5 things rich women do that every woman should follow

If you have noticed, women who have their financial ducks in a row are committed to their financial goals. They pay their bills on time, pay off their debt and have a way of not overspending on unnecessary things. Basically they keep a budget or to do list.

If you would like to win like they do you have to commit to improving your financial so that you can take better care of yourself. Commitment to your financial goals takes an effort. It is a habit you can adopt, practice and master.

That’s what I did. I started learning about personal finance by listening to financial news and reading books and learning from others who have succeeded in this journey. I was tired of operating from a place of survival. I wanted to flourish and win in my finances. Years of commitment are finally paying off. There are many things that I am confident about when it comes to money. This wouldn’t have happened if I didn't intentionally commit to learning.

If your ultimate goal is to prosper,  here are 5 things rich women do that every woman should follow.. Their habits serves as a guide to copy them in the best possible way that can lead you to your own future wealth.

They set goals for themselves
Folorunso Alakija is a business tycoon involved in the fashion, oil and printing industries. According to Forbes rich lists she is worth $1.73 billion, making her the second richest woman in Africa. Before she became rich she had many doors closed on her face, but she didn't give up. Whenever she shares her story, she tells people she "went back to do a lot more homework. At the end of the research, I decided to not give up.”  Alakija says,"it’s essential to draw up a “thing to do” lists on a daily basis and set priorities in executing them, making sure that any unfinished task get posted to the next day’s list.”
Dreams and goals are not the same thing. A dream is something intangible that you hope for while a goal is something solid that you plan for and strive to achieve. Regardless of how or where you choose to invest your money, the most crucial aspects of investing are to first define your dreams for the future. Then set investment goals that can help make those dreams come true. Start by making a list of your short and long-term goals. Be as specific as possible. Then invest consistently over the long term in those goals. 

They are generous 
Melinda Gates is a former Microsoft exec and the co-chair of the Bill and Melinda Gates Foundation. In her philanthropic work, Melinda has worked with her husband Bill to establish one of the largest philanthropic organisations in the world. The Bill and Melinda Gates Foundation donate hundreds of millions to causes like global health and education. The Bill and Melinda Gates Foundation donate hundreds of millions to causes like global health and education. In fact, the less good you do, the less likely your success will last. Melinda also believes that "f you are successful, it is because somewhere, sometime, someone gave you a life or an idea that started you in the right direction. Remember also you are indebted to life until you help some less fortunate person, just as you were helped."

They take risks
A lot of rich people are risk takers. They became successful in life because they were willing to roll with the punches of life and learn their lessons quickly along the way. BeyoncĂ© dropped her surprise, self-titled album in 2013 without any prior promotion and we all quickly had a favourite song from that album, “Drunk in Love.”Harvard Business School even did a case study on the subject! The album went big. BeyoncĂ© admitted that she was terrified but she still went ahead and did it.
Risk is the chance that you could lose some or all of your investments. Making the decision to invest also means you choose sensibly and you need to establish how much risk you’re comfortable with. As a rule of thumb, the more time you have to achieve your financial goals, the more risk you can tolerate. As Suze Orman says, "stop waiting for the perfect opportunity. Even if you consistently have horrible timing, history suggests that you'll come out ahead in the long run."

They diversify
An effective way to help manage risk is diversification or spreading your investments around instead of investing in only one thing. You’ve probably heard the saying, “Don’t put all your eggs in one basket.” Sheila Johnson, a businesswoman, is the co-founder of BET, CEO of Salamander Hotels and Resorts and the first African-American woman to attain a net worth of at least one billion dollars. In addition, Johnson is a partner in ProJet Aviation, a company specializing in aviation consulting, aircraft acquisitions, management, and charter services based in Winchester, VA. And she is a partner in Mistral, a maker of a fine bath, body and home products. She is also the owner of three professional sports teams. She said, "you have to diversify to grow. Once you've explored all of your options, you have to know when to let go. And she is a partner in Mistral, a maker of a fine bath, body and home products. One of the prime reasons for diversifying your portfolio is that you can minimize the risks by spreading them out. So that one bad day on the market doesn’t affect your entire financial future. If you are struggling, ask your financial advisor to assist you create a roadmap for you. 

They know when to ask for help
"You cannot do this alone. You're not supposed to do it alone. You have to get into the habit forever and ever of asking for help.Asking for help is always a sign of strength" - Michelle Obama, former first lady of America. 
According to a report by Fidelity, women are more likely to seek information and advice from a qualified and knowledgeable financial advisers (53% of women against 44% of men). Of course, being smart and humble enough to ask for help is one of the best ways to get out of difficult financial situations. If you are struggling to ask for help, start thinking of yourself as a financial asset and invest in yourself. See a financial professional as an educator to assist you chooses investments that are suited to your specific needs.

By taking an active role in managing your finances — and looking at ways to maximize your income — you’ll ensure a brighter financial future for you and your family. And when things don’t work out? Don’t blame or  criticise others, and don’t justify yourself. Just learn from it, keep on pushin’ ahead, and do better next time.