Success doesn’t come easy, and the path to riches is filled with tough decisions. Many of us must have wondered how to make it big. Is there a secret mantra followed by those who are wise about money -, or is it a step-by-step process? Whatever the case, one should understand that the idea behind making more and more money stems from our fear and uncertainty about our future. 
 

One way to remove this fear is to make deliberate financial decisions. This is where a guaranteed¹ return - plan comes into the picture. Through a guaranteed¹ - plan, one can benefit from life insurance coverage and save up simultaneously to meet major milestones in life.
 

Now that we have aroused your curiosity let us discuss ten habits the wealthiest people follow.
 

• Decide and Focus on a Goal
  
  Becoming a millionaire doesn’t happen overnight. It requires making intelligent decisions and sticking to them. Wealthy persons happen to cultivate this trait by deciding and focusing on one goal at a time. Once they set their mind to it, their every action is directed towards achieving it without any excuses and definitely without procrastination.
   

• Make a to-do list
  
  The broad objective of attaining wealth requires accomplishing several small goals every day. Maintaining a daily to-do list is one way of planning your path towards success. It makes you aware of the tasks that need to get done and helps you prioritise them. It also strengthens your resolve to finish a task without pushing it to the next day.
   

• Wake up early
  
  Waking up early is extremely beneficial to prepare your mind for the day’s challenges. Many wealthy people are known to start their day early as they utilise the time to think and reflect instead of immediately rushing to work. Instead of sleeping in, they make the most of the day by planning it with a clear mind and making the most of their work time.
   

• Exercise regularly without fail
  
  Wealthy people might be busy, but they always set aside time for exercise. The benefits of regular exercise extend beyond staying fit. Exercise increases blood circulation and helps one to focus better, thus increasing productivity.
   

  

  
  

• Eat your greens
  
  Wealthy people strictly structure their eating habits. Most of them prefer eating fresh home-cooked meals as opposed to ordering take-outs every other day. Eating healthy keeps diseases and infections at bay by supplying important nutrients to the body. So, before you decide on your financial investments, never forget to invest in yourself.
   

• Spend less time on gadgets and social media.
  
  While modern-day gadgets and social media are truly a blessing to humanity, they should not be overused. Watching television and spending hours surfing the web and social media kills one’s creative mind and makes it sluggish. Wealthy people avoid this by choosing to spend their time productively and limiting their gadget usage.
   

• Don’t overspend
  
  One of the most admirable traits of rich people is that they formulate reasonable budgets and avoid overspending. Budgeting makes it easier to plan one’s finances by allocating money for all necessary expenditures like household expenses, education, taxes*, guaranteed¹ return - plans, repayment of debts, contingency funds, self-care, etc. The financial habits of the wealthy distinguish them from the rest, as they always remain prepared for any casualties.
   

• Take calculated risks
  
  Wealthy people understand that with greater rewards come greater risks. They know how much they will lose if a risk fails to deliver. Therefore, they take calculated risks after assessing the costs instead of behaving recklessly. They are more likely to have contingency plans than the poor to minimise potential damages. 
  
  For starters, guaranteed¹ return plans in India do a commendable job by providing guaranteed¹ insurance with a lot of flexibility to plan for future goals and come with attractive tax* benefits. A guarantee¹ return policy ensures that an individual gets the maximum protection for his or her family with the option of adding riders^@ and doubling death benefits under certain conditions. 
   

• Network cleverly
  
  Meeting new people and actively engaging in conversation with them makes you open to new ideas and builds new ways of thinking. Wealthy people understand the value of networking and surround themselves with successful people. Attending an online webinar, going to a conference, visiting a client or simply hanging out with creative people aligns one’s mind with successful individuals. A robust network is thus critical to the success of any prosperous professional. 
   

• Invest carefully
  
  Certain habits of the wealthy vs poor act as a decisive factor towards determining their success. Investing in the right assets at a young age gives one more edge over others who are not wise investors. Wealthy people don’t earn and spend recklessly. They try to increase their investment in desirable assets and benefit from the power of compounding. Guaranteed¹ return plans in India are the safest and easiest ways to invest and earn lifetime cover or protection depending on individual requirements. The premiums of guaranteed¹ insurance can be paid monthly, quarterly, semi-annually or annually based on the policyholder’s convenience and the terms and conditions of the guarantee¹ return policy.
   

   

Guaranteed¹ Returns Plan from Tata AIA
 

Tata AIA Life Guaranteed¹ Return Insurance Plan - Individual, Non-Linked, Non-Participating, Life Insurance Savings Plan (UIN: 110N152V011) is an individual plan that offers protection for your loved ones with the life cover component and financial security for you with assured returns. The plan also provides coverage of your spouse. The returns are also guaranteed¹ and can be received either in a lump sum or received every month.
 

Having a life insurance plan that can offer guaranteed¹ benefits is especially important as your family needs financial stability in the event of your untimely demise. You can do this by saving adequate funds under your guaranteed1 returns plan and also procuring adequate coverage for all your needs.
 

Your Tata AIA policy can be as flexible as you want it to be - your policy period is meant for saving your money regularly and determining the number of years you need a life cover for your family. This way, the dual benefit of savings and life insurance can secure you and your family - 
 

• In case of your untimely death during the policy period, your family receives the death benefit for sustaining their livelihood and fulfiling their financial commitments.
   

• If you survive the policy term, you can claim the maturity benefit, your saving fund over the years, and meet your planned goals with adequate financial resources.
   

Additionally, with TATA AIA online premium payment option, you can make quick payments for policy purchases and renewal. Your online policy can save a lot of time and hassle when it comes to these processes, which would otherwise take a lot of time and effort.
 

Bottomline
 

The habits mentioned in the above article cannot be cultivated overnight and require patience and determination. Try incorporating this one by one into your daily life if you would like to increase your wealth and investments - - both financially and as a human being.
 

L&C/Advt/2023/Mar/1030