Creating a Life Plan: 17 ways the rich think differently

Creating a Life planHave you ever thought about creating a life plan, dear reader? If you’re young and have your life ahead of you, certainly, it’s a good idea. You can always let life happen to you, of course, but it’s better if you go out and make life happen the way you’d prefer it to be. And to have a good life, having money certainly helps. So money is at the heart of life planning.

Now, why is it that some people are wealthy and others are not?

You might argue that the rich inherit money and therefore they’re just lucky. For a few people, that may be true. However, it’s not a universal truth.

Having wealthy parents helps no doubt but there are plenty of examples of self-made millionaires and billionaires. And there are plenty of examples of people who lost all their wealth and then just created another fortune.

There are also plenty of examples of poor people who enjoyed good fortune winning a lottery only to squander their millions within a few short years.

This would suggest that the rich and poor have a different philosophy with respect to creating a life plan and money as a resource.

17 ways the rich and poor think differently:

The video embedded here explores 17 ways in which rich people and poor people think differently. It’s an interesting video and it makes some really useful points that will help you in your life planning. It’s definitely informative and well worth a few minutes of your time, in my opinion.

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How is success achieved? Could this be the secret?

How-is-success-achievedHow is success achieved? Certainly many desire it but few really achieve it. Why is that do you think dear reader?

Could it be all about your mindset? Can your thinking have an impact on whether you succeed or not?

Well in the embedded video, Carrie Green suggests that your mindset really does matter.

Programming your mind for success:

This is an inspirational talk on the subject of success from Ms Carrie Green given at TEDxManchester.

Her underlying message is that success is never achieved by accident.

Success is in fact achieved by knowing what you want, knowing why you want it and then programming your mind to drive you towards your goal.

I’d not heard Carrie Green speak before I stumbled on this video but I must say I’m very impressed.

If you can spare a few minutes then this video is well worth a little piece of your time. I’m confident that you won’t be disappointed. Recommended.

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5 questions that’ll help your buying decision process

Buying decision processHow can you be expected to save money when you don’t earn enough to make ends meet as it is? I’m guessing you may have asked yourself that question at least once dear reader? If you have, you’re not alone. It’s a common cry.

However, whilst some people may struggle financially, it’s also true that far too many people squander their money buying items they don’t need and probably will never use, often in an attempt to impress people they don’t even like.

For such people, their buying decision process is usually limited to whether they still have enough credit left on their credit cards.

Well, the mantra “Have Plastic; Will Purchase” is not a good one if saving money is one of your goals.

You can earn a decent income and yet a lack of money management skills and a poor buying decision process will result in you never achieving financial freedom. In fact, poor money management skills will condemn you to a life of being poor.

So it’s essential that you learn to manage your money properly if you want to avoid long-term poverty.

Avoid the ‘I’ve got to have it’ approach:

Now be honest with yourself, how often do you buy things you didn’t really need?

Stuff that you weren’t even looking for but it was there and it looked nice and you thought I’ve got to have it. Out pops your ‘flexible friend‘ and the item is yours. A brief period of gratification follows and then the item is largely forgotten.

How often do you buy things you never use?

Take a look at your wardrobe. I’ll bet there are a few items in there which still have the store tags on them? Never used and they’ve probably been there for quite some time I suspect? Would I be right?

I’ve got to have it‘ is a great way to waste all your money. With this approach, you’ll enrich other people at your own expense. Now how could that possibly make sense?

Credit cards: Weapons of mass wealth destruction

How often do you buy things you can’t afford with money you haven’t got?

It’s true, credit cards can be a convenient means for making payments of course but they can also be weapons of mass wealth destruction. That’s a fact dear reader.

When it comes to the buying decision process most of us are driven more by a desire for gratification than any sensible approach to managing our money carefully.

Most of us are guilty of buying more than we need. Many of us are guilty of buying items we seldom use, if at all.

If you’re like this dear reader then you’re not alone I can assure you. However, that’s not a good thing.

The disciplined approach:

However, with a bit more discipline you could hang on to more of your own money and then build capital which, eventually, will start generating an income all of its own through interest payments on deposits and bonds and dividend payments and capital growth on stocks and shares.

Still, we’re getting ahead of ourselves.

The underlying message I offer you today dear reader is that you should establish for yourself a buying decision process that will allow you to control your expenditure.

Essentially before you buy anything you need to ask yourself a series of tough questions to gauge whether the purchase really does make good sense.

And what are those questions?

The questions to ask before making any purchase:

There are in fact five questions you should ask yourself before making any purchase, as follows:-

    1. Do I really need it? Honestly?
    2. Will I really use it? Honestly?
    3. Can I really afford it? Honestly?
    4. If I didn’t have it would it really matter?
    5. Does it represent good value for money?

If you answer ‘No’ to the first four questions, the fifth question is irrelevant. A negative on all or even most of the first four questions means, don’t buy the item. Simple!

And even if you do think you need it, never buy anything if you do not have the money to pay for the item right now. Never, ever incur debt for a discretionary purchase.

It’s better to do without than to run up debt on a credit card to pay for discretionary purchases.

The compounding effect of high credit card interest rates can quickly turn a small debt into a large one.

