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Successful people adopt some good habits that separate them from the rest of the world. Improving your money habits can actually change your life for the better.

Do you ever wonder, how rich people actually build wealth? How did they utilize their 24 hours a day to become multi-millionaires today?

Is it the inherited property from their grandparents?

Or, have they won a lottery?

Maybe, it’s their luck?!

Well, the secret to becoming wealthy is to change your mindset about money.

Why am I always broke?

I have always asked this question to my parents when I was a kid.

They used to reply to me by saying, “It’s just our fate. Everyone works hard but very few are able to see the light of success.”

They always wanted me to study hard, get into a good college and finally join a company for a day job.

They are not wrong but that is not the ONLY way, right?!

I have invested in some personal finance books and adopted a rich mindset. Today, I am nowhere near becoming rich or successful but let’s go through this journey together!

If you establish a good relationship with money, you can enjoy your life without having to live paycheck to paycheck.

habits of successful people

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Money habits of highly successful people:

Here are some habits of successful people who always have money.

If you are in your 20s, 30s or 40s, these tips will help you to build better money habits.

1. They live below their means:

Image source: Pexels

Successful people live below their means. This is one of the best habits of successful people. They stay away from showing off to their friends and colleagues.

It does not matter whether you earn $10,000 a month or $500 a month, you will never become rich if you are spending more than you earn.

I know! You are in your 20s. You see your friends, colleagues and relatives going out, partying and spending thousands of dollars on branded clothes.

The first step is to curb the desire to show more than you have. Settle for simple clothing and a frugal lifestyle.

Don’t break your bank account in order to live like the Kardashians.

2. They set goals:

habits of successful people
Image source: Pexels

This is one of the most common habits of successful people.

Successful people make a plan, set realistic goals and try their best to achieve them.

Some of the goals include paying off debt, saving money for retirement and having an emergency fund.

It is important to have a goal in your life- which will motivate you to wake up each morning and do something productive.

If you are still struggling to find your goals, I suggest you make a to-do list.

Write about 20 things that you want to achieve within the next 6 months.

Do you want to travel the world?

If yes, then what’s stopping you? Your bank account? In that case, start by improving your finances. Start a side hustle or invest some money to generate passive income.

Take small steps each day and do something that your future self will thank you for!

3. They make more time for their side hustle:

Time and energy are your biggest asset. It is high time you should take advantage of it.

It is when I started giving so much time to the work that I hate doing (my full-time job), I understood the value of time!

After working all day, dedicate at least 30 minutes to your side hustle.

There is a higher chance to succeed in the work that you love doing. Don’t sacrifice your hobbies for the sake of your full-time job.

4. They take advantage of free money:

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Saving your money doesn’t have to be monotonous all the time.

Join survey sites like Swagbucks to collect absolutely free gift cards in your spare time. Don’t forget to verify your email address from Swagbucks in order to claim your $5 bonus!

I use those gift cards to shop from my favorite stores like Amazon, Walmart, Target and Starbucks!

5. They have an emergency fund:

Life is a bed full of thorns and a road with unexpected twists and turns.

Expect the unexpected. You never know when you get laid off or need immediate treatment for a disease.

It is best to have at least $1000 in your emergency fund.

In cases of emergency, this money will help you from being broke. Trust me, your future self will thank you for doing this!

You might get trapped in the world of debt by not having an emergency fund.

6. They focus on earning more money:

Start a business or start a side hustle to earn extra income.

Utilize your free time as much as you can! At the end of the day, every dollar counts.

Side hustles will allow you to live below your means without giving up on your favorite Starbucks coffee!

I love earning a few hundred dollars from my couch in my leisure time. Here are some survey sites that I use for earning gift cards.


Answer questions about your interests and buying habits and redeem yourself with gift cards! Gift cards are as good as cash! On top of that, if you shop with MyPoints you can get up to 40% cash back with every purchase!

Join MyPoints.

American Consumer Opinion:

Make money by answering surveys on this website.

They have paid out over $30,000,000 in cash to their members.

Join American Consumer Opinion.

7. They invests their money:

habits of successful people
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No matter how much you are earning, if you are not investing it, you will automatically lose your money over time.

Investing your money will help you to fight inflation and build wealth in the long run.

Start investing as early as you can and take benefit of the compound interest. This is how rich people stay rich.

Investing your money will allow you to diversify your income and generate passive income on top of your full-time job.

If you are new to the world of investment, I highly recommend you to check out Acorns.

Acorns will help you to invest your spare change every time you shop online. Without any effort, you will be able to invest money on a daily basis.

If you cannot make your money work hard for you, you have to work hard for money till your last breath!

8. They take advantage of a high-yield savings account:

Most savings accounts across the world provide less than 1% interest rates.

CIT bank offers very high-interest rates.

Here the interest rates are 10 times higher than a traditional savings account.

Some of you might be skeptical about online banks. But, if you want to get started and put your foot in the door, CIT bank is definitely worth it.

