Let’s be honest, the rich have different spending and saving habits than the non rich do. In keeping these habits, they can best manage their money and be sure they can count on it for years to come. Take a look below at 10 things rich people don’t do, helping them stay financially stable for the future.
10 Things Rich People Don’t Do
1. They don’t spend money just because they have it.
When you come across a windfall, does it burn a hole in your pocket? Don’t allow it to. For the wealthy, more money in the hand is a chance to stash some away for a rainy day.
If you’re on a flexible income meaning your income isn’t consistent each month then you’ll want to take a look at our How to Make a Budget Work for You series, it has some great tips on creating a Flexible Budget that will help you stay on track & set priorities when you have extra income show up!
2. They don’t ignore retirement funds.
Living in the present is fun, but the wealthy never forget that they have retirement to look forward to. Make sure you too are taking the time to create a financially sound retirement by saving money and making plans for a fit future.
3. They don’t forget to give to others.
Sending your own wealth out into the universe seems to bring it back to you. The successfully wealthy never forget to use their wealth to help others and teach others how to become better themselves.
This is one of those things I believe ANYONE can start doing now! There are a lot of items you can get for Free or Cheap using coupons, if you have more than you need take the time to donate extra items to a local Salvation Army or Food Bank, it’s a little way that we can remember just how much we do have, regardless of the numbers in our bank account!
4. They don’t waste those precious morning hours.
How do you spend the morning? Those are power hours to the rich, and that is the time they use to build their empire! Don’t waste time in the morning with playing on the internet or reading magazines. Instead, make your day top heavy with productive moves happening early in the day.
My absolute favorite book on getting things done is called “Eat That Frog” By Brian Tracy, You can get this on Amazon and it’s a great reminder to get the most important items done first each morning!
5. They don’t forget to take care of themselves.
Your health is everything. The rich don’t forget to eat healthy and get the sleep they need. By being healthy they can focus on their goals in life and have the energy to see them happen.
6. They don’t turn away the advice of others.
The rich keep their ears open and consider the advice of others. Don’t be stubborn and think you know it all. Instead, keep your own ears open to what others might be able to offer you.
7. They don’t take any financial situation lightly.
Money is a serious thing. The rich know this and don’t take financial matters lightly. Always be in the know about your finances with everything from your credit score to your credit card terms.
8. They don’t buy without comparing prices.
Just because they have the money, doesn’t mean they want to spend it. The rich don’t buy without comparing prices and neither should you.
9. They don’t forget to set goals.
The rich always want to improve, and so should you. Don’t forget to goal set on paper so you don’t lose sight of the things in life you are after.
I have a Free Printable Goals Worksheet you can download and use to set goals and then break them into smaller, easier to accomplish tasks! By dreaming big and setting realistic “Mini Goals” You’ll be surprised what you can accomplish!
10. They don’t share those goals with everyone.
Just because you have goals, it doesn’t mean you need to broadcast them to everyone. Keep your goals close and in sight so you can focus on them and not get distracted by others opinions.
So, are you living like the rich? Give these 10 things rich people never do your consideration and see how easy it can be to change your own behaviors that may be hurting you!