Charles Koch is a multi-billionaire. Charles and his brother David took over their father’s business and transformed it into the largest privately held company in the world. He was recently asked in a Time Magazine interview about what he attributes his enormous success in life to. Charles responded that if it were not for…
Use it or lose it applies to intelligence. The more you use your brain, the more brain mass you create. More mass = greater intelligence. Brain density is measured by the number of synapses (connections between neurons), the birth of the myelin sheath surrounding each axon (the axon is how brain cells send signals) and…
Building wealth isn’t always easy. It can be very hard, depending on the path you choose. I learned from my Rich Habits Study that there are four very different paths towards accumulating wealth. Some paths are harder than others: Hardest Path to Building Wealth – The Dreamer/Entrepreneur Path Pursuing a dream can be the most…
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…
Since 2004, I’ve been studying rich people and poor people. In my Rich Habits Study, over the course of two years, I asked 144 questions to 233 millionaires in order to find out what it takes to live a happy, healthy and wealthy life. While it’s important to know what to do, it’s also important…
When most think about habits, they invariably think of habits as something they are engaging in unconsciously. While that is very true, what is also true, is that choosing not to do something you should be doing is also a habit. Doing nothing is also a habit – or a Do-Nothing Habit: Not reading to…
Find a problem, solve it and then monetise it. If you want to become successful you need to think like a self-made millionaire and that’s how they think. They see obstacles and figure out ways around those obstacles. People will pay for solutions to every day problems. Nicolai Tesla The burgeoning electric revolution had…
You wake up in the morning, meandor into the kitchen, see the coffee maker and you make coffee. You finish eating dinner, you see the TV, you pour yourself a glass of wine, beer or some alcoholic beverage and begin watching TV. During your commute to work, you notice the yellow McDonald arches, you pull…
Those who struggle with poverty, while growing up, see the world as a very different place than those raised in the middle-class or in wealthy households. In my Rich Habits Study, 41% of the 177 self-made millionaires were raised in poor households. Yet, somehow they managed to break out of their poverty as adults. Ironically, according…
