Subscriber Opportunity – Who Wants to be in the Media?

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One of my writer-contacts in the media is writing an article for .

This writer would like to hear from my subscribers regarding the Rich Habits blog. She will post your response on

Please respond to me and I will forward to my contact. Here is her email to me re: this request:

Hi Tom,

Hope you are well. I am writing a story for All about great email newsletters for entrepreneurs. (May syndicate as well.) 

I wonder if you know a fan of yours who would like to share a paragraph or two? I can link to their site and yours. Let me know what you think. Trying to wrap up early next week. 



The Role of Luck in Wealth Creation


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I would be doing my readers a disservice if I didn’t acknowledge the importance of luck in the creation of wealth. Luck, I’ve learned from my research, is a common denominator among certain millionaires. Without it they would have never become wealthy.

There are essentially six types of millionaires:

  1. Savers – Savers accumulated their wealth by living below their means, saving money and then investing that money prudently.
  2. Executives – These millionaires started out working for large publicly held corporations. Through hard work, smart office politics, constant self-improvement and powerful relationship-building skills, they rose up the ladder in their respective companies. As executives, they received higher than normal compensation, which always included bonuses and stock compensation.
  3. Entrepreneurs – These millionaires are individuals who pursued a dream, started their own business, overcame obstacles, faced adversity and through superhuman persistence, succeeded. 
  4. Virtuoso’s – These millionaires devote their lives to acquiring knowledge and building unique skills. After many years of focus and devotion to their careers or craft, they become virtuoso’s at what they do.  And others are more than happy to pay them a premium for their services or the products they sell.  
  5. Trust Fund Babies – These are individuals who are born into wealth and inherit most of their money.
  6. Gamblers – These are individuals who gamble regularly and get lucky by winning the lottery or the slots or something along those lines.

For Entrepreneurs, Trust Fund Babies and Gamblers, luck plays a major factor in becoming wealthy.  The difference for Entrepreneurs and Executives is that they create their own luck. Through hard work, constant self-improvement, persistence and taking calculated risks, Entrepreneurs and Executives create the opportunity for luck to occur. They are the beneficiaries of Opportunity Luck, whereas Trust Fund Babies and Gamblers are the beneficiaries of Random Good Luck – two very different types of luck.

Luck is not a factor for the Savers and the Virtuoso’s. So, for those who do not want to depend on luck, your best option is to become a Saver or a Virtuoso.

Mentors Fast-Track Success


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When I sought to write my second book, Rich Kids, I had an end in mind. I wanted to write a book that served one of the most important needs of success-minded individuals – the need to be mentored.

You see, with the success of my first book, Rich Habits, I began to receive frequent emails from different individuals around the world, asking me to be their personal mentor.

I’m one person running three businesses. And I knew it was impossible to be a mentor to everyone. So, I wrote Rich Kids to serve as my mentor surrogate.

Mentorship, I learned from my Rich Habits study, was one of the Rich Habits of self-made millionaires. Long before they became rich, the self-made millionaires in my study found people to mentor them.

Mentorship fast-tracks success. It takes the success learning curve from a lifetime, down to just twelve years, according to my research data. 

What does that mean?

It means if you want to get rich before you get old, find mentors.

I just read a very interesting article in CNBC Make It about this. Here’s the link.

In this article, Timothy Kim, a self-made millionaire, chronicles how he spent $70,000 for mentorship over the course of six months.

Kim is like many of the self-made millionaires in my Rich Habits Study who were fanatical about seeking out mentors.

And they are happy to pay for that mentorship.

I do a lot of speaking engagements around the world (my favorite is the Wealth Retreat). Many of the organizations who pay me to speak, charge upwards of $10,000 per participant for a five-day session. The participants are always individuals who are pursuing wealth or who are already wealthy.

The participants pay these large seminar fees because they believe in investing in mentorship. Their hope is that they will learn something or meet someone at these events that will help take them to the next level.

And if those event hosts do their job, that’s exactly what happens. They help take their participants to the next level, whatever that next level happens to be in their life.

Success always requires an investment in your time and money. It’s a fact that will never change.

Mentorship is one of the best investments you can make because it puts you in touch with individuals who have already figured it out. True success mentors know what to do and what not to do. As a result, they reduce the risk of failure and increase the odds for success. They fast-track success.

Top 10 Common Habits of High Achievers


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High Achievers are people who achieve some level of greatness in life. They might be successful entrepreneurs, professional athletes, Olympians, famous writers/authors, painters, engineers, singers, prominent religious figures, etc.

