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What Self-Made Millionaires Do When Others Are Wasting Time on Social Media

What Self-Made Millionaires Do When Others Are Wasting Time on Social Media

“Time flies like an arrow; fruit flies like a banana.”
― Anthony G. Oettinger

Let’s face it, spending so much time on social media has its hazards. It is easy to say that doing so is an ideal way to relax your nerves and catch up with all the drama with what is happening with your “friends.” Yet many self-made millionaires understand why spending such time on social media may not be beneficial to their goals. Since time is such an important commodity, self-made millionaires will rather spend their time somewhere else.

They read

“Books have a unique way of stopping time in a particular moment and saying: Let’s not forget this.”
― Dave Eggers

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It is important that self-made millionaires continue building their reading skills. They know that reading remains a lifelong skill that will build and sharpen their minds to the world around them. Through reading they can build their verbal and comprehensive abilities. This is important to a self-made millionaire since he or she will be making pitches to investors, speaking to an audience every now and then and communicating their vision or goals to their team.

They connect with their friends and family

“One day spent with someone you love can change everything.”
― Mitch Albom

Self-made millionaires understand the importance of relationships. They are always busy building their businesses and careers and whatever time they have between that should be used to connect with their family and friends. Climbing the corporate ladder should not be engaging enough for you to neglect your family and genuine friends. Such relationships are vital to the success of a self-made millionaire as this affects an all-round outlook of his or her well-being.

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It goes beyond connecting passively, self-made millionaires actively connect with their family and friends.

They have hobbies

“Determine never to be idle. No person will have occasion to complain of the want of time, who never loses any. It is wonderful how much may be done, if we are always doing.”
― Thomas Jefferson

Yes, while many advise that the best route to success should be a fast tracked one, self-made millionaires try not to burn themselves out. Hobbies have a way of offering us a breath of fresh air to keep us grounded and relieve stress. It could also be an avenue to develop other life skills and networking opportunities.

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They network

“Being with you and not being with you is the only way I have to measure time.”
― Jorge Luis Borges

A lot of networking activities occur outside the realm of corporate hours. Instead of simply networking on social media, self-made millionaires go above the virtual into the real world of weekend breakfasts, cocktail hours, and after-hours gatherings for conversations. For them it is not about meeting people to land new sales or to find a new employee; rather, it is about talking to people and meeting people and partaking in exciting discussion that will propel more success.

The more people you have in your network, the more opportunities will emerge. Every self-made millionaire knows these.

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They learn something new

“Three o’clock is always too late or too early for anything you want to do.”
― Jean-Paul Sartre

Millionaires know that they don’t need to get stuck. Life is constantly changing and it is necessary for them to adapt to such changes by improving their knowledge and skills. Many think that education in a formal institution is what defines success. But self-made millionaires know that this assumption is wrong; success is about facing the real world and offering solutions to problems. To be fit for this, self-made millionaires move ahead by learning new skills or enrolling for professional classes.

There is no point in reducing their productivity or getting caught up in the endless drama that takes place on social media. Self-made millionaires are pursuing more success and doing well to attain it.

Featured photo credit: http://www.compfight.com via compfight.com

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Casey Imafidon

Specialized in motivation and personal growth, providing advice to make readers fulfilled and spurred on to achieve all that they desire in life.

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Last Updated on June 29, 2020

How Does Setting Goals Lead to Success?

How Does Setting Goals Lead to Success?

As well as being the founder of Lifehack, I also help people on a one-to-one basis through life coaching.

I’ve been doing this for more than 10 years now and have helped hundreds of clients reevaluate their lives and turn inertia into progress and failure into success.

A common theme I’ve noticed with many of my clients is that they don’t have any definite goals to aim towards.

This has always surprised me, as goal setting is frequently recommended by self-improvement gurus, performance coaches, and business leaders. It’s also something that I learned at university and have implemented successfully in my life ever since.

If you’re similar to the majority of my life coaching clients and you don’t have any definite goals to aim for, then you’re missing out on what is probably the most powerful personal success technique on the planet.

The good news is—you’ve come to the right place for help with this.

In this article, I’ll explain exactly what goal-setting is and how you can put it into action in your life. As you’ll discover, it’s a key that can open many doors for you.

An Introduction to Goal Setting

Goals can be big, small, short-term, long-term, essential, or desirable. But they all share one thing: They will give you something to aim for.

This is important. As just like a ship without a destination, if you have no goals, you’ll end drifting aimlessly.

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Goals give you purpose. They also give you drive and enthusiasm. In other words—they make you feel alive!

If you’ve never spent time setting goals before, then here’s what I recommend you to do:

  1. Take some time to evaluate all areas of your life (health, career, family, etc.).
  2. Determine which of these areas need a boost.
  3. Think of ways in which to achieve this (for example, if you want to boost your health, you could eat less and exercise more).
  4. Set some definite goals that you would like to achieve.
  5. Write down these goals, including the date you want to accomplish them by.

