There is a short, but excellent article summarizing Tom Corley’s research he published in his best-selling book “Change Your Habits, Change Your Life,” on what financially successful people do in comparison to lower earning individuals. I have added my own commentary to several, but do read his article.
- They get up early
Well begun, half done, so goes the saying. It is not getting up early that matters as much as what you do when you are up. Getting up early allows for several other habits take hold–exercise, reading, quiet contemplation. One excellent practice is known as morning pages whereby you aim to write 750 words fist thing.
- They read, a lot
Feed your wisdom/knowledge and Strategic Thinking. His research suggests that you are better focusing on non-fiction such as biographies. What should you read? Here are a few lists to get you started:
- They spend 15 to 30 minutes each day on focused thinking
Perhaps this can be split into two parts: Focused thing vis-a-vis your goals and tasks at hand, and focused attending to yourself such as a mindful practice. Tim Ferris figures 85% of his guests on his excellent podcast have some sort of contemplative practice.
- They make exercise a priority
Research shows Cardio exercise is not just good for the heart and waist, but your brain as well from stress and anxiety to depression and many others. Watch John Ratey explain
- They spend time with people who inspire them
Role models and mentors are powerful inspiration. Chris Peterson famously summed a life worth living as “Other People Matter:
The Greater Good Society reports that “Results from some studies—as well as end-of-life conversations—indicate that many people count their relationships as the most meaningful part of their lives, even when those relationships are difficult or strained.” There is one special relationship that matters: Mentors:
- They pursue their own goals
The Ritz Carelton has curated seven great TED Talks on goal-setting and how to follow through on your dreams.
- They get enough sleep
You need sleep to draw on vitality. Tom Rath explains getting Fully Charged:
- They have multiple incomes
Obviously financial wealth requires income. Multiple incomes take precedence especially if they are self-sustaining. Tim Ferris explains in his book the Four Hour Work Week.
- They avoid times wasters
Hopefully you do not see this blog as a time waster. Even the pope has spoken out against Digital Media filters: “When media and the digital world become omnipresent, their influence can stop people from learning how to live wisely, to think deeply and to love generously,” he wrote in the letter.