How Long Does It Take Before the Rich Habits Begin to Payoff?

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One of the questions I get asked a lot from the media is this:

How long does it take before the Rich Habits begin to produce results?

According to my research, some Rich Habits start to pay dividends immediately and others take many years.

If the Rich Habit you adopted is Dream-Setting (defining your dreams and then building goals around those dreams), it will take you about twelve years.

The self-made millionaires in my study with this Rich Habit became wealthy ($160,000 or more in annual income plus $3.2 million in investments) after twelve years.

If the Rich Habit you adopted was living below your means, saving at least 10% and then prudently investing those savings, this will take you the longest – on average thirty-two years.

The self-made millionaires in my study with this Rich Habit became wealthy after thirty-two years.

If the Rich Habit is daily growth so that you can become an expert in your industry, this will take you about seven years.

It took the self-made millionaires in my study who became experts within their industry, about seven years to get there. They did this primarily by reading or relentless practice.

If the Rich Habit you adopted is to become healthy by exercising aerobically 20 minutes or more every and and eating healthy food, you will see immediate benefits after about one month. It will take you another twelve months to lose most of your fat. Lastly, it will take you twenty-four months from the date you adopt this Rich Habit to be in the best physical health of your life.

Habit change is not an immediate gratification thing. It takes time for good habits to begin to pay dividends. It all depends on the Rich Habit you adopt. Rich Habits intended to make you wealthy, take the most time. Rich Habits intended to transform you into an expert in your industry also takes a long time. Rich Habits intended to make you healthy, take the least amount of time.

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Thomas C. Corley About Thomas C. Corley

Tom Corley is a bestselling author, speaker, and media contributor for Business Insider, CNBC and a few other national media outlets.

His Rich Habits research has been read, viewed or heard by over 50 million people in 25 countries around the world.

Besides being an author, Tom is also a CPA, holds a master’s degree in taxation and is President of Cerefice and Company, a CPA firm in New Jersey.
 
Phone Number: 732-382-3800 Ext. 103.
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Comments

  1. Thanks for this. This is a question that I have often wondered. While I know building wealth can take time, it can be discouraging when you don’t see the results right away. Even 7 years may feel like forever in a society addicted to instant gratification, never mind 32 years.

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