You have to understand why you’re deciding to spend money on something today, which you’ll need to work for years to pay off in the future. You have to understand those decisions, especially when the item you’re purchasing is beyond your means and becomes a depreciating
When we allow debt to run our lives, it doesn’t matter how much income we can generate. It doesn’t matter because the debt can merely cancel out the income. Without understanding why we do the things we do, we can never truly tackle our debt. If we do tackle it temporarily, it will only be racked back up again at a later date because the true emotions and feelings weren’t dealt with in By dealing with the psychological aspects of debt, you can help to eliminate it once and for all. Make the decision to understand your emotions, and retrace your thoughts, and you will feel remarkably better. You’ll realize that it’s not as bad as it seems because knowledge is power. Once you have the knowledge, you have the power to fix your situation. This is an important part of understanding your psyche, because when you can understand the inner wrangling and shed light on it, you can work to fix the problem. Remember, fear and anxiety are the body’s warning signals. It’s trying to warn you that something is wrong, so you have to go digging. Don’t just sit there and allow yourself to feel uneasy. Try to understand what’s truly bothering you. Try to unearth those thoughts and trace them back to their origins. This can be difficult, but it’s not impossible. Pay very close acute attention to your emotions and your thoughts. A clear understanding of why you make the decisions that you make when it comes to money and spending, is critical for achieving success. So, if you’re serious about succeeding financially, the first thing you need to do is create a lay of the land so to speak. You have to outline your present debt and income situation. How much debt do you really have? What are your total monthly expenses? How much are your interest rates for each of your revolving lines of credit? You have to take a close and detailed look at these. You can’t choose to ignore them any further if you’re serious about succeeding with the millionaire method. If you’re serious about achieving your financial goals, you have to first take an honest look at your present financial situation, and go from there. Your debt and your exact monthly expenses are not things that you can guestimate. If you don’t have the exact numbers, overestimate, but you have to start somewhere. You have to start by outlining your present situation, no matter how bad it may be. You have to look at your financial picture from a very honest perspective, and spell it out for yourself. Lay it all out in front of you. How bad is it? If it’s really that bad, then you really do need to do this. You need to shock yourself into realizing just how bad you’ve allowed things to get, because if you don’t do this then you’ll continue along on the same path, and things will only get worse. The Millionaire Method - How to get out of Debt and Earn Financial Freedom by Understanding the Psychology of the Millionaire Mind (Inspirational Books Series) by R.L. Adams He left me where he found me: the balcony of my mother’s apartment with the smell of adobo wafting in from the windows above, my sneakered feet dangling off the edge. His cape fluttered in the breeze and disappeared over the apartment building across the street, its jagged hem just barely missing a satellite dish. Read more from the superhero breakup What is a professional, anyway? A professional is someone who can keep working at a high level of effort and ethics, no matter what is going on—for good or ill—around him or inside him. A professional shows up every day. A professional plays hurt. A professional takes neither success nor failure personally. In the end, for me, it comes down to the work itself. A pro gets younger and more innocent as he or she ascends through the levels. It’s a paradox.
You have to keep the sense of wonder. You have to or you can’t keep going. Any other motivation will burn you out. You develop a practice, and the practice gets simpler and less self-oriented over time. We rise through the levels of professionalism by a process of surrender. We surrender to our gift, whatever that may be. Manage Your Day-to-Day: Build Your Routine, Find Your Focus, and Sharpen Your Creative Mind (The 99U Book Series) by Jocelyn K. Glei When picking a goal early on, you’re drawing a line in the sand — not carving it in stone.8/12/2013
When picking a goal early on, you’re drawing a line in the sand — not carving it in stone.
You’re chasing a moving target, because you really don’t know how to define success. Adjusting your goals and how you define your key metrics is acceptable, provided that you’re being honest with yourself, recognizing the change this means for your business, and not just lowering expectations so that you can keep going in spite of the evidence. Lean Analytics: Use Data to Build a Better Startup Faster (Lean Series) by Alistair Croll, Benjamin Yoskovitz TEN KEYS TO SELLING by James Altucher ( Choose Yourself!):
Choose Yourself! by James Altucher You must shift your mentality from one that’s expecting instant gratification, to one that’s patiently awaiting deferred gratification. Eventually it will come.
