5 5-Minute Habits of The Wealthy and Successful

5 5-Minute Habits of The Wealthy and Successful

It may have taken a while for wealthy and successful individuals to get to their place in life, but it all started with some tiny habits. Money is tied to almost all of our decisions, and it’s those minuscule daily choices that can snowball into big success (or failure). The good news is that you can get started on the track to billionaire status in just five minutes a day. Here’s how to get started: Track your spending The only way to truly build wealth is by investing, and that won’t happen on a larger scale if you don’t know where your paycheck is heading. Think of it like stepping on a scale: it might not be the most fun thing to do, but you have to get a sense of where you are now to move forward and progress. So for just five minutes (most likely even less), you’re going to adopt one of the habits of wealthy by tracking how much money you spend daily and monthly, and whether it’s going towards wants, needs, or your financial future. Once you have a clear sense of this, it’s time to improve – which brings us to our next point: Save (and invest) money like clockwork In terms of financial success, one of the habits of the wealthy you can instantly adopt is to automate your savings. Even if we intend to save our money, we’re only human, and sometimes we forget or spend more money than we realize. However, if you automate your savings, that money is instantly tucked away where it’s harder to spend carelessly, and easier to use for... read more
5 Inspiring Career Tips from Billionaire Entrepreneurs

5 Inspiring Career Tips from Billionaire Entrepreneurs

Whether your job is at a standstill or you’re itching to start the next billion-dollar business, now’s the perfect time to reinvent your career. Take it from self-made billionaires like Oprah and Buffet– it’s never too late or too difficult to reinvent yourself and achieve that success you’ve always dreamed of. To get started, here some of the best nuggets of wisdom that billionaire moguls have used to propel themselves forward. Sprinkle them into your career, and see just how far they take you: “If you’re changing the world, you’re working on important things. You’re excited to get up in the morning.” –-Larry Page Google would not have facilitated today’s need for faster and more convenient access to information if co-founder Larry Page did not get up excited every day until his dream to make Google a household name became a reality. Just like Page, you should realize that the chance to make a positive difference every day can wake you up more than the strongest cup of coffee ever will. Even if you’re not running a company, find that positive change you can make every day to energize and motivate you. If you’re grasping at straws, take those first steps towards finding the job that makes you excited every single day. “The biggest risk is not taking any risk…. In a world that’s changing really quickly, the only strategy that is guaranteed to fail is not taking risks.” –Mark Zuckerberg Facebook would not have been what it is today if Zuckerberg and his colleagues did not have the guts to pursue their idea to connect the world through social media–which back then was not just revolutionary,... read more
5 Expert Salary Negotiation Tips

5 Expert Salary Negotiation Tips

Now that everyone is back from their summer excursions, job hunting season is in full swing. Whether you’re considering a new career, or just trying to get a salary bump in your current position, now’s the time to earn more and finally get your true value. Although it might seem a little scary at first, we have some painless salary negotiation tips that can transform it into an exciting opportunity: Your paycheck isn’t the only benefit on the table One of the most overlooked salary negotiation tips is that your paycheck isn’t the only benefit an employer can offer. Everything from extra vacation days to a company gym membership are also extra perks that you can stretch for. And who couldn’t use more time at the beach or a better workout? The best part: most of these perks are a lot more flexible and negotiable – according to The Muse Career Coach Melony Wilding, “It’s much more attractive for an employer to ‘throw in’ extra PTO days or a work-from-home option rather than boosting the salary offered.” If your potential employer is a little hesitant to tack on all the money you wanted, this is a great way to close the gap towards your true net worth. Get scientific Cold hard facts are hard to dispute. That’s why Glamour recommends getting scientific with your negotiations. There’s a vast sea of information online regarding what similar people are getting paid by industry, location, job title, and skills. So do your homework – be ready to drop figures left and right while justifying your raise or new salary. Using this as one... read more
3 Awesome Ways to Make Your Habits Stick