The ‘value for money’ question is only relevant when you can answer every other question in the affirmative.

Nevertheless, you should never buy something that’s not also good value for money. That is, you should never overpay for anything. Overpaying means the price is inconsistent with the value on offer.

Buying Decision Process 2Let the answers to the questions guide you:

To ensure your buying decision process is sound you must always ask these questions.

Let them be your purchasing guide and you’ll be in a better position to start saving money and watch it grow. Once it starts growing you’ll be on your way to building your own personal wealth.

 

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How serious money is made through self-employment

self-employmentToday I thought it would be a good idea to consider how serious money is achieved through self-employment, rather than working as a wage slave.

There are many ways to make money dear reader and they all have their merits.

For instance, if you get a job with a big corporation potentially you’ll earn a decent income and you’ll enjoy a few fringe benefits too.

And if you get a job in the public sector the pay may not be quite so good but the pension scheme is usually the best you’ll find anywhere. And of course, working for the Government is usually a fairly secure form of employment too.

If you become a wage slave in any sector you can make a living, and sometimes that can even be a decent living as well.

However, unless you work on Wall Street or for an investment bank in the City of London, you’re unlikely to make a fortune. Unfortunately dear reader, that’s one of life’s facts.

The road to serious money:

So, if your aim is to make serious money then you should consider self-employment.

And the good news is we live in an age in which becoming self-employed has never been easier or cheaper. As a result of the Internet, there are so many opportunities that were simply not available to previous generations.

And the best news is, you don’t even have to give up your day job, not initially anyway.

You can start your own business as a part-time side hustle, initially, and keep it that way until the income your business is generating for you is sufficient for you to live on.

You can even start one business to generate extra cash and as it makes money you can invest that cash into bigger and potentially more profitable opportunities. The possibilities are endless.

The downside of being an employee:

As an employee, you’re trading your time for money and that’s fine. There’s nothing wrong with that if that’s your preference.

However, if your firm does well, you’re unlikely to benefit significantly from any extra profit they make. You might get a bonus but regardless of personal contribution, it’s more likely to be an incidental sum rather than life-changing money.

With your own business, you can be making money whilst you’re sleeping.

In fact, if you want to get seriously rich then you’ll have to find ways to start making money whilst you sleep.

Now dear reader I can hear you asking, but how do you make money whilst you sleep?

Let me give you some examples of online businesses where you could start with little or no money and start making money whilst you sleep.

Selling products online:

Through the Internet potentially you can reach most of the people on the planet, wouldn’t you agree?

Think about that for a second.

If you create a website or an online store then billions of people around the world will have access to it. And those people can access it whilst you’re asleep.

So the potential is there for you to create something that can be generating money for you 24 hours a day 365 days every year.

Still not convinced? Let me give you some examples of businesses you could start to achieve this goal:-

Selling on Amazon:

If you’ve ever bought anything from Amazon you’ll probably have noticed that they’re not always the actual seller of the item you’re seeking to purchase. Other suppliers sell their own products through Amazon via what is known as Amazon Marketplace.

And when third party suppliers sell products via Amazon they can also use a service known as Fulfilment by Amazon (FBA).

This means if you’re the seller, you simply deliver your stock of products to Amazon and they’ll handle all the logistics associated with product delivery to the buyer.

Fulfilment by Amazon (FBA):

If you want to sell products but you don’t want to handle your own packing, postage, and delivery then you can get Amazon to handle it all for you using FBA.

You can do it yourself of course but the point is that you really don’t have to because there’s an easier way.

So you can just focus on finding products that will offer solutions to the problems your target customers may have and then you just let Amazon do the rest.

And remember this; those products don’t even have to be new. They can be ‘second-hand‘ or used items too.

Second-hand products:

As long as you can find a suitable niche in second-hand products then there’s money to be made there, for sure.

Let me offer you an example.

Each year graduating students have textbooks to sell. Maybe you’ve had that experience, dear reader?

Essentially such students just want to get some cash back for those books they’re unlikely to read ever again.

The shrewd entrepreneurs recognize that there’ll be a ready market for those very textbooks at the start of the next academic year. New students are always looking for ways to obtain course textbooks at a better price.

So entrepreneurs offer selling students a quick way to turn their textbooks into a little cash.

And then buying students will be sold those same textbooks at a rate which will save them money on the price for the same book had it been bought new.

Set up a website:

Thus the entrepreneurial you can set up a website to attract booksellers and then through Amazon Marketplace the books you’ve bought cheaply can be sold at a profit.

And in that way, you can create a profitable second-hand book business.

You could repeat the same trick with music such as vinyl records and CDs, as well as films on DVD. Second-hand smartphones, tablet computers, and other technology items offer another entrepreneurial possibility. And don’t forget there’s demand for second-hand clothes as well.

Alternatively, you could source your own products, e.g. skincare products, cosmetics, household products, and so on and then you simply sell those via Amazon.

Plenty of people have created successful businesses with this approach I can assure you. 

Selling on eBay:

When people sell stuff at a boot sale or a yard sale, they usually sell at very low prices simply because they price items for a very quick sale.

