Habits of Millionaires #1 | FinCalC

Jordan completed his studies from an engineering college and was recruited by one of the top software firms during college campus interviews.

He was a brilliant student, smart and intelligent. Aged 22, he started working in his first software company. He was very excited about the new work and the environment. He proved to be a very hard working employee and always completed assigned tasks on time. He stayed late most of the times to get the work done.

Two years later, he got promoted and was very happy with his new job roles and salary. He started working more hard and help his teammates in completing their tasks on time. Overall, Jordan proved to be one of the hard working employees and a great team player. He was kind in nature and his colleagues used to respect him for his outstanding work.

Then came the year 2008. Many people were effected due to recession of 2008. During this recession period many employees lost their jobs. Unaware about what to do, Jordan kept on working hard for his employer, though he was nervous about his job security. Fortunately he was one of the employees who were retained by the employer due to his hard work.

But something changed inside Jordan. He changed his mindset about job security and periodically made himself believe that nothing is constant. He used to think that he can be thrown out of the firm anytime if the employer feels that he is a Liability and is no longer needed or in case if there is another recession period.

Jordan started finding ways to create a source of passive income. This would help him in case he loses his job. One thing Jordan was interested about was to have his own podcast. So he started recording for his podcast.

Initially he didn't have any goal for his podcast and used to record with any topic that randomly comes in his mind. Since he was working in a 9-5 job as well, he was finding it difficult to record consistently. He wanted to make something that would help the world as well as create a passive income stream for him.

Two years later, with no success, Jordan was a bit disappointed by himself. He started brainstorming about the ideas that would help him achieve his goal. He realized that he is good in technical and engineering subjects. He started with those topics in mind and used to record for his podcast almost every day.

Almost after 1 month, and 28 recordings, there were very few subscribers to his podcast series. It was 2010 and there was already a lot of information about anything that you could find on internet. Jordan realized that he need to make students aware about his podcasts series through internet. He read about SEO techniques, how to create a website and make videos for his topics of interest.

Jordan applied his learning and optimized the description of his individual podcast, podcasts series, started with a YouTube channel, created a landing page and a website about his podcasts. He started getting more subscribers gradually. He read more about how to be successful on internet.

With time and changes made on his podcasts series, YouTube channel and website, Jordan started getting recognized as the person behind his tutorials. More students started opting in for his free resources available.

It was 2012 and Jordan started monetizing all his free resources available through advertisements. Soon he realized that he was generating a decent passive income from all his resources and decided to quit his job. He was completely dedicated to come up with some material to be posted online on daily basis. He believed in consistency and had faith. And it worked out for him. He is doing very well with all his free resources and tutorials available across various platforms.

What we learn from this story?
Consistency is the key. Have a goal about what you would like to do in your life and work on it. Even if you are in a 9-5 job, if you have faith and the will to do something, you'll find ways to achieve your goals.
Jordan consistently worked on his goals. There were peaks and valleys in his life but he never gave up. Some days were not in his favor but he woke up every morning with the intention of posting some useful material for the people on daily basis.
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Habits of Millionaires:

1. They Believe in Consistency

Like Jordan, millionaires believe in consistency. Though there will be ups and downs but they never give up. They show up at their work every day and get the work done.

Sometimes we will feel down or some or the other event will take our valuable time that was allocated for our side projects. But it's about how you make a come back after a halt. It's about how important your goals are and whether you get back on track after the halt. So if you are working on something, do it consistently. Consistency is the key.

2. They Invest in Training

Millionaires invest in their training. Jordan wasn't the person who would go for parties with friends after receiving his pay check. He invested in learning new things. He invested in training himself and improving himself on the skills that he had to work on.

So invest in your training. Read useful resources related to your goals. There is a lot of information about anything that you want on internet, make use of it and make this world a better place to live by creating something useful. Going for parties would be more exciting after you have something that generates income for you while you are attending parties.

3. They Automate and Delegate

Passive income isn't about working 24*7. Once you start your trip towards building passive income, it starts generating money for you automatically. That's what millionaires do.

They create a source of passive income, hire employees and let them work on that source. Once they feel that the source doesn't need much attention, they start finding other sources of passive income. They automate and delegate. This helps them make more money without trading their time.

4. They Avoid New Luxurious Cars

Jordan had a different mentality about cars. He was much like other millionaires.

"Car is a Liability. The moment you take a brand new car outside show room, it's value decreases by more than half."

Millionaires take the decision of buying a car based on their needs. And if a car is really needed, they go for a secondhand car. Anyway, car is something which is used to go from one place to another.

5. They Adapt to the Ups and Downs of Life

They know that life is about ups and downs. There will be many peaks and valleys while they are working on their projects. Important thing is to have faith and believe in yourself.

Jordan had faith in his work and his goals. He never gave up and worked consistently on his goals. He had daily, monthly and yearly goals and measured them periodically. After all, what gets measured gets managed.

6. Bank Balance is just a Number

One of the great view point of millionaires is that they never particularly focus on their bank balance. For them, their bank balance is just a number.

If you are working on something just to increase your bank balance then there are very less chances that you will meet your goals. You should have interest in working on your goals, bank balance will increase based on your efforts. Don't see that number on daily basis. Don't get distracted. Keep working on your daily, monthly and yearly goals and you will achieve your goals.


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