Let me illustrate to you a very well known example of the power of goals. In 1952, there was a research study done on the impact of goal setting on the graduating batch of students at Yale University. When asked how many of them had clearly specified and written down goals, only three percent responded. The remaining ninety-seven percent, despite b

When you focus only on increasing your value per hour and the time you spend, your income increases in a linear fashion. There is a limit to how much you can earn a month, since there is a limit to the number of productive hours you can work. You are literally just selling your time for money. For example, even if you are a top lawyer who e

You see, making money is a game. If you learn the rules of this game, money will flow into your hands. If you do not play by the rules, you will struggle all your life financially despite working very hard. Haven't you ever asked yourself why some people earn five times, ten times or even twenty times more than others? Is it because they are twe

As an entrepreneur today, you must do a lot more than expected in order to run a successful business and create wealth! In the past, economies were a lot less competitive. In the past, when a business performed below customer's expectations, they would be struggling to break even. If a business met their customer's expectations, they would make

There are three different ways to earn residual income. Residual income is income that a person earns again and again for something they do once. They can earn it through a home business, investments or direct marketing. Each method will provide the chance to earn a great income without putting in a lot of hours. That is the beauty of resid

When investing in Real Estate, you may choose to buy and rent a property, or you may choose it flip it, buy and sell quickly. The safest way to invest is to buy wholesale properties that are in the sweet spot of the rental market i.e. they are not in the best or worst neighborhoods. The goal is to find an investment property with a good, or great p

Besides taking steps to increase your value, you must also increase the time you spend creating value to boost your income. If you are self-employed, then you are usually paid by the hour or by the job. So obviously, when you work longer hours and more days, your income will increase! Now you may be saying to me, 'I am already working 18 hou

Wealth habit number three is the habit of taking responsibility for your results and wealth! Unfortunately most people choose to adopt the victim's mindset of giving excuses, blaming and complaining. Remember when you give excuses to yourself (i.e. no time, no luck, no capital, no experience etc) or blame others for your lack of wealth, then yo

When I want to invest to accumulate wealth, I will diversify my investments so as reduce my risks. For example, if I were to invest in the shares of one company, I would face the risk of losing everything if the company went bust. But if I were to invest equally in the shares of 100 companies, my risk would be reduced to the loss of 1 percent of my

One investment strategy is value investing. Individuals who adopt this style of investment are called value investors. Value investors usually purchase companies whose share price could be underappreciated for some reason. Value investors search the marker for the undervalued companies. The reason a company is thought to be undervalued is becau

You have taken the bold step and left your $200 a week job at the fast food joint in your small hometown. You have courageously uprooted and left your hometown to enter big city life. You slide into a job that pays you $3000 a month. What has happened? Now, let me ask you this, do you want or need more money? Do you have enough? I never seem to

Those people who always exceed expectations are known as Value creators and they end up as the rich and wealthy of our society. If they are paid $3,000, they will work as if they are being paid $20,000. If they are expected to generate $10,000 worth of profits, they will create $30,000 worth of value! They are called value creators because

Before you can increase your primary source of income, you must first understand what determines a person's income. Why is it that one person is paid $3,000 a month while another person is paid $30,000 a month? Every time I ask this question to people, I get standard answers like, 'age, qualifications, experience, luck, title, special skills, s

Let me pose you this question. Between a pop star like Madonna and a heart surgeon, who creates greater value in a person's life? Of course it is the heart surgeon! The heart surgeon has the ability to save a person's life whereas Madonna can only make a person feel good for a couple of minutes. Why then is Madonna paid 100,000 times more t

You've all heard or read about the countless advertisements proclaiming "Easy Money" for anyone who wants it, haven't you? Everyone wants a way to get money in his or her pockets with little to no effort. It has become a natural tendency with many people to seek out easier ways to obtain the money rather than spending precious hours at some borin