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2023-04-21T08:12:00.000Z

Things that prevent you from getting rich

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by Baigalmaa
Sugar.mn staff
Things that prevent you from getting rich
Researchers at Brown University conducted a large-scale study of people's financial behavior and spent 5 years studying only people's data, including 50 thousand families and 150 thousand people. During this time, researchers have analyzed each person's money habits in such detail that they have identified the behaviors that separate financially successful people from those who cannot.

Most of the rich people, 67%, devote a lot of time and energy to having more than one source of income, and if they cannot invest, they work a double job, while only 6% of the poor people work two jobs. Rich people know that they never waste time, that they can't get a lot of money for one job, but that if they do two or more things, the money will add up and they'll have enough money to invest. It was revealed that 6% of rich people and 77% of poor people love betting, gambling and lotteries. It was found that 79% of rich people often read related literature to improve their professional level, while 11% of poor people read books that are interesting to them, but rarely read books related to their profession. Also, surprisingly, rich people do not buy expensive things that exceed their pocket money, but poor people like to spend expensive things by borrowing expensive things, making their life difficult and depleting their basic necessities. Rich people skilfully control their income and expenses, poor people are extravagant. Poor people don't save 10% of their monthly income, because it's considered not savings because it's very little money, but 93% of rich people save more or less regularly. Rich people believe that it is not important to save a lot, but the most important thing is to pay attention to regularity.
This study shows that learning to save regularly from the small profits is the first step to getting rich, and by saving without rejecting it, life will certainly not stop due to lack of consumption, and it is necessary to strive for double income, pay attention to personal growth, and be careful with purchases.

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