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Next Gen Econ > Debt > Poverty Habits
Debt

Poverty Habits

NGEC By NGEC Last updated: February 18, 2026 3 Min Read
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Poor Habits are self-sabotaging daily behaviors that perpetuate poverty, poor health, and stagnation.

Rich Habits are success-oriented practices that build wealth, good health and fulfillment.
Examples of Poor Habits
  • Spending 100% of What You Earn
  • Envy & Jealousy
  • Anger & Resentment of the Rich
  • Bad Eating Habits
  • Drinking in Excess
  • Supersizing Your Life When You Come Into Money
  • Lifestyle Creep – Increasing your standard of living/cost of living incrementally, as your income increases
  • Victim Mindset
  • Funding Your Lifestyle With Debt
  • Financial Illiteracy
  • Reading For Entertainment and Not For Leaning
  • Watching/Streaming More Than 1 Hour of TV a Day
  • Spending More Than 1 Hour a Day on Social Media Entertainment
  • Negative Thinking
  • Lack of Goals and Dreams
  • Gossiping
  • Not Exercising Daily
  • Gambling Frequently
  • Relaying on One Source of Income
  • Believing Fate or Luck Determines Your Financial Circumstances in Life
  • Emotional or Impulsive Spending
  • Not Pursuing Daily Self-Improvement
  • Lazy Work Ethic

Examples of Rich Habits

  • Hard Work Ethic
  • No Fear of Failure – High Risk Tolerance
  • Frugality
  • Smart Spending Habits
  • Daily Self Improvement
  • Reading to Lear 30 Minutes or More Every Day
  • Eating Healthy, Nutritious Food
  • Exercising 30 Minutes or More At Least 4 Days a Week
  • Forging Strong Relationships With Influencers/Power Brokers
  • Pursuit of Dreams and Goals
  • Saving 10% or More of Your Net Income
  • Creating Multiple Streams of Income
  • Limiting TV/Streaming/Social Media to Less Than 1 Hour a Day
  • Expressing Gratitude Daily
  • Maintaining a Positive Mental Outlook
  • Seeking Mentors in Your Field/Industry/Company
  • Self-Awareness of Your Daily Habits

These are some examples. You can find all of the Rich Habits and Poor Habits in my newly release book – Rich Habits, 2nd Edition.

Tom Corley is an accountant, financial planner and author of “Rich Kids: How to Raise Our Children to Be Happy and Successful in Life”, “Effort-Less Wealth”, “Change Your Habits Change Your Life”, “Rich Habits Poor Habits”, “Rich Habits: The Routines Millionaires Use Daily to Build Wealth” and “Rich Habits Wealth Academy.”

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