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10 Things Rich People Do That Poor People Do NOT – Habits of the Wealthy

10 Things Rich People Do That Poor People Do NOT – Habits of the Wealthy

Are the rich and wealthy people just good with money, or is there a deeper brilliance to their success?

Most people including myself would agree that there are certain choices and daily habits that are targeted towards wealth.

The Habits of Wealthy People – 10 Choice Lessons

This following list started out with two American wealth gurus having their own lists for things that the rich do which poor people do not. These two wealthy gurus combined their ideas into one excellent list.

What took place is that wealth guru Tom Corley wrote a list of 10 rich habits that will make you rich, followed by 18 poverty habits that are keeping you poor.

Then along came another wealth guru, Dave Ramsey, who created his own list of 5 simple habits of the wealthy. You can read his list here.

This following list has been compiled of 10 things rich people do and poor people don’t. And the funny thing is… these routines and habits have nothing to do with money.

1. The Wealthy Eat Right

To begin… Tom Corley did his own research to find habits of rich people vs. poor people – to find that 70% of wealthy people eat less than 300 junk-food calories each day. While 97% of poor people eat more than 300 junk-food calories per day.

The lesson to be learned? Your body is a temple… treat it as such!

2. They Stay in Shape – They Keep FIT!

We all know that a healthy body usually means a healthy and clear mind. According to research, 76% of wealthy Americans exercise at least 4 days a week, when only 23% of poor people do.

3. The Wealthy Set Goals for Themselves

Setting goals for yourself starts with a strong desire. It is stated that at least 80% of the wealthy focus on accomplishing a single goal. It is also stated that the wealthy write their goals down in a location to be seen which is 4 times greater than the poor.

Only 12% of the poor people have a goal written down.

4. The Wealthy Do Not Disclose ALL

Blurting out ever thought or idea is not going to get you very far in the business world. According to Corley, only 11.6% of the wealthy will blurt out what’s on their mind, compared to a whopping 69% of the poor.

There is nothing wrong with keeping thoughts and ideas to yourself. People will flock to you when they see your success. You will look like a super hero and they will want to know your little known secrets to wealth.

5. The Wealthy Keep a To-Do List – They Stay Organized

We’ve all heard the saying ‘Spinning Your Wheels’. Being organized by keeping a to-do list is one of the habits of the wealthy that may seem too simple to be true.

Research shows that 81% of the wealthy keep a to-do list, while only 19% of the poor will.

4 Secrets of Network Marketing Success

4 Secrets of Network Marketing Success

Maybe there was a secret 800 number that one could dial prospects into that would make them sign up right away.

Or a secret training system that when followed, guaranteed success.

What was the Holy Grail of Network Marketing? What was I missing?

Here are a few things that top income earners kept telling me –

1. Invest in developing yourself. Read every day. (Huh? What was THAT going to do to grow my business? How would that create the income I desired?)

2. Pay attention to your “self talk.” Replace the negatives with positives; even use affirmations. (Again, just show me the money. Enough of this airy fairy stuff!)

3. Know your why, which will develop the how. (Okay, this one really blew me away. What does the WHY have to do with the HOW?)

4. Develop a systematic business plan and approach to working your business. (This one made a little more sense, but what was I supposed to be DOING?)

One day, feeling like I had been chasing my tail for far too long, I decided to give these four ideas a try. I would read and listen to positive books and audios. I would start paying attention to the times I said “I can’t” and replace that with “I can, I will, I AM!” I would concentrate more seriously on my why, and see if the how would show up. And, I would write up a daily, weekly and monthly business/action plan and STICK to it for once.

Here is what happened.

My mindset started shifting through my reading and listening. I began to realize that all of the other “success stories” in Network Marketing had also traveled this same path. Nothing was special or magic for them. They also heard the no’s; felt like quitting; and wondered if they had lost their mind at times. This made me feel better and my attitude, outlook and expectations began to change, almost unconsciously.

Again, without me giving it much thought, I found myself saying “I can” and “I believe in me” much more. I replaced doubt with positive expectation. Instead of sitting down to make calls and thinking “I don’t know why I am doing this; they won’t be interested anyway”, I found myself thinking “I am going to have a very positive outcome; this person will either be interested or pass on a referral.”  Just having this positive outlook gave me a posture on these calls and it worked; people were interested.

