Sunday, January 29, 2017

3 Keys to Becoming Wealthy
Written by Jim Rohn

Plan for tomorrow instead of just living for today.

A man I knew had an MBA from Harvard and an engineering degree from MIT. Smart guy. When he retired, he started doing what he liked best: teaching college courses in economics and business planning. But when he taught economics, he also taught personal economics. This is the philosophy that he started his classes with: 1. Decide how you want to live now, versus how long you want to work.

This means that if you spend everything you make now, you’ll have no choice but to work longer and harder. But if you start investing in your financial future now, you’ll have many choices. You can retire early, travel more, continue your career or start a new career later in life. Once again, it all comes down to choices. Think tomorrow today… and live better tomorrow.

Here’s the next thing to think of when you’re planning your future of wealth: 2. Be careful with your credit cards. Selling money is big business. You probably get invitations in the mail to sign up for a new credit card a couple of times a month! Having some credit cards is important. Especially if you travel. They’re safer and easier to track than cash.

But be careful; credit is the easiest way to get into debt. When you buy something with a little piece of plastic, you don’t feel the effect until you get the bill. So make sure that whatever you buy, you’re still happy with your purchase after you get the bill.

Here’s another point to remember in becoming financially independent: 3. It’s hard to get rich quickly. It’s easy to get rich slowly. It doesn’t happen overnight. With conservative investments, it takes a while. It takes discipline to keep adding value to your future, a little every month. It takes time to build your fortune and become wealthy.

There’s a saying about investing: “Time, not timing.” It takes time. If playing the stock market is what you do, then you know that timing is a whole different ball game. But for the average person, it’s time.

A study was done a while back that analyzed stock market investments. The study took two scenarios into consideration. In the first scenario, stocks were bought at the very worst possible time and sold at the very worst possible time. Bough high and sold low. And after 40 years, the average return was around 10 percent. Scenario one dealt with time.

In the second scenario, stocks were analyzed over a 10-year period. Stocks were purchased at the best possible time and sold at the best possible time. After 10 years, the average return was… about 10 percent. The second scenario dealt with timing. So timing might not be all it’s cracked up to be.

Be patient in building your financial independence. It will come small steps at a time. It’s hard to be patient sometimes, but it’s just like achieving your goals: It happens one step at a time.

What about those situations when patience has nothing to do with becoming wealthy? What about those trust-fund babies who are handed their financial independence on a silver platter? They never have to work a day in their lives, if that’s what they choose. Their first car is a Porsche. Their first house is a mansion. Their first job is at their father’s company. What about those people born rich?

Some guy says, “It isn’t fair that I’m working like crazy all day, all week, all month, all my life…. It just isn’t fair! I’ll never have that kind of money.” Well, some things aren’t fair. Inheriting money might not seem fair. But what does that have to do with you? Really?

If your dream is to have greater wealth than some people you know, then you’d better start working harder and smarter on your own goals, your own visions, and stop pondering what’s fair and what isn’t. Start examining what’s keeping you back instead of what’s keeping them ahead. Start looking at what you’re doing. There are plenty of stories and examples and experiences of people who began their careers destitute and had enough resolve to do it until they had more than they ever dreamed of. Study the experiences of others who built their way to the top instead of those born there. And you’ll not only reach the top, you’ll truly deserve it.

Jim Rohn, America's Foremost Business Philosopher, reprinted with permission from Jim Rohn International © 2017. As a world-renowned author and success expert, Jim Rohn touched millions of lives during his 46-year career as a motivational speaker and messenger of positive life change. For more information on Jim and his popular personal achievement resources or to subscribe to the weekly Jim Rohn Newsletter, visit www.JimRohn.com.

Sunday, January 22, 2017

Why Successful Habits Breed Success
Written by Jim Rohn

Your successes fuel your ambition. And they pave the way for more successes.

When you are doing all that you can possibly do, and you are successful at reaching your expectations, keep doing it. Success is one of the best forms of motivation. Psychologists call this positive reinforcement. We all know about positive reinforcement. That’s how we train our dogs. That how we teach our kids.

When you bring home a new puppy and try to teach him not to mess in the house, what do you do?

You reward him for going outside or for scratching at the door. When you’re trying to get your toddler out of the diaper stage, what do you do? You reward him with special presents. You make him feel special for learning something new. When you’re trying to get your older kids to crack the books and study, what do you do? You reward them when they get good grades. You teach them that the skills they are developing now will have positive effects on their lives later. And you do that by rewarding them now.

This is positive reinforcement: Learning that there are rewards for doing something good, something worthwhile, something of value. The greater the value, the greater the reward. The better you do, the better your reward. A bigger paycheck, a better house, financial freedom—it’s all a reward system.

There are two major benefits of positive reinforcement:

1. Positive reinforcement builds good habits.
If the habits you’re practicing are increasing your success, keep doing them. Your success is reaffirming that these habits are good. Your success tells you that you need to keep doing what you are doing. By reviewing the habits that lead you to success, you reinforce them. You give them staying power.

Here’s the other side. By reviewing your habits, you might find out that some of them are inhibiting your success. You might find out that what you’re doing every day is bad for you. Or you might realize that you’ve stopped practicing some very good habits. Somebody says, “Well, I’ve just gotten out of a bad habit of taking my daily walk around the block.” Well, I guess you’ll just have to get in the habit of being sick later on. Somebody says, “Well, I used to read books all the time; I’ve just gotten out of the habit.” Then change it. Get back your disciplines. If you’ve “just gotten out of the habit,” just get back into the habit. It’s called discipline.

