ARE rich people just good with money or is there something a little deeper underpinning their success?
Most people would agree that certain lifestyle choices and daily
habits are as valuable in the quest for wealth as a sound understanding
of finances.
On the flipside, there's a bunch of stuff you should never, ever do if financial security is one of your main goals.
Two American wealth gurus have combined these two ideas into an excellent list .
What happened was, wealth guru Tom Corley wrote a list of 10 rich
habits that will make you rich, followed by 18 poverty habits that are
keeping you poor.
Then along came another wealth guru, Dave Ramsey, who helpfully condensed Corley's ideas into a 20-point list of his own.
For your sake, we've boiled this thing down even further. Here are 10
things which rich people do and poor people don't. And as we've already
said, these things have nothing to do with money.
1. EAT RIGHT
Corley undertook his own research on the habits of rich people and
poor people - by interviewing real people - and he found that 70 per
cent of wealthy people eat less than 300 junk food calories each day. By
contrast, 97 per cent of poor people eat more than 300 junk food
calories per day.
2. KEEP YOUR CARDS CLOSE TO YOUR CHEST
Are you the sort of person who blurts out every thought on their
mind? Stop it. It's not making you seem bold or cool or visionary or
anything, but is in fact labelling you as dangerous, potentially
treasonous and definitely not the sort of person who will ear
promotions. Corley found that 11.6 per cent of wealthy people say what's
on their mind, compared to a whopping 69 per cent of poor people.
3. SET GOALS
Eighty per cent of wealthy people are focused on accomplishing some
single goal, compared to just 12 per cent of poor people. And wealthy
people are four times as likely to write down their goals as poor
people. Corley has some great stuff on his blog about the difference
between a wish and a goal.
4. KEEP FIT
Well, you know what they say about healthy body, healthy mind.
According to our American friends, 76 per cent of wealthy people
exercise aerobically at least four days a week. Only 23 per cent of poor
people do this.
5. BE ORGANISED
It's almost too simple to be true, but 81 per cent of wealthy people
keep a to-do list. Just 19 per cent of poor people do this. Want a good
tip? Try an old-fashioned bit of paper. Crossing stuff off with a pen
just feels good.
6. READ
A massive 88 per cent of wealthy people read material which relates
to their education or career for at least 30 minutes each day, while
just 2 per cent of poor people do likewise. Want to swim in an Olympic
Pool of $100 bills? Then stop playing Angry Birds and pick up a book.
7. RING GRANDMA
Corley found that 80 of rich people make Happy Birthday calls
compared to just 11 per cent of poor people. And while we're not
suggesting that ringing Grandma will MAKE you rich, this stat does speak
to the old adage: "if you want something done, give it to a busy
person".
8. DON'T WATCH BIG BROTHER
We all know that watching reality TV will turn your brain to eggplant
or possibly mashed zucchini. Either way, you are indulging in the
number one activity which keeps nobodies from becoming somebodies.
Corley found that 67 per cent of wealthy people watch an hour or less of
TV each day - and that just 6 per cent watch reality TV. Yes, just 6
per cent, compared to 78 per cent of poor people.
9. DON'T PUNT
Only 23 per cent of wealthy people gamble, compared to 52 per cent of
poor people. Bear in mind these stats pertain to Americans, so the
number of gamblers is likely significantly higher here in Australia.
10. RUN YOUR OWN RACE
The advice to run your own race isn't contained anywhere in the
material published by the American wealth guys this week. But the irony
of lists like these is that you'll never get anywhere in life if you
follow everything word for word. Take the bits that apply to you, but
remember to be a little flexible and do things your way.
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