The rich are not too different than those who are not rich. They too have problems just like the poor or the middle class do. But what has made them rich is how their manage their lives, their money, their work, and how they’re able to stay focused and energized on a daily basis.
In no particular order of importance, here are 7 habits of wealthy people. So, if you aspire to be rich, emulate those 7 habits of the rich. It may also make sense for you to speak with a financial advisor.
1. The rich educate themselves.
One of the key habits of the rich is that they educate themselves. Learning more about their businesses or careers make them more knowledgeable and they are able to see more opportunities.
This way, they put themselves in a position to earn more money. The poor do not do that and they don’t really grow professionally.
If you aspire to be rich, dedicate at least 30 minutes a day to read a book whether it is about personal development or whether it relates to your career or something completely new.
You can find very cheap books or audio books on Amazon. Or better yet, read this Rich Habits Book.
2. The rich set goals and stick to them.
Rich people set goals and take steps to achieve them.
They have an idea of what their top priority goals are.
What are your goals right now? Perhaps, you want to save money to buy a house or one of your goals is to pay off debt.
3. They stay healthy.
Staying healthy might sound like a no-brainer. One of the habits of the rich is that they stay healthy.
They understand that in other for them to stay energized, motivated, and focused throughout the day, they have to be healthy. So they make time during the day to work out, whether it’s a 10 minute yoga or a 45 minute in the gym.
They also watch what they eat.
So staying in shape is one of the seven rich habits of successful people. Apply it to your life to stay focused.
4. They invest their money: how the rich get richer.
The rich do save their money, but they also save in order to invest. In other words, they put their savings to work.
They understand that saving only will not make them rich and that investing is a sure way to building wealth. Therefore, they invest in stocks, bonds or real estate.
They also understand that investing in rental properties is another way to build wealth. So have a millionaire mindset and invest your money in things that have a better return on investment.
If you are new to investing, you can start with Acorns. Acorns automatically invests for you. It is a cell phone app that rounds up your credit card and debt card purchases, and invests your spare changes.
Click here to start investing your spare changes with Acorns. You can get started under 5 minutes.
5. They watch less TV.
The rich don’t spend their valuable time watching TV. Most of them spend less than an hour a day watching TV or on the internet (unless it’s career related).
Instead, they spend their free time networking, learning about businesses, or working side jobs.
Read: 8 Reasons You’ll Never Be A Self Made Millionaire
6. They network.
Another key habit of the wealthy is networking. Wealthy people network regularly, at least 5 hours a month.
When you network, you build relationship that can turn into more customers for your business or help you land a better job.The rich understands the value of networking.
To start networking, start first with your work events. Networking with colleagues at your current job is a good way to start, because you already have a connection there. Then reach out to old college classmates, roommates or professors, friends and family members.
Keep Reading: 5 Characteristics of the Millionaires
7. The wealthy have a daily to-do list.
Just as they set goals, the rich also have a daily to do list. A to do list is one of the key habits of the rich. Their to do list list everything that needs to be done that day.
If you aspire to be rich, then create a to-do list and prioritize which items to tackle first. At the end of the day, evaluate your to-do list to see what was done and what wasn’t. Move whatever wasn’t done to the next day, and repeat.
Next: How To Get Rich Slowly But Surely
If you want to know how to get rich, read these books:
- Rich Habits
- Rich Habits – The Daily Success Habits of Wealthy Individuals
- Rich Habits Poor Habits: Discover why the rich keep getting richer and how you can join their ranks
While working on becoming rich, here’s what you can do in the meantime:
First, you can try to make some extra money.
This extra money can help pay small bills, like phone bill, cable bill or even pay credit card debts. You can earn extra cash by completing online surveys.
A few good ones to try are: E-Poll Surveys, iSay Survey Panel, MySurvey US, OneOpinion, Vindale SOI, Panel PayDay (earn $25-$75 per survey), SurveyClub,SurveyJunkie, Panda Research, OnlineSurvey, Inbox Pays, Opinion City, PointClub,KeepMoreCash, VIP Voice.
Also, sign up for InboxDollars, which pays you cash for simply surfing the web, watching videos and playing games.
Second, you can start a blog.
If you’re interested in earning passive income, then you need to create your own blog. It’s one of the best ways to make money while you sleep.
Starting a website with Bluehost takes less than 15 minutes and hardly costs anything. And there are several ways to monetize your website.
Read our step-by-step guide on how to start a successful blog in 15 minutes. It’s one of the best passive income streams you can have.
Third, If you’re thinking of buying a house, estimate how much you may be able to borrow. Get pre-qualified.
Fourth, maintain a good credit score.
A good credit score of 730 means that not only will you able to get qualified for mortgage loan, it also means you’ll get qualified for a better interest rate. And being able to get a better interest rate means that you will have lower monthly mortgage payments. This, in turn, means that you’ll save thousands of dollars on interests.
Click here to check your credit score with Credit Sesame. It’s completely FREE.
Work with the Right Financial Advisor
You can talk to a financial advisor who can review your finances and help you reach your saving goals Find one who meets your needs with SmartAsset’s free financial advisor matching service. You answer a few questions and they match you with up to three financial advisors in your area. So, if you want help developing a plan to reach your financial goals, get started now.
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