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What is the best way to develop a wealth mindset and become wealthy? Well, a good start is to find out what wealthy people think and do and start applying this to your own life.

Besides having a great wealth mindset, wealthy people also adopt specific behaviors that other people don’t do. Start modeling these behaviors and you can have what they have too!

In this article, you will learn the 8 specific factors that predict how wealthy you will be. Discover the mix of wealth mindset traits and specific behaviors that wealthy people do. Then start doing these too!

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So let’s kick off with some questions:

  • What behaviors do most millionaires have in common?
  • What are their main personality traits?
  • What does it take to become a millionaire?
  • What does it mean to have a wealth mindset?
  • Can an ordinary person build extraordinary wealth?

To answer these questions, I’m going to share the research results from two great authors. The first is Chris Hogan, who studied 10,000 millionaires. The second is Sarah Stanley Fallaw who studied 600 millionaires in the US.  Here are the links to their books on Amazon.

These researchers uncovered 8 behaviors or wealth mindsets that almost every millionaire has. These 8 factors can predict how wealthy someone will become in spite of their age, background, or current income.

So here are the 8 factors that you can use to predict how wealthy you are going to be.

1. Frugality

The first one is frugality – a commitment to saving and spending less than you earn. It’s sticking to a budget and resisting lifestyle creep. What is lifestyle creep? It’s spending more when you start earning more. Frugal people typically spend about 80% of their income. The rest, they invest.

Frugal people know that becoming rich or financially independent is not about how much you earn. It’s about spending less than you earn. That’s the crucial thing. They’re creating a financial buffer for their future. The money they save might be used to start a new business or retire early.

True financial freedom or financial independence means having time as well as money. To have time, you need income from passive sources. It can be rental income, income from investments, or from an online business. That income doesn’t need to be very high. It just needs to be high enough to exceed your expenses.

2. Confidence

Confidence is essential if you want to be frugal. You’re going to get pressured from other people to spend money. It takes courage to say no. You have to be determined to stick to your budget.

Being confident also means being able to invest with your head and not your emotions. Whether it’s investing in a property or stocks and shares, it’s easy to get emotional and not think realistically. Rich people are very good at taking a detached perspective. They have the skill of weighing up the pros and cons logically.

They also act on opportunities quickly. Rich people seem to have the ability to recognize an excellent opportunity when they see one. They don’t procrastinate on decisions. They take action immediately because they have that wealth mindset. They’re confident in their skills and abilities. This gives them resilience, persistence, and self-belief.

3. Taking Responsibility

If you’ve read some self-help books, you probably know that taking responsibility for your life is extremely important. So, it’s not surprising that one of the crucial traits of wealthy and successful people is taking personal responsibility. They don’t count on other people to help them get rich. They take action by themselves. They don’t blame others either. They won’t even blame the economy when they fall short.

Sometimes millionaires lose their wealth when the economy changes. But what’s interesting about these people is that they are capable of coming back and making money again. They are taking responsibility and not blaming the economy. Even if the economy affects them in the short term, they know they’re going to get back on track.

A part of taking responsibility is being flexible. You must be willing to try different things. It’s also about focusing on what you can control. In any situation, it is essential to know what you can manage and influence, especially when other people are involved. It’s also about aligning your daily habits with your own goals. Rich people have consistent daily habits that are taking them towards their goals.

Interestingly, most millionaires are self-made. They have not achieved their wealth by luck, through inheritance, or by having wealthy parents. There are so many stories about self-made millionaires that were just like anybody else. Still, they had that something that led them to success. And that was not given to them by birth. They had the wealth mindset that you can develop and cultivate too.

4. Goal Setting & Achievement

Successful and wealthy people are goal-orientated. They set short-term and long-term goals for their financial future. Researched showed that 92% of wealthy people had a long-term plan for their finances. And 97% of these people accomplished almost every goal they set. So they rarely fall short. They set goals, and they achieve them. They’ve mastered the art of setting goals and, most importantly, accomplishing them.

5. Focus & Tenacity

This one is about seeing tasks through to their logical conclusion. Not being distracted by other things or other opportunities. Resisting the shiny object syndrome. Successful people generally stick with one business idea or venture for a significant amount of time. They might see other, perhaps even better opportunities. But they decide to stick with the one they started. Especially if they can see some signs of success.

There might be times when switching to another business venture, or opportunity is the right thing to do. But generally, this will be the last resort for a person with a wealth mindset. They are aware that taking action on their current venture is much more critical. It means staying in the game for the long term.

They’re also a lot less focused on immediate gratification. Their willingness to give up spending time and money on things now is helping them to achieve better results in the future. They are capable of avoiding the “I need to have things now to be happy” mindset and focus on long-term gratification. They are long-term thinkers. They are thinking 2, 5, even 10 years in advance.

If I’d started saving when I was 20, I could well be on the way to being a millionaire now. But I didn’t have that long-term vision in my early 20s. If you are in your early 20s, understand how important this is. What you do financially in your early 20s can make an enormous impact on your financial future. Start planning for your future right now!

6. Social Indifference

People with a wealth mindset don’t feel a need to keep up with the Joneses. When your neighbor buys a particular car or something else, do you feel the need to do the same? Genuinely successful people don’t feel a need to do that. They don’t feel the pressure from others to buy the latest iPhone or some other gadget. Sometimes they have older technology because they use their money for other things.

When I first started working, I moved into my first shared house in London. I was talking to my flat mates who were making a good income compared to me. I asked if they were saving some of that extra money for the future. They said no, they just spent more instead! So they earned more, but spent more too! As I mentioned earlier, this is known as “lifestyle creep”. I didn’t want that to happen to me, but it has, although I’m addressing this now!

7. Working Hard

The next thing that productive, successful and wealthy people do is work hard. They’re always willing to do whatever it takes even when it’s not easy. They’re eager to challenge themselves. They’re ready to stretch themselves. And 93% of people who became millionaires achieved that with hard work. It was not about knowing the right people or being in the right place. It was sheer hard work that got them to where they were.

These people are continually working on improving themselves. They won’t settle for what they have or who they are today. They’re always looking for more. Even though they are very successful now, they’re always looking for ways to improve themselves. They develop themselves further so that they can be even better tomorrow. Investing in their education and skills makes them capable of embracing the latest technologies or business trends. They have that wealth mindset that there’s always more to learn. And they have the curiosity that drives them.

One more thing that is significant is to take on jobs that you are passionate about and that you love doing. When you work on something that you’re excited about, it’s a lot easier to do the hard work. You’re much more motivated, and it’s much easier to keep going when the going gets tough. If you love what you are doing, you’re more likely to do it very well. You are always going to perform better at something that you enjoy, and you’re happy doing.

8. Being Consistent

To be consistent means doing the same thing day after day, week after week, month after month, year after year, even decade after decade. If you want to be consistent, you need to be patient. You have to be able to let go of immediate gratification and focus on the long-term goals. Having a good focus is essential. You need to have the ability to stay focused on your plan and your goals for financial wealth and freedom. If you have a passion for what you’re doing, that should make everything easier.

So, these are the 8 behaviors and wealth mindset traits that the vast majority of millionaires have, based on extensive research.

To learn more, I highly recommend reading the following two books.

If you enjoyed reading this article and found it useful, please leave a comment or question below.  I would love to hear what you think!   Please also click on the stars below to rate this post. Also, feel free to share this article with other people or on social media.

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Paul

Having too much to do or a feeling that you are overwhelmed is the most common form of stress in today’s world. I call it time poverty. There are not enough hours in the day to do all the things we need to do. This lack of time can be a hard one to crack because it feels like you have no control over it.  There are only a certain number of hours in a day and we can’t change that.

Recently, I’ve had a few hypnotherapy clients that have been experiencing this problem. I really wanted to help them. And I want to help you as well if you feel overwhelmed because of having too much to do.

Most probably, there are many things that you think you should be doing. For example, exercising, eating healthily, doing yoga, or working on your self-improvement. Maybe you think you should be spending more time with your children, friends, or family. The pressure can also come from your work.

Technology can make that feeling even worse. Nowadays, thanks to technology, we can do so much more quickly and efficiently. Consequently, we have more to think about. There is more mental noise in our minds. That noise creates additional pressure.

How do you know when you have too much to do or that you are overwhelmed? Usually, it’s pretty obvious. Sometimes it’s not so easy to tell. Think about the tasks that are generally rewarding and enjoyable. If you stop enjoying them and all you can see is a long list of things you need to do, then this is a key sign that you’ve got too much on.

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Now I’m going to cover the 10 ways to effectively deal with having too much to do.

