In my ongoing Rich Habits research, I have the fortunate opportunity to peer into the lives of the rich and poor. Thanks to my research, I’ve learned that there are fifteen factors that make it hard for people to hold onto their money or build wealth: Pretender Syndrome Ego-driven purchases are intended to create the perception…
5 years of studying rich people taught me they have a set of unwavering beliefs that the rest of us don’t Beliefs represent the acceptance of something without any proof to back up what we accept as fact. They are inherited unconscious programming. In my five-year Rich Habits study of 233 rich people and 128…
Researchers at Vrije Universiteit Amsterdam in the Netherlands published a paper that, for the first time, linked genetics to happiness. In the study of nearly 300,000 people, the researchers, led by Meike Bartels, found that there was a direct link between genes and happiness. This is a groundbreaking study. For the first time, researchers were…
There are two groups of poor people. The first group is individuals who simply do not make enough money to meet their needs. The second group is individuals whose income exceeds their needs but who, nonetheless, spend more than they make. According to Census Bureau data, there are approximately 46 million poor people who cannot…
Human beings crave certainty. When the circumstances of our lives are uncertain, we become filled with anxiety and worry. Uncertainty, for as long as it lasts, creates something called chronic stress. Chronic stress causes the body to convert cholesterol into Cortisol. While in the system, Cortisol weakens the immune system by interfering with the production…
Beliefs are emotionally derived from unconscious programming. They are created from positive or negative feedback received from an influencer – someone you respect, admire or love. “Tom’s a great tennis player”, Tom’s no good at math”, “Tom is clumsy”, and “If Tom’s head wasn’t attached to his neck he’d forget it somewhere”. That last line…
“You don’t succeed because you have no weaknesses. You succeed because you find your unique strengths and focus on developing habits around them.” Tim Ferriss Even the most gifted, talented and successful individuals are swimming in flaws. JFK, Tiger Woods and Arnold Schwarzenegger were womanizers. Edgar Allan Poe and Stephen King, iconic writers, were consumed…
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…
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…
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,…
