Can 'rich habits' change your life?

| Brighten Youth Education Centre 13 Jun 2017

IS your morning routine holding you back? Is your after-hours schedule the reason why you're not wealthier or more successful?

That's the argument made by Thomas C Corley, author of numerous lifestyle books including Rich Habits: The Daily Success Habits of Wealth Individuals (2010) and Change Your Habits, Change Your Life (2016). Corley has spent five years researching the daily habits of 177 self-made millionaires.

He argues that daily habits dictate much about a person's life, including how happy, healthy or wealthy they might expect to be.

His work has led him to isolate several trends, some of which we are going to share with you today.

The first thing to note is that rich people read.

Corley argues that 88 percent of the people he studied devoted at least 30 minutes per day to reading for self- improvement or education, although most did not tend to read for entertainment. They also favored biographies of successful people, self-help books, or history when it came to what they read.

They also exercise - 76 percent of the group devoted at least 30 minutes per day to aerobic exercise, although this may be as much an accoutrement of wealth as a cause of it; you have to have the kind of job that supports you to the extent that you can take time off to look after yourself.

This is unlikely to happen if you're working two jobs to pay a mortgage and feed your children.

However, if you can spare the time, investing it in exercise that stimulates both body and brain equally is no bad thing.

Successful people tend to hang out with equally successful people, looking for individuals who are goal-orientated, positive, enthusiastic and optimistic. They then cultivate these relationships by getting in contact regularly and certainly on personal or professional milestones.

Lastly, they get up early, very early.

Nearly half of those Corley studies got up at least three hours before beginning their workday (well, all that time for reading and exercise has to come from somewhere).

Rising early has the psychological impact of demonstrating that you are in control of your life.

If you get up early and tackle your goals, you will then be able to manage interruptions later in the day.

Corley's work may seem like a gimmick - or at least an attempt to make himself as rich as the people he's studied. The reality is that most people who are very wealthy were born that way.

Self-made millionaires are so often the attractive subjects of books because their success seems attainable, and it is, but only very rarely, despite what writers like Corley imply.

However, while altering your lifestyle habits may not make you an overnight millionaire, it will have a beneficial impact on your well-being, work and relationships.

If you have any questions about our column, or the issues raised within it, please e-mail them to us: enquiry@englishlearning.edu.hk or contact Brighten Youth Education Centre

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