Those who struggle with poverty, while growing up, see the world as a very different place from 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…
Most of us do as we are told. This habit forms early in life. Our parents, for our own good, make us do things we don’t want to do: wake up early for school, eat broccoli, do homework, do house chores, etc. Doing what we are told is conditioned into us from the very beginning….
Only 4% of those raised in poverty become self-made millionaires. Sadly, I could share all of the Rich Habits, success tips, wealth advice, health research, etc. with everyone in the world and still only a small percentage would take action. Why are so few willing to take action and change their lives? Because change is…
From White Lotus to Succession, there’s a high demand for television dramas about the super-rich. The characters on these shows are typically portrayed as entitled, hollow and sad. But they aren’t necessarily depicted as unintelligent. So are rich people rich because they are smart? In the middle of a cost-of-living crisis, this question goes beyond…
Your daily habits are the reason you are rich, poor or stuck in the middle class. They are the reason you live in the house of your dreams or a shack. 40% of all of your daily activities are habits This means that 40% of the time you’re on autopilot, every day. Habits save brain…
We all know that money can’t buy happiness. If you’re unhappy before you make a lot of money then extra cash isn’t going to suddenly change your outlook on life. I have written in the past about people who win the Lotto and the fact that many of them end up losing their fortune. They’re…
One day Mr Shoaff said, “Jim if you want to be wealthy and happy, learn this lesson well: Learn to work harder on yourself than you do on your job.” Since that time I’ve been working on my own personal development. And I must admit that this has been the most challenging assignment of all. This…
Let’s have a chat about Aussies and their savings habits. It’s a topic that often comes up, especially when we’re thinking about financial security and future planning. Average savings across the board On average, Australians have about $37,408 tucked away in their savings accounts. However, this figure can be a bit misleading due to the…
The goal for most investors is to accumulate enough wealth so their investment assets generate sufficient passive income to meet living expenses. If this happens, it is no longer necessary for you to work for an income and you then have complete discretion over what you do with your time. Wouldn’t that be wonderful! However,…
Women are set to be the primary beneficiaries of Australia’s intergenerational wealth transfer, claiming about 65% of nearly $5 trillion by 2034, a groundbreaking report by JBWere published in the AFR reveals. This shift is fueled by factors such as longevity—women generally outlive men—and evolving divorce outcomes. Additionally, the ‘older daughter effect’ plays a significant role,…
