Skills, intelligence, and good nature are commendable qualities that you could use to
get ahead in life.
But, they are not enough qualities to make you rich.
It has been said that less than 20% of the population earn over 80% of all the money
that is being made, and this statistic is by no accident.
The question is: What are the things that separate the rich from the poor?
The answer lies in the habits that the rich have adopted.
Over time, these habits have formed a part of their daily routine that they can perform
them effortlessly.
Super rich and successful people have mastered these habits, and they walk through life every
day without realizing they’re doing something special.
And the shocking part is, the principles are so simple almost anyone can master them.
If you are rich and successful in what you do, chances are you’ve been practicing some
of these principles.
If you did not build them up intentionally, then you may have acquired them by instinct
or as a part of your training without realizing it.
And the more of these habits that you have, the more potential you will have.
So, it will be good that you become aware of them today so that you can improve on what
you already have.
If you are struggling with your finances or your career, and you’re wondering why things
are the way they are, then you must pay attention to these principles.
They could be the lifeline you need at this moment to turn things around for good.
So now, let's take a look at some of the rich people’s habits that you can master.
13 Rich people's habits that you need to start mastering.
13.
Reading and learning Rich people are avid readers.
They don’t just read for the fun of it, rather they read to learn and to be educated.
Most rich people read books that can help them achieve mastery in their careers.
According to a report, 85% of rich people read about two books every month for career
purposes, education, or self-improvement, and less than 12% of the rich read for entertainment.
Another research showed that 88% of the rich read for at least 30 minutes daily while only
2% of the poor and the middle class do the same thing.
Do you see why the rich keep getting richer while the poor are getting poorer?
You can make it a habit to start reading today.
That way, you will be on your way to separating yourself from the rest.
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12.
Waking up early Waking up early has some remarkable things
it does in the life of very rich people.
Adopting this habit could also give you some benefits.
1.
You could gain a few hours more than the average person.
2.
You could accomplish little tasks that would have otherwise clustered your day.
3.
You could start your day on a positive note.
Starting your day with positive energy would make you more productive.
It does not mean that you should not give yourself enough sleep time.
Not getting enough rest at night is as bad as spending long hours wrapped up in the bed.
Without enough sleep, you could become drowsy and less productive the next day.
The rich average 6 – 7 hours of sleep every day.
That’s enough time for your body to have a deserved rest after a busy day.
11.
Exercising daily Achieving financial success requires you to
accomplish several tasks within a limited space of time.
Building up your physical strength could help you do this.
The rich know how important it is to exercise daily, that’s why they do it.
On average, super-rich people gross up to 6 hours a week in exercises.
Apple CEO Tim Cook starts his day by hitting the gym at 4.30 am.
Also, Vogue Editor-in-Chief Anna Wintour spends some time every morning playing tennis.
Here are some exercises that the rich engage in almost every day.
1.
Running 2.
Cycling 3.
Gym 4.
Tennis 5.
Swimming
All of these exercises may not be available in your home right now.
But you can start with the ones that you can afford such as running and cycling.
Get your body to sweat for about 30 minutes each day and see how productive your day will
turn out.
10.
Budgeting The rich make a financial plan for all the
money that comes their way and how they spend it.
They account for every dollar they make.
You do not have to like playing around with figures to be able to do this.
All you need to do is to take records and live within your means.
Write down exactly how much you earn each month.
Take note of how much you spend on rent, car, food, entertainment, and so on.
Here are some tips that could help you: · Don't spend more than 25% on housing.
· Don't spend more than 15% on food.
· Cut down on entertainment such as movies, bars, and games.
You may assign 10% of your income to this.
· Vacations should not take more than 5% of your annual net spending.
· Don't spend more than 5% on auto loans and avoid lease.
Most rich people buy, they don't lease.
· Avoid accumulating credit card debt.
· Stash up to six months of living expenses in an emergency fund.
That way, you could survive bad times such as a loss of job or bankruptcy in business.
· Save at least 20% of your income to be used for future investment.
· Contribute to a retirement plan, as much as you can afford.
9.
Scheduling the day Everyone has the same 24 hours in a day, but
it is how these hours are utilized that separates the rich from the poor.
The rich and highly successful people schedule their day.
The problem with the poor and average people is that they have an idea of what they want
to do for the week or the month and stop there.
But the rich take it a step further.
