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TOM@RICHHABITS.NET
Fred Smith, Federal Express Founder, out of desperation to keep his fledging overnight delivery company in business, took all of the money the company had left and went to the casino. His $5,000 blackjack gamble paid off, winning him $27,000. He used the winnings to pay the company’s fuel bill, of $24,000.
While this is an extreme example of doing extraordinary things to to become wealthy, it’s not really all that extreme.
Extraordinary wealth almost always requires the extraordinary:
- Extraordinary Beliefs
- Extraordinary Massive Action
- Extraordinary Goals
- Extraordinary Dreams
- Extraordinary Optimism
- Extraordinary Confidence
- Extraordinary Risks
- Extraordinary Ability to Shoulder Stress
- Extraordinary Ability to Solve Problems
- Extraordinary Ability to Overcome Adversity
- Extraordinary Relationships
- Extraordinary Investment in Yourself and Your Dreams/Goals
- Extraordinary Work Ethic
- Extraordinary Debt, Often Predatory Debt
Forty-nine percent of the self-made millionaires in my Rich Habits Study were slow track millionaires: Saver-Investors, Big Company Climbers and Virtuosos. Slow track millionaires grew their wealth slowly, between 20 – 32 years. They generally did not possess any of the above Extraordinary traits and, as a result, the amount of wealth they accumulated was not Extraordinary – it ranged from $3.3 million to $4.3 million.
But, 51% of the self-made millionaires in my Study did possess Extraordinary traits. This 51% were the Dreamer-Entrepreneurs and these Dreamer-Entrepreneurs accumulated an average of $7.4 million over just twelve years.
Twelve years!
Which is Extraordinary.
Tom Corley is an accountant, financial planner and author of “Rich Kids: How to Raise Our Children to Be Happy and Successful in Life”, Effort-Less Wealth, Change Your Habits Change Your Life, Rich Habits Poor Habits and “Rich Habits: The Daily Success Habits of Wealthy Individuals.”
