RICHuals I use to build wealth and get rich

These are the 6 RICHuals I have used (and continue to use) in my life.

They are the exact practices that out of $20k debt to build a half a mil in net worth, and what will get me to my first million in the next few years.
So if you're feeling  on how to get ahead? 

Use these 6 RICHuals to stop just surviving and start thriving to finally put yourself on the path to become rich!

More about how to implement these in your life https://go.mswealthy.com

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I spent the last 10 years learning from the most brilliant minds in money, wealth, and investing to take myself from $20,000 in debt to a multi six figure investment portfolio. He don't know where to start. I get it being that too, but you just being here means you're part of a group of driven women, changing the game and taking control. So join in and follow along as they share the secrets towards more money, more investing and more freedom. My name is Simone Mercer Huggins, and welcome to ms. Wealthy's kiss my money podcast.

Hey, I am super excited to talk to you about this today. I'm going to be covering off this six rituals that essentially make you rich. So when I say rituals, that's like Ric hate fuels, right? And they're the things that honestly got me from where I was to where I am today. And it's going to get me to my first million, which is going to happen. I've kind of looked at the numbers in the next three to four years. So if you know my story at all, you know, that I've seen in $20,000 of debt. And if you're experiencing that right now, or if you among the 80% of people that live paycheck to paycheck, you probably feeling maybe a little bit stuck and confused and less you're in survival mode, right? And so these are the things that really have made me thrive are the things I still use today and use to get me out of debt, stress, like stop stressing in that money to get me to over a half a mil in net worth in assets.

And like I said, going to get me to my first million in a few years. So I'm going to dive straight into the first of the six is to split your money. And this is such a major one because when I first basically got my first credit card and banks hand them out like candy, right? The banks gave me so much credit, obviously, uh, up to 20 K when I was a uni student, like I was still in, uh, getting my degree. I had a part time job and they gave me access to $20,000 on a credit card. Like we're not taught it in school. I wasn't taught it in school. I still got my degree and I still wasn't taught how to manage my money. So I had all of my money in one account and everything came into it and everything went out of it.

So every time I went to buy something or pay for something or future, think about the things I kind of needed to cover off. I was consistently in my head of like, what was in there and then how much is going to come out and like, what do we need to allocate for each time? So the magic is in splitting your money, meaning literally having different accounts, it's splitting up different accounts and giving purpose to each area of your life. You might have heard of the like 50, 30, 20 rule. And that is in a, like, you know, 30,000 foot view of what I'm talking about. Now. Obviously it's just a concept and putting into practices and whole nother thing. But this is one of the rituals that got me out of debt and where I am today, today. And it means that I never stressed about money.

Everything is allocated and has a certain amount. And it's each portion like each account, say for example, my holiday account has cash in it and we're working towards something to go away. Once we strip that down and we've gone on a vacation or a trip, then there's no like this idea that I can go on another one, like straight away, because I know in that account that I've allocated money to, uh, there isn't the cash, right? So it's about splitting every single payment that comes into a life bonuses, checks, income, like everything. And it's so super important to have this. If you're in a relationship as a couple, having our own accounts that are split from all of the other main accounts is so crucial because one of the biggest reasons that relationships break down is because of money. If it's not the top one, depending on who you ask and what survey you read and what study it's in the top three and the stress around money, doesn't have to be that way.

The fighting around it, the conflicts around it. Even if you have different money personalities, that's totally fine. This is why splitting the money into different accounts. Really basically solves all of that. Alright. The second one is to pay yourself first, you might heard of this before the PYL right, and it's known pay yourself first, like pay you and what you want fast. It's actually pay your future self first. So pay your future. Really. Now this is basically about investing and it's about taking care of your future. And this is to me is a total non negotiable. So when I'm talking about the splitting your money thing and giving you money purpose into like split accounts, pay YF, pay your future self is honestly the nonnegotiable. It is an absolute must. And for me, and this is what I teach with all of my students. It needs to be 20%.

And if you are at this pro going freaking out, hold on a minute. How could I even get to that point? I am either in debt or B I'm living paycheck to paycheck or C uh, like I'm spending everything or, and more. And how can I possibly take out like a 20% chunk of that to save. Now, the key is to start really small, like even 1%, even half a percent. And then with every paycheck, increasing it by a little bit each time. So like half a cent to 1%, 1% to 2%, two to three. And before, you know, it you're at that 20% and this, it has to be a percentage and this is why every time your pay increases, you need to grow with that. Every time you get unexpected money, come into your account, whether it's, you know, a side hustle or just like help from family or inheritance or whatever it has to be percentage, because then you're not constantly trying to like calculate how much to put aside from each dollar that comes into your account.

