undercurrent:
No shortcut?

Sabrwahaqqo:
So true . And they also are very lucky for things to work in their favor

outflank:
I don't think it's luck, I think it's persistence.

Sabrwahaqqo:

And I think it's both

outflank:

Lol, I won't rule out the possibility.

outflank:
Ordinary people can earn their fortunes — with the
right habits.

Of all of your daily activities, 40% of them are
habits, according to the Society for Personality and
Social Psychology. This means 40% of the time you're on auto-pilot, every day.

Habits save the brain work and conserve brain fuel.
There is very little processing power involved with
respect to habits.
Wonderful post...Meet you at the top

So what does that have to do with being rich? I
studied 177 self-made millionaires and uncovered
certain unique good habits that made it possible for
them to automatically process success on a daily
basis.

Here are five of the top habits of self-made
millionaires that helped them accumulate an average
of $7.4 million in 12 years.

1. They set good goals vs. bad goals.

You hardly ever hear anyone talk about goals in a
negative context. Goals are almost always perceived
to be good. But there are goals that add no real value
to your life when achieved yet consume valuable
resources. So how do you know when a goal is good or
bad?

Good goals create long-term benefits and long-term
happiness when achieved. They allow you to grow as an individual and alter your behavior in a positive way.

Good goals get you from point A to point B. Point B
being a better place, such as more wealth, a better
job, higher income, better school system for your
kids, etc.

An example of a good goal would be to lose 20 pounds.
Setting a weight-loss goal often involves a daily
regimen of exercise, healthy eating and encourages a
healthy lifestyle. Good health results from
exercising and eating right. It may also motivate you
to moderate your consumption of alcohol or to quit
smoking. When the weight eventually comes off you
enjoy the compliments, feel healthier and all of this
creates lasting happiness.

Bad goals create short-term happiness and no long-
term benefits when achieved. An example of a bad
goal might be to own a Ferrari, particularly if it is
not within your means. In that case, in order to own a Ferrari, you must make more money. Making more
money will likely involve either more work or taking
excessive financial risk (for example, taking out a
loan you may not be able to afford — or, say, gambling, if that's your tendency).

There's a cost-benefit to working more — you invest
time that you will never recoup. Don't misunderstand
me here. Working more to make more money can be a
good thing. But where the goal goes south is when you
then use that money to buy stuff, like a Ferrari, that
is financially out of your reach and perhaps not a
necessity.

The happiness you derive from owning more or better
stuff fades over time, since happiness derived from
buying stuff is typically short-term. You will
eventually revert back to your genetic happiness
baseline and, after a few weeks, the Ferrari will no
longer create lasting happiness. The lost time with
the family, however, can never be recouped.

If the goal, instead, was to judiciously invest that
extra money you earned into a calculated risk, such as a side business, an investment or a vacation home
that would enable you to spend more time with your
family, then it may shifts the "work more/earn more"
goal into a good goal.

Ideally, achieving a goal will create long-term
benefits: a stronger business, more time with the
family, more personal growth, financial independence,
improved health, etc.

2. They avoid time-wasters.

Sixty-seven percent of wealthy people watch less
than an hour of TV a day and 63% spend less than an
hour a day on the Internet, unless it is job-related.
They spend their free time instead engaged in self-
improvement, networking, volunteering, working side
jobs or side businesses, or pursuing some goal or
dream that will lead to financial rewards down the
road.

3. They dream-set before they goal-set.

You must Dream-Set before you Goal-Set. Dream-
Setting provides you with the destination; Goal-
Setting is the transportation to get you to your
destination. Dreams represent a vision of some
future, ideal state or reality. Dreams are the
springboard for goals. You can't achieve goals that
are actually dreams in disguise.

Most who set goals, mistake a dream for a goal, and
that is why most fail to achieve their goals. For
example, making an additional $100,000 a year is a
dream, not a goal. Becoming an Olympic athlete is a
dream, not a goal. Owning a house on the beach is a
dream, not a goal (unless you have the money already).
Dream-Setting is the act of clearly defining a dream.
It's a two-step process:

1. Ask yourself what you want your ideal life to be
10, 15 or 20 years out. Then write down every
detail of your ideal future life. Be very specific in the details: the income you earn, the house you live in, the boat you own, the car you drive, the money you've accumulated, etc.

2. Using this detailed description of your ideal
future life, make a bullet-point list of each one
of the details that represent your ideal life.
These would be the income you earn, the house
you live in, the boat your own, etc. These
details represent your wishes or dreams.

Goal-Setting requires you to build goals around each
one of your wishes or dreams. In order to build goals
around each wish or dream you need to ask yourself
two questions:

1. What would I need to do, what activities would
I need to engage in, in order for each wish or
dream to come true?

2. Can I perform those activities?

If the answer to Question #2 is yes, then those
activities represent your goals. Goals are only goals
when they involve physical action and you have the
capability to successfully take action.

Let's summarize this Dream-Setting / Goal-Setting
process:
1. Paint a picture with words of your ideal life.
2. Define each wish or dream that must be
realized in order to have your ideal future life.
3. Establish specific goals around each one of your
wishes or dreams.
4. Take action. Pursue and achieve each of the
specific goals that will make each wish or
dream come true.

