Failure in Motion – The Demise of Facebook Right Before Our Eyes

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It’s hard to watch an individual or company fail.

When you study success and failure for as many years as I have, seeing failure in motion is a painful thing to witness.

For years I have been watching my favorite bookstore, Barnes and Noble, fail. Their path to failure has been so obvious to me, it hurt.

First, their fast asleep management did not see Amazon coming, until it was too late. Amazon very quickly gained control of the on-line book retail sector, while B&N was expanding their footprints in malls and colleges around the world, oblivious to what was going on within their very own industry.

Second, their business model attached itself to the hip of traditional publishers, ignoring the rapidly expanding self-publishing industry, which Amazon happened to be embracing.

B&N hasn’t gone under yet. It is desperately pivoting, shifting its focus away from bricks and mortar and to online sales. It is also playing catch up with Amazon by selling more and more books from self-published authors, both on-line and in its retail outlets. But the damage has been done and, I believe, failure is just a question of when, for B&N.

In hindsight, it’s easy to play the Monday-morning quarterback and criticize companies for their historically bad business decisions. It’s quite another thing, a great skill in fact, to identify failure as it is happening. And right now, we are witnessing failure in motion – at Facebook. [Read more…]

Turn Up Your Genius

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Genius, by definition, is the possession of exceptional intelligence, creativity and curiosity.

Albert Einstein, Thomas Edison and Steve Jobs all possessed these traits in abundance and all three changed the world in which we live.

In fact, these qualities, this genius, is what separates humans from the rest of the animal kingdom.

Genius is also what separates exceptional human beings from ordinary human beings. And that’s too bad because all human beings are born with these genius traits hardwired into their DNA. We are all inherently intelligent, creative and curious, thanks to our genes. We just have to know how to turn up our genius.

Research shows that intelligence, creativity and curiosity dramatically increases in the presence of positive emotions and decreases just as dramatically in the presence of negativity. Positivity, through a process called methylation, turns on certain genes that increase intelligence, creativity and curiosity. Studies also show that negativity, through a process called demethylation, turns off those same genius genes.

Positivity lights the fuse and negativity snuffs it out.

Intelligence, creativity and curiosity push us to learn, solve problems and explore. These traits, when put to use, make us feel happy and alive.

Happy, upbeat people are able to tap into their inner genius and are more productive than unhappy, negative people. Positive people are the beneficiaries of those flashes of genius that are commonly associated with creative genius-types.

So, if you want to turn up your inner genius, get positive. Positivity lights the fuse to inner genius; a genius innate to every human being.

Who Will Be There When the Lights Dim?

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When life is good, when things are going well, it’s hard to tell the difference between those relationships that matter and those that don’t.

But life isn’t linear. Everyone, even successful people, experience downturns in their lives.

It is when things go off the rails that Rich Relationships come to the rescue.

Rich Relationships are those relationships you’ve built over the years with other upbeat, success-minded individuals. Rich Relationships do not abandon you in your time of need. If fact, they do the opposite – they help pull you out of the abyss, financially, emotionally and through their contacts.

The relationships you should be building today should be with those individuals who have displayed courage and commitment to their relationship with you when things were not going as planned.

How many of your relationships could you honestly count on in a time of need? Make a list. Study that list. Those are the individuals you should be devoting your time to in forging strong relationships. Those who do not make the list, should be the ones you devote the least amount of your time to.

The foundation of your success is built upon the relationships you forge with other success-minded individuals who are committed to helping you achieve your goals and dreams; who are committed to your success.

Surround yourself with Rich Relationships and invest your time in those relationships.

 

You Are the Architect

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You are the architect of your own happiness and you are the architect of your own sadness.

You are the architect of an abundant life and you are the architect of a life of scarcity.

You are the architect of your life.

Until you accept this fundamental fact of life, you will never truly have any control over your life.  Like leaves on a fall day, you will float in the air aimlessly, without direction, driven by the wind.

The habits that you forge, are that wind. The hidden power inside each one of us, is the ability to direct that wind in any direction of our choosing, by choosing habits that move us forward in life toward the life of our dreams.

How to Make Yourself Un-Old

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I have a binder filled with page after page of the studies I’ve summarized over the past nine years. These summarized studies are all interrelated. Each study relates, in some way, to the benefits derived from various habits.

