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9 Success Habits of Wealthy People That Cost Nothing

Money isn't everything but lack of money is a lame excuse for a lot things.
9 Success Habits of Wealthy People That Cost Nothing
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Entrepreneur and Connector
5 min read
Opinions expressed by Entrepreneur contributors are their own.

Have you ever you wondered how certain people have gotten so successful? Sure you have. A great idea, motivation, persistence, and a little luck helps, but most successful people share certain habits. Here are nine habits that have helped place them on the top:

 

9 Success Habits of Wealthy People That Cost Nothing

They wake up early.

They wake up early.

Former President Obama, Richard Branson, Jack Dorsey, Larry Schultz, Tim Cook and Xerox CEO Ursula Burns are known to be early risers. How has this attributed to their success? Because early risers are able to start their days ahead of everyone else by responding to others, exercising and finding some personal time, early risers also tend to be happier and are more proactive.

Related: Sleep In and Make Millions: Why You Don't Need to Wake Up at 5 A.M.

9 Success Habits of Wealthy People That Cost Nothing

They meditate

They meditate

Ray Dalio, the founder of Bridgewater Associates, told The Huffington Post in 2013 that "Meditation, more than anything in my life was the biggest ingredient of whatever success I've had." Dalio, however, is not alone. Oprah, Rupert Murdoch, Russell Simmons, Arianna Huffington, Bill Ford and Padmasree Warrior have all attributed mediation as a huge component to their success.

Taking care of your body and mind by relaxing, exercising, healthy eating and getting enough sleep are all ways to improve your chances of success.

Related: 7 Proven Ways Meditating Prepares You for Success

9 Success Habits of Wealthy People That Cost Nothing

They network

They network

Successful people realize the importance of networking. In fact, research has found that networking can lead to people performing better at work and increases the chance of landing a job. Networking helps our successful people be more innovative. According to Dale Carnegie’s classic “How To Win Friends & influence People,” successful people rarely complain or criticize. They are sincere and try to be empathetic.

Related: The 3 Best Books For Entrepreneurs to Return To, Again and Again

9 Success Habits of Wealthy People That Cost Nothing

Keep themselves busy

Keep themselves busy

Successful people are rarely idle. Achievers like LBJ and Robert Moses were known to work 60-65 hours per work. Elon Musk works a whooping 80-100 hours per week and has said, “That's the type of work ethic an entrepreneur needs to have.”

Related: The 5-Hour Rule Used by Bill Gates, Jack Ma and Elon Musk

9 Success Habits of Wealthy People That Cost Nothing

They don’t watch TV, they read

They don’t watch TV, they read

According to Thomas Corley, author of "Rich Habits: The Daily Success Habits Of Wealthy Individuals,” 67 percent of rich people only watch TV for one hour or less per day. Corley also found only 6 percent of the wealthy watch reality shows, while 78 percent of the poor do.

Additionally, 86 percent of the wealthy love to read with an impressive 88 percent claiming that they read for self-improvement for 30 minutes or more per day.

Related: 8 Time Wasters Stealing Your Productivity

9 Success Habits of Wealthy People That Cost Nothing

They know when to say "no."

They know when to say "no."

“The difference between successful people and really successful people is that really successful people say no to almost everything.” - Warren Buffett

Successful people realize that by saying "no" to negativity, extra work and activities that waste time, they can focus on increasing their productivity. If they say "yes" to everyone or everything, they’ll be too distracted and will not accomplish tasks that have to be done.

Related: I Started Saying 'No' to These 6 Things. My Life and My Business Got

9 Success Habits of Wealthy People That Cost Nothing

They write to-do lists the night before.

They write to-do lists the night before.

Successful people are known for writing their to-do-lists the night before so that they are able to set priorities for the following day. They number their lists as well to identify which tasks are the most important.

Related: The Ivy Lee Method: The Daily Routine for Peak Productivity

9 Success Habits of Wealthy People That Cost Nothing

They manage their money.

They manage their money.

Successful people have gotten where they are because they were able to manage their finances well. This means that they invest their money wisely, look for new opportunities and set aside emergency funds. They are more generous and willing to donate to those who need help. Here are 101 ways that I've put together to save money like well-off people. In addition, I've found that my marriage has become 10x better with enough savings in the bank for a year of expenses. That saved us when my last business venture failed.

There is an old saying that luck and preparation always meet opportunity. The most successful people set themselves up for success by preparing all the time. Successful people expect luck will find them, and it usually does.

Related: Lessons From the Rich and Famous: Manage Your Money Like Oprah to Avoid Going Into Debt Like Nicholas Cage

9 Success Habits of Wealthy People That Cost Nothing

They set goals and visualize.

They set goals and visualize.

Joel Brown interviewed a number of high achievers for Entrepreneur and found that “Ninety-five percent of the successful achievers I have interviewed practice writing down their goals, plans, or visions for success on a regular basis. Successful people do this the night before, or first thing in the morning so that they are prepared to tackle the challenges that await them.''

Related: The Extraordinary Power of Visualizing Success

  • 9 Success Habits of Wealthy People That Cost Nothing
  • They wake up early.
  • They meditate
  • They network
  • Keep themselves busy
  • They don’t watch TV, they read
  • They know when to say "no."
  • They write to-do lists the night before.
  • They manage their money.
  • They set goals and visualize.
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