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Setting & Achieving Goals

20 Habits Holding Me Back From Being A Millionaire

Getting rich quick is difficult but getting rich eventually is just a matter of thrift, work and patience.

John Rampton




How would you like to become a millionaire?

We all do. But, most of us, including yours truly, have bad habits that get in the way of accomplishing this feat. If you’re able to ditch these bad habits, you should realise that obtaining a millionaire status isn’t as elusive as you may have thought.

For me personally, here are the 20 habits that were holding back me and so many other people from becoming a millionaire.


I completely understand that not everyone is a morning person because I struggled with that for years. I still do on those cool, rainy mornings. Here’s the thing.  If you’re not getting-up until noon expect to hustle and work 12 or more hours per day to make up for your late start.

Successful people are known for waking-up early, usually before everyone else in their house, so that they can start cranking out work, catch-up on the news, respond to the emails and exercise without sacrificing to much time with family.

Related: 15 Wise Money Quotes From Millionaires And Billionaires

2Neglecting your health

“Poor health habits create detrimental luck,” writes Thomas Corley in Change Your Habits, Change Your Life: Strategies that Transformed 177 Average People into Self-Made Millionaires.”

When you’re unhealthy, you’re tired, less productive, more stressed and far more prone to getting sick. How can you focus on building your health when you’re battling those factors everyday?

3Not reading


The rich invest the time and effort necessary to expand their knowledge, keep up with news and trends in their industry, learn from inspirational biographies and remaining relevant.

As Will Lipovsky wrote, reading brings in different perspectives, allows various points of view to broaden your own, pushes you to dream bigger and motivates you to never give up.

4Relying on one source of income

The wealthy have several streams of income. For those of us aspiring to wealth, that means side hustling to pay-off debt, set aside for your retirement and invest.

This doesn’t mean that you have to get a second job waiting tables (but it’s not a bad idea until you have a better option). It could be something that you’re passionate about, such as writing about technology. You could eventually gain a following for your blog and start earning a passive income through affiliate marketing.

Related: The 6 Attributes Shared By Young Millionaires

5Not setting a budget

Everyone needs to create a budget and stick to it but, unfortunately, there are plenty of people who don’t. Since they can’t accurately see if they’re spending more than they’re earning, that often leads them to financial trouble. If you notice that that’s the case, then you need to start cutting unnecessary expenses and speak to an advisor to get you back on-track.

This is actually another habit shared by the wealthy as authors Thomas Stanley and William Danko discovered after studying millionaires for their book The Millionaire Next Door.

6Spending carelessly

“Ninety-five percent of the poor in my study did not save and most accumulated debt to subsidise their standard of living,” Tom Corley wrote in Change Your Habits, Change Your Life. “Consequently, they have no money for retirement, for their kids’ college, or for pursuing opportunities that present themselves.”

As Corley bluntly puts it. “Not saving and spending more than you make create long-term poverty, with no hope of escape.”

7Not paying attention to the small costs


You may not think that spending $4 a day on a cup of coffee has an effect on your wealth. The same with that $500 yearly gym membership that you rarely use. Even though in the scheme of things these are small costs, they add-up quickly.

I recently pulled random credit card payments data from my company. I found that 35 percent of people that purchase coffee or visit a coffee shop on a daily basis (at least 4x a week) only pay the minimum on their credit card each month.

Again, that’s why a budget is so useful. It helps you pick-up on these small costs so that you can adjust accordingly and stick with the essentials. Instead of going to Starbucks daily, make it a weekly reward after you’ve had a productive week and only keep the subscriptions that you’re actually using.

Related: 5 Truths That Made Me A Millionaire At 22

8Hanging out with the wrong crowd

“You are only going to succeed in life if you surround yourself with the right type of people,” says Corley. Replace those toxic and negative people in your life with those who optimistic, driven, and supportive.


It’s one thing to say that you want to become a millionaire. It’s another to actually start doing it. If you want to get out of financial stagnation then you need to start taking action as soon as possible. Even if that’s just sitting down with a financial professional to go over your budget. It’s a great place start so that you can stop talking and start doing.

10Drinking and gambling

“There is no such thing as getting rich quick,” Corley writes. “Financial success takes time, takes initiative, and requires relentless effort. Those who gamble are deluded into thinking there is a shortcut to success.”

Instead, millionaires “make a habit of pursuing their dreams and their goals.”

Furthermore, excessively drinking alcohol prevents you from achieving that millionaire status since it harms your memory, ability to think clearly and your health. That’s not to say that you can’t have the occasional glass of wine or beer. It means that this should never become a daily habit.

