6. Networking - Deepstash
6. Networking

6. Networking

  • Successful people know the value of exchanging ideas with others through networking.
  • They also know the value of collaboration and teamwork – all of which are likely when you network.
  • Successful people know the importance of surrounding themselves with other successful people, according to author Thomas Corley.
  • Corley says 79% of wealthy people spend at least five hours a month networking.
  • Win-Win when networking.

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3. Taking Action
  • Third on the list of habits of successful people is the inevitable “action” habit.
  • It is important to organize, to plan, and to set priorities, but without action, a plan is nothing more than potential.
  • Successful people ACT – quickly and often.
  • In addition, although it may sound counterintuitive, according to James Clear, they act (start, anyway) before they feel ready.
  • While others come up with reasons not to act, successful people take that all-important first step – even if it seems outlandish.

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8. Rising Early
  • Successful people are accustomed to rising early, and that habit appears repeatedly among those who do well in life.
  • The “Early Riser’s Club” has a huge membership among successful people - a few notable members include Sir Richard Branson of Virgin Group, Disney CEO Robert Iger and former Yahoo! CEO Marissa Mayer.

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9. Sharing / Giving
  • Whether through donating to charity or the sharing of ideas, successful people have a habit of giving.
  • They know the value of sharing and most believe their success should result in something more than the accumulation of wealth for themselves.
  • Some of the most well-known successful philanthropists include Bill and Melinda Gates, Oprah Winfrey and Mark Zuckerberg.
  • Lack of wealth does not need to be a factor when it comes to sharing.
  • Volunteering in your community or at a local school does not cost anything but could provide help where it is needed most.

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5. Positive Attitude
  • According to many successful people, having a positive attitude is not just a result of being successful – it’s one of the root causes of success.
  • Joel Brown refers to gratitude and positive self-talk as priorities in the lives of the ultra-successful.
  • Moreover, Brown says, it’s not enough to express gratitude and a positive attitude. You must also remind yourself why you are grateful in order to achieve a deeper effect.

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Summary - Develop Success Driven Habits
  • Most people have habits – some are positive, some are not.
  • Successful people tend to have more of the kinds of habits that contribute to their success.
  • The good news, for those who wish to be successful, is that cultivating positive habits takes no more effort than developing bad ones.
  • Some of the best habits of successful people involve only conscious effort, like getting up early every day.
  • Develop habits that get you closer to your goals / success.

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7. Frugality
  • Frugality is a habit of being thrifty, with money and resources.
  • It is also a habit of being economical. Learning to be economical comes through avoiding waste, which automatically results in efficiency.
  • This is where the habit of organization and being a minimalist will be effective for being frugal / economical
  • Akin to building conscious money habits & knowing where and why the money was spent).

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4. Personal Care
  • Personal care with regard to diet, exercise, and hygiene comes next on the list of habits of those who are successful.
  • For some, personal care involves a complex regimen and a highly disciplined lifestyle. For others, not so much.
  • Elon Musk , the CEO of Tesla Motors, put it succinctly when asked what daily habit has had the largest positive impact on his life. Musk said simply, “Showering.”
  • Again, find what works for your own personal / self-care. Take care of yourself first.

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1. Organization
  • One of the most frequently mentioned habits of those who are successful in life is organization. Such organization includes planning as well as setting priorities and goals.
  • Joel Brown, the founder of Addicted2Success.com, calls for a prioritized “To-Do List” every evening before going to bed to prepare for the next day.
  • According to Twitter co-founder Jack Dorsey , Sunday is an important day for organization “getting ready for the rest of the week.”
  • Find what works for you to organize your planning, priorities and goals.

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10. Reading
  • It's important to note that successful people read.
  • While they also read for pleasure, most use their reading habit as a means to gain knowledge or insight.
  • For anyone who needs inspiration about the value and importance of reading, look no further than the example of billionaire author, J.K. Rowling, who says she read “anything” as a child.

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2. Relaxation
  • Relaxing – by meditating or simply avoiding distractions – is another of the most-often mentioned habits of successful people.
  • Relaxation comes more easily to those who are organized.
  • In fact, one of the first steps toward achieving a meditative or relaxed state is to concentrate on your own breathing for three to five minutes.

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J. K. Rowling

“Read as much as you possibly can. Nothing will help you as much as reading.”

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Conversely, how the bureaucracy runs, inevitably causes the decision-making process to be slow. The bureaucracy stems from the effort to govern and watch over these organizations through systems that are formal and rigid. They place high regard on procedural correctness and hierarchical procedures.

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Adam Smith: the father of modern economics

Adam Smith was an 18th-century Scottish economist, philosopher, and author. He is considered the father of modern economics.

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  • After returning to Scotland, Smith held a series of public lectures at the University of Edinburgh and earned a professorship at Glasgow University in 1751. Later he earned the position of Chair of Moral Philosophy.
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The January Effect

It is defined as a perceived seasonal increase in stock prices during January.

Analysts generally attribute this rally (a period of sustained increases in the prices of stocks, bonds, or related indexes) to two factors.

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