I’m a CPA: 6 Habits That Make Millionaires Rich

I’m a CPA: 6 Habits That Make Millionaires Rich — You Can Learn Them, Too

I’m a CPA: 6 Habits That Make Millionaires Rich — You Can Learn Them, Too

Jacob Wade

Mon, December 22, 2025 at 10:03 PM UTC

4 min read

Tom Corley, certified financial planner (CFP) and author of “Rich Habits: The Routines Millionaires Use Daily That Will Help You Build Wealth,” interviewed 233 millionaires to find out the daily habits that helped them build wealth. In an article in Entrepreneur, Corley laid out six daily habits of millionaires that you can adapt to help you build wealth faster.

We’ll break down six habits that are most effective and how you can implement these habits into your daily life.

Set Clear, Actionable Goals

Clarity is one of the most important factors in building wealth. “80% of self-made millionaires set specific, long-term goals and focused on them daily,” Corley said.

This means writing down what you want to achieve, when you want to achieve it and what actions you need to take on a daily/weekly/monthly basis to get there. Consistent incremental steps beat sporadic big efforts.

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Commit To Continuous Learning

Millionaires don’t know everything and that’s a good thing. “My ‘Rich Habits’ study shows that 88% of millionaires dedicate at least 30 minutes daily to self-education, reading books on personal development or industry trends,” Corley said.

If you want to grow wealth, you have to be humble enough to realize there’s always more to learn. Commit to learning something new daily that can improve your skills, increase your knowledge (in things like business or investing) and give you insights about life.

Live Frugally To Re-Invest

You can’t grow your wealth if you spend everything you earn. Millionaires always live on less than they earn and invest the rest. This could be traditional investing like maxing out a 401(k) or Roth IRA — or it could be investing back into your business if you’re an entrepreneur.

Corley gave some guidelines on how to limit your spending in order to invest. “In order to be able to live frugally, budget no more than 25% of net income on housing, 15% on food, 10% on entertainment and 5% on vacations,” Corley explained.

Build Power Relationships

You’ve heard the saying, “It’s not what you know, it’s who you know.” Corley agreed with this principle, stating that “93% of millionaires with mentors credited them, almost entirely, for their success in life.”

If you want to get ahead financially, you’ll need to network like your wealth depends on it (because it does). Work on being more curious; ask questions, listen actively and take notes when you engage with peers or mentors. Seek out one new connection or mentorship opportunity per quarter. Join interest or professional groups. Surrounding yourself with people who stretch you can be powerful.

Take Calculated Risks

If you want to become wealthy, risk is simply part of the equation. It’s important to take calculated, researched risks in order to jump up to the next level of wealth. “27% of millionaires failed at least once in business but learned from their setbacks,” Corley added.

Taking calculating risks means asking yourself, “What’s the upside, downside and what can I learn from this?” Maybe launch a side project, test a new investment on a small scale or take on a stretch role at work. If it fails, document what you learned and grow from it. The rich view failure as feedback, not defeat.

Prioritize Positivity and Health

A positive mindset and healthy daily habits can propel you toward wealth. “My ‘Rich Habits’ millionaires practiced ‘rich thinking,’ controlling negative emotions and staying optimistic,” Corley said. “Additionally, 76% exercised regularly to maintain energy and focus, enhancing decision-making and resilience.”

Building wealth takes time, sacrifice and your fair share of setbacks. Staying positive and taking care of your body can help. Aim for regular exercise (even if just 20 minutes several times a week), adequate sleep and some time for reflection or gratitude. A positive, resilient mindset helps you bounce back from setbacks, maintain focus and make better decisions.

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