10 Essential Rules Followed By The Wealthy – Page 2 – WaitUp

10 Essential Rules Followed By The Wealthy


8. They Live Below Their Means

In this age of extensive credit, it’s too easy to live above your means. Those who keep and expand their wealth don’t do this. They constantly live within their resource limits so they can invest their money and put it to work for them.

Ideally, you should pay cash whenever possible. Avoid the temptation to charge any purchases. When it comes to your monthly expenses, take steps to lower them, and cut any unnecessary spending from your budget.

The more money you have to put into a business or idea, the more income it can produce. It becomes a beneficial cycle that preserves wealth.

 Static Flickr
Static Flickr

7. They’re Fine with Selfishness

It may feel good to focus on making other people happy, but the very rich will admit that they’re more concerned with their own needs than with making the world a better place.

Despite what you may be thinking, this isn’t always a faulty quality. As the rich improve their own numbers, they’re in a better position to help the less fortunate in a more meaningful way.

They focus on their needs and desires, and then they focus on finding a way to fill them.

 Popsci
Popsci

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