Everybody came to this world the same. God gave us equal rights and (almost) equal abilities. However, some become rich and some become poor. (Well, that’s a different fact if someone is born with a millionaire or billionaire father.) There are some habits which rich guys follow and poor don’t. Even the guys who are born in rich families are taught to have rich habits. And these habits set the mindset and become practice which frames the fortune of the person.
Let’s talk about some of those habits which rich guys follow:
Save and Invest
Both rich and poor work hard for money. But rich people have the habit of saving some portion out of their income and utilize that money by investing it properly in good money-increment plans, which may be share market, mutual funds, property etc. Rich people always consider good money-making plans, like they purchase structured settlements. However, poor people fail to save money and recognize these opportunities. This habit of saving money is essential for being rich.
One important thing; save before you spend, not the other way round. Don’t save whatever is left after you have spent enough on your luxuries. Save some fix portion of your income on regular interval (monthly), before you start planning where to spend the left money.
Don’t just survive, try to increase income
Rich people don’t just work to survive financially. They also plan to increase their income, so they see their needs getting expanded in future. However, the poor people cutback their spending, instead of increasing the income. Worse, they take a loan/debt to fulfill a need, forget about luxuries.
Experiment with money
Rich guys never let their money lie idle. They experiment with it, by investing it into money-making schemes. They purchase structured settlements, invest in stock market, purchase real estate and do similar things. Even when they don’t have money to experiment with and have an opportunity which can earn money to them, they just build a business case around that opportunity and money follows that (which may come from investors). But rich people are never afraid of experiments and taking risks.
Don’t just visualize, Do it
This is related to the point I explained about experimenting with money. Poor people also see money making opportunities; however where they lack is the action part. They just visualize, dream about the bright future of the opportunity. They fail to take action, which rich guys never do. Rich people take actions.
Rich guys set a goal for themselves and work hard to achieve that. However poor people also work hard, but not to achieve any goal. They work just to earn their living and as soon as that is done, they are content with it. They don’t think about exploiting their real caliber which may be much more than what they are actually using. So being ambitious about some goal helps rich guys in being richer.
Network for business
Both rich and poor network and attend social gatherings. They both have a social life. However poor people fail to use that network to grow their income. Rich people network for business. When they meet someone, they mean business. They aim to fetch something out of every meeting.
I will cover more on this topic in a different post where I will talk about destructive habits of poor which resist them from being rich. Hope, this post is helpful.
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