2. Positive reinforcement creates the energy to fuel additional achievement.
It gives you the drive to do more, to not only keep on doing what’s right, but to do more of what’s right. The knowledge that what you’re doing is paying off creates more energy to keep going.

How easy is it to get up in the morning when you know you’re not doing all that it takes? It’s not very easy at all! You can just lie there, awake, thinking, Oh, what’s a few more minutes in bed. It won’t matter much anyway. Wrong! It does matter. It will matter. How easy is it to get up in the morning when you’re anxious to make progress toward your dreams? It’s a whole different story.

When you’re resting to renew your reserves, it’s much different than resting to avoid your day. When you’re psyched up and excited about life, when you’re excited about what you’ve planned to accomplish for the day, it’s amazing how you’ll wake up long before the alarm clock tries to startle you awake.

Your successes fuel your ambition. Your successes give you extra energy. Your successes pave the way for more successes. It’s the snowball effect. When you achieve one success, you’re excited to meet another… and another… and another. Pretty soon, the disciplines that were so difficult in the beginning—the disciplines that got you going—are now part of your philosophy. And they keep you going.

Jim Rohn, America's Foremost Business Philosopher, reprinted with permission from Jim Rohn International © 2017. As a world-renowned author and success expert, Jim Rohn touched millions of lives during his 46-year career as a motivational speaker and messenger of positive life change. For more information on Jim and his popular personal achievement resources or to subscribe to the weekly Jim Rohn Newsletter, visit www.JimRohn.com.

Sunday, January 15, 2017

Strengthen Your Retirement Portfolio Now By Building a Business Income Stream

How much money do you have to have in investments if in retirement you want to make $100,000 a year in income?

Some might say, "$1 million." Because if you have $1 million and you take out 10% a year that is $100,000. But financial experts don’t recommend that you pull out 10%. They say no more than 4% or 5%. So if you want $100,000 a year in income coming in from an investment you’ve got to have $2 million.

  • $100,000 per year you would need a $2 million investment
  • $200,000 per year you would need a $4 million investment
  • $300,000 per year you would need a $6 million investment
  • $400,000 per year you would need a $8 million investment
  • Half million dollars per year you would need a $10 million investment
  • $600,000 per year you would need a $12 million investment

That can seem like a pretty huge nest egg that we would need to grow! The problem is that most of us cannot invest enough money at our age to go have $100,000 a year coming in by retirement. However, we all have an opportunity to go build a business over the next 18, 24, 36 months that’ll either supplement our shortfall or even pay us $100,000, $200,000, $300,000, a half a million dollars a year for the rest of our lives!

I'm so excited to share this information with you. If you have enjoyed the information or feel that it would benefit someone else, please share it. If you have any questions or comments, please feel free to contact me.

Thursday, January 5, 2017

Sharing Makes You Bigger Than You Are
Written by Jim Rohn

The more you pour out, the more life will be able to pour in.

A strong relationship is a reciprocal relationship. That’s why you need to develop the ability to share. When you pass something along to someone else, whether it’s an idea, a feeling or a resource, everybody wins. If you pick up a good idea today, pass it along. Say, “Hey, I found a book that really helped me.” Maybe the book got you thinking. Maybe it changed your health. Maybe it inspired you. Whatever benefit you received can be passed along. And in the process of passing it along, you will benefit again and again. If you share what you’ve learned with 10 different people, they get to hear it once, and you get to hear it 10 times. It’s probably going to do more for you than for them until they start the sharing process, too.

For me, giving seminars, writing books and recording programs are all joys in life. They are the best investment I can make of my words, spirit, heart, soul, time and energy. I enjoy nothing more than to hear somebody say, “You got me started. You turned my lights on, turned my mind around, got me thinking, got me pondering… and I’ve been on track ever since.” You will hear that kind of praise (and more!) when you share. Share with your children. Share with your colleagues. Share with everybody that comes within your grasp.

Sharing makes you bigger than you are. If you have a full glass of water, can the glass hold any more water? The answer is yes, but only if I pour out what’s already in it. That’s what I’m asking you to do. If you’re full of ideas, if you’re full of good things, I’m asking you to pour them out. As you do, I promise you, more will be poured in.

Unlike a glass however, when you pour something out of yourself, you become bigger. Human beings have the ability to grow in consciousness and awareness and capacity. Even as kids, we don’t lack the capacity. Ask yourself how many languages a child can learn. Answer: As many as you’ll take the time to teach them. They do not lack capacity. They only lack teachers.

The same thing is true for you. You don’t lack capacity. Each time you share what you’ve got, you get bigger. Your consciousness grows. Your capacity increases. Why should you want your capacity to grow? You want it to grow so you can hold more of what is being shared with you.

You could pour happiness all over some people, and they still wouldn’t be very happy. Why? They’re not big enough. If you’re small—small in comprehension, small in the ability to think and wonder, small in appreciation—you won’t enjoy any benefit, no matter how much prosperity or happiness or wisdom is poured out. Don’t be like that. Learn to share. It’s a glorious experience.

Jim Rohn, America's Foremost Business Philosopher, reprinted with permission from Jim Rohn International © 2017. As a world-renowned author and success expert, Jim Rohn touched millions of lives during his 46-year career as a motivational speaker and messenger of positive life change. For more information on Jim and his popular personal achievement resources or to subscribe to the weekly Jim Rohn Newsletter, visit www.JimRohn.com.