Archived Articles

In my five-year study on the rich and poor, I took a lot of notes on the 356 people I interviewed. I asked both groups 144 questions. One of those…

Wishful Thinkers believe they will succeed without putting in the work required to succeed. Those who play the lottery are a good example of Wishful Thinkers. The odds of winning…

In a study published in the British Journal of Psychology, evolutionary psychologists Satoshi Kanazawa of the London School of Economics and Norman Li of Singapore Management University found that individuals…

One of the many questions I asked during my Rich Habits Study was how rich people, before they were rich, were able to forge relationships with the Influencers who helped…

Have you ever noticed that there are some people who seem to glide through life? For some individuals, it takes many years to get good at a particular task, while…

Most have seen the Wizard of Oz. The focal point of that movie is the yellow brick road. Dorothy must follow the yellow brick road in order to get to…

Those who realize success, a dream, accomplish big goals or relentlessly pursue something they are passionate about are courageous and maybe even heroic. They’re heroic for one reason: they do…

You don’t have to reinvent the wheel to succeed. You don’t have to figure our what to do and what not to do, through the school of hard knocks. You…

Becoming a successful entrepreneur is not easy. Most entrepreneurs put everything on the line. They take courageous risks in the pursuit of their dreams. As an entrepreneur, you often feel…

The circumstances of your life are a mirror of your habits, beliefs, emotions and your thinking. You see this mirror effect at work all the time. Someone walks into a…

Before I began my five-year Rich Habits Study, I held the belief that confidence was a prerequisite for success – something all successful people had. But I was wrong. Confidence,…

The Locus of Control concept was first introduced in 1954 by Julian B. Rotter. Locus of Control is a measure of how much control one actually has over the outcomes…

There are people who consume your time without giving it any thought at all. These individuals will call you on the phone often, picking your brain endlessly. Or they will…

I was in the gym one day and overheard the following exchange between a woman and a man: Woman to Man: “Did you run today?” Man to Woman: “Not yet.…

56% of the wealthy in my Rich Habits Study married right. What I mean is that they married a spouse who had certain traits that made their union successful. Finding…

I am being interviewed for the Empowered Artist Workshop LIVE.  It will bring together seven experts and gallery owner/art consultant/author Bridgette Mayer who will be leading the discussions, interviews, and…

When you have a positive mental outlook, you automatically flood the brain with serotonin and dopamine, two neuro-chemicals that cause brain cells to create new connections (synapses) with other brain cells.…

Happiness is very subjective. What makes me “happy” might not make you “happy”. Also, how I define happiness may be different than how you define happiness. Happiness, therefore, is a…

As many of you know, I ‘m big on binders. I learned about this “Binder Process” from several of the self-made millionaires in my Rich Habits Study, who used Binders…

How bad do you want it? “It” being the realization of a dream or long-term goal. The laziest individual, influenced by desire, will instantaneously morph into the hardest working individual.…

We literally have two brains: The Conscious Brain and The Subconscious Brain. The Conscious Brain -The conscious brain is the newest part of the brain. It has been around for…

Successful people do not “work” – they produce outcomes. One after another. A goal is nothing more than the pursuit of an outcome. You create outcomes by having a clear…

Michael Jordan, the first billionaire basketball player, failed to make his high school varsity basketball team in his sophomore year and was sent down to his junior varsity team instead.…

Your brain is exposed to 11 million bits of information per second. Unfortunately, the brain can only process 40 bits of information per second. So, how does the brain decide…

My wife has a lot of friends. More friends than anyone else I know. She is wholly invested in her friends, helping or leading in the planning of birthdays, weekend…

In a study published in the British Journal of Psychology, evolutionary psychologists Satoshi Kanazawa of the London School of Economics and Norman Li of Singapore Management University found that individuals…

In my Rich Habits Research, one of the data points I found interesting had to do with gossiping. Ninety-four percent of the wealthy avoided gossiping vs. 79% of the poor,…

If you’re a beach person like me, you no doubt have had this experience – in order to get to your spot on the beach, you have to trudge through…

At some level we all desire to be financially successful. Financial success solves many of life’s problems. Being financially successful means you no longer have debt, you no longer worry…

Consistently good decisions lead to consistently good outcomes. The foundation of good decision-making is Logic. Making Logic a daily habit, therefore, is critical to success and living a life of…

Below are the top four Neurotransmitters produced by the brain. I like to call them Happiness Neurotransmitters because when you boost the production and release of these chemicals, it gives…

In 1993 GE decided to upset the apple cart and force everyone within the organization to up their game. They did this by pursuing something Jack Welch called “stretch-goals”. “Stretch-goals”…

There is one To-Do almost everyone procrastinates on – Confrontational To-Do’s. A Confrontational To-Do is a To-Do that can only be resolved by confronting someone about some problem they caused…

Not all habits are created equal. Some habits have more of an impact over your life than others. Some require more effort than others. Some create a sort of domino…

Taking the entrepreneurial plunge is a messy process. In the beginning you will encounter nothing but problems, obstacles, mistakes and sometimes failure. In fact, 27% of the entrepreneurs in my…

After five years of studying self-made millionaire-entrepreneurs, I discovered that there is a common path every successful entrepreneur follows, broken down into a series of steps: Make a Decision to…

Did you know that your habits can create happiness or unhappiness? Groundbreaking research done by Dr. Sonja Lyubomirsky of the University of California’s Riverside Campus, has shined a light on…

Nicolas Christakis, a Yale University professor and leading researcher on socially contagious behaviors, found that habits are contagious. Here are some of the discoveries he made regarding habits: Habits spread…

As a child, you are indoctrinated by the education system to see failure as a bad thing. Children who get too many failing grades, are even threatened with the prospect…

Ego is the perception one has of themselves. Having a healthy, normal ego means your view of yourself is accurate and realistic. Where ego goes off the tracks, is when…

If you’re pursuing a dream, some people you run into will seem sincere in their desire to help you move forward in realizing your dream. They will tell you that…

Most people you run into are average. They do what they have to do in order to pay their bills, raise a family and keep their jobs. I’m not criticizing…

Have you ever seen pictures or video footage of people who were in “shock” following some type of horrible accident? In most of these pictures/videos, the individuals all look like…

It’s clear, from numerous studies over the years, that those who make a habit of procrastinating, do not do well in life. Procrastination is action’s evil twin. It is the opposite…

One of the #1 traits shared by the self-made millionaires in my Rich Habits study was a positive mental outlook. The average net worth of those millionaires was $4 million.…

The more you focus on the outcomes, the more certain those outcomes become. This is why it is critical to be in control of your thoughts and emotions. If you…

If you’d like to listen/watch my interview with Keisha, click here: https://www.masteryourmoneyseries.com/?utm_source=c&utm_medium=Tom&utm_campaign=infinite

In the 2016 Kentucky Derby, Nyquist won a very close race and received $1,631,600. The second place winner took home $400,000. In the 2016 NCAA basketball tournament finals Villanova won…

Cancer is the number two cause of death in the United States. A team at Harvard Medical School conducted a long-term study on the health data of about 140,000 health…

In my five year study of the habits of the rich and poor, I discovered that luck plays a critical role in determining success or failure. In fact, 87% of…