The human mind has a character flaw that can destroy your financial progress if you don’t control it with discipline. We are attracted to shiny, bright solutions that appear cutting-edge over perfectly suitable, proven alternatives that are boring but well within our grasp. Here’s one boring tool that just plain works. The question is, “Do you want the result or don’t you?”…
What Endurance Athletes Can Teach Us About Building Wealth
Endurance athletes as a group have a higher percentage of wealthy people than the general population. What makes them different? What lessons can you learn from their experience that can be applied to accelerate your financial growth…
The Little-Known Factor That Determines Your Wealth
The secret to building wealth is there are no secrets. Earn more than you spend and invest the difference wisely. The problem isn’t knowing what to do: the problem is getting it done. I’ve been coaching people for more than a decade and have reduced the “getting it done” part down to 8 clear, actionable steps as follows…
How Do You Know If You’re Living In Financial Integrity?
You are living in financial integrity when your daily actions are congruent with your financial plans and the principles that lead to wealth. Why should you care? Because one path results in wealth and the other results in financial mediocrity. For example, you are out of financial integrity if…
How To Play To Win… With Balance
I want to share a story with you from my coaching practice. It comes from a client who is a very successful trial attorney and was embroiled in a bitter legal battle. Now, you may be asking what does a trial attorney’s life as a warrior have to do with me? The truth is we are all warriors whether entrepreneurs, investors… or trial attorneys. We are all fighting our battles to win and this message is relevant for all warriors in pursuit of success – which probably includes you…
How Not To Succeed
Last weekend I enjoyed a 12 mile hike through mountain trails with a good friend. The day was gorgeous, the scenery beautiful and the conversation stimulating. After our hike he told me an amazing story about the unlikely tragedy surrounding his company getting bought out for more than $100 million dollars. It has an important lesson for all of us…
How To Be Successful
Why do some people succeed while others work just as hard but achieve little? As a financial coach this question has fascinated me for more than a decade. I’ve had the privilege to work with a broad range of clients over the years and witness in real time the cause and effect relationships that create success. Surprisingly, most of what is taught about this subject doesn’t work reliably. So when Malcolm Gladwell offered a book claiming to explain what separates success from mediocrity I was all ears. Here is what I learned…
The Parable Of The Mexican Fisherman And Investment Banker
Here’s one of my favorite stories – The Parable of The Mexican Fisherman – that brings much needed perspective to the wealth building game. It is short, fun and packs an important message. After the story you will find some related questions to help plan your own wealth and prosperity…
A Simple Idea For Greater Happiness
Today I’m going to deviate from the usual finance and investment expert stuff. I’ve been experimenting in my own life with a simple, little idea that is providing tremendous results and I wanted to share it with you. Let me illustrate the idea by sharing what happened to me the other night on a date night with my daughter…
Ten Percent Rule To Build Wealth
It takes 80%-90% of your life energy just to break even – maintain status quo. The last 10%-20% is where you build wealth. That is why so few people succeed financially: they stop moving forward after getting 80%-90% of the way there. I was reminded of this lesson during my regular workout in the gym this morning when a personal trainer explained to me…
