MoneyMagpie

Nov 09

7 daily habits to live by to get rich fast

We often speak of bad habits, but there are some very good ones as well!

Here’s 7 daily habits we think you should incorporate into your daily life to get rich fast.

We’re not saying you’re going to become a millionaire overnight, but by incorporating these 7 money habits below we can guarantee you will save and make money along the way, and therefore lead a richer life.

  1. Only pay for what you need  
  2. Learn to haggle 
  3. Keep a spending diary
  4. Swap skills 
  5. Use point cards 
  6. Make the most of coupons
  7. Bulk buying 

 

1. Get rich fast by only paying for what you need

7 daily habits to live by to get rich fastWe’re all guilty of it – the odd £3 coffee, the new clothes we don’t need, the overpriced branded products we could do without.

Every day without realising it we are wasting money on little things that if saved could make us some serious cash.

So what’s the solution? It’s simple really… only pay for what you need and you will get rich fast.

Everyday essentials like heating, car insurance and internet are mostly unavoidable but there are areas where we can all do with cutting down on. Try to reduce spending on things you don’t need, or better yet, things you can get for free like free food, free furniture, free haircuts, free cinema tickets and much more.

Little changes in your everyday spending can turn into big savings!

Stop paying for these 15 things you can get for free.

2.Get rich fast by learning to haggle

7 daily habits to live by to get rich fastGive haggling a go and it will soon become one of your new favorite hobbies!

There is nothing embarrassing about haggling over the price of anything. It takes a bit of front but anyone can do it if they know how.

You can save money on anything from clothing to electronics, homeware and sports equipment. Simply asking for a discount can sometimes lead to big savings or discounts,  but don’t accept the first offer.  Remember shops out there would rather make a lower sale than no at all so whatever they offer push a little more and hopefully you’ll get a good deal.

Whether they say yes or no, stay pleasant and be friendly, particularly if you would like to come back to that shop later. It’s tough for everyone, particularly shop owners, so be nice and you’re likely to get more in the long-run!

Here’s our guide to haggling like pros!

3. Get rich fast by keep a spending diary

spending diaryA great way to ‘get rich fast’ is to keep a spending diary.

MoneyMagpie’s top tip to keep out of debt is to live within your means. Genius huh? The problem is most people have no idea what is going into their bank account each month, and even less about what’s flowing out.

Most people think they know exactly what they spend but a spending diary can really help show you where you are throwing your money away and so how you can make big savings on your day-to-day purchases.

Get into the habit of tracking everything you spend so you can see just how much money slips through your fingers and this will help you manage your money better and of course get rich fast!

Help yourself get rich fast – keep a spending diary.

4. Get rich fast by swapping skills

7 daily habits to live by to get rich fastMany entrepreneurs reduce costs and grow their business by swapping skills, we even do it here at MoneyMagpie HQ.

You don’t always need money to get what you want. Everyone has something to offer in terms of skills, it could be anything from accountancy to decorating, gardening to dog-walking or child-minding. You might have goods to exchange or even be willing to lend out equipment.

By simply swapping skills with others, you might be able to save £100s. There are a number of organisations out there that cater to whole communities of skill-swappers if you want to widen your horizons.

Remember! It’s not just skills that are swappable – your unwanted stuff is too. There are hundreds of sites around devoted to swapping clothes, DVDs, books… pretty much anything you can think.

Give skill swapping a go! You’d be surprised what you can get.

How to save Money with Skill Swapping

5. Get rich fast by using point cards

7 daily habits to live by to get rich fastAre you making the most of your spending and getting as much as you can for free with it?

Most shops these days offer some sort of points or loyalty card. Sign-up for the ones you think you’ll need and every time you shop, you’ll earn reward points which can be used towards your next shop. It’s amazing how many of us collect up points and rewards and never get round to using them.

Tesco, Sainsbury, Superdrug, Boots, The Works, Starbucks, Costa, The Body Shop and even Nandos are just a few high-street shops that offer loyalty cards.

Live for free with loyalty and rewards cards.

6. Get rich fast by using coupons & discount codes

7 daily habits to live by to get rich fastDiscount vouchers, coupons and apps top the list of the nation’s favourite money saving tips, with half of UK adults using them to cut the cost of goods and services.

Scour Facebook for couponing pages. You’ll find hundreds of dedicated couponers who post regularly with tips and links to coupons. Follow their pages and keep an eye on their posts.

Other good places to find printable coupons include; SuperSavvyMe, MyMailCaring Everyday and Amazon. Make sure your device is connected to a printer and print your coupons straight out.

Also, at MoneyMagpie we’re big fans of the deals on offer at GrouponIf you’re a newsletter subscriber (and if not, why not?! – sign up here) you’ll know that we often feature great Groupon discounts. But, better still, Groupon have now teamed up with a range of National Retailers to create Groupon Coupons, check them out here.

6 top couponing tips to make you an expert.

7. Get rich fast by bulk buying

7 daily habits to live by to get rich fastWant to get rich fast? Then we really recommend you master the art of bulk buying.

The MoneyMagpies are big advocates of buying in bulk to save money. Everything from food to energy, holidays to nappies could be bought cheaper if you buy a lot in one go and this will make you richer in the long run.

Take a look at these 10 ways to save money by buying in bulk.

 

What habits do you you live by for a richer life?

Let us know in the comments below or on Twitter @MoneyMagpie.

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