How New York Millionaires Live: 8 Essential Qualities of Successful People in America

A High Net Worth Individual (HNWI) is a person who has liquid financial assets worth approximately $1 million. According to the 2021 World Wealth Report, North America has overtaken Asia-Pacific as the 2020 leader in both population and HNWI wealth. The city with the most millionaires is New York, home to nearly a million millionaires. Entrepreneur.

Business consultant Marilisa Barbieri worked in the luxury design industry for over 10 years, building relationships with wealthy clients across North America and New York. During this time, she discovered eight things that all of her clients had in common.

Next, we retell her column in the first person.

1. They spend time with impressive people.

I noticed that all my clients surround themselves with people who energize and support them. They have a powerful net that lifts them higher. They make it their priority to spend more time with purposeful people and like-minded people.

Correctly said: your future depends on who you spend the most time with. If you spend most of your time with people who have no ambition, you will also never reach your goals. If you spend most of your time with those who are goal oriented and work hard to achieve their goals, you will be captivated by their energy and will be a positive influence on them.

Remind yourself to spend time with the right people.

2. They separate emotions from business.

During business negotiations, my clients are deliberately objective. They are aware of their emotions and how their emotions can be perceived. If they don't feel 100% comfortable in a negotiation, they take their time. Or asking a third party to negotiate for them.

Emotions cannot be excluded from negotiations. However, they can be recognized - both in ourselves and in others. One of the best ways to train your mind to separate your emotional self from your business is to do it consciously. Once you decide that this is the path you want to take, try to be as objective as possible.

On the subject: Success story: how a homeless immigrant became a New York millionaire

3. They manage their time effectively

People in the top 1% consider every minute precious and do not waste it on something that does not add any value to their lives. Time is the ultimate luxury. And wealthy people are very selective when it comes to deciding where and with whom to spend their time.

Time management plays an important role in our daily life. So getting to know basic time management tips can work wonders.

4. They view fear as an opportunity.

One thing that always amazes me is how my clients handle the uncertainty of their new ventures. They have mastered a way to deal with stress and unpredictability in their unconventional decisions. They achieved this level of self-confidence by seeing fear as an opportunity for personal growth. Either they win or they learn.

Opportunities are everywhere, but you must seize them without fear. Most people don't take action because they're afraid of losing. Even if you fail, you will eventually learn something. Each option has its pros and very few cons.

5. They know how to keep their word

Those in the top 1% put their reputation first. They do what they say. They are consistent, act with integrity, help others achieve their goals, and go above and beyond.

Making commitments is easy, but keeping commitments isn't for everyone. Build trust and maintain your reputation by under-promising and over-delivering.

6. They take care of themselves

Taking care of yourself is a big job. And rich people know that no one else can effectively do this for them. They care about others and worry about them and with them. But in the end, they realize that worrying about others cannot solve their problems.

Knowing how to worry about yourself and not about others is not selfishness. It's about being willing to help. About following the rules of self-restraint, taking responsibility for yourself and working to solve your problems, while knowing how to rejoice in the success of others.

Self-development develops strength and resilience and inspires others to do the same.

7. They accept failure.

The rich know how to treat success as well as failure. They accept the situation and themselves as part of life. Failure is an opportunity for growth, but it is not an indicator of their future or self-worth. If they want to improve their business, then the goal is to accept failure, even if the process is slow.

Failure breeds motivation, creativity, and resilience. The more often we successfully deal with failure, the stronger we become.

Challenge yourself: stop avoiding the word “failure”. Adopt the phrase “fail quickly” and become a culture change leader.

8. They value education

The truth is that anyone in the top 1% not only values ​​education, but also strives to learn throughout their lives. Lifelong learning helps them understand the world they live in, empowers them and improves their quality of life. This is a conscious and voluntary choice, not routine work.

Most people fail to enter this niche because they underestimate the power of self-education. They think that getting some kind of degree will be enough to be successful. But it's not. Self-guided learning focuses on personal development and offers many long-term benefits, including increased self-confidence, renewed self-motivation, and the acquisition of new skills.