If someone displays these 8 behaviors, they will probably be rich one day
Cha-ching! Money has an undeniable allure, has it not?
Not only is it a ticket to fewer worries and more freedom, but it’s also the fuel that keeps our dreams running.
Everyone’s always on the lookout for a get-rich-quick scheme. More often than not, they’re just gimmicks or scams.
But why do some people reach financial success while others spend their lives scraping by? If that’s what you’re here to find out, you’re in the right place.
Certain traits and behaviors predict financial wealth. Let’s dive into eight signs a person might be destined for riches. First up — intelligence.
1) The genius factor
You’ve probably heard the saying, “It’s not what you know, but who you know.”
Well, when it comes to building wealth, what you know is pretty important. That’s where the genius factor comes into play.
As you might have expected, how rich you get is related to how much smarts you have. Studies show that your IQ can be a good predictor of how much money you make in life.
Think of your intelligence as a bridge to success. The smarter you are, the easier it can be to navigate the complex landscape of life, including the financial realm.
Consider Warren Buffett, the investment guru known for his incredible financial success. He’s like a walking, talking encyclopedia of investing knowledge.
And yes, his remarkable IQ of 155 is a part of the equation. His brainpower allowed him to unravel the intricacies of the stock market, make shrewd investment decisions, and amass extreme wealth.
2) Mind over matter
It’s not a secret that some people enjoy better impulse control than others.
When it comes to the world of wealth-building, it turns out cognitive control is key. It’s one of the biggest predictors of financial success.
People with better cognitive control are better able to sacrifice immediate pleasure to pursue long-term goals. “Going out tonight?” — “Sorry, I’m working.”
Cognitive control helps you restrain yourself from acting impulsively. If you’ve got strong cognitive control, you probably also eat well, exercise often, and don’t splurge money on nonsense.
I’m sure you can imagine how this helps people in their journey towards wealth. It might sound painfully simple, but there it is — work more, spend less, and stick to every plan you make!
3) Planning for prosperity
As the old saying goes, “If you fail to plan, you plan to fail.”
Well, it turns out that planning is a big deal when it comes to getting rich. Those who are financially successful tend to be meticulous planners.
Now, we’re not just talking about planning your day-to-day activities (although that helps). We’re also talking about long-term financial planning.
Successful people tend to have well-thought-out roadmaps to help guide them toward their goals. Think of planning as your map.
It helps you navigate through:
- Income and expenditure balancing
- Unexpected financial struggle
- Crisis avoidance
But being a savvy planner doesn’t mean you can’t shake things up and take risks once in a while….
4) Risk takers or future wealth makers?
You’ve probably heard the phrase, “High risk, high reward.” It’s one of the mantras of the wealthy because taking calculated risks can lead to significant financial gains.
Successful people aren’t afraid to roll the dice when they’re feeling lucky or when the odds seem good. They often step out of their comfort zones and take calculated risks to grow and learn.
Take Elon Musk, for example. The man is synonymous with risk-taking. He co-founded Tesla, an electric car company when electric cars were far from mainstream.
He took a massive financial gamble, and it paid off handsomely. Now, he’s one of the richest people on the planet.
Of course, not all risks guarantee success. It’s the calculated part that’s key.
Wise risk-takers analyze the potential gains and losses, make informed decisions, and understand that setbacks are part of the journey.
5) The fortune in frugality
Frugality might sound like penny-pinching, but it’s a wealth-building trait that often goes unnoticed. People who accumulate wealth tend to be cautious with their spending.
They’re not miserly, but they’re mindful of where their money goes. Saving, investing, and reducing wasteful expenditures are all part of their financial game plan.
Frugality doesn’t mean you can’t enjoy life, but it does involve making conscious choices about where your money flows.
When you meet someone tight with their money, it doesn’t mean they’re just stingy by nature. They might be dreaming up something big for all those saved pennies!
6) Dreams to dollars
Never be afraid to dream big! Pretty much any millionaire will tell you that. They don’t just daydream; they set clear goals and work diligently to reach them.
Consider all the famous people who grew up in poverty and ended up living in multi-million-dollar mansions. Will Smith, Oprah Winfrey, Eminem, and the list goes on….
Did any of them settle for second best or try to contain the size of their ambitions? No.
Through hard work and determination, they transformed their dreams into empires.
Your dreams might not be as grand as being Hollywood famous, but the path to wealth begins with a clear vision and the determination to make it real.
Big dreams are wonderful, but are they enough?
“An idea not coupled with action will never get any bigger than the brain cell it occupied.” — Arnold H. Glasow
7) The sweat behind success
In the words of Thomas Edison, “There’s no substitute for hard work.”
When you meet sincerely hard-working people who aren’t afraid of the grind, it can be a good indication of their future success.
By contrast, people who struggle with laziness and procrastination won’t easily make their way up the wealth ladder.
That’s not to say some people don’t get extremely lucky — they do. It’s just incredibly rare.
People with a strong work ethic often display these behaviors:
- Staying up late at night to work
- Waking up earlier than everyone else
- Going above and beyond their call of duty
- Excelling in everything they do
Despite being hard-working, they still find time to get out and socialize. And it’s more important than you might think…
8) Social butterflies or money magnets?
That’s right. It might seem surprising, but extraversion is linked to financial success.
Extroverts exude a magnetic charm and are masters of connection. Their gregarious nature propels them into networks, the kinds of networks where deals are born and opportunities spring to life.
Imagine those buzzing social gatherings where ideas flow freely, and alliances form effortlessly. In these settings, the extravert shines, becoming the bridge between vision and reality.
The deals made over cocktails or the connections sparked at industry conferences can pave the way for future financial gain.
Last thoughts
Want to know if someone is built for financial success? Ask yourself — do they exhibit any of these behaviors?
Are they hard-working, ambitious, and frugal? Are they willing to take risks and boldly approach strangers at a party or conference?
If you’re reading this thinking “Oh no, I don’t have most of these traits,” don’t worry. It doesn’t mean you’re doomed to poverty or mediocrity. These are general indicators, it’s not set in stone.
More importantly, most of the traits listed above are learnable. With a little bit of life and mind-hacking, you can take control of your future.