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10 Habits of Rich People You Need to Know

10 Habits of Rich People You Need to Know

10 Habits of Rich People You Need to Know

Here are the 10 habits of rich people that you should read and learn. These habits will help you become a better person and bring you one step closer to becoming successful.

10 Habits of Rich People

1. Talk less and listen more

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Use the 5-to-1 ratio: For every one minute you speak, you should listen to others for five minutes. Wealthy people are good communicators because they are good listeners. They understand that you can learn and educate yourself only by listening to what other people have to say. The more you learn about your relationships, the more you can help them.

2. Wake up early

10 Habits of Rich People You Need to Know. Happyvibesdaily.com

Former President Obama, Richard Branson, Tim Cook are known to be early risers. When you wake up early, you are able to start your day ahead of everyone else by responding to others, exercising and having some quiet time for yourself.

3. Read daily

10 Habits of Rich People You Need to Know. Happyvibesdaily.com

Two-thirds of wealthy people watch less than an hour of TV a day and almost that many—63 percent—spend less than an hour a day on the internet unless it is job-related.

Reading information that will increase your knowledge about your business or career will make you more valuable to colleagues, customers or clients. Among wealthy people, 88 percent read 30 minutes or more every day. Just as important, they make good use of their reading time:

63 percent listen to audiobooks during their commute.
79 percent read educational career-related material.
55 percent read for personal development.
58 percent read biographies of successful people.
94 percent read current events.
51 percent read about history.
11 percent—only 11 percent—read purely for entertainment purposes.

The reason successful people read is to improve themselves. This separates them from the competition. By increasing their knowledge, they are able to see more opportunities, which translate into more money. Comparatively speaking, only one in 50 of those struggling financially engages in this daily self-improvement reading, and as a result the poor don’t grow professionally and are among the first to be fired or downsized.

10 Habits of Rich People

4. Learn when to say “no.”

10 Habits of Rich People You Need to Know. Happyvibesdaily.com

“The difference between successful people and really successful people is that really successful people say no to almost everything.” – Warren Buffett

Successful people realize that by saying “no” to negativity, extra work and activities that waste time, they can focus on increasing their productivity.

If they say “yes” to everyone or everything, they’ll be too distracted and will not accomplish tasks that have to be done.

5. Write to-do lists the night before

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Successful people are known for writing their to-do-lists the night before so that they are able to set priorities for the following day. They number their lists as well to identify which tasks are the most important. This is a very useful tip that will help you become more productive and efficient.

6. Manage their money

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Successful people have gotten where they are because they were able to manage their finances well. This means that they save and invest their money wisely, look for new opportunities and set aside emergency funds.

Related article: 3 Money Habits of Rich People that You Should Follow

10 Habits of Rich People

7. Don’t gamble

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Every week, 77 percent of those who struggle financially play the lottery. Hardly anyone who is wealthy plays the numbers. Rich people do not rely on random good luck for their wealth.

They create their own good luck. If you still want to bet after knowing the risk, use money from your entertainment budget.

8. Control your emotions

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Think before you speak. Not every thought needs to come out of your mouth. Not every emotion needs to be expressed. When you say whatever is on your mind, you risk hurting others.

Rich and successful people understand that letting emotions control them can destroy relationships at work and at home. Wait to say what’s on your mind until you’re calm and have had time to look at the situation objectively.

10 Habits of Rich People

9. Set goals, not wishes

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You cannot control the outcome of a wish, but you can control the outcome of a goal.

Every year, 70 percent of the wealthy pursue at least one major goal. Only 3 percent of those struggling to make ends meet do this.

Planning and setting goals can be fun too. Read this free bullet journal guide for beginners to see if you may like to try it. 🙂

10. Find your purpose

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Rich people are very clear on knowing what they want to and work to reach it. Are you having trouble finding your purpose in life? Finding your purpose in life is actually quite easy.

Try this:

  1. Make a list of everything you can remember that made you happy.
  2. Highlight those items on your list that involve a skill, and identify that skill.
  3. Rank the top 10 highlighted items in the order of joy they bring to you. Whatever makes you happiest of all gets 10 big points.
  4. Now rank the top 10 highlighted items in terms of their income potential. The most lucrative skill of all is worth 10 points.
  5. Total the two ranked columns. The highest score represents a potential main purpose in your life.

If you need some business and side hustle ideas, here are some very practical and easy ones you can do.

Conclusion

These are the 10 habits that the rich practise, which help them achieve success. If you look at them closely again, they are actually quite easy to start. Aim to try all 10 of these habits, even just starting with 5 of them will bring you one step closer to achieving your dreams.

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