Saturday, September 26, 2015

7 Habits of Self-Made Millionaires - Careers & Finance - EBONY

The Frugal Feminista offers tips on how to acquire the wealth that you've always wanted.

There are certain things that we have no control over. We have no control over when we will come out of this Great Recession and we have no control over being fired or laid off. But we do have control over our personal financial choices and our actions.

In other words, even with the grimmest of financial forecasts coming down hard you on, you can still make it to the land of milk and honey by changing some of your habits and thinking.

If you are willing to shift your thinking about money and life, you have the chance of becoming a self-made millionaire.





The Wealthy Live That #FabulousNFrugalLife. One of the key habits of the self-made millionaire is that they track their spending. Every penny has a position in their multi-million dollar empire. In other words, they keep a budget and are able to differentiate between a want and a need. If you need a budget starter tip, try the 50-30-20 rule. Use 50% of your income for your needs, 30% for your wants, and 20% for your savings and investing. If you want to jumpstart your journey to wealth, flip those last two percentages: save and invest 30% of your income and use 20% of your income for your fun, wants, and desires.



The Wealthy Take Their Grateful Pill Every Morning. Instead of complaining about what isn't working and what has yet to come, try copping an attitude of gratefulness. Being grateful is like a muscle. When you are training yourself to be grateful, you are preparing yourself to both attract and appreciate the greater and the grander.



The Wealthy Have a Crew and Seek to Expand It Strategically. The saying "misery loves company" is only partially true. Wealthy people are about networking, meeting, mentoring, being mentored in order to form meaningful relationships that will result in big dollar bottom lines for all involved.



Read more at EBONY 7 Habits of Self-Made Millionaires - Careers & Finance - EBONY

No comments:

Post a Comment