Gold-Plated Relationships Are Fundamental to Success

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Relationships are the currency of the wealthy.

Wealthy, successful people are very particular about who they associate with. Their goal is to develop relationships with other success-minded individuals. What I like to call, Rich Relationships.

When a wealthy, successful person stumbles upon someone who they believe possess a similar success mindset, they go to work seeking to build a strong relationship with that special someone. Their goal is to transform these relationships into Gold-Plated Relationships.

How do millionaires create Gold-Plated Relationships?

They help them become successful using a number of strategies:

  1. Referral Source – They refer quality clients or customers to their budding Rich Relationship.
  2. Door Opener – They tap their inner circle of powerful Influencers to help open doors. These Influencers might be bankers, potential customers, industry power brokers, distributors, suppliers, Virtuosos, college deans (kids), senior executives at publicly-help companies seeking interns (kids), etc. They open doors to help improve the business and personal lives of their newly minted Gold-Plated Relationship.
  3. Mentorship – The rich offer guidance and advice to help their new relationship avoid mistakes, pitfalls and potential problems in their business. They offer advice and wisdom in helping them grow their business. The teach them proven processes that the millionaires use themselves. They help them focus on the right paths to take, saving them time and money.
  4. Funding – The rich will help them secure funding for a dream, their struggling start-up, or money to help them grow and expand their existing business.

This Giving First Doctrine is very effective in forging Gold-Plated Relationships.

The rich understand that by giving first, their new relationship will feel compelled to reciprocate, in some way (called Law of Reciprocity).

The rich also understand that by giving first, their new relationship will become their biggest cheerleader, a valued external salesperson and an enthusiastic referral source.

Success is a process. Knowing and duplicating the processes millionaires use to help them achieve success, helps minimize mistakes and removes the trial and error of your success journey.

My mission is to share my unique research in order to help others realize their dreams and achieve their goals. If you find value in these articles, please share them with your inner circle and encourage them to Subscribe. Thank You!

The Bigger Your Herd – The Greater Your Wealth

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Human beings have a herd mindset that is simply overpowering. It’s what made Facebook possible. It’s what causes teens to emulate each other, good or bad. It causes stock markets to go up and stock markets to go down.

People simply want to blend in. They want to follow and be part of the herd. [Read more…]

The Mirror Never Lies

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When you look in the mirror who do you see? Do you like what you see? Do you see someone who is going to make their mark on the world, achieve great things and make the world a better place?

Successful people do not rely on chance. They proactively shape the course of their lives.When they look into their mirror, they see the future version of themselves and that puts a smile on their reflection.

If you’re like most, the reflection you see in the mirror is not the reflection you would like to see.

So, how do change that reflection?

In my Rich Habits research, I uncovered eight strategies to help you change your reflection by creating a blueprint for every aspect of your life. I like to call them the Future Mirror Strategies.

Each strategy provides a clear vision of who you want to be, in every aspect of your life.

Without a clear vision, you have no control over the type of change you desire to bring into your life. Without clarity, your future is determined by chance, which often does not align with the change you desire.

You need change to be programmed or systematic. That is only possible when you have a blueprint that is guiding and directing the change you desire.

Let’s explore each strategy. [Read more…]

How Are You Draining Your Bucket?

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Every individual’s daily bucket is filled with the exact same amount of time – 1,440 minutes.

Life does not discriminate with any of us, when it comes to time –  we are all on equal footing.

What we choose to do with the time given us, is where the rich and poor part ways.

Success and wealth happen to only a select few. This select few make the best use of their 1,440 minutes.

How does the average successful person spend their weekday?

Thanks to my five-year study on the daily habits of the wealthy, I have the data. Let’s pull that curtain back:

  • 30 minutes or more engaged in reading for self-education for work or to help pursue a long-term goal, dream or major purpose.
  • 30 minutes or more engaged in aerobic exercise.
  • 15 minutes or more planning their day.
  • 60 minutes dedicated specifically to pursuing a long-term goal, dream or major purpose.
  • 70 minutes or less making phone calls, emailing, skypeing, etc.
  • 420 minutes or more sleeping.
  • 40 minutes networking, volunteering, relationship building.
  • 500 minutes or more working.
  • 75 minutes or less traveling for work.
  • 75 minutes or less eating.
  • 30 minutes dressing, bathing, etc.
  • 10 minutes meditating.
  • 45 minutes dedicated to family
  • 40 minutes running errands, recreation, cooking, home, miscellaneous.

