Jul 292013
 
Habits do make (or break) you ...

… in this case, financially.

I recently came upon a post in social media-land that made me stop, read, bookmark it, print it off, and begin to share w/ others.  That’s saying something, in a virtual oasis of information that never ends! There is so much information out there in our modern world, much of which eludes our eyeballs. In many cases, this is for the better, since the information is of 90% (below par) quality per Sturgeon’s Law (Five Levels of Decline/FLD), however, I’d say what I’m going to reference and point the readers to below fits into the 10%.

What do the rich do daily that leads them to financial success that the unsuccessful don’t? Mr. Corley+ lists 20 separate things (see below URL/link for the citation). For the purposes of this post, am going to pick several of them that stood out to me based on my ongoing personal/professional/leadership journeys.

First, let’s use a disclaimer. If you listen to too many politicians, or those who lack results, you may think that the rich are to be disdained. Certainly, some of them lack people skills and don’t properly manage their wealth/good fortune; others earned it through less than admirable means; and a small handful inherited their money, and likely have zero per cent appreciation for where it came from. Put these 3 categories aside. This post has nothing at all to do w/ them.

Onto the list >>>>>>>>>

First:  63% of the wealthy listen to audio books during their commute v. 5% of the poor.

* Personal testimonial. I used to be part of the latter. Now, I always use my vehicle and commute time, regardless of time spent (3 min. drive, or many hours) as a rolling university. Over the past 3 years, I’ve listened to somewhere b/w 500 and 1,000 audios, inc. numerous books. What it’s done for my thinking, habits, and results is very clear.

Second: 88% of the wealthy read 30 mins. or more each day for education / career reasons v. 2% of the poor.

* Personal testimonial. Again, I was part of the latter. I would read a book here & there, usually a political ‘screed’ that just made me angry at one politician, party, or law, or sometimes a fiction book. Now, I read from many different genres: I presently have 4 books in progress:  1 economics; 1 finances; 1 leadership/history; and 1 human relations/people skills. And, over the past 3+ years, I’ve read over 100 different books, several of them multiple times. Again, the difference that it’s made is beyond obvious.

Third: 67% of wealthy watch one/1 hour or less of TV/daily v. 23% for poor.

* Personal testimonial. Up until 2 1/2 years ago, I watched (or had in the background for sound) roughly 4 hours of TV most days, and sometimes, 8-12 hours if I was home and didn’t have anything else to do. (!?!?!) – and in that time, my financial success was very limited. Programming, advertising/PR, and marketing only encourage consumption and you’d have to search far and long to find anything on the tube that teaches wealth principles. Now, I watch zero hours of TV/day, and with very limited exceptions due to the mobile web & the internet, I do not miss it. And, I’ve learned a ton of principles, lessons, and nuggets that will lead to far better financial results.

Fourth: 79% of the wealthy network 5/five or more hours/month v. 16% of the poor.

* Personal testimonial. The value add for focused networking is unquestioned. Meeting new people leads to bigger networks, and in the connected age in which we live ( read Godin and Gladwell to better understand. ), this is a crucial component of growing wealth. I used to watch all that TV — see above — and my circles of influence were stagnant. Now, I have stacks of business cards, numerous new friends, and I am out there at various events on a recurring basis.

Fifth [ and last, for this post. ] : 86% of wealthy folks believe in life-long educational self improvement vs. 5% for poor folks.

* Personal testimonial. This is tough to hear for those who have minds that are finite – perhaps they made excuses for their situation; or, they believe that their credentials (degrees, certifications) mean they have “arrived” and there’s nothing else to know/learn; or, they have a fixed mindset (instead of one of growth). Any of these can easily be overcome, however, it will take changing the information at the front end x increasing humility x adding honeability. Toss in a bonus of understanding the crucial difference between investment and expense, and you will easily grasp that learning and deep seated education, which is often self-directed, never ends. ‘What we know is but a drop, and what we don’t know is an ocean.’

 

I hope you, the reader, found this post to be very insightful!  Learn from it, and make the changes right away – don’t “try” them, just “do” them!   All the best at all times!

——-

+ http://www.richhabitsinstitute.com/ = Mr. Corley’s site ( the article URL was cited by Dave Ramsey )

Jul 242013
 
The Three Most Important Q's you will ever ask yourself

Who am I?

+ Do you know what drives your economic engine?  Your faith/spiritual walk?  Do you embrace liberty & know the meanings of freedom?  Do you have a family that means the world to you?  What is your WHY? +

Where did I come from?

+ What are your roots & even more to the point, do you know WHY you believe WHAT you believe?  Be an independent thinker at all times; let no media, PR/advertising, or other outside influence sway you without heart, spirit, and mind being engaged through your own research. +

Where am I going?

+ Do you see your future clearly, whether over present day obstacles/challenges, or clear as the blue sky above?  Do you have a 1,3,5, 10 year vision?  Is your subconscious mind pulling your conscious mind along for the ride to your dreams?  Do not plan more for your wedding, vacation, or your ‘weekend’ more so than your life. The latter is far too important to drift through w/o focus, hard/smart work, & chasing something far bigger than your present reality. +

 

Jul 112013
 
Offense, Defense, & 'Playing' Field ... for Finances / Economics

Economics. Finances. Government budgets. Money. Investing. Spending. Bills.

What emotion(s), thought(s), or image(s) spring to mind when you heard these words?

Fear?

Confusion?

Uncertainty?

Confidence?

I hope that you can answer in a very positive way, however, with the way our culture and society have been so heavily commercialized, flooded with PR/marketing/advertising, and political mumbo-jumbo ( to put it mildly ), I would suspect that the emotion, thoughts, or otherwise would veer rather strongly to the negative, or perhaps just indifference.

Then, let’s introduce an equation which is far from original, yet can help dispel many many myths, confusion, and other maladies which are preventing the mass of our great republic from being able to earn their freedom  – financially ( from being a slave to debt & time ), spiritually ( to be able to donate freely to charities and church/faith organizations, if desired ), socially ( to be able to share wealth with those less fortunate, inc. struggling families , single parents, et al. ), and personally ( becoming educated and empowered, instead of programmed & trained to borrow, spend, and not invest in ‘You, Inc.’

 

INFORMATION  ~~~>  THINKING ~~~> ACTIONS/HABITS ~~~> RESULTS

 

May I take the liberty to recommend digging into some world class, gold medal information which is a compilation of nearly two decades of wisdom gained, education earned, and lessons learned through the vehicle of PDCA? (plan/do/check/adjust-act)?

Please watch this short vid clip

& click through the various options (workbook, forms, full package/set)

It would be a privilege to share with anyone how much this information has changed my economic & financial thinking from the inside-out. I will never look at money, budgets, investment, or spending/expense the same again. For the better. Way better. Immeasureably better.

Have a terrific evening & enjoy every minute of your day. Its a blessing to be alive & well!