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

premium house cleaning Highland Park ..

In The News:

A New Jersey teenager filed a major lawsuit against AI/Robotics Venture Strategy 3 Ltd. over ClothOff, an AI tool that created fake nude images from her social media photos.

Microsoft reports Storm-2657 cybercriminals sent phishing emails to 6,000 addresses at 25 universities to steal payroll credentials and redirect funds.

Astronomers have discovered asteroid 2025 SC79, a skyscraper-sized space rock orbiting the sun in just 128 days. the second-fastest known.

The Fox News AI Newsletter delivers the latest developments form the world of artificial intelligence, including the technology's challenges and opportunities.

A cyberattack on SimonMed Imaging exposed personal information of 1.2 million patients, including medical records, financial details and identity papers.

Spotify's managed accounts for kids under 13 now available in at least seven countries, allowing parents to filter and block explicit content and songs.

Friendly text conversations about BBQs and social events can lead to WEEX gold trading scams that target older adults with fake investment opportunities.

California company Skyeports creates self-healing glass spheres from Moon regolith that generate solar power and support plant growth for sustainable lunar living.

Cleafy researchers discover fake VPN streaming app Mobdro Pro that installs Klopatra banking Trojan, giving attackers full control over Android devices.

Police departments across the U.S. and Canada are adopting virtual reality training to better prepare officers for high-pressure, real-world situations.

House Bill 469 would prevent AI systems from owning property, serving as executives, or gaining legal personhood in Ohio under Representative Thaddeus Claggett's proposal.

Public voter records expose retirees' personal details to election scammers who create targeted cons using names, addresses, and voting history data.

Instead of fearing what comes next with artificial intelligence, think outside the box. Here are high-earning AI jobs that don't require a computer science degree.

OpenAI CEO Sam Altman says polite words like "please" and "thank you" cost millions annually, while direct prompts may improve ChatGPT accuracy by several points.

Chattee Chat and GiMe Chat exposed intimate conversations and photos, revealing users spent up to $18,000 on AI companions before the breach.

New Instagram parental controls allow families to manage teen screen time and content limits through the Family Center with stricter safety settings.

Third-party security breach at Discord exposes sensitive user information including government IDs, highlighting cybersecurity risks from external service providers.

Survey of 1,000 students shows teens using AI for personal relationships while two-thirds of parents remain unaware of their children's AI usage.

Cybersecurity experts warn about a ShadowLeak vulnerability that weaponized ChatGPT's Deep Research agent to steal personal data from Gmail accounts through hidden commands.

Tesla's Full Self-Driving system faces federal investigation following 58 reports of crashes, with six vehicles running red lights before colliding with other cars.

The Fox News AI Newsletter brings you the latest developments on artificial intelligence, with news on OpenAI moving to soon allow erotica for adult users.

Eric Schmidt alerts that hackers can reverse-engineer AI models to bypass safety measures, citing examples like the jailbroken ChatGPT variant called DAN.

Cybercriminals exploit Microsoft Teams through impersonation, malicious links and fake profiles to gather intel and deliver ransomware to personal and work devices.

Google, Dior, Allianz and dozens of other companies lost sensitive customer data in Salesforce-related breaches affecting millions of records across multiple sectors.

Apple launches iOS 26 with new Preview app that combines document editing, PDF annotation and scanning features into one streamlined iPhone experience.

Top 7 Traits of Extremely Wealthy People

Success