Imagine going from rich to poor overnight. Guest Tom Corley experienced just that at the gentle age of 9 when his family went from being multi-millionaires to broke in literally 24 hours.

Today Tom is a sought after speaker, best-selling author and media contributor. He is also a CPA, CFP and holds a Master’s Degree in Taxation.  For 5 years, Tom observed and documented the daily activities of 233 wealthy people and 128 people living in poverty. He discovered there is an immense difference between the habits of the wealthy and the poor. During his research he identified nearly 300 daily activities that separated the ·haves· from the have nots.

From there he wrote several books and two most prominent are Rich Habits – The Daily Success Habits of Wealthy Individuals and Rich Kids – How to Raise Our Children to be Happy and Successful in Life.

Three takeaways from this interview:

– A money habit that helps Tom and his family keep their expenses low

– Why buying stuff doesn’t make us happy

– The best $100k Tom ever spent

If you’d like to learn more about Tom Corley, visit his website www.richhabits.net and follow him on Twitter @richhabits.

One of my favorite quotes: “What really makes you happy is doing something you love.” (Click to Tweet)