This is stuff they need to get rid of as quickly as possible for whatever reason. And in that, there’s a potential opportunity for those with an entrepreneurial spirit.

You buy these items cheaply and you then resell them on eBay for profit.

More importantly, people sometimes sell valuable stuff at boot sales and yard sales for ridiculously low prices because they didn’t realize the real value of the item.

On the British television show Flog It, I saw a woman sell an antique vase at auction for £800 having originally bought it at a boot sale for just £1. Now that’s a very nice profit.

Yes, such examples would be the exception but shrewd people can and do make money this way and eBay is a great vehicle for doing so.

Affiliate Marketing:

Affiliate marketing is ‘commission only’ selling.

It works through an idea known as content marketing. The idea is that if you can direct traffic to a product seller’s website which results in a sale then you’ll get paid a commission for that sale.

The amount of commission can be as low as 4% or less from the Amazon Affiliate Program to as much as 75% from some items offered through programs like Clickbank and Commission Junction (or CJ).

The idea is that you create a website in a niche of your choice, generate content on known problems for which people are searching for solutions, and then recommend a product as part of the solution you offer. Then you include an affiliate link to that product and you’ll get a commission every time a sale is made.

How do you achieve this in practice?

Well despite its relatively low commission rates Amazon offers the easiest opportunity for the beginner. You sign up for the Amazon Affiliate Program and then identify a suitable niche that interests you.

Let’s say that niche is budget-priced sports shoes for women. Now the niche does need to be focused and quite narrow. The category ‘Shoes’ would be a bit too wide. You need to think about categories for which people will be searching via Google and other search engines.

Once you decide on a niche, you then create your own website publishing say reviews of a variety of those sports shoes for women.

And remember; those reviews don’t have to be your own necessarily. They could be a summary of various reviews you’ve read elsewhere with an overall rating based on what others have been saying. In other words, you’ve done the hard work for readers by providing them with a comprehensive summary of all the reviews out there and then providing a convenient link to Amazon so that they can easily make their purchase

Creating a review summary by curating input from other sources is perfectly legitimate as long as you acknowledge the different sources which form the basis of your article.

Why review sites are a good idea:

Review sites work with affiliate marketing because they capture buying intent and that’s important.

If someone searches for a review for an item on Google then the chances are they will buy if the reviews prove to be positive.

When producing your review articles the crucial action is to embed affiliate links within the text.

Getting readers to click on those links and taking them to Amazon is how you’ll make money. If they buy within 24 hours of clicking on a link then you will get paid a commission.

Amazon commissions vary depending on the number and type of sales for which you are credited each month.

So in choosing a niche you must think about product value too. Generate low-value sales and you won’t make much. However, sales for items with a bigger price tag can prove very lucrative.

That said generating some low-value sales can be a way of pushing subsequent bigger ticket sales into a higher commission rate. So don’t ignore them completely.

Content Marketing:

Essentially content marketing is the idea of publishing web content in order to provide the means for promoting products and services. Content marketing is closely linked with affiliate marketing but not exclusively so.

There are two types of content you can consider, as follows:-

(1) Written Content:

For instance, if you’re producing regular content and publishing it on your own blog then there’s the potential to generate an income through advertising.

Now selling advertising space on your blog or website is only possible if you have substantial amounts of traffic. If you’re just starting out you will not reach those levels for quite some time. However, what is known as pay per click (CPC) advertising could generate money for you right from the start.

Perhaps the best known CPC program is one offered by Google Adsense. You sign up for this program, then embed Google’s links in your blog and they will insert advertising on your blog that is relevant to your content.

EZOIC is another excellent advertising opportunity for new content marketers and bloggers.

Every time a reader clicks on an advertisement you will get paid and it’s not purchase-dependent. Readers only have to click for you to get paid.

The trick with Adsense and EZOIC is to have a very narrow focus for your blog.

Here’s an example. Let’s say your blog is about how to keep chickens and deal with blights like red mite. You’ll attract search engine generated traffic from people desperate to deal with the problem of red mite. Google or EZOIC will insert ads from companies offering products that will help with this problem and desperate people are likely to click on those ads to see what’s on offer. They click you get paid.

As long as your subject matter is focused and narrow, and ideally based on a highly searched keyword or phrase, then this can be a way to generate decent money. However, the traffic levels to your blog will have an impact on how much money you can reasonably make.

(2) Video Content:

Another way to benefit from Google Adsense is to create your own YouTube channel, produce videos and again insert links from Google so that relevant pay per click advertising will appear on and around the video. Again if people click then you get paid.

Write eBooks:

Devices such as the iPad, the Kindle and other eReaders, provide you with the opportunity to self-publish your own eBooks and sell them through Amazon.

You may not be able to come up with the next Harry Potter work of fiction but there is good money to be made writing ‘How To’ books on just about any subject.

They don’t even need to be that long either.

As little as 50 pages or 8,000 – 10,000 words covering a topic of general interest can be enough to produce something that will sell for one dollar or one pound sterling. That might not seem like a lot but sell 1,000 of them and you’ve made a decent sum of money.

Write something on an evergreen topic and it could sell for years.

If you then write several eBooks like this, again on evergreen topics, that could become a decent income stream.

