The 4 Money Principles That Will Make You Rich

Everyone wants to be rich, to have enough money to live and create their dream life without the need to work for someone else to make that money.

But most people believe that it is only the very lucky who will get there, or have to rely on a lottery big win to ensure that happens in life.

Here’s the truth – ABSOLUTELY ANYONE can be rich enough to have the life of their dreams with commitment and dedication.  

All you have to do is know and trust a few simple money principles and keep your eye on your financial goal.

Here are the four principles tried and tested that will get you to your goal.

Step 1: Start investing in your future today and DON’T STOP!

The single most important principle, and the younger you apply it the better, is to pay your future self a portion of every pound you earn right now.

A good place to start is aiming for 10% of your Gross Salary each month to go straight to your future self in Pensions or Investments.

Reason being if you use a portion of your money each month to generate income when you choose to retire from working, you are creating security and income when the days come that you don’t want to or can’t work.

To aim for the Goal of financial freedom and retiring earlier than normal retirement age of 65 – you want to aim for as high a percentage of your Gross Salary as you can comfortably live, and usually at least 25% and above.

Understanding the power of Compound Interest on your money and investments, where the natural laws of time allow your money to grow and multiple faster, is key to this wonder of saving a portion of your money each month.

Normal savings accounts currently offer between 0.1% – 1% interest rates if you are lucky, so do all you can to feel comfortable and research investing in Stocks and Shares to get the maximum return on your money you are investing.  

A good place to start might even be to look at ISA accounts (Cash or Investment) where the government will not charge you Tax on your interest increases up to a limit of £20k a year per person.

If you feel confident enough to – Put your money into the stock market, giving someone else your money for short term to make more money with on their efforts and create passive incomes from your savings too.

Never pass up the opportunity for FREE ADDITIONAL Pension contributions from your employer towards your future.  

Most companies offer additional pension contributions as a way to effectively pay you a higher wage, without the tax costs to themselves.  

If you company offers your matched contributions, make sure you sign up to the maximum percentage you can afford as for every wage you put in they are also adding even more money to it for your future.

Want to become Financial Free? There is even some simple maths to find out the exact amount of money you need to have saved to generate income for life.

Simply take the total amount of money you need each year to live and survive, or have the life of your dreams with, and multiple that by 25 to give you your exact Financial Freedom Goal Number.

Next is to work on a plan to save and achieve it.

Step 2: Spend your money like it was your last penny.

Rich people who stay rich for life spend their money smarter than most people.

They take time to find the best deal, time to consider if they really need that purchase and make sure that it is an investment worth their while and won’t lose money.

Too often we end up mindlessly spending money on luxuries we don’t really need, so perhaps give yourself a 24 hour cooling off period each time you “Click to basket”.

Check if you truly want that item, have found it at the best price possible, before you hit the order button.

Take time to be more mindful with your spending and you will find that the pennies all start to add up quickly to a small fortune.

Step 3: Keep your living costs as low as you can

Minimise all your expenses and keep looking to exchange your hard earned money for what you truly love only.

When you start a journey to financial security or freedom, we need to take time review our spending habits each month and make sure what we spend money on is worth it.  

Regularly look for ways to reduce your subscription spending – think car, home insurance, phone contract costs, credit card charges and ask the company for a better deal.  

You can save potential hundreds of pounds back into your pocket with a 10 minute phone call and a little effort with comparison websites.

Test your spending every few months by taking non-essential bills (such as that magazine subscription or gym membership) and go “cold turkey” for a week or monthly only.  By setting yourself a temporary goal of going without for only a short time, the sacrifice won’t seem so tough and you never know what you might find out about your spending patterns in the past.

Use the 10% Overpayment Rule to get rid of as many debts as you can, if you can without any overpayment penalties.

By paying 10% more on your monthly repayments for any debts, such as your home, car, credit cards and store cards you will very easily and without noticing pay one extra monthly amount towards that debt each year.

That overpayment could take years off your payments, returning more money to your pocket sooner than the bank or company would have liked.

Step 4: Start your own side business.

We live in a world where a single source of income, one job all your life, is no longer guaranteed.

We also live in a world where we have information and resources are literally at the touch of our fingers via the Internet, and absolutely anyone can put in the time to start their own side business.

