In this article: 7 Habits of Highly Wealthy Entrepreneurs by Dave Lavinsky, he shares some great tips. Have a read, take notes and pick one or two to start of with if you have more than one of the non wealth building habits.
Habits are what will make you successful – not any old habit… good ones! And…. you don’t want to be like many other entrepreneurs either, you want to be wealthy – be certain about that.
“In writing his book, “Rich Habits – The Daily Success Habits of Wealthy Individuals,” author Thomas C. Corley studied the daily habits of hundreds of wealthy and poor people.
He defined wealthy people as those earning at least $160,000 annually and owning assets of at least $3.2 million. Conversely, he defined poor people as having an annual income below $30,000 and less than $5,000 in assets.
Read below to see the stark differences between the two groups.
1) Maintain a to-do list
81% of wealthy does this
9% of poor does this
Answer for successful entrepreneurs: Maintain a To Do List
2) Wake up 3+ hours before work
44% of wealthy does this
3% of poor does this
Answer for successful entrepreneurs: Most entrepreneurs pretty much work all the time, and clearly work more than the general 9-5 work day. I prefer highly organized work to a ton of work. But either way, you need to put in the hours to succeed as an entrepreneur.
3) Listen to audio books during commute
63% of wealthy does this
5% of poor does this
Answer for successful entrepreneurs: Educate yourself during your commute. EVERY single one of the video training products I offer has an audio download component so you can listen to them during your commute. Yes, I did this on purpose.
4) Network 5+ hours or more each month
79% of wealthy does this
16% of poor does this
Answer for successful entrepreneurs: Network more. Networking is a great way to meet great people who can become: investors, mentors, advisors, customers, employees, partners, etc. If you need more of any of these things, then network more.
5) Read 30+ minutes or more each day
88% of wealthy does this
2% of poor does this
Answer for successful entrepreneurs: Read at least 30 minutes each day. Here I’m probably preaching to the choir, since you’re reading this essay of mine – good job!
6) Live a healthy lifestyle
Eat less than 300 junk food calories per day
70% of wealthy does this
3% of poor does this
Exercise aerobically four days a week
76% of wealthy does this
23% of poor does this
Answer for successful entrepreneurs: Treat your body well. You need the physical and mental energy to succeed.
7) Use television smartly
Watch one hour or less of TV every day 67% of wealthy does this
23% of poor does this
Watch reality TV
6% of wealthy does this
78% of poor does this
Answer for successful entrepreneurs: Don’t watch too much television and when you do, don’t watch garbage.
The final, and most important habit for the world’s wealthiest entrepreneurs is that they have built and sold their companies. Of Americans with a net worth of $5 million or more, an overwhelming 80% of them are entrepreneurs who have sold their businesses.
So, in summary (and feel free to print this out):
1. Maintain a To Do list
2. Wake up early/work hard
3. . Listen to audio books during your commute
4. Network more
5. . Read 30+ minutes each day
6. . Maintain a healthy lifestyle
7. Don’t watch too much (or garbage) television
BONUS: Build a sellable business
When you think about it, none of this is really that hard. Yes, YOU can do it!”
Check out the right side of this page & grab Napoleon Hills “The Law of Success in 16 Lessons” (complementary manuscript) NOW!
