They spend less time watching TV
According to Tom Corley, 2/3 of rich people watch less than an hour a day of TV per day. Instead of ending your day by binge-watching Netflix, limit your screen-time and cultivate other end-of-day habits instead – like reading, having a cup of tea or spending time with your family.
In fact, many billionaires often engage in activities such as golf, tennis, skiing, sailing, and other sports, as well as philanthropic work, travel, and entertainment. While their lifestyles may be different from the average person, billionaires are still human beings who enjoy having fun and experiencing new things.
Times have changed and social media is now a very useful tool for businesses. Sites like Twitter and Facebook now have a strong business presence. Wealthy individuals are recognizing the importance of using social media. Recent polls have shown the wealthy to use social media more than the average Americans.
On the flip side, millionaires spend significantly less of their time on "passive leisure," which includes watching TV, napping/resting, relaxing, and doing nothing. Millionaires spend 16 minutes less time watching TV per day than the general population and 16 minutes less time relaxing or doing nothing.
According to him, 67 percent of wealthy people watch less than one hour of television per day versus the 77 percent of poor people who spend more than one hour in front of the TV daily.
Most also found at least some hours (2.1 a day, on average) for downtime, which included everything from watching television and reading for pleasure, to hobbies like photography. The CEO's job is mentally and physically demanding.
A recent Swedish study showed that cognitive test scores of the top 1% of earners were not significantly different to the scores obtained by those who earned slightly less.
Warren Buffett spends five to six hours per day reading five newspapers and 500 pages of corporate reports. Bill Gates reads 50 books per year. Mark Zuckerberg reads at least one book every two weeks. Elon Musk grew up reading two books a day, according to his brother.
American upper class. The American upper class is a social group within the United States consisting of people who have the highest social rank, due to economic wealth, lineage, and typically educational attainment. The American upper class is estimated to be the richest 1% of the population.
Cash and cash equivalents are common places where billionaires keep of some their money. Though not often thought of as an investment, cash is a liquid asset, meaning you can use it in a variety of ways as needs or desires arise. In a crisis, having cash on hand gives you the flexibility to respond.
Reading helps reduce stress and is associated with benefits including higher levels of empathy and emotional intelligence, according to studies published in PLOS ONE and the Journal of Research in Personality. When the billionaire isn't reading, he enjoys playing the ukulele. He's not afraid to share his hobby either.
The proportion of those in the list who grew up poor or had little wealth remained constant at roughly 20 percent throughout the same period. Most individuals on the Forbes 400 list did not inherit the family business but rather made their own fortune.
In 2023, TV consumption in the United States was highest among African Americans, who watched an average of 3.28 hours of TV each day. While the viewing time dropped among white, Black, and Hispanic consumers, Asian Americans' time spent grew from 2021 to 2022 to around two hours per day.
The two studies consistently found that rich people are more conscientious, open to experience, and extraverted than the average population. They are also less agreeable (that is, less likely to shy away from conflict) and less neurotic (as in, more psychologically stable).
Successful people across industries are known for waking up early. They also practice other healthy habits like exercise and meditation. Apple CEO Tim Cook wakes up between 4 and 5 a.m. and starts his day by answering emails.
I tried the 5-hour rule, a strategy used by moguls like Oprah and Bill Gates. I have a tweak to make it even better. The 5-hour rule is about devoting one hour a day, five days a week, to learning something new. Successful people like Oprah, Bill Gates, Warren Buffett, and Elon Musk all allegedly follow it.
According to Pew Research, the typical American reads about four books a year. Compare that to the reading habits of American billionaire Bill Gates. He doesn't simply outpace an average reader, he's on an entirely different level; he powers through an astounding 50 books each year. That's about one book per week.
Mark Cuban is a billionaire and the owner of Dallas Mavericks. He spends about 3 hours reading every day and he attributed his early career success in life to reading. He will read just about anything that has to do with the industry he is in. He wants to learn more about the industry and become great in it.
What Jobs do Most Billionaires Have? There are a few industries that offer the opportunity to become very rich. Perhaps one of the biggest is finance. There is potentially lots of money to be made investing.
The IQ of an average millionaire is 117 The IQ of an average billionaire is 133 The IQ of an average deca-billionaire is 151 This shows - you gotta be intelligent to get rich!
Meet the world's secretive billionaires who give stealth wealth a whole new meaning, from Ike Perlmutter to Philip Anschutz. Stealth wealth is all the rage when it comes to fashion, but for some billionaires, it's a way of life. These mega-rich personalities are notorious for avoiding the public eye.
Nearly two-thirds of successful CEOs say they wake up at 6 a.m. or earlier: 'It's just a matter of establishing routine' Tom Huddleston Jr. You don't have to wake up early to be successful just because someone like Apple CEO Tim Cook is up at 3:45 a.m.
Compared with people who watched TV for less than an hour each day, participants who reported watching four or more hours of TV daily had a 28% higher risk of dementia, a 35% greater risk of depression, and a 16% higher risk of Parkinson's disease.
CEOs spend their time in meetings with stakeholders, management, and other members of the C-suite to oversee operations. They also create the vision and strategies that the organization will follow in order to keep growing. Travel is often a part of the job, too.