We Are Millionaires – Here’s a Snapshot of Our Lives


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In my five year study of the rich I got to know the substance of their lives very well. They have a lot in common. Below is a snapshot of a typical millionaire from my study:

  • We’re really rich. We are worth at least $3.2 million. 16% of us are worth more than $5 million. We make at least $160,000 a year. Half of us make close to $500,000 a year.
  • We’re not young. 80% of us are 50 years of age or older.
  • It took us a long time to accumulate our wealth. On average, it took 32 years to get rich.
  • We like our jobs. 86% of us like what we do for a living. 61% of us pursued some dream or some thing we were passionate about. Those of us who did pursue some dream became millionaires in only 12 years and we have a net worth of $7.4 million.
  • The richest among us had success mentors who taught us what to do and what not to do.
  • We read every day to learn. 88% of us read every day to increase our knowledge for our job. 85% of us read a minimum of two books a month. 63% of us listen to audio books or podcasts while we’re commuting to work, exercising or working in our backyards. We don’t read for entertainment. We consider that a waste of time.
  • Most of us are self-made. We inherited nothing from our parents. 31% of us were raised in a poor home. 45% of us were raised in a middle-class home. Only 24% of us inherited money from our parents.
  • We have many good habits and few bad habits. 73% of us got our success habits from our parents.
  • We’re competitive. 63% of us played sports in high school.
  • We’re in good health. We exercise almost every day. 76% of us exercise at least 30 minutes a day, 4 days a week. We like to jog, run or bike. We watch what we eat every day. We don’t eat much junk food. We don’t go to fast food restaurants. We don’t eat candy. We don’t get drunk. We don’t do drugs. We floss every day. We sleep at least 7 hours a night. We don’t smoke.
  • We like to mentor others. We like to help others succeed in life.
  • We’re charitable with our time and money. 72% of us volunteer 5 hours or more a month at local non-profits. We also give money to these same charities.
  • We all have financial advisors. We bounce everything off our CPA. We also have attorneys. We like to pick our investments ourselves and then bounce them off our financial advisors.
  • We’re happy.
  • Same house, same wife and same car. 64% of us own modest homes. We’ve owned our home for at least 20 years. Very few of us get divorced. We drive old cars. Most of the time we buy good used cars. We hardly ever lease a car.
  • We plan our day. 81% of us keep a to-do list.
  • We vote. 83% of us vote at every election.
  • We don’t spend a lot of money on vacations. 96% of us spend less than $6,000 a year on vacations. 41% of us spend less than $3,000 a year.
  • We wake up early every day. 44% of us wake up at least 3 hours before our work day actually begins.
  • We’re the boss at work. 91% of us are decision makers. We’re one of these: small business owner, CEO, senior executive, CPA, attorney, doctor, financial advisor or salesman.
  • We’re frugal.
  • We went to college. 68% of us went to college. 56% of us worked our way through college. 25% of us went to graduate school.
  • We’re not afraid to take risks. 63% of us took a risk in order to become rich. 27% of us failed at least once in business.
  • We work a lot. 73% of us work an average of 58 hours a week.
  • We love to pursue goals. 80% of us are focused on one major goal at any given time.
  • We don’t get mad or angry.
  • We hang out with other successful people or people who are upbeat and optimistic and have something on the ball. We don’t hang out with negative people or people who complain all the time. We avoid them like the plague.
  • We hardly ever gamble. 84% of us never gamble.
  • We believe in the American Dream. Our parents instilled that in us. We are living the American Dream.
  • We obey the laws. 99% of us have never been arrested.
  • We built teams to help us succeed. 84% of us have a team of individuals we rely on every day.
  • We are savers. 94% of us have been saving 20% of our income from the first day we started working. All of us have retirement savings.
  • We have more than one source of income. 65% of us have 3 streams of income. 45% of us have 4 streams. 29% of us have 5 streams.
  • We don’t watch TV. 67% of us watch less than an hour of TV each day.
  • We’re optimists.
  • We don’t lie, we’re honest.
  • We weren’t exceptionally smart in school. 77% of us were either C students or B students in school. But we got smart after school. We self-educated ourselves. We never stopped learning our entire adult lives.
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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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