Rich Habits, Poor Habits Episdoe 3 | Do the rich work more or less than the poor?

Believe it or not – the more you work the richer you become

In Tom Corley’s 5 year Rich Habits research he discovered that 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 those who were poor.

Here’s some of the data from Tom’s Study:

  • 44% of the wealthy worked 11 hours more each week than the poor. 18341166_l
  • 86% of the wealthy who had full time jobs worked 50 hours or more each week, whereas 57% of the poor who had full-time jobs worked less than 50 hours each week.
  • 88% of the wealthy took fewer sick days than the poor.
  • 79% of the wealthy, on top of their robust work hours, networked 5 or more hours each month. 55% of this networking was done during their lunch hour.
  • 65% of the wealthy were working so many hours, in part, because they had 3 sources of income to manage.
  • 45% had 4 sources of income. Only 6% of the poor had more than one source of income.
  • 67% of the wealthy watched less than an hour of T.V. a day, whereas 77% of the poor watched more than an hour of T.V. a day.
  • 63% of the wealthy spent less than an hour a day on the Internet whereas 74% of the poor spent more than an hour a day on the Internet.

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Michael is a director of Metropole Property Strategists who create wealth for their clients through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit

'Rich Habits, Poor Habits Episdoe 3 | Do the rich work more or less than the poor?' have 4 comments

  1. Avatar for Property Update

    July 30, 2016 @ 10:13 pm Hiram Beer

    Awesome content with Tom Corely. The re-enforcing of effort for little or no return in the beginning and the light switch finally coming on is reassuring. Great series.


    • Avatar for Property Update

      July 31, 2016 @ 12:35 am Michael Yardney

      Thanks for the kind words. This will now be a regular weekly series.


  2. Avatar for Property Update

    July 31, 2016 @ 11:58 am Jean-philippe

    Thanks to bring back to us some ´good sense ´ stuff.
    So many things we already know, but we choose to ignore.
    After years of analysing failure and success, I understood that there is always two roads in front of you : a easy way and a hardworking and painful way. The first is always a dead-end. What do you think about it ?
    Best regards


    • Avatar for Property Update

      July 31, 2016 @ 2:03 pm Michael Yardney

      You’re right Jean-phillippe
      There is no shortcut to success


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