When you think of the rich what comes to mind it's likely someone who runs a
business owns an expensive car and can travel the world on a whim while wealthy
people can't afford these things they are not the true signs of wealth as you
will come to learn wealthy people have many things in common and many of them
are signs you probably haven't noticed before but in this video I will share
with you five signs you are truly wealthy and if you're new to the channel
then hit the Subscribe button below for more life-changing content sign number
one you budget when you don't have to have you ever imagined having enough
money to buy anything you wanted without thinking about it like having enough
money to buy a private jet or travel to any place in the world at will some
wealthy people have enough money to buy a private jet and pay for it immediately
so one would think that such people don't need a budget since a budget is to
help you spend your money wisely and buy the things that are important so what
happens when you can afford anything you want do you still need a budget one of
the signs that you are truly wealthy is when you have a budget when you don't
actually need to have one wealthy people understand that budgets are not just for
people who do not have enough money and want to manage their resources they know
that budgets are for anyone who understands how many works and wants to
use it accordingly they know that no matter how much you have if you don't
track how you spend your money you can still become poor you can make poor
financial decisions that will jeopardize your financial success if you spend
money lavishly without a budget it is not the amount of money that you make
that will make you wealthy but the amount of money you can save and invest
also wealthy people know that Success is Not by chance so they know the
importance of having a budget most of them were able to build up their wealth
by budgeting their income this means that if a budget can help you build your
wealth you need a budget to continue managing the wealth you've accrued when
you have more money you should not violate the principles that helped you
get it in the first place place whether you realize it or not budgets have
helped many people develop good money habits such as spending a portion of
their money and buying just what they need this means that they will still
have enough money at the end of the day to save and invest with such Hobbits
most wealthy people are not going to spend too much money even without a
budget however as a true sign of wealth some of them still have a budget that
guides them on how to spend their money you need a budget whether you have
enough or you are still trying to save some at all levels a budget will help
you understand how you spend your money and also help you make good financial
decisions therefore being wealthy does not mean that you will start wasting
money because you have more than enough so if you're watching this right now I
want you to understand that one of the signs that you are truly wealthy is if
you have a budget when you don't even need one sign number two you can be
selective with who you spend your time with you are a reflection of the five
closest people you spend your time with whether you like it or not the people
that you spend most of your time with can influence you and determine the
outcome of your life one sign that you are truly wealthy is when you have
control over the type of people you spend time with not everyone can be a
friend therefore you must be careful to select those you choose to spend time
with one of the signs that a person is truly wealthy is that they value their
time so they don't give it out to everyone they only spend time with
people they have built a valuable relationship with and can help them
develop themselves one of the signs that you are truly wealthy is that you always
seek association with people that are better than you I'm not saying that you
can't spend time with people that you are better than but you must invest more
in relationships with people that are better than you Warren Buffett also
shares the same idea as he once said you will move in the direction of people you
associate with so it is important to associate with people that are better
than yourself all also being selected with who you spend your time with
doesn't mean that you must be with people who are richer than you you can
spend time with people who share the same value and ideas with you people who
understand other areas of life that you lack understanding spending time with
the right people is all about building the right relationship wealthy people
have friends across several Fields different from their own the advantage
of selecting the people to spend time with is to stay among people that will
motivate you to succeed and not average people who will not contribute anything
to you some of the wealthiest people in the world today have benefited from
spending time with the right people for example the founders of Google Larry
Page and Sergey Brin met at Stanford University while studying for their PHD
in computer science while spending time together they found something they can
both work on and they created what become the world's largest search engine
today a sign that you are truly wealthy is that you don't spend time with people
who do not add value to you the people you give your time to will influence you
with their idea ideas and behavior it is better to have a small circle than to be
with everybody be selective stay away from people who do not have anything of
value to offer sign number three you don't need material items to prove your
wealth if your definition of being wealthy is flashy clothes and expensive
material items then you will be disappointed in fact one of the signs
that you are truly wealthy is when you don't need material items to prove your
wealth although you can afford the fancy dress to eat out at expensive
restaurants and drive expensive cars when you have the money this isn't a
sign of true wealth many people can dress the same way without having any
wealth wealthy people know that the real value of their wealth is not what people
see they know that they don't have to prove anything so they don't dress to
impress anyone but themselves either you think they are rich or not it doesn't
affect their value not everyone who lives in a big house or drives
inexpensive car is truly wealthy some of them don't have good financial
management skills and as a result are deep in debt some of the world's richest
people like founder of Facebook Mark Zuckerberg always wears a simple outfit
to work there is nothing special about his outfit or anything that would
indicate his immense Fortune the same with Bill Gates Warren Buffett Jeff
Bezos and so many other rich people in the world this simple outfit helps him
avoid wasting time thinking about what to wear every morning they are more
productive because they donate material items to prove their wealth most wealthy
people don't meet this standard we set for them you want to see them use the
most expensive things and eat at the most expensive restaurants but most
times you will hardly see them in such places therefore a true sign of wealth
is when you don't need to depend on the material items that you want a true sign
of wealth is in the value that you place in yourself some of these wealthy people
have some luxurious items of their own such as private jets their own yacht or
a house on an expensive Island but that is not where they Place their value sign
number four you are in full control of your time one thing that we all have
equal access to every day a is time however not all of us have the same
level of control over time one of the signs that you are truly wealthy is when
you are in full control of your time and can decide what to do with your time
most people have to exchange their time for money by working from morning to
evening the only time they have left is just enough for them to prepare and get
ready for work the next day wealthy people don't find themselves in such
Cycles they have found a way to create more time for themselves by making money
work for them or paying other people in exchange for their time another way they
have full control of time is because they understand the principle of time
management they are organized people and they don't try to do many things at the
same time to be in full control of your time you must plan your day before you
start doing anything make a list of activities that you want to do for the
day then create a plan and stick to it knowing what to do with your time is
what gives you full control over it also those who are truly wealthy have
productive habits that they fall follow every day if you follow such habits you
will be able to avoid procrastination and get more things done in a day
another habit that is a sign that you are truly wealthy is waking up very
early in the morning when you wake up early in the morning you can do the most
important tasks for the day from the early hours thereby having a lot of free
time throughout the rest of the day sign number five you can say no as you please
as easy as the word no seems many people still struggle to tell others no it is
not every activity or every request that is productive therefore saying no means
that you understand the value of your time if you are the type that always
says yes to every request that people bring to you it shows that you don't
have anything valuable to do with your own time people take advantage of that
and they will always bring their own activities to interrupt your own learn
how to reject some things that people bring your way saying no does not mean
that you do not care about others it is a sign that you care about yourself and
value your time the ability to say no as you please is one of the signs that you
are truly Rich before you say yes to the next request that anyone may bring to
you ask yourself what is the best use of your time right now you will realize
that you have other important things that you need to do for yourself and you
will find it easier to say no also people find it difficult to say no
because they don't know the right way to say it there are different ways to make
someone know that you are busy without using the word no one way to do that is
to ask the person if it is okay for you to do what they ask them other time as
you have other things you need to do now another way is to tell them you would
have love to help them but you have too much to handle right now most reasonable
people will understand sadly people who say yes too often tend to regret it in
an effort to appease the other person but this results in others controlling a
large part of their actions wealthy people don't try to please others at the
expense of their own Joy they know they must be happy to stay productive so they
will gladly tell others no to have more time for themselves always remind
yourself that you are in control of your life and you have the right to say no
hey it looks like YouTube thinks this next video is the one that will change
your financial life forever give it a watch and let's see if they're right