Why Are Some People Rich, Poor or Middleclass?
Why is it that some people are rich, some are poor and others are lower to upper middleclass? What is responsible for their financial lot in life?
These are all questions that I sought answers to. My name is Tom Corley. I am the author of Rich Habits - The Daily Success Habits of Wealthy Individuals (www.richhabits.net) . I spent 5 years studying the daily activities of 233 wealthy people and 128 poor people. What I discovered was that wealthy people have vastly different daily habits than poor people. In fact, I tracked 149 daily activities that separate the wealthy from the poor and in this article I will explain why your habits are responsible for you financial situation. These Rich Habits are the financial equivalent of the Holy Grail. Because there is no research like this of any kind, these discoveries are revolutionary and will challenge everything you thought you knew about becoming wealthy. The Rich Habits will transform your life from one of financial failure to one of unlimited financial success beginning in as little as thirty days. I will show you how easy it is to reinvent yourself in these 30 days. In order to become wealthy you must learn how to walk in the footsteps of the wealthy and this means …...
You must adopt the habits of the rich.
Your Daily Habits Determine Your Financial Condition in Life
There has been a great deal of scientific study surrounding habits. Specifically: how habits work, how habits are formed and how habits can be changed or altered. This research indicates that 40% of all of our daily activities, the things we do every day, are habit-driven (Duke University study 2006). Our habits are stored in our Basal Ganglia; a golf ball size mass of tissue in the center of the brain. The reason the brain stores habits here is to enable the brain to work more efficiently. No thinking takes place in this region of the brain. For most of us we do not even think about our daily routine, our daily habits. The brain is on auto pilot. Therefore, we are on auto pilot 40% of the time during every day. This is good if you have good daily habits and this is bad if you have bad daily habits.
Where do we learn our daily habits?
Most of our habits were formed early in our lives. Most individuals were taught by their parents certain good daily habits. Others picked up these good daily habits from a mentor. And still others uncovered these good daily habits through the school of hard knocks. As a result, individuals with good daily habits make more money, have better relationships and are happier. The sad thing is that many individuals are just getting by financially. They don't like their jobs, they struggle financially, they have poor relationships and are generally unhappy. As Thoreau famously said "we are all living lives of quiet desparation." There is a good reason for this. Most in society were never taught these Rich Habits by their parents and, instead, learned Poverty Habits from their parents.
It is a financial planning fact that 85% of the children born into a wealthy household do not inherit any money yet they nevertheless grow up to be financially successful in life. Why is that? The answer is because wealthy parents teach their children Rich Habits. This is very reason why the rich get richer. Children taught these Rich Habits grow up to become financially successful, despite the fact they do not inherit any money from their wealthy parents. What they do inherit is far more valuable: they inherit Rich Habits.
What are these Rich Habits?
Rich Habits are specific things that wealthy individuals do every day. In my book, Rich Habits - The Daily Success Habits of Wealthy Individuals (www.richhabits.net) I explain exactly what these habits are. Let me give you a few examples:
Lifelong Educational Self Improvement
Wealthy people read 30 minutes every day of material that is educational or somehow related to their job such as industry periodicals or industry-related blogs, newsletters or books. Day in and day out, the wealthy increase their knowledgebase and make themselves more valuable to their employer, customers or clients.
Wealthy people understand the difference between a wish and a goal. To wealthy people a goal is only a goal if there is a 100% chance of achieving the goal and when there is physical activity associated with the goal. Otherwise, it’s a wish and wishes do not come true. To understand more about goal-setting download my free report at: http://richhabitsinstitute.com/Download_Reports.html
Your daily habits dictate whether or not your will be rich, poor or middleclass. Rich people have more Rich Habits than they have Poverty Habits. Poor people have more Poverty Habits than they have Rich Habits. Middleclass people have a mix of some Rich Habits and some Poverty Habits. Lower middleclass people have slightly more Poverty Habits than they have Rich Habits and upper middleclass people have slightly more Rich Habits than they have Poverty Habits. Visualize a see saw. If you have more Rich Habits the see saw pulls you down in one direction - towards wealth. If you have more Poverty Habits the see saw pulls you down in another direction - towards poverty. If your Rich Habits and Poverty Habits are nearly even your see saw is in the middle renering you middleclass.
If you have more Rich Habits then you are on auto pilot to accumulating wealth and becoming rich. If you have more Poverty Habits then you are on auto pilot to poverty. The good news is that habits can be changed. There is an easy to follow process. In my book, Rich Habits – The Daily Success Habits of Wealthy Individuals (www.RichHabits.net) I will show you exactly how to change your habits. I will show you exactly how to re-invent yourself. It takes just 30 days to get rid of your Poverty Habits and replace them with Rich Habits. After 30 days you will be on the track to unlimited wealth accumulation and your life will change forever. For more information on changing your daily habits download my free report titled: How to Re-Invent Yourself at: http://richhabitsinstitute.com/Free_Reports2.html