Are you one of those who think rich people are evil, selfish, arrogant, and the root cause of all your financial problems, which poor people face? If yes, then my friend, you are blocking your own path to financial success and long-term financial freedom—the first rule to become financially successful is to admire and learn from those who have already achieved it, not hate them
During childhood, every child belonging to a middle-class or poor family has great hatred for the rich; they always think the rich become rich by stealing from them, and that’s why they are unable to figure out how those successful people achieve it in life, but they’re convinced that they need money to solve their problems.
Does it make sense? A person saying I hate someone, but I want to like that person as well. Everything starts with the right way of thinking, and we should rectify our thought processes and align them with our actual dreams. To emulate someone, the first step is to understand their traits and incorporate them into our own lives. There are five most important lessons we could learn from rich and successful people; these lessons are also the foundation of financial freedom and long-term wealth.
THINGS YOU SHOULD LEARN FROM THE RICH:
There are various things you can learn from rich people, but the most important is their habits, which make them distinct from others. These habits might be difficult to apply because they need a lot of discipline, but if it were that easy, everyone could’ve done it. The secret recipe has some important ingredients, and those ingredients are
AMBITION: The first key to financial success
Ambition is the most important thing you should have. Because everything just starts from a dream that a person has, while awake, that dream isn’t just a dream like every person has. For example, everybody says this is my dream car, that is my dream house, or this is my dream life. Unlike them, the dream-rich have an ambition or a purpose in their life:
Without purpose, the person is like walking blindly
As Norman Vincent Peale writes in his book, The Power of Positive Thinking, “Shoot for the moon. Even if you miss, you’ll land among the stars.” This shows why ambition is the starting point of financial well-being.
How to Apply Ambition in Daily Life
- Write down the specific financial goal every morning. For example: Save $500 this month or pay off my credit card in the next 90days. Writing goals daily helps your brain to act
- Build a vision of your ambitions: Save the pictures of the cars, bikes, houses, outfits, etc., you want to buy. Visualizing goals will train your mind to look up to it
- Have realistic ambitions and write them down, don’t make vague goals like “I want to be a millionaire,” but be clear, “I want to make $10,000 by investing in a year
- Share your goals with trustworthy people; this will help you stay on track towards financial independence
FOCUS: A success habit for wealth building
Focus is the key habit of successful people. After ambition, focus plays a vital role in achieving it. The person who walks to his ambition with focus never gets lost. If the lion doesn’t focus on which buffalo it will grab and hunt. If it runs after the whole pack, it surely dies starving.
As Tony Robbins emphasizes in his book Awaken the Giant Within, “You get what you focus on, so focus on what you want.” Rich people succeed because they direct their energy toward specific goals instead of distractions.
Practical Ways to Build Focus
- Do meditation for 10 minutes daily: this will help you to keep your mind clear and calm while working
- Apply the two-minute rule: The financial task, such as paying utility bills, transferring $20 in a savings account, or updating an expense tracker. Do it right away instead of procrastinating
- Adopt single-tasking with money habits: For example, if you want to review monthly expenses today, complete that task, don’t check stock prices or crypto updates at that time
- Schedule a Money-hour in your daily routine: Give yourself an hour after office hours, that is, 8 pm-9 pm, only for wealth-building activities (Finding investment opportunities, financial education, etc.)
CONSISTENCY: The Secret to Achieving Financial Independence
This is the most common habit the rich people; they never give up and always work consistently. Discipline and money management are crucial here — consistency is what transforms effort into long-term success.
If anything can beat luck is consistency.
If you fail 100 times, try for the 101st time because you don’t know in which span of life you will get success; if you stop trying, you will miss the chance of that success hit. It’s like you win the lucky draw but forget to claim your prize.
As Aristotle once said, “We are what we repeatedly do. Excellence, then, is not an act, but a habit.” Consistency is the bridge between ambition and financial freedom.
Daily Rituals for Consistency
- Save a fixed amount like $10 every day. This habit will build consistency and grow savings over time
- Track expenses at the same time every day, like you brush your teeth. This will make it part of your daily routine
- Build a tracker for financial habits: add savings, review expenses, review budget, etc. Visual tracking keeps you on track
- Automation in savings: Set up an automated transfer of a certain amount on payday to a savings account, to keep it consistent and hassle-free
LEARNING: The wise person learns till the last breath
As Socrates observed in Plato’s Apology, “The only true wisdom is in knowing you know nothing.” In modern words, you don’t know what you don’t know — a reminder that lifelong learning is at the heart of financial success. You don’t know what you don’t know.
There are lots of things a person isn’t aware of; there is nobody who knows everything, but everybody knows something. If you want to build lasting wealth and achieve financial independence, you must keep learning and adapting knowledge, so learn as much as you can, maintain the habit of listening, and have a circle of well-educated and experienced people who always increase your knowledge.
As Benjamin Franklin wisely put it, “An investment in knowledge pays the best interest.” This is why the rich never stop learning—because knowledge multiplies their financial success.
Learning Resources: Books, Mentors, Courses
- Read at least two pages daily of personal finance or success books; reading at least will help you to keep motivated and avoid being exhausted. Read books like: Rich Dad Poor Dad (Robert Kiyosaki) or The Millionaire Next Door (Thomas J. Stanley).
- Listening to knowledge: While exercising or cooking, listen audio audiobooks or podcasts to keep up with the fresh knowledge and experiences of individuals. This will save you time
- Online courses: Take online courses quarterly, don’t burden yourself, take short courses from Udemy, Coursera, etc., and extend your knowledge
- Find a mentor: An experienced mentor can teach you 100 books; find a mentor and take pro tips to financial success
OPPORTUNITY: Smart Money Management in Action
Every rich and successful person can hunt opportunities; in this game of money, there is always less food and more hungry people. That’s why you are supposed to have a good eye for opportunities that will help you accelerate your speed on the journey to success. Let’s suppose there are four hungry lions in the jungle, and they see a deer in front of them. The dear is an opportunity, and the only way to grab that opportunity is the attention and the ability to act quickly. Only one lion will get that dear who has both of these skills. Always stay alert and act on time.
As entrepreneur Chris Grosser said, “Opportunities don’t happen. You create them.” Rich people are trained to see doors where others only see walls.
How to Train Your Eye for Opportunity
- Read business and finance news daily for 10 minutes, which will build awareness and help to find a job or investment opportunities
- Keep an Opportunity Fund: Build a habit to save $500-$1000 aside, if an investment opportunity pops up, you can avail it instantly
- Network is net worth: Attend seminars, workshops, community events, and expos related to wealth-building and finance, meet people, and talk with open open-minded approach. Opportunity comes from people, not the internet alone
- Write your findings on the weekend: every Sunday, make a list of opportunities that came to your attention; a monetizable skill, investment, or business idea you overheard last week.
CONCLUSION:
If you want to walk on the path of financial success, stop hating the rich and find out how they make it. Do you have any common habits with them? If not, then change your habits gradually to achieve financial freedom. The recipe is simple: have an ambition, develop a focus, work with consistency, keep learning on each step, and always have an eye for an opportunity. These are the proven keys to financial success. Apply them with persistence, and you’ll move closer to financial well-being. It is irrational to hate someone you want to be like.
Robert Kiyosaki writes in his famous book Rich Dad Poor Dad, “Financial freedom is available to those who learn about it and work for it.”
So, which of these 5 proven habits will you start from today? It’s time to take the first step towards financial success.
