Category Archives: success

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…

Beware personal finance gurus pitching products.

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

Warren Buffett: “Diversification is protection against ignorance.”

Like Captain Kirk, have advisors from different planets.

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

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

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

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

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

Add commercial real estate to your portfolio.

Wait for inflation to rise before buying TIPS.

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.”

Before remarriage, discuss estate plans.

Track gambling losses to offset taxable gambling winnings.

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

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

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

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

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

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.

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…

Defy conventional wisdom and increase your stock allocation after retirement.

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

Don’t abdicate investment decisions to your spouse.

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

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

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

Invest to meet goals, not to beat indexes.

Clarify your own objectives by writing an Investment Policy Statement.

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

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

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

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

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

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

Never take on a mortgage just for the tax deduction.

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

Buy an index fund weighted to fundamentals.

Remain anonymous after winning the Powerball jackpot.

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

Read the rest of the tips on Forbes.

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.

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.

Increase Prosperity Through Hypnosis

Many people recommend affirmations for changing your life around. The problem is that you say affirmations on a conscious level, and if the words you say don’t resonate with your subconscious, you’re in for an internal war… and possibly the opposite effect of what you wanted.

So why not go straight to the subconscious level? Great idea.

This dual-track brainwave hypnosis audio must be used with stereo headphones. The suggestions in it are printed below, and they’re very good — the wording is such that both your conscious and subconscious minds are very likely to accept them as truth. That’s because they’re primarily based on progression rather than an absolute truth that you might not believe.

Even better, since it’s giving you different messages in each ear at the same time, you don’t really get a chance to second-guess it. Just relax and take it in.

Here are the suggestions in the audio — which deal with prosperity in all areas of your life — provided by

You know you can use your inner skills, to create massive amounts of wealth and abundance.

The skills you already have, can easily be used, to generate massive amounts of insight and wealth.

You know that listening to our voices can help you achieve the abundance that you deserve.

You have felt the idea that simply by virtue of your birth, you can easily claim a life of abundance, prosperity, and wealth.

Your skills are better, for getting those results that are important to you.

Would you rather build a life of abundance, or simply attract massive amounts of prosperity.

You might begin to realize, that within you, is the powerful seed, for expression of your own power.

How many ways can you imagine, your abundant future is growing.

Most people, like you, know you can achieve, extraordinary levels of wealth and abundance. You do realize your inherent gifts, don’t you?

After you begin to achieve your massive levels of abundance, you can easily become incredibly powerful and successful.

As you listen to these voices, and pay attention to the other sounds, you can start to realize just how easy it is, to claim your abundance.

Because you’re listening now, to our voices, you are getting more and more prosperous with every breath.

You’ll be amazed, when you discover, now, how easy it is, to achieve massive abundance and prosperity.

Listening to swirling voices, easily leads, to new ideas, about your truth, is growing, now.

When you understand success, you can naturally begin to expand awareness, in those ways, that’s right, for you.

You can use those skills inside, to begin to realize, just how much more, you can accomplish.

The more you listen, to your ideas, the easier it will be, to understand, just what to do next.

Are you ready, for a life of prosperity and abundance?

You don’t need to realize, now, how full your life is becoming, as you start to become aware of just how powerful you are becoming.

Rest your thoughts, on your growing prosperity.

Growing ideas and thoughts, can easily lead to understanding concepts, about you.

It’s easy to realize, now, how much abundance you already have, out in the future.

Listening to these voices, naturally causes you to become even more aware of the gifts within.

Success is you, becoming more aware, of how easy it is to accomplish your dreams.

You are abundance.

You are wealth.

You are prosperity.

You are expansion.

You are creativity.

You are attractive.

You attract opportunities.

You attract wealth.

You attract abundance.

You attract prosperity.

You attract love.

You attract kindness.

You attract exchange.

You attract beneficial relationships.

You attract money.

You attract income.

You attract currency.

Your bank account is growing.

Your income is growing.

Your wealth is growing.

I am abundance.

I am wealth.

I am prosperity.

I am expansion.

I am creativity.

I am attractive.

I attract opportunities.

I attract wealth.

I attract abundance.

I attract prosperity.

I attract love.

I attract kindness.

I attract exchange.

I attract beneficial relationships.

I attract money.

I attract income.

I attract currency.

My bank account is growing.

My income is growing.

My wealth is growing.

How to Shift to Prosperity Thinking

millionaire-mindsetPeople talk about the law of attraction a lot, mainly because it was featured in the movie The Secret. Before that, it really was… well, kind of a secret among the mainstream population.

But it’s not the only law at play when it comes to prosperity thinking, points out Sheryl Wolowyk, the Income Acceleration Coach. Wolowyk is a business advisor, entrepreneurial strategist, consultant, speaker, seminar leader and business coach who specializes in marketing and lead generation.

She talks about Wallace Wattles, author of The Science of Getting Rich, which greatly influenced The Secret:

The foundation of the law of attraction is as such: “There is thinking stuff from which all things are made. A thought in this substance produces the thing that is imagined by the thought. A person can impress his thought upon formless substance and cause the thing he thinks about to be created.”

In a nutshell, there is an abundance of wealth in the world, and we just have to visualize what we want, truly believe it is attainable, and start taking actions to receive it.

