5 5-Minute Habits of The Wealthy and Successful

5 5-Minute Habits of The Wealthy and Successful

It may have taken a while for wealthy and successful individuals to get to their place in life, but it all started with some tiny habits. Money is tied to almost all of our decisions, and it’s those minuscule daily choices that can snowball into big success (or failure). The good news is that you can get started on the track to billionaire status in just five minutes a day. Here’s how to get started: Track your spending The only way to truly build wealth is by investing, and that won’t happen on a larger scale if you don’t know where your paycheck is heading. Think of it like stepping on a scale: it might not be the most fun thing to do, but you have to get a sense of where you are now to move forward and progress. So for just five minutes (most likely even less), you’re going to adopt one of the habits of wealthy by tracking how much money you spend daily and monthly, and whether it’s going towards wants, needs, or your financial future. Once you have a clear sense of this, it’s time to improve – which brings us to our next point: Save (and invest) money like clockwork In terms of financial success, one of the habits of the wealthy you can instantly adopt is to automate your savings. Even if we intend to save our money, we’re only human, and sometimes we forget or spend more money than we realize. However, if you automate your savings, that money is instantly tucked away where it’s harder to spend carelessly, and easier to use for...