel at saving and spending wisely, they also know that the best way to make money is to invest it.

7.You keep an open mind


You never know when an opportunity is going to present itself. And, if you immediately shut the thought of investing in this opportunity, then you could be losing out on making a fortune. When I started my online invoicing company, I saw an amazing domain and had to make a six-figure purchase in a matter of three days. This meant moving around some money and convincing my spouse to go along with it. We both have open minds which help this process even happen.

That’s why the wealthy always keep an open mind on new ideas. It may not be something that they would have supported in the past, but if it can make them a couple of bucks, then they may reconsider it.

As Warren Buffett once said, “Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.”

8.You were Mr. or Mrs. Popular in high school


“We estimate that moving from the 20th to 80th percentile of the high-school popularity distribution yields a 10 percent wage premium nearly 40 years later,” statedthe abstract to the work of Gabriela Conti (University of Chicago), Gerrit Mueller (Institute of Employment Research), Andrea Gaeotti (University of Essex) and Stephen Pudney (University of Essex).

In other words, if you were popular in high school, meaning that you had a lot of friends, then you have a better chance of earning more money.

9.You’re able to live below your means


Another common trait that millionaires have in common is that they’re able to live below their means. Instead of flaunting their wealth they drive practical cars, live in modest homes, and don’t spend their hard earned cash on items which are a useless luxury item.

More at: https://www.vixpal.com/docs/20-signs-youre-destined-to-become-a-millionaire/

Vixlot:

20 Signs You’re Destined to Become a Millionaire by John Rampton-VIP CONTRIBUTOR-entrepreneur.com

Becoming a millionaire may seem like an unobtainable dream. I’ve been there and felt like it was unattainable and something that would never happen to me.

Then I started reading, studying and mimicking countless different successful millionaires.

In reality, it’s a lot more common than you think and completely possible if you have the right mentality to become rich. Here are 20 signs based on observations from several millionaire friends of mine, that you’re destined to become successful.

1. You started making money at a young age


One of the most common traits that the wealthy have in common is that they began earning money at young age. For example, a 12-year-old Mark Cuban sold trash bags door-to-door, Warren Buffett sold packets of gum to his neighbors when he was just 6-years-old and Richard Branson bred and sold parakeets as pets at the age of 11.

If you had this entrepreneurial spirit as a child, then that’s a solid indicator that you’ll become a millionaire since you’ve always been on the lookout for ways to make money.

2. You’re an overachiever


Were you that student who wasn’t satisfied with a B in class? Millionaires have the mindset to shoot big. They’re not satisfied with making just $1 million. They want to make $10 million.

3. You’re really, really good looking


I know. This sounds like a bunch of bull and discriminatory, but research conducted by Daniel Hamermesh, an economics professor at the University of Texas in Austin foundthat this is the case. According to his research, “attractive people are likely to earn an average of 3 percent to 4 percent more than a person with below-average looks.” That may not sound like a fortune, but that adds up to “$230,000 more over a lifetime for the typical good-looking person.”



Hamermesh found that attractive people are able to charm interviewers and are able to land more sales.

4. You have an action-oriented mindset


“Are you the kind of person who sees an opportunity and then takes action to take advantage of it? If so, congratulations, because it’s that kind of action-oriented mind-set that can propel you to financial freedom,” says Todd Campbell, author of “Your Guide to Better Stock Picks.”

“For example, it’s been proven time and time again that long-term investing can produce significantly more wealth than short term trading, yet many Americans fail to make the most of their best long-term investment vehicle: their workplace retirement plan.

Do you contribute to your plan? If so, do you contribute 10 percent of your income? More? Less? Considering that someone who contributes 10 percent of their $40,000 in income to a 401(k) plan at a 6 percent return has $311,572 more after 35 years than one who contributes 3 percent, underutilizing retirement plans is a surefire way to derail you on your way to millionaire status.”

5.You possess a sense of urgency


Millionaires don’t wait for the perfect time to invest or launch their business. They realize that there’s no better time than the present to start making money. Sitting back and waiting is one of the best ways to squash your dreams.

Bottom line — start right now.

6.You’re focused more on earning than saving


It’s no secret that the wealthy are frugal with their money. While they excel at saving and spending wisely, they also know that the best way to make money is to invest it.

7.You keep an open mind


You never know when an opportunity is going to present itself. And, if you immediately shut the thought of investing in this opportunity, then you could be losing out on making a fortune. When I started my online invoicing company, I saw an amazing domain and had to make a six-figure purchase in a matter of three days. This meant moving around some money and convincing my spouse to go along with it. We both have open minds which help this process even happen.

That’s why the wealthy always keep an open mind on new ideas. It may not be something that they would have supported in the past, but if it can make them a couple of bucks, then they may reconsider it.

As Warren Buffett once said, “Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.”

8.You were Mr. or Mrs. Popular in high school


“We estimate that moving from the 20th to 80th percentile of the high-school popularity distribution yields a 10 percent wage premium nearly 40 years later,” statedthe abstract to the work of Gabriela Conti (University of Chicago), Gerrit Mueller (Institute of Employment Research), Andrea Gaeotti (University of Essex) and Stephen Pudney (University of Essex).

In other words, if you were popular in high school, meaning that you had a lot of friends, then you have a better chance of earning more money.

9.You’re able to live below your means


Another common trait that millionaires have in common is that they’re able to live below their means. Instead of flaunting their wealth they drive practical cars, live in modest homes, and don’t spend their hard earned cash on items which are a useless luxury item.

More at: https://www.vixpal.com/docs/20-signs-youre-destined-to-become-a-millionaire/

Well articulated, op. Thanks for sharing.


I can't believe I'm the ftc on such a marvelous thread!

Go and tell obasanjo and oshomole that you need to be good-looking to be rich.

I agree with the first sign wholeheartedly