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Ron Harris

HowMoneyWorks Educator

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Why You Should Study the Wealthy

Why You Should Study the Wealthy

January 22, 2021

Why You Should Study the Wealthy

Want to be financially independent? Study the wealthy.

Why? Because observing the wealthy is one of the most effective guides for creating— you guessed it—wealth. By using the wealthy as your guide, you can reduce debt, increase cash flow, and protect what you earn.

To study the wealthy, pattern their behavior.

Start by observing your social circles. Ask yourself who in your contact list is building real wealth…maybe a friend, family member, or mentor. Got someone in mind? Talk to that person. Spend time with them, hang out with them, and ask them questions. You’ll begin to absorb their insights, habits, strategies, and ways of thinking just by being around them!

If no one in your circles fits that description, it’s not hard to study the wealthy from a distance. Read the biography of a successful businessperson, watch a CEO’s TED Talk, or follow respected financial experts on social media. Be consistent. It takes time to unlearn unhealthy habits and replace them with new, beneficial behaviors.

Also, consider reading the HowMoneyWorks: Stop Being a Sucker book. It’s the quickest path on the market today to learning how wealth is built. You’ll come away with a fresh understanding of what’s possible with your paycheck and the milestones you need to hit.

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