Do you invest consistently? Have a part-time job? Are you persistent? Decisive?
If so, you could be on track to become a millionaire. Of course, everyone’s situation is different, but if these routines, habits and personality traits describe you, you’re doing something right.
Here are 11 signs you could be on your way to striking it rich.
1. You have multiple streams of income
As author Thomas C. Corley found in his five-year study of self-made millionaires, the rich “do not rely on one singular source of income,” he writes in “Change Your Habits, Change Your Life.”
“Sixty-five percent had at least three streams of income that they created prior to making their first million dollars,” Corley says, such as real-estate rentals, a side hustle or a part-time job.
2. You save to invest
“Investing money is how you will get super rich,” says self-made millionaire Grant Cardone. “The only reason to save money is to one day invest money.”
In fact, how much you save and invest is oftentimes more important than than the size of your paycheck. As personal finance expert Ramit Sethi writes in “I Will Teach You to Be Rich”: “On average, millionaires invest 20 percent of their household income each year. Their wealth isn’t measured by the amount they make each year, but by how they’ve saved and invested over time.”
3. You surround yourself with high-achieving people
“You are only as successful as those you frequently associate with,” Corley says.
Steve Siebold, self-made millionaire and author of “How Rich People Think,” agrees. “In most cases, your net worth mirrors the level of your closest friends,” he writes on Business Insider. “We become like the people we associate with, and that’s why winners are attracted to winners.”
4. You are decisive
After studying over 500 millionaires, journalist and author Napoleon Hill found that they’re decisive. As he writes in his 1937 personal finance classic, “Think and Grow Rich”: “Analysis of several hundred people who had accumulated fortunes well beyond the million dollar mark disclosed the fact that every one of them had the habit of reaching decisions promptly.
“Those who reach decisions promptly and definitely know what they want, and generally get it.”
5. You are open-minded
“The person with a ‘closed’ mind on any subject seldom gets ahead,” writes Hill.
On the flip side, the wealthiest, most successful people are constantly seeking feedback and looking for ways to improve. That’s why so many business leaders, including billionaire Richard Branson, claim to have never “made it,” despite their wild success.
6. You have specific goals for your money
If you know exactly what you want, you’re one step closer to achieving whatever it is you’re aiming for.
Most self-made millionaires plan to get rich and then make it happen, Corley’s research finds. Eighty percent of the wealthy are “obsessed with pursuing goals,” both daily and long-term, he writes.
7. You are persistent
“Most of us are good ‘starters’ but poor ‘finishers’ of everything we begin,” Hill writes in “Think and Grow Rich.” The majority of people “are prone to give up at the first signs of defeat,” he says, but not the rich, who don’t stop until they get what they want.
“If the first plan which you adopt does not work successfully, replace it with a new plan; if this new plan fails to work, replace it in turn with still another, and so on, until you find a plan which does work,” says Hill.
8. You talk about ideas, not things
“Millionaires are creative,” says Keith Cameron Smith, author of “The Top 10 Distinctions Between Millionaires and the Middle Class.” “They spend time thinking about new ideas.”
While the masses talk about cars and movies, millionaires own the car companies and produce the movies. They understand that “ideas are the most valuable asset in the world,” Smith says.
9. You prefer books
The rich “would rather be educated than entertained,” Siebold writes in “How Rich People Think.”
They appreciate the power of learning long after college or any formal education is over, he explains: “Walk into a wealthy person’s home and one of the first things you’ll see is an extensive library of books they’ve used to educate themselves on how to become more successful. The middle class reads novels, tabloids, and entertainment magazines.”
10. You are comfortable taking calculated risks
While the middle class lives in fear of risking too much, millionaires know when to go for it, says Smith.
This isn’t to say they rich are naturally fearless and take risks blindly, he notes: “Millionaires overcome fear with knowledge. Millionaires educate themselves before taking risks, and then they consider the consequences of failing.”
11. You think big
If you set your expectations exceptionally high and are up for any challenge, you’re on the right track. After all, “no one would ever strike it rich and live their dreams without huge expectations,” Siebold writes.
This post originally appeared on CNBC