FTC: This post is not sponsored and I am not a financial advisor All thoughts and weird opinions are my own. 

The other day I was complaining to my friend about the exorbitant total amount of money I have spent on remodeling my little five by eight bathroom. As I tallied off all of the amounts, and told him how broke I felt, he told me that I am so used to saving and budgeting that whenever I have to spend any amount of money I always feel broke. 


40 Money Moves to Improve Your Financial Life
Money Decisions You’ll End Up Regretting In 10 Years

Although he honestly told no lies… because I really hate spending any more than 5 dollars on anything, he brought up an interesting point. That point inspired many thoughts, which thus has sparked the idea for today’s post. That is why I am here with you today with another curated list consisting of the 10 Habits of people who always have money. The more you pick up on these habits, the more you too can complain about being broke, but having a secret stash of money (which I swear to you… after paying these credit cards down I do not have).

habits of people who always have money

10 Habits Of People Who Always Have Money

1. Strict Priorities

This should be a given when it comes budgeting, and becoming more financially responsible. When you want to surround yourself with a financially sound lifestyle, you need to set up your priorities and honor them. This means that if your priority is to build an emergency fund, then shopping or vacationing may have to take a backseat for a short while. Focus on your priorities until you reach your goals.

2. Goals

Once you have set your priorities up, your goals will help keep you motivated. The goals you set up will help keep you ‘honest” so to speak. Having short term and long term goals that align with your priorities will help you stay on track to obtaining financial freedom. 

3. Constant Education

This doesn’t mean staying in school forever, and it doesn’t even mean having to take classes. However people who always have money, especially the wealthy with multiple sources of passive income, all say they do the same thing: READ! You want to stay up to date and learn all of the new developments when it comes to finances. (10 Finance Books That Will Change Your Life). Reading and staying knowledgeable don’t have to be burdensome. Twenty minutes a day during a commute, audiobooks…etc can help make it possible to keep your wheels spinning. 

4. Stick To A Budget

No one loves budgeting because it just reminds them of what they can’t do with their money. Budgeting doesn’t necessarily have to make you feel that way, but it is something that you need to do if you want to keep a constant stream of money flowing into your bank accounts. (Which budgeting technique is right for you?). There are several different budgets you can try and tackle in order to set you on the right path to financial freedom. 

5. Open To New Ideas

People who always have money flowing in, tend to be the people who are more open to new ideas. What that means? They listen to people’s ideas and take part in them. Don’t walk away from various types of income because you’ve never tried it before. If you want to make money you’ve never seen/had, then you need to be willing to do things you’ve never done before (but don’t break the law… because you know… prison and such). 

6. Calculate Outcomes

You want to always think about the various outcomes that can occur based off of the level of risk you are taking with your money. Going in blind with your money is never ever ever a good idea. To best calculate your outcomes, you want to stay knowledgeable (and we know how to do that… see step #3).  

7. Multiple Bank Accounts

Having only one bank account can make saving and budgeting extremely difficult. (Four Savings Accounts Every Person Should Have). You want to have 3-4 bank accounts to support various aspects of your financial life. For example I have a checking account, and four savings (one specifically for my dog) so I don’t confuse what money belongs where and what it should be used for. 

8. Avoid New Debt

I know this is easier said than done, but people with money… I mean real real money … they don’t go and acquire new debts even after they’ve paid off their own debts (like me… don’t be like me.) This means avoiding credit card debt, car debt, and mortgage debt if you can. Use your money to make you more money instead of typing up your finances in interest riddled debt. 

9. Proper Mindset

I know you’re probably thinking how is a proper mindset different from having priorities, it is. When you have priorities, if your mindset isn’t focused on your priorities and goals, then what is the point. Your mindset can veer through various life struggles and issues. Trust me I know all too well. But your mindset, very much has to be mind over matter in such situations regardless of what is going on. Building generational wealth is no easy feat, and requires the mindset to make it happen. 

10. Emergency Fund

I just re-did my bathroom and that cost went from 4k to 11k real quick. Luckily I had an emergency fund to help cover the difference instead of using my credit cards. Build your emergency fund to be able to cover 1-2 unforeseen potential emergencies. You can start by just creating a $1,000 dollar emergency fund, and take it further from there. Baby steps always lead to even bigger steps.

If you found this post to be helpful don’t forget to pass this on to your friends, family and nosey neighbors. You can also sign up for our 8 week money saving challenge below!  

money saving challenge

Until the next time,