Poverty Habits

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Poor Habits are self-sabotaging daily behaviors that perpetuate poverty, poor health, and stagnation.

• Spending 100% of What You Earn
• Envy & Jealousy
• Anger & Resentment of the Rich
• Bad Eating Habits
• Drinking in Excess
• Supersizing Your Life When You Come Into Money
• Lifestyle Creep – Increasing your standard of living/cost of living incrementally, as your income increases
• Victim Mindset
• Funding Your Lifestyle With Debt
• Financial Illiteracy
• Reading For Entertainment and Not For Leaning
• Watching/Streaming More Than 1 Hour of TV a Day
• Spending More Than 1 Hour a Day on Social Media Entertainment
• Negative Thinking
• Lack of Goals and Dreams
• Gossiping
• Not Exercising Daily
• Gambling Frequently
• Relaying on One Source of Income
• Believing Fate or Luck Determines Your Financial Circumstances in Life
• Emotional or Impulsive Spending
• Not Pursuing Daily Self-Improvement
• Lazy Work Ethic

Examples of Rich Habits

• Hard Work Ethic
• No Fear of Failure – High Risk Tolerance
• Frugality
• Smart Spending Habits
• Daily Self Improvement
• Reading to Lear 30 Minutes or More Every Day
• Eating Healthy, Nutritious Food
• Exercising 30 Minutes or More At Least 4 Days a Week
• Forging Strong Relationships With Influencers/Power Brokers
• Pursuit of Dreams and Goals
• Saving 10% or More of Your Net Income
• Creating Multiple Streams of Income
• Limiting TV/Streaming/Social Media to Less Than 1 Hour a Day
• Expressing Gratitude Daily
• Maintaining a Positive Mental Outlook
• Seeking Mentors in Your Field/Industry/Company
• Self-Awareness of Your Daily Habits

These are some examples. You can find all of the Rich Habits and Poor Habits in my newly release book – Rich Habits, 2nd Edition.

Tom Corley is an accountant, financial planner and author of “Rich Kids: How to Raise Our Children to Be Happy and Successful in Life”, “Effort-Less Wealth”, “Change Your Habits Change Your Life”, “Rich Habits Poor Habits”, “Rich Habits: The Routines Millionaires Use Daily to Build Wealth” and “Rich Habits Wealth Academy.”

Tom Corley

Tom Corley is an accountant, financial planner, public speaker, and author of the books “Effort-Less Wealth: Smart Money Habits At Every Stage of Your Life” and “RichKids: How to Raise Our Children to Be Happy and Successful in Life“.  Corley’s work has appeared on CNN, USA Today, The Huffington Post, SUCCESS Magazine, and many other media outlets and podcasts in the U.S. and 27 other countries. Tom is a frequent contributor to Business Insider and CNBC.