There are certain things that we have no
control over: we have no control over
when we will come out of this Great
Recession and we have no control over
being fired or laid off. But we do have
control over our personal financial
choices and our actions.
In other words, even with the grimmest
of financial forecasts, you can still make
it to the land of milk and honey by
changing some your habits and
thinking.
1. The Wealthy Live That #
FabulousNFrugalLife: One of the key
habits of the self-made wealthy is that
they track their spending. Every penny
has a position in their multi-millionaire
dollar empire. In other words, they keep
a budget and are able to differentiate
between a want and a need. If you need
a budget starter tip, try the 50-30-20
rule. Use 50% of your income for your
needs, 30% for your wants, and 20% for
your savings and investing. If you want
to jumpstart your journey to wealth, flip
those last two percentages: save and
invest 30% of your income and use 20%
of your income for your fun, wants, and
desires.
2. The Wealthy Take Their Grateful Pill
Every Morning: Instead of complaining
about what isn’t working and what has
yet to come, try coping an attitude of
gratefulness. Being grateful is like a
muscle. When you are training yourself
to be grateful for the little or the simple,
you are preparing yourself to both
attract and appreciate the greater and
the grander.
3. The Wealthy Have a Crew and Seek to
Expand It Strategically: The saying
“misery loves company” is only partially
true. Wealthy folk are about networking,
meeting, mentoring, being mentored in
order to form meaningful relationships
that will result in big dollar bottom lines
for all involved.
4. The Wealthy Live In the Slow Lane:
Most wealthy folk are not the stars of
our favorite ratchet reality show,
athletes, or entertainers. A lot of self-
made millionaires are those boring
people that worked a side-hustle until it
became full-fledged, consistently and
faithfully invested their money over
several decades, and took deliberate
risks. Translation: turn off the T.V. and
pick up a book, or speak to a financial
advisor.
5. The Wealthy Don’t Believe In Luck:
With the exception of lottery winners,
the wealthy are never surprised when
they check their accounts and see the
obscene number of zeros at the bottom
of their statements. Whether it be a life
committed to frugal living, investing,
and/or entrepreneurship, the wealthy
knew exactly what they wanted for their
wallets and stuck to their vision, through
the ups and downs of the economies,
through financial obligations to the
families, and through uncertainties. They
chose to be wealthy and did not stop
until it happened.