Make failing fun
Fun? Failing? Put it this way, it takes the intimidation out of trying and reframes losing experiences as occasions to move ahead.
“That means I’m trying new things,” Rose said.
Discover how a simple decision today could lead to an extra $1.3 million in retirement
Learn how you can set yourself up for a more prosperous future by exploring why so many people who work with financial advisors retire with more wealth.
Discover the full story and see how you could be on the path to an extra $1.3 million in retirement.
Read MoreAsk for help
There’s no doubt, so far as Rose is concerned, that millionaires make this a part of their regimen.
For example, at the recent Money 20/20 convention in Las Vegas, Orum founder and CEO Stephany Kirkpatrick shared how taking on the top role for the first time required her to gather and consult great team members to answer her many questions and help her overcome imposter syndrome. It paid off. She previously said the company had raised $85 million.
Always learn
Sharpening your learning curve can only increase your prospects. On a strictly educational level, the U.S. Bureau of Labor Statistics reports that the median earnings of those 25 and older with a master’s degree were roughly twice as much per week ($1,737) than workers with a high school diploma ($899) in 2023. Higher earnings can also afford a worker to invest more and yield higher compound gains over time.
Diversify your portfolio by investing in art
When it comes to investing, a diversified portfolio can lead to better returns. Masterworks' art investing platform has turned a previously inaccessible asset class into an actual option for individual investors. Think of artists like Banksy, Monet or Warhol. Get priority access and skip the waitlist here.
Skip the waitlistLive healthy
The correlations between health and wealth may not seem obvious, but Rose lays them out as follows: more energy means higher productivity. He cited a statistic from CPA and author Tom Corley, who has studied the habits of the wealthy. Corley says that 76% of millionaires work out at least 30 minutes, four days a week. Rose also shared how his father and grandfather passed away from heart attacks in their 60s, which moved him to value the gift of life.
Review your goals constantly
As life circumstances change, it pays to review how your goals align with your resources and realism. For Rose, “This was the big one.”
He compared it to making a New Year’s resolution, and how few people seem to maintain them over the course of a year. It can be difficult to stick with a plan if you don’t check in once in a while — that goes for both personal and financial goals.
This 2 minute move could knock $500/year off your car insurance in 2024
OfficialCarInsurance.com lets you compare quotes from trusted brands, such as Progressive, Allstate and GEICO to make sure you're getting the best deal.
You can switch to a more affordable auto insurance option in 2 minutes by providing some information about yourself and your vehicle and choosing from their tailor-made results. Find offers as low as $29 a month.