One of the wealthiest men in America, John Jacob Astor, once stated, “Wealth is largely a result of habit.”
Astor created his wealth during the Industrial Revolution, yet his message as just as true today as it was then. In my opinion, Astor’s quote may also apply to poverty, or just getting by in life. Sadly, the truth ain’t always pretty, but here it is:
Where you are at today is the result of habit.
To achieve financial wealth you need to take an objective look at your habits. Are you in the habit of spending more than you earn? Or, are you in the habit of tucking a piece of each paycheck into a savings account or investment? The habit of saving is the bedrock to financial success, so much so that W. Clement Stone claimed your ability to save is a prerequisite to creating personal wealth.
3 Habits That Wreak Havoc On Your Finances:
1. Buying things that you don’t need that always depreciate in value, such as a new car, recreational vehicle, or the latest and greatest living room furniture. Robert Kiyosaki referred to these things as “doodads” in his book Rich Dad, Poor Dad.
2. Failing to recognize or acknowledge the power of the Internet to help you create additional income.
3. Squandering your hard-earned money on things or recreational activities that provide instant gratification while ignoring the long-term implications of not investing for the future.
Wealthy people make creating wealth a priority in their lives. They accept personal responsibility for their success, create goals, and use money to build businesses, support charities, and enjoy life.
You could argue that the wealthy were lucky enough to be born into a wealthy family, but the statistics state otherwise. Only 15% of the wealthy households in America attribute their wealth to inheritances. That means 85% of the wealthy population earned their wealth through hard work, wise investments, and successful businesses. In a sense they found something that worked and repeated it over and over—kind of like a habit, you might say.
Wealthy people habitually do those things that create wealth. You can join this elite group by developing new habits, such as starting a home-based business using the power of the Internet. Today you have access to the most powerful marketing system in the history of humankind—the Internet. Using the Internet and exploring sights such as the one listed in my bio, entrepreneurs have literally gone from rags to riches overnight.
Change your habits and change your financial future.
Ron Taylor
http://www.wealthsearch.org
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