Showing posts with label Money habits. Show all posts
Showing posts with label Money habits. Show all posts

Saturday, 17 January 2015

9 Things Remarkably Successful People Never Do

9 Things Remarkably Successful People Never Do



Possibly you've stopped paying attention. Or possibly you've fallen into bad habits. Or possibly you've grown complacent.
Whatever the reasons, you're now compromising, settling, or flying on unhappy autopilot.
Remarkably successful people don't compromise on their standards. They don't settle for less than what they hope to achieve. And they definitely don't put their lives on autopilot. They believe success only comes from intention and action--and so they live that way.
Here are nine things remarkably successful people never do:

1. They never let the past dictate their future.

We all have limitations. We all have challenges. We all make mistakes. The key is to not be constrained by those things but to learn from them.
Easier said than done? It all depends on your perspective. Take mistakes: When something goes wrong, turn it into an opportunity to learn something you didn't know--especially about yourself. (And when something goes wrong for someone else,turn it into an opportunity to be gracious and forgiving.)
Where you've been, what you've done--everything in the past is just training.
Remarkably successful people believe their past should inform them but should neverdefine them.
2. They never gossip.

It's hard to resist the inside scoop. Finding out the reasons behind someone's decisions, the motivations behind someone's actions, the skinny behind someone's hidden agenda--much less whether Hugo is really dating Jeanette in accounting--those conversations are hard to resist.
Unfortunately, the person who gossips about other people is also gossiping aboutyou. And suddenly gossip isn't so much fun.
The next time you're tempted to talk about another person, think about whether you would say what you're about to say to that person.
And the next time someone starts to talk about someone else, excuse yourself and walk away. Don't worry that you'll lose a gossiper's respect; anyone willing to gossip doesn't respect other people anyway.
When remarkably successful people want to share the inside scoop, they just speak openly about their own thoughts and feelings. That way they're not gossiping. They're just being genuine.
3. They never say "yes" when they really mean "no."

Refusing a request from colleagues, customers, or even friends is really hard. But rarely does saying no go over as badly as you expect. Most people will understand, and if they don't, should you care too much about what they think?
When you say no, you only feel bad for a few moments. When you agree to something you really don't want to do, you may feel bad for a long time--or at least as long as it takes you to do what you didn't want to do in the first place.
Remarkably successful people practice saying no. They've gotten really good at saying no. They know that lets them focus on doing what they really need to do: for themselves and for other people.

RELATED : 7 Habits Of Successful People Before Bedtime

4. They never interrupt.


When you interrupt someone, what you're really saying is, "I'm not thinking about what you are saying. I'm thinking about what I want to say ... and what I want to say is so important you need to hear it now."

Want better professional relationships? Want better personal relationships? Listen, truly listen, to what other people say. Then ask questions to make sure you understand.
Remarkably successful people already know what they think--they want to learn from what everyone else thinks.

5. They're never late (without an incredibly good reason).
I know. You're overwhelmed. So you're always running behind. It stresses you out like crazy.
And it makes other people resent you like crazy. Whenever you're late, other people rightly assume you feel your time is more important than theirs. (Which, of course, kills your chance of building an outstanding personal or professional relationship.)
Although you may believe you can't help it, being late is a choice. You allow yourself to be late.
Remarkably successful people start the day a little day earlier. They arrive early to their first scheduled event. They don't worry that they'll waste time--they plan ahead and bring along whatever they need to use any "early" time to get a few simple things done.
Then they feel a lot less stressed and as a result are more insightful, more creative, more decisive, and simply more "on" in everything they do.
6. They never resent.

Take it from Nelson Mandela: "Resentment is like drinking poison and then hoping it will kill your enemies."
The same holds for bitterness. And jealousy. And dislike.
When you hold on to ill will, the only person who loses is you.
Remarkably successful people put all that emotional energy into focusing not on what others have done but on what they themselves will do.
7. They never decide they don't have the time.
Everyone knows someone who just seems to get a lot more done than other people. It's the craziest thing. How do these folks do it? They must have no life, right?
Actually they have a great life: They've figured out what is important to them and they're making it happen.
Figure out what's important to you. Strip away all the stuff that isn't. Then make it happen.
We're all given the same amount of time. The only difference is how we use our time.
Remarkably successful people use their time.

RELATED : 8 Daily Habits That Will Make 2015 More Explosive

8. They never fit in (just to fit in).

Though entire industries are based on making us think otherwise, no one actually likes us for the clothes we wear, the car we drive, or the house we live in. No one likes us for our titles, either.
Those are all "things," and while other people may in fact like our "things," that doesn't mean they like you. (And even if they do, that doesn't mean you like yourself.)
Remarkably successful people have decided to simply be who they are. By not trying to fit in or make an artificial impression they know they might lose a bunch of acquaintances, but they know they'll also gain a few real friends.
9. They're never afraid to do the things that matter.

"The only thing we have to fear is fear itself," is true, but in some ways a better quote might be, "The only thing we have to fear is ourselves."
Why? We're all afraid. We're scared of what might or might not happen. We're scared of what we can't change. We're scared of what we won't be able to do. We're scared of how others might perceive us.
And that makes us hesitate, wait for the right moment, decide we need to think a little longer or do some more research or explore a few more alternatives, and days, weeks, months, and even years pass us by.
And so do our dreams.
Don't let your fears hold you back. Whatever you've been planning, whatever you've imagined, whatever you've dreamed of, get started on it today. If you want to start a business, take the first step. If you want to change careers, take the first step. If you want to expand or enter a new market or design new products or services, take the first step.
Remarkably successful people put their fears aside and get started. They do something. They do anything.
Remarkably successful people are often afraid, but they're most afraid of looking back and thinking, "If only I had ..."
Don't look back and think, "If only I had ..."

11 Things Young Entrepreneurs Need To Stop Doing

11 Things Young Entrepreneurs Need To Stop Doing.



Our generation is responsible for a lot of annoying trends like taking pics of every meal we eat to taking Vine videos while trying to drive.  But for all you young people seeking success, there are a few trends that just need to be killed unless you want the world to think our entire generation is hopelessly conceited. Here are seven trends that young entrepreneurs need to stop doing now. 

1. Sharing on social media. 

As you start to come up in success, you’re going to want to share all amazing things you are achieving with your peers on social media. It feels awesome and it provides great validation. But everything in moderation is always best. Think about what you can do with half the energy you use to brag about yourself and apply it to giving back in some way. 

2. Being on your phone all the time. 

We get it, you have many important things to do and you constantly need to be on your phone so you miss out on important emails, tweets, texts etc. But you need to take time out of your day to recharge at some point. This will keep you sane and prevent you from getting burnt out, trust me. 

3. Focusing on having a great title. 

The title you hold at your startup or company may matter on the surface, but overtime, it will be your work that speaks your value. Anyone can give themselves a title of “CEO of X company”, but actually building something great is a whole different story. 



4. Not taking care of yourself. 

A lot of young people go by the “live fast, die young” motto or they think that just because they are young they can get away with not taking care of themselves for now.  If you’re smart, then you know that being healthy is a top priority. What good is success or money if you are too beat later on in life to enjoy it?  Eat right, sleep, don’t get wasted all the time. You want to live forever don’t you? In the words of Apple Co-founder Ron Wayne, you don’t want to end up being “the richest man in the cemetery.” 

RELATED : How To Become A Millionaire By Age 30


5. Talking so damn much. 

I think almost every veteran entrepreneur has said it: STOP TALKING AND START DOING! Anyone can talk about how great they are what they are going to do to change the world, but actually executing it is a completely different story. As the old saying goes: action speaks louder than words. 

6. Focusing on wanting to just build a company.

Don’t misinterpret this point! What I mean is that many young entrepreneurs I’ve come across focus on making money or creating a cool company. A true entrepreneur analyzes markets, finds problems, and picks the one he/she is most passionate in to solve. 

7. Trying to fit “the image.” 

I see many young aspiring entrepreneurs who will go out of their way to buy material goods that are way beyond what they can afford just to look successful. They’ll party every weekend and buy bottles so they can look like ballers. I believe the whole “fake it ‘til you make it” is incredibly bad advice. While looking presentable is beneficial, focusing too much on being someone you’re not yet will delude you from building something great that will give you real success down the road. Also, it’s just bad money management to spend on luxury items you can’t afford. If you can’t manage your own sh*t, how can anyone trust you to manage your next company? 


