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Ten secrets to success for aspiring female millionaires

Ten secrets to success for aspiring female millionaires
29.05.2020 10:58
Dr Jude Miller Burker, author of The Millionaire Mystique: How Working Women Become Wealthy and How You Can, Too!, has revealed her top ten tips for success.

From how to balance your responsibilities at both work and home, to learning how to 'choose what to get stressed about', and most importantly, how to lose your fear of failure, the psychologist breaks down how working women can become wealthy for MailOnline. 1. Create and manage your wealthDetermine your goals, proactively manage your money, save heavily, and live beneath your means. If you decide to create your own business, make a well-informed business plan, and if you fail to meet your goals, revise your strategy and consider new options. Become knowledgeable about investing and finances - invest conservatively.2. Don't be surprised by prejudice and discriminationToday, they might be less obvious, but still very common. Make sure that you aren't reinforcing stereotypes by acting in ways that diminish yourself, such as sitting at the back of the room. Work hard, earn respect, and outperform others to succeed. Become an expert in your field and industry. Use interpersonal skills to demonstrate your intelligence, competence, and leadership.3. Interaction of work and familyChoose a partner or spouse who actively shares in the household and childcare responsibilities. Know your own values and personal preferences to define what balance means to you. Prepare to creatively outsource domestic responsibilities and put the children's needs first. Work for a company with flexible schedules and family policies. Be disciplined with your schedule to allow for you to schedule in activities that recharge you, such as watching the kids' soccer games, your own exercise, seeing friends, and meditation.4. Become an authentic leaderKnow yourself, including your strengths and weaknesses. Self-knowledge gives you confidence to lead and show compassion for others. A transformational leadership style is most successful with employees. Use 'compassionate accountability' to manage problems and demonstrate your leadership during times of transition. 5. Become more resilientTake control about what you choose to be stressed about and don't get bogged down in the small stuff. Learn to say no without guilt and appropriately express your needs and feelings. This allows you to stick to your life plan and surround yourself with a caring network of people that support you in your chosen field. Get rid of 'toxic' relationships that erode your self-esteem. 70per cent of the millionaires in my study had serious detours and another 50per cent had outright failures.6. Build a networkConnect with men and women whom you truly enjoy and help them in their endeavors.These natural friendships, based on honesty and loyalty, will also provide you with opportunities. Both sexes have a lot to offer in increasing your social capital and your subsequent success.7. Find a mentor(s)There is great benefit in learning from others who have more experience in your field. A mentoring relationship usually works better if you feel a 'natural connection' with someone. A mentor may be found within your company, but also may be a friend in a professional organization or someone in your family or community.8. Develop great communication skills Business success requires the ability to persuade people to say yes to you much more often than they say no. Focus not just on what your needs are, but also on what the needs are of the people you are talking with. Focus intently on who you are talking to and try to speak in a manner that not only is authentic to you, but a style that others will understand.9. Develop a 'millionaire' work styleChoosing a field that you are passionate about encourages a high level of on-going work engagement. Self-made millionaires are passionate, articulate, focused, tenacious, organized, and get along well with others. Gaining operational and management experience. Knowing how 'it' is made or the services are delivered makes you more of an expert.10. Refine your personalityBe yourself, but enhance those traits that increase the chance for success including 1) conscientiousness, 2) agreeableness, 3) extraversion, and 4) openness. Minimize neuroticism and leave your worries at the door. Enhance your self-confidence by silencing your inner negative chatterbox and find ways to 'mindfully' interact with others at work. Meditation, exercise, prayer, walks in nature all help reduce stress and encourage a natural optimism which attracts others.(dailymail.co.uk)Bakudaily.Az

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