Those struggling with poverty share some common traits. I call them the Poor Habits. I’ve written extensively about these Poor Habits. But, Poor Habits alone only tell part of the story. There are certain Pillars of Poverty that make poverty possible. Some are self-imposed, others external. In their order of relevance, below are the Pillars…
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
In my Rich Habits Study, I tracked over 300 activities/habits that separated the rich from the poor. Individually, most Poor Habits do not have a significant impact on your financial circumstance. However, some Poor Habits do have a more profound impact on your life. Below are a few of the most destructive Poor Habits: Poor…
Richard Branson was not a good student. He struggled with ADD and dropped out of Stowe School, a very prestigious, private boarding school in England, in order to pursue his dream of publishing his own magazine, which eventually grew into a mail-order record business, known as Virgin Records. Today, Virgin Group encompasses 400 businesses around the…
Are there differences in the money behaviours of men and women? As many of you who follow me know, I’ve spent the past 12 years researching habits. Why? Because 40% of all of your daily behaviours and thinking are habits. Forty percent of the time you are on autopilot. And habits, I learned, are the…
If you occasionally stress over money, you’re not alone. Only 51 percent of Americans said they were financially secure, according to the March 2015 Pew Survey of American Family Finances. Fifty-five percent of respondents reported either breaking even or spending more than they make each month, and 33 percent indicated they had zero savings….
When I travel the country speaking to high school and college students about exactly what they need to do to become financially successful in life, I like to begin my presentation by asking the same three questions: “How many want to be financially successful in life?” “How many think they will be financially successful in…
Forty-one percent of the 177 self-made millionaires in my Rich Habits research study were raised in poor households. Yet, somehow they managed to break out of their poverty as adults. How? In my book, Change Your Habits Change Your Life, I shared the many wealth-building strategies/habits these future millionaires adopted, which was critical to their success and…
“Five percent of the people think; ten percent of the people think they think; and the other eighty-five percent would rather die than think.” — Thomas Edison One of the things that stood out from my Rich Habits Study was how important thinking was to self-made millionaires. I tracked ten different types of thinking habits…
I just finished reading a recent article complaining about the rich. The author was upset at the fact that 1% controlled 82% of the wealth in the world. In the author’s mind, there was something inherently unfair about this. The author, like many who are not in the 1%, felt that the wealth the 1% created…
Those struggling with poverty share some common traits. I call them the Poor Habits. I’ve written extensively about these Poor Habits. But, Poor Habits alone only tell part of the story. There are certain Pillars of Poverty that make poverty possible. Some are self-imposed, others external. In their order of relevance, below are the Pillars…
