10 Things Wealthy People Do Every Day (2024)

Money / Wealth

7 min Read

By Jennifer Taylor

10 Things Wealthy People Do Every Day (1)

Money can’t buy everything, but some things can buy money — which the rich know all too well. In fact, most wealthy people have a set of habits and behaviors that they perform every day to stay focused, energized and motivated so they can continue to grow their fortunes.

So if you want to become rich like some of the most successful people in the world, copy their habits. Read on to learn what the wealthiest people do on a daily basis.

1. They Keep Their Cool

If you want to know how to become rich, start by learning to keep your emotions in check.

Certified financial planner and CPA Tom Corley, who interviewed 233 wealthy individuals and 128 poor individuals from March 2004 to March 2007 to write his book “Rich Habits,” believes maintaining one’s composure is what rich people do.

“When you allow your emotions to run high, you are literally turning off half of your brain,” Corley wrote on his Rich Habits blog in November 2016. “The prefrontal cortex shuts down when your emotions, good or bad, are allowed to run wild. This is a particularly bad thing when you experience defeat or setbacks because that is when you need your entire brain to help you to overcome defeat and setbacks.”

2. They Set (and Stick) to Goals

Figuring out how to become wealthy involves creating a plan and sticking to it.

This advice comes from Idan Shpizear, who parlayed $3,000 into a $27 million business, 911 Restoration, which helps homeowners recover from water damage. He says that focusing on goals makes the difference between survival and success.

“A lot of people jump straight to business but don’t have a vision or strategy and goals,” he said. “If you go through this process every day, your life will change.”

If you’re typically someone who likes to fly by the seat of your pants, it’s time to ditch that habit and take heed from self-made millionaires like Shpizear.

3. They Maintain a Daily To-Do List

In his book “Rich Habits,” Corley stumbled upon another finding: making daily to-do lists is one of the key habits of the wealthy. In fact, his research showed that 81 percent of the wealthy maintain a to-do list versus 19 percent of poor people.

“Successful people are goal-oriented,” Corley wrote. “They create goals all the time. Daily goals are represented in their daily to-do lists.”

If you want to start doing things rich people do, “compile a daily goal/to-do list. List only those things that have a realistic probability — 80 percent chance — of being completed that day,” he advised. “Prioritize this list and set a specific time in which to tackled them.”

When the day is over, “evaluate the to-do list,” wrote Corley. “This forces accountability.”

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4. They Don’t Watch TV

Most wealthy people don’t watch a lot of TV, according to Corley’s findings, which he revealed on his Rich Habits website.

According to him, 67 percent of wealthy people watch less than one hour of television per day versus the 77 percent of poor people who spend more than one hour in front of the TV daily. His findings have also revealed that only 9 percent of the wealthy watch reality shows, compared with 78 percent of poor people.

Clearly, if you want to be able to answer the question “How does it feel to be rich?” you need to limit your daily television time and be cognizant of the shows on your watch list.

5. They Network

Networking is one of the top millionaire secrets to success. On his Rich Habits blog, Corley revealed 79 percent of wealthy individuals network at least five hours per month, compared with only 16 percent of poor people.

To expand your professional network, tap into your existing network first. For example, reach out to your old college classmates or professors, connect with colleagues at your current job, and even ask your friends and family members if they can introduce you to people who might serve as valuable contacts.

Since most wealthy people network regularly, this step is crucial. If you connect with the right people, you’ll be able to learn how rich people think.

6. They Educate Themselves

Knowing how to become a millionaire isn’t innate, even for most wealthy people. Self-made millionaires learn how to get rich from nothing by constantly stimulating their mind.

Whether they’re listening to podcasts, reading business books or watching TED Talks, rich people have a hunger for knowledge, according to Corley. His research showed that 63 percent of wealthy people listen to audio books during their commute to work versus 5 percent of poor people.

If you’re ready to join the ranks of the rich, make learning a priority in your free time. You can find a selection of free audio books on sites such as ThoughtAudio and OpenCulture. Better yet, listen to one of the best investing books for beginners.

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7. They Invest

Investing might sound like a no-brainer. Stocks and bonds are among the things rich people buy because they understand the importance of getting a return on their investments.

The 2017 U.S. Trust Insights on Wealth and Worth survey revealed the average asset allocation of respondents was 52 percent stocks, 21 percent bonds, 20 percent cash, 3 percent hedge funds and 4 percent other.

At this point, your portfolio probably won’t mimic that of the richest man in the world, but making some extra room in your budget to invest today can make a big difference in your net worth tomorrow.

8. They Block Their Time

New York Times best-selling author Brendon Burchard — who’s been photographed next to uber-successful people like Arianna Huffington, Bill Gates, Richard Branson and Tony Robbins — is an advocate of blocking out time for yourself.