When you look at a person who chain smokes cigarettes, overspends, overeats, or indulges in drugs or alcohol, you may ask yourself why they do it. You may ask yourself why they make those decisions when clearly they are going to lead to more pain than pleasure. Since we do more to avoid pain than we do to gain pleasure, the decision-making process can seem skewed. An alcoholic may not understand why they overdrink, or why the person in financial ruins continues to overspend. It’s because their decision-making processes are only limited to short-term causes and effects. They are doing more to avoid pain than gain pleasure in the short term, not in the long term. If they were doing more to avoid pain in the long term, then they wouldn’t engage in excessive behavior. In order to master your financial life and start on the road to wealth building, you must first master your psychic apparatus. The difficulty is however, that most of this self-talk which occurs in your mind, is purely subconscious. The id is a purely subconscious construct, and both the ego and superego live in both the conscious and subconscious realms of your mind. So in order to be able to recognize the self-talk that’s going on, and to take control of it, you must learn to build awareness. You build awareness by paying attention to your emotions, because your emotions are the gateway to your thoughts. Learning to recognize and understand those emotions is the key. Even if you’re facing a scary situation, you must realize that many people in the past have faced the same or similar situation, and have overcome it. Many people in the future will also face that same or similar situation. Fear-based thoughts won’t serve you, and in fact, it will just foster more physiological problems. The stress, fear, and anxiety wreak havoc on your body. Try to look at your situation from a bird’s-eye view. Think back to other times in your life when you were in a bad situation, but you were able to pull yourself out of it. The strong emotions that take hold of your body are only the result of the ego blinding you to the truth. When you can look at the truth, and see it for what it is, then take steps towards fixing it, you’ll feel remarkably better. However, if you continue to feel the emotions, yet don’t do anything about it, then it will only get worse. The Millionaire Method: How to get out of Debt and Earn Financial Freedom by Understanding the Psychology of the Millionaire Mind by R.L. Adams I would say that if you still want to open your own business, first treat your life like a business.8/6/2013
I would say that if you still want to open your own business, first treat your life like a business. Look at everything that goes out the door monthly, and everything that comes in. Scrutinize it with detail and cut costs where necessary. Every successful business knows that it must turn a profit every month if it wants to stay solvent, and individuals should think the same way. Their lives should be looked at like balance sheets and the necessary changes and budgeting must be made in order to create long-term success.”
“Aside from the few points I’ve made, I would say that the most important factors to succeeding in business are to stay humble and constantly analyze. “I would also say that, in business, and in life, one of the most important secrets to my success would be to always make more money than I spend, and invest it. Over time, that money compounds on itself. Over time, whatever you invest in begins to accumulate. It begins to accumulate and snowball, building an enormous amount of momentum. But, if you spend more than you make, you can never get ahead. “My mistakes? Well, my mistakes were plentiful. But, if I were to think about the biggest mistakes I made, they would have to be when it came to taxes. I didn’t have a complete handle on my tax situation from the get go. I learned the hard way and I paid the price, but it was early on. If I were to go back and do it all over, I would have sought sound tax planning from the beginning. I would have made sure I carefully concocted a legal and tax structure that would have been most suitable for my business. Although it was a small price to pay, the lesson was an important one. That lesson taught me that small investments in sound advice early on, could make or break you. Always seek sound advice at the earliest stages. The little amount of money you’ll pay will reap huge benefits later down the road.” In today’s society, most of us have come to expect instant gratification and immediate expectation of results. We want things, and we want them now, no matter what it is, whether we’re talking about weight loss, more money, real-time news, high-speed Internet, or just about anything else. When we want to earn more money, we want it to happen quickly and effortlessly, without having to spend years and years planning and working towards its attainment. ”I would say that to truly succeed in life you must provide something of great value to others. Not only must it be of great value, but also the value of any good or service you provide must far exceed the cost you’re charging for it. To succeed you must always provide great value that’s inherent, and not just perceived. If you can’t understand your psychology and why you do the things that you do, it’s impossible to fix it. The Millionaire Method - How to get out of Debt and Earn Financial Freedom by Understanding the Psychology of the Millionaire Mind (Inspirational Books Series) by R.L. Adams I once heard a Nobel Prize-winning scientist talk about randomness, and something he said has stuck with me: What is randomness? he asked. The chances of something specifically happening at a certain time and place are astronomical, and yet every second of every day is filled with these unlikely events. You drop a dime on the floor. It rolls in a spiral, then twirls to a standstill. What are the odds that could happen exactly the same way again? Millions, maybe trillions, to one. And yet it happened as naturally as if there were no odds against it. Every event in our lives happens as if there were no odds against it. The scientist argued that randomness does not exist. We have operational definitions, he asserted, definitions that work for a certain series of circumstances and conditions, but we don’t have an absolute definition that works in all cases.