1. Write Everything Down

It is essential to write everything down on a piece of paper or on your computer. I used to keep all the things I had to do in my head. One evening, I came home, looking busy and stressed. My wife asked what are all the things you need to do? Even though I had all these things in my mind, I struggled to answer her question. I couldn’t recall most of the things that I needed to do.

What helped me was writing all my tasks down. When you write them down, you get a clear visual picture of what you need to do. This gives you a sense of perspective, and often you can find the cause of your stress. The overwhelming feeling usually reduces. You may also feel an emotional release. Just the act of writing all these things down can help release that stress emotion.

2. Prioritize

Once you write your tasks down, it’s time to prioritize. You’ve got to put them into an order. First, focus on what’s urgent and what needs to be done immediately. After that, add tasks that you want to do and are important to you. These are the tasks that give you a sense of fulfillment and happiness. They help you achieve your long-term goals. When you feel happy and fulfilled, you’re more likely to get those other tasks done.

Next, there are tasks that you don’t want to do. See if you can get some help. Or, find a way to delegate them to somebody else.

Some tasks are of low priority. I’d almost call them the don’t do’s. Maybe, it’s not necessary to do them. If they’re not adding much value to your business or your life, perhaps you could skip them. This might go against your work ethic. However, the reality is that you’ve got too much to do. So you have to prioritize in a way that ensures that the most important things get done.

3. Change Your Self-Talk

This one comes from a video by Bernadette (known as “B”) at the Daily Positive. She says that when you have too much to do and feel overwhelmed, don’t say things like, I’m so busy, I’m so stressed out, or I don’t have enough time. Why? Because your unconscious mind gets that message loud and clear. And it will put you into fight or flight mode. This creates a vicious cycle, where you’re more stressed and less productive. Your work begins to pile up even more.

Remember that your unconscious mind can’t make choices. It just imprints whatever you regularly say to yourself. So if you keep saying to yourself, I’m so busy, I’m so stressed out, I don’t have enough time, your unconscious mind is going to believe it. Instead, you want to say the direct opposite. Tell yourself things like:

  • I am calm,
  • I am in control.
  • I am focused.
  • I am effective.
  • There is more than enough time to do everything I need to do.

Even if you don’t believe these, when you say them, your body will begin to feel calmer. You’ll feel more in control. You’ll be able to think more clearly, and you’ll be more productive.

Over time, these new affirmations and this new self-talk will become more believable. You will start to take them on more and more naturally.

4. Banish the Words Should, Must, and Have To

The vast majority of us live in a free society. We have freedom of thinking and freedom of speech. We also have freedom of choice. We can choose what to do or what not to do. So rather than saying I should go to the gym today, say I choose to go to the gym today. Or I can go to the gym today. And in the same manner, I choose to stick to this diet, I can stick to this diet, or I want to stick to this diet.

Can you see that you now have a choice? It might seem like a play on words, but again, your unconscious mind will pick up on the harsher feelings behind words such as should, must or have to. So use softer words, such as want to, choose to, and could do. When you do this, you’ll see a difference. You’ll feel more in control.

5. Make Time for What Matters Most

Think about the things that are very important to you, the things that you would regret if you didn’t do them. When you get older and look back on your life, what are you going to care about? What are you going to regret not doing? Probably not many things that are on your current to-do list!

You must make time in the day to do what’s super important. The things that you value. Maybe it’s exercise because you want to have a great body and long-term sustainable health. Maybe, it’s meditation so you could feel more focused as life goes on. Perhaps, it’s self-improvement – becoming the best person you can be. It could also be learning new skills or setting up a part-time business.

If you can find a way to make time to fit those into your day, you will feel much better about yourself. And when you feel better about yourself, you tend to get more of those other things done as well.

6. Watch Out for Perfectionism

Quite a few of my clients that have wanted help with stress and overwhelm have one thing in common. They are perfectionists. They want to do things to a very high standard. And that requires much more time.

It helps to know the difference between something being perfect and good enough. You might spend 20% of your time and effort to get something to be good enough, and then the remaining 80% to get it to be perfect. So we have the 80/20 rule here. When you strive to make something perfect, think about what else you could do with that time? What are the tasks that you’re not going to do at all if you do this one task perfectly?

It’s not easy to let go of perfectionism. I know that because I have perfectionism tendencies myself. I believe that there is an underlying fear of not being good enough behind perfectionism. Everything has to be perfect so that I can feel I’m good enough.

It is helpful to think about when it’s important to be a perfectionist and when it isn’t. If you are performing brain surgery, then you must do your best because it’s a life or death situation. But if you’re at home preparing a salad, maybe that doesn’t need to be completely perfect. Some things may need to be perfect, but there are others where it’s fine to be good enough. Make sure you can distinguish between the two. Don’t try being a perfectionist at everything.

7. Don’t Take on New Activities

When you have too much to do, it’s essential not to take on any more activities. It could be a new project at work or maybe joining a committee with a meaningful cause. Perhaps it’s buying a new course, doing a new exercise program, or a new diet. It feels good doing new things. You get a dopamine hit! But remember, that it is another thing to do.

When it comes to new courses, there are always 2 questions I ask myself. Firstly, is this course going to be of good value to me? And secondly, have I got the time to do it? Quite often, the answer to the second question is no. Make sure that you ask yourself these two questions when you consider buying a course or paying for something that will take more of your time. It’s vital to balance that reward and dopamine hit with having some space in your life. Create space to relax and take some time out.

8. Learn to Say No

When you’ve got too much to do, the last thing you want is to take on more. When people ask us to do something, we often say yes without thinking about the consequences. We don’t think about what that work is going to involve. Then we begin to regret it later. Here are a few tips for saying no.

Firstly, be direct and keep it simple. Say things like, no, I can’t do that or no, I don’t want to do that right now. Always be polite. Say thanks for asking, but I can’t do this at the moment. Practice saying no in your imagination.

Next, buy time. Sometimes rather than saying no, say, can I get back to you. That gives you time to think about how much time you would need, and if you can really fit it in. If you cannot do it, you have enough time to think about the best way to say no. Remember that when you say no to someone, you’re rejecting their request. You’re not rejecting the person. That’s very important.

Bear in mind that if you get into the habit of saying yes to everything, people will start asking you to do more and more. They will expect that of you. They’ll see you as a person who’s always going to say yes. They might take advantage of you because of that.

It’s always better to say no now than be resentful later for saying yes. Remember, your self-worth is not dependent on pleasing others.

9. Have a Mindful Moment

I learned this from Leo at Zen Habits. When you have too much to do, and you feel overwhelmed, use it as an opportunity to practice mindfulness. Mindfulness means being completely in the here and now. Not thinking about the past, not worrying about the future, just being completely in the present.

There are 2 ways you can practice this. The first is to focus completely on the one thing you’re doing right now without thinking about anything else. If you find this hard to do, you can try what Leo calls Mind Jumps.

Take 1 or 2 minutes out. Notice how your body feels while your mind is spinning. You’re going to feel the stress. And that’s not going to be a pleasant feeling. However, it’s not going to be the end of the world either. It’s just going to be a little bit uncomfortable.

 As you do that, observe how you feel. Then, start observing your surroundings. What can you see? What can you hear? What can you feel? Notice the thoughts that are coming up in your mind. How are they affecting your feelings? Maybe you’ll notice words like should or must or some negative phrases. Start becoming more and more aware of these.

10. Let It Go

The last one is to practice letting go. This also comes from Leo at Zen Habits.

When you have a big to-do list, and you have a high desire to get it all done, this desire can get in the way of actually doing it. This desire can affect your concentration and focus. Leo recommends letting go of the idea that you’re going to get it all done and accepting the reality. The reality is that you can do only one thing at a time. He also says, be grateful for the moment that you have right now instead of wishing for the moment that you don’t have. I believe this is very important.

Many people go through life just thinking about the future. They never really think about this actual moment. Practice being grateful for where you are right now. The only thing we can be certain of in life is that there’s always going to be more things on our to-do list! That’s the only constant. Taking time to be grateful for where you are right now is extremely important.

I found these 10 ways to deal with too much to do to be very effective, both for myself and my clients. I hope you will put them into practice and realize how powerful and helpful they can be for you too. 

If you enjoyed reading this article and found it useful, please leave a comment or question below.  I would love to hear what you think!   Please also click on the stars below to rate this post. Also, feel free to share this article with other people or on social media.

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Paul

In this article, I will cover the crucial difference between reacting and responding. Once you know this and apply it to your life, your relationships with other people will improve immensely.

When you know the key difference between reacting and responding, you can deal calmly with other people, even the drama queens in your life!

When I learned the important difference between reacting and responding, several things changed in my life. I had far fewer arguments. I was able to take a step back and consider all the possible options. Situations where I would say something that I regretted later became less and less.

