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20 Things Millionaires Aren’t Sharing With You

Want to find the secret sauce that helps regular people achieve wealth? Here are 20 insights that millionaires aren’t sharing that can help you become a tycoon too.

Nicole Crampton



millionaires secrets

Here are 20 secrets to wealth creation that millionaires aren’t sharing with you

Richard Branson virgin companies

Richard Branson

Millionaires have particular habits and strategies in their daily lives that result in them becoming wealthy.

There are 46 500 millionaires, 2 060 multi-millionaires and 639 ultra-high net worth individuals (+ 30 million) in South Africa, according to Knight Frank’s Wealth Report 2016. This shows that more people are figuring out how to achieve financial freedom, but the question remains; how are they doing it?

Spend less than you earn


Dave Ramsey

Over the long run, you’ll be better off if you strive to be anonymously rich rather than deceptively poor.

“Financial peace of mind isn’t the acquisition of stuff. It’s learning to live on less than you make, so you can give money back and have money to invest. You can’t win until you do this,” says Dave Ramsey, an American businessman, author, radio host, television personality, and motivational speaker.

The more money you don’t spend the more you can accumulate and invest, and turn into passive income, which in turn will grow your wealth.

Related: 4 Bad Money Habits That Have Left Millionaires Broke

Keep your focus

Charlie Munger

Charlie Munger

You won’t become a millionaire overnight, so you’ll need to keep your focus and remain patient until it happens.

“If you took our top fifteen decisions out, we’d have a pretty average record. It wasn’t hyperactivity, but a hell of a lot of patience. We stuck to our principles and when opportunities came along, you pounced on them with vigour,” says Charlie Munger, vice chairman of Berkshire Hathaway.

Numerous millionaires make it to their end goal by saving and investing, and slowly over time they become millionaires. Patience and focus can help you achieve your wealth goals.

Weigh-up value versus worth

Warren Buffett

Warren Buffett

The reason people are reaching millionaire status is because they aren’t buying the flashy cars and the fancy houses. They’ve learnt from Warren Buffett’s example and they still live in the same house and they still drive ten-year-old sedans.

“Too many people spend money they earn to buy things to impress people that they don’t like,” said Will Rogers, a stage, motion picture actor and social commentator.

It takes a particular type of person that doesn’t care what people think, and is focused on their goal to forgo spending money to impress others.

Related: The 6 Attributes Shared By Young Millionaires

Pay off your monthly debts


Suze Orman

As any financially savvy person knows, no matter how much you earn, if you still have debt it’s going to eat away at your income.

“The only way you will ever permanently take control of your financial life is to dig deep and fix the root problem,” says Suze Orman.

It may not feel like you’re moving forward by paying off your debt, but once it’s gone everything extra you make can start earning interest and growing your wealth.

Money will never buy happiness

Coco Chanel

Coco Chanel

Money does allow you to achieve financial freedom, but remember: “There are people who have money, and there are people who are rich,” says Coco Chanel. Money can provide an easier life, but that should not be mistaken for happiness, you’ll need something else to drive you to achieve millionaire status.

“Happiness is not in the mere possession of money; it lies in the joy of achievement, in the thrill of creative effort,” Franklin D Roosevelt said.

Related: (Slideshow) Best Advice From Self-Made Millionaires

Financial freedom is a mind-set


Robert Kiyosaki

Financial freedom is a state of mind that comes from being debt free, which you can attain regardless of your income level.

“Financial freedom is a mental, emotional and educational process,” says Robert Kiyosaki.

You need to have the right mind-set to achieve the millionaire status or you won’t make it to the finish line. When you have no debt, you can take more risks.

“Every risk is worth taking as long as it’s for a good cause, and contributes to a good life,” adds Richard Branson.

Have multiple sources of income

Dave Ramsey

Dave Ramsey

Getting a second job not only increases the size of your income, but also keeps you busy, and a busy person doesn’t have time to spend the money they already have. Never depend on a single income. Make investments to create a second one,” says Warren Buffett.

