Accountant Tom Corley makes it his business to find out how rich people become rich.
To do that, he questioned hundreds of wealthy people to find out about their habits.
And, he discovered some remarkable habits that the mega-rich all seem to have in common.
Habit #1 – They Look to the Future
We imagine that rich people spend all of their time living the high life. It’s all about fast cars, huge houses, and the many other trappings that wealth brings.
Now, those things certainly do exist for the mega-rich. However, those who make a lot of money are also very frugal.
Tom discovered that rich people tend to pay their “future selves: before they pay themselves. What that means is that they put aside 20% of their income for the future.
That leaves the other 80% to deal with the present.
Habit #2 – They Read Often
Warren Buffett is a famously keen reader and he’s one of the wealthiest people on the planet.
Reading is a habit that most rich people share.
Tom discovered that the rich spend at least 30 minutes of each day reading.
As the saying goes: Poor People have big TV’s, Rich People Have Libraries”
However, there’s a caveat to this habit.
Only 11% of them read for entertainment purposes.
That trashy novel isn’t going to help you get rich. But, reading the biography of self-made ‘world changer’ might.
Habit #3 – They Set Goals
There’s a big difference between setting goals and wishing for something.
A goal is something concrete that you can work towards. A wish may never happen because it’s outside of the realms of possibility.
Tom found that 70% of rich people set themselves an achievable goal each year.
The numbers fall off a cliff for poorer people. In fact, only 3% of those in the lowest income brackets mirror this behavior.
Own Cash Generating Asset
But, you know the most common trait of all the rich people I know is this. They invest in, build, and own cash generating assets.
And, one of the best types of assets to own is an Amazon business.
Why? Well for one, they can generate great cash flow, because you get access to 10’s of millions of Amazon’s customers.
Secondly, they are easy to run because Amazon handles getting your product to customers for you.
And, thirdly, you can sell them for up to 3 x yearly profit, so they give you a big pay-day once your sales are at a healthy level.
You just need to find the right product to sell. This Amazon Webinar will get you started the right way.