Look to start a side income to add even more money to build your fortunes with, and also something you are passionate about if possible.

When you are able to control and generate profit from your own business, rather than work for an Employer, there will be no limit to the confidence it will bring in our life and to your earning potential.

By diversifying your household income as much as you can with a few income streams is not only a smart thing to do, but a great way to protect your financial security in the future too with your own talents and merits.

Think about turning a hobby into a small weekend business, or perhaps using a talent from your main job as a freelancer for some income in the evenings.

Over to you now…

Source: https://blog.themoneyshed.co.uk/the-4-money-principles-that-will-make-you-rich/

Saving Money On 4 Huge Household Expenses

Most people suggest starting small when you want to save some cash and to go out less and skip your morning coffee. Of course, this works, and it certainly adds up over time, but it’s never going to add up to the kind of savings that most people are after. If you want to start putting tens or hundreds of pounds into your savings account, rather than pennies and the odd fiver, then you need to stop sweating the small stuff and focus on your biggest expenses; Housing, energy, transport, and food. Here are some things that you can do to cut costs.

Housing

Regardless of whether you pay rent or have a mortgage, your housing is likely to be your most significant expense, so starting there is a sensible move. The first thing that you can do is see if you can haggle with your landlord or mortgage lender to get reduced payments. This won’t always work, but sometimes it does and can save you a lot of money if you’re renting. It’s also useful in the short term if you’re on a mortgage, but, of course, means that you’ll be paying off your mortgage for a little bit longer, so think about it properly.

Energy

Energy is another huge money drain, which is unsurprising considering the number of devices that you have plugged in all day every day. To cut down your electricity bill, you need to be unplugging these devices when you’re not using them. You also need to make sure to switch off lights as you leave the room. Gas bills can also get pretty high, so you might want to consider installing double glazed windows to make your home more energy efficient. Of course, this isn’t cheap, but the windows will pay for themselves in no time.

Transport

The value of your car deteriorates over time, so you may want to think about selling yours now and consider other transport options. If your own car is a necessity, then this leasing broker has some cheap deals, many of which are sure to be cheaper than most car finance monthly repayments. This means that you’ll be able to afford a better car for less. If you can survive without a car, then public transport is even cheaper and is much better for the environment.

Food

Without self-control and proper planning, your food bill can get pretty big, so make sure you plan your meals and do a big shop at the beginning of the week, so that you know you’ve got everything that you need, and don’t order a takeaway last minute. If there is something that you buy a large quantity of, shop around and see where the cheapest place is to get it. Signing up for loyalty schemes, collecting coupons, and taking your own food to work can also save you a lot of money over time.

Running a household can get pretty pricey, so cutting the cost of big expenses is never a bad thing. With these pointers, you should find it much easier to do this, so that you can avoid living paycheck to paycheck and start saving up for something fun.

Collaborative Post

Source: https://blog.themoneyshed.co.uk/saving-money-4-huge-household-expenses/

OMN E001 | Money Mindset | Jamie Keeling & Kevin Bennison

Jamie Keeling (Little Grey Says Blog) and Kevin Bennison (SWL Training) discuss money mindset, limiting money beliefs and how to master your financial destiny!

The Monetary System Visually Explained

Ever wondered how money works? Seems a bit daunting sometimes doesn't it?

Here's a great explanation!

So You Think Money is the Root of All Evil?

Have you been guilty of this? 

What's the basis for saying that money is the root of all evil?

Is it money itself, or the people behind it?

How to master trading psychology | Brett Steenbarger

Trading and investing is such a great way to grow your wealth... if you know what you're doing!

But it's not just all about reading technical price charts and fundamentals... the psychology behind being in the markets is the main thing that so many people miss, and what causes most to fail.

Master your psychology with these great tips!

Your Personal Wealth Diary

There is a difference between getting rich and having wealth. I want to teach you to get rich, but I really want to teach you how to get wealthy. You can get rich quick but nobody gets wealthy quick. Wealth is the abundance of something in such surplus, that no condition can destroy it. It’s abundant—you can’t get rid of all of it. There’s so much that no matter what happens around the world, it can’t go away. Making a lot of money is one thing—getting wealthy is something entirely different. How do you learn to do what wealthy people do? To start, stop saying things like, “Money won’t make me happy” because that’s false. People who are just getting by talk about money as though it’s a bad thing—but I promise you having buckets of money isn’t going to be a reason you’ll ever be unhappy. I want to outline the mistakes that most people make that the wealthy don’t.

