you know success leaves Clues the rules self-made millionaires live by aren't just random tips no they're the blueprint for building a life that most people only dream of these are people who started with nothing and built everything they have their lessons came from real life experience years of trial and error figuring out what works and what doesn't they've already made the mistakes so you don't have to No One teaches you how to build wealth school doesn't prepare you for it and if you're lucky you might pick up a few tips along the way but self-made
millionaires they've cracked the code their rules aren't just advice they're shortcuts okay so let's dive in number one start early start small now the secret to wealth isn't just a sudden windfall it's the small deliberate steps you take over time and there's one Golden Rule that most people Overlook momentum beats magnet ude so let's break this down starting small doesn't mean starting insignificantly no it means understanding the power of compounding how small actions snowball into bigger outcomes over time if you invest $100 every month at first it might not seem like much but over the
years with growth and reinvestment that $100 doesn't just add up it multiplies most people get stuck waiting for the perfect time or a big enough paycheck to start but millionaires know there's no such thing they start where they are with what they have and they focus on building habits not results they know the first $11,000 is harder to make than the first 10,000 because starting is what teaches you the game self-made millionaires don't wait they act they learn and they grow starting small isn't settling okay it is setting the foundation for something extraordinary number two
live below your means if there's one rule that self-made millionaires swear by it is this don't let your lifestyle grow faster than your income most people when they start making more money immediately upgrade their lifestyle they get a bigger house a flashier car or the latest gadgets thinking they've made it but here's the reality wealth isn't about how much you earn it's about how much you keep and reinvest live below your means isn't about deprivation it's about prioritizing it's about understanding that every dollar you don't spend is a dollar you can put to work instead
of buying things that lose value self-made millionaires invest in assets that grow their wealth stocks real estate or their own businesses think of it like this would you rather look rich or be rich living below your means is the key to ensuring that your wealth wealth grows quietly steadily and powerfully over time number three invest in yourself if you've ever wondered what the real secret to wealth is well here it is okay you are your greatest asset everything you achieve your income your Investments your business it all depends on skills knowledge and mindset that you
bring to the table that's why self-made millionaires treat self-investment as sacred reading books listening to podcasts or shadowing someone successful all of these count as investments in yourself knowledge is the one asset that appreciates overtime and no market crash can ever take it from you Warren Buffett once said the best investment you can make is in yourself that's not just a cute sound bite okay it's not just a random quote it is a rule self-made millionaires live by they invest in their growth every single day because they know this the more valuable you are the
more you can achieve earn and create now this topic really deserves a closer look so today on the alux app we have an exclusive daily session building the ultimate asset you so we're diving into the Psychology and Neuroscience of self-investment how shifting your mindset to see yourself as an asset can transform your life download the app scan the QR code on screen and you'll get the best deal we've ever offered on our annual membership 50% % off but only until the end of January okay we wanted to make sure that you started 2025 off on
the best most productive way possible but you're running out of time if you want to capitalize on this promotion and you know I'll be right there with you in that app every single day guiding you toward your best life plus there's dozens of Industry experts in there teaching you the insights they use to reach their own success so what are you waiting for my friend I'll see you on the inside number four make money work for you now there's a critical shift in thinking that separates the wealthy from everybody else money isn't just something you
earn and spend it's something you put to work most people trade time for money you work 40 hours you get a paycheck but your time is finite right you only have so many hours in a day so if time is your only income Source there's a hard cap on how much you can make wealthy people understand this limitation which is why they focus on creating passive income money that works even when they're not physically working think of money as your employee so instead of letting it sit idle in a savings account earning pennies you assign
it a job whether it's invested in stocks real estate or a business money that works creates more money it compounds it grows and snowballs over time your money can either sit around doing nothing or it can hustle for you self-made million millionaires always choose the latter so what's your money doing right now number five focus on value creation if you want to build lasting wealth there's a shift in perspective you need stop chasing money and start chasing problems okay so let's break this down most people think that wealth comes from working harder or longer hours