11Watching too much television


Zig Ziglar once said, “Rich people have small TVs and big libraries, and poor people have small libraries and big TVs.”

Don’t get me wrong. I enjoy watching Netflix every now and then. But, as Corley has found, the rich would rather read, exercise or educate themselves rather than waste time watching TV.

“Making productive use of time is a hallmark of self-made millionaires,” Corley says. “Wasting time is a hallmark of poor people.”

Related: These 3 Simple Strategies Will Better Your Odds Of Becoming A Self-Made Millionaire

12Not finding a mentor

I’m confident that if I had found a mentor years ago I would have struck it rich back then. Why do I feel that way? I could have learned from the successes and mistakes of someone who has proven themselves in the field. Their advice could have helped me skip the constant trial and error that I’ve experienced and get right into making a profit.

While you can go out and hire a mentor, mentors are all around you. It could be the advice from a college professor, your parents or even from Elon Musk by following him on social media or reading his biography.

13Staying in your comfort zone

I get it. Taking risks and stepping out of your comfort zone is unsettling. But it’s not until you take that leap that you’ll find financial success. It’s a habit that has worked well for Bill Gates, Richard Branson, Larry Ellison and Warren Buffet.

“The pursuit of wealth requires that you take risks. Most don’t, and that’s why most are not wealthy,” says Corley.

14Not asking questions

Put aside your ego for a moment. You don’t know everything. I hate to be the bearer of bad news, but that’s a fact and it will hold you back from becoming wealthy until you face it.

I learned the hard way that guessing your way through leads to failure and poor decisions. If you’re uncertain about an investment or business idea, don’t hesitate to ask for feedback and advice.

15Being consumed by failure

Entrepreneurs wear failure like a badge of honour. That still doesn’t mean that enjoy or want to fail. Closing a business and losing almost everything sucks but those setbacks are necessary to become as strong as you can be.

Make no mistake about. Failing is pretty awful. But, don’t let that hold you down. Take those risks. And, if you fail, learn from your mistakes and move forward.

Related: 5 Millionaire Traits That Will Help You Get To The Top

16Not setting daily goals

One of the best habits I’ve picked-up over the last couple of years is writing down my daily goals first thing in the morning. It inspires and guides me to push myself each and every day to achieve those goals.

I’ve found that when setting your daily goals, it helps to prioritise them by most important to least important Prioritisation is first doing what matters most. For example, instead of me chasing several $100 past due invoices, I focus on the one or two $1,500 invoices.

17Thinking negatively

“Long-term success is only possible when you have a positive mental outlook,” Corley writes.

Here are some of the most common negative thoughts that we have and most overcome;

  • Doubting yourself. Training, education and a mentor can change this.
  • Not believing your goals can be achieved. Focusing on achieving those daily goals and work your way up.
  • Having poor grades. No. Grades and learning disabilities don’t determine your success. Just ask Richard Branson who overcame dyslexia.
  • The competition is too tough.You never know until you try. Worst case scenario? You have to pivot.
  • No focus. A healthy lifestyle and setting daily goals can keep you focused.

18Not collecting assets

“A job will never make you rich. Neither will saving all your cash in a coffee can. So how can you build that wealth?,” asks Brandon Turner, VP of Growth at

So, what will? Assets, like a profitable business, a growing stock portfolio or investing in the right piece of real estate.

Remember, your car and shiny toys are “liabilities that are robbing you of future wealth.” Focus on “collecting things that will make you money in the long term.”

19Making excuses

Making excuses was one of the tallest hurdles between me and wealth. Making excuses is easy when are trying to understand why we’re buried in debt and don’t have a six-figure income. Saying we want to “live in the moment” is a poor excuse for not working today to make a more prosperous future. Stop making excuses and start taking action.

For example, don’t worry about saving when you’re drowning in debt. Pay that debt off first, then you can start saving and investing. If you don’t make enough money, then find another source of income like selling stuff online or delivering pizzas. That won’t solve all of you problems, but it’s a start in getting rid of those excuses.

Related: 13 Female Entrepreneurs Rising To The Top

20Not following the 70/30 Rule

Jim Rohn, one of the county’s leading authority figures in business, has a simple formula for accumulating wealth.

“After you pay your fair share of taxes, learn to live on 70 percent of your after-tax income. These are the necessities and luxuries you spend money on.” Rohn says after that, “it’s important to look at how you allocate your remaining 30 percent.”

He suggests giving a third to charity, a third toward capital investments and the final third should be put in savings. You won’t notice anything at first, but “let five years lapse and the differences become pronounced. At the end of 10 years, the differences are dramatic.”

