Rich habits and bad habits

Your daily habits are what make you rich, poor, or stuck in the middle class.

Daily habits are the cause and financial status is the effect.

Abundance habits are unique in the world of habits because they have a ripple effect on other habits.

One rich habit spawns many complementary rich habits. An abundance of habits can also eliminate many bad or conflicting habits that are getting in the way.

According to a 2006 willpower study conducted by Australian researchers Megan Oaten and Ken Chew, they found evidence to support my findings. In their willpower study, they introduced new habits to a research group to measure willpower. Six months later, they brought the research group back for some Q&A. To their surprise, they found that the new habits the people were asked to develop spawned other habits that seemed to complement or enhance the new habits. They call their habit discovery the “ripple effect.”

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

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

For example, developing a rich habit of 30 minutes of aerobic exercise every day will eventually eliminate overeating, junk food, smoking, excessive drinking, and any other bad habits that conflict with your new rich habits.

Ten key wealth habits that will make you rich:

1. Wealthy people are self-aware of their habits. This gives them the power to change their habits. So, wealthy habit #1 is the habit of self-awareness.
2. Wealthy people set daily, monthly, yearly and long-term goals, almost always tied to one or more dreams. This is why pursuing your dreams is so important. Your dreams force you to create goals because goals are the construction team of your dreams.
3. Wealthy people spend 30 minutes a day on daily career-related reading.
4. Rich people are healthy people. They performed 30 minutes of aerobic exercise four days a week and stayed below their “caloric threshold” (which is the amount of calories you burn each day that neither makes you gain nor lose weight). For men, the range is 2,000 calories to 2,600 calories per day. For women, the range is 1,500 calories to 2,100 calories per day.
5. Rich people manage their relationships every day. Strong relationships are the currency of the rich. They employ certain strategies to develop relationships such as: “Hello Calls,” “Happy Birthday Calls,” and “Life Event Calls.” They intentionally seek to add enriching relationships to their inner circle and intentionally seek to remove toxic relationships from their inner circle.
6. Rich people live modestly every day. They eat in moderation, consume in moderation, work in moderation, and play in moderation.
7. Rich people create to-do lists around their goals. In fact, they set daily to-do goals. These to-do items are almost always tied to a dream or dreams they are pursuing.
8. Rich people engage in “rich thinking.” They are optimistic, positive, and focused on self-improvement, growth, and achievement.
9. Some rich people get rich by saving at least 10-20% of their income and live on the remaining 80-90%. They then invest their savings prudently, thereby growing their wealth.
10. Wealthy people have control over their thoughts and emotions every day. People like to do business with those who make them feel comfortable. They feel uncomfortable doing business with emotionally unstable people.

Bad habits that lead to poverty

• You have too many time-wasting activities: TV, Facebook, Twitter, YouTube, texting, etc.
• You consume more than 300 calories of junk food per day. You can’t make money off a hospital bed. Eating unhealthy foods can harm your health and shorten your life. It’s hard to be productive when you have chronic health issues.
• You drink too much too often. Moderation means no more than two glasses of beer, wine, or hard liquor per night.
• You drank more than 12 ounces of a sugary drink. Numerous studies have shown that sugar increases cancer risk factors.
• You’re not exercising consistently. Lack of exercise can lead to chronic health problems. Again, you can’t make money off hospital beds.
• Your relationship is built on an “as needed” basis. You would contact family or friends only if you have a problem and need their help. You don’t just call them to say hello, happy birthday, congratulate them or comfort them if something is going on in their life. In other words, unless you need them to do something, you ignore them.
• Procrastination is the norm, not the exception. You don’t pursue your dreams, so you don’t set goals, and therefore, you don’t have a daily to-do goal list to follow every day.
• Apart from work, you spend very little time on your career. You are not reading to learn more about your career or industry. In most cases, it’s because you don’t like your job.
• You may volunteer no less than 5 hours per month. Why is this important? Many community nonprofits have boards and committees headed by some of the wealthiest and most successful people in the community. These people can open doors for you or your children.
• You talk more than you listen.
• You often put your foot in your mouth and say inappropriate things.
• You are not generous with time or money.
• You are a spender, not a saver. You don’t save 10% or more of your net income each month. You can’t invest unless you save money.
• You spend more money than you make. Your standard of living is too high. You rely on debt to maintain your standard of living. Eventually, you run out of debt.
• You have no control over your thoughts and emotions. You lose your temper too often and put others down too often.

Experts still debate how to change habits, how long it takes, and whether it’s even possible to break a habit. I’m here to tell you to stop trying to break your bad habits. This is a waste of time. Instead, develop rich habits and they will create complementary habits. They will also automatically eliminate contradictory bad habits.

Enrichment habits are intentionally designed to be key habits to maximize their effectiveness. Key habits overwhelm other common habits. Adopting just one rich habit can overwhelm numerous bad habits.

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

This is the power of enrichment habits. Eliminating bad habits doesn’t require willpower. The more enrichment habits you add into your life, the more your life will improve over time.

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