Archives for February 2020

The short, obvious answer is yes. So many poor people have become rich, it could fill a ten volume encyclopedia set.

In fact, 41% of the self-made millionaires in my Rich Habits Study came from poverty.

So how’d they do it? What changes did they have to make to their lives which enabled them to climb out of poverty? And what can the average poor person do to break free from poverty?

Change Your Wealth Ideology

When you’re poor, your ideology about wealth is all screwed up. Most poor people are raised to hate or despise the rich. They see the rich as exploitative, greedy, selfish, evil-doers. And, unfortunately, the public school system does little to change that school of thought in their students. In fact, the public school system is engineered to foster mediocrity by focusing most of its resources in teaching students to be good employees and not good entrepreneurs.

The ideology of the rich can be summed up in one word – Positivity.

Those who become wealthy are rich in optimism. They have an upbeat, enthusiastic, can-do mindset. They are filled with hope for a better future. They see themselves as the masters of their own fate. Self-determination empowers them to alter the circumstances of their lives.

Change Your Habits

When you’re raised in poverty you are exposed to bad habits, or Poor Habits. Poor Habits are destructive habits which drag you down. They drag you down financially, emotionally and physically, via poor health. It’s not happenstance that America’s poor are the demographic with the greatest levels of obesity and poor health – bad health habits are to blame.

Change Your Inner Circle

When you’re poor, most everyone you know is poor. Your inner circle is made up of mostly poor people. Since poor people can’t help you to become rich, you need to change who you associate with. But how do you find rich people who can help pull you out of poverty?

Find prominent local, community-based non-profits and start to volunteer. Most of the people who run the boards of those non-profits are the most successful and wealthiest individuals in the community. it may take a few years to build relationships with these wealthy board members but once you gain their trust, they will open up their Rolodex to you. With one phone call they can get you or a family member a job or a better, higher-paying job.

Tools to help you build relationships with rich people –   https://richhabits.net/power-relationships-are-the-currency-of-the-wealthy/

Change Yourself

Self-improvement must become a daily habit. You must become more knowledgeable and/or more skilled. Devote one hour a day to self-improvement. If you don’t hate what you do for a living, then focus on becoming better at what you do for a living. If you hate your job, then experiment with different activities that could be monetized. When you find one you like, then on the side, during your off time, grow your knowledge and/or skill sets with respect to that activity. Eventually you’ll become proficient and can begin working in that industry.

My mission is to share my unique Rich Habits research in order to you realize your dreams and achieve your goals. If you find value in these articles, please share them with your inner circle and encourage them to Subscribe. No one succeeds on their own. Thank You!

There’s great risk in trying. You could fail. You could lose your life savings.

But, until you try, you will never know what you’re truly capable of. Greatness reveals itself when you are tested, when your back is up against the wall, when survival is all that matters.

For those who have tried, on your deathbed, will you regret that you went for it and failed? Or, will you think, “At least I tried.”

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I was afraid when I tried

So much on the line

But I overcame my fright

And tried with all my might

If I fail, I will know

That I gave it a go

What is life, after all?

But taking a leap, knowing you could fall

When you’re old and near death

Closing in on your final breath

You can look to the sky

And say, At Least I Tried.

My mission is to share my unique Rich Habits research in order to you realize your dreams and achieve your goals. If you find value in these articles, please share them with your inner circle and encourage them to Subscribe. No one succeeds on their own. Thank You!

My mission is to share my unique Rich Habits research in order to you realize your dreams and achieve your goals. If you find value in these articles, please share them with your inner circle and encourage them to Subscribe. No one succeeds on their own. Thank You!

When you think of wealth, what comes to mind?

Over the course of 5 years I interviewed 233 millionaires in order to better understand wealth – specifically, what it is and how it’s made.

What is inescapable, is that when ordinary people think about wealth, they automatically think about money. Any discussion about wealth, therefore, leads to a discussion about money.

