Browsing CategoryMoney

Being rich, at least for most people, is measured in terms of liquidity, i.e cash in the bank. Per this definition, you become richer when you have more cash in the bank tomorrow than what you had the day before. Let’s work with this and let me ask you: Can you think of a way to become richer by tomorrow that doesn’t involve any investments or products and with minimal to no effort? If you haven’t figured out the answer for yourself yet, then you really need to start exercising your creativity muscles. You can become richer by tomorrow by…

Owing money to others is a real pain in the neck. People are in debt today because of the bad decisions they made in the past. And because of their past, I’ve seen way too many people become depressed and resign themselves to the margins of life as though they’re not worthy of living anymore. So debt is not only a financial barrier to living a happy life, it’s also psychologically tormenting. Rewinding the videotape of your financial mistakes and dwelling on it will give you nothing but more pain. I understand that it takes time to accept and be…

I have written a few posts on taking massive action (here and here). I’ve suggested that the best experience you can get is from going through the experience itself. I’ve also suggested that you can calibrate your vision and your approach as you go…because it’s difficult, under normal circumstances, to predict exactly how things will turn out. That post resonated well with people. However, I’d like to offer a second perspective to starting a successful business. I want to focus on the factor of prior experience and the role it plays on your path to success. 1. Smart People Learn…

We all would benefit from making more money. And in many cases, a lot of us deserve to be paid a little more than we do for the hard work we put into our job. We want to be compensated for the value we provide instead of the hours we work, but in the corporate world that’s rarely ever the case…unless you’re in top management. Some people try to make more money by working a second job. But not everyone has that option. Some may have to care for a sick parent or fight an illness and they honestly can’t…

About 40% of people in the US are not taking the necessary steps to manage and reduce stress in their lives. In addition to what we already know about its effects on our cardiovascular system, chronic exposure to psychological stress can over-activate our immune system and lead it to attack its own healthy tissue. In other words, stress can literally kill you. Most people experience stress when they’re unable to cope. And without developing their coping skills, they incur the damages of feeling and being stressed. Stress can be counteracted in two ways: Modify how we respond to stressful “cues”…