How Many Income Balls Do You Have in the Air?

Tom Corley boats - crop

If you’re like most people, you’ve got one stream of income – your job. And if you’re like most people you are either poor or stuck in the middle-class. If you want to break out of poverty or the middle-class you need to begin creating multiple streams of income.

“But I’ve got two kids, weekends filled with running around from one sporting event to the next for my kids, kid birthday parties to attend and already too much job-related work on my plate as it is. How on earth am I supposed to find the time to add another stream of income?”

I agree. If you’re raising a family it’s not easy. It’s already hard. But, understand this, as your kids get older, it gets easier. As they near college age, your kid-related commitments begin to decline. You will eventually have more time to commit to growing those income streams. Now, while you’re kids are young, is actually the best time to take baby steps and begin slowly building something on the side. I’m talking about no more than five to ten hours a week here, devoting yourself to something you are passionate about and that can eventually be monetized. I’m talking about investing in yourself and your future now, so that you can reap the dividends down the road. And trust me, you’ll be glad you did because as your kids get older, their financial needs become larger. Think college tuition, funding marriage, helping them with a down payment for their own home or helping them fund college for their own kids.

Let me share some of my data with you from my Rich Habits Study:

  • 76% of the wealthy in my study were self-made millionaires. They came from non-wealthy households. 31% of these self-mades came from poor households. 45% came from middle-class households. 
  • 16% (38 out of 233) became wealthy between age 46 and 50.
    28% (66 out of 233) became wealthy between age 51 and 55
    31% (73 out of 233) became wealthy between age 56 and 60
    21% (48 out of 233) became wealthy after the age of 60
  • 65% of the self-made millionaires in my study had 3 streams of income.
  • 45% had 4 streams of income.
  • 29% had 5 streams of income.

It didn’t happen all at once. Every single self-made millionaire started small. One additional stream, then two, then three and so on. Each additional stream they added gave them additional wealth that they could invest into another stream. It took the average self-made millionaire in my study 32 years to become rich. It just takes time. Time is going to pass you by no matter what. Time does not stop. In 32 years, you’ll still be 32 years older, whether or not you build those additional income streams.

But for those who do invest in themselves and their future, the dividends are enormous. Those income streams will eventually kick off enough income to allow you quit your full-time job and allow you to hire individuals to help you manage those streams. This will free yourself up to enjoy the dividends: vacation homes that become a hub for your now older kids, financial independence so that you don’t become a financial burden on your children, a retirement free from financial worries and money to help your children buy their own homes and fund college for their kids, your grandkids.

If you want to make your life easier down the road, you need to invest in yourself now. Find something you are truly passionate about and that has potential to generate an additional stream of income. Passion is the key. Passion is, by far, most important attribute of self-made millionaires. It is the catalyst that transforms ordinary individuals into self-made millionaires. When you pursue something you are truly passionate about, your are somehow able to find the time to devote to it. But you’ll never find your passion unless you try. You must take action and invest in yourself today in order to create the future life you desire.

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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,, India TV, 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,,, and the Huffington Post. Tom is a frequent contributor to Business Insider,, 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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