You then repeat this process for every other wish or
dream. When you realize each one of your wishes or
dreams, your ideal future life will then become your
actual real life.


4. They never quit on a dream.
Self-made millionaires are persistent. They never
quit on their dream. They would rather go down with
the ship than quit. Twenty-seven percent of the self-
made millionaires in my study failed at least once in
business. And then they picked themselves up and
went on to try again. They persisted. Persistence
requires doing certain things every day that move you forward in achieving your goals or life dream.

Persistence makes you unstoppable. No obstacle,
mistake or momentary failure can stop you from
moving forward if you keep at it.

These millionaires learned to pivot and change
course, growing in the process. Persistence allowed
them to learn what didn't work and continuously
experiment, until they found what did work.
Persistence is the single greatest contributor to
manifesting good luck. Those who persist, eventually
get lucky. Some unintended consequence emerges,
something unexpected and unanticipated happens to
those who persist.

Sometimes, those closest to you will urge you on and
encourage you. But more often, those closest to you,
those directly impacted by the obstacles, mistakes
and failures that are part of the success journey,
will try to stop you from persisting. It takes
superhuman effort to continue to pursue success
when there are so many forces fighting you. That's
what makes successful people so special and also, so
rare. If you want to be successful in life, you must
persist in the face of unrelenting adversity.

5. They create multiple streams of income.

Self-made millionaires do not rely on one singular
source of income. They develop multiple streams.
Three seemed to be the magic number in my study.
Sixty-five percent had three or more streams of
income that they created over time. Diversifying
your sources of income allows you to weather the
economic downturns that always occur in life.

If you put "one pole in one pond," when that single
income stream is negatively impacted in some way,
you can suffer financially. Conversely, having "several poles in several ponds" allows you to draw income from other sources when one source is temporarily impaired.

Some of the additional streams might include: real
estate rentals (each rental unit = a stream of
income), REITs (each one = a stream of income),
tenants-in-common real estate investments (each one
= a stream of income), triple net leases, stock
market investments, annuities (each one = a stream
of income), seasonal real estate rentals (beach
rentals, ski rentals, lakefront rentals), private
equity investments, part ownership in a side
businesses (each one = a stream of income), financing
investments, ancillary products or services and
royalties (patents, books, oil, timber, etc.).

Remember, this study followed ordinary people who
built their wealth over a period of time. So it takes
work, determination and establishing the habits that
will help get you there. These are only a few
examples of the many good habits that support
wealth-building, but they're a good place to start.

Source: www.businessinsider.com/5-habits-that-helped-turn-ordinary-people-into-self-made-millionaires-2015-9?utm_content=buffer7f94c&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer

outflank:
Ordinary people can earn their fortunes — with the
right habits.

Of all of your daily activities, 40% of them are
habits, according to the Society for Personality and
Social Psychology. This means 40% of the time you're on auto-pilot, every day.

Habits save the brain work and conserve brain fuel.
There is very little processing power involved with
respect to habits.

So what does that have to do with being rich? I
studied 177 self-made millionaires and uncovered
certain unique good habits that made it possible for
them to automatically process success on a daily
basis.

Here are five of the top habits of self-made
millionaires that helped them accumulate an average
of $7.4 million in 12 years.

1. They set good goals vs. bad goals.

You hardly ever hear anyone talk about goals in a
negative context. Goals are almost always perceived
to be good. But there are goals that add no real value
to your life when achieved yet consume valuable
resources. So how do you know when a goal is good or
bad?

Good goals create long-term benefits and long-term
happiness when achieved. They allow you to grow as an individual and alter your behavior in a positive way.

Good goals get you from point A to point B. Point B
being a better place, such as more wealth, a better
job, higher income, better school system for your
kids, etc.

An example of a good goal would be to lose 20 pounds.
Setting a weight-loss goal often involves a daily
regimen of exercise, healthy eating and encourages a
healthy lifestyle. Good health results from
exercising and eating right. It may also motivate you
to moderate your consumption of alcohol or to quit
smoking. When the weight eventually comes off you
enjoy the compliments, feel healthier and all of this
creates lasting happiness.

Bad goals create short-term happiness and no long-
term benefits when achieved. An example of a bad
goal might be to own a Ferrari, particularly if it is
not within your means. In that case, in order to own a Ferrari, you must make more money. Making more
money will likely involve either more work or taking
excessive financial risk (for example, taking out a
loan you may not be able to afford — or, say, gambling, if that's your tendency).

There's a cost-benefit to working more — you invest
time that you will never recoup. Don't misunderstand
me here. Working more to make more money can be a
good thing. But where the goal goes south is when you
then use that money to buy stuff, like a Ferrari, that
is financially out of your reach and perhaps not a
necessity.

The happiness you derive from owning more or better
stuff fades over time, since happiness derived from
buying stuff is typically short-term. You will
eventually revert back to your genetic happiness
baseline and, after a few weeks, the Ferrari will no
longer create lasting happiness. The lost time with
the family, however, can never be recouped.

