Tips to become a millionaire

1. 11 self-made millionaires reveal
the best advice they ever got
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If you’re looking for the top advice on life and business, look no further.
These millionaires and "Advisors" in ​The Oracles​ have had some
super-smart mentors; so we asked them for the best advice they’ve ever
received. Here’s what they told us — and how it led to their success
1. “You’ll never succeed without me.”
The best (and worst) advice I ever received came in the form of an insult
from my long-term boyfriend and business partner. He dumped me for my
secretary, and said this to me as he was leaving. I knew I would rather die
than let him see me fail! His sage advice made me more determined to
become a big success, and I worked harder than ever to prove him wrong.
An insult is advice in reverse — and almost always proves to be the best
advice you’ll ever hear. ​—​Barbara Corcoran​, founder of The Corcoran
Group, podcast host of “​Business Unusual​,” and Shark on “​Shark Tank​.”

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2. “Become an expert at something.”
Ever since my college professor gave me this advice, I’ve applied it to
almost everything I do. Personally, I focus on being an expert at leadership,
entrepreneurship, product innovation, and parenting. Professionally, I
created Bluemercury to be the experts at beauty advice.

3. To make that happen, we needed the most knowledgeable staff in the
industry. When we started the business in 1999, most industry employees
were only given part-time work — and none during the low season.
So we asked ourselves: What if we gave our staff full-time work, benefits,
leadership and management training, and a career path? Industry veterans
said this would never work, but we did it anyway.
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As a result, we retained our employees’ expertise, customer relationships,
and loyalty. Our people are still the key to our success today. ​—Marla Beck,
co-founder and CEO of​ Bluemercury​, which was acquired by Macy’s for
$210 million; creator of​ M-61 Skincare​ and ​Lune+Aster​ cosmetics.
3. “Would you rather be a 30-year-old Navy SEAL or a
30-year-old CPA?”

4. When I was 24, I was a CPA and MBA student who wanted to become a
Navy SEAL. But I wondered: Could I throw it all away for a dangerous
career?
The Navy required a six-year commitment even if I wasn’t accepted into the
SEALs — which is notoriously difficult. When I shared those concerns with
my mentor, Jeff Schafer, he asked how old I would be at the end of the
commitment. Then he asked: “Would you rather be a 30-year-old Navy
SEAL or a 30-year-old CPA? Because either way, you’ll still be 30 in six
years.” With that perspective, I went for it and had a long career as a SEAL.
No matter how long it takes to reach your goal — or how scary and difficult
it seems — that time will pass anyway.

5. Would you rather have regrets or know you gave it your best shot? ​—​Mark
Divine​, retired U.S. Navy SEAL commander, New York Times/Wall Street
Journal ​bestselling author​, and founder of ​Unbeatable Mind​ and
SEALFIT​; follow Unbeatable Mind on​ Facebook,​ Instagram​, or​ YouTube
4. “All events in your life are neutral until you label them.” ​During
my recovery from ​a near-death cycling accident​, I struggled with many “life
isn’t fair” moments. Instead of feeling grateful to be alive, I was bitter and
angry.

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At 33 years old, I thought I was at the prime of my life and worried who I
would become after I recovered. When I unloaded my frustrations on a
mentor, he told me, “All events in your life are neutral until you label them.
Nothing has meaning until you give it meaning.”
This shifted my perspective and showed me the possibilities. Even though
things looked dark and difficult, I had a choice. I could be a victim or use
the opportunity to create a better version of myself and inspire others.

7. That advice helped me reach the corporate executive suite and now helps
me inspire other corporate leaders to shift their perspectives and see the
possibilities. ​—Michael O’Brien, executive business coach, author of ​“Shift:
Creating Better Tomorrows​,” and founder of ​Peloton Coaching and
Consulting ​and ​The Pace Line Leadership Academy​; read ​Michael’s story
and connect with him on ​Facebook​ and​ LinkedIn​.
5. “You’re only as good as the people you surround yourself
with.”
I was in my late 20s and had started a new role as a supervising producer at
Getty Images when my friend and mentor, Dave Adelson, gave me this
advice.

