Category Archives: habits

Should or Must?

You may have heard people say “Don’t should on yourself” or “Don’t let others should on you.” Ha ha… yeah, cute, right? But the point is that we often do things based on what others want us to do, or a feeling of obligation rather than desire.

Elle Luna suggests making a slight shift, saying “This is a story about two roads—Should and Must. It’s a pep talk for anyone who’s chosen Should for far too long—months, years, maybe a lifetime—and feels like it’s about time they gave Must a shot.”

There are two paths in life: Should and Must. We arrive at this crossroads over and over again. And each time, we get to choose.

Over the past year I’ve chosen Must again and again. And it was petrifying. And at times it was dark. But I would never, ever, trade this past year for anything. This essay is my three biggest takeaways from the experience. It’s for anyone who is thinking of making the jump from Should to Must. Anyone looking to follow the energy deep within their chest but aren’t quite sure how.

Should is how others want us to show up in the world?—?how we’re supposed to think, what we ought to say, what we should or shouldn’t do. It’s the vast array of expectations that others layer upon us. When we choose Should the journey is smooth, the risk is small.

Must is different—there aren’t options and we don’t have a choice.

Must is who we are, what we believe, and what we do when we are alone with our truest, most authentic self. It’s our instincts, our cravings and longings, the things and places and ideas we burn for, the intuition that swells up from somewhere deep inside of us. Must is what happens when we stop conforming to other people’s ideals and start connecting to our own. Because when we choose Must, we are no longer looking for inspiration out there. Instead, we are listening to our calling from within, from some luminous, mysterious place.

Read the full story at Medium.com.

How to be a Millionaire by Age 25

Facebook CEO Mark Zuckerberg © Paul Sakuma, APYes, admit it, you want to be a millionaire. Most of us do. But is it possible to do it by age 25?

A lot of others have done it. If you’re past the quarter-century point you won’t make that goal, but there’s nothing to stop you from learning from their successes.

Each year, some Americans make their first million dollars before turning 25, including a few who are still in high school.

Among the traits they have in common are vision, smarts and determination.

A little luck never hurts.

Mark Zuckerberg

“Young people are just smarter,” Mark Zuckerberg, now 26, told a Stanford University audience in 2007. Three years earlier, Zuckerberg had helped launch the enterprise that came to be called Facebook and vaulted him into the ranks of the nation’s billionaires.

Here’s a look at nine other individuals who were millionaires before they were 25, with some of their advice for achieving success.

Michael Dell

Michael Dell, now 45, earned his first million at age 19. Dell dropped out of the University of Texas shortly after starting a computer company that sold directly to consumers, at prices lower than retail rivals could match.

By the time he was 24, the company now known as Dell (DELL, news) had revenues of $258 million. At last check, Dell’s estimated net worth was $13.5 billion.

His advice for young entrepreneurs: “You’ve got to be passionate about it,” he said in an interview with the Academy of Achievement. “I think people that look for great ideas to make money aren’t nearly as successful as those who say, ‘OK, what do I really love to do?

Catherine Cook

Catherine Cook, now 20, has been a millionaire for a couple of years. She and her brothers David and Geoff started myYearbook, a social-networking site popular with teens, in 2005, when Catherine and David were still in high school.

Her advice for young entrepreneurs: “Stop just thinking about it and make it happen. When you’re young is the best time to start your own business, as you do not have the responsibilities you will have when you’re older. The worst that can happen if you fail now is that you have firsthand experience to make your next venture a success.”

Sean Belnick

Sean Belnick, now 23, became a millionaire at 16. He started selling office chairs online, an endeavor that morphed into a company called BizChair.com. Along the way, Belnick earned a bachelor’s degree from Emory University’s Goizueta Business School.

His advice for young entrepreneurs: “It is never too early to start. . . . There’s a lot of great information on the Internet. Just do the research and find a way to do what you want to do.”

Jermaine Griggs

Jermaine Griggs, now 27, became a millionaire at 23 by pursuing his passion for teaching music. His website, HearAndPlay.com, is designed to help people learn to play piano, guitar or drums by ear, without reading sheet music. More than 2 million students download online lessons each year. Griggs’ plans include the launch of brick-and-mortar learning centers, a TV network and a magazine.

