New Research on How the Rich Create Good Luck

In my role as a CPA and CFP I have the honor of advising many clients in matters of personal finance, taxes, insurance and wealth creation. Some clients are wealthy but most are just getting by. The fact is that only five percent in this country make enough money to be considered financially secure. Ninety-five percent are just getting by and have difficulty meeting their financial obligations in life. This group will be impoverished in retirement. I am always asked the same question by those struggling financially: “What do your wealthy clients do to become wealthy?” One of my favorite answers is: “They create their own good luck”.


Before I answer that question we need to understand luck. There are four types of luck:

  1. Random Good Luck
  2. Random  Bad Luck
  3. Opportunity Good Luck and
  4. Detrimental Bad Luck

Random Good Luck

This is a type of luck that no one has control over. It’s like winning the lottery, an inheritance from an old relative you didn’t even know you had or being born into a rich family.

Random Bad Luck

When people say they have no luck, they usually mean they have no good luck. The fact is, we all experience luck in our lives. Unfortunately, sometimes it’s random bad luck. Getting hit by lightening, your employer going bankrupt, being born with color blindness or growing up in Rwanda in the 1990s are all types of Random Bad Luck.

Opportunity Good Luck

This is the type of good luck that the wealthy create. How? They do certain things every day that create the opportunity for good luck to occur in their lives. I call these certain things, the Rich Habits. The Rich Habits are Keystone Habits that are beneficial. Exercising aerobically every day, eating right, reading for self-improvement, networking with successful people, controlling your emotions and many others. Each Rich Habit is like a snowflake falling on a mountainside. In time, these snowflakes build up until one day you experience an avalanche of good luck.. This might be a raise, bonus, new job, new client etc.

Detrimental Bad Luck

This is a type of bad luck most of the population creates. How? They do certain things every day that manifest this bad luck. I call these certain things, Poverty Habits. These include, overeating, never exercising, not reading every day for self-improvement, watching too much T.V. and many others. Each Poverty Habit is like a snowflake on a mountainside. In time, these snowflakes build up until you experience an avalanche of bad luck. This might be a heart attack, getting fired from your job, or bankruptcy.

Adopting just one Rich Habit can help you eliminate two or more Poverty Habits. When you do this it actually has a double benefit affect. Not only do you help create Opportunity Good Luck, but you also help reduce Detrimental Bad luck. The Rich Habits, because they are Keystone Habits, are powerful things. They can change your life by changing your luck.

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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, CFP, 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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