Keep reading to learn how to respond instead of react and notice your relationships with others improve dramatically.

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Reacting and Responding may sound similar, but they are very different.   Learn the differences and notice big changes in relationships with your partner, work colleagues, family, and friends.

Reacting tends to be emotional and impulsive. It’s something we do instinctively. It’s close to an animal-like behavior.

Responding is considering the situation with thought and intelligence. It’s having an awareness of the consequences of any action you might take.

What problems have been created in your life by reacting instead of responding so far? At the extreme, our prisons are chockablock with people that reacted. People that acted without thinking about the longer-term consequences.

Relationships are especially sensitive to reactive behavior. What have you said in the heat of the moment that you later regretted? Imagine how responding effectively could improve your relationships and give you greater happiness and peace.

Apply the strategies below to ensure that you’re responding and notice how your relationships improve.

1. Notice your Emotions

When you are with another person, notice any emotions that flare up, especially the negative ones. Having an awareness of your emotional state in these situations is an important first step. Why? because it gives you the ability to choose to respond differently before the emotions get too high.

It allows you to nip these emotions in the bud as soon as you notice them and then behave differently. It’s so important to do this before the emotions get too strong or intense. If you don’t, it’s very easy to act instinctively and in the same way that you acted before. This happens because blood flows away from the logical thinking part of the brain (the pre-frontal cortex) to the emotional brain (the amygdala).

2. Step Away

When you notice an emotion such as anger flaring up, step away from the situation if you can. This will give you some breathing space, even if it is just for a few seconds.  Use this time to analyze the situation and see it more objectively. It will also help you calm down and clear your head. A great thing to do during this time is my rapid relaxation exercise.

3. List Your Options

There are nearly always more ways to deal with something than you think.  You will find that the more relaxed you are, the more options appear. This is why if you can step away from the situation first that will always help.

Now ask yourself, what are the other ways that I could deal with this? What are the other ways that I could respond to this situation? There are often more ways than you previously thought. You just needed the mental space to find them.

4. Breathe

Just the act of breathing deeply and slowly will help you diffuse negative emotions, calm you down and clear your head. Contrary to popular belief, your mind can only focus on one thing at a time.  If you focus on breathing and nothing else, then you have no choice but to relax and calm down.  This will take some practice but it can be done.

When you take long, slow, deep breaths, you reduce the hormone cortisol in your body by up to 70%. That’s great for relieving stress. When you’re relaxed, you will naturally respond to other people in a level-headed way.

5. Consider the Consequences

I’m sure there have been times where you have said something or done something that you have later regretted.  If you can consider the consequences before acting, then you will act differently. This will then save you and the other person the pain of the old negative behavior. This will be much better for the relationship in the long-term.

Relationship conflicts can also arise when you think and act with a short-term view. In today’s instant society, we often focus on short term goals and outcomes. However, we often ignore the longer-term impact that this might have on our relationships.

Most people don’t think about the long-term effect of their behavior on others. So if you can do this, you’re immediately going to stand out from the crowd and have much better relationships with other people. You’ll develop great relationships built on trust and respect and you will have a more peaceful and happier life as well.

6. We are Humans, not Animals!

Animals only know how to react. They can’t step back and determine the best course of action like we can. If a cat sees a mouse, it will chase it without thinking. If a mouse sees a cat, it instinctively runs away.

Reacting instantly, automatically and unconsciously is rarely a good choice for us, unless it’s a life or death situation.

As humans, we can consider all the options and then make a conscious choice in how to respond. This will come with practice. Once you start responding to situations rather than reacting, it will begin to feel more familiar and automatic.

In stressful situations, it can be very easy to switch back into reacting. So remember to just take a step back and respond rather than doing that old reacting behavior.

7. Use Emotion to Your Advantage

When you are emotional about something, it means that its important or meaningful to you. It means that you care. So feeling emotional is a good thing, as long as it doesn’t lead to actions that could harm others or cause you to say or do something that you later regret.

Therefore listen to your emotions and give them your full attention. However, don’t let strong negative emotions overwhelm you.  They are there to give you a message. They exist to tell you that something is potentially wrong. So examine the situation objectively and then make a new considered decision and take a different course of action.

To Sum Up

Reacting too quickly is rarely the best option. Responding appropriately is so important in creating a successful and enjoyable life.

If you’re reacting, make the effort to respond to life’s challenges more intelligently and thoughtfully. It will benefit you more than the other person!

I hope these tips will help you when you next deal with difficult people at work or at home or in any other area of your life.

If you enjoyed reading this article and found it useful, please leave a comment or question below.  I would love to hear what you think!   Please also click on the stars below to rate this post. Also, feel free to share this article with other people or on social media.

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Thank you for reading this article.  I hope you are having a wonderful day!

Paul

What is the key thing to having a good life and feeling happy? Many people believe that it’s the ability to spend as much money as you want. If there is a need to scrimp, save, or budget, that’s not a good life. It takes the fun out of it and can lead to unhappiness. To some degree, I believed this myself, until I read a book called The Barefoot Investor by Scott Pape.

The Barefoot Investor and Scott Pape have become household names within Australia. Back in 2014, Scott lost everything due to a bush fire – his home, farm, and business. But he was able to recover and get his life back on track relatively quickly compared to other people in the same situation. How come? Well, thanks to some good financial decisions he made before that misfortunate event.

I want to share with you how The Barefoot Investor helped me learn that it was not so hard to spend less than you earn. I’ve only read about a quarter of the book. So at the moment, I want to share with you some of the crucial components that I’ve implemented. These helped me save an extra $500 per month without a lot of effort. And certainly without any effect on my happiness.

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I am now going to cover the Barefoot Investor 6-step approach to budgeting and explain how to handle your money effectively. Once you learn and apply this, you’ll find it much easier to spend considerably less than you earn.

Step 1: Save an Initial $2,000

The Mojo Account

Having $2000 in a savings account is an essential first step. There is always a chance of some unexpected financial costs occurring. If you have that $2,000 buffer, you’ll be able to cope to at least some degree. Also, when you claim on your insurance, there’s often an excess to pay. So it’s good to have that backup money.

Scott Pape calls this money Mojo. He recommends putting it in a savings account – the Mojo account. When you have that money in a separate account, in a time of need, it will help you get your Mojo back. It gives you financial confidence. It makes you feel that you can cope if something unexpected happens. It also provides a head start in a financial crisis.

No Money for the Mojo Account?

What if you don’t have $2,000 in the bank right now? What can you do to get it? The first most obvious thing is to sell some of your stuff. Look around your home. Look for the things that you don’t use very much and sell them.

If there’s nothing you could sell, find a second job for a few weeks until you earn that $2,000.

For me, this step was very easy. I already had more than $2,000 in savings.

Step 2: Live on 60% of Your Income

Can You Do It?

You’ll need to do a bit of research to find out whether you can spend less than you earn. Basically, look at your outgoings. Look at your rent or your mortgage payments. Find out the cost of your utility, phone, and internet bills. Pay attention to your car, house, health, or life insurance. Calculate how much you spend on food each month and look at any loan repayments that you have. Ideally, they should all add up to only being 60% of your income.

What If You Can’t?

If you find that your living costs add up to more than 60% of your income, what can you do? There are only two things – earn more or spend less.

Earn more – You could find a second job for a while, or try to get a promotion at your current work. You could rent out a room, or start some part-time business.

Spend less – You could also try to save some money. Review your monthly expenses. See if there’s something that you could reduce or lose altogether. Maybe move to a smaller place and save on rent. You could also review your insurance premiums and your cover. Quite often, you can increase the excess and get a lower monthly premium.

Here in Australia, we have health insurance that comes with what’s called extras. These extras cover things like dentists, chiropractors, therapists, personal trainers, massages, or acupuncture. Typically, you can get 20 to 25% of the cost of those back.

It would be good to check how much you claimed back for those services in a year. Then look at how much you’re paying for the extras cover. I found I was paying more for the extras cover then I was claiming back. It just didn’t make sense to continue paying that, so I saved some money there.

My Experience

I’m going to give you some personal experience here. I found it reasonably easy to live on 60% of my income. My income does fluctuate from month to month because my business as a hypnotherapist means that I have good months and bad months.

So I did some things to reduce my costs. I reviewed my health insurance and changed my insurance company. I reviewed the internet service to see if we could make some savings there.

And for the last three months, I’ve been able to live on 60% of my income comfortably. The fact is, you can spend less than you earn more easily than you think.

Step 3: Find a Bank with No Fees

When I lived in the UK, free-banking was normal. But when I moved to Australia, it was common to pay $5 a month for running a current account. And also quite common to pay an annual fee on credit cards. If you use another bank’s ATMs, you pay a surcharge on that as well. This might be the case in your country also.

