10 Habits Of Self-Made Millionaires, From A Man Who Studied Rich People For 5 Years

Author Thomas C. Corley spent five years researching the daily habits of 177 self-made millionaires and has termed these habits “Rich habits”.

According to him: “From my research, I discovered that daily habits dictate how successful or unsuccessful you will be in 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.”

The good news is all habits can be changed, Corley notes. Here are some “rich habits” of self-made millionaires that you can start developing today:

 

1. They are consistent readers

The rich would rather be educated than entertained. Corley found that they tend to read three types of books: biographies of successful people, self-help or personal development, and history.

2. They love to exercise

“Seventy-six percent of the rich aerobically exercise 30 minutes or more every day,” Corley reports. Aerobic exercise includes anything cardio, such as running, jogging, walking, or biking.

“Cardio is not only good for the body, but it’s good for the brain,” he writes. “It grows the neurons (brain cells) in the brain. Exercise also increases the production of glucose. Glucose is brain fuel. The more fuel you feed your brain, the more it grows and the smarter you become.”

3. They spend time with other successful people

“You are only as successful as those you frequently associate with,” 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.”

To cultivate these relationships, he writes, wealthy people do six things: wish people a happy birthday, call to say hello, call when a life event happens, network, volunteer, and participate in formal or informal groups.

4. They wake up early

Nearly 50% of the self-made millionaires in Corley’s study woke up at least three hours before their workday actually began.

It’s a strategy to deal with inevitable daily disruptions. Corley writes. “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.”

5. They have multiple streams of income.

“Self-made millionaires do not rely on one singular source of income,” Corley states.

“They develop multiple streams. Three seemed to be the magic number in my study. Sixty-five percent had at least three streams of income that they created prior to making their first million dollars.”

6.They have successful mentors

“Finding a mentor puts you on the fast track to wealth accumulation,” Corley writes.

“Successful mentors do more than simply influence your life in some positive way,” he continues. “They regularly and actively participate in your success by teaching you what to do and what not to do. They share with you valuable life lessons they learned either from their own mentors or from the school of hard knocks.”

7. They don’t follow the herd.

Successful people create their own new herd and then pull others into it, Corley says: “You want to separate yourself from the herd, create your own herd, and then get others to join it.”

8. They have good etiquette.

“Self-made millionaires have mastered certain rules of etiquette principles you have to master if you want to be a success,” Corley writes.

These include sending thank-you notes, acknowledging important life events, such as a wedding or birthday, eating politely and using table manners, and dressing properly for various social events.

9. They help others succeed.

“Helping other success-minded people move forward in achieving their goals and dreams helps you succeed,” Corley writes. “No one realizes success without a team of other success-minded people. The best way to create your team is to offer help to other success-minded people first.”

You don’t want to give help to anyone and everyone, Corley notes: “You want to focus on helping only those who are pursuing success, are optimistic, goal-oriented, positive, and uplifting.”

10. They dedicate time daily for just thinking.

“Thinking is key to their success,” Corley observes. The rich tend to think in isolation, in the mornings, and for at least 15 minutes every day.

“They spent time every day brainstorming with themselves about numerous things,” he explains. The topics include careers, finances, family, health, problems, and business relationships.

They ask questions such as, “What can I do to make more money? Does my job make me happy? Am I exercising enough? What other charities can I get involved in?”

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