1.     Live below your means while working toward a goal. Wealthy people are so sure they’ll eventually get ahead, they don’t mind skimping today for a more prosperous tomorrow. Instead of spending all their earnings or putting aside just 10% in savings, they’re willing to save a third or even half of their earnings to reach financial goals.

2.     Avoid luxuries until you can afford them. When wealthy people are starting out, they settle for basic houses, cars, etc., and allocate the savings to investments.

3.     Avoid debt. If you put off buying until you can actually afford it—as well as settling for less expensive purchases—you can avoid unnecessary debt and crippling interest charges.

4.     Take the slow and steady route. High-risk investments and get-rich-quick schemes can actually make you poor. Instead, stick with slow, steady, stable investments that offer dependable growth over time.

5.     Focus on things that are important and that you do well. If you have a skill that’s in demand and generates high earnings, don’t waste your valuable time doing low-value activities. Hire other people to do that stuff, and concentrate all your energy on the specialized field that can help you become wealthy!