How To Become Wealthy and Successful: 5 Habits To Get There

Most of us aspire to be rich and it is not always possible as building wealth is a process that takes time, patience and constant effort. You not only have to have the right money mindset or right money beliefs but also maintain modest lifestyle habits.Habits are the actions you take not once but consistently throughout life. Therefore, if you are to achieve wealth and success in life you need to learn to adopt certain habits early in life. Here are the 5 most important habits you need to cultivate.


A majority of wealthy and successful people in the world get out of bed at least three hours before their actual workday starts. The proverb “The early bird gets the worm” is very apt as getting up early can help you tackle personal projects, plan your day or retirement plans, or even exercise before work-related activities become a distraction. It will also make time to set and achieve your goals and help in your personal development.


The famous quote “Reading is to the mind what exercise is to the body” by Joseph Addison stands true as success requires growth that comes from reading and educating yourself every day. Wealthy people are usually intelligent because they devote 30 minutes or more each day for self-improvement. Most rich and successful people prefer reading material related to boost their career, biographies of successful people, history and self-improvement books. However, even reading a novel can help too as Science shows that reading for pleasure can also boost one’s career. So, whenever you have free time you should use it wisely by reading. Reading is a powerful tool that can help you continue to learn more each day and give you an edge over others.


Psychology does play a great role in accumulating wealth. So, the people you associate with can have a great impact on your life. You should spend time with people who encourage you, have a Can-Do attitude, and are helpful. You should avoid negative people and be in the company of successful people so that you will soon become like them. If you do not have many highly-motivated people around you need not worry because many self-made millionaires volunteer some hours for community work in a month. This is a great way to meet positive, motivated people who can guide you better, refer you to a new business or help you find a better job. You could also volunteer for community work so that you can share your same personal or career interests.


Another habit that we need to cultivate to become successful is focused thinking. There is so much you need to focus on like career, health, and personal relationships. Most rich people tend to think in isolation for 15-30 minutes every morning. Having quiet time to analyze your thoughts is also associated with stress reduction. A Harvard-trained doctor told CNBC that taking out even two minutes off work to focus on nothing but just your breath will help you relax.

However, often we get distracted from own plans and strategies when we see someone more successful than us and we compare ourselves with them instead. This a great trap that can cause you to make bad financial decisions. Therefore you should learn to focus on your values and priorities and make rational decisions.


According to Corley, “Self-made millionaires do not depend on only one source of income but have multiple streams of income” So, you need to look for income streams that can feed into your wealth. There several ways of growing wealth. You could start a side hustle or invest your money. By diversifying the sources of your income you can weather the downturns that will inevitably occur and build wealth. Here are a few options that you can consider depending on your specific needs, situation, and goals.

  • Real estate or REITs.
  • Stocks, bonds, or commodities traded on financial markets.
  • Business, either as an employee (which means earning equity compensation) or starting your own business, or buying into someone else’s business.
  • Other alternatives such as peer-to-peer lending or crowdfunding.
  • No doubt there are many options but, what you need is to educate yourself about investing and choose something that you have the time, energy and knowledge to manage well.