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10 Daily Habits that Will Change Your Life - Here's How...

What Millionaires are saying you need to get ahead in 2024

Hey there!

Welcome to the WOLF Financial Newsletter.

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Tom Corley is a best-selling author and international speaker.

He studied multi-millionaires for 5 straight yearsโ€ฆ

Then wrote an award-winning book discussing what he found.

Here are 10 habits that made millionaires rich:

๐Ÿญ) ๐—ง๐—ต๐—ฒ๐˜† ๐—ฏ๐˜‚๐—ถ๐—น๐˜ ๐—บ๐˜‚๐—น๐˜๐—ถ๐—ฝ๐—น๐—ฒ ๐˜€๐˜๐—ฟ๐—ฒ๐—ฎ๐—บ๐˜€ ๐—ผ๐—ณ ๐—ถ๐—ป๐—ฐ๐—ผ๐—บ๐—ฒ

76% were self-made and had an average net worth of over $4M.

The average millionaire has 7 streams of income.

  • Salary

  • Royalties

  • Dividends

  • Side Hustles

  • Capital Gains

  • Rental Income

  • Interest Income

Income is speed and the more sources you have the faster you hit your financial goals.

๐Ÿฎ) ๐—ง๐—ต๐—ฒ๐˜† ๐—ฟ๐—ฒ๐—ฎ๐—ฑ ๐—ฏ๐—ผ๐—ผ๐—ธ๐˜€ (๐—ฎ ๐—น๐—ผ๐˜ ๐—ผ๐—ณ ๐˜๐—ต๐—ฒ๐—บ)

88% of millionaires read every day to learn more about their job and industry.

85% read 2 books per month.

Here are their top 3 genres:

  • History

  • Self-Help

  • Bios of the successful

๐Ÿฏ) ๐—ง๐—ต๐—ฒ๐˜† ๐˜€๐—ฒ๐—ฒ๐—ธ ๐—ฎ๐—ฑ๐˜ƒ๐—ถ๐—ฐ๐—ฒ & ๐—ณ๐—ฒ๐—ฒ๐—ฑ๐—ฏ๐—ฎ๐—ฐ๐—ธ

Millionaires are always trying to be the best version of themselves.

You do this by listening to feedback on what works and what doesnโ€™t.

This provides them with the information they need to succeed.

๐Ÿฐ) ๐—ง๐—ต๐—ฒ๐˜† ๐—ฑ๐—ผ๐—ป๐—ฎ๐˜๐—ฒ

72% of millionaires donate their time 5 hours a month.

If you canโ€™t volunteer your time, you can also donate:

  • Food

  • Money

  • Clothes

  • Be emotionally available

Little things count.

๐Ÿฑ) ๐—ง๐—ต๐—ฒ๐˜† ๐˜๐—ฎ๐—ธ๐—ฒ ๐—ฐ๐—ฎ๐—ฟ๐—ฒ ๐—ผ๐—ณ ๐˜๐—ต๐—ฒ๐—ถ๐—ฟ ๐—ต๐—ฒ๐—ฎ๐—น๐˜๐—ต

76% of millionaires exercise at least 30 minutes a day 4 days a week.

Their favorite exercises were:

  • Biking

  • Walking

  • Running

93% of millionaires also slept at least 7 hours a night.

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Communicated - Disclaimer

๐Ÿฒ) ๐—ง๐—ต๐—ฒ๐˜†โ€™๐—ฟ๐—ฒ ๐—ด๐—ผ๐—ฎ๐—น-๐—ผ๐—ฟ๐—ถ๐—ฒ๐—ป๐˜๐—ฒ๐—ฑ

92% of millionaires set goals.

This enables them to work towards their dreams (instead of only building someone elseโ€™s) and avoid distractions from their long-term plan.

You can do this by writing down 3 goals and revisiting them every 3 months.

๐Ÿณ) ๐—ง๐—ต๐—ฒ๐˜†โ€™๐—ฟ๐—ฒ ๐—ผ๐—ฝ๐˜๐—ถ๐—บ๐—ถ๐˜€๐˜๐˜€

Millionaires rely on their network and relationships to find opportunities and help each other succeed.

This isnโ€™t possible for cynics.

Studies show those who are most cynical make the least amount of money.

This isnโ€™t a coincidence.

๐Ÿด) ๐—ง๐—ต๐—ฒ๐˜† ๐˜€๐—ฎ๐˜ƒ๐—ฒ

49% of self-made millionaires saved 20% or more of their income.

Theyโ€™re able to do this because they donโ€™t keep up with the Joneses.

They have nothing to prove, so they spend less than they make and buy assets with the difference.

๐Ÿต) ๐—ง๐—ต๐—ฒ๐˜† ๐—ฐ๐—ต๐—ผ๐—ผ๐˜€๐—ฒ ๐˜๐—ต๐—ฒ๐—ถ๐—ฟ ๐—ณ๐—ฟ๐—ถ๐—ฒ๐—ป๐—ฑ๐˜€ ๐˜„๐—ถ๐˜€๐—ฒ๐—น๐˜†

Millionaires hang out with like-minded people.

People who are driven to:

  • Succeed

  • Give back

  • Help each other

You canโ€™t get ahead when your circle of friends holds you back.

๐Ÿญ๐Ÿฌ) ๐—ง๐—ต๐—ฒ๐˜† ๐—น๐—ผ๐˜ƒ๐—ฒ ๐˜„๐—ต๐—ฎ๐˜ ๐˜๐—ต๐—ฒ๐˜† ๐—ฑ๐—ผ

86% of millionaires enjoy what they do for a living.

60% of millionaires pursue passion projects and dream jobs.

Of those who turned their passions into businesses, their average net worth was over $7M.

๐—ง๐—ต๐—ฒ๐—ฟ๐—ฒ ๐˜†๐—ผ๐˜‚ ๐—ต๐—ฎ๐˜ƒ๐—ฒ ๐—ถ๐˜!

After studying Tom's book, there are 10 common habits of multi-millionaires.

If you enjoy this newsletter, here are some of my favorites Iโ€™d recommend you read each week:

Ace in the HoleYour Secret Weapon to Beat The Market
Finance VisualizedMaking the market easy to understand through exciting graphics.