This our autopilot mode will make us wealthy or poor OH!.

Rich Habits & Being “On Autopilot Mode”With Finances!!!
Let’s talk about being on autopilot mode. Virtually these days most people myself-included tend to leave finances on autopilot mode. Autopilot mode is literally a device that steers a ship, plane, or spacecraft by itself, without a person.  However, the expression “on autopilot” has developed a different meaning. Some typical uses of the expression “on autopilot,” which should make its meaning clear:

·        She wasn’t thinking very hard, she just did this job on autopilot.

·        Instead of driving to school his brain was on autopilot, and He started driving to work!

·        By the third week of his campaign for mayor, Quincy was making all of his speeches on autopilot.

As you must have derived from the examples above, to do something on autopilot means to do it without focusing on it, without thinking about what is happening.

Autopilot mode can make you rich or poor.

Intelligence, talent and charm are brilliant, but more often, it is not what separates the richest among us from the poorest.
The gap between rich habits and patterns of poverty is staggering. If you are already well-placed, you are likely to already adhere to most of these rich habits. The integration of those which you have neglected will push you further. But be sure: if you do now without taking these principles into account that will reach you.

The differences between the rich and the poor are obvious, while others are a little more surprising. The most important rich habit you can take to achieve and maintain your wealth potential is; Wait for it!!!!!

Ø Live according to your means. Rich people avoid overspending by paying for their future. They save 20% of their net income and live in the remaining 80%.
Of those who struggle financially, almost everyone lives beyond their means. They spend more than they earn, and their debt overwhelms them. If you want to end your financial difficulties, you must acquire the habit of saving and budgeting what you spend.

Here are some sensible ways to budget your monthly net salary:

v Do not spend more than 25 % on the home, no matter if you own or rent.

v Do not spend more than 15 % on food.

v Limit entertainment-bars, movies, mini-golf, whatever – to NOT more than 10% of your expenses.

v Holidays should not represent more than 5% of your annual net salary.

v Do not spend more than 5% on car loans and never rent. Ninety-four percent of the rich buy instead of rent. These people keep their cars until the wheels fall, taking great care along the way to save money in the long run.

v Stay away from the accumulation of credit card debt. If you do this, it is a clear sign that you need to reduce something.

v Think about saving and investing as two completely different things. You should never lose money in your savings. Try to hide six months of living expenses in an emergency fund, in case you lose your job or if your business was embarrassing.

v Contribute as much as you can afford a retirement plan. If you work for a company that matches your contributions up to a certain percentage, great. Always take free money when you can get it.

v Do not gamble. Talk about a sweet bet: every week, 77 % of those who struggle financially play the lottery. Almost no one who is rich plays the number. Rich people do not rely on random good luck for their wealth. They create IT.

Thanks for reading I hope this helps you as much as it helps me. If you have any more tips, do feel free to comment or write me.

With lots of Love

DLadySophia……………