Who wants to be a millionaire? Common habits of people with large bank balances

A rhetoric, largely, because who does not want to be wealthy, right? Unfortunately, though, it is unlikely that life will take us all to the hot seat and make us rich while our friends and family cheer on. Does that have to mean that becoming a millionaire must remain a dream? Maybe not. A study that involved interviewing over two hundred millionaires over the course of five years revealed a list of common habits that all those with enviable bank balances share.

Take those risks

A risk on new investments is something most of the millionaires in our study believed in and would regularly do. This does not mean throwing away hard-earned money on half-baked projects but calculated risks on high growth investments that had good chances to make them money in the long run. They usually, through experience and meticulous due diligence, were able to see potential in projects that were seemingly invisible to others, as well as come up with creative routes to make those risks pay.

Be a good team player

In this particular study, it was seen that 86 per cent of self-made millionaires worked more than 50 hours a week. However, they all knew their strengths and limitations. They worked to their strengths and outsourced the tasks they were less confident about to someone who was better at it so that they had more energy to devote to the execution part of things.

Never be afraid to dream

A majority of millionaires dream big and then work to realise it. They call this process the "dream setting" and this is a tried and tested method to visualise goals and set about achieving them. It also allows them to focus on their dreams undeterred, instead of getting discouraged by other peoples' opinions of their plans.

Listen more than you speak

Successful people listen five times more than they speak. This helps them assert a wide range of perspectives and gather more ideas than they otherwise would. About 81 per cent of self-made millionaires stated that they actively sought feedback from others on a daily basis, including colleagues and those outside the office. The skill also makes them more empathetic to others, and strengthens their interpersonal relationships.

Put your health above everything else

People blessed with robust health spend less time away from work, and less money on medical bills. Adopting good lifestyle habits such as exercise and cleaner food lends a boost of positive energy to one's life and they use this energy and physical drive to power through their day and make the most of their working hours.

Make learning a constant in your life

Even if education stops at some point, one must constantly seek out opportunities for self-improvement. This can be anything from listening to audiobooks, reading biographies, learning a few new words every day or training for a new musical instrument or sport. Around 61 percent of all millionaires practiced new skills every day consistently. For them, it all came down to keep the brain active and working at increasing their knowledge base.