Write down your financial goals and vision. Make it specific and inspirational. • Create a budget and spending plan that aligns with your goals. Track where your money goes.• Pay yourself first. Make saving a priority before expenses. Start with 10% of your income.

Take Control Of Your Finances 

Identify spending habits that don't serve you and take steps to break them • Avoid emotional spending and impulse purchases • Practice saying "no" more often to reduce unnecessary expenses

Break Your Money Habits

Invest in your skills, knowledge and health to increase your income over time     • Take courses, learn new skills, and improve yourself constantly         • Practice gratitude daily for what you already have

Invest In Yourself First

Make a list of all debts, amounts owed and interest rates              • Pay off high interest debts first using a "debt snowball" or "avalanche" method• Avoid taking on new debt as you pay off existing debt

Pay Off Your Debts

Start investing in assets that generate income like mutual funds, real estate and businesses• Diversify your investments across different asset classes              • Reinvest all returns to compound your wealth over time

Invest In Assets That Make You Money

• Build a portfolio of low-fee index funds to keep costs low and gains high over time                        • Automate your investments through dollar cost averaging                  • Ignore short-term market fluctuations and focus on the long term

Invest In Stocks The Smart Way 

Find low risk properties that have stable cash flow                       • Use other people's money (OPM) through loans and partners to amplify your gains                • Maintain and improve properties to increase their value

Invest In Real Estate 

• Start a part-time or online business to generate passive income                         • Leverage systems, technology and outsourcing to scale your business efficiently                     • Reinvest profits back into the business for exponential growth

Create Income Through Business 

• Develop a wealth mindset of abundance, activity and generosity                    • Make money part of your daily focus and conversations                 • Surround yourself with other successful people for support and inspiration

Mastering Money Is A Mindset

• Write a detailed plan with specific financial goals                    • Break large goals into smaller, achievable steps                    • Hold yourself accountable and regularly revisit your plan to make adjustments

Create Your Financial Freedom Plan

• Take action! Even small steps forward are progress                   • Seek wisdom from mentors to stay motivated and on track                   • Celebrate victories large and small along the way                   • Stay persistent through inevitable setbacks

Make It Happen, Start Today!

Tony Robbins turns to the topic that vexes us all: How to secure financial freedom for ourselves and for our families. “If there were a Pulitzer Prize for investment books, this one would win, hands down” (Forbes). Tony Robbins is one of the most revered writers and thinkers of our time. People from all over the world—from the disadvantaged to the well-heeled, from twenty-somethings to retirees—credit him for giving them the inspiration and the tools for transforming their lives. From diet and fitness, to business and leadership, to relationships and self-respect, Tony Robbins’s books have changed people in profound and lasting ways. Now, for the first time, he has assembled an invaluable “distillation of just about every good personal finance idea of the last forty years” (The New York Times). Based on extensive research and interviews with some of the most legendary investors at work today (John Bogle, Warren Buffett, Paul Tudor Jones, Ray Dalio, Carl Icahn, and many others), Tony Robbins has created a 7-step blueprint for securing financial freedom. With advice about taking control of your financial decisions, to setting up a savings and investing plan, to destroying myths about what it takes to save and invest, to setting up a “lifetime income plan,” the book brims with advice and practices for making the financial game not only winnable—but providing financial freedom for the rest of your life. “Put MONEY on your short list of new books to read…It’s that good” (Marketwatch.com).

moneyandinvestments

Money & Investments

motivationandinspiration

Motivation & Inspiration

strategy

Strategy

business

Business

books

Books

Anthony Jay Robbins is an American author, coach, speaker, and philanthropist. He is known for his infomercials, seminars, and self-help books including the books Unlimited Power and Awaken the Giant Within.

