Home
>
Success
>
Top 7 Traits of Extremely Wealthy People

Top 7 Traits of Extremely Wealthy People

Wealthy people share common traits. That's why they are wealthy. If you want to be extremely wealthy, learn and own these traits:

1. PERSISTENCE
On your way to achieve wealth, you will definitely face some obstacles. Overcome the obstacles and move on. Do not give up and be persistent. Wealth is achieved only by removing a series of stumbling blocks along your way to riches.

2. INVEST OR BUILD A BUSINESS
Extremely wealthy people are either businessmen or investors. Look at some of the richest people in the world. They all own companies. To create wealth, you must involve yourself in business or investing. This is where the money is. Start your own business and grow your wealth.

3. INNOVATIVE
To be very wealthy and to stay wealthy, you need to be very innovative. Being innovative ensures that you always come up with new ideas to create wealth. Look around you for some opportunities that can make you rich. Be observant and critical.

4. DO WHAT YOU LOVE
If you are not doing what you love, forget about getting rich. Wealthy people get wealthy because they do what they love. They love what they do so much that they forget that they are actually working. Find something you love and create business around what you love.

5. GIVE IT BACK
Donate some of your income to charity you believe in on a regular basis. Some extremely wealthy people even have their own foundations. They donate a percentage of their wealth to the cause they believe. The more you give, the more you receive. Do not hoard wealth, share it with people around you.

6. CONTINUOUS LEARNING
Keep learning to improve yourself. Extremely wealthy people believe that the greatest asset in the world is your mind. Your mind shapes your destiny. Invest in your greatest asset by reading books, listening to audio tapes or attending seminars.

7. LEVERAGE
Extremely wealthy people do not do everything themselves. They know when to let go. They hire the right people to do it. Bill Gates doesn't write software, he hires programmers to do it. To be very rich, you must know how to leverage. Hire people and use tools to do some of your work. If you do not leverage, there is so much that you can do, and this puts a limit on how much money you can make.

Besides the above traits, extremely wealthy people dream big and they take action to have their dreams come true. Furthermore, they persevere and have strong desire in achieving their dreams. first start out.

There is no clear answer to this question. But I can share some real life experience with you.

I have a friend who just recently quit his job and started a recruitment company.

While having a chat with him the other day, he received a phone call from a prospective employer.

After a long chat with his prospective employer, he was kind of unsure what he should do next.

Whether he should accept a job offer from the prospective employer and focus only on his recruitment business part time. Or just ignore the job offer and focus full time on his new business.

When I first started out, I quit my job as an IT consultant. I use my savings to fund my new business ventures. I focused on the new business ventures full time.

I went all out and there was nothing for me to fall back. This is something like 'do or die' thing.

This put enormous pressure on me but it was also a great motivating factor for me as well. I must do well in what I planned to do. I got no choice but to channel all my energy and attention to it.

When you leave yourself no option and no way out, you'll try your very best to achieve what you want to achieve.

Leaving yourself no option is like you were caught in this situation: make a million dollars in 3 months or you lose both of your hands.

Yes, you're right, in order not to lose your hands, you have to make a million dollars in 3 months!

If you were in this situation, I'm very confident that you'll find all the means to make a million dollars rather than giving chance to get your hands chopped off.

That's how you feel if you were to start out full time. You can see the results faster. And also you get things done faster.

A piece of advice before you decide to start out full time is to have enough financial buffer.

Your financial backup is extremely useful if your plans fail to generate certain amount of income in a specified time. You can use your backup to put food on the table.

Other than that, if you have a family, strong support from your spouse is utmost important.

Having said that, I'm not saying everybody who has plans to be on their own should follow my path and do it full time.

But if you notice, there are many success stories from people who started out part time.

One excellent example is Michael Dell, founder and Chairman of Dell Computer.

According to Forbes magazine, he is one of the youngest richest men in the world.

When Michael Dell first started his computer business, he operated from his university dormitory. He started out his part time business while he was a university student.

When his computer business grew faster than he could ever imagined, then only he quit as a student and involved full time in his business.

That's how Michael Dell started his multi-billion dollar computer business from a part time business.

