7 Wealth Habits That Make Wealthy Men

Show me a man of wealth and I’ll show you a man of good habits. For every self-made rich man you see, there is always a track of habits he/she intentionally developed which launched them to their wealth status. You might call them the rules of wealth or the wealth codes. If you as a youth intend to join to climb the wealth ladder, there are seven habits I’ve observed from wealthy men which must carry you.

(Please note that I will be suggesting some books in this post and some of them contain affiliate links)

SET GOALS

A goal is simply what you want to accomplish in the near future. Attaining wealth is directly related to the list of your personal goals. The late Jim Rohn would always attribute his early success in business to when he started thinking of and writing his goals. Wealthy men know what they want to achieve in the week, in a months time or in a year. They know how much they want to earn or the people they want to meet each year and the exact thing(s) they have to do to achieve it. Setting goals is a wonderful and motivating habit you should develop.

Recommended Book :

Goals!: How to Get Everything You Want — Faster Than You Ever Thought Possible

  1. CONSTANT LEARNING

Our world is driven by information. It has created billion-dollar empires and caused the downfall of many. Information in the eyes of a wealthy man is like treasure. They more of it he has, the more he stays ahead in the game.

Wealthy men spend ours acquiring new knowledge, learning about their business and how to run it better. There is a saying that “readers are leaders”. How much of your time to you spend learning about your gift and acquiring knowledge that will help you become the best you can be? Jeph Bezos, founder of Amazon once told fast company magazine that he buys 10 books per month. How many have you bought since January 2014?

  1. MAXIMIZE EVERY SECOND

Time is a gift from God. Wealthy men value it so much they know they can’t abuse it. You attract or repel wealth by the things you do each minute of the day. They don’t spend hours Facebooking and watching home videos. It’s not like they don’t do these things, but everything has it’s time. “There is a time for everything, and a season for every activity under heaven” – Ecclesiastes 3:1.

If you wish to attract wealth, you must be a leader of time. Learn how to maximize every second of your life, engaging in those specific activities that feed your mission and vision.

  1. THEY CONTRIBUTE TO SOCIAL WEALTH

What is the essence of wealth if it blesses nobody? Ask yourself, what purpose is your wealth serving? Whatever we possess in terms of material resources, wisdom and knowledge, gifts and talents, character etc. is meant to positively affect the lives of those around you. After all, your wealth is not your own but a gift from God.

Bill and Melinda Gates and Warren Buffet in 2010 initiated a pledge called “The Giving Pledge”. The purpose is to encourage billionaires around the world to pledge to give at least half of their wealth to philanthropic causes. This initiative has already attracted 127 billionaires from around the world. True happiness comes from knowing that your wealth is not just serving you, but also so many other people. You don’t have to be rich to contribute. Discover the little you can do in your community and do it with a sense of purpose.

  1. STAY CONNECTED TO SOURCE

The journey to wealth is individual and each of us has a roadmap already made to lead us to success. As entrepreneurs, it’s very easy to disregard you roadmap and pursue someone else’s due 2 difficulties or quick success desires. This is why you must submit yourself to the leadership of the Source of True Wealth and happiness. JESUS! To attract true wealth, you must appreciate the fact that God had the plan for your life even before you were conceived.

“If you have anything or if I have anything, it’s because it’s been given to us by our Creator,” David Green

 

  1. FISH WITH BIG NETS

This reminds me of the security man in my church. He is a practical example of fishing with big nets. He has created 3 to 4 other income streams as supplement to the monthly salary he receives. That’s the idea. He makes money repairing foot wears and washing members’ cars; plus one or two other skills he can decide to monetize. The only difference between you and my church security man is that you can read and write and he can not. He is not schooled. What school education couldn’t give him, personal education and wisdom has given him. Fishing with big nets entails building multiple streams of income. It means not putting your eggs in one basket. Spread it!

  1. LEARN TO FAIL FORWARD

A concept championed by Pastor John Maxwell. I personally failed many times when I ventured into internet marketing. It was really disheartening, but I pressed on. I still fail a lot today, but the only road I know is the one that leads to the top. All that internet marketing knowledge has paid well and now helps me hugely in my life coaching business. Every wealthy person is someone who failed, yet never regarded himself as a failure.

“You are not a failure. It’s the method that failed you. The next could honour you. A lot of people need you to believe in yourself”.

Comments

comments