Tony Robbins

Anthony Robbins

MONEY Master the Game

Instead of following the crowd, you can create your own direction by using these 10 uncommon habits:
<ol>
<li>‘Unreasonable’ Consistency</li>
<li>Create a Unique Hybrid</li>
<li>Time Spent in Deep Work</li>
<li>Saving Over 40% of Your Income Each Month</li>
<li>Prioritising Asset Ownership Accumulation</li>
<li>Being Geographically Detached</li>
<li>Nurturing a Still, Non-Reactive Mind</li>
<li>Developing a Loyal Audience</li>
<li>Developing Uncommon Sexual Restraint</li>
<li>Building a Trusting Community</li>
</ol>

Why??

Most people are inconsistent because they view it as boring.

1. ‘Unreasonable’ Consistency

It’s one thing to put deep time and attention on fewer things consistently over time. It’s another thing entirely to build something no one has seen before.

2. Create A Unique Hybrid

Having a bunch of goals is good to make your life purposeful, but trying to finish all those things at one time isn't the way to success. Create your daily time boxing that can lead you to finish your entire to-do list.

3. Time Spend On Deep Work

Inflation is inevitable, so saving your money for investment and business can enhance your buying ability in the future.

4. Saving Over Your 40% Month Of Income

Assets are precious things that hold value over time. Historically, assets have been the fundamental reason for wars. Many wars were fought over land acquisition. By focusing your time in exchange for assets, they will become valuable in the future. Don't exchange your time for money.

5. Prioritizing Your Asset Ownership Accumulation

It's dangerous to focus solely on one geographical location in a world that is rapidly changing and uncertain. Try to explore different places, which will make you flexible and allow you to adapt quickly. It will be more fun, exciting, and regret-free along the journey.

6. Being Geographically Detached

Being reactive in a world of uncertainty will lead you to a miserable and poor state. Just like looking at your reflection in calm water, you'll have a clear picture of your body, while in wavy water, the reflection is distorted. A still mind resides in a healthy, active body, and meditation can help achieve that. So, build a daily habit around it.

7. Nurturing a Still, Non-Reactive Mind

As we mentioned before, building a massive asset is important. A loyal audience is an asset that you can develop by building great relationships through your channel. Everything you build will bring more benefits by having a loyal audience. Loyal audience members often come from your initial audience.

8. Developing Royal Audience

Sexual desire is powerful, so don't lose control of it. Try to manage and channel that desire into something meaningful, long-lasting, and powerful. You can allocate that desire into daily habits, building projects, and expanding your network.

9. Developing Uncommon Sexual Restraints

You can boost your progress alone, but try to build a network of individuals whom you can trust to leverage your actions. A community, such as mentors, friends, and consultants, can multiply your growth quickly.

10. Building Trusting Community

These things have been change me over 12 months. Try all of them

productivity

Productivity

Understand yourself and those around you.

psychology

Psychology

personaldevelopment

Personal Development

10 Uncommon Habits To Beat 99% of Population

Rich people think about money differently; they make it work for them.When life pushes us around, most people react by taking out their frustrations on their jobs or loved ones. However, wise individuals use these challenges as learning opportunities, reflecting on their own views and mistakes.Believing that problems stem from others keeps us trapped in a cycle of blame. Instead, viewing yourself as capable of handling all situations fosters wisdom and growth.In the terms of money, most people play it safe because they are afraid of losing it.

Rich Don't Work for Money;

Fear stems from worries about affording necessities, handling taxes, or feeling insecure about not having enough money. Greed arises when people have money saved and feel compelled to buy unnecessary items.

Fear And Greed

A liability takes money out of your pocket.An asset increases the value of your money.The cash flow patterns of poor, middle-class, and rich people differ based on their assets and liabilities.Income Sheet:Income: Money earned from various sources.Expenses: Money spent on living costs and other necessities.Balance Sheet:Assets: Items that increase in value or generate income.Liabilities: Items that decrease in value or incur costs.

Assets And Liabilities

Be creative in business while excelling (Be innovative in business while doing your job well. Simultaneously, focus on building assets for future growth) in your profession. Improve your assets simultaneously for future growth.