I wrote out my why, my dreams, and my hopes in a journal. I cut out pictures and word phrases to go along with my own words and began to read it twice a day. I would spend ten minutes of focused time dreaming, thinking about and feeling what it was like to have these things as a reality. With my “why” placed firmly in my mind throughout the day, I became determined to let nothing and no one stand in my way.

And, guess what? The “how” really did show up. I began to come up with creative, inspiring and exciting ideas for working my business. I started having fun with it and actually began to enjoy what I was doing. This made me leap out of bed, ready to get going each day.

This new-found enthusiasm made it very easy for me to map out my action plan. For the first time, I truly knew what I was going to do each day. I set up a 90 day action plan and worked it backwards to figure out what to do each week, and then each day. I didn’t personally worry about setting income goals. Instead, I set my “Will do” actions and intentions. And, I accomplished them and added to the list.

The feeling of success that came from just taking action was enough to empower me to create more time for my business, and to do those things that I truly enjoyed. Yes, I spent some time in the areas I didn’t enjoy so much, and as more success began to show up, I started actually liking some of those things, too.

What do you think might happen for you if you incorporate these four simple strategies into your business?

Do you think it’s possible that these might actually be the “holy grail” or “Secret to Success” in Network Marketing? What if it works for you like it has for so many others?

10 Best Tips to Achieve Network Marketing Success

10 Best Tips to Achieve Network Marketing Success

Network marketing is more popularly called ‘Pyramid Marketing’ and it’s a concept where you run your own agency, sell products, grow, and recruit more members along the way. You even train them and take a tiny commission. The dream of every network marketer is to get full-time benefits from part-time work and although we’re not saying it’s impossible, it does take work.

10 Powerful Tips to Succeed in Network Marketing

Interested in networking marketing? We’re glad you stopped by. Here are 10 powerful network marketing tips for guaranteed success that smash those business goals and get you the results you want.

1. Be Serious

Don’t treat it like a joke. Your business is your soul and not a mere hobby. It starts with the right mindset and if you’re willing to succeed, you have to be willing to make sacrifices. That means spending more time investing in yourself, networking with your industry peers, studying up on the latest trends and applying them. Because knowledge is useless without application.

2. Don’t Treat Your Friends Like Business Prospects

Your friends could turn out to be your most valuable inputs or customers, but that’s a natural process and not one you want to force. If your gut tells you not to sell a product to a friend or pitch it, don’t do it. It only makes things worse and they can tell. Use your judgment and don’t blindly follow what your network marketing class tells you. Learn and tweak what you learn in a way that works for you.

3. Use Social Media

Social Media is like your ultimate marketing vehicle in the cyberspace and a proven kind of network marketing success formula. In real life, finding new team members to recruit can be difficult. But with social media, you could work your way towards building a dream team you want. Invest in paid advertising and actively connect with your audience so that you deliver value. Start with any two platforms and stick to mastering them – like Facebook and LinkedIn. Because you don’t want to be a jack of all trades and master of none when it comes to the digital side of your network marketing.

4. Invest in a Mentor

Investing in a mentor is a big YES. You want someone who has been there, done that and is still growing. Why? Because when you’re first starting out, there are a lot of things you’ll have to figure out. Mentors know that and they also know what it takes to cut through the clutter and get stuff done. It’s like achieving 80% results with 20% productive and focused effort. Want that? Get a mentor.

5. Have a Growth Mindset

We’ve talked about mindset above but here’s the difference with this one – it’s not just about being serious but having a growth mentality. What do we mean? You have to be positive even if the odds are stacked against you. You have to believe in yourself, not be afraid of failing, and keep pushing until you get to the point you want. Most people fail and give up when they’re on a losing streak. Be different and you’ll achieve what you want, is what we say.

12 Ways To Save Money on A Small Salary This Year

12 Ways To Save Money on A Small Salary This Year

Are you looking for ways to save money from your salary but aren’t sure how to do that?

Don’t worry! This post will share some tips on how to save even if you have irregular income or a smaller salary.

When I first started blogging I didn’t make any money and we live off my husband’s income. It was hard that year but we made it work and was able to put money in our savings account so it’s totally possible.

