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The 3 Best Habits Of Rich People - YouTube
Channel: Dan Lok
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do you know why you struggle financially
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do you know why you've got no money at
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the end of the month because you had the
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habit of poor people
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you see rich people we have very very
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different habits compared to the poor
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and the middle class today I'm gonna
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teach you what those habits are we are
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what we repeatedly do human beings we
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are creatures of habits you notice that
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you kind of do the same thing the same
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routine over over and again and again
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and again see become getting rich is not
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an act it is a habit so it is staying
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poor it's also not an act it's nothing
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just happens to you it is a habit so let
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me teach you the three best habits of
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rich people the very first habit of rich
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people and that is they count their
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money poor people don't count their
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money they get a paycheck they deposit a
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paycheck they spend the money they have
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no idea what the expenses are you have
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no idea how the money flows you know
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this poor people they alb they have a
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job and wait till maybe once a year when
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they found out they would text return is
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the Texas that I own is how much of the
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page they look at the numbers they even
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look at the numbers it's just ok
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all right
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that's what how much I need to pay found
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tax return and that's it look at it
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maybe maybe once a year rich people we
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don't do that we look at our numbers
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regularly we are financially literate
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I'm not a numbers person don't get me
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wrong ok I'm a concept guy ok I'm a
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big-picture thinker I'm a visionary but
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I am very very careful and I'm very
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aware how my money is flowing I look at
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my numbers I log into my account every
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single day I would look at my cash flow
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I don't look at how much cash we serve I
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have I sit down with my accountant every
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single week look at my financials every
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single week looking at my family shows
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across all my companies how are they
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doing because what gets measured gets
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improved so have a number one rich
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people we can our money regularly how
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often you count your money how often
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look at your bank account not bitching
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about it
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how often you look at your line of every
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single line expense all your revenue
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where that comes from is it improving
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what you need to work on what are those
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key performance indicators are you
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looking at those numbers so that's
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heaven number one habit number two is
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they pay themselves first now you've
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heard of this before
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oh yeah I know Dan I've heard of this
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this before you got to pay yourself do
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you know actually what that means paying
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yourself doesn't buy yourself a
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car
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it doesn't mean taking a vacation it
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doesn't mean that you know you would you
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know you go blow money on entertainment
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oh yeah I'm paying money myself
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no that's paying everybody else when
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you're buying a car you're paying the
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automotive motive company when you're
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buying a house you are paying the bank
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when you are traveling you're paying the
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the traveling agency you're paying the
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hotel you're paying the the flight
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company airplane company paying yourself
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meaning that you put your money aside
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and you invest your money now I'm not
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talking about being frugal you know if
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you know anything about me you know my
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work I'm not talking about being frugal
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and being cheap I'm talking about taking
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a piss percentage of your income and
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putting that aside pay yourself first
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and save it and then you invest it
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that's what I mean by paying yourself
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and a lot of people if you read the book
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that richest man in Babylon it talks
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about that you should save ten percent
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of your money and pay yourself ten
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percent I'm telling you nowadays with
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what's happening with the inflation when
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it's what's happening in the world every
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thing is more expensive if you
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want to get rich paying yourself ten
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percent is way way way way not enough
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you just at the very minimum I don't
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care where you are start off with ten
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percent I don't care if you make your
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thirty thousand dollars a year you pay
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yourself ten percent of that forty to
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forty fifty sixty thousand you pay
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yourself ten percent and that's your
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income increases I want you to also
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increase the ratio so you should at
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first ten percent they should aim to
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save 15% 20% 30% 40% to a point where
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you are making so much more money and
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then now you're only spending a small
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percentage of what you earn that's your
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goal that's called paying yourself so
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that's habit number to pay yourself
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first habit of rich people number three
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and that is rich people are constantly
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improving their earning ability because
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you might be thinking Darren okay I want
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to pay myself first but I'm not making
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enough money I'm only making a few
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dollars in a month i could铆ve
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I couldn't even afford to pay my bills
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how am I gonna pay myself first first of
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all you gotta have the habit of paying
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yourself first if you're not paying
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yourself first even a tiny small
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percentage when you're making 30 40 50
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60 $100,000 a year I guarantee you when
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you're making a million two million
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dollars a year you're not paying
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yourself it is a habit that I'm talking
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about and in order to do that in order
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to be able to every single year to be
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able to pay yourself more and more and
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more and put into investments you need
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to improve your earning ability you need
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to find ways how you can add value to
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the marketplace how to add more value to
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the marketplace so every single year
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your income is going up every year if
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you've been you've been working in house
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in the real world and you have your own
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business and your income kind of stays
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flat for the last two three five years
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then shame on you it means you're not
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learning it means you're not thinking it
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means you're not growing every single
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year your income you have to strive to
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improve that your earning ability and
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the rich people were always constantly
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looking for ways to improve our earning
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ability but also looking for ways to ant
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leverage to apply leverage into what we
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do maybe is through relationships maybe
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is apply leverage through learning so I
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have I know I have more ideas or more
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strategies I can improve what I do maybe
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is through better people that bring on
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better people to my team so we can
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perform at a higher level right maybe is
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through marketing how could I get mine
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how can I get my message out there how
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can I have people know what I have to
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offer we're always constantly looking
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for leverage so those are the habits the
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three best habits of rich people
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understand this I'm gonna leave you with
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a quote you do not decide your future
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you decide your habits and your habits
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decide your
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future so click the subscribe button
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below let me know what habits you have
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that you want you to get rid of that are
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holding you back some poor people have
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it how do you get rid of that and what
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are some of new habits of the rich that
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you are going to develop and also
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comment below let me know how this video
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has helped you you've been watching my
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work for some time now let me know and
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also check out my videos on this side as
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well go ahead watch those videos right
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now until next time I'll see you my
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Bentley
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