Common Traits Of “Self-Made Millionaires” According To Study CategoriesInspiration

Common Traits Of “Self-Made Millionaires” According To Study

I spent five years interviewing 177 self-made millionaires and 128 poor people and documented what I learned in something I call my Rich Habits Study. What I learned from my five-year study was that habits are contagious. Almost all of these self-made millionaires picked up specific habits from their parents that gave them a leg up and enabled them to accumulate millions of dollars.

Nicolas Christakis, a Yale University professor and leading researcher on socially contagious behaviors, supports my findings in his own research. He also found that habits are contagious; passed from parents to children, good or bad. Here are some of the discoveries he made in his own studies regarding habits:

  • Habits spread like a virus through your social networks.
  • Parents pass good and bad habits down to their children.
  • If your family is obese, your risk of obesity increases by 25%.
  • If your family smokes cigarettes, you are more likely to smoke.
  • If your family exercises, you are more likely to exercise.
  • If your family does not value education, you will not, either.
  • If your family has a negative outlook, you are more likely to be negative.
  • The habits you learn from your parents shape the life you lead.

Here are some of the habits I found the self-made millionaires in my study picked up from their parents:

You create your life.

Self-mades were taught that they were the architects of their lives. You and you alone create the circumstances that make you rich or poor.

Take individual responsibility when things go wrong.

Self-mades were not allowed to play the victim. They were taught to take personal responsibility for the good and bad in life and were not allowed to blame anyone but themselves when things went wrong — because things always go wrong in life.

Respect the law.

They learned from their parents to respect police and law enforcement officials. If they broke the law, their parents punished them severely.

Seek your main purpose.

They were exposed to numerous novel activities. The purpose of this was to help their kids discover their in-born talents. Most parents don’t do this. Most lock their kids into one or two activities for ten years or more. As a result, kids never have an opportunity to explore different activities. There’s just not enough time to learn something new when you spend most of  that time on travel teams. Ultimately, 93% of respondents raised this way either liked or loved their jobs as adults. When you find and use your innate talents to make money, that leads to happiness and financial success because you will want to devote more time to anything you love doing. When you can make money doing what you love, this leads you to your true calling in life.

Pursue your dreams and goals.

Sixty-one percent were required to dream-set. Dream-setting is the process of writing out a script of your ideal perfect life. This script then becomes a blueprint for your life.Many people fail at achieving goals because they were taught the wrong definition of a goal: that goals are broad objectives, like making $100,000 a year. That’s a dream, not a goal.Ninety-seven percent of these self-made millionaires were taught a very different definition of a goal: All goals require physical action and all goals must be 100% achievable, meaning you have the knowledge and skills to pursue the goal. Eighty percent were taught to focus on one stretch goal (long-term goal) until they achieved it. Goals and dreams are not the same thing. You create goals around each dream, and when you realize all of the goals, you realize your dream.

Acquiring wealth is a good thing.

Ninety-seven percent were taught that wealthy people are good, honest, and hardworking. They are not evil or greedy.

Work hard for what you want.

The self-mades were not given things by their parents. They were required to work for the things they wanted. At an early age (9 or 10) the had to work to buy things they wanted. Fifty-five percent were forced to work 10 or more hours per month.

Respect other people’s property.

They were taught by their parents to respect the hard-earned property of others.

Improve yourself daily.

Eighty-eight percent were required to read educational books a minimum of 30 minutes or more every day. Fifty-four percent were required to learn new words to expand their vocabulary. Sixty-eight percent were programmed for college — they were indoctrinated with the idea at an early age that they would be going to college.

Use time productively.

The parents of self-made millionaires didn’t allow their kids to waste time on TV, video games, social media, or the Internet.



Excellence Code Blog is a place where advertising stuff, inspirational thoughts, marketing advice or any feel good articles are put off. The blog is managed by the Excellence Team to make your day a little bit brighter! Tune-in for more inspiring and amazing stories, connect with our online Accounts listed below:

Google +:
Linked In:


  1. After study a few of the blog posts on your website now, and I truly like your way of blogging. I bookmarked it to my bookmark website list and will be checking back soon. Pls check out my web site as well and let me know what you think.

  2. Howdy! This is my first visit to your blog! We are a collection of volunteers and starting a new project in a community in the same niche. Your blog provided us useful information to work on. You have done a marvellous job!

  3. Keep up the fantastic piece of work, I read few posts on this website and I think that your site is really interesting and has bands of excellent info .