If the goal, instead, was to judiciously invest that
extra money you earned into a calculated risk, such as a side business, an investment or a vacation home
that would enable you to spend more time with your
family, then it may shifts the "work more/earn more"
goal into a good goal.

Ideally, achieving a goal will create long-term
benefits: a stronger business, more time with the
family, more personal growth, financial independence,
improved health, etc.

2. They avoid time-wasters.

Sixty-seven percent of wealthy people watch less
than an hour of TV a day and 63% spend less than an
hour a day on the Internet, unless it is job-related.
They spend their free time instead engaged in self-
improvement, networking, volunteering, working side
jobs or side businesses, or pursuing some goal or
dream that will lead to financial rewards down the
road.

3. They dream-set before they goal-set.

You must Dream-Set before you Goal-Set. Dream-
Setting provides you with the destination; Goal-
Setting is the transportation to get you to your
destination. Dreams represent a vision of some
future, ideal state or reality. Dreams are the
springboard for goals. You can't achieve goals that
are actually dreams in disguise.

Most who set goals, mistake a dream for a goal, and
that is why most fail to achieve their goals. For
example, making an additional $100,000 a year is a
dream, not a goal. Becoming an Olympic athlete is a
dream, not a goal. Owning a house on the beach is a
dream, not a goal (unless you have the money already).
Dream-Setting is the act of clearly defining a dream.
It's a two-step process:

1. Ask yourself what you want your ideal life to be
10, 15 or 20 years out. Then write down every
detail of your ideal future life. Be very specific in the details: the income you earn, the house you live in, the boat you own, the car you drive, the money you've accumulated, etc.

2. Using this detailed description of your ideal
future life, make a bullet-point list of each one
of the details that represent your ideal life.
These would be the income you earn, the house
you live in, the boat your own, etc. These
details represent your wishes or dreams.

Goal-Setting requires you to build goals around each
one of your wishes or dreams. In order to build goals
around each wish or dream you need to ask yourself
two questions:

1. What would I need to do, what activities would
I need to engage in, in order for each wish or
dream to come true?

2. Can I perform those activities?

If the answer to Question #2 is yes, then those
activities represent your goals. Goals are only goals
when they involve physical action and you have the
capability to successfully take action.

Let's summarize this Dream-Setting / Goal-Setting
process:
1. Paint a picture with words of your ideal life.
2. Define each wish or dream that must be
realized in order to have your ideal future life.
3. Establish specific goals around each one of your
wishes or dreams.
4. Take action. Pursue and achieve each of the
specific goals that will make each wish or
dream come true.

You then repeat this process for every other wish or
dream. When you realize each one of your wishes or
dreams, your ideal future life will then become your
actual real life.


4. They never quit on a dream.
Self-made millionaires are persistent. They never
quit on their dream. They would rather go down with
the ship than quit. Twenty-seven percent of the self-
made millionaires in my study failed at least once in
business. And then they picked themselves up and
went on to try again. They persisted. Persistence
requires doing certain things every day that move you forward in achieving your goals or life dream.

Persistence makes you unstoppable. No obstacle,
mistake or momentary failure can stop you from
moving forward if you keep at it.

These millionaires learned to pivot and change
course, growing in the process. Persistence allowed
them to learn what didn't work and continuously
experiment, until they found what did work.
Persistence is the single greatest contributor to
manifesting good luck. Those who persist, eventually
get lucky. Some unintended consequence emerges,
something unexpected and unanticipated happens to
those who persist.

Sometimes, those closest to you will urge you on and
encourage you. But more often, those closest to you,
those directly impacted by the obstacles, mistakes
and failures that are part of the success journey,
will try to stop you from persisting. It takes
superhuman effort to continue to pursue success
when there are so many forces fighting you. That's
what makes successful people so special and also, so
rare. If you want to be successful in life, you must
persist in the face of unrelenting adversity.

5. They create multiple streams of income.

Self-made millionaires do not rely on one singular
source of income. They develop multiple streams.
Three seemed to be the magic number in my study.
Sixty-five percent had three or more streams of
income that they created over time. Diversifying
your sources of income allows you to weather the
economic downturns that always occur in life.

If you put "one pole in one pond," when that single
income stream is negatively impacted in some way,
you can suffer financially. Conversely, having "several poles in several ponds" allows you to draw income from other sources when one source is temporarily impaired.

Some of the additional streams might include: real
estate rentals (each rental unit = a stream of
income), REITs (each one = a stream of income),
tenants-in-common real estate investments (each one
= a stream of income), triple net leases, stock
market investments, annuities (each one = a stream
of income), seasonal real estate rentals (beach
rentals, ski rentals, lakefront rentals), private
equity investments, part ownership in a side
businesses (each one = a stream of income), financing
investments, ancillary products or services and
royalties (patents, books, oil, timber, etc.).

Remember, this study followed ordinary people who
built their wealth over a period of time. So it takes
work, determination and establishing the habits that
will help get you there. These are only a few
examples of the many good habits that support
wealth-building, but they're a good place to start.

Source: www.businessinsider.com/5-habits-that-helped-turn-ordinary-people-into-self-made-millionaires-2015-9?utm_content=buffer7f94c&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer