I’ve studied millionaires for years. I took notes on their habits, how they lived, and their choices. And while all millionaires are different, they have particular habits in common.

These habits go beyond just money. Financial success is determined equally by your daily choices as much as by math. The psychology behind each money decision you make significantly impacts your ability to build wealth.

The everyday habits of millionaires involve a lot of psychology.

Here are signs that you are destined to be a millionaire.

Sign #1: Your Health Is More Important Than Your Wealth.

Over three-quarters of millionaires workout at least 30 minutes daily, four days a week. This is according to a study by Rich Habits author Tom Corley. Over 60% of millionaires also said they played some sport in high school.

In other words, most millionaires are active. They prioritize their health because they know their health influences their wealth. Good health builds confident and energetic people. Confidence and energy directly affect income and professional success.

My suggestion: Join a gym – or assemble a home gym. Make working out for at least 30 minutes a part of your routine 4x a week. No exceptions. No excuses.

Tip : Find a workout buddy. You are far more likely to stick with a fitness routine if someone else keeps you motivated. Find someone around your level of fitness.

If you’re a beginner, don’t worry. Here’s an excellent resource for developing your very first fitness workout.

Sign #2: You Don’t Fear Failure.

Millionaires are not afraid to fail, and this trait is a significant part of their financial success.

Wealthy people understand that failures are learning opportunities. The more one fails, the more one learns. While nobody sets out to fail, embrace failures for what they teach you about life and business. Take mental notes about what not to do in the future.

“The wisdom of learning from failure is incontrovertible,” wrote Amy Edmondson in Harvard Business Review. “The attitudes and activities required to effectively detect and analyze failures are in short supply in most companies, and the need for context-specific learning strategies is underappreciated.”

Not so with millionaires. They realize you learn more from your failures than your successes.

Sign #3: You Have More Than One Source of Income.

The vast majority of millionaires have more than one source of income. Their primary source of earning is typically their job, but that may only be the tip of the cash flow iceberg.

Other sources of profits include capital gains from investments, real estate income, spousal income, or side hustle earnings. This improves overall income and means if one income source dries up, the others can pick up the slack.

Don’t leave your wealth-building potential to a single income source.

Side hustles come in a variety of forms.

For instance, profitable side hustles include:

  • Affiliate marketing
  • Freelance consulting
  • Driving for Uber or Lyft
  • Dropshipping businesses
  • Teaching an online course
  • Web design and development

Sign #4: You Invest at Least 20% of Your Income.

Salary alone isn’t how most millionaires accumulate wealth. For most, investing in appreciating assets like stocks and bonds, real estate, and businesses is how significant wealth is built.

Did you know that 80% of millionaires invest in their employer-sponsored 401(k) plan?

“Millionaires took advantage of the free matching from their employers and the tax benefits. In addition to their company investment plans, three out of four also invested in their brokerage accounts, Roth IRAs, or traditional IRAs”, wrote Fool.

Use automation to fund long-term retirement funds and brokerage accounts without lifting a finger. Financial automation makes building wealth, well, automatic. It’s easy.

Three common ways to automate your finances:

  • Payroll deductions to fund your company-sponsored 401(k)
  • Bank transfers from checking into savings to build an e-fund
  • Monthly bill pay on credit cards to never pay interest

Automation takes discipline and remembering to do stuff out of the equation.

Set it up once, and it just works.

Sign #5: Your Circle of Friends Is High Quality.

Millionaires keep high-quality friends that talk about money, business, and health.

According to Harvard professor Dr. David McClelland, you are the average of the five people you associate with the most. Your friends can determine as much as 95% of your success!

Millionaires form their own bubble of friends. They make tough choices about what friends are in each bubble and consciously try to associate with the most successful bubble most. These people include coworkers, neighbors, friends, and family members.

This doesn’t mean millionaires ditch “unsuccessful” friends. But it does mean they spend more time with their success group than with other friends.

This article was produced and syndicated by Wealth of Geeks.