Want To Be Wealthy? Follow These Habits Of Rich People

December 14, 2016

If you want to be wealthy, you’re going to have to change your behavior. That’s a simple fact that you’re going to have to accept. If your current behavior was going to make you rich, it would have happened by now. It may also not be obvious what changes need to be made in your daily life to become wealthy. With that in mind, it makes sense to look at the habits of rich people and see what behaviors you could apply to your daily life.

Best selling author, Tom Corely, spent 5 years studying the habits of wealthy people vs poor people and wrote the book Rich Habits: The Daily Success Habits of Wealthy Individuals. Here are some of his findings:

Wealthy People Physically Take Care Of Themselves

The Facts

70% of wealthy people eat less than 300 calories of junk food per day vs 97% of poor people eat more than 300 calories of junk food per day
76% of wealthy do aerobic exercise 4 days or more each week vs 23% of poor people

Why It Matters

Taking care of the body not only improves physical appearance and improves self-image, but helps brain and body function more efficiently.

Wealthy People Are Constantly Improving Themselves

The Facts

63% of wealthy people listen to audio books vs 5% of poor people
88% of wealthy people read each day for education or career reasons vs 2% of poor people
79% of wealthy people consistently engage in network activities vs 16% of poor people
86% of wealthy people believe people should continuously engage in self-education vs 5% of poor people

Why it Matters

I once heard a speaker say that there is no standing still in life. If you’re not working to improve yourself, you’re falling behind. Wealthy people understand this and are constantly working to learn new skills, absorb information about new ideas and topics, or creating new connections that can help then now, or in the future.

Wealthy People Believe They Make Their Own Destiny

The Facts

84% of wealthy people believe good habits create opportunities vs 4% of poor people
76% of wealthy people believe bad habits take away opportunities vs 9% of poor people
23% of wealthy people gamble vs 52% of poor people

Why it Matters

If you believe that everything that happens to you is just blind luck, you will just go through the motions of life waiting for good things to rain on you. Wealthy people believe they reap what you sow. Hard work generates good fortune, which creates a driving force to do their very best.

Wealthy People Pass Along Their Knowledge

The Facts

74% of wealthy people teach their children the lessons they’ve learned on how to achieve success vs 1% of poor people
63% of wealthy parents make their children read non-fiction books vs. 3% of poor parents

Why It Matters

The children of wealthy people have a jump start on life not just because they grow up in monetary privilege, but also because they have information privilege. They don’t have to figure out or learn these lessons by trial and error. They start life with a wealth of knowledge of how to be successful already at their disposal.

Wealthy People Are Goal Driven

The Facts

81% of wealthy people have a to-do list vs 19% of poor people
67% of wealthy people write down their goals vs. 17% of poor people
80% of wealthy people focus on a single goal vs 12% of poor people

Why It Matters

Lists create a physical reminder of your goal. Writing things down also suggests that the list maker has thought about the subject at hand. If a person is constantly thinking about their goals, and has a physical reminder of them, they are much more likely to put forth effort to achieve them.

Wealthy People Understand The Value Of Time

The Facts

44% of wealthy people wake up early and are productive before going to work vs. 3% of poor people
6% of wealthy people watch reality TV vs. 78% of poor people
67% of wealthy people watch one hour or less of TV every day vs. 23% of poor people

Why It Matters

A person has a finite number of minutes each day, the wealthy use this time to work towards improving themselves or their lives, not engaging in useless activities that provide no tangible result.

You will not automatically become wealthy if you develop every one of these habits of rich people. There’s obviously more to it than that. But it does give you a glimpse into the every day mindset of wealthy people. Emulating these habits of rich people may result in making slightly different choices which could lead to opportunities and results that can lead you down the path of becoming wealthy yourself.

Adopting these habits of wealthy people could have other effects on your life as well. Inky Johnson, one of my favorite motivational speakers, says that the process is more important than the product. Phrasing it slightly differently, knowing the blueprint of how to be successful is more important than achieving a single goal. If you fall short of achieving a single goal, but understand the process, you can apply it to other aspects of your life to achieve any other goal.

These behaviors may not be simply the habits or wealthy people. To be more accurate, they may be the habits of successful people. By making them your own, you may enable yourself to achieve success in every aspect of your life!

How many of these habits are already part of your everyday lifestyle?

For other ways to have a rich life, or ways not to live a poor life then read these.

Five Things To Stop Wasting Money On In Your Home
The 5 Biggest Wastes of Time and Money
What are my hobbies? Where do I spend my “disposable income”?