How to Live as Long as the Rich

I found this article from CBS Moneywatch very interesting. The highlights are as follows.

A recent study released in the U.K. revealed that the gap in life expectancy between the rich and poor is widening. At age 65, men in the highest socio-economic group are living, on average, 3.5 years longer than those in the lowest socio-economic group. Twenty years ago, this difference in life expectancy was just 2.3 years.Similar gaps in life expectancy have been reported in the United States, Canada, and Finland.

The U.K. study attributed the differences in life expectancy to factors completely within an individual’s control, factors that aren’t related to wealth: smoking, obesity and alcohol consumption. Another study that was published in the British Medical Journal study concurred, noting that when differences in smoking are considered, there’s no difference in life expectancy between the rich and poor.

Want to live like the rich? Then stop smoking, control your weight through diet and exercise, and limit your consumption of alcohol. There’s another benefit to making these changes: You’ll save lots of money by following these guidelines. Then invest the savings, and you’ll be richer as well!

I have had two personal observations myself from watching rich and successful people.

1. The rich don’t squander money away. It’s generally the next couple of generations that does that.

2. I’ve hardly ever met an unfit successful person. Most of the ones I’ve met are careful about cash, careful about what they eat, don’t smoke and drink alcohol in moderation. Completely in line with the findings of the study.

One of my big learnings here is that developing discipline seems to be a huge key to success. And I can see why – it’s very very hard! Successful folk do the basic things with apparent ease – Wake up early, exercise, work, eat well, spend time with family, read, have fun and the like. These things don’t come easy, of course. But they are what make them successful, and often rich.

So, you want to get rich? At least you know how.