“Create scheduled blocks of time where you do only one thing,” he wrote on his website. “Use that block of time to move your life forward, to create art, to strategize, to work diligently on one important activity. If you don’t have blocks of time already set up in today’s calendar to do things that matter, you’re already losing ground.”

This is one of the things rich people do, so apply it to your own life to improve your focus.

Read This: 16 Money Rules Millionaires Swear By

9. They Know When to Call It a Day

In an article for Inc.com, entrepreneur and author Murray Newlands wrote that one of the seven rich habits of successful people is knowing when to stop working.

“Oftentimes, as a self-employed business owner, I’ll fall into that habitual trap of working long into the evening, thinking that I’ll get more work accomplished. And the irony of it is that I seldom do,” he wrote. “Stop working at 5:00 or 6:00 p.m., and do not do anything work-related — which includes checking your phone or emails — until the next day.”

Recharging the mind and body is one of the habits of the wealthy, but it doesn’t need to be expensive — so give yourself a break.

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10. They Stick to a Healthy Diet

When wondering “What do rich people eat?” you might assume they consume mostly steak and expensive red wine, but that isn’t necessarily the case.

Eating healthy is a habit of many self-made millionaires, including Tony Robbins. The entrepreneur, best-selling author, philanthropist and business strategist has been vocal about his diet, which is devoid of caffeine, alcohol, nicotine and recreational drugs, according to Business Insider.

In October 2017, Business Insider spoke with Robbins’ personal trainer Billy Beck III about the diet Beck created for his client. Beck revealed Robbins eats free-range eggs and coconut bread for breakfast, a large green salad with avocado for lunch and clean, organic protein with potatoes and vegetables for dinner.

As an enthusiast deeply entrenched in the realms of wealth-building strategies and success habits, I can affirm that the concepts outlined in the provided article are not just arbitrary suggestions but are rooted in proven principles followed by the rich and successful. Allow me to shed light on each of these concepts and provide additional insights that contribute to their efficacy:

  1. Emotional Control:

    • Tom Corley's observation on the importance of emotional control is backed by neuroscience. The prefrontal cortex, responsible for decision-making and problem-solving, is indeed affected by emotional extremes. Practicing mindfulness and emotional intelligence is crucial for maintaining composure, especially in the face of setbacks.
  2. Goal Setting:

    • Idan Shpizear emphasizes the significance of setting and adhering to goals. This aligns with the SMART criteria (Specific, Measurable, Achievable, Relevant, Time-bound) for effective goal setting. The act of daily goal setting creates a roadmap for success, fostering discipline and direction.
  3. Daily To-Do Lists:

    • Corley's findings regarding the prevalence of daily to-do lists among the wealthy resonate with time management principles. Prioritizing tasks and evaluating accomplishments at the end of the day not only enhances productivity but also reinforces a sense of achievement.
  4. Limiting TV Time:

    • Corley's research on wealthy individuals watching less TV correlates with the opportunity cost of time. Successful people often channel their time into activities that contribute to personal and professional development rather than passive entertainment.
  5. Networking:

    • Networking, a cornerstone of success, is underscored by Corley's findings. Building and leveraging professional relationships open doors to opportunities and insights. The principle of "your network is your net worth" holds true, emphasizing the value of connections.
  6. Continuous Learning:

    • Corley's assertion that wealthy individuals prioritize learning aligns with the idea of a growth mindset. Constant self-education, whether through books, podcasts, or other mediums, is a common trait among successful people, facilitating adaptability and innovation.
  7. Investing:

    • The mention of investing echoes the time-tested principle of making money work for you. Diversification, risk management, and a long-term perspective are key tenets in wealth accumulation. The U.S. Trust Insights on Wealth and Worth survey reinforces the importance of strategic asset allocation.
  8. Time Blocking:

    • Brendon Burchard's advocacy for time blocking resonates with productivity strategies. Focusing on one task at a time enhances efficiency and effectiveness. This practice aligns with the Pomodoro Technique and deep work principles.
  9. Knowing When to Stop:

    • Murray Newlands' advice on knowing when to cease work acknowledges the importance of work-life balance. Rest and rejuvenation are crucial for sustained productivity, reflecting the concept of "working smarter, not harder."
  10. Healthy Lifestyle:

    • The mention of Tony Robbins and his dietary habits emphasizes the connection between physical well-being and success. A healthy body and mind are foundational for sustained high performance, contributing to overall wealth and well-being.

In conclusion, the principles outlined in the article are not merely superficial habits but represent a holistic approach to success, encompassing emotional intelligence, goal setting, time management, continuous learning, strategic decision-making, and a focus on well-being. Adopting these habits can indeed pave the way to financial prosperity and personal fulfillment.

10 Things Wealthy People Do Every Day (2024)
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