I work with rich CEOs — multi-millionaires all share these same 6 habits
A personal brand expert who has spent time with some of the world's wealthiest people says multi-millionaires all have the same six habits.
Kelly Lundberg, 44, revealed the half-dozen practices in an interview with the Daily Mail, saying they're followed by both self-made success stories and scions eager to continue adding to their inherited wealth.
'They've carved out success through habits, discipline and mindset,' the Dubai-based businesswoman asserted.
First, she revealed that the uber-wealthy are all lifelong learners.
'It's not just about consuming new information, it's often about revisiting old books and ideas,' Lundberg explained, saying rich people 'go deeper, not wider.'
'Many millionaires reread key books multiple times. Why? Because it shifts their focus from information hoarding to implementation,' she declared.
Secondly, millionaires spend their time wisely, often outsourcing menial tasks that don't help them build wealth.
Cooking and cleaning are two examples provided by Lundberg.
'It isn't because they feel 'too good' to do [these things], but because they've realized their time could be better spent growing their business or supporting their wellbeing so they don't get burnout,' the guru dished.
Meanwhile, multi-millionaires constantly pay attention to their social networks, looking for people who could help inspire them.
'The entrepreneurs who I see leading successful businesses surround themselves with ambitious, successful people, as they not only naturally raise your standards, but they can open doors you may never have access to otherwise,' Lundberg asserted.
Another habit shared by the rich: Practicing discipline.
Lundberg explained that the wealthy often stick to strict routines and carry them out even if they feel like they don't want to.
'When you treat discipline like a skill and systems like your secret weapon, everything becomes easier and success more sustainable,' the maven said.
Similarly, Lunderg has noticed that all millionaires take their health seriously.
'Poor health doesn't just cost money, it can limit your ability to earn in the long term, especially if you are the business,' she said.
'More than that, the clarity, confidence and endorphins you get from taking care of yourself physically carry into every business decision and opportunity,' the branding expert added, asserting that health really does equal wealth.
Finally, the sixth habit shared by all successful multi-millionaires: investing in appreciating assets.
Lundberg believes that rich people are often prudent about their finances, and don't usually waste money on frivolous things that decline in value.
Rather than splash out on a flashy car or handbag in an attempt to emulate the wealthy, instead implement these six habits.
'Track your net worth, not your outfit value,' Lundberg urged.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
UPI
19 minutes ago
- UPI
Amazon to close China-based AI research lab
In 2015, 2015, Amazon was trying to attract consumers in China. Now the Shanghai-based Amazon Web Services announced job layoffs last week as the e-commerce conglomerate shutters its artificial intelligence and development wing in China. File Photo by Stephen Shaver/UPI | License Photo July 23 (UPI) -- Amazon will shut down its AI research lab in a cost-cutting move as tensions flare with China and as other global companies seek to leave the nation because of Chinese influence. The Shanghai-based Amazon Web Services announced job layoffs last week while as the conglomerate shutters its artificial intelligence and development wing. The closures were first reported by The Financial Times. It was due to "strategic adjustments amid U.S.-China tensions," an applied scientist at the lab, Wang Minjie, wrote on WeChat early this week as Amazon disbanded the team. It was not immediately clear how many people or jobs were affected. The Shanghai facility was established in 2018 to focus on areas such as machine learning and processing natural language. In a statement, company spokesman Brad Glasser said Amazon "made the difficult business decision to eliminate some roles across particular teams" in its AWS division. Meanwhile, a growing number of American corporate giants, like Microsoft and IBM, have opted to either downsize or end operations in China as geopolitical tensions rise exasperated by U.S. President Donald Trump's fluctuating tariff policies. It came the same day McKinsey & Company, a large U.S. defense contractor, also revealed it was pulling back its own AI base in China as companies look to other nations such as India. About 300 India-based Chinese workers at FoxConn, Apple's main iPhone producer, were ordered to return home earlier this month by Chinese authorities as Apple looks elsewhere, too, for its business operations. Amazon has been actively retreating from China in recent years, going so far in 2019 to shut down the e-commerce giant's Chinese marketplace.
