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The Top 10 Entrepreneur Teenagers Who Made Millions

Joel Brown (Founder of Addicted2Success.com)

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Teenage Millionaires

It seems a lot more people are joining the growing list of teenage millionaires nowadays. In fact, these young millionaires made their first million dollars before reaching the age of 20. This goes to show that age really is just a number and that anything is possible.

Below is a list of those who made their first million during their teenage years, how they made it and a figure of their current net worth.

 

10 Teenage Entrepreneur Millionaires

 

Adam Hildreth

Teenage Millionaire - Adam HildrethIn 1999, at only fourteen years old, Adam Hildreth together with his six friends launched the famous English social networking site Dubit. Dubit became one of the most popular websites in 2004. By 2005, Dubit had a net worth of more than 3.7 million dollars. Adam later founded Crisp thinking, which developed software that protected people from online predators, online harassment and spamming. He is ranked 23 in the top 100 richest young people in the UK according to the 2011 Sunday times rich list.

Adam Hildreth is estimated to have a net worth of 38 million dollars.

 

Sean Belnick

Teenage Millionaire - Sean BelnickWhen he was only 14 years old, Sean Belnick created bizchair.com, an internet retailer for all types of furniture. Sean Belnick began with an initial investment of 500 dollars and ran his business operaions from his bedroom. In 2004, he moved into his first warehouse and by 2009, he had more than 702,000 square feet of warehouse space from the initial 40,00 square feet. In 2010, bizchair had sales of more than 58 million dollars.

Sean Belnick’s net worth is reported to be 42 million dollars

 

 

Fraser Doherty

Teenage Millionaire - Fraser DohertyFraser Doherty is the CEO of Super Jam. This Scottish young star was taught jam making by his grandmother when he was 14 years old. He started producing jam and selling it in the neighbourhood. He left school at the age of 16 to fully concentrate on super jam. In 2007, he began supplying super jam to 184 Waitrose stores. Nowadays Fraser Doherty currently supplies to all major UK stores and had sales of over 1.2 million dollars in 2011.

Fraser Doherty is worth 2 million dollars.

 

Cameron Johnson

Teenage Millionaire - Cameron JohnsonIn 1994, at only nine years of age, Cameron Johnson began making money by selling invitation cards. By eleven years old he had saved up enough money to form his company, Cheers and Tears. Cameron then participated in several ventures including creating EZ mail, an email forwarding software, surfingprice.com, an online advertising company. By fifteen years old, he was receiving monthly cheques of up to 400,000 dollars.

Cameron Johnson’s net worth is currently 3.2 million.

 

Ashley Qualls

Teenage-Millionaire---Ashley-Qualls-whateverlifeAshley Qualls is an America entrepreneur who made her first million at the age of seventeen. She did this by taking an 8 dollar loan from her mother and creating a website,whateverlife.com in 2004.The website focused on providing HTML tutorials for young people and providing free My space layouts.

Ashley Qualls is valued to have a net worth of 8 million dollars.

 

 

Chris Phillips

Chris PhillipsChris Phillips made his first million when he was only 17 years old through dot5hosting. This website was used to register domain names, supply hosting space and hosting several e-commerce sites. By the time he was 19 years old, this British teenager was making over 10 million dollars annually.

Dot5hosting currently has a net worth of 2 million dollars.

 

 

Juliette Brindak

Teenage Millionaire - Juliette BrindakJuliette made her millions after launching the website Miss O and Friends when she was still only 10 years old. The site, which targets mostly teenage girls, is filled with celebrity gossip, games, quizzes and lots of feature articles. She has also launched a line of Miss O and friends books.

 

Juliette Brindak is currently the CEO and editor of her site and book line and has a networth of 15 Millions Dollars.

 

 

Catherine and David Cook

Teenage Millionaire - Catherine and David CookAt only fifteen and seventeen years respectively, Catherine and David Cook came up with the social networking site, My Yearbook in 2005. The site has over 5 million users and has survived the Facebook domination.

My Yearbook has a net worth of over 20 million dollars whereas this brother and sister duo have a combined net worth of 10 million dollars.

