Skip to main content

Breaking your poor habits, and forming habits of the rich


"Chains of habits are too light to be felt until they are too heavy to be broken"......Warren buffet.



Somebody said" humans are creatures of habit, and a lot of us creatures are in debt, bad debt's, that's not good to our wellbeing.

Bad habits toward money, like rationalizing purchases ("hey, I deserve this!".....("I work hard for this money so I deserve the best of it)

  • Assurming you'll make more money later on.
  • You disorganized your bills
  • Don't budget or keep track of your money
  • You're an impulse spender.
The right opposite of bad habits, Good habits. Can bring you from anywhere you are now financially and accelerate you to your desire financial positions because the vast majority of rich people didn't reach were they're now accidentally. Acccumulating wealth requires hard work, dedication, and-most importantly-maintaining a specific set of habits that foster prosperity.

Corley be a financial planner and author who spent five years studying millionaires. He wasn't out to discover the investment strategies they shared. He wanted to find out general stuff, like how they lived. What TV shows they watched, what they ate, thoses habits can be as crucial to building wealth as investing in the right stocks.

Corley interviewed 233 people who make at least $160,000 a year in gross income and have $3.2million in net assets the majority of them, 177 in all, were self made millionaires.


Those creatures obviously have the right habits to acquire wealths, but what about the other side of that coin? Did low-income earners shared the same lifestyle habits."

Corley interviewed 128 Americans who make $35,000 or less in gross annual income and have $5,000 or less liquid assets.

1.plan and set goals:

Setting short-term, midterm, and long-term financial goals has being one closer quality the rich and super-rich have in common, it is an important step toward becoming financially secure, if you're not working toward anything specific, you're likely to spend more than you should. You will then come-out short when you need money for unexpected bills, not to mention when you retire, you might get stuck in a vacious cycle of credit card debt and feel like you never have enough cash to get properly insured. Leaving you more vulnerable than you need to be to handle some of life's major risks.

No! Rich people are goals-setters, they list what the want to achieve daily, weekly, monthly and they can tell you were they want to be in 20 years. Why poor people just sort of wing it.

2.Don't overspend:

are you a chronic overspender if you start each month with great intentions and spend according to a set plan, but eventually find yourself making mindless purchases justified by what ever dangerous "a little won't hurt" attitude, you're likely facing an empty bank and severe buyers remorse by the end of the month.

The simplest and surest path to wealth is to save money and invest it, it's like planting an acorn and washing it sprout into a tree. When the problem of millions of Americans is acquiring an acorn to plant.

A 2018 federal reserve report found that four in 10 adults wouldn't be able to cover an unexpected $400 expense much less an emergency fund. The US bureau of labour statistics, put it at 6% the lowest level since the 2008 financial crisis.


Once you realize you've chipped away at what ever cushion you had in place, you're left scrambling for money,-or worse, using credit cards to cover your bad moves. Overspending is often a learned behavior that can result from emotional issues (I am in a bad mood, so I'm going shopping). Family upbringing ("I couldn't afford much as a kid, but now I can") or even lifestyle inflation ("I got a raise so I deserve a new car"). It's not always easy to recognize your own negative patterns, so take some time to check your behavior and determine be whether you're overspending each month.

3. They are financial educated:

Hardly a chance you went to a wealthy man home and you won't found a library, full of money making machines. The library comes before those luxurious house.

Naturally, most if not all of us reading this post want and crave for those better stuff, it is all part of us,we all want those bigger, house cars, and good things for our family, in other to have what you don't have you must start doing those things you haven't done before, and start to visit bookstores you haven't visit before.

Comments

Popular posts from this blog

5 things you should never discuss with coworkers

Many people spend more time with co-worker than they spend with actual friends and families so it makes senses that they'd want to talk about something other than once in a while,            And it's and easy way to land yourself in hot water, talking about certain subjects in most office environment could alienate your colleagues and even cost your promotion.                      HOW MUCH YOU HATED YOUR LAST JOB "Even if someone had a truly horrifying experience in their previous industry or job, they should still be able to talk about their past employers in a positive way, if they rant about how much they hate their last job, it show a sign of immaturity when they can't at least share what the learn from their formal work experience instead of placing blame on others.          INTIMATE DETAILS ABOUT YOUR PERSONAL RELATIONSHIP "while is perfectly acceptable to sh...

How to get out of debt faster than you ever think possible

I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity under the name of funding, is but swinding futurity on a large scale"..... Thomas Jefferson The average American househood with credit card carries more than $15,000 in credit card debt, according to Debt.org. Latest post:  what to do if behind with rent Add to that &1.2 trillion (and growing) in student loan debt, sprinkled in car loans, and medical debt, and we've got ourselves an issues. But in most cases those 15.000 thousand dollars was borrowed simply for consumption. A vacation, jewelry,or be shoes, and even for emergency funds for things you simply don't have the cash to cover. And all these are bad debts because it doesn't make you richer instead poorer. But on the other hand is good debt, debt that puts money in your pocket each month. It makes you richer. It is used to purchase things like investing in ...