Yahoo
31 minutes ago
- Yahoo
Archax to Acquire Deutsche Digital Assets, Expanding Crypto ETP Reach in Europe
UK-based digital asset exchange Archax is set to acquire Deutsche Digital Assets (DDA), a regulated crypto asset manager in Germany, in a move that strengthens its footprint in Europe's two largest financial markets. DDA manages around $70 million in assets and specializes in crypto exchange-traded products (ETPs) distributed through a network of European banks and asset managers. The deal gives Archax new licenses under Germany's BaFin, including permissions for portfolio management and investment advisory—key capabilities for serving institutional clients in the EU. This acquisition builds on Archax's 2023 purchase of Spanish broker KSCM. With the DDA deal, Archax now holds regulatory approvals in the UK, Germany, France and Spain, allowing it to operate across much of Europe's fragmented digital asset landscape. While the UK only recently opened the door to crypto ETPs for professional investors, Germany has had a head start. Archax now gains access to a market already accustomed to these products, along with the regulatory permissions to issue and distribute them. The timing may prove important as market demand for tokenized assets and regulated digital instruments grows amid geopolitical uncertainty. Archax also offers tokenized real-world assets—such as private equity or real estate—alongside its crypto offerings, positioning itself as a bridge between traditional finance and blockchain infrastructure. Archax CEO Graham Rodford said the deal positions his firm as one of the most comprehensively licensed digital asset firms in Europe. DDA managing partner Maximilian Lautenschläger described the move as a natural fit that opens new market channels on both sides of the channel. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
New York Post
an hour ago
- New York Post
Gowanus is getting a $25K/month rental
The low-slung industrial buildings that once defined Brooklyn's Gowanus are disappearing. In their place: $25,000-a-month rentals. The rezoned neighborhood's newest luxury condominium is coming on the market this month. 544 Carroll, developed by the real estate investment firm Avery Hall, is meeting what it says is growing demand for spacious, luxury condos among the brownstones of Brooklyn. The 17-story development, located at the border of Gowanus and Park Slope, is made up of 133 units, including two floors of penthouses and one extra-pricey duplex. 7 A rendering of the soon-to-be launched 544 Carroll. Courtesy of Avery Hall 7 The 175-foot-tall development enjoys far-reaching views across the otherwise low-lying Gowanus. Courtesy of Avery Hall The 2,500-square-foot duplex at 544 Carroll will be the largest advertised rental on the Gowanus market, according to StreetEasy — and the most expensive. The $25,000-a-month unit beats out the neighborhood's current highest rental price by an excess of $13,500. Located across the sixth and seventh floors, the residence includes four bedrooms and 1,082 square feet of outdoor space. The rest of the one-, two- and three-bedroom units in the building range in price from $4,700 for the smallest one-bedroom to $15,000 for a premium three-bed penthouse. A quarter of the apartments are designated as permanently affordable. In addition to luxurious touches throughout the units, like marble countertops and walk-in closets, the 175-foot-tall building prioritizes spaciousness. Its smallest units are a sizable 630 square feet, and every two-bedroom comes with two bathrooms to match. 7 A rendering of a unit at 544 Carroll, featuring large windows and a sleek kitchen. Courtesy of Avery Hall 7 Some units in the building enjoy free-standing tubs and double vanities. Courtesy of Avery Hall Jesse Wark and Brian Ezra, founding partners of the Gowanus-based Avery Hall, told The Post that despite rapid housing growth in the area, current layouts neglect those looking for extra elbow room. 'I think most people would not recognize these as New York rentals,' Wark said. 'Given the space, you can fit a dining table in your one-bedroom along with your living room. These things are not standard in the market.' Gowanus has room to grow, and renters want to enjoy it. The firm cited a growing renter-by-choice demographic made up of high-earning New Yorkers who prefer the flexibility of renting to home ownership, whether due to the transient nature of their jobs, languishing high mortgage rates or ongoing economic uncertainty. In addition to large two-bedrooms and lofty duplexes, the building offers the gamut of luxe condo amenities, including a dedicated pilates studio, a cave-centric children's play area, a pet spa and a private dining room. 7 A rendering of the children's playroom. Courtesy of Avery Hall 7 The sun-drenched lobby at 544 Carroll. Courtesy of Avery Hall 7 A pilates room is located inside the building's fitness studio. Courtesy of Avery Hall 544 Carroll represents another step in the Gowanus's snappy transformation. Where gritty warehouses and an odorous canal once defined the neighborhood, kitschy axe throwing bars, art studios and a Whole Foods now dot its landscape. In May, the real estate analytics company Marketproof tracked 141 residential projects with roughly 6,700 new units currently under development in Gowanus, Brick Underground reported. But the Manhattan-like rents at 544 Carroll are tied to the building's dual identity — situated on Carroll Street and Fourth Avenue, it's just a crosswalk away from pricey Park Slope. While Gowanus has undergone massive changes, Ezra told The Post that the firm would not have built a project like 544 Carroll anywhere else in the neighborhood. Gowanus' rebirth and Park Slope's established amenities made it possible. 'It's the combination of tapping into that new energy and also harnessing this existing, beautiful, super strong neighborhood in Park Slope that created this unique opportunity,' Ezra said. 'It will be a part of both communities,' Wark added.
