4 Habits of Millionaires That Work for Everyone There is no secret to success, unless you've never heard of hard work, clear goals and continuous learning.

I'm humbled that my career as a penny stock trader has helped earn me the title "millionaire," and I'm even more blown away to count two of my students among the ranks of this elite club.

Having worked my way up from a few thousand dollars in bar mitzvah money to a few million has given me a unique perspective. I know what it's like to start out with no big advantages, but I've also had plenty of exposure to the unique way millionaires think and act.

As a result, I've been able to see what they do differently and how they both earn the big bucks and protect their financial positions. I've applied all of these principles to my own life, and if you aren't currently where you want to be financially, I recommend you do the same.

1. Millionaires work hard.

The "get rich quick" thing is such a cliché, but the thing is, it's rarely ever true. We all see startups earning million dollar valuations, but the real story is that their "overnight success" was ten years in the making.

Millionaires aren't afraid to work hard, and they take advantage of the principle of "success begets success." When you have a few small wins, you build on them. You take the next step and you keep plugging away, because you've had a taste of success and it's great!

I hear from a lot of trading students who are looking for a way to make a few quick bucks trading penny stocks, and I always have to disappoint them. There are no secret "hacks" to building generational wealth. There's only hard work, discipline and a willingness to push ahead through any circumstances.

Related: You Deserve to Be a Millionaire. Follow These 12 Tips to Get There.

2. Millionaires have clear goals.

Do you know why millionaires are so willing to work hard? Sure, experiencing regular success helps, but it's also because they have clear goals.

Let me give you an example… Which of the following statements do you find to be more motivating: "When I get rich, I'm going to buy a nice car?" or "When I get rich, I'm buying a cherry-red Lamborghini Aventador LP 750-4 Superveloce?"

Which one do you think will motivate you more to do the hard work required to become a millionaire?

When I was in high school -- when I got my start as a stock trader -- I had a poster of a Lamborghini hanging on my wall, because that's what I was working towards. My dream was so clear I could practically feel the wind whipping around my face as I showed off my sweet ride to my envious friends.

That's the kind of goal you need to have if you ever want to be successful. If your current goals are a bit lackluster, whip them into shape to continue down the path towards becoming a millionaire.

Related: 8 Slow, Difficult Steps to Become a Millionaire

3. Millionaires are willing to fail.

Being afraid of failure makes you overly cautious. If you're constantly afraid of failing, you'll miss out on the opportunities that present themselves to you -- all because you were too scared to move forward.

Millionaires take a different approach. Instead of being afraid of failure, they welcome it. They see it for what it is, a chance to learn valuable lessons that show you the way forward.

Sure, you're not going to go out there and deliberately fail. That would be stupid, whether you're an BIZ Experiences, a penny stock trader or some other kind of professional.

But when you do fail, and it's virtually guaranteed that you will, try to learn what you can from the experience. Yes, it'll sting, but if you use your failures as opportunities to improve yourself and your business, you'll eventually become fearless in the face of the smart risks that'll make you a millionaire.

4. Millionaires have successful mentors.

I have to tell you, if I'd had a good mentor when I started trading penny stocks, I'd have been a millionaire years sooner. I was figuring everything out on my own. Learn from my mistake!

A good teacher can cut years off your learning curve and save you huge amounts of money. A mentor can't do your work for you, but they can keep you from making the same mistakes they made - and that's a pretty priceless lesson.

I look at the two millionaire students that have come out of my Millionaire Challenge trading program, and I see that both of them have hit the seven-figure mark in just a few years by leveraging lessons that took me much longer to learn. Their examples prove to me that no matter who you are - and no matter what you're doing - you'll benefit from having a successful mentor at your side.

Related: Simple Yet Powerful Business Lessons From a Broke BIZ Experiences Turned Multi-Millionaire