Rich habits versus bad habits

Your daily habits are the reason why you are rich, poor, or stuck in the middle class.

Daily habits are the cause, financial circumstances, the effect.

The rich habits are unique in the habit world because they create a ripple effect over other habits.

One rich habit will give rise to countless complementary rich habits. One rich habit will also eradicate many bad habits, or contradictory habits, that get in the way.

According to a 2006 Willpower Study by Australian researchers Megan Oaten and Ken Chew, they found evidence that supports my findings. In their study of willpower, they introduced a study group to new habits in an attempt to measure willpower. After six months they brought this study group back for some questions and answers. Much to their surprise, they discovered that the new habits these individuals had to adopt gave rise to other habits that seemed to complement or reinforce the new habits. They coined their habit discovery as the Ripple Effect.

According to various studies, 40% – 60% of all your daily activities are habits. This means that you are on autopilot 40% – 60% of the time.

This is a good thing if most of your habits are rich habits, but this is a very bad thing if most of your habits are bad habits.

For example, if you adopt the rich habit of exercising aerobically for 30 minutes a day, this will eventually lead to the elimination of the bad habit of overeating, eating junk food, smoking cigarettes, excessive alcohol consumption and any other bad habit that conflicts with your new rich habit.

The Ten Important Rich Habits That Will Make You Rich:

1. Wealthy individuals make themselves aware of their habits. This gives them the opportunity to change their habits. So rich habit #1 is the habit of self-awareness.
2. Wealthy individuals set daily, monthly, annual and long-term goals, almost always linked to one or more dreams. That’s why pursuing your dreams is so important. Your dreams force you to set goals, because goals are the construction crew for your dreams.
3. Wealthy individuals read about their careers for 30 minutes a day.
4. Rich people are healthy people. They exercise aerobically 30 minutes a day, four days a week and stay below their “caloric threshold” (this is the number of calories consumed each day that prevents you from gaining or losing weight). For men, this ranges from 2,000 calories per day to 2,600 calories per day. For women, this ranges from 1,500 calories per day to 2,100 calories per day.
5. Wealthy individuals manage their relationships every day. Strong relationships are the currency of the rich. They use certain strategies to grow their relationships, such as: “The Hello Call”, “The Happy Birthday Call” and “The Life Event Call”. They deliberately try to add rich relationships to their inner circle and they deliberately try to remove toxic relationships from their inner circle.
6. Wealthy individuals live in moderation every day. They eat in moderation, spend in moderation, work in moderation and play in moderation.
7. Wealthy individuals create to-do lists around their goals. Basically, they create daily to-do goals. These to-do goals are almost always linked to one or more dreams they are pursuing.
8. Wealthy individuals engage in “rich thinking.” They are cheerful, positive and focused on self-improvement, growth and achievement.
9. Certain wealthy individuals become wealthy by saving at least 10-20% of their income and living off the remaining 80-90%. They then invest their savings wisely, causing their wealth to grow.
10. Wealthy individuals have control over their thoughts and emotions every day. People like to do business with people they feel comfortable with. They feel uncomfortable doing business with emotionally unstable individuals.

Bad habits that keep you poor

• You have too many time-wasting activities: TV, Facebook, Twitter, YouTube, texting, etc.
• You eat more than 300 calories from junk food per day. You can’t make money with a hospital bed. Eating unhealthy food harms your health and shortens your lifespan. It’s hard to be productive when you have chronic health problems.
• You drink too much alcohol too often. Moderation means no more than two glasses of beer, wine or strong alcohol per evening.
• You drink more than 12 ounces of sugary drinks. Numerous studies have shown that sugar increases risk factors for cancer.
• You don’t train consistently. Lack of exercise can lead to chronic health problems. Again, you can’t make money on a hospital bed.
• Your relationships are on an ‘as needed’ basis. You only contact your family or friends to socialize or if you have problems and need their help. You don’t call them just to say hello, wish them a happy birthday, or to congratulate or comfort them when something is happening in their lives. In other words, you ignore them unless you need them for something.
• Procrastination is the rule rather than the exception. You don’t chase dreams, so you don’t set goals and that’s why you don’t have a daily to-do goal list that you follow every day.
• You spend very little time on your career outside of work. You’re not reading to learn about your career or industry. In most cases, this is because you don’t like your job.
• You do not volunteer at least 5 hours per month. Why is this important? Many of the people who lead the boards and committees of community nonprofits are among the wealthiest and most successful people in your community. These people can open doors for you or your children.
• You talk more than you listen.
• Too often you put your foot in your mouth and say inappropriate things.
• You are not generous with your time or money.
• You are a spender and not a saver. You do not save 10% or more of your net income every month. You can’t invest unless you save.
• You spend more than you earn. Your standard of living is too high. You depend on debt to finance your standard of living. Eventually you will end up without debt.
• You have no control over your thoughts and emotions. You lose your temper too often and belittle others too much.

Experts continue to debate how to change a habit, how long it lasts, and even whether it is possible to break a habit. I’m here to tell you that you need to forget about getting rid of your bad habits. It’s a waste of time. Instead, create rich habits and they will produce complementary habits. They will also automatically eliminate bad contradictory habits.

The rich habits are intentionally designed as Keystone habits to maximize their effectiveness. Keystone habits dominate other common habits. Adopting just one rich habit will overwhelm countless bad habits.

All you have to do is add one rich habit at a time. Your bad habits will disappear on their own.

This is the power of rich habits. It doesn’t take willpower to eliminate bad habits. The more rich habits you add to your life, the more your life will improve over time.

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