I was led to this site to peruse this list in order to “improve” my finances.
I would like to take a moment to respond to this list.
1. 70% of wealthy eat less than 300 junk food calories per day. 97% of poor people eat more than 300 junk food calories per day. – That’s because the wealthy don’t live in food deserts and can afford to eat healthier, better meals. They have the luxury of enough money and space to buy in bulk and store the better quality food, and usually someone else to prepare it for them. When they eat out, they don’t hope they can afford the dollar menu and get the largest quantity of food for that dollar, they dine at $$$ restaurants. 23% of wealthy gamble. 52% of poor people gamble. When they don’t make much money, all they have left or hopes and dreams. and enough people win the lottery to keep that hope, however tenuous, alive. The rich don’t need the fantasy as much.
2. 80% of wealthy are focused on accomplishing some single goal. Only 12% of the poor do this. How do they measure this? Almost all the people I know, and they are all below the median income, are focused on staying alive. It’s a pretty consuming goal.
3. 76% of wealthy exercise aerobically four days a week. 23% of poor do this. That’s because the poor don’t inhabit gyms where such exercise is measured. They are walking the streets, pounding pavement, looking for work, doing manual labor if they can get it – all while eating what food they can get – cheap, filling junk foods that don’t give them the right kind of calories they need to make wiser decisions.
4. 63% of wealthy listen to audio books during commute to work vs. 5% of poor people. That’s probably because most poor people can’t afford the equipment to listen to audio books or have hearing issues that make listening to audio books difficult, or don’t have safe, comfy commutes, and need to remain alert to potential dangers. Kind of hard to pay attention to an audio book when you’re concerned you might be mugged for what little you have.
5. 81% of wealthy maintain a to-do list vs. 19% of poor. Again, how do they know this? Many poor people keep such lists in their heads because they don’t have the luxury of being able to sit somewhere quiet and make the lists, or somewhere safe to keep the lists. When your list consists of “Stay alive” pretty much everything else has to struggle to make it onto the list.
6. 63% of wealthy parents make their children read two or more non-fiction books a month vs. 3% of poor. Again, how do they know this for a fact? Also, poor people read less than the wealthy because they lack time. Much of their leisurely reading time is spent trying to earn enough to stay alive.
7. 70% of wealthy parents make their children volunteer 10 hours or more a month vs. 3% of poor. That’s because the poor people are sending their children out to earn money, volunteering is a luxury many can’t afford.
8. 80% of wealthy make Happy Birthday calls vs. 11% of poor. That’s because the poor people say their Happy Birthdays in person, or would rather just skip it because they can’t afford to help their friends celebrate.
9. 67% of wealthy write down their goals vs. 17% of poor. Why bother writing down your goal when it contains one item – Survive?
10. 88% of wealthy read 30 minutes or more each day for education or career reasons vs. 2% of poor. Again, poor people don’t have the luxury of having the time to read. And really, what books are written for poverty careers – Better Waitressing? The Janitors Guide to Cleaners? How to Smile in Retail Sales?
11. 6% of wealthy say what’s on their mind vs. 69% of poor. If poor people said what was on their mind, they’d lose their job – fired by those outspoken wealthy people.
12. 79% of wealthy network five hours or more each month vs. 16% of poor. I suppose it depends on their definition of “network”. Poor people don’t have business cards printed up to pass around, don’t attend fundraisers or social events where networking as the wealthy define it occurs – they can’t afford that sort of networking. Nope, poor people network through word of mouth as they pass one another while busing tables, filing reports, scrubbing toilets, making beds, mopping floors, draining oil, loading up lawn mowers, in the quiet moments between ringing customer purchases up on the register.
13. 67% of wealthy watch one hour or less of TV every day vs. 23% of poor. Having the TV on doesn’t necessarily mean you’re watching it.
14. 6% of wealthy watch reality TV vs. 78% of poor. again, having the TV on doesn’t mean they are actually watching it.
15. 44% of wealthy wake up three hours before work starts vs. 3% of poor. Of course, the wealthy don’t arrive at work before 9:00 am. Many poor people are at work around 7:00 am and will work as late or later than the wealthy. Definitely later if they then go to a second job.
16. 74% of wealthy teach good daily success habits to their children vs. 1% of poor. Time is one big factor here. The other factor here is education. The poor can’t teach what they haven’t been taught and haven’t learned.
17. 84% of wealthy believe good habits create opportunity luck vs. 4% of poor. Poor people know it’s more who you know than what you know that creates opportunities and luck.
18. 76% of wealthy believe bad habits create detrimental luck vs. 9% of poor. The poor know that it doesn’t matter what they do, it’s who they don’t know that creates their bad luck.
19. 86% of wealthy believe in lifelong educational self-improvement vs. 5% of poor. The poor believe this, too, they just can’t afford to indulge in it.
20. 86% of wealthy love to read vs. 26% of poor. Again, how do they know? the poor people don’t have as much opportunity to learn to love reading as the wealthy do.
Every item on this list screams “privilege”, and it’s all privilege that the wealthy automatically have because money bought them the time to indulge in them, bought them the education, bought them the resources.
So, no, this was not helpful for poverty finances at all.