And what do I mean by evergreen?

These are topics for which people have always looked for solutions. That might be something like tips for good time management or how to lose weight, and so on.

And even if you’re not an expert you can research the necessary information and pull it together for people. Essentially you will be doing the work for your readers.

Develop Apps:

If you can learn to write code, and of course, you can learn to write code, then you can also learn how to develop apps. If you can develop a killer app and sell it through the App Store then you can make serious money.

And a great app might attract a corporation to buy it for big money. By way of an example, the app Wordle was sold to the New York Times for in excess of $1 million. That’s a decent payday, don’t you think?

OK, so you’d love to develop an app but you don’t know where to start, right?

Well, there are endless videos and tutorials on YouTube and from these, you can learn how to code and develop apps.

Yes, there’s some work to be done upfront of course.

However, a good app will generate money for years to come. Just think about apps like Candy Crush Saga.

Produce something which becomes a real fad and there’s serious money to be made.

11 things to bear in mind:

If becoming self-employed appeals to you and you fancy making money as an online entrepreneur then here are 11 things you should bear in mind:-

  1. Know your target customers.
  2. Know your target niche or niches
  3. Know your strengths and interests?
  4. Apply your strengths and interests to serve customers
  5. Recognize that different markets need different strategies.
  6. Make sure you’re capturing buying intent.
  7. Create an image that will appeal to your target audience.
  8. With a website, traffic matters.
  9. Search engine optimization (SEO) will bring traffic.
  10. Getting backlinks from other websites will help with SEO.
  11. Be determined, work hard, and learn as you go.

6 things you must do when you’re self-employed:

(1) Register with the tax authorities: Make money by all means but pay your taxes too. Upsetting the tax authorities is not a good idea dear reader wherever you live. In some countries, tax regimes are more benign than in others but it’s always better to keep the tax authorities happy.

(2) Register for sales taxes and VAT: Again it’s all about paying your dues. If you do well financially then you have an obligation to share some of your wealth with the rest of society. Taxes are the price we pay to live in society and you can’t have a successful business without the society in which you live.

(3) Get a separate business bank account: Keep your business activities completely separate from your personal life. This’s very important.

(4) Keep accurate and up-to-date records: You’ll need these in any dialogue with the tax authorities. You don’t want to end up paying more in tax than was necessary. Paying your dues is one thing; overpaying your dues is careless.

(5) Insure your business: When you’re in business, you’re required by law to have certain insurance policies in place. Exactly which policies you need depends on the nature of your business activities. Make sure you know your obligations and act accordingly.

(6) Keep it simple: In the early days, you don’t want to be spending money you don’t have on things that are initially unnecessary. So keep everything as simple as possible for as long as possible.

Conclusion:

Self-employment can be an attractive proposition and for most people, it is the only way you’ll ever make a fortune. It’s not easy of course but it can be done and you don’t have to ditch your day job to get started.

With an online business, you can start small and build it up over time. And you can mix and match options. For instance, you can start a website for making money with both affiliate marketing and Google Adsense or EZOIC.

A good review website can become quite profitable and once it’s generating revenues on ‘autopilot’ it can become an asset that you can sell for serious money. There are plenty of examples where such sites have sold for 6 and even 7 figure sums.

Don’t underestimate the challenges of course but it can be done and people do. Why not you?

So, think carefully about how best you can exploit the opportunities before you and then have a go.

Good luck and may you be the next Richard Branson.

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To find a job you’ll love start with these questions

To-find-a-job-you-will-loveMost people, if they’re lucky enough to have a job at all, are in jobs for which they have little or no passion. They just do whatever they have to do to ensure they have a regular income. It’s a living but it’s hardly a life, don’t you think?

If you’d like to find a job you’ll love doing then start by asking yourself some searching questions like these:-

Questions to ask yourself:

  1. What activity gives you a genuine buzz?
  2. What activity would you regard as more fun than work?
  3. Do you have a genuine talent for some particular activity?
  4. What activity makes your eyes sparkle with enthusiasm?
  5. What would you do as a hobby if you couldn’t make a living at it?
  6. In which activity would you not have to be asked twice to participate?
  7. In what activity would you be so absorbed that you’d completely lose track of time?
  8. For what activity would you willingly rise early, knowing that this was on your day’s agenda? 

Why the answers are important:

The answers to these questions will help you to identify the activity for which you have passion and enthusiasm.

If you can identify a job that consists primarily of activities consistent with the answers to these questions, then the chances are that you’ll have found the job you’ll love to do.

And as the saying goes, find a job you love and you’ll never work a day in your life.

Now, getting that job won’t be that easy, of course.

However, knowing what you really want is the first step on the road to success.

If you have a real talent for your work then you’re likely to enjoy what you do. If you enjoy what you do, then you’re likely to do it well. Do it well and people will notice. And once people begin to notice you for the work you do then your career will start going places, potentially to places beyond your wildest dreams.

Finding a job for which you have a passion really can lead you to success.

So go on, start reflecting on these questions and then ask yourself, is what I’m doing now consistent with the answers? A negative conclusion would imply that it’s time to make some changes.

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Thank you.