So an important step is to find a bank that doesn’t charge those fees. Another thing to watch as well are international transaction fees. I assumed that, when traveling to another country or buying things online, it was normal to pay some surcharge on my credit or debit card. But Scott Pape says in The Barefoot Investor that you shouldn’t be paying these. Some banks will refund or not charge international transaction fees. Here in Australia, one of the banks that does that is ING. It’s an online bank that doesn’t have any branches.

So do some research. If you’re paying any fees, including international transaction fees, find a bank that refunds them or doesn’t charge them in the first place. Look for online banks. See if you can find one in your country that has no bank fees and offers refunds for international transactions.

Step 4: Open 2 Current Accounts

Once you found a bank that charges no fees, you’re going to want to open two current accounts. With both of these bank accounts, you should have a debit card for transactions.

The Daily Expenses Account – 60% of Your Income

With online banking these days, you can often give bank accounts nicknames. So the first one you’re going to call Daily Expenses. This is the account where all your income is going to go. And this is also the account where 60% of your income will stay and cover your living expenses. Remember, we are talking about living on 60% of what you earn. The other 40% is going to go out of this account to other accounts. The goal is to spend less than you earn and save the rest of the money.

I’ll give you a really helpful tip here. Pay for everything with a debit card. I used to pay cash for a lot of little things, like coffees and lunches. Now I’m paying for everything by card. Why is this an excellent idea? Because it’s much easier to keep track of how much you’re spending. You just have to look at your statements. I highly recommend that you start paying for everything using your debit card.

The Splurge Account – 10% of Your Income

The second current account that you’re going to open is called Splurge. The Splurge account is for guilt-free spending on fun things. These would typically include eating out, drinks at the pub, massages, maybe buying books, CDs, or DVDs. It could also be for your Netflix or your Spotify subscription. Basically, for those things that make life enjoyable and fun. They’re not essential; you could manage without them. But those are the things that put a smile on your face and make you feel happy. The key here is, it’s guilt-free spending. This account should also have a debit card. A recommended guideline is to put 10% of your income in your Splurge account.

Step 5: Open 2 Savings Accounts

These accounts should be with a different bank to your Mojo account. Look around and see which bank has the highest interest rate on their savings accounts. Here in Australia, the typical interest rate is 1% at the moment. That is very, very low. But there are online banks that are willing to pay up to 2%. When you find a good deal, open two savings accounts. Some banks require you to have a current account to take advantage of any bonus savings interest. If this is the case, open your Daily Expenses and Splurge accounts with the same bank. Just check they don’t charge any fees first!

The Smile Account – 10% of Your Income

The first savings account you can call Smile. Why is that? This account is for longer-term purchases, things like holidays, a new computer or a new TV. It’s for items that you can’t save up for in one month. And as the name suggests, those are the things that will make you smile.

You should put 10% of your income into this account. So every month, you are going to transfer 10% of your income from your Daily Expenses account to this high-interest account. For me, the money from the Smile account is primarily used for holidays.

The Fire Extinguisher Account – 20% of Your Income

The second savings account you’re going to call Fire Extinguisher. Why? Because this account will be your financial fire extinguisher. You point it at whatever your financial fire is. If it’s paying off debts, point it at your debts. If it’s saving for a down payment or deposit for a house, then use this account for that.

If you don’t have debts and you already own a house, then you can point it towards unexpected costs. These could be health challenges, redundancy, or an economic downturn. You can also use it for different types of investments. Once you build up a bit of a nest egg in this Fire Extinguisher account, you can start using some of the money to invest in stocks and shares, or additional properties.

When Scott lost everything, he had a significant amount of money already set aside. That’s why he was able to recover fast even though he lost his house, farm, and business. He put that money towards rebuilding his life. The crucial reason to spend less than you earn is to have the money saved for unpredictable situations like these.

Sometimes it’s not possible to have two accounts with high-interest rates at the same bank, at least not in Australia. If you have to choose, use the higher interest rate account for Fire Extinguisher. You’re most likely to have more money in this than in your Smile account. A good recommendation is to put 20% of your income into the Fire Extinguisher account. That’s what I do. You can adjust it according to your needs.

Step 6: Automate!

Now set up regular automatic payments from Daily Expenses to all the other accounts. You can set these to go out the day after your salary comes in. That way, before you get a chance to spend this money, it will already have gone into other accounts.

Scott recommends setting 10% to be transferred to your Spurge account, 10% to your Smile account, and 20% to your Fire Extinguisher account. These percentages can be different for you, depending on your priorities. Now you can see what’s left in Daily Expenses and how much money you have for your living costs. You will realize it’s not that hard to spend less than you earn.

Let’s Summarize!

So let’s summarize the 6 steps. Step 1, find a way to save $2,000 and put that in a separate bank account called Mojo.

Step 2, find a way to live on 60% of your income by earning more and/or spending less

Step 3, find a bank account that has no fees, and this may well be an online bank.

Step 4, open 2 current accounts. One called Daily Expenses. This is where your salary goes in, and this is where your expenses go out. The second current account is called Splurge. This one is for your guilt-free expenses. Make sure you have a debit card for both of these accounts to track your spending.

Step 5, open two high-interest accounts. One is going to be called Smile. It’s for your holidays and other things that take a few months to save up for. The other one’s going to be called Fire Extinguisher, which is for your longer-term financial fires. It could be for paying off debt, saving up for a down payment for a house, or just putting towards unexpected costs in the future.

Step 6, automate to make the whole process easier.

My Results

I’ve been doing the barefoot investor process for three months now. While doing it, I’ve been able to save an extra $500 into my long-term savings. And that’s been relatively easy. I’ve been able to do it while enjoying my life pretty much at the same level as before. I’ve just been a bit more aware of what I’m spending money on. So I find this very useful. It’s helping me feel more confident now about my longer-term financial future.

So, I highly recommend that you check out The Barefoot Investor by Scott Pape. I ‘m sure you’ll find it extremely valuable, especially if you’re in Australia. The examples are Australian based, but if you live in another country, the principles are the same. You’ll just need to do a bit of your own research to find the best banks and policies for things like insurance.

You’ll soon realize that it’s very possible to spend less than you earn and still live a happy and fulfilled life. You will be amazed by the results!

If you enjoyed reading this article and found it useful, please leave a comment or question below.  I would love to hear what you think!   Please also click on the stars below to rate this post. Also, feel free to share this article with other people or on social media.

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Paul

At certain points in our lives, we strongly feel the need to make some changes. What would you like to change in your life right now? What would make a significant difference for you? What would improve your lifestyle? Maybe, getting a great new job. Or, a change in your career. Perhaps, falling in love or losing 20kg or 45lb. Maybe, overcoming anxiety or depression.

Whatever it is for you, I’m going to share with you a process that will help you significantly change your life in 100 days or less.

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How I Have Changed My Life in 100 Days

Reflecting on my life, I’ve noticed that I am pretty good at making significant life changes in 100 days or less. My first life change happened when I went to university. At school, I was a quiet, shy kid. I had a couple of friends. I didn’t do the social things that most people my age were doing.

Then, the time came to go to university. Since it was located in another city, I had to move. I saw that as a wonderful opportunity! I was going to be in a different place with entirely new people. So, I decided to change my life. I was determined to become a more confident, extrovert, and sociable person. During my first 100 days at university, I changed a lot as a person. I really came out of my shell.

Then in my late 20s, I went from being single with no dates to regular dating and meeting my wife. Then from a boring job at London Underground to becoming a software trainer in a top 10 law firm.

A few years later, I moved from London to Sydney and achieved this in 100 days as well.

More recently, setting up my hypnotherapy practice was part of a 100-day challenge. In another 100-day challenge, I launched my Self Help for Life website, YouTube channel and Podcast.

Intense Desire and a Plan

In all of these significant life changes that I did in 100 days or less, there were always two things present. First of all, an intense desire. I really wanted that change to happen. And secondly, a plan. I had a detailed and worked out plan.

So, do you want to change your life in 100 days or less but don’t know where to start? If so, keep reading.  I will lead you through a process that will help you achieve your goals in 100 days or less.

The Initial Steps – Setting Yourself Up for Success

1. Set Clear Goals

Get clear on what you’re aiming for. Is it a change of career or an increase in income? Is it falling in love or losing weight?

Ensure that you set a SMART Goal.  SMART stands for Specific, Measurable, Attainable, Realistic and Time-bound.  Click here to learn more about setting SMART goals.

