13 habits of self-made millionaires, from a man who spent 5 years studying rich people

by Darpan Sachdeva

-Via Business Insider (Kathleen Elkins)

All self-made millionaires had to start somewhere.

Much of their transformation from ordinary to seven-figure status can attributed to “rich habits,” a term coined by Thomas C. Corley, who spent five years researching the daily habits of 177 self-made millionaires.

“From my research, I discovered that daily habits dictate how successful or unsuccessful you will be in life,” he writes in his upcoming book  “Change Your Habits, Change Your Life.” “There is a cause and effect associated with habits. Habits are the cause of wealth, poverty, happiness, sadness, stress, good relationships, bad relationships, good health, or bad health.”

The good news is all habits can be changed, Corley notes. Here are a few “rich habits” of self-made millionaires that you can start developing today

 

1. They read consistently.

 

1. They read consistently.

Bill Gates is an avid reader.Bill Gates Foundation

The rich would rather be educated than entertained. As Corley writes, “Eighty-eight percent of the rich devote thirty minutes or more each day to self-education or self-improvement reading … Most did not read for entertainment … The rich read to acquire or maintain knowledge.”

Corley found that they tend to read three types of books: biographies of successful people, self-help or personal development, and history.

 

2. They exercise.

2. They exercise.

Scott Barbour/Getty Images

“Seventy-six percent of the rich aerobically exercise 30 minutes or more every day,” Corley reports. Aerobic exercise includes anything cardio, such as running, jogging, walking, or biking.

“Cardio is not only good for the body, but it’s good for the brain,” he writes. “It grows the neurons (brain cells) in the brain … Exercise also increases the production of glucose. Glucose is brain fuel. The more fuel you feed your brain, the more it grows and the smarter you become.”

3. They hang out with other successful people.

3. They hang out with other successful people.

Tristan Fewings/Getty

“You are only as successful as those you frequently associate with,” Corley writes. “The rich are always on the lookout for individuals who are goal-oriented, optimistic, enthusiastic, and who have an overall positive mental outlook.”

It’s equally important to avoid negative people and influences, Corley emphasizes: “Negative, destructive criticism will derail you from pursing success.”

 

4. They pursue their own goals.

4. They pursue their own goals.

Spanx founder and self-made billionaire Sara Blakely.Paul Morigi/Getty

“Pursuing your own dreams and goals creates the greatest long-term happiness and results in the greatest accumulation of wealth,” Corley writes.

While too many people make the mistake of chasing someone else’s dream — such as their parents’ — rich people define their own goals and pursue them relentlessly and passionately.

“Passion makes work fun,” writes Corley. “Passion gives you the energy, persistence, and focus needed to overcome failures, mistakes, and rejection.”

5. They get up early.

5. They get up early.

Ryan Pierse/Getty Images

Nearly 50% of the self-made millionaires in Corley’s study woke up at least three hours before their workday actually began.

It’s a strategy to deal with inevitable daily disruptions, such as a meeting that went too long, egregious traffic, or having to pick up your sick kid from school.

“These disruptions have a psychological effect on us. They can drip into our subconscious and eventually form the belief that we have no control over our life,” Corley writes. “Getting up at five in the morning to tackle the top three things you want to accomplish in your day allows you to regain control of your life. It gives you a sense of confidence that you, indeed, direct your life.”


6. They have multiple sources of income.

6. They have multiple sources of income.

Jeff J Mitchell/Getty

“Self-made millionaires do not rely on one singular source of income,” Corley states. “They develop multiple streams. Three seemed to be the magic number in my study … Sixty-five percent had at least three streams of income that they created prior to making their first million dollars.”

Examples of these additional streams are real-estate rentals, stock market investments, and part-ownership in a side business.

7. They find and check in with mentors.

“Finding a mentor puts you on the fast track to wealth accumulation,” Corley writes.

“Success mentors do more than simply influence your life in some positive way,” he continues. “They regularly and actively participate in your success by teaching you what to do and what not to do. They share with you valuable life lessons they learned either from their own mentors or from the school of hard knocks.”

8. They’re positive.

8. They're positive.

Self-made billionaire Mark Cuban.Steve Jennings/Getty Images

“Long-term success is only possible when you have a positive mental outlook,” Corley states. “In my research, positivity was a hallmark of all the self-made millionaires.”

The problem for most people is that they’re completely unaware of their thoughts, positive or negative, he explains: “If you stop to listen to your thoughts, to be aware of them, you’d find most of them are negative. But you only realize you are having these negative thoughts when you force yourself to be aware of them. Awareness is the key.”