So, if wealth and money are interchangeable, what then is money? 

Contrary to what you may believe, money is not merely a currency, like the dollar bill. There are three characteristics of money:

1. Unit of Account
2. Medium of Exchange and
3. Store of Value

At its core, money is a token or symbol built on trust, that facilitates an exchange of one’s products or services for that token or symbol. Historically, that trust has been forged by virtue of the backing of government entities.

Enter The Bank of England

As the world population grew and trade expanded, trade, via barter, became too complicated. A better, more efficient system was needed, in order for world trade to continue to grow.

Initially, letters of credit, backed by certain financial institutions, functioned as a form of currency. But, not everyone qualified for those letters of credit.

In 1694, in order to help England build a fleet of boats as a counterweight to France’s dominance of the seas, King William III backed the creation of the Bank of England (BOE).

BOE was a privately-owned enterprise. It lent $1.2 million to the King so he could build his fleet of boats.

BOE created paper banknotes against that debt and then issued those banknotes to the public and merchants in exchange for gold, valuables, letters of credit, etc. What gave those $1.2 million in banknotes real value, was the fact that the King agreed to accept the banknotes in payment of taxes.

BOE had, in effect, been given a license to print money that was backed by England (the government/Crown). This newly created form of paper money, endorsed by the government/Crown of England, also permitted, for the first time in history, fractional-reserve banking and, with that, the dawn of modern banking was born.

Fractional-reserve banking allows a bank to hold, in reserve. a small percentage of currency to meet the demands of its depositors, who in effect, are lending their money to the bank.

For example, if Tom Corley and 1,000 other depositors deposited $1 million into Bank XYZ (lent $1 million to Bank XYZ), under the fractional-reserve system, Bank XYZ would only be required to keep, say $75,000, in currency (reserve) in order to meet the future withdrawal demands of Tom Corley or any of its other 1,000 depositors. It could then lend out $925,000 ($1 million less $75,000 held in reserve by the bank).

This system ushered in an explosion in world trade and helped fund the Industrial Revolution. It completely changed the way the world did business.

Enter Bitcoin – A New Form of Money

During the throes of the 2008 financial crisis, Bitcoin was born. That financial crisis took down the global financial system. The flow of money came to a standstill.

The libertarian cryptocurrency underground took notice. And their response to the world’s flawed centralized financial system, was Bitcoin.

Bitcoin runs over a network of computers that belong to many people, spread out across the globe, who are collectively charged with maintaining and validating its ledger of accounts.

No government, no banks, no financial institutions, no middlemen. Just like-minded people with computers, Gorrilla-glued together with a common purpose – to create a financial system that was independent and decentralized.

The mechanism for validating that ledger is something called Blockchain.

Blockchain is encrypted software, or an algorithm. Thousands of individual computer systems must all validate each transaction that occurs on the Bitcoin Blockchain ledger. Because that validation process is foolproof, meaning always 100% accurate, it has slowly built trust for those who use it.

This trust in Bitcoin represents a counterweight to the need for traditional currencies backed or guaranteed by a government entity and run by a complex labyrinth of financial partners that, together, represent the global financial system.

Slowly, Bitcoin has become a new token or symbol built on trust to facilitate an exchange of one’s products or services for that token or symbol.

In other words, Bitcoin has become a form or currency, or, if you like, money.

If that trust continues to grow, so too will Bitcoin and other cryptocurrencies using Blockchain’s trust-building algorithm.

And, if that happens, the world’s financial system, as we know it, will drastically change. Money, will no longer be the sole province of individual governments and the centralized financial system supporting it.

Bitcoin is changing our perception of money because it is changing the very nature of money.

It may be the most important technological advancement since the birth of the Internet. If Bitcoin, or some other cryptocurrency is embraced by the citizens of the world, it could force governments to intervene in order to preserve the current government-backed financial system.

