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5 Habits of the Wealthy That Helped Them Get Rich






5 Habits of the Wealthy That Helped Them Get Rich
Image credit: Shutterstock


Why do the rich keep getting richer? Most of the time, it's not 

 because of luck. It's not because of the family they were born into. 

 It's not because they won the lottery.
Wealthy people simply do things differently.
It may not seem fair, but the fact is the "income gap" is increasing 

 and most financial experts only see this trend continuing with no 

 end in sight.

 In preparation for this column, I sat down with someone who 

 knows far more wealthy people than I will likely ever meet: Jeff 

 Rose. Rose is a certified financial planner, author and blogger 

 at GoodFinancialCents.com, as well as a millionaire himself, who 

 dedicates a good portion of his time to helping people become, and 

 stay, wealthy.
I asked Rose why he thought the income gap was growing. He 

 mentioned five primary things that wealthy people simply do 

 differently than the rest of the world. Here are those five, in no 

 particular order.

They take risks

Rose explains that the wealthiest people he works with routinely 

 "throw spaghetti at the wall to see what sticks." In other words, 

 they try a lot of different things, knowing that a lot of it will fail.
They take those risks because they know that failure is just part of 

 the process in discovering what will truly work to build more 

 wealth. Furthermore, as Rose explains, the rejection of those ideas 

invigorates the wealthy into finding what will work, a stark 

 contrast to most of the population that simply looks at failure as a 

 road block.

They invest in themselves

According to Rose, "wealthy people don't look at the money spent 

 on personal growth as an expense, but an investment."
While many individuals conserve every penny equally, the wealthy 

 understand that strategically investing in themselves will produce a 

 far greater return than any stock, real-estate investment or business 

 venture.
Whether it's purchasing a book, hiring a coach, joining a paid 

 mastermind group or another source of paid self-improvement, the 

 wealthy see this as an investment. Do you?

They associate with those they want to emulate

When the human body gets too hot, it produces sweat in an attempt 

 to cool down. When it becomes too cold, it shivers to produce 

 heat. 

 In other words, the human body is constantly adapting to keep its 

 temperature at the same comfortable spot. This automatic leveling 

 is a biological process known as homeostasis and is found in 

 numerous aspects of life.
From human biology to the temperature of the earth to a car's 

 cruise control to the thermostat in your house, homeostasis is a fact 

 of life that governs nearly every aspect of your existence. And, as 

 the wealthy have discovered, homeostasis can also be a powerful 

 way to build wealth.
As Rose stated bluntly to me, "If you want to be rich, hang around 

 rich people."
Or as financial TV personality Dave Ramsey often says, "if there 

 are four broke people in a room, you'll be the fifth."
Wealthy people have discovered that they can grow their wealth 

 simply by associating with those who are even more wealthy. 

 Humans pick up the habits and strategies of those in their 

 immediate surroundings, and the wealthy have learned to use this 

 homeostasis to their advantage.






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