on 28 Feb 2017 1:49 PM
Tags:
  • business reluctance
  • relationship with money
  • rich people
  • poor people
  • rich habits
  • poor habits
  • money phobia
  • money reluctance
Author: Tom Corley

Habits are stored by the brain in the Basal Ganglia, a golf-ball-size mass of tissue smack in the center of the brain. Habits save the brain work. When a habit is formed and stored in this region, the rest of the brain stops fully participating in any decision making with respect to that habit. There is very little processing power involved with respect to habits.

Here’s the shocking thing: 40% of all of our daily activities are habits. This means that 40% of the time we are all on auto pilot. We are thinking and doing things without the rest of the brain even being aware of the activity. We don’t realize how significant habits are in our daily lives. Habits make us who we are.

Any mental thought, often repeated, becomes a habit. Habitual thoughts make you who you are. Poor people are poor and rich people are rich because of the way they habitually think. Their habitual thinking comes first and their habitual activities follow. If you habitually think in a certain way you will habitually act in a certain way. Greatness requires great thoughts. To become rich you have to learn how to think like a rich person. To avoid poverty you have to understand how not to think.  Let’s look at the latest research on how poor people think.

POOR PEOPLE THINK & BELIEVE:

  • 87% of poor people think you must be intellectually gifted in order to become wealthy 
  • 90% of poor people think fate determines your wealth or poverty in life
  • 13% of poor people think/thought they will/would be successful in life
  • 11% of the poor think creativity is critical to financial success
  • 80% of the poor think genetics are critical to success
  • 18% of the poor think they are the cause of their financial condition
  • 77% of the poor think lying is a prerequisite for accumulating wealth
  • 2% of the poor meditate daily
  • 90% of the poor think rich people are rich because their parents were rich and they inherited money
  • 22% of poor people think optimism is important to success
  • 5% of poor people think rich people are good, hardworking and honest
  • 52% of poor people believe wealth is accidental; a function of random luck

Now let’s look at how rich people think about the same things.

RICH PEOPLE THINK & BELIEVE:

  • 10% of rich people think you must be intellectually gifted in order to become wealthy
  • 10% of rich people think fate determines your wealth or poverty in life
  • 43% of rich people think/thought they will/would be successful in life
  • 75% of the rich think creativity is critical to financial success
  • 6% of the rich think genetics are critical to success
  • 79% of the rich think they are the cause of their financial condition  
  • 15% of the rich think lying is a prerequisite for accumulating wealth
  • 17% of the rich meditate daily
  • 5% of the rich think people are rich because their parents were rich and they inherited money
  • 54% of rich people think optimism is important to success
  • 78% of rich people think that rich people are good, hardworking and honest
  • 4% of rich people believe wealth is accidental; a function of random luck

If you want to become wealthy you need to stop thinking like a poor person and start thinking like a rich person.  The easiest way to get started to richness is to add a couple of Rich Habits.  Here’s why. Life is like a seesaw. On one side of the seesaw are your Poverty Habits and on the other side are your Rich Habits. If you have more Poverty Habits than Rich Habits you will be poor. If you have more Rich Habits than Poverty Habits you will be rich. Adding just two or three Rich Habits is all it takes to change your life and get your seesaw tipping in the right direction. The interesting thing is that Rich Habits are like dominoes. When you add a Rich Habit it changes your other habits. Adding Rich Habits actually makes it easier to eliminate your Poverty Habits.

Let me give you an example. Suppose you add the Rich Habit of jogging 20-30 minutes every day. What happens? You begin to lose weight. Someone notices and compliments you. You feel good. So you keep exercising. More people notice and they compliment you. You feel even better than before. Now you start to crave more of those compliments. So you start to watch what you eat. You throw in a few vegetables and throw out a few bags of potato chips. The number of junk food calories you eat (a Poverty Habit) starts to go down. Then you decide to jog even more. But the problem is you smoke cigarettes and you cough like a maniac after every jog. You decide to cut back on smoking cigarettes (a Poverty Habit), maybe even eliminate them.

This is the power of the Rich Habits. No will power required. When you add a few Rich Habits to your daily routine they compete with and eventually overpower your Poverty Habits. Your seesaw then begins to tip in the right direction….. towards success!

 

- Tom Corley, Author of ‘Rich Habits – The Daily Success Habits of Wealthy Individuals’