One of the biggest things holding people back from the pursuit of success is the fact that they fear failure. This fear of failure causes them to second-guess every move they make. It causes them to overthink everything. It causes them to delay in taking action. Overthinking and Procrastination is born out of this fear…
Becoming a successful entrepreneur is not easy. I spent five years studying 177 self-made millionaires Rich Habits Study – Background on Methodology and I have to say, they are among the most courageous, fearless individuals I have ever met. They put everything on the line. They took enormous risks in the pursuit of their dreams. Success…
“Keep all your eggs in one basket, but watch that basket closely.” – Warren Buffett This is one of Warren Buffett’s most famous quotes. It is also one of the worst pieces of advice for anyone who is working on becoming rich. My dad inadvertently took this advice with his own financial empire, and in one…
In my Rich Habits Study, 51% of the self-made millionaires were entrepreneurs, meaning they made their wealth by starting and running their own companies. Thanks to my Study, I not only learned what the rich did to get rich, but I also learned about all of their mistakes. And there were a lot of mistakes….
Even though we did not have much money growing up, my Dad always made sure our freezer was stocked with different types of ice cream: vanilla, chocolate, butter pecan, coffee, and a few others. What I found interesting was that my Dad would not pick one ice cream to put in a saucer. He’d have…
One of the #1 traits shared by the self-made millionaires in my Rich Habits study was a positive mental outlook. The average net worth of those millionaires was $4 million. So, being positive is worth quite a bit of money. But what is a positive mental outlook? It is an upbeat lens through which you…
During my five years studying the rich and the poor I identified 10 hard truths about the wealth gap that no politician or member of the mainstream media would dare reveal. In those five years, I asked 361 rich and poor people 144 questions each. That’s 51,984 questions. I wanted to find out what each…
When I travel the country speaking to high school and college students about exactly what they need to do to become financially successful in life, I like to begin my presentation by asking the same three questions: “How many want to be financially successful in life?” “How many think they will be financially successful in…
When I travel the country speaking to high school and college students about exactly what they need to do to become financially successful in life I always begin my presentation by asking three questions: “How many want to be financially successful in life?” “How many think they will be financially successful in life?” Almost every…
Hardly anyone thinks about their legacy – the impact of the life they leave behind. We really only give it some thought when we read an obituary of someone we know. In May of 2000, I read an obituary about a friend’s father that left me in awe of the man. There were numerous non-profit…