9. They don’t follow the herd.

9. They don't follow the herd.

REUTERS/Toby Melville

“We so desire to blend in, to acclimate to society, to be a part of the herd, that we will do almost anything to avoid standing out in a crowd,” Corley writes. Yet “failure to separate yourself from the herd is why most people never achieve success.”

Successful people create their own new herd and then pull others into it, Corley says: “You want to separate yourself from the herd, create your own herd, and then get others to join it.”

10. They have good etiquette.

10. They have good etiquette.

Drew Hallowell/Getty

“Self-made millionaires have mastered certain rules of etiquette principles you have to master if you want to be a success,” Corley writes.

These include sending thank-you notes, acknowledging important life events, such as a wedding or birthday, eating politely and using table manners, and dressing properly for various social events.

11. They help others succeed.

“Helping other success-minded people move forward in achieving their goals and dreams helps you succeed,” Corley writes. “No one realizes success without a team of other success-minded people. The best way to create your team is to offer help to other success-minded people first.”

You don’t want to give help to anyone and everyone, Corley notes: “You want to focus on helping only those who are pursuing success, are optimistic, goal-oriented, positive, and uplifting.”

12. They dedicate 15 to 30 minutes a day to just thinking.

12. They dedicate 15 to 30 minutes a day to just thinking.

Alan Crowhurst / Stringer / Getty Images

“Thinking is key to their success,” Corley observes. The rich tend to think in isolation, in the mornings, and for at least 15 minutes every day.

“They spent time every day brainstorming with themselves about numerous things,” he explains. The topics range from careers and finances to health and charity.

They ask questions such as, “What can I do to make more money? Does my job make me happy? Am I exercising enough? What other charities can I get involved in?”

13. They seek feedback.

 

“Fear of criticism is the reason we do not seek feedback from others,” Corley writes. “But feedback is essential to learning what is working and what isn’t working. Feedback helps you understand if you are on the right track. Feedback criticism, good or bad, is a crucial element for learning and growth.”

Additionally, it allows you to change course and experiment with a new career or business. As Corley says, “Feedback provides you with the information you will need in order to succeed in any venture.”



 

Darpan Sachdeva is the CEO and Founder of Nobel thoughts.com. With a long time passion for Entrepreneurship, Self development & Success, Darpan started his website with the intention of educating and inspiring like-minded people all over the world to always strive for success no matter what their circumstances.To keep going and never get disheartened and learn from every adversity.

 

15 Inspiring Quotes from Mukesh Ambani-The Richest man In India

by Darpan Sachdeva

ambani-reu

Mukesh Dhirubhai Ambani ,a  business magnate who is the chairman, managing director and largest shareholder of Reliance Industries Limited (RIL), a Fortune Global 500 company and India’s second-most valuable company by market value.  RIL deals mainly in refining, petrochemicals, and in the oil and gas sectors. Reliance Retail Ltd., another subsidiary, is the largest retailer in India.

Mukesh Ambani’s networth is 22.3 billion dollars, and as of 2017, he is considered the richest man in all Asia.

In 2015, Ambani was ranked fifth in philanthropy within  India.He is also the owner of the famous Indian cricket franchise,The Mumbai Indians.Millions have been motivated and encouraged by Mukesh Ambani’s motivational thoughts and quotes,most of which have been translated from Hindi to English due to their broad global appeal.

Down below are his famous and most loved quotes on different facets of present day life:

1.Opportunity:

  • Everybody has equal opportunity, and I think that is true for everything –-Mukesh Ambani

2.Growth:

  • I think that our fundamental belief is that for us growth is a way of life and we have to grow at all times. -Mukesh Ambani

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3.Generation:

  • My big advantage was to have my father accept me as first-generation.-Mukesh Ambani.

 

4.Internet And Technology:

  • I am a big believer that technology shapes mankind.-Mukesh Ambani

5.Success:

  • Essentially, whoever is successful, whoever is going to do things that make a difference, is going to be talked about. -Mukesh Ambani

6.Struggle and Hustle:

  • All of us, in a sense, struggle continuously all the time, because we never get what we want. The important thing which I’ve really learned is how do you not give up, because you never succeed in the first attempt. -Mukesh Ambani

7. Bottomline:

  •   You have to manage money. Particularly with market economies. You may have a great product, but if your bottom line goes bust, then that’s it.  – Mukesh Ambani

8.Relationship and Trust:

  •  Relationship and trust this is the bedrock of life. -Mukesh Ambani

9.Entrepreneurship:

  • I don’t think that ambition should not be in the dictionary of entrepreneurs. But our ambition should be realistic. You have to realize that you can’t do everything.-Mukesh Ambani

quote-i-don-t-think-that-ambition-should-not-be-in-the-dictionary-of-entrepreneurs-but-our-mukesh-ambani-121-53-34

