|The Lounge | Champions | The Wire | Schedule | Audio | Arcade | The Top Ten | Historical | Email | Video|
Becoming Rich in Your Own Way
If you really want to become rich, then begin by evaluating your work habits and work environment. That's how most millionaires made their first million. According to Dr. Srully Blotnick, a psychologist and consultant who spent 20 years studying how people became rich, most millionaires didn't make their money in real estate, the stock market, or waiting for their ship to come in.
They made theirs, instead, through their business or profession. They became so good at their job that they made quite a bit of money. Then, and only then, did they turn to real estate and stocks as sites to invest and grow their money. Even then, their basic business continued to produce the bulk of their gains; their investments usually produced only mediocre results by comparison.
There's a monumentally important lesson to be learned from the hundreds of millionaires that Dr. Blotnick studied for 20 years. The lesson is this: If you really want to become rich, invest in yourself first; invest in real estate, stocks, and other ventures later. Dr. Blotnick divided this into two stages:
· The first takes place when you're consumed by a business or profession that you enjoy so much that you would do it for nothing.
· After it pays you enough income, you enter the second stage. This is when you become a bona fide investor. You start thinking of and looking for opportunities to use your surplus income.
To set yourself and your career on track, evaluate yourself by answering these questions about:
liking your work:
· How much do I really like my job?
· Does my job bring out the best in me?
· Has it caused me to do more than I ever thought I could do? If you answered any of these questions in the negative, consider a job or career change.
determining if your work is right for you:
· How can I tell if I really like my work?
· How do I know if I'm doing my work right?
· How do I know if I'm doing the right kind of work?
The best way to determine that is to apply these test questions:
· What would I do for free?
· Am I enjoying my work so much that time seems to fly by?
· How would I like the work to be done if I were on the receiving end?
· What would I do if I didn't have to support myself, but did indeed want to work?
· What work would I do if my doctor told me that I had only five years more to live?
considering my financial rewards:
· Am I contended with my current income?
· Am I in position to influence a change in my income?
· What if the work I enjoy doing doesn't pay very well?
If you're satisfied with the first two, then I say, "Hang in there! You're on your way to becoming rich." People who became rich did so because they persisted. Only a personal involvement with what you enjoy doing will produce the kind of persistence that propels you out of bed in the mornings and makes you willing to work long and hard.
investing in yourself:
· Am I developing my skills, talents, and abilities?
· Have I made a plan that will help me to develop them?
· Am I constantly improving my relationship with others?
· Do I ask my co-workers for feedback about my performance?
Investing in yourself means developing both of these aspects: the technical knowledge you need in order to do your work effectively and the human relations skills you need in order to work effectively with others. Mr. Joseph Brooks, CEO at Lord & Taylor, once said, "If you love your work, and do it well, someone will spot that ... Let the quality of your work do it for you."
Conclusion: To become rich, do it your own way. Rely on your own talents, skills, and abilities. Invest them in a business or profession that you enjoy doing very much. Invest in your personal growth and development. Become the very best at what you do at your work even if it pays you little right now. If you really like what you are doing, eventually a fat salary will catch up with your reputation. The bottomline is persistence. Become an expert at relating well with others.
Remember: When you maximize your potential, everyone wins. When you don't, we all lose.
© Etienne A. Gibbs, MSW
PERMISSION TO REPUBLISH: This article may be republished in ezines, newsletters, and on web sites provided attribution is provided to the author, and it appears with the included copyright, resource box and live web site link. Although advance permission is not required, please notify us at email@example.com when you use this article.
Etienne A. Gibbs, MSW, Management Consultant and Trainer, conducts seminars, lectures, and writes articles on his theme: ... helping you maximize your potential. He offers management, marketing and parenting resources at http://www.maximizingyourpotential.blogspot.com
The magic and motivation of top receiver recruit Kyle Davis from No. 10 Archer - USA TODAY High School Sports
Syria strikes: Top expert questions Tony Abbott's motivation for air strikes ... - Sydney Morning Herald
Yesterday, Today, and Tomorrow
Recently a person attended one of my goal setting seminars with a different kind of focus; I will call him Richie. I had the feeling, as I was leading the group in a goal setting exercise, that Richie had recently traveled this road.
Trust Your Intuition!
How many times have you been faced with a decision to make and all of a sudden you get this feeling of instinctively knowing what you must do? Something inside you is telling you the difference between what you should do and what you are meant to do. Many people interpret this as a hunch, a gut feeling or having an inkling.
