Tag Archives: wealth

10 Habits of the Prosperous

book_dbhWhat do the prosperous do that most people don’t? What are the beliefs and habits of the prosperous that allow them to accumulate wealth?

The following is an excerpt from the book DoesYour Bag Have Holes by Cameron C. Taylor.

1.  Clear Monitored Financial Goals — Charles Coonradt, author of The Game of Work wrote, “If you put one hundred people in a room and ask them how many would like to be financially independent, all the hands will go up. If you then ask them how many have a personal financial statement detailing assets, liabilities, and net worth that is current in the last ninety days . . . ninety of those hundred people will not raise their hands. If you ask those remaining ten people how many have that financial statement laid out in a pro forma goals format for one, three, five, ten and twenty year periods, nine of the people will sit down. The one still standing will be a millionaire”

2.  Delay Gratification — The prosperous have learned to resist the temptation to lose what matters most long-term for the short-term pleasure of something now.

3.  Value Financial Independence — The prosperous enjoy the security and independence of owning their possessions more than social praise and status.

4.  Live Below Income — For every $10 the prosperous make they spend $7. For every $10 dollars the poor make, they spend $13.

5.  Save Money for Tomorrow — Many spend tomorrow’s resources for today’s pleasures. The financially independent save and invest today’s money for tomorrow.

6.  Earn Interest — Interest is a very powerful tool that either builds or diminishes wealth. Those who understand interest earn it and those who don’t understand interest pay it.

7.  Pay Themselves First — You can become financially independent simply by paying 10 percent of your income to savings and investments first, and then living on the rest.

8.  Buy Wholesale — You can greatly decrease your expenses by learning how to buy items at wholesale and by always asking for a discount.

9.  Create Gold-Laying Goose — The prosperous create a gold-egg-laying goose (assets with passive income) and then live on the eggs. Those who have reached the ranks of prosperity have learned that money is of a prolific generating nature.

10. Master of Money — A 17th Century Proverb states, “If money be not thy servant, it will be thy master.” The prosperous have their money work for them, while the poor work for money.

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Cameron C. Taylor is a best-selling author, highly sought after speaker, and entrepreneur. Cameron is the author of the books Preserve, Protect, and Defend, Does Your Bag Have Holes? 24 Truths That Lead to Financial and Spiritual Freedom, 8 Attributes of Great Achievers, and Twelve Paradoxes of the Gospel. Cameron graduated with honors from business school and is the founder of several successful companies and charities. He is a founder of The Glorious Cause of America Institute and serves on its board of directors. Cameron is a recipient of the Circle of Honor Award for being an “exceptional example of honor, integrity, and commitment.” He lives in Idaho with his wife and children. Cameron is a gifted teacher who has been invited to speak at hundreds of meetings with excellent reviews.

Cameron’s books and lectures have been endorsed by Ken Blanchard, co-author of The One Minute Manager, Dr. Stephen R. Covey, author of The Seven Habits of Highly Effective People, Billionaire Jon Huntsman, Sr., Rich DeVos, owner of the Orlando Magic, William Danko, PhD, co-author of The Millionaire Next Door, and many others.

You Wanna Be a Rockstar?

Continuing in our series of financially inspirational music videos — see If I Had a Million Dollars by the Barenaked Ladies and All Star by Smash Mouth — we bring you another Canadian band, like the former, singing about being a rockstar, like the latter.

Rockstar by Nickelback has been used at countless wealth-building seminars and in videos promoting the life of luxury. The video features a lot of actual stars, and it’s mostly just fun tongue-in-cheek stuff. In fact, much of the song is pretty silly.

But if you can really feel the possibility of experiencing some of the things in the video, it’s a good way to get prepped for making it happen.

I want a brand new house on an episode of Cribs
And a bathroom I can play baseball in
And a king size tub, Big enough for ten plus me
(Yeah, so what you need?)

I need a credit card that’s got no limit
And a big black jet with a bedroom in it
Gonna join the mile high club, At thirty-seven thousand feet
(Been there, done that)

I want a new tour bus full of old guitars
My own star on Hollywood Boulevard
Somewhere between Cher And James Dean is fine for me
(So how you gonna do it?)

I’m gonna trade this life For fortune and fame
I’d even cut my hair And change my name

‘Cause we all just wanna be big rockstars
And live in hilltop houses, drivin’ fifteen cars

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.

Six Killer Apps of Prosperity

Why has such a disproportionate amount of wealth and prosperity been created in the Western world? Well, historian Niall Ferguson has studied the phenomenon and thinks he knows the answer, which he explains in this TEDTalk in Edinburgh, Scotland:

Over the past few centuries, Western cultures have been very good at creating general prosperity for themselves. Historian Niall Ferguson asks: Why the West, and less so the rest? He suggests half a dozen big ideas from Western culture — call them the 6 killer apps — that promote wealth, stability and innovation. And in this new century, he says, these apps are all shareable.

TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world’s leading thinkers and doers give the talk of their lives in 18 minutes. Featured speakers have included Al Gore on climate change, Philippe Starck on design, Jill Bolte Taylor on observing her own stroke, Nicholas Negroponte on One Laptop per Child, Jane Goodall on chimpanzees, Bill Gates on malaria and mosquitoes, Pattie Maes on the “Sixth Sense” wearable tech, and “Lost” producer JJ Abrams on the allure of mystery. TED stands for Technology, Entertainment, Design, and TEDTalks cover these topics as well as science, business, development and the arts.

The six “killer apps” he outlines are competition, the scientific revolution, property rights, modern medicine, the consumer society, and the work ethic. What do you think? Leave your comments and thoughts below…

How Sacred Economics might Turn the World Around

So what exactly is money?

“Money is an agreement. It doesn’t have value all by itself. It has value because people agree that it has value,” says Charles Eisenstein, author of Sacred Economics.

“Scarcity is built into the money system. On a most obvious level, it’s because of the way money is created,” Eisentstein explains. “Money comes along with a corresponding amount of debt. And the debt, because there’s interest on it, is always greater than the amount of money.”

And yet, he also points out that growth is built into the money system, because it’s those who create value for others that essentially create more wealth.

His solution to turning around the economy involves gratitude… which is often the answer to many of life’s biggest problems and challenges.

Watch and discover his perspective in this short film:

Learn more about the filmmaker, Ian MacKenzie, at IanMack.com.

And you can download Eisenstein’s book, Sacred Economics, for free at Sacred-Economics.com.

Focus on Abundance and Prosperity

moneyAs Lisa Nichols pointed out in the movie The Secret (the second version, when she replaced Esther Hicks in a re-edit):

“When you focus on lack and scarcity and what you don’t have, you fuss about it with your family, you discuss it with your friends, you tell your children that you don’t have enough — ‘We don’t have enough for that, we can’t afford that’ — then you’ll never be able to afford it, because you begin to attract more of what you don’t have. If you want abundance, if you want prosperity, then focus on abundance. Focus on prosperity.”

The point is, what you focus on is what becomes a bigger part of your reality — whether it’s poverty or prosperity, lack or abundance.

Sound woo-woo? Well, sometimes it’s presented that way, but it really isn’t.

If you’d rather think of this in more concrete terms, remember the last time you really wanted something. Maybe it was a certain make of car… and then all of a sudden you would see it everywhere. It wasn’t that the car manufacturer suddenly started making more, or just happened to sell more in your area. It was simply that you were focused on that make of car because you wanted one, and therefore you noticed it more.

As a result, you would also pay more attention to sales or deals that would allow you to get that car faster and more easily.

Now here’s the catch: it’s all about your emotions as you think about this thing.

So if you’re focused on the car but it makes you sad, angry or frustrated because all you can think about is how expensive it is and how you’ll never be able to get one, then you probably won’t — just like Nichols said. But if you feel excited and joyful about the prospect of owning it one day, then sooner or later you probably will.

Feeling grateful for what you have and what you someday will have is a good way to keep your emotions on track.

Another good trick is, when you find yourself thinking “I’ll never have…” shift it to “Someday I could have…” And since you’re using the word “could,” there’s very little for your subconscious mind to argue with there.

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 TimLumsden.com.

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 RandyGage.com.

Are You Still Trying to Reach Your Goals

I was just just talking to my friend about the goals we had for this year and the wealth we are building.

After a while on the phone, she admitted that sometimes she felt like she was so far off track that she didn’t know if she would ever make her dreams come true.

Hey, we all have moments of doubt. Even if you are starting to get everything you always knew was possible, you still need to occasionally step back and look at things from a different point of view.

I recommended James Ray New Book

Take a look at the special launch offer today.

This may be exactly the one thing you need right now to break through and achieve what you have always known is possible.

A Note From Marketing Legend Jay Abraham About Your Prosperity

jay_abraham.jpg

The secret to building your business big and more profitable and doing it quickly in 2008 boils down to ONE main thing…

** * Building Powerful Relationships * * *

I’m talking about building relationships with people who have the power to move mountains with just one phone call.

I have a friend that has a system that he uses to build relationships with and do business with self made billionaires and multimillionaire entrepreneurs.

He has been able to build relationships with the likes of Billionaire Business Coach Bill Bartmann, Mark Victor Hansen from Chicken Soup for the Soul, Harv Eker, Alex Mandossian and Stephen Pierce
just to name a few.

There is NO ONE more qualified to speak about this subject than my friend Larry Benet. I was able to get some of Larry’s time to speak with you via a webinar this Thursday at 9 pm EST – 6 pm PST

Reserve your Webinar seat now by clicking here

ON A PERSONAL NOTE…

It’s been my FIRST HAND EXPERIENCE that Larry not only knows, but walks the talk.

IF you believe in life it’s not what you know, it’s who you know and who knows you…” then you should spend a few minutes with my friend Larry Benet The Connector.

Join Larry Benet this Thursday at 9pm EST Larry will share with you

* The one skill that will help you double your income and double your time off in 2008

* How to do joint ventures with the biggest names in your industry

* How to dramatically increase the amount of referrals you get and put the process on autopilot

* How to work smarter – not harder – with tremendous results To Reserve your Webinar seat and Receive you call in details

Connect with the connector here