Things You Should Avoid If You Want To Be Rich

Being rich is surely not an easy task because of the distractions that life can throw at you and if you can’t overcome those, your dream of becoming rich may be out of hand. There’s always a time in our life that we are asked to overcome certain challenges and sometimes these changes how we look on and do things.

That is also true, when it comes to accomplishing are dream of being wealthy. To give you some ideas of what I’m talking about. Here are some of the things you must avoid in order for you to be rich and successful in life:

5 Things To Avoid If you Want To Be Rich
  1. Impulse purchases
    Wasting money on things you don’t really need is the first thing you should avoid if you want to be rich. Make a list before you go shopping. If possible, know the prices of the things you’re going to buy and only bring that amount with you, though adding a little extra money in case of emergency wouldn’t hurt.
  2. Not having a budget
    Having your own budget plan is vital if you dream of becoming wealthy someday. You must learn early how to handle your finances while they’re not so big yet, so that when you achieve your goal, you’ll be capable to handle your money properly.
    It’s also good to know where your money is going to and how much are you wasting every month. If you think you’re wasting too much, try to adjust your budget and make the necessary changes.
  3. Expensive hobbies
    This one is pretty obvious, right? (If not, just refer to the word “expensive”). There are other hobbies that you could enjoy besides playing golf, collecting luxury items or any other form of spending big just for the purpose of having fun.
    I advice that you try to find a hobby that could also help you earn some extra money, so that you’ll be able to add another source of income. If you’re interested on earning some extra bucks every month, you could try blogging or do web designing.
  4. Smoking
    Health is wealth. If you’re a smoker, just quit it. You don’t want to jeopardize your health and spend thousands of dollars in the future because you’re lungs or heart is damaged because of smoking. Another good thing that could happen if you quit smoking is that you’ll be able to save more because you have reduce your expenses.
  5. Gamblingthings to avoid if you want to be rich
    Gambling every once in a while is okay but gambling several times a month is bad. You don’t want to get addicted to it because if you do, you will surely lose some or even most of your hard-earned money.
    I, personally, like to play poker but I only play it occasionally and when bets are not that high compare to casinos. It’s a good way to spend my extra time with my friends and improve my decision-making skills while I’m at it.
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What do you think? Are there any other things that you would recommend that a person must avoid if he or she wants to be rich?

Other great articles that are somewhat related to this topic:

9 Ways You Can Make Money From Blogging – Modest Money

Super Cheap Hobbies For People On A Budget – Monster Piggy Bank

Turning Your Blog From A Hobby To A Stream Of Income – Reach Financial Independence

Infographic: Living With Less – Frugal Portland

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About the author

Mark Ross Canaoay

Hello! My name is Mark and I'm the one responsible for this website. I'm just a person with enough knowledge about finance-related stuffs. You can know more about me by liking my Facebook Page, following me on Twitter or by adding me in one of your circles on Google+.

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