Rich is a term many people associate with having a lot of money. Although many of the people we coach would be considered wealthy in that regard, most are rich in the types of things anyone can obtain, regardless of the size of their bank account because of their habits. Rich, to truly successful leaders, is about having purpose. That feeling that you get when you know exactly what you are supposed to be doing and who you are supposed to be doing it for. Rich is waking up and knowing that the relationships you’ve built in your life and in your business are meaningful to you and provide joy and prosperity in more ways than what a spreadsheet can calculate.
So what do the richest, most successful and affluent among us do that is different. Simply put, it has far less to do with luck and much more to do with specific habits that have been observed and measured by researchers.
Let’s do a mash-up of one of the most read articles of all time published on Hbr.org (Harvard Business Review), 9 Things Successful People Do Differently, which was based on decades of research reported by Heidi Grant Halvorson on achievement and the findings of Thomas Corley in his book Rich Habits: The Daily Success Habits of Wealthy Individuals.
Based on those and other sources of information and what we have found through our own research in Cortex leadership programs it would seem that 3 of the habits to first focus on are:
- Manage your time and energy around the highest level outcome you can measure. Every stick of research we could find boiled down to the fact that people who set stretch goals or high level desired outcome are much more likely to reach them. To do this all you need is to create the goal and then ask yourself why do you want it? If you want more money, why? Do you want freedom, influence, security? Do you want a house? Why? Do you want a place where your kids can connect with other children and feel safe and secure? If you want a bigger business, why? Do you want to help more people in some way like giving them a life you weren’t able to achieve until recently? Pick what you want and why you want it and then set measurable goals to get there. Write them down! Measure your progress regularly. Let others know what you want to achieve so they can help you get there.
- Have grit. If you’ve done number 1 properly then when things get tough you can answer the question, “Why must I suffer?” on days when reaching your outcome seems almost impossible. Successful people have grit. They dig deep and persevere during insurmountable challenges.
- Listen to the right people and appreciate their contributions. Successful people tend to hang around successful people. That is not by accident. It is quite intentional on their part. They simply don’t waste time on people that spend their days in the dreaded drama triangle. Choosing people to spend your time with that are smart, dedicated to their purpose, have high integrity, and challenge you in all the right ways, is key. Consistently appreciating them for how they contribute to your success is vital to maintaining strong relationships with them.
Here’s the complete information from the sources listed above that might be helpful as well.
9 Things Successful People do found that they:
Get specific, seize the moment to act on their goals, know exactly how far they have left to go (they measure their progress), are realistic, yet optimistic, focus on getting better, rather than being good, have grit, build their willpower power muscle and don’t tempt fate.
Rich Habits: The Daily Success Habits of Wealthy Individuals found that they:
Live within their means, don’t gamble, read every day, watch less than 1 hour of recreational TV or internet surfing a day, control their emotions, network and volunteer regularly, go above and beyond in work and business, pursue at least one major goal, avoid procrastination, talk less and listen more, avoid toxic people, exhibit focus, persistence and patience, set aside self-limiting beliefs that may hold them back, get and use a mentor, eliminate “bad luck” as a cause of any “failure”, know their main purpose.
STATISTICS about wealthy people reveal:
88% read 30 minutes or more a day.
63% listen to audiobooks on their commute, 79% read educational career-related material, 55% read for personal development, 58% read biographies of successful people, 94% read current events, 51% read about history and only 11% read purely for entertainment purposes.
- 80% are focused on accomplishing some single goal.
- 76% exercise aerobically 4 days per week.
- 81% maintain a to-do list.
- 6% say what’s on their mind.
- 44% wake up 3 hours before work starts.
- 84% believe good habits create opportunity luck.
- 86% believe in life-long educational self-development.
TEAM EXERCISE FOR THIS WEEK:
At an upcoming team meeting, ask yourself and each member this question.
What’s one thing you can do differently, starting this week, to create a richer outcome for yourself, for your team, and for your organization? Choose on one of the habits, out of the lists above, to focus on for the next 30 days.
Ask each team member how they want to be held accountable for that new action or habit?
You are strong, capable and gorgeous! Set your mind to the change you want to make and keep your head down until you create it. You wouldn’t even be reading this if you didn’t already have everything you need to be wildly successful. Execute on what you know to be common sense. Make it common practice this week.
By: Lynda McNutt Foster, CEO
Cortex Leadership Consulting
FEATURED LEADER THIS WEEK: Betsy Head, Co-Owner of Home Instead Senior Care in Roanoke, Lynchburg and Smith Mountain Lake sat down with Becky Freemal in a full-length podcast to discuss how to accelerate your success.
Last week’s Virginia at Work Segment on Preparing for a Job Interview:
On last week’s Virginia at Work series we had Coy Renick as our guest. Here’s the segments if you missed them. Coy announced 75 jobs he is trying to fill right now! We’ll be recording podcasts about the topics of preparing for a job interview and habits of successful people this Tuesday at the CoLab in Roanoke. Those should be posted by the end of the week on the www.virginiafirst.com website and the Cortex Leadership Youtube channel.