9 Traits of Rich People
How many do you have?
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How many do you have?
/THREAD/
1. Discipline
Getting rich isn't as sexy as many think
It involves doing a lot of boring and repetitive things every day
Rich people don't rely on motivation to get things done
They do daily what broke people do occasionally
Getting rich isn't as sexy as many think
It involves doing a lot of boring and repetitive things every day
Rich people don't rely on motivation to get things done
They do daily what broke people do occasionally
2. Action
Everyone has goals and makes plans for the future
The difference is that the ones that get rich, are the ones that act upon them
Planning without acting is just daydreaming
Everyone has goals and makes plans for the future
The difference is that the ones that get rich, are the ones that act upon them
Planning without acting is just daydreaming
3. Patience
The rich realize that wealth creation does not happen overnight
They are willing to play the long game
They are patient and can wait for years for their efforts to pay off
They never look for quick and easy gains and take no shortcuts
The rich realize that wealth creation does not happen overnight
They are willing to play the long game
They are patient and can wait for years for their efforts to pay off
They never look for quick and easy gains and take no shortcuts
4. Self-learning
The rich always aim to learn more
Bill Gates spends 2 weeks per year isolated reading books
Warren Buffett spends 80% of his working time reading
The broke think they know everything, the rich understand they know nothing
The rich always aim to learn more
Bill Gates spends 2 weeks per year isolated reading books
Warren Buffett spends 80% of his working time reading
The broke think they know everything, the rich understand they know nothing
5. Financial literacy
The rich educated themselves on the basic financial principles
• Index fund investing
• Compound interest
• The Rule of 72
• Diversification
• The 4% Rule
• Accounting
• Budgeting
They have their money work for them to make more money
The rich educated themselves on the basic financial principles
• Index fund investing
• Compound interest
• The Rule of 72
• Diversification
• The 4% Rule
• Accounting
• Budgeting
They have their money work for them to make more money
6. Emotional intelligence
If you want to become rich you need:
• Empathy
• Motivation
• Social skills
• Self-regulation
• Self-awareness
That way you:
• Communicate effectively
• Manage emotions
• Resolve conflicts
• Are optimistic
• Are calm
If you want to become rich you need:
• Empathy
• Motivation
• Social skills
• Self-regulation
• Self-awareness
That way you:
• Communicate effectively
• Manage emotions
• Resolve conflicts
• Are optimistic
• Are calm
7. Time management
Rich people avoid multitasking and focus on things that are
• Valuable
• Impactful
• Important
Time is their most valuable asset and they choose carefully where they devote to
Rich people avoid multitasking and focus on things that are
• Valuable
• Impactful
• Important
Time is their most valuable asset and they choose carefully where they devote to
8. Delayed gratification
Rich people avoid consuming social media content just to get short-term pleasure and instant gratification
They are active creators, instead of passive consumers
They delay gratification to get greater rewards down the road
Rich people avoid consuming social media content just to get short-term pleasure and instant gratification
They are active creators, instead of passive consumers
They delay gratification to get greater rewards down the road
9. Frugality
Rich people do not:
• Wear designer clothes
• Live in mansions
• Drive luxury cars
Rich people:
• Do not obsess over material possessions
• Stick to their budget
• Live frugally
The rich stay rich by acting like they are broke
Rich people do not:
• Wear designer clothes
• Live in mansions
• Drive luxury cars
Rich people:
• Do not obsess over material possessions
• Stick to their budget
• Live frugally
The rich stay rich by acting like they are broke
To summarize:
1. Discipline
2. Action
3. Patience
4. Self-learning
5. Financial literacy
6. Emotional intelligence
7. Time management
8. Delayed gratification
9. Frugality
These are some of the traits that rich people have
How many do you see in yourself?
/END/
1. Discipline
2. Action
3. Patience
4. Self-learning
5. Financial literacy
6. Emotional intelligence
7. Time management
8. Delayed gratification
9. Frugality
These are some of the traits that rich people have
How many do you see in yourself?
/END/
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