ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

What Are the Secrets of the Wealthy?

Updated on March 26, 2020
nitinkhaire profile image

Nitin is a certified life coach, executive coach, writer, husband, and father. His passion is to help people become their best version.


There is a huge gap between the rich and the poor. Here are 10 secret habits of the rich and wealthy.

If you want to acquire wealth and riches, learn from these habits of the wealthy and implement them.

In case you are rich already, applying these secret habits will further enhance your wealth.

Some differences between the rich and the poor are obvious whereas some are not.

Study the ones given below and apply those that are missing in your life.

It will result in an increase of wealth for you. these are open secrets and yours for the taking.

In fact, anyone can apply these secret habits in their lives and amass wealth.

1. They Live Within Their Means And Don’t Overspend

Rich people have learned the secret of living within their means. Wealthy people never overspend.

Generally, rich people save 20% to 30% of their net income and use the remaining 70% to 80% for their expenditure.

Poor people spend almost one hundred percent of their income.

Rich people are careful about things like credit cards.

They don’t accumulate loans on credit cards.

Poor people are usually bad at money management and because of that, they end up in financial debt.

The wealthy don’t spend more than they earn.

2. They Don’t Gamble

Rich people, who are also wise, don’t generally spend money on gambling.

Even if they take risks, they are calculated risks.

They are wise in the ways they handle their money and don’t just throw it away.

They even make money by investing the money that they already have accumulated.


3. They Read Every Day

Wealthy people have a good habit of reading books every day.

Millionaires like Bill Gates and Warren Buffett consume a huge amount of books daily.

It has become a part of life for them.

Reading increases knowledge and knowledge increases wealth.

Among the wealthy people, almost 80 to 90% of people read for at least 30 minutes daily.

It is said that readers are leaders.

So it is important to develop the habit of reading regularly if not daily.

4. They Forget The Television And Spend Less Time On The Internet

Rich people don’t spend a lot of time watching TV shows or surfing the internet.

The idiot box and internet can be the biggest time wasters of all time.

If you are not careful about how much time you spend on both of these you will end up wasting hours and hours of time.

Of course, no one can stay away from the internet in today’s technologically advanced world.

But one needs to definitely monitor how much time they spend on the internet.

If you are disciplined in your use of the internet, then you will be able to invest that time in creating wealth for yourself and your family.

How much of your valuable time do you lose parked in front of a screen?

5. They Control Their Emotions

People who are rich know how to control their emotions.

They don’t let emotions run their lives.

They don’t make decisions based on emotions.

They know that not every emotion should be expressed — that some emotions when expressed, can hurt others.

So they have learned to keep their emotions under control and use them only when necessary.


6. They Are Good At Networking And Building A Team

Wealthy people are aware of the importance of building a good and large network of like-minded people.

They are very good at building strategic relationships which will help them in their businesses to increase their wealth.

They know how to use the power of synergy and leverage people’s skills and experience.

7. They Go Above And Beyond The Call Of Duty

Rich people go beyond the call of duty.

They don’t do just what they are required to do but they do much more than that.

They work hard not only in order to become profitable but also to increase the financial position of their employees.

They are not the kind of people who watch the clock all the time while working.

When they start working, they forget about the clock and just concentrate on the work that is to be done.

This is one attitude of wealthy people that we should start implementing in your life if you want to see riches and wealth coming to you.

8. They Avoid Procrastination

Wealthy people are action takers. They take massive actions and take it fast.

They know that time is of the essence.

They are aware of the fact that not taking decisions on time may result in huge financial losses.

They have mastered the art of taking quick action.

They know that time is precious and so they never procrastinate.

9. They Avoid Toxic People

The rich and wealthy people know the importance of building strategic relationships.

It is for this very reason that they strictly avoid toxic relationships.

A toxic relationship is one in which one person keeps on poisoning another person with his words and behavior.

Toxic persons are like vampires that suck the life of you.

Wealthy people have learned how to stay away from such people.

They are aware that such toxic people can affect them in many ways including financially.

So they only move around with other successful and like-minded people.

10. They Never Give Up

Wealthy people are very tough and they don’t give up easily.

They may fail in various ventures but they always come back and keep working until they succeed.

They have learned the secret behind the quote that says that “winners never quit and quitters never win.”

They are not afraid of failures and setbacks.

They are not afraid of missing the mark.

In fact, they know that they are going to fail sometime or the other and they are prepared for it.

Those who are successful in life have three things in common: focus, persistence, and patience.

As you can see, the differences between rich and poor are simple — sometimes small — but not insignificant.

If you start practicing these 10 principles or secrets in your life, you will definitely see more wealth and riches coming to you.

Do you think you can apply these secrets and become wealthy?

See results

This content is accurate and true to the best of the author’s knowledge and is not meant to substitute for formal and individualized advice from a qualified professional.

© 2020 Nitin Khaire


This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
ClickscoThis is a data management platform studying reader behavior (Privacy Policy)