It’s our habits that run on autopilot that will either make us or break us. Think of your health, your skills, your knowledge, and especially your financial situation. They’re all determined by your habits.
If you’re healthy then I guarantee you that you have good eating and exercise habits. If you’re knowledgeable on a topic then you have good habits surrounding that knowledge.
Good things don’t usually fall from the sky. You don’t magically become fit and healthy one day just because you prayed to Roger the dodgy angel. You became fit and healthy by creating good eating and exercise habits that were automatic. The actions might be challenging and feel unnatural in the beginning but eventually they will be on autopilot as that’s just how habits work.
It doesn’t matter if it’s a good habit that creates good outcomes or a bad habit that creates a bad outcome, they’re both just as effective in achieving the inevitable result in the end.
Habits are all-powerful and will always get you to where you deserve to be. This is why we have to make our daily habits conscious. They’re like our rudder directing us towards a very predictable destination.
If we have bad habits that we’re not conscious of and they’re sending us straight to hell then it’s not the habit’s fault. It’s our fault for not being conscious of the direction that the habit is sending us to. Habits don’t question our input they simply follow through with our commands.
I’ve never had a bad habit tell me that if I continue with it I will end up fat and dead. I’ve also never had a good habit tell me that I will end up rich if I continue on with it. They don’t care one way or the other, they’re just there to follow through and take us to the rocks or an island paradise. It’s all the same to the habit.
How Will Habits Make Me Rich?
The core habit that will make you rich is investing in income producing assets EVERY month, forever. At least ten percent of your income if you want to get rich slowly and much more of it if you want to get rich faster.
Knowing the hottest stocks to buy this year will not make you rich as those same hot stocks might be the dogs next year.
Consistently investing in boring, average performing index funds month after month, year after year forever will make you rich.
Real estate will do the same job and it’s probably easier to create the monthly habit of investing as the bank will be there with its hand out to collect your mortgage payments. So if you have zero self control then rental properties might be the place to start investing.
It’s the consistency and relentlessness of the good habit that will make you rich. Regular investing in good income producing assets that slowly increase in value over very long periods of time will make you a wealthy person every time.
This should be a CORE human habit, installed, conditioned and placed on automatic pilot. Set it and forget it, but also guard against it and never let yourself or any other entity mess with it. React with great fury and vengeance towards anything that dares interfere with this good money habit as it will eventually make you a free man or woman.
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