Financial planning: 11 habits to start in your 20s

-Source-USAToday- If you want to build wealth a good place to start is with your habits. The sooner you establish smart ones the better your chances of reaching seven figures. Here are 10 habits that have worked for ordinary people as they worked to achieve goals like financial freedom or early retirement. Automate Self-made millionaire Chris Reining crossed the $1 million threshold at age 35 and retired at 37. He succeeded largely thanks to one simple habit: He automated his finances. Putting your financial plan on autopilot will not only help you build wealth itll save you time and mental energy he says: I automated my money years ago and the benefit is I dont have to make decisions about where my money should go how much I should invest what I can spend do I have enough savings and so on he says. Focus on earning You wont get rich without multiple flows of income says self-made millionaire Grant Cardone who was deep in debt before reaching seven figures. That starts with the income you currently have. Increase that income and start adding multiple flows. Developing multiple streams of income could mean starting a side hustle generating passive income or picking up a high-paying side job. Hang out with high-achievers The community you immerse yourself in matters. In fact it could affect your net worth says Steve Siebold self-made millionaire and author of How Rich People Think: In most cases your net worth mirrors the level of your closest friends. … We become like the people we associate with and thats why winners are attracted to winners.