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Full Disclosure – Thank you Paul Vigna and Michael Casey for writing your amazing book on Cryptocurrency. I found it invaluable and very informative, particularly for this article. Here’s a link to the book: The Age of Cryptocurrency

My mission is to share my unique research in order to help others realize their dreams and achieve their goals. If you find value in these articles, please share them with your inner circle and encourage them to Subscribe. Thank You!

There are only a handful of self-made millionaires for every hundred people.

If you know any self-made millionaires take notice. They always seem to be in perpetual motion, coming and going from somewhere: seminars, speaking engagements, meetings, training, networking events, charity events, etc.

One other thing you’ll notice is that they’re usually not alone. They seem to always have people orbiting around them: members of their team, business associates, partners, advisors, fellow non-profit board members, etc.

Their motion is intentional. These self-made millionaires are perpetually in motion because they are pursuing various dreams, goals and priorities (AKA Values). Their focused actions are part of their life plan.

One of the trademarks of those who seem to be stuck in poverty or the middle-class is that they have no plan and no direction in life. When you lack direction, when you don’t have a plan, your default plan becomes inactivity.

Having a plan means pursuing your dreams and the goals behind each one of those dreams.

Find some time today to script out your ideal future life; a vision for your ideal, perfect life. Then, bullet point each one of the dreams that are embedded within your script. When you are done, sleep on it. Your old brain (your subconscious – limbic system and brain stem) will immediately go to work, while you sleep, trying to figure out a way to help you realize those dreams and goals.

Keep tweaking and reading your script every night, right before you go to sleep. Your old brain will start to communicate with your new brain (your conscious – neocortex) while you sleep. In time, your old brain will inform your new brain when it has stumbled upon something that will help you with your dreams and goals.

This communication comes to you in the form of intuition, or gut feelings.

Through intuition, your old brain will begin feeding your new brain with ideas, solutions and opportunities.

The more you focus on your ideal future life, the more ideas, solutions and opportunities you’ll be fed. These ideas and solutions are the actions your powerful subconscious instructs you to take in order to realize your dreams and achieve your goals. Action is embodied in the goals you will need to achieve in order to transform each one of your dreams into reality.

It’s time to get unstuck. Script your ideal future life today. This will enable you to tap the amazing powers of your subconscious mind. It will go to work, behind the scenes, to bring clarity to the action (goals) you must take in order to transform each one of your dreams into reality.

My mission is to share my unique research in order to help others realize their dreams and achieve their goals. If you find value in these articles, please share them with your inner circle and encourage them to Subscribe. Thank You!

I could share all of the Rich Habits, success tips, wealth advice, health research, etc. with everyone in the world and still only a small percentage would take action.

Why?

Because change is hard and only a small percentage will make the effort to change what needs to be changed in order for the circumstances of their lives to improve.

Why are so few unwilling to do the work in order to change the circumstances of their lives?

There are a number of reasons, actually.

Reason #1 Rock Bottom

Some people need to hit rock bottom before they will do what needs to be done. When you hit rock bottom, that usually means one of two things have happened:

1. Those who love and care about you have given you an ultimatum. Ignore it and they will abandon you, leaving you all alone.
2. Those who love and care about you have abandoned you. You’re on your own.

Reason #2 Need External Motivation

Some people need external motivation. This external source could be a person, a book, a movie, a seminar, a blog post or even a podcast. Tony Robbins butters his bread thanks to this group of people.

Reason #3 Need a Mentor

Some people need to be pushed into action by someone they highly respect and admire. This could be a parent, spouse, child, boss, grandparent, friend, etc.

If you choose to wait to hit rock bottom, or for some external influence to motivate you or for that influential someone to come along, you could be waiting a long time. If that internal or external motivation to change never manifests itself, change is impossible.

So, what can you do?

You need to become the CEO of your life. You need to take control over your life. Here are some tools/ideas to help you do that.

