Category Archives: habits

365 Ways to Get Rich (Part 3)

This is part of a series of tips from Forbes on how to get rich. Read part 1 here and part 2 here.

Many people want to be richer, have more money and more prosperity. But they don’t know how to go about it or what actions to take.

Here are the next 20 tips…

Beware affinity fraud; find God, not hot investments, at your church, synagogue or mosque.

Sir John Templeton: “The four most dangerous words in investing are: ‘this time it’s different.’”

Don’t put more than you can afford to lose into a crowdfunded deal; startups are always risky, and the new JOBS Act reduces both paperwork and investor protection.

Don’t underrate the importance of liquidity.

Use Quicken or a Web service to track all your finances and see your big picture.

Use different passwords for each of your online financial accounts; add optional security questions whose answers can’t be found in your Facebook or LinkedIn profiles.

Write down your passwords and hide them; tell one person where they are.

Don’t fight demographics—allocate a portion of your portfolio to health care and biotech stocks.

Diversify globally to boost your portfolio’s risk-adjusted performance.

Benjamin Graham: “Speculation is neither illegal, immoral nor (for most people) fattening to
the pocketbook.”

Cash in on companies with stealth dividends—meaning stock buybacks.

Diversify, but don’t overdo it.

Set investing rules for yourself that block impulsive decisions.

Look beneath a fund’s name, with Morningstar’s Style Box and X-ray.

Use software to track your asset allocation.

Ask for a “brokerage window” in your 401(k)—an opening that allows you to invest in any mutual fund and even individual stocks.

Bond laddering is good, but diversifying your income investments is important, too.

Treasury Inflation-Protected Securities (TIPS) offer protection from inflation—not from rising interest rates.

John Bogle: “Time is your friend. Impulse is your enemy.”

Use salary increases to boost contributions to your 401(k).

Read the rest of the tips on Forbes.

Increase Prosperity with My Prosperity Wheel

Author and entrepreneur Patricia Gozlan, founder of The Prosperity Zone, offers an exercise to increase your prosperity. It’s called My Prosperity Wheel, and she demonstrates it in this video:

This exercise is aimed to help you identify the levels of improvement in your life and business so that you can savor life and enjoy a balanced easy life. If you want to get your wheel as a template go to my site in the link above and once you sign in you will get this exercise with all the steps described for you. You also get a prosperity balance session to help you design your wheel and identify actions and blocks if any.

Patricia’s mission is to help service professionals, coaches and healers to get rid of blocks that are holding them back so they can improve their results. She has worked for 15 years in the fashion industry in Milan, sourcing, styling, marketing and exporting fabrics, garments and luxury accessories.

Because of her experience in international business and sales, her longtime passion for coaching and healing, her abiding interest in human behavior patterns, her understanding of the techniques used by Ancient Greek philosophers to attract prosperity and happiness, and her interest in the prosperity models offered by quantum physics and universal laws, she decided to put her skills and passions together. She has combined these facets in an effort to help heart centered professionals from all over the world achieve more with less effort.


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365 Ways to Get Rich (Part 2)

We shared the first 20 tips from Forbes on how to get rich in a previous post.

This is something that many people want but few know how to do.

Now here are the next 20…

When the bear charges, stand your ground.

For protection from inflation and currency devaluation, buy the “gold you can eat”—farmland.

Know your risk tolerance. Pick an asset allocation that lets you sleep at night, so you won’t panic and sell stocks at the bottom.

Don’t keep too much in cash equivalents—over time, this “safe” investment barely keeps up with inflation.

After setting an asset allocation, rebalance yearly;  it forces you to take profits when stocks have surged and to buy more shares when they’re cheap.

Benjamin Graham: “Adopt simple rules and stick to them.”

Buy Bitcoin as a speculation or political statement, not a hedge.

The Forbes E-book On Bitcoin Secret Money: Living on Bitcoin in the Real World, by Forbes staff writer Kashmir Hill, can be bought in Bitcoin or legal tender.

Be a tax-smart investor. Hold taxable bonds in a 401(k) or IRA. Put individual stocks in taxable accounts so you can sell losers to harvest tax losses.

Pay attention to the IRS’ wash sale rule when harvesting capital losses.

Don’t invest in a hedge fund unless its audited results are reported in compliance with Global Investment Performance Standards.

Build an emergency fund outside your 401(k).

For the biggest tax break when donating collectibles to charity, make sure they’ll be displayed and not sold.

