A recent blog entry by Dave Ramsey quotes Tom Corley, on his website RichHabitsInstitute.com, outlining a few of the differences between the habits of the rich and the poor. I have summarized these differences in the table below, which makes the comparison a bit more readable.
|Percent of Wealthy||Activity||Percent of Poor|
|70||Eat less than 300 junk food calories per day||97|
|80||Focus on accomplishing some single goal||12|
|76||Exercise aerobically four days a week||23|
|63||Listen to audio books during commute to work||5|
|81||81% of wealthy maintain a to-do list||19|
|63||Parents make their children read two or more non-fiction books a month||3|
|70||Parents make their children volunteer 10 hours or more a month||3|
|80||Make Happy Birthday calls||11|
|67||Write down their goals||17|
|88||Read 30 minutes or more each day for education or career reasons||2|
|6||Say what’s on their mind||69|
|79||Network five hours or more each month||16|
|67||Watch one hour or less of TV every day||23|
|6||Watch reality TV||78|
|44||Wake up three hours before work starts||3|
|74||Teach good daily success habits to their children||1|
|84||Believe good habits create opportunity and luck||4|
|76||Believe bad habits create detrimental luck||9|
|19||Believe in lifelong educational self-improvement||5|
|86||Love to read||26|
There’s no question that these are habits which will improve one’s mind and create an environment where the chances for wealth-building are increased. There’s no guarantee that you’ll get rich if you do every one of these things (or don’t, as the case may be), but your odds of strengthening your position in life are radically increased.
I will be looking at this list closely as I determine what worked during this past year, what didn’t work, and what’s next.
Apparently Dave’s blog post attracted a storm of ignorant and negative comments, so he added some commentary which is worth the read.
The Old Wolf has spoken.