Thanks Mom and Dad – I’m Rich!

In my recently released book: Rich Kids – How to Raise Our Children to be Happy and Successful in Life (http://richhabits.net/rich-habits-books/), I share hundreds of strategies, tips and tools that rich, successful people learned from their parents. It didn’t matter that their parents came from a poor or middle-class household. All that mattered was that the parents of the wealthy mentored them for success. Most parents do their best to give their kids the tools they need to survive in the real world. But what I found in my five-year study of the rich and poor was that certain parents go above and beyond, teaching specific habits that give their kids the tools that set them up to excel in life. These habits gave their kids a leg up, enabling them to outperform their peers and achieve incredible wealth and success in life. I’d like to share two of the most important Parenting Rich Habits with you:

Daily Self-Education Reading

88% of the wealthy in my study read 30 minutes or more each day for self-education. This was not something they stumbled into. Their parents made them read. They instilled in them the importance of reading and self-education. In my research I found examples of famous people whose parents taught them this Parenting Rich Habit:

  • Ben Carson, a famous neurologist who may very well become our next President, shares a story about this Parenting Rich Habit he learned from his mom in his bestselling book: One Nation (http://www.amazon.com/One-Nation-What-Americas-Future/dp/1595231129/ref=sr_1_1?s=books&ie=UTF8&qid=1414439823&sr=1-1&keywords=dr+ben+carson+one+nation). Dr.Carson lived in one of Detroit’s ghettos. His mom was afraid that her son would become just another casualty of ghetto life. To prevent this, Mrs. Carson made Dr. Carson read every day for self-education. To ensure her son did his daily reading she also required that he write a one page summary about what he read that day so she could read it. Each day, Dr. Carson would hand this summary to his mom for her to review. This daily reading eventually became a habit that helped give Dr. Carson the confidence to pursue higher education and eventually medical school. He continues to read every day. Years later, Dr. Carson would learn that his mom was illiterate. She never actually could read any of his summaries. Intuitively, Mrs. Carson knew that if she could instill in her son the daily habit of reading it would help get him out of the ghetto and realize the American Dream. And it worked!
  • John Quincy Adams, sixth President of the United States and son of founding father John Adams, acquired his passion for reading from his doting father and affectionate mother, who taught him languages, and the classics. He spent much of his youth accompanying his father overseas at the outset of the Revolutionary War. He acquired his father’s love of reading while in France. When he returned to America in 1785, Adams enrolled in Harvard College as an advanced student, completing his studies in two years.
  • When Abraham Lincoln was young, his mother died from drinking milk from a cow that had eaten the poisonous snakeroot plant. His father left their cabin and came back with Lincoln’s new mother who instilled in Lincoln a love of reading that would take him to the highest office in the United States. Under her guidance Lincoln made rapid progress. “He read all the books he could get his hands on,” she recalled.

Helping Your Children Find Their Main Purpose in Life

When you find your main purpose in life, you are infused with a passion that drives you to excel in what you do. Work is no longer work. The wealthiest individuals in my study were assisted by their parents in finding their main purpose in life. Love him or hate him, this Parenting Rich Habit has become generational in Donald Trump’s family. Donald became passionate about real estate through his father’s encouragement and mentoring. Donald then passed along his passion for real estate to his own children. There’s an important lesson to be learned from this: Parents need to become mentors to their children and help them find their main purpose in life. I discovered a very simple strategy for helping your children find their main purpose in life. Here’s the process:

  1.  Make a list of everything you can ever remember that made you happy in life. Hopefully, this will be a long list.
  2. Now highlight those items on your list which involve a skill.
  3. Assign a job-type designation to each of the highlighted items.
  4. Next rank each of the highlighted items in terms of happiness with #1 being the greatest happiness and #2 the next greatest happiness and so on.
  5. Now rank each of the highlighted items in terms of income potential with #1 being the highest income and #2 being the next highest and so on.
  6. Total the two columns. The lowest scores represent your main purpose in life.

Here’s an example:

 

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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, 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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