10 Things Wealthy People Do Every Day (2024)

Money / Wealth

7 min Read

By Jennifer Taylor

10 Things Wealthy People Do Every Day (1)

Money can’t buy everything, but some things can buy money — which the rich know all too well. In fact, most wealthy people have a set of habits and behaviors that they perform every day to stay focused, energized and motivated so they can continue to grow their fortunes.

So if you want to become rich like some of the most successful people in the world, copy their habits. Read on to learn what the wealthiest people do on a daily basis.

1. They Keep Their Cool

If you want to know how to become rich, start by learning to keep your emotions in check.

Certified financial planner and CPA Tom Corley, who interviewed 233 wealthy individuals and 128 poor individuals from March 2004 to March 2007 to write his book “Rich Habits,” believes maintaining one’s composure is what rich people do.

“When you allow your emotions to run high, you are literally turning off half of your brain,” Corley wrote on his Rich Habits blog in November 2016. “The prefrontal cortex shuts down when your emotions, good or bad, are allowed to run wild. This is a particularly bad thing when you experience defeat or setbacks because that is when you need your entire brain to help you to overcome defeat and setbacks.”

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2. They Set (and Stick) to Goals

Figuring out how to become wealthy involves creating a plan and sticking to it.

This advice comes from Idan Shpizear, who parlayed $3,000 into a $27 million business, 911 Restoration, which helps homeowners recover from water damage. He says that focusing on goals makes the difference between survival and success.

“A lot of people jump straight to business but don’t have a vision or strategy and goals,” he said. “If you go through this process every day, your life will change.”

If you’re typically someone who likes to fly by the seat of your pants, it’s time to ditch that habit and take heed from self-made millionaires like Shpizear.

3. They Maintain a Daily To-Do List

In his book “Rich Habits,” Corley stumbled upon another finding: making daily to-do lists is one of the key habits of the wealthy. In fact, his research showed that 81 percent of the wealthy maintain a to-do list versus 19 percent of poor people.

“Successful people are goal-oriented,” Corley wrote. “They create goals all the time. Daily goals are represented in their daily to-do lists.”

If you want to start doing things rich people do, “compile a daily goal/to-do list. List only those things that have a realistic probability — 80 percent chance — of being completed that day,” he advised. “Prioritize this list and set a specific time in which to tackled them.”

When the day is over, “evaluate the to-do list,” wrote Corley. “This forces accountability.”

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4. They Don’t Watch TV

Most wealthy people don’t watch a lot of TV, according to Corley’s findings, which he revealed on his Rich Habits website.

According to him, 67 percent of wealthy people watch less than one hour of television per day versus the 77 percent of poor people who spend more than one hour in front of the TV daily. His findings have also revealed that only 9 percent of the wealthy watch reality shows, compared with 78 percent of poor people.

Clearly, if you want to be able to answer the question “How does it feel to be rich?” you need to limit your daily television time and be cognizant of the shows on your watch list.

5. They Network

Networking is one of the top millionaire secrets to success. On his Rich Habits blog, Corley revealed 79 percent of wealthy individuals network at least five hours per month, compared with only 16 percent of poor people.

To expand your professional network, tap into your existing network first. For example, reach out to your old college classmates or professors, connect with colleagues at your current job, and even ask your friends and family members if they can introduce you to people who might serve as valuable contacts.

Since most wealthy people network regularly, this step is crucial. If you connect with the right people, you’ll be able to learn how rich people think.

6. They Educate Themselves

Knowing how to become a millionaire isn’t innate, even for most wealthy people. Self-made millionaires learn how to get rich from nothing by constantly stimulating their mind.

Whether they’re listening to podcasts, reading business books or watching TED Talks, rich people have a hunger for knowledge, according to Corley. His research showed that 63 percent of wealthy people listen to audio books during their commute to work versus 5 percent of poor people.

If you’re ready to join the ranks of the rich, make learning a priority in your free time. You can find a selection of free audio books on sites such as ThoughtAudio and OpenCulture. Better yet, listen to one of the best investing books for beginners.

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7. They Invest

Investing might sound like a no-brainer. Stocks and bonds are among the things rich people buy because they understand the importance of getting a return on their investments.

The 2017 U.S. Trust Insights on Wealth and Worth survey revealed the average asset allocation of respondents was 52 percent stocks, 21 percent bonds, 20 percent cash, 3 percent hedge funds and 4 percent other.

At this point, your portfolio probably won’t mimic that of the richest man in the world, but making some extra room in your budget to invest today can make a big difference in your net worth tomorrow.

8. They Block Their Time

New York Times best-selling author Brendon Burchard — who’s been photographed next to uber-successful people like Arianna Huffington, Bill Gates, Richard Branson and Tony Robbins — is an advocate of blocking out time for yourself.

“Create scheduled blocks of time where you do only one thing,” he wrote on his website. “Use that block of time to move your life forward, to create art, to strategize, to work diligently on one important activity. If you don’t have blocks of time already set up in today’s calendar to do things that matter, you’re already losing ground.”

This is one of the things rich people do, so apply it to your own life to improve your focus.

Read This: 16 Money Rules Millionaires Swear By

9. They Know When to Call It a Day

In an article for Inc.com, entrepreneur and author Murray Newlands wrote that one of the seven rich habits of successful people is knowing when to stop working.

“Oftentimes, as a self-employed business owner, I’ll fall into that habitual trap of working long into the evening, thinking that I’ll get more work accomplished. And the irony of it is that I seldom do,” he wrote. “Stop working at 5:00 or 6:00 p.m., and do not do anything work-related — which includes checking your phone or emails — until the next day.”

