The Hardest Part is the Start

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A body at rest stays at rest and a body in motion stays in motion. This is one of Newton’s three laws of physics. Successful people are in perpetual motion. They are, every day, devoting their time to productive pursuits. These productive pursuits are centered around their dreams and their goals. They do things every day that move them closer to realizing their dreams and achieving their goals.

But it’s not easy. It’s not easy because realizing your dreams and achieving your goals requires that you take action. The hardest part about taking action is starting. Getting started is the hardest part of the pursuit of success because the action or actions you need to take often seem daunting. It’s like staring at a mountain that you are about to climb. All you see is the long, hard climb. When you visualize taking action this way, as if you have to climb a mountain, it’s much harder to take action.

So how do you get motivated to take action? Answer: start small. Instead of looking at the 10,000 steps you need to take to climb up the mountain, look only at the first step. To put this in context, just agree to spend 15 minutes in getting started and focus just on devoting 15 minutes each day to taking action on your dreams and goals. Psychologically, this shifts your thinking from the mountain of activity you must take, to small daily actions. Once you get started you will find yourself devoting, on some days, much more than 15 minutes to your daily actions. When you commit to small steps, it’s much easier to get started. The brain does not fight you when the action you need to take is small. So, start small and you will soon find yourself at the top of the mountain staring down.

Courage Attracts Luck and Allies

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It was an early morning on the first day of spring. The farmer had just finished planting the last of his sunflower seeds. The ground was still cold and hard from a long, cold winter. The frosty, damp morning soon gave way to a strong morning sun rising slowly over the horizon. Its warm rays stroked the ground, stirring the newly planted sunflower seeds to life.

“Is it time? Is it time?” an anxious sunflower seed called out to his brothers and sisters. “No. It’s still too cold.” Thousands of sunflower seeds buried just beneath the earth echoed the refrain. “It’s too cold, it’s too cold.”

The next day the anxious sunflower seed called out once again, “is it time?”.  “Not yet. It’s too cold,” rang out, one after the other from every seed. Day after day, the anxious sunflower seed called out to his brothers and sisters and each time their answer was always the same. [Read more…]

Magical Things Happen During Sleep

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The average adult sleeps 7 1/2 hours a night in five 90 minute sleep cycles. Each of these five sleep cycle is composed of five separate levels of sleep: Alpha, theta, delta, rapid eye movement (REM) and then back to theta. The first three sleep levels last 65 minutes. REM lasts 20 minutes and the final level of sleep lasts 5 minutes. The number of hours you sleep is less important than the number of complete sleep cycles you have when you sleep. Five complete sleep cycles a night is optimal.

But why do we sleep? The science on sleep is still a work in progress. But there are a few things they do know for sure:

  • Sleep helps form memories – The hippocampus and neocortex send signals back and forth to each other thousands of times during the REM portion of sleep. This process allows memories to stick.
  • The REM (Rapid Eye Movement) phase of the sleep cycle is where most of your dreaming occurs. It is also known for the side to side movement of your eyes. Do you know why your eyes move from side to side? That movement oxygenates your eyes. Why is oxygenating the eyes so important? Because the cornea has not blood cells to provide oxygen to the eyes. Without enough Oxygen the cornea warps and becomes less transparent and will develop scars, making it hard to see. 
  • Sleep makes your brain cells bigger – Sleep increases the size of your myelin sheath. The myelin sheath insulates the axon branches on each brain cell. Without the myelin sheath brain cells would not communicated with each other. The thicker the myelin sheath the faster brain cells communicate with each other. Individuals who have thicker myelin sheaths around their axons are smarter than those who have thinner myelin sheaths.
  • Sleep restores willpower – When willpower is depleted we become unable to focus and think clearly, causing us to make bad decisions.
  • Sleep allows our conscious mind to communicate with our subconscious mind – Sleep enables offline communication between the conscious mind (aka neocortex), which shuts down during sleep, and the subconscious mind (limbic system and brain stem). This is important because the subconscious mind is regularly taking in sensory data that is invisible to the conscious mind. When we experience intuition, this is actually the conscious mind telling us something the subconscious mind communicated to it during the last sleep cycle.
  • Sleep makes learning stick – During REM sleep what we’ve learned the day before is transported to the hippocampus. If we do not complete at least four 90 minute sleep cycles a night, long-term memory storage becomes impaired. Completing at least four sleep cycles the night after learning a new skill or the night after studying for a test locks in the new skill or study material. If we get less than four complete 90 minute sleep cycles the night after learning a new skill or the night after studying for a test, it is as if we did not practice the skill or did not study at all because it never fully gets transferred to long-term memory.

Now you know why we sleep. So, go gets some sleep.

