All posts in Wealth

4 Key Tips To Becoming a Millionaire

If you have the dreams and aspirations to make it to millionaire status one day, then take a look at these 4 key pieces of advice that will have a major impact on how and how fast you reach this goal.. It’s possible and accessible with a little help a long the way from the people like, Daniel Ally, self made millionaire and Business Expert :

Save Relentlessly

This will address the queries that I’ve recently received. For many individuals, there’s too much month at the end of the money. However, you’ll have to make your best effort to save as much as you can, even if it’s a ridiculously low number.

There are many techniques for saving money. You need to find your own system and start building your wealth. Even if you’re on a fixed income, you need to find the discipline necessary to save. Whether you start out with saving $50 or $500 per month, do the best you can and invest this money in the best way possible.

Learn from Millionaires

Most people are surrounded by what I like to call “Default Friends.” These friends are acquaintances that we see at the grocery store, gym, school, work, and other places. We naturally befriend these people as trust grows. However, in most cases, these people aren’t millionaires and cannot help you become one either.

If you truly desire and aspire to be a millionaire, these people may tell you that it’s impossible. They’ll tell you that you’re living in a fantasy world and why you’ll never be able to make it happen. Instead, learn from millionaires. Let go of these relationships and seek new ones that can help you get to the next level.

Change Your Thinking

You have to see the bigger picture. When most people see just trees, you need to look at the entire forest. This way, you’ll be able to chart your own course and get to where you want to be. By having a vision and the goals to attain that vision, your possibilities are endless.

You’ll have to go through plenty of self-discovery before you earn your first million. Knowing the truth about yourself isn’t always the easiest task. Sometimes, you’ll find that you’re your biggest enemy and best friend — even in the same day! Nonetheless, changing your thinking is a requirement for wealth.

Believe It’s Possible

If you believe that it’s possible to become a millionaire, you can make it happen. However, if you’ve excluded yourself from this possibility and think that it’s for other people, you’ll never have money. Also, be sure to bless rich people when you can. Haters of money aren’t likely to receiving any of it either.

The best way to do this is to learn relentlessly about yourself and money. You can do this by reading books that have been written by millionaires themselves. By gaining a well-rounded education and staying inspired, you’ll be able to get the wealth you’ve been looking for.


 

Read more from the original source:

http://www.entrepreneur.com/article/253514

 

3 Secrets To Continual Success

We live in a world where possibilities are endless and technology keeps improving; meaning we must always stay on our toes and constantly learn. In order to be successful and a High Performing human being, we must continue to learn, even after we get that piece of paper at graduation. Nate Kornell, an associate professor of cognitive psychology at Williams College who studies learning strategies, shares 3 ways we can become an efficient learner:

Embrace discomfort

According to Kornell, effective learning feels difficult. It’s this ability to embrace continuous discomfort that separates ultra-high-achievers from everyone else. For most people, once they’re pretty good at something – be it public speaking, writing or Excel – they become complacent and comfortable, unwilling to continue to challenge themselves. “You reach a plateau where you don’t experiment and you don’t practice new techniques because you’re satisfied,” he says. “The people who achieve the most in life are the ones that aren’t satisfied with 8 out of 10; the people who don’t stop until they are a 10 out of 10.” That requires risk taking, uncertainty, repetition, the pursuit of criticism and, yes, discomfort.

Stop cramming

Kornell, who has researched this topic extensively, believes that the act of forgetting information and then re-learning it, ideally multiple times, is what cements memories in the brain. The process of forgetting, and then repeatedly filling in those memory gaps, makes them stick. “You can’t add to your knowledge unless you give yourself a chance to forget,” which is why cramming produces such fleeting results.

Make connections

The more, the better. If you want to remember the information in a passage you are reading, root the text to as many additional contexts as possible. Pause frequently and think about how what you’re reading now relates to what you read earlier. But don’t stop there. If you really want the material to stick, make personal connections as well: relate the text to events that have happened in your own life, or the life of a friend or acquaintance. The more individual threads you can tie from the material in the book to other, independent realms of pre-existing knowledge, the more likely it is to stick around.

