11 Positively Rich Money Habits
Hey digital money world,
Today I'll go through a list of positively rich money habits. These habits are based on books I've read, other lists I've seen and habits I apply/ will be applying. Feel free to add your own habits in the comment section. I just want to see us all get RICH, WE ARE RICH.
11 Positively Rich Money Habits.
Lets dive in.
I. Always see yourself RICH, tell yourself that you are RICH, BE RICH
This is important because it will switch your frequency from I can’t, to I can. You will see opportunities that a poor mind cannot. You will work on these opportunities because you are rich, that is what rich peeps do.
Source
II. Pay yourself first.
From the famous book “the richest man in Babylon” states that at least 10% of whatever you earn is yours to keep, pay yourself, take it out, put it somewhere you can’t easily reach it. We can do this conveniently today by having that 10-30% automatically taken out of our paycheck and put into investment and savings accounts. Once you have a comfortable amount, (6 -8 months of expenses, start investing the new 1/10 coming in with the advice of experts. (if you are a risk taker you will want to start investing as soon as possible without a safety net. Good luck, there is no right way to this, just a safer way.
Source
III. Put your money to work.
See your money as soldiers and you are the general giving commands in a war. You could put your money to work by saving with a high interest bank but those are very few these days. One thing is for sure, your soldiers get lazy, fat, old and weak sitting under your madrassas , inflation creeps up like Alzheimer and the value of your money is lost and forgotten. Find a way to make money while you sleep but don’t sleep on it. Invest in stocks, create passive income like an online pdf course, YouTube videos, a book, an app, be a silent partner and the favorite of the wealthy, real-estate. And of course invest some money into blockchain projects that make sense, and do some mining.
Source
IV. Diversify
The worst thing you can do with your soldiers is put them all in one war at the same time (unless your life depends on it). Send the squads to different wars and see where they are wining. In other words invest in various opportunities and see which ones do best and then use full force on the ones you are sure about. Diversify also means having different sources of income besides your day job. Always try to be diversified with a side hustle or hustles, whether its s part time job, side business, investments etc. Never depend on one source of income.
V. Strive for multiple sources of income
Create many channels to bring wealth to you. Put items on ebay, rakuten, shopify, esty dropship style form Alibaba/Aliexpress if you don’t want to spend upfront.. Do a BBQ once a month and charge. Write articles, start a blog, tutor on the side, start a businesses, put songs on iTunes, just have multiple sources of income. Now some may say stay focused but I like to say focus on one thing, build it up, once it can strive on its own for a bit, focus on another source and come back to the other to give it some love when needed.
Source
VI. Get the most out of credit card rewards
Try your best to understand these reward systems and be disciplined with them. And if you can’t do that, make your partner/spouse do it. Build up those flyer miles, build up those discounts, and get those rewards. New blockchain based rewards are on the way so look out for that.
Source
VII. If you can afford life insurance get it
It is the only way our loved ones will be taken care of if something happens to us. If you really can’t afford it, have good relationship with GOD and make sure to have something saved up or a business they can take over.
Source
VIII. Try to buy assets more than liabilities.
So instead of buying a t-shirt every weekend, invest in a T-shirt printer that can actually make you money. Also note, your house is not an asset unless you are renting it out and earning income from it. Your car is not an asset unless you are using it as an Uber ride.
Source
IX. Invest in yourself.
Now this doesn’t have to mean going back to do your masters, it could mean getting an online illustration certification, participating in a workshop, getting voice training. Just keep using your money to improve your marketability.
Source
X. Set goals for your annual and monthly income
Really think how much money you want to earn and have a clear image of the figure and life style you want to live. Be realistic but think big. Think of ways to get this income, constantly write ideas down and the ones that sparkle your mind, work at them.
Source
XI. Know all you can about new technology
Stay on top of trends so you can have ideas before the masses. Learn about all your investments to the core. Be an expert in anything you are invested in or will invest in. Learn about the new blockchain socila media reward based platforms coming out, pool mining, VR etc.
Source
Remember, be rich now, no matter what is going on in your life or where you live. It is the first and most important habit we need to cultivate.
Thank you
Thank you
Thank you
II. Pay yourself first.
From the famous book “the richest man in Babylon” states that at least 10% of whatever you earn is yours to keep, pay yourself, take it out, put it somewhere you can’t easily reach it. We can do this conveniently today by having that 10-30% automatically taken out of our paycheck and put into investment and savings accounts. Once you have a comfortable amount, (6 -8 months of expenses, start investing the new 1/10 coming in with the advice of experts. (if you are a risk taker you will want to start investing as soon as possible without a safety net. Good luck, there is no right way to this, just a safer way.
III. Put your money to work.
See your money as soldiers and you are the general giving commands in a war. You could put your money to work by saving with a high interest bank but those are very few these days. One thing is for sure, your soldiers get lazy, fat, old and weak sitting under your madrassas , inflation creeps up like Alzheimer and the value of your money is lost and forgotten. Find a way to make money while you sleep but don’t sleep on it. Invest in stocks, create passive income like an online pdf course, YouTube videos, a book, an app, be a silent partner and the favorite of the wealthy, real-estate. And of course invest some money into blockchain projects that make sense, and do some mining.
Source
IV. Diversify
The worst thing you can do with your soldiers is put them all in one war at the same time (unless your life depends on it). Send the squads to different wars and see where they are wining. In other words invest in various opportunities and see which ones do best and then use full force on the ones you are sure about. Diversify also means having different sources of income besides your day job. Always try to be diversified with a side hustle or hustles, whether its s part time job, side business, investments etc. Never depend on one source of income.
V. Strive for multiple sources of income
Create many channels to bring wealth to you. Put items on ebay, rakuten, shopify, esty dropship style form Alibaba/Aliexpress if you don’t want to spend upfront.. Do a BBQ once a month and charge. Write articles, start a blog, tutor on the side, start a businesses, put songs on iTunes, just have multiple sources of income. Now some may say stay focused but I like to say focus on one thing, build it up, once it can strive on its own for a bit, focus on another source and come back to the other to give it some love when needed.
VI. Get the most out of credit card rewards
Try your best to understand these reward systems and be disciplined with them. And if you can’t do that, make your partner/spouse do it. Build up those flyer miles, build up those discounts, and get those rewards. New blockchain based rewards are on the way so look out for that.
Source
VII. If you can afford life insurance get it
It is the only way our loved ones will be taken care of if something happens to us. If you really can’t afford it, have good relationship with GOD and make sure to have something saved up or a business they can take over.
VIII. Try to buy assets more than liabilities.
So instead of buying a t-shirt every weekend, invest in a T-shirt printer that can actually make you money. Also note, your house is not an asset unless you are renting it out and earning income from it. Your car is not an asset unless you are using it as an Uber ride.
IX. Invest in yourself.
Now this doesn’t have to mean going back to do your masters, it could mean getting an online illustration certification, participating in a workshop, getting voice training. Just keep using your money to improve your marketability.
X. Set goals for your annual and monthly income
Really think how much money you want to earn and have a clear image of the figure and life style you want to live. Be realistic but think big. Think of ways to get this income, constantly write ideas down and the ones that sparkle your mind, work at them.
XI. Know all you can about new technology
Stay on top of trends so you can have ideas before the masses. Learn about all your investments to the core. Be an expert in anything you are invested in or will invest in. Learn about the new blockchain socila media reward based platforms coming out, pool mining, VR etc.
Source
Remember, be rich now, no matter what is going on in your life or where you live. It is the first and most important habit we need to cultivate.
Thank you
Thank you