Wealthy Habits

Becoming wealthy is very easy, especially with motivational speakers sharing their sugar-laced experiences. But have you ever wondered why only about one percent of the world’s population remains wealthy despite the number of books on financial success and wealth creation? You might have even taken some finance classes and still wander in the darkroom of confusion.

It is common to think that certain people became wealthy by providence or sheer luck. This is not completely true, though a little luck helps sometimes. Apart from those who inherited family wealth, wealth is made with a great deal of commitment, hard work, and consistency. Beyond these qualities, there are certain sets of habits that are specific to wealthy people, especially those that built their wealth from scratch. These habits work like a magic wand in generating wealth. 

Early Risers

You may be wondering how waking up early can contribute to success. Well, you may have to examine the lives of Larry Schultz, Tim Cook, and Richard Branson, for instance. There is a difference between waking up early to rush out for work and waking up at least three hours before work to have enough time for reflection. 

Wealthy people wake up early to meditate or write in a journal, read educational content, or get a head start on an important project. Some get good exercise or have a healthy breakfast. The goal is the same: to be proactive in setting the tone for the day. Note that wealthy people do not make email checking their top priority in the morning. They rather leave it for later in the day.

Specific Goals

Wealthy people are goal-driven. Rather than make a wish, wealthy people only set goals for themselves. In fact, poor people set the goal to become wealthy but the major challenge – unknown to them – is the “how.” Wealthy people set specific goals and know what they need to do to achieve them. 

Such goals might include accumulating a certain monetary worth within a certain number of years, partnering with a particular company, or even selling their company for a specified amount. Whatever goal they set helps to guide their actions, prioritize their activities, as well as streamline their decisions. A clear vision of one’s goal is enough motivator that can drive one to success.

Daily To-Do List

It becomes almost impossible to become wealthy if you do not know what needs to be done and be committed to doing them. According to Thomas Corley, a goal is a broader term and needs to be broken down into a list of tasks that can be completed daily. This is a common habit among wealthy people. 

Research indicates that a significant percentage of wealthy people write a detailed to-do list as well as follow it through. Irrespective of the cost involved, they don’t procrastinate. In fact, they continue to mutter “Do it now!” in their minds, especially when the thought of putting off sets in. They don’t stop until the task gets done or completed. Notwithstanding, they may be unable to complete all their to-do lists every day. Nevertheless, they complete a minimum of 70% of their daily tasks.

Daily Exercise

The most common excuse by the common people is that they have no time to work out. This is not the same with wealthy people. Despite the fact that they have the least amount of free time, they understand the importance of staying healthy and fit. Even with a whole lot of wealth, they are aware that their health has no price tag. To them, daily exercise is a regular habit. With that, they get the vitality to handle whatever challenges life throws at them. According to a study report by Author Thomas Corley, 76% of wealthy folks do aerobic exercise on a minimum of four days every week.

Healthy Diet

Feeding your moneymaking brain with fad diets and Twinkies will only leave it in low gear. It is common knowledge that a large portion of less-affluent people are less concerned about their diet and overall health. This may be a result of income and geography. Notwithstanding, the cost of having a healthy diet is not as expensive as portrayed. 

Wealthy people treat food like the fuel it is – they consume the right foods, avoid junk food and snacks as much as possible, and spend more on healthy foods. Their meals are structured so that they take a count of their calorie intake. They eat a healthy diet to live longer, thus giving them more opportunities to earn more.

Read Daily for Self-Improvement

A popular quote by Joseph Addison states thus: “Reading is to the mind what exercise is to the body.” Just like exercise, poor people do not take book reading seriously. The great number of books in the world today leaves a wealth of knowledge untapped, if unread. Wealthy people understand this and are willing to nourish their minds with enough information that can help them improve their skills and knowledge. Even if on transit and cannot read, they do not hesitate to listen to audiobooks.

Value Time

Generally, wealthy people regard time as money and time misspent as money lost. In other words, wealthy people see time as highly valuable and wouldn’t waste a bit of it, especially on unproductive activities, such as reading celebrities’ posts on social media or watching TV. Yeah, you saw that – watching TV! Wealthy people do not get relief in shutting off their brains in front of the TV. 

Elon Musk, for instance, spends a whopping 80-100 hours every week on productive activities such as exercising, reading, or learning something new. Rather than waste their time on nonproductive activities, they rather engage in things about which they are passionate, such as hobbies. Asking yourself how much money you would lose by engaging in activities that don’t produce money will help redirect your focus on productive tasks.

Build Relationships

Wealthy people understand the value of building relationships, especially the ones that revolve around their businesses. That is one of the reasons wealthy people will always be friends with one another. They build relationships with those who share similar minds or ideas with them. It is commonsensical that the relationship they build will impact their success-achievement goal. This kind of relationship can be built in many ways – at a conference, online webinar, or just over coffee. They may not necessarily be wealthy; however, they should possess the potential and drive to become wealthy. 

