Rich Habits Blog

Tom Corley city_compressRich Habits is all about unlimited opportunity, achieving the American Dream and ending poverty.

It is the by-product of  a 5-year study I conducted on the daily habits of wealthy people and poor people.

Follow me on this blog and I will share with you many of the secret strategies that I uncovered in my research.

The discoveries I have made will dramatically improve your life!

CNBC – How a Simple Daily Routine Can Turn Your Dreams Into Reality




In my book, “Change Your Habits, Change Your Life,” I introduced my readers to one of the tools successful entrepreneurs in my Rich Habits Study used that helped them become self-made millionaires. This tool is something called Dream-Setting.

Dream-Setting is a process in which you:

  1. Define your ideal, future life, via a script of 1,000 words or more. In this script, you go out into the future five or more years and paint a picture with words of every facet of your ideal, future life. The home you own, the neighborhood you live in, the income you earn, the money you accumulate, the car you drive, the amazing people who are your closest friends, the places in the world you travel to, etc.
  2. Bullet point each dream within your script
  3. Build goals around each dream
  4. Pursue each goal until it is achieved

As you realize each dream, you climb your individual Dream Ladder. When you reach the top of your ladder, only then are you living the life of your dreams.

Clearly, the hardest part of this Dream-Setting process is pursuing and achieving the goals behind your dream, or the Goal Pursuit & Achievement Process (Step 4).

Step 4’s Goal Pursuit & Achievement Process is the hardest part because it requires that you:

  1. Develop the knowledge and skills which enable you to pursue each goal, and
  2. Take action on each goal

Each of these two Goal Pursuit & Achievement Processes requires effort. Effort = time. Somehow, you must find the time to pursue and achieve the goals behind your dreams.

What makes devoting time to your goals so hard is that many who are pursuing their dreams and the goals behind their dreams have jobs which limit how much time they have to engage in this Goal Pursuit and Achievement Process.

So what do you do?

You must create a daily routine in which you block off time, every day, to dedicate to this Goal Pursuit & Achievement Process.

This routine can take as little as one hour a day. What makes this routine effective is transforming it into a daily habit. Day after day, you must go at each one of your goals.

Your daily routine is the scheduling system that transforms each of your dreams, and the goals behind your dreams, into reality.

This is why I harp so much on habits. Daily habits, built around your goals, make success possible.

Your daily routine is nothing more than a series of daily habits you engage in every day that enable you to achieve each one of your goals and ultimately, each one of your dreams.

Let me give you a real-life example.

When I began my Rich Habits Study in early 2004, I had just taken over as CEO of my company. I had responsibility for eight employees and close to one thousand clients. This new job required an enormous time commitment, meaning long hours. I also had three young children and a spouse I desperately wanted to spend time with.

So, I found the only time available: 4:30 a.m. – 6 a.m. on workdays and 4:30 a.m. – 8 a.m. on weekends. For nearly four years, my daily routine was waking up at 4:30 and devoting time to my Rich Habits Study. Because I only had that limited time, the study took four years. But, after four years, it was done.

Since then, I have continued to employ this daily morning routine to help me write five books over a seven year period. Like so many of the self-made millionaires in my Rich Habits Study, a simple daily routine helped transform me from a nobody into a world-wide best-selling author in a relatively short period of time.

If you are pursuing a dream and time is your enemy, you must create a routine and then you must habitualize that routine – schedule it every day. This is what successful high-achieving dreamers do. That is what the self-made millionaires in my Rich Habits Study did. They created and followed a consistent schedule, or daily routine.

Consistency transforms dreams into reality.

Tom Corley is an accountant, financial planner and author of “Rich Kids: How to Raise Our Children to Be Happy and Successful in Life.”

Interview With Gina Lofton

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Hello. This is Gena Lofton.

I would like to introduce you to Tom Corley.  Tom is a motivational and empowering speaker and is the author of several books that discuss the habits of the wealthy and how they differ from others. He discusses his childhood and how his successful businessman father ended up losing his fortune through a business sale that went bad.

He became interested in the habits of successful people when a friend with business problems asked him for advice. This sparked off an idea to conduct a study of people’s behavior and habits on what habits are required to derive success.

Early on he asked the question, “What do you do with your time at the end of your work day?” He got a lot of different answers, and he noticed that almost all of the wealthy people spent time away from home doing things that increased their knowledge and expanded their connections with others.

Watch Episode With Tom Corley

Listen To Episode With Tom Corley

His study ended up breaking down habits into twenty different categories. To get participants interested in the study he offered free tax planning. He gathered a lot of information from various individuals and compared their net worth.  He narrowed things down to ten essential habits which he used in his first book. Later he went into broader detail in subsequent books. He says, “It was important to not only learn what the successful were doing but also what those less successful were doing wrong.”

Tom says, “Most poor people would just kick back and look for entertainment in their evenings, while the wealthy, would often practice and improve their skills.” It doesn’t matter what your circumstances are anyone can change their habits. Either by getting rid of bad habits or taking on new good ones.

