9 Ways To Become Successful

how to be successful

How to Be Successful

Do you want to learn how to be successful?

Download the key points of this post as PDF.

Sure, everyone would like to be more successful in business and in life. But, if the process of attaining success seems confusing to you, then I want to shed some light on it. These are 9 helpful things that can streamline the process of finding success. How many have of these things are you doing?

1. Decide that you want to be successful. Action follows intention. What does that have to do with how to be successful? Everything. First, you need to really want to be successful. I don’t mean in an abstract, “sure, that would be nice” sort of way. You really need to want success so badly that you’re compelled to take action. It’s only once you reach this point that you’ll truly be able to pursue success.

Like my 22-year-old Trading Challenge student Steven who found me on instagram because he liked my Lamborghini and who I just featured in a video lesson today because he’s studied perhaps more than any of my other students and now he’s been successful enough to buy his own dream car, a McLaren:**


Learn more about him and his determination in this classic interview he gave me a few months back:**


There are many admirers of my Lamborghini and my Ferrari, too.  But, do they take that admiration and turn it into anything useful?


Believe it or not, there are many people out there who have never actually taken the time to really make a firm decision and commitment to their future success. This is a simple thing, but so important. Don’t overlook it. It’s the basis for everything that follows.

If you’re TRULY ready to be successful, leave a comment below — you can say whatever you want, just write down the goals you hope to achieve and then once they’re written spend every waking second trying to achieve them all…and more! 

2. Define success. There’s not just one definition of success. Success to one person might mean owning their own home and holding down a steady job; to another, it’s owning ten homes and multiple businesses. So before you can learn how to be successful, you have to get really straight in your mind about what that actually means to you. What do you want to achieve, and why? Figuring out what success means to you is a big step which makes it attainable versus intangible.

3. Figure out how to attain that success. Now’s where things start getting real. Now that you have decided that you want to be successful and you know what that means, it’s time to start figuring out how to make it happen.

Say that your goal is to own a chain of coffee shops. Trouble is, you need money to make that dream a reality. So you need to earn money, but how? Well, that is ultimately for you to answer. However, if you’re reading this blog, chances are that you’re intrigued by the possibility of using penny stocks to make that happen. Trading penny stocks is a great way to make money and for many, an invaluable way to diversify your portfolio of moneymaking opportunities while giving you the flexibility to concurrently pursue other dreams.

4. Get to work. Now that you’ve taken the time to figure out how it is that you want and have a rough idea of how it is that you want to get there, it’s time to get to work. If you have decided to take the route of trading penny stocks, you’re in the right place. In the Tim Sykes Millionaire Challenge, I guide my students through the art of trading penny stocks, starting with the basics and building up to more complex and involved techniques that I have used throughout the years. With several students who have broken the million dollar mark under my tutelage, I have a proven track record.** You need to apply yourself to your chosen means of making money with all that you have.

5. Give yourself time and room to learn. At this point in your journey, there’s been a lot of hurrying and excitement and planning. But at a certain point, it is going to start becoming less about dreaming and more about putting in the work. Yes, you need to constantly keep on revisiting your dreams, but now you must balance that by doing the necessary work.

It might not be the most glamorous part of the process, but putting your nose to the grind and studying, learning, and amassing as much knowledge as you can is a hugely important part of becoming successful. Usually, for students who are part of the Tim Sykes Million Challenge Team, a lot of this is learning by doing. This means actually getting in there and trading and learning from the process.

6. Fast-track your career with a mentor. Most successful people have a mentor. This is true of even powerful leaders and visionaries like Mark Zuckerberg. If you’re not clear on what having a mentor means, in a nutshell, it means that you have a relationship with someone in a similar career who is further along than you. It’s almost like they can play master to your apprentice, offering you not just basics but a more anecdotal and experience-based education on what to do and what not to do. A mentor can be an invaluable resource in helping you gain success in the most streamlined way possible. I act as a mentor to the students in my challenge.

7. Set a routine. Successful people know that there’s a benefit to repetition. Setting a routine can be a huge part of how to be successful. There are several reasons why.

For one, if you follow a specific routine, it’s a lot easier to measure your progress.

For another, setting a routine makes it easier for you to avoid habits and get work done. Often, a great routine starts with waking up early, which allows you to get things out of the way and get some reading done so that when the trading bell rings, you’re ready to go.

8. Keep reminding yourself of what you want. As you begin to immerse yourself in the process of trading, sometimes it can be easy to lose yourself in the daily grind. That’s why it’s important to revisit your goals frequently. It might be on a daily basis, or weekly or monthly, depending on what works for you. But remembering and adjusting your goals to your current space can help you stay motivated and help you stay committed, particularly when things get tough.

9. Be able to learn from your mistakes. Mistakes and failures. They both happen, and they both suck. But there can be a silver lining. It’s not just a line you’re fed in business education: mistakes truly can be your best teachers. The thing is, you have to have enough strength of character to recognize them for that.

The ego will tell you all sorts of things about making mistakes. It will tell you that you’re a failure, that you should sweep them under the rug. But don’t do it. Just as you should own your successes, you should own your failures. If you are able to learn from a mistake and not make it again, then truly, you’ve learned a great lesson of success.

Becoming successful requires dedication and hard work. By actively pursuing the tips and techniques listed in this post, your chances of becoming successful could drastically improve, whether you’re trading penny stocks or doing something else.

Watch this telling interview with my 2nd Millionaire Trading Challenge student as we review his journey and the many, many mistakes he made along the way, but which he also learned from and that made him better in the end!


If you’re TRULY ready to be successful, leave a comment below — you can say whatever you want, just write down the goals you hope to achieve and then once they’re written spend every waking second trying to achieve them all…and more!