8. Up to that point, I often had difficulty sharing the workload and tackled
most tasks by myself. It wasn’t that I enjoyed taking on so much, but I
didn’t always trust others to perform tasks as well as I would. Dave taught
me that while you may be able to accomplish success by yourself for a
while, it’s essential to delegate to reliable team members if you’re in it for
the long term.
To truly achieve personal and professional growth, you must share the
responsibility with others you can trust, which is what we’ve done at Manly
Bands. —Johnathan Ruggiero, co-founder and CEO of wedding band
company ​Manly Bands​; ​read Johnathan’s story​ and connect with him on
LinkedIn

9. 6. “Do the best job you can at everything you do. The result is not
your responsibility.”
The man who said these words founded the entrepreneurship school at my
college, which is where I first heard this advice. But it took me a while to
truly understand and appreciate it. First, I had to experience many
successes — and, more importantly, failures.
All you can do is your best. It doesn’t matter if something in the world
changes. Someone may take your job, a competitor may come out with a
better product, or someone may wrong you. Beating yourself up because
things didn’t turn out like you wanted won’t help.

10. Learn from the experience, focus on what you can control, do your best in
everything you do, and don’t worry about the results. Eventually, you’ll
create a great life.​ —​Matt Clark​, co-founder and chairman of​ Amazing.com
and co-creator of ​Amazing Selling Machine;​ connect with Matt on
Instagram​.
7. Be patient and persistent.
My uncle taught me the importance of persistence and patience. My day
trading career required both of these qualities. Everyone thinks they’re
going to become a millionaire after a weekend course, but trading is a skill
you have to develop. It took me several years to achieve consistency.
Similarly, it took time for my travel blog, WanderingTrader, to gain
traction. When Google’s algorithm
changed and its popularity took a nosedive, I asked my uncle if I should
quit. He told me to stick with it, so I did. At its peak, it was one of the most
popular travel blogs in the world. Too often we look for immediate results,
but anything of value takes time.

11. As they say, “If at first you don’t succeed, try, try again.” —Marcello
Arrambide, founder of ​Day Trading Academy ​and co-founder of
SpeedUpTrader,​ a funding company for aspiring day traders; connect with
Marcello on​ Instagram​ and ​LinkedIn
8. “The best products and businesses exist to reduce friction.”
Serial entrepreneur Dave Perry gave me this simple advice, and it changed
the way I look at business and technology. Modern life is increasingly
complex, driven by much of the technology we engage with daily. Dave’s
words remind me to look for ways to counteract that. Deliberately seek out
what’s causing friction for your customers and improve it. It doesn’t have to
be revolutionary.

12. Make their lives easier, and they’ll love you for it. —​Luke Freiler, CEO and
co-founder of​ Centercode​, a Customer Validation solutions provider that
helps hundreds of enterprises and high-growth tech companies bring
dynamic and delightful products to market; connect with Luke on
LinkedIn​.
9. “There is abundance for everyone. You just need to dive in and
grab it.”

13. Several years ago, I felt lost about how to reach my goals. My boss at the
time inspired me; while she was busy and successful, she was also carefree
and had everything under control.
We were discussing climbing the corporate ladder as a woman, and she said
something like, “There is abundance out there for everyone. They just need
to dive in and grab it!” That made me realize that I could find abundance
too.
Today, as our company is becoming successful, I know that I don’t have to
feel guilty about it — because there is opportunity for everyone. ​—​Michelle
Luchese​, co-founder and chief product officer of wedding band company
Manly Bands​; read ​Michelle’s story​ and connect with her on​ LinkedIn​.
10. If you have time and energy for the work you’re meant to do,
there’s no such thing as ‘too much.’
When I was 29 years old, business was going really well. I was making more
money than I ever dreamed, but my relationships and quality of life
suffered, and I had stopped all my hobbies.

14. I knew something had to change; so I sought answers at an event called
Mastermind Talks, where I befriended Dandapani, an entrepreneur, Hindu
priest, and former monk. I asked him: “Things are going pretty well, but
how do I know how much is too much?” He told me there is no single
answer, and as long as I had time and energy to do the work I’m meant to
do, there is no such thing as “too much” money or a company that’s “too
big.”
But the minute this takes away from what energizes me, it’s too much. After
that conversation, I taught myself when to say yes and how to say no
confidently. —​Jonathan Goodman, founder of the​ Personal Trainer
Development Center ​and the first-ever certification for online fitness
training, the​ Online Trainer Academy​; connect with Jonathan on
Facebook​ and​ Instagram​.

15. 11. “Stay the course.”
My mentor, the bestselling author Dr. George C. Fraser, said these words to
me when I had just decided to become an entrepreneur. Three words in
three seconds and my understanding instantly expanded. Over the past 12
years, I’ve helped 7,500 students create $260 million in revenue, and this is
the one consistent piece of wisdom that I pass down to them.
When you’re new to entrepreneurship, three things can quickly and easily
knock you off your path: Doing business alone, without mentorship and
coaching. Doing business alone, without mastermind partners and
collaborations. And finally, doing business with shiny-object syndrome,
where you let every new idea that blows through your market throw you off
your goals. Stay the course. Stay on course.