Bussiness

1. Accounting2. Investing3. Understanding market4. The law5. Supply and demand

Factors

FearCriticismLazinessBad habits ( expenses)

Overcome

Clash flowPeopleSystem

Management Skills

Think big to grasp big opportunities. Master the market and uncover insider knowledge.

Finally

The single most asset we have is our mind.

marketingandsales

Marketing & Sales

leadershipandmanagement

Leadership & Management

Although we have been successful in our careers, they have not turned out quite as we expected. We both have changed positions several times-for all the right reasons-but there are no pension plans vesting on our behalf. Our retirement funds are growing only through our individual contributions. Michael and I have a wonderful marriage with three great children. As I write this, two are in college and one is just beginning high school. We have spent a fortune making sure our children have received the best education available. One day in 1996, one of my children came home disillusioned with school. He was bored and tired of studying. “Why should I put time into studying subjects I will never use in real life?” he protested. Without thinking, I responded, “Because if you don't get good grades, you won't get into college.” “Regardless of whether I go to college,” he replied, “I'm going to be rich.”

Kiyosaki is best known for his book Rich Dad, Poor Dad, the #1 New York Times bestseller. Kiyosaki followed with Rich Dad's CASHFLOW Quadrant and Rich Dad's Guide to Investing.

Robert T. Kiyosaki

Rich Dad, Poor Dad

Rich Dad Poor Dad - What the Rich Teach Their Kids About Money

The pursuit of happiness has always been an integral part of human life. Science has made significant strides in understanding the factors contributing to our satisfaction. Interestingly, some of these findings link the purchases we make to the joy we feel. The key lies not in acquiring more material possessions but investing in experiences, engaging in prosocial spending, and buying time.

How The Purchases We Make Link To The Joy We Feel

The age-old question – do you prefer material goods or experiences? According to research, experiences are the way to go if happiness is your end goal. Psychologists Thomas Gilovich and Amit Kumar from Cornell University have conducted numerous studies demonstrating that experiences bring more happiness than material possessions.

1. Experiences

Experiences contribute to our identity much more profoundly than material goods. The memory of watching a beautiful sunset forms a part of who we are, and it is these memories that we reminisce and share with others. Conversely, material possessions can depreciate over time, become outdated, or be replaced.Experiences provide happiness at multiple stages – before, during, and after. The anticipation of an experience, like a concert or a vacation, can bring as much joy as the event. The event provides enjoyment, and afterward, the memories can be relived, prolonging its happiness.

Buying Experiences = Buying Identity Elements

Psychologists and economists have repeatedly found a strong link between prosocial spending and happiness. Prosocial expenditure refers to spending money on others or donating to charities. An often-cited study by Professor Elizabeth Dunn at the University of British Columbia found that individuals reported significantly greater happiness when they spent money on others rather than themselves. This result held across a diverse range of income levels and cultures.

2. Prosocial Spending

Neuroimaging studies have shown that prosocial spending activates the mesolimbic pathway, the brain’s reward system, resulting in feelings of joy.Acts of giving are deeply ingrained in our social fabric and promote feelings of social connection, kindness, and gratitude. So, buying a coffee for a friend or donating to a charity we care about could boost our happiness more than expected.

Prosocial Spending = Affective Spending

In our fast-paced world, time has become an increasingly scarce commodity. Feeling rushed or pressed for time can lead to stress, unhappiness, and reduced well-being. Recent research suggests that using money to buy time – for instance, by hiring a cleaner or paying for a delivery service to free up your time – can increase life satisfaction.In a series of experiments conducted at Harvard Business School, people who spent money to buy themselves time reported higher levels of happiness than those who purchased material goods. This effect was seen regardless of income level.

3. Time

Buying time essentially means outsourcing tasks you dislike, which provides you more time to engage in activities you enjoy or are meaningful to you. This could include spending time with loved ones, pursuing a hobby, or simply relaxing. Buying time can significantly improve happiness and overall life satisfaction by reducing time-related stress.