His advice for young entrepreneurs: “Understand the power of selling, not just things but yourself and your ideas. Study business. Study those who have come before you and find people with the same dreams and aspirations as you.”

Read the full article, including five more millionaires, on MSN.com.

If I Had a Million Dollars

And now for something completely different… or at least a lot more fun.

How will you spend you next millions dollars?

Learning about how to be rich and increase your prosperity is fantastic, and we post a lot here on those topics. But sometimes just listening to the right song will get you in the mood to attract wealth as well.

Probably the most famous song by The Barenaked Ladies — fellows from Toronto, like myself, that I got to meet and interview several times — is “If I Had a Million Dollars” (or “If I Had $1,000,000”). And it gets played at millionaire mindset seminars and workshops around the world.

Here they play it live at the DTE Energy Music Theater in Clarkston, Michigan in 2007.

Feel free to sing along for full effect…

If I had a million dollars, If I had a million dollars
Well, I’d buy you a house, I would buy you a house

And if I had a million dollars, If I had a million dollars
I’d buy you furniture for your house, Maybe a nice Chesterfield or an ottoman

And if I had a million dollars, If I had a million dollars
Well, I’d buy you a K-Car, A nice Reliant automobile
And if I had a million dollars, I’d buy your love

If I had a million dollars, I’d build a tree-fort in our yard
If I had a million dollars you could help, It wouldn’t be that hard

If I had a million dollars, Maybe we could put a little tiny fridge
In there somewhere, We could just go up there and hang out

Like open the fridge and stuff
And there’d all be foods laid out for us
Like little pre-wrapped sausages and things

They have pre-wrapped sausages, But they don’t have pre-wrapped bacon
Well, can you blame them? Yeah!

If I had a million dollars, If I had a million dollars
Well, I’d buy you a fur coat, But not a real fur coat, that’s cruel

And if I had a million dollars, If I had a million dollars
Well, I’d buy you an exotic pet, Yep, like a llama or an emu

And if I had a million dollars, If I had a million dollars
Well, I’d buy you John Merrick’s remains, All them crazy elephant bones
And if I had a million dollars I’d buy your love

If I had a million dollars, We wouldn’t have to walk to the store
If I had a million dollars, We’d take a limousine, ’cause it costs more

If I had a million dollars, We wouldn’t have to eat Kraft Dinner
But we would eat Kraft Dinner

Of course we would, we’d just eat more
And buy really expensive ketchups with it
That’s right, all the fanciest Dijon ketchups

If I had a million dollars, If I had a million dollars
Well, I’d buy you a green dress, But not a real green dress, that’s cruel

And if I had a million dollars, If I had a million dollars
Well, I’d buy you some art, A Picasso or a Garfunkel

If I had a million dollars, If I had a million dollars
Well, I’d buy you a monkey, Haven’t you always wanted a monkey?
If I had a million dollars I’d buy your love

If I had a million dollars, If I had a million dollars
If I had a million dollars, If I had a million dollars
If I had a million dollars, I’d be rich!

10 Ways to Get Rich from Warren Buffett

Warren Buffett's 10 Ways To Get RichWhat does one of the richest men in the world say you should do if you too want to be rich? Obviously he’s a very good person to listen to on the topic, and here’s his advice.

With an estimated fortune of $62 billion, Warren Buffett is the richest man in the entire world. In 1962, when he began buying stock in Berkshire Hathaway, a share cost $7.50. Today, Warren Buffett, 78, is Berkshire’s chairman and CEO, and one share of the company’s class A stock worth close to $119,000. He credits his astonishing success to several key strategies, which he has shared with writer Alice Schroeder. She spend hundreds of hours interviewing the Sage of Omaha for the new authorized biography The Snowball. Here are some of Warren Buffett’s money-making secrets — and how they could work for you.

