7 Key Ways Millionaires Think Different To You

Research indicates that wealthy individuals have developed certain habits that make them successful. Here are seven key differences between the views of millionaires and everyone else.

Make Long-term Financial Plans

Millionaires not only think of the present but also of the future. This means that their goals and plans typically span years or even decades. Long-term goals would encourage you to sacrifice short-term comfort for long-term financial freedom. In other words, they would help you develop patience, which is a common trait among millionaires. Unlike millionaires, the middle-class poor lack patience and often seek instant gratification and a result, rack up additional debt. Millionaires, on the other hand, understand the value of delayed gratification, which enables them to avoid unnecessary debt, such as credit card debt. Unnecessary debt is dangerous because it can prevent you from attaining your financial goals.

Moreover, long-term plans allow millionaires to prepare for the future and more importantly, potential change. Change, whether big or small, can be intimidating. However, for millionaires, change often represents new opportunities for growth. In fact, the wealthy tend to assume change, whether positive or negative, will benefit them. Of course, it takes a lot of confidence to not only embrace, but also exploit change. Millionaires are unafraid of change because they believe in their abilities to deal with change effectively. Since they work hard and make long-term plans, the wealthy are better prepared for change.

Ask Empowering Questions

This is one of the main differences between millionaires and everyone else. More specifically, millionaires ask themselves empowering questions (can do), whereas everyone one asks themselves disempowering ones (can’t do). For instance, while millionaires view challenges as learning opportunities, virtually everyone else views challenges as problems. For this reason, millionaires can develop creative solutions to problems. Empowering questions enable millionaires to take proactive action to improve their fortunes instead of relying on fate. Put another way, asking empowering questions help millionaires reach their full potential and more importantly, take control of their destiny.

Read Consistently

Millionaires are always hungry for knowledge, especially financial knowledge. For this reason, they never stop reading throughout their lives to gain financial knowledge. In fact, virtually all millionaires have a home library stacked with books on different subjects. According to Thomas C. Corley, author of “Change Your Habits, Change Your Life,” millionaires tend to read three types of books: self-help or personal development, biographies of successful people and history. Books are a relatively inexpensive way to gain knowledge and learn new concepts quickly.

Self-education enables millionaires to develop new business ideas. In fact, wealthy individuals spend most of their time thinking or talking about new ideas because they understand ideas are highly valuable, especially in today’s fast-changing world. For this reason, millionaires spend most of their time learning new things and expanding their minds. Instead of talking about cars and movies, for instance, wealthy individuals think and talk about how to produce better cars and better movies.

Self-education also instills the confidence necessary to take calculated risks. Unlike the middle-class, millionaires are not content to stay in their lanes. In fact, millionaires strive to move out of their lanes because they are unafraid to take calculated risks. Put another way; they can perform a risk/reward analysis before taking risks.

Multiple Revenue Streams

This is probably a no-brainer because more revenue streams mean more money. Still, it takes a particular mindset and skill set to develop multiple sources of income and millionaires understand and appreciate this. In essence, millionaires do not believe in doing everything by themselves. Instead, they hire competent people to manage their projects. By doing this, millionaires can free up their time and create additional income generating projects. By repeating this cycle, millionaires are not only able to create multiple streams of passive income, but also focus on the big picture without risking burnout.


Millionaires are generous because they believe that, the more they give, the more they will receive. Because of this, the wealthy tend to be philanthropists. For instance, Bill Gates and Warren Buffet launched the Giving Pledge initiative in 2010 with the aim of encouraging the ultra-rich to use their wealth to support good causes. Today, more than 150 billionaires, including Elon Musk, Richard Branson, and Mark Zuckerberg, have joined the Giving Pledge initiative.

Befriend Success-minded Individuals

Millionaires know that you are only as successful as your network. For this reason, they tend to be interested in people who are enthusiastic, optimistic and goal-oriented. Additionally, millionaires shun negative individuals and influences. Additionally, millionaires help other success-minded people achieve their goals to strengthen their networks and ultimately, their net worth. For this reason, they tend to be either mentors or mentees.


About 75% of wealthy individuals perform at least 30 minutes of aerobic exercise every day, says by Thomas C. Corley, author of “Change Your Habits, Change Your Life.”


Millionaires are successful because they spend time with success-minded people, read consistently, think long-term, ask themselves empowering questions, develop multiple revenue streams, exercise every day and engage in philanthropy.