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…]
I Spent 5 Years Studying Rich People, and Here’s the Single Best Piece of Advice I Can Give You About Money
How Many Income Balls Do You Have in the Air?
If you’re like most people, you’ve got one stream of income – your job. And if you’re like most people you are either poor or stuck in the middle-class. If you want to break out of poverty or the middle-class you need to begin creating multiple streams of income.
“But I’ve got two kids, weekends filled with running around from one sporting event to the next for my kids, kid birthday parties to attend and already too much job-related work on my plate as it is. How on earth am I supposed to find the time to add another stream of income?” [Read more…]
Rich Habits Profiled in Epoca Magazine (Portugal)
Your Brain Loves These 3 Habits
Bad habits impair your brain. You can tell when your habits are impairing you brain. This impairment manifests itself in bad choices, poor memory, lake of willpower, trouble sleeping, feeling lethargic during the day, uncontrolled anger, depression, poor health, and strained relationships.
But, not to worry, I’m here to help. I’ve spent the past eleven years studying the daily habits of those who succeed in life and those who do not. Those who succeed in life all share certain habits that improve brain function, increase their IQs, physically grow their brains by adding and strengthening brain cells, improve memory and accelerate their thinking. In my study of the brains of those who succeed and those who struggle in life, I uncovered some very interesting facts about how successful individuals are able to improve brain function. [Read more…]
I Spent 5 Years Studying Poor People and Here Are 4 Destructive Money Habits They Had
Your money habits can make you rich or put you in the poor house. According to a recent study by Brown University, in which nearly 50,000 families were surveyed, most of the habits we pick up in life come from our parents (Brown Study). This includes money habits. If your parents had bad money habits it is likely those habits rubbed off on you. But in order to change bad money habits you need to first become aware of them. Below are some destructive money habits that I uncovered in my five year Rich Habits study that will put you in the poor house unless you eliminate them: [Read more…]
I Spent 5 Years Studying Rich and Poor People, and Here’s the Most Important Things I Learned About Succeeding
When I began my study of the rich and the poor I wanted to know the answer to one question: why are some people rich and other people poor? Five years later 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 it was worth it. I learned an enormous amount about dealing with mistakes and disappointment. I gained insight into what it takes to overcome the hurdles, obstacles, rejections and the emotional downs everyone who pursues success experiences. More importantly, I learned a lot about success and failure. I learned, in particular, why some never quit on their dream and why some do. [Read more…]
I Spent 5 Years Studying Rich People, and Here are the 6 Best Pieces of Advice I Can Give You About Making More Money
There are smart ways to try and make more money and their are the not so smart ways. Thanks to my five year study on rich people, I was able to uncover some of the best ways to make extra money. Here are six of the best pieces of advice I found from my study on making more money: [Read more…]
I Spent 5 Years Studying Rich People, and Here are the 20 Best Pieces of Advice I Can Give You About Achieving Success
When I began my study of the rich and the poor, I wanted to know the answer to one question: why are some people rich and other people poor? Five years later and over 350 interviews later, I finished my research. It wasn’t an easy thing to do. I asked each person 144 questions. It took me five years because this wasn’t a survey I mailed out. I either met with these people or spoke with them over the phone. Surveys have limited value, but actual interviews allow you to dig deeper and uncover much more valuable information. If you do the math, I asked 51,984 questions of the rich and the poor. That’s a lot of questions!
But it was worth it. What I discovered is beginning to catch the attention of the world and I am confident my discoveries will help change the lives of millions living in poverty or stuck in the middle-class. Here’s 20 of the best pieces of advice I can give you about achieving success: [Read more…]
I Spent 5 Years Studying Rich and Poor People and I Would Like to Share What Separates The Rich From the Poor
When I began my study of the rich and the poor I wanted to know the answer to one question: why are some people rich and other people poor? Five years later 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 a survey I mailed out. I either met with these people or spoke with them over the phone. If you do the math, I asked 51,984 questions of the rich and the poor. That’s a lot of questions!
But it was worth it. What I discovered is beginning to catch the attention of the world and I am confident my discoveries will help change the lives of millions living in poverty and help those stuck in the middle-class improve their financial lives. I’d like to share two ideologies that I uncovered in my research that separate the rich from the poor and which are responsible for creating wealth or causing poverty. I’d like to share those two ideologies with you. [Read more…]
I Spent 5 Years Studying Rich People , and Here Are the Best Pieces of Advice I Can Give You About Money
What secrets about managing money do the rich know that the average person doesn’t? I spent five years trying to answer that question. I asked 233 millionaires 144 questions and discovered the rich have certain very specific money habits we all should adopt immediately. What are they? [Read more…]