The average weekday of the wealthy begins at 4:45 am, or approximately three hours before arriving at work.

Success isn’t an event, it’s a process. Successful people drain their daily time bucket by investing their time in activities that will create meaningful deferred future benefits.

The unsuccessful drain their daily time bucket by spending time on activities that do not create meaningful deferred future benefits.

My mission is to share my unique research in order to help others realize their dreams and achieve their goals. If you find value in these articles, please share them with your inner circle and encourage them to Subscribe. Thank You!

Beware the Dependent Mindset

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A very big part of living a happy life is surrounding yourself with the right type of people.

Who are the right type of people?

They are what I like to call, Rich Relationships.

There are two telltale signs of someone who qualifies as a Rich Relationship:

  1. Positive Outlook – They possess an upbeat, positive outlook on life. They seem to be perpetually optimistic and forward-looking.
  2. Emotionally Stable – They are in complete control of their emotions. Their emotions are on an even keel. They do not have wild swings in their emotions – happy one day, depressed the next day. They don’t get overly excited when things go right or wrong with their lives.

Your #1 goal in life should be to surround yourself with these Rich Relationship types.

Your #2 goal should be to exorcise from your life those individuals who are Toxic.

Toxic Relationships have many negative characteristics. I’ve written about the traits to be on the lookout for here: Toxic Traits – http://richhabits.net/toxic-traits/

But the most dangerous and destructive Toxic Relationships are those who have a Dependent Mindset.

Why?

Those with a Dependent Mindset constantly seek out favors. They abuse your time and your bank account. The worst trait of those with a Dependent Mindset is that they develop a sense of entitlement – they expect you to continue to bail them out in life.

What makes them the worst of the worst is their reaction when you finally catch on to their habitual shakedown scheme and cut them off. That is when they bite the hand that feeds them, and turn against you.

They will spread false gossip about you to friends, family and acquaintances.

They will attack you and anyone within your inner circle.

They will perform evil deeds in an effort to punish you and those you love.

Beware of the Dependent Mindset. Be very circumspect whenever someone comes looking for a handout. They may be setting you up to be their next victim.

My mission is to share my unique research in order to help others realize their dreams and achieve their goals. If you find value in these articles, please share them with your inner circle and encourage them to Subscribe. Thank You!

The Uber Wealthy Love What They Do For a Living

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How many of you honestly love what you do for a living?

By “love”, I mean:

  • You look forward to getting to work, as soon as you open your eyes in the morning.
  • You’re excited and pumped up about the day ahead.
  • You often think about how lucky you are to be doing what you’re doing.
  • There isn’t anything you would rather do for a living.

OK, so you’re not in the “I love my job” camp. But, you also don’t hate your job. In fact, you actually like what you do for a living.

How many of you are in that camp – the  “I like my job” camp?

In my five year Rich Habits Poor Habits Study, one glaring statistic that I found very interesting related to this very topic.

86% of the wealthy in my study said that they liked their job, while only 7% said they loved their job.

How about the poor in my study?

97% of the poor said that they did not like their job and 58% said they actually hated their job.

Probably the most interesting thing about the job satisfaction data I gathered in my study was how it was directly correlated to how much money you made and how much wealth you accumulated.

Those wealthy 7% who loved their job earned the most income every year and had a net liquid worth that was more than twice that of the wealthy who merely liked their job.

When it came to the poor, those who hated their jobs made, on average, $12,000 less than the poor who simply did not like their jobs.

That $12,000 worked out to an almost 40% difference in earnings.

Clearly, there is a financial cost to hating what you do for a living.

What this data makes clear is that if you want to have any shot at becoming rich, you’ve got to at least like what you do for a living.

Hating what you do for a living almost certainly means you will struggle financially in life.

