5 Personal Finance Habits That Will Make You Rich

Feb 04, 2025

Hey there!

Welcome to another exciting edition, where we bring you the best stories from India and beyond.

Today’s big focus? Personal Finance Habits That Will Make You Rich.

These simple yet powerful habits can help you grow your wealth over time - no extreme frugality is required!

But that's not all - we've also got some top headlines, startup news, and even a bit of Bollywood gossip to keep you in the loop.

Sensex surges by 700 points
Nestlé is set to invest Rs 1,100 crore into a new KitKat production line in Gujarat
Shein makes a comeback in India, five years after ban
UPI transactions approach 17 billion in January
Ola is back in the lead, capturing a 25% share of the electric two-wheeler market

While many focus on extreme frugality or high-risk investments, truly successful individuals develop counterintuitive financial disciplines.

Here are five unexpected personal finance habits you might not be doing but should start today:

✅ Automate your savings & invest in ‘invisible’ accounts

Beyond automating savings, set up an account you never check - preferably in an investment vehicle that penalizes frequent withdrawals.

When you make money harder to access, you unconsciously train yourself to live below your means while your investments grow undisturbed.

✅ Perform a ‘no-spend challenge’ every quarter

Pick one month every quarter where you cut out all non-essential spending - no takeouts, no subscriptions, no impulse buys.

This resets your financial discipline, makes you conscious of unnecessary expenses, and channels more money toward investments or debt reduction.

✅ Earn interest on your emergency fund

Keeping emergency cash in a low-yield savings account is outdated.

Instead, park your emergency fund in a high-interest savings account, money market fund, or a short-term bond ladder.

✅ Outsource strategically

Rich people understand that time is the most valuable currency.

Instead of spending hours on tasks that don’t generate income (like deep-cleaning your house or handling complex taxes alone), outsource them.

Use the saved time to upskill, network, or build another income stream.

✅ Negotiate everything - Even fixed costs

Most people accept bills as they are.

Wealthy individuals negotiate rent, insurance, phone plans, and even subscriptions. Call your service providers and ask for better rates.

Many companies have retention offers available - you just have to ask.

‘Sky Force’ saw a box office drop, earning just Rs 1.35 crore on Monday
Deva's box office collection on Day 4 sees a dip on its first Monday, earning ₹21 crore
Kangana Ranaut's ‘Emergency’ sees an 84% drop in earnings during its third week

So, that’s it for today. If you enjoyed this edition, subscribe to hear from us every day!

See ya 👋

Bharat.Inc