On the other hand, if you aren’t knowledgeable in the stock market, then perhaps start your own business on the side.

“The best thing you can do is start a home-based business,” adds Dave Ramsey.

Related: 15 Ways Millionaires Manage Their Money That Make Them Richer

Manage your money to attain growth

T. Harv Eker

T. Harv Eker

You can’t expect your money to grow and mature if you aren’t using some form of credible money management.

“The single biggest difference between financial success and financial failure is how well you manage your money. It’s simple: To master money, you must manage money,” says T Harv Eker.

Without financial management, your money isn’t going to do anything, you need to be proactive and work your money every day to ensure maximum growth.

“If you look at the average amount of money you will earn over your lifetime, and figure out how many years you are working, most people earn more than a million dollars over their working life, but very few people become millionaires,” says Nancy Butler, a certified financial planner.

“How they manage what goes through their fingers usually makes the difference.”

Pay yourself first


Paying yourself first means saving before you do anything else

Paying yourself is an essential strategy of personal finance and a great way to build your savings and instil financial discipline.

“Paying yourself first means saving before you do anything else,” says David Blaylock, a financial planner.

“Try and set aside a certain portion of your income the day you get paid, before you spend any discretionary money. Most people wait and only save what’s left over — that’s paying yourself last.”

Paying yourself first will allow you to grow your wealth and increase your principle investment every month.

Related: 6 Skills Of Self-Made Millionaires That You Should Be Using, Too

Have a passion for your work

Steve Jobs

Steve Jobs

People say you have to have a lot of passion for what you’re doing and it’s totally true. The reason is because it’s so hard to succeed in business that if you don’t, you might give up. You have to do it over a sustained period of time. So if you don’t love it, if you’re not having fun doing it, you don’t really love it, you’re going to give up. And that’s what happens to most people.

If you really look at the ones that ended up being ‘successful’ in the eyes of society and the ones that didn’t, oftentimes it’s the ones who were successful that loved what they did, so they could persevere when it got really tough. And the ones that didn’t love it quit because they’re sane, right? Who would want to put up with the stuff if you don’t love it?

“So it’s a lot of hard work and it’s a lot of worrying constantly and if you don’t love it, you’re going to fail,” said Steve Jobs.

Don’t underestimate a well thought-out plan

Denis Waitley

Denis Waitley

As the saying goes, if you fail to plan, you’re planning to fail. Millionaires that reach this milestone without a plan, usually, get there through luck, and what are the odd that’s going to be you?

“The reason most people never reach their goals is that they don’t define them. Winners can tell you where they are going, what they plan to do along the way, and who will be sharing the adventure with them,” says Denis Waitley, Human Achievement Expert.

It’s not enough to declare that you want to be financially free; you have to work out every step to get there.

Related: The 10 Strangest Secrets About Millionaires

Set big hairy audacious savings goals

Henry Ford

Henry Ford

Don’t be afraid to think big when setting your savings goals.

If you always do what you’ve always done, you’ll always get what you’ve always got,” said Henry Ford.

Don’t be afraid to really go after what you want even if it’s hard, or you’re uncertain you can make it.

Financial success demands that you have a vision that is larger than you can currently deliver on.

Work harder than anyone else

Mark Cuban

Mark Cuban

Hard work can often help to make up for a lot of financial mistakes throughout your journey to success, and you will make financial mistakes.

“I still work hard to know my business. I’m continuously looking for ways to improve all my companies, and I’m always selling. Always,” says Mark Cuban.

Hard work can literally set you apart from your competition and help you to reach your goal faster.

“There is no such thing as overnight success or easy money. If you fail, do not be discouraged; try again. When you do well, do not change your ways. Success is not just good luck: It is a combination of hard work, good credit standing, opportunity, readiness and timing. Success will not last if you do not take care of it,” says Henry Sy, Sr.