My Change of Career Challenge

Here is an example from my own life. Back in 2000, I wanted to change my career and become an IT trainer. I didn’t have any training qualifications at the time, just a little bit of experience. I could get a qualification, but that required time and money. My goal was to get a job as an IT trainer within 3 months without getting a qualification. It was a very specific goal.

Within 3 months, I did get a job as an IT trainer in one of the top 10 law firms. I had to take a bit of a salary drop, but I didn’t mind. Enjoyment, fulfillment, and satisfaction were much more important to me. Because I enjoyed the job, I got very good at it. So within 3 years, I moved to another law firm, and I got a better salary.

When you change your career to start doing something you enjoy, you get enthusiastic. That enthusiasm helps you provide a lot more value. Consequently, you get rewarded financially for that.

Phrase Your Goals as Affirmations

I find it very helpful to phrase my goals as affirmations. For example, I will easily lose 20kg or 45lb, I will easily increase my confidence, or I will easily find a new job. Repeat them every day. If you want to learn more about goal setting, check my article on how to set and achieve your goals.

2. Set Specific Non-negotiable Deadlines

To change your life in 100 days, you need to know what your goal is and then decide when you’re going to achieve it. In this case, its within 100 days.

You might also want to set some deadlines for smaller tasks you need to do to achieve that goal. Deadlines are very important because they spur you into action. Think back to the exams and assignments at school and how they motivated you to study. We also have deadlines at work. We do our best to achieve those deadlines because we don’t want to let people down. So, it’s essential to set your own non-negotiable deadlines.

Deadlines Spur You into Action

Here is an example of how a deadline spurred me into action. In 2009, my wife and I decided to move from London, UK to Sydney, Australia. I resigned from my job in London. I had to give 3-month’s notice, so that kicked off the process.

Then there were other things to do. I wanted to get a job in Sydney before we got there. We had to get rid of all the things that we didn’t want to take to Australia. We also had the ultimate deadline – the flight we booked for Sydney.

We set a date to move out of our apartment in London that we linked to that ultimate deadline. We had to have everything shipped by that time. When I look back, it’s just amazing how much we got done. Those deadlines spurred us into action.

3. Know Your Why

Get clear on your Why. Why do you want to achieve that goal? What’s the benefit? Having more money? Finding love? Or, maybe gaining confidence?

When I changed my job and became an IT trainer, my Why was clear. I wanted a job that would be satisfying, fulfilling, and enjoyable. Think about the reasons you want to achieve your goals.

4. Create an Action Plan

We know the What, the When, and the Why. Now let’s focus on the How.

Brainstorm!

First of all, brainstorm all the different things you can do to achieve this goal. Write everything down, however bizarre or weird it seems to be. Once you’ve done that, decide on the action steps that look realistic. Then work out which steps to do when.

What action steps can you complete in the first 20 days, then 40, 60, 80, and finally – 100 days. This will be your roadmap of what you need to do to change your life in 100 days.

Brainstorming My Hypnotherapy Business

My first brainstorming for my hypnotherapy business was during my hypnotherapy training. I did this together with my group. We all jotted down the things that we would need to do to get our business off the ground. After that, we worked out the most important things. I realized I needed to find a consulting room and get a business bank account. I also had to get my professional membership with the Australian Hypnotherapists Association. And I needed to create a website and do some advertising. For all these goals, I set up deadlines or final dates to achieve them.

I now had my road map. Apart from making my 100-day challenge easier, it also helped me check my progress. I could easily see whether I was on or off track.

5. Decide and Commit

The next initial step is to decide when you’re going to work on achieving your goals. Set aside time and stick to it. Maybe, early in the morning before you do anything else. Perhaps a couple of hours in the evening. I have personally always found mornings to be the best time. I love the feeling of getting things done before breakfast or before going to work.

The important thing is that you’re consistent. You should work on your goal 6 days a week for at least 30 minutes. Ideally, it should be more if you want to get the very best results. Remember that this is a life-changing goal. So you want to make it a priority in your life.

6. Accountability

Find a Mentor

It’s much harder to miss a goal when someone else knows about it. It could be a professional, like a coach, mentor, or a personal trainer. Professionals know how to motivate you and inspire you. They can see your blind spots and teach you crucial things. Most importantly, they can hold you accountable.

If you’d like me to be your coach or mentor, then go here to find further details.

Find an Accountability Buddy

The other option is to find a friend that you can be accountable to. Pick the right friend, someone who believes in you. But who can also hold you accountable, follow up on you and make sure you’re making progress.

Post on Social Media

You can also put your goals and your action plans on social media. Then, they’re out there for the whole world or your followers to check up on you and make sure you’re accountable.

Let’s recap. We’ve set a clear goal, we’ve set our non-negotiable deadlines, we’ve created an action plan. We decided when we’re going to commit and take action on this goal, and we’ve got some accountability. Let’s move on to the weekly steps.

Your Weekly Steps To Success

1. Create a List of Weekly Tasks

What are the things you need to do this week to get closer to achieving your goal? Create weekly tasks that will help you change your life in 100 days. These tasks should be things that are under your control. For example, if you’re looking for a new job, it could be to send off your CV or resume to 10 companies. It could be to run or walk for 30 minutes, 5 times a week, if you’re trying to lose weight.

I usually set these weekly tasks on a Sunday. I keep it really simple. I make a to-do list in Evernote. One of my current 100-day challenge goals has been to have a greater balance in life. So some of my weekly tasks have included getting in touch and meeting up with 1 friend per week. The other is doing weight training 3 times a week. Also, doing some self-development or a morning ritual, 4 times a week, for 30 minutes.

2. After-Action Review

The next weekly task is to do an after-action review. The first part of this review is to score yourself. 1 is not productive, 2 is poor, 3 is average, 4 is good, and 5 is exceptional. It’s a bit like doing a school report, except you are both the teacher and the student.

Next, write down all the things that you achieved that week. Write down your actions, strategies, and lucky breaks that led you to success. Then identify the actions, attitudes, and obstacles that negatively affected your progress. Once you’ve done that, come up with your future actions. You now know what didn’t go so well last week. What are you going to do next week to get back on track based on that?

I believe that the weekly after-action review is crucial to your success in changing your life in 100 days. It will prevent you from going down a rabbit hole, which is doing a task for far longer than you need to. Or even worse, doing a task that is not helping you towards your goal. The after-action review enables you to identify what’s working and what’s not working.

I do this religiously every week now. After recent weekly after-action reviews, I have identified that I’m super consistent and focused on creating content for Self Help for Life. But also that I’m spending very little time on my own self-development.

3. Check-in with Your Accountability Buddy or on Social Media

If you have an accountability buddy, a mentor, or a coach, send them your after-action review. Ask for their input. Or, post it on social media. It’s important for two reasons.

Firstly, it makes sure you do the after-action review in the first place. You’re accountable for doing that. And secondly, it allows you to explain to someone else where you came up short and how you’re going to change that.

4. Celebrate Your Wins!

Your final weekly task is to celebrate. Remember that what gets rewarded gets repeated. So, celebrate what you did well and give yourself a little treat. That will inspire and motivate you to achieve even bigger things in the next week.

Your Daily Steps to Success

There are some things you will want to do every day to change your life in 100 days. The first thing, ideally as soon as you get out of bed, is to spend 15 minutes getting inspired, motivated, and educated. Watch a motivating video, listen to a motivating podcast, or read a few pages of a self-help book. You need to feel motivated. You need the inspiration to take action. You also need education to know what to do. It’s essential to have a success mindset. Remember that if you want to achieve something amazing in 100 days or less, you can no longer do what you used to do. You’ll need to develop different attitudes, skills, and behaviors to what you normally do.

1. Review the 100-day Challenge Goal

One of the initial steps you did right at the start was to set a SMART goal. You need to review that goal, read it out, read it out loud if you can, maybe even write it down. Make sure to review it every day. Also, examine the tasks and actions you did the day before. Think about what you achieved yesterday and what you didn’t achieve?

2. Review Your Weekly Action Plan

The action plan consists of tasks that you set after you did your after-action review. Decide what you’re going to do today. Write it down as a to-do list. I usually do this in Evernote. You’re going to end up with a list of things that you will commit to doing today. That’s very important. Don’t write too much down on that list. You want to be confident that you can do all those things today.

3. Take Action!

Make sure that you accomplish all the tasks that you set yourself for the day. Dedicate at least 30 minutes every day to these tasks, ideally a lot more. But if you can commit to a minimum of 30 minutes, that will keep the goal in your mind. There will be days when you won’t feel like taking action. I have days like that. I’m sure you do, too. The key here is – to just do it, to get the work done. That will lead to the feeling that you want it. Remember that the alignment with your goals is much more important than how you feel at the moment.

Ready to Make a Change in Your Life in 100 days?

