Habits are repetitive behaviors, choices, emotions and thinking that occur below the level of consciousness, meaning you are unaware of them.
According to a 2006 Duke study, these involuntary acts represent 40% or more of an individual’s daily activities. This means 40% or more of the time, each day, we are all doing things, making choices and thinking a certain way, without even being aware of it.
After I completed my Rich Habits Study interviews, it dawned on me that neither the rich or poor fully comprehended the importance of their habits vis-a-vis, their wealth or poverty.
Neither group had any inkling that their financial success or failure was the result of their habits. Most were on autopilot, just doing the same things their parents did, or taught them to do, without realizing it.
This presented a big problem in my mind because, since millions of people in America were poor, this meant many families would be forever stuck in a generational cycle of poverty and have no idea why. It also represented an opportunity – if I could expose the Poor Habits that were the cause of poverty, I could help put an end to this generational cycle of poverty.
I found in my research that the only way families were able to break out of poverty or the lower middle class was when parents became obsessed with mentoring their children to succeed by indoctrinating in them Rich Habits.
I discovered in my research that awareness of our habits was the key to changing them. When we mentor our children with good daily success habits and put up a stop sign anytime we see a bad habit running amok, we tee our children up for success.
I wrote Rich Kids (http://richhabits.net/rich-habits-books/) in order to help give parents the tools they needed in order to become success mentors to their kids.
Parents are often the only shot kids have at having a mentor in their lives. Parents raise children but parents who are success-mentors raise successful children.
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