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Habits We Should Get Rid Of If We Want to Be Rich

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Avatar for Eirolfeam2
Written by   1046
1 month ago
Topics: Habits, Rich, Success, Money

I believe it's not just me but a lot of us here also dream to become rich and successful, a Millionaire or even a multi-millionaire.

I mean, who wouldn't want that? Who wouldn't want to achieve financial freedom so that you could have enough time to spend with your family and friends, and have the liberty to do whatever you are passionate about without being hindered because of the lack of money.

While a lot of us dream to be financially independent and no matter how strong our determination is to achieve it, it is still not enough to get what we want because of these bad habits that hinder us to become financially stable or a Millionaire. So here are the habits that we should get rid of if we want to be rich and successful.

1. Sleeping when you shouldn't

  • A wise man once said, successful people are known to wake up early, which is true. There are a lot of businessmen and even billionaires who have a habit of waking up early in the morning. They believe that an early bird catches the fresh worm, which is an indication that you value your time well and it means that you will have a productive day. People who wake up early tend to finish work early too, leaving them having more time for other things that could help them to be more successful. While getting enough sleep or rest is essential, having too much of it will result in unproductivity.

2. Neglecting Your Health

  • If you want to be rich, then you should aspire to be healthy too because Health is Wealth. You will suffer when are not going to prioritize your health and it will also hinder you to be rich and successful because you will just end up spending your hard-earned money paying for your medicines and hospital bills. Take good care of your body by eating a balanced diet, exercising, and getting enough sleep or rest. Your holistic health should also be taken care of, not just your physical self, but also your mental, emotional, spiritual, and also social health.

3. Relying on a single source of income

  • If we want to be rich and successful, we should not just rely on a single source of income. Rich people have an average of 7 different streams of their wealth and they are always on the lookout for other opportunities that could give them passive earnings. So if we want to be like them, let's start building our sources of income, monetize our skills, and look for other side hustles.

4. Not setting a budget

  • All of us need to create a budget and stick to it if we want to manage our finances well. It is a must that we have a weekly or monthly budget to follow so that we have enough budget for all of our daily needs. We can also know what expenses we should cut down to just in case we couldn't make both ends meet. By tracking all of our expenses, we will also know if we still have some money left intended for our savings.

5. Not paying attention to small expenses

  • A great philosopher once said, beware of little expenses because a small leak will sink a great ship. That is why it is important to have a budget and stick to it. Having a budget and tracking all of our small expenses will help us focus on the more important things. These small expenses, when they are added up, become big and they can even destroy our funds over time. So be aware of those things you keep buying on online shops if they are really necessary or not.

6. Not thinking ahead

  • Always thinking about the future can be draining sometimes but not thinking ahead will also put us in trouble so choose what kind of problem you want to deal with. Preparation is the key if we want to achieve greater heights in life. So if you don't want to be living your life in the future struggling with so many debts to pay, you should start saving and investing now and avoid spending money more than you earn because it will only create long-term poverty that is hard to escape.

7. Postponing

  • Procrastination and always postponing are our greatest enemies in pursuing the kind of financial success we want to have. If we want to get out of financial stagnation, then we need to take action as soon as possible. We should not wait for the perfect timing, instead, we should make the time perfect. So stop postponing and making up excuses and just do what you need to do.


I am guilty of doing some of these things that is why I am also trying to remove these bad habits that I have because I want to achieve financial freedom in the future. How about you? Which among these habits do you have and what are you doing to remove them?

Cheers to achieving Financial Freedom!

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Avatar for Eirolfeam2
Written by   1046
1 month ago
Topics: Habits, Rich, Success, Money
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Comments

I am very very guilty of number 7!! Man I have been postponing and dragging my ass for almost a month now, I really need to get back into the game!

$ 0.01
1 month ago

Aww. You can do it!

$ 0.00
1 month ago

Almost lahat ng to parang tinamaan ako hahha specially dun sa neglecting health tyaka sleeping when you shouldn't haha.

$ 0.01
1 month ago

Same kaya prioritize na natin health natin. Hahaha!

$ 0.00
1 month ago

I guess I'm guilty almost all of it especially neglecting my health, having just 1 source of income and not setting a budget

$ 0.01
1 month ago

Aww. Time to prioritize our health and start looking for side hustles. Ehe!

$ 0.00
1 month ago

Everyone is guilty of many of these especially postponing. I am guilty of this too and I really need to keep trying my best until I can finally kill procrastination off my way. Thanks for sharing this wonderful tips.

$ 0.01
1 month ago

Yeah, time to kill procrastination and replace it with productiveness. 😂

$ 0.00
1 month ago

Your article contains very crucial point. But i think financial freedom and becoming a Millionaire is not same. Financial freedom is necessary for having a happy life.

$ 0.01
1 month ago

That's true tho. One has to define what Financial Freedom means to them first including the amount they want to have.

$ 0.00
1 month ago

I have seen people who had dream to be happy and enjoy life after having a certain amount of money, though the amount was big. But they are now addicted with the money and becoming robot everyday. I believe in this world we all need money to live, but i also believe we need to think about our happiness, our friends and relatives after having financial freedom. As you have argued. I am agree with you in this regard.

$ 0.00
1 month ago

Mukhang kailangan ko na maghinayhinay sa pag aadd to cart kasi expenses din yan hahaha

$ 0.01
1 month ago

Kaya huwag na i-check out ung mga hindi naman kailangan. 😂

$ 0.00
1 month ago

hindi na talaga magpapabudol

$ 0.00
1 month ago

In short you are saying I he not a single quality for becoming rich 🤣 Ahh sad life but I will try to improve myself because I want to be in the list of millionaires

$ 0.01
1 month ago

Yeah, me too. 🤧😂 That's right. We should improve ourselves to achieve our goal.

$ 0.00
1 month ago

Ayy jusme feel ko tuloy di ako yayaman...una palang alam ko na ugali ko na 😭

$ 0.01
1 month ago

Hahaha! Same. Pero yayaman parin tayo kung gusto natin. 😂

$ 0.00
1 month ago

After reading, I now realize I need to work on my sleeping habits cause it’s getting too much.

$ 0.01
1 month ago

Same here. 🤧

$ 0.00
1 month ago

Feeling ko guilty ako sa lahat. Hahaha! Lost case na ata, mukhang wala ng chance maging millionaire. 😅 thanks sa tips sis, I might do some of it then tell my kids about it too para sa future nila:)

$ 0.01
1 month ago

Meron pa po yan. Tiwala lang. Hahaha!

$ 0.00
1 month ago

Hahaha! Taya na lang kaya ako sa lotto kaya lang baka mamulubi lang ako lalo dun😅

$ 0.00
1 month ago

+++

$ 0.00
1 month ago

Guilty din ako sa iba dyan haha pero ang importante, aware tayo and we're taking some actions to become better.

$ 0.01
1 month ago

True po. Basta ginagawan ng paraan. Haha!

$ 0.00
1 month ago