6 Habits of Parents Who Always Have Money
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Being a parent and feeling like you have to buy a ton of things for your kids or run a household is NOT easy. In fact, it can be incredibly hard to get ahead.
And if this is you right now, then the tips down below will definitely help you out. So give them a read and let us know what you think!
Important Side Note:
If you’re in debt, then I would definitely read Dave Ramsey’s book The Total Money Makeover which you can check out here. He’s helped MILLIONS of people climb their way out of debt and have financial peace and security. So DEFINITELY check him out!
Also! He has another great book called the Legacy Journey which is a great read. Check it out here!
They neglect the birthday checks (or have a low-key celebration) and any other unplanned-for occasions. They’ll instead put that money that they would have spent away in their savings to get ahead.
Sometimes they’ll do fun things for their kids, but the majority of the time they’re thinking about their future.
Parents with money are always looking for the opportunity to invest cash. They work with a professional to make sure that their financial security is set when investing and planning for retirement.
They make the most of their time…
Parents that have money are always making the most of their time. They’re finding new ways to bring in income through side hustles.
Or, they look for ways to cut down on their work time but still be more productive. And instead of watching TV, they’re learning about ways to save better or find success in different parts of their lives.
They choose the right friends…
There’s an old saying that goes, “Iron sharpens iron,” and this applies to parents as well.
They’re building healthy relationships that challenge them to be better savers and/or make more money. Because when you’re around people who don’t share the same goals, it can be A LOT harder to stick to them.
They put themselves through the “learning shower”…
They’re finding new podcasts and books and online interviews that inspire them in the lifestyle they want.
So if they want to go after early retirement (like how this couple here did in their 30’s), or get out of debt, they’re surrounding themselves with so much information and learning that it’s like stepping into a shower.
They stay fit…
One of the best ways to stay more productive is to exercise.
Believe it or not, many people find that when they work out, they’re able to think and work better. And when you work better and smarter (and not just harder), you’re able to make more money.
If you’re a parent that wants to have more money in your bank account and get ahead, then definitely adopt some of these habits. They’ll really help you out!