  4. Wow, marvelous weblog format! How lengthy have you ever been running a blog for? Excellent weblog right here! Additionally your site quite a bit up very fast!

  5. I simply could not leave your site prior to suggesting that I extremely loved the usual information an individual supply to your guests? Is gonna be back incessantly in order to inspect new posts

  6. Very nice post. I just stumbled upon your blog and wanted to say that I ave truly enjoyed surfing around your blog posts. In any case I all be subscribing to your feed and I hope you write again soon!

  7. Thanks for some other wonderful article. The place else may anyone get that kind of info in such an ideal approach of writing? I ave a presentation next week, and I am at the look for such info.

  8. New program in prelaunch, set to begin paying DAILY on the 10th. Get in on the ground floor and be one of the first to start earning big. That means one week to build your team and make a huge payday on launch day! Double rotator guarantees success!

  9. This is really interesting, You are a very skilled blogger. I ave joined your feed and look forward to seeking more of your wonderful post. Also, I have shared your site in my social networks!

  10. It as in reality a great and helpful piece of info. I am happy that you simply shared this helpful tidbit with us. Please stay us informed like this. Thank you for sharing.

  11. Aw, this was an exceptionally good post. Spending some time aand actual effort tto make
    a good article… butt what can I say… I put things ooff a whole llot and never manage to
    get anything done.

  12. You can definitely see your expertise in the work you write. The sector hopes for even more passionate writers like you who are not afraid to mention how they believe. All the time follow your heart.

  13. I wanted to thank you for this fantastic article, I certainly loved each and every small bit of it. I ave bookmarked your web site to look at the newest stuff you post.

  14. Just article, We Just article, We liked its style and content. I discovered this blog on Yahoo and also have now additional it to my personal bookmarks. I all be certain to visit once again quickly.

  15. I just want to say I am beginner to blogging and site-building and really liked your web blog. More than likely I’m want to bookmark your blog post . You actually come with beneficial posts. Cheers for sharing with us your webpage.

  16. You can definitely see your enthusiasm in the work you write. The sector hopes for even more passionate writers like you who aren at afraid to mention how they believe. At all times follow your heart.

  17. Girls with increased testosterone leels as aan outcome
    of steroid use or overuse of artificial testosterone that is official are likely to develop side effects like hoarseness, male-pattern baldness,
    deepening of voice, excessive hqir growth, and menstrual irregularities.

  18. I simply want to say I’m very new to blogs and actually savored your web-site. Probably I’m planning to bookmark your blog . You really have remarkable writings. Many thanks for sharing with us your blog site.

  19. This is very interesting, You are a very skilled blogger. I ave joined your rss feed and look forward to seeking more of your fantastic post. Also, I have shared your site in my social networks!

  20. Your style is unique in comparison to other people I ave read stuff from. Thanks for posting when you ave got the opportunity, Guess I will just bookmark this page.

  21. You have made some decent points there. I looked on the web for additional information about the issue and found most people will go along with your views on this site.

  22. Wow, fantastic blog structure! How long have you been running a blog for? you make running a blog glance easy. The total look of your web site is great, let alone the content!

  23. Howdy I am so delighted I found your website, I really found you by mistake,
    while I was looking on Yahoo for something else, Anyways I am
    here now and would just like to say cheers for
    a remarkable post and a all round enjoyable blog (I also love the theme/design),
    I don’t have time to look over it all at the moment but I have saved it and also included your RSS feeds, so when I have time I
    will be back to read more, Please do keep up the
    awesome work.

  24. Wow, awesome blog structure! How long have you been running a blog for?
    you make blogging glance easy. The full look of your web site is fantastic, as smartly as the content!

  25. Thanks for your personal marvelous posting! I certainly enjoyed reading it, you might be a great author.I will be sure to bookmark your blog and will often come back at some point. I want to encourage you to ultimately continue your great work, have a nice evening!

  26. Asking questions are really fastidious thing if you are
    not understanding anything completely, but this article offers good understanding even.

  27. You have made some decent points there. I checked on the web for additional information about the issue and found most individuals will go along with your views on this site.

  28. Hmm is anyone else experiencing problems with the images
    on this blog loading? I’m trying to find out if its a problem on my end or if it’s the blog.
    Any feedback would be greatly appreciated.