This article was originally posted here on

John Rampton is an entrepreneur, investor, online marketing guru and startup enthusiast. He is founder of the online invoicing company Due. John is best known as an entrepreneur and connector. He was recently named #2 on Top 50 Online Influencers in the World by Entrepreneur Magazine and has been one of the Top 10 Most Influential PPC Experts in the World for the past three years. He currently advises several companies in the San Francisco Bay area.

Setting & Achieving Goals

Finish The Year Strong To Carry Momentum Into 2019

Survey your accomplishments now, and reassess your goals, to conclude this year in kinetic alignment with where you want to go next.

Raul Villacis




At the end of every season I like to take some time to reassess my yearly outcomes. I also do this with all my coaching clients because it helps them see the progress they’ve made and how they can adjust their expectations.

This year, I decided to bring all my clients together for a two-day event to do their assessments in a group setting. This is going to be the main theme at this year’s Next Level Leadership Summit: “How to Finish Strong.”

I’ve been privileged to coach, consult and interview some of the most productive entrepreneurs I know, and I have learned as much from them as they have from me. The principles they have shared with me are timeless and easy to follow. I have used them time and time again to reset my goals to make sure I set myself up for a great closing to the year instead of being disappointed by what I didn’t accomplish.

Don’t let attachment to the outcome rob you of victory

Most entrepreneurs are very competitive. We have a vision and goals, and we want things to look a certain way. The truth is that things don’t happen the way we want them to most of the time. To keep the momentum, sometimes you have to adjust your vision.

Currently, I’m working with a real estate developer who is working on several projects. At the beginning of the year, he set a goal to close a deal that would net him $20 million. He found one and started working it. It looked like he was on his way to achieving his goal, but he later received news from his architect that he had miscalculated some numbers and that they would be making $5 million less than originally projected. Upset, he called me to tell me the news.

All I heard in his voice was how disappointed he was that he was not going to hit his goal. I reminded him of where he was three years ago when he joined my programme. He was burned out, had lost his purpose and didn’t have any deals to count on. And now, this is one of the many deals he has in the pipeline. Maybe he won’t get what he was aiming for, but this is still a victory.

This is what we do all the time. We beat ourselves up because we are attached to the way things should be. A high-performing entrepreneur looks at their life as a game. To finish the year strong, he must appreciate how far he has come and reset his outcomes according to his current situation.

Related: The 7-Step Formula For Goal-Setting

Focus on progress, not perfection

At the first of the year, you create a list of things you want to accomplish. You then wait and wait for the perfect timing. After nine months go by, you look at the list and you feel disappointed you didn’t get everything done.

I know a guy who is developing a productivity app. He has interviewed developers, created the overall design and is constantly asking for feedback from people on how the app should look. He has been working on this for years but he is always waiting for the perfect time to execute.

One of my other clients has just launched his first app, and he is getting rave reviews. What’s the difference between these two men? One is waiting on the perfect time and is paralysed by the illusion of perfection while the other one was focused on creating progress.

Each week I asked my client how his app was going, and he shared his progress. Was it perfect? No. Did he experience challenges to make it work? Yes. But he knew the first steps – finding the money, reviewing the design and creating the user experience – were going to be the hardest. Now he is working on improving it based on all the feedback he has gotten from users.

High performers know perfection is the lowest standard. To finish the year strong, take inventory of all the progress you’ve made and focus on making things better.

You are the product of your environment

We’ve been taught that mindset and positive thinking are the keys to success. But that’s only part of the equation. For the last decade, I’ve focused on being in an environment that supports my growth. It doesn’t matter how strong your mindset is. It doesn’t matter how positive you are. If you are around negative people or in a negative environment, you will lose.

I’ve helped one of my clients get clear on how he wanted to take his business to the next level. We created a plan and a timeline with clear outcomes. Then I asked him, What is one thing that can mess this plan up? He said if he continued to hang out with his drinking buddies and give in to his old habits, it could distract him from his plan. So I told him to change his environment for the next 100 days to see if that would make a difference.

Now, at day 110, everything – his business, life and relationship – are on fire. I not only asked him to change his environment, I also replaced it with a group of high-level performers who hold him accountable to his commitments. That group is on fire, and they are going to be recognised for their amazing shift at my Next Level Leadership event.

High performers evaluate their environment and make changes to align it with their vision. They eliminate any possible scenario that can prevent them from getting what they want.

