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10 Traits New Millionaires Have In Common.

10 Traits Millionaires have in common

 

Recently I read an article on Lifehack that I found really inspiring, detailing the 10 traits new millionaires have in common.

The world’s idea of who and what a millionaire is has changed. When we conjure up an image of a very wealthy person, we are imagining less and less a stodgy old man sipping branding in a wing back armchair, and instead, more and more what we envision is a young, energetic entrepreneur. The internet has paved the way for anyone with a good idea and the ambition to see it through to become rich and it is increasingly common for the successful people among us to be young and driven.

I also read another article last week (I wish I could remember exactly where) that reflected what I teach in my UPSwing Mastermind too. That is, that the new understanding of wealth is more about freedom and values of health and personal truth - LIVING and BEING the woman you are meant to be -  than the old stereotypes we may have been bought up with.

So what do these millionaires we are getting so used to seeing have in common? They all share the following 10 traits.

 

 

1. They Act Fast

A sense of urgency lies at the heart of any millionaire. It isn’t enough to have a great idea, you need to have the will to act on it before anyone else has a chance. If Mark Zuckerberg had decided to sit on Facebook and develop it slowly over a few years instead of a few months, he would have been left in the dust. Instead he put his idea into action almost as soon as he formed it and the result has been massive success.

 

2. They Build Strong Teams

Even the people who seem to have built their empires on their own have had the help of a good team. It is usually the case that they built that team themselves. When Steve Jobs founded Apple he wasn’t alone, his partners gave him insight into the things he didn’t understand and allowed him to grow the business in all directions at once.

 

3. They Leverage Their Success

Success breeds success and young millionaires aren’t afraid to keep the ball rolling. When they see a good idea, they jump on it. It is no coincidence that Google now owns Youtube and countless other web applications that we can’t imagine the world without. The leaders of forward-thinking companies aren’t afraid to go beyond their own comfort zone and use the money they have to generate more money.

 

4. They Are Independent Thinkers

Founder and CEO of Alibaba, Jack Ma, held a meeting when he decided to start his company. He invited nearly two dozen friends to his home and asked them what they thought of his idea. All but one told him not to quit his day job. He chose to ignore them and pursue it anyway. He is now a billionaire. Not being afraid to stand alone is a common trait among the young and self-made wealthy.

 

5. They Think Big

Young millionaires dare to dream big. They see the possibilities that lie behind great ideas and aren’t overwhelmed by the scale of what they are chasing. The truly successful individuals take things one step at a time and work at what they can handle, but their eye is always on the larger goal.

 

6. They Follow Their Passion

Most people who achieve success early in life do it by following a path they care about and are interested in. Just because an idea is good, doesn’t mean it is inspiring. When Steve Jobs was trying to convince John Sculley to leave his comfortable job at Pepsi to come take over the business side of Apple, his sales pitch was “Do you want to spend the rest of your life selling sugar water, or do you want to come with me to change the world?” That is passion incarnate.

 

7. They Are Focused

When asked what makes Mark Zuckerberg such a great leader, Facebook employees time and time again reference his focus. Mark Zuckerberg’s goal is to connect the world in ways no one else has ever dared to imagine, and every decision he makes is unflinchingly taking him closer to that goal. Having a clear vision is a key to success for any young leader.

 

8. They Love Learning

Just because they are rich doesn’t mean they think they have all the answers. Millionaires in every field share a lifelong love of learning. They hold open meetings where they can get advice from people at every level of the organization because they understand that you never know where the next great idea will come from.

 

9. They Love Teaching

The best way to get better at what you do is to teach the tricks of the trade to someone else. Successful young people share their vision and teach their team members what they need to do to succeed. It not only makes everyone smarter, it builds camaraderie and gets everyone on the same page.

 

10. They Aren’t Afraid to Fail

Finally, and most importantly, millionaires aren’t afraid to fail. Bill Gates once said, “It’s fine to celebrate success but it is more important to heed the lessons of failure.” Keeping an open mind and being willing to learn from your mistakes is the only way to keep moving forward.

 
 
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7 Self-Care Lessons From My Restorative Retreat

7 self care lessons from my retreat

 

Last week I spent time offline at a remote 'restorative retreat' in New South Wales and it really hit me just how much 'work' has gone into growing my business the last few years.

While away I was reflecting on some key intentions I set in January this year.

I am super committed to self-care, health and fullfillment in all areas of life (Primary Foods anyone?) And so in January I had so much fun planning grandiose 2015 goals of 'non-work related' activities. The last few years have been very work-focused as I got my business up and running and I was craving new experiences.

'2015 is my year of LIVING in all areas'  I declared!

But, as I lay in restorative poses for most of last week I reflected on having been so clear on my intentions in January but the difficulty in actually fully playing that out as the year has progressed.