After I started making money from my blog I turned it into a business but my income was irregular and changed every single month. Because of that, it was very important for me and my husband to get on the same page so we decided to have a monthly financial meeting every month to set our goals. This post will share 12 ways to save money even with a smaller salary or irregular income.

10 Ways To Save Money From Your Salary

10 Ways To Save Money From Your Salary

A part of what you earn is yours to keep.’

This line from the famous book ‘The Richest Man in Babylon’ by George S. Clason explains a lot about why we should save money for the future. He claims that most of our income goes to other people like our landlord, food vendors, shopping store owners, etc. He says to grow one’s wealth; it is essential to save money, pay yourself first, and pay others who make your life easier.

1. Automate Your Savings

The moment your salary arrives, it is advisable to transfer at least 20% of the amount to a savings/investment account. It’s recommended to automate this process to avoid missing it through a systematic investment plan and earn interest on savings.

2. Make a Budget

Saving money is all about keeping track of your expenses and controlling them. It is good to make a monthly budget by dividing your expenses into major categories and sticking to it. This is a great way to avoid overspending, and you’ll never have an empty wallet at the end of the month.

3. Say NO to Debt

The idea is to earn interest in savings so unless you have a good enough reason to take a loan, don’t receive one.

4. Avoid Late Fees

Late fees are an unnecessary expense generally caused due to a lack of systematic planning. If you often miss out on payments, get an app that can remind you or automatically make the payment on time.

5. Pack Your Lunch

Taking lunch to the office can do wonders to wallet. You save money by not eating out a lot, but it’s also good for your health.

6. Use Public Transport

Finding the cheapest and most convenient way to get to work can also add up. If you have a decent public transport facility, avail it as often as possible.

7. Go Energy-Efficient

Switching off all electric appliances and fixtures when not in use helps save more money than people often believe. Do good for the planet and yourself by switching all lights to LEDs and being cautious of electricity consumption when buying new gadgets.

8. Buy in Bulk

Things that you need regularly and have a long shelf life should be bought in bulk. It not only saves money because of larger quantities but also reduces the need to visit stores frequently. This means less money spent on travel and less impulsive buying.

9. Party at Home

It is great to have a good time with your friends and colleagues in a while. However planning parties at home instead of going out can save you a lot of money on food, drinks, etc.

10. Avoid Addictions

Habits like drinking and smoking eat up your health and energy and your wallet. Avoiding these as early as possible is probably the best thing you can do for yourself.

Keeping a track of your daily expenses and choosing to spend wisely can go a long way in helping you save effectively and efficiently. Remember that every rupee you don’t spend, you save.

How To Save Money From Your Salary: 10 Key Tips

How To Save Money From Your Salary: 10 Key Tips

You finally got a job that pays you consistently. No more wondering if it will be a slow tip day or wondering if you’ll receive a sales commission check this week. Welcome to the world of being a salaried employee! Now, you’re probably wondering how to save money from salary?

Well, saving money from your salary should start from that very first paycheck.  Don’t fall into the trap of putting it off until the next paycheck. It’s easier to start now and adapt your spending after you’ve saved money from your first check.

Been at your job for a while? Following these tips can help you save money from your salary too!

10 Tips on how to save money from salary

1. Budget before each paycheck

Now that you are a salaried employee you will likely have more consistent income. It’s important to have a spending plan for your income before you receive a paycheck.

Determine which budgeting method or tool will work best for you. Do you prefer writing it down in a notebook? Have you tried a budgeting app? Or are you a spreadsheet nerd like me and would excel with a spreadsheet?(See what I did there!)

Include payments to yourself, for example, Roth contributions, deposits to your savings accounts, or you can even set up contributions to your 401k through your employer before you get your paycheck. Plus you can learn more about the difference between IRAs and 401ks while you are at it.

Prioritize saving money and your true needs like housing, transportation, and food costs. Once your needs have been met you can budget for items that are necessities but are important for you to have. If your budget allows for it, leave room for fun money!

2. Set up direct deposit to save automatically

Saving money shouldn’t be a chore. In fact, you can set up automatic transfers and withdrawals from your checking account to your saving or investment accounts.

