The rich get richer. You’ve no doubt heard that soundbite many times. Is it true? The short answer is no. Still, those raised in wealthy households have a huge advantage over those raised in poverty. Advantages Better Education – Those raised in wealthy households generally live in wealthier neighbourhoods. These neighbourhoods typically have better school…
Is there one overriding secret to success? I’ve spent the better part of 16 years interviewing/studying rich people and poor people. As a result, I’ve accumulated an enormous amount of research data. I’ve shared a good amount of my research with tens of millions around the globe, thanks to my friends in the media and…
I’ve been at this Rich Habits thing for 17 years now. I’ve written extensively about the habits parents need to instil in their children for them to grow up to be happy and successful in life. An easy measure of success is money, so you can’t dance around the reality that realising success also means,…
Each one of the 233 millionaires in my five-year study of rich and poor people was lucky. Fifty-six (24%) were born into it and 177 (76%) created it. The type of luck those 24% received was random good luck. The type of luck those 76% received was self-made. Luck, whether random or self-made, is a common…
In my five-year study of the habits of the rich and poor, I discovered that luck plays a critical role in determining success or failure. In fact, 87% of the rich in my study admitted that good luck, or unexpected good consequences, made it possible for them to amass their enormous wealth. Conversely, 54% of…
Are you faced with a problem? Psychologist Rick Hanson, senior fellow of The Greater Good Science Center of UC, Berkeley has studied something called negativity bias for years. He found that our brains are all hardwired for negativity. Negativity Bias is the habit of focusing on worst-case scenarios when we are confronted with problems. Our…
“Our greatest glory is not in never falling, but in rising every time we fall.” -Confucius As children, we are programmed to believe that failure is bad. If you fail a test, it negatively impacts your grade for the course. Fail enough tests and teachers start calling parents. Parents then yell at their children to…
Successful people seem to be obsessed with success quotes. They love to throw them around wherever and whenever they can. Successful speakers love to use quotes as do successful authors. Success and quotes go together like beer and pretzels. So, I thought I’d share some of the quotes I’ve accumulated from interviewing self-made millionaires, from…
We’ve all heard about to-do lists. The best to-do lists incorporate daily activities that help move you forward in life towards accomplishing your goals and realizing your dreams. But you probably never heard of a to-don’t list. A to-don’t list is equally as important as a to-do list. A to-don’t list includes things you should never…
I was 24 when I took my first flight on a plane. Growing up poor didn’t give me much opportunity to travel. In fact, it wasn’t until I started my career as a CPA that I realized how much I had missed out on. At Arthur Anderson, I flew for the first time to Chicago….