  29. Howdy I am so glad I found your website, I really found you by mistake, while I was researching on Askjeeve for
    something else, Regardless I am here now and would just like to say cheers for a
    incredible post and a all round exciting blog (I
    also love the theme/design), I don’t have time to read it all at the minute
    but I have book-marked it and also added your RSS feeds,
    so when I have time I will be back to read much more, Please do keep up the excellent job.

  30. It’s a pity you don’t have a donate button! I’d certainly donate to this fantastic blog!
    I suppose for now i’ll settle for book-marking and adding your RSS feed to my Google
    account. I look forward to fresh updates and will talk
    about this website with my Facebook group. Chat soon!

  31. We stumbled over here by a different page and thought I might as well check things out. I like what I see so now i am following you. Look forward to finding out about your web page yet again.

  32. You really make it appear really easy together with your presentation however I find this
    topic to be really one thing which I think I’d never understand.

    It seems too complex and extremely huge for me. I’m having a look forward for
    your subsequent post, I will attempt to get the cling of it!

  33. I don’t even know how I ended up here, but I thought this post was good.
    I don’t know who you are but certainly you’re going to a famous
    blogger if you are not already 😉 Cheers!

  34. Howdy! I know this is kind of off topic but I was wondering which blog platform are you using for
    this website? I’m getting fed up of WordPress because I’ve had issues with hackers and I’m looking at alternatives for another platform.
    I would be awesome if you could point me in the direction of a good platform.

  35. Spot on with this write-up, I truly feel this site needs a great deal more attention. I all probably be returning to read through more, thanks for the advice!

  36. It’s perfect time to make some plans for the longer term and it’s time to be happy.
    I have read this put up and if I may just I desire
    to suggest you few attention-grabbing things or suggestions.
    Perhaps you can write subsequent articles relating to this article.
    I want to learn even more things approximately it!

  37. Fantastic goods from you, man. I have understand your stuff previous to and you’re just
    extremely wonderful. I really like what you’ve acquired
    here, really like what you’re stating and the way in which
    you say it. You make it enjoyable and you still take care of to
    keep it wise. I can’t wait to read far more from you.
    This is really a great web site.

  38. Hi, I think your website might be having browser
    compatibility issues. When I look at your blog in Safari, it looks
    fine but when opening in Internet Explorer, it has some overlapping.

    I just wanted to give you a quick heads up! Other then that,
    excellent blog!

  39. Hello there, I believe your website could be having browser compatibility
    problems. Whenever I take a look at your site in Safari, it looks fine however,
    if opening in I.E., it’s got some overlapping issues.
    I merely wanted to provide you with a quick heads up! Apart
    from that, wonderful blog!

  40. Only desired to update you on a celebration that was really great that I have to be part of the joy.
    Bicycle The Shoreline can be an event sponsored from the Metropolis of of Main Street Oceanside
    Oceanside Bike Board and also the Oceanside Chamber of Business

  41. The parking for Oceanside shores can be a mix of free, settled, metered and personal (for ease cases within the marina), and
    far of it is TimeLimited, therefore examine the indications carefully before
    picking a spot.

  42. Howdy! I know this is kinda off topic nevertheless I’d figured I’d ask.
    Would you be interested in exchanging links or maybe guest writing a blog article or vice-versa?
    My website discusses a lot of the same topics as yours and I think we could greatly benefit from
    each other. If you are interested feel free to send me an email.

    I look forward to hearing from you! Superb blog by the way!

  43. I do not think I’ve scanned anything such as this before.

    So good to find someone with some unique thoughts on this topic.
    great one for starting this up. This site is something that is needed on the web,
    somebody witha little originality. Excellent job
    for bringing something new to the internet!

  44. Hi i am kavin, its my first occasion to commenting anywhere, when i read this piece of writing i thought i could also make
    comment due to this sensible article.

  45. I and also my guys came studying the great ideas on your web page and so at once I had a terrible suspicion I had not expressed respect to you for those secrets. Those ladies were totally passionate to read all of them and now have seriously been loving them. Thank you for being very accommodating and also for opting for some incredible tips millions of individuals are really desperate to be informed on. Our own honest regret for not expressing gratitude to you earlier.

  46. Good website! I absolutely love how it is simple on my
    eyes and also the data are well written. I
    am wondering how I could be notified every time a
    fresh post has been created. I’ve subscribed to
    your feed which must do the trick! Have a good

  47. You actually make it seem really easy along with your
    presentation however I to find this matter to be really one thing which I feel I’d
    never understand. It kind of feels too complex
    and very extensive for me. I’m looking forward for your next put up, I’ll attempt to get the hold
    of it!

