24 Signs You're Destined to Become a Millionaire

Feb 19, 2025 01:59 AM - 3 weeks ago 31733

Opinions expressed by Entrepreneur contributors are their own.

Becoming a millionaire whitethorn look for illustration an unobtainable dream, but successful reality, it's a batch much communal than you think.

The correct mentality tin thief you connected the roadworthy to wealth. Here are 24 signs you're destined to bring successful the large bucks.

Related: This Conversation Hack Made Me a Millionaire — Here's How It Works

You started making money astatine a young age

One of the astir communal traits that the able person successful communal is that they began earning money astatine a young age. For example, a 12-year-old Mark Cuban sold trash bags door-to-door, Warren Buffett sold packets of gum to his neighbors erstwhile he was conscionable six years aged and Richard Branson bred and sold parakeets arsenic pets astatine the property of 11.

If you had this entrepreneurial tone arsenic a child, past that's a coagulated parameter that you've ever been connected the lookout for ways to make money.

You’re an overachiever

Were you that student who wasn't satisfied pinch a B successful class? Many millionaires person the mindset to sprout big. They're not satisfied pinch making conscionable $1 cardinal -- they want to make $10 million.

You’re attractive

It whitethorn not beryllium fair, but according to research conducted by Daniel Hamermesh, an economics professor astatine the University of Texas successful Austin, "Attractive group are apt to gain an mean of 3 percent to 4 percent much than a personification pinch below-average looks." That whitethorn not sound for illustration a fortune, but it could adhd up to "$230,000 much complete a life for the emblematic good-looking person." Hamermesh recovered that charismatic group whitethorn beryllium amended capable to charm interviewers and onshore much sales.

Related: 10 Ways to Become a Millionaire successful Your 20s

You person an action-oriented mindset

"Are you the benignant of personification who sees an opportunity and past takes action to return advantage of it? If so, congratulations, because it's that benignant of action-oriented mind-set that tin propel you to financial freedom," writes Todd Campbell, writer of Your Guide to Better Stock Picks, successful a portion for The Motley Fool.

"For example, it's been proven clip and clip again that semipermanent investing tin nutrient importantly much wealthiness than short word trading, yet galore Americans neglect to make the astir of their champion semipermanent finance vehicle: their workplace status plan," Campbell continues. "Do you lend to your workplace status plan? If so, do you lend 10 percent of your income? More? Less? Considering that personification who contributes 10 percent of their $40,000 successful income to a 401(k) scheme astatine a 6 percent return has $311,572 much aft 35 years than 1 who contributes 3 percent, under-utilizing status plans is simply a surefire measurement to derail you connected your measurement to millionaire status."

You person a consciousness of urgency

Millionaires don't hold for the cleanable clip to put aliases motorboat their business. Many of them recognize that there's nary amended clip than the coming to commencement making money. Sitting backmost and waiting is 1 of the champion ways to squash your dreams. Bottom line: Start moving towards your goals correct now.

You’re focused much connected earning than saving

It's nary concealed that the able thin to beryllium frugal pinch their money. While they excel astatine redeeming and spending wisely, they besides cognize that 1 of the champion ways to make much money is to put immoderate of what they earn.

You support an unfastened mind

You ne'er cognize erstwhile an opportunity is going to coming itself, and if you instantly unopen down the thought of investing successful said opportunity, past you could beryllium losing retired connected making a fortune. That doesn't mean each thought is simply a victor -- it's important to deliberation critically and inquire the correct questions earlier making important moves. That's why the able thin to support an unfastened mind erstwhile it comes to caller ideas.

You were Mr. aliases Mrs. Popular successful precocious school

"Moving from the 20th to 80th percentile of the high-school fame distribution yields a 10 percent costs premium astir 40 years later," suggests research by Gabriela Conti (University of Chicago), Gerrit Mueller (Institute of Employment Research), Andrea Gaeotti (University of Essex) and Stephen Pudney (University of Essex). In different words, if you had a important number of friends successful precocious school, past you whitethorn person a amended chance of earning much money successful your big life.

You’re capable to unrecorded beneath your means

Another communal trait that millionaires person successful communal is that they're usually capable to unrecorded beneath their means. Instead of flaunting their wealth, galore thrust applicable cars, unrecorded successful humble homes and don't walk their hard-earned rate connected luxury items. (For example, my woman and I effort and fund astatine slightest 50 percent of everything we make into our savings account, which we tin put towards investments. These make america a batch much money successful the long-term.)

Related: How to Become a Millionaire by Age 30

You tin defer gratification

"Deferring gratification is 1 of the astir important steps to becoming a millionaire," writes Jason Hall, a writer and editor for The Motley Fool. "The reality is building wealthiness mostly takes a batch of time. Even Warren Buffett, 1 of the richest group live and arguably the champion investor ever, created much than 80 percent of his immense wealthiness aft he turned 50."

Related: You Deserve to Be a Millionaire. Follow These 12 Tips to Get There.

You person a mentor

It's nary concealed that the group you subordinate pinch tin impact really successful you'll be. Think astir it: If you're spending the mostly of your clip pinch group who are antagonistic aliases don't person the thrust to succeed, past do you deliberation that they're going to power you to beryllium much motivated and optimistic?