Buying Time = Purchasing The Removal Of Negative Experiences

Before delving into more ways of spending money to increase happiness, it’s essential to understand the science behind happiness. Happiness is an emotion; like all emotions, it’s created by the brain. The neurotransmitters dopamine, serotonin, and oxytocin, also known as “feel-good” chemicals, play a significant role in making this emotion. Therefore, activities that stimulate the production of these neurotransmitters can enhance our sense of well-being.

The Science of Happiness

Life-long learning and self-improvement often lead to personal growth, self-confidence, and a sense of achievement, all contributing to happiness. This could be as simple as buying a book or enrolling in an online course. It could also involve hiring a personal coach or therapist to work on unique challenges or mental health issues.Research has shown that people who continuously learn and challenge themselves are likelier to be happy and satisfied with their lives. This is because learning new things can boost dopamine production in our brains, leading to increased motivation and enjoyment.

Investing in Learning and Self-Improvement

Investing in our physical health and wellness can also significantly contribute to our happiness. This could involve spending on a gym membership, buying nutritious food, or investing in a good mattress for better sleep.Physical exercise has been found to stimulate the production of endorphins, the body’s natural mood lifters. A healthy diet can regulate the production of serotonin, a neurotransmitter crucial for maintaining mood balance. On the other hand, good quality sleep is essential for regulating various neurotransmitters and hormones, including dopamine and serotonin.

Investing In Health and Wellness

While we cannot directly buy relationships, we can invest in experiences that strengthen our bonds with others. Going for a meal with a friend, planning a family vacation, or even surprising a loved one with a thoughtful gift can enhance relationship satisfaction, which is closely linked to happiness.Research has consistently found that social connections and quality relationships are the most significant contributors to happiness. Thus, using money to nurture and celebrate these relationships can boost substantial satisfaction.

Investing In Quality Relationships

In essence, science suggests that the path to happiness lies not in accumulating material possessions but in how we spend our money. Investing in experiences, helping others, freeing up our time, pursuing personal growth, caring for our health, and fostering relationships appear to provide the most happiness bang for our buck. The next time you contemplate a purchase, consider whether it aligns with these principles, and you might find your money bringing you more joy than you thought possible.

For Happiness, Align Your Money With Your Principles

Money can’t directly buy happiness, but some of the things it can buy will bring more happiness and truer happiness than others. 

The pursuit of happiness has always been an integral part of human life. Science has made significant strides in understanding the factors contributing to our

habits

Habits

timemanagement

Time Management

3 Things To Buy To Be Happier, According to Science

<ul><li>The average failure rate for new businesses is 66% within 5 years of start-up.</li><li>The failure rate is higher for businesses that are younger, smaller, and in more competitive industries.</li></ul>

Reasons why 66% Of New Businesses Fails

Lack of planning.Lack of funding.Lack of market demand.Poor management.Competition.

Reasons Why New Businesses Fail

Planning is not you come up with a dream and it's magically gonna happen, Planning is setting up goals for yourself.Let's say your want 1000 followers, that's a dream it's not a goal, A goal is when you can reverse engineer that goal to where you can see every single step that you have to take to get to that particular goal .So how do you get a 1000 followers? You need to put some content out for that, And then convert those viewers to followers.Let's just say you need 100k views to get 1000 followers, That's 1% of your viewers, so now you know how hard you have to work for it.

1. Lack Of Planning 

Let's go a little bit deeper, you putting out a video everyday doesn't means you gonna reach a 100k views, you need to now calculate the average view count per video. In order to do that you take all the views and divide it by all the videos, let's say you have 10 videos in your social media, in order to reach 100k views you need all your 10 videos to have 10k views each.So it goes like, you need 10 videos, each having 10k views to get 100k views in order to get 1000 followers.You see how a goal has a step by step sequence, It's not just this i want a Lamborghini.

And then you decide do i want put that much content out? What's the rate of success? What's the effort that i wanna put out in order to get to that goal?And that's the main question you gonna find yourself asking. If you are not asking these questions then you are not writing real goals.When you can see the energetic cost that you have to put in,that's when you know it's a goal or a dream.

