Rich Habits… Do You Have Them?

In Behavioral Finance, Philosophy by Landmark Financial Advisors, LLCLeave a Comment

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). 

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