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How to love your job when you hate it

How to love your job when you hate itHow to love your job when you hate it? A question I’ve been asked numerous times. My response is always the same. The best way to appreciate the job you have is to imagine your life without it.

That starts with taking a closer look at what’s good about it.

Life’s too short to hate your job:

Do you hate your job dear reader?

Do you tell everyone, at every opportunity that you hate your job?

By telling everyone you hate your job, do you imagine they’ll be impressed, or in some way feel sympathy for you?

Maybe you think, by doing this, your fellow workers will regard you as someone who’s unafraid to speak their mind?

Perhaps you think that in the eyes of your fellow workers this approach will make you look good, maybe?

Hold that thought and then consider this question. How do you feel about working with someone else who’s always moaning about how unhappy they are in their job?

Do you admire that person?

Do they impress you with their negativity?

My guess is that your response to my question will be negative. I’m sure you’ll be unimpressed with such people.

Everyone hates a moaner:

If you imagined that moaning about how unhappy you are is the best way to get people on your side then seriously you need to think again. Everyone hates a moaner, whatever indications you’ve heard to the contrary. Let me tell you this, no one’s impressed.

Your colleagues may not actually say so but they’ll find your negativity irritating at the very least. In fact, it’s probably driving them all nuts.

Life’s short and it’s hard enough for most people. So having some moaning Minnie constantly bringing them down just makes life harder.

Constant negativity is just a pain in the rear for most people.

Imagine your life without your job:

If your current mindset means you hate your job right now then the first thing to do is start changing that mindset. Start by looking at your job in a different way.

How?

Well, imagine your life without your current job? What would that be like? Think about that question carefully and be honest with yourself.

Without your job you’d have nothing to do; no reason to get out of bed; nowhere to go; no sense of purpose; nothing to challenge you; no money; and you’d be without the camaraderie of your fellow workers. You’d probably feel lonely and lack any real social life too.

How would that make you feel?

Would you feel better about yourself without those things?

I’m sure if you’re honest with yourself you’d realise that work gives us far more than we realise. I don’t think you’d really be happy without all those things mentioned above.

So the best way to begin appreciating your job is to imagine your life without it.

No job is perfect:

Most jobs come with an element of frustration and a spoonful of tedium. That’s life.

No job is perfect but no job is all bad either.

It’s just a matter of how you choose to look at things.

If you focus on the bad things then everything will seem bad. However, if you focus on the good bits then your job can begin to look very different and you’ll start to feel more positive about your work.

The fact is we all need to do something with our time, surely?

Even millionaires need to have something to fill their time.

There are only so many holidays you can take and so much shopping you can do.

Eventually, everyone needs a sense of purpose and we all want to feel that we’re making a contribution to the world around us.

Life’s a short movie:

Life’s far too short to be unhappy.

So if you hate your job then you have two choices:-

  1. You find another job; or
  2. You start looking differently at your current job.

And before you start searching the vacancy columns or the job websites, think carefully about what you might be throwing away, should you leave your current job.

Moving to another job doesn’t guarantee that you’ll be any happier.

Neither will it guarantee that you’ll find the perfect job for you.

So it’s worth thinking seriously about your current job first. At least it’s the devil you know.

Can you begin to look at your current job differently? Perhaps you need a little help?

I really hate my job:

Here’s a great motivational speech from the one and only Zig Ziglar that you might find very useful.

It’s full of great advice and well worth a few minutes of your time.

If you don’t like your job right now then you really should watch it.

Even if you do like your job, watch it anyway. I found it truly inspirational. So take a look at it now.

Further Listening:

I’m a huge fan of Zig Ziglar but I recognise that he had an evangelical presentation style that’s not to everyone’s taste.

However, if you can get beyond that presentation style then his words are inspirational and informative.

I particularly like his audiobooks which I listen to constantly when I’m driving.

One audiobook I can recommend is:-

The Born to Win Seminar

Listen to this and I promise you it will help you discover your untapped greatness and guide you towards greater success in life.

I bought my own copy of this audio program for my own personal library and it was well worth the price. I listen to it over and over again and I always find something new in his words.

You can check this audio program if you just CLICK HERE.

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How to improve your life quality and have much more

How-to-improve-your-life-qualityHow to improve your life quality? That’s a question we often ask ourselves when life does not quite meet our expectations.

Embarrassed by circumstances:

Have you ever been embarrassed by your limited circumstances?

All your friends were going on a night out perhaps but you couldn’t join them because you simply didn’t have the money, perhaps?

You really wanted to join them of course but wealth and financial freedom were nothing but a distant dream for you at the time.

Maybe you’ve not had that particular experience but something similar, possibly? The actual situation for you may have been different but your sense of embarrassment will not have been any less painful and hard to bear I’m sure.

In one of his audio programs, Jim Rohn tells a story about an event that drove him to take a very close look at his life.

Apparently, a Girl Scout called at Jim’s house one day selling Girl Scout Cookies as part of an annual fundraiser. In exchange for the cookies, all she asked for was just two dollars.

This was many years ago of course but even then this was not a huge sum of money.

However Jim’s problem at the time was that he didn’t even have two dollars to spare, so he was reduced to lying to the poor girl. At this point, wealth was something Jim had yet to encounter.

