Today, I want to talk to you about your worries. After all, who doesn’t love worrying? Thousands of years ago, it was part of what kept humans alive. Is that a lion in the bushes? Was that a tiger? Nine times out of ten, there probably was no large-toothed animal about to pounce. But worrying…
If there’s one thing I’ve learned in my many years of business, it’s that change is the one constant. Just when you think things are settled, something will happen to upset the apple cart. Investors and entrepreneurs may think this is only happening to them, and that it’s their bad luck. It’s not. It’s the…
I’m going to assume for a minute that you’re one of the millions of people who have a recurrently frustrating relationship with spending. It probably starts with a commitment to sticking to your budget, and you do for a few days. Then, despite your resolve, you break down, pull out the credit card and do…
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,…
We live in a world of consumption, where people seek immediate gratification with the latest and greatest gadgets and products as soon as they hit the shelves. Think about Apple and the ridiculously long line of people who queue for their updated iPhones! When it comes to money management and becoming rich, though, patience and…
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…
For the next few minutes, I want you to focus on the most successful person you know (and yes, it may be you). What makes this individual successful in your mind? Professional accomplishments? Personal wealth? Now, I want you to think of the happiest person you know. Did you come up with the same name?…
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…
Nassim Nicholas Taleb became famous for his book The Black Swan which taught us to look out for the unexpected X-Factor. He also wrote The Bed of Procrustes, a collection of hundreds of “philosophical and practical aphorisms” – pithy one-line quotes full of meaning and importance. I’ve selected a number of these that struck me…
