One of the fascinating things I discovered in my Rich Habits research was the fact that many self-made millionaires, particularly the Dreamer-Entrepreneurs and Big Company Climbers, at some point, got lucky.
- 84% of these self-made millionaires attributed their good luck to their daily habits
- 87% of these self-made millionaires said they were lucky and
- 92% of these self-made millionaires said they created their own luck
Self-made millionaires believe that you create your own luck. There are many ways the wealthy create their own luck:
- Pursuing a dream. Luck visits dreamers who act on their dreams.
- Forging habits around your dreams. Good habits are like snowflakes on a mountainside. You don’t notice the accumulation until there is an avalanche. Good habits create an avalanche of good luck.
- Building relationships with the right people – success-minded people who can open doors for you through their relationships. Good luck likes to associate with positive, upbeat people.
- Learning new things opens your eyes to opportunities.
- Taking calculated/educated risks. Calculated or Educated risk is a type of risk that requires you to do your homework. Good luck eventually visits those who are prepared to receive it.
- Finding a mentor. Mentors open up doors for you and steer you down the right paths in life. They teach you what to do and what not to do. The what to do creates good luck. The what not to do helps you avoid bad luck. The absence of bad luck is actually a form of good luck.
- Being a mentor. Mentees eventually become experts themselves. Like mentors, your mentees can open up doors for you.
- Staying upbeat and positive. Negativity shuts down part of your prefrontal cortex and effectively blinds you to opportunities. Opportunity luck visits optimists and avoids pessimists.
- Staying focused allows you to accomplish and learn things quitters never accomplish or learn. Good luck visits the focused individuals.
- Persistence. Devoting yourself to one thing for many years forces you to become expert in that one thing. Good luck eventually visits the persistent.
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Tom Corley is an accountant, financial planner, public speaker and author of the books “Rich Habits: The Daily Success Habits of Wealthy Individuals” and “RichKids: How to Raise Our Children to Be Happy and Successful in Life“. Corley’s work has appeared on CNN, USA Today, The Huffington Post, SUCCESS Magazine, and many other media outlets and podcasts in the U.S. and 27 other countries. Tom is a frequent contributor to Business Insider and CNBC.