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The Reading Habits of Ultra-Successful People

June 10, 2021 by Anne Bachrach

If you want to be even more successful, here is one habit of ultra-successful people you can replicate.
Want to know one habit ultra-successful people have in common?
They read. A lot.
In fact, when Warren Buffett was once asked about the key to success, he pointed to a stack of nearby books and said, “Read 500 pages like this every day. That’s how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will do it.”
Buffett takes this habit to the extreme — he read between 600 and 1000 pages per day when he was beginning his investing career, and still devotes about 80 percent of each day to reading.
And he’s not alone. Here are just a few top business leaders and entrepreneurs who make reading a major part of their daily lifestyle:

  • Bill Gates reads about 50 books per year, which breaks down to 1 per week
  • Mark Cuban reads more than 3 hours every day
  • Elon Musk is an avid reader and when asked how he learned to build rockets, he said “I read books.”
  • Mark Zuckerberg resolved to read a book every 2 weeks throughout 2015
  • Oprah Winfrey selects one of her favorite books every month for her Book Club members to read and discuss

And these aren’t just isolated examples. A study of 1,200 wealthy people found that they all have reading as a pastime in common.
But successful people don’t just read anything. They are highly selective about what they read, opting to be educated over being entertained. They believe that books are a gateway to learning and knowledge.
In fact, there is a notable difference between the reading habits of the wealthy and the not-so-wealthy. According to Tom Corley, author of Rich Habits: The Daily Success Habits of Wealthy Individuals, rich people (annual income of $160,000 or more and a liquid net worth of $3.2 million-plus) read for self-improvement, education, and success. Whereas poor people (annual income of $35,000 or less and a liquid net worth of $5,000 or less) read primarily to be entertained.
Successful people tend to choose educational books and publications over novels, tabloids, and magazines. And in particular they obsess over biographies and autobiographies of other successful people for guidance and inspiration.
There are many examples of successful people dropping out of school or foregoing a formal education, but it is clear that they never stop learning. And reading is a key part of their success.
If reading as a pathway to success isn’t enough to get you motivated, consider these health benefits of reading: Reading has been shown to help prevent stress, depression, and dementia, while enhancing confidence, empathy, decision-making, and overall life satisfaction.
Happy (and successful) reading!
_______
This article was written by Andrew Merle, who writes about good habits for happiness, health, productivity, and success.
 

Want timely and relevant information to help you make more money and work less, so you can enjoy your ideal business and ideal life?  Subscribe to my business success tips blog by going to https://www.accountabilitycoach.com/blog/. Feel free to share this with others who you think would get value.  Let me know how else I can be of assistance to you on your goal achievement journey.

Filed Under: Blog Post, Business Success Principle, Choices, Effective and Efficient Behavior, High Pay-off Activities, Productivity Tagged With: Accountability, accountability coach, achieve goals, Andrew Merle, anne bachrach, Bill Bachrach, Bill Gates, business accelerator, business growth strategies, business owner training, business success principles, effective communication, Elon Musk, enhance, entrepreneurial mindset, entrepreneurial tips, financial advisor accountability coach, financial advisor coaching, Financial Advisor Training, goal achievement, Goal Setting, goal setting exercises, goal setting tips, mark cuban, Mark Zuckerberg, Oprah Winfrey, personal development, practice management, Productivity in business, professional development, revenue generation, small business owner mindset, small business owner tips, small business training, stop procrastination, time management, ultra-successful, work life balance

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I’ve sometimes thought of myself as not coachable – fits & starts on progress – but when I looked at where I’ve come, I can tell it works. This year, I’ve experienced over 50% growth – and with that growth came some confidence… confidence to finally go after what I know I should have done – we’ve added a flat-fee-only option to our offerings, and that’s ALL I’ll be targeting for 2014 and beyond. With that under our belts, I can foresee another 50% growth year for each of the next 2 years!

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