Millionaire Habits Archives - Timothy Sykes

Category Archives: Millionaire Habits

8 Daily Routines That Will Make You a Millionaire

Do you follow a series of productive daily routines? If not, it could be holding you back from making millions of dollars in life, seriously.

Millionaires typically aren’t made by accident, trust me I know after my trading challenge has created more fully transparent millionaires from scratch than any other program in finance, see exhibit A and exhibit B and a few more upcoming Millionaire trading challenge students whose stories I will share soon. Continue reading

8 Millionaire Traits That You Should Have

There are many different types of millionaires out there. Some have made their riches in the stock market; others have made millions in real estate. Regardless of the industry and style, though, most millionaires do have a few things in common (other than just money).

Often, millionaires share certain traits which help increase the odds of career success, you can NEVER guarantee profits or riches, all you can do is put yourself in the best position to achieve your goals. Be sure to read “An Athlete’s Guide To Stock Trading” and understand success all comes down to “boring old habits”.

Below I list some of those habits/traits so that you can work on incorporating them into your life.

1. Desire. Desire is absolutely vital to financial success. At the core of this is setting specific goals. They will create the spark of desire to succeed and attain what it is that you want. It’s this desire that will galvanize you into action.

Just idly wanting to be rich is not going to make or keep you millions. However, having specific things that you want incredibly badly to attain and setting yourself to do whatever it takes to attain those things will get you there. This deep-seated desire is a trait common among millionaires.

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See more in this video:

2. Skills And Tools. Millionaires absolutely need to assemble the skills and tools necessary to succeed in their chosen profession as to rise above the masses you must be extra-prepared. Now, this doesn’t necessarily have to mean formal education. Even though I did go to college, for instance, I taught myself how to trade penny stocks, which is how I began to make my fortune.

Groundbreaking tools like this can help you beat others in the stock market as technology can give you a leg up as this video shows:

Taking the time to truly learn your trade and develop skills is vital if you want to be successful in business. If you want to follow my path as a penny stock trader, consider my Millionaire Challenge. Basically, I act as mentor to my Millionaire Students, helping them by offering an education on penny stocks but also imparting some of the knowledge that I learned the hard way. Developing a strong skill set is vital to becoming a millionaire.

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3. Independent thinking. Yes, you need to develop skills, and this means learning from others. It’s important to absorb knowledge from a variety of different sources, including books, media, and a mentor. However, it’s equally important to retain the ability to think for yourself.

If, in your learning, you realize that you’re just becoming a parrot of facts and opinions of others, then it’s time to take a step back. To really succeed in business, you need to be able to think on your feet and problem-solve. So do pause during your learning to really ponder how you feel about certain things. Develop opinions and be able to defend them. Millionaires are able to think for themselves…for example, This Great Trader thinks entirely for himself, he doesn’t need my training or alerts AT ALL.

4. Perseverance. The dictionary defines perseverance as “steadfastness in doing something despite difficulty or delay in achieving success.”

Gaining skills, developing knowledge, and getting good at your chosen field have something in common: they require time and perseverance. You have to be able to commit to doing what it takes to get ahead in business. At times, it will be challenging, and you will want to quit. Things will get hard or discouraging or confusing. But if you persevere, you will penetrate a level of success that few realize.

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5. Vision. There’s a reason why many millionaires are referred to as visionaries. Sometimes, it takes vision to see opportunities and ways to make money where others haven’t before. After all, Walt Disney never could have become a millionaire if he didn’t have the vision to see an opening for a magical world that nobody had considered before.

Having vision doesn’t mean that you have to be a creative genius like Disney, but it does require that you think out of the box a bit. Believing that you can find success and sometimes in unexpected ways is one of the traits common to Longtime Millionaires.

6. Passion. To become a millionaire, you have to move past being just a good worker. The best work ethic in the world won’t get you ahead without a driving force. To really stick with it and succeed, you need a deep passion for the process.

What if you don’t feel as if passion comes naturally? There are tips that I can offer.

One is that you need to really focus on your goals and turn your work into a game: let the passion for what you want drive, turning your work into a game that can get you there.

Another is that you need to challenge yourself to find something in your work that you really, really love. For instance, in penny stock trading, you might not love doing your research–it might not ever be anything other than boring. But if you can develop a love of the process of trading and choosing which stock, this will keep you going in the long run.

7. Reason. Millionaires dream big, but they also have the ability to get real. This means that sometimes, they have to face their strengths and weaknesses to make reasonable choices which will be the best for their career.

For instance, you might not want to walk away from a business deal, but when you’re meeting resistance and losing money, sometimes you have to have the wherewithal to cut your losses.

As another example, reason means that you have to know when and how you can improve in various situations. Sometimes this can be hard to do, but the ability to reason will help you in becoming a millionaire.

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8. Patience. You’ve heard that patience is a virtue, right? This is particularly true if you want to become a millionaire. You need to calm down and be patient.

It’s true that it doesn’t need to take years and years to become a millionaire. Nonetheless, it’s unlikely to happen overnight. You have to stick with the process and be patient while you slowly improve.

Moreover, there are many different types of people who become millionaires. But regardless of the industry or personal style, there are certain traits which most millionaires share. By cultivating and developing these traits yourself, it’s highly likely that you will see improvements in your professional life.

Which of these millionaire traits do you have? 

