10 habits of self-made millionaires

April 22, 2016 • Views: 47251

“Rich Habits” it’s a term that Thomas C. Corley invent, after spending five years studying 177 self-made millionaires. Corley says, “From my research, I discovered that daily habits dictate how successful or unsuccessful you will be in life,he writes in his book “Change Your Habits, Change Your Life.” “There is a cause and effect associated with habits. Habits are the cause of wealth, poverty, happiness, sadness, stress, good relationships, bad relationships, good health, or bad health.”

Here are the most important Rich Habits you can take up to reach and maintain your wealth potential:

 

1They read consistently.

Rich people read every day, not just for entertainment purposes but to increase their knowledge or improve your lifestyle. Corley found that they tend to read four types of books: educational career-related material, biographies of successful people, personal development and history.

  • 88% of wealthy read 30 minutes or more each day for education or career reasons vs 2% for poor.
  • 63% of wealthy listen to audio books during commute to work vs. 5% for poor people.

 

2They exercise.

Richard Branson says he exercises daily – anything from yoga to rock climbing, running to weightlifting – in order to improve his mental performance and productivity. “Cardio is not only good for the body, but it’s good for the brain. It grows the neurons (brain cells) in the brain … Exercise also increases the production of glucose. Glucose is brain fuel,” Corley reports.

  • 76% of wealthy exercise aerobically 4 days a week. 23% of poor do this.

 

3They avoid toxic people.

“You are the average of the five people you spend the most time with.”  It’s very important to avoid negative people and influences – successful people know that. Corley writes: “The rich are always on the lookout for individuals who are goal-oriented, optimistic, enthusiastic, and who have an overall positive mental outlook.”

  • Of wealthy, successful people, 86 % associate with other successful people.
  • 96% of struggling financially people stick with others struggling financially.

 

4They get up early.

“Getting up at five in the morning to tackle the top three things you want to accomplish in your day allows you to regain control of your life. It gives you a sense of confidence that you, indeed, direct your life,” Corley writes.

  • 44% of wealthy wake up 3 hours before work starts vs.3% for poor.

 

5They find and check in with mentors.

“Mentors regularly and actively participate in your growth by teaching you what to do and what not to do. ”  He continues ” They share with you valuable life lessons they learned either from their own mentors or from the school of hard knocks.”

  • 93 % of wealthy who had a mentor attributed their success to that person.

 

6They pursue their own goals.

Gary Vaynerchuk once said that “How you make your money is more important than how much you make”. After years of researching almost 180 self-made millionaires Corley came up with the same conclusion: “Odds are, if you are not making sufficient income at your job, it is because you are doing something you do not particularly like. When you can earn a sufficient income doing something you enjoy, you have found your main purpose.”

  • 80% of wealthy are focused on accomplishing some single goal. Only 12% of the poor do this.
  • 81% of wealthy maintain a to-do list vs. 19% for poor.
  • 67% of wealthy write down their goals vs. 17% for poor

 

7They limit watching TV.

“Instead, these successful people use their free time engaged in personal development, networking, volunteering, working side jobs or side businesses, or pursuing some goal that will lead to rewards down the road,” Corley writes. How much of your valuable time do you lose watching TV or using the Internet recreationally?

  • 67% of wealthy watch 1 hour or less of TV every day vs. 23% for poor
  • 6% of wealthy watch reality TV vs. 78% for poor.

 

8They avoid overspending.

“Wealthy people avoid overspending by paying their future selves first.” Successful people have a habit of saving and budgeting what they spend.  “Among those who are struggling financially, almost all are living above their means. They spend more than they earn, and their debt is overwhelming them.” Corley writes.

  • They save 20% of their net income and live on the remaining 80%

 

9They are positive.

Corley found out that successful people rather than seeing problems as difficulty, they see problems as opportunities – opportunities to learn, grow, improve.  Corley notes: “If you stop to listen to your thoughts, to be aware of them, you’d find most of them are negative. But you only realize you are having these negative thoughts when you force yourself to be aware of them. Awareness is the key.”

  • 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.

 

10They give back.

One of the 6 rules of success by Arnold Schwarzenegger says: “Whatever path that you take in your life, you must always find time to give something back. Reaching out and helping people will bring you more satisfaction than anything else you’ve ever done.” Thomas found that 79% of wealthy people network and volunteer a minimum of 5 hours a month. Corley notes: “You want to focus on helping only those who are pursuing success, are optimistic, goal-oriented, positive, and uplifting.”

Photo credit: Michelle Andonian / Foter

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48 Responses to 10 habits of self-made millionaires

  1. kanmani says:

    awesome writing! just as always, you are awesome mateusz!

  2. Leandro says:

    Nice post!
    I watched all your videos, they are awesome. Please continue doing it, I’m waiting for the next one!

    Leo, from Argentina.

  3. Lukasz says:

    Super! Dzięki za czas jaki poswieciles na przygotowanie tej notki. Pozdrawiam

  4. Alex says:

    I love your youtube videos.
    First time reading anything of you, keep up the good work! Love your stuff

  5. Ibrahim says:

    Good Article… we want more from this :)

  6. Ogulcan says:

    Well, it’s nice but it could be more detailed. There could be more examples from the billionaires.

