People who manage to get rich without understanding basic finance usually have internalized these 7 subconscious behaviors

There’s a surprising truth that not many people realize – you don’t need to be a finance whiz to get rich.

Sure, understanding money matters helps, but it’s not the be-all, end-all. Some people manage to amass wealth without deep financial knowledge.

So, how do they do it? It’s all about subconscious behaviors – the habits and attitudes that guide their decisions and actions.

These individuals might not know a balance sheet from a bank statement, but they’ve internalized seven key behaviors that serve as the foundation of their financial success. Let me walk you through them.

1) Spending less than they earn

It’s a simple concept, but it’s one that many people struggle with. Wealthy individuals who aren’t finance experts have mastered the art of living below their means.

This doesn’t mean they’re frugal to the point of deprivation. Instead, they’ve internalized an important behavior: recognizing the difference between needs and wants.

Most people are tempted by the latest gadgets, designer clothes, or luxurious vacations. But those who manage to get rich without understanding basic finance resist these tempties, opting to save or invest their money instead.

This subconscious behavior allows them to accumulate wealth over time, even without a deep understanding of financial concepts. So if you’re looking to increase your wealth, consider adopting this behavior and make conscious decisions about your spending.

And remember โ€“ itโ€™s not about depriving yourself of enjoyment, but about making smart decisions for your financial future.

2) Investing in themselves

This is a lesson I learned early on. I remember when I was just starting out in my career, fresh out of college and not really knowing what direction to take.

I didn’t have much money at the time, but I made a decision that would prove to be one of my best: I invested in myself. I bought books on personal development, attended seminars, and took online courses related to my field.

I may not have understood complex financial concepts, but I knew that investing in myself – broadening my knowledge and improving my skills – was a surefire way to increase my value and earning potential.

And it paid off. Today, I’m living proof that investing in yourself can lead to financial success without a deep understanding of finance. It’s a subconscious behavior that can truly make a difference.

So if you want to build wealth, don’t forget to invest in the most important asset – yourself.

3) Embracing failure

Did you know that most self-made millionaires have experienced bankruptcy or severe financial loss at some point in their lives?

Instead of seeing these setbacks as the end of the road, they view them as valuable lessons, stepping stones on their journey to wealth.

They internalize the idea that failure is simply part of the process. It’s this attitude, this subconscious behavior, which allows them to bounce back and continue on their path to success.

Failing doesn’t make you a failure. It makes you a learner. And in the long run, those lessons can lead you to incredible wealth. So don’t be afraid to fail. Embrace it, learn from it, and keep moving forward.

4) Setting clear financial goals

People who amass wealth without a deep understanding of finance often have one thing in common: they set clear, specific financial goals.

They’re not just aimlessly saving or earning money. They have a clear vision of what they want to achieve, whether it’s buying a house, starting a business, or saving for retirement.

Setting clear goals gives them something to strive for. It helps them make better decisions, stay focused, and remain motivated even when things get tough.

So if you want to increase your wealth, start by setting clear financial goals. Know exactly what you’re working towards, and every financial decision you make will become that much easier.

5) Prioritizing time over money

We often hear the phrase “time is money”. But those who manage to get rich without understanding basic finance turn this concept on its head. They prioritize time over money.

They understand that while money can be earned, lost, and earned again, time is a finite resource. Once spent, it can never be recovered.

That’s why they focus on creating passive income streams, delegating tasks, and automating systems. They aim to free up their time so they can focus on what truly matters to them.

If you want to join their ranks, start viewing your time as your most valuable asset. Spend it wisely, and watch your wealth grow.

6) Cultivating gratitude

This might seem an unusual behavior to associate with wealth, but it’s more impactful than you might think.

People who manage to get rich without understanding basic finance often have a deep sense of gratitude. They appreciate what they have, however big or small.

This isn’t just about being thankful for material possessions. It’s about appreciating the opportunities they’ve been given, the people in their lives, and even the setbacks they’ve faced (remember, they view failures as lessons).

Cultivating gratitude helps them maintain a positive outlook, even in tough times. It makes them more resilient and determined to achieve their financial goals.

So take a moment each day to reflect on what you’re grateful for. It could make a world of difference to your financial journey.

7) Never stopping learning

When I was younger, I thought that once I had finished school, my days of learning would be over. How wrong I was.

The reality is, the learning never stops, especially when it comes to financial success. Those who manage to get rich without understanding basic finance are always seeking to learn more.

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They read books, listen to podcasts, attend seminars and workshops. They’re curious and open-minded, always on the lookout for new ideas and opportunities.

I’ve come to realize that this constant thirst for knowledge is a key driver of their success. It keeps them adaptable and ready to seize new opportunities as they arise.

So remember, never stop learning. The world is full of lessons, if only we’re willing to seek them out.

8) Embracing change

Change is inevitable. Markets fluctuate, economies rise and fall, and what worked yesterday may not work today.

Those who get rich without understanding basic finance understand this. They don’t fear change; they embrace it.

They’re adaptable, flexible, and ready to pivot when necessary. This ability to roll with the punches, to adjust their strategies as circumstances dictate, is a major factor in their financial success.

So don’t be afraid of change. Instead, view it as an opportunity for growth and advancement. After all, the only constant in life is change itself.

9) Taking calculated risks

Taking risks is an inherent part of building wealth. Those who manage to get rich without understanding basic finance are not afraid to step out of their comfort zones and take calculated risks.

They don’t gamble blindly, but they’re willing to make bold moves when the potential rewards outweigh the potential losses.

Remember, it’s not about being reckless, but about having the courage to seize opportunities when they arise. Playing it safe can only get you so far; real financial growth often requires a degree of risk-taking.

Final thoughts: It’s all about behavior

We often look at wealth and assume it’s all about understanding the intricacies of finance. But as we’ve seen, that’s far from the whole picture.

People who have managed to get rich without delving into complex financial concepts have mastered something arguably more important: behavior.

Whether it’s living below their means, investing in themselves, embracing failure, or any of the other behaviors we’ve discussed, these individuals have internalized habits that propel them towards financial success.

These behaviors are not exclusive to them. They can be learned, practiced, and mastered by anyone willing to make the effort.

So as you navigate your own financial journey, remember: It’s not just about what you know; it’s about what you do.

Your actions, your behaviors, are the true drivers of your financial success. What will you choose to internalize?

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Tina Fey

I've ridden the rails, gone off track and lost my train of thought. I'm writing to try and find it again. Hope you enjoy the journey with me.

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