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The Habits Of The Rich And The Poor

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rich vs poor habits.

The difference between the rich vs the poor is their habits. You can change your life if you can change your habits. That is the Law of cause and effect. If you want a different result, do something different. You are what you repeatedly do.

Habits of the wealthy vs poor

After my research, I found out that the difference between rich people and poor people is their habits. Most people are poor because of their habits. And the rich are rich because of their habits.

Poor People Watch Tv Rich People Read Books And Learn Everyday.

Reading information that will increase your knowledge about your business or career will make you more valuable to colleagues, customers, or clients. Among wealthy people, 76 percent read 30 minutes or more every day. Just as important, they make good use of their reading time. Ask yourself these questions. How many hours do you spend watching Tv and when last did you read a book or learn something new? 

Most poor people are illiterates… The word “illiterate” is not all about not having college degrees like Masters, Ph.D., e.t.c I am not talking about college degrees here. 
The word “Educated” is not having all of these degrees. Yes, It’s good to have them. but, does it end there? If I want to know if you are educated, the way I am going to know is:

“When last you learned something NEW” I won’t be concerned about your college degrees.
“An educated man is a man who learns every day”
“An educated woman is a woman who wakes up every day thinking of new thing to learn”
“Educated people are people who are so curious to learn new things” “Educated people are not people who stopped learning after they left college”

The reason successful people read is to improve themselves. By increasing their knowledge, they are able to see more opportunities, which translates into more money. Poor people think they know everything in life. They feel no one can correct them nor tell them what to do. While the rich are so humble to learn, asking questions, and listening.

Poor People Blame Others for Their Failures While The Rich Take Responsibilities.

Poor People love making excuses. They blame the Government, Economy, and Parents for not being rich. but the rich strive to acquire wealth themselves. No one can stop you from being rich, but you. When you take responsibility, you gain power.

When you meet a poor person he will tell you that someone else is responsible for his problems, they are always willing/ready to point fingers. The poor are always making excuses like;
“The reason why I am poor is because the Government did not provide a job for me” 
“I am poor because my parent are poor” 

“I am poor because I couldn’t go to school” Most Africans are dependant that is why even our leaders (Government) don’t do things without the help of foreigners and that is irresponsibility. As long as you think your life depends on somebody else to live you can’t live a successful life. Either as a nation or as an individual. 

That is why a rich man will leave his country to someone else’s country for health treatment when they can build that medical health center in their own country to make the country better for themselves. because of what they believe

Poor People Save and spend their money While Rich People Invest and earn more money.

You can’t get rich if all you do is save, save, save. Rich people invest their money to earn more money. It’s not a crime if you choose to raise your standard of living when you earn more money. But if you are always looking for ways to spend all your money you may end up not having any savings at all. If you want to be successful get the habit of investing your money.

Habits of the rich
habits of the wealthy vs poor

Poor People Have Lottery Mentality Rich People Have Action Mentality.

The poor people believe that the only way to be rich is to buy a lottery ticket, even when they know that their chances of winning are few. Hoping to win to become rich. Rich people have an action mentality they believe if it’s going to be, it’s up to them to make it happen. They don’t rely on any third party for them to be successful.

Poor People Expect A Financial Miracle. The poor will always sit and think that one day they will eventually see someone who will give them money that will make them rich. That is why most of them involve themselves in gambling and betting and others get quick activities expecting to win millions of dollars someday. The poor wait to get lucky while the rich work to get lucky.

Poor People Are Paid For Their Time Rich People Get Paid Base On Results.

You can never be wealthy to live a luxury life if you are a salary earner, Rich People aren’t paid base on their time but base on their results. Poor People Don’t Value Time. Time is money and only the rich understand this. Invest your time to build your career or side business. 

Poor People Keep Poor Company.

In one way or the other, you may need that confidential person to consult in terms of advice or assistance to a course. Bad companies don’t just influence your decisions but they can alter your view of the world, change your perception, and change you into a different person.

If you want to be rich you have to start hanging out with people who are successful already or striving for success. Don’t hang out with people who make excuses but people who take action. I would recommend you check your habits and know where and what you are lacking…

We are only as successful as the people we spend the most time with. 86 per cent of the rich associate with other successful people. But 96 per cent of those struggling financially stick with others struggling financially. Start spending more and more time on your Rich Relationships and less on your Poverty Relationships.

