Hey guys, it’s Sharon from digital nomad quest and today we’re gonna go over 11 millionaire habits that have changed my life. If you guys are new to this channel, welcome. I’m all about teaching how to build passive income, become financially free and design your best lives.So in this episode, I don’t want to go over the generic habits that people always talk about, for example, meditation, waking up early Cold showers, I’m sure that is very helpful. But for me, I actually don’t do any of those things. I would say I don’t wake up that early. I take normal showers. I used to meditate when I could. But I haven’t been keeping that up. Even though those things help, I’m going to just really hone in on the ones that have actually helped me a lot in my journey. And hopefully it inspires you as well. And I feel like a lot of people think, Oh, you need to inherit wealth, like people were born rich. So that’s how they are rich. But actually, a study by Fidelity Investments show that 88% of millionaires are self made, which means they didn’t inherit their wealth. So I’m just hoping that a lot of these habits, and these tips really inspire you to think that there are opportunities out there for you, and that anything is achievable.

Now let’s get right into the first habit.

1. Doing the 20% that produces 80% of results. And this is called The Pareto principle.
A lot of the successful people I surround myself would always talk about this principle, because it’s very easy to get caught up with tasks that don’t actually move your business forward or move your development forward. For example, for myself, as a YouTube creator, if you look at my old videos on this channel, I would just put up these videos without thinking about it too much. I wouldn’t script any of them, I wouldn’t really do that much research, I basically was mainly talking through my own knowledge based off of my previous experience. But now if you look at all my videos, I do a lot of research on what topics I should talk about, for example, what is my audience struggling with? What are they asking for? And what are other creators talking about, for example, like I look at all these things to help me figure out what to talk about on my own channel. And then I do a lot of research now as well as I script and outline my videos. So I knew that that was the 20% to get me those 80% of results, but I avoided it for the longest time.

And that’s why I bring this up. Because with any business you’re doing or any venture or even if you’re working on your health, like for example, you know that you’re drinking soda every single day. And you know that if you cut that out, that would actually make you feel a lot better and feel a lot healthier, that’s probably the thing you need to do. Even if it’s the hard thing to do, it might be the thing that will really change your life. So make sure you’re always reflecting on figuring out what that 20% actually is and actually take that step because that will honestly give you exponential results.

2. The Second one is, Surround yourself with people that actually inspire you.
In the past, I was always very introverted, I didn’t really want to go out and meet new people. But now I go to a lot of conferences and meetups and I try to talk to people because I can learn from people, it’s important to surround yourself with people who you want to be like it could be around health, it could be around other things that you just really want to get better at. For example, they say that you are the average of the five people you spend the most time with. And I honestly think that’s true.

So just be careful and aware of your circle are you surrounding yourself with people who are constantly complaining playing the victim making excuses gossiping about other people looking down on other people just kind of think about that a little bit and see if that energy is pulling you down or you know if you need to be around people who are more positive and who are doing stuff that you are inspired by or maybe their personalities, something you respect, and you want to be more like, just take note of it and try to surround yourself with the right people.

Even though I’m an introverted person, I actually started my own mastermind, I reached out to people I wasn’t super close with to see if they would be interested in meeting monthly with me. And we’ve been doing this for almost two years now I believe. And I’m also part of three other masterminds. So it actually helps to network and find people who lift you up next, I think it’s really helpful to change your mentality to think that everyone can be a teacher, you know, before I became a digital nomad and started this journey of side hustles, and all these other things, I think that I always felt like my opinion was correct, and that maybe other people were wrong. But then I go out and travel for two years. And I realized that, you know, I don’t know anything. And I started realizing that there’s so much I didn’t know, after meeting people of all walks of life, I realized that I was living in a bubble.

I think it’s really helpful when you start realizing that you can learn something from everyone. For example, I noticed that in one of my masterminds, there’s someone who I always feel like learns from everyone else, even though he’s actually skyrocketed past this, which honestly makes me respect him more because I feel like when you think are too good, then you’re not gonna learn as fast as someone who’s constantly absorbing knowledge and listening to what other people have to say. So you just have to be open minded and understand that there’s so much to learn. There’s so much out there and there’s a lot of abundance and I think when you treat everyone as a teacher, I feel like it shifts your mindset to more abundance as well that you think there’s knowledge to be had everywhere, and you can share knowledge freely. So that just opens up to a nicer environment that’s not as combative or competitive and you think that everyone can have a piece.

3. Next, I would say writing things down has changed my life.
So I wanted to bring up my Remarkable Paper Tablet, because I actually use this a lot for my To Do lists for my goals for figuring out my systems for real estate for content creation and everything. If you’re interested, get your hands on a Remarkable Two by clicking on my link above.

