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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 years…
Then wrote an award-winning book discussing what he found.
Here are 10 habits that made millionaires rich:
𝟭) 𝗧𝗵𝗲𝘆 𝗯𝘂𝗶𝗹𝘁 𝗺𝘂𝗹𝘁𝗶𝗽𝗹𝗲 𝘀𝘁𝗿𝗲𝗮𝗺𝘀 𝗼𝗳 𝗶𝗻𝗰𝗼𝗺𝗲
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.
𝟮) 𝗧𝗵𝗲𝘆 𝗿𝗲𝗮𝗱 𝗯𝗼𝗼𝗸𝘀 (𝗮 𝗹𝗼𝘁 𝗼𝗳 𝘁𝗵𝗲𝗺)
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
𝟯) 𝗧𝗵𝗲𝘆 𝘀𝗲𝗲𝗸 𝗮𝗱𝘃𝗶𝗰𝗲 & 𝗳𝗲𝗲𝗱𝗯𝗮𝗰𝗸
Millionaires are always trying to be the best version of themselves.
You do this by listening to feedback on what works and what doesn’t.
This provides them with the information they need to succeed.
𝟰) 𝗧𝗵𝗲𝘆 𝗱𝗼𝗻𝗮𝘁𝗲
72% of millionaires donate their time 5 hours a month.
If you can’t volunteer your time, you can also donate:
Food
Money
Clothes
Be emotionally available
Little things count.
𝟱) 𝗧𝗵𝗲𝘆 𝘁𝗮𝗸𝗲 𝗰𝗮𝗿𝗲 𝗼𝗳 𝘁𝗵𝗲𝗶𝗿 𝗵𝗲𝗮𝗹𝘁𝗵
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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𝟲) 𝗧𝗵𝗲𝘆’𝗿𝗲 𝗴𝗼𝗮𝗹-𝗼𝗿𝗶𝗲𝗻𝘁𝗲𝗱
92% of millionaires set goals.
This enables them to work towards their dreams (instead of only building someone else’s) and avoid distractions from their long-term plan.
You can do this by writing down 3 goals and revisiting them every 3 months.
𝟳) 𝗧𝗵𝗲𝘆’𝗿𝗲 𝗼𝗽𝘁𝗶𝗺𝗶𝘀𝘁𝘀
Millionaires rely on their network and relationships to find opportunities and help each other succeed.
This isn’t possible for cynics.
Studies show those who are most cynical make the least amount of money.
This isn’t a coincidence.
𝟴) 𝗧𝗵𝗲𝘆 𝘀𝗮𝘃𝗲
49% of self-made millionaires saved 20% or more of their income.
They’re able to do this because they don’t keep up with the Joneses.
They have nothing to prove, so they spend less than they make and buy assets with the difference.
𝟵) 𝗧𝗵𝗲𝘆 𝗰𝗵𝗼𝗼𝘀𝗲 𝘁𝗵𝗲𝗶𝗿 𝗳𝗿𝗶𝗲𝗻𝗱𝘀 𝘄𝗶𝘀𝗲𝗹𝘆
Millionaires hang out with like-minded people.
People who are driven to:
Succeed
Give back
Help each other
You can’t get ahead when your circle of friends holds you back.
𝟭𝟬) 𝗧𝗵𝗲𝘆 𝗹𝗼𝘃𝗲 𝘄𝗵𝗮𝘁 𝘁𝗵𝗲𝘆 𝗱𝗼
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.
𝗧𝗵𝗲𝗿𝗲 𝘆𝗼𝘂 𝗵𝗮𝘃𝗲 𝗶𝘁!
After studying Tom's book, there are 10 common habits of multi-millionaires.
If you enjoy this newsletter, here are some of my favorites I’d recommend you read each week:
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