Rich people live according to these 5 rules, says the millionaire self-production

There, to get their wealth, does not stem from the single way.

Some are born with Generation of wealth It gives them a beginning and others make their way through the cereals, determination and Well -given career solutions. Luck can also be a factor.

But there is Little common habits Among the wealthy people Samoroma-millionaireAuthor and television lead Ramit Seti wrote in recent budget.

“It’s time to stop worshiping rich people – and start copying what they actually do,” he wrote.

Here are the five rules that Seti said that rich people live nearby and how you can use them for rich riches.

If you know how much money you earn in a year, you are already a step ahead of many Seti people talked For two decades he helped people with money.

“You must Know your numbers“Seti recently told CNBC to do it.” Shocking, 50% of the couple I talk to, do not know their own household income. 90% of people do not know how much debt they owe. “

Seti said it was easy to track and obsessed with the “3rd question”, such as the price of eggs or gallon gas. But these factors probably don’t have a difference between Being able to retire And it works well for full time in your golden years. Instead, focus on seven key questions, wrote:

1. How much money do I earn?
2. How much debt Do I have it and when I pay it off?
3. What is the percentage of my Income goes on savings?
4. What is the percentage of my Income is invested?
5. How much do I income Spend on housing?
6. What do I want to spend more and less?
7. Which have Money beliefs?

Of course, knowledge of the answer to these questions and will not make adjustments to you far. But understanding your own financial position is key to finding out your next steps.

“Rich people who are smart money can tell you how much they will have next month, next year and even in five years,” Seti wrote.

Instead Setting the budget and oblige to follow it, try to install systems in place to Treat your money automaticallySeti said. Your savings, investments and payments of the bills can be automated, so you don’t even have to think about things you can afford to leave this year.

You can do this by installing wages for your 401 (K) or automatic bank transfer on your savings or brokerage accounts. Except Cash winds Stacked and the rest can be used for pleasure.

“Rich people do not represent financial success in how much they feel today,” Seti wrote. “They build sealed systems that automatically process their money.”

For better or worse, life is full of unexpected surprises. But what often distinguishes rich people is what they have a plan for the future, Seti said. U are not only A healthy emergency fundBut also well understands how they want to look like their lives.

“Most people do not know how much they should save and invest,” Seti wrote. “They’re just Take a random amount From the air and then feels guilty for the next 45 years. “

Find out what exactly you want to do with your money, whether it will give it up completely until you are 60, or start your own business if you leave your 9 to 5.

“Once you have decided, you need to create terms and make a plan,” Seti wrote. “Build a system to keep your back to the wall.”

“(Rich people) live Principle 80/20: 80% of your results come from 20% of your efforts, ” – writes Seti. In business conditions, this may mean that 80% profit comes from 20% customers.

But at a personal level, this means that instead of worrying about $ 3, for example, whether to buy a latte or make coffee at home, focus on “$ 30,000”, for example, whether you can agree on raising or significantly reduce housing costs.

“These questions cost tens of thousands of dollars, and yet we remain in weeds and play small, asking questions $ 3,” Seti Used to say CNBC to do it.

Of course you can save money by always going on The cheapest option. But conservation of several dollars may not cost a defective product or experience.

“Rich people who are savvy with money do not just care about costs – they care about value,” Seti wrote.

He gave an example of the choice to pay for a personal trainer rather than trying to teach himself through free resources as YouTube video. “Having paid anyone, I saved myself endless disappointment – and acquired something much more valuable: time,” he wrote.

Seti emphasized that this rule should apply to the things that are most important to you. Choose invest in several key areas rather than unwind things that are not so important to you.

“Sent money is not to attract it,” he wrote. “Sent money is to use it to solve problems and satisfy your life.”

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