 


Related: 5 mistakes successful people never make twice

 

 

Original Source:

http://www.entrepreneur.com/article/251568

The Code To Eliminate The Stress of Always Being Plugged In

We live in a world of constant communication where the line between work and life balance is very blurred… Constant notifications of new emails, voicemails and texts make it almost impossible to disconnect and make it extremely stressful. Watch the video below to find out how to create that boundary:

 

Creative Ways That Will Prevent You From Spending Too Much Money

We all know that getting that venti vanilla latte every morning is doing nothing but draining our wallets bit by bit, and all those nights we eat out doesn’t help either.  We’ve heard them time and time again and yet nothings changed… Take a look at these other creative ways that will prevent you from over spending then maybe you can keep your morning latte 😉

4 Reasons Why You Have No Money In Your Wallet

Getting by month to month is a common struggle between Americans… And by common, I mean almost 75 percent of people live paycheck to paycheck with little to no breathing room. Do you ever wonder why is it that you work so hard to realize you still have no money? Take a look at the four reasons below; they may be the answer to why your money bank is dry…

Economic illiteracy

Most people are economically illiterate. People are going to college and don’t even understand basic economic terms. Economy is defined as household management or management of resources. Manage means to be in charge and succeed in surviving, especially against heavy odds. To manage your own economy means you have to create money by playing offense in the marketplace.

Financial apathy

People have become apathetic regarding their finances and quit looking at it. You can’t have money if you don’t pay attention to it. Admit to where you are financially and start paying attention to your money. Acting like there is no problem doesn’t make the problem go away, it makes it worse. My wife and I meet to discuss the topic of money every week regardless of our financial situation.

Entitlement issues

The unwillingness to do the jobs no one else wants is why people don’t have money. The entitlement problem is not just for the lower economic level, but hits all the way to the top.  Everyone wants to be the director, CEO, the manager, the writer — well, guess what? Someone has to do the selling.

The budget blockhead mindset

Spending all of your time trying to budget money is a way to guarantee you never have money. Your daddy told you, “A penny saved is a penny earned,” wrong, it’s just a penny. Having a budget blockhead mindset means you are playing defense, not offense.

 

 


 

 Check out this related article: The Best Piece of Money Advice From Someone Who Manages Multimillionaires Money

Original Source: 

http://www.entrepreneur.com/article/250212

Tidying Up Your Home Once & For All

Your environment has a direct effect on your lifestyle and rather or not you reach your goals. Maintaining a clean and organized home environment is important for the well-being of your attitude and productivity levels. However de-cluttering can be a very daunting task which causes a lot of us to keep pushing it off. Watch this video below to get advice on the perfect way to de-clutter once and for all:

 

 

 

An Important Guide To Your First 10 Minutes of The Day

The way you go about your day is extremely crucial to the productivity level you reach. You may not realize it at the time, but each action you take has a direct effect on your day. Watch this video below to gather insight on how crucial your first ten minutes are in the morning. Also, learn how to redirect your habits to give you the best possible chance at a great productive day:

 

Related Post: Mistakes successful people never make twice

How To Make a Perfect First Impression

First impressions are everything, whether it’s at a job interview, meeting your spouses family, making new friends, etc… it’s the one opportunity you get that makes a lasting impression. That in mind, it’s also a bit intimidating and the last thing you need is for your nerves to throw off your game 😉 Take a look at the video below to get Shark Tank Investor, Daymond John’s advice on how to make the perfect first impression:

 

 

Related Post: Learn how a recruiter scans your resume and judges your worth

The Key To Turning Your Failure Into Success In 3 Simple Steps

Failure can be a devastating thing and not to mention embarrassing when you have a lot of eyes and ventures banking on you. Where the element of positivity comes into play, is how you move forward and let go of the failure… You have the opportunity to make something great out of it it’s just all about how you recover. Below are three steps from, Bruce Cazenave, an executive at Black & Decker, and current CEO of Nautilus, Inc., to help you ensure a positive outcome from a fail:

 

1. Know when to move on.

This phrase describes the ability to let something go before you’ve invested an overabundance of time, energy and resources. The key is to reflect on how you can push yourself and team members to maintain a continued focus on what the company or organization can do better.

