HABITS OF WEALTHY PEOPLE

 

By Matata Mercy

Do you know that there are habits that separate the wealthy people from people who are struggling financially? 

If you didn’t know, then you are about to learn about these habits. One thing that separates the wealthy people from those who are struggling financially is the mindset that each of them holds towards life. 

Today, I would like to share with you some of the habits and mindsets that keep the wealthy at the peak of the financial endeavors so that you too can also learn some of these principles and apply them to your life.

1.     They save before spending

Wealthy people always ensure that they save a portion of their income before embarking on a spending spree. 

While people think about spending and what their money could buy for them the moment they get hold of that money, the wealthy people think differently. 

Their mindset tells them how much of the amount that they have received should they save.

 They ensure that they do save a portion before beginning to buy things that they desire.

 So as a result of this habit of saving before spending, the wealthy end up accumulating a large portion of their income into the bank accounts and mobile wallets while the people who are struggling financially will only save what is left which is actually little or in some cases save nothing. 

One book called The Richest Man in Babylon talks about saving at least 10 percent of your income and not touching that money in anyway.

 

2.      They never give up

The successful people we see around the world do not easily give up in the face of failure. 

These people fail many times but keep going. Thomas Edison failed 10,000 times to create a light bulb that could work properly and finally he managed to create one that was working well. 

Wealthy people keep working on their goals even if they fail, they are not discouraged but will always learn from their failures and do things differently next time. 

They keep working on their projects and goals that they want to achieve until they have accomplished those goals.

 

3.     They do not listen to society

Wealthy people are immune to public opinion. What I mean is that these people will keep working on their side projects or goals even if the people around them do not approve of these projects. 

If people around them tell them that the ideas that they are working on are bad ideas, they will keep going until they get what they want.

 

4.     They never brag about their wealth

How many times have you seen wealthy people show off money on Instagram or Facebook or Twitter. None of that. 

The people whom you see showing off loads of cash or the cars that they have just bought are actually not wealthy.  

 The truth is that wealthy people do not brag about their wealth and do not even see the need to prove anything to anyone out there. Wealthy people are secretive about their money and assets that they own. 

You will never see Zuckerberg bragging about his billions of dollars or Bill Gates bragging about his newly acquired car. 

 We have seen several people who brag with loads of cash in Uganda, go bankrupt.  People like Micheal Ezra, Brian White, and even Bad Black learnt some lessons.

 I hope you will pick a leaf from here.