Money does matter:

Now some people will tell you that money doesn’t matter but it does. In our world today you can no more live without money than you can live without oxygen or water.

Exactly how much money you need depends on your preferred lifestyle of course. If you don’t want much out of life then you’ll get by on very little money.

However, most of us do want more out of life hence having at least a degree of wealth does matter.

Wealth and financial freedom:

Put simply, wealth means financial freedom.

Financial freedom in turn means you are able to do what you want whenever you want without feeling constrained by your circumstances.

A worthy aim, therefore, is to decide what you want out of life and then start working towards building your own wealth.

It all starts with change:

Have you ever thought to yourself, I don’t want to live like this anymore?

Perhaps you’ve said to yourself, I want more out of life?

You want more but the problem is you have no idea how to change your circumstances, right? If you’re in need of a little help then don’t worry dear reader, you’re not alone.

However, one thing you must accept is that unless you change nothing will change.

You must increase your value:

Perhaps you look at your salary each month and think how can I start building wealth when this is all the company pays?

If that’s how you think then you’ll need to change your philosophy or the way you look at things.

The salary you get may be all the company pays you but it’s for the value of the contribution you make.

There will be other people who are paid a lot more than you. They’re paid more than you quite simply because they’re considered to be more valuable than you to the company.

I’m not suggesting that you’re not valuable. You are as a father, a mother, a brother, a sister, a friend or even a colleague.

However, my point reflects your economic value to your employer.

It’s a fact that if you’re in a low skilled job where there’s an over-supply of potential replacements for your services then you won’t earn much. That’s simply the economics of supply and demand.

However just because you’re not more valuable now doesn’t mean you couldn’t become more valuable.

You can increase your skills with a little effort on your part and you can become more valuable. Become more valuable and your income will rise.

So whilst your circumstances may be limited right now they don’t have to remain that way.

You can work on yourself; improve yourself. It’s all about self-improvement and personal development.

Success can be yours:

Success doesn’t just happen to people. No one just gets lucky.

If you asked the CEO of Microsoft how he got to where he is, his response is unlikely to be, “Well I just showed up for work each day and they just kept promoting me.

No, he’ll have worked very hard to get to his lofty position in life. You don’t get anywhere without hard work.

However, you attract success by the person you become and you really can become more than you are now.

Jim Rohn suggests that profits are better than wages and he has a point.

Every rags-to-riches story I’ve ever heard always involves someone’s own business. They started their own business, worked very hard and one day they became very rich.

Build a business:

Now you’re probably thinking, I don’t have the money to start my own business and I can’t afford to give up my job on a whim.

That’s all true I’m sure but some people keep their job initially and start their own business as a part-time enterprise.

Jim Rohn himself built his success that way.

Jim began life in modest circumstances but he went on to become a millionaire and one of the most influential thinkers of our time. And in case you’re wondering, no he didn’t go to university.

It can be done; people do and you can too.

Just make up your mind to start working on yourself.

Increase your value and look for opportunities to solve problems for people.

Solving problems is the basis for any business. Every product should solve a problem for consumers.

The psychology of wealth:

There’s psychology linked to building wealth and you would be wise to understand it.

In the embedded video included here, Jim Rohn explains the psychology of wealth and provides a lot of sensible advice.

Jim was a successful man by any measure and it’s always worth listening to people who’ve achieved success. They know what they’re talking about because they’ve been there and done it.

He offers simple messages that are thought-provoking and powerful.

This video is well worth your time and I recommend it to you. Watch it now whilst you have the chance.

Recommendations for your personal library:

Personally, I think Jim Rohn is one of the best motivational speakers I’ve ever heard and he’s been a big influence on me, that’s for sure.

He’s produced many books, videos and audio programs over the years and all of them would add real value to your own personal library.

Two I can strongly recommend you add to your personal reference library are:-

Book: Seven Strategies for Wealth & Happiness by Jim Rohn

Audio Program: The Art of Exceptional Living by Jim Rohn

I purchased both of these some time ago and I still use them constantly as sources of inspiration and motivation.

The audio program is particularly useful as I listen to it whilst driving. This means I can use my travel time profitably. Why listen to the radio when you could be listening and learning whilst you drive?

Purchasing these items represented money well spent for me and I’ve found them enormously useful and I strongly recommend them to you.

Click on the links and check them out.

Even if you don’t buy them they’re certainly worth considering. Go on check them out right now whilst it’s fresh in your mind.

Should you make a purchase, you will not regret buying them, of that, I’m very confident.

DISCLOSURE: 

This website is an Amazon affiliate. Should you click on any of the links included in the text above and you then make a purchase, you should be aware that this website will receive a small commission. However, there will be no additional charge to you in making that purchase. Nevertheless, these commissions do serve to cover the cost of maintaining this site, so you’ll be helping to ensure that this resource can remain available free of charge to readers. Your understanding is truly appreciated, dear reader. Thank you.

Please share this post with your friends:

Did you find this article interesting and useful dear reader?

If so, then please share it on social media with your friends. When you share, everyone wins.

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Thank you.