In business you have to change your mindset around money, if you trade your money for something that loses value it dies. So you have to trade it on something which multiplies it's value, like your skills, the quality of your products or content etc.

2. Lack Of Funding 

Here's the truth that most people don't understand, they need to do some market research before they create a product, website etc, before they even name their business.You should think about what are your products doing to solve problems, People are not buying your products they are buying the desired outcomes, the desired outcomes that people want health, wealth, mastery and social status, And you need to communicate to them how they will get to that desired outcome.

3. Lack Of Market Demand 

Managing money is the most important task, and learning money management can help you a lot.Second thing is learning how to manage people, how to deal with them, and the only way to do it is just do it, you can't rely on books when it comes to dealing with emotions you gotta experience it.

4. Poor Management 

Lastly, never underestimate the amount of competition, just do simple keyword research and look at how many videos exists for that certain keyword, look at how many blogs and articles exists, competition is a lot harder than you may expect, so the question is not, how do you get away from the competition, the question is that how do you stand out from the competition.

5. Competition 

entrepreneurship

Entrepreneurship

product

Product & Design

Powerful quotations from Robert T. Kiyosaki

Lesson 1: The Rich Don't Work For Money

"Life pushes all of us around. Some people give up and others fight. A few learn the lesson and move on. They welcome life pushing them around.”

“Stop blaming me and thinking I’m the problem. If you think I’m the problem, then you have to change me. If you realize that you’re the problem, then you can change yourself, learn something, and grow wiser.”

“When it comes to money, most people want to play it safe and feel secure.So passion does not direct them. Fear does.”

“Most people, given more money, only get into more debt.”

“It’s fear that keeps most people working at a job: the fear of not paying their bills, the fear of being fired, the fear of not having enough money, and the fear of starting over. That’s the price of studying to learn a profession or trade, and then working for money. Most people become a slave to money— and then get angry at their boss.”

“Most people do not know that it’s their emotions that are doing the thinking.”

“A job is really a short-term solution to a long-term problem.”

“It’s just like the picture of a donkey dragging a cart with its owner dangling a carrot just in front of its nose. The donkey’s owner may be going where he wants to, but the donkey is chasing an illusion. Tomorrow there will only be another carrot for the donkey.”

Powerful quotations from Robert T. Kiyosaki on Lesson 1 of Rich Dad Poor Dad (The Rich Don't Work for Money

career

Career

Building wealth and achieving financial success is a goal many aspire to, but it requires strategic planning, discipline, and a proactive mindset. While there is no guaranteed formula for becoming rich, there are valuable lessons that can guide individuals on their journey towards financial abundance. In this article, we will explore 15 key lessons on how to build wealth, create opportunities, and increase your chances of earning a million.

"15 Lessons on Building Wealth and Achieving Financial Success"

Define specific and measurable financial goals that align with your values and aspirations. Having a clear vision will help you stay focused and motivated on your path to wealth creation.

Set Clear Financial Goals

Adopt a mindset that embraces abundance and opportunities. Cultivate positive beliefs about money and success, and be open to learning and adapting to new strategies and ideas.

Develop a Wealth Mindset

Diversify your sources of income by exploring various avenues such as investments, entrepreneurship, side businesses, or passive income streams. Multiple streams of income can provide stability and accelerate wealth accumulation.

Create Multiple Streams of Income

Continuously educate yourself about personal finance, investing, and wealth-building strategies. Develop a solid understanding of financial principles and stay updated on market trends to make informed decisions.

Invest in Your Financial Education

Practice disciplined saving habits and allocate a portion of your income towards investments. Maximize the power of compounding by investing in assets that have the potential to grow over time.

Save and Invest Wisely

Take a strategic approach to managing debt by distinguishing between "good" and "bad" debt. Minimize high-interest debts and leverage low-interest debts for investments that generate returns higher than the cost of borrowing.