 

Tyler Dikman

When the internet was still picking up, Tyler Dikman who was only 15 years old founded Cooltronics in the year 2000. Cooltronics’ main purpose was to provide lessons to computer and internet users on how to get rid of computer viruses and how to upgrade your home PC. Subscriptions and advertising brought in the dollars for this lucky little man.

Tyler Dikman is currently valued to be worth 3.7 million dollars.

 

 

Farrah Gray

Teenage Millionaire - Farrah GrayFarrah Gray started selling body lotion at the age of 6. At 13 years old he founded Farr-Out Food which in a period of one year had received food orders of over 1.5 million dollars making him a millionaire at 14.

 

Farrah Gray is the youngest person to have a Wall Street office and is estimated to be worth 20 million dollars.

 

 

Article By Jesse Hopkins | Addicted2Success.com

I am the the Founder of Addicted2Success.com and I am so grateful you're here to be part of this awesome community. I love connecting with people who have a passion for Entrepreneurship, Self Development & Achieving Success. I started this website with the intention of educating and inspiring likeminded people to always strive for success no matter what their circumstances. I'm proud to say through my podcast and through this website we have impacted over 100 million lives in the last 6 and a half years.

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73 Comments

73 Comments

  1. Jennie

    Mar 22, 2018 at 11:28 am

    Wow.. Very inspiring! I really enjoyed this post. When I was younger, I didn’t have anyone to teach me financial stuff. The book that helped me was, Rich Dad Poor Dad.

  2. asad

    Jul 28, 2016 at 5:23 pm

    This blog awesome and i learn a lot about programming from here.The best thing about this blog is that you doing from beginning to experts level.

  3. entrepreneur

    Dec 9, 2014 at 9:51 am

    What’s thrilling is that their product does work and delivers some amazing
    results. Peter Ragnar’s ‘How To Build Muscle On A Raw Food Diet’.

    Media Highlights: Blair on “The Big Idea – The American Dream” with Ivanka Trump:.

  4. young black entrepreneur

    Nov 30, 2014 at 11:18 pm

    We’re a group of volunteers and opening a new scheme in our community.
    Your web site provided us with useful info to work on. You’ve done
    a formidable job and our whole group will probably
    be thankful to you.

  5. Self made millionaires

    Feb 19, 2014 at 6:48 pm

    Love the post!

  6. anonymous

    Jun 1, 2013 at 11:50 pm

    I am also interested, i have really good IT skills, i have made my friends blogging websites, and made them websites for them to do their thing. I am also a straight A* student, england maybe you can use me too, privately educated, reply if i can join 🙂

    • bob

      Sep 12, 2013 at 2:07 pm

      wow im jealous of you…

      • BÖUBB

        Jan 7, 2014 at 11:48 am

        hrrr 😀 I WANT FARRAH

    • fabio

      Jan 9, 2014 at 10:31 am

      hi, my name is Fabio and i am a 17 year old, my business is worth 2.5 million and we are currently hiring young i.t technicians, so if your interested please ring this number 07947977129

    • ray

      Apr 10, 2014 at 8:55 am

      Wow cool me too but i did html at 9 im 14 now and can code in 4 programming languages.I made a blog for my friend for $50 using html,css and php. But now i mainly do python and learning to code android!

      • Fasia

        Apr 20, 2014 at 2:16 am

        I’m trying to learn to code but I don’t understand anything I’m trying learn HTML first. Could u help ?

      • Sean

        May 3, 2014 at 11:58 pm

        cool I need help with html also….do you have a email

  7. Christy Nulty

    May 28, 2013 at 3:14 am

    There more to Life than money my neighbour ing millionaire is afraid to travel by any thing other than A helicopter, which makes him A sad example

  8. jbmafuture

    May 8, 2013 at 8:25 pm

    Odds are if you’re wanting to become rich QUICK you’ll most likely not pull it off. the odds are 1/1000000. Those odds are fearful. instead build on your ideas and you can become a Millionaire, if not a billionaire, by the age of 30 tops.”Much sooner if you’re extra bright” Jim Rohn R.I.P.

  9. justo ombasa

    Apr 25, 2013 at 2:07 pm

    haha thank you albert!!…Farrah shud be first.