So before I started with Google Keep, but then I started using a notebook afterwards, like a paper notebook, because I didn’t really like the feeling of always having to type and look at a screen. But then when I’m writing on pieces of paper, if I mess up, I’m using pen and I usually have to scratch things out or like use a new page, and the ink that I use always smears. So it’s kind of annoying.

Now with a Remarkable, I can easily erase things, there is actually an eraser here. And I can just erase things really easily. And I can have multiple notebooks on this. So in the Youtube Video above, you can see how to use it.

So basically, I have my goals, my journal, my real estate information, my content creation information, and my to-do list here in the Remarkable Paper Tablet. So if you wanted to start a new notebook you can choose from any of these templates. So if you go to view all templates, you can see a bunch of these different templates that you can choose from essentially. So this is great for, you know, creative people or people who like to be organized, it’s so helpful, because it’s very distraction-free.

I’m not going to be surfing the internet on this, because you can’t really do that it’s really there for focused writing. So I just feel way more in control, and just more organized and in sync. So Remarkable Two, it’s very paper-like. You can say goals, and you can just write out your different ones. So for me, it’s really important for me to write down my to-do list. So here’s an example of a to-do list, right, you can basically use the checklist template and you could just mark it here when you’ve done one of the tasks. So this is how I keep organized every day, before I go to bed, I actually write my to do list.

4. I have all my to-do set.
And then I think a lot of people spend time kind of figuring out what they need to do. So it’s very helpful to kind of write down your to do list the night before, then you don’t have to think about it when you’re sleeping, then you have it all written down. And then the next day, you already know what your tasks are writing down, everything takes out a lot of that scattered brain where you’re constantly thinking, What should I do next, as well as it’s easy to forget things. So it’s very helpful to kind of write down things that you need to remember later.

5. Setting goals and then breaking them down into smaller milestones, and then working on them consistently.
So let’s bring back the remarkable two. And let’s try to do an example. So say you want to build systems for your content creation business, I’m gonna say overarching goal is system. So then I break that down into smaller milestones, like what are some things I could hire for, so maybe video editing, so I’m gonna write that down, maybe thumbnails, I can write that down, get someone to design these different things, we need to write SOPs. So basically, for people that I hire, I have a set procedure and then in case anything happens, then I can rehire someone else for that role, again, because I’ve set those standard operating procedures.

Say you want to just proceed with that. So maybe you think, Okay, where can I find these different things? Maybe I can go on up work for both of these different things, how much do I want to pay for that. So like, you just kind of break down every single milestone and then see how much you’re willing to pay, like per video or per thumbnail. For example, you can do this with, you know, a financial goal, maybe you want to save $100,000, break that down into 50,000, and then break that into 10,000. Just start small and figure out how you would save $10,000, maybe that’s taking extra part time jobs, maybe that means eating out only once a month, maybe that also means paying yourself first so automatically putting in X amount into your account. So that’s essentially how this would work.

You’d break down a larger goal and then break it down into smaller milestones. And that’s gonna really help you stay productive, because that’s what I always do. I always kind of think about, you know, my year goals, and then break that down possibly by quarter and possibly figure out how I would achieve every single milestone that way, because that really helps you not feel overwhelmed by the big goal. You know, saving $100,000 can be very overwhelming for someone who is in debt, for example, but slowly and surely, if you just break that down into small milestones, you’re going to be able to achieve every single one. And it’s just going to give you more confidence as well.

6. Next habit I would say provide value.
When you provide value in the world. It goes back to that abundance mindset thing where you feel like you can share knowledge because everyone can succeed in this world. There’s room for everyone. I think that when you have an abundance mindset, it really helps you grow because you think oh there are tons of opportunities out there for me I’m able to achieve this. Instead of feeling small and thinking I don’t want to provide value because People will take that from me and then surpass me. And then I won’t be able to like do this and that or I won’t ever be able to become a millionaire because I never inherited wealth, I didn’t come from a rich family. So that plays into that abundance mindset thing, do you have a scarcity mindset or an abundance one.

And if you feel abundant, you should be comfortable with sharing knowledge. And usually, it’ll really pay you back people, you know, trust you more and think that you are helping them. So they’ll want to help you back as well.

7. Live below your means , this is an obvious one.
Basically, lifestyle creep is something that can really happen if you boost your income. So maybe you go from 50k a year to $100,000 a year, it’s really easy to think, oh, I should spend on this. And that because I’m making more money now. But you were able to make it work at 50k, or maybe even 30k. So if you’re able to do that, you should be able to make it work at that same amount with 100k. And then put all that into your savings and investments. Instead, if you are really trying to grow your wealth like that, it is very helpful to reduce your expenses as much as you can and then invest it until you get to that point where you’re really happy with where you’re at, make sure you understand the difference between assets versus liabilities.

