The #1 University in the World Will Surprise You

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I thought I’d share with you a discovery I made about a little-known University whose students graduate with a degree in Success. What makes this University so special is that 100% of its graduates go on to realize enormous success in life. The majority of the graduates become small business owners. Others become professionals or end up rising to the top of the executive ladder in big multinational companies. This University is far superior to Wharton, Yale, Princeton, Harvard and many other well-known schools, in terms of the success rate and achievements of its students.

It’s a wonder to me why everyone in the world doesn’t know about this school. But, ironically, hardly anyone does and, as a result, the school has only a small number of students. The name of the school is Better University, or Better U for short. I picked up a copy of their syllibus so I could share it with you: [Read more…]

Get Happy – It’s Friday

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Those of you who have been following me for a while know bullshit’s not in my DNA. So I won’t bs you. Friday’s are great. For most it’s the end of the workweek and usher’s in two days of freedom. Like you, I love Friday’s. But ever since I’ve been on this Rich Habits journey of mine, Friday’s have taken on a new meaning for me.

As many of you know, I run a CPA firm. It takes a lot of time. It’s a lot of technical work, paperwork and stressful work. I have to spend thirty minutes every weekday morning reading about taxes or financial planning or accounting or any number of things, just to stay current with my industry. I’ve always liked my financial services job. Particularly, when that job entails advising clients, teaching clients and helping clients improve their financial lives. But at the end of the day, it’s still work.

Tax season, for me, is a period when I must devote myself to CPA/Tax work seven days a week for ten straight weeks. Each workweek day during tax season is typically a twelve hour day. Weekends are six to eight hour days. As a result, Friday’s have no special meaning to me during tax season. But once tax season ends, Friday’s make me happy. I get happy because all I’m thinking about is waking up early on Saturday and Sunday mornings, knowing that I’ll be able to devote a solid four to five hours each day writing and doing research related to my Rich Habits. Imagine that. I’m excited because I get to spend more time working on the weekend.

This excitement is the byproduct of doing something that I’m passionate about. I’m passionate about my Rich Habits. I’ve found my calling in life; my main purpose. And I’ve learned what many of the self-made millionaires in my study already knew – when you find your passion in life, work, is no longer work. Passion takes the drudgery out of work.

In my research on the Rich Habits, I gathered data on the number of hours self-made millionaires worked and then compared it to the number of hours the poor people in my study worked. What I found was that self-made millionaires worked far more hours every week than the individuals in the poor group. Here’s the hard data:

96% of the self-made millionaires worked 58 hours a week. Only 5% of the individuals in the poor group worked as many hours. 

My critics (I have a lot of critics) will stop there and say, “Tom Corley is beating up on poor people. He’s calling them lazy”. And they would have a point, if I stopped there as well. But I didn’t. I dug a little deeper. And when I dug a little deeper, that is when I uncovered the truth -those self-made millionaires worked more hours because they loved what they were doing. Work, as most define it, had a very different definition to those millionaires. Work was play or something fun that they enjoyed doing.

In December of last year, I had an opportunity to speak on the same stage with Richard Branson and I was able to steal a few precious minutes afterwards to talk to Sir Richard. So, I asked him if he considered what he did work. He smiled, that toothy Branson smile, and told me that he loves what he does for a living, so he didn’t feel like it was work to him and because it wasn’t work, he devoted an enormous amount of hours to it. Elon Musk, Warren Buffet, Tim Cook (Apple) and many other self-made millionaires I’ve studied share Branson’s opinion and they, coincidentally, work an enormous amount of hours.

If your work was called fun, instead of work, and you told someone you have fun fifty-eight hours a week, what do you think their reaction would be? They’d probably think, “that person is not a hard worker”. We all pretty much see through the same lens, when it comes to our view of work. And that lens sees work as something that is not fun. So, as a result, when we look through our lens, we label every self-made millionaire who is putting in fifty-eight hours or more a week as a workaholic. And, because of our work lens,  we can’t help but think that anyone who works so many hours cannot be happy. But they are happy. And they’re far happier than everyone else precisely because they view work as fun. They get to play and have fun every day.

Well, all I can say is, thank God it’s Friday because tomorrow and Sunday I get to play for ten hours. And it makes me happy just thinking about it.

Earn Your Way Out and Stop Being a Wage Slave

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According to the data from my Rich Habits Study, 96% of those struggling with poverty, hated their job. Other independent studies indicate that the total percentage of workers in the U.S., poor and non-poor, who hate their job is somewhere between 71% – 90%.

So, let me ask you a question. Do you hate your job? Do you start to feel that knot in your stomach around 6 pm Sunday night? Do you wake up Monday morning and think, “oh no, it’s Monday”?  Well, you’re in good company. Being a wage slave is no fun. It’s not a life.

