If you never thought that you could become a millionaire by working for someone else, think again. Tom Corley, the author of “Rich Habits,” explains what executives do to set themselves apart.
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Following is a transcript of the video:
Tom Corley: There are really three groups of millionaires.
Hi, this is Tom Corley. I’m the author of “Rich Habits.”
Tom Corley studied 233 millionaires over five years.
There are the savers. This is the group that takes the longest — 32 years.
There are the entrepreneurs. This is the group that takes the least amount of time and accumulates the most wealth.
And then there is the — what I call the executives.
The executives are individuals who work for big companies. And they participate in their stock compensation, usually publicly held companies. They get bonuses and stock compensation. These individuals figure out how to make themselves “unfireable.”
And what I mean by “unfireable” is, they do certain things that set themselves apart from everybody else. They become experts in a particular industry. They develop a particular niche either inside the company that they work for or within the industry. They’re constantly obsessed with self-improvement and learning everything about their company that they possibly can.
And they do certain other things, such as “Hello calls.” These are calls that they make just to say hello to people. To build and forge powerful relationships.
They make “happy birthday” calls. They make life-event calls. These are calls when someone who’s in the hospital because they’re sick, has a baby, gets married. So they’re doing these kinds of things.
They’re also developing power relationships with influencers. These could be influencers within their company but they could also be influencers within their industry. Many of the self-made millionaires in my book joined trade groups and became industry experts this way.
Thomas Corley is the author of “Rich Habits: The Daily Success Habits of Wealthy Individuals” and “Rich Kids: How To Raise Our Kids To Be Happy And Successful In Life.”
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