Each one of the 233 millionaires in my five-year study of rich and poor people was lucky. Fifty-six (24%) were born into it and 177 (76%) created it. The type of luck those 24% received was random good luck. The type of luck those 76% received was self-made. Luck, whether random or self-made, is a common…
I’ve found that becoming wealthy is not a fluke. I spent five years studying the habits of 233 millionaires — 177 that were self-made — in order to find out how they spent their time from the moment they woke up in the morning, to the moment they put their head on the pillow. Based…
I love the Joe Rogan podcast because Rogan cuts through all of the noise with his straight talk and common sense logic. You can learn a lot just from listening to his podcast. Some of the things I’ve learned from the Rogan podcast align with much of my Rich Habits research. Here’s some of the…
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. Here’s some of the data: 44% of the wealthy worked 11 hours more each week than the non-rich. 86% of the wealthy who…
Choices and decisions can make or break a business, career or relationship. One or two bad decisions can and often are forgiven. But those who frequently make poor choices and decisions either go out of business or find themselves on the unemployment line. I’ve learned from my Rich Habits research that, more often than not,…
Those with a slight edge own the world. As I discovered from my Rich Habits research, those who possess some slight edge, some unique niche they’ve cultivated over many years, receive a premium for whatever product or service they sell. And that premium makes them rich. To me, this was a major revelation. It contradicts…
A lot of people think that success is an event. One magical, transformational event. She or he was an overnight success. We’ve all read crap like that in the media over and over again. For budding entrepreneurs out there, the expectation that you can become an overnight success plays havoc with their psyche when that…
One day Warren Buffet was sitting in the cockpit of his plane with his pilot, Mike Flint. They were having a conversation. Flint asked Buffet what it takes to succeed. Buffet shared with him the following 3 Step Strategy for Success: STEP #1 Top 25 Goals Buffet had Flint write down his top 25 Goals. STEP #2…
Why is there only a small percentage of rich people? Why are so many people poor? The experts are quick to point the finger of blame at a variety of causes: low wages, America’s shrinking manufacturing base, U.S. companies moving overseas, China stealing our jobs, illegal immigrants stealing our jobs, poor education, the rich exploiting…
When I embarked on my Rich Habits Study I was not content with identifying the Rich Habits of wealthy people. Success habits only get you halfway down the field. In order to get down the rest of the field and score, you also need to know what not to do. That is why I also…