Related: 6 Reasons Why Concrete Goals Are Essential To Entrepreneurial Success

Focus on the other R.O.I. – return on impact

As entrepreneurs, we must watch the bottom line at all times. Every move we make has to bring us a return on our investment. Lately, I’ve seen a big shift in the market. The “cut through to the bottom line” mindset can only take you so far. I’ve been able to grow my business faster by focusing on the impact rather than the income. Don’t get me wrong. I charge for my services, and I’m not running a non-profit, but income is not my main focus.

I recently helped a client create a framework in his business that gave him a sense of purpose. He was ready to sell all his assets and move to an island with his wife and kids because his idea of success was being met by his expectations in his business. I helped him see that he simply needed to focus less on the transactions and more on the transcendence his business could provide. He owns multiple businesses, so it took him some time to figure out how he could help his clients have a better experience rather than treating them as singular transactions.

When he came back to me, he had a list of things where he had made an impact. All of a sudden, his passion for running a business had returned. He had a new sense of purpose seeing how much impact he could make in he lives of others.

A high-performing entrepreneur measures his success on the amount of impact he has on people’s lives.

Reset, recharge and recommit

We all want to have more time. We are running 100 mph, and we don’t want to slow down. That’s the life of any entrepreneur who wants to succeed in this competitive market. But, if a car is running that fast every day, it will eventually crash. And that’s what happens to us. We crash and sometimes burn things down.

To avoid this, I meet with my clients several times throughout the year to reset our goals, recharge our batteries and recommit to the process. Nothing is better than iron sharpening iron. It doesn’t have to be a long period of time. We actually discover that all we need is one day per quarter, and we can compound time. When you’re busy, quality is better than quantity.

Each quarter, people travel from all over the country to our meetings so they can share their progress and see how they can help one another. The key here is to Reset your goals, recharge your mindset and recommit to your outcomes.

High performers know that proximity is power. They also know you need to recharge your batteries in order to get back into the game – especially if you want to finish strong.

This article was originally posted here on

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Setting & Achieving Goals

Your Worth Is Not Measured By Your Productivity

Clients don’t ask too many questions if they’re getting regular updates and feel as though things are moving along.

Tamryn Sher




We live in a world that glorifies the term ‘being busy’ and down plays terms such as ‘burn out’ and ‘mental health’. After all, that’s how we measure success right. It’s ok to be burnt out, because it means you’re successful and pushing yourself. It’s unthinkable that a woman can achieve her goals if she only works an 08h00 – 17h00 right. Wrong. I recently left my corporate job, with my comfortable salary, to pursue the unknown. I’m still ‘busy’, the only difference is that I’m more flexible now.

What that means is that I can take time away from work to cook dinner, attend a family birthday etc and work my schedule around that. When I worked in corporate that flexibility was not offered. It’s about making time for the things that matter, while still ticking off my to-do list and making sure my clients feel happy, secure and taken care of. Clients don’t ask too many questions if they’re getting regular updates and feel as though things are moving along.

1. Forgive yourself

It took me some time to learn to forgive myself. For putting my career above my friends, my family and myself. In my first week as a freelancer, I had been working late nights and on the Friday afternoon I crashed at 2pm, had an hour-long nap and then carried on. I kind of beat myself up for that. Accusing myself of being lazy, telling myself I didn’t have the luxury to have a nap during the day and I was disappointed with myself. I had to learn that it’s OK to give yourself what you need, when you need it, to thrive.

Whether it’s a late afternoon power nap or saying no to new business when you’ve reached capacity. It’s OK to do you, forgive yourself for being human.

Related: 5 Surprising Elements That Boost Your Productivity (One of Them Is Colour)

2. Motivation

It’s easy to stay motivated when things are going well. It’s a different story when things aren’t going well. Remember why you started your journey, remember your training and reach out to your network. Never be ashamed of your hustle. 90% of my current business came from me reaching out to my current network. It’s amazing how once you start doing things you love; how many people want to help you succeed and support you. They need to know what you’re doing first, to offer you their business.

I also remember, when I first started telling people I had left corporate to start my own venture I always received 1 of 3 responses:

  1. Wow you’re so brave, that’s so inspiring. I wish I could do what you’re doing
  2. Wow are you sure that’s the smartest thing to do right now, you know the economy and blah blah blah
  3. Oh wow, it must be so nice being a lady of leisure, do you go for coffee dates with friends and watch series during the day.

