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Series: Habits of the Wealthy and how I implement them into my Life (2)

Habits of the Wealthy and how I implement them into my Life (2)

As an ongoing focus in my life, and a goal for this year, I am striving to build not only financial wealth, but a more professional, positive and productive mindset. One way to change what we receive is to do something different. This habit is about how we spend our downtime.

I don’t want to title this “Don’t watch TV” because I do not feel it’s that simple. Let's call it "Building on learning". 

www.Businessinsider.com wrote an article entitled 9 things rich people do and don’t do every day. Here are some stats they share on the use of time:

They don't watch TV.
"I watch TV one hour or less per day."
Rich people who agree: 67%
Poor people who agree: 23%

They read … but not for fun.
"I love reading."
Rich people who agree: 86%
Poor people who agree: 26%

Plus, they're big into audio books.
"I listen to audio books during the commute to work."
Rich people who agree: 63%
Poor people who agree: 5%

Different stats say that the average person reads between 1 and 5 books a year. Wealthy people read an average of 30 minutes a day or more on self-improvement, and choose to listen to books during commutes and other times.

From DaveRamsey: President Harry Truman once said, “Not all readers are leaders, but all leaders are readers.” In The Millionaire Next Door, Stanley says that the average millionaire reads one nonfiction book per month.

How I implement this into my life:

I love to read. (Nerd moment: all reading is played out in my head like a movie. Just like a movie, I cannot stop it part way. This is part of why reading is hard for me to do in pieces – I want to read it all the way!)

While I was growing up, we had one television in the house. It was a 13” analog television, no remote, two dials and thirteen stations. One station was just fuzz, two were French, and the rest were a basic variety. There were four of us in the house. While the demand on the television was not as bad as some houses, sitting on the floor and watching tv from a few feet away was not as comfortable as being in my room, on my bed, with a book or three, and not having to watch She-Ra because my sister’s turn to pick had come up. In fact, this tv was probably the reason we both were raised as readers. Neither of us prefer television as a means to pass time.

Today, I do not pay for cable television. I do not have a sports package, or the HBO channels. I watch what I want on Netflix, and avoid the commercials of the newest and greatest inventions that I must buy. I try to limit my Netflix binges, and turn it off after a few episodes. I read, listen to books, play puzzle games and have conversations. I rest, reflect, and schedule my week. I load up my audio books for the drive to and from work, and I read other people’s blogs about the topics that interest me.

While I cannot brag about reading tens of books in 2017, I have already added to my 2018 list. I have a page linked at the top of my blog called MY FINANCIALTOOLBOX and I try to list all recommended reading, whether I’ve described it in a post, or just enjoyed it. Please take a look.

I turn off the radio on my way to and from work, and listen to an audio book. I listen to audio books and podcasts during my morning routine getting ready for work. I even play something while I shower, and some of my best ideas are born during shower times. I fold laundry or cook dinner while listening, and in bed, I will reach for a paperback to wind down for the day.  Watching another episode about a bankrupt family living in a hotel is not a great use of my time after the first hour, so it’s time to turn it off.


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What are your recommendations? How do you add to your learning schedule?


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