Please use the menu below to navigate to any article section:
When you’re struggling to achieve financial freedom, rich people can feel like an entirely separate species.
They move in different circles. They have different routines. They even seem to think differently from others.
This is not a myth.
Rich people are not actually different, of course, but they do act differently from those who are just getting by.
This is important to their success.
They maintain routines, networks and habits that keep them at the top of their field.
The good news?
You can learn from them.
Yep, rich people share a number of traits and habits that are linked to their success, and the sooner you start acting more like them, the sooner you will reach your goal of achieving financial freedom.
So what do they do?
1. They want it. Badly
Rich people want to be rich, and they’re prepared to do whatever it takes.
Whether that be working 100 hours a week or going without in other areas of their life so they can pour more money into the business.
They know the difference being financially free makes and they’re prepared to make sacrifices to achieve their goal.
It’s often because they want it more than anyone else that helps them to succeed.
Ask yourself: how badly do you want to be rich?
2. They look for help
Rich people have read all the books on how to get rich and they know how important it is to have a guiding hand.
Many entrepreneurs receive help from guides and mentors, and rich people know they’re only as good as the person who is advising them.
They’ve learned to stand on the shoulders of their mentors and see further into the future.
Their mentors see their blind spots and prevent them from making the same mistakes as they did.
Mentors give you a heads-up if there is any debris blocking your path and they’re there for you when times are tough.
3. They’re closers
You’ve heard of the term, no doubt, to ‘close the deal’.
Well, rich people are legendary closers.
This doesn’t mean they’re successful all of the time. What it means is they finish what they start.
They don’t flag halfway through and they don’t throw their hands up in the air and say, ‘This is too hard’.
They persevere, and they finish. Always.
4. They don’t flash their money
Rich people don’t need to boast about their wealth.
They’re interested in achieving financial freedom and not flashy displays of money.
They also don’t talk about how much money they made last year, or brag about their new purchases.
Instead, they enjoy their life, the company of other rich people, and they’re discreet about their wealth.
In order words, they focus on their goal, maintain perspective and they don’t get caught up in all the trappings.
5. They work really, really hard
This one is a no-brainer.
If you want financial freedom, you need to put some serious hours in. Otherwise you can just do what most people do: work hard enough to get by.
The rich work really hard till they have sufficient income producing assets so they don’t have to work really hard.
6. They pass it on
Rich people are aware of the skills and talents they have accrued, and they’re keen to pass them on.
They know the difference some words of wisdom have made to them so they’re more than happy to help others.
Giving back, after all, is as important as earning money.
There are plenty more things that rich people do, but these tips are among the most important and life changing.
If you start some of these habits, and stick to them, you will be surprised at how infectious become wealthy actually is!
Subscribe & don’t miss a single episode of Michael Yardney’s podcast
Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.
Need help listening to Michael Yardney’s podcast from your phone or tablet?
We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.
Prefer to subscribe via email?
Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.