10 Differences Between the Habits of the Rich and the Poor That Explain a Lot

2019-08-30

It’s mind-blowing that the 26 richest billionaires own assets equal to those of the 3.8 billion poorest people of our world’s population. For some of us, it doesn’t seem fair, but there’s still the obvious question of how they did it. When you start studying this topic, you realize that rich people have some habits in common that helped them to become so financially successful.

We at Bright Side hope that everyone has enough opportunity to meet their sincere desires and found 10 habits that distinguish poor people from rich people.

1. Giving and sharing is the sign of a rich mind.

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Give first! 79% of the rich have volunteered for charities. They made a habit out of giving their time, money, and expertise.

Donations, charity, and gifts to friends and relatives are not just a sign of a good heart, but also of a wealthy life. Of course, there are greedy people everywhere who just want to consume, but a rich person knows that money needs to move and other people need help.

It doesn’t mean that you blow all your money — doing everything within reason is crucial.

2. Don’t say NO!

Try to count how many times a day you say no or refuse someone’s idea. Even if you’re 100% sure now that something isn’t going to work, just wait. Give it some time. Be open-minded!

Being tolerant and patient is crucial when it comes to acquiring wealth.

3. Don’t gossip if you want to be rich.

Gossip damages relationships and closes doors to your success. Rich people have a habit of not saying anything behind the backs of others.

If you have a problem with someone, it’s better to go to that person and talk to them directly. Such an attitude will add some bonuses to your reputation in high society.

4. Have a goal, not a wish.

If you want to be successful, set a goal, don’t just wish. You cannot control the outcome of a dream! By planning and knowing exactly what you want, you take steps toward wealth.

5. Rich people don’t hope to win the jackpot.

Thomas Corley, an author who studied self-made millionaires, came to the conclusion that a successful person doesn’t gamble regularly and doesn’t wait around hoping to win the lottery.

It doesn’t mean that they don’t take risks. They absolutely do! But the thing is they count everything in advance and to rely on themselves, not on a fortune that isn’t a sure thing.

6. Wealthy people read a lot.

Bill Gates says he reads 50 books a year and it gives him a huge advantage. And he is not alone among rich people who think that reading is “the way.”

However we’re not talking about books that are just for fun, but also those that include information about self-development. They should educate you and give you new ideas. 11% of rich people and 79% of poor people read for entertainment.

7. There’s no need to show off.

A successful Boston plastic surgeon says that the really wealthy are normally not the ones who wear the most expensive clothes. They don’t buy flashy cars and latest bags. Your neighbor could be a billionaire, but you will never know about it.

8. Wealthy people make taking care of their smile a daily habit.

62% of rich people floss every day compared to only 16% of poor people. The smile is one of the first things that we notice in a person. It can spoil your whole image if you have bad breath and yellow teeth.

9. Taking on debt is a habit of the poor.

American businessman David Ramsey says that the wealthy stay away from debt. If they need to buy something, they would rather save money for it and pay with cash.

Borrowing money from a bank for a vacation or for a car doesn’t seem reasonable because you need to pay interest on the loan. “Debt is a big obstacle for building wealth,” advises Ramsey. Living beyond one’s means and an inability to count money can’t bring success.

10. You can’t succeed on your own.

Rich people build teams! They can’t handle everything by themselves. They’re not the smartest people in the world. If they don’t know something, they give tasks to others who are more knowledgeable on the subject.

It’s not shameful to ask for help from other people.

Which habit is the most important for success? Do you have your own habits that help you to achieve your goals? Please share your experience with us and leave your comments below!

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