Essentially, they are individuals who, through their actions, achieve greatness. And these high achievers all share certain common habits. Relying on my vast stores of knowledge and research data in studying successful people, I will do my best to identify the top 10 common habits in their order of importance:

  1. Consistency – High Achievers go at it every day even when they are down, lack motivation, are sick, financially destitute, when life goes wrong, etc. They have specific habits or routines they perform every day No Matter What.
  2. Focus – High Achievers are single-mindedly focused on their goals, dreams and routines. They block out all distractions. They are masters at single-tasking. They never take their eye off the ball.
  3. Visionaries – High Achievers have a vision or a blueprint. Most likely, it is in writing and it is very specific. Their vision or blueprint is the GPS or map they use to get them from where they are to where they want to be.
  4. Persistent – High Achievers pursue their goals and dreams relentlessly. They overcome adversity. They overcome obstacles. They pivot or find ways to navigate around impasses. They never quit.
  5. Obsessed – High Achievers are fanatics. They are obsessed about their goals, dreams and routines. They think about them 24/7. They even dream about them.
  6. Processed-Oriented – High Achievers create processes through experimentation that work and that they follow.
  7. Action-Oriented – High Achievers are in constant motion. They pursue activities that help them to continuously move forward in achieving their goals and dreams.
  8. Calculated Risk Takers – High Achievers are calculated risk takers. They overcome their fear of failure, fear of making mistakes and fear of consequences by doing their homework, understanding the risks involved and taking that calculated risk.
  9. Deliberate Practice – High Achievers engage in daily Deliberate Practice in order to maintain and improve their skills.
  10. Self-Educators – High Achievers pursue knowledge every day. They become experts in their field by increasing their knowledge through self-education.

Based on my fifteen years of studying high achievers, this is what it takes to become a High Achiever.  There are many moving parts, many variables, many ingredients to becoming a High Achiever. It’s not any one thing that makes them great. It’s a combination of many things.

Habits That Boost Performance


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AJ Marsden is an assistant profession of Human Services and Psychology at Beacon College. She is also a performance expert.

According to her research, performance begins to deteriorate after 50-60 minutes of continuous work. After such time, we begin to daydream and lose focus.

When you multitask, however, performance decline accelerates. The brain fatigues rapidly during multitasking.

This deterioration in the brain’s ability to focus after performing tasks is known as decision fatigue.

Decision fatigue occurs when our willpower reserves run dry. When willpower is low, we lose focus, our ability to concentrate is impaired and decision-making goes off the rails. And this is when mistakes happen.

Since we find ourselves in a culture which promotes multitasking, it is critical that we forge habits that help us restore our willpower reserves in order to avoid making mistakes that will cost us time and money:

  • Taking regular breaks restores willpower.
  • Napping, restores willpower.
  • Going for a short walk, restores willpower.
  • Closing your eyes and resting for ten minutes, restores willpower.
  • Eating carbs, restores willpower.
  • Exercise, restores willpower.
  • Listening to calming music, restores willpower.
  • Prayer and meditation, restores willpower.

High performance achievers build into their life daily habits which restore willpower so they can maintain their focus and concentration.

Happiness is a State of Mind Not a State of Being


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In a 2005 study at the University of California in Riverside, in which 275,000 subjects from 225 other studies were examined, researchers found that happy individuals experienced greater success in life than unhappy people.

Happy people, in their findings, had a way of attracting other upbeat, happy people. They also found that happy people were more likely to pursue long-term goals and dreams.

Happiness is not a state of being. It is a state of mind. Or, a habit of mind.

How do you create the Happiness Habit?

The happiness state of mind is a habit that you forge. You forge that habit in a number of ways:

  • Maintaining an upbeat, optimistic mindset, as opposed to being down and negative.
  • Being grateful for what you have, as opposed to being envious for things you don’t have.
  • Seeing the good or upside in everything, as opposed to seeing the bad or downside in everything.
  • Reading or exposing yourself to positive, upbeat material.
  • Exercising daily.
  • Eating healthy.
  • Forging and maintaining relationships with other upbeat, happy people and avoiding down, negative people.
  • Taking action and not procrastinating. Procrastination creates stress, which toggles on the amygdala (brain region where negative emotions are born).

Success has many moving parts. Happiness is one of those parts.

Emotional Stability is a Rich Habit


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We are all hardwired for negativity.

Psychologist Rick Hanson, Senior Fellow of The Greater Good Science Center in Univ. of Caliornia Berkely, found that our old brain (Limbic System and Brain Stem) are predisposed for negativity. This negativity bias is a relic of millions of years of human evolution.

The amygdala, part of the limbic system, is a major player in emotions. It is one of the oldest, most evolved parts of the brain. Worry, fear and doubt are all negative emotions that emanate from the amygdala.

