One thing rich people have is an emergency fund. An emergency fund is enough savings that can cover you in an emergency.
One thing rich people do that helps keep them rich is that they pay themselves first. They have money automatically withdrawn from their savings into their investments.
Well, this is how the concept of the Jones’ work. We want to keep up with our friends in buying that new gadget, that new car, new clothes, and buy lavish drinks and good food.
Rich people do not spend money on those things. Those things come and go. Rich people buy assets instead of liabilities.
Rich people work hard and early on investing money in order to let compound interest have the time needed to create even more wealth.