Steven Siebold has interviewed more than 1,200 wealthy individuals, and he has found a pastime that they have in common: They self-educate by reading. While I take aim at rich and successful being used synonymously, it is interesting to note the reading habits of those with a traditional marker of success.
"Walk into a wealthy person's home and one of the first things you'll see is an extensive library of books they've used to educate themselves on how to become more successful," Siebold writes. "The middle class reads novels, tabloids, and entertainment magazines." Rich people would rather be educated than entertained.
Take Warren Buffett, for example, who estimates that 80% of his working day is dedicated to reading.
An interesting fact is that 67% of rich people watch TV for one hour or less per day, while just 23% of poor people keep their TV time under 60 minutes. It has also been found that only 6% of the wealthy watch reality shows, while 78% of the poor do.
This is a case of correlation and not causation, but these habits are interesting nonetheless.