Eating with family almost every day and resting with reading... The '10 Billion Won Wealthy' Was Different

Activities such as paper newspapers, reading, and exercise
Wake up 30 minutes earlier to keep a 'morning routine'
More financial assets correlate with increased reading volume

It was found that wealthy people in Korea start their day by reading newspapers or books or exercising.

[Image source=Pixabay]

On the 25th, Hana Financial Management Research Institute released the "2024 Korea Wealth Report," which revealed that the average sleep duration of wealthy Koreans is 7.3 hours. Compared to the general public, this is about 30 minutes less. The usual bedtime was around 11:30 PM, generally not past midnight. Those who went to bed early woke up early and followed their own "morning routine." This included reading paper newspapers or news, planning their day, and reading books. They also enjoyed exercising or taking walks. Notably, 33% responded that they read the morning newspaper and checked the news, which was much higher than the general public's 18%. Especially, the larger the asset size, the more they reported reading newspapers or news. While the general public enjoyed entertainment, sports, and social news sections, the wealthy focused on the economic section.

The reading habits of the wealthy also showed a clear difference from the general public. The general public read about six books per year, but the wealthy read more than ten books. In particular, wealthy individuals with financial assets exceeding 10 billion KRW read about 20 books, twice as many. The genres were also noticeably different. The general public preferred novels and self-help books, whereas the wealthy avidly read humanities and social sciences that could satisfy their intellectual curiosity. The research institute added, "For the wealthy, reading is both a daily routine and a form of relaxation."

There were also differences between the wealthy and the general public in daily life, especially in family relationships. Seventy percent of the wealthy answered that they were satisfied with their family relationships, while only about 50% of the general public responded positively. The number of times they ate with family during a week also differed. Seven out of ten wealthy people said they ate together "three or more times a week," and 40% responded "almost every day." This contrasted with the general public, where nearly 20% answered "almost never."

The Hana Financial Management Research Institute stated, "We confirmed that the 'life attitude of the wealthy,' who rationally face situations without worrying about others' evaluations, trust themselves, and pursue goals, can build wealth and further increase overall life satisfaction." They added, "If you start by imitating the simple routines of the wealthy one by one, before you know it, you might find yourself in a similar position without even realizing it."