Loving your job and having passion for your job, it seems, are joined at the hip.

The wealth in my study who said they loved what they did for a living, also said that they were very passionate about their job and that that passion gave them seemingly unlimited energy. As a result, they were able to work longer hours and this work ethic enabled them to perform at the highest levels, adding value to those they served.

When you love what you do for a living, you have essentially hit the lottery. You will make more money and accumulate more wealth than those who don’t feel the same way about what they do to earn a living.

My mission is to share my unique research in order to help others realize their dreams and achieve their goals. If you find value in these articles, please share them with your inner circle and encourage them to Subscribe. Thank You!

Do You Spend or Invest Your Time?

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When most people think of risk, they think of it in terms of some financial investment they make: investing money in a new business, investing in stocks, mutual funds, bonds etc., the lottery, or lending someone money.

But financial risk is not the greatest risk. You can always earn more money. Money comes and goes, as they say.

The greatest risk you take is time.

When you devote time to anything, that time is lost forever. Time never gets renewed or returned.

Those who do not value time, spend it.

Many people spend their time by engaging in wasteful activities – watching T.V., reading/posting on Facebook, viewing kitten videos on YouTube, drinking at a bar for hours, laying in bed or some other non-productive activity.

Time spenders don’t begin to value time until they get older and time begins to run out.

Those who were taught to value their time, invest it.

Time Investors go by many names – Successful people, self-made millionaires, Virtuoso’s, the healthy or physically fit, executives, entrepreneurs, teachers, etc.

Those who understand the value of time, invest their time wisely by pursuing dreams/goals, reading to become more knowledgeable in their job or profession, practicing their skills until they become a Virtuoso, building Rich Relationships or creating a legacy that benefits others.

Any investment you make of your time should pay dividends down the road in some meaningful way – increased happiness events, financially security, fewer financial worries, longevity, a legacy that benefits future generations or helps improve the lives of others.

When you see time as the greatest risk of all, it will force you to become more aware of exactly how you use it.

Are you spending your time or are you investing it?

Invest it wisely, because you will never get it back.

My mission is to share my unique research in order to help others realize their dreams and achieve their goals. If you find value in these articles, please share them with your inner circle and encourage them to Subscribe. Thank You!

Yesterday is Really Your Only Competition

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If you ask any business owner or business executive, they should be able to rattle off a list of their main competitors.

In small companies, most of your competition is local, maybe even regional.

Large companies compete with other industry leaders, trying to coax market share away from a handful of other large companies.

In reality, however, there is only one rival you should be competing with – Yourself. Or should I say, your “Yesterday-Self”.

The exceptional are focused on competing with their “Yesterday-Self”, rather than some business competitor. These special individuals recognize this as the true path towards unlimited success.

When you shift your focus from external competition to internal competition (yourself), you seek out and engage in activities that push you to become better; that force you to improve.

That daily desire to improve eventually transforms into a Rich Habit, and when it does, most of the competition melts away – unable to keep pace.

Daily self-improvement automates growth and puts you on the path to becoming a Virtuoso at whatever it is you do.

It’s hard to compete against Virtuoso’s and, besides, there are fewer of them at the top of the mountain.

The more you grow in knowledge and skills, the better you become at what you do. The better you become at what you do, the more value you’re able to provide to your customers/clients. And those who provide the most value, the Virtuoso’s, get paid the most money.

Individuals who devote themselves to improving every day, don’t really have to worry about their competition. It’s too hard to keep up with someone who gets better every day.

There really isn’t any competition for those intent on being better than they were yesterday.

My mission is to share my unique research in order to help others realize their dreams and achieve their goals. If you find value in these articles, please share them with your inner circle and encourage them to Subscribe. Thank You!

I Know a Success Mentor Who Is Willing To Help You Become Rich & Successful For Free

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I never had a success mentor. Like most, I had to figure things out on my own. In my case it was through the School of Hard Knocks and by reading books.

But, still I longed for a success mentor; someone I could learn from and who could guide me in making the right decisions in life.

So, in the absence of having a success mentor, I created my own. I even gave him a name – JC Jobs.

