5 secrets that self-made millionaires teach their children

Writer Steve Saybold published a book in 2018 on the book “The Secrets to Millionaires that Have Made Itself They Teach Their Children”. To write it, he met more than 1200 millionaires and gathered their tips in short book chapters in 160.

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Edition Time made a squeeze out of his work, choosing 5 main tips.

Watch Wall Street

Millionaires are advised to pay close attention to what is happening in markets of all sizes, reading Wall Street Journal and regularly talking with shopkeepers in their cities.

Understanding the situations in these markets provides an opportunity to notice the prospects for business and development.

Avoid Belief in the Microwave Effect

People who want to succeed in something, you should stop believing in the microwave effect, that is, to believe that the results of their work will appear instantly, and not gradually.

Instant success does not lead to millions and stable business, so you need to understand that you have to work and constantly evolve over the years.

Play sports for rich people

Young people who play golf, tennis or other sports that are preferred by successful rich people have more opportunities to communicate with these people and to reflect on the game than those who are engaged in more active sports, such as basketball or baseball.

Taking up such kinds of sports also helps to form connections with successful people, which can then help in developing their business. In addition, business deals are often made on golf courses.

Write letters with a vision for the future

In order to make it easier for your child to succeed and master the idea of ​​long-term planning, invite him to write a letter to his friend, imagining that many years have passed and he has achieved his goals. This motivates children to work on the realization of their plans, because, describing their achievements, they feel the taste of victory and what their life will be like if they achieve their goals.

Do not forget to have fun

Children should remember that when they go to their goal, they should take the time to relax and have fun, which will make them more creative and open to new experiences.

Enjoying the process of your work is very important. The goal is not only to earn a million; it is very important to have fun along the way to your goal.

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