Pastor korede komaiya biography, net worth, spouse, and ministry

Nigeria from the early days of the charismatic movement. Has been so blessed with passionate ministers of the gospel who has been addicted, to the work of the ministry. In this article you will find out everything about pastor korede komaiya from is the biography to net worth. Who is pastor korede komaiya Pastor korede komaiya who is also called pastor kk, by colleague, members and friends.  Is the senior pastor of the master place international church. An apostle of reformation, full of motivation, and an insightful teacher of Gods word. He is most sought after as a speaker in churches and conferences internationally. He is the facilitator of "business summit" a business conference that empowers and network people together to eradicate poverty and make the people rich. When was pastor korede komaiya born? Pastor korede komaiya who just announced Is 51 birthday, at the 4th of September this year was born that same date if the year 1970. Where is pastor korede komaiya from? Pa...

has GENEVIEVE NNAJI mark 20 years in nollywood

Veteran nollywood actress and film maker, Genevieve nnaji celebrate two decades in the film sector with a reflective new year post.            She through her twitter handle @genevievennaji1. Shared an appreciative message to her fans, which doubled has her new year message.            Sharing as picture  of the "lion heart" script, she wrote " has 2018 comes to an end, I marks 20 years in the art of film making," I am grateful for my life journey and growth thus far.            "I am happy I could celebrate with you through a product that embodied all of me mentally and spiritually, for all of your presure, I love you guys! " happy new year" nnaji said.              Nnaji who recently premièred her directorial debut, lion heart; began acting at the age of 19 in 1998 with the movie most wanted;               ...

DAVID IBIYEOMIE, HOUSE, PRIVATE JET, CARS, THE MAN GOD SO BLESSED IN MINISTRY

DAVID IBIYEOMIE  is the presiding pastor of salvation ministries -home of success, one of the fastest growing and spreading church in the world, he pastors million of worshippers spread across the globe with headquartered presently located at plot 17 Birabil street, GRA phrase 1, port Harcourt in the Rivers state of Nigeria. BIRTH: born in bonny island, Rivers state Nigeria on the 21th of October, 1961 to the family of chief and Mrs Apollos iganibo of bolo town, ogu/bolo local government area rivers state of Nigeria. EDUCATION: David ibiyeomie attended banham primary school, portharcourt from 1969 to 1974 for his primary education, he went to government comprehensive secondary school bolo-kiri, Rivers state between 1974 to 1979 for is secondary education after then, he was admitted to the Rivers state university of science and technology, Port Harcourt for a degree course in micro biology in 1980                In recognition of his dil...

a two years old shredded parents saving

A 2-years old boy shredded his parents savings is father share photos of the pieces on twitter.            Acoording to the father, he and his wife had been saving toward getting Utah football tickets, they had save up to $1,060 but when they went for the money they could not find it they then found the envelope containing the money in the shredder.

how 4 ways to raise kids who cares about people

"Empathy in children is a skill parents can cultivate"           Mary people are wondering what happened to the qualities of empathy and kindness in our society,  dooms and disturbing news fills the headlines, many parent are wondering how to raise kids who will be a force for love and goodness in the face of bitterness and hate.                   SET AND EXAMPLE parent need to walk the walk and model empathy themselves, kids all pick up on more things than just verbal, kids will be motivated to do what they frequently see you doing.  Parent are also to recognize and respect their children's emotions, according to dell. "For kids to show empathy to them, and for others.      TALK ABOUT FEELING WITH KIDS the gateway to empathy is emotional literacy, (understanding your emotion) one way of teaching kids to identify their emotion early on, is by using emotional language with kids, "say th...

alcohol damages the brain than marijuana :scientist.

A new research has uncovered novel ways in which marijuana or cannabis effects the developing brain, with the surprising conclusion that using alcohol can damage the brain more than using marijuana. According to researches, alcohol alters the structure of gray and white matter in the brain. The findings came from a number of studies that featured at the 2018 annual meeting of the society for neuroscience, held in San Diego, CA, according to a report by  medical news today .

OUR IDENTITY IN CHRIST:spirit, soul and body

Second Corinthians 5:17 says, "therefore if any man be in Christ, he is a new creature, old things are passed away, Behold all things become New" the phase in Christ" is a terminology that is use almost 300 times in the new testament, always referring to vital, union relationship. With God, once that take place you become a new Creation.       THE REAL YOU CHANGE This lead to a critical issue that I believe is imperative to understanding your new identity in christ. It did not take place in the physical realm, its not talking about your physical body, saying that it completely  changes, that your look change, if a person was fat before they were save, they still be fat, afterward, unless they go on to diet, its also not talking about your mental or emotional part, what most consider to be the real "then" if you weren't too smart before you were saved, you won't be too smart after you are saved, but you will still have a lot of the same memories and ...