6 Habits of People Who are Never Broke
Successful people are productive people.
Examine the habits of people who are never broke and you will see it goes beyond good money management.
They have habits that lead to a productive lifestyle.
Adopt these 6 habits of people who are never broke and improve your financial well-being.
1. Spend Less Than You Earn and Save!
Most people save money backwards.
They start spending their paycheck the second it hits their account, and hope that by the end of the month they have a little money remaining that can go into savings.
This ain’t productive.
Pay yourself first!
Commit money to your savings account before any spending.
Save first, then spend what remains.
Pro tip: Supercharge your savings by putting it on autopilot: Have a percentage of your income directly deposited into your savings account monthly.
Then don’t touch that money!
2. Eat Healthy and Avoid Added Sugar
Most people eat too much added sugar, which leads to obesity and heart problems.
And did you also know that too much added sugar can also cause your brain to shrink?
A clean body = a clean mind = a productive person.
A better diet will lead to better performance and better thinking, making you more productive.
3. Declutter Your Life and Let Your Mind Relax
Clutter costs you in more ways than money; it’s a fact.
Clutter leads to a loss of focus (“Where did I put that?”), procrastination, and stress (not to mention it costs you money).
Whether it’s a messy desk, a messy house, a messy car, or messy finances, taking steps to clean and declutter brings peace of mind and productivity.
You can also sell stuff to declutter your life.
P.S. If you need help decluttering your house, read these 5 Marie Kondo Organization Hacks first!
- Related: 7 Expenses to Cut ASAP!
4. Exercise for the Health of It
People who are never broke can afford to do a lot of things, but they pretty much all do one free thing every day.
Do you know what it is?
Author Thomas C. Corley spent five years studying rich people, and he discovered they exercise consistently.
Three-quarters of them exercised for 30 minutes a day because it’s good for the body and brain [source].
Take a 30-minute walk around your neighborhood to get out and enjoy the fresh air.
You’ll be glad you did and so will your money.
5. Create Multiple Streams of Income, Especially a Passive Income Source
When we have just one source of income, it becomes easy for our cash flow to be shut down.
Millions of people were dealt financial blows due to public health emergencies, economic downturns, and inflation hikes.
Were you among them? How did you respond to the financial crisis?
People who are never broke understand the importance of having multiple streams of income, which can be a second job or a side hustle.
But, that means you don’t earn money unless you work.
How can you develop a passive income source that provides earnings over time without your active participation?
Through investments. Investing should be a part of your financial plan to create wealth.
6. Sleep, It Does a Body Good (and So Much More)
You might think with all this talk of productivity that you should be on the go all day and all night.
Wrong. You need your sleep, and not just to give your body rest.
Sleep improves our ability to learn new information and assists in optimal emotional control, decision-making, and interacting with others [source].
Go to bed at the same time on a comfortable bed and pillow, and tell Siri or your Google Assistant what time to wake you up in the morning.
7. Watch Less TV, Play More Games
Watching TV numbs your mind and exposes you to all kinds of ads enticing you to spend money.
Instead of watching so much TV, use the time to play games that stimulate your mind.
Not all games are created equal, so choose wisely. Word games help improve brain function and productivity.
Be Productive with Your Life and Money
Do you agree with this saying: An undisciplined life is not worth living.
The great philosopher Socrates said that.
When we make poor choices that lead to an unproductive lifestyle, then we live undisciplined lives.
Everyday you are faced with choices:
Will you spend or save? Will you build yourself up or tear yourself down? Will you sharpen your mind or dullen it?
Let your productive lifestyle influence productive spending.
Let everything you buy make your life better or easier.
When you spend money to solve problems rather than create them, you will never be broke.
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About the author Bobby Warren
Bobby Warren is a former award-winning journalist who founded Wooster Media Group LLC, an SEO/content creation company. He lives in Northeast Ohio with his wife, Wendi, and their pets.
Sounds like a decent plan.