Rich Kids Get Better Grades At School – RHI Study

Based on a recent Rich Habits Institute study, 62% of children raised in a wealthy household were above average students.

Compare this to poorer households, where only 26% had above average students.

It gets even worse.

Sadly, 74% of children raised in a poor household had grades below a B and 34% had grades below a C.


Wealthy, successful parents teach their children certain success habits that give their children an edge in life. child kid counting money learn

These Rich Habits, which give them this edge in life, begins to manifest itself in the classroom and continues into the workplace, where such children become working adults who receive higher pay, bigger raises and larger bonuses during their working career.

As a consequence, they accumulate more wealth in life.

Children of wealthy, successful parents pass along these Rich Habits to their own children.

And so, the rich get richer.

The Poverty Habits they learn from their parents puts them behind the eight ball and this begins to manifest itself in the classroom and then continues into the workplace, where such children become working adults who receive lower pay, smaller wage increases and few, if any, bonuses.

Poor children never get the education in these Rich Habits at home and, in fact, learn specific habits that hold them back in life.

They eke out a living, living paycheck to paycheck, and accumulate more debt than wealth during their lives.  


Children born into poor households pass along to their own children these Poverty Habits.

And so, the poor get poorer.

Politicians, pandering for votes from the poor and middle class, rail against the wealthy and this growing wealth gap without actually understanding the root cause.

Instead of focusing their blame on poor parents for teaching Poverty Habits to their children, they shift the focus to income redistribution or increased spending as a solution.

Because they are not offering the correct solution, despite all their legislative efforts, the wealth gap continues to grow and the poverty rate never goes down.

What is the solution to the wealth gap and income inequality?

Children living in poor or middle class households must learn the Rich Habits

mind set rich money lesson think motivational learn teach moneyThese Rich Habits will help them get ahead in life.

They must also learn about Poverty Habits.

Poverty Habits hold them back in life, keeping them poor.

Ideally this education should be the responsibility of parents, but in the absence of home mentoring, the education system must step in.

Learning what to do and what not to do is the solution to income inequality and the wealth gap.

Think of life as a seesaw

On one side of the seesaw are Rich Habits and on the other side are Poverty Habits.

If you have more Rich Habits than Poverty Habits your seesaw tips in the direction of wealth.

Conversely, more Poverty Habits tip the seesaw in the direction of poverty.

So what should poor parents be teaching their kids?

      • Reading for self-improvement 30 minutes each day
      • Exercising aerobically 30 minutes each day
      • Saving 20% or more of all monetary gifts or income received
      • Limiting junk food calories to 300 per day. Eating junk food is a poverty habit
      • Goal education – Setting and pursuing goals and understanding that a wish is not a goal.
        A goal is only a goal when it has 100% achievability and some physical actioneducation-money learn book read
      • Limiting T.V. and Internet use to 1 hour per day. T.V. and recreational Internet use are Poverty Habits
      • Volunteering 10 hours or more a month
      • Working 10 hours or more a month
      • Never gossip. Gossiping is a Poverty Habit
      • Calling people on their birthday
      • Calling people for life events(births, weddings, death in family etc.)
      • Never losing your temper. Anger is a Poverty Habit
      • Sending thank you cards
      • Not allowing every thought that enters your head to come out of your mouth. Saying what’s on your mind all the time is a Poverty Habit.
      • Thinking positive thoughts and avoiding all negative thoughts
      • Believing that you can be whatever you want to be and have whatever you want to have in life
      • Being grateful. Never envy. Envy is a Poverty Habit. We need to teach children to give thanks to at least one thing in their lives every day

In the study 93% of the wealthy who had mentors in life attributed the accumulation of their wealth to one or more mentors.

Parents are the best shot any of us have at having a mentor in life

If we want our children to grow up to become successful in life, it starts with parents teaching the Rich Habits.

Where parents fail to teach these Rich Habits, schools must step in as surrogate mentors.

Success is a process. Failure is a process.

Which process our children follow is the responsibility of parents or our education system and will dictate the direction in which their seesaw of life will tip.


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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:

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