For Whom Wealth Matters
August 5, 2013 Leave a comment
So you’d like to be wealthy?Obviously.Otherwise why read a blog like wealthymatters?
Here is the first change you need to bring into your life.Use your income to buy assets and then use the income stream generated from them to pay for toys.
August 1, 2013 Leave a comment
The Penn World Tables, were created by Alan Heston, Robert Summers, and Bettina Aten of the University of Pennsylvania.They reveal how much larger all the word’s economies have become over time. The Penn Tables provide GDP data for both 1960 and 2010, providing a 50 year window to view global economic progress. It has been considerable. Looking at absolute GDP, no country anywhere in the world for which we have data is smaller today than it was in 1960. The countries that saw the size of their economies less than double since 1960 contain just 80 million people—a little more than 1 percent of the planet’s population. A further 1 billion people lived in countries where GDP climbed by somewhere between two- and five fold. That leaves 4.9 billion people—the considerable majority of the planet—living in countries where GDP has increased more than five fold over 50 years. Read more of this post
August 1, 2013 Leave a comment
There are always some things you must do, to avoid paying an unacceptably high price-things such as bookkeeping for your business or exercising regularly to remain fit.The easiest way of getting things done is to make them habits.The common belief is that doing something continuously for 3 weeks to a month helps you learn a habit.Here is some research to give you a better idea of how to build habits:
Phillippa Lally and colleagues from University College London recruited 96 people who were interested in forming a new habit such as eating a piece of fruit with lunch or doing a 15 minute run each day Lally et al. (2009). Participants were then asked daily how automatic their chosen behaviours felt. These questions included things like whether the behaviour was ‘hard not to do’ and could be done ‘without thinking’. Read more of this post
July 31, 2013 2 Comments
Remember the 10,000-hour rule. That’s roughly how much work and practice it takes to become accomplished in any field, whether it be sporting, creative or professional. 10,000 hours is 5 years of full time hard work. To become a virtuoso, triple that.
wealthymatters 