The rich get richer and you should, too. Learn from their secrets on how to build wealth. investinyou (In partnership with acorns.)
comparatively little has been written about how the rest of us can incorporate this wisdom into our own lives. How we think about money — and more importantly, how we act with our money — dictates a large part of our financial outcomes. While much of the psychological orientation of the wealthy is derived from the stability and satisfaction created from their wealth, other characteristics of wealth can be applied by almost anyone seeking to improve their finances.
74% of Americans would experience financial difficulty if their paycheck were delayed by just a week. One of the truest paths to amassing wealth involves spending less than you make, and using the surplus to invest in something that will make you more. Doing the opposite — living paycheck to paycheck, or worse, spending more than you make— will prevent you from ever growing your wealth.
When we're overcome with worry — especially financial worries — we can act precipitously, not considering the overall impact of our decisions. Another issue? If you're already under financial strain, you're likelier to make choices that lead to even more financial problems in the long-run. You might be more likely to forego appropriate insurance or 401 contributions to save money in the short-term.
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