Related: 5 Things Millionaires Do That Most People Don’t

Ensure your long term success by insuring yourself

Arnold Schwarzenegger

Arnold Schwarzenegger

Bankruptcy is a reality and can come for you at any time. It can be triggered by variables including: Death, divorce, disability or even a poor investment.

“If you have made mistakes, even serious ones, there is always another chance for you. What we call failure is not the falling down, but the staying down,” says Mary Pickford.

When you insure yourself against risk it gives you time to course correct and save your future.

“Strength does not come from winning. Your struggles develop your strengths. When you go through hardship and decide not to surrender, that is strength,” says Arnold Schwarzenegger.

Time is most precious


Warren Buffett

If you begin saving in your twenties, you can take maximum advantage of the power of compound interest for your savings.

“No matter how great the talents or efforts, some things just take time. You can’t produce a baby in one month by getting nine women pregnant,” says Warren Buffett.

Remember that you’re playing the long game, and sometimes the only way to achieve millionaire status is to keep doing what you’re doing for long enough.

Related: 8 Tips To Become A Millionaire This Year

Keep your money hidden from you


You can’t spend what you can’t see. You should use debt orders to pay your retirement and other savings accounts. As your salary increases, you can painlessly increase the size of those deductions to ensure you put money aside every month.

“If you want to get rich, you’ll need to save what you earn. A fool can earn money; but it takes a wise man to save and dispose of it to his own advantage,” says Brigham Young.

Pay off your large scale debt


Once you’ve paid off your house and any other large scale items, you can direct those payments into your savings as well.

“To acquire money requires valour, to keep money requires prudence, and to spend money well is an art,” says Berthold Auerbach.

Ensure you’re spending your money on what really matters and not just the interest on your debt.

Related: How To Go About Making Your First Million

Your salary’s only half the story

Robert Kiyosaki

Robert Kiyosaki

Climbing up the corporate ladder will only get you so far, eventually you will have to make your money work hard for you.

“It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for,” says Robert Kiyosaki.

Generating income from passive, rather than active, income sources is the best way to do this.

Timing isn’t (always) everything


Are you looking at other forms of investment?

No one can really predict the market; in order to be wealthy you can’t moonlight as a day trader.

“Time [period] is more important to investment success than timing,” explained Peter Lazaroff, a financial planner.

“Most of the population believes that timing the market’s moves is the key to growing rich through the stock market. The wealthy, however, understand that time and compound returns are the most important factor in growing wealth.”

Achieving millionaire status requires investors to adopt a buy-and-hold strategy, ride out market fluctuations and ignore rumour and speculation.

Related: Becoming A Self-Made Millionaire: 5 Things To Do To Become Wealthy

Value vs cost: Understand the difference

Value vs cost

Value vs cost.

Paying for consultants to give you insights into growing your wealth shouldn’t sound counter-intuitive, especially if this isn’t your area of expertise.

“The wealthy person has three best friends: Her attorney, her accountant and her adviser. The wealthy tend to use the law and tax code to their advantage when figuring out how to maximise their wealth, especially over multiple generations, and they are not afraid to spend money up front for counsel to get these answers,” says Justin Kumar, a portfolio manager.

“The wealthy look at value over cost, but they are still prudent in their decisions.”

Next slideshow: 15 Wise Money Quotes From Millionaires And Billionaires

Robert Kiyasoki

Robert Kiyasoki

Nicole Crampton is an online writer for Entrepreneur Magazine. She has studied a BA Journalism at Monash South Africa. Nicole has also completed several courses in writing and online marketing.


Personal Finance

The 3 Decisions That Will Change Your Financial Life

There’s nothing worse than a rich person who’s chronically angry or unhappy. There’s really no excuse for it, yet I see it every day. It results from an extremely unbalanced life, one with too much expectation and not enough appreciation for what’s there.

Tony Robbins




Without gratitude and appreciation for what you already have, you’ll never know true fulfilment. But how do you cultivate balance in life? What’s the point of achievement if your life has no balance?

