I discussed habits in my last post and wanted to further explain willpower since it plays such a critical role in developing habits. Lack of willpower is a HUGE reason why people can’t follow through with their goals. What is willpower? Willpower (self-control) is the ability to resist short-term temptations in order to meet long-term goals. Some …
Do you want to change your life? If so, you need to first change your habits! We are creatures of habit. When you wake up in the morning, you probably follow a certain routine… Checking your cell phone, checking your e-mail, drinking a glass of water, getting some coffee, etc. Throughout the day you can …
I just finished a little book called Zen in the Art of Archery by Eugen Herrigel, and it was good enough to post about it. That’s saying a lot! OK, not really, but it was a neat, short book you could read in one sitting if you’re a speedy reader (I am not). It is now considered …
Step 7 – Just do it, enjoy it, and share it! Tony’s message is simple here: The secret to living is giving. Look at how far we have come as a species and realize that we’re extremely lucky. We have incredible technology that allows us to video chat with people from across the world, we have advanced …
Step 6 – Billionaires playbook – It’s time to meet the masters Ray Dalio’s tips: 1 – Don’t lose – protect downside 2 – Risk a little to make a lot, look for home runs (asymmetric returns – risk/reward) 3 – Anticipate and diversify 4 – You’re never done learning, earning, growing, giving I found …
Step 5 – Upside without the downside (protect income plan) Don’t out live your money! Ray Dalio’s (he’s an investment guru worth about $15 billion and is the CEO of Bridgewater Associates) first insight: The balanced portfolio theory (50% in stocks and 50% in bonds) doesn’t work. Generally, it is thought that the two are …
Step 3 – What’s the price of your dreams? It’s time to make the game winnable. This goes back to the beginning of the article. What are your goals? What are your dreams? And how much will they cost? Like most of us, you probably don’t have a clue how much you really …
Step 2 – Become an insider Tony’s second step is: You need to know the rules of the game before you start playing, right? So in this section he covers the top marketing and investment lies. The myth: Invest with us. We’ll beat the market. When it comes to investing, ask yourself – what don’t I …
Step 1 – Commit a percentage to save Most financial experts recommend 10% -20%, but this decision is entirely up to you. Make the decision to put away a certain percentage and then automate it so you don’t even see it. This is the most important step! You can’t play if you’re not in the …
Isn’t it what life is all about? The power of giving is life changing and gives you a feeling you cannot get anywhere else. No amount of money can give you this feeling – You cannot buy it. When we talk about giving, most people think of giving money, but there is so much more that …