On the 16th episode of the #LoudounPossible Pod, we played the second half of Loudoun Economic Development Executive Director and podcast host Buddy Rizer’s interview with renowned financial wealth expert Tom Corley.
Corley has made a name for himself through his Rich Habits Institute and a series of best-selling and award-winning books on the habits associated with wealth. He made a name for himself after carefully studying the habits of self-made millionaires, many of them entrepreneurs, to determine what made them successful.
During the COVID-19 health pandemic, most industries have either adjusted to remote work or shut down operations. Either way, most people no longer have a commute, which puts time back in your schedule. Corley was adamant that people use that time wisely.
“No matter what you say, you’ve got more time, so there’s a couple of hours that you’ve got in your day. What are you doing with that time? Are you improving your skillsets? Are you gaining knowledge? Are there things in your business, in your job, in your career, in your industry, that if you knew more about them, you would more valuable either to your employer or your customers and clients?” he asked, rhetorically. “This is an opportunity for you to gain a skillset or improve your knowledge base.
“When you come back and you’re more valuable to your customers and your clients, you’re going to be able to show them more opportunities, more ways that they can make money, more ideas for them to improve their processes. This is a perfect time to grow.”
Corley also gave a positive outlook for the economy and stock market, calling the current health crisis less of an economic crisis and more of a “blip.” He encouraged investors to remain confident in the strength of the market and predicted that the Dow Jones Industrial average would be back around 30,000 points “sometime next year.”