I love when people research the rich, and then tell us all their secrets so we can try and be like them too :) (I really do – I’m not being snarky there). There’s something about the simplicity of it all that really grabs me and helps me realize that most of these traits ARE do-able if you really care enough to go out there and try ’em.
In a nutshell, he:
“…spent five years observing more than 350 “rich” and “poor” people, how they live, work and even sleep and captured them all in his book, “Rich Habits: The Daily Success Habits of Wealthy Individuals.” He defined “wealthy” as earning at least $160,000 annually and holding at least $3.2 million in assets. “Poor” was income under $30,000 a year and less than $5,000 in assets. “
I like how “poor” is really not *that* poor, but more like recent college grads and over 60% of the world’s general population (I just made that number up, but it sounded good right?), but whatever – I get his point ;) The opposite of wealthy. And since I kinda-sorta-but-not-really fall into that wealthy category myself (the $100k+ part, not the $3.2 Million in assets (yet)), I thought I’d list out all these habits and see how I compare. Maybe they’ll help us reach it faster?
Here are the main daily habits he’s since extrapolated: (S.A.T. word)
- They’re early risers — [FAIL] According to Corley, 44% of them wake up 3 hours before they start their 9-5. WOW. While I’m using this time to sleep, or check on the baby, or sleep some more, they’re out there reading and learning and working out. This is an area where I’d love to improve as it seems a lot of successful people wake up early (like this guy over at The Minimalists – a new blog I recently started reading). I work best in mornings anyways!
- They keep a running list of tasks — [WIN!] And I cross off over 70% of them on a daily basis too, just like those wealthy pimps :) This has been by far the best thing I’ve learned to do over the years of self-employment. Or in my career, for that matter. A clean mind = more productivity!
- They don’t take long lunches — [WIN!] Unless I’m networking/going on walks talking with other bizness men and women and collaborating… Though I guess that has nothing to do with lunch, now does it? I guess I should mention I sometimes take a walk in *place* of a normal lunch break during the week ;) Does wonders for clearing the mind, too.
- They count their calories — [FAIL] Apparently a majority of wealthy people limit alcoholic consumption and keep junk food snacks to under 300 calories per day. Double fail. I like to drink beer and munch on nonsense habitually, though I’m not too proud of it (with the latter, at least). I’m one of those skinny boys who has lately learned how to put on a few pounds and now has to make sure he’s paying attention more before it gets out of control. But maybe now knowing “the wealthy stay healthy” it’ll be more motivation to wise up! Haha…
- They don’t gossip — [FAIL/WIN] I don’t know how to answer this one because I don’t really gossip about *people* per se, but I definitely talk about other businesses/blogs/etc and give my opinions any ol’ time I’m asked (and sometimes even bring up myself). So I guess it’s kinda half fail and half win? Usually it’s more about learning from others on what not to do (or do more of), so it’s certainly more productive than just gossip for the sake of it…
- They limit their internet usage — [FAIL/WIN] But I believe I should get some sort of dispensation here considering my life is ON the internet, haha… Kinda hard to avoid that when you’re a blogger ;) But as for the getting on Facebook 24/7 and just browsing around at useless information, well, I’m definitely the king of NOT doing that. In fact, I recently shut down my personal Facebook and Twitter accounts because they just weren’t doing anything useful for me. They felt like little extensions of myself out there just blowing in the wind and I didn’t see the point of ’em anymore. Though of course that would never happen to my J. Money stuff ;)
So I have 2 wins, 2 fails, and 2 half-and-halfs. Even Steven as always ;) But it’s nice to see I’m doing some stuff right. I think I’m gonna focus on the “waking up early” part more in the future. That seems to be the best bang for your buck.
Which habits do you guys relate to? Anything missing this list that would be smart to do? It kinda reminds me of the “ways rich people think vs. middle class” post we did earlier in the year – only with ACTION ITEMS attached. Which I like. You can get your mind right all day long on a topic, but until you actually start *doing something* about it there’s not really much of a point.
Anyways, food for thought… Under 300 calories worth, of course ;)
(Photo by gawd)
Jay loves talking about money, collecting coins, blasting hip-hop, and hanging out with his three beautiful boys. You can check out all of his online projects at jmoney.biz. Thanks for reading the blog!