8. Feeling that the world owes you something.

You are not that special and no one owes you anything. In this world, you work your ass off for your success. It will not get served to you in a silver platter. It doesn’t matter what your parents or ancestors did, their successes do not belong to you. Stop feeling so entitled! 


9. Thinking you can become a billionaire by exiting a company that doesn’t earn any revenue. 
I feel like recent acquisition offers of certain companies like Instagram and SnapChat has given some aspiring entrepreneurs unrealistic expectations of what they can achieve with their startup. While anything is possible, the core reason that a business survives in the long-run is that it makes money. No matter how good your idea is, you need to have a solid plan of how your business is going to monetize and survive long-term. In the words of Scott Gerber from YEC: “I think that’s the stupidest way to think about business because at the end of the day, less than probably 2% of people that start a business are ever going to see a dollar of real investment money.” 

RELATED : 8 Daily Habits That Will Make 2015 More Explosive

10. Stop being so ADD. 

In the age of new media where everything is on demand and everyone is struggling to grab everyones attention, it’s important to not let yourself get distracted all the time. While having an open-mind and trying things is important, learning to stay focused on one thing is more important. This will help you get things done and grow whatever you’re trying to grow. There are no shortcuts in life, so take it one step at a time. 

11. Focusing too much on women. 

This obviously applies to heterosexual male entrepreneurs, but if you’re looking to build an amazing company, that should be the only thing you’re thinking about 24/7. In a blog post on The Bulletproof Executive: “At the recent BIL Conference, I spoke with a successful entrepreneur based in LA who runs a popular blog. He told me, “I made the most money and progressed my career the most when I was single and wasn’t getting any. I spoke with a NY Times best selling author about this over dinner while gathering research for this biohack. He asked that I not use his name, but he described a time when he made a deal with his wife that he would not orgasm until he made $250,000, which was a very considerable sum for his family. With that kind of motivation, he achieved the goal in 30 days.” As Mr. Landis said in “I Think I Love My Wife,” “You can lose lots of money chasing women, but you will NEVER lose women chasing money.” Focus on what your priorities are and all the pleasures of life will eventually fall into place

Thursday, 15 January 2015

How to Become a Millionaire by Age 30

Becoming a Millionaire by Age 30

By Grant Cardone

Getting rich and becoming a millionaire is a taboo topic. Saying it can be done by the age of 30 seems like a fantasy. 

Here are the 10 steps that will guarantee you will become a millionaire by 30.

1. Follow the money. 
In today’s economic environment you cannot save your way to millionaire status. The first step is to focus on increasing your income in increments and repeating that. My income was $3,000 a month and nine years later it was $20,000 a month. Start following the money and it will force you to control revenue and see opportunities.
2. Don’t show off -- show up! 
I didn’t buy my first luxury watch or car until my businesses and investments were producing multiple secure flows of income. I was still driving a Toyota Camry when I had become a millionaire. Be known for your work ethic, not the trinkets that you buy.
3. Save to invest, don’t save to save. 
The only reason to save money is to invest it.  Put your saved money into secured, sacred (untouchable) accounts. Never use these accounts for anything, not even an emergency. This will force you to continue to follow step one (increase income). To this day, at least twice a year, I am broke because I always invest my surpluses into ventures I cannot access.
4. Avoid debt that doesn’t pay you. 
Make it a rule that you never use debt that won’t make you money. I borrowed money for a car only because I knew it could increase my income. Rich people use debt to leverage investments and grow cash flows. Poor people use debt to buy things that make rich people richer.

RELATED : 7 Habits Of Successful People Before Bedtime

5. Treat money like a jealous lover. 
Millions wish for financial freedom, but only those that make it a priority have millions. To get rich and stay rich you will have to make it a priority. Money is like a jealous lover. Ignore it and it will ignore you, or worse, it will leave you for someone who makes it a priority.
6. Money doesn’t sleep. 
Money doesn’t know about clocks, schedules or holidays, and you shouldn’t either. Money loves people that have a great work ethic. When I was 26 years old, I was in retail and the store I worked at closed at 7 p.m. Most times you could find me there at 11 p.m. making an extra sale. Never try to be the smartest or luckiest person -- just make sure you outwork everyone.
7. Poor makes no sense. 
I have been poor, and it sucks. I have had just enough and that sucks almost as bad. Eliminate any and all ideas that being poor is somehow OK. Bill Gates has said, "If you’re born poor, it’s not your mistake. But if you die poor, it is your mistake."
8. Get a millionaire mentor. 
Most of us were brought up middle class or poor and then hold ourselves to the limits and ideas of that group. I have been studying millionaires to duplicate what they did. Get your own personal millionaire mentor and study them. Most rich people are extremely generous with their knowledge and their resources.

RELATED : Why You should Follow Your Dreams And Live The Life You Have Imagined.

9. Get your money to do the heavy lifting. 
Investing is the Holy Grail in becoming a millionaire and you should make more money off your investments than your work. If you don’t have surplus money you won’t make investments. The second company I started required a $50,000 investment. That company has paid me back that $50,000 every month for the last 10 years. My third investment was in real estate, where I started with $350,000, a large part of my net worth at the time. I still own that property today and it continues to provide me with income. Investing is the only reason to do the other steps, and your money must work for you and do your heavy lifting.
10. Shoot for $10 million, not $1 million. 
The single biggest financial mistake I’ve made was not thinking big enough. I encourage you to go for more than a million. There is no shortage of money on this planet, only a shortage of people thinking big enough.
Apply these 10 steps and they will make you rich. Steer clear of people that suggest your financial dreams are born of greed. Avoid get-rich-quick schemes, be ethical, never give up, and once you make it, be willing to help others get there too.
Leave Comments Please. Thank You!!!

Friday, 12 December 2014

How College Students Save And Spend Money (INFOGRAPHIC)

How College Students Save And Spend Money


Do you spend more than a thousand bucks just getting to class every year? Have you spent $765 over the last year eating off campus?
You may be surprised how quickly it adds up, but the infographic below can help put things in perspective.
The extensive infographic is based on a national survey performed by 21st Century Insurance, and focuses on both how students spend money and how they save as well.
Does it match your own spending habits? Weigh in with your opinion in the comments section below!

RELATED : Common Student Money Misconceptions


RELATED : After medical school what next ???

College student spending habits

6 surprisingly common student money misconceptions


From sports teams and extracurricular clubs to first jobs and first cars, high school students learn new lessons every day, many away from the classroom. But when it comes to balancing their obligations, many students learn some tough lessons for the first time as they dip their feet into adult life, particularly with their finances.

"Only 7 percent of high school students are financially literate and fewer than 30 percent of adults report being offered financial education at school or college," said Brian Page, finance teacher and personal finance adviser to H&R Block Budget Challenge. "Personal finance can be an overwhelming subject to learn, so many students have developed money misconceptions."

According to Page, many students share these six common misconceptions when it comes to money:
 1.Left Over Saving 
A person can save what is left over at the end of the month. Those who save by making automatic savings deposits right from their paycheck save four times more than those who only deposit directly into one account, according to CFED.org.

2. College is unaffordable.
 Most teens are well aware of the surge in college costs. However, many teens don't realize that, by comparison shopping, seeking financial aid and looking at alternative pathways to earning a degree, college costs can be more manageable.


RELATED : How College Students Save And Spend Money


3. All debt is bad. 

"Borrowing now to improve your future self can be a good idea," Page said. "Student loans not exceeding your first year's anticipated income makes sense for most everyday Americans." To find information on anticipated salary, check out PayScale.com.

4. Overdraft protection is free to use. 

This couldn't be further from the truth. The Consumer Financial Protection Bureau found the typical overdraft situation is comparable to a small-dollar loan with a 17,000 percent interest rate.

