#BinanceSafetyInsights Learning to face unexpected challenges leads to more growth and success.... 👇
Throughout her career as a writer and host of the podcast "The Richer Road," Jamie Katmul, a personal finance expert with over 16 years of experience, has interviewed over 100 millionaires.
She said: "I started the podcast out of a desire to help people take more control of their money. My goal is to share advice from very successful people about how they deal with setbacks and overcome them with greater confidence."
She continued: "By getting to know entrepreneurs, executives, and industry leaders, I had the opportunity to see what sets them apart. These wealthy individuals have charisma and strong personalities, know how to delegate tasks, and have sharp focus. They don’t wait for anything, and certainly not luck, because they create their own success."
Here are 4 common habits among them all, according to CNBC:
They embrace failure
Richard Branson, founder of the Virgin Group, said that one of the most important lessons he learned during his career is: "You don’t learn to walk by following rules, but by practicing and stumbling."
Barbara Corcoran, a real estate expert, agreed, saying: "You have to learn not to doubt yourself." She often uses the mindset of "fake it till you make it" to overcome her biggest fears.
Similarly, Kim Kiyosaki, entrepreneur and co-founder of Rich Dad, recalled being fired from her first job at an advertising agency. At that moment, she realized she was not made to work for someone else and dedicated herself to building a career in real estate.
They have a high level of discipline
When asked about his secret, Jaspreet Singh, CEO of Praves Media, attributed his success to discipline.
He said: "It takes a lot of discipline to get up when you don't feel like it, to go to work before everyone else, to stay after everyone else, and to keep working when people say you’re working hard... but if you want a life that most people dream of, you can’t keep doing what most people do."
They don’t let their past define their future
Katmul met two self-made millionaires, Derek Fai, founder of 3F Management, and Lynette Khalfani Cox, known as "The Money Coach," who spoke candidly about their experiences overcoming adversity in their youth.
Fai said: "I grew up in Rhode Island... and suffered from extreme poverty and abuse. For a long time, I thought my childhood would define me as a victim. Then I discovered that the things I thought had destroyed me, once I accepted them, were able to redefine my character."
Khalfani Cox recalls: "My family was very poor during my childhood. My father was a shoeshiner, and my mother was a treasurer and a secretary. My parents had 5 daughters, and we always struggled financially."
Today, Fai runs a company that helps other entrepreneurs grow their businesses. Khalfani Cox dedicates her efforts to helping others achieve their financial success.
They face challenges head-on
Writer, financial expert, and self-made millionaire Suze Orman revealed that learning to face unexpected challenges can lead to more growth and success, even if it seems like an impossible task at that moment.
In 2020, Orman faced a serious health issue. She learned that she had a non-cancerous tumor growing in her spine for about 15 years. She was scared, but she knew that in order to feel better and recover, she had to adapt and take action. She didn’t let fear paralyze her; she faced her fears.
She explained: "Fear, shame, and anger are the three things that keep you from getting more."#BinanceLaunchpoolWCT