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10 Signs That Tell You’ll Be Rich Even If You’re Not Born in a Well-Off Family

10 Signs That Tell You’ll Be Rich Even If You’re Not Born in a Well-Off Family

I’ve been obsessed with money since I was a kid. Not in a scary way, I’ve always known not to worship it or anything, but I caught on quickly to the importance of a dollar.

I loved my allowance and I always looked forward to making extra (the tooth fairy was very generous). Good grades meant good earnings, so I slaved away over homework. As I grew up, I sometimes forgot how long it took to earn a certain amount, and it would lead to me spending my money recklessly. If you want a lesson in economics, spend poorly; you’ll quickly figure out how important saving money is.

Now I work hard and take on all kinds of side-jobs so that I don’t have to stress about cash. I budget myself strictly and I have healthy savings accounts. Sure, some people are born into money, but for those of us who have to work for it, there’s added satisfaction when you balance your checkbook and see all those numbers.

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You really can become a millionaire. It just takes time.

No matter how measly your salary or hourly pay may be, there are ways to invest and earn that can quickly up your status from peasant to prince. The trick is knowing how to do it and what steps to avoid. Sure, you could go out and waste money on books claiming to make you rich quickly, but why? I’m here to provide a list of (free) solutions.

If you have these 10 qualities, congratulations! You’ll probably be rich in the future.

You have a clear life purpose.

This doesn’t mean you wake up every day with the intention of making tons of money. It means you know what you want and you know how to work hard. For me, I knew I needed to spend more wisely, so I confided in a friend who had done really well, financially. With her help, I created a spreadsheet that I could use to track my spending. I swear by this budget and update it daily. When I know I want to set aside X amount into my savings account every month, it’s a clear goal I can work toward and visualize with my budget.[1]

You don’t look for a quick fix; you’re patient.

I’ve seen so many programs claiming to make you millions of dollars overnight. The headlines are usually something like, “Try this crazy tip and double your profit instantly!” While that may sound awesome, it also seems impossible. And for good reason. It takes time to create wealth. In fact, in one study, 52% of participants didn’t attain wealth until age 56. Sure, it may seem easier to spend $100 on that purse you’ve been eyeing than to reserve $100 in savings. But is that quick dopamine hit really better than the long-term happiness a secure savings account will bring you?

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You take calculated risks.

This doesn’t mean you should buy a lottery ticket whenever the jackpot is over a million dollars. Instead, it means you should know how to invest your money and pursue opportunities. If you don’t feel ready to work with a financial advisor or investor just yet, ease into it. There are plenty of free apps out there that help you learn to invest like a pro. Start there!

You’re highly resilient and never give up when there are setbacks.

When it comes to investing in yourself and your future, sometimes it can feel overwhelming and borderline impossible. When you have that voice in your head telling you to be fearful and give up, overcome it! Remember, this is a long-term commitment to your own financial success. It may be scary, but it’s all about your future.

You are open-minded and can see things from different perspectives.

No one ever made money by keeping their head down and avoiding change. When you are enthusiastic about new ideas and opinions, you begin to grow. Only with this kind of growth does success occur.

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You are frugal, but still giving.

When you’re trying to save and be thrifty, it can feel challenging to give to others, even charity! But there’s a difference between being cheap and being smart with your spending. Give time and money when it comes to things you’re passionate about. Spreading wealth is a great way to have it returned to you by the universe.

You finish what you start and seldom make excuses.

You don’t make money or become successful by coming up with reasons to stop working hard. Take accountability for yourself and your actual accounts. You are the only one controlling your future. Be smart about it and don’t quit.

You work hard instead of only looking for shortcuts.

If you’re always looking for sly ways to get out of something and still make money, then here’s a spoiler alert for you: you will fail. You have to be willing to work hard and put in the effort. And why wouldn’t you? Don’t you want to earn money?

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You invest in valuable things.

I’m not just talking about stocks and bonds here. When you’re trying to become a successful and wealthy individual, you have to invest in the things you hold dear. This also includes mistakes (which I’ll explain in the next point).

You are not afraid of making mistakes.

Mistakes are valuable! They teach you. No one likes to make a mistake, as it so often makes us feel like we failed somehow. But have you ever made a mistake and not learned something from it? Mistakes, no matter how frustrating, are a great teaching tool if we are wise enough to take advantage of them. When it comes to our financial success, mistakes can hit hard, but I can guarantee you won’t make the same one twice.

You don’t have to be a genius to be rich.

At the end of the day, it’s about common sense. Spend and invest wisely and don’t get hung up on trends or bad advice. Know yourself and your goals and aim to achieve everything you want and more. Instead of hoping to become a multimillionaire, set attainable goals. Maybe you want to save $1,000 in your savings account by your birthday. Perhaps you want to open a 401k for the first time. Whatever it is, set that intention and follow through. Maybe your friends need to help keep you accountable. No matter what it is, figure out what gets you to your goal and don’t quit. And hey, don’t forget about us little people when you’re rolling around on that mattress of cash.

Reference

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Heather Poole

Heather shares about everyday lifestyle tips on Lifehack.

