Habits of Rich People That Make Them Successful

The number of billionaires grew to whopping 2,755 people in 2021. We might think that these people are lucky, but when it comes to billion-dollar wealth, luck isn’t the only component at play here.

5-Minute Crafts learned about the habits that wealthy people use to sustain and increase their net worth.

They choose healthy food.

“Millionaires prioritize their health,” says Tom Corley, the author of Rich Habits: The Daily Success Habits of Wealthy Individuals. “87% of the rich ate less than 300 junk food calories a day whereas 97% of the poor ate more than 300 junk food calories a day.”

Poor or unhealthy food greatly affects our well-being, including our brain activity. A brain that doesn’t receive enough energy will think slower and be able to concentrate less on tasks. The attention span will dissipate faster as well.

A diet rich in vegetables, fruits, grains, fish, and lean meats can provide a stable mood. It has been proven that people who eat a balanced diet are less likely to suffer from depression.

They don’t waste time on TV or the internet.

Tom Corley found out that 2/3 of rich people watch TV less than 1 hour a day. 63% spend less than an hour on the internet on things that are unrelated to their job.

The stats are a bit different among less wealthy people. 77% of those struggling financially spend an hour or more a day watching TV. 74% spend one hour or more on the internet for recreational purposes.

Instead of empty and useless free time, successful people use their free time more productively. They spend extra hours on self-development, volunteering, communication, looking for additional sources of income, or something else that can be useful to them in the future.

They read books or listen to them.

According to Thomas Corley’s research, 88% of wealthy people allocate time to reading on a daily basis to learn more about their sphere of work. 85% of respondents said that they read at least 2 books a month. 63% of the rich listen to audiobooks.

It has been proven that reading helps improve memory, stimulates brain activity, and reduces the risk of dementia in old age. Regular reading can also increase your intelligence level.

Billionaires often make reading one of their daily rituals, and prefer educational literature to fiction, as a rule. This allows them to not only maintain brain activity but also to constantly work on self-improvement.

They live within their means.

Wealthy people are aware of their income and understand how much they can spend and how much they should save. Most people struggling financially oftentimes live beyond their means. They spend more than they earn and that’s why they end up in constant debt.

There are 2 useful habits that help the rich live without financial difficulties: the ability to save money and their ability to create a list of expenses based on their total budget.

They work a lot.

Wealth and a life without work are not synonyms. The financial success of wealthy people would be impossible without their immense readiness to work. Most billionaires spend no less than 60 hours a week on their work. This is much more than was commonly believed.

They don’t feel shy about asking for advice from their mentors.

Successful people are often inspired by other people’s examples before taking any crucial steps. The support of a more experienced person can often show the right path, save you from hasty and imprudent decisions.

They always set goals and move toward them.

German researcher Rainer Zitelmann found out that the rich are goal-oriented unlike anyone else. At the same time, their goals are not abstract but certain and achievable. These people are normally attentive to detail and scrupulous on their way to the goals they set. They are not prone to giving empty promises and try to keep their word, which makes their business partners and investors trust them.

They sleep no less than 7 hours a day but they wake up early in the morning.

According to Thomas Corley’s research, 93% of billionaires sleep no less than 7 hours a night. Healthy sleep allows the body to restore energy and has a positive effect on overall well-being.

At the same time, 44% of wealthy people in the same study confessed that they wake up at least 3 hours before the start of their working day.

They don’t put things off.

Successful people understand that postponed business tasks can bring negative consequences like the disappointment of clients and employees, and the worsening of relationships with their partners. That’s the reason that most of them prefer to act immediately instead of putting things off.

They don’t keep everything in their heads.

According to Thomas Corley’s research, 81% of the rich make task lists. It helps them focus on the main things and not forget other things. Moreover, this approach helps them assess the volume of work they need to do.

They allocate time for sports.

Wealthy people are usually athletic. According to Thomas Corley’s data, 63% of billionaires played sports in high school and continued to be athletic later in life. 76% of the rich claimed that they do physical exercise for no less than 30 minutes 4 times a week. Just like healthy food, exercise helps provide the body with energy and helps sustain a good mood. Also, physical activity has a positive effect on sleep.