3 Awesome Ways to Make Your Habits Stick

The internet (and our site!) is chock full of awesome habits that can shift your life towards success. As you probably know, this is easier said than done. When life gets in the way, there are tons of things that can turn our successful habits into occasional wishes. Thankfully, there are some-science backed ways to make your habits stick like glue: Create specific actions. To the successful, a dream isn’t something achieved by deliberating how to reach it, but rather a specific, well-conceived desire that always happens. That’s why the scientific key to creating an iron-clad habit is to state when and where you intend to perform the action. Renowned entrepreneur and habit expert James Clear reports that in a study performed by the British Journal of Health Psychology, people who set an intention by creating an action plan of when and where to work out had a 91 percent success rate in making time for exercise each week. The two other groups, a control group and a group who simply read a motivational pamphlet on the health benefits of exercise, had just 38 and 35 percent success rates, respectively. For example, instead of saying you will be more efficient in your workday, try setting a digital calendar notification for reading your email only in the morning, at noon, and before you go home, and then let it snowball from there. Make a backup plan. As you probably know, it’s almost odd when things go exactly to plan. That’s why you need a backup plan for those inevitable roadblocks. Instead of completely derailing your habit, you’re simply discovering a new way to make it work. For instance, your... read more
5 Attitudes That Will Make you Incredibly Successful

5 Attitudes That Will Make you Incredibly Successful

You could be a finance wiz. You could have that genius idea that makes Einstein turn green with envy. Even so, without the right attitude, you’ll get nowhere. Granted, you probably aren’t a stubborn curmudgeon telling children to get off your lawn. But everyone can benefit from a fresh attitude, one that really drives them forward. So whether your entrepreneurial journey is winding up, cruising right along, or at a dead standstill, take inspiration from these attitudes, and see where they will take you this year. You’ll be amazed at the results. “It’s not too late” Think you need to be young, rich, or on a path of victory to start a successful business? Think again. Look no further than Ray Crock, who at the ripe age of 52, was selling paper cups and milkshake mixers for a living – that is until he went on to found McDonald’s. Lest you think this is just an outlier, take a look at studies by The Kauffman Foundation, which found that most entrepreneurs are 40 years of age on average, and more than 60 percent of them are married and have a child. Realize that no matter what the circumstances are; your age, the amount of money you have, or even if you’re just getting started, there will always be an excuse, but it’s never too late (or to early) to make a positive change.  “I’ll try again” Part of being successful in business is knowing your burn rate and when to say “when”. But an even bigger part is realizing that failure is an often big part of the success equation.... read more
3 Simple Habits That Will Make You Wealthy

3 Simple Habits That Will Make You Wealthy

We’re fascinated by self-made billionaires. We often think of them as mystical creatures that have some secret sauce separating their extreme wealth and success from the rest of us. Although every extraordinarily wealthy person has a different story, the truth is that they’re not that different from everyone else. Many billionaires got to where they are now by instilling some simple money habits that helped them rise to the top, and you can too. Here are some of those simple habits that will make you wealthy: View luxury differently What do Sara Blakely, Oprah Winfrey, and Warren Buffett have in common? Besides being incredibly rich and successful, they all have investment accounts. That’s because they view investing as the biggest luxury in life. They know that paying their future selves and empowering their life goals and dreams is much more of a treat than some new clothing. You don’t have to live the life of a monk, but the next time you get a tax return or have some extra money because you just got a raise, consider this: Is that money better spent at a mall or on your future? They spend differently The truly successful know that having a big paycheck is different than actually being wealthy. They avoid the “golden handcuff” syndrome by not automatically correlating more income with more spending. Even billionaire Warren Buffett lives in a $31,500 house, and Mark Zuckerberg drives a $30,000 Volkswagen GI. Having billions does not mean always buying flashy things, but investing in yourself and your future. Automating money transfers from your checking account to your savings is a... read more
3 Powerful Ways to Eliminate Self-Doubt

3 Powerful Ways to Eliminate Self-Doubt

Whether you’re the President of the United States or someone at her first day of work, self-doubt can sneak up on anyone. When it does, it can make you doubt those fantastic abilities that got you so far already, and throw a wrench in your future success. Even though self-doubt happens to the best of us, the truly successful have found ways to overcome that nagging feeling and continue right on the path to achieve more. Thankfully, many of them have shared how they overcame that self-doubt, and how you can too. Here are some ways to eliminate self-doubt for good: Focus on what you can control Sheryl Sandberg, the COO of Facebook and author of the inspirational book Lean In, gave a great commencement speech at Barnard College about how she was able to eliminate self-doubt. The way she overcame self doubt in the male-dominated tech world is simple, yet powerful: “Let the barriers you face–and there will be barriers–be external, not internal. Fortune does favor the bold, and I promise that you will never know what you’re capable of unless you try.” She wisely suggested focusing on what you can control (like your thoughts), and not doubting the external things that are out of your grasp. By doing this, you can avoid getting paralyzed by doubt over things you cannot change. Own your accomplishments TED Speaker, punk musician and renowned author Amanda Palmer wisely said “When you’re an artist, nobody ever tells you or hits you with the magic wand of legitimacy. You have to hit your own head with your own handmade wand.” Artist or not, the cold hard truth is that people often don’t have time... read more

