Wealthy People Have 58% Fewer Problems


Tom Corley boats - crop

Rich or poor, everyone faces common problems. I spent many years studying the rich and the poor in my Rich Habits Study and I found that there were twelve frequent big problems almost everyone has to contend with:

  1. Health Problems
  2. Financial Problems
  3. Family Problems
  4. Neighbor Problems
  5. Home Repair Problems
  6. Car Problems
  7. Addiction Problems
  8. Job Problems
  9. Relationship Problems
  10. Death or Disability Problems
  11. Time Management Problems
  12. Weather Problems

These are all common problems. And these problems create unhappiness for anyone affected by them. The big difference between the rich and the poor, is that the rich are able to easily overcome and eliminate most of these problems and thus, eliminate the unhappiness those problems create.

When I analyzed my study data, I discovered that, out of all of these modern day problems, the rich really only struggle with five:

  1. Family Problems
  2. Health Problems
  3. Time Management Problems
  4. Death or Disability Problems and
  5. Weather Problems.

If you do the math, that’s only forty-two percent of life’s problems that the wealthy have to contend with. Or, looking at it another way – being rich eliminates fifty-eight percent of life’s major problems.

Let’s delve into this in a little more detail.

#1 Health Problems

According to my Rich Habits Study data, seventy-six percent of the rich do some form of cardio exercise every day for about thirty minutes. The science on the health benefits of cardio exercise is clear – cardio exercise improves your health and extends your life. But what about cancer? Cancer is fairly democratic in that it plagues the rich and the poor alike. However, studies indicate that a poor diet increases the risk factors associated with cancer. According to my Study, the rich and the poor had very different diets. The rich ate significantly less junk food, consumed significantly less alcohol, avoided fast-food restaurants, and consumed far less sugar than the poor did. On top of all this, the rich have the financial means to secure the best medical care, in the event something does go wrong. Nonetheless, although the rich can afford to find the best medical care available, their money cannot eliminate health problems from occurring.

#2 Financial Problems

The only financial problems the rich have, involves managing their money and investments. One hundred percent of the rich in my study owned their own home and eight-four percent had no mortgage.

#3 Family Problems

Rich or poor, we cannot control family problems. Having a family means you will deal with a whole host of family issues.

#4 Neighbor Problems

The rich have the luxury to pick their neighbors. They can afford to find the best places to live. And if they decide they can’t tolerate their neighbors, they have the financial ability to move to a better neighborhood.

#5 Home Repair Problems

If the central air conditioning system breaks, the rich have the money to fix it immediately. When it comes to major repairs, the only issue for the rich is how fast the electrician, plumber, or carpenter can get the job done. There are no financial concerns for the rich when something goes wrong with their home.

#6 Car Problems

If something goes wrong with their car, the rich can afford to get it towed to a repair shop or simply buy a new car.

#7 Addiction Problems

Drugs are a blight on society. No one, not even the rich, can escape this blight. The big difference is that the rich can afford to send themselves, their spouse or their children to the best and most effective rehabilitation centers. The rich have the financial resources to secure the best care in dealing with addiction problems and, therefore, a better chance of eliminating it.

#8 Job Problems

According to my Rich Habits Study data, eighty-six percent of the rich like or love what they do for a living. Because they like or love what they do for a living, they do a better job. They have no fear of being fired because they either own their own business (fifty-one percent of the rich in my study owned their own business) or they are a decision-maker where they work (ninety-one percent in my study were decision-makers), meaning they do the hiring and firing.

#9 Relationship Problems

According to my data, relationships are the currency of the wealthy. The rich surround themselves with other like-minded people who share their goals, dreams, values, thoughts, morality and virtues. They devote an enormous amount of time to managing their relationships and they make a habit of avoiding toxic relationships. Plus, because they are rich, they are treated differently by others. The non-rich, banks, non-profits and many individuals and organizations know that the rich can help them both financially and through their powerful relationships. As a result, the rich are often treated with kid gloves, in the hope that the rich may help them in some way.

#10 Death/Disability Problems

Death or disability can happen to anyone at any time, rich or poor.

#11 Time Management Problems

Sixty-five percent of the rich in my Rich Habits Study had at least three sources of income to manage. As a result, the rich are constantly pressed for time in managing their revenue streams. Plus, according to my Study, ninety-one percent of the rich were decision-makers where they worked. Responsibility follows decision-makers wherever they go, even on vacations. Time management is, therefore, a constant problem for the rich.

#12 Weather Problems

Do I need to even address this? Weather affects everyone, rich or poor.

When you are rich, you can eliminate common, everyday problems and thus, eliminate the unhappiness associated with those problems. When you are poor, these problems linger and often create long-term unhappiness. So, the next time someone tells you money can’t buy happiness, don’t buy what they’re selling.

Far too many have been indoctrinated into the belief that the pursuit of wealth is evil or bad. This belief is a negative or limiting belief and it will hold you back from pursuing wealth. Wealth is good because wealth reduces life’s everyday problems.

My mission is to share my unique research in order to help others realize their dreams and achieve their goals. If you find value in these articles, please share them with your inner circle and encourage them to Subscribe. Thank You!

Be Sociable, Share!
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.
Email Tom
| Download Media Kit


  1. Love your emails – keep them coming… we have a YT channel for teaching business to teens that we just started and we’ve already put you in some of our content but we’ll be adding you in future content as well…. Love your emails!


Speak Your Mind