  10. brian Vandirayi

    Mar 5, 2013 at 8:24 am

    looking for investors to carry out mining in Zimbabwe

  11. Ali

    Feb 27, 2013 at 7:39 pm

    Looking for someone who is interested in travel business..

    • Pratyush

      Feb 28, 2013 at 9:12 am

      what kinda business is it?
      i would like to have details…

    • Louise Louise

      Feb 28, 2013 at 1:38 pm

      Very interested, if you mean tour out bound and inbound etc. I can do all European countries and Asian such as Thailand China Japan HK Korea etc

      • Pratyush

        Feb 28, 2013 at 4:32 pm

        I have some excellent online business opportunities with me,with a negligibly low investment..
        If interested,do contact me at richestmanoftheworld94@gmail.com/rockerboypratyush94@gmail.com or call me – 8757856666…Hurry before the opportunity flies away in front of u!! 🙂

        • Tianna

          Apr 24, 2013 at 4:17 pm

          Hey Pratyush, I am quite interested too.. Could I email you my ideas, and join you guys as well? I am good at writing letters, email, and have great ideas. If you are interested please reply to me.. Thanks!

    • J H B

      Mar 12, 2013 at 7:41 am

      Hi, im interested, i could help you with scandinavian countrys like norway, iceland, sweden, denmark and finland, also im an expert when it comes to spain, so contact me for further information 🙂

      Best regards

    • Sakis

      Nov 9, 2014 at 10:58 am

      Hello Ali I am interested in travel businesses what are your proposals?Please reply to massage as soon as possible!

  12. Hair Extensions

    Feb 25, 2013 at 9:31 am

    Well done to all in the list. They are all super successful and aspiring young adults.

  13. Albert Briscoe

    Jan 31, 2013 at 8:23 pm

    Why is the only Black person on the list, listed last. Is he not the most successful person out of the bunch. Place Farrah where he belongs, at the top.

    • Louise Louise

      Feb 28, 2013 at 1:34 pm

      in my point of view I’m guessing his last place represent the best the finale perhaps ^^
      Like going to big company you meet the security first then secretary and if you lucky enough you’ll get to meet to CEO, the founder, owner etc

    • D Rupesh Kumar

      May 1, 2013 at 4:57 pm

      Bro, its how u look at things. I saw the page from bottom to up ,so for me it was the Black person who was first in the list. Have a Positive thinking and everything is possible :).

  14. Igbwo Sulemanu Fondzenyuy

    Dec 13, 2012 at 7:07 am

    Tell me if i may ask.what is the secret

  15. Jacqueline

    Nov 20, 2012 at 6:53 pm

    omg i wish i was like that

  16. Elijah

    Nov 2, 2012 at 9:40 am

    Where do I start?

    • Pratyush

      Feb 11, 2013 at 6:53 pm

      I have already started earning,I am only 19yrs old.I want a business partner who is around the same age and has an extremely high spirit for earning money!
      Please reply if interested.

      • Karan

        Feb 18, 2013 at 8:21 pm

        Dude I am also hoping to start a b-venture…if you need any help!
        I am here
        do reply

        • Pratyush

          Feb 25, 2013 at 12:18 pm

          Hye Karan,nice to hear from u!!
          Please give me ur mail address so that i can contact u….!!

      • Nald

        Mar 1, 2013 at 2:31 pm

        I am starting too. Knows a bit but not a lot. Though really have the aim of becoming successful. Tap me in if you still need one. 🙂

        Nald

        • Pratyush

          Mar 1, 2013 at 6:51 pm

          Hey Nald,I am so glad to inform u that I have some excellent business opportunities with me,where we can together work as a team,and create big fortunes for all of us!!
          If u r interested to know about my business ideas,u can add me on skype at pratyush.jha94 or u can give me ur fb id n i will add u!
          Looking forward to help u become successful.
          Warm regards
          -Pratyush

          • polkadot

            Mar 10, 2013 at 6:58 am

            wtf another multi level marketing… duh

      • hammad

        Mar 16, 2013 at 10:52 am

        Me also wanna join u guys.

        • Pratyush

          Mar 16, 2013 at 6:59 pm

          Hye Hammad,sure you can join me in this amazing business opportunity that I have with me.
          Get back to me for more details at richestmanoftheworld@gmail.com.

