Thomas Corley, an accountant and financial planner, conducted a comprehensive study on the habits of 233 millionaires and 128 individuals with lower wealth that lead to wealth and success over five years.
The goal was to uncover the daily practices that set the wealthy apart from the rest of society. Here, we summarize Corley’s findings and the top takeaways regarding the habits that contributed to these individuals’ millionaire status. These insights offer a blueprint for anyone seeking greater prosperity and success.
⦁ 10 Key Commitments for Success:
The wealthy make ten daily commitments, including cultivating habits, setting goals, enhancing self-worth, prioritizing physical health, nurturing relationships, living a disciplined life, and more. These commitments lay the foundation for attracting opportunities and good fortune.
⦁ Avid Readers and Constant Learners:
Over 85% of the rich individuals studied read at least two books per month, with 79% reading professional literature to stay updated in their field. Lifelong learning is a cornerstone of their success, emphasizing the importance of hard work over intelligence.
⦁ Confidence, Optimism, and Passion:
The wealthy believe in their ability to control their destiny through hard work, with over 90% valuing optimism and passionately pursuing their interests. Their confidence, determination, and willingness to persevere set them apart.
⦁ Decisive Decision-Making:
Wealthy individuals make decisions decisively after thorough analysis. They commit to choices promptly and with clarity, avoiding endless procrastination and ensuring successful execution.
⦁ Emotional Control and Avoidance of Gossip:
The rich exercise emotional control, avoiding gossip and negativity. They think before speaking, maintaining thoughtful communication to earn trust and respect.
⦁ Nurturing Relationships with Honesty:
Maintaining long-term relationships through simple acts of kindness and honesty is a common practice among the wealthy. They surround themselves with supportive mentors and avoid toxic relationships.
⦁ Supportive Mentors:
The wealthy intentionally seek out knowledgeable mentors who provide constructive feedback and accountability. They value constructive criticism over praise and learn from those successfully living out their ideals.
⦁ Good Habits Attract Good Luck:
Corley argues that good habits produce opportunities, while bad habits lead to misfortune. Self-discipline in health, productivity, relationships, and finances compounds over time, leading to a better life.
⦁ Overcoming Procrastination:
Procrastination is the enemy of progress, and the wealthy actively avoid putting tasks off. Finding purpose and passion in daily work provides the motivation needed to form consistent habits.
⦁ Focus on Health:
Physical health is a top priority for the wealthy, maintained through regular exercise and a balanced diet. They understand that good health enables peak performance and avoid impulsive indulgence in unhealthy habits.
In Conclusion: These habits that Lead to Wealth and Success are accessible to anyone willing to commit to creating the right routines. While the wealthy aren’t flawless, their intentional living can be replicated for greater prosperity. Rich habits compound over time, leading to financial success.
By emulating these practices, individuals can create a roadmap to financial freedom and overall abundance. Corley’s research reveals that these habits are not limited to material wealth but contribute to success in all areas of life. Rich habits, when consistently applied, lead to a prosperous and fulfilling life.