One such habit, aerobic exercise, has so many benefits, I thought I’d highlight them:

  • Reversal of Mild Cognitive Impairment – The first stage of Alzheimer’s disease is known as Mild Cognitive Impairment (MCI). Several studies of older individuals with MCI concluded that when these individuals engaged in aerobic exercise thirty minutes a day, four days a week, they showed a reduction in MCI.
  • Prevents Alzheimer’s – Other studies have documented that individuals who regularly exercised aerobically throughout their lives were 88% less likely to develop Alzheimer’s. One longitudinal study even found that only 5% of women who exercised aerobically throughout their lives developed Alzheimer’s, compared to 32% of the women who did little to no aerobic exercise.
  • Younger Thymus – The thymus is responsible for manufacturing immune cells called T-Cells. It typically begins to shrink around age 20, thus producing fewer and fewer T-Cells as we age. Those who exercised aerobically, however, had thymus glands of a twenty year old – meaning, aerobic exercise keeps your thymus youthful, your immune system healthy, and these two things enable you to live a long, healthy life.
  • Healthier Hearts – Various studies show that those who exercise aerobically during their lives have stronger, healthier heart muscles.
  • Better Cardiovascular Systems – Studies show that those who exercise aerobically have lower blood pressure, lower cholesterol levels and other favorable heart metrics across the board than sedentary people.
  • Less Depression – Those who exercise aerobically have lower levels of adrenaline and cordial, stress hormones that have been linked to stress-related diseases and increased depression.
  • Better Guts – Those who exercise aerobically have higher concentrations of butyrate, a type of fatty acid that helps keep you gut healthy, lowering inflammation and increasing energy production.
  • Lower Cholesterol – Regular aerobic exercise, in many studies, lowered LDL (bad cholesterol) and increased HDL (good cholesterol).
  • Reduction in Type 2 Diabetes – Various studies show that regular aerobic exercise increases insulin action and glucose tolerance, significantly reducing the risk of developing Type 2 Diabetes.
  • Youthful Skin- Individuals over age 40 who engage in regular aerobic exercise have healthier skin than their sedentary peers. Many in various studies had skin comparable to 20 – 30 year-olds.

If you want to live a longer, healthier, more youthful life, forge the aerobic exercise habit. It’s never too late. Studies show that aerobic exercise reverses many of the aging effects that lifelong bad habits produce. Aerobic exercise, in effect, makes old people, un-old.

The Ripple Effect

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In the mid-2000’s, Australian researchers Megan Oaten and Ken Cheng conducted a study on a group of people. For two months this group hit the gym three times a week for weight training and cardio.

Employing a well-known visual tracking test, which measures your ability to focus and concentrate, they tested the group of participants’ willpower before and after the two-month exercise program.

The results?

The participants increased their ability to focus and concentrate after engaging in the two-month exercise regimen.

But, surprisingly, the two-month exercise program revealed some other unexpected and surprising results. There was a massive decrease in bad behavior and a massive increase in good behavior, post exercise regimen:

  • Cigarette smokers went from 14 cigarettes a day to just 3.
  • Healthy eating habits increased.
  • Junk food consumption went down.
  • Impulse spending decreased.
  • Overspending declined.
  • Participants devoted more time to their friends.
  • TV consumption went down.
  • Missing or being late for appointments decreased in frequency.
  • Procrastination was reduced.
  • Daily household chores surged.

In short, like throwing a pebble in the water, the act of establishing just one good keystone habit (exercise) triggered a Ripple Effect which gave birth to other good behaviors (habits).

Keystone Habits are infectious habits that act like catalysts, giving birth to other related habits.

This is why it is so important to forge good habits – good habits lead to more good habits. This is also why it is so important to eliminate bad habits – bad habits lead to more bad habits.

The Formula For Greatness

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Achieving greatness boils down to one simple formula:

Doing Something You Are Inherently Good at, Which Adds Value to the Lives of Others and For Which You Have a Passion.

Innate Talent

Innate talent is something that comes easy to you. It is something you do better than others.

Value

When whatever you do adds value to the lives of others, they will gladly pay you a premium for any service or product you provide which improves their lives in some way.

Passion

When you love what you do, you happily devote every available waking moment to doing that which makes your heart sing. Those who find their passion in life become expert in what they do. They devote the most time to their careers and, as a result, become the best at what they do.

All of those deca-millionaires/billionaires you read about in the newspapers, or on the Internet, or listen to on the radio or in podcasts or whose interviews you watch on TV or some Internet video, have achieved enormous success by following this formula for greatness.

Your Income is a Mirror of Your Value

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Certain professions/trades produce more value and, therefore, those who work in those professions/trades earn more money.

Entrepreneurs, Doctors, Dentists, Prosthodontist, Oral Surgeons, Electricians, Crane Operators, Attorneys, Certified Public Accountants, Financial Advisors, Sales Managers, Financial Managers, Nurses Anethetists, Construction Managers, Boilermakers, Plumbers, Specialized Tool and Die Manufacturers, Airline Pilots, Property and Casualty Insurance Agents, Tenured University Professors, Engineers, Aircraft Mechanics, Pile Driver Operators, Computer Network Specialists, Funeral Service Managers, Software Developers, Pharmaceutical Sales, Pharmacist, Actuaries, IT Managers, – these professions/trades all produce, on average, a better than average income.

