In the oldest national university, Brown University, which is considered one of the most prestigious in America, conducted a large-scale study of the financial behavior of a person. Its purpose was to determine the connection between people's habits and their financial success. The study lasted for five years, and involved in it were more than 150 000 people from 50 families, in which money earned, and not inherited. After processing the data and having studied the results, the researchers created a list of useful habits, after which the person will get rich sooner or later.
An additional source of income
Many wealthy people have more than one source of profit. 67% of the rich are due to several profitable enterprises. And this is not just an investment. Those who do not have free funds for investment, earn a few jobs to have them, and then multiply, including through investments, opening their own business, training. They understand that their free time is money, and they try to organize it in such a way as to maximize all their talents and opportunities. Among poor people, only 6% have a habit of seeking additional sources of income.
Reading of professional literature
About 80% of wealthy people call a mandatory habit for financial success to look for information that develops professional skills. Constant reading of special literature helps to increase one's professionalism, to rise to a new level in a career and to earn money corresponding to knowledge and a high position. Often rich people complain that they have very little time to read books of art, because business literature remains a priority. Low-income people, if they read (and this is only 11%), they do this solely for pleasure and choose popular art books. However, in the overwhelming majority, they do not read anything at all.
Budget Planning
Budget calculation is an unconditional habit of 84% of rich people. They strictly plan their expenses for a month, a year and do everything to stay within the budget. Keeping records of expenses disciplines and allows you to see the overall picture of income and expenditure. The wealthy people never appear at the end of the month of perplexity, where they spent money. Their spending is always planned, and even the article for those expenses that will be unforeseen, they also thought out. People who are on the verge of begging, never build far-reaching financial plans. And only 20% of average citizens are systematically controlling their budget.
Reasonable expenditure
Many financially successful people, unlike unsuccessful people, do not allow themselves to spend, which are incommensurable with their incomes. To become rich on their own, the future millionaires are forced to save, including on the status. They rationally spend money, reasonably setting priorities in spending. For example, if there is a question of choosing between an inexpensive and prestigious car, they at first choose a car cheaper to not abandon more important needs and not get into debt. A man who barely makes ends meet, but has a habit of taking out expensive things on credit, and in general, lives in debt, is unlikely to ever get out of them.
Accumulation of savings
Statistics show that 93% of people who have impressive capital, regularly postpone money. It does not matter how much. The main thing is that it became a habit and became a regular obligation. Thus, they created a financial "safety cushion", and accumulated capital, which allowed them to multiply their incomes and become wealthy. The poor seldom save or save money, explaining this by the fact that savings from small incomes will also be extremely insignificant, which means there is no reason to postpone them. There is another argument: they will not be able to live without those even 10%, which are supposed to be postponed for savings. However, according to experts, in either case, it makes sense to start accumulating money, no matter how small this "inviolable stock" did not seem.
Financial authority
Children who grow up and are brought up in rich families often adopt the family's business and experience in building it. This is natural, since the child initially has a financially successful model of running a family business. He does not need to invent a "bicycle". He is already invented by his father or grandfather. People who are less fortunate, and they come from poor families, have to build their own fortune by the brick. For them, the parental authority in business replaces the experience of other successful people who have achieved impressive heights in their business, and are ready to share their knowledge and experience. Many of today's rich have paved their way to financial success with the help of a mentor. They found him in a close circle of their acquaintances or specially tied up a new profitable acquaintance with a man who knows how to get rich. Surround yourself with successful, purposeful people - a very useful habit.
Global Goals
Most rich people confessed that a big goal led to their success. For someone it was a specific amount, and someone just developed their hobby, and did not rely on capital, but on the pleasure of the business, which later turned into a substantial money-capital. People with an average and low incomes are often afraid to set ambitious goals. And in vain! It is necessary to outline an impressive goal, to take obligations and reinforce its motivation. And to go to her successful people advise small steps, ie, break the dream for small purposes. So the task seems feasible and quite feasible.
Passive income
All millionaires and billionaires have passive income. It is impossible to reach such a level without attracting sources, the means of which come without active participation in it. Passive profit includes: bank deposits, investment and trust funds, securities, leasing of real estate or property, patents, royalties, etc. (for example, for the world-famous song "Happy Birthday to You!" Company- the rightholder receives annually about two million dollars). Poor people do not find the time and opportunity to study the sphere of passive income, because they remain poor.