5. I don't need to budget right now. 

Teens annually spend nearly $100 billion, reports the University of Illinois. Yet only 17 percent of teens maintain a budget, states an H&R Block survey. Budgeting is important now as small expenses can add up and get you into trouble - for example, the average American spends more than $2,500 a year dining out, according to the Bureau of Labor Statistics. Properly monitoring your spending habits can help avoid overspending.

6. Never use credit cards. 

It depends. "If you're unable to control credit card spending, steer clear," Page said. "However, they can be ideal credit building tools for young consumers who use them responsibly." Consider starting with a secured credit card, avoid borrowing more than 30 percent of the credit limit each billing cycle and always pay the balance in full and on time.

RELATED : After medical school what next ???


Having these misconceptions doesn't mean teens are doomed to have a damaging financial future. Proper education through programs like the H&R Block Budget Challenge help teens prepare for the real world so they can correct any misinformation received in the past.

Thursday, 11 December 2014

Why You should Follow Your Dreams And Live The Life You Have Imagined.

7 Reasons Why You should Follow Your Dreams


Have you ever woken up many nights in cold a sweat because  you  are not doing what you  love? Not pursuing what you are very passionate about?  What is stopping you from following your dream?

When we pursue a dream, we are connecting with our heart’s desires. It’s a way of telling our soul “I love you.” It’s pretty great to hang out with people you love—especially when it’s yourself!

Our truest life is when we are in dreams awake.

This reasons are much signals that you need to change your life.

1. You only Live ONCE.

Your time is limited, so don’t waste it living someone else life. Do not be trapped by Dogma, which is living with the result of other peoples thinking. There is something in you, Life is a choice and is irresistible, you either live it or you lose it, because time is your opponent
Our days are numbered, so let us makes the days count. Make sure you play this one shot regret free.

2. Because Passion is Everything.

This is your life, do what you love and do it often. If you don’t like something, change it. You’ll be much more successful if you follow your dreams and follow your passions.
Do You know the major reason behind people quitting their jobs?
It’s because of passion. They have passion in something else.
It’s quite interesting to see that:

There are people who are willing to work 80 hours a week to avoid working the job they hate of 40 hours a week.

These are only passionate people, people who want to live life the way they have imagined
I know, you too are passionate about something but right now, you aren’t capitalizing on it. Start working on it because passion is the single fastest way to spur your life.

3. Because no one will follow them for you.

Let’s face it: no one else is going to pursue your dreams for you. Everyone has their own dreams and their own goals for what they want to achieve in life. If you don’t go for it, no one else will. If you don’t build your dreams, someone will hire you to help build theirs.
4. To prove the odds wrong.

All of us have been around people who told us our dreams weren’t possible. Let that add fuel to your fire. Think about all the people who said it would never happen, and go out and prove them wrong. Never be afraid of the space between, your dreams and the reality. If you can dream it, you can live it.
 5. You’ll meet other dream seekers.
Start where you are. Use what you have. Do what you can, and the universe will create doors for you where there were only walls.
When you are motivated and excited about pursuing your dreams, you’ll attract other people who have the same values and interests. The more you surround yourself with high achievers, the further you’ll go.
Surround yourself with the dreamers and the doers, the believers and thinkers, but most of all, surround yourself with those who see the greatness within you, even when you don’t see it yourself.”― Edmund Lee


RELATED :15 Proven Ways to overcome procrastination 


6. You will inspire others.

If you decide to go and follow your dreams, you will give hope to others who want to do the same. You can serve as their example and their reason why they should give it a try. You can help them, coach them, and encourage them to keep going.


7. The World Awaits You .

Life is about the people we meet and what we create with them.There are untapped potentials inside of you the world is looking for.  So go out and start creating them.  Getting lost will help you find yourself. The world will stretch your imagination, to challenge your mind and will  strengthen your intellect. 

The Bottom Line

I have not always chosen the safest path. I've made my mistakes, plenty of them. I sometimes jump too soon and fail to appreciate the consequences. But I've learned something important along the way: I've learned to heed the call of my heart. I've learned that the safest path is not always the best path and I've learned that the voice of fear is not always to be trusted.” 
― Steve Goodier


Must watch Inspirational speeches. If you can dream it, you can Live it!! 
Leave Comments Please.