Before you partner with someone, find out about their history. Talk to people who have worked with them before in the past. Has the person ever cheated before? Has the person ever lied before? And the moment the person has lied or cheated before; never ever work with that person. I’ve got friends who have [...]
Well it’s time to study the expense column very closely and identify where you can cut your expenses. You will be surprised to know that we can easily do without between 20-30% of our monthly expenses. 1) Study Your Monthly Expenses “Dispensable expenses” are stuff we buy on impulse to get a ten-minute gratification, and [...]
How do you achieve excellence in any area within a short period of time? The key is through modeling. Modeling is the technique of finding role models who are the best in their field and then studying and distilling the mental models and strategies that make them the best in what they do. By learning [...]
So with all these money multiplication strategies, where should you put your hard earned savings? How should you allocate your funds to generate maximum gains yet minimize your risks? I am sure you have heard of the term ‘don’t put all your eggs in one basket.’ Even though you are going to learn how to [...]
The first step to take to increase your savings is to start reducing your expenses. So what is the first expense you must reduce and eventually eliminate? It is the interest expense you pay on consumer debt. While taking on a reasonable amount of consumer debt is necessary for you to afford a car and [...]
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. [...]
If you think about, many people will make over a million dollars in their lifetime! If you were to earn an average income of $3,000 a month ($36,000 a year) over 40 years (age 25-65), then you would have a total of $1.44 million ($36,000 x 40 years) flow through your hands. If you were [...]