These are the most important steps you have to do to change your life in 100 days. If you are determined to make a huge change in the next 100 days, check out the 100-day challenge. I’ve been doing the 100-day challenge now for the fourth time. This time I doubled the number of hypnotherapy clients that I see weekly. I highly recommend and really believe in this program!

I hope you are now ready to change your life in 100 days. Follow the steps, be determined, and keep going! If you need any help, feel free to reach out to me. Good luck!

If you enjoyed reading this article and found it useful, please leave a comment or question below.  I would love to hear what you think!   Please also click on the stars below to rate this post. Also, feel free to share this article with other people or on social media.

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Paul

If you want success, it’s essential to have a burning desire. All success gurus out there will tell you that. And they are right! But what if you don’t have it? Very few of them will show you how to develop it.

Can you Develop a Desire for Success if you don’t have it?

This has bugged me for years. I was determined to find out whether a desire for success was a learnable skill or not. I discovered two things. Firstly, yes, it is a learnable skill. Secondly, you need to fuel that burning desire. All successful people are adding fuel to their desire to keep it burning, whether it’s consciously or unconsciously.

When you come up with a new idea, you naturally get that burning desire. Maybe you want to lose weight or gain muscle. Or you are ready for a new career or business direction. It’s exciting because it’s new, and you have that initial inspiration. You enjoy the learning side of it.

Over time, it starts to fade. If you want to continue, you’ve got to keep that desire burning. Why does that happen? Because eventually, you’re going to hit some obstacles. If you don’t have enough passion, those obstacles will cause you to quit. Or, be inconsistent with the activity necessary to achieve success.

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What is a Desire for Success?

A burning desire for success is a 100% commitment to achieving the goal. It’s going from hoping to knowing. It’s when you want it so badly that quitting is not an option. It’s when you will do whatever it takes to achieve it. You will find a way or make a way. In your mind, you already see that goal happening. It’s a continual creative drive. Ask yourself now, am I really driven towards the goal that I want to achieve?

I’m now going to cover the 7 best ways to create a burning desire for success. This will help you achieve your goals and the life of your dreams.

1. Have a Very Specific Goal and Action Plan

To come up with a really specific goal, ask yourself the following questions:

  • What do I want to achieve?
  • When do I want to achieve it?
  • Where do I want to be when I achieve it?
  • Why do I want to achieve it?
  • How am I going to achieve it?
  • With whom am I going to achieve it?

Some of these questions may not be relevant to every goal, but they will help you get really specific. I’ll give you a couple of examples. Let’s say you have an online business. Your goal is to make $5,000 a month of passive income. You can commit to it 20 hours a week. You want to achieve it by the end of 2020. That is a highly specific business goal.

For a weight-loss example, it could be how much weight you want to lose. Specifically, how much body fat or what body fat percentage? Do you also want to gain muscle? When do you want to achieve it? Within the next three months? Or six months?

Whatever the goal, be as specific as you can. But don’t get too perfectionistic. The main thing is that you have a goal. Write it down. Over time, add the details as they become more obvious.

Create a Plan

You’ve set the goal. Now you need to create a plan. You may not know how you’re going to achieve that goal right away. Just start with some steps. Your plan doesn’t have to be too precise. You can develop it over time, but it’s essential to have a game plan.

People that have a strong desire for success are always setting goals and creating plans. The more specific your goals and plans are, the higher your desire will be. Keep developing the plan over time and notice how the desire for success increases.

2. Focus on Your Goals Daily

You need fuel to keep the fire burning. Review your goals every day. That will keep fueling your burning desire. Successful people do this, consciously or unconsciously.

Think about falling in love. What’s it like? You’re constantly thinking about that other person. The more you think about that person, the more you feel love. That feeling gets stronger and stronger. You feel the burning desire.

People stay in love because they keep thinking about that person for years and decades. Sometimes people seem to fall out of love because they stop thinking about that person. They stop caring. If you’ve ever been in love, you can use that experience to achieve that burning desire in other areas of your life.

How to focus on your goals

The simplest way to focus is to read your goals out loud. Or, to create and read positive affirmations that are relevant to your goals.

Another great way is to visualize having achieved the goal in great detail. Details are very important. Make the image bright, vivid, and colorful. If you can, make it in 3 dimensions, panoramic, and animated. Make sure that you’re visualizing through your own eyes, not seeing yourself in the image. You could listen to inspiring music while you’re doing that to add an extra effect to it.

You could use a vision board. Have a board and post images of your goals. Look at that daily. You could put screensavers on your computer or your mobile phone. These are all great ways.

Whatever you do, the key thing is to incorporate feelings. That’s important because your subconscious mind really picks up on feelings. This will help your unconscious mind start believing you’ve already achieved that goal. Feelings are super important. Make sure you incorporate feelings when you focus on your goals daily.

3. Know What You’re Willing to Give or Sacrifice

You might need to give your time, effort, or money. Maybe you’ll have to study or learn how to achieve your goal. Perhaps, you’ll need to let go or give up a few things, such as time with friends or nights in front of the TV. You must know what you’re willing to give up or sacrifice.

If it’s a business goal, focus on what you’re going to give to other people. The more value you can give to other people, the more successful you’ll be in the long term. This is a good one because it can get you out of your own head. If you think more about how to help other people, you’ll focus less on the time and effort that you’re putting into it.

4. Take Immediate Action

I have found this to be very important. When I’m taking action consistently, I continue to fuel that desire for success. When I take a few days off, I start to see doubts coming into my mind. My desire seems to reduce, and I feel less motivated.

So, if you have a new goal, ask yourself, what is the first obvious step? What’s the first obvious thing you need to do? Here are some examples. If you want an online business, the first obvious step would be to buy a domain name for your website. If you’re looking to lose weight, the first obvious step would be to go into the fridge and clear out all the junk food. If you want to change your career, the first obvious step would be to update your CV or resume. Or research some courses that could help you gain new skills.

You could spend 3 or 4 hours coming up with a grand plan for achieving your goal. Instead, I recommend that you perform or act on the very first step. Do that and then make a plan. That will help you create and maintain that burning desire.

5. Make the Pleasure Outweigh the Pain

Focus on the benefits of achieving your goal. Think less about the effort, time, or money involved. Focusing more on pleasure will help you to fuel that desire for success.

When you focus more on the pain and the work involved, you begin to procrastinate. Motivation reduces. You start taking less action. When you take less action, that desire for success starts to fade. So you must keep focusing on the benefits.

6. Replace Negative Energy with Positive Energy

It can be tough to stay motivated and positive when there are lots of negative sources of energy around you. These can include the news. Instead of reading the news or watching it on TV, watch educational programs.

Maybe you have negative people around. Sometimes it’s hard to keep these people out of your life. Especially if they’re family or close friends. What you can do is try to minimize their influence as much as you can.

For some people, watching horror movies or reading horror books can lead to a negative state. If that’s the case with you, avoid that for a while.

Also, simple things like having a clean and tidy desk with no distractions could be helpful. Or, laughing more. Watch funny programs on TV or funny YouTube videos. Get that nice positive feeling.

Think about this. Are you achieving things to be happy, or are you happily achieving? This idea comes from Steve Pavlina. Most people feel that they must achieve things to be happy. For example, I will be happy when I leave college, get married, become a senior manager or buy a house. But what would it be like to be happy during the process? To be happily achieving rather than achieving to be happy.

7. Burn the Boats!

If all else fails, use this method to create a burning desire. What does “burn the boats” mean? Let me give you a little bit of history.

Back in 1519, Hernan Cortes led 600 Spaniards in 11 boats to Mexico. His goal was to capture the magnificent treasure that was believed to be in Mexico. Upon arrival, Cortes ordered the ships to be burnt and destroyed. Why did he do that? Because it meant that he and all his troops were going to win or perish. They had a much higher burning desire to win because their whole life was at stake. Two years later, they conquered Mexico.

A point of no return

So the story about the burning boats represents a point of no return. It’s a psychological commitment. You have crossed a line, and you’re never going back. In today’s modern world, we don’t need to do something as extreme as that. But there are some things that we can do. The trick here is that there’s no hedging. There’s no looking back over your shoulder. Everything, all your thoughts, and efforts are now directed towards achieving your goal. You cannot go back; you’ve crossed that point of no return.

I deliberately left this one to last because it is the hardest one to achieve. I recommend you work on the others first. But, if this is what you need to get yourself going, then do it. Here are some of the ways you can burn your boats in the modern world where it’s not a life-or-death situation.

Make your goals public

You can do this by telling your friends or having an accountability partner. You could post them on social media. That gives a psychological commitment because you’ve told someone else, and they’re accountable. You’re going to feel bad if you fail to achieve your goals because you’re going to have to explain to them why. That is an excellent psychological way of burning your boats.