1. Reinvest Your Profits: When you first make money in the stock market, you may be tempted to spend it. Don’t. Instead, reinvest the profits. Warren Buffett learned this early on. In high school, he and a pal bought a pinball machine to put in a barbershop. With the money they earned, they bought more machines until they had eight in different shops. When the friends sold the venture, Warren Buffett used the proceeds to buy stocks and to start another small business. By age 26, he’d amassed $174,000 — or $1.4 million in today’s money. Even a small sum can turn into great wealth.

2. Be Willing To Be Different: Don’t base your decisions upon what everyone is saying or doing. When Warren Buffett began managing money in 1956 with $100,000 cobbled together from a handful of investors, he was dubbed an oddball. He worked in Omaha, not Wall Street, and he refused to tell his parents where he was putting their money. People predicted that he’d fail, but when he closed his partnership 14 years later, it was worth more than $100 million. Instead of following the crowd, he looked for undervalued investments and ended up vastly beating the market average every single year. To Warren Buffett, the average is just that — what everybody else is doing. to be above average, you need to measure yourself by what he calls the Inner Scorecard, judging yourself by your own standards and not the world’s.

3. Never Suck Your Thumb: Gather in advance any information you need to make a decision, and ask a friend or relative to make sure that you stick to a deadline. Warren Buffett prides himself on swiftly making up his mind and acting on it. He calls any unnecessary sitting and thinking “thumb sucking.” When people offer him a business or an investment, he says, “I won’t talk unless they bring me a price.” He gives them an answer on the spot.

4. Spell Out The Deal Before You Start: Your bargaining leverage is always greatest before you begin a job — that’s when you have something to offer that the other party wants. Warren Buffett learned this lesson the hard way as a kid, when his grandfather Ernest hired him and a friend to dig out the family grocery store after a blizzard. The boys spent five hours shoveling until they could barely straighten their frozen hands. Afterward, his grandfather gave the pair less than 90 cents to split. Warren Buffett was horrified that he performed such backbreaking work only to earn pennies an hour. Always nail down the specifics of a deal in advance — even with your friends and relatives.

5. Watch Small Expenses: Warren Buffett invests in businesses run by managers who obsess over the tiniest costs. He one acquired a company whose owner counted the sheets in rolls of 500-sheet toilet paper to see if he was being cheated (he was). He also admired a friend who painted only on the side of his office building that faced the road. Exercising vigilance over every expense can make your profits — and your paycheck — go much further.

Read the last 5 ways on WarrenBuffett.com.

365 Ways to Get Rich (Part 5)

We’re in the process of sharing a series of tips from Forbes on how to get rich. If you want to go back and read the others, you’ll find part 1 here, part 2 here, part 3 here and part 4 here.

There are hundreds more that we could share, but we’ll let you read the rest on the Forbes article.

To get you there, here are the next 20 tips, which bring us up to an even 100…

#81
Beware personal finance gurus pitching products.

#82
The most successful investors spend many hours at it each day and have passion and patience. There are no shortcuts.

#83
Warren Buffett: “Diversification is protection against ignorance.”

#84
Like Captain Kirk, have advisors from different planets.

#85
Before funding college accounts make sure you’re saving enough in your retirement accounts.

#86
To avoid a tax penalty, tap IRAs, not 401(k)s, to pay college tuition.

#87
Borrow from grandma at 4% for grad school; Uncle Sam’s Graduate Plus loans go  for 6.41%.

#88
Marry a billionaire, or perhaps even more rewarding, divorce one.

#89
When buying a luxury condo, ignore superfluous amenities like massage rooms and pet spas; they won’t contribute to resale value.

#90
Add commercial real estate to your portfolio.

#91
Wait for inflation to rise before buying TIPS.

#92
Howard Marks: “Rule number one: Most things will prove to be cyclical. Rule number two: Some of the greatest opportunities for gain and loss come when other people forget rule number one.”

#93
Before remarriage, discuss estate plans.

#94
Track gambling losses to offset taxable gambling winnings.

#95
Confess any tax crimes to a lawyer, not a CPA.

#96
Deduct your yacht loan as mortgage interest on a second home.

#97
Don’t do deals between yourself and your own IRA.

#98
Don’t roll your old 401(k) into an IRA if you might face a lawsuit.

