Wealth Building Habits Gold Upgrade MRR Ebook

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Introduction

Virtually everyone wants to boost their wealth. This includes both making more money and better managing the money they make. However, learning how to increase one’s wealth is not that easy to do, even though the steps to doing itaren’t that hard. In essence, it takes a good deal of discipline to repeat the steps necessary to build wealth. In other words, you need to learn good wealth-building actions and repeating those actions over and over again so that they become almost automatic. Hence, you need to learn good wealth-building habits so that you can increase your wealth and live a higher quality of life.

This book will show you exactly what habits are and how they work. Then, it will dive into what are good habits, bad habits, and the habits in between. It will then dive more into the topic of bad habits and how they can be phased out of your life. It will then show you how to form good habits and ensure you stick to them. You’ll then see why a support system is important to ensure that you stick to those good habits as time continues. You’ll learn how to start small in your quest to rid bad habits and obtain good habits, creating one new wealth habit at a time. Finally, you’ll learn how to rinse and repeat the process of building new wealth habits and maintaining all of the ones you have adopted.

When you have finished reading this book, you should know exactly what a habit is, what good and bad habits are, how to phase out the bad ones and include the good ones in your life, how to have helpful support ensure you are keeping up with the good habits, and how to repeat the process.

Chapter 1: Exploring Habits And How They Work

According to Dictionary.com, a habit is an “acquired behavior pattern regularly followed untilit has become almost involuntary.” This means that a habit is a behavior that is repeatedly done until you almost don’t know that you are even doing it.

This shows that habits are not behaviors or actions that are acquired overnight; they take time toform as part of our collective actions. This means that both good and bad habits will not form overnight, and that bad habits will not be broken overnight either; it takes time and an unconscious effort to form a habit.

Therefore, whereas at one time admirers of Dr. Maxwell Maltz’s Psycho-Cyberneticsthought it would only take 21 days to acquire a new habit, a 2010 University College London study showed that it took an average of 66 days (i.e. over 2 months) to make a new habit virtually automatically.In that same study, one participant acquired the new dietary habit in 18 days (i.e. 1.5 weeks), but one participant didn’t even acquire the new dietary habit in the 84-day (12-week) study period; it was projected he would only acquire it as a habit after254 days (i.e. over 8.5 months)!

Therefore, you must know that a habit is something that only comes via time and repeated action. This includes wealth-building habits; you will not improve your wealth overnight, as you will not gain these new wealth-building habits overnight. Take the time, effort, and focus necessary to learn those habits, and they will serve you well and help to improve your wealth over time.

In order to form a habit, you must do the action repeatedly to the point where you almost don’t know that you are doing it. In fact, it’s easier for other people to spot that you are doing it and recognize it as a habit rather than you yourself.

This is often why bad habits are so difficult to break; we don’t even recognize ourselves as doing it until usually someone else points it out.

Via New York Times business writer Charles Duhigg’s book, The Power of Habit,habits form via what experts call a “habit loop,” involving a three-part process. The first part is the cue or trigger, which alerts your brain to go into automatic fold and allow a behavior or routine to occur. The behavior or routine that occurs is the second step in the habit loop process. The third part is the reward, which is what your brain likes and enables it to remember the “habit loop” in the future.

The brain likes to develop these habits because it can conserve its mental energy toward another task while it engages in the habit. This is a key reason why people form habits and why we are very unaware of the fact we havespecific habits.

Therefore, you have learned that a habit constitutes a repeated behavior to the extent that we are almost unaware that we are doing it. You have learned of the three-step “habit loop” process that forms habits. You have also learned that habits, both good and bad, take considerable time to form in order for the habitual behavior to be virtually automatic. In the next chapter, you will learn the difference between good and bad habits, as well as in between the good and bad.

Chapter 2: Good Habits Versus Bad Habits And In Between

You learned in the last chapter that a habit is an “acquired behavior pattern” that is repeatedly followed until the action almost becomes involuntary to where you are almost unaware of the repeated action. Youalso learned the three-step “habit loop” process that leads to us acquiring habits, and that it takes a considerable amount of time to form a new habit. Note that this holds true for both good and bad habits.

In truth, the only real difference between good and bad habits is that the acquired behavior pattern is a good action or a bad action as defined by the majority of society. For instance, if you form the habit of shutting off the water while you are brushing your teeth, that would be considered a “good habit” because most consider that to be a good action that preserves the environment and saves on your utility bill. Conversely, if you form the habit of leaving the water on while you are brushing your teeth, this would be considered a “bad habit” because most consider that to be a bad action because it hurts the environment and causes you to pay more on your utility bill. However, both instances are habits-the process of forming them is virtually the same in both cases.

Therefore, you need to determine what good habits you want to adopt, then repeat the good action that constitutes that habit repeatedly until you do it automatically without realizing it. Similarly, you need to recognize the bad habits you want to abolish, then avoid repeating the bad action that constitutes that habit continuously until you automatically do an alternative action instead that is considered better than that bad action. This involves doing alternative actions that “break” the bad action you repeatedly do-this is howyou will break the bad habit.

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