I recently got the chance to re-read Thomas Corley’s book, Rich Habits – The Daily Success Habits of Wealthy Individuals and it was interesting to see how rich people cultivate certain habits that drive their success. This "rich habits" book really opened my mind to the daily success habits of wealthy individuals.
I wanted to know more, so I did some digging and found out that Corley spent over 5 years studying the differences between the rich and poor, including how they live, work, eat, exercise and so on. For the purposes of his study, “rich” is defined as having at least $160K in yearly income and $3.2 million in assets. “Poor” is defined as $30K in yearly income with at least $5K in assets. He found that rich people have different habits than poor people.
Here’s what he found (via Corley’s richhabitsinstitute.com and Dave Ramsey):
- 70% of wealthy eat less than 300 junk food calories per day. 97% of poor people eat more than 300 junk food calories per day. 23% of wealthy gamble. 52% of poor people gamble.
- 80% of wealthy are focused on accomplishing some single goal. Only 12% of the poor do this.
- 76% of wealthy exercise aerobically four days a week. 23% of poor do this.
- 63% of wealthy listen to audio books during commute to work vs. 5% of poor people.
- 81% of wealthy maintain a to-do list vs. 19% of poor.
- 63% of wealthy parents make their children read two or more non-fiction books a month vs. 3% of poor.
- 70% of wealthy parents make their children volunteer 10 hours or more a month vs. 3% of poor.
- 80% of wealthy make Happy Birthday calls vs. 11% of poor.
- 67% of wealthy write down their goals vs. 17% of poor.
- 88% of wealthy read 30 minutes or more each day for education or career reasons vs. 2% of poor.
- 6% of wealthy say what’s on their mind vs. 69% of poor.
- 79% of wealthy network five hours or more each month vs. 16% of poor.
- 67% of wealthy watch one hour or less of TV every day vs. 23% of poor.
- 6% of wealthy watch reality TV vs. 78% of poor.
- 44% of wealthy wake up three hours before work starts vs. 3% of poor.
- 74% of wealthy teach good daily success habits to their children vs. 1% of poor.
- 84% of wealthy believe good habits create opportunity luck vs. 4% of poor.
- 76% of wealthy believe bad habits create detrimental luck vs. 9% of poor.
- 86% of wealthy believe in lifelong educational self-improvement vs. 5% of poor.
- 86% of wealthy love to read vs. 26% of poor.
Pretty interesting stuff – how do you stack up with these daily habits?