How Self-Made Millionaires Think

People who are successful — financially and otherwise — regularly set aside time to ask themselves these 83 questions.


This post comes from Tom Corley of partner site Credit.com.

One of the things that stood out from my Rich Habits Study was how important thinking was to self-made millionaires. I tracked 10 different types of thinking habits these millionaires engaged in frequently, if not daily. From my research, it was so evident that thinking was fundamental to their success that I decided it needed to become one of what I call the 10 Keystone Rich Habits.

When self-made millionaires think, they do so in isolation, closed off from the world. Most engaged in their daily thinking habits in the morning, some during their commute in their car, others in the shower, and still others at night. Morning seemed to be the most dominant time, however. Typically, immediately upon waking, these self-made millionaires would find a quiet space and think for about 15 to 30 minutes.

What did they think about? Well, they thought about a lot of things and when they thought, they thought in a way that most would refer to as brainstorming. They spent time every day brainstorming with themselves about numerous things. I was able to boil down those brainstorming sessions into 10 core Rich Thinking Habit categories. Here they are, and the corresponding 83 questions the rich ask themselves:

1. Career

Some of the questions they asked themselves included:

  • What can I do to make more money?
  • How can I increase my value to my clients, customers or my employer?
  • What do I need to do in order to gain more expertise?
  • What additional skills do I need?
  • What things should I be reading more about?
  • Do I like what I do?
  • What do I love to do?
  • Can I make money doing what I love to do?
  • Should I change careers?
  • Should I work more – or fewer — hours?
  • Do I work hard enough?
  • Am I lazy?
  • What am I really good at?
  • What am I really bad at?
  • Does my job make me happy?

2. Finances

When it comes to their money, here are some of the questions they contemplated:

  • Do I spend too much money?
  • Am I saving enough money?
  • Will I have enough to retire on?
  • How much will I need to retire on?
  • Do I have enough set aside for college for my kids?
  • How much do I actually spend each month?
  • Should I create a budget?
  • Should I revise my budget?
  • Am I doing a good job investing our money?
  • Is my spouse doing a good job investing our money?
  • Am I paying too much in taxes?
  • Do I have enough life insurance?
  • Should I set up a trust for my kids?

3. Family

They also asked themselves:

  • Do I spend enough time with my family?
  • Can I work less and spend more time with my family?
  • Are we spoiling our kids?
  • Are we too hard on our kids?
  • Can I get away for a family vacation this year?
  • Are we doing enough to help our kids succeed?
  • How can I improve my relationship with my spouse, my kids?

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