Please click on the link below:
How to get rich: Nine surprising habits of wealthy and successful people http://shr.gs/cAfOrmS
Develop the Habits to Create Opportunity Luck, Achieve Consistent Success, and Build Wealth
Please click on the link below:
How to get rich: Nine surprising habits of wealthy and successful people http://shr.gs/cAfOrmS
Most tend to think of habits as either good or bad behaviors. But, there are actually habits that are non-behaviors, or what I call Do-Nothing Habits:
Do-Nothing habits rob you of your time. If not kept in check, meaning if not done in moderation, Do-Nothing Habits become barriers that stand between you and success.
Awareness of your habits is the key to changing them. Become aware of your Do-Nothing Habits. For one week track how much time you spend on your Do-Nothing Habits.
Please click on the link below:
Money-Saving Tips from Self-Made Millionaires | Reader’s Digest: https://www.rd.com/advice/saving-money/money-saving-tips-from-self-made-millionaires/
“Give me six hours to cut down a tree, and I will spend the first four hours sharpening my axe.” – Abraham Lincoln
What sharpens your axe?
It’s an important question because it gets to the core of what is required in order to become rich and successful.
I have spent over a decade studying self-made millionaires. The one common denominator they all seemed to have were daily habits or daily routines that enabled them to sharpen their axe by consistent daily self-improvement.
Most of that improvement was related to their business, careers or vocation. But many of those self-improvement habits also included keeping fit and healthy and little secrets they deployed to build relationships with other rich , successful people.
Because I had a front row seat that allowed me to peer into the minutia of the daily lives of the rich and poor, I learned that those who were constantly sharpening their ax happened to also be the richest and most successful individuals.
So, in an effort to become rich, I took a page out of the book of these self-made millionaires and decided to create my own whetstone to sharpen my own axe.
For me, my whetstone is a proven process that has become my morning routine, or set of habits: [Read more…]
Please click on the link below:
What Rich People Never, Ever Do | Reader’s Digest: https://www.rd.com/advice/what-rich-people-never-do/
This is by far the best book review I have ever received on Rich Habits.
I listened to a past episode of Money Peach (www.moneypeach.com), where Tom Corley, the author of Rich Habits: The Daily Success Habits of Wealthy Individuals, was interviewed. If you’re interested, it is Episode 49 – Daily Rich Habits of Millionaires with Tom Corley.
I started the podcast not knowing what to expect. I’d never heard of Corley nor his book. This would later surprise me, because I thought of myself as a tuned-in reader, especially when it comes to personal finance books. I know I haven’t read all of them related to the subject, but I think I’m at least aware of them. Obviously, not.
The podcast blew me away.
Chris Peach interviewed Corley the way I would interview Sammy Hagar – with straight-up fanboy excitement. The interview was fun and informative and when it was over, I immediately bought the book.
When it arrived, I will admit to being taken aback by its size. It’s more of a booklet. I had to fight my immediate prejudice and remind myself of something I’ve talked with others about for years – the increasing size of books, both fiction and non-fiction, to justify the inflated pricing from publishers.
If you consider books from forty or fifty years ago most are 25% to 50% smaller than the books of today. They didn’t need as much fluff to tell a story or deliver a message. Today, you must pass a weight test to justify a $30 price tag for a new book. Why not cut out the fluff, deliver the message quickly and efficiently and charge a reasonable price?
That’s what Rich Habits does.
You can sit down and read this book in an uninterrupted hour.
Starting in 2004, and extending over the next five years, Corley interviewed hundreds of people, both wealthy and non-wealthy. He asked each person 144 questions each. It took sixteen months to turn that information into a usable spreadsheet. Then he wrote and self-published Rich Habits.
Nothing happened, though. For three years, the book never took off. Therefore, Corley shifted gears and wrote articles that would add value to people’s lives. These articles were pitched to the media.
In 2013, Yahoo picked up one article and later interviewed Corley. That moment changed everything as Dave Ramsey noticed the article and mentioned it on his show. He also mentioned Corley’s book and it blew up after that.
Let’s be honest. Who wouldn’t want Dave Ramsey to mention their book or blog on his show? I know I would!
The Hole in My Swing
I won’t walk you through the various habits as I believe that takes from the power of the book and I really believe you should read it. Like I said before, it will take you less than an hour, so do it!
However, I will say a couple things.
I was surprised at how many of the rich habits I have managed to adopt over the past several years since my financial awakening. It’s taken a lot of other books and paying attention to the habits of my wealthier clients, but I developed several of these habits now.
When I saw those habits written down as characteristics of the wealthy, I became exited. Oh, man, was I stoked. I’m on my way, I figured. This book was going to be an affirmation of the things I’m doing right. Kudos for me, right?
Fortunately, I found out there were habits I was missing out on.