Now, P Y F is something that will help you build wealth long term. This is honestly what will get you to your first million. And it's so, so crucial. And yet the majority of people don't do it. All right. Number three is automated. Like everything. What am I everything. If I could automate everything in my life, I would like, it basically cuts up the decision fatigue and means you never have to constantly analyze or get stuck in that like rationale stage of thinking that maybe this time you won't save or pay off that debt. Well, maybe this time you can just go on that shopping spree or whatever it is, automating everything. So every time you get paid, you set up automatic bank transfers into your eat account, which is the step one ritual, um, to make sure that you just never have to think about it.

You never have to do it manually a so you don't forget B. So you've kind of, don't make up excuses and sees that you make up your life easier because once you put it in place, like it's done, everything's taken care of for is invest now as you know, on the investing girl. So this is obviously a no brainer because having your money in a savings account is never going to get you to real wealth. It just works. So investing to get the seven, eight, nine, 10, even more percent returns year on year is what you need to aim for. Because if you're lucky, you might be getting to even two and a half percent in a savings account, but there's this idea that there were so many myths around investing that is risky. That it's hard, that it's complicated. It's only for the experts that you'll lose everything.

And I'm going to do a whole other like video on that to like talk about all those myths, but investing is what is going to get you there. Okay. Number five is to celebrate the small wins. And I think I probably talking to you about this as much as I'm talking to myself, because I do kind of struggle with this one, but every time I do it makes a massive difference because the way our brain is wired is to recognize reward because it's the only way as human beings, we're wired to keep going to like, to literally keep putting one foot in front of the other, towards what we want when we don't recognize the tiny, tiny, tiny things, then it means that there's no incentive black, literally how or why there's no incentive to keep going. So I'll subconsciously brain will essentially self sabotage us and put us in a place where we kind of can't keep going, or we'll have reasons about why it's just too hot or it's too tough.

And then we make up stories about our reality of dust. You know, that you can't do it. So celebrating the tiny, tiny things. And like I said, I'm talking to myself as much as I'm telling you. And it can be like, like just small things like buying a nicer bottle of wine that is more special to you trading yourself to whatever it is. I'm not talking about going and blowing all your money. Every time you get out of bed, I'm talking about the small achievements towards what you want, because when we make the massive, like, annoyed that we will have massive goals, I certainly do. And if you're like a typo personality like me, if you're working towards something great, and you have massive dreams, then of course, how a wide is to focus on we haven't got there yet. And so I can't celebrate, but every decision we make in our life compounds to become where we get to.

So we have to recognize that because that compounding and that, that time, those tiny steps, Oh, actually what adds up to where we go, all right, number six. And the final one is all about money mindset. And it makes honestly, sometimes it makes me laugh is fun because when I first started the company and, you know, started talking about it more in terms of hiring people for the business and, uh, like helping other people see the path to what is blocking them. I got some resistance from people that were kind of like, you know what? I don't believe in that stuff. I didn't believe in the money mindset stuff. And I was so blown away and shocked that some people think this idea that the money mindset thing doesn't exist, we all have beliefs around everything in our life. And that impacts everything that we do the results in your life, the result in your bank account, or a direct reflection of what is going on in your mind.

If you have blocks stories, beliefs, myths, lies that you believe it is blocking you from creating what you want. And it comes down from everything that you say think feel because that dictates what you do. And that dictates what you create, what you make, what you get. So our money mindset is so crucial. Even as an investor, I talk very like a lot, talk to my students about my mindset and about how it massively impacts how successful you can be as an investor and how successful and how fast you can build, build wealth. Because even as an investor, I can dictate whether you self sabotage and, you know, by when the market's down and, and buy into the news and the crazy stories and the hype around even tiny market movements. So money mindset, even down to like, I can't afford that, um, money doesn't grow on trees.

Rich people are greedy. It's too hard to make money. Uh, you know, if you're rich, you should give it all away. Uh, I come from a couple background, so I could demo, possibly get this other people as smart of the may and can work it out. Like honestly, our money mindset is so super powerful because the capability of what our brain can do is insane. And when I started changing, like what I thought about what I believed, because I didn't start off with the money mindset I have now, like, trust me, I had a really crappy disempowering mindset around money and wealth and wealth creation and everything to do with being rich, that it stopped me and I was blocked and it cost me so much, not just kind of in my mental, you know, stress and anxiety around my relationship with money, but it like literally cost me money and getting ahead, getting further ahead to where I am now.

So when I started shifting that, I took quantum leaps with my bank account, with my net worth and with, you know, who I surrounded myself with and what I could see I could actually create. All right. So they're the six I know I've just spoken really fast, but I wanted to kind of recap those six rituals really fast, the first ones, put your assets and give your money purpose. Because when we have clarity around our money, it's so super powerful. There's no confusion, no stress or anxiety around it. Pay your future self first, automate everything and take out the decision fatigue, invest. And babe contact me because, you know, I'm the guru in this number five, celebrate tiny wins and number six, your money mindset. All right, until next time. Bye. See thing.