If it doesn’t exist already, it will come into existence by your thoughts, your belief in it, and your actions. Now it doesn’t just happen by thinking it. You’ll notice I mentioned taking action. The key is to take a lot of action, moving you forward and bringing about what you believed you could achieve. As a business coach, I’m all about taking action, but to often I see my clients holding themselves back because of their self-limiting beliefs.

When you create a powerful vision for where you want to go, truly believe you can get there, and take action, it’s amazing what you can do. Kind of empowering, isn’t it?

The real beauty of this mindset is in the next law that Wallace introduces: “A person must pass from the competitive to the creative mind.”

Read the full story on

Create Your Own Synchronicity?

In my opinion, there are no such things as coincidences. Your attention is drawn to things that are important to you because what you focus on expands. People call it a “coincidence” like it’s completely random, but I don’t believe it is.

Things happen for a reason, and even if that reason is simply that you’re focusing on something, it’s still a reason (but I think it’s deeper than that). So to me, synchronicity is a better word. It doesn’t imply a disconnect the same way the word “coincidence” does.

Nonetheless, most people use the words interchangeably, so let’s not quibble about semantics. Instead, let’s focus on what matters… can you create your own synchronicity and use this phenomenon to your advantage?

The psychoanalyst Carl Jung was the first to talk about synchronicity. He used the term to describe those times when the unlikeliest things happen together. Not just at the same time, but exactly the right time we need them to. And it’s no coincidence that Einstein and Jung both believed in synchronicity. It was an idea they both discussed with each other. No doubt it played some part in helping Einstein develop his own theory of relativity.

By studying the make up of atoms, in the early 1900’s, Einstein and his buddy Max Planck began to challenge the way that science had been viewing reality for the past 3 centuries. Their views birthed a branch of physics called quantum physics.

Before these 2 paradigm-shifting thinkers shook things up, Newtonian Science ruled the day. Originating with the publication of Sir Isaac Newton’s book, Philosophiæ Naturalis Principia Mathematica in 1687, scientists thought that atoms consisted of a solid nucleus (a dense centre) with a bunch of electrons orbiting around it. In other words, they were solid structures. However, when atoms were looked at in more detail, it was discovered that they are actually made up 99.99999% space and are mostly energy buzzing around. In fact, in the modern model of atoms, the electrons no longer look like mini-planets orbiting around the nucleus, but are seen as a cloud of fuzzy energy. These bundles of energy whiz around and constantly shift back and forth between a wave-form (energy) and aparticle (matter).

Now comes the weird bit! Some quantum physcisists claim that it depends on the observer and what he/she is expecting to see. This is what is known in quantum science as the observer effect. Not all science is in agreement, but this is hotly debated amongst the big minds.

Interestingly enough, a recent study in the February 26 issue of Nature (Vol. 391, pp. 871-874), supports this view. Researchers at the Weizmann Institute of Science have now conducted a highly controlled experiment demonstrating how a beam of electrons was affected by the act of being observed. In this experiment is was revealed that the larger the amount of watching, the greater the observer’s influenced the experiment and the beam.

This can certainly change our view on what we consider to be a coincidence or synchronicity. One might be tempted to ask the question:

“If my thoughts and expectations can effect the activity of an atom, and atoms make up the matter I see in my physical reality … then can my thoughts and intentions affect my physical reality?”

In other words, can you create your own COOL COINCIDENCES?

Find out and read the full story on Huffington Post.

5 Steps to a Prosperity Mindset

17201_152061608296343_1958077930_nThe truth is, you can’t accomplish much without the right mindset. Your roots produce your fruits.

So when it comes to being more prosperous, in any area of life, the first question to ask yourself is how you can shift your mindset from poverty to prosperity.

Life coach and Master NLP practitioner Tim Lumsden has come up with 5 Easy Steps to do just that:

If you don’t already have a prosperity mindset, it might be a hard thing to imagine. It’s a way of approaching your life so that you consciously and subconsciously work to improve all aspects of your life health, wealth, love, and everything else you desire. You can create this critical change in your mindset in these five steps.

1. Study the Actions of Successful People.  Perhaps this is the most important suggestion. Learn by example. Find someone successful whom you admire and do what they do. These individuals serve as proof that your dreams can come true.  Find someone who has had the same kind of success that you desire.  Study what they’ve done right as well as their mistakes. It’s always easier when we have an example to follow. Find a way to ask successful people questions. You might be surprised to know that successful people love to inspire others to find success as well. They know that there’s plenty of success to go around. That’s the prosperity mindset in action!

2. Develop a Positive Self-Image.  If you believe in yourself, you can achieve your dreams. The moment you think you can’t do something, you can’t. You know that negative feelings arise from time to time and that’s okay. However, you need to keep a positive image of the big picture in your mind at all times.  Picture yourself reaching your goals and imagine how it feels.  Surround yourself with positive people.  Write prosperity affirmations.  Be an open person.  When you open up to new opportunities, you open up to prosperity. Stay motivated and don’t be afraid of change.

3. Setting Your Goals and Action Plans.  You can dream all day about where you’d like your life to go, but without a goal or an action plan nothing will happen. Take time to think about the big picture and then draw in the details of how you’re going to get there.  Break down your goals into smaller steps.  Set manageable and achievable goals.  Stick to your plan whenever possible.

Get the final two steps on