Here's how habits can make you rich, according to an author who studies millionaires.
According to a Columbia University study by lead investigator Renee Goodwin, cigarette smokers are seven times more likely to smoke pot than non-smokers. Why? A little-known phenomenon known as the transfer effect is to blame.
The"rich habit" of aerobic exercise, for example, is a good"keystone habit." The Indiana researchers found in their study that those who exercised aerobically, by virtue of the transfer effect, also forged the habit of eating healthier food. This had the effect of improving overall health of the exercisers in their study.
The"poor habit" of spending more than you earn, on the other hand, can lead to other"poor habits," such as overusing credit cards or borrowing money from banks, family and friends. The stress associated with struggling to pay your bills can also lead to other"poor habits" like eating unhealthy comfort food, drinking alcohol or taking drugs to relieve the stress.
This is why it is so important to forge good habits: Good habits lead to more good habits. It's also why it is so important to eliminate bad habits: Bad habits lead to more bad habits.
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