Better Money Habits to Become Financially Free

Budgeting is not one of the habits

I grew up in The Netherlands as a first-generation immigrant. Where I lived, people were mostly unemployed and in rough financial situations.

Growing up, I saw a lot of people with financial problems. That motivated me to avoid that fate. As I grew up and started learning more about money, I learned that most of the people who live in developed countries have opportunities to earn.

The problem is that they often have bad money habits. You can have a decent-paying job and still struggle.

Look, not everyone gets rich. That’s because you also need luck.

But since that’s outside our control, we can’t do anything about that. However, we can change our habits and work ethic.

When we rely on a system of habits that are designed to make us wealthier, we can be consistent and achieve financial freedom over time. Here are four of those habits.

1. Adopt an abundance mindset

Did you grow up in a family that lived from paycheck to paycheck so you’re always afraid you’ll run out of money? Or maybe you’re an investor who constantly checks the markets, afraid of missing out on the next hot stock?