After I completed my Rich Habits Study, one thing became very clear – the rich, at some point during their success journey, get lucky. Luck was so critical to the success of many of the self-made millionaires in my study, that I felt it imperative to address it right out of the gate in my…
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
Bad habits impair your brain. You can tell when your habits are impairing you brain. This impairment manifests itself in bad choices, poor memory, lack of willpower, trouble sleeping, feeling lethargic during the day, uncontrolled anger, depression, poor health, and strained relationships. But, not to worry, I’m here to help. I’ve spent the past eleven…
There are a lot of people who dislike the rich. It’s human nature to eschew that which you don’t like, so, if you dislike the wealthy, you will likely eschew the pursuit of wealth. There are, however, a lot of other people who not only like the rich but aspire to become one of them….
Successful, wealthy people do not just suddenly become rich and successful. Success is a process that takes place over many years. Long before most wealthy people become wealthy, they make a habit of living below their means. The following is a list of ten spending habits I’ve uncovered during my five-year study of the rich and…
Why do we do the things that we do? What are the drivers behind our very existence? In 1943 American psychologist, Abraham Maslow threw a pebble in a pond by releasing his research paper titled A Theory of Human Motivation in Psychological Review. Commonly referred to as Maslow’s Hierarchy of Needs, his research paper theorized that there were five levels…
Many people love to eat sausage because it tastes so good. But, if you ever witnessed how sausage was made and the ingredients that went into it, you’d likely cringe. Most people feel the same way about success as they do about sausage – they want it. They’d like to be able to live in…
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…
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…