Check with your payroll administrator about having two bank accounts for your direct deposits. You may be able to allot a certain percentage or dollar amount into a second bank account making your ability to save money from your salary even easier.

3. Track your spending

One of the reasons we fail at budgeting is because we fail to track our spending. We assume we spend X amount of dollars on groceries when in reality it’s double that amount.

Tracking your spending will allow you to know how your salary is being used. Before giving up on saving money from your salary, review your spending for the last few months. Often, we find that there are areas that we can cut in order to prioritize saving.

4. Reduce your costs on the your 3 expenses

The three budget areas that make up the bulk of our transportation costs are housing, food, and transportation. Reducing costs in these areas will leave you with extra cash from your salary to save.

If you own a home, you could look into refinancing your mortgage to a lower interest rate.

Grocery expenses can be reduced by meal planning.  One thing my husband and I like to do is have dinner during happy hour or we take advantage of early-bird specials.

Transportation costs can be curbed by car-pooling, buying monthly travel passes vs daily or weekly ones. And even downgrading your vehicle if you own one.

5. Evaluate current your service providers and other expenses

Are you getting the most bang for your buck? This may be the most tedious of the tips but truly a 15-minute phone call can save you money. If it’s been a while since the last time you had an insurance quote now might be the time to evaluate your service providers.

Home and vehicle insurance are not the only areas you may be able to cut expenses. Previously there were only 4 or 5 cell phone carriers. Now with prepaid plans and other alternative cell phone carriers, you may be able to cut your cell phone bill in half.

6. Tweak your utility usage

Simple tweaks might help you reduce utility costs. Check for appliances that are plugged into their outlets, even if they aren’t being used frequently. Unplugging your cell phone and other electronic chargers when not in use could lower your electricity bill.

As the weather warms up for summer or cools down for the winter, it’s common to have fluctuations in our utility bills. Before turning on the air conditioner try minimizing the amount of sun entering your home. Or perhaps turning on a fan instead of lowering the thermostat might give you the same effect.

And don’t forget to check your lightbulbs! LED bulbs use more than 75% less energy than incandescent lighting.

Best Money Savings Apps

Best Money Savings Apps

Saving money isn’t always as simple as the oft-prescribed “put it away and don’t touch it” advice makes it seem. With financial concerns constantly tugging at our attention, it can be difficult to find the time and money to save for future goals, events or the unavoidable emergency.

Luckily for the tech-savvy, the fintech revolution gave rise to several mobile apps designed to help you save money — and make saving a bit more interesting, to boot. Read on to discover the best money savings apps to help you save for short-term goals like a vacation, long-term goals like a home or college education and pad your all-too-important emergency fund.

Consistency is the root of wealth-building. That said, it follows that saving a little bit of money every single day can be a good practice to start building a wealth mentality. It also happens to be a great way to save money without feeling drastically penalized today to serve your future goals, since you can split your saving into small chunk sand meet targeted saving goals. The following money savings apps can help you get into the habit of saving a little bit of money every day.

Best for saving money on a tight budget: Joy

App Store: 4.3/5, Google Play: n/a
If you’re on a tight budget, the Joy app may be a great way to find money you didn’t think you had.

This free iOS app analyzes your income and spending habits and calculates how much money you can safely save each day without breaking your budget. The Joy app won’t automatically make the transfer for you, so you’ll have to open up the app and decide whether or not to save the money. If you say yes, the funds will be transferred from your linked account to an FDIC-insured Joy savings account.

You can also elect to save more or less than the amount suggested, as you can move money into your Joy savings account anytime. If you need a reminder, set up a daily notification to remind you to make the transfer.

When you’re ready to spend your savings, you can transfer the funds from the Joy savings account to an external account.

Another popular app, Digit, deserves honorable mention. Digit calculates how much you can save each day and will make the transfer for you, automatically — however, Digit costs $2.99, so it may not be a viable option for those on a tight budget.

Best for saving up an emergency fund: Chime Banking

App Store: 4.7/5, Google Play: 4.4/5
Standard financial advice suggests keeping three to six months worth of monthly expenses stashed away in an emergency fund, just in case you run into a financial emergency. In reality, however, around 40% of Americans report they aren’t able to cover a $400 emergency out-of-pocket, while the average U.S. monthly household expenditure is about $5,005.