9. They save money for retirement:

If you don’t want to work until the last day of your life, make sure that you are saving enough money for retirement.

The earlier you start the better.

How much should you save?

Start by saving at least 10% of your pre-tax income.

To speed things up, you can automate your savings with Chime or keep some money in a high yield savings account like CIT bank.

Personal Capital is a FREE resource that offers a financial dashboard for you to get a complete view of your finances and even plan for retirement.

Their goal is to give you a better and more logical way to invest your money. It allows you to track all your financial accounts from one place.

Budgeting your money, analyzing your investments and saving for retirement will become much easier with this tool.

Sign up now to get top 65 retirement tips for free.

10. They don’t have any debt:

It is a wise choice to pay off your student loans and credit card debts before investing any money.

Debt is a burden for many of us but it is not a choice.

By paying off your debt, you can save more money and plan ahead.

11. Read some personal finance books:

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I read a lot of personal finance books to learn how rich people think.

I always spend money on books without any hesitation.

Rich Dad Poor Dad is one of the best-selling books of all time. I highly recommend you to read this book if you want to acquire wealth-building tips.

The author focuses on the fact that we spend years of time in college and school education but end up learning nothing about investment and finances. Our financial literacy is beyond negative.

This book has literally transformed the way I used to look at my life. I have read this book in my early teens and since then I have stopped giving priority to some unnecessary things that don’t add value to life.

Not only about finances, but the book also has some valuable life lessons.

12. They lead a healthy lifestyle:

“Health is wealth.

The bitter truth is that money cannot buy health. And, if you are not capable of taking care of yourself, how are you going to take care of your finances?!

If you are not blessed with good health, you will never be able to enjoy your wealth (no matter how much you earn).

I don’t feel like working when I am not healthy. It tears me apart inside out. I know how it feels to be unhealthy or live with a chronic illness.

So, take care of your health as much as you can. Adopt a healthier and simpler lifestyle.

Go for a walk every morning or do a few stretches to keep yourself healthy and fit.

I personally use this FYC Folding Treadmill to burn a few calories. I prefer working out at home as it saves my time and money as well.

13. They save money on food:

Rich people don’t spend a lot of money on their food. They settle for healthy meals and homemade foods.

Plan your meals before time.

Try out the $5 meal plan. They will provide you with meal plans that cost $2 per person.

You just have to pay $5 a month to get these amazing meal plans.

They also offer a 14-day free trial. If you feel that this is not for you, you can cancel at any time with no questions asked.

My family and I have managed to save over $200 per month with their meal plans!

The best part is that they also offer a gluten-free version of their service. So, if you are a woman suffering from PCOS/PCOD, you can definitely give this a try.

Sign up for the 14 days free trial of the $5 meal plan.

14. Create a budget and stick to it:

habits of successful people
Image source: Pexels

Many people don’t like budget because it restricts them to some extent.

Without a budget, you will tend to throw away money.

Budgeting helps to balance income and expenses by cutting away unnecessary things like spending too much on your cell phone plan or on shopping.

However, with the right plan, you can still splurge on your favorite Chipotle burrito once a week while on a budget.

15. They automate their finances:

Your time is precious and valuable. So, do yourself a favor and automate your finances.

Negotiate your monthly bills with Trim:

Trim is a great tool to save money effortlessly.

Trim analyzes your spending and negotiates your monthly bills such as cable, internet or phone bills. It will also cancel any old subscriptions.

Just share your basic bill information, and Trim will talk to your providers to get the best rates.

They will also negotiate your medical bills and bank fees.

I personally use Trim and I am able to save an average of $250 each month!

Save money with Trim.

Stack rewards with Drop:

Drop is another awesome tool to save money without any effort.

It lets you earn points for the money that you are already spending.

For example, you order food from Postmates on a daily basis, you can shop directly from the Drop app and earn points.

Then redeem your points at places like Starbucks and Amazon.

Shop with Drop and save more money.

Automate your savings with Chime:

Chime is awesome if you want to automate your savings.

You will be able to save money every time you make a purchase or pay a bill with your Chime Visa Debit Card.

They automatically round up the transactions to the nearest dollars and transfer the round-up into your automatic savings account.

Moreover, it does not have any monthly fees.

Automate your savings with Chime.

16. They spend time with people better than them:

habits of successful people
Image source: Pexels

Having a conversation with the wrong people might bring you down.

According to a study, you become the average of 5 people you spend your time with.

Make friends with people who are already successful or have the same goals as yours.

If you don’t have any friends who motivate you, then read some personal finance books.

I personally read quotes from my idol Bill Gates or Warren buffet to lift myself up. Of course, I cannot become the next Bill Gates, but at least, I can improve my vision in life.

Final Thoughts On Habits Of Successful People:

So, here were some of the habits of successful people who are never broke.

What are your thoughts on building wealth? Are you going to adopt a rich mindset?

Remember, financial freedom is a journey and not a destination. Take small steps every day and become a better version of yourself.

Do you know about any other habits of successful people? Mention them in the comments below!

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