Thursday, 7 January 2021
Quote for the day
"The trouble with most people is that they quit before they start." - Thomas A. Edison
Wednesday, 6 January 2021
44 Wealth Principles - ‘Secrets of the Millionaire Mind; Mastering the Inner Game of Wealth’
44 Wealth Principles from T. Harv Eker’s best-selling book ‘Secrets of the Millionaire Mind; Mastering the Inner Game of Wealth’:
01. Your income can grow only to the extent you do!
02. If you want to change the fruits, you will first have to change the roots. If you want to change the visible, you must first change the invisible.
03. Money is a result, wealth is a result, health is a result, illness is a result, your weight is a result. We live in a world of cause and effect.
04. Give me five minutes, and I can predict your financial future for the rest of your life.
05. Thoughts lead to feelings. Feelings lead to actions. Actions lead to results.
06. When the subconscious mind must choose between deeply rooted emotions and logic, emotions will almost always win.
07. If your motivation for acquiring money or success comes from a non supportive root such as fear, anger, or the need to “prove” yourself, your money will never bring you happiness.
08. The only way to permanently change the temperature in the room is to reset the thermostat. In the same way, the only way to change your level of financial success “permanently” is to reset your financial thermostat.
09. Consciousness is observing your thoughts and actions so that you can live from true choice in the present moment rather than being run by programming from the past.
10. You can choose to think in ways that will support you in your happiness and success instead of ways that don’t.
11. Money is extremely important in the areas in which it works, and extremely unimportant in the areas in which it doesn't.
12. When you are complaining, you become a living, breathing “crap magnet.”
13. There is no such thing as a really rich victim!
14. If your goal is to be comfortable, chances are you’ll never get rich. But if your goal is to be rich, chances are you’ll end up mighty comfortable.
15. The number one reason most people don’t get what they want is that they don’t know what they want.
16. If you are not fully, totally, and truly committed to creating wealth, chances are you won’t.
17. The Law of Income: You will be paid in direct proportion to the value you deliver according to the marketplace.
18. “Bless that which you want.” —Huna philosophy
19. Leaders earn a heck of a lot more money than followers!
20. The secret to success is not to try to avoid or get rid of or shrink from your problems; the secret is to grow yourself so that you are bigger than any problem.
21. If you have a big problem in your life, all that means is that you are being a small person!
22. If you say you’re worthy, you are. If you say you’re not worthy, you’re not. Either way you will live into your story.
23. If a hundred-foot oak tree had the mind of a human, it would only grow to be ten feet tall!
24. For every giver there must be a receiver, and for every receiver there must be a giver.
25. Money will only make you more of what you already are.
26. How you do anything is how you do everything.
27. There’s nothing wrong with getting a steady paycheck, unless it interferes with your ability to earn what you’re worth. There’s the rub. It usually does.
28. Never have a ceiling on your income.
29. Rich people believe “You can have your cake and eat it too.” Middle-class people believe “Cake is too rich, so I’ll only have a little piece.” Poor people don’t believe they deserve cake, so they order a doughnut, focus on the hole, and wonder why they have “nothing.”
30. The true measure of wealth is net worth, not working income.
31. Where attention goes, energy flows and results show.
32. Until you show you can handle what you’ve got, you won’t get any more!
33. The habit of managing your money is more important than the amount.
34. Either you control money, or it will control you.
35. Rich people see every dollar as a “seed” that can be planted to earn a hundred more dollars, which can then be replanted to earn a thousand more dollars.
36. Action is the “bridge” between the inner world and the outer world.
37. A true warrior can “tame the cobra of fear.”
38. It is not necessary to try to get rid of fear in order to succeed.
39. If you are willing to do only what’s easy, life will be hard. But if you are willing to do what’s hard, life will be easy.
40. The only time you are actually growing is when you are uncomfortable.
41. Training and managing your own mind is the most important skill you could ever own, in terms of both happiness and success.
42. You can be right or you can be rich, but you can’t be both.
43. Every master was once a disaster.
44. To get paid the best, you must be the best.
Source: Secrets of the Millionaire Mind, T. Harv Eker © 2003
01. Your income can grow only to the extent you do!
02. If you want to change the fruits, you will first have to change the roots. If you want to change the visible, you must first change the invisible.
03. Money is a result, wealth is a result, health is a result, illness is a result, your weight is a result. We live in a world of cause and effect.
04. Give me five minutes, and I can predict your financial future for the rest of your life.
05. Thoughts lead to feelings. Feelings lead to actions. Actions lead to results.
06. When the subconscious mind must choose between deeply rooted emotions and logic, emotions will almost always win.
07. If your motivation for acquiring money or success comes from a non supportive root such as fear, anger, or the need to “prove” yourself, your money will never bring you happiness.
