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How Do Rich People Spend Their Time?

Rich or poor, we are all blessed with the same amount of time every day.

Life does not discriminate with us when it comes to how much time it gives us in a day, but what isn’t equal is what we choose to do with the time given us.

Thomas Corley spent 5 years studying America’s wealthiest people and then wrote a best selling book Rich Habits – The Daily Success Habits of Wealthy Individuals.

He made some interesting observations about how the wealthy spend their time.

Here’s what he had to say in his Rich Habits blog:

Breakdown of the 1,440 minutes of the average wealthy person during a weekday:

  • 30 minutes engaged in reading for self-education for work or to help pursue a long-term goal, dream or major purpose.
  • 30 minutes engaged in aerobic exercise.
  • 15 minutes planning their day.
  • 60 minutes dedicated specifically to pursuing a long-term goal, dream or major purpose.
  • 70 minutes making phone calls, emailing, skypeing, etc.
  • 420 minutes sleeping.
  • 40 minutes networking, volunteering, relationship building.
  • 540 minutes working.
  • 75 minutes traveling for work.
  • 75 minutes eating.
  • 30 minutes dressing, bathing, etc.
  • 10 minutes meditating.
  • 45 minutes dedicated to family, errands, recreation, cooking, home, miscellaneous.

The average weekday of the wealthy begins at 4:45 am..

Or approximately three hours before arriving at work.sleep

Of course, not every weekday is the same and not every wealthy, successful person is the same in terms of how they spend their time during the weekday.

This is an average based upon the data I gathered on the daily activities of the wealthy. Some spent more or less time at work, self-education, pursuing goals, with family etc.

Nonetheless, it allows us to pull the curtain back on the wealthy. It gives us a glimpse into their daily lives.

The average weekend day of the wealthy begins at 6am.

The wealthy dedicate their weekend time predominantly to family, recreation, work, exercise, goals/dreams, self-education, networking and volunteering.

The bulk of their weekend time is devoted primarily to four categories: family, recreation, pursuing a long-term goal, dream, or major purpose and volunteering.



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About

Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit Metropole.com.au


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