- Do you know why you
struggle financially? Do you know why you've got no
money at the end of the month? Because you have the
habits of poor people. You see, rich people, we have
very, very different habits compared to the poor and the middle class. Today, I'm gonna teach
you what those habits are. We are what we repeatedly do. Human beings, we are creatures of habits. You notice that you
kinda do the same thing, the same routine, over and
over again and again and again? See, getting rich is not
an act, it is a habit. So is staying poor, it's also not an act, it's not something that
just happens to you, it is a habit. So, let me teach you the three
best habits of rich people. The very first habit of
rich people and that is they count their money. Poor people don't count their money, they get a paycheck,
they deposit a paycheck, they spend the money, they have no idea what their expenses are, they have no idea how their money flows. You notice, poor people they have a job and wait 'til maybe once a year when they file their tax return, the taxes that are owing
is how much of their pay. They look at the numbers, they don't even look
at the fucking numbers. They're just, "Okay, alright, "that's how much I need to pay." File tax return and that's it. And they look at it maybe once a year! Rich people, we don't do that. We look at our numbers regularly, we are financially literate. I'm not a numbers person,
don't get me wrong. Okay? I'm a concept guy. Okay, I'm a big picture
thinker, I'm a visionary but I am very, very
careful and I'm very aware of how my money is flowing. I look at my numbers, I log
into my account every single day I will look at my cash flow, I will look at how much
cash reserve I have. I sit down with my
calendar every single week, look at my financials, every single week. Looking at my financials
across all my companies, how are they doing? Because what gets measured, gets improved. So, habit number one, rich people, we count our money regularly. How often do you count your money? How often do you look
at your bank account? Not bitching about it but how often do you look at
every single line of expense all your revenue, where it comes from, is it improving? What do you need to work on? What are those key performance indicators? Are you looking at those numbers? So, that's habit number one. Habit number two is they
pay themselves first. Now, you've heard of this before. "Oh yeah, I know." "Dan, I've heard of this
before, you gotta pay yourself." Do you know actually what that means? Paying yourself doesn't mean
buying yourself a fucking car, it doesn't mean taking that vacation, it doesn't mean that you go
blow money on entertainment. "Oh yeah, I'm paying money to myself." No, that's paying everybody else. When you're buying a car, you're paying the automotive company. When you're buying a house,
you are paying the bank. When you are traveling, you
are paying the travel agency, you're paying the hotel, you're
paying the airplane company. Paying yourself meaning that
you put your money aside and you invest your money. Now, I'm not talking about being frugal, if you know anything about
me, you know my work, I'm not talking anything about
being frugal and being cheap. I'm talking about taking a
percentage of your income and putting that aside,
pay yourself first, save it and then you invest it, that's what I mean by paying yourself. And a lot of people, if
you've read the book, The Richest Man in Babylon, it talks about that you
should save 10% of your money and pay yourself 10%, I'm telling you nowadays, with what's happening with the inflation, with what's happening in the world, every fucking thing is more expensive, if you wanna get rich, paying yourself 10% is way, way, way, way not enough. You should, at the very minimal I don't care where you
are, start off with 10%, I don't care if you're
making $30000 a year, you pay yourself 10% of it. $40000, $50000, $60000,
you pay yourself 10% and as your income increases, I want you to also increase the ratio. So, you should at first 10% then you should aim to
save 15%, 20%, 30%, 40% to a point where you are
making so much more money and then now you're only spending a small percentage of what you earn. That's your goal, that's
called paying yourself. So, that's habit number
two, pay yourself first. Habit of rich people
number three and that is rich people are constantly
improving their earning ability 'cause you might be thinking, "Dan, okay, I wanna pay myself first "but I'm not making enough money, "I'm only making a few thousand a month. "I couldn't even afford to pay my bills. "How am I gonna pay myself first?" First of all, you've gotta have the habit of paying yourself first. If you're not paying yourself first, even a tiny, small
percentage when you're making $30000, $40000, $50000,
$60000, $100000 a year, I guarantee you, when
you're making a million, two million dollars a year,
you're not paying yourself. It is a habit that I'm talking about. And in order to do that, in
order for every single year to be able to pay yourself
more and more and more and put into investments, you need to improve your earning ability. You need to find ways
of how you can add value to the marketplace, how to add
more value to the marketplace So, every single year, your
income is going up every year. If you've been working in the real world and you have your own business and your income kinda stays flat for the last two, three,
five years then shame on you. It means you're not learning,
it means you're not thinking, it means you're not growing. Every single year, your income, you have to strive to improve that, your earning ability. And rich people will always constantly be looking for ways to
improve our earning ability but also looking for ways to add leverage, to apply leverage into what we do. Maybe it's through relationships, maybe it's apply leverage
through learning. So, I have more ideas and more strategies, I can improve what I do. Maybe it's through better people that bring on better people to my team so we can perform at a higher level. Right? Maybe it's through marketing. How could I get my message out there? How can I have people
know what I have to offer? We're always constantly
looking for leverage. So, those are the habits, the three best habits of rich people. Understand this, I'm gonna
leave you with a quote. "You do not decide your future. "You decide your habits and
your habits decide your future." So, click the subscribe button below. Let me know what habits you have, that you want to get rid of,
that are holding you back. Some poor people habits,
how do you get rid of them? And what are some of the
new habits of the rich that you are going to develop? And also comment below, let me know how this video has helped you. If you've been watching
my work for sometime now, let me know. And also check on my videos
on this side as well. Go ahead, watch those videos right now. Until next time, I'll see you, my family.
