Archives for January 2018

Rich People Avoid Poor People – Here’s Why

Tom Corley boats - crop

Are you happy or unhappy?

Are you successful or struggling?

Are you upbeat, positive and enthusiastic about your life?

Or, are you too often pessimistic and down about your life?

Who you associate with on a regular basis determines the circumstances of your life.

The average person unconsciously chooses their friends, their boss, their spouse or their significant other. They unknowingly seek out individuals who they feel comfortable with and then they wind up surrounding themselves with those similar people. Their associations all have similar habits, similar mental outlooks, a similar work ethic, and many other shared traits.

It’s the birds of a feather flock together maxim. And, as I said, for the average individual, it’s all happening unconsciously.

In my extensive research for my book Change Your Habits Change Your Life, I found that one of the hallmarks of wealthy, successful people was their ability to somehow break free of this human tendency to unconsciously forge relationships with others.

According to my Rich Habits research, the self-made rich, long before they became rich, made an intentional, conscious effort to only forge relationships with individuals they aspired to be – other rich and successful people.

The poor, conversely, unconsciously forged relationships with other poor people.

But, there’s no need to blindly forge relationships that drag you down in life. You can choose those relationships that will lift you up and you can choose to avoid those relationships that drag you down.

You can choose to be rich, by choosing who you associate with.

In order for you to know who to associate with, however, you must first know what to look for.

Rich Relationship have one or more of the following traits: [Read more…]

When You Lack Passion & Purpose – Everything is Work

tip-o-the-morning

Tom Corley boats - cropAccording to a 2012 survey conducted by “Big 4” accounting firm Deloitte, 80% of those surveyed did not like their jobs. In another survey conducted by Gallup in 2013, 63% of the 230,000 employees in the survey said they were unhappy with their jobs.

Job dissatisfaction is driven by a number of factors:

  1. No Direction – You have no idea where you are going in life. Your job has no purpose other than to provide a paycheck. It does not lead anywhere. It’s a dead-end job. When you can visualize where you want to be in say five or ten year’s, you will eventually find a job that helps you get there.
  2. No Plan – Because you have no direction, you have no plan. Without any plan you are floating around like leaves on a fall day. You allow the wind to blow you from job to job. The solution is to define what you want to do in life and then develop a plan that will get you there.
  3. No Passion – You’re not good at what you do and you’re not good at what you do because you lack passion. As a result, you put in the bare minimum at work – enough to keep you from getting fired. When you do not do your best, when you don’t give it 100%, you feel dissatisfied. The solution is to find your innate talents or something you are passionate about. This requires experimentation – experimenting with different income-produing activities. Through experimentation, you will eventually find something you enjoy doing and you will devote significant hours to it, until you become expert in it.
  4. Wrong Wall – Your Ladder is on Someone Else’s Wall – You only excel when you pursue your own goals and your own dreams. When you pursue the dreams and goals of your parents or some influencer in your life, you are pursuing their dreams and goals. Your dissatisfaction is the result of not doing what you should be doing in life. You need to put your own ladder on your own wall.

When you find your passion and purpose in life, work ceases to be work. It changes from drudgery to pleasure. Your mindset shifts from negative to positive. Your work-life takes on new meaning. You feel you are doing something you were born to do. And this leads to happiness, mastery and, in time, more money and the accumulation of wealth.

My Interview Inspired Parent Interview

 

 

Lucky Habits

tip-o-the-morning

Tom Corley boats - crop

Successful people do certain things every day that act like a magnet, attracting luck into their lives:

  1. Experiment With New Things – When you experiment with new things you are able to find some innate talent or passion you did not know you possessed.
  2. Expect Success – A positive outlook enables you to see opportunities and solutions to problems.
  3. Seek Out Silver Linings – Even in failure and after mistakes, there is always some new knowledge to be gained; knowledge that can lead to success. Successful people are constantly on the lookout for the good even in the bad.
  4. Listen to Your Subconscious – Intuition is the means by which the subconscious mind communicates knowledge to the conscious mind.
  5. Interact With Successful People – Interacting with those who are successful or who are pursuing success can help you uncover new knowledge or solutions to problems/obstacles that plague you. Seek out seminars, conferences, or any group whose members are success-minded.
  6. Pursue Some Dream or Big Goal – You gain knowledge from pursuing a dream or big goal; knowledge that will help you succeed later in life.

Rich Habits Poor Habits Episode 54 | Becoming Rich Means Taking Risk or Making Sacrifices

There are four ways to become rich:

  1. Live Below Your Means
  2. Expand Your Means
  3. Do Both
  4. Getting Lucky

Living Below Your Means

Living below your means and investing your savings prudently is the only guaranteed way to become rich.

But, this approach requires enormous sacrifices – you must manage your spending your entire life and that requires making sacrifices: small house in an inexpensive neighborhood, no vacations, no restaurants, no kids. Woman Spending Too Much Money For Shop

If you do have kids your kids are forced to sacrifice along with you.

They have to buy their own stuff: iPhones, movie tickets, toys, cars, college education, etc.

Most are unwilling to make those sacrifices.

We want the nice home in the safe neighborhood, we want the nice vacations, we want to give our kids their iPhones and a college education.

So, for the vast majority, living below your means requires too much sacrifice.

But, for those willing to make the sacrifice, wealth is virtually guaranteed.

So, the question is, how bad do you want to be rich? Is being rich so important to you that you are willing to make the sacrifices that are required?

Expand Your Means   Tired Man Working On Digital Device

Expanding your means usually requires taking on risk and working long hours, by pursuing a dream or starting a business.

According to my research and many other studies on wealth creation, about 80% of the multi-millionaires and billionaires make their money this way.

The upside is enormous wealth where everyone in your family benefits from your risk taking and hard work.

The downsides include time away from family due to long work hours or poverty, you could fail.

Doing Both

Living below your means and expanding your means requires the most sacrifice.

Getting Lucky

Getting lucky means you fall into money somehow without any real effort. lottery-ticket-win-luck-gamble-odds

Examples of this are big gambling wins such as hitting the lottery, the slots, horses, etc.

Or, you you inherit your wealth – you’re born into a rich family or inherit money from a parent, grandparent, aunt, uncle, brother or sister.

The reason so many gamble is because they are unwilling to make the long-term sacrifices required.

Almost everyone wants to be rich, but they want that wealth without having to take on risk, work long hours, or make sacrifices for themselves or their family.

Becoming rich is not easy

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