Write your resignation letter

If you’ve got a business goal and you plan to quit your day job, then you could write a resignation letter. Give it to a friend and get them to post it or email it to your manager on a specific date. That point of no return means you’ve got to be at a stage where you can earn a full-time income by that date.

Place a bet

Here is another way of burning your boats. You could place a bet. You will lose money if you don’t achieve the goal. As there’s money at stake, this is likely to be very effective!

In Conclusion

Doing these 7 things will help you create a greater belief in achieving your dreams. Your faith in your plans will grow stronger. Most importantly, you will create and maintain that burning desire for success. Good luck!

If you enjoyed reading this article and found it useful, please leave a comment or question below.  I would love to hear what you think!   Please also click on the stars below to rate this post. Also, feel free to share this article with other people or on social media.

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Most people think that being rich and being wealthy is the same, but it is not. There is a massive difference.

Rich or Wealthy?

What is being rich? It is having lots of money right now. Earning a six-figure income is typically regarded as being rich.

What is being wealthy? It is having lots of money right now and in the future. Wealthy people can live for months, years, or even decades without working. The reason is, they have achieved financial freedom. They’ve developed residual or passive income sources. Whether they’re working or not, they make money or money comes to them.

When your passive income is greater than your cost of living, you’re financially free. If your cost of living isn’t high, you can achieve financial freedom at a fairly low level of wealth. Robert Kiyosaki points out that the rich have lots of money, but the wealthy don’t worry about money.

Wealth can also be much broader. It can include things like your health, fitness, and family. Or, the quality of your relationships and having a sense of inner peace.

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The Difference Between Rich and Wealthy People

Let’s see what the key differences between rich and wealthy people are.

Celebrity Look vs. Modest Look

Rich people have the celebrity look. They have flash cars, Rolex watches, Gucci belts, designer clothes, and expensive jewelry. They can have all that because they’re making a good income right now. However, that income is temporary because they have no wealth. They’re just giving off the appearance of wealth. That appearance could disappear at any moment. They live from a big paycheck to a big paycheck. Or even worse, that celebrity lifestyle is financed by being in debt.

Wealthy people often have a more modest look. They don’t always go for those fancy things. They would instead save 10, 20, or 30 percent of their earnings. By doing that, they will have more in the future. If a financial crisis happens, like a recession, wealthy people will be in a better position. Why? Because they’ve already built up some money reserves. The crisis would not affect them as much – financially, mentally, or emotionally. They know that they’ve got the financial reserves to get through difficult times.

Less Going Out, More Coming In

If you earn $500,000 a year, and you spend $540,000 a year, are you rich? Well, you might look rich, but I would say you’re not. Why? Because it’s not about how much you earn, it’s about how much you keep. On a month-by-month basis, wealthy people might be earning less. But the crucial thing is that they’re saving a lot more.

Wealthy people usually have a lot less money going out than they have coming in. As a result, they don’t need to worry about money. If a short term expense comes up, they can easily afford it. They’re not spending as much as they’re earning, and they’re building up their wealth over time. Also, if something happens in the economy, they can handle it. They don’t need to worry about that.

Money-Making Knowledge

Rich people have money. Sometimes the way they made that money was a bit of luck. They were just in the right place at the right time. Wealthy people know how to make money. Rich people work for money. Wealthy people know how to make money work for them.

Often, the difference between rich and wealthy comes apparent in a recession. Both the rich and the wealthy can lose money. But, the wealthy have the knowledge. They know how to make money. So they bounce back again. There are so many examples of wealthy people that have bounced back from recessions. They knew how to make that money back again.

Is It Sustainable?

How sustainable is their money? Is it easy or hard to lose it? If you think of Bill Gates, he has so much wealth that it would be extremely hard for him to lose it. So a wealthy person has sustainable wealth.

Compare that to a rich person, for example, rich celebrities. They have lots of money now, but there’s no guarantee they’re going to have that money in the future. What if they lose their popularity? What if someone else comes along who’s more liked than they are? Or, more successful than they are?

These celebrities, even if they are successful for a while, often have a fear that they could lose it all in the future. They have that fear of losing, and they’re only rich until the money dries up. That’s often in the back of their minds. Sustainability is a crucial difference between rich and wealthy people.

Active vs. Passive Income

What is an active income? An active income is where you trade your time for money. People working a conventional job are earning an active income. Many self-employed people – like therapists, plumbers, electricians, or personal trainers – earn an active income as well. They’re providing a service, and they get paid for it.

What’s a passive income? With passive income, money is not related to your time and effort. A good source of passive income is earnings from interest on savings. Or, dividends from shares. These are excellent forms of passive income. If you write a book and get royalties from it, that’s a passive income. Or, you can buy a property and have tenants that are paying you rent. You get money from those tenants. It doesn’t matter whether you work or not, you’re getting that rental income.

Quite a lot of people make passive income through an online business. They create products that they sell online. There’s a bit of effort involved in creating the product. But once it’s done, sales come through even when they’re asleep. That’s a key difference. A passive income is a way of making money that isn’t dependent or utterly dependent on your time and effort. It means that you can take a break for a month or two, and that money will still come in.

It’s More Than Money

Rich people tend to focus on money too much. They could be working extremely long hours to make that money. Think about people like stockbrokers, lawyers, and doctors. They are rich, but they could be working 50, 60, maybe even 70 hours a week to sustain their rich lifestyle.

Wealthy people value time. Time is often the most important thing for them.

They also value friendship. That’s very important to them, too. They’re the kind of people that will help you out if needed. There’s a great saying that is “your network is your net worth”. Wealthy people are aware of the value of networks, friends, and family. This is a key difference between rich and wealthy people.

Assets vs. Liabilities

Liabilities cost money to maintain or fix them. Assets don’t. That’s the crucial difference. Examples of assets are stocks and shares or interest on a bank account. A lot of people think that a house is an asset, but it’s not. A house needs maintenance. You could buy a house for $100,000, do it up, and sell it for $200,000. That would seem like a good investment.

But, don’t forget the cost of the work involved. Unexpected costs, like leaks or roof repairs, can happen. You might still make a profit when sold, but it’s still a liability, not an asset until you sell it. You need to put money into it. There’s always a risk that you’ll need to put some money into it in the future. You have to be prepared for that.

Social Media Fascination

Wealthy people are less preoccupied with social media than rich people. I’m sure you’ve experienced this. You’ve seen someone’s new car on Facebook or exotic holiday photos on Instagram. The problem with social media is that it distorts reality. You only see the highlights of someone’s life.

It’s almost like it’s the opposite of the news. The news tells you all the bad stuff that’s going on in the world. Social media shows you all the great stuff that’s happening to other people. This can really distort reality.

What I recommend with social media is that you take it with a pinch of salt. Don’t let what other people are doing on social media distract you from your own financial goals. You can see other people traveling, having beautiful houses, or having kids in private schools. Think if they can really afford that. Are they just living paycheck to paycheck? Or, even worse, borrowing money to achieve that lifestyle?

Nothing Is More Valuable Than Freedom

You now know the difference between rich and wealthy people. Think about what being wealthy means to you. Could it be time with your family and friends? Could it be some time just for you? Perhaps, owning your own home? Maybe, having a cleaner? Or, being able to travel a lot more, and having the time to do it.

I’ll finish off with a few points from the book Simple Path to Wealth by J. L. Collins. Spend less than you earn and invest the difference. Avoid debt at all costs. Money can buy you many things, but nothing is more valuable than your freedom. So ultimately, having money will set you free. When you can live on four percent of your investments per year, you are truly financially independent.

If you enjoyed reading this article and found it useful, please leave a comment or question below.  I would love to hear what you think!   Please also click on the stars below to rate this post. Also, feel free to share this article with other people or on social media.

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In this article, you are going to discover the powerful connection between the reticular activating system and goals. You will then learn 8 fantastic ways to use your reticular activating system to achieve your goals.

We continually get bombarded with information that stimulates our brain. This is why your reticular activating system and goals must be aligned so that you notice the abundance of opportunities that will help you get ahead.

Once you understand the key connections between your reticular activating system and goals, you will be using both your conscious and unconscious mind in harmony. This makes achieving any goal much easier and requires less conscious effort.

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What is the Reticular Activating System?

According to Tech 21century.com, we receive the equivalent of 34 gigabytes of information every day. That’s a huge amount of information and is increasing year by year. The influence of technology, social media, and our very interconnected world constantly bombards us with information to respond to.

If you put 34 gigabytes of information onto your laptop every day for a week, it would become overloaded! Same with us humans!

