No matter what financial place you are, our goal is to improve your understanding of money. You do not need to be wealthy to do the same things but understanding how money impacts our lives is important to avoid a financial crisis. Wealth is not just money that you have but how you think and feel. It is not just about perception but there are many practices they have adapted to sustain their wealth. Do not feel discouraged, even those on a serious budget can follow these habits.
Do not wait for permission.
They feel deserved to go for the things they want. They do not wait for someone to agree with their idea and give them the green light. You can follow this even without having money. This applies to many aspects of our life. Instead of waiting for your boss or managers to give you a raise or a promotion, taking the initiative by demonstrating you have the responsibility to do so and take on the tasks that are for the position. Without taking the initiative, people will not know what you want. People are not here to read your mind. Demonstrative and taking initiative lets you take the lead ahead of others who are still pondering if others will approve or disapprove. No one will hand you the life you want, you deserve to go for it and give yourself permission to go after what you want.
Be aware of your surroundings.
Many people believe wealthy people do not talk about money which in fact is false. They tend to talk about those who are more knowledgeable about finances like salaries and investment strategies. They are seeking out this kind of information or even pay financial advisors/headhunters to give them key information in their industries. They take notice of their investments, real estate properties, and many more to keep up and improve their strategy. Being aware of what is happening around them prevents them from making the wrong decisions that could hurt their money choices.
Do not be afraid to ask questions if you do not know. The wealthy take the initiative to increase their wealth or sustain it. If they are unclear with the market, they quickly ask professionals in the field to clear up the confusion. Even if the common people do not have the resources to contact their own personal attorney, the internet is at our hands. As long as you are willing to take some time doing the research, there are excellent resources for taxes, buying a home, and so much more. Wealthy people are just paying others to think for themselves. Before we can get there, we need to start thinking and taking initiative first to get the ball moving.
Lucas Zhang was a Finance major at Ohio State University. He writes about finance, mortgages, and technology for Irish Mortgage Brokers.
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Source: Psychology of the wealthy, wealth bringing entitlement