He discusses various ways to change and improve your life and one way is by surrounding yourself with people who already have what you want. One should find the people that have the habits you want and make friends with them so that you can emulate their habits and adopt for yourself.

He also wrote a book called Rich Kids to help instruct parents and teachers on methods of assisting young people to develop to become successful in life.   In that book, he goes through all of the different things people should be teaching children. One is encouraging children to read and learn and get away from distractions like video games and television. His book contains several stories about how parents can help their children be successful adults.

You can find out more at his website where he has a lot of free material and a regular newsletter.

Talking Points From This Week’s Episode

  • He studied the differences in habits between the wealthy and less wealthy.
  • One should learn and understand what are good and bad habits.
  • Anyone should be able to change their habits and integrate new ones.
  • He provides tips for helping educate children to be successful.

About Our Guest
Tom Corley is an internationally recognized authority on habits and wealth creation.
His inspiring keynote addresses cover success habits of the rich, failure habits of the poor and cutting-edge habit change strategies. Tom has spoken alongside Richard Branson, Mark Victor Hansen, Robin Sharma, Dr. Daniel Amen and many other notable speakers.

In Tom’s five-year study of the rich and poor, he identified over 300 daily habits that separated the “haves” from the “have not’s.”

Tom is a bestselling and award-winning author. His books include Rich Habits, Rich Kids, Change Your Habits Change Your Life and Rich Habits Poor Habits.

Tom has appeared on or in CBS Evening News, The Dave Ramsey Show, CNN, MSN Money, USA Today, the Huffington Post, Marketplace Money, Success Magazine, Inc. Magazine, Money Magazine, Kiplinger’s Personal Finance Magazine, Fast Company Magazine, Epoca Magazine (Brazil’s largest weekly) and thousands of other media outlets in the U.S. and 25 other countries. Tom is a frequent contributor to Business Insider, CNBC, and other national media outlets.

Tom is also a CPA, CFP, holds a Master’s Degree in Taxation and heads a CPA firm in New Jersey.


Radio Interview Prudent Money With Bob Brooks

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Click here to listen to my latest radio interview. This one with Bob Brooks, host of Prudent Money:

Interview With Grow The Heck Up

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My interview with Grow The Heck Up


Persistence Turns Dreams Into Reality

This August I will be speaking alongside Mark Victor Hansen at the National Achievers Congress.

Mark, along with Jack Canfield, authored the book Chicken Soup of the Soul. With nearly 500 million copies sold, that book put Jack and Mark into the Guinness World Book of Records for the most books sold by any author or author team.

My first book, Rich Habits, published in 2010, had sold less than 1,000 copies through July, 15 2013. For over three years I was doing everything I could to promote Rich Habits, but media attention was nearly impossible to come by. Nonetheless, I kept at it. I kept pitch-Tweeting the media about my Rich Habits. My perseverance paid off on July 16, 2013 when a Yahoo interview I had done in June, 2013 went viral with over 2 million hits within a 24 hour period.

What followed is the stuff dreams are made of. I was interviewed by Dave Ramsey, the #3 radio host in the Unites States. He saw the Yahoo interview and invited me on his radio show.  Eight million people listened to Dave interview me about my Rich Habits for 30 minutes. Then CBS reached out to me and off I was to Boston for a CBS interview that was seen by over 20 million people in the U.S. and Canada. SUCCESS Magazine followed with an amazing interview for their October, 2014 magazine edition. And, on and on.

As a result, I have sold an enormous number of books.

And now I will be speaking alongside one of the greatest self-help experts in the world. I am where I am today because I dared to dream and refused to quit on my dream.

Dream. Dream big dreams.

Set audacious goals.

Focus on your dreams and goals every day.

Anything is possible. This small town boy from Freehold, New Jersey, a nobody-CPA, is real-life proof that dreams can come true and that those who refuse to quit, turn dreams into reality.

Never Quit on Your Dreams!

CNBC Make It – 8 business icons who became highly successful after 30

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Click on the link below to view the article:

8 business icons who became highly successful after 30



INSIDER – 13 things that wealthy people never waste their money on

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Click the link below to view the article:

13 things that wealthy people never waste their money on




Inc. Magazine – A Financial Planner Interviewed 233 Rich People to Learn How They Think. Here Are the Results

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Click the link below to view the article:

Inc. Magazine – A Financial Planner Interviewed 233 Rich People to Learn How They Think. Here Are the Results:



Celebrity Net Worth – Lack The Entrepreneurial Spirit? Here’s How To Get Rich Working For Someone Else

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Celebrity Net Worth – Lack The Entrepreneurial Spirit? Here’s How To Get Rich Working For Someone Else:


Rich Habits Voted One of Best Newsletters for Entrepreneurs

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Click on Link Below:

18 Newsletters That Will Make You a Better Entrepreneur