but that's not how millionaires play the game they understand that Money Follows value you so solve a problem that matters to people and they will pay for it the bigger the problem the more money flows your way imagine two businesses one sells luxury candles and the other creates affordable solar powerered lights for remote Villages without electricity now both are selling light but one is addressing a much larger more pressing need that is where the value lies in making a tangible difference in someone's life self-made millionaires spend their time asking questions like what do people need
but can't find what's frustrating them how can I make life easier faster or more enjoyable the key is to stop thinking about how I can make money and start thinking how can I solve a problem money is a byproduct of making life better for other people number six don't let your lifestyle get too big there's a trap that qu quietly steals wealth from even the highest earners lifestyle inflation it's Sneaky because it doesn't feel like a problem it feels like progress you get a raise a promotion or an unexpected windfall and suddenly that just fine
apartment doesn't feel so fine anymore you upgrade to a bigger place a nicer car and start eating out more often before you know it the extra money you're making isn't growing your wealth it's feeding your new more expensive lifestyle self-made millionaires know this game they understand the fastest way to grow Rich isn't just to earn more it's also about spending less they keep their living expenses stable even as their income Rises channeling that Surplus into Investments that grow their net worth every time your income increases pretend like it didn't save or invest that difference before
you even have a chance to spend it it's a simple discipline that separates the wealthy from the wannabes number seven Master the art of saying no now at first saying yes to everything might seem like the easiest path to success that means you're grabbing every opportunity that comes your way right yes to New Opportunities yes to networking events yes to every investment pitch that comes your way but you lose energy when you chase everything and it stops you from focusing on the right things your attention and energy is like a flashlight okay if you spread
that beam too wide the light becomes weak but narrow it down and that becomes powerful enough to cut through the darkest night that's what saying no does it lets you to focus your energy and resources on what truly matters and it doesn't make you dismissive it makes you deliberate okay you learn to recognize that every yes is a commitment and every commitment pulls you in a direction the question is is this the direction you want to go saying no is how you guard your time time energy and money it's a reminder that Focus isn't about
what you add it's about what you take away it's what you eliminate number eight think longterm if you're serious about Building Wealth there's one mindset shift you have to make stop thinking in days or months and start thinking in years or better yet decades most people focus on what feels good right now that's why they spend instead of safe binge instead of build and choose instant gratification over future gains but self-made millionaires will they play a completely different game for them every decision is a calculated step toward a long-term goal when you start prioritizing future
returns over immediate Pleasures you're no longer just living You're Building thinking about the long-term effect of all of the important decisions you make will help you to build a solid foundation in your life you'll reap bigger and better rewards some people see long-term thinking as a sacrifice where you have to give up certain things but really it's a strategy for the life you actually want to live number nine build multiple income streams what would happen if your one source of income suddenly disappeared well most people are taught to get a job and stick with it
but that's like balancing your entire financial future on a single leg if that leg breaks everything comes crashing down millionaires on the other hand think of income like a table and they add more legs to make it stronger and more stable if you've got a full-time job that's one leg but what if you added a rental property as a second leg a side hustle selling products online as a third investments in dividend paying stocks as a fourth suddenly even if one leg gets kind of shaky the others hold that table steady now be careful though
because building multiple streams does not mean starting 10 things at once you add these layers and legs over time start with one solid stream your job or business and once that's stable add another creating income is a marathon okay not a Sprint the more legs your financial table has the harder it is to knock over number 10 understand and embrace risk you can't build wealth without taking risks okay but but the difference between success and failure lies in how you take those risks self-made millionaires don't gamble okay they take calculated risks now everyone tends to
fear risk because it feels like stepping into the unknown but playing it safe also comes with its own set of risks if you keep your money in a savings account inflation will drain your buying power if you stay in your comfortable job forever you end up capping your income potential the real risk is staying stagnant while the world moves forward every successful Venture starts with a risk but you have to think about it like a multi-millionaire would you first you research before you jump you gather data you look at the worst case scenario and make
sure that you can survive it if the upside outweighs the downside then you move forward secondly you start small dip your toes into New Opportunities before diving in so you can adjust and learn without losing everything and third you diversify you have to spread that risk across multiple Investments or Ventures so one failure doesn't bring everything crashing down just remember though that if you avoid risk completely you're also avoiding reward so don't fear or avoid it respect it study it and then make it work for you number 11 Network strategically now you've probably heard this
