20 Habits of Wealthy People vs Poor People
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20 Habits of Wealthy People vs Poor People
Posted by Bayou Tiger on 8/5 at 7:15 pm
Tom Corley is a CPA who interviewed ~350 people and evaluated habits of rich people versus poor people. He wrote a book about it.

50% of my habits are "wealthy" and 50% are "poor"

LINK

It's not quite what I was expecting before I read his habits - guess I'll have to keep getting by with experience and work ethic.

My "poor people habits":
Not focused on a single goal, don't exercise 4 days a week, don't listen to audiobooks on the way to work, don't make children read 2 or more non-fiction books per month, don't make children volunteer 10 hours or more per month, don't make happy birthday calls, don't read 30 minutes or more per day for education/career, say what's on my mind, don't network 5 hours or more each month, don't wake up 3 hours before work starts (starts at 7 AM)



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Posted by Meauxjeaux on 8/5 at 7:24 pm to Bayou Tiger
He could have boiled it all down to one item on that list that encompasses traits of the all the others:

quote:

14. 6% of wealthy watch reality TV vs. 78% for poor.


/poor



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Posted by jimbeam on 8/5 at 7:33 pm to Bayou Tiger
I must be poor


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Posted by TigerMan327 on 8/5 at 7:44 pm to Bayou Tiger
quote:

6. 63% of wealthy parents make their children read 2 or more non-fiction books a month vs. 3% for poor.


quote:

7. 70% of wealthy parents maketheir children volunteer 10 hours or more a month vs. 3% for poor.



No way either of these are true.. and.. it's not volunteering if someone MAKES you do it.



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Posted by Fat Bastard on 8/5 at 7:47 pm to Bayou Tiger
wow. that is a list with tons of facts in it. good read.


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Posted by Kill Switch on 8/6 at 6:41 am to Bayou Tiger
quote:

11. 6% of wealthy say what’s on their mind vs. 69% for poor.



This is the one that sticks out to me. Do the wealthy not speak their mind in fear of consequences or do the poor speak their minds because of a "nothing to lose" attitude???

ETA: Or is it a combination of both???


This post was edited on 8/6 at 6:43 am

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Posted by Lsut81 on 8/6 at 6:45 am to Kill Switch
quote:

Do the wealthy not speak their mind in fear of consequences or do the poor speak their minds because of a "nothing to lose" attitude???


I'd say the former...

Successful people know when to stfu and what the consequences could be. They choose and pick their battles appropriately.




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Posted by C on 8/6 at 8:04 am to Lsut81
Yeah I have to say me keeping my mouth shut has been a key factor in my success. I generally talk to the bosses when appropriate and not in a setting that would catch them off guard or without the ability to change their opinion.


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Posted by LSURussian on 8/6 at 8:08 am to Bayou Tiger
6/20


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Posted by Kill Switch on 8/6 at 8:13 am to Lsut81
quote:

Successful people know when to stfu and what the consequences could be. They choose and pick their battles appropriately.


My thoughts also, just wondering what everyone else thought.



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Posted by TheIndulger on 8/6 at 8:17 am to Bayou Tiger
quote:

I find it challenging to read this list and not be offended. When you have money (wealth) it's easy to have time to work out, read, volunteer, and dream. When you are working from paycheck to paycheck your dream is to provide food on the table for that night. The poor aren't always poor because of bad financial habits, especially with the recent economy issues. I'm disappointed in this list and the negative stigma it places on the "poor" and the arrogance it encourages on the "wealthy".



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Posted by TheIndulger on 8/6 at 8:18 am to Kill Switch
quote:

11. 6% of wealthy say what’s on their mind vs. 69% for poor.


This one is pretty funny



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Posted by TheDiesel on 8/6 at 8:20 am to Kill Switch
"poors" tend to speak without thinking about the consequences. I have trashy family members that will forever be poor and live paycheck to paycheck because they continually refuse to think through their decisions and actions.

Watching shitty reality TV and seeing others use this behavior only makes it worse.



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Posted by Oenophile Brah on 8/6 at 8:36 am to TheIndulger
quote:

I find it challenging to read this list and not be offended. When you have money (wealth) it's easy to have time to work out, read, volunteer, and dream. When you are working from paycheck to paycheck your dream is to provide food on the table for that night. The poor aren't always poor because of bad financial habits, especially with the recent economy issues. I'm disappointed in this list and the negative stigma it places on the "poor" and the arrogance it encourages on the "wealthy".

I saw this comment also. The butthurt is strong with that one.

Offended by a list of behaviors.



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Posted by dcrews on 8/6 at 8:36 am to Bayou Tiger
Decent list, but I'm curious. Are the responses given responsible for the outcome (poor/wealthy), or is the outcome responsible for the responses given?

Ex: If I said wealthy individuals invest a double digit percentage into their 401k while the poor do not. Clearly those responses are based heavily on wealthy/poor status being the cause and not the effect.



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Posted by C on 8/6 at 8:36 am to Bayou Tiger
Here is the full list and I've bolded the ones that apply to me:

1. 70% of wealthy eat less than 300 junk food calories per day. 97% of poor people eat more than 300 junk food calories per day. 23% of wealthy gamble. 52% of poor people gamble.

2. 80% of wealthy are focused on accomplishing some single goal. Only 12% of the poor do this.

3. 76% of wealthy exercise aerobically 4 days a week. 23% of poor do this.

4. 63% of wealthy listen to audio books during commute to work vs. 5% for poor people.

5. 81% of wealthy maintain a to-do list vs. 19% for poor.

6. 63% of wealthy parents make their children read 2 or more non-fiction books a month vs. 3% for poor. (kids aren't old enough to read, but I read to them nightly.)
7. 70% of wealthy parents make their children volunteer 10 hours or more a month vs. 3% for poor.

8. 80% of wealthy make hbd calls vs. 11% of poor

9. 67% of wealthy write down their goals vs. 17% for poor

10. 88% of wealthy read 30 minutes or more each day for education or career reasons vs 2% for poor.

11. 6% of wealthy say what’s on their mind vs. 69% for poor.

12. 79% of wealthy network 5 hours or more each month vs. 16% for poor.

13. 67% of wealthy watch 1 hour or less of TV. every day vs. 23% for poor

14. 6% of wealthy watch reality TV vs. 78% for poor.

15. 44% of wealthy wake up 3 hours before work starts vs.3% for poor.

16. 74% of wealthy teach good daily success habits to their children vs. 1% for poor.

17. 84% of wealthy believe good habits create opportunity luck vs. 4% for poor.

18. 76% of wealthy believe bad habits create detrimental luck vs. 9% for poor.

19. 86% of wealthy believe in life-long educational self-improvement vs. 5% for poor.

20. 86% of wealthy love to read vs. 26% for poor



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Posted by cwill on 8/6 at 9:36 am to C
quote:

14. 6% of wealthy watch reality TV vs. 78% for poor.


All women must be poor.



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Posted by greenwave on 8/6 at 9:56 am to TheDiesel
quote:

"poors" tend to speak without thinking about the consequences. I have trashy family members that will forever be poor and live paycheck to paycheck because they continually refuse to think through their decisions and actions.


Haha yeah I thought of Facebook when I read that one. All the critters on there really like to tell you what they think.



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Posted by Powerman on 8/6 at 10:47 am to TheIndulger
quote:


This one is pretty funny

Also seems very situation based

I'd bet wealthy people are more likely to speak up in an environment like the doctor's office than poor people.



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Posted by Zach on 8/6 at 11:38 am to Bayou Tiger
I'm 14 wealthy
6 poor



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