In different words: If you want to beryllium wealthy, commencement hanging retired pinch millionaires. This won't conscionable support you motivated -- you besides whitethorn beryllium capable to find a personification who is consenting to go your mentor and show you the ropes. If you don't personally cognize immoderate millionaires, don't beryllium acrophobic to scope retired to them connected societal media aliases done an email to commencement building a rapport.

You’re not stuck successful the past

Talking astir the "good aged days" whitethorn activity for politicans, but it's not going to alert for millionaires. These are group who person gotten complete failure, rejection and fear, and they're astir concerned pinch putting their power into their futures.

You’re a goal-setter

The able walk clip reasoning astir their semipermanent goals and needs. "You don't make a cardinal by accident," writes Peter Voogd, laminitis of The Game Changers Academy, who made his first cardinal earlier turning 26. "If it's not a goal, you judge arsenic hellhole won't deed it."

You aren't divorced

It whitethorn look unrelated, but according to a 2006 study retired of Ohio State University, divorcement could trim a person's wealthiness by astir 77 percent compared to that of a azygous person. Being married, connected the different hand, whitethorn beryllium correlated pinch almost double the comparative wealthiness (93 percent).

"Divorce causes a alteration successful wealthiness that is larger than conscionable splitting a couple's assets successful half," said Jay Zagorsky, writer of the study and a investigation intelligence astatine Ohio State University's Center for Human Resource Research. "If you really want to summation your wealth, get joined and enactment married."

You cognize really to maximize your strengths

Gary Varynerchuk erstwhile said, "I suck astatine 99 percent of stuff, but I spell each retired connected that 1 percent I'm bully at."

That's not to opportunity that you shouldn't study thing caller aliases activity connected immoderate of your weaker skills; instead, it intends that millionaires are capable to capitalize connected their top strengths and past situation themselves pinch group who tin heighten their weaknesses.

You’re optimistic

People pinch the capacity to make millions don't often whine, kick aliases constituent fingers erstwhile it comes to blame. Instead, they judge challenges and look for ways to conquer them.

"Rich group believe, 'I create my life,'" writes T. Harv Eker successful his book, Secrets of the Millionaire Mindset. "Poor group believe, 'Life happens to me.'"

You whitethorn person a drink, but you don’t smoke

Did you cognize that men who are self-reported drinkers gain 21 percent much than those who abstain from drinking, while women who portion gain 8 percent much than non-drinking females? The logic whitethorn beryllium tied to the thought that drinking could heighten societal capital, according to investigation published successful 2006.

However, the able look to debar smoking, according to investigation published successful 2004. Eventually, those packs of cigarettes adhd up: Nonsmokers' nett worthy tends to beryllium astir 50 percent higher than that of ray smokers and much than doubly that of group who fume heavily.

You person heavy skin

Worrying astir what others deliberation of you tin clasp you back, truthful it's important to build a thicker skin. Mental toughness tin lead to success, since the value tin assistance successful handling unit and overcoming challenges.

You support up pinch existent events

The astir successful group successful the world kick disconnected their early mornings by catching up connected existent events. For example, Warren Buffett and Bill Gates reportedly publication publications for illustration The Wall Street Journal, The New York Times, USA Today and The Financial Times truthful that they tin make much informed finance decisions based connected what's going connected successful the world.

You’re perpetually improving yourself

While having a assemblage grade tin make a quality successful determining your nett worth, that grade yet doesn't find if you'll go a millionaire aliases not. Bill Gates is 1 of the astir celebrated assemblage dropouts of each time, and it hasn't stopped him from continually improving himself by reference and learning caller skills.

Here's to becoming the adjacent millionaire.

You don't mind being uncomfortable

In the words of Robin Sharma, "Greatness originates beyond your comfortableness zone." After all, starting a business, learning different language, aliases moreover conscionable striking up a speech pinch strangers tin each look awkward astatine the beginning, but it's successful those moments erstwhile magic happens. By stepping extracurricular of that cozy bubble, you tin build resilience, boost your self-confidence, and summation experiences and perspectives you ne'er thought possible. As such, millionaires clasp discomfort arsenic a stepping chromatic to thing greater.

You're outspoken...and you don't attraction who knows it

In a world obsessed pinch appearances and position symbols, it's easy to effort to task wealth. True wealth, however, is often accompanied by a consciousness of freedom. Millionaires are mostly little concerned pinch fitting successful and much comfortable expressing themselves authentically. Often, they person a unsocial style aliases consciousness of joke that sets them apart, and they are not acrophobic to situation the status quo. They are simply being who they are, without trying to impressment anyone.

You don't return yourself seriously, but your ngo is

Although millionaires activity hard, they cognize really to person fun, too. As good arsenic laughing astatine their mistakes, they tin particulate themselves disconnected and support moving guardant pinch a grin connected their face. Further, they don't fto mini setbacks derail them because they attraction connected the bigger picture, their "mission."

You are concerned astir building generational wealth

Not only are you reasoning astir your ain financial security, but you're besides reasoning astir your family's future. In bid to build generational wealth, we must create a financial instauration that will past for generations. It whitethorn impact diversifying your portfolio pinch stocks, existent estate, and bonds, creating a spot and will, and educating your heirs astir financial literacy to guarantee that their inheritances tin beryllium managed and grown. In different words, it's astir empowering future generations.

More