10 Things Wealthy People Do Every Day (2024)

Money / Wealth

7 min Read

10 Things Wealthy People Do Every Day (1) Written by Jennifer Taylor

10 Things Wealthy People Do Every Day (2)

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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.”

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.

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.

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.

10 Things Wealthy People Do Every Day (2024)

FAQs

10 Things Wealthy People Do Every Day? ›

The wealthy invest in retirement consistently, and they also invest in education. They take care of their health and, more often than not, pay their healthcare bills without incurring medical debt. They also tend to purchase high-quality products and food.

What are things rich people do? ›

The wealthy invest in retirement consistently, and they also invest in education. They take care of their health and, more often than not, pay their healthcare bills without incurring medical debt. They also tend to purchase high-quality products and food.

What do 90% of millionaires do? ›

Real estate investment is not a get-rich-quick scheme. Instead, it's a long-term strategy that can steadily build wealth over time. As you continue to own and manage properties, their value appreciates, and your equity grows.

What does a millionaire do every day? ›

They take care of their health

One thing most millionaires do is take great care of their health, especially when it comes to finding time to exercise. According to the "Rich Habits" study by Tom Corley, author of "Change Your Habits, Change Your Life", 76% of the wealthy exercise for at least 30 minutes a day.

What do billionaires do all day? ›

Most billionaires lead very business days with full schedules meeting with executives, investors, charities, and interviews. They wake up early in the morning and get started before most other people.

What are the 10 things millionaires don't do? ›

The 10 things that millionaires typically avoid spending their money on include credit card debt, lottery tickets, expensive cars, impulse purchases, late fees, designer clothes, groceries and household items, luxury housing, entertainment and leisure, and low-interest savings accounts.

What are the duties of the rich? ›

This, then, is held to be the duty of the man of Wealth: First, to set an example of modest, unostentatious living, shunning display or extravagance; to provide moderately for the legitimate wants of those dependent upon him; and after doing so to consider all surplus revenues which come to him simply as trust funds, ...

What do the top 1% do for a living? ›

This 1% segment of the population owns large portions of major corporations, multibillion-dollar investment funds, islands in the Caribbean, and even rocket ships that take them into outer space. The average net worth of the richest 1% of the global population's households has mushroomed in the last decades.

How do most millionaires go broke? ›

Poor Financial Planning

Rich people who don't create a financial plan often set themselves up for failure. They not only fail to properly track and manage their income and expenses — they also fail to prepare for unexpected events that can drain their money in a hurry.

What age group has the most millionaires? ›

Americans between 50-54 have an average net worth of $1.13 million; while those in the 55-to-50 age group have an average net worth of $1.44 million, according to USA Today. In comparison, for people in their 20s, the average net worth is $120,896 for those aged 20-24 and $120,185 for those aged 25-29.

What is a silent millionaire? ›

The people who have all the money often go by unnoticed, dressing well, but without flash, driving used cars and living in the first house they bought in a modest neighbourhood. The authors called them the quiet millionaires. They often work in, or own, unglamourous businesses that spin off steady streams of cash.

Do rich people use credit cards? ›

For the ultra-wealthy, however, credit cards are used for accumulating perks, rewards, and flaunting status. Many of these cards are available by invitation only, and stringent wealth requirements must be met to qualify for them.

What is the 5 1 listening rule? ›

One strategy that came up many times during my interviews was the “5:1 listening rule.” In group settings, for every minute they spoke, the millionaires listened for five minutes. This helped them to strengthen their work relationships and get a number of different perspectives on a given issue.

Who are the six trillionaires? ›

These are the only 6 trillionaires who lived on earth from history who reached the pinnacle of wealth.
  • Genghis Khan. 1206–1227. King of Mongol Empire. ...
  • Zhao Xu. 1048–1085. ...
  • Akbar, The Great. 1542–1605. ...
  • Amenhotep III. 1388–1351 BC. ...
  • Augustus Caesar. 63 BC-14 AD. ...
  • King Solomon. 970–931 BCE. ...
  • Mansa Mousa. 1280–1337.
Jun 30, 2021

What do billionaires eat? ›

How to Eat Like a Billionaire, According to Warren Buffett
  • If you want to eat and drink like a billionaire, forget the filet mignon, oysters, caviar and truffles, never mind the champagne and fine wine: Just scarf down a boatload of snack foods and soda pop.
  • That's what mega-wealthy investor Warren Buffett does.

Are rich people in debt? ›

Wealthy people aren't afraid of borrowing. But they typically don't borrow money to live beyond their means or because they failed to save for emergencies or make a plan to cover expenses. Instead, rich people tend to use debt as a tool to help them build more wealth.

What do the world's richest people do? ›

Many are founders of technology giants, with much of their wealth still invested in the companies they started. With so much of their wealth in publicly traded stocks, the net worth of the richest fluctuates along with the market valuations of the companies they own.

What do rich people have in common? ›

The two studies consistently found that rich people are more conscientious, open to experience, and extraverted than the average population. They are also less agreeable (that is, less likely to shy away from conflict) and less neurotic (as in, more psychologically stable).

How to identify a rich person? ›

They Have a Calm, Confident and In-Control Vibe

“True wealth can often be felt in a person's aura,” she said. “Look for individuals who exude a calm and peaceful energy. Their ability to maintain serenity amid life's challenges is a subtle but powerful indicator of an inner wealth transcending material possessions.”

What do the rich do that the poor don't? ›

Rich people sacrifice the present for the future.

They invest time and money into their future. For example, they invest time and money into their education, their planning, their careers and their value. They spend their nights improving themselves, their careers and their businesses. They face their problems.

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