4 Terrible Habits That Will Keep You Poor for Eternity With a Sheepish Income
Become rich: real intentions create happiness
What if I told you: you could become a billionaire but with a catch?
The catch: you’ve to be a millionaire first.
We are all born poor. But family background makes a significant impact on us.
Growing up in a wealthy family guarantees you’re a millionaire. Creating a second million is never complicated. Where poor people start from square 1, and wealthy people begin from square 4.
One lesson I’ve learned from Rich Dad and Poor Dad:
“It all comes down to mental reshaping. Rich-bred kids are more likely to multiply their millions through their efforts than ordinary people.”
Blame it on our genes, but habits can have a huge impact.
Good news: habits are easy to obtain.
Living with rich people, I realized they spend the same life as us, just differently. Here’s how what it looks like:
Rich people
- Initial year: looking for opportunities
- Hard-working years: working hard
- Maturity: enjoying
However, poor people:
- Initial year: enjoy
- Hard-working years: looking for opportunities
- Maturity: working hard
Which means you’re doing it all right. You must know where to put the right effort. Below are four habits of rich people that guarantee you’ll never stay poor again.
1. Knowing the right opportunity
Do you know what’s more important than hunting opportunities? To know the right one.
- Tricky question.
We spend most of our lives trying to find an opportunity. But as soon as it comes, we’re terrified to lay down a step.
Rich people respect opportunities.
More than ever, my dad takes risks in his daily life. He takes risks depending on his partner.
If yearly, you invest in 5 opportunities, at least one of them will become fruitful. One of them will cover the cost of all the others.
It’s the same in writing, marketing, and others.
- Example 1: One article that went viral covers the effort of 10 articles
- Example 2: One good job, and you start earning for the last four jobs
One right effort can make up for your bad days. Risk is necessary.
2. Attention span
My dad sent me to study O-levels.
I asked him one day:
“What’s with you letting me buy 30,000 worth of new books when we could save it and bought something good?”
My dad answered:
“It’s not the books or the school. It’s how those people you spend 8 hours with daily make you feel. They all come from good families.”
We’re a sum of whom we spend time with.
Studying with top-notch kids revamped me. My dad encouraged me to participate in sports activities. According to him, sports make you competitive, intelligent, and edgy in no time. I’ve had three fractures because of that.
Rich people play sports like golf to increase their attention span. Rich people encounter scams daily, so instead, they increase their attention span daily.
When you fix the right pieces in the puzzle, all the chips fall easily.
3. The universe provides
Poor people are hardly futuristic.
They want to make money, but there’s no change in attitude, habits, etc. Poor people don’t live for the American dream because they fear it is false.
Jason Capital, in his podcast, said:
“Straightforwardly change your habit. Instead of trying to become that person, suppose you’ve become that person. Act like it.”
- Example 1: One good way to act like a flower is to suppose you are a flower
- Example 2: One acceptable way to act like a wealthy person is to suppose you’re rich
Suppose you want to boost your confidence and reshape your thinking.
Instead of thinking you’re poor, tell yourself daily that you’re “wealthy.”
Before going to a party, say to yourself, “I can buy this house if I want to. Who do they think these people are.”
Affirm, and the universe is ready to provide.
4. Impulse purchases
I’m recently migrating to Canada.
Though I have never bought any piece of winter items in my life, I am buying sweaters, and turtlenecks, and looking for holes in pashmina. I wasn’t prepared before.
I bought primary and essential items. This includes:
- Plain sweaters (monochrome)
- Turtlenecks (black and white)
- Basic pants
I stopped my impulse purchases to dress like a native. To not make any impulse decisions, I settled with essential items.
Instead of making overwhelming decisions, stick with the essential items you need.
You have your whole life to fill your basket with lavish items. If you’re unsure, stick with crucial items.
Apply the same when you start a new business or venture. Stick with the necessities.
Bonus point: Do something about the tics
Wendy Wood suggests: “Tics are your instant reaction to specific items, for example:
When you’re
- Sad: you drink
- Sleepy: watch TV or Netflix
- Lazy: avoid work
These habits inhabit your brain. One response triggers another. While Covid-19 was a hardship for some poor people, people with a rich mindset enjoyed creating their business ventures.
According to The Economic Times:
“Around 1,55,300 new companies were registered in India in 2020–21 compared with 1,22,700 companies in 2019–20.”
For rich people, a stop is not a stop unless your brain makes it. Rich people find solutions to every problem.
However, poor people only complain. If you have some tics, like thinking about a holiday when it rains or only showering when you smell miserable, correct it.
Correct your immediate responses. Don’t fall into the endless cycle of tics and habitual continuity. Break the chain.
Final thoughts:
The way of thinking separates rich and poor people. If you can’t do anything about money, change your mind.
That’s the least you can do because:
Changing your habits, mind, and routine= $0
Rich wealthy people always do first what’s necessary. Are you doing that or ignoring it?
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