People who are permanently wealthy(rich) have something in common. However, both those who sometimes get lucky and those who work a lot make mistakes, so they can’t really save money.
Researchers are interested in the differences between the habits of rich people and those who don’t have much money. Below is what they observed
- Meeting New People
Rich people love meeting new people. 70% of wealthy people said that they like meeting someone new. Most people who reached financial stability made as much effort as possible to give a good impression of themselves and keep it.
- Believing in fate
When it comes to really important matters, rich people think that they determine their life path themselves while 90% of poor people blame fate for their misfortunes and other factors they can’t control. And to improve their well-being, they invest money in psychics and lottery tickets instead of their own education.
- Love Your Job
“I love what I do!” This is what 85% of financially successful people say. Poor people see more disadvantages in their jobs. With an attitude like this, you will probably agree that it’s quite hard to increase your income. If you don’t like the job you are doing, you should change it, not whine.
- Paying Attention to your Health
Wealthy people devote a lot of time to their health. This includes visits to the doctor, a healthy lifestyle, sports (76% of successful people do physical exercises 4 times a week), a balanced diet, and the absence of bad habits. Among those who have a low income, only 13% see a connection between good health and success.
- Taking Risks
Only 6% of poor people agreed to take a risk to improve their financial situation. And more than 50% of the rich people who took part in the experiment agreed to take the same risk. More than that, many rich people noticed that at least once in their lives taking risks led to big failures, but they tried to move on instead of fixating on them.
- Watching Reality Shows
Among rich people, only about 6% watch reality shows. It is worth mentioning that rich people don’t like TV very much and many of them watch it for less than 1 hour a day. The same goes for the internet: successful people spend less than an hour surfing the net unless it has something to do with work.
- Reading A lot
They read books about self-development, professional materials, and historical literature for at least 30 minutes a day. Only 2% of poor people devote this much time to reading.
- Waking Up late
More than half of the businessmen with high incomes observed by Kingsley woke up at least 3 hours before the start of their working day, which is at about 5 a.m. They spend the time in the morning planning the things they need to do, working on their personal and doing sports.
Many successful people take 10-15 minutes to meditate or simply think about something in silence. Waking up early doesn’t mean not sleeping enough. 89% of wealthy people sleep from 7 to 8 hours a night, and they go to sleep at the recommended time: between 9 and 10 p.m.
- Communicating With Toxic People
96% of people who live in poverty know someone who loves gossiping or complaining about their lives. Successful people communicate with those who are not negative but, quite the opposite, those who inspire them to do something. You can easily increase the number of such people around you by visiting cultural events, doing volunteer work. And you should spend all your time on yourself until you meet people worth your time.
- Spending Too Much
Most poor people spend much more than they earn. You probably know people who buy expensive cars, phones, and other things on credit, even though they can’t afford them and don’t really need them. Wealthy people usually stick to this system of income distribution:
- 20% — saving accounts
- 25% — paying the rent or the mortgage
- 15% — food
- 10% — entertainment
- 5% — car service
- The rest of the money is spent on such non-permanent things as clothes, medicine, and education.
After Kingsley studied the habits of rich people, he came to a conclusion: they are successful because they first did something they truly liked and then turned it into a source of income. If you are still looking for your vocation, here is a plan of action: