Are Your Habits Rich Habits or Poor Habits?

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Dear Reader,

WOW, I have to make a change now. As I was reading Rich Habits, I realized that a couple of things are holding me back. I live five minutes away from the Toronto Waterfront. In fact, when I look out my window, that’s what I see. I love walking along the Toronto Waterfront, except when the weather is not so great, like today. It’s raining. But you can substitute ‘raining’ with any other weather condition.
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Those are the excuses I make. And that prevents me from engaging in a rich habit. The most successful people exercise every day, rain or shine. Because I don’t like to be outside in certain types of weather, I need to do other exercises. The other habit, which turns out to be a very bad one is eating out. I don’t eat out, but I do order from Skip the Dishes. Months will go by when I don’t do this.

But when I’m extremely busy, I tend to order out more. I’ll spend the time over the weekend cooking, but then I get tired of eating the same few dishes for the week. Everything is in moderation. Successful people don’t eat out more than once a week.

Are most of your habits rich habits or poor habits? Find out in the next section.

Ask Avil

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Are Your Habits Rich Habits or Poor Habits?
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If you’ve been reading this newsletter for a while, you know that I’m participating in The 100 Day Project where I do something every day for 100. For my fourth time doing this challenge, every day, I offer a book recommendation. In this 117th issue of the newsletter, I’m sharing some of what I learned from Rich Habits by Thomas Corley.

The author noticed that some of his clients were struggling financially, while others were flourishing, even when their businesses had the same revenues. When he started asking the right questions, he learned that what you do outside of work impacts your success. Corley crafted 21 questions that he started asking his clients, as well as every business partner or person he knew. What he found he revealed in the pages of his book, Rich Habits. First reflect on the 10 rich habits principles below.

Rich Habit Promises From Rich Habits by Thomas Corley

1. I WILL form good daily habits and follow these good daily habits each and every day.
2. I WILL set goals for each day, for each month, for each year and for the long-term; I WILL focus on my goals each and every day.
3. I WILL engage in self-improvement each and every day.
4. I WILL devote part of each and every day in caring for my health.
5. I WILL devote part of each and every day to forming lifelong relationships.
6. I WILL live each and every day in a state of moderation.
7. I WILL accomplish my daily tasks each and every day; I will adopt a “DO IT NOW” mindset.
8. I WILL engage in rich thinking each and every day.
9. I WILL save ten percent of my gross income every paycheck.
10. I WILL control my thoughts and emotions each and every day.

How many good habits can you honestly say you engage in every day?

The Book Rich Habits by Thomas Corley
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Rich Habits by Thomas Corley discusses the different habits of the rich and the poor. It states that the rich are not born that way, but they have developed habits over time that have helped them become successful. The poor, on the other hand, have developed habits that have kept them in poverty. This book is important because it provides insight into how to change your life for the better by developing habits that will help you achieve success.

A rich habit is anything that contributes to your wealth. No matter what it is, if it contributes to your overall wealth, it’s a rich habit. And developing these habits early on is crucial; the sooner you start implementing them into your life, the more successful you’ll be down the road. The wealthy are not born wealthy; they become wealthy by implementing certain habits that produce income. Lifestyle choices play a significant role in this.

The wealthy do not want to waste their time and money on things that don’t serve them. They want to be successful in life and work towards a goal.

What You Need to Know About Habits
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There are two types of rich habits: productive and unproductive. Investments in personal growth, exercise, and practicing a skill are examples of productive habits. People who have unproductive habits watch too much television, eat unhealthy food, and spend money unnecessarily.

It’s important to be aware of both types of habits because they have the potential to impact your life in very different ways. Productive habits can help you achieve your goals and become successful, while unproductive habits can hold you back from reaching your full potential.

To develop productive habits, you need to be intentional about them. You can start by identifying the areas of your life where you want to see change and then setting goals that will help you move closer to those changes. Making a commitment to yourself is essential to holding yourself accountable.

If you want to improve your reading skills, and read more books in less time, consider investing in the 7 Day Makeover Challenge.
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​7 Day Reading Makeover Challenge
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I want the 7-Day Makeover Challenge

Until Next Week,

Avil Beckford, Founder, The Invisible Mentor!

​theinvisiblementor.com

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