10 Things Rich People Do That Poor People Do NOT – The Habits of the Wealthy
Are the rich and wealthy people just good with money, or is there a deeper brilliance to their success?
“85-88% of American millionaires are self-made, first-generation rich.” ~ Tom Corley
Most people including myself would agree that there are certain choices and daily habits that are targeted towards wealth.
The Habits of Wealthy People – 10 Choice Lessons
This following list started out with two American wealth gurus having their own lists for things that the rich do which poor people do not. These two wealthy gurus combined their ideas into one excellent list.
What took place is that wealth guru Tom Corley wrote a list of 10 rich habits that will make you rich, followed by 18 poverty habits that are keeping you poor.
Then along came another wealth guru, Dave Ramsey, who helped condense Corley’s ideas into a 20-point list of his own. You can read his list here.
This list has been compiled of 10 things rich people do and poor people don’t. And the funny thing is… these routines and habits have nothing to do with money.
1. The Wealthy Eat Right
To begin… Tom Corley did his own research to find habits of rich people vs. poor people – to find that 70% of wealthy people eat less than 300 junk-food calories each day. While 97% of poor people eat more than 300 junk-food calories per day.
The lesson to be learned? Your body is a temple… treat it as such!
2. They Stay in Shape – They Keep FIT!
We all know that a healthy body usually means a healthy and clear mind. According to research, 76% of wealthy Americans exercise at least 4 days a week, when only 23% of poor people do.
3. The Wealthy Set Goals for Themselves
“A goal is a dream with a deadline.” ~ Napoleon Hill – Think and Grow Rich
Setting goals for yourself starts with a strong desire. It is stated that at least 80% of the wealthy focus on accomplishing a single goal. It is also stated that the wealthy write their goals down in a location to be seen which is 4 times greater than the poor.
Only 12% of the poor people have a goal written down.
4. The Wealthy Do Not Disclose ALL
Blurting out ever thought or idea is not going to get you very far in the business world. According to Corley, only 11.6% of the wealthy will blurt out what’s on their mind, compared to a whopping 69% of the poor.
There is nothing wrong with keeping thoughts and ideas to yourself. People will flock to you when they see your success. You will look like a super hero and they will want to know your little known secrets to wealth.
5. The Wealthy Keep a To-Do List – They Stay Organized
We’ve all heard the saying ‘Spinning Your Wheels’. Being organized by keeping a to-do list is one of the habits of the wealthy that may seem too simple to be true.
Research shows that 81% of the wealthy keep a to-do list, while only 19% of the poor will.
“84% of wealthy believe good habits create opportunity luck vs. 4% of poor.” ~ Dave Ramsey
For a great article about To-Do lists, follow the link to Mike Dillard’s secret software that he uses on a daily basis to continue building his online empire… (It’s FREE and can be found on your computer).
6. The Wealthy NEVER Stop Educating Themselves
The wealthy READ! They will read materials related to their career or education to better themselves. Research shows that 88% of the wealthy will read for at least 30 minutes each day, while only 2% of the poor do likewise.
“86% of wealthy believe in lifelong educational self-improvement vs. 5% of poor.” ~ Dave Ramsey.
Did you know that 63% of wealthy parents make their children read two or more non-fiction books a month vs. 3% of poor? There’s gotta be something to these facts!
Want to increase your bottom line? Stop playing Farmville or Angry Birds and pick up a book.
7. Give Grandma a Call
Showing the love by remembering somebody on their birthday is good business according to Corley. It is said that 80% of rich people make it a habit to make birthday calls, compared to only 11% of the poor people.
8. Stop Watching Big Brother
You want to get ahead in your network marketing business? If you don’t want your brain to turn to mush, stop watching TV.
“Poor people have a big TV. Rich people have big library.” ~ Jim Rohn
According to Corley, 67% of the wealthy people only watch an hour or less of TV on a daily basis – and only 6% of those watch reality TV. He says that 78% of poor people watch reality TV.
Watching excess amounts of TV is indulging in the number 1 mind-numbing activity which keeps people poor.
9. The Wealthy are NOT Big on Gambling
52% of poor people gamble with the hopes of winning big. The lottery and other forms of gambling are designed to make a profit… the odds are not in your favor.
Only 23% of wealthy people gamble… stop focusing on beating the system and focus on educating yourself for greatness.
10. The Wealthy WILL Make Daily Positive Choices
Making positive choices each and every day, no matter how small, can create healthy and good habits that will pay off in the long run. Simply stated… your choices, negative or positive, will be reflected in your results.
“74% of wealthy teach good daily success habits to their children vs. 1% of poor.” ~ Dave Ramsey
Closing Comments for The Habits of the Wealthy
We realize that there are situations for many of the poor that put them at a disadvantage in one way or another, and not everyone has the luxury or desire to pick themselves up.
Like anything else, we also realize that following a list to the letter can be a bit overwhelming, so take each of these time-proven tips into consideration, make the choices that you feel you can make work in your life, then own them.
There is no specific time table leading to wealth, but statistics state that following some simple rules can turn into positive habits, which can turn into positive results, which can lead you on a path to financial wealth.
Just know that if you follow the advice shared by the wealthy, that these success tips can get you one step closer to the lifestyle you desire and deserve.
There is a comment on Dave Ramsey’s blog which offers hope to all. Written “Poornomore”:
“I was born poor, raised in poverty and watched my parents die that way. I worked hard, eliminated my bad habits, started doing what the wealthy did. Mostly I stopped blaming others for my lack of wealth. Now I am wealthy, and help others who want to be helped.” ~ Dave Ramsey