Habits Run in Families – Generational Habits Dictate Wealth or Poverty Within Each Family

Habits are repetitive behaviors, choices and thinking that take place unconsciously. They are involuntary, unconscious acts. According to a 2006 Duke study, these involuntary acts represent 40% or more of an individual’s daily activities. This means 40% or more of the time, each day, we are all doing things, making choices and thinking a certain way, without even being aware of it.

I first began to realize that most of us were unaware of our daily activities in my five year study of the daily habits of the rich and poor (http://richhabits.net/rich-habits-study-background-on-methodology/). It became clear to me, from this study, that neither the rich or poor really understood what caused them to be rich or poor. Neither group had any inkling that their financial success or financial failure was the result of their habits. Most were on autopilot, just doing the same things their parents did, or taught them, without realizing it. This presented a big problem in my mind because, since millions of people in America were poor, this meant many families would be forever stuck in a generational cycle of poverty and have no idea why. It also represented a revelation to me because it highlighted the real culprit for the wealth gap in our country – bad daily habits that are passed along from one generation to the next. It was a true epiphany for me.

I found in my research that the only way families were able to break out of poverty or the lower middle class was when parents were, for whatever reason, obsessed with mentoring their children to become successful in life. This obsession caused these parents to become aware of their own entrenched bad habits and motivated them to teach their children different, good habits. I discovered in my research that awareness of our habits is the key to changing them. When we mentor our children with good daily success habits and put up a stop sign anytime we see a bad habit in our children, we become success mentors to our children. I wrote Rich Kids (http://richhabits.net/rich-habits-books/) in order to help give parents the tools they need to become success mentors to their kids. Parents are often the only shot kids have at having a mentor in their lives. Parents raise children but parents who are success-mentors raise successful children.


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Thomas C. Corley About Thomas C. Corley

Tom Corley understands the difference between being rich and poor: at age nine, his family went from being multi-millionaires to broke in just one night, due to a catastrophic fire that destroyed his Dad's thriving business. For fourteen years they struggled with poverty. There were eleven in Tom's family, and they lived in constant fear of losing their home.

Driven by the desire to unlock the secrets to success and failure, Tom spent five years studying the daily activities of 233 rich people and 128 poor people. He discovered there was an immense difference between the habits of the rich and the poor. During his research he identified over 300 daily activities that separated the “haves” from the “have nots.” Tom decided to write a book to share what he learned. That book, Rich Habits: The Daily Success Habits of Wealthy Individuals (1st Edition), went on to become an Amazon Bestseller in the United States forty times over a three year period. To give you some perspective, in order to be a true Amazon Bestseller in the United States, where you actually receive a specific Bestseller designation from Amazon, you need to be in the top 100 of all books sold by Amazon in the United States in a given day. Rich Habits did that for nearly thirty straight days, rising as high as #7, eclipsing such Bestselling authors such as Stephen Covey, Robert Kiyosaki and J.K. Rowlings. Imagine that - an unknown, first-time, self-published author selling more books than J.K. Rowlings!

Tom now travels the world, sharing his Rich Habits and motivating audiences at industry conferences, corporate events, universities, multi-level marketing group events, and global sales organizations’ presentations and finance conferences. He has even spoken on the same stage with famous entrepreneurs and personal development experts, such as Sir Richard Branson, Robin Sharma, Dr. Daniel Amen, and many others.

Tom has shared his insights on various national and international network, cable, and Internet television programs such as CBS Evening News, NBC News, Yahoo Financially Fit, Money.com, India TV, News.com Australia, and a host of others. He has been interviewed on many prestigious nationally syndicated radio shows, including the Dave Ramsey Show, Marketplace Money, and WABC.

Tom has been featured in numerous print magazines—such as Money magazine, Inc. Magazine, SUCCESS Magazine, Entrepreneur magazine, Fast Company magazine, More magazine, Epoca Magazine (Brazil’s largest weekly) and Kiplinger’s Personal Finance magazine—and various online publications, including USA Today, CNN, MSN Money, SUCCESS.com, Inc.com, and the Huffington Post. Tom is a frequent contributor to Business Insider, Credit.com, Bankrate.com and a few other media outlets.

National publicity has garnered international media attention for Tom and his Rich Habits research spanning 23 countries. Broadcast media, online publications, and television throughout Asia, the South Pacific, Europe, the United Kingdom, and Central and South America have shared his powerful message.

In an effort to help parents, grandparents, teachers and adults become success mentors to the younger generation, Tom released his second book, Rich Kids: How to Raise Our Children to be Happy and Successful in Life in 2014. This book was the self-help category winner of the 2015 New York Book Festival and Runner-up in the prestigious 2015 Writer’s Digest Self-Published Book Awards Contest. In 2016 Tom released his third book, Change Your Habits, Change Your Life. This book provides the latest science on habit change as well as more of Tom's unique research on the specific habits that helped transform 177 ordinary individuals into self-made millionaires.

Besides being an author, Tom is also a CPA, CFP, and hold a master’s degree in taxation. As president of Cerefice and Company, CPAs, Tom heads one of the premier financial firms in New Jersey.
Phone Number: 732-382-3800 Ext. 103.
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