If you were to ask most people if they want to be rich, they will emphatically answer YES almost every time. But, as I learned from my five-year study of self-made millionaires, the journey to success isn’t easy. It often requires that you take numerous risks. Success is also riddled with obstacles, adversity and mistakes, which requires…
Millionaires have certain ritual behaviors that put them on the path towards success. What are some of those behaviors? Millionaires Take Care of Their Bodies: 76% engaged in 20 – 30 minutes of cardio, four or more days a week. That’s running, jogging, brisk walking, biking, swimming, etc. It doesn’t cost any money to run,…
Successful people forge habits which help automate success. Those habits inch them closer and closer to success and because they are a slow, methodical process, success takes many years. The source of habits comes from many places — parents, mentors, their team (habits spread like a virus throughout your social networks), books they read about other…
What secrets about managing money do the rich know that the average person doesn’t? I spent five years trying to answer that question. I asked 233 millionaires 144 questions and discovered the rich have certain very specific money habits that were instrumental in helping them accumulate their wealth. 1. Know Where Your Money is Going…
The mirror tells all. If you’re able to pay your bills and save money, the refection is of someone living below their means and building their future wealth. If you’re eating nutritious food and exercising consistently, the reflection is of someone who is fit and healthy. If you’re pursuing your dreams and your goals, the…
My best friend, Bill King, is 11 years older than me. Like me, he’s a CPA and a CFP. When I was just starting out in my career, Bill gave me the best financial advice I ever heard. Bill and I were discussing what it takes for the average individual to become financially free….
Hardwired by evolution into every human is the desire to be part of a herd. In the early days of humanity, being part of a herd = survival. With a herd, there was always someone within the herd on guard for predators or danger and also herd members who identified opportunities that could be beneficial…
One of the reasons self-made millionaires become rich, is they know something about goal-setting that isn’t generally known or taught. And this knowledge enables them to achieve 100% of their goals, every time, all the time. Unfortunately, most people who set goals, grow frustrated or beaten down and eventually give up on their goals. That’s too…
According to a study by Raj Raghunathan, Ph.D., Associate Professor with University of Texas McCombs School of Business, between 60-70% of self-talk is negative. And, according to a landmark study by B.L. Frederickson, called The Broad and Build Study, this is a major problem. Negativity, they found, shuts down part of the neocortex, impairing focus, cognitive ability…
Your brain takes in 11 million bits of information per second. Unfortunately, the brain can only process 40 bits of information per second. Which 40 bits does it choose to accept? The answer to that question dictates the type of life you create. Will that 40 bits be negative information or positive information? Will it…
