Three Traits of Every Self-Made Millionaire

In my book, Change Your Habits, Change Your Life, I highlight the three common traits of every self-made seed soil grow wealth money coin

Here they are:

  1. Daily Growth
  2. Focus
  3. Persistence

What’s most interesting about these three traits is that they are inherent in every individual.

Everyone is born with them.

Unfortunately, very few ever unleash these in-born traits.

Our education system has a way of suppressing them.

By the time most young adults finish high school, these traits are in full retreat, replaced, instead, by a reprogramming that turns off their entrepreneurial fire and forcing them to, instead, redirect their efforts towards securing a job. 

Michael Wealth Retreat2018 268x243

That reprogramming typically instills in our children the mistaken belief that the purpose of education is to help them find a solid job after high school or prepare them for college so that they can pursue some career job.

In short, our education system programs our kids to be an employee, rather than an entrepreneur or business owner.

But, while these in-born traits are suppressed in most, they never actually go away.

They resurface whenever you pursue something you are passionate about.

In my research, I saw this re-birth first hand.

Many of the self-made millionaires in my study followed the same time-worn imprudent educational system reprogramming – finding a job or pursuing a career.

But somewhere along the line, these traits begin to resurface.

Many of the self-made millionaires started their side hobby or side business while working full-time.

It was always something they were passionate about, something that they loved doing.

When they engaged in that side hobby or side business more and more, they began to feel alive for the first time in their learning motivation success education teach lesson success step journey life psychology read

They soon became fanatic about learning everything they could about their passion.

This fanatical desire to learn more turned on the focus switch.

Once that focus switch was turned on they found themselves engaging in their passionate side-hobby or side-business every day.

Now emotionally committed to their passion on a daily basis they let nothing stand in their way.

Every obstacle became something to be overcome.

Every mistake became a learning experience.

Their desire to overcome those obstacles and learn from those mistakes gave birth to the persistence trait.

They soon found themselves persistently pursuing their passion on the side, all while working full-time.

All three traits:

Daily Growth, Focus and Persistence, joined together, like a symphony.

Over time, their side hobby or side business eventually began to make money.

The more they pursued their side hobby or side passion, the better they became at it and the more money they began to make.wealth money

Once their passion made them enough money, they quit their full-time job and pursued their passion full-time until, one day, they looked back and realized they were rich.

What I learned from my research is that you will almost never become a millionaire following the employee-centric path programmed into you by the education system.

You must pursue something that inspires you, that you are passionate about.

The money, the wealth, is just a byproduct of enjoying what you do.

It’s almost a secondary consideration, getting rich, when you are engaged in your passion.

Doing what you love breaths life into these three in-born traits: 57473209_l-1024x683

Daily Growth, Focus and Persistence.

Release your inner success traits today.

Find something you love.

Devote just 20 minutes a day to it.

In time, it will transform your life.


Subscribe & don’t miss a single episode of michael yardney’s podcast

Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.

Need help listening to michael yardney’s podcast from your phone or tablet?

We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.


Prefer to subscribe via email?

Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.

Avatar for Property Update


Tom is a CPA, CFP and heads one of the top financial firms in New Jersey. For 5 years, Tom observed and documented the daily activities of wealthy people and people living in poverty and his research he identified over 200 daily activities that separated the “haves” from the “have nots” which culminated in his #1 bestselling book, Rich Habits – The Daily Success Habits of Wealthy Individuals. Visit the website:

'Three Traits of Every Self-Made Millionaire' have no comments

Be the first to comment this post!

Would you like to share your thoughts?

Your email address will not be published.


Michael's Daily Insights

Join Michael Yardney's inner circle of daily subscribers.

NOTE: this daily service is a different subscription to our weekly newsletter so...