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Last Updated on October 16, 2019

Invaluable Lessons You Can Learn From Your Mistakes

Invaluable Lessons You Can Learn From Your Mistakes

Do you like making mistakes?

I certainly don’t.

Making mistakes is inevitable. Wouldn’t it be wonderful if we could be at ease with them?

Perhaps there is a way to think of them differently and see their benefits.

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Why Mistakes Feel Dangerous

Mistakes often feel dangerous. Throughout human history, our errors have often been treated as dangerous for a variety of reasons:

  • Our vulnerability. We have limited and fragile support systems. When those systems fail, people often lose their lives.
  • Real dangers. Nature can be dangerous, and making mistakes can put us at the mercy of nature and its animal residents seeking a meal.
  • Ignorance. Many cultures scapegoats someone whenever there is a failure of some kind. Scapegoating can be serious and deadly.
  • Order. Many societies punish those who do not conform to the prevailing orthodoxy and treat difference and non-conformity as a mistake. Even our brains flash an error message whenever we go against prevailing social norms.

We have a history of handling mistakes and failure in an unpleasant way. Since each of us carries our human history with us, it can be a challenge to overcome the fear of making mistakes.

If we can embrace the reality of mistakes, we can free ourselves to be more creative in our lives and dig up some interesting insights.

Why We Can’t Avoid Making Mistakes

Many people operate under the notion that making mistakes is an aberration, a mistake if you will. You can call it perfectionism but it is a more substantial problem. It is really a demand for order and continuity.

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When we think we can eliminate mistakes, we are often working from a perspective that sees the world as a fixed place. The world, however, is not so obliging. Like it or not, the world, and everything in it, is constantly changing.

Change is more constant and pervasive than we can see with our own eyes which is why we often miss it. Our bodies are constantly changing. The natural conditions of the earth change constantly as well. Everything, including economic and cultural systems have life cycles. Everything is in a constant state of flux.

We cannot see all of the changes going on around us since rates of change vary. Unfortunately, when we try to create a feeling of certainty and solidity in our lives or operate from the illusion of stability and order, we are fighting reality and our natural evolution which is built on adapting to change.

It is better to continually bend into this reality rather than fight every change we experience. Fighting it can cause us to make more mistakes. Finding the benefits in change can be useful and help us minimize unnecessary mistakes.

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Lessons Learned from Making Mistakes

Life has so many uncertainties and variables that mistakes are inevitable. Fortunately, there are many things you can learn from making mistakes.

Here is a list of ways to harness the mistakes you make for your benefit.

  1. Point us to something we did not know.
  2. Reveal a nuance we missed.
  3. Deepen our knowledge.
  4. Tell us something about our skill levels.
  5. Help us see what matters and what does not.
  6. Inform us more about our values.
  7. Teach us more about others.
  8. Let us recognize changing circumstances.
  9. Show us when someone else has changed.
  10. Keep us connected to what works and what doesn’t work.
  11. Remind us of our humanity.
  12. Spur us to want to better work which helps us all.
  13. Promote compassion for ourselves and others.
  14. Teach us to value forgiveness.
  15. Help us to pace ourselves better.
  16. Invite us to better choices.
  17. Can teach us how to experiment.
  18. Can reveal a new insight.
  19. Can suggest new options we had not considered.
  20. Can serve as a warning.
  21. Show us hidden fault lines in our lives which can lead us to more productive arrangements.
  22. Point out structural problems in our lives.
  23. Prompt us to learn more about ourselves.
  24. Remind us how we are like others.
  25. Make us more humble.
  26. Help us rectify injustices in our lives.
  27. Show us where to create more balance in our lives.
  28. Tell us when the time to move on has occurred.
  29. Reveal where our passion is and where it is not.
  30. Expose our true feelings.
  31. Bring out problems in a relationship.
  32. Can be a red flag for our misjudgments.
  33. Point us in a more creative direction.
  34. Show us when we are not listening.
  35. Wake us up to our authentic selves.
  36. Can create distance with someone else.
  37. Slow us down when we need to.
  38. Can hasten change.
  39. Reveal our blind spots.
  40. Are the invisible made visible.

Reframe Reality to Handle Mistakes More Easily

The secret to handling mistakes is to:

  • Expect them as part of the process of growth and development.
  • Have an experimental mindset.
  • Think in evolutional rather than fixed terms.

When we accept change as the natural structure of the world, our vulnerability and humanness lets us work with the ebb and flow of life.

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When we recognize the inevitability of mistakes as part of the ongoing experiment which life is, then we can relax more. In doing so we may make fewer of them.

It also helps to keep in mind that trial and error is an organic natural way of living. It is how we have evolved over time. It is better to be with our natural evolution than to fight it and make life harder.

When we adopt an evolutional mindset and see ourselves as part of the ongoing human experiment, we can appreciate that all that has been built up over time which includes the many mistakes our ancestors have made over thousands of years. Each one of us today is a part of that human tradition of learning and experimenting,

Mistakes are part of the trial and error, experimental nature of life. The more you adopt the experimental, evolutional frame, the easier it becomes to handle mistakes.

Handling mistakes well can help you relax and enjoy all aspects of life more.

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Featured photo credit: Sarah Kilian via unsplash.com

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