JC Jobs is the main character in three of my books, Rich Habits, Rich Kids and my latest unpublished manuscript, Rich Neighbor Poor Neighbor.

Through my books, JC evolved into my success mentor. Whenever I am unsure about what I should do, I ask myself, “what would JC do?”

JC Jobs is the future, ideal version of Tom Corley. He is who I intend to become, before I die.

Everyone needs their own version of JC Jobs in their life.

And here’s the great news – you can create your own personal JC Jobs.

Here’s the process:

Step #1 – Describe Your Ideal, Future Life

Pretend it’s June 12, 2039, twenty years into the future, and you are writing in your Journal. In 2039 your life is amazing. Everything you ever wanted to be, do or have has come true.

In your June 12, 2039 Journal, I want you to write about what your amazing life looks like. Be specific and detailed down to the color of the rugs in your amazing house, what your backyard Irish Pub looks like, where you dock your mini-yacht, how much money you make, how much you’re worth, etc.

I also want you to describe the amazing person you are in 2039.

What superior knowledge and skills do you have? What successful people do you associate with? What does your body look like? What good do you do with your wealth? What are your outstanding traits?

After you’re done describing your future, amazing life, the next thing I want you to do is to describe the journey.

Step #2 – Describe The Journey

What happened,? What did you do over the past twenty years that made your new, amazing life possible?

Describe the big changes you made to your life: changes in the way you made money, changes in the way you saved and invested money, the dreams and goals your pursued and realized, etc.

When you are done with this little exercise, you will have created your very own version of JC Jobs – your own personal success mentor – someone you can look up to and who can guide you in life.

If there’s a best version of yourself, why not let that best version be your success mentor?

My mission is to share my unique research in order to help others realize their dreams and achieve their goals. If you find value in these articles, please share them with your inner circle and encourage them to Subscribe. Thank You!

Everyone is Born to Be Lazy

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The human brain is lazy. Or, looking at it another way, the brain finds ways of doing things that allow it to work less.

And that’s precisely why we have habits. Habits enable the brain to work less.

With habits, the prefrontal cortex, the brain’s primary energy hog, has a minor role – identifying external triggers in the environment and communicating those triggers to the basal ganglia, the command and control center for habits.

Once the basal ganglia is notified about a trigger, it takes over from there, leaving the prefrontal cortex free to do other things, like be lazy.

So, you can imagine, the prefrontal cortex loves habits.

Habits put you on autopilot. This is a good thing if you have far more good habits than bad habits and a very bad thing if you have far more bad habits than good habits.

The vast majority of people around the world have far more bad habits than good habits. How do I know?

Bad habits show up in a number of ways:

  • Ever increasing credit card debt – Poor Money Habits
  • Obesity epidemic – Excess Eating Habits
  • Type II diabetes epidemic  – Unhealthy Eating and Poor Exercise Habits
  • High rate of infidelity – Poor Decision-Making and Emotional Control Habits
  • Various addictions (drugs, alcohol, gambling, etc.) – Destructive Addiction Habits
  • Criminals behind bars – Toxic Relationships Habits
  • Unemployment – Bad Work Habits or Lack of Self-Improvement Habits
  • Millions disabled – Poor Health Habits (in most cases)
  • Widespread high blood pressure – Poor Eating, Excess Drinking and Poor Exercise Habits

I could go on. The point is, you see the affects of bad habits all around you.

The next time you are in a public setting, just spend some time observing those around you.

It’s an eye opener, for sure.

You’ll see many bad habits on display.

How many overweight people do you see?

How many people smoking something?

How many people cursing?

How many people just sitting, doing nothing?

You’ll also see many good habits on display.

How many people do you see jogging?

How about biking?

How many are reading a book?

Do you see more bad habits on display than good habits?

When you have too many bad habits and too few good habits, your life sucks and you are unhappy. Bad habits lead to a bad life.

When you have many good habits and few bad habits, your life is great and you are happy. Good habits lead to a good life.

My mission is to share my unique research in order to help others realize their dreams and achieve their goals. If you find value in these articles, please share them with your inner circle and encourage them to Subscribe. Thank You!