Habits of the World’s Wealthiest People

By Bill Guting

Ran across a very interesting infographic based on Thomas C. Corley’s study of the daily habits of 233 wealthy people and 128 people classified as poor.

Wealthy is defined as those earning $160k per year and having at least $3.2 million in assets.  Poor is defined as having an annual income of $30k or less and having less than $5k in assets.

Very revealing study.  And very insightful.

Here are some of his findings …

The Wealthy Have a Routine

Over 8 out of 10 maintain a to-do list … 63% listen to audio books during their commute … and 88% read 30+ minutes every single day.

The poor?  Less than 10% maintain a to-do list … only 5% listen to audio books … and less than 2% read more than 30 minutes per day.

Not really too many surprises there for me except maybe the audiobook listening.  Didn't realize that was so popular.

My first, last, and only “real” job was as a business analyst where I got to travel quite a bit, and found myself on the road many times for several hours at a stretch.

Might seem tedious and boring to most, but to me, that was one of the most exciting aspects of my job.

Why?  Drive time meant learning time because I basically turned my car into a “university on wheels”.

All that drive time was used to learn as much as I possibly could about real estate investing … business … personal growth … relationships, etc.

I point to the education and specialized knowledge I gained from all that commute time as one of the BIGGEST factors (the other being “taking action” of course) that allowed me to leave the corporate rat race … and “retire” from that job in just 5 short years.

So if you’re like many people these days, stuck in a long commute to work, you might wanna reframe how you’re looking at it, and realize you’ve got one big opportunity on your hands!  J

The Wealthy are Healthy

76% of wealthy people exercise aerobically at least 4 days a week.  The poor?  Only 23%.

Reminds me of a quote by Vince Lombardi, one of the greatest Football coaches of all time, who said …

“Fatigue makes cowards of us all.”

Man … ain’t that the truth!

If you’re not eating right … not exercising regularly … and not doing things each day to manage your emotions and state, it’s darn near impossible to have the necessary energy to go after big goals and dreams.

Do you know any wealthy people you would characterize as low-energy, lethargic, and lazy?

I don’t.

If you do though, they’re the rare exception who probably got lucky.  Or the beneficiary of a very nice inheritance.

Television Habits

To me, TV is probably the single biggest DREAM KILLER in existence!

According to A.C. Nielsen Co …

The average American watches more than 4 hours of TV each day (or 28 hours/week, or 2 months of nonstop TV-watching per year). In a 65-year life, that person will have spent 9 years glued to the tube.

Isn’t that stunning?

9 years of life … totally pissed away!!!

The wealthy don’t waste their time away, and instead treat it like the most precious resource on earth.  Which it is.

That’s why it’s no surprise that almost 80% of the poor watch reality TV, while less than 5% of the wealthy tune in to watch other people live their “unreal”, made-up for TV lives.

Sorry for the sarcasm.

I just really hate to see the “boob tube” stealing away so many people’s dreams.

I remember several years ago when we made the switch from analog to digital, and if you had an older TV that was running on analog … you had to get some device that would allow you to make the switch and continue watching on your current TV.

Well, I never bought that device … have resisted buying a new TV as well … and have been TV-free ever since!

Might sound drastic, but hey … I like the results so far.

Now I know there’s other things to contend with like the YouTube, the internet, and Netflix, but I have some other ideas and strategies to deal with those potential distractions as well – which I’ll save for another time.  J

The Wealthy Set Goals

No surprises here either.

80% of the wealthy and only 12% of the poor focus on accomplishing a specific goal.

And the overwhelming majority of the wealthy believe in lifelong educational self-improvement, while less than 5% of the poor have the same belief.

Anyway, these are just some of the glaring differences in habits and routines between the wealthy and the poor.

And a pretty good reminder of the habits you should be following if you’re truly committed to creating and building wealth.

Click here for a copy of the infographic

 

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