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 five-year Rich Habits Study, I interviewed 177 self-made millionaires. I am often asked by the media how they got rich. Essentially, my self-made millionaires fell into three distinct groups: The Savers The first group of self-made millionaires in my study saved their way to wealth. These Savers accumulated their wealth by living below…
“I’m convinced that about half of what separates the successful entrepreneurs from the non-successful ones is perseverance.” Steve Jobs You hear a lot about perseverance when the topic of success pops up. Steve Jobs, Thomas Edison, Elon Musk, Richard Branson, Oprah Winfrey, Henry Ford, Arnold Schwarzenegger and many other rich, successful people seem to possess…
“You are the average of the five people you spend the most time with.” – Jim Rohn Over the course of the average month, there are 720 hours. If you sleep seven hours a day, like most, that’s 210 hours, leaving you 510 hours. Out of that 510 hours, who do you spend the most…
“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…
Do you know where you will be in five years? What will your life be like, five years from today? What would you like your life to look like five years from today? If you don’t know where you are going, the path to take really doesn’t matter. In my research of the rich and…
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…
It is a fact that how you present yourself to others impacts their perception of you. If that perception is a negative one, it’s like you’re slamming the door in your own face. Millionaires don’t want to do business with those they perceive in a negative light. As I discovered in my study of self-made millionaires,…
I spent five years researching the daily habits and lessons that self-made millionaires learned from their non-millionaire parents. I share all of these habits and lessons in my book Rich Kids but thought I’d share with you ten of the most important ones: Success Habit #1 – Continuous Self Education 30 minutes a day of reading…
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%…
There are certain habits that help you to respond positively and constructively to negative life events. These Response Habits get you back on track and enable you to respond to those negative life events in a way that alters the trajectory of your life forever: Self-Improvement Response — When a wrench takes you off track, that…
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