On one hand I want even more time for me, more time for family, friends, yoga, sleep-ins...
And on the other hand I love my business baby so much that I could work 24/7 birthing the endlesss stream of ideas I want to share with the world.

Can you relate?

Do you sometimes feel like you have two parts to you aswell? One as an entrepreneur building a thriving business and another as you; the friend, the parent, the carer, the partner…every day you?

For most of us, building our own business and becoming an entrepreneur is a life we work hard to achieve. Sometimes it can become all consuming, and you find yourself thinking, talking, breathing about your “business baby”.

I will never be one to pretend the road to success as a coach is all rainbows and lollipops! The first few years can be hard-going and truth be told, most of us love that when it is all shiny and new. But if we are not careful, too much focus on any one area of life can be detrimental.

To maintain a healthy, balanced life, it's important for you to schedule fun, mindlessness and improving your life balance which in turn will sharpen your business brain. Here are my 7 top tips for keeping your life in balance while staying connected to the purpose-driven maven that you are.

 


1. Let it go

Do you worry that if you’re not working 24 hours a day, your business will suffer? It sounds so obvious, but is easier to fall into than it sounds. Dropping this fear will naturally bring more productivity and a sense of satisfaction as you will enjoy your work. Quite often I send my private clients home to 'do nothing' for a week - burnout is the quickest ticket to a boring and unsuccessful business. And last week while away at the retreat, I scheduled social media posts, and course work for my clients ahead of time and nobody even noticed I was gone!

2. Book in down time

It is important to schedule time for activities that allow you to recharge and add value to your life. Some ideas include a walk at lunchtime, a regular chai tea with dynamic friends and reserved time for family activities. These scheduled times will give you fun times to look forward too and as you’ve booked them in, you’ll be more motivated to keep your plans. After last weeks retreat I set up a new little 'Restorative Nook' in my apartment and now have restorative time booked in between the end of the working day and family evenings.

3. Technology holiday

Having access to so many communication devices is awesome as an entrepreneur but we can become too attached! Allocate a day (Sunday is my fav) or time period and switch off your phone completely – you will be amazed at how much you can get done without this added distraction and how present you can be in other areas of your life instead. You need to separate work and life, which starts with freeing your mind from everything to take time for yourself. When hanging in the bush retreat last week it was so freeing to never pick up the phone to 'check' on anything - and guess what - the world didn't even fall apart!

4. Become a student

Expand your knowledge whilst firing up your brains pathways by learning something new. When we take on a role as coach or teacher it is also important to take time to be the student. Take a short course or weekend retreat like I did, read a new business magazine, try learning a musical instrument or enrol in an online program. Scheduling this time for you ensures time away from the computer and as you’ve made a commitment to participate, this will ensure you shut off and remain present. I learnt some wonderful new yoga practises, spiritual concepts and made beautiful new friends, all in just a few days of stepping into being the student.

5. Health and wellness

Being an entrepreneur, your business relies on your alertness to capture opportunities and ability to focus. Make sure that you are putting yourself first by eating well, getting enough sleep and exercising. Schedule workouts in your diary and make sure you fit it in. If not, you’ll most likely regret it when you start seeing a negative impact. While I eat pretty cleanly by anyones standards, it did amaze me how full of energy I felt after the retreat after eating super duper clean and nourishing food for only a few days. My brain feels so clear this week as a result!

Remind yourself that those things are critical to thinking, creating and performing at your best, and make sure you stand firm to your commitments to all three.

6. Delegate

Often we find much of our time bogged down by tasks we don’t have the expertise including bookkeeping, marketing and admin work, but for many your budget doesn’t allow you to hire full-time help. Odesk is a great resource for outsourcing small business tasks with no commitment and can free you up to do tasks you love.

Consider also delegating more of your “life” duties including childcare, cleaning and grocery shopping to your partner. Having that extra bit of help will give you more time to spend with your family and friends and reconnect. It took me a while to convince my husband that we needed a housekeeper and a chef but hey, he now loves it more than I do and our weekends are spent together not cleaning!

7. You time

There’s a good chance you’re a Type-A and overwork yourself when you are building a business. (I make that guess as your ambition has no doubt driven you to pursue a new career) But to avoid overworking and burn out, schedule in down time just like you do meetings and appointments. Ideally, 30 minutes each day should be dedicated to slowing down to allow your brain to relax and ideas to flow. Try meditating, going for a walk (leave your headphones), sitting with a cup of tea or just simply being still. For me it's often as simple as picking up an Almond Milk chai in the middle of the day and sipping it by the beach between clients - a 20 minute 'me time' break can feel like I've had hours to myself!

Let me know in the comments below how you implement Self-Care while being the super-driven business owner you are!

 
 
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