8 Ways To Become A Better Trader

8 Ways To Become A Better TraderURGENT: You have until February 1st to save big HERE on this website you should be using every day to enhance your trading

Most traders could use a little improvement. If you want to be at the top of your game, professionally, it’s important to continually work on improving your performance.

As a trader and an entrepreneur, the self-improvement never really ends, if you want true and lasting success. You want to constantly refine your trading methods, stay on top of current events and keep on improving, to remain competitive and relevant and, most importantly, to do the best you can. Continue reading

The 17 Best Lessons To Remember In 2017

URGENT: Save 35-70% off holiday specials HERE FOR TODAY ONLY and this 11-hour guide is free for just a few more days too (it’ll be $500 within just a few more days so watch it all NOW ASAP!)

Happy MLK Day! Every year we have this special day off to remind ourselves of a great American who fought for liberty and equality.  In the past, I’ve made analogies here with respect to the disgusting biases that exist in the finance world and Wall Street.

I know, I know, it’s not nearly as important as what MLK stood for, but it’s important to note, so that you can understand the opportunities that exist in the stock market thanks to this bias.

To celebrate MLK Day this year, though, I won’t give any corny speech.  To truly capitalize on the opportunities that I see unfolding every day lately, I want to review some basic lessons from the past year that I think are crucial to your eventual success.

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2016 is now over.  Hopefully, you read my blog post, “Reviewing My 2016 Performance” and saw my video below about my top trading challenge student making nearly $1 million:

…and now you see HUNDREDS of my students profiting every day now, as I outlined this video that surprised quite a few people:

(in the interest of time, I normally only feature 5-10 students per day, I’d have to do 90-minute daily video lessons to try to highlight everyone doing well.  Even then, I would miss many.  The beauty of my near decade of teaching FINALLY paying off)

…you know it was a VERY good year for myself and my students, thanks to some truly incredible stock market volatility in the last few months of the year that allowed junk penny stocks like DRYS to spike from $4 to $100+ in just 4 days and then come all the way back down just 4 days later and IDXG to spike from $1 to $20/share in just 3 days.

2017 has started out incredibly strong too, as we’ve seen SEVERAL incredible Supernovas on absolute junk biotech companies, like ETRM, which went from $2 to $30 in 4 days and now back to the $13s just 3 days later and DFFN, which just last week spiked from $2 to $15+/share in just 2 days, before crashing and burning like all the rest.

So, here are 17 lessons to help you crush it in 2017: Continue reading

How Many Of These 12 Millionaire Habits Do You Have?

URGENT: Save 35-70% off holiday specials HERE for just a few more days

I’m VERY proud of my several Millionaire trading challenge students, as it’s my job to create millionaires from scratch.  So, I’m addicted to my goal of creating more. I’ve dedicated my life to understanding EVERYTHING, the ins and outs of what it takes to actually become a millionaire and one of the most important lessons in your journey is that actions speak louder than words… Continue reading

9 Traits Of Successful People

URGENT: Grab these 35-70% off holiday sales for just a few more days, while I catch up answering too many email questions!

What’s the secret to success? The answer will differ depending on who you ask. Some say that it takes hard work and dedication.  Others attribute it to luck. But, if you ask me, the true “secret” is that there is no secret.  Success is more the result of cultivating specific traits in your personal and professional life. Continue reading

11 Steps To Becoming A Millionaire

URGENT: I’m giving a FREE webinar HERE on November 1st, teaching you how to adapt to this changing market

Everyone wants to know how to be a millionaire. Honestly, I can tell you from my own experience that the steps to becoming a millionaire are very clear cut, but the process isn’t as easy as any of us would like it to be.

It’s not at all easy to achieve this feat quickly.  But, it is possible, as proven by several of my Millionaire trading challenge students.  It requires setting goals and then being willing to do the CRAZY amount of studying and work necessary to realize those goals. It’s as simple as that.

Download this cheat sheet for 11 steps to becoming a millionaire.

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7 Successful Traits Of My Millionaire Students

URGENT: You have until October 15th to watch this free guide in its 11-hour entirety…trust me you don’t want to miss this deadline!

Do you have what it takes to succeed as a trader and become my next millionaire trading challenge student?

Attaining success in the stock market (or really, at anything you do) isn’t just a matter of luck. It’s a matter of taking the time to learn how to trade stocks, applying your knowledge, and really sticking with it, even in the face of adversity, failure and mistakes along the way. If you have patience and perseverance, attaining success is really accessible to anyone who is willing to put in the work and effort, but the thing is, there are relatively few people who are willing to put in the time and effort for the length of time required.

My millionaire trading challenge students prove the exception to the rule. They never fail to impress me with their genuine drive, work ethic, and will to succeed and over time, I have noticed that all of my most successful students of mine share certain traits. Here, I’ve put together a list of 8 successful traits of my Millionaire Challenge students. Cultivate these traits and make them part of your daily habits; chances are, you’ll see improved success in your own life and career. Continue reading

10 Ways To Achieve The Millionaire Mindset

Only 25 seats left for my annual conference HERE September 10-12th, then we are 100% sold out

You’ve heard the saying “before you run, you’ve got to learn how to walk”. Well, before you become a millionaire, you’ve got to learn how to think like one…your success is not guaranteed and it’s not an easy journey, but what you learn about yourself along the way and when you achieve your goals with enough perseverance make it all worthwhile in the end. Continue reading