There are only two ways of escaping wage slavery:

  1. Live Below Your Means (Spend Less Than You Earn) or
  2. Expand Your Mean (Earn More Than You Spend).

Both ways are hard. Both ways take time. In the first escape approach, you sock away 20% or more of your net pay, prudently invest that savings and, over time, those savings compound. Eventually, you’ll have enough money saved to enable you to quit your slave job in 25 – 35 years. If you’re in your early 20’s, that means emancipation sometime between your mid 40’s or mid 50’s, depending on your earnings.

In the second escape approach, you either get a 2nd part-time job or you pursue some side business. In both cases, once again, you prudently invest the savings and, over time, those savings compound. Eventually, the compounded savings from the part-time job will enable you to quit your slave job in 25 – 35 years. In the case of the side business, the time line for quitting your slave job will be significantly less. Somewhere between 5 – 10 years, depending on the profitability and your passion for that side business.

It’s up to you to adopt a plan to escape your slave job and take action implementing that plan. Human beings were not intended to toil away in a job they do not like. It’s simply not in our DNA; our human pre-programming. Human DNA is unique among all living things for a reason we, as of yet, do not comprehend. That pre-programming, that special software, speaks to us every day. And it says, “create, grow, expand, evolve and be happy.”

Make a plan today and take action. And when you do, that is when you will find true happiness.

 

Habits of a Feather, Flock Together

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Good or bad, we seek out others who share our habits. If you’re overweight, there’s a good chance that your friends or family members are overweight. If you’re a smoker there’s a good chance that your friends or family are smokers. It is also one of the reasons why individuals who join a weight loss group, such as Weight Watchers, have a greater chance of losing weight – you are spending time with others who share your desire to lose weight.

One of the short cuts to habit change is to change your environment. Those you associate with on a frequent basis are part of your environment. If you want to adopt a good habit, such as daily exercise, you increase your chances by associating with other individuals who already have the daily exercise habit or who are trying to adopt that habit. This forces accountability, one of the keys to habit change. Association accountability is also commonly known as peer pressure. If you want to adopt a good habit, one sure-fire way is to create a new, specific peer group around that habit. These new peers will put pressure on you to stick to your new habit.

 

Are You a Red Oak or a Cherry Tree?

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The average Red Oak tree takes 50 years to produce its first acorn. But it will produce acorns for up to 350 years, before it dies. Conversely, a Cherry tree takes about 4 years to produce sweet cherries but its longevity is short-lived. It will produce cherries for about 20 years before it dies.

Very few get rich quick. According to the National Endowment of Financial Education, about 70% of all lottery winners go broke within a few years. Success, like the mighty Red Oak, takes a long time before it bears fruit. It took the average self-made millionaire in my study 32 years to become rich and successful. The wealth they created, however, will bear fruit for the rest of their lives and leave a legacy of wealth that can benefit future generations.

If your goal is to become successful, you must build a foundation of success. This takes time. But the longer it takes, the more sound the foundation. So, I ask you, which tree will you plant today, a Cherry tree or a Red Oak tree?

Infidelity – A Bad Habit That Could Put You and Your Family in the Poor House

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In my Rich Habits Study 32% of the wealthy were divorced at least once and 46% of the poor were divorced at least once. While part of the reason the divorce rate was higher for the poor was due to already existing financial problems, 53% was due to infidelity. And 9% of the poor who were divorced, had extra-marital affairs with colleagues at work. The vast majority (67%) of the poor who got divorced due to infidelity at work, lost their job as a result. Two of the individuals who lost their jobs were making in excess of $400,000 at the time of their firing and were unable to find employment in their industry, which precipitated their fall into poverty.

Infidelity in marriage, that leads to divorce, not only undermines families, it can throw the entire family into poverty. Cheating on your spouse can put you and your family in the poor house and, consequently, it is most definitely a Poverty Habit.

 

I Am Who I Think I Am

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We all have a vision of the person we are. We create that vision in our childhood through osmosis, our vision being influenced by our environment – the people who surround us. So, in a real sense, we are who others think we are. That can be very good or it can be very bad. For the vast majority of those struggling in life, it’s a very bad thing.

Most never take the time to script out the person they want to be. That’s a mistake. When we take control over the person we want to be, the historical influence others exerted on our vision, begin to fade away. When we script who we want to be, we alter whatever vision we previously programmed ourselves to embrace. Scripting the vision of our perfect self is transformative.

At the beginning of 2012 I was struggling in my author business. My book, Rich Habits, had sold only 1,000 copies, typical for most self-published authors. Most self-published authors never sell more than 1,000 copies of their books in an entire lifetime. But I wanted to be a successful author. I wanted to get my Rich Habits message out there. I wanted to positively impact the lives of millions with my research. So, I took a page out of my self-made millionaire playbook (Rich Habits) and scripted my perfect life for the first time.