Chime, a mobile-only bank, hopes its app’s automatic savings features may just help you beat the status quo and make it a little less painful to finally build up your emergency fund. The Chime app is free and available for both iOS and Android devices.

When you enroll in direct deposit and Save When You Get Paid, Chime will automatically transfer 10% of each paycheck into a seperate Chime savings account for you. If you’re enrolled in Chime’s automatic savings program, the bank will also automatically round up each transaction made with your Chime Visa debit card and deposit the amount into your savings account, too.

Best for saving money for a vacation: Tip Yourself

App Store: 4.6/5, Google Play: 4.4/5
Tip Yourself is a free app that may help you save for your dream trip. With the Tip Yourself app, available on iOS and Android devices, you can reward yourself for positive behavior by transferring a little bit of money to your digital tip jar each time you accomplish a personal goal.

If you make it to the gym on a Tuesday, for example, tip yourself $1 (or whatever amount you feel you deserve). The same goes for every other personal goal you may have, such as getting to work earlier or calling your parents once a week.

The app aims to help its users build savings habits and motivate them to stay more consistent about their personal goals, too. The app also has a social feed, so you can share your wins — big and small — with your peers in a supportive community. If you’re into maintaining a streak, there is also a calendar that keeps track of the days you did tip yourself.

With Tip Yourself, you can set a savings goal for your next vacation. When you reach your goal, you’ll feel confident taking a vacation knowing the money you’re spending is your reward for keeping the promises you made to yourself.

IMPORTANT TO KNOW HOW TO SAVE MONEY EACH AND EVERY MONTH

IMPORTANT TO KNOW HOW TO SAVE MONEY EACH AND EVERY MONTH

Saving money is key to reach financial freedom.

However, more times that not saving isn’t taught (or caught for that matter).

It is something we want to do. We want to save. We start each month with a fresh perspective that this is going to be the month we actually save money. But, once again, it doesn’t happen the way you want.

You want to change and start saving money. Plus stick to it.

How to Save Money Each Month – Best, Easy Ways to Save Money

How to Save Money Each Month – Best, Easy Ways to Save Money

We have all heard how incredibly important it is to save money. Saving money allows you to safeguard yourself with an emergency fund and secure your financial freedom into retirement. You have most likely heard the old adage “spend less than you earn,” but how are you supposed to spend less when life can be so expensive? We have some money-saving tips that can help.

The first step is adopting a saving mindset. Frugality sometimes has an undeserved negative reputation, but there is nothing wrong with carefully spending in order to save money every month to reach your long-term goals.

Luckily, there are plenty of ways you can save that are more useful than sticking your loose change in a jar. Below, we discuss some money saving tips you can use to make sure you are saving more money and meeting your financial goals each month.

Track Your Expenses and Create a Spending Plan

One of the first steps you should take is establishing a spending plan. If you monitor how much you spend each month, you will be more aware of bad spending habits you may have developed.

If you write out your monthly spending habits, you will plainly see areas where you can cut back and free up extra money. Knowing where your money is going and how necessary those expenses are is extremely useful.

Once you have identified where you are spending your money you’ll notice areas where you can potentially reduce your spending. Then you can establish a set amount, or maximum, that is reasonable to spend.

Categorize your spending and find areas where you can save money. For example, your rent is a necessary and set expense while the amount you spend in a month on food could be reduced. Establish spending limits for each category and stick to them.

How Much You (Really) Should Save Each Month

How Much You (Really) Should Save Each Month

How much should you save each month? It’s not a straightforward answer! Everyone has a different opinion, and situations vary so much. But if you can’t save at least 20% of your income each month—you NEED to focus all of your attention on making more money.

Before we talk about the 20% minimum, let’s go over why we save in the first place . . .

Protecting Your Savings Against Inflation

First, saving just to save won’t get you very far. While it’s nice to have money in the bank, it actually usually loses value over time thanks to something called inflation.

Inflation is the price increase of goods (like food, gas, and housing) over time.

While today’s inflation rate isn’t as high as it has been in the past (it’s currently about 2%), it can still eat away at your savings. Here’s why: the interest rate of many savings accounts is actually less than the inflation rate. 

Before we break down how much should you save each month, it’s important to understand that you need to save with a purpose.

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