Liabilities are the debts you have, whereas assets add financial value to your net worth essentially. So make sure you’re not taking on too many liabilities. Having too many expenses, make sure you’re boosting your income and getting more assets if you can. And something that helped me when it came to saving and putting that back into investing is kind of equating the amount of time it took for me to make a certain amount of money that made it so that I would kind of decide, is it worth it for me to buy this bag or buy this piece of clothing, if you have a $10 an hour job and then a bag cost you like $500 Is it really worth 50 hours of your time, that’s the kind of thinking you have to think about and it might help you with your shopping decisions.

8. Now let’s talk about number eight. Something interesting that’s recently helped me is sleeping and waking up every single day at the same time.
So that includes weekends, and just times where I’m like, oh, I need to cram for work. And all this stuff. Instead of staying up late. I’ve actually been trying to sleep from 1230 to 838 30 is not that early compared to people who are actually waking up at like four to 6am. I’m just trying to wake up at the same time every day because I took a sleep program because I would suffer from insomnia. And this has actually dramatically helped me where I turn off electronics an hour before I sleep. And then I sleep at regular times every single day. This helps me with my productivity because I’m getting substantial sleep every single day, I have a routine. So I kind of know what I’m going to do, because I write down all my tasks the night before. So having that routine really helps me stay organized and be productive.

9. Delegate tasks and outsource them when you are not as needed for them. Or maybe you’re not as good at those tasks.
So now with all my video editing, I actually outsource all of that work, because they can actually do a lot better than me. And I want to focus on kind of creating the content more. So when you’re delegating tasks and finding other people to help you with your business or whatever, it really helps you scale faster. But I would say in the beginning, you probably need to do that grunt work first, in order to get your stuff up before you have the funds to start hiring some of that work out, right. But the beauty of kind of automation and outsourcing tasks is it kind of helps you with not having a scattered brain. So I feel like a scattered brain makes it so your productivity just tanked. So whatever you can do to help with that is great. But if you can have some other people handling tasks that you don’t want to do, then you can focus on the things that you do want to do that can actually grow your business a lot, that kind of leads me to –

10. Number 10, which is time blocking.
So I actually kind of think, okay, these are the days that I’m going to film. And these are the days I’m going to script these other days, I’m gonna do this or that. So I kind of think in that way and just time block. And sometimes I even time block, like when I’m gonna have fun. So having a schedule makes it so I don’t have to think about what I need to do next, if that makes sense. So if you time block every single day of the week, that’s even more helpful. I don’t do that as much. But for example, if you do like writing only on Wednesdays, or filming only on Fridays, or whatever, it’s like you’re filming Fridays and writing Wednesday’s type of thing that can really help with your productivity because your mind is just like, Okay, I just need to do this one thing. I don’t need to go off and get distracted on other things.

11. Lastly, I would say do things that scare you.
So honestly, I mentioned I’m very introverted person. I don’t like public speaking. I don’t like doing all these other things. But I started challenging myself to go out there and like, go on interviews, do presentations. So I presented at Fin-Con. I’ve been going to conferences. I’ve been going on to a lot of these interviews that I normally wouldn’t have done actually, I remember in 2018 Someone asked me to do an interview. I said no, because I’m scared. And then months later, she had to ask me again and then I had to say yes, it was kind of just like forcing me to say yes, but it was a great experience to get me into things that I wasn’t comfortable. Wow, that really challenged me. So I started kind of going on that I was like, Okay, I’m gonna just challenge myself to do things that scare me.

So that includes improv actually did improv for maybe six months. And I was like, terrified to do something like that. And I even performed in front of people doing improv, which was extremely scary, but it got me out of my comfort zone. And I think it helped with my self development a lot, you in putting content out here, it’s kind of scary, because people can judge you a lot, you will get hate comments, no matter what, but then it makes you stronger, right? It makes you have thicker skin, you don’t care as much, but you have to like expose yourself to these things to really grow. So I feel like that kind of goes back to like the 80-20 thing or it’s like do those things that you don’t want to do that you know you should do because those are the things that are going to grow like your wealth, your business help you in your life, so make sure you’re doing those things and challenging yourself as much as he can.

So I hope you guys enjoyed these 11 millionaire habits that have changed my life. Honestly, with these last couple of years my life has changed dramatically and I feel like every single one of these tips have helped me in this journey. So I hope it inspires you a lot and if you guys liked this episode and I’ll see you guys in the next one.