wealthymatters

Helping 1% Style

August 29, 2014 2 Comments

wealthymatters 1)If you are the 1%, your problems are similar to those like you and that’s a miniscule minority. By focussing on solving the problems of the masses, you have a greater chance of making more money. Hence, the thing about focusing on the market at the bottom of the pyramid.

2)When employees have their own problems, they cannot focus on helping you solve yours. So by helping employees, you ensure that they can focus on their work and help you succeed. Hence, the focus on employee welfare.

3)Making money is hard, keeping money is harder. What if tomorrow you are no longer the 1% and all your 1% friends ignore you, you will need at least one of the 99% to help you. Hence, the focus on helping people of proven loyalty.

4)Invest in people. If 1 out of thousand people you have helped turn the favor one day, it is a great deal. Hence, the focus on supporting the talented, those with special skills and those with prospects.

Helping is resource intensive, so help strategically.

Filed under Entrepreneurship, Theory, Tool Kit Tagged with postaday, strategic helping

Listen With Two Ears

August 29, 2014 Leave a comment

wealthymatters

The 1% use education and media to control the 99%.

When I was small, my mother told me to listen with 2 ears. Let things come in one and go out the other. Don’t believe everything you hear. DON’T TRUST ANYONE.

Always ask questions. Even if you agree with something, try to look from the other side. If you disagree with something, do the same. Don’t just listen, think critically.

It is hard. Very hard. You will get the messages for the 99% and have to decode them. You don’t want to believe what the 1% want you to believe.

– CamMi Pham

Filed under Entrepreneurship, Theory, Tool Kit Tagged with independent thinking, postaday

You Are What You Read

August 29, 2014 Leave a comment

11% of rich people read for entertainment, compared to 79% of poor

85% of rich people read two or more education, career-related, or self-improvement books per month, compared to 15% of poor

94% of rich people read news publications including newspapers and blogs, compared to 11% of poor people

-Tom Corley, the author of Rich Habits: The Daily Success Habits Of Wealthy Individuals

Filed under Theory, Tool Kit Tagged with postday, rich habits the daily success habits of wealthy individuals, Tom Corley

Go Sleep!

August 28, 2014 3 Comments

wealthymatters My big idea is a very, very small idea that can unlock billions of big ideas that are at the moment dormant inside us. And my little idea that will do that is sleep.

I learned the hard way, the value of sleep. Two-and-a-half years ago, I fainted from exhaustion. I hit my head on my desk. I broke my cheekbone, I got five stitches on my right eye. And I began the journey of rediscovering the value of sleep. And in the course of that, I studied, I met with medical doctors, scientists, and I’m here to tell you that the way to a more productive, more inspired, more joyful life is getting enough sleep.

And we women are going to lead the way in this new revolution, this new feminist issue. We are literally going to sleep our way to the top, literally.

Because unfortunately for men, sleep deprivation has become a virility symbol. I was recently having dinner with a guy who bragged that he had only gotten four hours sleep the night before. And I felt like saying to him — but I didn’t say it — I felt like saying, “You know what? If you had gotten five, this dinner would have been a lot more interesting.” Read more of this post