The rich write down their activities for each day and allocate time for each engagement.
They stick to their schedule and hardly bend the rules.
Planning your day could help you build a sense of direction and avoid wasteful hours.
8.
Dressing properly How you show up tells a lot about your personality.
The first assessment anyone could give you will depend on your appearance.
If you constantly show up shabby and unkempt, no one will take you seriously.
The rich know this and that’s why they are careful with what they put on.
You don’t have to dress to look rich if you don’t have means, but you should have
a good dress sense.
Dress up in the right combination of outfits and show up neat.
Also, dress to suit your career.
If you are an investment banker, you don’t want to show up at meetings looking like a
hip-hop star.
Plan your wear for each day of the week ahead of time and keep everything neat and organized.
That way, you won’t have to spend time trying to figure out what to wear or run late to
employment.
7.
Healthy eating – Wealthy people value their health.
They know that the age-long saying “health is wealth” is true.
They watch over what they eat and often listen to their doctors and therapists.
Constant health challenges could interrupt your schedules for work and appointments with
other people.
You should avoid eating anything that could interfere with your workflow and productivity.
You can only achieve this through self-discipline.
And self-discipline is that thing that will tell you to go for a salad instead of eating
that bugger.
Self-discipline will guide you to ask for water instead of drinking that beer.
6.
Goal setting Rich people set goals and work towards them,
but the poor and average people don’t.
The rich set short-term, mid-term, and long-term goals.
Your short-term goals could be weekly, monthly, or quarterly.
Your midterm goals could be the things you would like to achieve in the next 3 – 5
years.
While your long-term goals should include all the things you want to achieve in 10 years
or more.
Write these goals down and constantly review your performance.
5.
Investing Rich people constantly invest their money.
They are always looking for opportunities to expand their portfolio.
In truth, nature abhors stagnation.
Anything that stops growing begins to die.
Earlier in this video, we talked about saving 20% or more of your earnings.
This is where you put your savings to work.
Don’t invest blindly.
Get some education on the best ways to invest your money.
The amount of money you are willing to invest could determine the kind of investment that
would yield the best results for you.
Here are some places you could invest your money in.
1.
Bonds 2.
Mutual funds 3.
Stocks 4.
Real estate 5.
Joint venture
Getting proper training before going into any of these could help you avoid costly mistakes
that could take your money away from you.
Remember, you want to grow your money, not to lose it.
4.
Building relationships The rich are master relationship builders.
They start off by building a relationship with a mentor who helped them by guiding them
at the early stages of their career.
Then, they build a relationship with people they want to partner with.
They also build a relationship with their workers, their suppliers, and their customers.
No employee likes an uncaring boss, and you may soon lose their loyalty if you don’t
care about them.
No one enjoys going into a partnership with someone that sucks.
And if you can’t remember their birthdays and send them wishes on their anniversaries,
then that relationship may soon need life-support.
Relationship building is a skill anyone can acquire.
If you want to be rich, stop giving excuses of being a shy person or an introvert.
You have to come out of your shell.
Buy books on relationships, attend seminars, and get yourself ready to face the real world.
3.
Taking responsibility The rich take responsibility for their actions
and their failures.
The poor blame everyone else but themselves.
The rich see failures as a learning process, but the poor see failures as a dead end.
Learn to take responsibility for everything that is happening with you.
Stop blaming the government, the system, or your past.
When you fail, get up and dust yourself up.
Learn from your mistakes and failure and keep pushing.
Your financial breakthrough might just be closer than you think.
2.
Avoiding toxic people The rich are very careful when choosing the
people they allow in their personal space.
They know that the business world is full of bumps.
So they need to stay positive at all times to be able to navigate through troubled waters.
They avoid anyone that constantly pulls negative energy.
Choose your inner circles carefully.
Whether it is your spouse, business associates, or close friends, apply the same rules.
1.
Meditation Most rich people include meditation as one
of their daily obligations.
This is not the kind of meditation that many religions preach.
Rather, it is spending a quiet time alone, away from noise and distractions.
The idea is to direct the mind to a point of clarity so you could tackle the problems
of the day and come up with possible solutions.
Many rich and highly successful people have not hidden their daily commitment to this
practice.
Oprah Winfrey, Arianna Huffington, and Jeff Weiner have all spoken openly about their
daily practice of meditation.
You could start practising meditation today too.
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