The Dave Ramsey Show: Interview with Tom Corley

Dave Ramsey Blog: 20 Things The Rich Do Every Day

[ Source: daveramsey.com ]
 

So what do the rich do every day that the poor don’t do?

In this radio interview, best-selling author Tom Corley outlines a few of the differences between the habits of the rich and the poor:

1. 70% of wealthy eat less than 300 junk food calories per day. 97% of poor people eat more than 300 junk food calories per day. 23% of wealthy gamble. 52% of poor people gamble.

2. 80% of wealthy are focused on accomplishing some single goal. Only 12% of the poor do this.

3. 76% of wealthy exercise aerobically 4 days a week. 23% of poor do this.

4. 63% of wealthy listen to audio books during commute to work vs. 5% for poor people.

5. 81% of wealthy maintain a to-do list vs. 19% for poor.

6. 63% of wealthy parents make their children read 2 or more non-fiction books a month vs. 3% for poor.

7. 70% of wealthy parents make their children volunteer 10 hours or more a month vs. 3% for poor.
[Read more…]

The Dave Ramsey Show: Rich Habits Discussion

Are your habits creating your wealth or keeping you broke?

In this video, Dave Ramsey introduces the Rich Habits, citing the importance of habits in any endeavor we may pursue.  This radio interview takes place just before his July 19th, 2013 interview with Tom Corley. Topics include gossip, reality television, and recreational Internet use. If you fear success or wealth, do not watch the video as you may get uncomfortable with these revelations.

Dave Ramsey’s Rich Habits Introduction (Mini Transcript):

Wealth is built by your habits.  If you want to be skinny, do what skinny people do.  If you want to be married fifty years, do what people that have been married fifty years do.  If you want to win at business and leadership, do what great business leaders do.  In business we call that best practices…

Yahoo! Financially Fit: 30 Days to Financial Health

While we know better than to believe those “get rich quick” schemes, this video reveals a five-step plan that promises to at least perk up your financial life in just 30 days.

Author and financial planner Tom Corley has spent nearly five years studying the daily habits of those he characterizes as “wealthy” and “poor” and says whether you need a total financial overhaul or just a little breathing room in your budget, you can make improvements in roughly a month — starting with what he calls the “reinvention” habit.

Reinvention
It’s the first rich habit for a reason. You need to reassess where you are in your life if you want to change. As part of your reinvention, it’s important to visualize those bad habits. He says grab a pen and a paper and be brutally honest. List your imperfections and, in a neighboring column, jot down the reverse positive. For instance, “I need to exercise” becomes “I exercise 30 minutes a day.” “I watch too much TV,” gets flipped to “I limit TV to an hour a day.” [Read more…]

Yahoo! Financially Fit: Daily Habits of the Wealthy

If you think becoming rich is about luck, think again. It may have more to do with how you spend your day, beginning with the hour you wake up.

Financial planner Tom Corley spent five years observing more than 350 “rich” and “poor” people, how they live, work and even sleep and captured them all in his book, “Rich Habits: The Daily Success Habits of Wealthy Individuals.” He defined “wealthy” as earning at least $160,000 annually and holding at least $3.2 million in assets. “Poor” was income under $30,000 a year and less than $5,000 in assets. [Read more…]

Tip o’ the Morning to Ya – Choose To Try, Become An Unstoppable Force

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[ Source: FitnessCheerleader.com ]

Rich Habits Word of the Day

Indomitable – Cannot be defeated.

Rich Habits Fact of the Day

Australia is the only country that is also a continent.


Rich Habits Lesson of the Day

Rich Habits Time Management:

One of the strategies the wealthy use to accomplish more with less time is the use of the 80/20 Rule. The wealthy identify the top tasks they perform every week that are responsible for 80% of their revenues, income, or value to their organization. They then focus on these tasks full-time and delegate the remaining support tasks to others.

Tip o’ the Morning to Ya – Aim For True Happiness And Accomplishment

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Rich Habits Word of the Day

Convivial – Happy, cheerful.

Rich Habits Fact of the Day

An individual blood cell takes about 60 seconds to make a complete circuit of the body.


Rich Habits Lesson of the Day

Passion and Your Chief Aim in Life:

You know you have found your Chief Aim in life when you are unable to stop yourself from engaging in the activity that is your Chief Aim. You become obsessed about your Chief Aim and pursue it with all of the available free time you have. Your passion for achieving your Chief Aim in life is so strong that it overwhelms you. When you find your passion for something, you know you have found your Chief Aim in life. It may be writing a book, a song, painting a picture or starting a new business. Passion is the byproduct of doing something creative as your Chief Aim in life. When we are creative, passion flows into every fiber of our being. Human beings are creative by nature. We are happiest when we are passionately pursuing something creative and this creative activity is our Chief Aim in life.

Tip o’ the Morning to Ya – Call Someone, Build Stronger Relationships

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Rich Habits Word of the Day

Allegory – Fable, parable.

Rich Habits Fact of the Day

George Harrison, with “My Sweet Lord,” was the first Beatle to have a Number 1 hit single following the group’s breakup.


Rich Habits Lesson of the Day

Life Event Calls:

One of the strategies the wealthy use to build long-lasting, valuable relationships is the Life Event Call. These calls are made to clients, customers, patients or any contact you value, in order to recognize a particular event that occurred in the contact’s life. An example would be if a client or their spouse had a child, a graduation in the life of the contact, a promotion, new job, death or illness. Life Event Calls put your relationships on steroids. They grow the roots to the relationship tree deeper and faster than any other relationship-building strategy.

 

Tip o’ the Morning to Ya – Focus, Persist, and Be Patient

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Rich Habits Word of the Day

Implacable – Relentless, never give up, Tom Corley.

Rich Habits Fact of the Day

Disney World in Orlando, Florida covers 30,500 acres (46 square miles), making it twice the size of the island of Manhattan, New York.


Rich Habits Lesson of the Day

Focus, Persistence & Patience:

“Focus, persistence and patience are what separate the successful from the failures.” Donald Trump in his book Why We Want You to be Rich.

Applying the Rich Habits every day forces you to be focused, persistent and patient. It makes a daily habit out of the three things that are the foundational traits of the successful.

Tip o’ the Morning to Ya – Shifting Time Investments from Junk [Reality TV] To Quality

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Rich Habits Word of the Day 

Flummery – False praise. 


Rich Habits Fact of the Day
 

The number of people on Noah’s Ark was 8. Noah and his wife, his three sons and their three wives. 


Rich Habits Lesson of the Day

67% of the wealthy watch less than 1 hour of TV a day. 77% of the poor watch more than 1 hour of TV each day. When the poor do watch TV, 78% watch reality shows. Only 6% of the wealthy watch reality TV.

Tip o’ the Morning to Ya – Be Honest Yet Tactful

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Rich Habits Word of the Day 

Grifter – Fake, fraud, huckster.


Rich Habits Fact of the Day
 

U.S. Constitution is made up of 7 Articles and 27 Amendments. The most popular and well-known Amendment is the 1st Amendment which set out the five freedoms: Religion, Speech, Press, Assembly & Petitioning the Government.


Rich Habits Lesson of the Day

Speaking your mind turns out to be not such a good thing. Only 6% of the wealthy say what’s on their mind. 94% filter every thought that comes out of their mind before it comes out of their mouths. The reason? The wealthy indicated that saying what’s on  your mind often hurts other people’s feelings and can damage important relationships. 69% of poor people have the Poverty Habit of saying what’s on their mind. Consequently, they often struggle maintaining relationships.