According to the book Rich Habits: 10 Daily Habits that Determine Your Destiny Between Poverty or Wealth
“Rich Habits: The Daily Success Habits of Wealthy Individuals” by Thomas C Corley is a bestselling book, and it became such a success that the author began a series of other books on the concept of wealth, and how your daily habits matter.
It was simple and could affect your financial life later on, and thus the lives of your future family and children. In his book, the author outlines 10 basic principles for the habits of the rich that you can follow to achieve financial success if you persist in them, and this book is based on research conducted by the author over five years to determine the habits of the rich and the poor.
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According to the book Rich Habits: 10 Daily Habits that Determine Your Destiny Between Poverty or Wealth
Wealth Habits by Thomas Corley
The writer Thomas C Corley himself, went through an experience in his youth when he watched his family transforming their financial situation from millionaires to nothing in the bank’s balance, a harsh experience he went through, but he did not pay much attention to it.
Thomas was raised in a conservative and religious household, and his mother taught him that wealth and the pursuit of money are not a noble end, but sin and the end of every evil. Thomas later became a chartered accountant and financial planner, and one day a client came to him asking for financial advice, as he owns his own business and owns his business but is unable to pay his debts.
Thomas took months to research and analyze the client’s expenses and data and did not reach the point of the deficit that caused him a financial problem until he met him one day, and Thomas was not happy with the result that he did not reach to solve the client’s problem, and there was silence in the meeting, so he wanted to break the severity of the situation, and asked the customer a light question, he said to him: What are you doing to entertain yourself, the customer said indifferently: Every Wednesday I drink wine with beautiful girls.
After the customer’s answer, everything changed in Thomas’ thinking, he realized that he was looking in the wrong way to solve the customer’s problem, and when he learned that Wednesday night cost the customer about $500 per week, and with some calculations, Thomas told the customer, that usually Wednesday night only cost the customer within 10 Years of about $350,000, which is the current deficit budget facing the client.
From here the idea began to loom in Thomas’ mind, how a simple habit like that could lead to his client’s bankruptcy?
Imagine how many useless habits that you unconsciously practice daily will bankrupt you after a decade, imagine with me, how cruel it is; To go bankrupt while you’re still making money from your only job, what a joke.
So Thomas stayed on his research for 5 years, conducting it on 233 rich people, and 128 poor people. Just until he finds the answer to his question: Can daily habits determine the financial conditions of our lives?
To finally reach the answer, which is yes and strongly, our habits and way of thinking is what leads us at the end to wealth or poverty, and reached more than 200 daily activities separating those who own their homes and those who do not! Summarize them into 10 habits that will guarantee you financial success if you stick to them.
Your daily habits start with a pen and paper
Before you know what the habits of rich people are, you should first bring a pen and paper, and divide it into two parts, one for your bad daily habits and the other for your good ones.
For example, if you watch a lot of TV daily, waste a lot of time on social media, smoke, or always procrastinate your work… all of this falls under bad daily habits or, as Thomas described it, “habits of the poor.” But if you watch TV at a specific time, read daily, exercise, or abstain from harmful food, then these habits are similar to the “habits of the rich” that will benefit you financially and morally in the long run.
You are the magic wand for your success
It is also important to know that there is no magic way, or certain habits that will make you smarter, the writer himself during his research monitored so many different activities, carried out by the rich, and none of them knew that these habits are the main reason for their wealth.
You are the only one who knows what are the bad habits that you should start to change in your day and then modify them with good and useful habits, they may be new than the ones in the book, the habits of the rich people in this book are just a reference to you and a simple example, otherwise, it is your decision and your day you Not someone else’s day.
Rich-Habits people can be followed to achieve financial success
Here is a quick overview of the most important rich habits, according to Thomas Corley’s book:
According to the book Rich Habits: 10 Daily Habits that Determine Your Destiny Between Poverty or Wealth
1/ A daily to-do list
To-do list
After you know your bad and good daily habits, and after trying to change them, you can buy a notebook, and write down your daily, monthly, and yearly goals. Planning is a very important thing. There is no such thing as “luck.” Luck for Thomas in the dictionary of the wealthy depends on their daily habits. If they are planned, healthy, and persistent habits, they will attract good luck to them in the long run. It is more like the Law of Attraction.
The important thing in the to-do list is continuity. Even if the results are few, you have to be happy with your daily achievements, which achieve a larger goal, which is the monthly goals, and you achieve your annual goals. For example, if you decide to take a programming exam this year, make a plan to study for one hour every day, and at the end of each month, you will review what you have studied and so on. Thus, you are breaking down big goals into small tasks that you can easily achieve daily.