Because of its advanced evolution, the amygdala is extremely powerful and can be hard to control. When out of control, concentration, focus and decision-making are impaired.

But the amygdala can be controlled. The ventromedial prefrontal cortex, part of the new brain known as the neocortex, has the power to overrule the amygdala, and thus control emotions.

The job of the ventromedial prefrontal cortex is to process risk and fear and thus, plays a major role in controlling emotions and decision-making.

This ability to control the amygdala, however, requires practice. Or, more specifically, it requires that you forge the Rich Habit of exercising control over your emotions.

Ninety-three percent of the self-made millionaires in my Rich Habits study agreed that controlling emotions was a major factor to their success. Their ability to moderate good and bad emotions was seen as one of the main reasons people liked doing business with them.

The rich employ certain techniques to tamper down the overactive amygdala and keep the ventromedial prefrontal cortex in control of their emotions:

  • Daily aerobic exercise – Aerobic exercise releases certain neuro-chemicals that have a calming effect on the amygdala.
  • Healthy Eating – A study by the University of Warwick in London and University of Queensland, in Australia, asked 12,000 Australians to eat 8 servings of fruits and vegetables a day. The study found a measurable increase in happiness due in large part to their altered diet. Further studies had isolated the reason – fruits and vegetables produce healthy probiotics and pre-biotics, improving the health of the gut (large intestine). Your gut sends information directly to the brain via the vagus nerve. When the gut is out of balance, it sends a distress signal to the limbic system, amping up the amygdala.
  • Meditation – A study from Emory University found that 20 minutes of daily meditation had a calming effect on the brain and helped improve focus and concentration.
  • Music – Listening to calming music tampers down the amygdala, allowing the ventromedial prefrontal cortex’s job easier.
  • Pleasant Conversation – The mere act of engaging in pleasant conversation calms the emotional center of the brain. This is one of the reasons you want to surround yourself with upbeat, enthusiastic, positive individuals.

No one likes doing business with people who are volatile. Individuals who allow their emotions to control their decisions and reactions to events, make others feel ill at ease – essentially, pushing away those who could have a positive influence over your life.

The Most Powerful Poverty-Destroying Habit


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40%, or more, of your daily activities are habits. That means that 40% of the time you are on auto pilot.

Now this is good thing if you have good daily habits but this is a bad thing if you have bad daily habits.

The key then is to forge good habits which, behind the scenes, meaning automatically, produce a happy, successful life. [Read more…]

Anxiety-Reducing Habits


Tom Corley boats - cropAnxiety impairs focus, concentration and dampens creativity.

Brain researchers are learning that the brain works best when it is in a relaxed state. By relaxed state, they mean when your prefrontal cortex is not as active.

When the prefrontal cortex is in a relaxed state, focus, concentration and creativity increase significantly.

This is precisely why Thomas Edison took frequent naps during the day – it boosted his creativity, and ability to concentrate and focus. In a relaxed state, Edison was able to see solutions to his problems, which led to many of his groundbreaking inventions.

Habits that reduce anxiety:

  • Positivity – Researchers at Oxford University found that by looking away from negative, unpleasant people in a crowd and instead, focusing your attention of positive, upbeat people, reduced anxiety. The conclusion: positivity lowers anxiety and calms the brain.
  • Daydream – Daydreaming is a state of mind in which the prefrontal lobe is less active. It is most associated with the alpha stage of brainwave function. The prefrontal lobe drives most of the negative thinking associated with anxiety. When it is relaxed, anxiety dissipates.
  • Meditate – Like daydreaming, meditation slows down and relaxes the prefrontal lobe, reducing anxiety.
  • Exercise Aerobically – Aerobic exercise dampens the prefrontal lobe, and thus, anxiety.
  • Take a Break – Nap, meditate, relax. These periodic breaks calm the prefrontal cortex, reducing anxiety.

If you want to excel in life, forge the above habits in order to optimize brain performance. A calm brain improves focus, concentration and creativity.

The 1% Will Always Control the Wealth – And Here’s How They Do It

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I just finished reading a recent article complaining about the rich. The author was upset at the fact that 1% controlled 82% of the wealth in the world. In the author’s mind, there was something inherently unfair about this. The author, like many who are not in the 1%, felt that the wealth the 1% created didn’t necessarily belong to them and offered government solutions to cap or redistribute the wealth of the rich.

It’s true. One percent do control 82% of the wealth. And the top 1% will always control most of the wealth until the other 99% figure out how the 1% go about cultivating wealth.

So, how do the 1% cultivate wealth? [Read more…]