For nearly four decades, I’ve had the privilege of coaching people from every walk of life, including some of the most powerful men and women on the planet. I’ve worked with presidents of the United States as well as owners of small businesses.

Across the board, I’ve found that virtually every moment people make three key decisions that dictate the quality of their lives. If you make these decisions unconsciously, you’ll end up like the majority of people who tend to be out of shape physically, exhausted emotionally and often financially stressed. But if you make these decisions consciously, you can literally change the course of your life today.

Decision 1: Carefully choose what to focus on

At every moment, millions of things compete for your attention. You can focus on things that are happening right here and now or on what you want to create in the future. Or you can focus on the past.

Where focus goes, energy flows. What you focus on and your pattern for doing so shapes your entire life.

Related: 10 YouTube Channels Every Entrepreneur Should Follow

Which area do you tend to focus on more: What you have or what’s missing from your life?

I’m sure you think about both sides of this coin. But if you examine your habitual thoughts, what do you tend to spend most of your time dwelling on?

Rather than focusing on what you don’t have and begrudging those who are better off than you financially, perhaps you should acknowledge that you have much to be grateful for and some of it has nothing to do with money. You can be grateful for your health, family, friends, opportunities and mind.

Developing a habit of appreciating what you have can create a new level of emotional wellbeing and wealth. But the real question is, do you take time to feel deeply grateful for your mind, body, heart and soul? That’s where the joy, happiness and fulfilment can be found.

Consider a second pattern of focus that affects the quality of your life: Do you tend to focus more on what you can control or what you can’t?

If you focus on what you can’t control, you’ll have more stress in life. You can influence many aspects of your life but you usually can’t control them.

When you adopt this pattern of focus, your brain has to make another decision: 

Decision 2: Figure out, What does this all mean?

Ultimately, how you feel about your life has nothing to do with the events in it or with your financial condition or what has (or hasn’t) happened to you. The quality of your life is controlled by the meaning you give these things.

Most of the time you may be unaware of the effect of your unconscious mind in assigning meaning to life’s events.

When something happens that disrupts your life (a car accident, a health issue, a job loss), do you tend to think that this is the end or the beginning?

If someone confronts you, is that person insulting you, coaching you or truly caring for you?

Does a devastating problem mean that God is punishing you or challenging you? Or is it possible that this problem is a gift from God?

Your life takes on whatever meaning you give it. With each meaning comes a unique feeling or emotion and the quality of your life involves where you live emotionally.

I always ask during my seminars, “How many of you know someone who is on antidepressants and still depressed?” Typically 85% to 90% of those assembled raise their hands.

How is this possible? The drugs should make people feel better. It’s true that antidepressants do come with labels warning that suicidal thoughts are a possible side-effect.

But no matter how much a person drugs himself, if he constantly focuses on what he can’t control in life and what’s missing, he won’t find it hard to despair. If he adds to that a meaning like ‘life is not worth living,’ that’s an emotional cocktail that no antidepressant can consistently overcome.

Yet if that same person can arrive at a new meaning, a reason to live or a belief that all this was meant to be, then he will be stronger than anything that ever happened to him.

When people shift their habitual focus and meanings, there’s no limit to what life can become. A change of focus and a shift in meaning can literally alter someone’s biochemistry in minutes.

So take control and always remember: Meaning equals emotion and emotion equals life. Choose consciously and wisely. Find an empowering meaning in any event, and wealth in its deepest sense will be yours today.

Once you create a meaning in your mind, it creates an emotion, and that emotion leads to a state for making your third decision:

Related: 13 Habits Of Self-Made Millionaires You Could Adopt Today

Decision 3: What will you do?

The actions you take are powerfully shaped by the emotional state you’re in. If you’re angry, you’re going to behave quite differently than if you’re feeling playful or outrageous.

If you want to shape your actions, the fastest way is to change what you focus on and shift the meaning to be something more empowering.

Two people who are angry will behave differently. Some pull back. Others push through.

