We all know them, know about them, and if we are honest, we secretly want to be them or even better, we are them. Who you ask? I am talking abut women who are making movements and achieving financial success. So here are a few things that I have found these women do regularly to keep them on top form.
1. They make a budget and they stick to it, simple!
Not only do these women who always have money know exactly what is going on with their money, they have set a budget that works for them and more importantly, they stick to it. Setting a budget is one thing, but being able to stick to it guarantees your financial success.
2. They set financial goals and they meet it, just like that!
We have heard it time and time again, you can achieve your goals if you put in the work. Guess what, they are right. Women who always have money not only set S.M.A.R.T financial goals (Specific, Measurable, Achievable, Realistic and Timely goals), but they also achieve it, and this catapults their financial game plan up a level. Yes sir, give me some of that!
3. They understand what their needs and wants are, no wasting time!
Being able to know the difference between your needs and wants are crucial on the road to financial success because it means your money is being spent of things you actually need. By setting a budget, these women have already factored in the cost of treating or rewarding themselves without breaking the bank. They already know that by being able to strike a balance between their needs and wants not only helps them with gaining momentum towards financial success but it also ensures that they enjoy the journey along the way.
4. They make money work for them and not work for their money, like a boss!
Some of these women probably still have 9 – 5 jobs like the rest of us, but the difference is that they make the money they have worked for, now work for them. How you ask? Passive income. This is income that requires little to no effort to earn and maintain, all you do is set it up then sit back and let the money roll in.
5. They invest and diversify their investments, now that’s just smart!
These women make sure to invest their money rather than leave it sitting in the bank to generate a very slow rate of growth. Whether it’s shares/stocks, property, funds or bonds, they invest to ensure that their money is always growing. Then they level up by diversifying their investment in order to balance out market fluctuations.
6. They have a plan B, just keeping it real!
The woman who always has money is not dependent on just one source of income guys, she makes sure she has other sources of income.
So, these are not bad habits to have if I do say so myself. Challenge yourselves guys, see if you can pick up at least one of these habits and see what a difference it will make with your finances.