Put alternative investments like real estate (but never collectibles) in your IRA.

Burton Malkiel: “All index funds are not created equal. Some have unconscionably high expenses.”

Keep an eye on—but don’t obsess over—mutual fund fees and expenses.

Even committed indexers should use actively managed funds to buy municipal and high-yield bonds and value stocks.

Yield is nice, but total return is the metric that matters.

Gold is overrated as an inflation hedge—historically, its price moves are unrelated to inflation.

For inflation protection, buy floating-rate corporate bonds.

Don’t let the mood swings of Mr. Market coax you into speculating.

Read the rest of the tips on Forbes.

How to Become Wealthy

How to Get Rich and WealthyIf you want to become wealthy, you have to think like the wealthy think and do what the wealthy do.

These suggestions from will get you well on your way:

#1: Change the Way You Think About Money

The general population has a love / hate relationship with wealth. They resent those who have it, but spend their entire lives attempting to get it for themselves. The reason a vast majority of people never accumulate a substantial nest egg is because they don’t understand the nature of money or how it works.

Cash, like a person, is a living thing. When you wake up in the morning and go to work, you are selling a product – yourself (or more specifically, your labor). When you realize that every morning your assets wake up and have the same potential to work as you do, you unlock a powerful key in your life. Each dollar you save is like an employee. Over the course of time, the goal is to make your employees work hard, and eventually, they will make enough money to hire more workers (cash). When you have become truly successful, you no longer have to sell your own labor, but can live off of the labor of your assets.

#2: Develop an Understanding of the Power of Small Amounts

The biggest mistake most people make is that they think they have to start with an entire Napoleon-like army. They suffer from the “not enough” mentality; namely that if they aren’t making $1,000 or $5,000 investments at a time, they will never become rich. What these people don’t realize is that entire armies are built one soldier at a time; so too is their financial arsenal.

A friend of mine once knew a woman who worked as a dishwasher and made her purses out of used liquid detergent bottles. This woman invested and saved everything she had despite it never being more than a few dollars at a time. Now, her portfolio is worth millions upon millions of dollars, all of which was built upon small investments. I am not suggesting you become this frugal, but the lesson is still a valuable one. Do not despise the day of small beginnings!

#3: With Each Dollar You Save, You Are Buying Yourself Freedom

When you put it in these terms, you see how spending $20 here and $40 there can make a huge difference in the long run.

Read the full article on

365 Ways to Get Rich (Part 1)

Of course nearly everybody wants to get rich, but most people don’t know how to go about it.

Here are some tips from Forbes on multiple ways to get on the right path… and we’ll share more of them in future posts.

From the Forbes 2014 Investment Guide, wealth building tips to last  you through the year. (For more detailed advice, click on the link in each tip.)

Sir John Templeton: “Invest at the point of maximum pessimism.”

Don’t mistake a low P/E ratio for a value stock.

Benjamin Graham: “Patience is the fund investor’s single most powerful ally.”

Let your attorneys ride shotgun, but not in the driver’s seat.

Remember Enron; reduce your employer’s company stock in your 401(k).

Warren Buffett: “Rule No. 1 is never lose money. Rule No. 2 is never forget Rule No. 1!”

Fund a Roth IRA if you’re eligible; your money grows tax free for retirement, and in an emergency you can take your contribution back without penalty.

Barry Sternlicht: Pay attention to the big themes, because they are what will help you earn ten times your money.

Back a friend or relative’s startup with a convertible loan, so you share in the upside.

Use commodities as a hedge against inflation.

Raise the deductibles on your auto and home insurance.

Form family limited partnerships to transfer assets at a tax discount.

Beat death taxes in 20 states by making big gifts while you’re alive.

For simple federal tax-free wealth transfer, make $14,000 annual gifts to children and grandchildren. It won’t cut into your $5.25 million lifetime exemption from gift and estate taxes.

Get tax advice before settling a lawsuit.

Read Reminiscences of a Stock Operator by Edwin LeFèvre.

To keep peace with both relatives and the IRS, document all family loans.

Peter Lynch: “Never invest in any idea you can’t illustrate  with a crayon.”

View collecting as a hobby first and investment second; psychic returns can make up for a lower average return than in stocks.

Add a personal items floater to your homeowner’s insurance to cover collectibles.

Read the rest of the tips on Forbes.