  48. Good day there, just turned out to be aware about your blog page through Google, and discovered that it is pretty educational. I’ll be grateful for should you decide continue this idea.

  49. Very good written information. It will be useful to anyone who employess it, including yours truly :). Keep doing what you are doing – for sure i will check out more posts.

  50. Hey There. I found your blog using msn. This is an extremely well written article. I’ll be sure to bookmark it and return to read more of your useful information. Thanks for the post. I will definitely return.

  51. Hi, Neat post. There’s an issue along with your site in web explorer, might check this¡K IE nonetheless is the marketplace leader and a big part of folks will miss your wonderful writing because of this problem.

  52. Nice blog here! Also your site loads up very fast! What web host are you using? Can I get your affiliate link to your host? I wish my web site loaded up as quickly as yours lol

  53. A person necessarily assist to make seriously posts I’d state. That is the very first time I frequented your web page and up to now? I surprised with the research you made to create this actual post incredible. Great process!

  54. Excellent read, I just passed this onto a friend who was doing a little research on that. And he just bought me lunch as I found it for him smile So let me rephrase that: Thanks for lunch!

  55. I’ve been absent for some time, but now I remember why I used to love this blog. Thanks , I¡¦ll try and check back more often. How frequently you update your site?

  56. I have not checked in here for a while since I thought it was getting boring, but the last few posts are great quality so I guess I will add you back to my daily bloglist. You deserve it my friend 🙂

  57. Thanks for another informative website. The place else may I get that kind of information written in such a perfect manner? I’ve a undertaking that I’m simply now running on, and I have been at the look out for such info.

  58. It’s nearly extremely difficult to see well-qualified individual on this subject, still, you appear like you fully understand the things that you’re raving about! Regards

  59. You actually make it seem so easy with your presentation but I find this matter
    to be actually something which I think I would never understand.
    It seems too complicated and very broad for me. I’m looking forward for your next post, I’ll try
    to get the hang of it!

  60. Wow, fantastic blog layout! How long have you been blogging for? you make blogging look easy. The overall look of your site is magnificent, as well as the content!

  61. naturally like your website however you need to take a look at the spelling on several of your posts. A number of them are rife with spelling problems and I to find it very bothersome to tell the reality nevertheless I¡¦ll definitely come back again.

  62. I would like to express some appreciation to the writer just for rescuing me from such a dilemma. Just after exploring throughout the world wide web and finding principles that were not productive, I assumed my life was well over. Being alive without the presence of strategies to the issues you’ve sorted out all through the site is a critical case, and ones that might have badly affected my career if I hadn’t discovered your blog post. Your primary training and kindness in handling the whole lot was precious. I’m not sure what I would’ve done if I hadn’t come across such a stuff like this. I am able to at this time look ahead to my future. Thank you so much for your reliable and sensible help. I won’t be reluctant to endorse the blog to anyone who needs to have tips about this subject matter.

  63. I’ve been surfing online more than 3 hours today, yet I never found any interesting article like yours. It is pretty worth enough for me. In my opinion, if all web owners and bloggers made good content as you did, the web will be a lot more useful than ever before.

  64. Wow! This can be one particular of the most beneficial blogs We have ever arrive across on this subject. Actually Excellent. I’m also a specialist in this topic therefore I can understand your hard work.

  65. It is actually near close to impossible to see well-educated visitors on this issue, however, you seem like you understand what you’re posting on! Thanks A Lot

  66. Thanks , I have just been looking for information about this topic for a long time and yours is the greatest I have came upon so far. But, what about the conclusion? Are you sure in regards to the supply?

  67. Its like you read my mind! You appear to know so much about this, like you wrote the book in it or something. I think that you can do with some pics to drive the message home a little bit, but instead of that, this is great blog. An excellent read. I’ll certainly be back.

  68. Hello there, I found your website via Google whilst looking
    for a similar matter, your web site got here up, it seems
    good. I’ve bookmarked it in my google bookmarks.

    Hello there, just was aware of your weblog via Google, and found that it
    is truly informative. I am going to watch out for brussels.
    I’ll be grateful when you continue this in future.

    A lot of other people will likely be benefited from your writing.

Leave a Comment

Your email address will not be published. Required fields are marked *