This is the No. 1 habit self-made millionaires share—and it’s also the most overlooked, says money expert
Category: Mental Health and WellnessVia: krishna • 4 years ago • 23 comments
Photo: Getty Images
There are a handful of things that separate the ultra rich from everyone else: research has shown they tend to exercise regularly , maintain a healthy diet , save 10% or more of their income , read books and manage their time wisely .
But the most important — and most overlooked — habit they share that helped them grow their wealth, in large part, is their commitment to forge valuable relationships with individuals they aspire to be: positive, success-minded folks.
You are who you associate yourself with
That’s what I discovered through my “Rich Habits” study, in which I spent five years interviewing and researching the daily activities, habits and traits of 233 wealthy individuals (with at least $160,000 in annual gross income and $3.2 million in net assets) and 128 low-income individuals (with at least $35,000 in annual gross income and $5,000 in liquid assets).
It’s human nature to associate ourselves with like-minded people with whom we feel the most comfortable. The ultra wealthy and successful, however, are a lot more selective when it comes to who they allow into their inner circle.
Nearly all of the self-made millionaires I interviewed said one of their top priorities was cultivating “rich relationships” and avoiding the “toxic” ones.