WATCH: More personal finance videos on TheStreet TV | More videos from Juliette Fairley

NEW YORK (MainStreet) — Investors worth more than $5 million are 39% more likely to take a cruise in their lifetime than those with a net worth of less than $100,000, according to a new study.

"The wealthy are not as much interested in the lavishness of a vacation," said Thomas Corley, author of Rich Habits: The Daily Success Habits of Wealthy Individuals. "They are more interested in the quality and quantity of vacation time their wealth can buy their family, friends and business associates."

An Investor Pulse survey from Spectrem Group's Millionaire Corner found that Caribbean, Alaskan and European cruises are the most popular options for the richest while cruises to Mexico and the Caribbean are favored by the second tier.

Although it seems unlikely, even a vacation can pay off financially for the rich.

"Many of the wealthy use their vacation homes as venues for some of their major customers, clients and business associates," Corley told MainStreet. "These business-related retreats help foster stronger relationships. This is one of the major advantages the wealthy have over everyone else."

Some 12% of the wealthy have vacation homes by or in skiing venues, 36% have vacation homes by the shore in Delaware, Florida, New Jersey, North Carolina and South Carolina and 3% at one time owned a yacht, according to Corley.

"They can leverage vacation homes, yachts, boats or planes to their business advantage," Corley said. "Sharing their toys with their customers, clients and business associates changes their business relationships. It personalizes their business relationship."

Another past time of the rich that pays is lecturing. Like Warren Buffett, 23% of the rich are involved in public speaking. But most people who know of Buffet would never guess the multi-millionaire was once a very shy young man.

"I was totally terrified of public speaking but if you improve your communication skills I guarantee you, you will earn 50% more money," said Buffett.

He reportedly read Andrew Carnegie's How to Win Friends and Influence People to overcome his shy and reserved tendencies, but it was not until his early 20s that Buffett began to conquer his fear of interacting with others.

Other popular pastimes of the wealthy include studying information related to their career, profession or business acquisitions.

Although they don't have to be, 67% of the wealthy consider themselves frugal with their money. Derek Sivers continues to live below his means despite being a millionaire.

"Reduce your cost of living," said Sivers who founded CD Baby then sold it in 2008 for $22 million. "You don't need all that crap that people say you need."

Finally, successful people tend to take action, completing at least 70% of their daily task list.

"Most people give up when they're about to achieve success," said former presidential candidate Ross Perot. "They quit at the one yard line. They give up one foot from the winning touchdown."

In other words, don't quit five minutes before the miracle.

"Being poor is not just a fixed condition," Corley said. "It's caused by bad habits, bad behavior, poverty thinking and bad choices."

--Written by Juliette Fairley for MainStreet