11 Things the Rich Do to Get Richer
Many believe that when you are rich, you can do anything. Traveling all the time, spending worry-free and living without working are some of the desires of most people. While that might be true for some millionaires who have peculiarities that we mere mortals can hardly understand (for example, would you pay $24 to have a perfect ice cube? Well, some people pay it without hesitation.) But this is not the truth about those who managed to earn a lot of money starting their own business.
Most successful people have specific habits that have helped them not only make a lot of money but also keep it growing.
With that in mind, we have listed 11 things rich people do to keep making more money. So, until you get those winning lottery numbers, try to adopt a few, if not all, of these habits.
1. Have a money-making mindset
Instead of thinking about spending more money, successful people are always thinking about how to make more money. Keeping an eye on new projects is key.
Therefore, it is important to be aware of new opportunities whenever they arise. Trust that there is always a better and bigger project out there – and it will come your way.
2. Keeping in touch with successful people
Surrounding yourself with ambitious and talented people is an important part of everyday life for anyone who wants to grow.
Pay attention not only to those who are already very successful, but especially to those who have the potential to do so. This helps you stay motivated and have a list of influential contacts in case you need it.
3. Getting out of your comfort zone
Get used to feeling a little uncomfortable all the time. It is not in the safety of routine that success and great ideas are.
Taking risks is part of the life of those who have a lot of money, especially when it comes to investing in new venture projects.
4. Create multiple sources of income
Don’t invest in just one project, but in as many as you can. Understand your possibilities of active and passive income sources. Assets depend on how hard you really work to earn your money.
Liabilities, on the other hand, do not depend on their constant activity, such as, for example, real estate rentals or shares purchased on the stock exchange.
Rich people know their money needs to work for them. So instead of letting it sit still, they invest what they can, says the article.
To do so, they assume a certain amount of risk, but they choose wisely where to place their assets. There are many investment options on the market, so it’s important to research to find out which one suits your needs.
6. Take well-calculated risks
Think very carefully before you choose where to invest your money. Successful people think through the pros and cons of any decision they have to make. The important thing is to minimize the possibility of damage as much as possible.
Always ask yourself, “Will this bring me closer to my goal?”. If yes, continue. If not, forget it about it.
7. Focus on self-development
Most rich people read a lot of books that help them grow as people. Always keep a handy readout on hand. Choose titles that help you acquire useful and applicable information.
8. Never fully retire
Even with a lot of money, many rich people continue to work well into old age. Of course, not at the same pace as when they were young, but they keep a routine of constant productivity. That’s because most people like what they do. Undertaking and working on important projects motivates them and brings them a life purpose.
9. Avoid overspending
Don’t fall for the idea that the more money you have, the less you have to worry about spending. The rich know the importance of saving and choosing wisely where their investments go. The idea to always remember is: the more money you spend, the less you have. It’s that simple.
Successful people take time each day to think through what is happening to themselves and their lives. Having a critical spirit is essential to know if the path you are on will really lead you to your goal. If necessary, write down your plans to better visualize your goals.
11. Get up early and have a plan during weekends
Robert Iger, Disney CEO, isn’t the only executive who claims to wake up at 4:30 every morning. Successful people don’t stay in bed until 2pm during the weekends.
Not even until 11 am. Research shows that our brains are at their sharpest 1 to 4 hours after waking up. Get up early on the weekend and you’ll have an edge over the rest of the world.
And apparently, Benjamin Franklin asked himself every morning: “What good will I do today?” – successful people know the importance of daily goals, and weekends are no exception.
Obviously, weekends can be a time for planned and intentional rest. But you don’t have to be the president to know that missing your goals isn’t an option.