![]() If you want to get rich, here are seven “poverty habits” that handcuff people to a life of low income: 1. If you don’t have that, it’s easy to fall into what Corley calls “poverty habits.” You might not see the connection between good oral hygiene and a healthy bank account, but flossing takes discipline. The research showed wealthy people indeed have what Corley calls “rich habits.”Īmong them are they don’t watch more than one hour of TV daily, they count calories and – at the risk of sounding like your mother – they floss their teeth. Those creatures obviously have the right habits to acquire wealth, but what about the other side of that coin? Do low-income people share lifestyle habits?Ĭorley interviewed 128 Americans who make $35,000 or less in gross annual income and have $5,000 or less in liquid assets. The majority of them, 177 in all, were self-made millionaires. Those habits can be as crucial to building wealth as investing in the right stocks.Ĭorley interviewed 233 people who make at least $160,000 a year in gross income and have $3.2 million in net assets. He wanted to find out general stuff, like how they lived, what TV shows they watched, what they ate. He wasn’t out to discover the investment strategies they shared. ![]() Corley, we know what those habits are.Ĭorley is a financial planner and author who spent five years studying millionaires. What habits got us there? How did we fall into a life of anxiety over credit card bills, paying off loans and avoiding calls from debt collectors? Humans are creatures of habit, and a lot of us creatures are in debt. ![]()
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