We are hardwired to be lazy. And we have our brains to thank for it. The human brain is lazy. Or, looking at it another way, the brain finds ways of doing things that enable it to work less. And that is exactly why we have habits. Habits use less brain fuel (glucose or ketones),…
Your money habits can make you rich or put you in a poor house. According to a recent study by Brown University, in which nearly 50,000 families were surveyed, most of the habits we pick up in life come from our parents (Brown Study). This includes money habits. If your parents had bad money habits…
Human beings are simply amazing. They are the only species on earth that have the innate ability to convert outlandish thoughts into reality. We see a beautiful woman and paint the Mona Lisa. We see a bay, and we build a bridge to cross that bay. We see birds fly and build airplanes, so humans…
Are you an optimist or a pessimist? That’s an important question because pessimism is a recipe for failure. A paper published by the University of Cologne in Germany in the May 2015 Journal of Personality and Psychology, in which more than 68,000 Americans and Europeans were studied, found that pessimism causes poverty. The study noted…
Sixteenth-century astronomer Galileo Galilei stood on the shoulders of 15th-century astronomer Nicolaus Copernicus when he proved through his own experiments that Copernicus’ sun-centered theory was correct. Sir Isaac Newton, considered the father of physics and calculus, stood on the shoulders of Copernicus, Galileo and Rene Descartes. Albert Einstein stood on the shoulders of Galileo, Copernicus,…
When you change the Lens through which you view the world, your view of the world changes, forever. The Lens I’m referring to = your Assumptions, Beliefs, and Ideologies. When a new, unknown Truth comes along, it forever changes how you and everyone else see things. And once that happens, you will never see things…
Being rich is really about two things. In my Rich Habits Study, I interviewed 233 wealthy individuals (177 of whom were self-made millionaires) with at least $160,000 in annual gross income and $3.2 million in net assets. I found that becoming and staying rich tends to come from two actions: Accumulating wealth Keeping the wealth you’ve…
When things don’t go as planned, most people quit the struggle and move on to greener (meaning – easier) pastures. And the world is filled with quitters. Without pursuing success, life is a struggle. Even for the vast majority who are content with just coasting along, life is still filled with problems. Most people want…
Back in 2004, when I began my research to find out why the rich were rich and why the poor were poor, I’ll confess, I hated rich people. I had some entrenched negative beliefs about the wealthy that I inherited from my upbringing. As I uncovered more and more about the causes of wealth and…
Forty-one per cent of the 177 self-made millionaires in my Rich Habits research study were raised in poor households. Yet, somehow they managed to break out of their poverty as adults. How? In my book, Change Your Habits Change Your Life, I shared the many wealth-building strategies/habits these future millionaires adopted, which were critical to their…
