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4 habits of rich people that make them successful

The following article is an initiative of NSE and is intended to create awareness among the users.

February 28, 2018 / 15:50 IST

Everyone aspires to be wealthy and successful. People look up to their role models and want to be like them. They see how successful their idols are but fail to see the hard work behind it.

Always remember, what you do today, matters. People become rich and famous because of certain daily habits. It takes a lot of effort and discipline to achieve financial and personal goals. Your habits make what you are.
If your goal is to be successful and wealthy, here are some habits of the rich and famous people you must imbibe

1. Saving early: 94% of the self-made millionaires became rich by saving 20% or more of their income. They started financial planning early. You should save and invest from the first pay cheque itself. This habit and discipline pays off in the long term.

2. Lifestyle expenses: Adopt minimalism. Millionaires lead a frugal lifestyle and differentiate between their needs and wants. Experts say lifestyle expenses and not spending money wisely cannot lead to becoming rich. You can use the money saved to save and invest. For example, Warren Buffet.

3. Persistent: You have to be passionate towards your goal. If you want to achieve something, you can’t be lazy. Being persistent has helped many people become millionaires. Keeping pushing yourself. For instance, Jack Ma was persistent and despite many lows, he now leads one of the top companies in the world-Alibaba.

4. Company: Millionaires always surround themselves with good company who can uplift them. Always stay in positive company where you learn how to grow.

first published: Feb 28, 2018 03:40 pm

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