
According to Fidelity, only 12% of today's millionaires in America inherited a significant portion of their wealth. One of the most effective ways to build wealth is to study those who have done so already. While taking on these habits won't necessarily make you rich, they might be a step in the right direction.
Thomas Corley studied "rich and poor" people for five years to work out how their behaviors and habits differ. I gathered a list of the thirteen habits of self-made millionaires based on his research that I found most interesting.
Change Your Habits, Change Your Life: Strategies that Transformed 177 Average People into Self-Made Millionaires by Tom Corley:
Rich Habits - The Daily Success Habits of Wealthy Individuals by Tom Corley:
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Timestamps:
0:00 Introduction
02:40 Habit 1 - Reading good books
03:05 Habit 2 - Not watching much TV
03:23 Habit 3 - Investing not gambling
03:42 Habit 4 - Exercising and eating well
03:57 Habit 5 - Sleeping well & getting up early
04:12 Habit 6 - Having multiple streams of income
04:33 Habit 7 - Overwhelming positivity
04:48 Habit 8 - Having good manners
05:00 Habit 9 - Seeking feedback to improve
05:31 Habit 10 - Working longer hours
05:56 Habit 11 - Avoiding negativity & volunteering
06:20 Habit 12 - Helping others to succeed
06:45 Habit 13 - Setting goals
07:07 Conclusion