Ending This Poor Habit Will Make You a Multi-Millionaire

Slickdeals, an online couponing site, commissioned a survey of 2,000 American adults in an effort to better understand impulse purchases.

One startling find was that the average American engages in three impulse purchases a week. This impulse spending habit costs the consumer about $450 per month, $5,400 per year and $324,000 over their lifetime.Impulse Purchases

Now, let’s flip the switch on this. What if you were an average 25 year old who didn’t have this Impulse Spending Poor Habit and, instead, invested that $5,400 every year in something that grew at a rate of 6% a year?

After sixty years, that 25 year old would have $3,057,026.

Eliminating one Poor Habit, Impulse Spending, and adding one Rich Habit, Saving $5,400 a year, would make the average person a multi-millionaire over the course of their lifetime.

Habits are the reason your are rich or poor.

HabitsHabits are the reason you are lean or overweight.

Habits are the reason you are knowledgeable or ignorant.

Habits are the reason you are skilled or unskilled.

Habits are the reason you are healthy or unhealthy.

Habits are the reason you have an abundance of friends or very few friends.

Habits are the reason you live in a home by the beach, or a shanty in the inner city.

Habits matter. They determine the quality of your life.


Subscribe & don’t miss a single episode of Michael Yardney’s podcast

Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.

Need help listening to Michael Yardney’s podcast from your phone or tablet?

We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.


Prefer to subscribe via email?

Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.

Tom Corley


Tom is a CPA, CFP and heads one of the top financial firms in New Jersey. For 5 years, Tom observed and documented the daily activities of wealthy people and people living in poverty and his research he identified over 200 daily activities that separated the “haves” from the “have nots” which culminated in his #1 bestselling book, Rich Habits – The Daily Success Habits of Wealthy Individuals. Visit the website: www.richhabits.net

'Ending This Poor Habit Will Make You a Multi-Millionaire' have no comments

Be the first to comment this post!

Would you like to share your thoughts?

Your email address will not be published.


Copyright © Michael Yardney’s Property Investment Update Important Information
Content Marketing by GridConcepts