9 Bad Leadership Habits That Undermine Female Leaders

If you want to be a female leader, there are certain habits that might hold you back, and you probably don’t even notice you’re doing them. Ditch the following bad leadership habits to see you success soar. Question: What is one bad leadership habit you are actively trying to overcome, and why? Doing Things Because I “Should” ELIZABETH SAUNDERS Real Life E® I’m generally good at setting boundaries, but as my business grows, I have to be even more selective. This includes cutting down on things that I sometimes feel I “should” do but aren’t always the best use of my time, such as coffee meetings and responding to unsolicited requests. I still do these, but within bounds that work with my goals. Downplaying My Accomplishments TAMARA NALL The Leading Niche When I speak to customers, vendors, employees or mentees, people have researched my background and often mention my accomplishments during the conversation. Rather than appreciate these acknowledgements, I often downplay them or change the subject. As an entrepreneur,  I’m now trying to sit back and appreciate my success — something that many entrepreneurs don’t often do, but should. Seeing Criticism as a Bad Thing MAREN HOGAN Red Branch Media So many women want to be liked, so we avoid giving criticism that needs to be given. Instead, we send our employees and direct reports out into the world ill-equipped for the criticism they will face when they turn in substandard work. Criticism doesn’t mean tearing people down; it means pruning their skills until they’re better than ever. I try to remove the negative stereotype of criticism every day. Being Too Idealistic SOUNY WEST Collabz I... read more
4 Surefire Ways to Get the Raise You Deserve

4 Surefire Ways to Get the Raise You Deserve

You work hard and smart. You put your nose to the grindstone, and receive showers of praise. Don’t you think your salary should match that? We get it, asking for a raise can seem intimidating. But you shouldn’t let asking for a raise intimidate you; it should empower you! Standing up and getting your true worth, both financially and professionally, is one of the best things you can do for yourself. Here are some surefire ways to get the raise you deserve: Realize you can get it! In a recent Glamour survey, they found only 43 percent of women surveyed had asked for a raise over the course of their careers — but out of those 43 percent, a whopping 75 percent received raises when they asked. Remember, if you’re working hard,  the discussion to get the raise you deserve is something an employer will expect – if you ask for a salary bump the right way, the worst an employer can do is put the discussion on the table for a later time. Make a roadmap Employers want someone who is in it for more than the money, and you want the professional challenges and to get the raise you deserve. That’s why you shouldn’t just ask for a raise; you should make a career road map.  If you aim higher than just money by talking about what you both see in your future for the organization, it’s a win-win for both of you. Liz Ryan, CEO and Founder of Human Workplace, says, “That gives your manager a chance to think about the projects and priorities you’re describing,... read more
5 Easy Tips for Financial Spring Cleaning

5 Easy Tips for Financial Spring Cleaning

Spring has finally sprung, and many of us take time during the warmer weather to dust off the cobwebs and clean up our homes and clutter. While making your house tidy is great, what about your finances? Way more exciting than cleaning the house, this is a way to get empowered financially and achieve your life goals and dreams. You’re already in the mindset of making positive changes, so it’s an excellent time to get your finances in tip-top shape. Take these steps to get started with your financial spring cleaning: Automation time Automating your investment contributions and savings is a great way to clean up your monthly to-do list. By setting up an auto transfer, money can go directly from your paycheck to your savings account or investment account.  That way you don’t have to figure out how much to contribute every month, and you won’t have the temptation to spend that money elsewhere. If you haven’t started setting money aside yet, you should ideally aim to have about 20% of your income allocated towards paying your future self. Zap away debt While you’re spring cleaning, you should also be cleaning up any “dirty debt”.  Any debt with high interest rates (like credit card debt) can have a major impact on your financial future, and will only become a bigger mess if you ignore it. First, you should check through all your accounts, and figure out what you owe and what the interest rates are for them. Then, you should come up with a long-term game plan to wipe out this debt, by tackling the “dirtiest” (highest interest... read more