 The Habits of the Wealthy What rich people do differently? Wealthy people are rich because of the habits they form, which is responsible for the things that they do. Joanna Jast of Hack Your Habits said, In a nutshell, your health, wealth, happiness, fitness and success depends on your habits. You see, the outcome of our lives and finance is dependent on our daily habits. For instance, think of a man who spends all his time reading, attending classes or courses, conferences and seminars in order to find out more about a subject that can help him achieve his goal of becoming wealthy, and another man who spends the better part of his time working tirelessly just to make enough money to pay his bills, save some money and attend to some other stuff. Which of these two men is likely to become a millionaire? My guess is the first man because he is trying to get enough information to equip himself. Doing this means that he is developing himself and the more he develops himself, the more he understands more about himself, the world around him, the people around him and the likes. With this information, he'll then be able to create value for people around him and when he does, he'll become rich because a lot of people will be willing to pay to have his product in their hands. Well, the people are like the first man. They understand that for them to become rich, they have to become valuable to everyone around them. For this to happen, they have to make certain lifestyle choices and imbibe some habits. In this video, I'll share with you the habits of the wealthy. What rich people do differently? This, I believe, will help you become a successful person. If you're new here, consider subscribing so that you won't miss other interesting videos like this. One, wealthy people always keep their goals in sight. Maybe we should start by establishing that wealthy people always set goals for themselves and set a high priority in reviewing and updating their goals consistently. Here's the thing. They do not only set goals and then put it somewhere in hopes that they will come to check it out now and then, but they make sure that they write out their goals and put it in a very strategic location that will ensure that they come in contact with it every day. According to Thomas Carly, the author of Rich Habits, the daily success habits of wealthy individuals, he said and I quote, A goal is only a goal if it has two things. It's achievable and there's a physical action you can take to pursue it. And according to his research, 67% of wealthy people put their goals in writing. 62% of the rich agree that they focus on their goals every day, while only 6% of poor people do. Two, wealthy people put a value on time. Rich people place value on every second, minute and hour of the day because they know that time is the only thing they cannot buy more of. If it's gone, then it is. So they ensure that they spend it judiciously instead of wasting time on unnecessary activities. For instance, well the people do not spend their time watching TV when they can invest that time doing some other important things to help them achieve their goals. Corley's discovery, for instance, showed that only 6% of the wealthy watch reality shows compared to 78% of the poor. The common variable among the wealthy is how they make productive use of their time, explains Corley. He says and I quote, The wealthy are not avoid in watching TV because they have some superior human discipline or willpower. They just don't think about watching much TV because they are engaged in some other habitual daily behavior. 3. Well the people pay attention to their health According to Corley's findings, 70% of wealthy people eat less than 300 junk food calories each day, while 97% of poor people eat more than 300 junk food calories per day. Also, 76% of wealthy Americans exercise at least 4 days a week when only 23% of poor people do. These results show that wealthy people pay more attention to their health because they realize that the only way they can achieve their long-term goals is if they are healthy. According to Corley and I quote, One of the individuals in my study was about 68 and worth 78 million dollars. I asked why he didn't retire and he looked at me like I was from Mars. He said, I've spent the last 45 years exercising every single day and watching what I eat because I knew the end of my career would be my biggest earning years. If he can extend his career 4 to 5 years beyond anyone else, that's about 7 million dollars for him. 4. Well the people invest in themselves Roy T. Bennett, an American author said, There is no more profitable investment than investing in yourself. It is the best investment you can make. You can never go wrong with it. It's a true way to improve yourself to be the best version of you and lets you be able to best serve those around you. Whether you decide to get a degree or reputable certification in your field or you decide to read books regularly, the most important thing is to keep growing and learning even if it means spending a little money to achieve this. The return is limitless. 5. Well the people live within or below their means You see, the secret to acquiring wealth is to spend less and save more. Well the people understand this, which is why they do not live above their means. If anything, they leave below their means or at least within their means. They don't spend more money than they make. 6. Well the people understand the importance of investing It is easy to spend money when you have it, but it is wiser to save some and invest it if you desire to acquire wealth. Rave Ramsey said financial peace isn't the acquisition of stuff that is learning to live on less than you make. So you can give money back and have money to invest. You can't win until you do this. They also understand the principle of compound interest, which is why they start investing as early as possible. 7. Well the people surround themselves with other successful people Steve Jobs said, it doesn't make sense to hire smart people and then tell them what to do. We hire smart people so they can tell us what to do. Well the people surround themselves with people who have intelligent minds so they will be positively influenced. More so, having a network of brilliant minds gives you a direct access card to top talent and helps when your next million dollar idea becomes a reality. You see, becoming a millionaire isn't as difficult as you once thought. Start by thinking and acting like the wealthy guys and it should only be a matter of time before you acquire your wealth. Thank you very much for watching our videos. We'd like to give you another interesting video for you to enjoy next. Well before then, our team will be very happy if you can like this video and share it with your friends on social media. If you're new here, don't forget to subscribe so you won't miss other interesting videos like this. Look at your screen now to see two other videos we handpicked for you to enjoy next. We love you.