Categories: Lifestyle

Man Who Interviewed 177 Self-Made Millionaires Reveals They Had ONE Habit In Common Before They Became Rich

Developing this habit could lead you to financial security.

  • Finance expert-turned-book author Thomas C. Corley has some wisdom to share after he interviewed 177 self-made millionaires for five years.
  • According to Corley, they all had one habit in common before they became wealthy.
  • He said all the millionaires had a goal of saving 10 to 20 percent of their income way before they became rich.
  • The more you are able to save at an early age, the more wealth you’ll accumulate,” he likewise remarked.

Thomas C. Corley had the unique opportunity of interviewing 177 self-made millionaires. It took him five years to do that and he has since written books about the insights he has gained, such as “Rich Habits: The Daily Success Habits of Wealthy Individuals”.

According to him, about 80% of these millionaires had one common practice that they did way before they hit the big time. And this one habit eventually played a big factor in helping them become more financially-stable.

Thomas C. Corley, public accountant, financial planner, and book author

Corley revealed:

“The self-made millionaires in my study all set a goal of saving 10 to 20 percent of their income during their pre-millionaire years.”

This is, of course, in stark contrast to the average amount saved by workers in the United States – which is only around 8%, according to the St. Louis Federal Reserve.

Corley further shared that 80% of self-made millionaires were 50 years old or older when they became wealthy.

“Self-made millionaires make a habit of saving,” he emphasized. “The more you are able to save at an early age, the more wealth you’ll accumulate.”

Another point that the author made is that millionaires “do not rely on one singular source of income.” As he wrote in his book “Change Your Habits, Change Your Life,” 65% had” at least three streams of income that they created prior to making their first million dollars.”

You can watch Thomas C Corley’s interview with HisAndHerMoney.com here to learn more:

Like on Facebook

Leave a Comment

Recent Posts

March 14th Holiday – Pi Day or Something Else?

Table of Contents: Introduction: The Significance of the March 14th Holiday The Mathematical Marvel: Unraveling…

November 1, 2023

Mystery Of Missing Pages

Who made them disappear? What was the reason? Where did they go? Why? Gather round,…

July 26, 2023

Bees Kill Penguins by Stinging Them in the Eyes

Swarm of bees stings the eyes of penguins in Cape town 60 penguins died from…

November 16, 2021

2000 Kilogram Sunfish Caught Off North African Coast

A massive ocean sunfish measuring 2,000 kilograms was caught on North African Coast It is named Mola alexandrini or…

November 16, 2021

Man Embezzles $57K in COVID-19 Relief to Buy Pokemon Cards

A businessman in Georgia utilized the Covid-19 relief to buy a limited edition Charizard Pokemon card He committed…

November 8, 2021

Florida Man Catches and “Recycles” Alligator in Driveway

Man captures an alligator in his neighbor's yard in FloridaHe uses a trash can to…

November 1, 2021

This website uses cookies to ensure you get the best experience.