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Rich Money Habits - #4

In last month’s issue, we discussed how the Rich have Money work hard for them, while the Poor work hard for Money. This month, we will be looking at Rich Money Habit #4: The Rich choose their friends wisely.

I’m sure you have heard the expression: Birds of a feather flock together? Well, this is very true in every aspect of our lives, whether it be your studies, your sports performance, or whether you become rich, or remain poor. Why is that so?

One of the main reasons the Rich become Rich is because they mix around with other Rich people (who practice good Money Habits). And because they mix around with other Rich people, they learn good Money habits from them. This allows them to learn how to manage their money well.

The same reasoning applies in your studies. Have you ever realized that the 5 closest friends you have in school have almost the same grades and results as you? And because they have almost the same grades as you, you flock together! You feel comfortable with them!

But kids, please don’t get me wrong. Please DON’T stop befriending your current friends just because they are not rich or smart! That’s not what I meant. What I mean is, if you want to get good grades, or if you want to become rich, you have to spend MAJOR time with friends who will help you grow, and who practice good money habits. Spend MINOR time with friends who do not help you grow, and who practice lousy money habits.

So kids, if you want to become Rich or get better grades in school, choose who you spend MAJOR time with, because that would determine who you become in the future.

In next month’s issue, Rich Money Habit #5: The Rich use Credit Cards wisely; the Poor abuse Credit Cards.

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1 Response to “Rich Money Habits - #4”


  1. 1 Aron

    thanks very usefull information !

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The current high credit card debt amongst young adults and the high percentage of retirees who are unable to meet their daily expenses, have made Governments across the region more aware of the need to educate the young on matters pertaining to Financial Management and Retirement Planning These factors provide for an excellent environment in which to launch the Money Tree programme, as a ready market is available.

 

MoneyTree is established to provide Financial & Entrepreneurship skills and knowledge to youths aged 6 to 26 , which would be required to build a career or business, as well as plan for their financial freedom. It has been created to fill the void left by the education system and school curriculum and to explore the opportunities available worldwide to further the dissemination and propagation of high-quality e-learning programmes utilising state of the art technology, and to groom the next generation of entrepreneurs.

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