Why?

They have a perceived value that is, on average, greater than other professions/trades. These professions/trades also happen to require a greater amount of education and training, than on average, other professions/trades.

The amount of money you earn is directly correlated to the amount of perceived value you provide. The marketplace rewards those with a higher income who have the highest perceived value.

So, the common denominator is perceived value.

If you want to make a lot of money in your work life, you must provide value.

Becoming a person of value, then, should be your goal. But this is not an easy goal. It requires a constant investment in formal education, self-education and daily deliberate practice. You must, every day, maintain or improve your knowledge and skills. This requires a lifelong commitment on your part.

If you are unhappy with your income, it is most likely because the profession/trade you are in places a lower value on your profession/trade. To earn more, you must increase the value you provide to others.

Your income is a mirror. It reflects the value you provide to others.

Live Rich Habits Training – I Want to Hear From You – Update 3/19/18

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Over the years, I’ve received thousands of emails from readers, many clamoring for live Rich Habits training sessions.

Since I completed my Rich Habits study in 2008, my focus has really been to help as many people as possible by getting my research out there through my writing (books/blog), media interviews and speaking engagements.

However, I recognize there is only so much I can cover through those mediums. With the live Rich Habits training, I can cover far more material, in more depth and, thus provide more value to those who are passionate about transforming their lives. Plus, it allows me to meet my readers face to face.

I am, therefore considering conducting a limited number of Rich Habits training sessions, beginning in the summer of 2018.

Preliminary Information:

  • Cost $295 per attendee.
  • Limited to 100 attendees.
  • For 2018, I will probably do four sessions covering the most significant and influential portions of my research.
  • Each session will be about four hours in the morning on a Saturday, somewhere in New Jersey. The first session will likely be sometime in August.
  • Free attendance for individuals who get 3 others to attend. If 3 is too high a bar, please let me know.

If you think you might be interested in attending, please email me at: TOM@RICHHABITS.NET

3/19/18 Update

I received several emails from individuals who wanted to know if they could blast this training email to their contacts in an effort to get friends/contacts/work colleagues to attend. Yes, that would be great. I was thinking along these lines re: invitees:

  • 25% Discount to you if you bring one attendee.
  • 50% Discount to you if you bring two attendees.
  • Free if you bring three attendees.

Let me know your thoughts.

3/14/18 Update

To date, I have received about 60 emails from readers who said they were interested in attending.  Thanks for your email responses. Some of you have indicated that you would prefer a webinar format. That may be a separate platform I adopt in the future. The downside with webinars is the loss of valuable networking opportunities that live, face to face training events provide. The self-made millionaires in my study built strong relationships with other success-minded individuals and that is one of my objectives with the live, face to face training. The relationships, I am certain you will make at the live training events, will be invaluable. They will help move you forward in the pursuit of your dreams, goals, future success and in building your wealth.

I will continue to run this post over the next few months. Hopefully, we can get 100 confirmations, in which case I will move forward with the training in 2018. It would be nice to get to meet my readers face to face. Hope to hear from you.

TC

Optimists Earn More Than Pessimists

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Tom Corley boats - cropMetLife is a leading provider of insurance and other financial services to millions of individual and institutional customers across the United States, Asia Pacific, Latin America and Europe.

In the mid 80’s MetLife was hiring 5,000 salespeople a year. To ensure their success, they were spending one hundred and fifty million dollars every two years in training costs. That’s thirty thousand dollars per sales rep.

MetLife approached psychologist Doctor Martin Seligman at the University of. Pennsylvania. Seligman developed an Attributional Style Questionnaire, or screening test, that each new MetLife representative completed. The screening test helped isolate the positive and negative mental characteristics of each representative in the group.

Seligman then tracked the sales results of these new MetLife hires for two years.

The result? The agents with an optimistic outlook drastically outsold the pessimists by as much as 21% in the first year and 57% in the second year!

Optimism, by definition, is feeling hopeful and confident about the future or anticipating a successful outcome in some pursuit.

When you are optimistic, you feel like you are in control of your destiny and that you control your own results. Optimists feel they can always do better, always improve, always make more money.

The study found that optimists worked harder in improving themselves – they devoted themselves to daily self-improvement, making self-improvement a daily habit.

As a result, the optimists in the study were able to drastically outsell their negative, unhappy competition and earn more money in the process.

Positivity and negativity is a habit. If you want to earn more money and increase your wealth, you must forge daily habits that put you on autopilot for success. Positivity is one of those habits that puts you on autopilot to become wealthy and successful.