Most times when this question about why rich people get richer and poor get poorer is asked different people come with different answers, but wherever position you are right now, there is a reason you are there right now.
There is a reason rich people get richer and the poor get poorer. It is not because of the economy, because if it were, then everyone will be poor in the country.
It is not because of the government, neither can it be attributed to luck.
The only one reason rich people are getting richer and the poor poorer is that the rich follow some wealth creation principles that the poor fail to follow.
In this post, I will be sharing with you just 5 habits of rich people that the poor never has.
I know that this post will be an eye opener to you as to how successful people manage to stay successful and grow when the poor don’t seem to get ahead financially.
- They Save to Invest
This is one secret that is yet to be known to the average individual in the society. In today’s economic environment, you cannot save your way to millionaire status. The only reason you should save money is to invest it.
The poor don’t know about this and it is one reason they are getting poorer. For you to become richer, you must learn to save to invest, and not save to save.
Put your saved money into an investment untouchable account. Never use this account for anything, not even an emergency.
The money does two things;
- It yields better interest which in turn brings cash flow
- Your initial money invested is still secure and can be use to acquire an asset that will bring residual income monthly.
So, for you to join the league of the rich, learn to save from your income. Do the best you can and invest your money in the best way possible. It is your first step.
- They Produce More Than They Consume
This is also one of the reason why the rich get richer. The poor only know how to consume but lack the producer mentality that the rich have. Every millionaire is a producer. And the fact is, only producers get rich.
The overarching goal of a producer is not to eat, but to feed people. Producers write articles, consumers read them.
Producer build fast food restaurants, consumers come in to spend their money. Producers prepare pizza, consumers eat pizza, etc.
The rich produce more than they consume. The poor consume more than they produce. You get the point right?
Instead of selfishly pleasing your own desires, you should sought out ways to help those who are in need.
- They Hold Profitable Relationships
Surprisingly, most people don’t know how valuable their networks are, otherwise they would all have fortune and fame. The rich know how to make association with like-minded individuals and this alone help them climb higher.
The poor mingle with anyone that they like. Mostly those in their income level.
Make a list of profitable people in your life. By doing this, the unprofitable people in your life will fade away or your unprofitable relationships with them will fade away.
- They All Have Mentors
The rich have mentors that are way richer than them. This is how they learn and grow. The poor don’t have. They hang out with like-minded individuals and this keep them broke.
Another thing they also do wrong is envying the rich instead of learning from them.
Locate someone who can help and guide you through your journey of becoming great.
Mentors are successful people who are at the position you want to be. Find one and let the person know. Every mentor is always willing to help. Though some do charge. If you can’t reach to them. Buy their books, tapes or DVDs to be mentored through their teaching.
- They Invest in Personal Development
The safest investment you can ever make is in your future. Poor people hardly read books that can help them in their pursuit for success. Instead of having a big library, they have a big TV.
Ask any poor person how many books they have read this year and you will be surprised at the answer. The rich spend at least 30 minutes a day reading. They consume knowledge like air.
If you want to become a multi-millionaire, you need to get serious about self-improvement and adopt changes in your personal and professional life on a daily basis.
Please, share this article with your loved ones and friends to help them imbibe good habits that lead to affluence.