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Individuals who make the most money and accumulate the most wealth are those who know what they want to do. They have a well thought-out plan and they pursue it. They put their own ladder on their own wall. A clear vision of your future life puts you in control of your life. Having a…

Human beings have a herd mindset that is simply overpowering. It’s what made Facebook, Twitter, Linkedin, Instagram, Snapchat & Tiktok possible. People simply want to blend in. They want to follow and be part of the herd. We are all hardwired that way, genetically. During the early part of our human existence, we quickly discovered…

In my Rich Habits study I tracked over 360 data points on the differences between the rich and poor. To my surprise, the vast majority of these data points were daily habits. Out of all of those data points, one stood out as the most important determinant of success – persistence. Those with the most…

Since childhood we are indoctrinated to avoid failure. It’s embedded into our education system. As a child, you experience failure for the first time when you fail a test. The teacher puts a big “F” on your test and immediately you learn that failure is bad.   Our education system has been enormously successful in indoctrinating…

You’ve no doubt had your fill of stories about successful entrepreneurs who failed often before achieving success. Abraham Lincoln failed six times in politics before he was elected President of the United States. Henry Ford’s first automobile company went bankrupt. Thomas Edison failed 10,000 times with the incandescent light bulb. R.H. Macy failed seven times…

DREAM-SETTING – I will define my dreams and then create goals around each dream. I will focus on my dream-goals every day. DAILY SELF-EDUCATION – I will devote at least 30 minutes each day to increasing my knowledge and improving my skills. I will invest in myself every day. DAILY EXERCISE – I will devote…

What happens to your brain when you engage in daily self-education? When you engage in learning, your brain releases a protein called Brain-Derived Neurotrophic Factor (BDNF). The release of BDNF has the effect of turning on a part of the brain called the Nucleus Basalis. When the nucleus basalis is turned on it releases a…

Angela Dumas is the host of the Money & Me Podcast. In my interview with Angela, I shared some of the top Smart Money strategies from my new book, Effort-Less Wealth. My interview with Angela will air Nov 23rd. To listen to my Nov. 23rd interview with Angela, click the link below. https://moneyandmemastery.com/speaker/tom%40richhabits.net/

Willpower is the ability to force yourself to focus on something for a limited period of time – typically 2-3 hours at any given time. Willpower is a limited resource because it forces the brain to consume a lot of brain fuel (oxygen and glucose). Because the brain, unlike the rest of the body, is unable…

In Part I I covered one of the main strategies almost anyone can use to create an amount of wealth that will make you feel as if you are “wealthy” – Being frugal with your spending in order to reduce the cost of your standard of living to 80% or less of your net pay.…