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There are things poor people do, and things wealthy people do, that are opposites. After all the years that I've had the chance to interview and work with poor and wealthy people, I've noticed some patterns. In this episode, Stephen and I discuss 15 areas we've found that poor people do things differently than the rich. 1. Fast food 2. Buying products on sale 3. Waking up time 4. Blaming others 5. Saveing money 6. Using credit cards 7. Spending money 8. Following through on ideas 9. Quitting 10. Entitlement 11. Do math 12. Having a plan 13. Excuses 14. Time management 15. Limiting beliefs At the end of the video we share some strong opinions, and some empowering beliefs that can help break poor people habits. Watch and Enjoy! Kris Krohn & Nate Woodbury WORK WITH KRIS: ======================== Becoming a successful real estate investor is easier than most people know… as long as you have the right Mentor and the right system. Click here to learn your best options: http://LimitlessMentor.com/TV/ BOOKS By Kris Krohn ======================== The Straight Path To Real Estate Wealth: http://limitlessmentor.com/TV The Conscious Creator: http://amzn.to/2gFEkblLimitless: http://amzn.to/2gLQXoV Be On Limitless TV ======================== Record your questions on video, and join me in a future episode: http://bit.ly/2yO78c7 MUSIC ======================== Tobu - Infectious https://www.youtube.com/watch?v=ux8-EbW6DUI Artist: https://www.youtube.com/tobuofficial Licensed under Creative Commons — Attribution 3.0 Unported— CC BY 3.0 ======================== Video by Nate Woodbury (The Hero Maker) BeTheHeroStudios.com http://YouTube.com/NateWoodburyHero
Bob Proctor explains ONE idea that if you turn to habit, will change your world forever. Napoleon Hill wrote an entire chapter on this one idea in his book, 'Think And Grow Rich.' It is such a powerful concept! Ray Stanford, my first mentor, told me something critical during one of the first conversations we ever had. He said, “You need only one quality to succeed. You must have discipline.” I didn’t want to have discipline. I thought discipline meant punishment. But the truth is discipline is the ability to give yourself a command and then follow it. Well, it didn’t take long for me to figure out that Ray was right. You will never develop anything of any consequence if you are not disciplined. However, if you are disciplined, you can have anything you seriously want. This is so basic, it’s so simple, yet it’s so misunderstood. People who make it in life, whether that’s becoming really rich, running a successful business or living life on their own terms, have all developed the skill of self-discipline. However, a common misconception about successful people is that they like doing all the things they do. That is utterly false. Successful people dislike the same things you do, but they do them anyway. They get up early. They make sure they’re in front of a prospect every morning at 9:00 a.m. They practice or study while others are watching TV. Why do they do things they dislike? Because they know that’s the price they have to pay for success. And so they discipline themselves to do the things they know they should do whether they like it or not. I am a very disciplined person. I don’t care if anybody else is working. I don’t care what anyone else is doing. I know what I’ve got to do, and I get it done. Of course, I wasn’t always like this. I don’t think anyone is born a naturally disciplined person. So don’t worry if you currently lack discipline. It’s something you can develop with practice, and the more you practice, the better you’ll become at it. Here are three things you can do to get started: 1. Realize that if you want something different in life, you’re going to have to do things differently. Then, command yourself to do what you know has to be done. 2. Begin scheduling your day—from the time you get up until the time you go to bed. If you have a schedule, you’re more apt to do more of the things you really need to do to get where you want to go. 3. Hold the image of being successful at what you want to do. Envision a complete shift. And proceed to let that vision unfold every day. It won’t be easy at first; however, you’ll get stronger and stronger. And then you’ll be able to do what you want, instead of just what you think you can do. Learn about our habit building program here: https://bit.ly/2JBlPlA **For more visit our website: http://goo.gl/kYTfZp ** Subscribe for more: http://goo.gl/VL0Smo Check out our most popular video series! 1. Search for Meaning Series: https://goo.gl/ThkyCc 2. The HIgher Side of You: https://goo.gl/kicjyI 3. Value from the Vault: https://goo.gl/7lCs0O Social Media & Website: https://www.facebook.com/OfficialBobProctor https://twitter.com/bobproctorlive https://www.pinterest.com/realbobproctor/ https://instagram.com/proctorgallagher Website: http://goo.gl/kYTfZp
**Get The Best Shark Tank Products ⇒ https://amzn.to/2lbrG67 Kevin O'Leary gives great advice on how to be successful and have financial freedom.