  • A third track running that time,apart from academics and fun stuff,was that my father shared with me his passion for business and entrepreneurship from very early on.Even when i was in high school.I used to spend long hours at office on weekends.–Mukesh Ambani

 

10.Potential Consumers:

  • Today i see a billion people as a billion potential consumers.An opportunity to generate value for them and to make a return for myself.-Mukesh Ambani

11.Asia and Africa:

  • If it is Asia today then the African continent can not be far behind.-Mukesh Ambani

12.Life:

  •   I think that our fundamental belief is that for us growth is a way of life and we have to grow at all times.-Mukesh Ambani

13.India and China:

  • China and India will, separately and together, unleash an explosion of demand. –Mukesh Ambani

14.Money

  •  I personally think that money can do very little. And this has been my experience all  across.-Mukesh Ambani

quote-i-personally-think-that-money-can-do-very-little-and-this-has-been-my-experience-all-mukesh-ambani-104-44-14

 

15.Organizational Growth:

  • The organizational architecture is really that a centipede walks on hundred legs and one or two don’t count. So if I lose one or two legs, the process will go on, the organization will go on, the growth will go on. -Mukesh Ambani

quote-the-organizational-architecture-is-really-that-a-centipede-walks-on-hundred-legs-and-mukesh-ambani-53-17-02

  Mukesh Ambani Success Advice:



Blog PhotoDarpan Sachdeva is the CEO and Founder of Nobel thoughts.com. With a long time passion for Entrepreneurship, Self development & Success, Darpan started his website with the intention of educating and inspiring like-minded people all over the world to always strive for success no matter what their circumstances.To keep going and never get disheartened and learn from every adversity.

Considerations for the New Year 2017

by  Darpan Sachdeva

The start of the  new year  is like a start of  new phase in our lives ,a new chapter to start in our life book.This is the time when you do need to take care of your mindset and emotional triggers under control and work upon your affirmations and goals for the year ahead.

Me doing the same have come across the following considerations for the upcoming year and would want to share with you all.I do hope this brings value to  everyone.

1.On Earning:

never-depend-on-single-income-header

Never depend upon a single stream of revenue in these hard economic times.There is always some thing not working fine and errors happening.A multiple  income source shall be a peace of mind.

What can be  a better suggestion than this coming out from the world’s best financial guru and investor Warren Buffet himself.He has lived the life which proves to this fully.

2.On Spending:

1700080-warren-buffett-quote-if-you-buy-things-you-do-not-need-soon-you

If you buy things you do not need,soon you will have to sell things you need.Its just a thought and i do not say you do not buy things that really fancy and motivate you move ahead in life.Of course,there are things on day-to-day basis that we do need but as for the fancy needs,trust me there is no end to it.There is always a step higher.

 

3.On Savings:

save

Do not save  what is left after spending,but spend what is left after saving.This money habit is one that most of us in today’s world are entrapped to and cannot find a way out.The earlier we adopt this,better its going to be for us and the society as a whole in the long run.

4.On taking Risks:

119336-warren-buffett-quote-never-test-the-depth-of-river-with-both-the

Never ever test the depth of a river with both your feet.Now i do not say that one should not be daring and brave but a wise and thoughtful bravery is the way to go.

 

5.On Investment:

eggs

Do not put all your eggs in one basket.Nothing is ever stable in life for long and mess does happens.So far more you have spread out investments wisely ,more safe should you feel as per The finance Supremo “Warren Buffet”

 

6.On expectations:

24021-warren-buffett-quote-honesty-is-a-very-expensive-gift-don-t-expect

Honesty is a very expensive gift.Do not expect it from cheap people.Its one strong feature of humankind that once grown and nourished takes you through a long way,but not so easy to be found in our days sadly.

 

7.On Past:

past-future

Past is waste paper,present is a news paper and future is a question paper.Come out of your past,Control the present and secure the future.The new and achievable lies in front of us in the future.lets work on it.

 

8.When bad things happen in life:

89528-dr-seuss-quote-when-something-bad-happens-you-have-three-choices

When some thing bad happens in life ,you have three choices.You can either let it define you,let it destroy you,or you can let it strengthen you.

As the Stoics would say ,it’s not the event or happening  that is important as much as our perception of event that  controls your behavior towards future.



9.Mistakes:

Male hand holding wooden pencil and delete word "MISTAKE" on the white paper

We use pencils when we were young,but now we use pens.Do you know why?Because mistakes in childhood can easily be erased,unlike now. I do not say we should stop attempting and looking forward in life but to create the same mistakes again and again is not the way to go.