18 Ways to Increase Your Wealth

Prosperity TipsIf you’re looking for ways to increase your wealth and prosperity, much of it is about mindset and habits. And often entrepreneurship is one of the keys.

Here are 18 tips for increasing your wealth and prosperity:

18 Prosperity Tips

1. Instead of focusing on trying to make money, put your time and energy into creating value for others. Remember that money is simply a medium for exchanging value. Stop focusing on the effect (receiving money), and start focusing on the cause (value creation).

2. Start a business as a way to share your passion, your talents, and your knowledge with the rest of the world. Ask yourself how you can express your talents in a way that benefits others.

3. Stop thinking of what you can “get” from others (how much money you can make), and start focusing on what you can give (how you can increase the amount of value that you give to others).

4. Do your work with love. Just as resentment poisons your work, doing your work with love adds more value to it. There’s a novel titled “Like Water For Chocolate” by Mexican novelist Laura Esquivel. The protagonist, Tita, is a woman who loves to cook. When she cooks, her emotions become infused into her cooking, affecting all those who eat it. Think of the work that you do in the same way, and make sure that you infuse it with love.

5. Look for ways to have a positive impact on society through your business.

6. During times of recession people cut back on the fluff and they become more sensitive to receiving genuine value. This means that if you sell fluff, you’ll do poorly in a recession. But if you’re providing genuine value you should do fine, even if the pundits are running around screaming that the sky is falling.

7. Stop looking for happiness outside of yourself—for example, stop thinking the following: “I’ll be happy when I have six months of expenses saved up in the bank, and when I can finally move out of this dingy apartment”. Instead, tap into the happiness that is already within you and let it flow from you through your work.

8. Be optimistic. Believe that something different from what has happened until now can happen.

9. Ask yourself the following question: When I imagine totally diving in and working hard to make more money, what thoughts pop into my mind that make me feel that I’m not going to succeed? These are your limiting beliefs; work on eliminating them.

10. Make a list of the reasons why you think that you’re not making as much money as you would like to be making. These are your excuses. Stop making excuses.

11. If you feel that you’re creating value, but you’re not making money, it’s because of one of two reasons:

a. Others don’t perceive what you’re offering as being valuable. They’re telling you, “That’s not good enough”, or “That’s not what we want.” You need to go back to the drawing board with that feedback and improve your offer.

b. You’re not doing a good job of delivering the value. For example, if you have a blog and you produce great content, but you have low traffic, you’re not doing a good job of delivering the value.

12. If people don’t want to buy what you’re selling—or they don’t want to buy it at the price that you’re selling it for—don’t take it personally. This is the marketplace responding to what you’re putting out there: it’s simply the laws of supply and demand playing out. Modify your offer accordingly.

Read the full story on Daring to Live Fully.

Happy Valentine’s Day… or Generosity Day


Valentine’s Day is about love. But what if it was about something bigger than you an a sweetheart? What if it was about being generous with everyone you meet?

This video shows why we should rebrand Valentine’s Day as Generosity Day, and create a Generosity Revolution:

Take the Generosity Day pledge!

We’re rebooting Valentine’s Day as Generosity Day: one day of sharing love with everyone, of being generous to everyone, to see how it feels and to practice saying “Yes.” Let’s make the day about love, action and human connection — because we can do better than smarmy greeting cards, overpriced roses, and stressed-out couples trying to create romantic meals on the fly.

Don’t Take Your Life For Granted

Sometimes we all get into ruts, and that’s normal. It’s nothing to beat yourself up over… life takes care of that for us.

But if you find yourself dwelling on what you don’t have, and taking everything for granted, then it’s probably time for a focus shift.

The happiest and most successful people in the world are grateful for what they have. They don’t focus on what’s wrong, they focus on what’s right.

Doesn’t mean being in denial about something that needs attention, but it’s about being happy with what you have instead of sad about what you think you don’t have. Everything is a matter of perspective, and what you choose to focus on is what you will find growing in your life.

So if you focus on lack, you’ll experience more lack. And if you focus on gratitude, you’ll experience more to be grateful for.

This video documentary is an amazing little reminder of this concept.

Called 365Grateful, it’s one woman’s journey out of depression into happiness through the power of gratitude.

Meet Hailey Bartholomew and her inspiring project: from hailey bartholomew on Vimeo.

