There is a habit that makes 99% of people unable to become rich

There are only two ways to become really rich: Either make a lot, or spend less.

The article was made by Nicolas Cole, the writer who is in the top 3 on Quora and also the founder of Digital Press.

I am 27 years old, and a special habit that I have found in most societies (especially those starting from the age of 20) is that education is a habit of doing a lot to spend a lot.

As my father also told me: 'Expenditures increase to meet income levels'.

If you are ambitious, you will find many ways to make money.(Illustration).

Below is a typical scenario for recent graduates, who are in their 20s:

1. Graduation and immediately try to find the jobs with the highest possible pay, or 'job jump' as soon as you find a better job (forget that when you are in a lower position, we can learn many things and use for later).
2. Within a year of being promoted, immediately upgrade the apartment.
3. In the second year continue to be promoted and bought a sports car.
4. In the third year of the promotion, he bought a ring right away for a 'special person' who himself could not afford to pay, even had to use a mortgage.
5. There is no promotion for promotion anymore. Salary becomes fixed. Meanwhile, spending habits have been established .

This is an example that has been intentionally shortened and quite accurate. According to statistics, the average savings of households still in working age is about 95,000 USD. That is the whole amount of savings in their lifetime.

But in fact, this is not a completely accurate estimate, because if you look at the data of the middle class (most class), most families have no savings, if any, only about 5,000 USD.

What does that make you think about our society?

We work harder to make more money - and ultimately to spend a lot.

So how do you maintain or even increase your wealth since you are young until you get old? That is, do more, and spend less.

A long time ago I read the story of a banker - explaining how he lived with a salary of $ 500,000 per year. He has a big house, two sports cars, and every quarter around the world. Looks like he had a dream life.

But in fact, he admitted that: ' But if I lose my job, I will lose everything'. He earned $ 500,000 a year, and he also spent nearly $ 500,000 a year.

You can make money easily, but sometimes you don't know how to save.

By definition, he was obviously not wealthy, but he was quite poor - he had no savings.

The older I get, the more I realize that people's definition of 'wealth' is wrong. Making money is actually very easy. Once you know how value is exchanged, you will find that making money is not a difficult challenge.

The challenge here is that you have to earn more than you use, and must continue to live like that. Continue to practice money management habits. Continue to use money to invest. Continue to live as if your income status has not changed - except for the amount you can save.

But in fact, most people fail with this.

You should not ask questions like: 'How do I become rich?' , but ask: 'How can I spend less, so that I can save more?'

Many people can solve the first problem - making money , but not mastering the second problem - saving .

So first of all, I encourage you to prioritize work based on habits. If you are ambitious, you will find many ways to make money. But when you don't pay attention to your goals and are satisfied with what you have, you won't be able to get rich anymore.

Another quote my father once said: 'Not how much money you make, but how much you can save.'