Tip o’ the Morning to Ya – Avoid Victim Thinking

Rich Habits Word of the Day

Ideology – Outlook, beliefs.  Tom did not share the ideology that poverty is permanent and he was, therefore, able to change his circumstances in life.

Rich Habits Fact of the Day

According to Thomas J. Stanley’s book, “The Millionaire Next Door: The Surprising Secrets of America’s Wealthy,” only 20% of millionaires inherited their riches. The other 80% are what you’d call nouveau riche: first-generation millionaires who earned their cash on their own. Many millionaires simply worked, saved, and lived within their means to generate their wealth — think accountants and managers: regular people going to work every day. Most millionaires didn’t get their riches overnight when a rich relative died — they worked for the money.

Rich Habit Lesson of the Day

I’ve written about the two schools of thought surrounding poverty. Read here (http://richhabits.net/poverty-by-choice-or-by-circumstance/). There is no questions that, at the margins, poverty can strike randomly. Medical issues are a common denominator that can cause poverty. But for most, medical conditions are self-inflicted (diabetes via obesity, heart disease, lung cancer from smoking).  When you believe you are a victim of poverty it is impossible to break free of it. Victim Thinking is an anchor around your neck that will keep you poor. The fact is, the circumstances that created your poverty are not fixed. Circumstances can be changed. You can end your poverty. It all starts with a thought. The thought is that you no longer desire to be a victim of poverty; that you can change your circumstance. Those who are able to break free of poverty all have one thing in common: Rich Thinking. They change the way they think. They engage in some common techniques: visualization, daily affirmations, proper goal setting, daily self-improvement, sound time management, expanding their means, living below their means and finding mentors. You can find all of these techniques on this blog. They will help you break free of poverty. It all starts with a thought to end your poverty and a belief that you can change your circumstances in 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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