Dave Ramsey published a list of habits of the wealthy versus the poor. I used it in part to compile my own list of positive life habits I wanted to adopt for myself. I use the list from my previous post as a guide to success and kind of a mission statement to keep me in check. Building wealth or success takes dedication beyond anything I have experienced in my life.
But as I am realizing, once you understand the formula it becomes easier to duplicate success in other areas of your life. Millionaires will tell the story of losing millions several times over, yet start again from scratch and ascend like the pheonix. Ever wondered how? The answer is found in the formula I discussed in my first few posts: 1. determine what it is that you desire and state it, 2. determine what you are willing to sacrifice to get what you desire, 3. develop a persistent, unrelenting attitude, 4. have faith, 5. develop organized planning and 6. execute.
My contemplation time recently has me wondering about the life habits of those that do not succeed? In this instance I am referring to success as it relates to money, wealth. And it all comes down to life habits; some encourage success and some do not encourage success.
Ramsey’s organization interviewed 365 wealthy and 365 poor. Although 365 people is possibly too small a sample for a scientific survey, it still provides insight into habits that we should avoid and some we should develop. And the list made sense to me, meaning nothing on the list seemed outlandish or inconceivable. Therefore I used the information although I would never consider 365 enough for a scientific survey.
So here is Ramsey’s quick comparison of wealthy habits versus poor habits (remember, wealthy is defined as household income exceeding $150,000 and poor as under $30,000):
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.
2. 80% of wealthy are focused on accomplishing some single goal. Only 12% of the poor do this.
3. 76% of wealthy exercise aerobically four days a week. 23% of poor do this.
4. 63% of wealthy listen to audio books during commute to work vs. 5% of poor people.
5. 81% of wealthy maintain a to-do list vs. 19% of poor
6. 63% of wealthy parents make their children read two or more non-fiction books a month vs. 3% of poor.
7. 70% of wealthy parents make their children volunteer 10 hours or more a month vs. 3% of poor.
8. 80% of wealthy make Happy Birthday calls vs. 11% of poor.
9. 67% of wealthy write down their goals vs. 17% of poor.
10. 88% of wealthy read 30 minutes or more each day for education or career reasons vs. 2% of poor.
11. 6% of wealthy say what’s on their mind vs. 69% of poor.
12. 79% of wealthy network five hours or more each month vs. 16% of poor.
13. 67% of wealthy watch one hour or less of TV every day vs. 23% of poor.
14. 6% of wealthy watch reality TV vs. 78% of poor.
15. 44% of wealthy wake up three hours before work starts vs. 3% of poor.
16. 74% of wealthy teach good daily success habits to their children vs. 1% of poor.
17. 84% of wealthy believe good habits create opportunity luck vs. 4% of poor.
18. 76% of wealthy believe bad habits create detrimental luck vs. 9% of poor.
19. 86% of wealthy believe in life-long educational self-improvement vs. 5% of poor.
20. 86% of wealthy love to read vs. 26% of poor
21. 23% of wealthy gamble. 52% of poor people gamble.
Hopefully you are motivated to inventory your habits and make changes to help you become more productive. Wealthy/successful people do not stumble upon a pot of gold. They design their lives in a very paticular manner to give themselves the best possible chance for success!