Subtitles section Play video
-
- How the rich spend their days that poor people don't know.
-
You see, most people, they have this misconception
-
how the rich spend their days.
-
They believe it's what they see on Instagram.
-
They are on their yachts, they are in their mansions,
-
they are in their private jet doing something,
-
going on vacations.
-
That has not been my experience.
-
That's not how they spend their days.
-
In fact, in the book "The Next Millionaire Next Door,"
-
Sarah Stanley and Thomas Stanley,
-
they've spent years studying 600 millionaires,
-
and they found five differences
-
how the rich actually spend their days.
-
Difference number one, the rich spend their time reading.
-
What Thomas Stanley and Sarah Stanley found
-
is the average millionaire,
-
they spend more than five-and-a-half hours a week
-
just reading books, versus the average American
-
only spends two hours reading, and for some,
-
they don't even read at all.
-
Think about billionaire Mark Cuban.
-
On average, Mark spends three hours a day just reading up
-
on his industries, or the industry he wants to get into,
-
versus most people don't read a whole lot.
-
Comment below how many hours you invest reading
-
every single week.
-
Difference number two, the rich spend their time exercising.
-
I think most people, they underestimate what it takes
-
to build a company or to create wealth.
-
It takes a lot of energy and stamina and endurance
-
to be able to persist, to keep going, to keep going,
-
and to keep going, and also to deal with the stress
-
and the hassle that comes with wealth.
-
There are hassles that come with wealth.
-
How do you manage your money,
-
and how do you grow your company?
-
How do you deal with people?
-
How do you defend, and how do you deal
-
with competitions, and on and on?
-
So on average, the rich spend six hours a week exercising
-
versus the average American only spends
-
two-and-a-half hours a week exercising.
-
Difference number three, the rich spend
-
less time on social media.
-
The average American spends 14 hours a week on social media
-
versus millionaires, the rich,
-
they only spend two-and-a-half hours a week on social media.
-
In fact, a lot of them are not on social media.
-
Unless you're in the digital marketing business,
-
you're running let's say a digital marketing agency,
-
then yes, you probably want to spend more time
-
on social media because it's related to your career
-
or your business, but the rich, they leverage
-
and use social media for profits, not for pleasure.
-
They actually don't spend a lot of personal time
-
on social media.
-
So how much time are you spending on social media,
-
and what do you have to do to manage that time better
-
and invest that time more wisely
-
in high income producing activities?
-
Difference number four, and this may not be what you think.
-
The rich sleep less than the average American.
-
In fact, the rich, they sleep eight hours less a week
-
than the average American.
-
Elon Musk sleeps six hours a day.
-
Tom Ford, think about it.
-
Tom Ford, who I buy most of my suits from, sleeps
-
only three hours a day.
-
Martha Stewart, four hours a day.
-
They don't sleep as much as you think.
-
Why?
-
Because they have a lot of responsibilities,
-
and they have a lot of things to do.
-
Difference number five, the rich work longer hours
-
than you think.
-
In fact, the rich on average works six hours more a week
-
than the average American.
-
They work long hours.
-
Just because they're successful,
-
you might think they are taking it easy.
-
That's not the case at all.
-
It is difficult to be successful.
-
It is even more difficult to stay successful.
-
So not only they are sleeping less, they are working more.
-
And this is why most people, they want to be successful,
-
they don't want to pay the price.
-
Just like the definition of overnight success, meaning
-
you spend decades working in the shadow.
-
No one knows who you are, no one gives a crap
-
about who you are, with nothing to show for it,
-
until someday, hey, you are an overnight success.
-
So those are the five major differences
-
how the rich spend their days.