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The real cost of television? The answer will surprise you

real-cost-of-televisionHave you ever considered what the real cost of television is and the effect it has on your life?

When you’ve worked hard all day, I’m sure you find it so easy when you arrive home in the evening, to have a bite to eat and then relax in front of the television? You just passively watch whatever’s on offer because it’s your time now, right?

If you’ve worked hard all day you deserve a rest, surely?

Anyway, you’ve got a nice television and it cost you a lot of money, right?

So of course, you want to make the most of it, don’t you?

If you’ve spent all that money, why would you want to waste such a fine piece of technology by not using it? Surely that’s a reasonable argument?

Well, it’s an argument of course but have you ever given serious thought to the real cost of that television to you? How much do you think it really costs?

Now I’m not referring to the price tag in the store when you purchased your television, though even that’s not insignificant.

I’m actually referring to the opportunity cost of the time wasted passively watching television.

Never forget, time is money. And time wasted watching television could have been used doing something that would have been far more profitable for you, in the longer term at least.

Deep down I’m suspect, in your heart, you know that dear reader, don’t you? Nevertheless, knowing and acting on the knowledge you possess are two different things.

real-cost-of-televisionHow often do you hear people say things like, I’d love to earn more money; I’d love to have a better job; I’d love to learn another language; I’d love to learn to play the piano; and so on. Then you’ll hear them say, if only I had the time.

Do you recognise yourself anywhere there, dear reader?

The simple fact is when it comes to time, we all have exactly the same amount, 168 hours each week. It all comes down to how you choose to use and prioritize your time.

Successful people recognise that time is their most precious resource and they use it wisely.

People who succeed have a genuine sense of purpose and they’re very focused on their goals. They know what they want and they have a plan as to how they’ll get it.

Do you have a genuine sense of purpose dear reader?

Have you got a clear idea in terms of where you’re going?

Do you know what it is you want out of life?

Perhaps life is something that’s just happening to you and you’re just going with the flow? That’s an acceptable strategy if you’re willing to accept whatever life dictates.

However you must ask yourself, are you really happy with your life and the share of life’s pie you’ve been given so far or do you want more?

Well, let me tell you this dear reader. For things to improve, you must first learn to use your time wisely.

Remember; time is more important than money because you can always get more money but you can’t get more time.

Secondly, you need a clear sense of direction and your own plan for how you’ll get to where you want to go. Without direction and a plan, you’ll be destined to be used as part of someone else’s plan.

However, that’ll only be for as long as you can serve some useful purpose to them.

Once you no longer serve any purpose to them you’ll cease to be part of their plan. And then you’ll be scratching around looking for another way to earn a living. The world is an unforgiving place, that’s for sure.

Work is just doing stuff for other people in exchange for money.

However, we don’t just get paid for the hour. Our pay is dictated by the value we put into that hour.

The more value we can add the more we’ll earn.

And to add more value we must be increasing our knowledge and skills constantly.

We reap what we sow.

If we fail to reap, we cannot sow.

And how can you reap if you spend your life passively watching television? Time wasted cannot be recovered.

In my experience, we get out of life exactly what we put in. The more we put in the more we’ll get out.

The obvious question is, how can you get more out of life?

If you’re happy to go through life passively watching television but struggling to make a decent living then that’s fine, if that’s what you want. Just keep doing what you’re doing. Waste as much of your time as you like.

However, if you want more than that then it’s time to start designing the life you want and avoiding time-wasters like television.

It’s time to decide where you’re going; what you want out of life; and it’s time to develop your own plan for success. And above all, it’s time to stop wasting your time.

You can be a winner. Anybody can.

However, it does require some effort on your part and a clear sense of direction though. That’s a given.

A great source of inspiration:

And if you’re really going to be a winner, in addition to using your time wisely, you’ll also need a constant source of inspiration to keep you motivated.

One of my greatest sources of inspiration is the late, great, business philosopher Jim Rohn.

You’ll find plenty of videos featuring Jim Rohn on YouTube.

However, you might also consider buying one of Jim Rohn’s audio recordings to listen to in your car or on your smartphone or iPad.

One Jim Rohn audio recording that I can highly recommend is The Art of Exceptional Living.

I bought my own copy of this audio recording a couple of years ago but I still listen to it when I’m driving and each time I listen I get something new out of it.

This audio recording really is an exceptional source of inspiration in my opinion.

You can check it out on Amazon if you CLICK HERE.

DISCLOSURE: This website is an Amazon affiliate. Should you click on any of the links included in the text above and you then make a purchase, you should be aware that this website will receive a small commission. However, there will be no additional charge to you in making that purchase. Nevertheless, these commissions do serve to cover the cost of maintaining this site, so you’ll be helping to ensure that this resource can remain available free of charge to readers. Your understanding and support are truly appreciated, dear reader. Thank you.

Please share this post with your friends:

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What is grit and why is it important?

What-is-gritWhat is grit? I’ve heard this word a lot recently. And of course, the obvious supplementary question is, why is it important?

I’m referring to a term used in psychology to represent a positive, non-cognitive personality trait based on an individual’s perseverance of effort combined with the passion for a particular goal and a powerful motivation to achieve it. Allow me to explain.

