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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 yearsโฆ
Then wrote an award-winning book discussing what he found.
Here are 10 habits that made millionaires rich:
๐ญ) ๐ง๐ต๐ฒ๐ ๐ฏ๐๐ถ๐น๐ ๐บ๐๐น๐๐ถ๐ฝ๐น๐ฒ ๐๐๐ฟ๐ฒ๐ฎ๐บ๐ ๐ผ๐ณ ๐ถ๐ป๐ฐ๐ผ๐บ๐ฒ
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.
๐ฎ) ๐ง๐ต๐ฒ๐ ๐ฟ๐ฒ๐ฎ๐ฑ ๐ฏ๐ผ๐ผ๐ธ๐ (๐ฎ ๐น๐ผ๐ ๐ผ๐ณ ๐๐ต๐ฒ๐บ)
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
๐ฏ) ๐ง๐ต๐ฒ๐ ๐๐ฒ๐ฒ๐ธ ๐ฎ๐ฑ๐๐ถ๐ฐ๐ฒ & ๐ณ๐ฒ๐ฒ๐ฑ๐ฏ๐ฎ๐ฐ๐ธ
Millionaires are always trying to be the best version of themselves.
You do this by listening to feedback on what works and what doesnโt.
This provides them with the information they need to succeed.
๐ฐ) ๐ง๐ต๐ฒ๐ ๐ฑ๐ผ๐ป๐ฎ๐๐ฒ
72% of millionaires donate their time 5 hours a month.
If you canโt volunteer your time, you can also donate:
Food
Money
Clothes
Be emotionally available
Little things count.
๐ฑ) ๐ง๐ต๐ฒ๐ ๐๐ฎ๐ธ๐ฒ ๐ฐ๐ฎ๐ฟ๐ฒ ๐ผ๐ณ ๐๐ต๐ฒ๐ถ๐ฟ ๐ต๐ฒ๐ฎ๐น๐๐ต
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
๐ฒ) ๐ง๐ต๐ฒ๐โ๐ฟ๐ฒ ๐ด๐ผ๐ฎ๐น-๐ผ๐ฟ๐ถ๐ฒ๐ป๐๐ฒ๐ฑ
92% of millionaires set goals.
This enables them to work towards their dreams (instead of only building someone elseโs) and avoid distractions from their long-term plan.
You can do this by writing down 3 goals and revisiting them every 3 months.
๐ณ) ๐ง๐ต๐ฒ๐โ๐ฟ๐ฒ ๐ผ๐ฝ๐๐ถ๐บ๐ถ๐๐๐
Millionaires rely on their network and relationships to find opportunities and help each other succeed.
This isnโt possible for cynics.
Studies show those who are most cynical make the least amount of money.
This isnโt a coincidence.
๐ด) ๐ง๐ต๐ฒ๐ ๐๐ฎ๐๐ฒ
49% of self-made millionaires saved 20% or more of their income.
Theyโre able to do this because they donโt keep up with the Joneses.
They have nothing to prove, so they spend less than they make and buy assets with the difference.
๐ต) ๐ง๐ต๐ฒ๐ ๐ฐ๐ต๐ผ๐ผ๐๐ฒ ๐๐ต๐ฒ๐ถ๐ฟ ๐ณ๐ฟ๐ถ๐ฒ๐ป๐ฑ๐ ๐๐ถ๐๐ฒ๐น๐
Millionaires hang out with like-minded people.
People who are driven to:
Succeed
Give back
Help each other
You canโt get ahead when your circle of friends holds you back.
๐ญ๐ฌ) ๐ง๐ต๐ฒ๐ ๐น๐ผ๐๐ฒ ๐๐ต๐ฎ๐ ๐๐ต๐ฒ๐ ๐ฑ๐ผ
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.
๐ง๐ต๐ฒ๐ฟ๐ฒ ๐๐ผ๐ ๐ต๐ฎ๐๐ฒ ๐ถ๐!
After studying Tom's book, there are 10 common habits of multi-millionaires.
If you enjoy this newsletter, here are some of my favorites Iโd recommend you read each week:
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