Dream-Setting

Dream-Setting is a four-step process that will light your imagination on fire and get you motivated to change your life. Here’s the process:

1. Create a Script of Your Ideal Future Life – Pretend it is ten years into the future and you are writing in your journal. Describe in detail every amazing thing about this ideal, future life of yours. Also, describe your journey over the past ten years – Exactly what happened over the past ten years? Shoot for 500-1,000 words.
2. Identify Each Dream – Define each specific dream that is a component of your ideal, future life.
3. Create Goals Around Each Dream – Build individual goals around each dream. In order to realize a given dream, it may require that you accomplish numerous goals. Once you accomplish those goals, your dream will be realized. Think of each dream as a rung on a ladder. Every time you realize a dream, you climb that ladder, dream by dream, until you reach the top. At that top sits your ideal, future life.
4. Create Habits Around Your Goals – The final step requires that you forge daily habits (goal habits) that, when accomplished each day, brings you closer to achieving each individual goal.

Experiment With New Activities

When you feel stuck and lack motivation, oftentimes it is because you don’t know how to unstuck yourself. Experimentation is the solution.

When you experiment with new activities, you will eventually stumble upon an activity you really enjoy; an activity that puts you in a State of Flow. The State of Flow is triggered when you are doing something you love. It is also triggered when any new activity comes easier to you than it does for others.

When you love doing something, the brain notifies you by releasing dopamine. That dopamine explosion is the brain’s neon sign that you may have found an innate talent.

When you are in a State of Flow, you are able to focus for many hours on something without taking a break. And when you do have to break from the activity, your find yourself constantly thinking about that activity. That State of Flow is another neon sign that you may have unearthed an innate talent.

We all have innate talents that are unique to each one of us. Your innate talents were hardwired into your DNA the moment you were conceived. Those who discover their innate talent, never have to work another day in their lives because they enjoy their “work” so much.

Find a Mentor

Mentors are individuals who actively steer you in the right direction. Mentors teach you what to do and what not to do. They are sounding boards for the decision you have to make. Mentor keep you motivated because they care about you. And because they care, they are the best accountability partners you can have.

Finding a mentor is not easy. For most, the only shot at having a mentor is a parent. When parents fail in the mentoring department, it’s up to you to find a mentor.

And mentors are everywhere. They are at work. They are on boards of local, community non-profits. They can be found in books, on podcasts, watching TEDx or YouTube videos.

Don’t wait for motivation to change.

Make the pursuit of change a daily habit.

My mission is to share my unique research in order to help others realize their dreams and achieve their goals. If you find value in these articles, please share them with your inner circle and encourage them to Subscribe. Thank You!

I became an entrepreneur so that I could become a multi-millionaire.

But why did I want to become a multi-millionaire? It took some time and much soul-searching. But eventually I realized there were five driving forces behind my desire to become wealthy:

1. Freedom – When you are truly wealthy, you don’t have to work. You choose to work because you want to work or like to work.
2. Family – When you are rich, you can send your kids to college, without saddling them with debt. When you are rich, you can help your children pay for their weddings. When you are rich, you can help your children with a down payment on their first home. When you are rich you can become a safety net for your children if something catostrophic happens to them.
3. Charity – I am President of the Ashley Lauren Foundation, an organization that help families struggling with Pediatric Cancer. As a multi-millionaire, I would be able to give my organization more money so we could keep more families in their homes and financially worry-free, allowing them to focus on one thing – keeping their child alive.
4. Friends – When you are rich, you can help friends who are going through difficult times.
5. Position of Power Decisions – When you are wealthy, you make decisions from a position of power and not weakness. Position of Power Decisions are ones that help you thrive. Position of Weakness Decisions are ones that help you survive.

So, I had five Why’s that drove me to become a wealthy entrepreneur.

Why do you want to become rich?

What will wealth help you to do that you are currently unable to do?

Your answers are your WHY.

