Financially successful people do things a little different
that the rest of us. They
typically have a more positive mindset, take personal responsibility for their
wealth and business success, and they are willing to sacrifice short term
benefits for longer term gains. They are life long learners and surround
themselves with positive people who also believe in the benefits of education
and good work ethic.
They come from all walks of life and
all income brackets, but they share a similar set of attributes that set them
apart from the rest of us.
10 THINGS FINANCIALLY SUCCESSFUL PEOPLE DO DIFFERENTLY
01. THEY DON’T WASTE TIME WATCHING
TELEVISION
Wealthy people watch very little
television a day and almost no so-called “reality TV”. They spend their time wisely working on their business and
not wasting it on the couch.
02. THEY MAKE SACRIFICES
Wealthy people live frugally at first
in order to invest their limited income and resources into something that will
make them more money. Some
wealthy people, like Warren Buffet, live this way their entire lives. They have
modest sized houses, drive used cars and don’t waste money on flashy status
symbols like boats or expensive sports cars.
03. THEY AREN’T VICTIMS
People who see themselves as victims
spend a lot of time complaining and blaming their failures on others. Successful people take their misfortunes, or bad
decisions, and analyze what happened and how they could change the outcome in
the future. They learn from their mistakes rather than complaining about it.
04. THEY SAVE AND LIMIT DEBT
Successful people pay off debts
quickly to save money on interest which accrues over time. So, if you pay off the principle of the loan faster, then
interest on that loan is less over time. They also make saving money a
priority. Even if it’s only $20 a month, saving money and developing it into a
habit will pay off later when an emergency strikes, This way, you can cover it
with savings rather than paying off an emergency loan which will cost
significantly more in the long run. The best way to save effectively is to
automate it. Set up a recurring transfer from your checking into your savings.
Before you know it, you will have quite a chunk of change to invest. Resist the
temptation to spend it on a new car or television or expensive clothing.
05. THEY DON’T BLAME OTHERS FOR THEIR
SITUATION
Successful people take responsibility
for their actions and their fortunes. Rather than waste time and energy blaming someone or
something else which might only be marginally responsible, they accept that
their fate is their own, and if they want to succeed, then they need to do
something about it themselves.
06. LONG TERM PLANNING
Successful people make and stick to
long term financial planning rather than spending their money as fast as they
make it.
07. THEY MAKE THINGS OR PROVIDE
SERVICES OF VALUE
They aren’t just consumers of other
people’s ideas and products. They
produce things. They do things. Things that other people are willing to pay for.
08. THEY BELIEVE EDUCATION IS
IMPORTANT
Wealthy and successful people believe
in education and lifelong learning. They read books of educational value or that are work
related. When they commute, they listen to audio books or news programs.
09. THEY DO MORE THAN THE MINIMUM
Successful people do more than just
show up to work, do their job and go home. They get up early and they stay later at work. They go
above and beyond to achieve their goals.
Related article: 6 Things The World’s
Richest People Do Differently
10. THEY ARE PASSIONATE ABOUT WHAT
THEY DO
Financially successful people get a
thrill from making something new, making a customer happy or fulfilling a
client’s order. They
care more about the creation process they are involved in than the money they
are making.
Financially successful people are
disciplined savers who start saving early and often. They live frugally most of
their lives. They love their work and do as much as they can, the best way they
can. They limit their debts, take responsibility for their wealth and plan long
term. They don’t waste time. They don’t waste money. They take every chance to
better themselves and their abilities.
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