 

Wishing you all a very happy and prosperous new year.Please let me know in the comments below your new year considerations for 2017.



Blog PhotoDarpan Sachdeva is the CEO and Founder of Nobel thoughts.com. With a long time passion for Entrepreneurship, Self development & Success, Darpan started his website with the intention of educating and inspiring like-minded people all over the world to always strive for success no matter what their circumstances.To keep going and never get disheartened and learn from every adversity.

 

 

 

Motivational Advice from the very best for the New year 2017

by Darpan Sachdeva

The video down below  is so full of real time  motivational advice from one of the most successful people   on the planet earth. I am sure this would add value to you all  at this time of new year 2017 stepping at our doorsteps.

Some timeless advice and words of wisdom from incredible people, It is  all about finding different perspectives and viewpoints on success.

I do hope that this would help everyone  setting up goals and prepare for the new year coming.Do share your views in the comments down below if this turns you on set up your goals for the year 2017.

Blog PhotoDarpan Sachdeva is the CEO and Founder of Nobel thoughts.com. With a long time passion for Entrepreneurship, Self development & Success, Darpan started his website with the intention of educating and inspiring like minded people all over the world to always strive for success no matter what their circumstances.To keep going and never get disheartened and learn from every adversity.

 

 

 

11 Highly Recommended Free Resources from Successful Online Entrepreneurs

by Darpan Sachdeva

20150527215911-tools-strategy

There  has been never a better time to start a company and cherish the online businesses.Mobile proliferation has led to a world that is always connected. Moore’s Law is in full effect with computing faster and cheaper than ever before. There are endless free and useful products online that can help build an online business.

Down below are few that are proven as trusted successful tools for the online entrepreneurs.

 

1. HOSTING AND DOMAIN:

The very first things you must purchase are a domain (your www.)and hosting.Hosting and domains are different. Imagine the very start of your business as an empty storefront. Purchasing your domain would be like buying the sign out front, letting people know what your store is called. Your hosting would be like the lease you sign for the actual physical location – now you have the name and the space!

Below is the domain purchasing service successful entrepreneurs recommend and trust::

Godaddy.com                                                                    godaddy                                                             

Below are the 2 hosting services successful entrepreneurs recommend and trust.

:
WP-Engine.com                                                                     wp-engine-2                                        
                                                                                                                           Bluehost.com                                                                        bluehost2        

                                                                                                                                                                                                                                                                                 

2. WEBSITE DESIGN

Now once the store is ready with name and space in place let’s go over the inside design of the store you are creating.If you are building your website on WordPress, which is recommended  for building a blog or a website, that design is called a “theme.” A theme is basically a template that you can install and set up to customize your design, so your website looks and feels exactly how you want it to.The themes  recommended using are XTheme, Thesis.

These themes are available on  Designing websites such as:

designcrowd.com                                                                 design-crowd-2

 

9designs.com                                                                           99-designs-2

 

3. EMAIL HOSTING

You can’t rely on building a business on another platform like Instagram or
Facebook. You need to have control over communication with your followers
and the content you’re sharing.

Below are the most recommended  email hosting services by  successful entrepreneurs:

AWEBER                                                                                        aweber
Email marketing platform

 

INFUSIONSOFT                                                                             infusionsoft
Email marketing platform with advanced
sales funnel capacity

 

4. LIST BUILDING

Having a place to store your email addresses is important, but having a way
to get people onto your email list is equally as important.

Below are a few of favorite tools of successful entrepreneurs to get visitors to their site to opt in to

LEADPAGES                                                                              leadpages2

 

SUMOME LIST BUILDER                                                              sumome-listbuilder

 

Hello Bar Builder                                                                              hello-bar



5. CHECKOUT SYSTEM/PAYMENT MANAGEMENT:

The most common payment managemnet method has been Payapal for many a years  with new more coming up that are also highly recommended by successful entrepreneurs for building up business. Down below are few of the popular ones:

PAYPAL                                                                                           paypal
Manage online payments

SHOPIFY                                                                                         shopify
Everything you need to buy and sell online

 

WEPAY                                                        we-pay
Accept payments online

 

6. SOCIAL MEDIA MARKETING MANAGEMENT:

Even though some platforms, like Facebook and Snapchat, work best if you are live, that doesn’t go for all of them.

HOOTSUITE                                                                      hootsuite                          
The biggest social media management platform

 

CLICK TO TWEET                                                          click-to-tweet             
Get more Twitter shares on your content

 

7. PROJECT MANAGEMENT

Down below are strongly recommededand trusted project managment  tools by successful entrepreneurs:

DROPBOX                                                                                   drop-box
Organize your files on the cloud

 

GOOGLE DRIVE                                                                            google-drive
Collaborate LIVE with documents, spreadsheets,
and slide designs

 

8. PRODUCT CREATION

TEACHABLE                                                                                               teachable
Create and sell your online courses

 

9. SALES, MARKETING, AND BUSINESS TOOLS:

Marketing and Sales are the pillars to a great successful business. These are the top sales and marketing tools that are employed by most successful entrepreneurs for running their business.

GOTOWEBINAR.COM                                                                     gotowebinar
Host live online events

AMAZON S3 HOSTING                                                                 amazonwebservices
Get a simple storage system to host your
.pdf’s online

ZENDESK                                                                                      zendesk
Optimize your customer service with organized
support tickets

 

10. CONTENT CREATION

Content creation is an important part of growing your online business.
Below are  the top ones recommended resources for how to grow and create  mind blowing content:

CANVA                                                                                              canva
Amazingly simple graphic design for bloggers

 

BUZZ SUMO                                                                                     buzzsumo
Find trending topics to talk about that will automatically rank higher on social platforms

 

11.FREE IMAGES

STOCK UP                                                                                         stockup
Free product mockups & templates

 

ALL THE FREE STOCK                                      allthe-freestock
Free stock images, icons, and videos

 

 

Blog PhotoDarpan Sachdeva is the CEO and Founder of Nobel thoughts.com. With a long time passion for Entrepreneurship, Self development & Success, Darpan started his website with the intention of educating and inspiring like minded people all over the world to always strive for success no matter what their circumstances.To keep going and never get disheartened and learn from every adversity.

 

7 steps to get rich, from a 90-year-old book on wealth -The Richest Man in Babylon.

by Darpan Sachdeva

-via Kathleen Elkins,Business Insider

getrichmain

The “secret” to getting rich is not much of a secret at all.

“It is practical. That which one man knows can be taught to others,” George S. Clason writes in his 1926 personal finance classic “The Richest Man in Babylon.

Clason’s collection of parables, based in the ancient city of Babylon, starts with the story of Arkad — the son of a humble merchant, of a large family with no hope of inheritance — who grows to become the richest man in Babylon, thanks to wisdom he sought out from a rich money lender named Algamish.

In hopes of turning his city into the wealthiest in the world, the King of Babylon asks Arkad if he can share the “secret to wealth” with the rest of the city. Arkad complies, and over the course of seven days, teaches a class of 100 men what he calls the “seven cures for a lean purse.”

jpg-get rich1

Save at least 10% of your income

1. ‘Start thy purse to fattening.’

Getting rich all begins with paying yourself first. More specifically, set aside a minimum of 10% of your earnings, Arkad advises: “For every ten coins thou placest within thy purse take out for use but nine. Thy purse will start to fatten at once and its increasing weight will feel good in thy hand and bring satisfaction to they soul.”

Anyone — rich or poor — can put money aside and let it accumulate, Arkad assures his class. You just have to commit to setting aside a minimum of 10%, and you’ll learn to live without it.

Today, it’s even easier to learn to live without a certain chunk of your income, thanks to technology. You can automatically deposit money from your paycheck and checking account into a retirement account, savings account, or other investment vehicle, removing the temptation to spend. If you never see it, you’ll learn to live without it.

“I, too, carried a lean purse and cursed it because there was naught within to satisfy my desires,” the richest man in Babylon explains to his class. “But when I began to take out from my purse but nine parts of ten I put in, it began to fatten. So will thine.”

jpg get rich -2

Live below your means

2. ‘Control thy expenditures.’

The next step is to simply spend less than you earn, which is easier said than done. Our consumer-driven society makes it incredibly easy to overspend — and what’s more, when income increases, people have a tendency to boost their spending. It’s called “lifestyle inflation.”

“What each of us calls our ‘necessary expenses’ will always grow to equal our incomes unless we protest to the contrary,” Arkad explains. “Confuse not the necessary expenses with thy desires.”

To control your expenses, you have to become a conscious spender and recognize where your money is going. A good starting point is to record all of your purchases (whether in a notebook, through an app like Mint, or on an Excel spreadsheet) and analyze your spending patterns.

“Study thoughtfully thy accustomed habits of living,” Arkad says. “Let thy motto be one hundred per cent of appreciated value demanded for each coin spent.” Even if you’re well on your way to accumulating a fortune, the habit of living below your means still applies. There are a surprising number of frugal billionaires who choose to save or give to charity, rather than drop their money on jets, yachts, and mansions.

 

jpg get rich-3

Put your money to work.

3. ‘Make thy gold multiply.’

Once you’ve made a habit out of controlling your expenses and setting aside at least 10% of your income, put that money to work.

“The gold we may retain from our earnings is but the start,” says Arkad. “The earnings it will make shall build our fortunes … Learn to make your treasure work for you. Make it your slave. Make its children and its children’s children work for you.”

Making your money your “slave” is the modern-day equivalent to smart investing through your employer’s 401(k) plan or other retirement accounts, such as a Roth IRA or traditional IRA. Thanks to compound interest, your savings can grow tremendously over time — the trick is to set aside money regularly and to start as early as possible.

“Behold, from my humble earnings I had begotten a hoard of golden slaves, each laboring and earning more gold,” explains Arkad. “As they labored for me, so their children also labored and their children’s children until great was the income from their combined efforts.”

 

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Make smart investments.

4. ‘Guard thy treasures from loss.’

There is always going to be a level of risk involved in investing, which is why it’s crucial to be smart about where you invest your money.

“The first sound principle of investment is security for thy principal,” says Arkad. “Is it wise to be intrigued by larger earnings when thy principal may be lost? I say not. The penalty of risk is probable loss. Study carefully, before parting with thy treasure, each assurance that it may be safely reclaimed. Be not misled by thine own romantic desires to make wealth rapidly.”

Investing is a long term game and the “get rich quick” mindset will only set you back. As legendary investor Warren Buffett likes to say, “It’s pretty easy to get well-to-do slowly. But it’s not easy to get rich quick.”

It can be tricky to figure out the best way to invest your money, but you don’t have to go at it alone. There are financial planners, wealth advisers, and robo-advisers to guide you. There is also an abundance of accessible information out there if you want to be a more hands-on investor. Check out some of our favorite books and podcasts that cover investing basics, strategies, and tips.

“Consult with wise men,” advises Arkad. “Secure the advice of those experienced in the profitable handling of gold. Let their wisdom protect thy treasure from unsafe investments.”




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Invest in a home.

5. ‘Make of thy dwelling a profitable investment.’

I recommend that every man own the roof that sheltereth him and his,” Arkad tells his class on the fifth day. “Nor is it beyond the ability of any well-intentioned man to own his home.”

Today, this topic is heavily debated, and there is no one, universal answer to the buying or renting question — however, Arkad argues that, “to own his own domicile and to have it a place he is proud to care for, putteth confidence in his heart and greater effort behind all his endeavors.”

Of course, before investing in a home, you’ll want to know how much you can afford and be financially prepared for the myriad of hidden costs that come with buying a home.

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Plan ahead for retirement

6. ‘Insure a future income.’

“The life of every man proceedeth from his childhood to his old age,” says Arkad. “Therefore do I say that it behooves a man to make preparations for a suitable income in the days to come, when he is no longer young, and to make preparations for his family should he be no longer with them to comfort and support them.”

Today, we call “the days to come” retirement. Time is your biggest asset when it comes to investing in retirement accounts — thanks to compound interest — so the earlier you can start saving for retirement, the better off you’ll be.

As far as making preparations for your family upon your death, or should you be in some way disabled, we now have insurance policies for these situations that you may want to consider:life, disability, and long-term care.

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Continually self-educate.

7. ‘Increase thy ability to earn.’

“The more of wisdom we know, the more we may earn,” preaches Arkad. “That man who seeks to learn more of his craft shall be richly rewarded.”

Rich people choose to constantly learn and grow — they would rather be educated than entertained, even after they’ve attained incredible success. Take Warren Buffett, for example, who estimates that 80% of his working day is dedicated to reading.

“Cultivate thy own powers, to study and become wiser, to become more skillful, to so act as to respect thyself,” says Arkad. “Thereby shalt thou acquire confidence in thyself to achieve thy carefully considered desires.”

Today — with such a wealth of books, podcasts, and online resources out there — it’s easier than ever to self-educate.



Blog PhotoDarpan Sachdeva is the CEO and Founder of Nobel thoughts.com. With a long time passion for Entrepreneurship, Self development & Success, Darpan started his website with the intention of educating and inspiring like minded people all over the world to always strive for success no matter what their circumstances.To keep going and never get disheartened and learn from every adversity.

Nobleness

by  Darpan Sachdeva

Prince EA

Prince EA is an American Spoken word artist and YouTuber, known for delivering amazing spoken word rhymes over the top of inspirational soundtracks.His You Tube channel is getting lots of popularity and has gained millions of views.The inspirational videos he creates are just amazing and creating a new movement amongst millennial world wide.

He puts up and asks questions in his videos that are usually not asked or not usually answered to. If you want to understand and create an impact on the world and think differently,his viodeos are a must to watch:

Down below you will find 3 of his videos that creates a new path for the humanity towards nobleness and greatness.

1.Why Most People Die Before Age 25:

This video so truly shows us how we in real world put an end to our dreams and aspirations by the time we are 25  and never challenge ourselves towards the life of our real us.The life we would in fact love to lead of true potential and abundance.

He says that life shouldn’t be something that you just get on with. Everyone can relate to this video, and the challenges Prince EA talks about are real for all of us whether we like to admit it or not.
“You will never start this video again with the same perspective you had when you                                                                  clicked play”

 

2.  I Am NOT Black, You are NOT White

This video so immensely change the way we perceive in mind the different races that co-exist in the world. Prince EA has so beautifully showed the analogy of – Our race is nothing more than a model of car but at its core, we are all the same.

He has expressed so beautifully that who we are are is found inside us and not outside.The video is so mind blowing and inspiring .

                    Who would you be if the world never gave you a label?”

 

3.MAN vs EARTH

In the video  below Prince EA so beautifully expresses his point of view on the way we humans  as species have  acted and reacted to the mother earth while we have lived here and how and what we can do to make our stay here a better one.

Only You can do it and time is of essence”





Blog PhotoDarpan Sachdeva is the CEO and Founder of Nobel thoughts.com. With a long time passion for Entrepreneurship, Self development & Success, Darpan started his website with the intention of educating and inspiring like minded people all over the world to always strive for success no matter what their circumstances.To keep going and never get disheartened and learn from every adversity.

 

All time Best 5 Ted talks as per TED Head -Chris Anderson

by Darpan Sachdeva

Chris Anderson,as the Curator of TED has the following five Talks that take the front
place for him when it comes to consuming all the insights TED has to offer,

As the curator of TED, he’s had a front row seat for nearly every presentation or performance that’s graced the event’s stage and he names these five “quirky” picks.

1. David Deutsch: Chemical scum that dream of distant quasars

Legendary scientist David Deutsch puts theoretical physics on the back burner to discuss a more urgent matter: the survival of our species. The first step toward solving global warming, he says, is to admit that we have a problem.

 

2.Clay Shirky: Institutions vs. collaboration.

In this prescient 2005 talk, Clay Shirky shows how closed groups and companies will give way to looser networks where small contributors have big roles and fluid cooperation replaces rigid planning.

 

3. Nancy Etcoff : Happiness and its surprises

Why is Etcoff’s talk, “Happiness and its surprises,” one of Anderson’s all time faves? “This is one of a whole collection of talks on happiness that have really changed my thinking and, um, I think actually made me happier.”

 

 

4. Bryan Stevenson: We need to talk about an injustice

In an engaging and personal talk — with cameo appearances from his grandmother and Rosa Parks — human rights lawyer Bryan Stevenson shares some hard truths about America’s justice system, starting with a massive imbalance along racial lines: a third of the country’s black male population has been incarcerated at some point in their lives. These issues, which are wrapped up in America’s unexamined history, are rarely talked about with this level of candor, insight and persuasiveness.

 

5. Steven Pinker and Rebecca Newberger Goldstein: The long reach of reason

Here’s a TED first: an animated Socratic dialog! In a time when irrationality seems to rule both politics and culture, has reasoned thinking finally lost its power? Watch as psychologist Steven Pinker is gradually, brilliantly persuaded by philosopher Rebecca Newberger Goldstein that reason is actually the key driver of human moral progress, even if its effect sometimes takes generations to unfold. The dialog was recorded live at TED, and animated, in incredible, often hilarious, detail by Cognitive.




 
Blog PhotoDarpan Sachdeva is the CEO and Founder of Nobel thoughts.com. With a long time passion for Entrepreneurship, Self development & Success, Darpan started his website with the intention of educating and inspiring like minded people all over the world to always strive for success no matter what their circumstances.To keep going and never get disheartened and learn from every adversity.

 

 

Motivation in life-The Goldilocks rule

by  Darpan Sachdeva

goldilocks

During the course of daily routines we pick up certain tasks and leave them in between never completing them.Have you ever thought why this happens to almost all of us on daily basis.Whats the reason for this popping up of lack of motivation within us that stops us to go ahead  and live a life of abundance?

Researchers and scientists  have studied motivation for long now and have come to conclusion that human motivation is based on certain parametres.In continuation to this they have proven a  rule also called “Goldilocks Rule  to motivation”.

The Goldilocks Rule states that humans experience peak motivation when working on tasks that are right on the edge of their current abilities. Not too hard. Not too easy. Just right.

Human beings love challenges, but only if they are within the optimal zone of difficulty.
For example, imagine you are playing tennis. If you try to play a serious match against a four-year-old, you will quickly become bored. The match is too easy. On the opposite end of the spectrum, if you try to play a serious match against a professional tennis player like Roger Federer or Serena Williams, you will find yourself demotivated for a different reason. The match is too difficult.

Compare these experiences to playing tennis against someone who is your equal. As the game progresses, you win a few points and you lose a few points. You have a chance of winning the match, but only if you really try. Your focus narrows, distractions fade away, and you find yourself fully invested in the task at hand. The challenge you are facing is “just manageable.” Victory is not guaranteed, but it is possible. Tasks like these, science has found, are the most likely to keep us motivated in the long term.

Tasks that are significantly below your current abilities are boring. Tasks that are significantly beyond your current abilities are discouraging. But tasks that are right on the border of success and failure are incredibly motivating to our human brains. We want nothing more than to master a skill just beyond our current horizon.

Measure Your Progress

measure your goal

Its been said whats is measured is done.
If you want any part of your life to improve ,you have got to put it to some sort of measurable values.This is the boost giver that would enhance you move fully tracked towards your goals. It has to do with achieving that perfect blend of hard work and happiness.

Working on challenges of an optimal level of difficulty has been found to not only be motivating, but also to be a major source of happiness. As psychologist Gilbert Brim put it, “One of the important sources of human happiness is working on tasks at a suitable level of difficulty, neither too hard nor too easy.”

This blend of happiness and peak performance is sometimes referred to as flow, which is what athletes and performers experience when they are “in the zone.” Flow is the mental state you experience when you are so focused on the task at hand that the rest of the world fades away.

In order to reach this state of peak performance, however, you not only need to work on challenges at the right degree of difficulty, but also measure your immediate progress. As psychologist Jonathan Haidt explains, one of the keys to reaching a flow state is that “you get immediate feedback about how you are doing at each step.” The human brain is wired this way.

Two Steps to Motivation as research has shown:

If we want to break down the mystery of how to stay motivated for the long-term, down below would help:

  1. Stick to The Goldilocks Rule and work on tasks of just manageable difficulty.
  2. Measure your progress and receive immediate feedback whenever possible.
 
Wanting to improve your life is easy. Sticking with it is a different story. To stay on a motivated  mode, pick up a task or a challenge that is just within your reach,measure as you progress  and repeat the process.

Here is to your success and being motivated !!!




Blog PhotoDarpan Sachdeva is the CEO and Founder of Nobel thoughts.com. With a long time passion for Entrepreneurship, Self development & Success, Darpan started his website with the intention of educating and inspiring like minded people all over the world to always strive for success no matter what their circumstances.To keep going and never get disheartened and learn from every adversity.

(Video) Shark Tank’s Multi-Millionaire Daymond John on- Thinking Big

by  Darpan Sachdeva

Daymond-John2

The Billion Dollar money making Titan “Daymond John“, is no stranger to living and thinking big . Daymond John sky rocketed his clothing line, “FuBu” from the streets, to the worlds biggest stores with over 4 Billion Dollars in product sales to date.

He is an  entrepreneur, investor, television personality, author and motivational speaker. He is best known as the founder, president, and CEO of FUBU, and appears as an investor on the ABC reality television series Shark Tank.

Daymond is walking proof that you can really be successful if you put your heart and soul into your idea .Watch out the video below  where he speaks so beautifully of how and what made him a successful  person he is today from absolutely scratch.

Daymond John: Total Package Reel – Entrepreneur, TV Star, Fashion Mogul, Motivational Speaker

 

John has written three books, Display of Power, The Brand Within, and The Power of Broke.

Top Quotes from Daymond John:

-“I try to partner up, and strategic partners are way more important than money. I’d rather split a dollar in half with somebody and make way more than go try and learn it myself and lose trying to learn a whole other industry.” – Daymond John

– “RISE &GRIND! Remember the saying: “Everything u want in life is right outside ur comfort zone!” Get uncomfortable 2day! Good luck.” – Daymond John

– “Nothing is impossible; the word itself says ‘I’m possible’!”

– “RISE &GRIND: Remember, most ppl only hate u when they want 2 be you… I LOVE MY HATERS! U should 2! Be a star 2day.”  – Daymond John

– “Rise &Grind! Dont wait 4the “perfect time” u will wait forever, always take advantage of the time ur given &make it “perfect 4 u” GO GET EM!” – Daymond John

– “Rise and Grind! We do today what others won’t 2 achieve 2morrow what others can’t!”




Blog PhotoDarpan Sachdeva is the CEO and Founder of Nobel thoughts.com. With a long time passion for Entrepreneurship, Self development & Success, Darpan started his website with the intention of educating and inspiring like minded people all over the world to always strive for success no matter what their circumstances.To keep going and never get disheartened and learn from every adversity.