From Warren Buffett to Oprah Winfrey, there are some common traits in the habits of the richest people in the world.
And I’m not talking about the habit of inheriting a lot of money.
That seems to be one of the main reasons people think they can’t become wealthy. They think that the rich come from rich families and they never had to work for anything in their life.
Not true. At all. In fact, most of the richest people either work or have worked harder than any of us and that’s exactly why they are where they are.
As you’re about to see, 68% of the 400 Americans on the Forbes 2013 “billionaires list” are considered “self-made” billionaires. Meaning they built, rather than inherited their fortune.
That doesn’t really tie in to the belief that the rich didn’t work for their money. Of course, as we all know, the point is to make your money work for you, but sometimes that takes work in itself!
Let’s see what we can learn from the habits of the wealthiest people in the world…
The Info From the Graphic:
The world’s richest people come from a variety of backgrounds.
There are, however certain traits that are common amongst them.
Habits of the Rich
Wealthy – defined as earning at least $160,000 annually and holding at least $3.2 million in assets
They Have a Routine:
- Maintain a to-do list
- Wake up 3 hours before work
- Listen to audio books during commute
- Network 5 hours or more each month
- Read 30 minutes or more each day for education or career reasons
- Love to read
They are Healthy:
- Exercise aerobically 4 days a week
- Eat less than 300 junk food calories per day
Raising Their Children:
- Teach good daily success habits to their children
- Make their children volunteer 10 hours or more a month
- Make their children read 2 or more non-fiction books a month
- Watch 1 hour or less of TV everyday
They Set Goals:
- Write down their goals
- Focused on accomplishing some single goal
- Believe in lifelong educational self-improvement
- Believe good habits create opportunity luck
- Believe bad habits create detrimental luck
*Based on Thomas C. Corley’s study of the daily habits of 233 wealthy and 128 poor people.
Gender Divide: Women as percent of multimillionaire population:
- Highest – 23.8% Portugal
- Average – 10% Worldwide
- Lowest – 3.7% Japan
Cities which contain the most millionaires:
- Tokyo: 61,000
- New York City: 89,000
- London: 81,000
- Paris: 19,000
- Frankfurt: 17,000
- Beijing: 13,000
- Osaka: 90,000
- Hong Kong: 87,000
- Shanghai: 66,000
Rags to Riches
68% of the 400 Americans on the Forbes 2013 “billionaires list” are considered “self-made” billionaires. Meaning they built, rather than inherited their fortune.
Following these traits won’t necessarily make you rich…
…but they are worth a shot
Infographic: Business Management Degrees