Archives for June 2016

The Binder System

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I’ve been using something I call the Binder System since I discovered it during my Rich Habits Study. The Binder System helps you in your quest for success. Each binder is a tool in your success tool belt.

Fact Binder

In my research, I found that self-made millionaires were dedicated to daily growth and daily self-improvement. Each day, they sought to increase their knowledge through reading, listening to audio books, listening to podcasts, watching educational video, attending seminars, webinars, tele-seminars, participating in formal or informal mastermind groups and asking questions of others to gain more insight and expertise. This enabled them to grow their knowledge each day to help them evolve into the person they needed to become in order to realize success.

While reading is important, retaining important information uncovered in your reading is critical to learning new facts and information. One strategy to do this is the Fact Binder. In your Fact Binder create various topic sections that are meaningful to you. Each day, after reading, add any new facts or information to your Fact Binder. You can even add a section titled: “New Words” where you add any new words you come across in your reading. Writing down what you read has a way of reinforcing what you just read. Abraham Lincoln would write things down 3 times in order to commit them to memory. The physical act of writing somehow acts to create a new neural pathway that allows the new facts or information to stick. Once a week go over the new information you added. That will help reinforce the learning.

Mistake Binder

The Mistake Binder is a running list of every mistake you make in life. Each mistake is documented on one page. You want to document four things on that one page: WHAT went wrong WHY did it go wrong HOW to avoid repeating it in the future LESSON you learned The goal is to get into the habit of filling your Mistake Binder with page after page of mistakes that you make. Then spend a few minutes every other week reviewing your Mistake Binder. This helps make the learning stick and will also keep the mistakes in working memory, acting like a radar system, alerting them when you are about to repeat a mistake. The Mistake Binder will take the taboo out of making mistakes and will change your negative perception regarding mistakes. You’ll soon find yourself embracing your mistakes and the lessons they teach.

Book Binder

This is a binder where, in 1-2 pages, you summarize the key points of every book you read. This binder gives you immediate access to these key points at any time.

Vision Binder

The Vision Binder includes a picture of every dream that you one day hope to realize. It gives you instant access to each dream, allowing you to easily document and review each dream. By periodically  reviewing each dream, you help consolidate it into long-term memory, allowing your subconscious to go to work behind the scenes to help you make your dream a reality.

Goal Binder

In this binder you list every one of the goals you want to accomplish in order to help you realize each one of your dreams. In my Goal Binder I put at the top of each page one dream. Then, on the same page, I list all of the goals I will need to achieve in order for that dream to be realized. In the Goal Binder each dream is your destination and the goals are your GPS – how you get there.

Temporary vs. Long-Term Habits

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In my research on the habits of self-made millionaires I discovered two types of habits that these millionaires used to help them achieve success: Temporary vs. Long-Term Habits.

Temporary Habits

With Temporary Habits you develop daily habits that make it possible for you to accomplish a short-term goal.

Developing study habits to help you obtain a degree, license or certification is an example. Another example might be writing a book, completing a project, manufacturing a prototype product, or saving money for a year for a down payment on a home.

Temporary Habits don’t necessarily stick with you for life. They last for as long as you need them to last.

 Long-Term Habits

These are habits that stick with you for life. They help build the infrastructure for a better life. Examples include reading every day to learn, practicing a skill every day, exercising daily to improve your health, eating healthy every day, daily habits that promote a positive mental attitude (i.e. expressing gratitude every day or meditating).

Long-Term habits are like the foundation of a building. In the context of a life, they represent habits that lay the foundation for a good, healthy, happy and successful life.

 

How to Eliminate Beliefs That Are Keeping You Poor

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We all have negative and limiting beliefs that hold us back in life. Most of these beliefs came from our parents and were forged during our early childhood years, prior to the age of nine. These negative and limiting beliefs cause us to develop habits that hold us back in our adult lives. Most are not even aware of the negative and limiting beliefs they have. These beliefs prevent us from becoming successful in life and in many cases they act like an anchor dragging us down into failure, poverty and a life of misery. If you want to be wealthy and successful in life you need to remove and replace these negative and limiting beliefs. Here’s how: [Read more…]

Seek Discomfort

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When you do anything that is challenging, when you are learning something new, when you are developing a new skill or when you meet new people, you will feel discomfort.

Discomfort is a minor form of stress and a little stress is a good thing, it turns out.

The latest research on stress indicates that minor stress elevates your ability to focus.

It sharpens your cognitive abilities by releasing certain hormones and neurotransmitters that tap into all three parts of the brain: the neocortex, limbic system and the brain stem.

This is important because, well three parts of the brain are better than one, obviously. But more to the point, when our limbic and brain stem are called into action, the power of emotions charges in. And emotions are the key to long-term potentiation (long-term memory).

Emotions make learning stick.

So, embrace discomfort. Welcome it. Seek out situations in life that put you in a state of discomfort. Discomfort causes change and growth. And growth is the hallmark of all successful individuals.

4 Self-Made Millionaires Who Failed and Bounced Back

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“Our greatest glory is not in never falling, but in rising every time we fall.” Confucius

As children we are programmed to believe that failure is bad. If you fail a test it negatively impacts your grade for the course. Fail enough tests and you will fail the course. Teachers call parents, parents yell at child. When we become adult we get bad grades in life by taking risks. As a result, we avoid taking risks in life in order to avoid failure.

Well most of us. The ones who don’t shy away from taking risks that could lead to failure are called self-made millionaires. Self-made millionaires somehow are able to re-program their minds in order to see failure as a good thing, learning experience, rather than as a bad thing. Failing, for self-made millionaires, helps them learn what what works and what does not work.

I thought I’d share some real-life stories of millionaires who failed and whose failure brought them to the brink of financial ruin, only to rise like a phoenix out of the ashes of failure. [Read more…]

Change Your Habits, Change Your Life #1 on Amazon and iTunes – Here’s Why

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I spend a great deal of time reading the Amazon reviews of my books. Particularly, the 1 and 2 star reviews. Rich Habits, 1st Edition had some critics, although 67% awarded it mostly 5 stars. Almost 100% of the criticism had one common theme: Where’s The Beef? We fixed that with my upcoming book Rich Habits Poor Habits, which expands the number of Rich Habits and Poor Habits from 10 to 30. Also, we have included two bonuses:

  • The Research Summary, listing the data on over 200 habits that separate the rich and the poor. This Research Summary has received an enormous amount of media attention in the U.S. and in 24 other countries.
  • Rich Habits Poor Habits Test – a 50 question test you can take to find out if you are on the path to wealth or poverty or fall somewhere in the middle.

We will be releasing Rich Habits Poor Habits in the fall of 2016. We believe it will become a blockbuster, international best seller, right up there with Think and Grow Rich and other timeless classics.

My newest book – Change Your Habits, Change Your Life, continues to receive 5 star reviews. right out the gate. What readers love about this book is it’s ability to boil down complex topics into simple to understand language, making it easier to apply the strategies included in the book. It’s a powerful book and I was fortunate to get a back cover endorsement from none other than Jack Canfield, bestselling author of Chicken Soup for the Soul. Jack is in the Guinness World Book of Records – he holds the record for the most books ever published by an author: 500 million books! Jack doesn’t endorse books without good reason. Within two weeks of releasing Change Your Habits it rose to #1 on Amazon  and iTunes and stayed there for two weeks. I am getting calls and emails from the media in all parts of the world who love the book and I am receiving astonishing reviews on Amazon. Here are some recent reviews from my readers on Change Your Habits, Change Your Life: [Read more…]

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.