Have you ever wondered what exactly do successful entrepreneurs, CEOs, famous artists do differently?
Well on this post we’re going to dissect the overlapping habits between successful CEOs, celebrities, athletes, etc. The reason why we are not going to only focus on investor or CEOs is because we genuinely believe that financial success can be reached through almost any profession.
Most of these habits are not just money tips but entire life changers, after all there’s only so much you can do if your lifestyle is all messed up. So keep that in mind as you read this post.
If you’re going to pursue your dreams you will need to be consistently hardworking and resourceful, the habits that you will see on this list will help you with that and I’m pretty sure tat if you’re doing these things you will reach success on whatever it is you’re trying to do.
So without further ado let’s get into what exactly do these super performers do differently:
1. They Wake Up Early
One thing that is common among the most successful people is that they wake up early, The Rock is famous for waking up around 5 am to get two workout before 8 am and then go on with the rest of his day, but CEOs and successful entrepreneurs do this too, take a look at Richard Branson. The Virgin Airline’s CEO has talked about why waking up early is so important on multiple occasions. Another advocate of waking up early is Ex-Navy SEAL, Business Consultant and author of Extreme Ownership, Jocko Willik who argues that waking up early will give you the upper hand throughout the day and allow you to be more mindful of what you need to get done.
2. They Read a Lot
Successful entrepreneurs need to know about a lot of topics they probably didn’t learn at school, but regardless of your profession or what exactly you’re trying to accomplish books are a great way to learn about topics you don’t know about. Bill Gates and Warren Buffet are great advocates of reading every day. Actually, Warren Buffet attributes most of his success as an investor to a book he read when he was only 19 years old, that book being The Intelligent Investor by Benjamin Graham. If you don’t know what to read next, check out our recommendations: Top 10 Personal Finance Books and Top 17 Investing Books. You can also check Bill Gates book recommendations online.
3. They Invest In Themselves
This one is no secret, but it’s often overlooked, people think successful entrepreneurs spend all their day working on their business and while they do work a lot on their actual jobs, most them also spend a lot of time working of themselves be it reading, taking classes, seeking mentors, meditating or anything that can help them achieve their goals easier and more effectively. If you’re an entrepreneur it’s important to reinvest part of your earnings on your company but it’s also to invest in yourself so that you can continue to grow and improve. This habit is applicable to anything you do. If you’re an entrepreneur you can buy books or classes about marketing, sales, finance, etc. If you’re an athlete you can seek some kind of class by an expert that helps you improve, you can also buy the latest books on diet and training or even get new training gear so that you can gain that extra edge over your competition.
4. They Meditate
Meditation has become really popular in the last few years not only among yogis but also among CEOs and execs. This is no surprise for anyone who has followed a consistent meditation practice, after all, you can start seeing benefits like reduced stress and anxiety, increased concentration, better sleep among many others with only 10 minutes of meditation per day. If you don’t know where to start with meditation you can start with guided meditation which is available through multiple apps like Headspace or Insight Timer that are free and very easy to use.
5. They Invest
In this point, we’re talking about actual investments, according to The Millionaire Next Door the average millionaire in the United States directs 20% of his income towards investments (and 90% of millionaires own stocks). Now investing 20% of your income can be hard depending on your financial situation but you don’t need to start that high, you can start investing 2% or 5% of your paychecks and I guarantee you, that will become life changing after a couple of years. If you don’t where to start with investing you can check out these two articles: How to Start Investing in 4 Steps and Guide To Financial Assets.
6. They Workout
This one is no surprise, if you want to have mental clarity and energy throughout the day you need to be exercising, you don’t need to go overboard with it, just jog 30 minutes a day or jump some rope or basically any activity that elevates your heart rate will get the job done. Some people think about exercising the wrong way by thinking “that time I could instead be working” but it’s been shown that exercise actually increases productivity. Exercise has multiple benefits that can directly impact your daily output such as alertness and energy, mental health and reduced sick days. So if you want to operate at the highest level be sure to do some exercise a couple of times per week. It can even lead to more creativity, according to Spark: The Revolutionary New Science of Exercise and the Brain by John J. Ratey moving and exercising leads our body to create important protein for neurogenesis and the repair of synapses, which in turn will lead to more concentration, mental clarity, creativity among many other benefits.
7. They Keep Track
If you really want to get to the next level on whatever area you are working, you need to track, there’s a famous saying in consulting by Peter Drucker, author of The Effective Executive that says “what gets measured gets managed” and what he means by this, is that if you’re not tracking your progress (and by tracking I mean really tracking, writing it down and comparing the numbers week to week) you’re not going improve, you’re not going to know which strategies actually work and which ones do not. If you want to get serious about growing your business, you need to know in which areas are doing well and in which ones you can improve, this can also be applied to your personal goals through journaling. If you’re not familiar with journaling, it’s a popular method to track your goals. journaling is as simple at it sounds and basically only involves writing what you want to accomplish day by day and tracking it.
8. They engage in “Deep Work”
In modern times we have a lot of progress on technology, business medicine and everywhere else but we have lost a very valuable skill that our ancestors did have. And that is the ability to concentrate for long periods of time. It could have been due to TV, smartphones, social media, videogames or a lot of other things that provide instant gratification but the fact is that being able to work uninterrupted for long periods of time is becoming a rarer and rarer skill in the modern economy. The term has been recently popularized by Cal Newport’s Deep Work, where he talks about how important is this skill, how productive we can get when we work uninterrupted for long periods of times. The original idea comes from psychologist and college professor Mihaly Csikszentmihalyi’s Flow who looked into the mental states of athletes who were “in the zone” and other similar states of high concentration and coined the term flow to describe the state where people are working effectively for long hours without noticing that times passes or as he calls it the psychology of optimal experience.
With that, we conclude this list of habits of the top performers, be sure to implement a couple of them in your life and get that competitive edge to get ahead of the competition. If you don’t know where to start we’ve linked to other articles and books so you can learn more about these topics.