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Top 10 Secrets and Habits of Wealthy and Successful People

Deborah is a writer, healer, and teacher. Her goal is to help people live their best lives every day by sharing her joy and love of life.

You Can Have It All!

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The Rich Get Richer and You Can Too

The economic forecast seems grim, but those with wealth are content to let the tide rise and fall as it will. What is the secret to financial security and economic freedom? The following ten tips and secrets will help you increase your personal wealth, free you from the burden of worrying about money, and lead you on the path to personal success.


Save More

10. Rich people save money. Everyone should be saving money, whether they are rich or not. We are all familiar with the adage that we should save ten percent of our earnings. Most people know that they ought to have a rainy day fund, and an emergency fund, with at least three month's wages, in addition to a retirement fund.

But where does the average Joe get the money to sock away for a rainy day? For most average people, every day is a rainy day, when kids need new shoes, the car is out of gas, and the bills are stacking up.

In fact, according to CNN Money, 76 percent of Americans are living paycheck to paycheck. Half of the people responding to a CNN Money poll said they have less than three months savings, while nearly a third said they had no savings whatsoever.

Most of us aren't saving money, because we don't feel like we have extra money to save. But the rich know the importance of having money in the bank, regardless of how tight the belt gets. So how do you make the transition from having no savings to starting an account and keeping money in it?

First, make saving a priority. If your company offers a 401-K plan, take advantage of it. There is no reason you can't take $25 from your weekly paycheck and put it away. If the company offers a match, then try to meet that amount. It is free money into your retirement.

If you work for a company that doesn't offer a 401-K, or you work for yourself, then you have to be more creative and more self-disciplined to save money. But you can still do it, and it will still make a difference.

There are many suggestions for saving money. A look on Pintrest, or a simple Google search will yield hundreds of results for learning how to save money. Some suggestions are to keep all your change in a jar, or keep all your $5 bills and save them, or put a certain amount into savings each week. The possibilities are endless.

The fact is, in order to save, you must make it a priority. It doesn't matter if you are saving change in a jar, or $5 bills in a drawer. Until you decide to save money, you won't. The easiest way to save money is to open an account that is not easy to access. Then, commit to taking ten percent of your paycheck and depositing it first. Before you pay bills or buy groceries or do anything fun, first take the money out of the bank and deposit it into a savings account.

Don't go looking at your account every day. Just leave the money alone and let it grow. Don't start planning how you're going to spend it. Leave it alone. Allow your savings to grow without making plans about how you will spend it. That way, when a real emergency strikes, and you will know when it does, you can rest assured that you have the money to cover it.

An Easy Way to Save $1,000

Are you saving for your future?

Just a Little Patience

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Think Long Term

9. Rich people are in it for the long haul. This isn't just about playing the stock market. Most wealthy people will tell you to ride the waves as they come. Those with money have tenacity in all areas of their lives, not just investments.

When investing money, it's dangerous to get nervous when things look shaky. Any millionaire will tell you that the time to buy stocks is when the market is down. But that isn't always easy for middle-class America. When the market begins to plunge, most people feel panic settling into their gut, and they react accordingly. Instead of the knee-jerk reaction, wealthy people realize that everything is cyclical. They are willing to wait out the highs and lows, in order to see a full return.

The same is true for life. Rich people don't make hasty, knee-jerk reactions. They realize that patience is a virtue, and most problems can be waited out, or resolved with time.

If you find yourself easily frustrated, quitting jobs because you get angry with your boss or coworkers, or have trouble sticking to anything in life, take a lesson from the rich. Patience is a virtue. Give your problem some time, before you take drastic action. If, in a few hours, or days, or even weeks, the situation isn't resolved, then it may be time to move forward more forcefully.

Until then, take a deep breath, collect your thoughts, and remember that this too shall pass.

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Better Yourself

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Invest in Yourself

8. Wealthy people invest in themselves. There is more to being wealthy than having a large pile of money, and the wealthiest people in the world know that the most important investment they can make is in themselves.

According to a recent Success Magazine poll, 88 percent of wealthy people responding said they read every day. Whether you are reading trade magazines, books about your profession, or books about self-improvement, it is important to spend time reading. And rich people don't wast all their time reading comic books. Most spend their time improving themselves in some way.

Higher education is important, whether you are working on your Associates Degree, Bachelor's Degree or your second Master's Degree, it is vital that you continue learning and improving yourself. Wealthy people don't accept the status quo for themselves. They strive to improve themselves and their lives.

With the large number of online classes and workshops available, there is no excuse for not learning. And if you truly can't afford to take a class, many libraries, museums and community colleges offer free classes that will improve your network while you improve yourself.

Along those same lines, you won't find wealthy people parked in front of the television for hours every day. They have no time. Rich people spend less than an hour each day watching television. And most don't spend hours surfing the internet either, unless they are working or reading job related information.

Successful people spend their free time in other ways. Rather than watch television, they read books, work on self improvement, volunteer in their community, or pursue networking opportunities.

There is no time like the present to invest in yourself. Begin taking a class and working toward your degree. Or read a book. Or volunteer at a community fundraiser. Not only will these help you on your own path to success, but you can improve the lives of others while you're at it.


Say Yes to Yourself

7. Successful people know when to say no. Being a "yes man" is not a step on the path to wealth or success. Successful people cultivate the skill of saying no, not only in their personal lives, but also professionally.

While saying yes to everything that comes up is a way to get out in the public eye, to build your network, and to get known in the community, it has a downside. When you say yes to every request, you can overcommit your time. You can lose sight of your priorities, and you will feel burned out before too long.