Manage Debt Effectively

Adopt a frugal mindset and prioritize spending on essential needs and long-term goals. Create a realistic budget that allows you to track expenses, identify areas for savings, and allocate funds towards wealth-building initiatives.

Be Frugal and Budget Mindfully

Surround yourself with like-minded individuals who are also striving for financial success. Network with professionals, entrepreneurs, and mentors who can provide guidance, support, and potential opportunities.

Build a Strong Network

Understand the difference between reckless risk-taking and calculated risks. Identify opportunities that align with your financial goals and take well-researched risks to capitalize on potential rewards.

Embrace Smart Risk-Taking

Failure is often a stepping stone to success. Embrace failures as learning opportunities and be resilient in the face of setbacks. Analyze your mistakes, adjust your strategies, and keep moving forward.

Persist through Failures and Learn from Mistakes

In an ever-changing world, it is essential to stay innovative and adapt to evolving market trends and consumer needs. Be open to new ideas, embrace technology, and seek opportunities in emerging industries.

Continuously Innovate and Adapt

Develop a strong work ethic and commit to continuous improvement in your chosen field. Consistent effort, dedication, and a willingness to go the extra mile can differentiate you and create opportunities for advancement.

Build a Strong Work Ethic

Cultivate a spirit of generosity and giving as you accumulate wealth. Support causes you believe in, contribute to charitable initiatives, and create a positive impact on the lives of others.

Practice Generosity and Giving

Engage the services of financial advisors, accountants, and legal professionals to ensure you make sound financial decisions. Seek advice from experts who can provide personalized guidance based on your unique circumstances.

Seek Professional Advice

Building wealth takes time, patience, and consistent effort. Stay committed to your financial goals, persevere through challenges, and maintain a long-term perspective. Remember that wealth accumulation is a marathon, not a sprint.

Stay Committed and Patient

Becoming rich and earning a million requires a combination of strategic planning, disciplined execution, continuous learning, and a mindset geared towards financial abundance. By applying these 15 lessons, individuals can embark on a path to building wealth, maximizing opportunities, and increasing their chances of achieving financial success. Remember, building wealth is not just about the destination; it's about the journey of personal growth, financial empowerment, and creating a secure future.

Conclusion:

Savings, and how to save them, is the constant thought we all have. Here are few thoughts that might be helpful.

philosophy

Philosophy

Why money saving is difficult?

10 secrets of money rich people don't want you to know

The author emphasizes that luck and risk are two sides of the same coin and that nothing is as good or bad as it seems. The author suggests that we should account for luck and the potential lack of luck in our investments

1. Luck and Risk

The author discusses how even rich people can do crazy things with their money and how it's important to know when enough is enough.

2. Never Enough:

Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people. Money—investing, personal finance, and business decisions—is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don’t make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together. In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life’s most important topics.

The Psychology of Money

Find 100+ Ideas and Facts about Money - Curated from interesting sources like Books, Podcasts & Articles - Genuine Insights from like-minded Users like You!

MONEY Master the Game

10 Uncommon Habits To Beat 99% of Population

Rich Dad Poor Dad - What the Rich Teach Their Kids About Money

3 Things To Buy To Be Happier, According to Science

Reasons why 66% Of New Businesses Fails

Rich Dad Poor Dad - What the Rich Teach Their Kids About Money

Why money saving is difficult?

The Psychology of Money

The Financial Diet

The Psychology of Money

It's time to
Read like a Pro.

MONEY Master the Game

10 Uncommon Habits To Beat 99% of Population

Rich Dad Poor Dad - What the Rich Teach Their Kids About Money

3 Things To Buy To Be Happier, According to Science

Reasons why 66% Of New Businesses Fails

Rich Dad Poor Dad - What the Rich Teach Their Kids About Money

Why money saving is difficult?

The Psychology of Money

The Financial Diet

The Psychology of Money

It's time to Read like a Pro.

It's time to
Read like a Pro.