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12/22/15, 7:12 PM
JEGEDE (/AUTHOR/ABAYOMI-JEGEDE)
There is one secret that almost every rich person knows. This secret is very
important because its the reason they are rich in the first place. This big
secret can be summed up in the words of the mighty Aristotle: We are
what we repeatedly do. Excellence, then, is not an act, but a habit.
Rich people have gone through the painful process of forming rich peoples
habits, and you can become financially prosperous as well if you make up
your mind to do the same. Together, lets examine 10 habits of the richest
people in the world to help you make up your mind to make these habits
yours, too.
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Brian Tracy said that rich people think in terms of what they earn hourly
rather than monthly or annually. Because they think hourly, whenever they
are spending time on unproductive activities, they think about how much
they are losing with every passing moment. Rich people dont spend too
much time on social media or watching TV. They work around the clock and
cannot afford to waste any minute of their day.
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utm_source=post&utm_medium=byplayingyourcardsrightyoucanmakesomeeasymoneyonlinedoingthingsyoursquorea
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(http://www.lifehack.org/articles/money/10-moneymistakes-successful-people-dont-make.html)
10 Money Mistakes
Successful People Don't Make
(http://www.lifehack.org/articles/money/10money-mistakes-successfulpeople-dont-make.html)
(http://www.lifehack.org/articles/money/15-surprisingways-rich-people-think-differently.html)
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Tip: Learning to live on less than you earn takes time. Start by looking for
ways to save money: 55 Practical Ways To Save Money Eciently
(http://www.lifehack.org/articles/money/55-practical-ways-save-moneyeciently.html).
(/)
MOTIVATION (/COMMUNICATION/MOTIVATION)
COMMUNICATION (/COMMUNICATION)
RELATIONSHIPS (/COMMUNICATION/RELATIONSHIPS)
LIFESTYLE (/LIFESTYLE)
MONEY (/MONEY)
2. They dont Uxate on price;
they understand
the
importance of value.
PRODUCTIVITY (/PRODUCTIVITY)
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The price you pay for an investment, a meal or piece of clothing is only part
of the story. Successful people also think about the value of that good. For
investments, they consider the prospects for the investment growing in the
future. For personal items, they look for high quality products that will last.
For example, a well made pair of business shoes may cost $200 or more but
these shoes can last for years with proper care.
Tip: Buy high quality products that will last for a long time.
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once a year to review your life and financial plan is an excellent way to stay
on top of important changes.
Learn: Arrange your finances for the long term with estate planning
(http://www.investopedia.com/university/estate-planning/).
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(e.g. home, auto, and life insurance) and the importance of asset allocation
(http://www.dummies.com/how-to/content/how-to-find-your-perfect-assetallocation.html).
Remember: If it sounds too good to be true (or if you dont understand
how it works), slow down and start asking plenty of questions.
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Rich people dont think like average people. Thats the world we live in.
Being able to maintain a massive wealth over a long period of time is not
something easy if you dont have the right mentality. How would you
explain that a large number of lottery winners who go broke
(http://www.businessinsider.com/10-lottery-winners-who-lost-it-all-20105?op=1) after a few years?
They dont have the rich people mentality.
When you look at the way rich people think, you will notice some intriguing
similarities.
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They dont just relax and wait for interest to come in. In an ever-changing
world, rich people think about the future, but have the means to act now.
Good investors know how to make a quick decision to seize a fleeting
opportunity.
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vision will allow them to find other peoples money to make their
investment worthwhile.
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utm_source=post&utm_medium=thereisonesecretthatalmosteveryrichpersonknowsthissecretisveryimportantbecause
(http://lifehack.org/books?ref=Money)
http://www.lifehack.org/articles/money/10-money-mistakes-successful-people-dont-make.html
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