It is a big dream for many people to be wealthy, but it is only possible for a few. This is partly due to your income. If you don’t make a lot of money, you won’t get rich quickly. But it is also because of bad habits that it does not work. And these are the 10 most common.
How can you get rich?
Getting rich is not for everyone, but many people dream of it. One because he/she can then buy that mega house, and the other would travel around with it. Everyone has a different motivation for wanting to get rich.
But a lot of people don’t manage to have a lot of money and therefore be rich. This is not only because of how much money you make but also because of some bad habits you have to unlearn. These 10 bad habits will always keep you from getting rich unless you drop them.
1. You don’t know where the money goes
The #1 reason people don’t get rich is that they don’t know exactly where their money is going. Do you also suffer from the fact that your bank account seems like a big mess and you don’t know what all those amounts were for, then it is good to put your finances in order.
For example, take a look at your monthly subscriptions and make sure you stop everything you no longer use. You can also reduce significant expenses, such as often going to a to-go supermarket, by shopping in advance.
2. Put enough money away first
Many people make the mistake of spending the money immediately after receiving their salary. Stop doing that because you’ll never really get rich that way. First, make sure you put enough away in your savings account, then you pay all fixed costs, and what you have left after that, you can spend on fun things.
3. You can’t afford some things
Are you used to buying a new designer bag every month? You may not be able to afford it at all. For example, because you have a credit card where you have much more spending space than on your current account, and because of that, you get stuck with your fixed costs at the end of the month. So make sure you don’t make purchases that you can’t afford.
4. You have negative influences
People who have become rich initially surrounded themselves with people who positively influenced their behaviour.
For example, you can surround yourself with other entrepreneurs, which gives you more drive to earn money and achieve your goals. When you surround yourself with not-motivated people, you will also be much less motivated to work on your career.
5. You only have one source of income
If you only live on one source of income, the chance that you will get rich quickly is also a lot smaller. And there is a chance that if that job disappears, you will no longer have any income at all and therefore will no longer be able to do it financially.
So always make sure you have a sideline that earns you money, such as your job or a part-time job in addition to your current job.
6. You want to get rich too fast
Getting rich is also a matter of time and a lot of patience. Most millionaires are already old, so don’t assume you have six zeros in your bank account overnight. Trust hard work and achieve your goals; only then can you earn money and become rich.
7. You want to do it for others
When your motivation is only external, so you are very much influenced by your environment, the chance that you will become rich is minimal. Inspiration starts with yourself, so you have to do everything you can to achieve something if you want to achieve something.
8. You don’t have a savings goal
Much of the motivation to save comes from having a savings goal. What do you want to put those large amounts aside every month for? Perhaps for a new car, or for the world trip that you want to make? Think of a savings goal for yourself and start earning money for it. This way, you will see that you are much more motivated to save.
9. You always choose the most expensive
Many people think that people who have a lot of money to spend also go to the expensive shops, but nothing could be further from the truth. If you want to get rich, you better pay attention to which brand of chocolate spread you buy to save money. It is not for nothing that rich people are often fond of their money and spend less on unnecessary things.
10. You do not delve into investing
Some people choose to invest their money, for example, in cryptocurrency. But most of the time, they do so without being very well informed about the risks and how exactly to do it. So always talk to a professional before you invest your money recklessly.