July 26, 2014 Leave a comment
July 25, 2014 Leave a comment
So, what’s the best definition of being wealthy?
Having serious money means being able to pursue your passions and championing the causes you believe in—travel, philanthropy, interaction with amazing people, health improvement… whatever—on your timetable. It means you get to schedule your priorities instead of having to prioritize your schedule.
I mean, that’s a fantastic situation to be in, don’t you think? Being able to go out there and explore and enjoy this magical planet on your own terms. If you’re healthy and happy, how could it get any better than that?
Of course, having money doesn’t buy happiness or love, and it doesn’t buy good health. But I can’t overstate the glorious buzz that financial freedom provides. It is a magical thing.
One more thing, which is sort of icing on the cake for becoming wealthy: you can define yourself earlier in life than other people can. For many, having this opportunity to ascertain one’s business and personal legacy more on your own terms is a true measure of success.
Here are my definitions of ‘enough’ money based on reaching certain thresholds. These levels assume no or very little annual income from working, and again, apply only to funds that are ‘working’ for you (that is, money that is clearly an investment throwing off a dividend or some kind of desired appreciation): Read more of this post
July 23, 2014 2 Comments
There’s a story of an Italian Billionaire who when asked if he had to start over from scratch what he’d do replied that he’d take any job to make $500, buy a nice suit, then go to parties where he’d meet successful people. The implication being that he meet someone who’d offer him a job, share an opportunity, etc.
I’m almost 40 and of the 5 career type jobs I’ve had in my life (I run my own business now), 4 came through networking. Only 1 came out of applying to a job listing.
But networking isn’t something you just go out and do. It’s immensely more effective if you have simple people skills. And when I say simple, I mean spend a couple hours reading Dale Carnegie’s “How to Win Friends and Influence People.” Read that and try it out at a party and you’ll be blown away by how effective it is and how after meeting and talking with a few people and asking them about themselves, how they’ll want to help you, without you asking them.
When I asked my old boss who was the most remarkable sales person I’ve met, what he did to improve his sales skills, he told me that right out of college without any skills or pedigree degree, he took a job as a limo driver. He was reading “How to Win Friends and Influence People” and thought it would be worth trying out. He would ask his customers one simple question when they got in the limo, “So tell me about what you do.” That simple question resulted in a huge increase in tips he received. Notice he didn’t ask his customers, “What do you do?” There’s a subtle difference. If you ask the latter, many people will just tell you in a few words what they do. If you ask the former, it’s an invitation for them to tell you their story. Few people will turn that down. Read more of this post