Millionaire Habits That Could Change Your Life!

New Year's Resolutions That Could Change Your Life. In today’s video, I will share thirteen millionaire habits, things that self-made millionaires do that poor people do not.

According to Fidelity, only 12% of today's millionaires in America inherited a significant portion of their wealth. One of the most effective ways to build wealth is to study those who have done so already. While taking on these habits won't necessarily make you rich, they might be a step in the right direction.

Thomas Corley studied "rich and poor" people for five years to work out how their behaviors and habits differ. I gathered a list of the thirteen habits of self-made millionaires based on his research that I found most interesting.

Patrick's Books:

Timestamps:
0:00 Introduction
02:40 Habit 1 - Reading good books
03:05 Habit 2 - Not watching much TV
03:23 Habit 3 - Investing not gambling
03:42 Habit 4 - Exercising and eating well
03:57 Habit 5 - Sleeping well & getting up early
04:12 Habit 6 - Having multiple streams of income
04:33 Habit 7 - Overwhelming positivity
04:48 Habit 8 - Having good manners
05:00 Habit 9 - Seeking feedback to improve
05:31 Habit 10 - Working longer hours
05:56 Habit 11 - Avoiding negativity & volunteering
06:20 Habit 12 - Helping others to succeed
06:45 Habit 13 - Setting goals
07:07 Conclusion

[richard.jan]

02:40 Habit 1 - Reading constantly
03:05 Habit 2 - Not watching TV
03:23 Habit 3 - Not buying lottery tickets
03:42 Habit 4 - Exercising and eating well
03:57 Habit 5 - Sleeping well & getting up early
04:12 Habit 6 - Having multiple streams of income
04:33 Habit 7 - Overwhelming positivity
04:48 Habit 8 - Having good manners
05:00 Habit 9 - Seeking feedback to improve
05:31 Habit 10 - Working longer hours
05:56 Habit 11 - Avoiding negativity & volunteering
06:20 Habit 12 - Helping others to succeed
06:45 Habit 13 - Setting goals

[KingOfMadCows]

I think the personal health and stress relief aspect is perhaps the most important and overlooked one. A lot of people think that working super long hours, not sleeping, trying to deal with as much as you can handle and being under constant pressure can help them get ahead. But if you're too stressed and not taking good care of yourself, the quality of your work will suffer and you'll be more prone to making mistakes and bad judgments. Just a few days of not getting enough sleep can really hurt your memory and screw up your blood pressure, making you more prone to anxiety.

[quinnrsligo]

Something to keep in mind: What rich people do and what people do to get rich aren’t necessarily the same thing.

[mdkooter]

Interesting. I share some of these observations, but must also say that with a certain degree I can say that some of those habits are the consequence of wealth. Not the reason. When you have ample money, you can dedicate your free time to volunteering because you don't need to struggle to pay the rent. When you have ample income (especially from multiple sources) you stress less and be positive all the time. You already made it in life, of course you are positive. So there's a certain bias in these results. I know plenty of people who are rude, unmannered, go to bed very late at night (traders, crypto, programming or what not), dress poorly. eat junkfood and never work out that are much more succesfull than I am. So I'm also a little skeptical about the type of people / area / subculture that were interviewed.

[squareyes]

I genuinely used to be positive and forward looking but years of fruitless struggle have worn me down and killed my confidence and positivity. I think it’s easier to be a positive person if you’re already successful.

[CJBroonie]

These are “habits” of people who have the means to do these things already. They aren’t the habits that can get you from ground zero to millionaire. Notice, too, that one of those habits is knowing rich people. That’s coming from a place of wealth, not a “habit” that begets wealth. It takes brutally hard work and a serious amount of money to start a successful business and most will fail, no matter how early in the morning they get up.

[hatemymailbox]

so you mean that all these years of eating caviar to succeed are in vain???!!!
dang it!!!

[masterofgarden]

The only thing I did was wrote a goal on my todo list have 124k by end of year. Turn out I surpass that goal in a few month. Very powerful when you write your goal down.

[zimmylolly]

Who else found this channel after coffeezilla but didn’t stop watching

[IaintTheHerb]

Scott Adams said it best - goals are for losers, *systems* are for winners.

[PotatoMcWhiskey]

Almost every millionaire I've met is an incredibly social person, having a strong network of friends and associates brings boundless opportunity

[bibidavien]

Many people think that working super long hours, not sleeping, trying to cope as best you can, and being under constant pressure can help them move forward. I think the personal health and stress relief aspect is perhaps the most important and overlooked aspect.

[ozgurkaratas]

i m working in a restaurant as a waiter.i try to learn different disciplines and i can talk with my customers..most of the time i talk about economy(finance, investing, crypto currency), international politics, future technologies, history, cinema. most of the time i learn a lot from my customer..once i made really good money.because one of my customer told me, invest some on bitcoin in 2013 and i sold them in 2017...

[OatyReading]

So much useful information delivered in a concise manner, unlike other youtubers who talk for an hour without once saying something useful or interesting, thanks again!

[bandilemadonsela]

If u saw the Bugatti, u saw
This guy 😂😂😂😂😂😂😂😂😂😂😂
Much love and great success with your hedge fund ❤️🔥

[likemysnopp]

As far as I can tell the traits that can make you wealthy is an ability to communicate effectivily with people who are willing to work with you and that the idea you create together generate money. And then that you use that money to generate other income streams. Im certain that today you will have to have more then one income stream to become wealthy. Maybe its always been like that. Happy to see this video and I will do my best to improve

[luisdunford]

Don't only hope on the government's respond on most matters and Economy growth.

As an individual you should be safeguarded and also try different self business and trade not only waiting on betterment of stock market activities.

Is always important to save the little you can and think of what to do with it, when it becomes good for capital.

Because Government have failed us in some aspects like security, economics activities and other trading systems.

[Julianspillers]

Very interesting. As a military historian I would say that many of these habits are common among the Great Commanders of history.

[stevegables]

I want to add that the industry they partake in likely has an impact on the quality of people that surround those millionaires. I spent a considerable amount of time in the legal cannabis industry, around many excessively wealthy people with solid habits; yet due to the industry we were involved in, their past always superceded their present. Nobility in profession is highly important to a good night's sleep, and greed is a curse. Thanks as always for the enlightening and inspiring content, Patrick. Been a fan ever since the Coffeezilla podcast and hope to see you on there again.

[AbdulRWatches]

Perfect timing with 2021 starting, we could take up one or two of these habits, and leave a couple of the negative ones in 2020 Behind.
Thank you so much, Patrick, I have been enjoying your content since the podcast with coffeezilla, definitely, the world of podcasts has opened our eyes to new and very helpful things.
I do enjoy Dan Carlin Hardcore History, Joe Rogan Podcast, Tim Dillon Podcast, TimeIRL, Peak Prosperity, and Orange Pill.