Are rich people just good with money or is there something a little deeper underpinning their success? Most people would agree that certain lifestyle choices and daily habits are as valuable in the quest for wealth as a sound understanding of finances.
What happened was, 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 helpfully condensed Corley’s ideas into a 20-point list of his own.
For your sake, we’ve boiled this thing down even further.
1. Eat Right. Corley undertook his own research on the habits of rich people and poor people – by interviewing real people – and he found that 70 percent of wealthy people eat less than 300 junk food calories each day. By contrast, 97 percent of poor people eat more than 300 junk food calories per day.
2. Keep Your Cards Close To Your Chest. Only fools disclose what’s really on their mind. Are you the sort of person who blurts out every thought on their mind? Stop it. It’s not making you seem bold or cool or visionary or anything, but is in fact labelling you as dangerous, potentially treasonous and definitely not the sort of person who will earn promotions. Corley found that 11.6 percent of wealthy people say what’s on their mind, compared to a whopping 69 percent of poor people.
3. Set Goals. 80 percent of wealthy people are focused on accomplishing some single goal, compared to just 12 percent of poor people. And wealthy people are four times as likely to write down their goals as poor people.
4. Keep Fit. Well, you know what they say about healthy body, healthy mind. According to our American friends, 76 percent of wealthy people exercise aerobically at least four days a week. Only 23 percent of poor people do this.
5. Be Organised. It’s almost too simple to be true, but 81 percent of wealthy people keep a to-do list. Just 19 percent of poor people do this. Want a good tip? Try an old-fashioned bit of paper. Crossing stuff off with a pen just feels good.
6. Read. Interestingly, the authors also found that wealthy people tend to read to their kids way more than poor people do. A massive 88 percent of wealthy people read material which relates to their education or career for at least 30 minutes each day, while just 2 percent of poor people do likewise.
7. Ring Grandma. Corley found that 80 percent of rich people make Happy Birthday calls compared to just 11 percent of poor people. And while we’re not suggesting that ringing Grandma will make you rich, this stat just proves the old adage: ‘if you want something done, give it to a busy person’.
8. Don’t Watch Big Brother. We all know that watching reality TV will turn your brain to eggplant or possibly mashed zucchini. Either way, you are indulging in the number one activity which keeps nobodies from becoming somebodies. Corley found that 67 percent of wealthy people watch an hour or less of TV each day – and that just 6 percent watch reality TV. Yes, just 6 per cent, compared to 78 percent of poor people.
9. Don’t Punt. Only 23 percent of wealthy people gamble, compared to 52 percent of poor people. Bear in mind these stats pertain to Americans, so the number of gamblers is likely to be higher here in Asia.