Some individuals express anger quietly. Others do so loudly or violently. Yet others suppress it only to look for a passive-aggressive opportunity to regain the upper hand or even exact revenge.

Where do these patterns come from? People tend to model their behaviour on those they respect, enjoy and love.

The people who frustrated or angered you? You often reject their approaches.

Yet far too often you may find yourself falling back into patterns you witnessed over and over again in your youth and were displeased by. It’s very useful for you to become aware of your patterns when you are frustrated, angry or sad, or feel lonely. You can’t change your patterns if you’re not aware of them.

Now that you’re aware of the power of these three decisions, start looking for role models who are experiencing what you want out of life. I promise you that those who have passionate relationships have a totally different focus and arrive at totally different meanings for the challenges in relationships than people who are constantly bickering or fighting.

It’s not rocket science. If you become aware of the differences in how people approach these three decisions, you’ll have a pathway to help you create a permanent positive change in any area of life.

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Personal Finance

7 Steps To Achieve Financial Freedom

Achieving financial freedom doesn’t necessarily mean becoming filthy rich – not that that hurts.

Brian Tracy




In this video, Entrepreneur Network partner Brian Tracy explains the seven steps you need to take to achieve financial freedom. Now, financial freedom doesn’t mean becoming filthy rich – lottery winners go bankrupt all the time. Instead, financial freedom is about becoming disciplined and using your money in a way that ensures you can live the sort of life you want both now and in the future.

Related: 5 Qualities Of Successful Entrepreneurs

That’s why the first step isn’t about getting a lot of money. Instead, it’s about teaching yourself to think positively about money. That way, you’ll be in the right mindset to move forward.

Click play to learn more.

This article was originally posted here on

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Personal Finance

4 Ways To Become A Millionaire Even When You Start With Little

It costs nothing to take advantage of the limitless opportunities online.

Timothy Sykes




The hardest part of becoming successful is getting started to begin with. But despite the challenges ahead of you, there’s a way to become a millionaire when starting with little. I’m going to show you four reasons why you can become a millionaire with just a small investment.

1First focus on learning, not big gain

Education is your greatest weapon. Focus on learning in the beginning. Don’t make the mistake of focusing on making huge gains in the beginning. Learn everything you can because this is how you build the foundations for long-term gains.

They say that if a millionaire goes bankrupt they’ll nearly always be able to get it back. And that’s because they might have lost their money, but they have the knowledge of how to get back to where they need to be.

Related: 21 Choices Millionaires Make That You Aren’t Making But Should Be

2You can learn loads about any topic online


I’m grateful for the internet. It’s the single biggest library in the world. You’re reading this article right now and you’re acquiring knowledge you wouldn’t have been able to acquire 40 years ago. Use the internet to its fullest extent, whether that’s through reading books, browsing articles or watching video tutorials.

Set some time aside every day to learn something online. It could be a video series or a favorite blog. When you get into the habit of learning regularly you’ll find that you advance much faster.

3Focus on the niche you love

These days you can learn about anything and target the niche you’re passionate about. This is what I was able to do with penny stocks. I found a gap in the market and provided knowledge to people who wouldn’t have otherwise being able to access this sort of information.

You can do that with absolutely any niche. When you find a niche you’re passionate about and you use the reach of the Internet you start to make huge gains.

4Prove your expertise by creating free content

Your reputation as an authority is the new business card. There’s a reason I created a penny stock guide and made it free for all. You may have already seen ads for it on social media. The way to succeed with little is to create a reputation through your content.

It’s the gateway to success because through free content you start to build relationships with others who value your work. And from there everyone gets richer.

Related: How To Become A Millionaire, Explained In 1 Minute

You can do lots with a little

The days when you needed a huge investment to become successful are long gone. These days you can do so much with just a little. Find what you love, advance your knowledge in that area, and create a product that fulfills a need. Finally, work on building up relationships through portraying yourself as an authority on your subject.

Combine everything together and you can accomplish anything.

This article was originally posted here on

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