7 signs you'll never be a millionaire

As self-made millionaire Steve Siebold says, almost anyone has what it takes to become a millionaire.

Are you on your way to striking it rich? Or does your behavior shoot up red flags?

To help you figure it out, we've rounded up some warning signs to watch out for. Of course, everyone's situation is different, but if you're routinely making these mistakes, it may be time to make some changes when it comes to managing your money.

Sure, rich people value the importance of saving and investing, but they also recognize that the key to getting really, really rich is to focus on earning.

"The masses are so focused on clipping coupons and living frugally they miss major opportunities," Siebold writes in "How Rich People Think." "Even in the midst of a cash flow crisis, the rich reject the nickel-and-dime thinking of the masses. They are the masters of focusing their mental energy where it belongs: on the big money."

That said, there's no need to completely disregard smart saving strategies. But if you want to reach seven figures, "stop worrying about running out of money and focus on how to make more," Siebold says.

"The number one reason most people don't get what they want is that they don't know what they want," writes self-made millionaire T. Harv Eker in his book, "Secrets of the Millionaire Mind."

If you want to build wealth, you have to have a clear goal, specific plan and hard deadlines. And when you're setting goals, don't be afraid to think big. The rich set their expectations exceptionally high and are up for any challenge, Siebold says: "No one would ever strike it rich and live their dreams without huge expectations."

Just like your thoughts and habits can mean the difference between living a wealthy life and an average life, so can your choice of words. As Jen Sincero writes in her book, "You Are a Badass at Making Money," "if you're broke or not where you want to be financially, you can be sure that your language could use an upgrade."

Certain common phrases are particularly limiting, says Sincero, such as "I want" and "I need," which are different ways of saying "I lack." And "I wish," she says, is another way of saying "I'm not in control."

Instead, start saying things like, "I have," "I create" and "I choose."

Investing is one of the simplest, most effective ways to build wealth, and the sooner you start, the easier it will be to reach seven figures.

"On average, millionaires invest 20 percent of their household income each year. Their wealth isn't measured by the amount they make each year, but by how they've saved and invested over time," writes personal finance expert Ramit Sethi in his bestseller "I Will Teach You to Be Rich."

The good news is, it's easier than ever to put your money to work. Thanks to micro-investing apps such as Acorns, you can start by simply investing your "spare change." Other apps also aim to make investing simple and accessible, and automated investing services known as robo-advisors can work for you, no matter how much you have in the bank.

Sure, you can get rich on one stream of income, but your chances aren't great. As author Thomas C. Corley found in his five-year study of self-made millionaires, the rich "do not rely on one singular source of income," he writes in "Change Your Habits, Change Your Life."

"Three seemed to be the magic number in my study," he continues. "Sixty-five percent had at least three streams of income that they created prior to making their first million dollars."

These additional streams could be real-estate rentals, a side hustle or a part-time job.

The average person wants to be comfortable. Rich people, on the other hand, are stimulated by uncertainty.

"Physical, psychological and emotional comfort is the primary goal of the middle-class mindset," Siebold writes. "World class thinkers learn early on that becoming a millionaire isn't easy and the need for comfort can be devastating. They learn to be comfortable while operating in a state of ongoing uncertainty."

If you think getting rich is out of your reach, you're probably not going to make millions. The average earner remains average because they expect to, says Siebold: "The masses think they aren't worthy of great wealth. Who am I, they ask themselves, to become a millionaire?"

"The truth is, in a capitalist country, you have every right to be rich if you're willing to create massive value for others," he continues.

Start asking yourself, "Why not me?" After all, that's what the millionaires and billionaires do.

Don't miss: 9 thoughts holding you back from getting rich — and what to think instead