#1 Not Using Debt—You’ve been told don’t use it, never use it, it’s evil. My boy Dave Ramsey says all debt is bad debt. If you do your homework and don’t just listen to the popular thinking that debt is somehow killing everyone, you’ll understand there are different kinds of debt.   There’s time to use debt and there’s time not to. When do you use debt? There’s no always in anything. All big companies use debt. Debt can be used to expand a business. Debt is my ability to go into the marketplace and produce more income, not buy more things. I never use debt for consumption. Consumption is things like groceries or cars. Not all debt is created equal.   I use debt to build income. Debt is me going to the bank to borrow money to build my business. Look at Apple, they have $270 billion in cash. They borrow money from Japan. Why? Because they can use debt cheaper to explode income, to invest in equipment, and to do research to blow up their top line. I have over $200 million in debt. I’m not paying it—the tenants who live in my apartment buildings are paying down my $200 million debt while I get the write-off from the interest they are paying. So when do you use debt? When it makes you more money, when you get a write-off, and when you can expand your business. Don’t believe that all debt is bad—get wealthy by using debt smartly. 

#2 Money Shortage Mindset—If you were brought up poor or middle class you have a certain mindset. You believe that there is a shortage of money. Money doesn’t grow on trees, right? Well, there is more money on this planet than there are trees. You can print money faster than you can grow a tree. Money, here in the US, was actually printed from a cotton bush. By definition a bush is a tiny tree. That paper was cotton, so it’s not true that money doesn’t grow on trees. Money is everywhere. Go outside and look around—the cars, the buildings, the people wearing clothes and ties, the retail centers, and the purses. There is no shortage of money. If you were brought up poor or middle-class you were brought up by people that believed money was in shortage. Turn the lights out, eat all your food, save the pennies—look, a penny is a PENNY. Fix this money shortage mindset. Start looking for money. See how much money is around you. There is abundance and opportunity everywhere. Get wealthy by seeing abundance. 

#3 Looking at Prices—You know the old saying that if you have to know the price you can’t afford it? That’s actually not true.   Why are you looking at prices? If you’re looking at price you already have deceived yourself. Price is not your problem.   The price is not what you are buying. I did this for years—I’d go to a restaurant and look at the prices on the menu. Do you think the super wealthy worry about the price of a steak or a cup of coffee? Wealthy people don’t worry over price. They aren’t worried over a $30 book or a $1000 program. Their attention is focused on success. Be focused on your income. The average American makes $52,000 a year where the average cost of living is higher than $52,000 a year. 76% of all Americans live paycheck to paycheck in the wealthiest country in the world. It’s no different for a person in America than it is for a guy in India making $2 a day. Neither has enough income. It’s no different. All the attention is on what things costs. Shift your attention away from price because price is not your problem. The problem is you don’t make enough income. Looking at prices is an indication that you’ve contracted financially. Get wealthy by focusing on your income, not prices. These are just a few ways you can get started on the road to wealth. This is not a get-rich-quick scheme where if you start doing these things you’ll be a millionaire next week. These are rather broad principles that you need to embody if you ever want to become wealthy. Have you dreamed of becoming not just rich, but even super rich? Quit focusing on prices, refuse to see money as a shortage, and know that not all debt is bad. Get on Playbook to Millions for much, much more to get you on your way to your first million. People are doing it, when will you? The reality is there are two options, invest in yourself or give up on ever being wealthy. Which will it be?

Source: https://grantcardone.com/blogs/grantcardone/your-personal-wealth-diary

10 Ways to Make Passive Income Online

More passive income ideas? Yes please!

7 Steps to Recovering Your Business in ANY Economic Climate

Over the years I have personally talked with thousands of business owners, executives, and managers. I have seen a pattern develop time and time again during periods of loss or change. I can assure you that the rate at which you go through these stages determines how soon you can get your business back on track.

