Parents are to blame for poverty in America – not Wall Street, not the 1%, not big business, not government policies – parents! Of course, there are exceptions, such as family disabilities, medical issues etc., but exceptions aside, poverty is the direct result of bad parenting. [Read more…]
Failing Your Way to Success
Develop a Growth Mindset
Successful people have a growth mindset. They pursue goals, which forces them to acquire new knowledge by engaging in daily self-education, the development of new skills, overcoming obstacles and making mistakes. This new knowledge transforms them from ordinary to extraordinary. In effect, they transform themselves into the individuals they need to become in order to realize success in life.
Thanks Mom and Dad – I’m Rich!
In my recently released book: Rich Kids – How to Raise Our Children to be Happy and Successful in Life (http://richhabits.net/rich-habits-books/), I share hundreds of strategies, tips and tools that rich, successful people learned from their parents. It didn’t matter that their parents came from a poor or middle-class household. All that mattered was that the parents of the wealthy mentored them for success. Most parents do their best to give their kids the tools they need to survive in the real world. But what I found in my five-year study of the rich and poor was that certain parents go above and beyond, teaching specific habits that give their kids the tools that set them up to excel in life. These habits gave their kids a leg up, enabling them to outperform their peers and achieve incredible wealth and success in life. I’d like to share two of the most important Parenting Rich Habits with you: [Read more…]
What it Means to be Rich
In my five year study of the daily habits of the rich and poor (http://richhabits.net/rich-habits-study-background-on-methodology/) I defined rich to mean those individuals who passed a two-part test:
- Gross Income of $160,000 or more and
- Net Liquid Assets of $3,200,000 or more
In reality, being rich is much more complicated. There are many variables that can make one person rich and another person not rich. It’s not a simple financial test as much as it is a lifestyle test. As a result, being rich is very much a subjective matter. Nonetheless, I thought I’d provide some clarity and share with you some of the variables I uncovered from my research that definitively make you rich. If you meet all of these 12 tests, then you are a rich person: [Read more…]
The Productive 5
Successful people make a habit of processing success into their daily lives. Each day ask yourself: “What are the five most productive things I can do today?” Then write them down; include them on your to do list. No matter what happens during the day, make it your goal to accomplish those five things. To turn this into a habit, begin with five simple, easy to accomplish tasks. Do this for 30 days and after 30 days it will begin to transform into a daily habit. Once it becomes a habit, those five simple, important tasks will become easier and easier. This Daily 5 strategy will help move you forward, little by little, every day toward accomplishing your big goal or life dream.
Block Out Time For Distractions So You Can Focus on Your Goals
You cannot achieve any goal without intense, uninterrupted focus. Human beings, however, spend most of their time multi-tasking, which distracts them from performing important tasks. Important tasks represent those things you should be doing every day that move you forward in achieving some big goal or life dream. Distractions are things like email, phone calls, meetings, paperwork, conversations with colleagues etc., which pull you away from your important tasks. Successful people understand that in order to accomplish the important tasks, you need to isolate set blocks of uninterrupted time during your day to deal with life’s distractions. You also need to isolate set blocks of uninterrupted time to focus on the important tasks related to your big goal or life dream. This two-step process will allow you to deal with the unavoidable distractions we all face, and also enable you to focus on doing the important things that will move you forward in life in achieving a big goal or life dream.
Love it or Leave it
7% of the uber-wealthy love their job. 97% of the poor do not even like their job. You’ve got one life and about 29,000 days to live that life to the fullest. Find just a few hours, one day out of each week, to try something different; something you never attempted before. You will only have a chance to find that thing you love to do if you push yourself out of your comfort zone and experiment with new activities. When you find the thing you love to do you will know it – passion will bubble up inside you. Passion is the fuel of all successful people. Passion is your brain’s way of screaming to you – This is what will make you happy and successful in life! If you’re not doing what you love to do, you will not be happy and you will not become successful in life.
Grow a Little “Wood” Each Day
Each day a tree will grow a little more wood. It keeps doing this day in and day out until it reaches its towering height. People are no different. If you want to become wealthy and successful, you need to grow a little wood every day. You need to focus on daily self-improvement. You need to engage in daily self-education. You need to focus daily on only those important things that will help you to grow and move you forward in achieving your goals and dreams. Consistency is the key to accumulating wealth and realizing success in life. You need to do the right things daily, rather than occasionally. This means reading every day to learn, expanding and nurturing valuable relationships with others on a daily basis (Hello Call, Happy Birthday Call and Life Event Call), and taking care of your health daily. Avoiding bad daily habits and embracing good daily habits will help you grow a little wood each day.
Project Mentors
If you are starting a new project or pursuing a new goal or dream you will increase your chances of success dramatically if you find something I call a “Project Mentor”. A “Project Mentor” is someone who has already succeeded in doing what you are about to pursue. Where do you find a “Project Mentor”? Books are a good start. Many books are written by individuals in specific fields that highlight their journey. I would suggest reading at least three books written by different authors on the topic that relates to your project, goal or dream. Another option is to reach out by email, phone or Social Media to well-known individuals who have been down the same path you are about to walk. The third option is the most expensive option – paying for an expert to coach you through your project or journey.