2/ Save a little, you get a lot of opportunities
Among the wrong habits that many have been raised on since childhood, is spending 100% of the monthly salary, saving even if 10 dollars a day will save each about 4 thousand dollars annually. As for Thomas’ advice to you, it is best to save only 10% of your salary per month, and this will benefit you in the long run. This amount can make you achieve another goal, so your annual savings will be greater, and when any new unexpected opportunity arises, you will be prepared for it.
3/ reading is inevitable
Even if you’re an engineer, a doctor, or have a tough job and don’t have time to read, wealthy people daily listen to audiobooks while they are busy with their other engagements, or read in a book for at least 30 minutes. And reading is not only in their field of work but is the “biographies” of successful and influential people. Reading for pleasure and entertainment is also useful, as reading, in general, is a good habit to adopt without fear, even if it is a small amount daily.
4/ Stop aimless habits
Aimless sometimes we sit in front of the TV and do nothing but look at it without following, and aimlessly wake up from sleep and take an hour or more on social media, and sometimes we don’t read most of the posts we just want to take a quick tour, but this tour enters a black hole that does not get out of it. And video games too, aimlessly doing more than an hour of your time a day is a harmful habit that will make you poorer and more distracted in the future.
5/ Tie your tongue and control your emotions
One of the habits of the rich to achieve financial success is not to talk a lot about your future goals, not to talk much at all, focus more on the means to reach your goal, rather than talking about it, instead of telling your friend every day that you want to win the football championship, and that you will become Next Mo Salah, focus on your daily workouts, your food, and your sleep.
Control emotions, whether enthusiastic, sad, or angry. Excessive feelings stop the brain from solving problems or critical thinking. They make you run in a vicious circle, so try as much as possible to control those feelings and do not let them lead you.
6/ The Golden Rule – Do more than you get paid
You often hear the phrase “It is not my job responsibility” to be said a lot in the workplace, because the employee feels that the salary he receives is not commensurate with the amount of work he performs daily, so he decides to work with the amount of money he takes.
This is what Thomas tells you to do the opposite, he says that successful people always like to work for more than they are paid, this develops their productive abilities, makes them more responsible, and thus get a promotion, and aspire to higher levels of work.
7/ Set specific and firm goals
In the middle of the road sometimes we lose sight of our true goals, and we get confused about why we are here, or why we walk all this way aimlessly? Not having a real purpose and motivation makes you distracted, and you go with life’s fluctuating currents. Purpose helps you find the means, and therefore you have to find a logical goal that can be achieved over the long term with specific daily habits.
The famous actor “Jim Carrey” before was a well-known actor, he did not have any tangible ingredients that he could be an artist one day, but he had a clear and explicit goal, to represent in Hollywood, and one day he wrote a check for himself worth “10 million dollars.” And he set himself an approximate “5 years” time.. and imagined that he would get it, and the miracle happened, and he got it in a movie of his absolute heroism. This is not luck, but rather early planning and a clear goal.
8/ Wake up early
“44% of the rich get up 3 hours before work, compared to 3% of the poor.”
Do not be surprised, the writer himself wanted to know the reason for this, will these 3 hours do miracles for the person if he persists in it? Of course, sleep is better.. and we have a long day!
But Thomas did not find much time to complete his book, the work takes his time, and when he returns home he sits with his three children, it was necessary to escape, and he adopted the habit of the early 3 hours, which paid off a lot, including that he completed writing the book despite his busyness.
9/ Take care of who your friends are
“You are the average of the five people you spend the most time with.”
In the sense that you must be very careful in choosing your friends and the ones you sit with daily, they do not have to be wealthy, but the most important thing is that they are successful, ambitious, look to the future, plan and help you if you make a mistake, support you in your achievements.
10/ Think Positive Every Day
The most important information is that rich don’t have to be successful, and success does not have to be rich, but it is certain that good habits necessarily lead to success, success that helps its owner to improve his standard of living and improve his material conditions.
Thomas does not mean that you are a millionaire or a billionaire. This is not The goal, but the goal is the success that attracts money behind it that makes you feel happy and stable.
Many poor people think that whoever is born poor will remain poor, and the thing that Thomas noticed is that most successful rich people were from poor or middle-income families. This means that it is the way we think and analyze things that lead us to where we are today!
Thomas finally concluded that his mother was mistaken, the rich people he knew were not malicious, and they were not stingy, some rich people are not successful in their lives, the riches that they reached by chance, such as wealth or inheritance for example, or the rich who first decided to be successful in their lives are those who They adopt good habits, and they help others. Thomas concluded that the same sin lies in people who do not move from their places, claiming that poverty is the cause of their loss, and they waste their time in wrong thinking and useless daily habits.
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According to the book Rich Habits: 10 Daily Habits that Determine Your Destiny Between Poverty or Wealth