Here are the 7 steps that almost every business goes through at some point:

Step 1: Denial

This is a refusal to believe and accept that things have changed. All efforts and energy are invested into resisting that conditions have changed. This is the point when you have your head in the sand. This is Blockbuster thinking Netflix was a fad in 2003. 

Step 2: Anger/Blame

The next step inevitably finds a target to blame for the change. All energy and effort is spent on finding someone to assign blame as the reason for the current situation. Blaming others never does you good. Accept responsibility for everything in life!

Step 3: Bargaining and Hope

This next stage involves bargaining and hoping for someone to save you. This is a low level of responsibility. For example, think of people waiting for the banks to free up capital or the government to come in and play Robin Hood and save you.

Step 4: Apathy

Eventually you come to realize that things have changed and no one can save you. This results in people moving into major contraction and worsening of their own condition by saving money, energy, resources, creativity and any efforts to find a way out. This is a stage of quitting or withdrawing.

Step 5: False Acceptance and Action

The next thing is a spurt of effort to accept conditions and doing something about it resulting in inconsistent and disappointing actions. Most underestimate the degree of change (pain or loss) and then take actions based on their underestimation. 

Step 6: Disappointment (another level of apathy)

Because little actions never result in satisfactory levels of production, you will feel more disappointment, confusion and possible frustration. This disappointment should prepare you for true acceptance of the situation and what is required to dig out.

Step 7: True Acceptance Stage

This last stage is where you or your team becomes fully aware of the amount of change for the first time and are now prepared to let go of the past and move into the future. You realize you need new skills. In this final stage, you will experience a reinvigoration and excitement about your business.

You are ready to take your business back to prosperity when you can answer “yes” to the following:

1. Are you no longer concerned with who is to blame but rather what you need to do?
2. Do you believe that no one is going to come in and save the day? 
3. Are you disappointed in the results from the actions you’ve taken? 
4. Is it time to learn new actions, new skills, and new approaches for the new economy or marketplace?

Get on on Cardone University—get your entire team on the platform—and start transforming your business today! And when you get on Cardone University today you get exclusive access to 10X Growth Con, an event that WILL sell out. Don't wait for any outside thing to save you, not the politicians, not the government, not your neighbors, not the marketplace... TAKE ACTION.

Be great,

GC

9 Side Jobs to Make Extra Money From Home in 2017

Do you wish you could increase your income and make some extra money on the side?

Well, check out these top tips for doing just that!

Are you inspired to give any a try?

5 Things that Will Actually Make You Poor

I was not born with a silver spoon in my mouth. I have worked hard my whole life to create wealth and success for myself, my family, and my community. I do not ever blame someone or fault them for being poor. But I do not tolerate people who continue to stay in the mindset that being poor is a permanent condition. Throughout my life, I have built my success by showing others how to increase their income. I have heard the worst cases, people who were handicapped, people who were addicted to drugs, people with too much debt. I have heard it all and I tell you that there is nothing so severe that you can't overcome it and create massive success.

HERE ARE 5 THINGS THAT MIGHT BE MAKING YOU POOR: 

1. Living in the past. The successful don’t live in the past, they’re always looking to the future. Surround your environment with the images of the things you want in the future. Look, you don't have it now. You don't need pictures of what you got now and what you had in the past. It's keeping you stuck in now and the past. You don't want to be in the now or the past. Look, the now is what? It's the past now! Do you get it? I want to be in the future.
2. All talk, no action. You must readily take action and not just talk. Whether it’s by way of getting others to take action for them, getting attention for their products or ideas, or just grinding it out day and night, the successful have been consistently taking high levels of action – before anyone knew of their names—that’s how they became successful! Stop talking about a plan for action but instead, assume that your future achievements rely on investing your time and energy in actions that may not pay off today but when taken consistently and persistently over time will produce unlimited success.
3. Punching the clock—People who struggle with money usually work for time, not production. This means they get paid for working a certain amount of time (usually 40 hours) and after that they quit working. People who work with the idea of production don’t care how long they’re working, they are after producing. Nobody gets rich just working the clock because there isn’t enough time to accumulate a big payoff. Flip your mindset and start focusing on how you can produce, not count the hours until 5 o’clock.  
4. Having small goals—Successful people dream big and have immense goals. They are not “realistic.” They leave that to the masses who fight for leftovers. The poor are taught to be realistic and average, whereas the successful think in terms of how extensively they can spread themselves. The greatest regret of my life is that I initially set targets and goals based on what was realistic rather than on giant, radical thinking. “Big think” changes the world!
5. Talking about hump day and TGIF—Successful, rich people aren’t always telling their co-workers every Wednesday about hump day, they’re not high-fiving on Friday mornings shouting out “TGIF!” Monday morning, for the successful, is a new chance to make their dreams a reality. If you find yourself on Sunday evenings dreading the thought of Monday morning, you are probably not doing well financially.

