The world’s idea of who and what a millionaire is has changed. When we
conjure up an image of a very wealthy person They all share the following
10 traits.
1. They Act Fast
A sense of urgency lies at the heart of any young 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.
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. Young 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, young 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.
