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Author: Tan KW   |   Latest post: Sat, 21 Jan 2017, 12:00 AM

 

10 things rich people do which poor people don't

Author: Tan KW   |   Publish date: Sun, 1 Dec 2013, 10:45 PM


 

ARE rich people just good with money or is there something a little deeper underpinning their success?

Most people would agree that certain lifestyle choices and daily habits are as valuable in the quest for wealth as a sound understanding of finances.

On the flipside, there's a bunch of stuff you should never, ever do if financial security is one of your main goals.

Two American wealth gurus have combined these two ideas into an excellent list this week.

What happened was, wealth guru Tom Corley wrote a list of 10 rich habits that will make you rich, followed by 18 poverty habits that are keeping you poor. You can read it here.

Then along came another wealth guru, Dave Ramsey, who helpfully condensed Corley's ideas into a 20-point list of his own. You can read that list here.

For your sake, we've boiled this thing down even further. Here are 10 things which rich people do and poor people don't. And as we've already said, these things have nothing to do with money.

1. EAT RIGHT

Corley undertook his own research on the habits of rich people and poor people - by interviewing real people - and he found that 70 per cent of wealthy people eat less than 300 junk food calories each day. By contrast, 97 per cent of poor people eat more than 300 junk food calories per day.

2. KEEP YOUR CARDS CLOSE TO YOUR CHEST

 

Only fools disclose what's really on t...

Only fools disclose what’s really on their mind.

 

Are you the sort of person who blurts out every thought on their mind? Stop it. It's not making you seem bold or cool or visionary or anything, but is in fact labelling you as dangerous, potentially treasonous and definitely not the sort of person who will ear promotions. Corley found that 11.6 per cent of wealthy people say what's on their mind, compared to a whopping 69 per cent of poor people.

3. SET GOALS

Eighty per cent of wealthy people are focused on accomplishing some single goal, compared to just 12 per cent of poor people. And wealthy people are four times as likely to write down their goals as poor people. Corley has some great stuff on his blog about the difference between a wish and a goal.

4. KEEP FIT

Well, you know what they say about healthy body, healthy mind. According to our American friends, 76 per cent of wealthy people exercise aerobically at least four days a week. Only 23 per cent of poor people do this.

5. BE ORGANISED

It's almost too simple to be true, but 81 per cent of wealthy people keep a to-do list. Just 19 per cent of poor people do this. Want a good tip? Try an old-fashioned bit of paper. Crossing stuff off with a pen just feels good.

6. READ

 

Interestingly, the authors also found that wealthy people tend to read to their kids way more than people do.

Interestingly, the authors also found that wealthy people tend to read to their kids way more than people do.

 

A massive 88 per cent of wealthy people read material which relates to their education or career for at least 30 minutes each day, while just 2 per cent of poor people do likewise. Want to swim in an Olympic Pool of $100 bills? Then stop playing Angry Birds and pick up a book.

7. RING GRANDMA

Corley found that 80 of rich people make Happy Birthday calls compared to just 11 per cent of poor people. And while we're not suggesting that ringing Grandma will MAKE you rich, this stat does speak to the old adage: "if you want something done, give it to a busy person".

8. DON'T WATCH BIG BROTHER

We all know that watching reality TV will turn your brain to eggplant or possibly mashed zucchini. Either way, you are indulging in the number one activity which keeps nobodies from becoming somebodies. Corley found that 67 per cent of wealthy people watch an hour or less of TV each day - and that just 6 per cent watch reality TV. Yes, just 6 per cent, compared to 78 per cent of poor people.

9. DON'T PUNT

Only 23 per cent of wealthy people gamble, compared to 52 per cent of poor people. Bear in mind these stats pertain to Americans, so the number of gamblers is likely significantly higher here in Australia.

10. RUN YOUR OWN RACE

 

It might not hurt to run to the side of the road a little, both literally and figuratively.

It might not hurt to run to the side of the road a little, both literally and figuratively.

 

The advice to run your own race isn't contained anywhere in the material published by the American wealth guys this week. But the irony of lists like these is that you'll never get anywhere in life if you follow everything word for word. Take the bits that apply to you, but remember to be a little flexible and do things your way.

… AND ONE LAST THOUGHT

The author of this piece is firmly of the belief that a lot of poor people are simply too busy or disadvantaged one way or another to change their situation. Not everyone has the luxury of being able to pick themselves up.

That said, there's a great comment on Dave Ramsey's blog which offers hope to all. Writes "Poornomore":

"I was born poor, raised in poverty and watched my parents die that way. I worked hard, eliminated my bad habits, started doing what the wealthy did. Mostly I stopped blaming others for my lack of wealth. Now I am wealthy, and help others who want to be helped."

 

http://www.news.com.au/business/things-rich-people-do-which-poor-people-dont/story-e6frfm1i-1226768722971

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  3 people like this.
 
KCLoh So many what rich people vs poor people article! The the rich people always portray in positive light! How about those rich people who are doing immoral business slavering millions along the way! Even the Apple handphone you bought has already send dozens to commit suicide!
01/12/2013 23:29
Jonathan Keung very good article. do not blame others for your own dilemma (or lack of progress ).
02/12/2013 09:38
sharem It is God who has given people the ability to produce wealth to become rich. So when one is rich dont forget the poor and needy. To me I notice rich people are stingy and poor people are generous. The rich keep the wealth to themselves and the poor outgive the rich.
02/12/2013 13:34
KCLoh Sharem! Nice observation! If you go to villages, the poor are very warm and welcoming you into their houses asking nothing in return! Try doing the same in city and visit those rich people houses!
02/12/2013 13:37
Kelvin Tsai Posted by sharem > Dec 2, 2013 01:34 PM | Report Abuse

It is God who has given people the ability to produce wealth to become rich. So when one is rich dont forget the poor and needy. To me I notice rich people are stingy and poor people are generous. The rich keep the wealth to themselves and the poor outgive the rich.

unquote

Sharem .... you are absolutely right ! Most rich people are stingy and selfish - this is why they are rich and become richer and richer whereas those poor people become poorer and poorer as they are generous and help and donate to those needy ! I strongly believe in Karma teaching, that is at the end of the day, those kind heart and generous ' poor ' people have all the good deeds credit in their life account and these creidts will convert into blessings and in turn these blessings will overflow and pass over to their next and next generations !
02/12/2013 14:08
KCLoh Helping out at Befrienders years ago, I was shocked to hear and met so many rich children having so much unhappiness in their lives! They main complaints are their parents pushing them too hard or they are never good enough! Worst, they develop mental illness that we don't see but forever makings them danger to others!
02/12/2013 14:12
Fat Cat Tim Buddy 心中富有才是最重要
02/12/2013 19:53
Lauri Flaquer Hello Tan Kw,
I am Tom Corley's publicist and Tom is the author of the bestselling book Rich Habits. Tom is very grateful that you have published this blog and he would like to send something to you. If you will contact me I will put you in touch with Tom.
Thank you, Lauri
09/02/2014 10:12


 

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