The Four Kinds of
Earned Income – Compensation from participation in a
business, including wages, salary, tips, commissions and bonuses.
Residual Income – A rent received on a regular basis, with
little effort required to maintain it. (Examples: royalties;
payments for a product or service that must be renewed on a regular
basis; earnings from internet advertisement on your websites)
Leveraged Income – Income
that you gain by leveraging other peoples' efforts. (Examples:
selling e-products through affiliates; franchising your business to
Passive Income – A
"work a lot upfront, then relax" income. (Examples: pensions;
investing in dividend paying stocks; rental for property)
Quotes about Financial Success
"Money will make you
more of what you already are. If you're not a nice person, money’s going to make
you a despicable individual. If you're a good person, money’s going to make you
a better person."
"When I was young I used to
think that money was the most important thing in life; now that I am old, I know
"It's good to have
money and the things that money can buy, but it's good, too, to make sure you
haven't lost the things that money can't buy."
George H. Lorimer
"The only way you can grow
rich is by enriching others."
~ Matthias Schmelz
the bird's wings with gold and it will never again soar in the sky."
By: Andy Rooney
That money doesn't buy class...
Buffett's Tips for Individual Investors
at stocks as parts of business. Ask yourself, 'How would I feel if
the Stock Exchange was closing tomorrow for the next three years?'
If I am happy owning the stock under that circumstance, I am happy
with the business. That frame of mind is important to investing."...
Do What You Love To Do
If you're not doing exactly what you
love to do, get out now and find something that captivates you.
"I was lucky – I found what
I loved to do early in life," says
Founder of Apple Computers. "Woz and I started Apple in my parents
garage when I was 20. We worked hard, and in 10 years Apple had grown from
just the two of us in a garage into a $2 billion company with over 4000
employees. We had just released our finest creation – the Macintosh – a year
earlier, and I had just turned 30... Sometimes life hits you in the head
with a brick. Don't lose faith. I'm convinced that the only thing that kept
me going was that I loved what I did. You've got to find what you love. And
that is as true for your work as it is for your lovers. Your work is going
to fill a large part of your life, and the only way to be truly satisfied is
to do what you believe is great work. And the only way to do great work is
to love what you do. If you haven't found it yet, keep looking. Don't
settle. As with all matters of the heart, you'll know when you find it. And,
like any great relationship, it just gets better and better as the years
roll on. So keep looking until you find it. Don't settle."...
To High Profits
10 Success Lessons from Facebook's
10 Success Advices from Alibaba's
Decision as the Key to
Decision is the key to transformation. In his
classic work, "Think & Grow Rich",
Napoleon Hill stated that 98% of people
are in the jobs they have through
indecision, i.e. because they never made the decision about what
they wanted to do in their
in the first place. Indecision explains why many people feel that they have
a life purpose, but have no idea what it is...
The benefits of functioning more creatively are
3 Levels of Your
It helps you get promoted faster, and enjoy greater status,
prestige and recognition. You can only earn more by producing more or of
better quality or cheaper or faster or differently — and this requires
is about coming up with innovative ideas and turning them into
value-creating profitable business activities.
Entrepreneurial creativity =
Brainstorm with Others
Successful people have formal and informal
or masterminding networks.
Hill, in "Think And Grow Rich," pointed out that this was a common trait
among the millionaires that he studied. Put several people together who have
a common interest or goal. These gatherings have proven very powerful. It's
a natural breeding ground for breakthrough ideas...
6 Mindsets of a Great Achiever
The starting point of all riches is the
development of a prosperity consciousness. You must become
a financial success in your thinking long before you achieve it in your
reality. Both poverty and riches are the result of a state of mind, and the
most important single step you ever take on the road to wealth and financial
independence is the decision to change your thinking, to impress into your
mind an unshakable belief that you can and will
achieve your financial
goals. This must happen before anything else happens.2...
is a key element of a
Finding the right
balance in your body, your mind,
your life, and
will help you refine
and hasten you towards them. It will lead to on your journey to
health, spirit, and well-being...
Earn Ten Times As Much
There's an exercise for you; imagine that it's
possible for you to earn ten times your current annual wage. If you're
earning $25,000, imagine for a moment that it's possible for you to earn
$250,000, a 1000% increase...
Smart and Hard
The Power of Small
What I'm sharing with you is what worked for
me. And now it's worked for thousands of other people that I've
I believe in small steps, small victories,
progress, growth and momentum...