Starting out part time is a safer path because you can still rely on your full time job.

The only drawback I can see if you start out part time is you may not put all your energy in it. Because you have a day time job as backup, you may not be as committed as when you're in it full time.

Many people gave up after a few months of trying and fall back to their 9 to 5 job.

Either you choose to start out full time or part time, success will be on your side if you have a burning desire and passion to succeed.

Abel Cheng offers small and medium enterprises exclusive global profits insider tips in his free publication, Abel Cheng's Business Diary. To officiate a bi-weekly subscription, please go to http://www.abelcheng.com/diary.html

top rated cleaning service Lake Forest ..

In The News:

NASA's Perseverance rover discovers shiny metallic rock on Mars that could be a meteorite from an ancient asteroid, containing high levels of iron and nickel.

Holiday scams spike during Black Friday and Cyber Monday as criminals exploit your leaked personal data. Learn how to protect yourself from fake stores and phishing.

Commerce Department proposes TP-Link router ban over Chinese security risks. Learn how this potential prohibition could affect your home network and devices.

Hyundai AutoEver America suffered a data breach affecting 2,000 current and former employees, exposing names, Social Security numbers and driver's license information.

Washington court rules automated license plate reader images are public records, even when stored by vendors like Flock Safety, setting precedent for transparency.

Fake airline texts claiming flight cancellations are targeting travelers with convincing scams. Learn how cybercriminals steal personal data and credit card info.

Discover how iOS 26's new Adaptive Power feature automatically extends iPhone battery life by learning your usage patterns and adjusting performance intelligently.

New TikTok malware campaign tricks users into running PowerShell commands that download Aura Stealer, which steals credentials and authentication tokens.

Gaia Family offers fixed upfront pricing for IVF cycles with unlimited embryo transfers and financial protection, partnering with over 100 U.S. fertility clinics.

The Jetsons Act aims to position Pennsylvania as a leader in advanced air mobility by establishing regulations for hybrid ground-air vehicles.

Fake Geek Squad invoice emails are targeting users with convincing charges and urgent phone numbers to steal personal information and money.

Fox News Digital's artificial intelligence newsletter digs into a robot in Russia that faceplanted, George Clooney's alarm and OpenAI's rivalry with the New York Times.

Major data breach at Conduent exposes personal information of 10+ million people. Government contractor hit by cyberattack affecting Medicaid, child support systems.

Texas startup Janta Power raises $5.5M for innovative vertical solar towers that generate 50% more energy than traditional panels while using just one-third the land.

NASA's twin ESCAPADE spacecraft launched aboard Blue Origin's New Glenn rocket Thursday afternoon from Cape Canaveral, beginning their journey to Mars with arrival expected in 2027.

Learn how to set email reminders on iPhone and Android so you never forget to reply again. Simple built-in features help you stay organized and on top of messages.

Discover how Apple's passkeys revolutionize Mac security by replacing vulnerable passwords with biometric authentication and encryption for ultimate protection.

New survey reveals 78% of parents fear AI scams targeting their kids, yet nearly half haven't discussed these threats. Learn why this dangerous gap exists.

Chrome now autofills passport and driver's license info automatically. Google's latest browser update adds official document support with encryption and user control.

Scammers impersonate Department of Veterans Affairs employees claiming veterans owe money, but real VA communications only direct to VA.gov or official channels.

The AltoVolo Sigma hybrid-electric aircraft flies 500 miles at 220 mph while operating 80% quieter than helicopters, featuring safety systems and compact design.

Google search scam alert: fake customer service numbers can give scammers remote control of your phone. Learn how to spot these traps and protect yourself.

Electric vehicles overtake gas cars in total CO2 savings after just two years of driving, with emissions benefits growing over time as power grids get cleaner.

Louvre Museum reportedly used "Louvre" as password for surveillance system during $100M jewel heist. Learn how weak passwords put even famous institutions at risk.

Bipartisan AI jobs bill from Sens. Hawley and Warner would require companies to report AI-related layoffs and hiring to Department of Labor quarterly.

Top 7 Traits of Extremely Wealthy People

Success