Earning more money and becoming increasingly wealthy sometimes depends largely on adopting new habits and making small lifestyle changes, because “success is a learnable skill.”
 Image: Shutterstock |
According to Business Insider, in the book “Secrets of the Millionaire Mind,” author T. Harv Eker emphasizes that “success is a learnable skill.” Specifically, “if you want to become a great golfer, you can learn how to do that. If you want to play the piano well, you can learn to have nimble fingers… If you want to be rich, you can learn how to do that.”
Here are 8 lifestyle changes that you can try to earn more money and manage your money better.
1. Hang out with people you admire
Andrew Carnegie (1835-1919), who was broke before becoming the richest man in America, believed that his wealth came from one principle: Smart heads. Surrounding yourself with talented friends and sharing the same vision will help you multiply your intelligence and creativity. In addition, we tend to become like the people we are closely connected to. This is also what makes the rich often go with the affluent. “In most cases, the value of your assets reflects the financial level of your closest friends,” shared self-made millionaire and author Steve Siebold.
2. Get a part-time job
This is a simple way to have more money. Apart from money, you can have more from a side job. You can develop your skills and expand your social network by working in different industries. This is also a great opportunity to make money from your small hobbies such as photography, music, tutoring, coaching…
3. Read more books
The rich trade entertainment for education. If you also want to be abundant like them, you can cut down on cable TV expenses and use that money to buy books on investment, personal finance, or the biography of a successful person. “When you walk into the homes of the rich, one of the first things you’ll notice is a large library of books they use to guide themselves on how to become more successful,” said millionaire Siebold. Take Warren Buffett, for example. The American legendary investor spends 80% of his working hours reading books.
4. Do things that make you uncomfortable
If you want to be richer or more successful, you will have to get used to uncertainty or discomfort. The rich especially find comfort in the uncertain. “Physical, mental, and emotional comfort is the primary goal in the minds of the middle class. The rich have the resilience to cope with ongoing instability. They have the mental fortitude to endure pain and temporary setbacks to make more money in the remaining years,” observed Siebold.
5. Switch to a high-interest savings account
It is likely that currently, the money in your savings account is increasing at an insignificant rate. The reason is that we often trust “big banks,” the ones in the US that offer an interest rate of nearly 0.01%. So, try switching to a different high-interest savings account. This won’t instantly turn you into a millionaire, but it’s a good way to earn a little extra money.
6. Wake up earlier
Early risers have more time to answer emails, exercise, meditate, and read books than others. They don’t press the “snooze” button when the alarm goes off on their phone every morning, and they’re happier and healthier for it.
7. Make money work for you
One of the most effective ways to earn extra money is to invest it, and the earlier you invest, the better. “On average, millionaires invest 20% of their annual household income. Wealth with them is not measured by the amount of money earned each year, but by how they save and invest from year to year,” wrote Ramit Sethi, author of the bestselling book “I Will Teach You to Be Rich” – New York Times.
8. Set goals and visualize achieving them
You need clear goals, specific plans to achieve those goals if you want to become richer. The wealthy are committed to wealth creation. This requires focus, courage, knowledge, and a lot of effort, emphasized author T. Harv Eker. You can achieve goals if they are clear and have a clear direction. “The number one reason most people don’t get what they want is that they don’t know what they want. The rich are clear that they want wealth,” shared T. Harv Eker.
You may also like
Discovering the Best Present for Opening Events to Bring Luck and Prosperity
For a successful start to a prosperous future, selecting the right celebratory gifts is key. This article offers meaningful, lucky, and unique ideas for the ideal presents to commemorate this special occasion.
7 Essential Feng Shui Tips You Should Know
Do you want to bring luck and fortune to your home? Here are some simple tips to help you achieve it!
“5 Books to Boost Your Business Success”
If you’re looking to increase your business success, then “The Secrets of the Millionaire Mindset” is an excellent book to look into. Throughproviding 13 unique principles, it promises to help readers gain the same advantages of becoming wealthy as those who have already achieved financial stability. Investing the time to read this book could be the key to achieving your goals.
Revealing the Surprising Factor That Is Keeping You Broke
Researchers have long established a link between having a positive mindset and wealth. Recently, an author and self-made millionaire discovered a singular habit that keeps many in poverty — and it’s one that few people take into consideration.
Discovering the Locations with the Most Billionaires per Capita
From Forbes’ annual billionaire list, Business Insider has created a list of countries and territories with the highest amount of billionaires per capita – and the results may be surprising!