Finding Your Muse

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What is a muse? A muse is someone or something that inspires you. It can be a person (i.e. mentor), or persons (i.e. your children), an idea (i.e. a vision of the future you) or a dream you have. A muse draws out of you your inner genius. We all have the capacity for genius but, for most, it remains dormant most of our lives. The few who find their muse go on to achieve great things in life.

For me, my muse has always been my children, or rather, the desire to set my children up for success in life. So, my children inspired me to do certain things in life that would give me the financial resources to give them a leg up in life.

Do you have a muse? If you don’t, I suggest you get one. Give it some thought. A lot of thought. It’s important. Your muse will lift you up. Your muse will inspire you. Your muse will draw out of you your inner genius. Your muse will transform you from ordinary to extraordinary. Your muse is out there. You just need to find it.

Teaching Kids to be Entrepreneurs

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Becoming a successful entrepreneur is not easy. I spent five years studying 177 self-made millionaires and I have to say, they are among the most courageous, fearless individuals I have ever met. They put everything on the line. They took enormous risks in the pursuit of their dreams. If you want your children to grow up to be entrepreneurs, then there are certain things you can do as a parent to help them learn how to be an entrepreneur. [Read more…]

Think > Evaluate > React

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Things often go wrong in life. How you react to things that go wrong is one of the keys to living a happy and successful life. Those that live a happy and successful life do so by following the following formula:

Think then Evaluate then React

Jails and prisons are filled with individuals who get this formula backwards. They react first and then spend the rest of their lives regretting their knee-jerk reactions.

For most, getting this formula wrong doesn’t put them in jail but it does damage relationships or their business. We want to feel comfortable with the people in our inner circle. When we feel uncomfortable around individuals because they are constantly reacting to their emotions, we eventually kick them out of our circle. We avoid associating with them. No one wants to do business with individuals who fly off the handle, reacting emotionally when things don’t go according to plan.

Since relationships are the currency of the wealthy, those who succeed have developed the habit of adhering to this formula in order to preserve their relationships.  We want to work with people who are thoughtful about their actions, especially when things go wrong. Those that do we call leaders. We follow individuals who we trust. And we trust individuals who are thoughtful about their decisions; individuals who do not react first, but last. If you follow this formula, you guarantee that the actions you take will be well thought out. This gives those you deal with confidence in you as a an individual who can be trusted in making thoughtful decisions.

The next time something goes wrong, do not react. Instead think about what went wrong, evaluate why and, only then, take action. Think, Evaluate and React. Your relationships depend on it!

 

Super-Dads

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When parenting goes right, children excel in life, are upstanding citizens and add tremendous value to society. According my my Rich Habits research, good parenting is the #1 driver of success. Children who are raised in stable, mentoring and loving households grow up to beat the pants off their peers who were not so fortunate. Behind every successful child is a Mom and Dad who get that their most important role is that of a mentor. What makes a Dad a Super-Dad? Below is a list of characteristics I uncovered in my research that only Super-Dads possess:

  • Super-Dads Read To Their Kids.
  • Super-Dads Help Their Kids With Homework.
  • Super-Dads Attend Their Kids Sporting Events.
  • Super-Dads Are Affectionate.
  • Super-Dads Help Set Rules and Enforce Rules.
  • Super-Dads Make Their Kids Do Chores.
  • Super-Dads Encourage Their Kids to Pursue Their Passions.
  • Super-Dads Encourage Their Kids to Embark on Novel Activities.
  • Super-Dads Play With Their Kids.
  • Super-Dads Attend Parent-Teacher Conferences.
  • Super-Dads Inspire Their Kids.
  • Super-Dads Teach Their Kids to Exercise Regularly.
  • Super-Dads Encourage Their Kids to Take Action and Help Them Find the Lesson in Failures and Mistakes.
  • Super-Dads Console Their Kids When They Hurt.
  • Super-Dads Teach Their Kids to Laugh.
  • Super-Dads lavish Their Kids With Love.
  • Super-Dads Infuse Their Kids With a Positive Mental Outlook.
  • Super-Dads Take Their Kids to the Library.
  • Super-Dads Teach Their Kids to Save.
  • Super-Dads Exercise Regularly.
  • Super-Dads Love to Read and Learn.
  • Super-Dads Kiss and Hug Their Kids.
  • Super-Dads Turn Their Cell Phones Off When With Their Kids.
  • Super-Dads Dance and Sing Around the House.
  • Super-Dads Know Every Friend Their Kids Have.
  • Super-Dads Know Every Parent of Every Friend Their Kids Have.
  • Super-Dads Don Not Gamble.
  • Super-Dads Do Not Get Drunk.
  • Super-Dads Do Not Do Drugs.
  • Super-Dads Do Not Lose Their Temper.
  • Super-Dads Do Not Hit Their Kids in Anger.
  • Super-Dads Are Not Couch Potatoes.
  • Super-Dads Do Not Break The Law.
  • Last – Super-Dads Associate With Other Super-Dads.