If any of these 5 things hit close to home, just flip the switch. You can change, it all starts with a simple decision to do so. Then you must make a commitment to not go back. Real commitments require time and money. If you’re serious about it, you will commit time and money to investing in yourself to make sure you become a person living toward the future, take action, work towards production, have big goals, and look forward to Monday morning.

Be great,

GC

Source: https://grantcardone.com/blogs/grantcardone/5-things-that-will-actually-make-you-poor

How to Master Selling on the Phone

Do you have a love/hate relationship with selling? Why is that?

Selling is serving!

HOW MONEY-SAVVY IS YOUR TEEN?

WHY WE NEED TO GET SERIOUS ABOUT TEACHING KIDS TO BE FINANCIALLY LITERATE

Posted by: Team Tony

Legal Disclosure: Tony Robbins is a board member and Chief of Investor Psychology at Creative Planning, Inc., an SEC Registered Investment Advisor (RIA) with wealth managers serving all 50 states. Mr. Robbins receives compensation for serving in this capacity and based on increased business derived by Creative Planning from his services.

Meet Megan. Megan just graduated from college and has about $35,000 in student loans and $5,000 in credit card debt. Fortunately, Megan was able to secure a job, which pays $45,000 annually — the average across the country for recent college grads — which means that every month, she will take home roughly $2,700.

Like most recent grads in her position, Megan doesn’t set a budget for herself. She’s not thinking about saving for the future or putting money into an emergency fund. After all, retirement is 43 years away and as it is right now, she can barely afford rent. And rather than making a concerted effort to pay down her credit card debt, she pays the minimum balance due. In fact, some months, she misses the payment altogether, because she’s not completely aware of how important her credit score is.

Fast forward 15 years. Megan is still making many of the same financial mistakes. But now, her credit card debt has increased substantially, the interest on that debt has skyrocketed, and she is still paying off her student loan debt. And because of missed payments and increased debt, her credit score has plummeted. On the plus side, she has started thinking about retirement, but she still only has less than $25,000 put away.

Does Megan’s story sound familiar? It may, because it’s the story of tens of millions of Americans today.

The alarming truth is that, in total, American consumers owe $918.5 billion in credit card debt and $1.19 trillion in student loans. As for retirement, most Americans are grossly unprepared, with 57% reporting to have less than $25,000 put away in savings or investments for the future. And money continues to be the leading cause of stress for Americans and the most common cause of conflict in a marriage, with a whopping 76% of people saying that they feel out of control when it comes to their finances.

How did we get here? If money is such a critical factor in the quality of our lives, why were we never taught the importance of personal finance?

What if we were able to go back to Megan and give her better guidance on her personal finances? What if she were required to learn the basics of paying bills, building good credit, budgeting her income and paying off debt in high school? Would this make a difference in her financial future and ultimately, her quality of life?

Perhaps.

A recent study conducted by the Center for Financial Literacy at Champlain College in Burlington, Vermont, graded states on their efforts to improve financial literacy in high schools. Only five states across the country scored an A. These states — Alabama, Missouri, Tennessee, Virginia and Utah — require students take a dedicated semester of personal finance courses. Utah, the only state to receive an A+, mandates students learn about savings, investments, credit and online banking. Students there are also required to take and end-of-course financial literacy assessment administered by the state. And teachers of the personal finance course receive special training on topics like financial training, credit and investing.

On the other end of the spectrum, nearly a quarter of the states — including California, Massachusetts and Pennsylvania — received a failing grade. These states have, according to the report, virtually no requirements for teaching financial literacy at the high school level.

