How to Go From “C” Student to Self-Made Millionaire

Below are four eye-opening statistics from my five year study on the daily habits of the self-made millionaires::

  1. 21% of self-made millionaires were “A” students.
  2. 41% of self-made millionaires were “B” students.
  3. 29% of self-made millionaires were “C” students.
  4. 7% of self-made millionaires were below average students.

77% of the self-made millionaires in my study were not exceptional students. In fact, more than a third underperformed academically.

How can this be? Most people incorrectly assume that success requires exceptional intelligence. This is false. Most of the successful people in my study started out as average students. Since academic performance and a high IQ are correlated, these statistics are evidence that a high IQ has no bearing on success in life. In fact, a high IQ is often a disadvantage when it comes to success. Academic success comes easy to those with a high IQ. But success in life never comes easy. It is fraught with pitfalls, obstacles, failure and mistakes. Success requires persistence, mental toughness and emotional toughness in overcoming these pitfalls. Its pursuit pushes you to the edge emotionally and physically. You must grow a thick skin and become accustomed to struggle, if you hope to succeed. Individuals who struggle academically, are accustomed to struggle. Overcoming pitfalls is a daily habit for them. Consequently, they have developed an immunity to the fear of failure and the fear of making mistakes. This is important because success is built upon a mountain of failure and mistakes.

What’s interesting about the self-made millionaires in my study is, despite the fact they did not start out with high IQs, they nonetheless grew their intelligence significantly during their lifetimes. They never stopped trying and they never stopped learning. Until about ten years ago this would have seemed impossible. But things have changed. Neuroscience (the study of the brain), over the past ten years, has completely transformed our understanding of how the brain works. We now know that the brain changes every day. We can rewire our brains (called neuroplasticity). We also now know that the hippocampus gives birth to thousands of new neurons every day (called neurogenesis). We also now know, thanks to the study of, and mapping of the genome, that genes give us the ability to increase our IQs during our lifetime. We now know that IQ can change over one’s lifetime. It’s not fixed. Just because you were a “C” student at age 17 with an IQ of 100 doesn’t necessarily mean you will stay that way. You can increase your IQ all during your life, even into your eighties.

Self-made millionaires do certain things every day that improve their brains and continuously increase their intelligence during their lifetimes. These activities increase brain mass by increasing and strengthening old neural connections and by creating entirely new neural connections. Let’s touch on some of the brain-building habits of self-made millionaires:

Daily Learning

Every time you learn something new, you re-wire your brain. New neurons are recruited and begin firing with one another (known as synapses). As new neural pathways are created by learning, your brain actually increases in size; your intelligence grows. 88% of the self-made millionaires in my study, sometime prior to realizing financial success in life, formed the daily habit of engaging in 30 minutes or more of self-education reading. This daily habit allowed them to increase their cognitive abilities during their lives, which contributed to their later success in life.

Daily Aerobic Exercise

Aerobic exercise floods the bloodstream with oxygen. This oxygen eventually makes its way to the brain. Since the brain uses 20% of our oxygen reserves, increased oxygen flow into the brain soaks up more free radicals inside the brain, making it cleaner and healthier. 20 – 30 minutes of aerobic exercise every day has been proven to stimulate the growth of axons and axon branches on each neuron. The number of axons and axon branches your brain has is directly related to your intelligence. Aerobic exercise also increases the release of neurotrophins, or Nerve Growth Factor (NFG). NFG stimulates the growth of neurons, helps maintain a healthy coating around every neuron (called myelin sheath) and stimulates synaptic communications between neurons. Increased synaptic communication translates into better memory and speed of recall. So daily aerobic exercise increases your intelligence, each and every time you engage in it.

Drink Alcohol in Moderation

Our livers are able to process about two ounces of alcohol an hour (about two 12 ounce glasses of beer). Anything in excess of that allows alcohol to enter your bloodstream which is then carried to your brain. Once alcohol reaches the brain it infiltrates the glutamate receptors in your synapses, damaging the neurons’ ability to fire off signals. If you regularly drink in excess, you are causing long-term damage to these receptors and this can cause permanent damage to your memory and your motor skills. Is it a coincidence that 84% of the self-made millionaires in my study drank less than two ounces of alcohol a day? I don’t think so. Their moderation in the consumption of alcohol helped them keep their brains growing and improving throughout their lives.

Get a Good Night’s Sleep

89% of the self-made millionaires in my study slept an average of seven to eight hours each night. Why is sleep so important to brain function? Everyone who sleeps goes through four to six sleep cycles a night. Each cycle lasts about 90 minutes. Each of these sleep cycles is composed of five separate levels of sleep: Alpha, theta, delta, rapid eye movement (REM) and then back to theta. For each individual sleep cycle, the first three sleep levels (alpha, theta and delta) last 65 minutes. REM lasts 20 minutes and the final level of sleep lasts 5 minutes. The number of hours you sleep is less important than the number of complete sleep cycles you have each night. Five complete sleep cycles a night is considered optimal. Completing less than four sleep cycles a night, however, negatively affects our health. REM sleep is particularly important as it’s primary function appears to be long-term memory storage. During REM sleep, what we’ve learned the day before is transported to the hippocampus. If we do not complete at least four 90 minute sleep cycles a night, long-term memory storage becomes impaired. Completing at least four sleep cycles the night after learning new information or a new skill locks in the new information or new skill. If we get less than four complete 90 minute sleep cycles the night after learning anything, it’s as if the learning never occurred. Sleep helps you remember what you’ve learned the previous day.

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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