The Must-Know Habits of Self-Made Millionaires

'Shark Tank' star Robert Herjavec
'Shark Tank' star Robert Herjavec

For five years, Tom Corley studied the daily habits of rich and poor people and identified those activities that the rich had in common. This led to the best-selling book Rich Habits:

The Daily Success Habits of Wealthy Individuals. In his latest book, Change Your Habits, Change Your Life, Corley describes the habits that helped ordinary people become self-made millionaires

The 10 Must-Know Habits of Self-Made Millionaires


10. They Have Good Manners

Corley says that to be successful, you need to have good etiquette. This includes everything from having good table manners to being polite and knowing how to dress appropriately.


9. They Aren’t Afraid to Stand out From the Crowd

According to Corley, most people fail to be successful because they’re too afraid to stand out. Successful people, in contrast, not only separate themselves from the herd but create a new herd and then get others to join.


8. They Have a Positive Outlook

All of the self-made millionaires that Corley studied had a positive mental outlook. He says that you need to become aware of your thoughts because this will make you realize which of those thoughts are negative.


7. They Rely on Mentors

According to Corley, successful people rely on mentors from whom they can learn valuable life and business lessons. This has made their own road to success smoother and faster.


6. They Don’t Rely on One Source of Income

The self-made millionaires he studied tend to have multiple sources of income, Corley found. These include investments in the stock market, renting out property and being part-owners in other businesses.


5. They’re Early Risers

Corley found that about half of the rich people he studied were in the habit of getting up long before their workday actually started. They would then tackle the things they wanted to accomplish that day, without interruptions and distractions.


4. They Chase Their Own Dreams and Goals

Instead of pursuing the future that others want for them, the rich decide their own dreams and goals and then pursue these with passion and determination.


3. They Associate With Other Successful People

Corley says that the rich surround themselves with others who are optimistic, enthusiastic, goal-oriented and positive. They also avoid those who are negative and destructive in their criticism.


2. They Work Out

Corley found that more than three-quarters of the rich do some kind of aerobic work-out for at least half an hour every day. This increases the production of glucose, which is fuel for the brain.


1. They Read a Lot

According to Corley, the rich spend at least half an hour a day reading. They tend to choose reading matter for education and self-improvement, such as self-help books, biographies of other successful people and history.