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5 Things Rich People Do That You Don’t
The difference between wealthy people and non-wealthy people comes down to a small set of habits anyone can embrace themselves. There is no special trick or secret. Wealthy people do things the average person does not. Super wealthy people like Elon Musk, Bill Gates, and Steve Jobs share the same wealth-building habits with a bit of luck to give them a push. The great news is you can be rich, too! No promises on the super-rich thing, but you can be a millionaire if you choose.
There is an advantage for people like me working in accounting. I see people from all walks of life and their true level of wealth. Over time it becomes apparent how their habits reflect in the level of wealth and quality of lifestyle they have. We stand in awe and envy when we see people retiring at age 30 or 40, and rather than learn their habits, we seek to tear down their success. The only difference between people who retire early and those finding a comfortable retirement at 65 is how soon the wealth building habits are learned. Here are the five things I see rich clients do on a regular basis and non-wealthy clients frequently do not. Not only do the wealthy have these habits, they exercise them daily.
Stat Stalker: The Wealthy Accountant Stats To Date
It’s hard to believe The Wealthy Accountant blog has six months under its belt. A year ago I started the process of creating this blog due to demand from followers of Mr. Money Mustache and speaking engagements I did involving Mustachians who knew I prepared Pete’s taxes. I knew I would get an initial kick in traffic when Pete, the man behind Mr. Money Mustache, mentioned The Wealthy Accountant.
I was unprepared for the response. Over 12,000 requests for information or help swamped my office. In the end I accepted only 200 new clients. We are still digging out. The Wealthy Accountant also received a nice traffic boost. Then it was up to me to keep it going. There are three stages to building a successful blog. I have written extensively online over the years, including several blogs. I currently write two flash fiction blogs and The Wealthy Accountant. The other two blogs have been around for a few years and get slightly more than 4 million pageviews per year. Not bad for fantasy flash fiction.
The Second Amendment is Destroying Your Financial Freedom
Life started poor in my household. No grand inheritance (no inheritance, period) to give me a lift off into adulthood. Sheer hard work, determination, and persistence led to gradual wealth accumulation. Soon the numbers started to grow. Money started pouring in faster than my young mind could imagine. The stock market was on fire so my investments made me dizzy and scared it might crash (it did in 1987). I had to protect my future by diversifying into alternative investments since the stock market was so high.
My dad is a gun nut and loves going to gun auctions. Somewhere around 1990 he convinced me to join him. He encouraged me to buy a gun. Personally, I don’t care for guns. I have no problem with you owning a gun; I just don’t feel a compelling need to own a firearm myself. He kept pressing the issue. A gun is useful against marauding hoards, the government, and the impending apocalypse. I still stood my ground.