Join Tom Corley & Michael Yardney on their journey to understand the mindset of the rich & successfull.
The most significant take away from the book How to Win Friends and Influence People was the insight that we are consumed with ourselves. If you want to win new friends and influence others, focus on their needs, wants and their lives. In my Rich Habits study this doctrine of me, me, me played out…
Your money habits can make you rich or put you in the poor house. According to a recent study by Brown University, in which nearly 50,000 families were surveyed, most of the habits we pick up in life come from our parents. This includes money habits. If your parents had bad money habits, it is likely…
Millionaires have certain ritual behaviors that put them on the path towards success. What are some of those behaviors? Millionaires Take Care of Their Bodies: 76% engaged in 20 – 30 minutes of cardio, four or more days a week. That’s running, jogging, brisk walking, biking, swimming, etc. It doesn’t cost any money to run,…
Being rich is really about two things: Accumulating Wealth and Keeping the Wealth You’ve Accumulated When you study rich people like I have, particularly the self-made rich, you hear a lot of very inspirational stories about how ordinary individuals accumulated their wealth. It’s clear to me that the worse the circumstances, the more important…
Your brain takes in 11 million bits of information per second. Unfortunately, the brain can only process 40 bits of information per second. Which 40 bits does it choose to accept? The answer to that question dictates the type of life you create. Will that 40 bits be negative information or positive information? Will it…
We all have habits we are unaware of. Sometimes these habits are good and sometimes they are bad. One bad habit that 90% of the poor people in my study had was not taking responsibility for the circumstance of their lives. In short, they blamed everyone but themselves for their financial circumstances. There are plenty…
When Tom Corley travels the country speaking to high school and college students about exactly what they need to do to become financially successful in life he always begins his 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…
Why is it that some people live successful lives, contributing to the betterment of society while others live failed lives and become a drain on society? One of the fancy terms economists like to toss around is inter-generational poverty. A few other related terms are low economic mobility, the wealth gap and income inequality. They…
What if I told you that being selfish is a success trait? It might piss you off to hear a comment like that, right? But what if I reworded it and said something like this: The path towards success requires the pursuit of dreams and goals that add value to the lives of other. Now that…
There’s a misconception that being naive is a trait – something you are just born with. Not so. The fact is, naiveté is a habit. And a very bad one. According to my research, 27% of self-made millionaires in my study failed at least once. They had to pick themselves up from the financial gutter…
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