Rich Habits Poor Habits Episode 56 – 15 Habits of Self-Made Millionaires

Success doesn’t crop up overnight.

All self-made millionaires had to start somewhere.

Here are some “rich habits” of self-made millionaires that you can start developing today:

#1 They read consistently

The rich would rather be educated than entertained.

As Corley writes, “Eighty-eight percent of the rich devote thirty minutes or more each day to self-education or self-improvement reading … Most did not read for entertainment … The rich read to acquire or maintain knowledge.”

Corley found that they tend to read three types of books: biographies of successful people, self-help or personal development, and history.

#2 They exercise

“Seventy-six percent of the rich aerobically exercise 30 minutes or more every day,” Corley reports. Aerobic exercise includes anything cardio, such as running, jogging, walking, or biking.

“Cardio is not only good for the body, but it’s good for the brain,” he writes.

“It grows the neurons (brain cells) in the brain … Exercise also increases the production of glucose. Glucose is brain fuel. The more fuel you feed your brain, the more it grows and the smarter you become.”

#3 They hang out with other successful people

“You are only as successful as those you frequently associate with,” Corley writes.

“The rich are always on the lookout for individuals who are goal-oriented, optimistic, enthusiastic, and who have an overall positive mental outlook.”

To cultivate these relationships, he writes, wealthy people do six things: wish people a happy birthday, call to say hello, call when a life event happens, network, volunteer, and participate in “formal or informal mastermind groups,” like a business group or weekly calls with people who share their same interests.

It’s equally important to avoid negative people and influences, Corley emphasizes: “Negative, destructive criticism will derail you from pursing success.”

#4 They pursue their own goals

Wealthy people are “obsessed” with pursuing goals, Corley found.

“Pursuing your own dreams and goals creates the greatest long-term happiness and results in the greatest accumulation of wealth,” he writes.

While too many people make the mistake of chasing someone else’s dream — such as their parents’ — rich people define their own goals and pursue them relentlessly and passionately.

“Passion makes work fun,” writes Corley.

“Passion gives you the energy, persistence, and focus needed to overcome failures, mistakes, and rejection.”

#5 They get up early

Nearly 50% of the self-made millionaires in Corley’s study woke up at least three hours before their workday actually began.

It’s a strategy to deal with inevitable daily disruptions, such as a meeting that went too long, egregious traffic, or having to pick up your sick kid from school.

“These disruptions have a psychological effect on us.

They can drip into our subconscious and eventually form the belief that we have no control over our life,” Corley writes.

“Getting up at five in the morning to tackle the top three things you want to accomplish in your day allows you to regain control of your life.

It gives you a sense of confidence that you, indeed, direct your life.”

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Thomas C. Corley About Thomas C. Corley

Tom Corley is a bestselling author, speaker, and media contributor for Business Insider, CNBC and a few other national media outlets.

His Rich Habits research has been read, viewed or heard by over 50 million people in 25 countries around the world.

Besides being an author, Tom is also a CPA, CFP, holds a master’s degree in taxation and is President of Cerefice and Company, a CPA firm in New Jersey.
 
Phone Number: 732-382-3800 Ext. 103.
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