Rich Relationships can help you find a better job, refer new business to you or open doors of opportunity. It is often said “birds of the same feathers flock together” It is just proper to disconnect ourselves from friends who have nothing good to improve your life or cannot impact your life in a positive way.

There are a lot of people who lose a lot of great opportunities or chances due to the kind of people they socialize with but regrets at the end of the day. It is proper to align yourself with people who will always motivate, inspire and urge you on when you are nurturing a life-changing idea that can transform your life and affects society positively

The Rich Don’t Get Distracted By What Others Are Doing

You can learn so much about people’s mistakes, their victories, what to do, what not to do. But if you start comparing your progress to theirs, instead of using their stories as inspiration, you can feel jealous, stressed, unworthy. Successful people realize their journey is unique and can’t be compared.

Skills Needed For Success

You can be successful in life if you can apply these skills that I am going to share with you. You must develop some important skills that will enable you to accomplish your goals and success in life. 

Time Management Skill.

If we can learn how to perfectly manage our time and get distractions out of our ways, the better for us. Focus on the important things that will better your life. Right now we have got so many distractions around us in the world today. you must be disciplined if you desire success in life, master time management.  I will recommend you read this book to learn how to manage your time

Confident.

Confident people are attractive, everybody loves them where they go.. They can easily get other people to believe in them. Confidence is a sign that you believe in yourself. No one can believe in you if you don’t believe in yourself. 

Selling and Negotiating skill.

We are all salespeople. Each day when we wake up to sell, we sell our ideas, we sell our qualifications. You might not know you are always selling and negotiating. The book “The psychology of selling by Brian Tracy” is a great book to read

Leadership Skill.

The more strength you have in the area of leadership the more successful you will become. Because you need to get people to follow and cooperate with you regardless of what your profession is. To be a good leader, you have to love people and be kind to them, they will be willing to follow you. 

Networking

Networking is not only to find jobs or clients in an economy dominated by ideas and innovation. It creates channels in which ideas flow and in which new ideas are created. Meeting people, connecting with people, speaking with people, and communicating with people is very important in today’s world.

Someone out there knows what you don’t know and you can get those ideas from them when you network with them. You’ll build valuable relationships that can result in more customers or clients, or help you land a better job if you spend time pressing the flesh and giving back in your community through Network and volunteer.

Persistence And Focus Skill.

This is one of the best skills anyone should have. but most people don’t know that persistence is a skill. Why is it so important? There will surely be a time you will want to give up on that your dream/goal, you will not stop fighting, you will stay with it and never give up if you persist.

The truth is life is never going to give you success so cheaply, you just have to stay there; you just have to be persistent, you just have to fight on, even after several failures.

Those who are successful in life have three things in common: focus, persistence and patience. They simply do not quit chasing their big goals. Those who struggle financially stop short.

Get A Mentor

Among the wealthy, 93 per cent who had a mentor attributed their success to that person. Mentors regularly and actively participate in your growth by teaching you what to do and what not to do. Finding such a teacher is one of the best and least painful ways to become rich. 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.
There are so many benefits when you have a mentor

Learning from someone who has been successful in your field of interest helps improve your confidence and will often provide you with some great strategies to deal with the challenges you might face along the way. Your mentor will teach you what education, books, and websites cannot teach you. A mentor will help you identify areas for improvement, establish connections, and create opportunities.

Control your Emotion

Not every emotion needs to be expressed. Not every thought needs to come out of your mouth. When you say whatever is on your mind, you risk hurting others. Loose lips are a habit for 69 per cent of those who are not wealthy. 94 per cent of wealthy people control their emotions.

They understand that letting emotions control them can destroy relationships at work and at home. Fear is perhaps the most important negative emotion to control. Any change, even positive changes such as marriage or a promotion, can prompt feelings of fear. Wealthy people have conditioned their minds to overcome these thoughts, while those who struggle financially give in to fear and allow it to hold them back.

Talk Less And Listen More

Wealthy people are good communicators because they are good listeners. They understand that you can learn and educate yourself only by listening to what other people have to say.

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