Archives for June 2017

Poor people have a ME mindset. They are focused on themselves and what others can do to help them in life. This is born of a scarcity mindset, which focuses on what you lack and want. It is a selfish, victim-based mindset. The problem with this mindset is that people eventually catch on to your scheme and, one by one, will avoid doing business with you.

Self-made millionaires have a YOU mindset. They are focused on what they can do to help others in life. This is born of an abundance mindset, which focuses on what you have that you can give to others.

If you want to succeed in life you have to get into the YOU mindset. When you give others what they need and want, you become a resource to them. The more value you are able to give others, the more of a premium others will be willing to pay for you as a resource.

Poor people have no herds. Millionaires have hundreds of people in their herd. The YOU mindset attracts more people to your herd. The bigger your herd, the more money and success you will realize in life.

Bragging is a Poor Habit. It’s a habit born out of insecurity and dishonesty. Avoid braggers at all costs. They are negative, toxic individuals who are accustomed to lying in order to get their way.

Successful people see right through braggers. And what they see is someone who is severely insecure and dishonest.

If you catch yourself bragging it’s a sign that you are functioning from a negative mindset. And negativity is the path to poverty.

Wealthy, successful people do not brag because they have a very positive perception of themselves and do not require any endorsement from others. Successful people let their success do the bragging for them. 

No one likes adversity. It’s disruptive. It’s stressful. It’s painful. And it’s harrowing.

But, without adversity there would be no learning. Without learning there would be no growth. And without growth there is no success.

Those who survive adversity become stronger because of it. Overcoming adversity makes you more confident. Anxiety and fear are replaced by your new confidence. That new confidence emboldens you, making you less fearful to take on new challenges. You earn that confidence only by facing adversity.

This is why it is so important to try. You must try. If you give into your fears and do not take action on your dreams and your goals you will never know what greatness is hidden away inside of you.

The furnace of adversity exposes the greatness inside you.

Ninety-five percent of the self-made millionaires in my Rich Habits Study said they made a habit of telling the truth. It was a habit they forged because they learned, the hard way, that spinning the truth ultimately cost them money.

Lying, even just once, can destroy a relationship in a moment. Think about that. You invest years in building a relationship with someone important and then, because of a lie, you send all of that investment in that relationship down the toilet. What a waste of time.

Telling the truth is a Rich Habit that must be forged on a daily basis. Those who lie, do not build long-lasting relationships with individuals who can open doors for you – success-minded individuals. Success-minded individuals don’t tolerate liars.  They toss them away, like yesterday’s trash. Once you lose their trust, you lose the relationship. Along with that lost trust, is lost money, as they take their business and their relationship elsewhere.

When you lie to someone, you open yourself up to unexpected consequences. The individual you lied to will almost always share their distrust of you with others. Lying creates a domino effect of negative consequences that makes success almost impossible.

Sometimes telling the truth can be painful. As a rule, most individuals would rather avoid confrontation. And sometimes telling the truth can result in confrontation. But it is better to deal with the discomfort of telling the truth then in dealing with the ramifications of telling a lie. Lies almost always come back to bite you when you least expect it.

Better to tell a hard truth than an easy lie.

You’ve met them. They are everywhere. One year they are obsessed with selling something unique over the Internet. The next year they are a mortgage broker. And the next year they’re consultants consulting on something. Every year they are onto something new and incredible.

These people are Fadchasers – individuals who suffer from Bright Shiny Object Syndrome, perpetually chasing some new business or some new money-making fad. They lock onto the latest, greatest money-making scheme they come across. A perfect example of this is Bitcoin. Bitcoin investing is the latest fad. Everyone is jumping on the Bitcoin wagon, hoping to strike it rich quick.

Unfortunately, as with all Fadchasers, after a few years of not making a “killing”, they lose interest, shut down their business and move onto something new. Fadchasers never become rich and successful because they don’t stick to anything long enough.

You can’t spend your life throwing mud at the wall to see what sticks. At some point you need to put a stake in the ground and commit to doing one thing and doing it until you become an expert in it. This takes many years, sometimes decades, perhaps even a lifetime.

According to my Rich Habits research, the true path towards success and riches is in finding something you like doing and then devoting the REST OF YOUR LIFE to it. Success requires commitment, persistence and consistency. It takes time. This path to success is not a fast, instant gratification path, but it is the surest path.

“A soft answer turns away wrath but grievous words stir up anger.” Proverbs 15:1

Ninety-three percent of the self-made millionaires in my study made a habit of not losing their temper. Why? Because anger prevents success. Here are some of my findings from my research regarding anger:

• People avoid individuals who are not able to control their anger. Anger destroys relationships and impairs your business.
• Anger also shuts down the prefrontal cortex and activates the amygdala, the negative emotion center of the brain. Thus, it temporarily blinds you to finding solutions to problems. You are unable to think your way out of stressful situations, which undermines your business.
• Anger results in bad decisions and poor choices.
• Anger exacerbates problems and fuels arguments. It is like adding kindling to a fire, expanding and growing the fire.
• Anger destroys relationships and destroy a marriage.
• Anger creates more stress. It elevates your levels of cortisol (stress hormone), which impairs the production of T-Cells (immune cells), leading to sickness and disease.
• Anger increases inflammation throughout the body, increasing the incidence of heart disease.
• Anger decreases your happiness and increases your unhappiness. It does the same for your relationships.
• Anger with employees tears down employees, destroying there self esteem, decreasing their productivity, which impairs your business.
• Angry people drink more and have more addictions.
• Angry people are not respected or admired. They are considered too impulsive and a danger to do business with.
• Anger destroys business partnerships.

One of the many secrets to success I found in my Rich Habits research was that positivity increases your chances to become rich and successful.

I have many studies in my Study Binder on Positivity. Here are some highlights regarding positivity:

• People want to develop relationships with positive, upbeat people.
• When you are in business, referrals come much easier to you if you possess a positive mindset.
• Positivity puts others at ease, relaxes them, soothes them.
• Positivity will inspire and motivate those who work for you – you get the best out of your employees.
• Positivity is a competitive advantage – customers, clients, patients will be reluctant to leave you for the competition.
• Positivity brings out the best in you.
• Positivity improves all of your relationships.
• Positivity infects others like a virus. One individual’s positivity can alter the mindset of a person with a negative mindset. Caveat: one individual’s negative mindset can alter the mindset of a positive person.
• People are more eager to follow positive people.
• People will run through walls for a positive leader or supervisor.
• Organizations with an upbeat, positive environment have many advantages: longer-term employees, higher creativity, stronger customer-base, better communication of ideas & solutions within the organization, higher sales and profits, more productivity, better able to overcome adversity and experience constant growth.
• Positive people stay married longer.
• Positive people suffer less from chronic stress – they have less anxiety.
• Positive people are much better at dealing with emergencies, unexpected consequences and other short-term stress events.
• Positive people are healthier – they have stronger immune systems.
• Positive people have longer telomeres, which translates into fewer diseases and a longer lifespan.
• Positive people exercise more frequently, making them healthier and more fit.
• Positive people are more open-minded and, thus, able to grow their IQ and knowledge-base, increasing their intelligence throughout their lives.
• Positive people are less judgmental of others which endears them to others.
• Positive people are not stuck in ideology and are thus more flexible in understanding the views of others, which makes others like them more and want to deal with them more.
• Positive people have more friends and a larger social network.
• Positive people are more creative.
• Positive people are better able to see solutions to problems, overcome obstacles and persevere in the face of adversity.
• Positive people make more money and accumulate more wealth during their lifetimes.