The doubters used to scare me because, to be honest, I had a little bit of doubt myself. ‘Can I really do this, will I succeed?, what if I fail?’, those are questions I kept asking myself. Now I use the comments as motivation, whatever the comment is, you’re inspired by me, great, keep watching…. You don’t recommend I start my own business in this economy…. Cool, please watch this space. You think I drink margaritas and tan all day, ok, watch my success, while I’m sipping on this pink drink. You need to be so mentally strong to be an entrepreneur and it’s your responsibility to stay motivated.

3. Discipline

Routine is important when you’re a business owner. There will be days where you work a late night and need a little extra sleep in the am, I encourage you to get back into your routine as soon as possible though. On the days where you don’t feel like doing your work – those are usually admin days. Hack the system, go for a run, have a coffee, do what you need to do to re-set your mind and then get back into it. No-one is going to stop you from self-destructing, so keep the discipline and grind! No one is going to force you to do it, so you must force yourself.

Related: Four Ways To Boost Your Daily Productivity

4. Enjoyment

While being your own boss is tough and comes with a different set of concerns, remember why you started. Enjoy the peace of mind and happiness, realising you are in full control of your destiny. Celebrate those small wins. It’s difficult to be motivated and disciplined, to find work and keep it. Celebrate your successes, a million people are killing 8 hours a day working jobs they hate, wishing they had the courage to pursue their dreams. You’re already doing that, you’ve taken the plunge and you have a responsibility to succeed. Enjoy the process throughout the way. There’s nothing as rewarding as gaining a new client, getting great client feedback or completing a job well done.

When I worked in corporate I would kill myself to pull off a campaign, giving up sleep, family time etc. Knowing I did a kick-ass job, never once receiving praise from a client. When I heard my manager ask why she never thanked us, her response was ‘But we pay you to do this, it’s expected, please don’t ask me to thank you for doing your job, when I’m paying you to do that job’. That’s when I realised I would have to find fulfilment and enjoyment from within.

5. Repeat

You will mess up, it’s inevitable, you’re human. No matter how good you are, how committed you are or motivated you are, it will happen. Get up and keep going, pick up your crown and keep marching on. There’s no use crying over spilled milk. Whether you’re in corporate or you’re your own boss, remember these 5 tips, modify and apply them to suit your situation and remember that your worth is not measured by your productivity. You can be successful while taking care of yourself both physically and mentally. It’s time to shine!

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Setting & Achieving Goals

4 Actions You Must Take To Find Your Opportunity

There is exactly as much opportunity in the world as you’re willing to work for.

Grant Cardone




Don’t look for an industry, look for the opportunity. Opportunity is a set of circumstances that makes it possible to do something. The middle class looks for jobs to solve their problems. You need a job, but you also need opportunity. Senior students at MIT and Harvard right now don’t even know what opportunity means, they will just be looking for a job next summer. The truth is, an opportunity will solve your problems.

Here are four tips today to find your opportunity.

1. Look for opportunity

Before you can see an opportunity, you have to be looking for opportunity.

This seems basic but many people have given up on looking for opportunity. This is why there is that saying, “You wouldn’t see an opportunity if it hit you in the face.”

Opportunity can literally be right where you are but you’re blind to it.

2. Be willing to read and research

They say knowledge is power, and it’s true. You won’t find opportunity without knowledge. Everything you want, you are just a piece of knowledge away from obtaining. The only thing between you and massive wealth is the right knowledge. I’ve experienced all the delays and pitfalls that keep people in the middle class, but I was able to push beyond them to become wealthy, and I can teach you to do the same because of the knowledge I’ve obtained.

Related: How To Make Course Corrections And Finding Your Differentiator

3. You have to go for it

You have to leave where you are comfortable. Staying with mommy and daddy past the age of 25 isn’t going to work, sorry. Opportunity might mean moving out of your city or even across the country. Maybe, just maybe, you need a new passport for your opportunity. The point is, the opportunity may not be where you are because you might be a big fish in a small pond.

4. Make contacts

Everything you want, somebody else has it. Contacts equal contracts. How big is your power base? How big is your pipeline? The more people you know, the more opportunities will come your way. There’s a reason why successful network marketers make a lot of money — they prospect.

Your next opportunity might just be with someone you don’t even know yet. You need to go out and meet them.

So, what is your opportunity that you need?

Each of these four essentials — looking for opportunity, reading and researching, going for it, or making contacts — requires effort on your part.

I have a few sayings that relate to this:

  • Everyone wants to have a six-pack but doesn’t want to put in the time.
  • Everyone wants to be the boss but won’t go out on their own.
  • Everyone wants to be a millionaire but won’t spend R1 000.

I will add to this, “Everyone wants an opportunity but won’t ____.”

What’s your excuse?

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