So to prevent us from being overloaded, we have the reticular activating system (RAS), and this acts as the gatekeeper. It takes in the 34 gigabytes of information that come from our 5 senses. It then filters out the unnecessary from the important. The reticular activating system decides which information to pay attention to and what can be ignored. A staggering 99% of all sensory input is ignored by the conscious mind.

Your subconscious mind will pick up everything. It’s the reticular activating system that alerts the conscious mind to information that is important. The reticular activating system learns over time and alerts you to the same information on multiple occasions. That’s one of the ways that a habit is formed.

However, our conscious mind is smarter. So if you pay attention to something consciously, your reticular activating system will put it on the more important list. The reticular activating system will then start to unconsciously notice things that are relevant to what you are paying attention to.

It’s for this reason that the reticular activating system is super important for goal setting. It plays a key role when you focus on what you want. It’s also important for sustaining life, and I’ll cover this in a moment.

Examples of the Reticular Activating System in Action

Here are some examples of the reticular activating system in action.

  • You buy a new car and then notice other people driving the same car. Why? Because the model of your new car is now unconsciously on your important list. Your reticular activating system notices other people that also have the same car.
  • You are a pregnant woman, and you notice other women who are pregnant because this is now on your important list.
  • As you learn a new word, perhaps some technical jargon or abbreviation, you start to hear other people saying that word a lot.
  • You are at a party with lots of noise. Whilst in a conversation, someone shouts your name. You hear your name through all the background noise. Why? Because your unconscious mind knows that your name is important and it picks that up.
  • When your baby coughs or cries at night, your reticular activating system will wake you up from deep sleep to attend to the baby. That’s because one of the functions of your reticular activating system is sustaining life.

Your reticular activating system will also help you focus on one thing as well if that’s seen as important. Let’s say that you’re completely engrossed in a soccer match or a movie. Your reticular activating system will not bring other things into your conscious awareness unless they are more important than the soccer match or movie.

Reticular Activating System and Goals

Your reticular activating system is the mechanism in your brain that helps make goals happen. With conscious direction (such as writing down goals and focusing on what you want) you begin to attract people, things, places, situations and opportunities into your life.

Here are some examples of this happening.

  • You have decided to eat clean and healthily so that you can increase your energy and lose weight. You start flipping through the pages of a magazine and your reticular activating system unconsciously spots a relevant article or recipe that will help you. If you had tried to do that consciously, would you have found it? Probably not.
  • You’re trying to solve a technical problem on your computer. You take a break and start mindlessly surfing the internet. Suddenly an article appears in the search results with the solution.
  • You are a bystander at a party and you overhear a conversation that is highly relevant to the new career goal or job that you have been focussing on and aspiring to attain.
  • Someone says something directly to you and you have an “a-ha” moment because it’s just what you need to hear at the time. You might have heard the same advice many times before, but at this moment, it was important, so you picked it up.

So with all the above examples, the answer was always there. You just didn’t notice it until now.

Have you ever wondered why comedians find jokes in the most bizarre and mundane of situations? Well, a comedian’s reticular activating system is always looking for something that will be great material for a joke and for the funny side of any situation.

To summarize, your reticular activating system is super important because it helps bring people, things, places, situations and opportunities into your life based on what you focus on consistently.

When you lack goal clarity and focus, you miss out on opportunities as your reticular activating system has nothing to go on. If the reticular activating system doesn’t see something as important, you will miss out and it will instead focus on the mundane or negative.

This is why it is so important to focus on what you want. When you focus on bills, lack debt and sickness consistently, then a life of abundance, good health, prosperity, and peace will be out of reach for you.

If you desire a life of abundance, good health, prosperity, and peace, then take time to focus on these in detail. This will get your reticular activating system working for you rather than against you. Keep reading to learn the specific steps to unleash the power of your reticular activating system.

How to Use the Reticular Activating System to Your Advantage

So I’m now going to cover some ways to help you use the reticular activating system to your advantage.

1. Use SMART Goals That are Written Down

A smart goal is one that is Specific, Measurable, Attainable, Realistic and Time-bound. I recommend that you follow my step by step process for setting goals. Then write them down in your own handwriting. The reticular activating system will act more effectively with handwritten goals, as opposed to goals that have been typed on the computer.

2. Ask Questions to Make the Goal More Vivid

A great question to ask is “how will I know when I have achieved it?” Taking the time to answer this question will help you get your goal extremely clear in your imagination.

Then ask, “what will I see, hear, or feel?” and “where, when, and with whom do I want it?” These questions will help you bring in places and other people and this also helps to make the goal more vivid.

Now ask “what will achieving this goal do for me?” or “what’s the benefit?“. These questions will help you focus on the benefit and the feeling or emotion of that. Really intensifying the feeling of achieving your desired goal will help impress this more deeply on your reticular activating system.

Now ask, “what am I already doing to move towards this goal?” This will focus your mind on the progress that you are already making. Your reticular activating system will pick up on this as well.

Finally ask “what qualities, skills and emotional states do I need to reach my goal?“. This is a great question! It will encourage your reticular activating system to go looking for the qualities, skills, and emotional states that you need and bring these into your life as well.

3. Keep the Goal or Problem to Solve at the Top of Your Mind

Think about your goal many times a day! Talk about your goals to your family, friends, and colleagues that you trust and that believe in you. Write down your goals and dream about them. The more you do this, the more it will impress on your reticular activating system.

Another great way is to post pictures, charts, or graphs of your goal around your house. Find places where you will often notice them unconsciously. Bathroom mirror, fridge, desk and wardrobe doors are great places. Alternatively, create a vision board and post pictures of your goal on there.

4. Take Consistent Action

Consistent action is important in achieving any goal. However, it helps the reticular activating system as well. When you are taking consistent action, you are also thinking about it consistently. Your reticular activating system will act on this and alert you to new opportunities.

5. Train your Reticular Activating System

I had a client recently that had lots of anxiety in her life. I realized very quickly that she only focussed on the negative things that were happening to her. When I mentioned anything positive, she dismissed it immediately.

I asked her to tell me 5 things that went well for her today. She really struggled and after 5 minutes, we only had 3 things and that was with a lot of prompting from me. Her reticular activating system had become so trained to focus on negative things only. As a result, she found it almost impossible to think of anything that was positive or useful for her. It was like the neural pathway in her brain that looks for good things had almost completely closed down.

Here is a great exercise to help train your reticular activating system to notice positive and useful opportunities for you.

Grab a piece of paper and then set a timer for 5 minutes. Now write down everything that you have achieved in your life so far. This will be easy to start with. Examples could include getting a university degree, falling in love, getting married or buying a house. You can add career and health achievements into the mix as well. What about travel and great friends you’ve made? After 2 or 3 minutes you will start to run out of achievements. Keep going and look for smaller achievements. Keep going for a full 5 minutes writing down everything you can think of.

Once the 5 minutes is up, give yourself a pat on the back. What you will notice is that your reticular activating system will keep thinking of other things that you have achieved after the time is up. That’s because you have begun to train your brain to focus on the good things that you have done in your life so far.

6. Create Positive Affirmations

Positive affirmations force the reticular activating system to kick in automatically. The reticular activating system then adds these items to its important list. This works best when you do the following 3 things:

  • Speak your affirmations out loud.
  • Create affirmations that are very specific to your goals.
  • Feel the positive emotions that you want to experience as well.

Ensure that your affirmations are stated in the positive. For a goal of losing weight, the positive affirmation could be “I am thin, fit and healthy”.

7. Use Visualization

Your reticular activating system cannot distinguish between real events and synthetic or imagined reality. Anything that you can vividly imagine will seem real to your reticular activating system and it will act on it. Your reticular activating system believes whatever message you give it, whether it comes from external life experiences or something you create inside.

Your imagination and subconscious mind love pictures! It’s even better when you include what you can hear (including your internal self-talk), feel, touch and perhaps taste and smell as well.

It’s also important to make the image very large! Imagine that you’re seeing it on an incredibly large cinema screen. Visualize the goal as having already been achieved.

8. Repetition

This is simply doing as many of the above techniques regularly and consistently. Each time you do one of these techniques, you are building a new mental pathway in your brain. This makes it more important to your reticular activating system. Then your reticular activating system can get on and do its job.

So now you have a much clearer idea on how the reticular activating system actually works. You also have some strategies that you can use to start getting the reticular activating system to focus on the people, things, places, situations, and opportunities that will help you achieve your goals.

If you enjoyed reading this article and found it useful, please leave a comment or question below.  I would love to hear what you think!   Please also click on the stars below to rate this post. Also, feel free to share this article with other people or on social media.

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Thank you for reading this article.  I hope you are having a wonderful day!

Paul