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Monday Motivation: 6 Habits of Wealthy People

Posted by Craig Summers on December 5, 2016
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The one thing I have discovered over the years is those who have a wealthy life tend to live and act different that those who have a poor life. Notice I didn’t just say wealthy or poor? I added the word “life”.

As all of you who are regulars of reading Monday Motivation know, I believe having a wealthy, healthy and good life has to do with much more than just money. There are a lot of people who are rich financially that have a poor life. Now, don’t get me wrong…money is important and I like what it gives my family the ability to do as much as anyone. That said, it is just one ingredient in a solid F5 life – Faith, Family, Friends, Fitness, Finance.

Money does not define a wealthy life. You ever notice that I have it as the last F in my F5? It’s not an accident or by chance.

That said, it is part of a successful and a happy life. So, if you aren’t as financially healthy as you would like to be I was reading an article about some of the differences between rich and poor people. Now, the interesting thing I discovered reading this list is not only do these activities help you become wealthy financially, but will help you have a wealthy life…a wealthy and healthy F5.

A gentleman spent 5 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. Now, my guess is the majority of people who read Monday Motivation are in the middle between his definition of “rich” and “poor”…those on the fence. If you are “on the fence”, this might help you get off the fence in the right direction.

Not surprising to me, what he discovered is it’s not so much what’s going on in business that determines your wealth or your poverty. He discovered it’s the daily habits and the activities that are the reason for your wealth or your poverty. It is really what’s going on in the first 4 areas of F5 that makes the 5th category (finance) rock!

1. Early Risers
Corley found that rich folks often take advantage of those wee morning hours. Specifically, 44% wake up three hours before their 9-to-5 job. In those hours they focus on self-improvement, reading educational material, like trade journals or industry blogs. They’ll squeeze in a workout, too, which Corley says leads to a more productive day at work.

2. Keep a Running List of Tasks
Once they reach their offices, the wealthy don’t waste time. Most maintain a daily to-do list and check off 70% of their tasks each day. And they’re not just obsessed with short-term plans. Seventy percent of the wealthy surveyed set long-term goals, as well.

3. No Long Lunches
Taking a long, leisurely lunch isn’t a wealthy habit, either. Instead the rich network, wheel and deal between bites.

4. Calorie Counting
Speaking of eating, rich folks are big calorie counters. Corley found most wealthy people limit alcoholic consumption and keep junk food snacks to just 300 calories per day. Not just so that they can fit into their skinny jeans. “Wealthy people are healthy people. To wealthy people being healthy is about making more money,” says Corley. “If they’re healthy they have fewer sick days, they’re exercising, they have more energy, they maintain health their entire lives so they can work longer careers.”

5. No Gossiping
Consider this before spreading the latest workplace rumors: 79% of low-income people admit to gossiping, compared with just 6% of wealthy individuals.

6. Limited Internet
Finally, when it’s time to punch out at the end of the day, how do you unwind? Head to the bar? Veg out in front of the TV? While most wealthy folks reported activities such as networking, volunteering and socializing, Corley found a majority of those struggling with their finances spent more than an hour on recreational Internet use, and were twice as likely to hop on Facebook every day.

If you’d like to have a much more wealthy life, then perhaps you should check out Tom Corley’s book: Rich Habits – The Daily Success Habits of Wealthy Individuals

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