A woman who studied 600 millionaires found 5 major differences in how the superrich spend their time. Here's what that looks like.
- Wealthy people occupy their minds and time differently than the average American, according to one researcher who studied more than 600 millionaires.
- Millionaires and billionaires typically read, exercise, and work more, but spend less time on social media and fewer hours sleeping.
- From Tim Cook to Bill Gates, the habits of well-known rich people align with these findings.
Millionaires aren't your everyday people — to reach their seven-figure status, they occupy their minds and time a little differently.
According to research conducted by Sarah Stanley Fallaw, the director of research for the Affluent Market Institute and author of the book "The Next Millionaire Next Door: Enduring Strategies for Building Wealth," in which she surveyed more than 600 millionaires in America, a person's daily activities can influence how much wealth they build.
"Focusing on goals is related to building wealth, regardless of age and income," she wrote. "The decisions we make, particularly related to the allocation of our time, energy, and money, impact our ability to become financially independent."
Specifically, she found that millionaires spend their time differently when it comes to reading, exercising, perusing social media, sleeping, and working.
Even the habits of America's well-known millionaires — and billionaires — align with Stanley Fallaw's findings.
Below, see how the superrich spend their time.
Sarah Stanley Fallaw, director of research for the Affluent Market Institute, studied more than 600 millionaires for her book, "The Next Millionaire Next Door: Enduring Strategies for Building Wealth."
She found that how millionaires occupy their minds and time can influence how much wealth they build.
Source: "The Next Millionaire Next Door"
"Successful individuals are keenly aware of how they spend their resources, including their emotional and cognitive resources," Stanley Fallaw wrote.
Source: "The Next Millionaire Next Door"
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