DAILY HABITS OF WEALTHY PEOPLE

Water Cooler Careers
#1

DAILY HABITS OF WEALTHY PEOPLE:

  1. They get up early. 44% of wealthy people wake up 3 hours or more before work starts vs. only 3% of poor people.

  2. They set goals. 80% of wealthy people are focused on accomplishing some single goal. Only 12% of the poor do this. In addition, 67% of wealthy people write down their goals.

  3. They have daily to-do lists. 81% of wealth people maintain “to-do” lists vs 19% of the poor.

  4. They read. 88% of the wealthy read for 30 minutes or more each day for education or career reasons. Only 2% of the poor do so. In addition, 63% of rich people listen to audio books during their commute.

  5. They network. 79% of wealthy people network five hours a month or more.

  6. They exercise. 76% of wealth people exercise aerobically several days a week.

  7. They avoid junk food. 70% of rich people eat less than 300 calories of junk food per day, while 97% of poor people eat more than 300 junk food calories per day.

  8. They don’t gamble. Only 6% of the wealthy play the lottery vs. 77% of low income people.

  9. They limit their TV time. 67% of wealthy people watch one hour or less of television per day vs. 23% of the poor. Only 6% of wealthy people watch reality TV vs. 78% of the poor.

  10. They are constantly improving their skills. 86% of high income people believe in lifelong educational self-improvement.

  11. They believe hard work and good habits lead to success. 84% of rich people believe that good habits create opportunity and luck. Only 8% of the wealthy believe that wealth comes from random good luck vs. 79% of low-income people.

Source: Thomas Corley. “Rich Habits: The daily success habits of wealthy individuals”. Corley looked at hundreds of wealthy and poor people in the U.S. and examined their daily habits. Wealthy people were defined as people with incomes over $160,000 and assets of more than $3.2 million. Poor people were defined as incomes under $30,000 and assets of less than $5,000.

#2

I do most of those things. How come I’m not wealthy yet? Gotta keep at it.

#3

Same here.

#4

several of these are the result of being wealthy, not from doing these things and then gaining wealth.

#5

Correlation is not causation.

Also, sounds like poor people are having a great time, waking up whenever, eating junk food, watching TV, lazing around, and in general accomplishing to get a lot of leisure time that the wealthy are (apprently) so hard at work to attain. Sign me up!

#6

An American investment banker was taking a much-needed vacation in a small coastal Mexican village when a small boat with just one fisherman docked. The boat had several large, fresh fish in it.

The investment banker was impressed by the quality of the fish and asked the Mexican how long it took to catch them. The Mexican replied, “Only a little while.” The banker then asked why he didn’t stay out longer and catch more fish?

The Mexican fisherman replied he had enough to support his family’s immediate needs.

The American then asked “But what do you do with the rest of your time?”

The Mexican fisherman replied, “I sleep late, fish a little, play with my children, take siesta with my wife, stroll into the village each evening where I sip wine and play guitar with my amigos: I have a full and busy life, senor.”

The investment banker scoffed, “I am an Ivy League MBA, and I could help you. You could spend more time fishing and with the proceeds buy a bigger boat, and with the proceeds from the bigger boat you could buy several boats until eventually you would have a whole fleet of fishing boats. Instead of selling your catch to the middleman you could sell directly to the processor, eventually opening your own cannery. You could control the product, processing and distribution.”

Then he added, “Of course, you would need to leave this small coastal fishing village and move to Mexico City where you would run your growing enterprise.”

The Mexican fisherman asked, “But senor, how long will this all take?”

To which the American replied, “15-20 years.”

“But what then?” asked the Mexican.

The American laughed and said, “That’s the best part. When the time is right you would announce an IPO and sell your company stock to the public and become very rich. You could make millions.”

“Millions, senor? Then what?”

To which the investment banker replied, “Then you would retire. You could move to a small coastal fishing village where you would sleep late, fish a little, play with your kids, take siesta with your wife, stroll to the village in the evenings where you could sip wine and play your guitar with your amigos.”

#7

^ Classic tale.

#8

Yep all of the things that are wealthy sounds like my boss and me, which is why I think she hired me. I have the habits, just not the assets or income, but now its a goal. thx cvm

#9

°°°moral of the Story: DO NOT become an investment banker

#10

Or an Ivy league MBA

#11

What are people doing when they wake up that early? Early morning exercise?

#12

Taking care of the kids who woke them up.

#13

.

#14

Wealthy people usually have less kids.

#15

Definitely have read this at a Jimmy John’s on more than one occasion.

#16

Great post. Thanks.