In business, saying yes to every idea or opportunity can lead to trouble, as you lose sight of what is important and what your goals are. When you say no to another drain on your time, you are saying yes to yourself and your priorities.

According to Forbes Magazine, saying no can be liberating. It will help you find more success.

At the end of the day, your success depends greatly on your ability to manage your time. We all have 24 hours, rich or poor. How we use those 24 hours each day will determine whether we are successful or whether we spin our wheels.

Wealthy people know the difference between opportunities worth pursuing and those that are best left alone. When you learn to discern the difference for yourself, you can say no to the things that don't matter, the things that don't enrich your life, and the things that will drain your energy. As you learn to discern, you will become more successful instantly.

Now is the Time

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It's Time to Start

6. Successful people start now. Whether it is a new job, a new idea or a new habit, successful people don't delay.

When a successful person decides he wants to start working out, or begin a new task, he doesn't sleep in and wait until tomorrow. The successful person gets up early and gets moving in the direction of his or her dreams.

There is no time like the present to get started on your future. Although many of us may hesitate, fearful of failure or defeat, the wealthy rise early and get started with their lives. Sure, they may not feel ready. Sure, they may be nervous or scared. But the possibility of success is stronger. It pushes those motivated people to accomplish more.

So you want to write a book? Get started. You want to start working out, or taking a class, or find a new job? Start right now. Now is the time to begin living your dream. If you wait, you might discover that your dream is gone, and you've tarried too long.

It doesn't matter if you don't feel completely ready. No one does. The important thing is to take the first step, followed by the second step, and the next steps after that. Things will come to you in the proper time. You don't have to wait for the perfect circumstances. You just need to take that first step.

In any new situation, the first step is always the hardest. Take a deep breath, close your eyes, and step outside of your comfort zone. Chances are, you will be glad you did.

You are Responsible for Your Life

Take Responsibility for Your Choices

5. Successful people take responsibility. The people around you who are whining and complaining and playing the blame game are probably not as successful as they could be.

Successful people take responsibility for themselves and their decisions. They realize that the only thing they can control in life is themselves, and their own reaction to situations. In fact, wealthy people rarely find themselves reacting. They respond to circumstances.

Reacting is an action that requires little thought beforehand. When you respond to a situation, a person or a circumstance, you think about it, you deliberate, you weigh your options. And then you take appropriate and reasonable action. Reactions are usually based on emotion and are not always reasonable. Responses are thought out and appropriate.

A successful person does not always react immediately to situations, good or bad. They observe, they take in information, and they think. And then they take responsibility for their own choices. You will rarely find successful people complaining about the outcome of a situation. This is because they are usually aware of the expected outcome, long before anyone else is.

Complaining and blaming only bring negative energy into any situation. What wealthy person has time for that? Instead of blaming and complaining, successful people take charge of a situation. They take charge of themselves and they take command of the outcome.

Most successful people surround themselves with like-minded counterparts. You won't find a whiner sitting in a room with a bunch of entrepreneurs. They wouldn't stand for it. Instead, successful people surround themselves with positive, upbeat go-getters who reflect their own values and their own behaviors.

If you want to be successful then stop complaining. Stop blaming. Take responsibility, and get moving.

You Can Do It

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Stronger Together

4. Wealthy people give back. Truly successful people delight in seeing others do well. They don't feel competition or fear lack. Wealthy people know there is more than enough to go around, and they are willing to share what they have with others.

Whether it is volunteering time for a fundraiser, spending time in a community organization or on a local non-profit board, or donating money to worthy causes, successful people want to give something back.

Wealthy people recognize that they have been blessed, and they want to share their good fortune with others. They are generous with their time and resources, and truly want to make their world a better place. Successful people understand that we are all stronger when we work together. When you give back, then you get more.

You don't have to wait to get rich to begin giving back. You can begin today, volunteering in the community. Helping an elderly neighbor. Spending time at the local Boys and Girls Club. Every community has an abundance of worthy causes that can always use an extra hand, or an extra dollar. Find something that matters to you and give back to your community.

When you start giving back to others, you will discover how truly rich your life is. You will find, as I have, that you are wealthy beyond your wildest dreams. And wealth isn't always measured in money.

Do You Give Back?

Get Going

3. Wealthy people are on the move. On any given day, most rich people are up before the sun. They begin their day early, even on weekends, when many others are sleeping late.

Successful people know that time waits for no man. They realize the importance of making the most of every day. When you wake up an hour early, you have just added to your productivity and enjoyment of the day.

Whether you use the time to meditate, to exercise or to read, that extra hour makes a big difference. Suddenly, there is time to get everything done.

Wealthy people don't sit around, watching television all day, not even on the weekend. They are active and find time to play. Whether it's running, skiing, sailing, or hiking, successful people know that exercise helps reduce stress and keeps the body young.

Instead of hitting the snooze button, set your alarm a few minutes earlier each week, until you have an extra hour in your day. Then use that hour to exercise, to mediate or to pursue a hobby that brings you joy. Get up and get moving!

At the end of the day, don't dissolve into a mindless slug in front of the television. Get to bed early, and give you body a chance to rest. Tomorrow will be another busy day.

Push Yourself

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Everything in Moderation

2. Wealthy people know when enough is enough. Everybody likes to indulge in some aspect of their lives. Whether it's an extra piece of dessert, one more drink, or another new car, people like to splurge on themselves, especially when they think they've earned it.

Successful people don't deny themselves the things they enjoy, but they do know when to quit. They know that one more drink will likely leave them too tired to get up early tomorrow, or one more car will overextend them financially.