I say fortunately because I don’t need to be patted on the head and told I’m doing okay. To use a baseball analogy, if there is a hole in my swing it needs to be pointed out so some wily pitcher doesn’t continue to throw high, inside fastballs past me.
That’s what this book did.
There are two things it pointed out that I’m not doing well compared to the average rich person.
First, the rich place a value on their health and go out of their way to take time to exercise. I think I’m a fairly healthy guy with emphasis on fairly. I’m a ‘stop and go’ type of work out person. I’ll work out for six months to a year, take a break and then start over at the beginning. It’s always painful to do start over (maybe some of you have experienced this). When I work out, it’s so intense that I then burn myself out. For some reason, I haven’t learned how to do this with moderation.
Rich Habits – The Daily Success Habits of Wealthy Individuals
By Thomas C. Corley
This is something I need to pay attention to. Even 30 minutes a day would be better than what I’m doing now. Thirty minutes a day, six days a week, is three hours of exercise. No one would fault me for that. However, I always feel thirty minutes is too short. It needs to be an hour or longer – every day. And then I burn out.
The second thing I discovered from reading Rich Habits is that the wealthy foster relationships. Corley explains it in the book but went even further in depth on the podcast. If you haven’t listened to it yet. Do so. You won’t regret it.
Anyway, I’ve realized later in my life that I’m sort of terrible at long-term relationships. I must work and pay attention to them. It’s been this way my whole life. I believe it stems from my childhood. When I was a kid, my family moved around a lot and I was in four different elementary schools before moving to new school districts for both junior high and high school. That’s a lot of schools for a kid. Follow that up with a stint in the military and you get a personality that doesn’t foster relationships because I believe people move in and out of your life. Except they don’t, if you pay attention to the relationships.
I’m an adult and have been in the same city now since essentially for a quarter of a century. I can’t use the excuse of people moving any longer. I need to stop hiding behind that excuse and force myself to establish meaningful relationships with successful people.
With relationships, I know I’m often task-oriented. I focus on what must happen now. Is it done? Good. Let’s move on. This is the same with work as it is inviting a friend out for a beer. Boom. Done. Let’s go.
I’m not good at just picking up the phone and calling to see how someone is doing. In fact, I’m down right terrible at it.
How I run my business isn’t bad. I’ve been successful at it, but there’s obviously something missing in how I sustain relationships.
Rich Habits is one of those books that is worth picking up again just to quickly read through and remind yourself of average habits of the rich. It’s like The Millionaire Next Door, but you can quickly digest it when you find an open hour in your schedule.
Daily exercise, reading to learn every day, making happy birthday calls – these are all good addictions. Drugs, gambling, spending more than you earn – these are all bad addictions.
Addictions go by another name – habits.
The brain likes addictions/habits because addictions/habits save the brain from work and help to conserve brain fuel (glucose and keytones). So, naturally, the brain seeks to create addictions/habits. It does this by rewarding your with certain feel-good neurotransmitters like dopamine, serotonin and endorphins.
So, through the release of these feel-good neurotransmitters, the brain entices you to become addicted or forge habits. [Read more…]
Author who studies millionaires: Here’s how mentors fast-track success https://cnb.cx/2HtCtBW
Learning to read, was once a challenge. Now you can do it without much thought or effort.
Riding a bike, initially, was somewhat frightening, as you struggled to maintain your balance without tipping over. Now you can even ride without holding the handlebars.
If you know how to swim, you probably remember how difficult it was in the beginning.
Remember that first day at the new job? Almost everything was a challenge. New tasks, new people to figure out. Now you can do your job with ease and many of those new people have become some of your longest and strongest relationships. Maybe even good friends.
All of life’s new challenges eventually become routine things. And once they become routine, they become part of your comfort zone.
Your comfort zone is like a circle. Everything inside that circle represents those things you are able to do without feeling challenged or stressed. Everything you’ve mastered in life, every skill, every know-how, all of your learning, lives with you inside your circle.
Your comfort zone circle, however, is only as large as the challenges you take on in life. The more challenges, the bigger your circle.
Some people have really big circles. They’re called successful entrepreneurs, virtuosos and experts.
You see, right outside your comfort zone is where success likes to hide. And it will keep hiding until your circle becomes too large and it runs out of hiding places. Then it must join you inside your circle.
Embrace new challenges. Welcome them. Seek them out. Continue to expand your circle and eventually success will become your roommate.
Happy to announce that two of my books – Rich Habits and Change Your Habits Change Your Life will soon be in bookstores throughout mainland China.
China South Publishing & Media Group Co., Ltd, the sixth largest publisher in the world, is the publisher.
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Bestselling Author, Speaker, Media Contributor
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The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Some of this material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named representative, broker – dealer, state – or SEC – registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.
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