We all want to be wealthy, right? But for some of us, that might feel a million miles away. You might be closer than you think… here are 7 habits of the wealthy which we can probably start doing immediately. 💸

1. They set clear goals

Goal setting is an essential habit amongst the wealthy. They set targets and strategically plan out how they’ll get there. Ever heard of SMART goals? They are specific, measurable, achievable, relevant and time-bound targets. Whether it’s saving for a house, planning a trip, or investing for retirement, being clear on your goals provides you with the direction and motivation you need to get there. 🎯

Head to the goal tracker and list yours out! You’ll be shown how much you need to save each month to hit your goal on time. 🤓 P.S. Make sure to share your goal in the community and we’ll help hold you accountable! There’s nothing we love more than watching you reach your goals. 🥹

2. They plan for emergencies

A solid reserve of cash that you can access easily is key to staying on track financially. If you’ve been a Financielle member for a while, you’ll understand the importance of an emergency fund and how vital it is to your money journey.

Picture this; you’ve made your plan to pay off your debt and you’re on track, next thing you know, your car breaks down. Where is the money coming from when you inevitably take a trip to the garage? Instead of putting yourself back in debt, an emergency fund will cover you so that you can stay on the right path without any distractions.

3. They have a budget

Budgeting is a cornerstone habit of the wealthy. By tracking their income and expenses, they ensure every penny has a purpose and is working for them. Budgeting isn’t just about cutting costs; it’s about staying in control so you can reach your goals. With a well-structured budget, you can prioritise saving, investing, and even spending on things that truly matter to you.

This is your sign to create a Financielle budget today!

4. They avoid debt

This one may sound obvious, but debt can be so damaging to your money progress. At Financielle, we like to say ‘debt isn’t evil, but it steals from your income.”

If your goal is to build wealth, consumer debt like credit cards, buy now pay later and car finance might be products you want to avoid. We’re looking at you, Klarna 👀

5. They live below their means

Living below your means is crucial to building wealth. Understanding the importance of controlling your outgoings and avoiding lifestyle inflation is vital. But that’s where the Financielle budget comes in📱- it’s the only way you can be fully in control of your money. This is your sign to create a realistic budget you can actually stick to.

6. They are always learning

Whether it be learning new skills, researching the best places to invest your money, or finding the best bank accounts, the wealthy are always looking for more. By devoting a small amount of your time to learning something new and developing your skills, you can only add value to your life. 🫶

7. They invest wisely

If you’ve gone through The Financielle Playbook, you’ll understand that growing your money is the end goal. You work for your money, so it’s time to make your money work for you. But how much should you invest? This number will be completely personal and will depend on the excess in your budget (the money left over after you’ve taken away your expenses from your income).

P.S. If the world of investing is overwhelming to you, head to The Financielle Playbook where we break it down for you, step by step. You’ll then be ready to make informed decisions and get to work! 📈