If you want to become a millionaire, developing everyday rituals and routines is crucial, according to a study conducted by socio-economist Randall Bell. Bell has spent 25 years studying success and recently conducted a global poll of over 5,000 individuals, including professionals, students, retirees, unemployed people, and millionaires, to identify common habits among high performers. The study revealed the significance of everyday rituals and routines in achieving success. One of the habits that stood out was making the bed every morning.
He wrote a book on these seven practices of millionaires. Here they are:
Make their beds: Those who make their beds every morning and keep their homes clean typically earn more money. For instance, those who make their beds every morning have a 2068.8% higher chance of becoming millionaires. According to Charles Duhigg’s “The Power of Habit,” this behaviour is a “keystone habit” linked to improved productivity, a higher sense of well-being, and better budgeting abilities.
Exercising: Bell stated that exercise and being physically active are crucial components of success. It dominated in every metric of success, even for just 15 minutes a day. Self-made millionaire Richard Branson, for instance, gets up early to work out because he believes it keeps his brain healthy. Mark Zuckerberg is another prominent person who places a high priority on exercise.
Reading: It’s been observed that reading is closely linked with higher income, education, and overall well-being. According to a study, millionaires are 122% more likely to read seven or more books per year as compared to those who read only one to three books or none at all. Remarkable personalities such as Warren Buffett and Bill Gates read more than 50 books annually, which could be a contributing factor to their success.
Politeness: Bell discovered a link between success and politeness. Remembering the little things, like wishing someone a happy birthday or sending thank-you cards, being polite at the table, having good table manners, dressing correctly for the social situation, and acknowledging significant life events like birthdays and marriages, are all connected to being successful.
Waking up early: Successful people are also early risers. Nearly 50% of successful people wake up at least three hours before their workday begins. This gives time to complete activities while dealing with distractions. It is believed that getting up at five in the morning to deal with the top three things on your to-do list can help you reclaim control of your life.
Value relationships: According to Bell, putting effort into romantic relationships has several advantages. People in satisfying romantic relationships are more likely to be happy overall and make more money. Additionally, those who have regular family dinners together are 41% more likely to be happy and 43% more likely to earn over $100,000 a year.