So if you are watching my channel, most likely you have some interest in building wealth. You want to become wealthy. One of the most common ways you hear for building and growing wealth is the stock market. A lot of people are nervous about the stock market right now. We are at near record highs and a lot of people are predicting that another economic collapse is just around the corner. We also have another housing bubble that could pop at any time. It can be hard to pick the right stocks. It is reported that the average lifespan of a stock is 7 years. If it is here today, it could be gone within 7 years. It is also reported that the top 4% of all companies account for all of the wealth creation in the market. If you want to make money in the market you have a 4% chance of picking a stock that will make you money. So if you want to grow your money and you want to avoid the stock market, how can you do it? 🤔 Today we are going to talk about 6 ways you can build your wealth outside of the stock market. ➡️ 1. Investing in Real Estate [2:32] - 🏠 I am not going to make the claim that I am a real estate investor. How do you invest in real estate if you’ve never done it before? Connect with a few really good realtors. ▶︎▶︎ Open a Fundrise account with as little as $500: https://www.goodfinancialcents.com/resources/fundrise-review.php ➡️ 2. Invest in a Franchise [5:52] - 🏪 You can make a 10-15% return on your money by becoming a franchisee. This option is not for everyone as some companies can have really strict requirements. ➡️ 3. Life Insurance [8:43] - This is not my favorite option, however, if you have maxed out your 401K, your IRA, and other tax options out there, then you can look at policies. (Hint: big names can have hidden fees). ➡️ 4. Starting an Online Business [11:12] - 💻 There are so many options here. You could sell digital products, create a membership community, open an eCommerce store, or become an affiliate marketer. ➡️ 5. Building and Selling a Business [15:58] - This one will take a little time and some work. You have to take the time to build the business. ➡️ 6. Pay off Your Debt [18:17] - 💰 Become debt free. Assets minus liabilities = net worth. As you pay off your debt your net worth will increase. The biggest takeaway I want you to get from this video is that there are so many different options for building and growing your wealth. Any of these could work for you. Which one are you going to spend your time and money on? 🤔 The bigger your investment of time and money, the better your chances of building wealth. Which wealth building strategy are you excited about? Which one do you plan on implementing or have already implemented? Let me know in the comments! ▶ Check out my gear on Kit: https://kit.com/jeffrosecfp ★☆★ Want More Good Financial Cents? ★☆★ 💻 Check out my blog here: https://www.goodfinancialcents.com/ Listen to my podcast here: 🎙 https://itunes.apple.com/us/podcast/good-financial-cents-podcast-investing-building-wealth/id775107294?mt=2 Pick up my best selling book, Soldier of Finance, here: 📗 http://amzn.to/2xOH78V Connect with me on Twitter: https://twitter.com/jjeffrose My most favorite inspiration T-shirt line, Compete Every Day: 👕 https://www.goodfinancialcents.com/compete
Five years ago, at age 29, Kim E. started her first professional, salaried full-time job, working as a firefighter for the City of Austin, Texas. She received a starting salary of $42,000. Today, five years later, she has saved: -- one year’s salary ($40,000) in an emergency fund -- one year’s salary ($42,000) in a workplace retirement fund -- more than half a year’s salary ($27,500) in a Roth IRA She also paid off her student loans ($10,000), paid off her car loan (roughly around $16,000-ish), and contributed to an H.S.A. account ($6,000, half of which came from an employer match.) Oh yeah, and she also bought and renovated a rental property. Translation? Kim has saved (or repaid debt of) $141,500 within five years, as a firefighter with a starting salary of $42,000, excluding the additional money she’s invested into her rental. She’s saved more than 3x her starting salary, within her first five years on the job. And she’s done this while earning a middle-class public service salary in an expensive city. Wowza. How is Kim saving half of her firefighter salary? And before she became a firefighter, what other frugal tactics did she develop? How did she put herself through four years of college with less than $10,000 in debt? How did she travel before college, when she used to earn $10 per hour? Where does her resourcefulness and motivation come from? And what wisdom can she share with others? Find out in today’s episode. -- For resources mentioned: https://affordanything.com/episode139 Subscribe on iTunes: https://affordanything.com/itunes
Today I am going to share 6 ‘rich people’ habits that I’ve adopted in my life and how my life has changed. I have seen exponential growth in my life and my business by changing a few small but impactful habits.
Before I share these 6 habits I want to give you a little context as to where I was in my life and career. To give you an idea of why I needed to make some changes.
So, I have been a financial planner for over 16 years. When I hit 5-6 years in my career and had reached a 6 figure income things were good. But, I felt like something was missing. 🤔
I began a journey of researching and looking at highly successful entrepreneurs. 💰 In my research I noticed that these people had some common habits. Some habits that I was not following. I was a bit skeptical but I thought I would try some of these changes and see if they had an impact on my life and career.
Over time I did see an impact. My business and career saw an impact. That is where I was. Now let’s see what these six changes were that made such an impact.
➡️ 1. Go to bed early [3:11] - I changed my habit from going to bed at 12 or 1:00 am and started getting to bed earlier so that I could get up earlier. Then I started each day with intent and focus.
➡️ 2. Exercise 4-5 days per week [6:02] - Being consistent with my workouts gives me so much more focus and energy. My productivity is through the roof.
➡️ 3. Meditation and Prayer [8:33] - Spending dedicated time each day for meditation or prayer can help to reduce stress, anxiety, and has so many other health benefits.
➡️ 4. Review goals on a consistent basis [10:38] - I used to review my goals on an annual basis, and would lose focus by the first quarter. I now review my goals quarterly.
➡️ 5. Read more books [12:38] - 88% of all rich people read self-development books. I used to be ok at reading books regularly. Now I read 1-2 books every week. I also listen to books on audio when I am driving or working out.
➡️ 6. Valuing relationships [14:14] - I used to just network with business colleagues, now I participate in mastermind groups, coaching groups, and other small support groups. This gives you an outlet to share things that are going on in your life and your career.
Those are the 6 rich people habits that I have adopted into my life. I can’t even emphasize enough what an impact they have had on my life. 😀
I wanted to share some of the results and not just the habits themselves. I not only saw growth and development in my personal life, I have seen tremendous financial growth in my business.
Are you implementing any of these rich people habits? 🤔
I want to know which ones you do. If you haven’t, I want to know why. What is your excuse? 😀
Let us know in the comments below!
▶ Check out my gear on Kit: https://kit.com/jeffrosecfp
★☆★ Want More Good Financial Cents? ★☆★
💻 Check out my blog here: https://www.goodfinancialcents.com/
Listen to my podcast here:
Pick up my best selling book, Soldier of Finance, here:
Connect with me on Twitter:
My most favorite inspiration T-shirt line, Compete Every Day: