And now here are The Top 12 Things that Rich People do (that you should do too.
1. Rich People Do Not Spend Money to Look Rich.
Have you ever seen that person that always seems to have the latest iPhone, best car, and designer clothes? Yet, they can barely make their rent. Yes. That is the person I am talking about. The person that lives pay check to pay check, however, eats at the best restaurants and has the hottest gear.
Are you that person? If you are that person then you need to stop right now. I understand you want to look good. You want people to see you can afford these things. I get it. But that is not helping to build wealth. You are making someone else rich.
Some of the wealthiest people I know are the most modest and unassuming. They don’t worry about how to look rich. They do not wear designer brands. They do not drive fancy cars. But what they do have is financial freedom. I’ll take that every day over a fancy car.
2. Rich People Do Not Drive Brand New Cars that they saw on TV, you see all those billionaires driving fancy new cars but let’s be honest. In the real world, most of the wealthy people I know buy a new car and keep that car until they drive it into the ground. Do you know what it is like to live life without a car payment? It’s amazing. So why bother investing in something that has no return other than getting those coveted head turns at the light. Those head turns are not going to help you when you want to retire early. So take a note from some of the wealthiest people out there and resist the urge to upgrade your car every year.
3. Rich People Invest
The word invest is a scary word. Especially when you are in your 20s and 30s. However don’t be scared. Investing can mean a million different things. It can mean anything from setting up a savings account to working with an investment advisor. The best thing to do is to educate yourself. Even if you don’t feel like you can afford it even the smallest investment can make a big difference. Which leads me to my next point.
4. Rich People Invest: Quality over Quantity.
That is not a typo. Rich people make it a point to invest in the things they buy. It is not about quantity. It is about quality. Think about it. Let’s say you find a great deal on a Mixer. It is $50. Except you have to replace that Mixer every year for the next 10 years. Well, that $50 Mixer just cost you $500. A rich person would instead invest in a $250 Mixer that will last for 10 years for a savings of $250. The same thing goes with furniture and apparel. Think about the cost per use as opposed to the deal you are getting when making purchases. This works out to the difference between being frugal vs. cheap.
5. Rich People Read… A Lot.
Rich people are always reading and learning. When I first graduated the first book I red was (Think and grow rich).
#richpeople,#poorpeople,
This book changed my life. It gave me the guidance I needed not to make the same mistakes as my peers. Reading and learning definitely work in your favour. Instead of being intimidated go to your local library and pick up some money management books. Or check out some of your favourite bloggers. You will be surprised by what you will learn.
6. Rich people Live beneath Their Means.
During the housing crisis, there were a lot of people that found themselves unable to afford their homes let alone their lifestyles.
Many people lost their jobs. Others went from having a double income to only one and still couldn’t afford the mortgage.
This taught me a big lesson. Live beneath your means. Just because you make more money doesn’t mean you have to spend money. Bigger pay checks mean bigger bills. However, for those of us that live well beneath our means, a bigger pay check means we are that much close to early retirement.
When most of us graduate college we are barely making it. Between rent, student loans and just live there is barely leftover anything else. So it is natural that once you get that first big raise you lose your mind. I 100% agree that you should enjoy your money and your life however ask yourself. Do you really need it?
Instead of buying a bigger house or getting a fancier car take that extra money and invest or put it towards your retirement. You will thank me later. I promise. But, if you really want that bigger house or fancier car make sure you can realistically afford it.
8. Rich People Budget.
Always remember! Make your money work for you.
9. Rich People Love Their Job.
10. Rich People Are Not Greedy.
11. Rich People are Risk Takers.
12. Rich People Surround themselves with Other Successful People.
Негізгі бет 12 things rich do, you have to do
No video
Пікірлер