Rich Habits… Do You Have Them?

In Behavioral Finance, Philosophy by Landmark Financial Advisors, LLC0 Comments

We hope you enjoy these success habits.  Your daily behavior does determine your economic outcome.

  1. Early Bird – 44% of wealthy wake up at least three hours before work starts vs. 3% of poor.
  2. Goal Setting – 80% of wealthy people are focused on accomplishing some single goal. Only 12% of the poor do this.
  3. Accountability – 81% of wealthy maintain a to-do list vs. 19% of poor. 67% of wealthy write down their goals vs. 17% of poor.
  4. Self Improvement – 88% of wealthy read 30 minutes or more each day for education or career reasons vs. 2% of poor.
  5. Networking – 79% of wealthy network five hours or more each month vs. 16% of poor.
  6. Exercise – 76% of wealthy exercise aerobically four days a week. 23% of poor do this.
  7. Junk Food – 70% of wealthy people eat less than 300 junk food calories per day. 97% of poor people eat more than 300 junk food calories per day.
  8. Self Restraint – 6% of wealthy say what’s on their mind vs. 69% of poor.
  9. Gambling – 23% of wealthy people gamble. 52% of poor people gamble.
  10. Gossiping – 6% of high-income people admit to gossiping vs. 79% of low-income people.
  11. TV Habits – 67% of wealthy watch one hour or less of TV every day vs. 23% of poor.

Source: Thomas Corley, Rich Habits: The Daily Success Habits of Wealthy Individuals, 2010. Corley looked at 149 measures of wealthy people (defined as those with annual incomes over $160,000 and assets of more than $3.2 million) and poor people (incomes under $30,000 and assets under $5,000). 

Leave a Comment