          • Pratyush

            Mar 16, 2013 at 7:00 pm

            Hye Hammad,sure you can join me in this amazing business opportunity that I have with me.
            Get back to me for more details at richestmanoftheworld94@gmail.com.

            • Prathyush Putuparambil

              Mar 21, 2013 at 5:16 pm

              dude this is crazy, my name is also Prathyush an I’m 19 and I wanna be an entrepreneur more than anything. I have a buncha ”ideas” maybe we should get in touch..

      • david brody

        Apr 12, 2013 at 1:53 pm

        pratyush, i am 19 and interested, what is your email

      • Sushant

        Apr 12, 2013 at 5:15 pm

        I am also looking for young entrepreneurs. Im interested!

      • James

        Apr 12, 2013 at 11:27 pm

        I am also very interested in starting my own business. am 17 years old and have already started earning…. “Pratyush” please contact me

        • Sushant

          Apr 13, 2013 at 2:51 pm

          James reply with your email if you are interested.

        • Pratyush

          Apr 15, 2013 at 8:48 am

          Hye James,you can contact me at richestmanoftheworld94@gmail.com.
          Thanks.

        • williamsync

          May 19, 2013 at 7:07 pm

          Contact me if you wan’t partnership, I’m 17 years old and I’d like to help you out amap.

      • Aishwarya S

        Apr 14, 2013 at 9:38 pm

        hey! i am an indian girl and i live in US. I am also interested in the earning!

      • Israel

        Apr 29, 2013 at 10:56 pm

        i will love to, cos i am also 19, but hope distance won’t be a problem

      • Trevor

        May 18, 2013 at 1:04 pm

        i would really love to work with you am a commited person of age 18 with vigour kinldy get back

      • khongor

        Sep 26, 2013 at 10:49 pm

        I’m an online advertiser, i’m at same age as you and if you need help, i can advertise your business & help you to grow it

Leave a Reply

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Success Advice

Are You Really a Leader? 3 Questions That Will Help You Find the Answer

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leadership
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Being a leader is a lot of responsibility. People look to you to make decisions, direct them, provide support, and get results. A true leader is an amazing presence: a humble yet confident person who inspires those around them.

Unfortunately, a lot of people think they’re leaders, but really aren’t. In fact, according to talent scientist Tomas Chamorro-Premuzic, 80% of people believe they are better-than-average leaders, which is objectively impossible. I see people claiming to be leaders all the time, but they’re all talk and no substance.

What is Leadership?

A lot of the people I talk to seem to think that you become a leader just by having a job managing people. That’s simply not true. Leadership is a balancing act that would make a master juggler impressed.

True leadership involves making sure that there is a happy balance between employees’ needs and the company’s needs. If only the employees’ needs are prioritized, the company won’t be profitable. Likewise, if only the company’s needs are considered, employees will leave.

True leaders have the self-awareness and strategic skills to understand this delicate balance and understand their role in creating those key compromises.

“The key to successful leadership today is influence, not authority.” – Ken Blanchard

Can You Be a True Leader?

Although there are a number of different leadership styles and theories out there, leadership boils down to a few essentials. Leaders need the emotional intelligence to navigate difficult and uncomfortable situations while being able to inspire others to take action. There’s a big difference between saying you’re a leader and acting like one.

If you want to increase your self-awareness and find out if you’re a leader others can rely on, start by asking yourself these three questions:

1. Do you want to be a leader?

It may seem unfair, but in my experience, the people who make the best leaders don’t necessarily want to be. You only want what you don’t have, and same rings true here. If you want to be a leader then you probably aren’t focusing on the right aspects of leadership.

True leaders are natural trail-blazers, but they don’t set out to lead anyone. People just happen to take note of their talents and confidence and look to the person for advice and guidance.

2. Do you have an original vision, or are you just power-hungry?

Why do you want to be a leader? Is it so you have the final say, or do you have actual goals you want to accomplish with a team? True leaders don’t feel threatened by others—they’re too busy getting stuff done. Leaders typically don’t need to test or confirm their power.

