Jan 27, 2021
During his five years studying the rich and the poor Tom Corley identified 10 hard truths about the wealth gap that no politician or member of the mainstream media would dare reveal.
And as I share them with you today, you’ll probably get a few surprises.
These aren’t just our thoughts.
In his 5year study, Tom asked 361 rich and poor people 144 questions each. That’s 51,984 questions.
From the data he gathered, he was able to identify 344 differences between the way the rich and the poor conducted their lives.
Over one hundred million individuals have read something about my research, which has been cited, quoted, referenced, commended and criticized in 25 countries around the world.
As a result, Tom has made a lot of friends and a lot of enemies.
And he’s about to make some more with this podcast.
His research opened my eyes.
One of the many benefits of having done this research is that he became privy to the inner workings of the lives of the rich and the poor.
For five years he was that fly on the wall.
And this fly has identified 10 hard truths about the wealth gap which we’re going to discuss today in an episode which is part of what I call our summer series where apart from bringing you one new show each week we are replaying 2 previously published shows, and the foundational wealth lessons I’m going to share in today’s show which was originally published a number of years ago will help you take advantage of the new property cycle that is appearing in front of our eyes in 2021
10 Hard Truths About the Wealth Gap
I now know that rich people, particularly the self-made rich, are the good people.
They were raised by good parents, parents who cared and who mentored them to succeed.
Poor people, conversely, were raised by bad parents.
Some were raised in broken homes, some were raised with little to no work ethic, some were raised to be ignorant of finances, some were raised with a poverty mindset, some were raised to disregard their health, some were raised to shun education, some were raised with bad habits, some were raised to believe they should be given free stuff and some were raised to believe the world was aligned against them.
We don’t have a wealth gap in this country.
We have a parent gap.
If, as a society, we truly want to end poverty, we have to first acknowledge the cause of poverty.
Parents cause poverty.
Parents are to blame.
As a great man once said, “the truth shall set you free.”
Links and Resources:
Get your own copy of our international bestseller Rich Habits Poor Habits
Shownotes plus more here: 10 hard truths about the Wealth Gap with Tom Corley – Summer Series
Some of our favourite quotes from the show:
“We know that children develop habits from things they see, things they experience, things they hear, and their mentors as a child are really their parents.” – Michael Yardney
“Bad mentoring from parents is more likely to – but not certainly – going to give you a disadvantage in life.” – Michael Yardney
“It’s probably worthwhile reminding our listeners that we’re all walking around with some good habits, some bad habits, some rich habits, some poor habits, some habits that are empowering us, and some habits and beliefs that are disempowering us.” – Michael Yardney
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