Jim Rohn, the late American entrepreneur and motivational speaker, once said, “If you don’t design your own life plan, chances are you’ll fall into someone else’s plan. And guess what they have planned for you? Not much.”

When it comes to money, it’s easy to fall into the trap of living paycheque to paycheque or overspending on things that don’t matter. But, by developing good money habits, you can take control of your finances and design a life plan that aligns with your goals and values.

Here are five money habits you should learn in 2023

Live below your means

Living within your means is spending less than you earn. This is an essential habit for financial stability and success. Living below your means creates a difference between your income and spending, allowing you to save and invest for the future.

Jim Rohn frequently emphasized the significance of getting the most out of your income and keeping track of your expenses.

When you live within your means, you are compelled to make decisions and sacrifices that are consistent with your values and priorities. You may have to limit your eating out and shopping, but you are making a conscious effort to prioritize your financial well-being.

Save regularly

Saving on a regular is a vital component of accumulating wealth over time. No matter how much money you make, you should make it a habit to save a portion of it each month. This habit will help you save for an emergency, pay off debt, and invest for the future.

Jim Rohn once said, “We must all suffer from one of two pains: the pain of discipline or the pain of regret.”

By saving on a regular basis, you choose the pain of discipline now over the pain of regret later. You are investing in your future and taking charge of your finances.

Invest in your education

Jim Rohn thought that the finest investment you could make was in yourself. He frequently emphasized the need to continue to learn and improve personally and professionally.

Investing in your education means learning about personal finance, investing, and wealth creation. The more you understand about these areas, the more equipped you will be to make informed financial decisions.

Investing in your education provides you with the information and skills needed to build wealth and achieve financial stability.

Practice gratitude

Jim Rohn believed that one of the secrets to a happy and successful life was to practice gratitude. When it comes to money, gratitude means being grateful for what you have and appreciating the value of your current financial condition.

You can redirect your emphasis from what you don’t have to what you do have by practicing thankfulness. You can become more conscious of your spending and make decisions that reflect your values and priorities.

Read also: Programming your mind for success

Network and seek mentorship

Jim Rohn believed strongly in the value of networking and seeking mentorship. He always stressed the necessity of surrounding oneself with accomplished and happy people who can assist you in achieving your goals.

Seeking mentorship and networking with successful people can help you get useful insights and guidance on personal finance and wealth growth.

You can benefit from the experiences and triumphs of others and accelerate your own financial growth by seeking mentorship and networking.

Conclusion

Jim Rohn once said, “Success is nothing more than a few simple disciplines, practiced every day.” The five money habits outlined above are simple, yet powerful disciplines that, if practiced consistently, can help you achieve financial success.

Remember, it’s never too late to start developing good money habits. By taking small, consistent steps, you can make a big impact on your financial future. So, make a commitment to yourself and your financial well-being and start developing these five money habits today.

Jim Rohn’s teachings on personal development, success, and wealth-building have had a profound impact on millions of people around the world. By incorporating these five money habits into your life, you can achieve financial success and live the life you’ve always dreamed of.

Contributed by Judah Owolabi

For more information and updates join our WhatsApp group HERE

LiKe our page on Facebook HERE

Join our Telegram group HERE