20 Master Plots: And How to Build Them by Ronald B Tobias Start Before You’re Ready Don’t prepare. Begin.
“Whatever you can do or dream you can, begin it. Boldness has genius, power and magic in it.” Begin it now. A Research Diet Before we begin, you wanna do research? Uh-unh. I’m putting you on a diet. You’re allowed to read three books on your subject. No more. No underlining, no highlighting, no thinking or talking about the documents later. Let the ideas percolate. Let the unconscious do its work. Research can become Resistance. We want to work, not prepare to work. Some years ago I had lunch at Joe Allen’s in Manhattan with my mentor (though he would cringe at that word), the writer and documentary maker Norm Stahl. He was making some notes on a pad of yellow, legal-size foolscap paper. He told me something that has saved my bacon more times than I can count: Steve, God made a single sheet of yellow foolscap exactly the right length to hold the outline of an entire novel. What did Norm mean by that? He meant don’t overthink. Don’t overprepare. Don’t let research become Resistance. Don’t spend six months compiling a thousand-page tome detailing the emotional matrix and family history of every character in your book. Outline it fast. Now. On instinct. Discipline yourself to boil down your story/new business/philanthropic enterprise to a single page. Do the Work by Steven Pressfield What did you do to make money after you went broke? –@ScottEPowers
I did several things: DOWNSIZED. I had to sell my house. I severely downsized. I went from a 4,500 square foot penthouse to a 1,400 square foot house 70 miles north and I cut my expenses by 75%. I HAD TO GET IN SHAPE. I worked out every day, I emotionally stopped dealing with people who were dragging me down, I made lists of ideas every day, and I either meditated or read from various spiritual or inspirational texts each day. I knew it was going to be a tough battle to climb back up so I did everything I could to prepare. IMMEDIATELY STARTED WRITING ABOUT FINANCE TO GENERATE INCOME. Within a few months I had a book deal and I was writing for TheStreet.com and The Financial Times. Back then it was still possible to make money by writing. I was also day-trading and doing well back then (2002-05). I don’t think day trading is practical now but it was then. I STARTED TRADING FOR HEDGE FUNDS then I started helping people sell their companies, then I started a fund of hedge funds. One day at the time, as the ideas I wrote began to flourish I got back into the game. I STARTED A COMPANY: STOCKPICKR.COM http://bit.ly/qV3Q5E which I sold to TheStreet.com. There was a six year period where nobody was paying my salary and I had to hustle for every dollar. But that proved to me that no matter how bad the economy gets, if you’re the one eyed man (the optimist) in the land of the blind (the pessimists) then you will find the ways to make money even if we are in a Depression. It might be your own creativity and flexibility that wants to get out and help you on your next idea. That creativity is a sleeping monster and it never gets smaller if you keep feeding it, nurturing it, loving it, taking care of it. Persistence in developing that creativity will make you better at execution, better at idea generation, and more optimistic (simply because over time you will be more confident that you can always awaken it). Creativity becomes your loving friend instead of your enemy. And optimism, creativity, and persistence are all close siblings that want to play together as much as possible. I also always made sure I delivered at least one extra feature that the company didn’t ask for. When you make other people make money, then you will make money. Then you repeat that and it’s a business. Faq Me by James Altucher |
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