In my ideal, future life, I decided I wanted to be J.C. Jobs, the main character in Rich Habits. J.C. was a famous self-help author who transformed the lives of millions. He was a frequent guest on T.V. shows and radio shows. He wrote thousands of articles in magazines ad newspapers around the world. He was an icon who freed millions from the slavery that is poverty. And he successful and he was happy.

It’s now nearing the end of 2015. So did my scripting work? I’ll let you be the judge. Here’s what’s happened since the beginning of 2012:

Rich Habits is closing in on 50,000 book sales. Rich Kids, a book I released at the end of 2014, has won two major literary awards and became a bestseller in June of this year. Change Your Habits, Change Your Life, my latest book, will be released shortly. I have been on 14 national and regional T.V. shows and over 2,000 radio stations primarily in the U.S. but also in Canada, Australia and the U.K.. My research has been profiled in dozens of national and international magazines around the world as well as hundreds of online sites, blogs and newspapers worldwide. I have been interviewed by close to 200 podcasters in the U.S., Canada, Australia, U.K., Mexico, Jamaica, Puerto Rico, Israel, New Zealand and a few other countries. I am not J.C. Jobs yet, but I’ve come a long way.

What happened? Every day for 18 months, I continuously read and improved upon the script I created at the beginning of 2012. At some point, I think it was in early 2014, I began to finally see myself as J.C. Jobs. I began to believe.

Scripting works. It brings to the surface the dreams that must be realized in order for you to become the future you. Those dreams infect your subconscious and conscious mind like a virus. They inspire you to develop goals. Goals are the action steps behind each dream. Each dream is like a rung on the ladder of success. Every dream you realize, moves you up the ladder and gets you closer to the top. When you reach the top, you become the future version of you.

Who do you want to be? Do you want to be who others think you are? Or, do you want to be someone entirely different?  Scripting gives you the template for your ideal, perfect life. It’s your GPS to a new life. Scripting provides the dreams, that give birth to the goals, that will help you climb your ladder of success and transform you into who you want to be.

7 Ways to Develop Good Money Habits that Can Make You Rich

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Financial success takes a long time. In my Rich Habits Study it took the average self-made millionaire 32 years to become “rich”. When I began my study I wanted to know the answer to one question: why are some people rich and other people poor? Five years, and over 350 interviews later, I finished my research. It wasn’t an easy thing to do. I had grouped 144 questions into 20 categories, and asked over 350 millionaires and poor people these questions. It took me five years because this wasn’t just a survey I mailed out. Surveys have very limited value. I either met with these people or spoke with them over the phone. As a result, I was able to gather far more data. If you do the math, I asked 51,984 questions of the rich and the poor. That’s a lot of questions! But also, a lot of answers. One of the most valuable things I learned from this research is that there are really only two ways to become rich: [Read more…]

Painless Charity

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One of the hallmarks of the self-made millionaires in my Rich Habits Study was their generosity. They gave both their time and money primarily to local community-based non-profit organizations. But what if I told you that even if you don’t have a lot of money, you could be charitable, and it wouldn’t cost you any time or money?

Have you ever found money? Do you remember what you did with the last change you found in a parking lot, on the street of on a sidewalk? If you’re like most, you probably put it in your pocket and it eventually made its way into some container you have at home for change.

Well, let me tell you what I just started doing with my found money. I put a cup in my car. I call it the Found Money Charity Cup. I now put all of my found money in the cup. When the cup is full, I intend on bringing it to one of the non-profits in my town and giving them the money. It might take a year to fill that cup but, so what. The few dollars I accumulate will come to some good use.

What’s interesting, is that the moment I put this Found Money Charity Cup in my car, I began looking for money everywhere. And because of this little treasure hunt I’ve been on, I am finding money almost on a daily basis. And my cup is really starting to fill up. I began to think, what if everyone started to do the same thing? What if offices, warehouses, manufacturing facilities, schools, bars, auto repair shops, hair salons, car rentals, airports, parking garages, ferries, train stations, etc. around the world put out a Found Money Charity Cup? Can you imagine how much of the world’s found money would make its way into a worthwhile charity? Something to think about.

 

 

I Spent 5 Years Studying Rich People, and Here’s the Single Best Piece of Advice I Can Give You About Money

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Financial success takes a long time. In my Rich Habits Study it took the average self-made millionaire 32 years to become “rich”. When I began my study I wanted to know the answer to one question: why are some people rich and other people poor? Five years, and over 350 interviews later, I finished my research. It wasn’t an easy thing to do. I had grouped 144 questions into 20 categories, and asked over 350 millionaires and poor people these questions. It took me five years because this wasn’t just a survey I mailed out. Surveys have very limited value. I either met with these people or spoke with them over the phone. As a result, I was able to gather far more data. If you do the math, I asked 51,984 questions of the rich and the poor. That’s a lot of questions! But also, a lot of answers. One of the most valuable things I learned from this research is that there are really only two ways to become rich: [Read more…]