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7 bad habits that will keep you from getting rich, according to a man who studied over 200 millionaires

Business Insider Logo By Tanza Loudenback of Business Insider | Slide 1 of 8: 
  
    Thomas C. Corley spent five years studying millionaires
    and gathered his insights in several books, including 
    "Change Your Habits, Change Your Life."
  
  Corley interviewed 233 Americans with at least $160,000 in
  annual gross income and $3.2 million in net assets - 177 of whom
  were 
    self-made millionaires - and 128 Americans with $35,000 or
    less in annual gross income and $5,000 or less in liquid
    assets.
  
  Through these interviews, he was able to identify the daily
  behaviors and habits that contributed to or inhibited a person's
  success.
  
  The habits that worked against building wealth included
  overspending, engaging in negative self-talk, maintaining toxic
  relationships, and unhealthy eating and drinking behaviors.
  
  
    
      Visit
    Business Insider's homepage for more stories.
  

  Habits are daily, often unconscious, behaviors that either
  contribute to or inhibit our success. 

  Thomas C. Corley, a certified public accountant and certified
  financial planner, spent five years studying millionaires and
  gathered his insights in multiple books, including 
  "Change Your Habits, Change Your Life."
  Corley interviewed 233 people with at least $160,000 in annual
  gross income and $3.2 million in net assets, 177 of whom were
  self-made. He also 
  interviewed 128 Americans with $35,000 or less in annual
  gross income and $5,000 or less in liquid assets.

  Through these conversations and further analysis, he was able to
  identify two types of habits: those that helped people build
  wealth ("rich
  habits"), and those that worked against them. The latter
  habits have the power to cause financial, emotional, and mental
  destruction in a person's life, he says. To achieve success, one
  must identify these habits and replace them.

  "Adopting one rich habit has the effect of eliminating many poor
  habits. That's why the rich habits are so powerful. Each one you
  adopt is like a double or triple in baseball," he writes. 

  Below are seven habits that won't lead to wealth, according to
  Corley.

  • Thomas C. Corley spent five years studying millionaires and gathered his insights in several books, including "Change Your Habits, Change Your Life."
  • Corley interviewed 233 Americans with at least $160,000 in annual gross income and $3.2 million in net assets - 177 of whom were self-made millionaires - and 128 Americans with $35,000 or less in annual gross income and $5,000 or less in liquid assets.
  • Through these interviews, he was able to identify the daily behaviors and habits that contributed to or inhibited a person's success.
  • The habits that worked against building wealth included overspending, engaging in negative self-talk, maintaining toxic relationships, and unhealthy eating and drinking behaviors.
  • Visit Business Insider's homepage for more stories.

Habits are daily, often unconscious, behaviors that either contribute to or inhibit our success.

Thomas C. Corley, a certified public accountant and certified financial planner, spent five years studying millionaires and gathered his insights in multiple books, including "Change Your Habits, Change Your Life."

Corley interviewed 233 people with at least $160,000 in annual gross income and $3.2 million in net assets, 177 of whom were self-made. He also interviewed 128 Americans with $35,000 or less in annual gross income and $5,000 or less in liquid assets.

Through these conversations and further analysis, he was able to identify two types of habits: those that helped people build wealth ("rich habits"), and those that worked against them. The latter habits have the power to cause financial, emotional, and mental destruction in a person's life, he says. To achieve success, one must identify these habits and replace them.

"Adopting one rich habit has the effect of eliminating many poor habits. That's why the rich habits are so powerful. Each one you adopt is like a double or triple in baseball," he writes.

Below are seven habits that won't lead to wealth, according to Corley.

(Editor's note: All figures in U.S. dollars unless otherwise indicated. Please check out our Currency Converter  for the latest values.) 

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