5 Powerful Habits to Achieve Massive Financial Success [Complete Guide]

By: Yara Pollard

To many people, knowing how to achieve massive financial success is still all but a secret. However, achieving wealth and the process of acquiring it has long been studied and shared by many successful individuals. All it takes is developing powerful habits.

If you study wealth and success, you’ll come across many articles, books, videos, documentaries and audiobooks. Each can tell you a different thing. However, all of them have one thing in common, you need to develop powerful habits. 

While these habits may vary in order depending on where you learned or read them from, it is important that you develop each one. All will play a part in your journey to financial freedom. 

We’ve done the research for you and compiled 5 powerful habits that will allow you to obtain massive financial success. These are the 5 important habits.

Develop a Growth Mindset

A research conducted by Carol Dweck and her colleagues showed that people can either have a fixed mindset or a growth mindset. Having a fixed mindset is believing you are who you are and that you can’t change it.

Meanwhile, having a growth mindset is believing you are who you are and you can change or become more. It’s a static way of thinking over an adaptive thought processing. Having a growth mindset is very important as it will remove the illusions of self-limiting beliefs. 

If you want to know how to be rich, growth, adaptability and open-mindedness are your key ingredients. Those can only be acquired if you begin to develop a growth mindset. 

Have a Positive Attitude and Mindset

Another key to success and greatness is having a positive attitude and mindset. Skills and talents may get you somewhere but it is a positive attitude that can propel you even further. Being positive means that you have a better control and understanding of your emotions.

According to Tony Robbins, achieving success is 20% technical and 80% psychology. This is how people with lesser knowledge and skills achieve more wealth. Having a positive attitude and mindset will also allow you to attract important people and opportunities. 

It will make you see challenges as opportunities and not as problems. If faced with these “challenges”, remaining positive will keep you solution oriented and not problem oriented. 

Be Obsessed with Learning

If you enjoy talking about wealth and success with your friends and family, would you like to also talk about those topics with the most brilliant minds in the world? This is what it is like reading educational books.

These books could be about emotional intelligence, finance, positivity, productivity, motivation, relationships, etc. Reading books will allow you to receive incredible amounts of information from different experts.

You can learn from a book information that you might not even learn in a lifetime trying to study it from scratch. You can compress years, even decades of experiences by reading. 

These are but some of the life-changing books that we recommend you to read:

  • Secrets of the Millionaire Mind by Harv T. Eker
  • The Power of Your Subconscious Mind by Dr. Joseph Murphy
  • Unlimited Power by Anthony Robbins
  • Think and Grow Rich by Napoleon Hill

Learning from books are so important that an average CEO reads at least 1 to 2 books per week or at least 60 books per year. 

Practice Gratitude

Successful figures like Gary Vaynerchuck have mentioned just how important gratitude is. It keeps you focused and thankful for what you have instead of feeling unpleasant because of what you don’t have.

Tony Robbins has what he calls “priming”. It’s a routine that enables you to be grateful. Priming is meditating for 10 minutes and here’s how you do it.

  • Have a clear mind while inhaling and exhaling for about 1 minute
  • Think of positive things about yourself and be grateful for them for 3 minutes
  • Wish everyone and yourself good health and abundance for 3 minutes
  • Focus on 3 things that you need to accomplish for the day and visualize that you’ve already achieved them for 3 minutes

Priming will condition your subconscious mind to help you get through the day while also being positive.

Become a Leader

Being a leader isn’t about having a title or position. According to Mel Robbins, being a leader is parenting yourself. It’s a skill of influence not just to affect others but to influence yourself first. Parents tell you what you have to do and push you to do the things you must do.

No matter who you ask on how to be rich, they will tell you that you have to do get things done. You need to push yourself to work even if you don’t want to work. You need to push yourself to act even when it’s uncomfortable.

That if you want something, you must not wish for it but work for it. For that to happen, you need to be your own leader. 

To give you a quick recap, the 5 powerful habits you need to have to achieve massive financial success are:

  1. Develop a growth mindset
  2. Have a positive attitude and mindset
  3. Be obsessed with learning
  4. Practice gratitude and
  5. Become a leader

You are now equipped with the knowledge on how to be rich. But remember, if you learn something but only end up with knowledge, you are a fool. Knowledge is not power, it is only potential power.

Execution is power. Execution trumps knowledge every single day of the week. Put into action what you learned from this article. Remember, develop and apply the 5 powerful habits.

Related post