Pearls of Wisdom From Self-Made Millionaires


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I spent five years studying the rich and the poor. As a result, I’ve accumulated an enormous amount of data regarding both groups.

I documented how the rich act, think, make decisions, manage relationships, assess and define risk, cope with adversity, pursue dreams/goals, and many other things. I actually have 346 data points that I tracked.

I thought it would be insightful to share some of the wisdom I documented that the rich shared with me:

  • “I could lose all of my money tomorrow and make it all back within 5 years.”
  • “I am in control of my destiny.”
  • There’s good debt and there’s bad debt. Good debt is debt used to pursue dreams, goals or investment opportunities.”
  • “I created all of my own good luck.”
  • “The economy doesn’t really affect me.”
  • “Being healthy helps me make more money.”
  • “You can’t make money laying in a hospital bed. That’s why I exercise and watch what I eat every day.”
  • “Our education system only teaches people how to be good employees.”
  • “Home ownership isn’t the American Dream. Freedom to do what you want with your time is.”
  • “Home ownership won’t make you rich.”
  • “The government wants employees, not business owners. They want a steady stream of income tax. You get that with employees.”
  • “Every dollar I don’t spend is another dollar I can invest in something.”
  • “Negativity creates poverty. Optimism is a prerequisite for wealth.”
  • “Poverty is a temporary condition, made permanent by your thinking.”
  • “I always knew I’d be rich one day.”
  • “Most people really don’t want to become rich when they find out how hard it is or how much risk is involved.”
  • “When you create something of value, the rewards are often obscene compared to the efforts.”
  • “If you want to get rich you need to upgrade most of your relationships.”
  • “Relationships are the currency of the wealthy.”
  • “Self-education is the key to success in life.”
  • “Anyone can become wealthy in America.”
  • “Being a voracious reader is one of the keys to success in life.”
  • “It’s not how much you make, it’s how much you save so you can invest your savings.”
  • “Success is built on a mountain of mistakes. The more mistakes, the higher your mountain.”
  • “Circumstances have nothing to do with wealth or poverty.”
  • “Everyone has the capacity for genius.”
  • “Good habits make you rich, bad habits make you poor.”
  • “Happiness is a habit.”
  • “Poverty is a habit.”
  • “Wishes are not goals. Goals require physical activity.”
  • “The only valuable education in life is the education you put to use to add value to the lives of others.”
  • “Getting people to willingly do what you want them to do will make you rich.”
  • “You only need two or three apostles to help you become rich in life.”
  • “I’m rich because I didn’t follow the herd. I was kind of a rebel. I didn’t want to do what everyone else was doing. I wanted to do my own thing and create my own herd.”
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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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  1. If getting rich was easy, everybody would be rich.

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