Tip o’ the Morning to Ya – The Power of Mistakes

Rich Habits Word of the Day

Gaffe – Mistake, blunder.  Tom’s pursuit of his dream resulted in many gaffes and, through the process of elimination, found those things that did work.

Rich Habits Fact of the Day

We have just celebrated the 135th anniversary of Thomas Edison’s success in heating a spiral of carbonized cotton thread to incandescence for 14 hours in his lab in New Jersey. He did that on Oct. 22, 1879, and followed up a month later by keeping a filament of common cardboard alight in a vacuum for 45 hours. Three years later he went on to light up half a square mile of downtown Manhattan, though only one of the six dynamos in his design of his central power station worked when he pulled the switch on Sept. 4, 1882.

“Many of life’s failures,” the supreme innovator said, “are people who did not realize how close they were to success when they gave up.” Before that magical moment in October 1879, Edison had worked out no fewer than 3,000 theories about electric light, each of them reasonable and apparently likely to be true — but in only two cases did his experiments work.

No one likes failure, but the smart innovators learn from it.

Rich Habits Lesson of the Day

Success is built on a mountain of mistakes. The greater the number of your mistakes the higher your mountain of success. This is why it is important to push yourself out of your comfort zone by pursuing goals and dreams. The pursuit of goals and dreams forces you to reach in life. This reaching into new territory elevates your learning in two ways: learning created by self-education and learning created by making mistakes. Both increase your knowledge and skill level. Learning what not to do is very often the best education because mistakes cost you time and money. As a result, they aren’t easily forgotten. They stick out like missing teeth in a smile. Mistakes force you to make course corrections; to adjust your thinking and behavior.

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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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