Good Luck is Critical to Success

tip-o-the-morning

Tom Corley boats - crop

After I completed my Rich Habits Study, one thing became very clear – the rich, at some point during their success journey, get lucky.

Luck was so critical to the success of many of the self-made millionaires in my study, that I felt it imperative to address it right out of the gate in my book Rich Habits. I’ve updated that preamble for the 2nd Edition of Rich Habits and thought I’d share it with you.

The Rich Have Good Luck and the Poor Have Bad Luck

Many unsuccessful people rationalize that they don’t have “good luck” or just aren’t “lucky.” They argue that in order to be financially successful you need good luck.

So, is good luck important to becoming successful? The answer is a resounding “Yes!” All successful people pursuing some dream, have experienced good luck. In fact, no one will ever become successful if they do not have good luck. But let’s elaborate on this hard truth.

There are four types of luck. The first type of luck is “random good luck.” This is a type of good luck we have no control over, like winning the lottery or receiving an unexpected inheritance.

The second type of luck is “random bad luck.” Like random good luck, we have no control over this, either. Events creating this type of luck are outside of our influence for the most part. Examples include coming down with a genetic-driven disease, getting hit by lightning, random accidents, a tree falling on your house, etc.

The third type of luck is “opportunity luck.” This is good luck that is a byproduct of good daily habits. Think of opportunity luck as an apple orchard. You prepare the land, plant the apple seeds, and diligently nurture the trees as they grow. After some time the apple trees blossom and bear fruit. This fruit is the byproduct of doing the things you needed to do over a long period of time. These apples represent the fruit of good habits – opportunity luck.

Successful people do the things that are necessary over the long term in order for opportunity luck to occur in their lives. They live the Rich Habits every single day. Rich Habits are like a magnet for opportunity luck. Many of the opportunities are completely unexpected. Some people refer to this as “the law of attraction.” Opportunity luck follows the law of attraction for those who live the Rich Habits.

The fourth type of luck is “detrimental luck.” Detrimental luck is the evil twin of opportunity luck. Unsuccessful people have bad habits. Like the Rich Habits, bad habits are also seeds. They will take root and grow until they too bear fruit. Unfortunately, the bad fruit birthed by bad habits brings detrimental luck into the lives of the unsuccessful. This detrimental luck might be a job loss, investment losses, foreclosure, divorce, illness, or something similar.

To bring success into your life you need to attract the right kind of luck. Living the Rich Habits guarantees you will attract the right kind of luck, and opportunities will appear, seemingly out of thin air. As with low-hanging fruit, all you have to do is reach out and pick it.

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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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Comments

  1. Roger Oesterling says:

    In your apple orchard example, I suggest going one step further and explain the opportunity luck that high apple prices would bring to the orchard owner. Low apple prices would be bad opportunity luck. The market price is determining the long term good or bad fortune.

    Your thoughts are of interest.

    Thank you for your “Top of the Morning”, I share the really good ones with my grandchildren.
    Roger Oesterling
    rogeroesterling@gmail.com

  2. Nataliya Isom says:

    Love this and all other articles!

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