In lieu of high school courses, a number of students have to rely on their parents for financial guidance, which can be particularly problematic. For one, parents may be uncomfortable talking about money. In a 2014 survey from T. Rowe Price, parents were more inclined to talk to their children about alcohol and drugs than finances. Many adults may also lack the necessary financial knowledge to give sound advice. According to a recent survey from GoBankingRates.com, more than 60% of adults do not have a financial cushion for emergencies.

“When you look at the adult behavior, you can’t help but wonder whether or not these adults are doing a good job teaching their children,” said John Pelletier, director of the Center for Financial Literacy and author of the report.

This means students will ultimately have to learn financial lessons through trial-and-error, which can deal a hefty blow, especially considering that the majority of young people have no baseline to attach their expectations to. Pelletier has noted that he’s walked into a number of classrooms where the bulk of students believe their chosen career will make them at least $100,000 a year.

“You can see how people, based on that flawed analysis, think that they can afford $70,000, $80,000 or $90,000 in debt,” he said. “What needs to be taught is more career exploration, more understanding about income.”

This is particularly critical for the 71% of bachelor’s degree recipients who will graduate with a student loan. According to a recent survey from the Pew Charitable Trusts, nearly a third of white student loan borrowers and roughly a half of black and Hispanic student loan borrowers under the age of 50 said they would have found a different way to finance their education if they could make their borrowing decision again.

Of course, whether or not high schools should be responsible for teaching students personal finance skills is still up for debate. If financial literacy were mandated by the state, schools would have to train or hire new staff and implement new resources, which could put additional strain on already strapped budgets. But it is clear something must be done. Students need to understand that no matter what career path they pursue — whether they become a teacher, a physician, an artist or an engineer — they will need personal finance skills. And in an age of predatory lending, speculative investments and rampant consumerism, the earlier they can begin to become financially literate, the more prepared they will be to make the best financial decisions for their future.

Header image © TylerOlson/Shutterstock

Team Tony

Team Tony cultivates, curates and shares Tony Robbins’ stories and core principles, to help others achieve an extraordinary life.

Source: https://www.tonyrobbins.com/wealth-lifestyle/financial-education-in-schools/

Spectators Criticize, Players Play

YOU'RE EITHER ON THE FIELD OR YOU ARE IN THE BLEACHERS

In this article you'll learn: Success is about showing up and participating, not talking.

INTRODUCTION

If you've ever sat in the stands or watched a game on TV, you'll notice how freely spectators give advice to those that are on the field playing. This goes beyond just football. 

Never accept the criticism of those that are mere spectators. These people are not on the field, they aren't in the game and they are not on your team.

They are spectators.

THE GAME OF LIFE

Every person, no matter what his or her profession is, relies on selling. Only a handful of people ever take the time to really learn this game and master it. When I was 25, I made the commitment to know everything there was to know about the game of selling. I began studying the whole area. I started taking notes on every exchange I had with my customers. I even recorded these experiences on audio and video.

I would later study the material like a football team reviews playbacks of games.

To become a great football player you have to commit every fiber of your being to the game and still know there’s more to learn. It is no different in sales. The amateur goes out and plays football every Saturday in the park, but he can’t play with the Patriots.

It’s more than just physical because there's a big mental part of the game.

ENTHUSIASM IS NOT YOUR TICKET

I eventually got finished with pumping myself up each morning with enthusiasm and hoping for great results in sales. Enthusiasm is great, but it’s not a replacement for knowing. It is vital that you learn to win at the game.

The Browns can pump themselves up before playing the Patriots, but when the game begins enthusiasm will quickly be lost and skill takes over. 

If you find yourself backing off anywhere in the sales game, it is because you are not submersing yourself enough in training.

In my organization, training is done in order to sharpen our skills for the day and make more sales. 

CHAMPIONS MAKE DECISIONS

Focus on winning whatever game you're playing in life. You need to sell yourself on what you need to do today to make today great. A true professional salesperson is impervious to any negativity because he is a pro and is operating at levels far beyond the average player of the game, much less the spectators.

SUMMARY

The pros aren’t spectators!

Be great,

GC 

P.S. If you're ready to get in the game and get serious about your money, get on one of my Certification Programs.

