{"id":60991,"date":"2025-08-13T10:00:18","date_gmt":"2025-08-13T00:00:18","guid":{"rendered":"http:\/\/propertyupdate.com.au\/?p=60991"},"modified":"2025-08-13T16:07:10","modified_gmt":"2025-08-13T06:07:10","slug":"10-lessons-can-learn-rich-successful","status":"publish","type":"post","link":"https:\/\/propertyupdate.com.au\/10-lessons-can-learn-rich-successful\/","title":{"rendered":"10 lessons you can learn from the rich and successful"},"content":{"rendered":"

Have you ever looked at the AFR Rich List or reports on the richest people in the world and wondered what they were doing that you're not?
\n<\/strong><\/p>\n

Well...they're probably doing things very differently from you according to my good friend and best-selling author Tom Corley<\/a> who conducted a\u00a0five-year study of 233 wealthy people and 128 people living in poverty and then wrote the book Rich Habits.<\/p>\n

Now Corley wasn\u2019t specifically studying investors, but if you accept that the way you do one thing is the way you do everything you\u2019ll agree that these success principles will also help you rise to the top of the pack amongst property investors.<\/p>\n

Here are what Corley identifies as the top 10 lessons you should learn from the affluent.<\/p>\n

\"Chatgpt<\/p>\n

1. They are self-educators<\/span><\/h2>\n

Corley said that rich people were often self-educators.<\/p>\n

This means that most of them read to learn.<\/p>\n

They read material that helped their dreams and goals on a day-to-day basis.<\/p>\n

Many of these people also wrote down what they learned and implemented their new knowledge in their daily lives.<\/p>\n

2. They apply the 80-20 Rule<\/span><\/h2>\n

Wealthy people tend to follow an 80:20 rule when it comes to money.<\/p>\n

That means that they saved a lot of the money that they earned instead of wasting it away.<\/p>\n

Corley says there are 3 ways to accumulate wealth: save 20% of what you earn, expand your means of income, or both.<\/p>\n

The third way is the fastest way a person can become rich<\/a>.<\/p>\n

3. They chase their dreams<\/span><\/h2>\n

About 80% of wealthy people were obsessed with their dreams.<\/p>\n

Corley noted that 55% spent a year or more pursuing just one goal.<\/p>\n

80% of the wealthy are focused on accomplishing a single goal.<\/p>\n

Only 12% of the poor do this.<\/p>\n

4. They befriend successful people<\/span><\/h2>\n

Wealthy people associate with other successful people because they know this is the key to expanding their networks.<\/p>\n

This is the reason why wealthy people volunteer in organisations and groups where other successful people are also involved in.<\/p>\n

Successful people also make a point to minimise contact with those they see as unsuccessful.<\/p>\n

Those who are not rich but are yearning for success should expand their networks and forge new relationships for opportunities.<\/p>\n

5. They don\u2019t quit<\/span><\/h2>\n

3 traits were identified in every wealthy person who was pursuing a long-term goal. These traits were focus, persistence and patience.<\/p>\n

Corley also found that these traits caused wealthy people to sacrifice everything for their goals \u2013 they never give up.<\/p>\n

6. They do what they love<\/span><\/h2>\n

According to Corley, 85% of the wealthy loved what they did for a living. \r\n\r\n

<\/div><\/p>\n

If they were unhappy, they would find something they were passionate about, change careers or pursue them as hobbies for a start.<\/p>\n

7.\u00a0 Be open-minded<\/span><\/h2>\n

As they are already yearning to learn more every day, successful people are open-minded and welcome new ideas, possibilities and ways of thinking.<\/p>\n

Their thoughts evolve over time, allowing them to stand out from non-wealthy people.<\/p>\n

8. They\u2019re good listeners<\/span><\/h2>\n

Wealthy people tend to be good listeners too.<\/p>\n

They listen more than they talk and because of that, they learn more about the people around them.<\/p>\n

9. They don\u2019t waste time<\/span><\/h2>\n

Corley found in his study that 67% of the wealthy watch less than one hour of TV every day.<\/p>\n

They spend their free time reading, networking, and volunteering instead.<\/p>\n

10.\u00a0 They are creative thinkers<\/span><\/h2>\n

Most wealthy people believe in creative thinking.<\/p>\n

Creativity allows rich people to create services and products that add value to society, hence reaping monetary reports for themselves<\/p>\n

There you have it\u2026do what successful people do and you\u2019re also likely to become successful and if you don\u2019t \u2013 you won\u2019t.<\/p>\n\r\n\r\n

<\/div>\r\n
<\/div>\n","protected":false},"excerpt":{"rendered":"

Have you ever looked at the AFR Rich List or reports on the richest people in the world and wondered what they were doing that you’re not? Well…they’re probably doing things very differently from you according to my good friend and best-selling author Tom Corley who conducted a\u00a0five-year study of 233 wealthy people and 128…<\/p>\n","protected":false},"author":3,"featured_media":189786,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[54,1075],"tags":[331],"class_list":["post-60991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-property-updates","category-michael-yardney-property-investment-expert","tag-success"],"acf":[],"yoast_head":"\n10 lessons you can learn from the rich and successful<\/title>\n<meta name=\"description\" content=\"Tom Corley identifies as the top 10 lessons you should learn from the 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