Your WHY puts all of your dreams and goals within reach. Your WHY must have powerful emotions behind it: happiness for you or your family, to get healthy, to leave your mark on life (legacy), to help improves the lives of the poor, children, battered women, the addicted, the homeless, society, to teach something profound, etc.

If your WHY does not get you emotional, then you will eventually stop pursuing your dreams and goals.

Willpower alone will only get you so far.

Passion fuels achievement. And the right WHY unleashes your passion.

My mission is to share my unique research in order to help others realize their dreams and achieve their goals. If you find value in these articles, please share them with your inner circle and encourage them to Subscribe. Thank You!

Back in 2004, I began to research why the rich were rich and why the poor were poor. When I began my Rich Habits research, I hated rich people. I had some entrenched negative beliefs about the wealthy that I inherited from my upbringing.

As I learned more about the drivers behind wealth and poverty, however, my perception flipped 180 degrees. Instead of hating the rich, I grew to admire them. The self-made rich became real-life heroes to me.

Here are 8 lies I was taught to believe about the rich:

Lie #1: Rich People Inherited Their Money

“Old money”. That’s what I used to hear growing up. The rich were rich because of old money.

Boy, is that a myth.

In my study, 76% of the wealthy in my study did not inherit anything. Nada, zip, zero. Of this 76%, 31% came from poor households and 45% came from middle class households. The annual Wealth X survey seems to peg the self-made percentage at anywhere from 75% – 84%, depending on the year of the survey.

Only 24% of the rich in my study, were raised in wealthy households and inherited their wealth. So, no – the overwhelming majority of the rich are self-made. Which, by the way, is a very good thing because it means most of the wealthy come from poverty or the middle-class.

Lie #2: Rich People Don’t Have to Work Hard

According to my Rich Habits study, one of the reasons the wealthy accumulated so much wealth was due to the fact that they worked more hours than those who were not rich. Here’s some of the data:

• 44% of the wealthy worked 11 hours more each week than the poor.
• 86% of the wealthy who had full time jobs, worked 50 hours or more each week, whereas 57% of the poor who had full-time jobs, worked less than 50 hours each week.
• 88% of the wealthy took fewer sick days than the poor.
• 79% of the wealthy, on top of their extended work hours, networked 5 or more hours each month. 55% of this networking was done during their lunch hour.
• 65% of the wealthy were working so many hours, in part, because they had 3 sources of income to manage. 45% had 4 sources of income. Only 6% of the poor had more than one source of income.
• 67% of the wealthy watched less than an hour of T.V. a day, whereas 77% of the poor watched more than an hour of T.V. a day.
• 63% of the wealthy spent less than an hour a day on the Internet. 74% of the poor spent more than an hour a day on the Internet.

I initially thought this disparity in work hours, between the rich and the poor, was due to the fact that 91% of the wealthy in my study were decision makers, which carries with it more responsibility and, thus, more work hours.

But that’s not the case.

According to the Census Bureau, the average wealthy household (defined by the IRS as the top 20% of income earners in the U.S.) worked five times as many hours as the average poor household. The cause? Single-parent households and high unemployment among poor households.

Lie #3: Rich People Pay Less in Income Tax than Everyone Else

According to the IRS, the income tax rate for the top 1% of earners in the U.S. is 22.83% whereas, the top 50% of income earners in the U.S. pay 14.33%. The bottom 50% of income earners in the U.S. pay just 3%. The top 1% of income earners in the U.S. pay 45.7% of the entire 100% of income tax collected by the IRS. 1% are carrying nearly 46% of the tax bucket for the other 99%.

If anyone can make a case about the unfairness of our tax system, it’s the rich. They carry far too much of the tax burden, in America at least.

Lie #4: The Rich Are Rich Because They Just Got Lucky

Only 8% of the self-made millionaires in my study said they accumulated their wealth because of dumb luck. But, interestingly, the remaining 92% did acknowledge that luck was critical to the accumulation of wealth. However, it was a different type of luck that I gave a name to – “Opportunity Luck”.

