The millionaire millionaire says that the wealthy live through these five rules

There is no single path followed by the wealthy to get their wealth.

Some are born with The wealth of generations This gives them the beginning, while others work on their way through grays and design and Good professional decisions. luck To be a factor.

But there is a A few common habits Between the wealthy, The millionaire is self -madeThe author and TV host, Ramit Sethi, wrote in a hadith Newsletter.

“It is time to stop worshiping the wealthy – and start copying what they are already doing,” he wrote.

Here are five rules. Sethi said that the wealthy live before and how you can use it to develop your own wealth.

If you know how much money you earn in one year, you are already progressing People Stehi spoke to Over the course of the two decades, it was helping people with money.

“you have to Learn about your numbers“Cnbc Make recently told.” Distinguished, 50 % of the husbands I talk to do not know their family income. 90 % of people in debt do not know how much debts they owe. “

Sethi said it is easy to track “$ 3 questions” such as the price of eggs or a gallon of gas. But these factors may not make the difference between The ability to retire And work full time in your golden years. Instead, focus on seven major questions, wrote:

1. How much money is collected?
2. How many debts Do I have and when I will pay it?
3. What is my percentage The income goes into savings?
4. What is my percentage The income is invested?
5. How many of my income I do Housing spending?
6. What do I want to spend more and less?
7. What is my country Money beliefs?

Of course, knowing the answer to these questions and not making any adjustments will not get away. But understanding your financial situation is the key to knowing your next steps.

“The wealthy people who complain about money can tell you how much you will get next month, next year, and even five years from now,” Sethi wrote.

instead of Determine a budget And commit yourself to adhering to it, try to place the systems in place Take your money automaticallySethi said. All savings, investments and bills payments can be automated, so you don’t even have to think about things like if you can carry a holiday this year.

You can do this by setting up your salary discounts 401 (K) or automatic bank transfers to savings or mediation accounts. In addition, you can set money rules for yourself, such as a report that a certain percentage of each Surprise cash It is invested and the rest can be used for fun.

“The wealthy does not gamble their financial success in how you feel the motives today,” Sethi wrote. “They are building tightly closed systems that deal with their money automatically.”

For better or worse, life is full of unexpected surprises. But what distinguishes the wealthy is that they have a plan for the future. They don’t just have Health Emergency FundBut they also have a strong understanding of what they want their lives to look.

“Most people do not know how much they should provide or invest,” Sethi wrote. “They are just Napto a random number From the air and then you feel guilty for the next 45 years. “

Discover exactly what you want to be able to do with your money, whether it stops working completely by the time of the 60 -year -old or start your own business when you leave from 9 to 5.

“Once you decide this, you need to create a timetable and make a plan,” Sethi wrote. “Build a system until your back is never against the wall.”

((The wealthy) live before 80/20 principle: “80 % of your results come from 20 % of your efforts,” Sethi books. In a work environment, this may mean that 80 % of profits come from 20 % of customers.

But on a personal level, this means instead of anxiety about $ 3 questions, such as whether you should buy a latte or put coffee at home, or focus on “$ 300,000 questions”, such as whether you can negotiate significantly increasing your housing costs.

“These questions are equal to tens of thousands of dollars, however, we remain in the weeds and play small by asking the 3 -dollar questions,” I previously told CNBC to make it.

Certainly, you can save some money by always going to The cheapest option. But providing a few dollars may not deserve a product or lower experience.

“The wealthy does not care about money only with costs – they are interested in value,” Sethi wrote.

He gave an example to choose the price of a personal trainer instead of trying to teach himself through free resources such as YouTube videos. “By pushing someone, I saved my endless frustration – and I gained something more precious: time,” he wrote.

Sethi stressed that this rule should be applied to the things that interest you more. Choose investing in some major areas instead of boasting about things that are not important to you.

“The goal of money is not storing it,” he wrote. “The goal of money is to use it to solve problems and enjoy your life.”

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