Rich Habits Poor Habits Episode 20 | No is a Rich Habit

Time is our most valuable resource and it is a valuable resource that is given to us for free. no

Because it is free we tend to not value our time until it starts to run out.

Time becomes a valuable resource at around age 50.

This is when we realize time is running out.

In Tom Corley’s five-year Rich Habits study of 233 rich people and 128 poor people he discovered the habit of learning to say NO

Rich people, specifically self-made rich people, made a habit of saying NO to certain individuals.

In this week’s video we discuss Rich people, specifically self-made rich people, made a habit of saying NO to certain individuals.

These include:

  • Down & Out – Those who are reluctant to ask for help but truly need your help and
  • Users – Those who are continuously looking for a handout but never reciprocate and
  • Reciprocators – Those who look for opportunities to help first or repay the debt.

The Down and Out are individuals who have experienced random bad luck in life.

These are individuals who would otherwise never ask for help.

Life circumstances forced their hand.

Users are individuals who are self-centered and focused only on their needs.

They don’t value your time.

Their lives are usually a mess and they forged this nasty habit of continuously seeking favors from others.

What makes them toxic is that they never reciprocate and pay off the debt of your services.

They are like locusts and should be avoided at all costs.

Reciprocators are individuals who seek your help but, unlike the users, they value your time and feel compelled to reciprocate your kindness. mind

It’s often difficult to initially separate the Users from the Reciprocators.

This is the fool me once shame on you, fool me twice shame on me scenario.

Users will seek out your help, never reciprocate and then come back to the well over and over again until you say NO.

When you say NO, they discard you like yesterday’s trash and move on.

When you make a habit of saying NO, except to those truly in need, that is a Rich Habit, users will disappear in your life.

You can catch up with past episodes of this weekly webcast here Rich Habit, Poor Habits – Tom Corley & Michael Yardney










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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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