Now, before you get started on the above, I want to make one thing clear: Goals are not wishful thinking!

By this, I mean that while your goals should be ambitious, they shouldn’t be unrealistic or verging into fantasy land.

For example, wanting to be promoted at work would be a realistic goal while wanting to be President of the United States might not be. (Of course, feel free to prove me wrong!)

If you’re new to the world of goal setting, then I’d recommend you start with easy-to-achieve goals. These could be things such as eating a healthy breakfast, walking more, taking regular breaks from your screen, and sleeping early.

These simple goals might take you a month or so to achieve, including making the daily practices a habit.

Once you’ve successfully accomplished these goals, you’ll find your self-confidence grows, and you’ll be ready to set yourself some bigger goals.

Here are a few examples that you might want to choose or adapt to your personal circumstances:

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  • Run a marathon
  • Buy a new car
  • Learn a new language
  • Travel around the world
  • Change career
  • Retire early
  • Write a book

I’m sure you can think of many more things that you would like to achieve. As the famous Shakespeare line neatly states: “The world is your oyster!”

Now, the trick with big goals (as I’ll show in an example shortly) is to break them down into small, bite-sized chunks. This means you’ll have a big end goal, with smaller goals (sometimes referred to as objectives) helping you to gradually achieve your main aim.

When you do this, you’ll make big goals more achievable. Plus, you’ll have an easy way to track how far along the road to your goal you are at any given point in time.

Let’s see this in action…

Going from an Idea to a Global Success

Everything starts with an idea.

And there appears to be no shortage of good ideas in the world. But there is a shortage of people willing to put these ideas into action!

This is the essential step that will move you from being a dreamer to an achiever.

Back in 2005, when I first had the idea for Lifehack, I really only considered it to be a platform to record some of my productivity and self-improvement techniques. I’d developed these during my time at university and as a Software Engineer at Redhat.

However, based on the number of views and positive feedback I received on the first few articles, I quickly realized that Lifehack had the potential to be a popular and successful website—a site that could help transform the lives of people from all across the world.

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It was at that point that I decided to set some goals in place for Lifehack.

The way I did this was to set specific targets for different areas of the business:

  1. Number of articles published
  2. Amount of time spent writing and promoting the articles
  3. Number of new readers
  4. Number of new email subscribers
  5. Revenue generated from ads

For each of the above, I set weekly, monthly, and yearly targets. These targets were realistic but were also ambitious. In addition, I wrote down the necessary steps to take to achieve each target within the specified time frame.

This goal setting had a powerful impact on my motivation and energy levels. Because I could clearly see what needed to be done to achieve each goal, I found a purpose to my tasks that made them exciting to complete. Each small target achieved took me closer to accomplishing the bigger goals.

For example, my initial goals for writing articles were for just five a week, which equated to 20 per month and just over 100 per year. However, as I dedicated more and more time to Lifehack, I found I was able to exceed my initial goals.

This led me to increase the numbers. Of course, there’s a limit to how many articles one person can write. So when the readership began to exponentially increase, I started to hire other writers to help me out with the site’s content.

From my initial goal of just over 100 articles per year, I’ve used goal setting to help Lifehack publish more than 35,000 articles to date. This is now the largest collection of original self-development articles in the world.

And in terms of readership—this has skyrocketed from a few dozen in 2005 to several million in 2020.

And of course, I have many new goals for Lifehack, including expanding our range of online courses.

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My original goal has always remained the same though: To change people’s lives for the better.

Goal Setting Can Transform Your Life

If you haven’t yet experienced the incredible power of goal setting, then now’s the time to get started.

Build a definite picture of what you want to accomplish, break it down into small, achievable steps, and then start taking action!

You’ll be able to change all areas of your life using this method, including boosting your health, improving your relationships, and transforming your career. You may also want to use goal setting to start a new hobby or plot a path to a prosperous and peaceful retirement.

So please don’t wait for success to drop in your lap (which it is highly unlikely to do). Instead, decide on exactly what you want, then make a plan to get it. This is the secret to lifelong success.

Legendary motivational speaker and author Paul J. Meyer said it well:

“Goal setting is the most important aspect of all improvement and personal development plans. It is the key to all fulfillment and achievement.”

Final Thoughts

Now, let me leave you with five questions that will help you think about your future:

  1. What would you like to be doing in 3, 5, and 7 years?
  2. What things make you happiest?
  3. How can you share your knowledge and experience?
  4. Who can help you achieve your goals?
  5. What would you like to be your legacy?

Take plenty of time to think about these questions. When the answers come, you’ll be able to start building a picture of how you’d like your life to be—and what goals you need to set to make this picture a reality.

More Tips on Setting Goals

Featured photo credit: Jealous Weekends via unsplash.com

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