Personal Loans 101: Common Traits of a Successful Person

July 18, 2019

We bet you’ve wondered what it must be like to be rich. What do you think of when you hear that word, anyway? Chances are, at the back of your mind, the word “rich” conjures images of an affluent person in branded clothes, driving a sports car, and heading home to a luxury house.  

But did you ever consider the fact that you might be wrong? Such things only pertain to the material attributes of a rich guy. There’s more to being wealthy than material possessions. They say that to be truly wealthy, you should focus on intrinsic qualities to maintain your financial freedom and stability.

So the question is, what makes someone rich? What sets rich people apart from the rest of us? Here are four common essential traits of a financially sound person:


If there’s one thing they possess, it’s courage. They have enough courage to navigate life and aren’t afraid of what lies ahead. Instead of being afraid of the future, they do what they can to prepare for it by keeping themselves afloat financially and making sound decisions. They work hard, earn more, and spend less. 

On the other hand, the rest of us are worried about the future. We’re so preoccupied with all the latest gadgets and trends. We get so caught up in what society and the market dictate, so we end up buying and doing things that aren’t really necessary.

Emotional Stability

Most people who are financially sound are also emotionally stable. They aren’t easily swayed by certain circumstances, whether the market is going down or there’s an unexpected economic crunch. They have a positive outlook on life. Therefore, they’re able to focus on the future by finding alternative ways to maintain their financial stability no matter what.

On the other hand, the rest of us are emotionally unstable. We’re consumed by our negative emotions, which can lead us to impulsive spending under the guise of “living for today.”


One good thing about those who are financially sound is that they possess the virtue of tenacity. They are very driven, determined, and committed to their goals and dreams, financial or not. As such, they work very hard to achieve them, no matter what obstacles are in their way. They’re not the type who sit back and wait for things to happen. They make things happen instead. 

On the other hand, some of us merely rely on fate and wait for things to happen. Sometimes, we try to do something, but when things don’t go our way, we easily get discouraged.


Finally, confidence is key. Financially sound people are confident when it comes to dealing with people, making decisions, or investing their money. They trust and believe in themselves. They know their ability to make wise choices and come up with sound decisions. That’s why they aren’t afraid to gamble and try again, should they fail. 

On the other hand, most of us are timid. We don’t want to take risks. We always stay in our comfort zones. Some of us may not even know what to do. That’s why we remain stagnant and don’t progress in life. 

If you’re looking to take out a personal loan in South Africa, Hoopla Loans is your best option. Get in touch with us today to see how we can help.