One other reason why wealthy people build relationships is to help them overcome the fear of speaking in public – a common fear among humans, irrespective of their social or financial status. They thus meet and engage someone new every day to build the confidence they need to address larger groups.

They Have Mentors

Many wealthy people have attributed their success to their mentors. It is not the case that their mentors have a direct impact on their wealth accumulation story. Rather, mentors keep them accountable and help them accelerate their speed of success achievement. Usually, mentors are people that have accumulated enough insights and experiences that can help their mentees cut learning time in half.

Key Takeaways

It is common to think that certain people became wealthy by providence or sheer luck. This is not completely true, though a little luck helps sometimes. There are many things that go into creating that ideal lifestyle and becoming wealthy. Incorporating growth tactics and throwing out the unproductive habits that currently keep you shackled to your not-so-ideal lifestyle will be a game changer for sure.

Free Gift

Check out the FREE video series on my 3 Keys to Unlocking Your Financial Freedom! This video series touches on Budgets, Tackling Debt, and Ways to Increase Income TODAY! I created this series for those of you who have been hit hard by COVID-19. I want you to know there is nothing you can’t accomplish and creating a plan of action is always a great starting point.

Vacation Vibes Everyday

Choose a job you love, and you will never have to work a day in your life.” -Confucius

Comin’ at ya from Studio City, CA this week. I’m here for work (and some fun) and I wanted to let you in on some of my Financial Wellness secrets…


I LOVE traveling for sure. I also love that my job allows me to create my own schedule. If you don’t like your life, you should change it. You are in charge of your reality. I have a lot of things I do to prepare for a trip. If it’s a work trip I have to plan my schedule and adjust things if necessary. I also love that I can work from anywhere in the world. That helps when re-working client meetings and it’s so convenient. Here are a few more things I do when going out of town for a period of time…

Packing

I’m obsessed with packing cubes and packing the most efficient way possible. Granted each trip is different and I usually pack my entire house. I like to be prepared for anything plus I am a mom. I pack an outfit for each day unless there is a laundry cleaning service available. I pack workout clothes, essential oils, shoes for every occasion , bathroom stuff, and many other things depending on the circumstances. For this trip, I have a photoshoot planned so I needed to pack a little extra because more is always better just in case.


I usually pack a day or two in advance so that it gives me enough time to think of anything and everything I might need. Before I pack I make a list. Lists are my life and I can’t function without them. Making a list helps me because I have two kids and each have their own special items I need to pack. I forgot my calculator so I won’t be able to do my work that requires it. I took that as a sign to complete those tasks at another time. I need to be more present here.

P.S. I packed an hour before I left for this trip and I will NEVER do that again.

Itinerary

What am I going to be doing on this trip you ask?

Well, I am doing a photoshoot to get some fresh pictures for my website. Paying the photographer was an expense and I can write that off on my taxes. Yay! The drive here was about four hours and I only filled up with gas once. I can write that off on my taxes. I had to pack a ton of clothes for the photoshoot and I have no idea what other fun things we may be doing. I like plans but I also like going with the flow. This trip has a very specific purpose. I HAVE BEEN CRUSHING WORK. Plus, the photoshoot.

Make Time For Fun

It’s so important to plan something fun while on a work trip to break everything up. I have been working on separating my professional hours from my personal hours so setting a block schedule or something like it within my schedule has helped a lot. I can easily get lost in work stuff. I’m pretty sure I worked for at least 10 hours yesterday which I don’t like to do. I was definitely feeling the good vibes and good energy so I just did my thang and crushed out a bunch of stuff I was behind on. We are going to dinner at a really cool restaurant after the photoshoot so that will be a nice change of pace for sure. Loving what you do means it’s not working. That is exactly how I feel about my job.


“Never continue in a job you don’t enjoy. If you’re happy in what you’re doing, you’ll like yourself, you’ll have inner peace. And if you have that, along with physical health, you will have had more success than you could possibly have imagined.” – Johnny Carson


Life is simply far too short to be bored or miserable (or both) for such a large portion of the time you spend awake. You deserve to have a job that fulfills you, that taps into your passions, that brings you joy–for the most part, anyway. If you’re waking up every morning dreading the day- it’s time to change something. Because putting up with a business or career you don’t love doesn’t serve you at all. It can negatively impact your physical, mental, and emotional health, and it’s not so great for your interpersonal relationships, either. Financial stress is actually one of the top reasons for divorce. Food for thought…

Free Gift

Check out the FREE video series on my 3 Keys to Unlocking Your Financial Freedom! This video series touches on Budgets, Tackling Debt, and Ways to Increase Income TODAY! I created this series for those of you who have been hit hard by COVID-19. I want you to know there is nothing you can’t accomplish and creating a plan of action is always a great starting point.