Opportunity Luck is a special, unique type of luck that is the byproduct of hard work, persistence, Rich Relationships and habits. This 92% in my Rich Habits Study simply never quit on themselves, their goals and their dreams. They persevered through enormous adversity and, sometimes great risk. They danced on a razor blade that separated success from bankruptcy. They refused to surrender. They survived until they could thrive.

And even for those who did fail (27% of the self-made millionaires in my study failed at least once in business), they picked themselves up, figured out what went wrong and tried again.

Lie #5: The Rich Are Better Educated

Thirty-six percent of the self-made millionaires in my study never obtained a college degree.

Of those who got a college degree, 46% of them paid their own way through college and 23% of them went to college part-time, while they worked.

Lie #6: Rich People Are Not Charitable and Hate Poor People

I was raised to believe that the wealthy were selfish and greedy with their money. I was raised to believe that the rich despised poor people.

Wrong on both counts.

Sixty-two percent of the wealthy in my Rich Habits Study said they contributed 10% or more of their net income to charity. Many of the charities they supported included local, community food banks, homeless shelters, means-based scholarship programs and organizations that benefited poor children.

And they didn’t stop there.

Seventy-two percent volunteered five hours or more a month for some charity. Their volunteer work included helping to run the charities, either through board membership, or as part of the various committees.

Lie #7: Money Does Not Buy Happiness

I must have heard my mom say this a thousand times growing up. I just assumed that rich people were miserable people.

Another lie.

Eighty-two percent of the wealthy in my study said they were happy. Ninety-four percent of those who were happy, said they were happy because they liked or loved what they did for a living.

Lie #8: Rich People Live Extravagant Lifestyles

Whenever I thought about the extravagant lifestyles of the wealthy, I envisioned private jets, yachts, luxurious vacations, expensive cars, etc.

Wrong again.

Fortunately, I gathered a great deal of data on the spending habits of the rich. Here’s some of that data:

• 67% said they were frugal with their money.
• 8% still shopped at goodwill stores.
• 30% clipped coupons.
• 92% never vacationed on a yacht.
• 55% of the wealthy spent less than $6,000 a year on their vacations. Only 23% admitted to spending $10,000 or more on their annual vacations. Most of those 23% were those who inherited their wealth.
• 87% said they never purchased a new luxury car in their lives.
• 44% said they purchase a used car every five years.

It’s easy to hate the wealthy.

Most in our country grew up poor or middle class and far too many were indoctrinated with the belief that the wealthy are corrupt, evil people. And the media, for some reason, loves to pile on the rich whenever one of its members, like Bernie Madoff, does something despicable.

But the real problem is with parents, the public school system and politicians who bash the rich as corrupt and greedy.

Parents do this out of ignorance, which I’m trying to correct through my research, my books, my blog and my media interviews.

But the public school system and politicians bash the rich because they have their own separate agendas.

The public school agenda is to raise children to be working class employees – worker bees.

The politicians agenda is to soak the rich through higher taxes and then to use the money they collect from the rich in order to wield power over the poor through paltry, ineffective entitlement programs. Politicians need poor people. The more poor people they can make dependent on government, the more power they have over them.

What kind of a message do you think bashing the rich sends to the next generation?

It is teaching them that the pursuit of financial success is a bad thing.

The fact is, the rich are rich for a lot of reasons. And most of those reasons have to do with hard work, persistence, taking educated risks, good habits, good decision-making, being frugal with their money, living below their means and building strong, powerful relationships with decision-makers who can open doors with a phone call.

My mission is to share my unique research in order to help others realize their dreams and achieve their goals. If you find value in these articles, please share them with your inner circle and encourage them to Subscribe. Thank You!

Most people have been misled to believe that self-made millionaires are endowed with some discipline-superpower that renders them immune to failure and adversity and supercharges them with incredible grit, determination and perseverance.

