Hello everyone! So you managed to open the vault? Well, congratulations! Now it’s time to reveal to you five secret habits of the rich. Let’s get this started.
Secret Habit One
Imagine yourself surviving in a wild and your source of food is mainly by fishing every single day from the exact same pond. But one day there’s no more fish in that pond and your source of food is now gone. Well this is just like how many live their lives with just one source of income.
When that source of income is affected negatively, they suffer financially. And here you are you’re panicking that your source of food is now gone and turns out there’s another guy not that far away from you that’s actually fishing from multiple lakes and rivers, catching a multitude of fish every single day! The lesson here is that self-made millionaires make a habit of not relying on only one source of income so that habit is to develop multiple streams of income.
The reason is diversifying your sources of income allows you to get through a lot of economic downturns that always occur in life. These types of incomes are typically made passively, also known as passive income, which allows you to make money without your presence and that could be done through many ways such as ownership in a side business, real estate rentals, stock market investments, royalties and the list goes on. If you’re curious to know more about, that I have article that goes into more details about that, so you can check it out, right here.
Secret Habit Two
Think about this. You have two ears and two eyes and just one mouth. That can mean that you’re four times more receptive to listening than just talking. So the second habit of the riches they talk less and listen more. It’s said that a five to one ratio is about right so what that means is you should listen to others five minutes for every one minute that you speak. Wealthy people are good communicators because they are good listeners. They understand that you can learn and educate yourself only by listening to what others have today.
Secret Habit Three
This ties closely with listening. They have mentors in life. Among the wealthy, 93% had a mentor attributed to their success to that person. Mentors can participate in your growth by teaching you what to do and what not to do. So if you know your goals, find someone who has already achieved them! You’ll be amazed by how many people want to lend a helping hand.
Secret Habit Four
Read every day. Reading information can really help you increase your knowledge. “knowledge” about your business or career that can make you more valuable to other people. Among wealthy people 88% read 30 minutes or more every single day.
Their number one reason is, is they read to improve themselves. This really separates them from the competition by increasing their knowledge, they’re able to see more opportunities which translate into more money.
Secret Habit Five
And lastly habit number five, they avoid wasting time. How much of your valuable time do you lose parked in front of a screen? Well two-thirds of wealthy people watch less than an hour of TV a day and almost as many as 63% spend less than an hour on internet unless it’s job-related.
Instead these successful people use their free time to engage in personal development, networking, volunteering or pursue some goal that can leave them to rewards down the road. And that is five secret habits of the rich! Thank you so much for watching! Subscribe our YouTube channel if you want updates about our articles like this and also don’t forget to drop a comment! Thanks once again and I’ll see you guys later!