Learn From The Chinese Bamboo


wealthymattersMy wife and I have built a new home with a lovely garden which houses lovely bamboo trees. I got reading on the Chinese bamboo and learned that the tree takes 5 years, 3 months to grow to its whole height of 80 feet. Yet, for the first 5 years, you only see a tiny green shoot, but in the next 90 days, it grows into a full-fledged tree. But in those first 60 months, it is growing its strong network of roots underground, to support the tree. In an era of instant gratification, we settle for shorter trees, but remember patience has its reward. These are your years of growing that strong network of roots but be sure when you finally achieve your success, people will call it “overnight success”. If only they knew of the Chinese bamboo!-Rahul Dravid

There Are Only So Many Tomorrows


wealthymatters

Have The Courage To Continue


wealthymatters

Rich Habits


wealthymatters

What you do today matters. Your daily habits are a major determinant of your wealth. According to Thomas Corley, the author of Rich Habits: The Daily Success Habits Of Wealthy Individuals.Some habits are like snowflakes -they build up, and then you have an avalanche of success.

Corley spent five years studying the lives of both rich people and poor people where he managed to segment out what he calls “rich habits” and “poverty habits”. So what are those rich habits that are so influential?Here are a few:

Rich people always keep their goals in sight: Not only do wealthy people set annual and monthly goals, but 67 per cent of them put those goals in writing.To them a goal is a not a broad objective.The wealthy say a wish is not a goal.And they know what needs to be done today.Not only do t he wealthy keep to-do lists, but 67 per cent of them complete 70 per cent or more of those listed tasks each day.

They don’t watch TV :Similarly,only 6 per cent of the wealthy watch reality shows, compared to 78 per cent of the poor.The common variable among the wealthy is how they make productive use of their time.The wealthy are not avoiding watching TV because they have some superior human discipline or willpower. They just don’t think about watching much TV because they are engaged in some other habitual daily behaviour -reading.

They read…but not for fun: Sure, rich people love reading, but they favour non fiction -in particular, self-improvement books.The rich are voracious readers on how to improve themselves.88 per cent of them read for self-improvement for 30 minutes each day, compared to 2 per cent of poor people.Plus, they’re big into audio books Around 63 per cent of the rich people surveyed said that they listened to audiobooks to make the most of their commute. Read more of this post

The Frugal Billionaire


wealthymatters As you make a little money,much of the world expects you to signal it by upping your lifestyle.In fact a lot of people won’t believe your worth their time or consideration unless you are sporting the right clothes,accessories,car,putting up at the right hotel etc.etc.

Azim Premji is known for his simplicity and modest living. He is a great role model for people who don’t like waste.He is a good example to point out to people egging you on to “invest” in a lifestyle.

He prefers to fly economy class and owns a Honda city. Recently, Premji’s senior executives and well-wishers advised him that it is time for an upgrade as the Honda was old. He traded his modest Toyota car for a Mercedes Benz but a second-hand one from one of his employees. Besides, he also travels in autorickshaws, public buses or prefers to walk, ignores extravagant hotels and always stays at the company guesthouse, and takes food from the company canteen,believing that what is good for his employees is good enough for him.He is watchful about saving money wherever possible, switching off lights when not needed and even regulating the number of toilet rolls used.

We can’t expect the world to deal with us the way they would with a billionaire,but at the same time there is no need to go overboard with the lifestyle expenses.The art is in spending where we must,so that our business is not affected and that we don’t miss out on opportunities for growth,but at the same time curtailing personal expenses that add no real value to our lives.