Some people – Ben Franklin and Steve Jobs jump to my mind – seem born for success. But don’t think the same can’t be said about you.
While we can’t all have our faces on the $100 bill, we can all certainly make our own success. That may not mean earning millions, but it can mean having a pretty darn good life with plenty of cash in the bank to see you until the end of your days.
How do you become successful? It’s simple. You follow the lead of others who already have it made. You see, most successful people share common traits, and they’re really not that hard to duplicate in our own lives.
Watch the video below as Money Talks News finance expert Stacy Johnson shares the traits successful people have in common. Then keep reading to learn more.
You can spend your whole life meandering about, waiting for a job to fall in your lap or that golden opportunity to arrive gift wrapped at your front door. But you’ll be waiting a long time, my friend.
Successful people don’t wait for life to happen to them. They have a plan for how they want their life to pan out. Then, they set goals for how to make that plan a reality.
We like this quote attributed to Henry Ford: “Nothing is particularly hard if you divide it into small jobs.” It’s a reminder that breaking down those big goals into bite-size pieces can pave the way for success.
Thomas Edison is famously said to have failed 1,000 times before inventing the light bulb.
Whether that figure is inflated is irrelevant; the point is clear. People who are successful fail, fail and fail again before they succeed. Abraham Lincoln endured a string of political failures prior to reaching the presidency. Before he became a bestselling novelist, Stephen King was rejected by publishers time after time after time.
Successful people don’t pack up their toys and head home the first time something doesn’t go their way. Instead, they keep plugging along, and that persistence helps them find success eventually.
For successful people, learning doesn’t end with their formal education. Most understand they don’t possess all the secrets to the universe and strive to become lifelong learners.
Albert Einstein reportedly said, “It is not that I’m so smart. But I stay with the questions much longer.” Assuming Einstein actually did say that, he might have been a little too modest about his intellectual abilities. However, he makes a good point about success.
Although some wildly successful people are natural brainiacs, most possess the same gray matter as the rest of us. They simply recognize there is more to learn, and that knowledge gives them the tools and resources needed to reach their goals.
Along those same lines, let’s take a moment to hear from Socrates: “I am the wisest man alive, for I know one thing and that is that I know nothing.”
Socrates may have been speaking on the importance of continual learning, but he also offers a reminder on the importance of self-awareness.
The people who find success are the ones who know who they are. They know their abilities and their limitations. As a result, they can focus on where they excel and then surround themselves with people or resources to fill in the gaps where they don’t.
No guts, no glory, right? Some of the world’s biggest successes have come from taking risks.
When iPhones were introduced, they were a significant risk for Apple. It was a risk for Oprah Winfrey to dump her successful syndicated talk show in favor of starting a cable network. Entrepreneur Richard Branson has made risk-taking his ticket to success even though he had at least 14 failed businesses along the way.
However, these risk-takers aren’t making dumb moves. The risks they take are calculated and when they fail – as in Branson’s case – successful people take the time to learn from their own mistakes.
6. Quick-thinking and decisive
Slow and steady may have won the race for the turtle, but it’s not a particularly good strategy when it comes to success.
A lot has been written about how the model of business success is moving from one of stability to transient competitive advantages. In fact, 81 percent of consumer products executives told EY (formerly known as Ernst & Young) that faster decision-making was of critical importance.
However, being decisive is important outside the business world as well. If you stall for years while trying to decide whether to move your family, change careers or go back to school, you lose precious time that could have been used to build up your success. Instead, make your decisions promptly and move forward without looking back.
7. Good communicators
Successful people are also good communicators.
From Frederick Douglass speaking out against slavery to Marissa Mayer laying out a new path for Yahoo, successful people are able to articulate their ideas clearly.
If you’re worried that you’re not an effective communicator, take heart. Even Warren Buffett was at one time terrified of public speaking.
Some people simply ooze enthusiasm. You spend a little time with them, and you find yourself as geeked about their project as they are.
Enthusiastic people create success because they’re passionate. They love what they’re doing, and we all naturally gravitate toward those who radiate excitement and self-confidence.
Then, rather than working alone, this enthusiastic person has garnered a whole tribe of people working toward the same goal or at least cheering them on.
The most successful people among us are the ones who can keep themselves focused and on task, a fact underscored by the number of high achievers who rise each day long before the sun.
Part of their commitment to self-discipline is accountability. Successful people realize, at the end of the day, they alone are responsible for their accomplishments – or failures.
In other words, they have taken Plato’s words to heart: “The first and best victory is to conquer self.”
Finally, perhaps the most important characteristic of successful people is that they work hard.
The 2013 U.S. Trust Insights on Wealth and Worth study found that most wealthy individuals report being self-made. The study surveyed individuals with investable assets of at least $3 million and discovered that only 22 percent said they grew up in affluent households. That means most financially successfully people didn’t have their money handed to them; they likely worked hard for it.
If you aren’t willing to put in the hours and make some sacrifices, you might as well get accustomed to mediocrity. The best things in life – whether it’s money in the bank or a great relationship with your spouse or child – typically come only with significant effort.
What other characteristics do you think define super-successful people? Tell us in the comments below or on our Facebook page.
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