Have you ever noticed that the smartest people are not always the most successful? Obviously, success can be defined in different ways but for most people, their measure would usually revolve around money and prestige.

If we take money as the measure for success, then you’d think the smartest people would easily come out on top on that score, surely? Yet you’d be wrong.

We hear stories frequently about college professors who struggle financially whilst at the same time tradesmen like bricklayers and plumbers become millionaires. How can that be?

Surely the smartest people have a natural advantage? Well, actually they don’t.

The people with the real, innate advantage are those with this quality known as grit.

So exactly what is grit? It is an inner steeliness. It is courage and resolve. It is a strength of character. It is drive and desire. It is passion and motivation. It is a willingness to persevere until the desired result is achieved. It is a determination to achieve a goal and a willingness to take calculated risks.

It is a fact that doing well in life depends on much more than academic ability and your capacity to learn quickly and easily.

Having those qualities is useful of course but in the absence of grit, you’d still be at a disadvantage.

Someone of average academic ability but with a shed-load of grit will be better placed to achieve real success in life.

What is gritPeople with grit intuitively recognize that life is a marathon, not a sprint.

They’re willing to experience failure because they know that failure is a temporary outcome, not a permanent position. And they’re willing to fail and then start over using the lessons they’ve learned from the experience.

So what’s the key to success? It’s the need to get grittier!

Angela Lee Duckworth makes this point admirably in this excellent TEDxTalk video and it’s well worth a few minutes of your time. It’s an interesting video and I think she nails the point perfectly.

That’s what I think but what is your opinion?

Could there be such an easy answer or is it all much more complicated? I’d be interested to hear your views.

Grit: The power of passion and perseverance:

Further Reading:

If you’d like to know more about grit and Angela Lee Duckworth’s ideas about the secret of success then read her excellent and Number 1 best selling book Grit: Why passion and resilience are the secrets to success.

It’s well worth the cover price and you can check it out if you CLICK HERE

DISCLOSURE: This website is an Amazon affiliate. Should you click on any of the links included in the text above and you then make a purchase, you should be aware that this website will receive a small commission. There will be no additional charge to you in making that purchase. However these commissions do serve to cover the cost of maintaining this site, so you’ll be helping to ensure that this resource can remain available free of charge to readers everywhere. Your understanding and support is truly appreciated, dear reader. Thank you.

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The importance of making mistakes to achieving success

Making-MistakesAs children, we’re often taught that making mistakes is a bad thing.

For instance, many parents will actively discourage their children from doing anything that might lead to them making what, from the parents’ standpoint, appears to be a serious mistake.

Would this be an experience with which you’re familiar, dear reader? Well, I am, let me tell you.

The human experience:

However, I’ve learned that making mistakes is an essential element of the human experience as we progress on our journey down life’s highway.

There’s no road map for this journey, you learn as you go along and use what you’ve learned to improve your life as best you can.

As you journey down life’s highway, of course, you face an endless stream of choices at various times in your life.

Each time you come to a fork in the road, a decision must be made.

Daunting as this may be at times, you must always remember that every decision you make will be a valid one. It may not prove to be the right one but that doesn’t make it any less valid based on what you knew at the time.

Allow me to explain.

Almost every decision you have to make will have been based on imperfect information. That’s the nature of life in the modern world.

So, all you can do is to use your judgement, weigh up the pros and cons, and act in good faith.

Inevitably, outcomes won’t always be favourable to you but that doesn’t mean you’ve made a bad choice. It just means life has a lesson you must learn.

That’s the thing about mistakes they’re just lessons that over time provide you with that valuable commodity known as experience.

And never, ever underestimate the importance of experience when it comes to achieving success.

Lessons learned won’t be forgotten:

What you learn from your mistakes is far more important to you than anything anyone can tell you in a classroom. You’ll never forget those things you’ve had to learn the hard way.

Life is not called the ‘School of Hard Knocks’ for nothing.

If you believe in yourself and your ability to use your own judgement and you accept that you’ll make mistakes occasionally, then you have the ability to cope with just about everything life throws at you.

Just make decisions to the best of your ability and knowledge and then, if they don’t work out, just look for the lesson and learn it well.

Never let anyone tell you that making mistakes is a bad thing because it’s not.

Despite anything people will tell you to the contrary, there’s nothing wrong with making mistakes because that’s how you gain experience and that’s how you’ll grow in character.

Once is fine; twice is not:

That said, whilst making a mistake is perfectly reasonable, making the same mistake frequently is not.

Make a mistake once and that’s fine; make it twice and you’re starting to look a little bit careless. Make the same mistake three times and people will start to have serious doubts about you.

making-mistakesAn essential element of success:

No one ever mastered anything without making mistakes.

Whatever you choose to do in life, you start as a complete beginner like everyone else.

If your aim is to be a success in your chosen profession, then you must get out there, have a go, make mistakes, learn from them and keep refining your craft until you’re the best, or at least as good as the very best.

It can be done and people do. You can too.

However you must accept that you’ll make mistakes, and as long as you don’t make the same mistakes too often, you’ll be fine.

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If the idea of the importance of making mistakes resonated with you in some way then please share this post with your friends on social media.

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