The 9 Obsessions You Need To Have To Become A Self-made Millionaire
Entrepreneur Magazine South Africa|August 2018

Becoming a successful entrepreneur and achieving millionaire status isn’t easy. Most people give up along the way, becoming disenchanted when their business flatlines or disillusioned when they feel they have failed. Here’s how to stay focused on your millionaire goals.

Deep Patel
The 9 Obsessions You Need To Have To Become A Self-made Millionaire

THE ONES who succeed weren’t handed a golden ticket; it wasn’t chance that helped them cultivate their fortune. To reach millionaire status, you must be driven to reach your dreams. You must be obsessed in order to be successful.

These are the nine obsessions that give every self-made millionaire an edge in creating success and wealth.

1 They are obsessed with chasing their dreams and goals

You won’t become a self-made millionaire by sitting in a cubicle, making other people rich. You succeed by having dreams and goals of your own, and being driven to see them through. Self-made millionaires have ambitions and are willing to take risks to make those happen. They are passionate and relentless in their mission to succeed.

But dreams need a framework to become reality. Successful people know they must set highly defined goals with hard deadlines. They set short-term goals and long-term goals. They write to-do lists. They know what they want and how to get there. While the middle class sets their expectations at achieving comfort, self-made millionaires push beyond the average. They believe in creating their own opportunities.

2 They are obsessed with reading and improving their knowledge base

Successful people never get tired of learning new things. They thrive on knowledge. They are voracious readers because they’re curious about the world around them. Nothing can quell their desire for education.

This obsession serves them well, as it improves their insight into their business, and unrelated areas that also benefit them. It helps them develop a depth and breadth of wisdom to draw from, and fuels their creativity and ingenuity.

Self-made millionaires believe that books are the gateway to knowledge, and they carefully select what they read. The more you read, the more you question things, and the more open you’ll be when opportunity knocks.

Diese Geschichte stammt aus der August 2018-Ausgabe von Entrepreneur Magazine South Africa.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der August 2018-Ausgabe von Entrepreneur Magazine South Africa.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS ENTREPRENEUR MAGAZINE SOUTH AFRICAAlle anzeigen
Prepare For The Worst
Entrepreneur Magazine South Africa

Prepare For The Worst

The stronger your business is, the more you stand to lose. Here’s how to spot hidden weaknesses within your operation and steel yourself for unexpected battles.

time-read
2 Minuten  |
June 2018
Start Planning Today For Future Wealth
Entrepreneur Magazine South Africa

Start Planning Today For Future Wealth

Q&A Budgeting is by far the biggest threat to wealth planning, says wealth coach Nelisiwe Masango. If you’re part of the majority of people who don’t have a monthly budget or who have one, but don’t adjust it regularly, you could be hindering your financial progress.

time-read
3 Minuten  |
June 2018
Beyond Banal Business Travel
Entrepreneur Magazine South Africa

Beyond Banal Business Travel

Twenty-five-year-old South African automotive drivetrain repair company Rex Diff and Gearbox found a perfect match for its business travel needs when it joined kulula work’s client base, and never looked back. Dennis McLachlan of RDG’s Consumer Affairs and Marketing division explains why.

time-read
2 Minuten  |
June 2018
The Next Level Beckons
Entrepreneur Magazine South Africa

The Next Level Beckons

Rudolf Goosen is an ex-professional rugby player, entrepreneur, author, TV presenter and motivational speaker. Entrepreneur recently spoke to him about his new book, Taking Your Life to the Next Level.

time-read
3 Minuten  |
June 2018
Diversity Drives Board Performance
Entrepreneur Magazine South Africa

Diversity Drives Board Performance

The composition of your board of directors can help you drive your company value and increase shareholder and other stakeholder returns.

time-read
2 Minuten  |
June 2018
Invest And Save 100% Of Your Tax Payable To SARS
Entrepreneur Magazine South Africa

Invest And Save 100% Of Your Tax Payable To SARS

Section 12J funds were created in response to the South African Government offering tax incentives for private investors to support funds that support SME growth in South Africa. Three experts unpack the benefits of investing in 12J funds — particularly for high net worth individuals.

time-read
7 Minuten  |
April 2018
Following Your Dreams? Nailed It!
Entrepreneur Magazine South Africa

Following Your Dreams? Nailed It!

Sorbet franchisee Kate Holahan went from corporate employee in 2015 to owning two franchise locations in just over two years. By September 2017, she had launched a new location, acquired new clients and was learning something new every day. It took a few learning curves and partnering with the right bank to lead her to successfully running her Sorbet and Sorbet Man stores at Benmore Shopping Centre in Sandton.

time-read
2 Minuten  |
April 2018
How To Build A Community Around Your Brand
Entrepreneur Magazine South Africa

How To Build A Community Around Your Brand

There’s a way to build your market without spending a fortune on advertising and marketing — and it’s called community building. Here’s why this should be the cornerstone of your growth strategy.

time-read
3 Minuten  |
April 2018
Sealing The Deal
Entrepreneur Magazine South Africa

Sealing The Deal

If you want to close more sales, you need to understand the three phases of the customer buying cycle.

time-read
3 Minuten  |
April 2018
No Limits
Entrepreneur Magazine South Africa

No Limits

When Offlimit Communications faced its first downturn after ten profitable years in business, its leadership team didn’t even question that they would turn things around and make them better. With resilience and determination, they analysed the business, made some tough choices and took action. Within six months they took the business from massive losses back to profitability, and a year later doubled their pre-losses turnover — all in the middle of a recession.Here’s how Lisa Cohen, Jerome Cohen and Garon Bloom took lemons and made lemonade, building a R130-million sustainable business in the process.

time-read
10+ Minuten  |
August 2018