Sometimes rich people stop being rich. Things can go wrong. Sometimes those things that go wrong are outside the control of the wealthy (i.e. random bad luck) but more often than not they are things that are completely within their control. As a CPA, I’ve been advising wealthy individuals in money matters for more than…
Articles by Tom Corley
Tom is a CPA, CFP and heads one of the top financial firms in New Jersey. For 5 years, Tom observed and documented the daily activities of wealthy people and people living in poverty and his research he identified over 200 daily activities that separated the “haves” from the “have nots” which culminated in his #1 bestselling book, Rich Habits – The Daily Success Habits of Wealthy Individuals. Visit the website: www.richhabits.net
One of the things that stood out from my Rich Habits Study was how important thinking was to self-made millionaires. I tracked 10 different types of thinking habits these millionaires engaged in frequently, if not daily. From my research, it was so evident that thinking was fundamental to their success that I decided it needed…
Your Habits Create Luck Random luck, good or bad, is fairly democratic. It visits rich and poor alike. But did you know you can intentionally create your own good luck and minimize bad luck? The creation of good luck requires the consistent application of good habits over a long period of time. One common theme…
According to researchers from the University of Illinois, the more sleep a person gets, the more optimistic they are about life. Why is optimism, and thus sleep, so important? Reason #1 Optimists Are More Successful. Martin Seligman was a Psychologist at the University of Pennsylvania. In the mid-1980’s, he created a Style Questionnaire that MetLife’s…
Human beings are simply amazing. They are the only species on earth who have the innate ability to convert outlandish thoughts into reality. We see a beautiful woman, and paint the Mona Lisa. We see a bay, and we build a bridge to cross that bay. We see birds fly, and build airplanes, so humans…
Parents serve a very important, basic function in society – they turn children into functioning adults. This is a critical function because without it, society would fall into utter chaos. But if you want more for your children, you must become more to your children, than a parent. You must become a success mentor. About…
In my Rich Habits Study, I had the fortunate opportunity to peer into the lives of 128 individuals who struggled financially in life. My goal was to figure out the underlying causes of their financial struggles. I learned many things. For instance, I learned that those who struggled financially had habits that, in many instances,…
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…
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,…
Adversity pushes you, challenges you, tests you. It can make you better, sharper, stronger, more resilient and bursting with confidence. Or, it can break you. Adversity stops the vast majority of people in their tracks. This is because adversity tests your commitment and your desire to succeed. It pushes you to the very limits of…
