What are the daily habits of billionaires?

Posted at 03/18/14 4:45 PM

MANILA, Philippines – The world’s richest and most successful people also get 24 hours a day, but what do they do in those hours that define their success?

ANC’s financial advisor Salve Duplito said the world’s richest man, Microsoft’s Bill Gates, uses most of his hours reading the Wall St. Journal, New York Times and the Economist.

The 58-year-old Gates also reads at least 100 emails per day.

His net worth is estimated at $76 billion, according to Forbes.

Carlos Slim, the second richest man in the world, wakes up early every day to drive himself to work.

The Mexican business magnate also personally makes daily phone calls to his associates.

His net worth is valued at $72 billion.

Zara’s Amancio Ortega, meanwhile, goes to the same coffee shop everyday, wears simple clothes, and eats lunch with his employees in the company canteen.

Like Slim, American billionaire Warren Buffett also drives himself to work everyday, and at 83 years old, he still arrives at his desk like clockwork at 8:30 a.m.

Duplito, citing Thomas Corley’s book Rich Habits: The Daily Success Habits of Wealthy Individuals, said although the wealthy come from widely different backgrounds, studies show that they have common habits that separate them from those living in poverty.

Among these habits are waking up early, reading, and writing down goals.

According to Corley’s study, 44% of the wealthy wakes up 3 hours before work while only 3% of the poor do so.

Reading is also a habit of the wealthy with 86% of them reading reams of information on a daily basis compared to only 26% of the poor.

Most wealthy and successful individuals spend their reading time of at least 30 minutes or more each day for education and career.

Wealthy people are also more goal-oriented, studies show, with 81% of them maintaining a to-do list compared to only 19% of the poor.

Eighty percent of the wealthy and successful are also focused on achieving a single goal compared to 12% of the poor.

Corley’s study also showed that most wealthy people avoid watching reality TV compared to 78% of the poor that do.

Duplito noted that this is an indication that “the huge divide between the haves and the have-nots is not money, but the mindset.”

“Mindset is also the one thing that can help a poor person get out of poverty. If a person knows how not to live poor even when he doesn’t have cash, eventually success and wealth will be well within his reach,” she added.