AS Coco Chanel once said, ‘There are people who have money, and there are people who are rich.’ While the concept of being rich doesn’t guarantee happiness, life can be far more pleasant – and easier – if you don’t have to worry about money.
But how do you get to that point?
Doing the grind from payday to payday won’t necessarily get you there. You need to do something different: your behavior is what will determine whether you remain trapped in mediocrity or flourish in financial abundance.
Getting on track is easy if you know-how – and there are some super-wealthy people who do. There are many valuable lessons we can learn from them…
1.USE YOUR MONEY TO MAKE MONEY
A crucial aspect is actually having money to invest, and this is what separates the rich from the poor. Thomas C Corley, author of Rich Habits: The Daily Success Habits of Wealthy Individuals, spent five years studying the habits of more than 200 self-made millionaires. He found that the wealthy find money to invest by forcing themselves to survive off 80–90% of their net income, thereby setting aside 10–20% of their income for investing.
You could scoff and think that’s easy when they’re earning seven figures, but this is a habit that they cultivated from the get-go when they had little money. It’s how they got to be wealthy.
2.PAY YOURSELF FIRST
This story is from the May/June 2021 edition of Fairlady.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the May/June 2021 edition of Fairlady.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Easter with edge
Grant knows what it's like to miss out on the celebrations that anchor family life.
The MALE bias
Historically, medical studies were mainly done on male mice and on men; and then extrapolated to treat women, as if a female body were just a smaller version of a male one. Here’s why that doesn’t make sense, and how to work with your body’s natural rhythm for better health.
Wellbeing
How to sleep better, feel better and look better!
The other type of CHEATING
Lies about money can have devastating consequences in a relationship.
THE 'PEST' IN PESTICIDES
oe r Despite many highly Hs hazardous pesticides being banned in their countries of origin, 192 of them are still legally exported to South Africa
START A BUSINESS LIKE a Saffer
There's nothing quite like a South African entrepreneur. In the face of adversity, they innovate and persevere. But what fuels that determination? We chatted to some self-starters to find out.
How to take the MONOTONY OUT OF MONOGAMY
It's easy to get complacent in a long-term relationship. Before you know it, your partner is little more than your roommate. Here's how to shake things up.
SUPER TROUPER
At one point, Josie Borain was the most famous model in the world. Her face was on every magazine that mattered. And in the madness of all that attention, she never lost her sense of self. She talks to us about turning 60, being single, and starting her third act with a move to the platteland.
Little wonder
Over the years we have visited 16 Greek islands, but when we first set foot on Halki, the little-known gem just south of Rhodes, we knew we'd found the closest thing to the perfect one. And we vowed to return. Often.
HOME AFFAIRS
These three entrepreneurs are redefining the heartbeat of homes through their unique blend of creativity, sustainability and purposeful design.
