Since 2004, I’ve been immersed in studying what to do and what not to do in order to become wealthy and avoid poverty. Thanks to my Rich Habits Study and my ongoing Rich Habits research, I’ve learned an enormous amount about what it takes to become wealthy. Here are the most important things I’ve learned about building wealth:…
The average individual performs far below their abilities. They do what they have to do to survive; to get by. They avoid taking risks that could disrupt their lives. True success is the byproduct of unleashing your innate abilities; exposing them to the light of day for all to see. But this requires risk. That…
Have you ever wondered what the most common major problems are in life? I have. I spent the past 12 years studying the rich and the poor (Rich Habits Study) and found that there were 12 frequent big problems almost everyone has to contend with: Health Problems Financial Problems Family Problems Neighbour Problems Home Ownership…
Most people don’t like to talk about money – they don’t like to talk about it with their spouses. They don’t like to talk about it with their kids and they don’t like to talk about it with their friends. Why is that? There are two driving factors that make money a taboo topic: #1…
What do wealthy people do to become wealthy?” The answer is – “They create their own good luck”. But how can you create good luck? Before I answer that question we need to understand luck. There are four types of luck: Random Good Luck Random Bad Luck Opportunity Good Luck and Detrimental Bad Luck Random…
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,…
