HomeMoney & Wealth21 Success Secrets of Self-Made Millionaires

21 Success Secrets of Self-Made Millionaires

success secrets
Kaun Banega Crorepati? Who wants to be millionaire?  Well today everyone wants to be millionaire. But they don’t know what it takes to become millionaire. So let us discuss about 21 Success secretes of self-made millionaires. Following these secretes will surely make you millionaire.

Research reveals that all self-made millionaires are ordinary people with average educational background. But they have found out what other successful people do and they repeated same things again and again till they achieved desire results.

Famous writer “Brain Tracy” said in his book that the way you can learn to ride a bicycle or drive a car, you can learn the success secrets of self-made millionaires and apply them in your life. And there are no limits except the limits you place by your own thinking.

As per him there are 21 success secrets of self-made millionaires. Each of these is crucial to your becoming financially independent.

Also Read:- How to become Wealthy?

21 success secrets of self-made millionaires

1 Dream Big

First secrete of self-made millionaire is dream big. Allow yourself to dream. Allow yourself to imagine and visualize about the kind of life you would like to live. Think about the amount of money you would like to earn and have in your bank account.

Remember if you have big dreams you will work to fulfill these dreams.

2 Develop a Clear Sense of Direction

Self-made millionaire possesses very good understanding. They know what to do and in which direction to work. Remember a person with a clear purpose will make progress on even the roughest road. A person with no purpose will make no progress on even the smoothest road.

3 See Yourself as Self-Employed

Commit yourself to be self-employed. Remember you are the captain of your soul and master of your fate. When you see yourself as self-employed, you develop mentality of an entrepreneur, the mentality of highly independent, self-responsible, self-starting individuals.

4 Do What You Love to Do

Self-made millionaire always loves what they do. Self-made millionaires are those who have found a field where their natural strengths and abilities are matching and by this they achieved the desired results.

5 Commit to Excellence 

As discussed in our earlier article passion of excellence  is inherent quality of all successful people. In order to be self made millionaire you have to be committed to excellence. Remember The quality of your life will be determined by the depth of your commitment to excellence, no matter what your chosen field.

6 Work Longer and Harder

All self made millionaires work very hard. They start earlier, they work harder, and they stay late. They develop a reputation for being amongst the hardest working people in their fields.

7 Dedicate Yourself to Lifelong Learning

Self-made millionaires are lifelong learner. Remember continuous learning is the minimum requirement for success in any field.

8 Pay Yourself First

 Save or invest at least 10% of your income throughout your working life. Develop lifelong habit of saving and investing your money.

 9 Learn Every Detail of Your Business

 Learn every detail of your business and apply your mind to increase your performance. The market paysexcellent rewards for excellent performance. It pays average rewards for average performance and below-average rewards, failure, and frustration for below-average performance. Your goal should be to become an expert in your chosen field by learning every single detail about how to do your work better and better.

10 Dedicate Yourself to Serving Others

Serve to other people remember your rewards in life will always be in direct proportion to your service to other people. Remember you can get everything you want in life if you just help enough other people get what they want.

11 Be Absolutely Honest with Yourself and Others

In order to become millionaire most valued and respected quality you need to develop is a reputation & absolute integrity. Be perfectly honest in everything you do and in every transaction and activity.

 12 Determine Your Highest Priorities and Concentrate on Them Single-Mindedly

In order to become millionaire you need to develop the habit of setting priorities and concentrating single-mindedly, you will be able to accomplish virtually anything you want in life.

 13 Develop a Reputation for Speed and Dependability

You need to develop reputation for speed and dependability. Move fast when people want or need something. Move quickly when you see something that needs to be done.

14 Be Prepared to Climb from Peak to Peak

In order to be successful you need to develop a long-time perspective. Take the long view in everything you do. Plan your future well and don’t allow yourself to get onto an emotional roller coaster with the short term ups and downs of daily life.

15 Practice Self-Discipline in All Things

Self discipline is the most important quality for becoming a self-made millionaire. If you can discipline yourself to do what you should do, when you should do it, whether you feel like it or not, your success is virtually guaranteed.

16 Unlock Your Inborn Creativity

You need to be innovative in order to be successful.  Develop and practice new ideas. Unlock your inborn creativity. Remember Imagination is more important than facts.

17 Get around the Right People

85% of your success and happiness in life is going to be determined by the quality of the relationships that you develop in your personal and your business activities. The more people you know and who know you in a positive way, the more successful you will be and the faster you will move ahead.

18 Take Excellent Care of Your Physical Health

Health is wealth. You need to take extreme care of you physical health.  Your health goal should be to live as long as possible so that you can enjoy a wonderful lifestyle with your money.

19 Be Decisive and Action Oriented

One of the qualities of self-made millionaires is that they think carefully and then make decisions quickly. They move fast and they get quick feedback from their actions. If they find they have made a mistake, they quickly self-correct and try something else.

20 Never Allow Failure to Be an Option

The fear of failure is the greatest single obstacle to success in our life.  Never think about failure. It is the fear of failure or the anticipation of failure that can paralyze your thoughts and your activities and hold you back from even trying to do the things that you need to do to be a big success.

21 Pass the “Persistence Test”

Persistence is the iron quality of character. Persistence is to the character of man as carbon is to steel. It is the absolutely indispensable quality that goes hand in hand with all great success in life.


Take away message from this article is “Success is predictable”.

Success is not a matter of luck or accident or being in the right place at the right time. Success is as predictable as the sun rising in the east and setting in the west.

By practising the principles that you have just learned, you will move to the front of the line in life. You will have an incredible advantage over people who do not know or who do not practice these techniques and strategies. You will have an advantage that will give you the winning edge for the rest of your life and career.

Note: –  Major portion of this article is taken from Book by “Brain Tracy” – 21 success secrets of self-made millionaire.

Shitanshu Kapadia
Shitanshu Kapadia
Hi, I am Shitanshu founder of moneyexcel.com. I am engaged in blogging & Digital Marketing for 10 years. The purpose of this blog is to share my experience, knowledge and help people in managing money.