October 13, 2016

Defeating the Self-Perpetuating “Truth”

On our team, we talk a lot about limiting beliefs. A limiting belief is anything that you hold to be true—whether that is the case or not—that you then base you actions upon, and often they preclude you from doing what you are capable of or need to do. There is a particularly sinister type of limiting belief that I’ve run up against recently that I’m going to talk about today: The self-perpetuating truth. The self-perpetuating truth is a belief that is only true because you believe it. Or to say it another way: if you didn’t believe it, it […]
October 3, 2016

Wealthy People Buy Assets–And You Should, Too!

I read a quote the other day in an article on a financial website that said simply, “Making money means nothing if you have nothing to show for it!” Do you know anyone like that? Perhaps they make more money than you, and yet they are strapped, stressed, one plumbing problem or flat tire away from serious financial distress? Maybe this describes you, you can’t seem to make enough, you can’t seem to get ahead. You’re stuck in the hamster wheel! The principle is simple: income and wealth are not the same thing. If you know what you’re doing, income […]
June 20, 2016

Change Your Financial Future: Stop Trading Time for Money

In high school, I learned about covalent bonds but not about leveraging and investing. I learned all about the isosceles triangle, but I didn’t learn what an ROI is. (It’s a Return on Investment, by the way.) So today I’d like to offer a foundational principle for those wanting to change their financial future. Maybe you don’t want to repeat your parents’ mistakes. Or maybe you want to replicate what you’ve seen your parents accomplish. Maybe you want to pay cash for your kids’ college, or you want to have the freedom to travel when and where you desire. Whatever […]
March 28, 2016

Beware the Dangers of Quick Riches

In one of the pillars of success literature, Think and Grow Rich, Napoleon Hill states, “Quick riches are more dangerous than poverty.” Perhaps that’s why, according to the New York Daily News, almost 70% of lottery winners end up broke within 7 years. I can tell you whose fault it isn’t: the money. Money doesn’t make you broke. I know many people with a good amount of it, and they’ve managed to not only keep from going broke, but to grow that money, to invest and give generously, to do great things with that tool. One pretty crucial difference between […]
March 16, 2016

How I Know I’ll Be a Millionaire

  It’s an arrogant thing to say. I’m going to be rich. I’m going to be a millionaire. It seems shallow, greedy, perhaps selfish. I recognize, at least, that I’ve been wrongly programmed to think of it that way. Growing up in the Bible belt, I grew comfortable with wrong teachings about money and wealth, any sort of trite generalization to keep me from loving the necessary evil that is money. Life isn’t all about money. Money can’t buy you happiness. The love of money is the root of all evil. Etc, etc, etc. The reality is that money matters. […]