many times before for but it's so true it's worth saying again it's not just what you know it's who you know okay and how you connect with who you know if you're the smartest person in the room you're in the wrong room okay you need to be strategic about the way you network and find rooms filled with smarter more experienced and more Innovative people you grow so much faster when you learn from others who've already achieved what you're aiming for if you can invest in your relationships with the same effort you put into your business
or career then ticking your goals off is going to be so much more fun and achievable number 12 avoid debt that doesn't build wealth now debt can either be your greatest Ally or your worst enemy the key is knowing the difference between the two there's good debt and bad debt good debt is money you borrow to make more money think mortgages on rental property student loans for high pay careers or business loans to grow your company these types of debt when managed well create opportunities to build wealth bad debt on the other hand is like
a financial black hole high-interest credit cards payday loans or financing that shiny new car you can't afford all of these trap you in a cycle of paying more for something that loses value over time millionaires steer clear of this kind of debt because they know it's the fastest way to destroy wealth wealth if the debt doesn't build your wealth or increase your earning potential don't take it number 13 delegate and Outsource your time is worth more than you think you can't do everything yourself and most self-made millionaires they don't even try instead they focus their
energy on high value activities while delegating or Outsourcing the rest your brain is a CEO okay not an intern if you spend your time on low-level tasks that anyone else could do you're holding yourself back delegation isn't just a luxury it is a tool for multiplying your impact every hour you spend on low value tasks is an hour stolen from your goals so start thinking of Delegation as an investment not an expense and you'll see how quickly your productivity and success multiply number 14 focus on ownership if you want to understand the difference between being
wealthy and just getting by there's one word you need to embrace ownership earning a paycheck is not the same as Building Wealth when you work for a salary you're only trading your time for money and there are only so many hours in a day but when you own something whether it's a business intellectual property or Investments you're creating an asset that generates income even when you're not working ownership is where that magic happens it's how you build wealth that lasts Beyond a single paycheck or a single lifetime it's how families create legacies look at Brands
like Disney Microsoft or even smaller Ventures like local real estate Empires behind every one of them is someone who understands the power of ownership when you focus on ownership you're not just working for money you're building something that works for you and number 15 learn from your failures okay because uccess is built on a mountain of failures the difference between those who make it and those who don't isn't the absence of mistakes it's what they do with those mistakes people fear failure because it feels like the end right but really it's just a part of
the process every mistake is a data point a lesson a stepping stone toward getting it right in their world failure isn't final it is feedback it's not something to avoid it's something to embrace at least when it happens each failure sharpens your skills teaches you resilience and brings you closer to that success so next time you hit a roadblock ask yourself what's the lesson here because ultimately failure is not your enemy it's your greatest teacher use it learn from it and then move forward wiser and more determined than before and since you stuck with us
until the end we've saved a bonus for you time is their most most valuable asset now if there's one thing self-made millionaires understand better than anyone it is this time is the ultimate currency you can always earn more money but time once it's gone it's gone forever far too many people spend their time without a single thought scrolling through social media binge watching shows or saying yes to things they don't even enjoy you need to be guarding your time like a hawk okay your time should have a purpose it needs to go toward things that
bring the highest returns either financially personally or emotionally every day you get 24 hours deposited into your account how you spend those hours determines whether you're Building Wealth or wasting it millionaires know that the return on an hour spent learning a new skill closing a deal or strengthening relationships far outweighs the small satisfaction that you get from distraction and don't forget to invest your time in things that recharge you as well like exercise quality time with your loved ones or hobbies that fuel your creativity protecting your energy is just as important as protecting your calendar
take a hard look at how you're spending your time Alexa because at the end of the day how you spend your time determines what your life becomes and that's all from us today alexir it's been great having you here don't forget to download our app and listen to today's daily session on building the ultimate asset you here's that QR code again just in case you missed it we'll see you back here next time alexer until then take care