Grant Cardone is a New York Times bestselling author, the #1 sales trainer in the world, and an internationally renowned speaker on leadership, real estate investing, entrepreneurship, social media, and finance. His 5 privately held companies have annual revenues exceeding $100 million. Forbes named Mr. Cardone #1 of the "25 Marketing Influencers to Watch in 2017". Grant’s straight-shooting viewpoints on the economy, the middle class, and business have made him a valuable resource for media seeking commentary and insights on real topics that matter. He regularly appears on Fox News, Fox Business, CNBC, and MSNBC, and writes for Forbes, Success Magazine, Business Insider, Entrepreneur.com, and the Huffington Post. He urges his followers and clients to make success their duty, responsibility, and obligation. He currently resides in South Florida with his wife and two daughters.

Source: https://grantcardone.com/blogs/grantcardone/spectators-criticize-players-play

Napoleon Hill - Purpose - Rare Recordings I

The man, the legend - Napoleon Hill!

Think and grow rich ladies and gents...

The Master Key System - Upgrade Your Money Consciousness - Charles Haanel

Generally speaking, it's not that people are unable to earn enough money to consider themselves wealthy - it's that they hold deep and often sub-conscious beliefs around money that causes them to self-sabotage.

So, if you want to be wealthy, first master your money mindset!

Agree or disagree?

Why Boomers Will Continue to Struggle

Written by Andy Tanner | Friday, February 16, 2018

Read time: 2 min

How much does a retiree really need?

Headlines such as this break my heart: “With $15 Left in the Bank, a Baby Boomer Makes Peace With Less.” But I predict that we’re going to see more and more like this in the coming months and years. That’s because the problems with retirement age people are bigger than anyone imagines.

This story is merely a collection of symptoms of the bigger problem. It’s the story of Kathleen Wolf, a woman trying to do the best she can. She has spent many decades living and working in Monterey, California. She built a very happy and prosperous life there. But with the subprime meltdown, her considerable wealth in real estate disappeared almost overnight. It didn’t take long for her bank balance to reflect that she had just $15.

At that point, Kathleen was facing a very different retirement than she ever imagined. Instead of enjoying a comfortable California lifestyle, she made a difficult decision to declare bankruptcy and move across the country looking for an affordable lifestyle in Iowa.

Kathleen says the weather is not as good as California, and there aren’t any yoga classes in her new town of just 700 people. It’s not how she envisioned her retirement. But she’s hopeful. It would be interesting to check in with her in another ten years to see how she’s doing.

I wish the very best for Kathleen. But with a very limited amount of money in the bank and expenses that will continue to grow, it doesn’t look good for her.

Here’s The Real Problem Most Retirees Don’t Understand

The vast majority of people will retire with palm trees and sandy beaches in their dreams, but they’ll be shockingly unprepared to enjoy it. That’s because when you retire, you will probably have a big fat zero in your income. You might have a little bit of a pension, and maybe a little bit of social security.

“But Andy, what about the money in my 401(k) account? And what about the equity in my house?” It’s nice to have those things, but the Federal Reserve shows us that the average net worth of Americans nearing retirement is just $168,900. That’s lower than any time in recent history, even lower than it was back in 1989! Even if someone were to liquidate all of their 401(k) money and sold their house, that $168,900 would not last for very long.

We haven’t even discussed expenses yet. Over time, how often do expenses go down over time? The answer is simple – NEVER. Not only do the expenses keep coming in, they keep growing. Your utilities get more expensive, your food gets more expensive, clothing gets more expensive, the gas for your car gets more expensive.

The Answer Is Simple

Sometimes the most obvious answer is the right one. When your income disappears at retirement, what if you could replace it with a new source of income? Or even multiple sources of income.

That’s what the rich do to ensure their ongoing level of lifestyle. They learn to buy assets that contribute to their income by sending new cash flow into your account. And they avoid buying things that suck your wealth dry with heavy expenses. Because when you learn to create passive income, you won’t be forced to cut corners like Kathleen. You will be able to live well and enjoy your dream retirement.

So much of retirement advice in the 401(k) world revolves around the phrase “how much do you need to survive.” It’s a conversation of survival rather than abundance. That’s why I encourage people to buy real assets, to start a business, and to go for their dreams and live in abundance.

Don’t make aim for making do with less – aim for MORE.