Although I like to refer to it as my Twenty Question List, the list of questions I asked the rich and poor in my study actually numbered 144. A few of those questions focused on parenting, mentoring, relationships, dreams and goals. Many of the responses to these question had nothing to do with the actual question and took me down unintended paths. The millionaires, in particular, expounded on the importance of why they were pursuing their passion, what they hoped to ultimately achieve in life, the significant of their lives, etc. I felt the millionaires were taking me completely off track. Except they weren’t. What they were all ultimately trying to articulate was the legacy they wanted to leave behind. Their why for doing what they were doing.

I love doing speaking engagements, especially at high schools and colleges. One of the many questions I ask the students is: [Read more…]

This piece was graciously contributed by Kaitlin Krull, who writes for Modernize.com [Read more…]

Your daily habits are the reason you are rich, poor or stuck in the middle-class. They are the reason you live in the house of your dreams or a shack. 40% of all of your daily activities are habits. This means 40% of the time you’re on auto pilot, every day. Habits save the brain work and conserve brain fuel. There is very little processing power involved with respect to habits. When a habit is formed, you unconsciously engage in a specific behavior. This is intended to be a good thing, however, if you have more bad habits than good habits you are unconsciously on a path toward failure and poverty. I studied 177 self-made millionaires and uncovered certain unique good habits that made it possible for them to automatically process success on a daily basis. Let me share fifteen of the top habits of self-made millionaires that helped them accumulate an average of $7.4 million in twelve years: [Read more…]

Just how important is it to love what you do for a living?

Answer: Very important when it comes to happiness and wealth. Those who love their jobs make more money, accumulate more wealth and are happier than those who don’t love what they do for a living.

According to a 2012 survey conducted by “Big 4” accounting firm Deloitte, 80% of those surveyed did not like their jobs. In another survey conducted by Gallup in 2013, 63% of the 230,000 employees in the survey said they were unhappy with their jobs.

When I analyzed the data I gathered in my study on the habits of the rich and poor, there was a direct correlation between job satisfaction and wealth accumulation. Here’s some of that data: [Read more…]

According to my Rich Habits study, one of the reasons the wealthy accumulated so much wealth was due to the fact that they worked more hours than those who were not rich, or who were poor. Here’s some of the data: [Read more…]