  7. Grzegorz Łapa says:

    Wydaje mi się Panie Mateuszu ,że Pana strona powinna być mozliwa do odczytania w naszym ojczystym języku. Chce Pan pomagać bliźnim, lecz spora częśc jesli nie większośc naszych rodaków zwyczajnie odpuszcza tłumaczenia już na dzień dobry… Na początek proponuje wersję dwujęzykową, choć finalnie warto by było zredagować tę stronę na 4 języki np Niemiecki, Francuski, Angielski i oczywiście Polski. Pozdrawiam

  8. Divyarishi says:

    awesome as always! I have watched all the videos you uploaded on google. Keep it up!

  9. Jeet says:

    Your post always make sense to me. U r doing wonderful work. Keep this work up.

  10. andrzej says:

    Hey Mateusz,
    ogladalem Twoje wszytkie filmiki i z niecierpliwoscia czekam na nastepne . Bardzo fajna strona sie zapowiada. Powodzenia w przyszlych przedsiewzeiciach i sproboj poszukac nagran Zig Ziglera bo na pewno moglbys cos fajnego wybrac z tego i zrobic filmik podobny do Lesa Browna i Eirca Thomasa i innych . Zig byl pierwzym z nich i jest jednym z trzech ktorych slucham codzien . Dzieki i pozdrawiam z Chicago

    Andrzej Z.

  11. Jonathan Missirlian says:

    Great list! I am doing some of these already but not all of them. I will strive to implement the others in my daily routine.

    Thanks for being an inspiration Matuesz!

  12. sara says:

    Strong uplifting motivating as always. You don’t know how much you have helped me (and I’m sure many more people) the last couple of years to become a better more positive and stronger person. Very thankful to you!

  13. Hikmet KARAKAYA says:

    Mateusz ! Thank you for your amazing motivational videos ! I watched all your videos. And future ıf I will change my life you will also have the support.

  14. Sai Akhil says:

    Mateusz I want to become a Multi-Millionaire,
    I will get a lot of Inspiration by watching your videos..
    Special Thanks from me.
    Mateusz,
    Do you want to become a Philosopher?

  15. Timza Dantata says:

    You are inspiring I and friends here in Nigeria really appreciate your good works. We use the motivational videos virtually for everything. Thank you.

  16. John says:

    Thanks for the post i learned a lot. I also love all your motivational videos.

  17. Virsa Travels says:

    Thumbs up for you. Your videos inspire millions. God bless you.

  18. Elliot M says:

    Very insightful post, and I’d just like to say that your writing ability’s getting a lot better.
    Thanks, and keep up the good work!

  19. Good morning! I really love this article, really, in fact i am gonna use it for a spanish post called “ten habbit of sucesful people”. I mention you in the source of course.

    I like this article beacause show the “iceberg theory” that we only see a 2% of everithing that people do.

    Thanks you for write it!

  20. Dejan Petrovic says:

    Respect man!

  21. Raghul says:

    Awsome work, thanks for the article… Keep doing we will keep supporting…. : )

  22. The chosen one says:

    Well done, dude
    I’m one hundred percent sure, we can get whatever we want if we just believe, and does’t matter if it seems impossible, even in the hardest sitution our positive things will help us. I really liked the statement “But you only realize you are having these negative thoughts when you force yourself to be aware of them” ; that’s why I gotta believe in all my dreams will become true. Thanks from Colombia, God bless u.

  23. Adel says:

    Thank You Mateusz! :)

  24. Arjun Sharma says:

    Hey,if I share your videos with my friends they just ignore it :(
    What should I do?

  25. GBong says:

    This is very helpful article. I believe all these 10, if followed and practice by heart will move me forward to my goals, dreams and vision. Thank you for your passion of sharing your wisdom. May God continue to bless and inspire you always.

  26. Kamil says:

    Mateusz, jestes geniuszem :) dziekuje za wszystkie filmiki na youtubie, sa cudowne.

  27. Dawid says:

    Cześć, Mateusz twoje filmy oglądam hmm długo. Ostatnio nawet zacząłem wdrażać (w końcu) kilka przydatnych nawyków w życie. Chciałbym Ci podziękować za tę notkę. Za twojego bloga, za to co robisz na yt. Nawet za to, że to wszystko jest po angielsku. Większe grono odbiorców. GENIALNE!
    Cieszę się, że mogę inspirować się twoją twórczością! Trzymam kciuki za wszystkie twoje projekty!

  28. Erdem SALĞIN says:

    Thanks for that great inspiring videos. They really help me to focus on my goals. Thanks from Turkey!

  29. davi says:

    The best motivational videos ever, thank you!

  30. Koushik says:

    Great…!!
    Keep sharing.
    Koushik from Kolkata

  31. Valentine Igwedibia says:

    Mateusz, I honestly will say Im impressed by your work. Nice one, keep it up. How do I contact you ps? I need to ask you some personal questions. Hope you dont mind that.

  32. Jehu Christan says:

    Wow. Watched your videos, read your blogs and all stuff. You are great. The editing, the music, the design, the creativity, everything is perfect…

  33. sachin says:

    Simply an awesome article.
    Awesome as you are mateuz!

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