There are a million ways to become a millionaire, some people just get lucky, and some burn their midnight oil. As they say, if you are born poor, it’s not your fault, but if you die poor, it will be yours. Here at The News Fetcher, we work diligently to bring to quality content, and today we present to you ten things that could be robbing you of your wealth.
Tom Corley, a researcher, was interested in the differences in habits of rich people and those who are not too wealthy. A five-year-long observation gave him the following ten conclusions.
Table of Contents
1. Hating your job
Hating your job is the first thing you need to do if you want to get somewhere. A job is going to fill a large part of your life, so do what you love doing. Maybe life won’t always give you your dream job, but then it is up to you how to make the tables turn.
2. Not paying attention to your health
Health is wealth, and we need to take this seriously now more than ever in 2020. A healthy body will give you the strength to achieve your dreams. Get on to it, make a diet plan and follow it. You won’t enjoy being rich if you are in your bed when you get there.
3. Not reading a lot
How much do you read? In a survey, it was found 87% of the millionaires read over 30 mins every day compared to less than 2% of not so rich people. Reading is food for your brain, and you should feed your brain more
4. Watching reality shows
Among people who are not rich, 78% enjoy series which involve someone else’s private life. On the other hand, there are less than 6% of the rich who prefer watching reality shows. TV is not very liked among the rich; in fact, it is watched less than an hour. The same thing goes on the internet. Though the times are different now, so the internet has to be used judiciously.
5. Believing in fate
It’s true sometimes you need to leave it to your luck to decide what’s fair, But when it comes to matters which concern the real issues of life, The wealthy want to be the one who determines their fate. And 90% of poor people blame their luck with their condition. You need to face the world and make the best of what you have.
6. Waking up late
About 60% of the businessmen with relatively high income observed by Tom Corley woke up at least 3 hours before a normal working day, which is at about 5 a.m. It’s scientifically proven that waking up early improve mental health and well, just gives you a few extra hours to work.
7. Communicating with toxic people
Almost every person who lives paycheck to paycheck knows someone who loves to gossip or spread negativity. The people you talk to is what you shape yourself to be with. So change your friend’s circle right away if you think they are not helping you grow.
8. Not taking risks
You miss 100% of the shot you don’t take. Taking a risk when you can sometimes become the key to being successful. In the survey, more than 50% of the wealthy admitted to taking the risk to improve their financial situation. And while you are at it, No, taking a risk does not always mean a big reward, out of those rich people who took risk more than 75% admitted to having faced some kind of failure at least once in their lives. But they moved on and improved themselves learning from their failures.
9. Spending too much
Sometimes spending less is the key to becoming rich. High-income group people usually save a major part of their earning. You must be saying, well of course because they can afford to. But look around there are so many things that you can cut back on saving a ton of money. Also, avoiding credit is another way to cut back on expenses and to save what would have otherwise gone to repay interest.
10) Not meeting new people
Statistically, about 68% of rich people when asked, said they liked meeting new people. On the other hand, Only less than 15% of poor people said the same. Most people who reached financial stability made efforts to go out in the world and make an impression and maintain it.
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