“Persistence can change failure into extraordinary achievement.”Marv Levy

2. Equate success to the lessons learned.

One of the biggest challenges individuals face is to take a step back from failure and see the bigger picture. For example, we make it a point to host casual gatherings where our employees are encouraged to share input on everything from our latest products to workplace issues.

This is an opportunity to discuss what is and isn’t working, and what lessons we can glean as individuals, as teams and as a company. As we begin to think about failure being a learning opportunity, rather than a negative, it becomes easier to find the education component within nearly any situation.

3. Make each failure a strategic one.

When failure does happen, it is essential to be mindful and deliberate about why something didn’t work, as well as attentive to what can be learned. This “big-picture” thinking is key to reaping the most out of a seemingly negative situation. Being mindful of the past missteps you have encountered will help you avoid repeating the same mistakes.

 


 

Related Article: Check out these wildly successful people who were once deemed failures for a little inspiration!

Original Source:

http://www.entrepreneur.com/article/254304

5 Mistakes Successful People Never Make Twice

Mistakes can be a tricky subject as a lot of times they’re deemed as accidents and we can all say we make them. However, it is how you bounce back from these mistakes that make all the difference. You could either throw in the towel after a mistake claiming to give up, or you can learn from that mistake and move forward successfully. Below are 5 mistakes successful people never make twice:

 

Believing in someone or something that’s too good to be true.

Some people are so charismatic and so confident that it can be tempting to follow anything they say. They speak endlessly of how successful their businesses are, how well liked they are, who they know, and how many opportunities they can offer you. While we know that some people really are successful and really want to help you, smart people need to be tricked only once before they start to think twice about a deal that sounds too good to be true. The results of naiveté and a lack of due diligence can be catastrophic. Smart people ask serious questions before getting involved because they realize no one, themselves included, are as good as they look.

Doing the same thing over and over again and expecting a different result.

Albert Einstein said insanity is doing the same thing and expecting a different result. Yet there are a lot of people who seem certain that two plus two will eventually equal five. Smart people, on the other hand, need experience this frustration only once. The fact is simple: if you keep the same approach, you’ll keep getting the same results, no matter how much you hope for the opposite. Smart people know that if they want a different result, they need to change their approach, even when it’s painful to do so.

Trying to be someone or something you’re not.

It’s tempting to try to be whom you think people want you be, but no one likes a fake, and trying to be someone you’re not never ends well. Smart people figure that out the first time they get called out for being a phony, forget their lines, or drop out of character. Other people never seem to realize that everyone else can see right through their act. They don’t recognize the relationships they’ve damaged, the jobs they’ve lost, and the opportunities they’ve missed as a result of trying to be someone they’re not. Smart people, on the other hand, make that connection right away and realize that happiness and success demand authenticity.

Trying to please everyone.

Almost everyone makes this mistake at some point, but smart people realize it’s simply impossible to please everybody, and trying to please everyone pleases no one. Smart people know that in order to be effective, you have to develop the courage to call the shots and make the choices you feel are right (not the ones everyone will like).

Playing the victim.

News reports and our social media feeds are filled with stories of people who seem to get ahead by playing the victim. Smart people may try it once, but they realize quickly that it’s a form of manipulation and that any benefits will come to a screeching halt as soon as people see it’s a game. But there’s a more subtle aspect of this strategy that only truly smart people grasp: to play the victim, you have to give up your power, and you can’t put a price on that.

 


 

Original Source:

http://www.inc.com/travis-bradberry/10-mistakes-smart-people-never-make-twice.html