#99
When creating a trust or family limited partnership for asset protection, don’t give it your own name or one obviously identified with you.

#100
Profit from stock market volatility: Buy into a VIX futures fund and use wild, seemingly irrational swings as buying opportunities.

Read the rest of the tips on Forbes.

How Can We Be Happier?

People often have a bad habit of looking for happiness outside of themselves. But the truth is, happiness comes from within and you can only be happy if you decide to be.

Nobody can “make” you happy but yourself.

This immigrant discovered the truth for herself on her own journey, and ended up creating a mobile app (with web access too) for posting happy thoughts.

How can we be happier?

Why is the pursuit of happiness so stressful and unfulfilling? Why do we believe that huge achievements trump small everyday moments that connect us with ourselves and those we love most? After years of “dreaming in American” and chasing The Big Happy, Russian-born entrepreneur Nataly Kogan dug into the research and believes the key to being happier is to stop saying “I’ll be happy when…” and start saying “I’m happy now because…”

Sharer of Joy: Nataly Kogan at TEDxBoston

Start your happiness journey at Smile.Happier.com.

Attract Money and Prosperity

money magnet how toPretty much everything you want to accomplish in life boils down to changing your thoughts, feelings and habits. Doing the same thing will always bring the same results, but doing things differently can change your path.

Here are some interesting exercises to help you attract money.

By altering your thoughts, actions and energy  you can enable yourself to attract success and become a magnet for money.

3 Ways To Increase Prosperity:

  1. Change your thoughts and actions.  The way in which you think about money and your success will have an affect on how you receive money.   Your energy is a key factor in determining your financial prosperity.  When you switch your thoughts and energy from the negatives such as “I will never have enough money” or “I can’t afford my bills” to “I am happy with what I have” and “I will have an abundance of financial stability”, you are creating gratitude and opening up yourself to receiving money.
  2. Practice the “$5” rule.  Take all your $5 bills and put them into red envelope.  Follow this technique for 3 -5 months for all $5 bills come your way.  Then apply half towards a needed loan and half towards a needed vacation.

Read more at MSI-Healing.

365 Ways to Get Rich (Part 4)

We’re in the process of sharing a series of tips from Forbes on how to get rich. You can read part 1 here, part 2 here and part 3 here.

If you’re one of the many people who want to get rich but aren’t sure how to go about it, these ideas will help.

Here are the next tips in the series…

#62
Defy conventional wisdom and increase your stock allocation after retirement.

#63
To make money in small-cap stocks, look for novel business methods and niches, not the next blockbuster drug.

#64
Don’t abdicate investment decisions to your spouse.

#65
Be suspicious—and investigate further—when a corporation changes its auditors.

#66
Carry a $2 million or bigger umbrella insurance policy to protect your wealth from liability suits.

#67
Warren Buffett: “Be fearful when others are greedy,  and be greedy when others are fearful.”

#68
Invest to meet goals, not to beat indexes.

#69
Clarify your own objectives by writing an Investment Policy Statement.

#70
When you get restricted stock in a startup, make an 83(b) election; if the company takes off, you’ll save big on taxes.

#71
Consider your marriage tax penalty (or bonus) before setting a wedding date.

#72
Aim to have five times your salary in your 401(k) and IRAs by age 55 and eight times before you retire.

#73
Dan Ariely: “If you can’t save money, be really nice to your kids.”

#74
Put peer-to-peer loans in your portfolio using sites like LendingClub.com for monthly cash flow and yields of from 7% to 9%.

#75
Peter Lynch: “Go for a business that any idiot can run—because sooner or later, any idiot is probably going to run it.”

#76
Never take on a mortgage just for the tax deduction.

#77
Keep no more than $250,000 in any one bank.

#78
Buy an index fund weighted to fundamentals.

#79
Remain anonymous after winning the Powerball jackpot.

#80
Work for a charity for ten years and get your federal student debt forgiven.

Read the rest of the tips on Forbes.

Increase Prosperity with your Words

How you think, feel and verbalize those thoughts and feelings are crucial. If you’re careful how you talk to yourself about wealth and prosperity, and you enjoy an abundant life in many ways, this video is not for you because the host talks about what “we” do and don’t do.

