Friday, November 14, 2014

Things the Rich Do Every Day that the Poor Don’t

(Based on Tom Corley’s 20 Things the Rich Do Every Day, on his website RichHabitsInstitute.com and Bo Sanchez Don’t Try to Appear Wealthy.)  

Wondering why the rich get richer and the poor poorer.  Aside from gigantic resources, what do the rich do every day that the poor don’t do?  What are possibly their values and attitudes? 

1.      86% of wealthy love to read vs. 26% of poor.
Instead of more hardwork, the poor gambles
 (google search photo)
2.      88% of wealthy read 30 minutes or more each day for education or career reasons vs. 2% of poor.
3.      63% of wealthy parents make their children read two or more non-fiction books a month vs. 3% of  poor. 
4.      86% of wealthy believe in lifelong educational self-improvement vs. 5% of poor.
5.      81% of wealthy maintain a to-do list vs. 19% of poor.
6.      67% of wealthy write down their goals vs. 17% of poor.
7.      80% of wealthy are focused on accomplishing some single goal. Only 12% of the poor do this.
8.      6% of wealthy watch reality TV vs. 78% of poor. 
9.      44% of wealthy wake up three hours before work starts vs. 3% of poor. 
10.  74% of wealthy teach good daily success habits to their children vs. 1% of poor.
11.  84% of wealthy believe good habits create opportunity luck vs. 4% of poor.
12.  76% of wealthy believe bad habits create detrimental luck vs. 9% of poor.
13.  23% of wealthy gamble. 52% of poor people gamble.
14.  70% of wealthy parents make their children volunteer 10 hours or more a month vs. 3% of poor.
15.  36% of wealthy bought only second hand cars and most kept their ordinary cars for years versus the 66% of the not so wealthy who bought luxury cars.
16.  100% of wealthy saves 20% or more vs. 2% of poor.

In addition to these lists, most of the really wealthy rarely wore designer clothes, rarely lives in expensive homes, rarely have expensive vacations, rarely bought luxury cars.  They lived way below their earning capacity, so that they could save more and multiply their money through investments and business.  Most of the really wealthy didn’t reside in upscale villages because it would only pressure them to mantain an upscale lifestyle—something they didn’t want to do.  And most didn’t change homes for 30 years or more!  They trained their kids in the values of simplicity, frugality and hard work.

Now, what about us, the middle class and the ‘masses’ or the common people?

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