Archives for August 2013

The Dave Ramsey Show: Rich Habits Discussion

Are your habits creating your wealth or keeping you broke?

In this video, Dave Ramsey introduces the Rich Habits, citing the importance of habits in any endeavor we may pursue.  This radio interview takes place just before his July 19th, 2013 interview with Tom Corley. Topics include gossip, reality television, and recreational Internet use. If you fear success or wealth, do not watch the video as you may get uncomfortable with these revelations.

Dave Ramsey’s Rich Habits Introduction (Mini Transcript):

Wealth is built by your habits.  If you want to be skinny, do what skinny people do.  If you want to be married fifty years, do what people that have been married fifty years do.  If you want to win at business and leadership, do what great business leaders do.  In business we call that best practices…

Yahoo! Financially Fit: 30 Days to Financial Health

While we know better than to believe those “get rich quick” schemes, this video reveals a five-step plan that promises to at least perk up your financial life in just 30 days.

Author and financial planner Tom Corley has spent nearly five years studying the daily habits of those he characterizes as “wealthy” and “poor” and says whether you need a total financial overhaul or just a little breathing room in your budget, you can make improvements in roughly a month — starting with what he calls the “reinvention” habit.

Reinvention
It’s the first rich habit for a reason. You need to reassess where you are in your life if you want to change. As part of your reinvention, it’s important to visualize those bad habits. He says grab a pen and a paper and be brutally honest. List your imperfections and, in a neighboring column, jot down the reverse positive. For instance, “I need to exercise” becomes “I exercise 30 minutes a day.” “I watch too much TV,” gets flipped to “I limit TV to an hour a day.” [Read more…]

Yahoo! Financially Fit: Daily Habits of the Wealthy

If you think becoming rich is about luck, think again. It may have more to do with how you spend your day, beginning with the hour you wake up.

Financial planner Tom Corley spent five years observing more than 350 “rich” and “poor” people, how they live, work and even sleep and captured them all in his book, “Rich Habits: The Daily Success Habits of Wealthy Individuals.” He defined “wealthy” as earning at least $160,000 annually and holding at least $3.2 million in assets. “Poor” was income under $30,000 a year and less than $5,000 in assets. [Read more…]

Tip o’ the Morning to Ya – Choose To Try, Become An Unstoppable Force

tip-o-the-morning

unstoppable-decide-to-try-fitness-cheerleader-com

[ Source: FitnessCheerleader.com ]

Rich Habits Word of the Day

Indomitable – Cannot be defeated.

Rich Habits Fact of the Day

Australia is the only country that is also a continent.


Rich Habits Lesson of the Day

Rich Habits Time Management:

One of the strategies the wealthy use to accomplish more with less time is the use of the 80/20 Rule. The wealthy identify the top tasks they perform every week that are responsible for 80% of their revenues, income, or value to their organization. They then focus on these tasks full-time and delegate the remaining support tasks to others.