5 Habits To Become a Millionaire in Your 20’s

Summary

• Becoming a millionaire by my mid-20s taught me the importance of building successful habits early on.
• Waking up early, like before 6 a.m., allows you to create more time in your day; it's not about the exact time, but having uninterrupted focus time.
• The practice of walk or workout breaks, which I call the "split shift," can sustain your energy throughout a long work day. Alternate between physical and mental energy to stay refreshed.
• At age 23, I realized splitting my day with exercise helped increase my productivity, especially when I founded Gym Launch.
• Encourage others to adopt similar strategies for energy management, such as walking meetings, to enhance overall team productivity.
• Pruning your circle is crucial; assess how people affect you in various areas of your life. Continuously adjust your social circle as your vision for your life grows.
• Learning from others' mistakes is a shortcut to success. Adopting the beliefs, lessons, and turning points of those more successful can accelerate your progress.
• A mentor emphasized the importance of people in business; embracing this led to my success in effectively managing and prioritizing people within my company.
• Don't take failure personally. View it as a chance to try something new immediately, rather than dwelling on past mistakes that hinder progress.
• Quickly moving on from failures and trying new strategies without focusing on sunk costs enabled me to scale operations, like transitioning from in-person gym launches to licensing products.

Video

How To Take Action

I would suggest implementing a morning routine that starts early. You don't have to wake up at 4 a.m., but getting up before 6 can give you extra focus time. Use these quiet hours to work on important tasks without distractions.

A good way to keep your energy up is the "split shift." When you feel tired, take a walk or do a quick workout. This helps switch between using your physical and mental energy, and it keeps you fresh for the whole day.

You should assess your friendships. Think about if your friends help you get better in areas like money, health, and happiness. If they don't, it might be time to make new friends who share your goals and can help you grow.

Learn from what other people do wrong so you can do better yourself. Find someone who's done what you want to do and copy their good habits and lessons. This can save you time and help you move faster towards your goals.

Finally, don't get stuck on failures. If something doesn't work out, don't waste time feeling bad. Try a new way to solve the problem right away. This quick thinking can help you find better ways to do things and grow your business faster.

Quotes

"Getting up before 6 a.m is a habit that a lot of successful people have"

– Leila Hormozi

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"Create space that has uninterrupted time where you can actually focus and people aren't trying to take energy from you"

– Leila Hormozi

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"The best split shift that I ever had was when I started gym launch"

– Leila Hormozi

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"You become who you hang out with"

– Leila Hormozi

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"The only difference between humans and animals is that humans can learn from others mistakes"

– Leila Hormozi