Recharging the mind and body is one of the habits of the wealthy, but it doesn’t need to be expensive — so give yourself a break.

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10. They Stick to a Healthy Diet

When wondering “What do rich people eat?” you might assume they consume mostly steak and expensive red wine, but that isn’t necessarily the case.

Eating healthy is a habit of many self-made millionaires, including Tony Robbins. The entrepreneur, best-selling author, philanthropist and business strategist has been vocal about his diet, which is devoid of caffeine, alcohol, nicotine and recreational drugs, according to Business Insider.

In October 2017, Business Insider spoke with Robbins’ personal trainer Billy Beck III about the diet Beck created for his client. Beck revealed Robbins eats free-range eggs and coconut bread for breakfast, a large green salad with avocado for lunch and clean, organic protein with potatoes and vegetables for dinner.

10 Things Wealthy People Do Every Day (2024)

FAQs

What do billionaires do all day? ›

Most billionaires lead very business days with full schedules meeting with executives, investors, charities, and interviews. They wake up early in the morning and get started before most other people.

What does a millionaire do everyday? ›

How do millionaires spend their day? Millionaires spend their time on the things they know will bring them more income and wealth. That could be nurturing a solid friendship, investing in education, or delegating busy work to spend time on the most revenue-generating tasks.

What do wealthy people do? ›

The wealthy invest in retirement consistently, and they also invest in education. They take care of their health and, more often than not, pay their healthcare bills without incurring medical debt. They also tend to purchase high-quality products and food.

How do millionaires spend their day? ›

Millionaires spend most of their lives sacrificing temporary pleasures for long-term success. These decisions allow them to do things like save for retirement and college, and build up a large down payment for their dream home. They realize that instant gratification is fun—but delayed gratification is so much better.

Who are the 6 trillionaires? ›

These are the only 6 trillionaires who lived on earth from history who reached the pinnacle of wealth.
  • Genghis Khan. 1206–1227. King of Mongol Empire. ...
  • Zhao Xu. 1048–1085. ...
  • Akbar, The Great. 1542–1605. ...
  • Amenhotep III. 1388–1351 BC. ...
  • Augustus Caesar. 63 BC-14 AD. ...
  • King Solomon. 970–931 BCE. ...
  • Mansa Mousa. 1280–1337.
Jun 30, 2021

What are the 3 things millionaires do not do? ›

The 10 things that millionaires typically avoid spending their money on include credit card debt, lottery tickets, expensive cars, impulse purchases, late fees, designer clothes, groceries and household items, luxury housing, entertainment and leisure, and low-interest savings accounts.

What do 90% of millionaires do? ›

90% Of Millionaires Are Made In Real Estate - 100% Of Billionaires Are Made HERE.

What is the 5 1 listening rule? ›

One strategy that came up many times during my interviews was the “5:1 listening rule.” In group settings, for every minute they spoke, the millionaires listened for five minutes. This helped them to strengthen their work relationships and get a number of different perspectives on a given issue.

How can you spot a rich person? ›

Here are eight subtle ways you can tell that someone is a millionaire.
  • They Value Their Time. ...
  • They Don't Talk About Money. ...
  • Their Things Are Customized. ...
  • They Own Multiple Properties. ...
  • They Have an Expensive Hobby. ...
  • They Are Well-Traveled. ...
  • They Can Speak Multiple Languages. ...
  • The Keep a Close Circle.
Aug 11, 2023

How much money is considered wealthy? ›

According to Schwab's 2023 Modern Wealth Survey, Americans perceive an average net worth of $2.2 million as wealthy​​​​. Knight Frank's research indicates that a net worth of $4.4 million is required to be in the top 1% in America, a figure much higher than in countries like Japan, the U.K. and Australia​​.

What are the three rules to be rich? ›

The 3 Rules of Wealth (Money)
  • Spend less than you earn.
  • Invest what you save.
  • Be patient.
Apr 23, 2021

What is a silent millionaire? ›

The people who have all the money often go by unnoticed, dressing well, but without flash, driving used cars and living in the first house they bought in a modest neighbourhood. The authors called them the quiet millionaires. They often work in, or own, unglamourous businesses that spin off steady streams of cash.

What bank do most millionaires use? ›

The Most Popular Banks for Millionaires
  1. JP Morgan Private Bank. “J.P. Morgan Private Bank is known for its investment services, which makes them a great option for those with millionaire status,” Kullberg said. ...
  2. Bank of America Private Bank. ...
  3. Citi Private Bank. ...
  4. Chase Private Client.
Jan 29, 2024

How do the rich use credit cards? ›

If a wealthy American must make a large purchase like a new car or a piece of expensive equipment, they may use their credit card to pay for it and then pay off the balance over time, rather than having to pay for it all upfront. This allows them to have more cash to finance investments or other opportunities.

Do billionaires work all day? ›

There is no fixed number of hours that rich people work in a day, as the work schedule of a person largely depends on their profession and personal preferences. However, it is commonly believed that wealthy individuals tend to work longer hours and have a more demanding work schedule than those with lower incomes.

What is the most common job for billionaires? ›

Finance and investments remains the surest way to get ultra-rich. It's the industry with the highest number of billionaires, 372, including hedge fund and private equity tycoons, bankers, venture capitalists and fintech founders.

What do billionaires do for a living? ›

The billionaires of the world have become wealthy by using and developing resources, and by satisfying needs and wants of a population. Many of them have set up businesses or corporations which employ thousands of people and sell goods or services to millions of people.

What is the most common thing in billionaire? ›

The most common traits among billionaires are work ethic and refusing to give up.

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