Listen to my latest interview with Caroline Stephens. Caroline interviews individuals who are pursuing success and their dreams.

Caroline is your unbiased voice on what it takes to achieve success.

With a degree in Asian studies and a strong professional background in journalism with the ABC, her investigative skills have been highly coveted by a variety of different organisations, including the 7.30 Report TV show. She is now the host of the Talking Trading radio show.

Caroline is one of the founding partners of www.talkingtrading.com.au and her role as CEO enables her to develop dynamic trading friendships with market experts so that she can empower the traders who turn to her for advice and counsel.

Her passion for investing and bringing people towards financial freedom as well as her keen eye for a newsworthy story will ensure that you’ll be enthralled with each and every episode Caroline hosts.

Every year, as summer comes to a close, millions of parents around the country shake off the lazy days of summer to see their kids off to college. Whether their kids are just starting out or returning to college, emotions run high. As does the stress. The financial stress, that is. Some colleges make it easier than others to make those college payments but no matter how you slice it, college costs today are a real financial burden on parents.

When I made my last college payment for my youngest last year, my wife and I felt like prisoners that had just been released after eight years of incarceration. Somehow we survived. Somehow we got our three kids through college on a middle-class income.

I thought I’d share with you the details of what it cost us personally to make that happen. I’m hoping this information will help open your eyes to the real costs of college. I’m also hoping it will motivate you to start planning and saving for college right now.

By the way, like many Americans, we had delusions that our three kids would either get academic or athletic scholarships. One did and, as you will see below, it barely made a dent, thanks to all of the other costs, besides tuition, that parents have to contend with. Put your seat belt on this is going to be painful. [Read more…]

Michael Yardney, the Donald Trump of real estate in Australia and Tom Corley, bestselling author of Rich Habits, Rich Kids and Change Your Habits, Change Your Life discuss how you eliminate bad habits and limiting beliefs.

Some time ago a woman who subscribed to my website emailed me to tell me that by following the Rich Habits she was able to save $1,800 over 6 months.

In her email, she wanted to thank me for helping her save her child’s life. According to the email, after she accumulated that $1,800, her daughter was diagnosed with cancer. She used that money to pay the doctors.

She said in the email that if she had not saved that money, she would not have been able to get the help she needed for her daughter.

I am the President of a non-profit whose mission is to provide financial support to families who have a child battling with cancer. Our organization helps these families pay their mortgage, car loans, utility bills, etc. so they can focus on getting their child the care they need without worrying about paying bills.

To the woman who sent me the email, please reach out to me at tom@richhabits.net

It’s an amazing feeling when you see your dreams come true. It’s an even more amazing feeling when realizing that dream helps improve the lives of others.

In late 2008 I was thinking about writing my first book, Rich Habits. The book would share the key success habits of the rich and the key failure habits of the poor from my Rich Habits Study.

It took me 3 tries and about 18 months to get my book out to the world. I’d like to share with you the failures, mistakes, disappointments, hurdles and successes that I encountered in pursuing my dream and how not quitting helped save the life of a child with brain cancer: [Read more…]

Michael Yardney, the Donald Trump of real estate in Australia and Tom Corley, bestselling author of Rich Habits, Rich Kids and Change Your Habits, Change Your Life discuss the success beliefs of the wealthy.

Study any self-made millionaire and you’ll find that they fall into one of two categories:

1. They were fanatical savers or
2. They sold something

In my Rich Habits Study, 135 millionaires out of the 233 in my study indicated that a major portion of their responsibilities at work involved selling something. The average net worth of these 135 millionaires was $5.7 million. Seventy-one percent accumulated their wealth before the age of 56, or on average, in less than 22 years.

The millionaires who were fanatical savers had an average net worth of just over $3.2 million, accumulated over an average of thirty-six years.

In other words, those millionaires in my study who sold something had a net worth that was $2.5 million higher than the savers in my study and it took the sellers 14 fewer years to accumulate that wealth. Clearly, if you want to accumulate a lot of wealth in the shortest period of time, you need to sell something.

It may be a product, like a car, electrical gadget, fried chicken or donuts. Or, it may be a service, like designs, legal advice, financial planning or a new way of doing something. [Read more…]

Michael Yardney, the Donald Trump of real estate in Australia and Tom Corley, bestselling author of Rich Habits, Rich Kids and Change Your Habits, Change Your Life discuss the work ethic of the wealthy.