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Six Financial Habits of the Wealthy that Anyone can Adopt

Have you ever wondered about the day-to-day financial habits of the wealthy and how these habits have brought them to financial independence and freedom?

What our financial advisors have come to realise is that any achievement is preceded by small, daily activities that act as stepping stones towards the finish line.

Many of the daily habits of financially successful people are not only focused on what they do with their money, but also how they choose to channel their thoughts and energy.

financial habits of the wealthy

Financial Habits of the Wealthy

Aristotle once said that it is what we repeatedly do that creates excellence and this applies to every single aspect of our lives, including the financial aspect.

Another commonly used analogy that couldn’t be more pertinent is “practice makes perfect”. In other words, the more you do something, the better you become at it and, before you know it, it no longer feels like a task – this is truly the sweet spot for making any dream a reality.

How to be Successful with Money – 6 Habits of Financially Successful People

Work Hard

Your greatest success will come as a result of your hard work and perseverance. Although many people have struck a few good streaks of luck that has resulted in substantial wealth, these cases are the exception.

If you want to be financially successful, you need to work hard for it every day. Not only will your hard work pay off, it will also foster a sense of gratitude and appreciation for what you have achieved.

Live Within your Means

Regardless of the size of your income, living within your means can really pave the way to financial success.

Even the wealthiest person will struggle financially if they live frivolously. It’s not about how much you earn, but about how disciplined you can be to not spend money you don’t have and to save whatever money you do have.

A modest life also cultivates a sense of gratitude for what you have while proving that you don’t need to fill your life with material objects to find happiness. There is true richness in living a happy, clutter-free and debt free life.

Have Patience and Perseverance

Patience really is a virtue which shows that you understand that sometimes, good things take time. Taking shortcuts to any achievement can lengthen your journey.

Wealth is not achieved overnight (unless you are one of the exceptions we spoke about earlier). Instead, it requires resilience in order to bounce back from setbacks and an understanding that setbacks will happen and it’s nothing personal.

With these important tools in hand, wealth is achievable. However, avoid mistaking patience for idleness or inaction and rather make thoughtful decisions that will benefit you in the long-term. In the meantime, you can focus on important micro-tasks.

Finding Balance

Balance is key in everything that we do, from relaxation and exercise to socialising and spending time alone – balance will keep us healthy and happy.

When it comes to balancing your finances, you need to make choices that allow you to live in the present while still planning for the future.

For example, save what you can while gradually and consistently paying off your debt. Or, enjoy an affordable family holiday and resume your savings with diligence when you return. An accumulation of these small acts of balance will secure a healthy financial future.


Self-awareness brings awareness to what motivates you and, understanding what motivates you will help you channel your efforts in the right place.

With a clear picture in mind of what you want, you can set equally clear, decisive short-, medium- and long-term goals that will help you turn your financial dream into a reality.

Spending some time alone and in silence each day will help you reflect on what you need to do in order to achieve the wealth you have always dreamed of.

Commitment to Life-Long Learning

You really are never too old to learn. In fact, when you stay committed to learning, you will discover new pathways, new techniques and new concepts that will help you achieve financial freedom.

Whether you enrol in a part-time course, sign up for a workshop or simply take part in self-learning through all the resources available to you, it’s imperative that you consider yourself a life-long student rather than a one time graduate.

Not only will this enable your ability to achieve wealth, it also keeps your mind stimulated. Your brain is like a muscle, the more you train it, the stronger it becomes. Leverage this to help you gain wealth.

Olemera - Financial Planning Johannesburg

Our day-to-day habits are what ultimately define us and help us achieve our biggest dreams. However, having a plan in place is a crucial part of achieving anything.

Our financial advisors in Johannesburg can help you develop and refine a perfect, comprehensive financial plan that will help you reach your short- and long-term financial goals.

We help you plot a route towards success, and support you along the way. To find out more about how a financial plan is key to achieving wealth, please contact us.

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