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Rich Habits

Rich Habits

The Daily Success Habits of Wealthy Individuals
by Thomas C. Corley 2010 94 pages
3.71
1k+ ratings
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Key Takeaways

1. Develop Good Daily Habits and Set Clear Goals

"Successful people differ from unsuccessful people in their daily habits."

Identify and transform habits. Start by listing your bad daily habits and inverting them into good ones. For example, change "I watch too much television" to "I limit myself to one hour of TV per day." This process helps you recognize areas for improvement and provides a clear path to change.

Set specific goals. Create daily, monthly, yearly, and long-term goals. Break them down into actionable steps and prioritize them. Use tools like to-do lists and vision boards to keep your goals visible and achievable. Regular goal-setting and review help maintain focus and drive progress towards success.

2. Invest in Self-Improvement and Health

"Successful people engage in the process of self-improvement every day."

Continuous learning. Dedicate time each day to reading industry-related material, obtaining additional qualifications, or developing new skills. This commitment to growth expands your knowledge base and opens up new opportunities in your career.

Prioritize health. Implement a daily exercise routine and manage your food consumption. Use tools like a calorie tracker and schedule regular workouts. A healthy body and mind are crucial for sustained success and productivity in both personal and professional life.

3. Cultivate Lifelong Relationships and Practice Moderation

"To successful people, relationships are like gold."

Network strategically. Develop systems for managing relationships, such as regularly reaching out to contacts, remembering important dates, and attending networking events. Use contact management tools to keep track of important information about your connections.

Live moderately. Avoid extremes in all aspects of life, including work, eating habits, emotions, and spending. Moderation creates balance, improves relationships, and leads to better decision-making. It also helps in maintaining financial stability and long-term success.

4. Adopt a "Do It Now" Mindset and Engage in Rich Thinking

"When the thought of putting off something enters your mind, immediately cast this thought out by saying, 'Do It Now.'"

Combat procrastination. Develop a proactive approach to tasks by tackling them immediately. This habit reduces stress, improves productivity, and helps maintain control over your life and schedule.

Cultivate positive thinking. Use positive affirmations and visualization techniques to foster a success-oriented mindset. Control your exposure to negative influences and focus on gratitude. Rich thinking helps in maintaining motivation, enthusiasm, and resilience in the face of challenges.

5. Save Consistently and Control Your Thoughts and Emotions

"Successful people pay themselves first by putting ten percent of their paychecks into savings or retirement plans."

Prioritize savings. Automatically set aside 10% of your gross income for savings or investments before paying any bills. Participate fully in employer retirement plans or create your own if not available. Regular saving builds financial security and opens up future opportunities.

Master your mind. Practice emotional control by using the "Think, Evaluate, and React" technique when faced with difficult situations. Replace negative thoughts with positive ones immediately. This mental discipline leads to better decision-making and more consistent behavior.

6. Learn from Successful People's Habits

"Successful people are slaves to their good daily habits."

Emulate success. Study and adopt the habits of successful individuals in your field. These may include early rising, regular exercise, continuous learning, and strategic networking. Implementing these proven habits can accelerate your own path to success.

Seek mentorship. Find a mentor or join a program like the Rich Habits Training Program to gain guidance and accountability in developing success habits. Learning from those who have already achieved what you aspire to can provide valuable shortcuts and insights.

7. Transform Your Life Through the Rich Habits Program

"Events and circumstances will begin to manifest themselves around your positive thinking and opportunities will appear seemingly out of thin air."

Commit to change. Embrace the Rich Habits program fully for at least 30 days to see significant changes in your life. Be open to transforming all aspects of your daily routine, from your morning rituals to your evening reflections.

Track progress. Use tools like the Rich Habits Weight Management Tracking Schedule or a daily habit checklist to monitor your adherence to the program. Regular self-assessment and adjustment are key to ensuring the habits stick and lead to lasting change.

Last updated:

Review Summary

3.71 out of 5
Average of 1k+ ratings from Goodreads and Amazon.

Rich Habits - The Daily Success Habits of Wealthy Individuals presents 10 habits of wealthy people based on the author's research. Reviews are mixed, with some finding it insightful and motivational, while others criticize its simplicity and lack of scientific rigor. The book's short length and storytelling approach receive both praise and criticism. Many readers appreciate the practical advice but note that the habits are mostly common sense. Some take issue with the author's portrayal of depression and weight loss. Overall, it's seen as a quick read that may be helpful for those new to self-improvement literature.

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About the Author

Thomas C. Corley is an author who experienced a dramatic shift in his family's financial situation as a child, going from multi-millionaire status to poverty overnight. This experience inspired him to study the habits of wealthy and poor individuals. Over five years, he observed and documented the daily activities of 233 wealthy people and 128 people living in poverty, identifying over 200 daily activities that differentiated the two groups. His research culminated in his bestselling book, Rich Habits – The Daily Success Habits of Wealthy Individuals. Corley's work focuses on understanding and sharing the behavioral differences between the rich and the poor, aiming to provide insights into achieving financial success.

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