That, I learned from my Rich Habits research is patently false.

Self-made millionaires have no more discipline than anyone else.

Self-discipline is powered by willpower. Willpower, however, is short-lived. No matter how strong you grow your willpower muscle, it will still fade away after just a few short hours.

But self-made millionaires do have something else, far more effective than willpower, which empowered them to overcome mistakes, adversity, failure and obstacles.

What is this special something?

Rich Habits.

Self-made millionaires forge certain unique habits which automate grit, raw determination, perseverance ….. and good luck.

This is why developing good habits is so crucial to success. Good habits put you on autopilot for success – they automate grit, determination persistence and good luck – crucial ingredients to creating success and building wealth.

Successful people create their own unique version of good luck I call Opportunity Luck. They create this luck by forging Good Luck Habits.

The Good Luck Habits of Self-Made Millionaires

• Take Only Educated Risks – When you do your homework for potential investments and understand every conceivable outcome, you are engaging in Educated Risk. Educated Risk takes the “Risk” out of investing.
• Rich Relationship Habits – Building relationships with other upbeat, success-minded individuals was a common habit among the self-made millionaires in my Rich Habits Study. Why? Because wealthy, successful people are door openers – they can, with a phone call, put you in front of the person who can help you achieve your goals and dreams in life.
• Hello Call, Happy Birthday Call, Life Event Call – These phone calls help build and maintain important relationships.
• Volunteering five hours or more a month – Many of the self-made millionaires in my study had a pet non-profit that they devoted their time to. In many cases, they were the decision-makers on the boards of these non-profits. Volunteering puts you in direct contact with these decision makers.
• Growth Habits – These are habits that keep you growing in knowledge and skills.
• Reading to learn 30 minutes or more every day – Help you grow in knowledge.
• Deliberate Practice and Analytical Practice three hours or more a day – Helps you become a Virtuoso in what you do to earn your income.
• Good Health Habits – These are habits which maintain or improve your health. It’s hard to build wealth from a hospital bed. Good health habits reduce sick days and boost productivity.
• Eating healthy non-processed foods – Keeps you healthy and productive.
• Exercising aerobically every day – Improves brain performance, boosts longevity and gives you more energy.
• Anaerobic exercise three days a week – Improves brain performance, boosts longevity and gives you more energy.
• Sleeping 7-8 hours a day – Sleep cleans the brain, re-sets your emotional equilibrium and boosts optimism.
• Daily Goal Habits – Daily habits tied to your goals and your dreams.
• Save 20% or More of Your Income – You can’t invest if you don’t have any savings. You can’t take advantage of financial opportunities if you don’t have any savings.
• Optimism Habits – Habits which foster a positive outlook on life.
• Gratitude – Gratitude is the gateway to a positive mental outlook. Positivity boosts optimism, which is critical to success.
• Meditation – Calms the mind and reduces stress, improving brain performance.
• Developing New Skills related to what you do for a living – Makes you more valuable to others.
• Gaining new knowledge related to what you do for a living – Makes you more valuable to others.
• Choose who is in your Inner Circle – Your inner circle infects you with their habits and their outlook on life.
• Good Gossip – Saying only kind, favorable things about those inside your inner circle. This builds trust others have in you and strengthens your relationships at the same time. So Good Gossip is like hitting a double in baseball.
• Experimentation – Only through experimenting with new, different activities can you uncover otherwise hidden, innate talents. Oftentimes, those talents can be monetized, giving you an additional revenue stream, which boosts your wealth.

These Rich Habits automate persistence.

And good luck visits the persistent.

Eventually, Rich Habits create good luck in the form of Opportunity Luck – outcomes you never anticipated or outcomes that far exceed your expectations.

My mission is to share my unique research in order to help others realize their dreams and achieve their goals. If you find value in these articles, please share them with your inner circle and encourage them to Subscribe. Thank You!