15 habits of self-made millionaires, from a man who spent 5 years studying rich people

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Alastair Grant/AP

"Long-term success is only possible when you have a positive mental outlook," says Thomas C. Corley.

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Success doesn't crop up overnight. All self-made millionaires had to start somewhere.

Much of their transformation from ordinary to seven-figure status can be attributed to "rich habits," a term coined by Thomas C. Corley, who spent five years researching the daily habits of 177 self-made millionaires.

"From my research, I discovered that daily habits dictate how successful or unsuccessful you will be in life," he writes in his 2016 book "Change Your Habits, Change Your Life."

"There is a cause and effect associated with habits. Habits are the cause of wealth, poverty, happiness, sadness, stress, good relationships, bad relationships, good health, or bad health."

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The good news is all habits can be changed, Corley notes. Here are some "rich habits" of self-made millionaires that you can start developing today:

Previous reporting by Kathleen Elkins.