But if you’re struggling with increasing your level of prosperity, you’ll find some good tips here on how to reframe the words you use and increase your levels of gratitude, appreciation, abundance and prosperity.

brite-video

Our prosperity is closed tied with our concept of abundance and worthiness. One of the ways to notice what beliefs we’re carrying inside of us regarding our abundance is to notice what we say.

In this video, learn how your words are an important part of the abundance you have in life. Discover how to use your words to your advantage so you can increase your prosperity.

See more at Brite-World.com.

10 Tips for Increasing Prosperity

http://gratitudeplanet.com/wp-content/uploads/2010/04/prosperity.jpgThere is no giving without receiving or receiving without giving. They form two sides of the same coin, and are part of the natural order of life.

Accepting and expressing gratitude for what you receive allows more to come your way.

Visual artist Lisa shares her top tips for remembering to be grateful and inspire the flow of increasing prosperity.

  1. When cashing out at a store, if there is a “Take a penny, leave a penny” tray, do so, even if you aren’t paying with cash. If you have a penny in your pocket, donate it to the tray. Tell yourself “I always have plenty of money.”
  2. When entering a building, offer to hold a door open for one or several people. Smile and nod and “play doorman” (or door person). Give the gift of service for 20 seconds. When someone opens a door for you, move right through and thank them. Tell yourself “I always have plenty of time to play with others.”
  3. When meeting someone for the first time, or even someone you know well, give them an honest compliment right away. Maybe say “wow, I love your shoes,” or “you seem to be in a great mood today.” This giving costs nothing, but is completely valuable and appreciated. Tell yourself “I give compliments easily. I see the best in others.”
  4. When eating out, tip more if you get amazing service. If your waiter or waitress is really fun and connected, and if you feel you got exceptional service, up your standard tip. If your default tip, regardless of service, is 15%, then give 20% or even 25% for amazing service. Tell yourself “I give and I receive freely. I have received amazing service, and I give back in joy right now. I have plenty of money.”
  5. If you have a business, give yourself the gift of meditation and focus on the expansion of the business. See it growing and serving others in more and more powerful ways. Take time to be quiet with yourself and allow your vision to take hold in your vibration. Imagine it unfolding powerfully. Tell yourself “I give myself to this vision, and I expect to live it as soon as today.”
  6. Create a fake ledger on your computer. Deposit fake money into it. Pretend it is real. Look on line for ways to spend it all. Let yourself enjoy deciding how you will spend it. What do you want? Enter your “purchases” in your ledger. Every day increase your deposit, and then spend it again. Donate as much as you want to to causes you believe in. Tell yourself “I can’t spend all this money fast enough. It just keeps coming back in greater and greater amounts.”
  7. Buy a new CD that thrills your heart. If you hear an artist or musical group that makes you feel great when you hear a performance on the radio or on TV, support them by buying a CD of their music. Pay full price for it and feel great about helping them expand their audience. Tell yourself “I give freely to people who make my life better through their art.”
  8. Give freely when you sense a need. If you are entering the grocery store and you see a hungry person outside, consider buying something to give them that they can eat immediately. They may ask you for money, which you can give them if you are inspired to do so, but choose something ready to eat that you know will nourish them. Tell yourself “I give to others in need. The Universe gives to me in my generosity and gratitude as well, always.”
  9. When someone offers to help you with something, or to give you something, accept their offer gratefully. Yes, it can take longer to have someone “help you” do something, but if you accept the offer in joy and openness, you can keep your flow open on the receiving end. Tell yourself “I receive gifts into my life freely, joyously, and openly.”
  10. Give gratitude and appreciation for what you have right now. Practice being content with the prosperity you are enjoying right now. Law of Attraction will bring you more abundance when it knows you already feel abundant and prosperous. Love where you are, and expect a lot more too. Tell yourself “I am abundant, prosperous, and completely in the allowing flow of the Universe. All is well in my life. I am open to the next expanding step.”

Read the full story on Gratitude Planet.