You know what you’ll probably find on a successful (read: rich) person’s nightstand?
But not just any books, according to Tom Corley, the author of “Rich Habits: The Daily Success Habits Of Wealthy Individuals.” His research finds that rich and poor people alike are cracking their fair share of spines, but the key difference is that less financially successful people read for entertainment, while rich people read for self-improvement.
Note that Corley defines “rich people” as having an annual income of $160,000 or more and a liquid net worth of $3.2 million-plus, and “poor people” as those having an annual income of $35,000 or less and a liquid net worth of $5,000 or less.
Here’s how the numbers break down:
- 11% of rich people read for entertainment, compared to 79% of poor
- 85% of rich people read two or more education, career-related, or self-improvement books per month, compared to 15% of poor
- 94% of rich people read news publications including newspapers and blogs, compared to 11% of poor people
Daniel R. Murphy
Educating people for building wealth, adapting to a changing future and personal development.