08. The only way to permanently change the temperature in the room is to reset the thermostat. In the same way, the only way to change your level of financial success “permanently” is to reset your financial thermostat.
09. Consciousness is observing your thoughts and actions so that you can live from true choice in the present moment rather than being run by programming from the past.
10. You can choose to think in ways that will support you in your happiness and success instead of ways that don’t.
11. Money is extremely important in the areas in which it works, and extremely unimportant in the areas in which it doesn't.
12. When you are complaining, you become a living, breathing “crap magnet.”
13. There is no such thing as a really rich victim!
14. If your goal is to be comfortable, chances are you’ll never get rich. But if your goal is to be rich, chances are you’ll end up mighty comfortable.
15. The number one reason most people don’t get what they want is that they don’t know what they want.
16. If you are not fully, totally, and truly committed to creating wealth, chances are you won’t.
17. The Law of Income: You will be paid in direct proportion to the value you deliver according to the marketplace.
18. “Bless that which you want.” —Huna philosophy
19. Leaders earn a heck of a lot more money than followers!
20. The secret to success is not to try to avoid or get rid of or shrink from your problems; the secret is to grow yourself so that you are bigger than any problem.
21. If you have a big problem in your life, all that means is that you are being a small person!
22. If you say you’re worthy, you are. If you say you’re not worthy, you’re not. Either way you will live into your story.
23. If a hundred-foot oak tree had the mind of a human, it would only grow to be ten feet tall!
24. For every giver there must be a receiver, and for every receiver there must be a giver.
25. Money will only make you more of what you already are.
26. How you do anything is how you do everything.
27. There’s nothing wrong with getting a steady paycheck, unless it interferes with your ability to earn what you’re worth. There’s the rub. It usually does.
28. Never have a ceiling on your income.
29. Rich people believe “You can have your cake and eat it too.” Middle-class people believe “Cake is too rich, so I’ll only have a little piece.” Poor people don’t believe they deserve cake, so they order a doughnut, focus on the hole, and wonder why they have “nothing.”
30. The true measure of wealth is net worth, not working income.
31. Where attention goes, energy flows and results show.
32. Until you show you can handle what you’ve got, you won’t get any more!
33. The habit of managing your money is more important than the amount.
34. Either you control money, or it will control you.
35. Rich people see every dollar as a “seed” that can be planted to earn a hundred more dollars, which can then be replanted to earn a thousand more dollars.
36. Action is the “bridge” between the inner world and the outer world.
37. A true warrior can “tame the cobra of fear.”
38. It is not necessary to try to get rid of fear in order to succeed.
39. If you are willing to do only what’s easy, life will be hard. But if you are willing to do what’s hard, life will be easy.
40. The only time you are actually growing is when you are uncomfortable.
41. Training and managing your own mind is the most important skill you could ever own, in terms of both happiness and success.
42. You can be right or you can be rich, but you can’t be both.
43. Every master was once a disaster.
44. To get paid the best, you must be the best.
Source: Secrets of the Millionaire Mind, T. Harv Eker © 2003
Quote for the day
"It is easy to look down on others; to look down on ourselves is the difficulty." - Walter Savage Landor
Tuesday, 5 January 2021
10 Finance Fundamentals To Act On For Success
Most of us wonder why certain people are financially successful while we are still lagging behind. The common financial mistakes that we make happen to be linked to our financial instability. We make the mistake of living beyond our means again and again and we tend to spend more than we can afford to spend. We are seldom frugal, and so at the end of the month, we save almost nothing. We get caught up in the too-good-to-be-true investment ideas and end up losing hard-earned money. Another common mistake that we make is to invest our money at the wrong time and for the wrong reasons. While there is no hard and fast rule for financial success, the following tips should be considered if you want to get ahead of your peers.
4. Stay Out Of Debt And Save.
Always make it a point to spend less than what you earn. Don’t give in to materialism so easily. Avoid temptation and be smart with your credit cards — they may tempt you to spend more than you can and at the end of the month you will curse yourself for spending too much. Try to have less wants — this is what causes many people to go into debt.
5. Read, Study, And Learn.
Read everything, as this will prepare you for any kind of outcome. Do thorough research about each and every thing related to your business. You will make mistakes, but do not let them deter you. Use those lessons constructively.
7. Understand What You Own.
Do not make the mistake of investing in a business that you don’t truly know and understand. This is surely a recipe for disaster. Know the ins and outs of the business you are investing in. If you can make a child understand the business, then you know that you yourself have fully grasped it. Protect your assets by insuring them.
