In my speaker role, I am often asked by someone, “How important is luck with respect to becoming rich?” It’s a very good question. There are certain self-made millionaires (Saver/Investors), where luck does not play much of a factor. These millionaires become rich by saving and prudently investing their savings. Time, more than luck, is…
“You can change the world or you can worry about fitting in, but you can’t do both.” – Robin Sharma If you study millionaires and billionaires as I do, you’d find that the one common characteristic they all seem to share is a desire to do something that separates them from everyone else. They seek to…
Many people love to eat sausage because it tastes so good. But, if you ever witnessed how sausage was made and the ingredients that went into it, you’d likely cringe. Most people feel the same way about success as they do about sausage – they want it. They’d like to be able to live in…
Successful, wealthy people do not just suddenly become rich and successful. Success is a process that takes place over many years. Long before most wealthy people become wealthy, they make a habit of living below their means. The following is a list of ten spending habits I’ve uncovered during my five-year study of the rich and…
When it comes to managing and investing money, the rich are very different from the non-rich. From my five-year study of the rich and the poor, I discovered that there were certain common money management mistakes the rich never seemed to make. The rich avoid uneducated risk-taking The rich do their homework. They study investments…
I knew one of the self-made millionaire entrepreneurs in my study for a long time. Several years before he became rich, he and I took a Saturday to play golf. Throughout our round, he must have said to me a dozen times that he was a pathetic loser. I told him he wasn’t a loser….
Your habits create luck. Random luck, good or bad, is fairly democratic. It visits rich and poor alike. But did you know you can intentionally create your own good luck and minimize bad luck? The creation of good luck requires the consistent application of good habits over a long period of time. One common theme…
The study of the rich and the poor has led me down many rabbit holes. One very important rabbit hole was habits, which I am now certain dictates the circumstances of our lives. But another important rabbit hole I ventured down, is something that every human seeks – happiness. I’ve identified seven pillars of happiness….
Slickdeals, an online couponing site, commissioned a survey of 2,000 American adults in an effort to better understand impulse purchases. One startling find was that the average American engages in three impulse purchases a week. This impulse spending habit costs the consumer about $450 per month, $5,400 per year and $324,000 over their lifetime. Now,…
In my books, Rich Habits and Effort-Less Wealth, I highlight some of the habits that have the most impact on your financial life. Below I share 8 of those habits. #1 Self-made millionaires engage in dream-setting It’s never too late to dream. Grandma Moses began painting at age 80. Colonel Sanders was in his early 60’s…
