Donald Trump and Anthony Robbins both say that you should study wealth and success like you would have studied anything else in school. So I spent some time studying and have assembled my notes into this article - a recipe for success.
I have taken the combined wisdom of a lot of people: Napoleon Hill, Robert Kiyosaki, Donald Trump, and Anthony Robbins. They each tell us a few pieces. Put them together, and you have a Picasso.
This is the concentrated version of everything I have learned about success so far. If you are on the way up, you may have discovered one or two of these already. And you may know of one or two that I’m missing.
- Have multiple projects. Donald Trump says that you should have ten deals in the air at all times. You should be focusing on your top two or three, but you should be juggling the others too. It doesn’t mean you have to work at each of these every day. It just means the project should be in progress with some defined next action.
- Keep making progress on your projects. This is essential– you must maintain your momentum. In his book, How To Get Rich, Donald Trump talks about William Levitt as an example of why you must keep momentum. Using a philosophy like David Allen’s “Getting Things Done” to organize your projects and keep defining your next action helps for me. Getting Things Done will help you collect and take next actions on things. As long as you have a next action that is possible, defined, and in the works, you will make progress.
- Never give up. Don’t take the results of your projects personally. Failure is bound to happen. Think of it like throwing rocks at a window: if you do it right, one will eventually break through! Whatever happens with it, you must remember that it is just one thing up in the air. You must take the next action, look at the result, and then evaluate it and determine your next action.
- But– just as importantly– you must be evaluating things to check whether you are approaching your goals. What you’re looking for is a real evaluation of profitability, trends, data, and what you can be doing differently. Is Tuesday your heavy day? Plan your editorial calendar around it. Polish the cannonball.
- Look for barriers to entry. Don’t set yourself up for failure. Warren Buffett’s value investing philosophy has you looking for wide moat companies– ones with a sustainable competitive advantage. So if you were going to invest 100% of your future success on a company that you are starting, why step onto a bloody battlefield? If you want to start a business, do something that differentiates you from everyone else. Anything. Just something. Create your own niche. Sometimes crazy can be better.
- Meet the right people– and tell them what you’re doing. According to “The Millionaire Mind”, many wealthy people have said that their people skills helped them immensely. If you don’t know who you need to meet, you don’t know what you’re doing - so spend some time thinking about it. Figure it out. And make that a project. If you are tasteful and to the point - think Donald Trump with a twist of class - it won’t be bragging, it will be sharing. If no one knows you exist, how can they send opportunities your way?
- Make decisions. This is hard for a lot of people, including myself. But my time in the Navy gave me a lot of opportunities to react quickly, give orders, and make things happen. Ever started up a nuclear reactor? I have. And let me say that no matter how many times I did it, that complex evolution– much like any business venture– always took planning, consistent effort, a watchful eye, and lots of decison-making.
- Ask and you shall receive. (Or, you’ll never get what you want– unless you ask for it.) Whether it is a job, date, or a million dollars in venture capital, if you want to be successful, you need to find out who can give you what you want. Then get in touch with them, and ask for it. They might say yes; they might not. But you have no chance of getting it if you don’t ask. (Thanks to Amit Gupta for mentioning this one.)
Don’t stop just because it looks like there are obstacles. This is your brain trying to trick you. Yes, it is easier for most people to quit than to come up with half a million dollars of “creative” financing for a project– I am dealing with these same challenges myself– but you can’t take it personally. It is business. It isn’t personal.
For example: I was very interested in obtaining inexpensive warehouse space at a huge industrial park near my home for several projects. I read that it was available and that I just needed to put forth a proposal to get a deal on the space. So I made a call. I was told they’re not sure what they are going to do and they have hired a consultant who should have an answer by the end of the year. They said they’ll “call me”.
What would you do? Throw the idea out? Wait for them to call you? Not me, I have two new actions– (1) to follow up on the 20th of January, and (2) to look for other inexpensive space in the area that might work for my projects.

September 19th, 2005 at 12:42 pm
Ha! My favorite line in that whole passage:
“Ever started up a nuclear reactor? I have.”
THAT’S a statement you don’t hear everyday!
Goodluck, seems you’ve really got your foundation laid.
September 19th, 2005 at 1:16 pm
Thank you, my friend. And congratulations again on your arrival in Sunday’s New York Times!
September 25th, 2005 at 11:45 pm
Did you reach your 1st million?
you seem an energic guy and will do fine
great site - keep up the good work
October 11th, 2005 at 3:42 pm
Good article.
For someone who has many things going on, it’s good to refer to your wise words. We need to realize that in our busy world, the road to accomplishing many things is walked with small steps.
October 11th, 2005 at 11:29 pm
Thanks to all of you for the great comments. A few weeks have passed since the article. The key, I think, is to stay busy, stay focused, and work on things you enjoy. If you’re not happy with your work, the odds are you won’t get wealthy either.
March 20th, 2006 at 5:31 pm
SAME OLD SONG&DANCE!
IM SORRY, IT TAKES ALOT MORE THAN POSITIVE BRAINWASHING TO BE SUCCESSFUL IN THE REAL WORLD. I THINK ITS CALLED MONEY $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$. NO CAPITAL NO START UP BUSSINESS, BACK TO NO MONEY!! A VISCOUS CYCLE FOR US MIDDLE CLASS WORKERS. BUT OTHER THAN HARD WORK, NO REALLY HAS ANY GOOD ADVICE I HAVE FOUND.
July 26th, 2006 at 11:21 pm
I believe that primarily one could become a millionaire if he has multiple streams of income that means varied business activities to earn more money. Another is that one must earn passive income that means he earns money even if he does not exert effort in earning it. Another point is he must be able to take risk in investing in stocks though sometimes the index among the dough jones could sometimes get shaky. He must also live a frugal life that means earning more than he spends and if possible never lose money. He must be able to pay himself first that means he must be a savekaholic and he must spend only depending on his needs and not his wants. He must be able to invest his money in asset producing income and live a low profile life. He must be able to have the trait of delaying instant gratification and must be able to invest his money in stocks for at least five years. He must control his expenses and earn more. He must cioncentrate more in the Balance Sheet rather than the Income Statement and must be able treat his money as his employees so that it will provide him more income in the future. I believe the author has made a very good analysis on how to become a millionaire and every one must read the article.
September 16th, 2007 at 10:05 am
i would like to ask you a question about this, do i can be become be millionaire in the future ? i have to let you know tha im deaf woman,do i can be rich ? but how ?? you would like to help me, training and basic. thanks
sincerely,
rita cuscavage
February 22nd, 2008 at 9:46 pm
Hi,
I made some tests, to test if you think as a millionaire:
http://www.millionairetests.org
enjoy!
Ker
June 27th, 2008 at 2:56 pm
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