In my Rich Habits Study, I had the fortunate opportunity to peer into the lives of 128 individuals who struggled financially in life. My goal was to figure out the underlying causes of their financial struggles. I learned many things. For instance, I learned that those who struggled financially had habits that, in many instances,…
Becoming a successful entrepreneur is not easy. I spent five years studying 177 self-made millionaires Rich Habits Study – Background on Methodology and I have to say, they are among the most courageous, fearless individuals I have ever met. They put everything on the line. They took enormous risks in the pursuit of their dreams. Success…
In my Rich Habits Study, 51% of the self-made millionaires were entrepreneurs, meaning they made their wealth by starting and running their own companies. Thanks to my Study, I not only learned what the rich did to get rich, but I also learned about all of their mistakes. And there were a lot of mistakes….
Even though we did not have much money growing up, my Dad always made sure our freezer was stocked with different types of ice cream: vanilla, chocolate, butter pecan, coffee, and a few others. What I found interesting was that my Dad would not pick one ice cream to put in a saucer. He’d have…
One of the #1 traits shared by the self-made millionaires in my Rich Habits study was a positive mental outlook. The average net worth of those millionaires was $4 million. So, being positive is worth quite a bit of money. But what is a positive mental outlook? It is an upbeat lens through which you…
During my five years studying the rich and the poor I identified 10 hard truths about the wealth gap that no politician or member of the mainstream media would dare reveal. In those five years, I asked 361 rich and poor people 144 questions each. That’s 51,984 questions. I wanted to find out what each…
When I travel the country speaking to high school and college students about exactly what they need to do to become financially successful in life, I like to begin my presentation by asking the same three questions: “How many want to be financially successful in life?” “How many think they will be financially successful in…
When I travel the country speaking to high school and college students about exactly what they need to do to become financially successful in life I always begin my presentation by asking three questions: “How many want to be financially successful in life?” “How many think they will be financially successful in life?” Almost every…
Hardly anyone thinks about their legacy – the impact of the life they leave behind. We really only give it some thought when we read an obituary of someone we know. In May of 2000, I read an obituary about a friend’s father that left me in awe of the man. There were numerous non-profit…
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…