365 Grateful is a film about uncovering what happens when ordinary people unlock the remarkable powers of gratitude.

This documentary was born out of a project created by Hailey – the ‘365 Grateful Project’. In early 2008, in an effort to fight depression, Hailey started a year long photographic project which involved taking one Polaroid photo a day of something she felt grateful for. Initially this was a chore but eventually it became a delight.

The discipline of having to look for the good things that happened every day changed her life in so many ways. Hailey found not only her marriage, spiritual life and health improved, but this project accidentally, wondrously spread and affected the lives of many others.

While doing her project Hailey posted it on Flickr. Gradually others began to do their own versions and over time 365 Grateful went viral.

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21 Things Prosperous People Know

RandyGageRandy Gage is not known for mincing words. He believes we all have a duty to be prosperous, and he’ll use tough love to tell you what’s wrong with you. Or rather, what you can improve.

Case in point: One of his most popular books is called Why You’re Dumb, Sick and Broke (and How to Get Smart, Healthy and Rich).

So I listen when he talks about how to be more prosperous. And unless you make more than him, you probably should too.

After all, he’s all about congruency.

The only thing on this list I don’t totally agree with is I don’t believe anybody is completely “negative”… and I also believe that negativity is largely a matter of perception. But I get what he’s saying: he’s talking about the people who whine, complain, and try to bring you down. You can choose not to be around that type of behavior.

So here is his latest list about what you should know if you want to become more prosperous:

The 21 Things Every Prosperous Person Should Know…

1) Money at its very essence is energy – and all energy can be attracted or repelled.

2) Money doesn’t buy happiness.  But poverty doesn’t either.

3) Michael J Fox is back on TV.

4) Bills are simply invoices for blessings you’ve already received.  Treat them accordingly.

5) Jonny Lang has a new album out.

6) Prosperity is created by solving problems or adding value.

7) You must be willing to let go of who you have been, to become who you are meant to be.

8) You don’t really have a money shortage, only an idea shortage.

9) The only free cheese is in the mousetrap.

10) Larry Winget has a new book out.  There’s a good chance you’ll hate it.  Which is why you need to read it.

11) When you get negative people out of your life, the negative things in your life happen a lot less frequently.

Get the other 10 things on

Control Your Own Success

One of my favorite personal development teachers is Jack Canfield, who appeared in The Secret and co-created the wildly successful Chicken Soup for the Soul book series.


I’ve had the pleasure of interviewing Jack, and I know many people who call him a friend. One of my favorite formulas of his is one that I use and quote on a regular basis.

It’s a solid reminder that while we can’t control what happens outside of ourselves, we can certainly control how we respond to it… and that one simple decision affects the results we get.

Here it is in Jack’s own words:

What prevents you from achieving the success you want?

Is it a lack of money, free time, or opportunities at work? Have you not achieved your goals because of the economy, what your business colleagues have done (or not done), or the lack of motivation among your employees? Perhaps you place the blame on how you were raised or on your family for not giving you the proper amount and type of support.

If you responded to my question with a laundry list of reasons why you aren’t where you want to be, you’re not alone. Most people automatically find excuses and blame others when things don’t work out the way they want. This seems to be particularly true in the United States, where many people buy into the myth that we are entitled to success and happiness – that someone else should be giving us what we want.

However, if unlimited success is your goal, looking outside of yourself is a strategic error. The most important lesson you must understand that you are 100 percent responsible for your life – the good and the bad.

The formula I like to use to explain this concept is:

E + R = O (Events + Responses = Outcome)

The basic idea is that every outcome you experience in life (whether it’s success or failure, wealth or poverty, wellness or illness, intimacy or estrangement, joy or frustration) is the result of how you have responded to an earlier event in your life. Likewise, if you want to change the results you get in the future, you must change how you respond to events in your life … starting today.

What Most People Do

When people don’t like the outcomes they are experiencing, most choose to blame the event (E) for their lack of results (O).

In other words, you can blame the economy, the weather, the lack of money, lack of education, racism, gender bias, the current administration in Washington, your wife or husband, your boss’s attitude, the lack of support, and so on. If you’re a golfer, you’ve probably even blamed your clubs or the course you’ve played on – but never yourself. This is what most people do.

It’s true that these factors exist and that they impact you. However, if they were the deciding factor in whether someone succeeded or not, nobody would ever succeed. For every reason it’s not possible, there are hundreds of people who have faced the same circumstances and succeeded.

The deciding factor in success is not the external conditions and circumstances. It’s how you choose to respond (R).

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