Wealth

Why the Rich Get Richer

Posted in SUCCESS, Wealth on November 8th, 2011 by Darren Hardy –

…and the successful become more and more successful.

I have to confess something to you. While you can definitely glean ideas, tips and important distinctions that will accelerate your progress, there are a few advantages that do separate the superachievers from everyone else that are not easily accessible.

Advantages you cannot simply find in a magazine, book or CD/DVD program, unfortunately.

These three advantages are access to Counsel, Connections and Strategies.
Let me explain briefly.

Counsel—The best in the world have the best in the world advising, consulting and coaching them. It is one of the greatest ways they gain advantage over their competitors.

The best golfer, tennis player, baseball pitcher, singer, even surgeon, CEO and top entrepreneur all invest in highly paid advisors and coaches. Why? This is a massively critical point about high performance.

There is a phenomenon called unconscious incompetence, meaning, you don’t even know when you aren’t doing something correctly or to the best of your ability. It takes someone outside of you to observe, identify, prod and counsel you in order to bring awareness to the adjustments needed take your performance to the next level.

A top CEO once said to me, “You can never pay too much to rent someone’s eyes, mind and experience.”

If you want to take your life to the next level, you, too, will want to seek out the best advisors and coaches to help get you there.

Connections—It is not just who the top achievers in the world know and have access to; what’s far more critically valuable is
the high-achieving reference group this provides them.

As human beings we raise or lower our performance to match the expectations and performance level of our reference group.

As Stephen Covey pointed out, if you take a walk with someone whose pace is quicker than yours, it will be uncomfortable at first but you will ultimately (and unconsciously) match their pace. The same is true if someone’s pace is naturally slower than yours—you will slow your pace to match theirs.

The power of associations has been written about many times, but this is one of the great limitations most success seekers have in being able to raise their game and change their life—they aren’t connected to a reference group that can help them reach their goals.

This is why the ubër-successful read more »

Don’t Let Your Kids Inherit Your Bad Financial Habits

Posted in SUCCESS, Wealth on October 27th, 2008 by Darren Hardy –

Six Financial Mistakes You Don’t Want Your Kids to Repeat

It is not the government, Wall Street or the greedy mortgage companies that are to blame for your financial crisis. The responsibility lies only with YOU. Let’s use this experience as a learning opportunity so the “sins of the father (and/or mother)” are not repeated on your children.

1. Start Saving From Day One
We have all heard about the magic of compound interest. The magic ingredient is time. The book SUCCESS for Teens describes The Choice:

At the end of 31 days, would you choose to receive a million dollars cash or a single penny that doubles each day during that term? You would be wise to choose the penny. On the 31st day, the payment is $10,737,418.24.

This is one of the most important financial lessons you can teach your children—save a percentage of every dollar they earn. The magic of compound interest can make them magically and magnificently rich.
read more »


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