4 Barriers to Overcome For Growth
As we begin a new year, it's natural to reflect a bit on what we really want out of the next 12 months. Have you made some resolutions? Have you decided to get in shape? Go for a promotion? Quit smoking? Get your finances in order? Spend more time with your family? All of the above? Whatever your resolutions are, they all boil down to one thing- you want GROWTH! Congratulations! You've taken the first step towards seeing positive results.
Keeping Your Eyes Wide Open: A Letter to a Grandson
One day, a young man was cleaning out his late grandfather's belongings when he came across a bright red envelope. Written on the front were the words, "To my grandson.
Self Confidence : The Importance of Will-Power
The importance of will-power is recognized by most men, yet few deliberately give any time or thought to its development. Why we resist one thing and yield to another may be due to "the strongest motive," but what more particularly concerns us in the study of self-confidence is in what way this mighty power can be built and directed.
Wealth Building: Let The Wealth Building Secrets Of J. Paul Getty Inspire You To Great Achievement
One of the shortcuts to creating wealth is to learn from those who have achieved great wealth.The late John Paul Getty is known as one of the greatest wealthbuilders in American history.
How To Get Through A Bad Day
No matter how hard you try to make them otherwise, some days are just awful. They start off bad, they never get any better, and they end on a low and sometimes even gloomier note.
Courage Is A Gift
"It is not what happens to you, but how you react to it that matters. -Epictetus, the 1st Century Greek PhilosopherCourage is daring to be? Brave.
Motivation By Your Family And Cornermen
The motivation for good or bad which we get from our families is huge. They can either destroy our dreams or help us create them.
Motivation: 5 Powerful Emotions You Can Use
Experiencing strong emotions is not uncommon. What is uncommon is applying these emotions to motivate you to change and grow.
Ready, Set, Action!
James 2: 17?faith by itself, if it is not accompanied by action, is dead. 24You see that a person is justified by what he does and not by faith alone.
Get Things Done: Take 21!
Ever begin doing something that you do for a few days, and then simply stop doing it?For example, let's say you promised yourself that you were going to file papers immediately before they got out of hand, but then something else came up, and the next thing you knew, you had another pile of papers that needed to be filed.Or perhaps, on January 1 you made a vow to yourself to exercise for 20 minutes every day.
Remember, Worse Things Can Happen At Sea, So..... Dont Ever Quit!
Throughout the many pages of scores of motivational books, with the Bible being at the forefront, we are encouraged to "not give up." We are told to believe that we can come through any situation and be victorious in life.
Why are You Living?
It was 4,O'Clock in the morning, my regular time to leave my bed and prepare myself for the day's activities. But today, it was special?some thoughts were troubling the peace of my find.
Where do you want to be in a year? In five years? In ten years? Is what you're doing now -- the way you're living, your friends, your habits, your focus -- Are all of these things moving you in the direction of your goals? How does it look?Are your habits the kinds of habits that the person you're going to be in two years would have? Are your friends or associates, or whatever you call the people you hang out with the types of people the you you're going to be in five years will want to know and be with?What about the things your mind gets hung up on? Your focus. Do you even know what your focus is?If you and I were sitting together right now (and pretend we are) What would your answer be if I asked you where you're going? What are you focused on accomplishing or achieving? You are certainly focused on something.
A Resolution for Excellence
"We are what we repeatedly do. Excellence then, is not an act, but a habit.
When Life Gives You Waves, Learn to S.U.R.F.
Would you like to learn a skill set and technique so powerful that you could learn to recycle every failure, disappointment, setback and discouraging situation into a steppingstone for your success? Would you like to go into every situation with confidence knowing you will have the skills to convert it into an experience with a positive benefit?Imagine skilled and highly trained fighters going into a difficult and scary situation. They don't go looking for it, but when it comes, they are ready and prepared.
How To Beat Procrastination At Work
Listen. If you don´t beat procrastination at work the long term consequences could be serious.
Are You Ready To Make A Strong Finish?
Talk about a strong finish! In their inspiring story of perserverance which ultimately led to great success and victory, the Detroit Shock won their first ever WNBA (Women's National Basketball Association) championship title. USA Today told of their "worst-to-first odyssey" where the team, after winning only nine games in 2002, they finished 2003 with a league-best record and championship title.
Life After Prison - The Road Home, Vanishing Dreams
The basic trauma of being locked inside of a penal institution is often overlooked. The effect this system has on a person is very hard to imagine.
Section Site Map - Submit News - Feedback - Comments - Advertise with Us
Copyright © 2006 Luminati Inc. All rights reserved.