Know what are the habits that you should stay away from to get rich- If you can avoid these seven habits and work on them – you can surely make way to success and getting rich.
1. Spending more
You simply can’t get rich spending more money than you make, whether it’s buying a car or house you can barely afford or racking up a credit-card bill. In one of the study, it was proved that “Ninety-five percent of the poor in did not save and most accumulated debt to subsidize their standard of living,” True wealth comes from saving and investing a portion of what you earn, no matter the size of your salary. Start saving before you spend not after what is left out.
2. No reading and learning attitude
Reading with intention is a top habit of millionaires. In Corley’s study, 92% of people with minimal assets did not read to learn.
People read for entertainment and many other purposes but not with intention to learn and grow.
“Success requires growth & That growth comes from reading and educating yourself on a daily basis,”
3. Toxic relationships
It’s hard to sever ties with people who may be holding you back. But if you’re serious about setting yourself up for a rich future, it has to be done, you must cut off people and relationships that are holding you or not in tune with your vision. It is found that only 4% of the low-income people he studied associated with “success-minded” people. You are some total of five people you are always with. Your environment affects who you are!
“You are only going to succeed in life if you surround yourself with the right type of people,” he writes. That is to say, people who are encouraging, positive, curious, and helpful.
4. A single stream of income
Many of us rely on one job to make money, but that’s not how future millionaires operate. Sixty-five percent of the rich people in Corley’s study had at least three different streams of income set up prior to making their first $1 million. This not only supercharges earning potential, but it also acts as a safety net against job loss.
“Poor people have one income stream. Their eggs are all in one basket,”
5. Negative Self Talk
People will believe you only when first YOU believe in your vision and idea of who you are.
“I’m not smart or educated enough.” “It’s not my fault.” “Life is a struggle.”
These are examples of negative self-talk, these internal conversations fill us with doubt and act as a directive for our actions.
“When you allow negativity to rule your thoughts, you are programming your brain for failure,” You’ll have no chance in life at breaking out of your current financial or life circumstances. These negative thoughts will become beliefs that act like computer programs. You must stop the negative self-talk.
6. Having No Plans
You don’t need resources beyond your own imagination and determination to make a plan for the future. The plan — what you want to accomplish and where you want to be in 10, 15, or 20 years — is the first step to achieving any type of success, especially financial success. Clarity proceeds mastery- you must know what you want in advance.
“Ninety-five percent of the poor in my study had no life plan,”
“Without a blueprint, without long-term goals, we are like leaves on a fall day, floating in the air aimlessly.”
7. An unhealthy lifestyle
Unhealthy lifestyle habits — like excessive drinking, unhealthy eating, and minimal exercise — don’t lead to wealth, “Poor health habits create detrimental luck,” This is a type of luck that is a byproduct of poor habits, poor behavior, and bad decision making.
