A reprint of an article originally published in Entrepreneur Magazine, entitled, 20 Skills That Helped Me Become A Millionaire in Less Than 5 Years appeared in the Business Insider. The editor’s note acknowledged that an earlier version of this article stated that Daniel Ally became a self-made millionaire at age 24, but were no longer confident in those assertions and have removed them.
However, as the saying goes, “there must be a pony under there somewhere.” Even if the article had flaws or credibility, I could not argue that some of the points or suggestions would be helpful even if you did not become a millionaire in five years or fifty years. Several of the suggestions resonated with me aside from millionaire aspirations, because they make good sense for all professionals.
Whether or not any of the five (5) anecdotes that resonated with me are actual, I believe that the principles are sound, valid and worthwhile of your consideration. However, you can read the original article here.
Here are the top five (5) that resonated with me.
Dealing with People – Dealing with people is one of the most important attributes or skills that you can develop or possess. No one can become without knowing how to deal with people assertively. You must be prepared to deal with the loss of friends and even lack of support from others close to you, and these issues may arise at the most unpredictable times.
Asking for Help – At a certain point in any career or business you will need some help from some key people. Asking for help is sometime difficult, but must be done when needed. The personal help that you need will vary according to you profession or business, the nature of the problem or objective or timing. In some instances, you may have to retain certain professionals to assist you. Do not sacrifice you long term goals for seeking and obtaining the assistance you need now. Your ego should not be allowed to serve as an obstacle.
Overcoming Fears – Most successful people acknowledge some setbacks in reaching their ultimate goals. It is important to consider that the pursuit of your goals will typically include some areas with you do not have sufficient experience. So, the wisest course of action is to obtain as much information about your next steps as possible before you proceed. Tons of resources are available on-line, books, mentors, friends, educational system and even strangers. If necessary contact or obtain a referral to someone who is knowledgeable in the area you seek and, if possible, ask for a mentoring relationship.
Taking Risks – Before reaching your goals, you may have to assume some risks, but they should be calculated risks. Taking risks may also involve others, such as family or colleagues. Therefore, you must have confidence in yourself and your plan. You must have the conviction that you can succeed. Additionally, some of you confidence may come from the support of your colleagues, mentors, family and other inspirational sources. To the extent possible, try not to burn any bridges that you may need to cross again.
Study and Build Skills – No doubt there are some knowledge and skill areas that you will need to enhance. Set a goal to read at least one book, tutorial or article that is related to your business or profession each and every month. Shor articles or tutorials can usually be read or done in a few minutes, so skim as many as possible. Some successful people have suggested that becoming an expert in your field or business will require you to study and develop yourself for at least four (4) hours per day. Also, not “lessons learned” from the ordinary activities of your business or profession.
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