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Every morning I wake up and watch a motivating video to positively transform my thought processes - I have found that it helps me to stay more positive and get what I want out of life. The video that I usually watch says that I am special in a good way and that I can achieve whatever I want to.While some say that what I do is a little like brainwashing - I totally disagree - this is brainwashing!
But instead of letting somebody decide what is good for you - you need to decide for yourself and then make it happen. Watch the video that is right for you.
When I was searching youtube for the video that I usually watch in the mornings - I found another video that I plan to start watching.
If you want to start attracting money and wealth in to your life then watch this video daily - it will make you think about the things that will eventually make you rich.
This is a true story from „The Smartest Investment Book You’ll Ever Read” by Daniel R. Solin. After publishing his previous book „Does Your Broker Owe You Money?” he started to receive a lot of unbelievable stories from people who work or used to work in brokerage firms.
Here is an excerpt from the book:
One of my favorites was told by a man who had left work with a major brokerage firm in order to advise clients to invest for market returns. He told me about the training he had received a few years earlier when he started work with a major – and well-respected – brokerage firm. He and the other brokers in training were told to split their potential client list in half. They were told to call half and tell them to buy a particular stock. The other half were to receive calls telling them to sell the same stock.
In two weeks, these “financial advisor” trainees were told to see which way the stock had moved, up or down. Whichever way it had moved, half of the potential client list would think the trainee was pretty smart, to be able to pick a stock like that.
They were told to split “successful” half of their group again, and to the same thing: tell half that a stock would go up and half that the same stock would go down.
If they did this three times, and started with a call list of 120 potential clients, after three “successful stock picks” they should then have fifteen “warm leads”, people who had enough confidence in their ability to pick stocks to become clients.
Talk about a scam! This is why I prefer to take care of my stock portfolio myself.
But at least now you know how to start when you are opening your own brokerage firm one day…
Are you among those people who have gathered a bunch of books that are all worth reading but you simply haven’t found the time to deal with them?
If yes, then think about a quote from Charlie “Tremendous” Jones
“You will be the same person in five years as you are today except for the people you meet and the books you read”
So think about today - how many new people have you got to know?
Well… me neither.
Since most of us don’t meet a lot of new people day-to-day it leaves us with the second option - reading.
There is a lot of books I have read during my life time but there is even more books that I haven’t. Chances are that it’s the same with you.
I took a look at the books I had beside my bed and came to the conclusion that I have completely read just a few of them versus most I have only read bits and peaces or even nothing.
I am changing this.
From now on I am going to spend 30 minutes to 1 hour reading every day.
Think about this for a second:
Average person reads about 30 pages per hour. Reading for 1 hour every day for a single year means that you would read 10 950 pages. The average book being about 200 pages makes it almost 55 books a year.
What do you think - if you were to read 55 books in any given field would it give you a small edge before all the people who are not doing any reading(90% of the population)?
Well, that’s why as of today I am reading at least 30 minutes every single day.
And here is what I did to motivate myself:
By the way - Charlie Jones’s book “Life is tremendous” is one of few books that I have read in English for several times.
Getting out of credit card debt is easy but it’s not simple. There’s tons of different get out of credit card debt websites that are there to help you out with your problem. But most of them fail to take into account the human factor and end up giving bad advice.
The typical get out of debt advisor says that you should always start with paying back the credit card with the highest interest rate.
Don’t do it!
Instead - regardless of the interest rate you should always start paying back the credit card with the smallest amount of debt.
Here is how it works.
While paying off the card with the highest interest rate might seem like a good idea then actually it isn’t! It doesn’t take into account the way our brains work.
There are a lot of stories about people who want to get out of debt and start to pay of their credit cards with highest interest rates but who fail in the end.
The reason a lot of people fail to eliminate their debt is because paying back the loans with highest rates could mean that if one ends up paying back a loan for a large amount it could take years to pay it off completely. This means that unless you have an iron will there is a strong chance that at some point you will break and stop making those hard to do payments.
What happens when we turn it upside down?
If you start from the credit card with the smallest amount of debt (regardless of the interest rate) it means that you are paying back the debt that takes the least amount of time to pay back.
Psychologically this can have a huge impact. Completely eliminating the first debt gives a sense of victory and pride. One sees that it is possible and that she can do it.
Everybody likes doing things they are good in. It is exactly the same with paying off debt – if you know that you can do it then it is more likely that you will. After finishing your first debt you will have a little more confidence that enables you to face your next credit card debt thus giving you a bigger chance of succeeding.
In the beginning of 2006 I started getting more excited about the possibility of some day becoming a millionaire. My guess is that it’s something that almost everyone has dreamt of one day or the other (everyone except those pesky billionaires that is :).
When looking back on my conversations with friends, family members and even strangers I realized that almost every single person that I have ever talked with was quite convinced that some day they will become wealthy.
Today some of these people have become wealthier than they used to be, most are only a bit wealthier and some are quite well off but almost none of them is what I would call rich.
It seems that everyone has a dream that they will become rich but almost no one gets to be (and stay) rich during their lifetimes.
After thinking about the topic for two months I came to the conclusion that most people had the same flaw in their plan – in fact – THEY DIDN’T HAVE A PLAN!
That’s ridiculous! It’s like you wanted to sail from Australia to Italy but didn’t have a map nor a compass to get there!
So I started with the obvious – I made myself a plan!
It is my belief that with a good plan and some careful planning almost everyone can become wealthy enough to enjoy the life they dream of – but I am not saying it will be easy. In fact it is probably going to be the most difficult thing you have ever done in your life.
This blog is about me trying to follow the pathway to wealth.
Now think about it - do you have a plan to get rich?
PS! I didn’t have a plan as well. But I made myself one.
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