Habits That Can Increase Your Wealth.
It has often been said that habits can make or mar a person. There are some habits that can ultimately make you go broke, and nobody likes being poor. Read about healthy habits you can cultivate to increase your wealth
-Find good, thoughtful books to read-
Great leaders, successful businessmen and women are all known to read a lot. Reading not only allows you to learn new ideas and tricks but also allows you to learn from the failures of others.
-Create an exercise plan that works for you-
Studies have shown that having an exercise routine gives you more energy throughout the week. Exercising also helps with brain function and helps you stay healthy. It also prevents extra doctor’s visits and medications that cost money. It doesn’t have to be intense.
-Stop eating out every day-
It is easy and fun to eat out for lunch every day. But it is also more expensive than packing your lunch from home. You can save a good amount of money by making your own lunch instead of spending on lunch everyday, wish is of course relatively expensive.
-Stop getting drinks after work daily-
This may seem tedious but it is the same logic as eating lunch out every day. Many people often end the day in bars and clubs after a hard day’s work. Some also take solace in the aforementioned places to escape the hectic traffic that is a common feature of most cities. While drinking after work may seem like a good idea for catching up with friends and easing off stress, it would leave a serious dent in your wallet.
-Learn how to cook-
By learning how to cook, you will potentially create a new hobby and start saving some extra money. Eating out, as already stated, is expensive and cooking can be fun. On those weekends and public holidays when you are home alone, cook a healthy meal for yourself instead of looking for an eatery or fancy restaurant to eat. And that’s way cheaper than dining out.
-Plan Out Your Meal weekly-
This goes with learning how to cook. Planning out your meals allows you to know exactly what you need to buy at the grocery store, no more and no less. This way, you can visit the grocery store or mall once a week and get all the things you would need for the week. This is ultimately cheaper than running to the mall every time you run out of ingredients.
-Have at-home date nights-
Date night at home is sometimes more fun. Create the environment of a date with special food, candles (for the romantics), board games, or your favorite movie. You can switch off all the lights, perch on your favourite couch, get some popcorn and drinks, and pretend you’re in the cinema. Doing this with your loved ones gives you more privacy and the opportunity to bond better.
-Cut the cord-
Inasmuch as information is paramount in this IT age, you can cut down on your subscriptions. For instance, what’s the essence of paying for the most expensive bouquet on cable TV when you’re rarely at home to watch it anyway? You can easily get an antenna that allows you to get the main local stations to watch on the few occasions that you are at home.
-Take advantage of different stores/malls-
These days, there are lots of big malls and supermarkets springing up in every corner of major cities in the country. Rather than going to a small shop by the roadside that sells items at double the price, it is better to visit a mega-store that buys directly from manufacturers and sells to you at a cheaper price. That is not to say that there aren’t small shops that offer fantastic prices; you just have to find them.
-Put away the rest-
Create goals and save what is needed to meet them. What is left is what you have to live on, and if you don’t have enough to live your lifestyle now, you will need to rethink your savings goals and expenses. After you have enough for your needs, then you can start looking into the wants you can buy in life.
Parting shot:
Ultimately, changing habits take time and none of these will stick immediately. Creating financial stability is not easy. Be persistent and also be patient in seeing the results. Unfortunately, real wealth is not getting rich quick. It is being disciplined and patient. When you have enough saved, start to invest. Make sure you know what you are doing and if you don’t, get help from a financial advisor so you don’t end up wasting your efforts.
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