 

 

The False Assumption Habit Will Keep You Poor

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Humans have a bad habit of making assumptions. Assumptions are, by definition, the act of accepting a truth without definitive proof. A habit of making assumptions is a bad one because it can lead to unexpected consequences, oftentimes bad ones that cost you not only time but money.

In my five year study of the daily habits of the rich and poor (Rich Habits Study), 56% of the rich and 72% of the poor in my study engaged in the bad habit of making False Assumptions. This one data point initially slipped through the cracks because there didn’t seem, to me, to be enough of a difference between the rich and the poor when it came to making assumptions. But when I drilled deeper, I made an important discovery. Out of the 233 rich people in my study, 177 were self-made millionaires. Forty-one percent came from poor households and the rest from middle-class households. In this self-made group of millionaires, only 43% of the self-made millionaires had this False Assumption habit. Why?

Sixty-seven percent of the self-made millionaires in my study were entrepreneurs, or individuals who were pursuing some dream, purpose, calling or big goal in life. As a result of their past experience in making assumptions, they learned that many of their assumptions were dead wrong. They found out the hard way that making false assumptions leads to mistakes that cost them time and money. Time is one thing, but money is a precious commodity to budding entrepreneurs and they need every dollar. They simply cannot afford to lose too much money. Successful entrepreneurs figure out along their journey that making false assumptions can put them out of business quickly. So, the smart ones, the ones who become self-made millionaires, learn to avoid making false assumptions.

I found in my research that individuals make false assumptions in one of four ways:

  1. You do not ask enough questions or
  2. You do not ask enough of the right questions or
  3. You don’t seek feedback from experts in your industry or
  4. If you do seek feedback, you dismiss it and simply do what you want.

There’s a narrative out there that all entrepreneurs go with their gut, or their intuition, when making decisions. Because of this misleading perception, entrepreneurs are viewed by most as bold and daring. That may be true of unsuccessful entrepreneurs, but I discovered it wasn’t true of successful entrepreneurs – the ones who go on to become self-made millionaires.

Self-made millionaires do not make important decisions until they have evaluated all of the feedback they receive from many different sources. Then they weigh that feedback. Feedback from industry experts obviously carries more weight than feedback from non-experts. Seeking feedback from others, prior to making any important decision, is a firewall against making a false assumption.

 

Rich Habits Study – Background and Methodology

Tom Corley boats - cropMy Rich Habits study has received international attention in the media. Newspapers, magazines, online sites, TV, radio and podcasts in 27 countries, so far, have shared bits and pieces of my research.

As a result, I have received tens of thousands of emails from around the world, regarding my research and my study methodology.

[Read more…]

Finding Your Path in Life

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One of the things I learned from my study on self-made millionaires is that they followed one dream. That one dream then introduced them to another dream and then another dream. You see, there isn’t just one dream that takes you to the promised land of happiness and success. There are many dreams. And each dream leads you down a path that branches off into other directions. These paths reveal to you other dreams to pursue. So, how do you know you’re on the right path in life?

Each path you take, each dream you pursue gives you clues that it is the right path. You know you’re on the right path in life when:

  • You Feel Uncomfortable – Each dream takes you outside your comfort zone. It makes you feel uncomfortable.
  • You Feel Awkward – Each dream forces you to learn new things. In the beginning, you are a novice. New knowledge, new skills don’t come easy. You will feel awkward at first.
  • You Experience Ah Ha Moments – Pursuing dreams means you will struggle. Obstacles, pitfalls, mistakes and temporary setbacks will be your partners along the path towards realizing your dream. But it is those struggles, obstacles, pitfalls, mistakes and setbacks that reveal the ah ha moments, the inspired genius inside each one of us that reveals solutions that enable us to overcome them.
  • You Will Feel Frustrated – Frustration accompanies action. When things do not go your way, you get frustrated. Dreams cause you frustration. In that frustration you grow. You figure things out.
  • You Get Angry – If it was easy everyone would follow their dreams. But it’s not easy. You will experience many emotions. Anger is one of them. You will get angry for not knowing something or for making a mistake. It’s just part of the process.
  • You Get Happy – When things go right, it’s exhilarating. Success will make you feel happy.
  • You Will Feel The Flow – When you are pursuing the right path in life there will be more and more moments when you are in the flow. There will be more and more moments when time seems to stand still, when you can work for hour after hour on your dream without wanting to stop. This is flow. All dreamers experience flow.
  • You Will Become Obsessed – You will find your self thinking about your dream 24/7. You will become obsessed about reading and learning new information. You become a sponge – relentlessly scouring the universe for more and more information regarding your dream. This obsession forces you to grow and learn. It also empowers you. You will become persistent. Relentlessly persistent. And luck finds the persistent.