8. Invest For The Long Term.
Always buy stocks with the intention of keeping them for the long term. Invest in companies which require low capital or which sell products which will always be in demand. Hold out against the urge to constantly buy and sell investments, as this will get you nowhere.
9. Maintain A Margin Of Safety.
Do your homework properly, because if you are an uninformed investor, then there is a huge chance of your investment not working out. Make sure that each of your investments will give you back more than you are currently investing. If possible, consult an expert before you invest because they can help you see all aspects and make the right decision.
10. Give Back To Society.
Lastly, whether you have enough money or not, always make it a point to donate some for those in need. It will not only make you feel good, but will also contribute in changing someone’s life for the better. As your investments grow, be sure to maintain this link to humanity.
1. Be Passionate And Motivated.
If you are not passionate enough about what you are doing, then boredom and a lack of motivation will inevitably create hurdles for you. Passion and a significant amount of motivation are necessary for financial success. So, think carefully before you start your business venture. Do only what you are sure will never bore you.
If you are not passionate enough about what you are doing, then boredom and a lack of motivation will inevitably create hurdles for you. Passion and a significant amount of motivation are necessary for financial success. So, think carefully before you start your business venture. Do only what you are sure will never bore you.
2. Take Smart Risks.
What differentiates entrepreneurs from others is their ability to take risks. Know that business is a game of uncertainty and strategy. If you can plan well, strategize, and have all the necessary resources at hand (besides having a plan B), then you can easily afford to take financial risks.
What differentiates entrepreneurs from others is their ability to take risks. Know that business is a game of uncertainty and strategy. If you can plan well, strategize, and have all the necessary resources at hand (besides having a plan B), then you can easily afford to take financial risks.
3. Have Faith In Yourself And Be Dedicated.
Confidence is the key to a successful business venture. If you are disciplined and have perseverance and willpower, then your dedication will definitely bring you positive results.
Confidence is the key to a successful business venture. If you are disciplined and have perseverance and willpower, then your dedication will definitely bring you positive results.
4. Stay Out Of Debt And Save.
Always make it a point to spend less than what you earn. Don’t give in to materialism so easily. Avoid temptation and be smart with your credit cards — they may tempt you to spend more than you can and at the end of the month you will curse yourself for spending too much. Try to have less wants — this is what causes many people to go into debt.
5. Read, Study, And Learn.
Read everything, as this will prepare you for any kind of outcome. Do thorough research about each and every thing related to your business. You will make mistakes, but do not let them deter you. Use those lessons constructively.
6. Buy Businesses.
Buy as much business as you can. There is nothing like investing early in life. Try to own this good habit and buy shares of stocks in companies you believe in. Before you make investments in companies, make certain considerations, like whether you would buy the entire business if you could. The money that you earn from these investments should be spent on other investments for future financial growth.
Buy as much business as you can. There is nothing like investing early in life. Try to own this good habit and buy shares of stocks in companies you believe in. Before you make investments in companies, make certain considerations, like whether you would buy the entire business if you could. The money that you earn from these investments should be spent on other investments for future financial growth.
7. Understand What You Own.
Do not make the mistake of investing in a business that you don’t truly know and understand. This is surely a recipe for disaster. Know the ins and outs of the business you are investing in. If you can make a child understand the business, then you know that you yourself have fully grasped it. Protect your assets by insuring them.
8. Invest For The Long Term.
Always buy stocks with the intention of keeping them for the long term. Invest in companies which require low capital or which sell products which will always be in demand. Hold out against the urge to constantly buy and sell investments, as this will get you nowhere.
9. Maintain A Margin Of Safety.
Do your homework properly, because if you are an uninformed investor, then there is a huge chance of your investment not working out. Make sure that each of your investments will give you back more than you are currently investing. If possible, consult an expert before you invest because they can help you see all aspects and make the right decision.
10. Give Back To Society.
Lastly, whether you have enough money or not, always make it a point to donate some for those in need. It will not only make you feel good, but will also contribute in changing someone’s life for the better. As your investments grow, be sure to maintain this link to humanity.
Source:www.lifehack.org
Monday, 4 January 2021
Are you a trader or a gambler? Take the test.
By Eli Radke
There is always a huge debate whether trading is gambling. And by gambling I mean random. Trading is not gambling for me because I can improve, I can help my odds, and I am fully aware and understand the risks.
What are some of the other differences between trading and gambling?
There is always a huge debate whether trading is gambling. And by gambling I mean random. Trading is not gambling for me because I can improve, I can help my odds, and I am fully aware and understand the risks.
Source: http://traderhabits.com/
Quote for the day
"Contentment makes a poor person rich and discontent makes a rich person poor." - Benjamin Franklin
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