If you think good leaders give directions and just want others to listen, you’ve got it wrong. The best leaders often don’t need to speak a whole lot—they listen and observe, they think deeply, and when they do speak, it’s meaningful.

A true leader acts and others follow those actions because they trust and respect the leader. It isn’t about a power battle or an ego trip. Leaders have a true vision.  

3. Are you willing to do the dirty work?

You don’t get to be a leader if all you do is sit around, give orders, and let other people do the dirty work. Real leaders are humble, and no work is “beneath” them.

They want to know what’s going on at the ground level, and they want to help their people when they’re struggling. If you’re not willing to talk to a customer or back your employee up in a bad situation, you don’t get to call yourself a leader.

“Leadership is a choice, not a position.” – Stephen Covey

Becoming a Self-Aware Leader

How did you do? Maybe you’re not cut out to be a leader. Maybe you are. Maybe you need to work on a few things first.

Real talk: being a good leader isn’t easy. However, becoming a true leader benefits everyone around you and can be extremely fulfilling. If you’re more determined than ever to become the best, most self-aware leader you can be, that’s great news: we need more leaders out there.

What are the characteristics of a great leader in your opinion? Share with us below!

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Success Advice

Capitalize on the 80% of Business That You Are Missing Out on Right Now With This Method

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referral marketing
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Most of us are aware of Pareto’s Principle, the 80/20 rule. This principle states that 20% of the input gives us 80% of the output. The top 20% of your salespeople account for 80% of your business. The top 20% skills you have, account for 80% of your success. The top 20% of our customers will give us 80% of business. When we use this principle it allows us to narrow in and focus on the most important clients who are in our target market.

You’ll find that most people tell you to focus on your top 20%. Here’s the big question: What do you do with the other 80% of people who you do not work with?

Most of us let this 80% of potential business fall to the wayside because they are not our target market and we have no system set up to still do some form of business with them. However, this is not the case for Tim Johnson.

Just last year, he generated $11 million dollars from REFERRALS! He is the master of building a referral based business. By sending clients that he cannot work with to his friends and referral partners, he is able to receive commission for the introduction and new business.

Imagine having the potential to make money from EVERY business conversation! Tim speaks to about 3,000 people per year, and if he cannot help them personally, he knows someone in his Global Renegade network who can.

The thing is, we can all do this if we are intentional about it. As Tim puts it, “We need to date our referral partners. We put so much time and effort into people that do nothing for our business, yet we do not build strong relationships and invest time into our referral partners.”

Tim is a speaker, author, real estate developer, and business coach who is well known around the world. He starts each business conversation by saying, “Is it okay with you that if at anytime during this conversation I realize that I am not the right fit for you, I introduce you to someone in my network who is?”

Each time he is met with a resounding YES! Who would say no to this offer? This strong referral network has built Tim a net worth of over $4 million dollars. Tim uses a framework called SOLD and if you use this framework you can build a strong referral network as well.

Below, is the exact SOLD framework Tim uses:

Strategy

According to Tim, everything is mathematical. He approaches each conversation looking to learn and serve. When you approach conversations in this way, you focus on relationship building instead of feeling like you have an agenda to do business.

Ask great questions here and give the person you’re speaking with an opportunity to share their situation and what they are going through. Tim always asks, “What do you need and how can I serve you?” This is a powerful question that most people neglect and it’s the reason they are not experiencing as much sales success as Tim.

“Here is a powerful yet simple rule. Always give people more than they expect to get.” – Nelson Boswell

Objections = Opportunities

As the old wise quote states, “We were given two ears and one mouth for a reason.” This means we need to speak less and listen more.

Too often, people pitch and become salesy instead of being human and having a conversation where they are listening to the person they are sitting with. When you are listening, you give yourself the opportunity to learn their problems, obstacles, and needs in order to identify new opportunities.

Leverage referral partners

As you are gathering information you will identify if you are able to provide the solution that your prospect needs. If you cannot, it is time to leverage your referral partners and make the introduction.

By starting out the conversation saying, “Is it okay with you that if at anytime during our conversation I realize that I am not the right fit that I introduce you to someone who is?” you have already pre-framed yourself appropriately to leverage your referral network if you cannot provide a solution that is needed.

Your prospect will be very appreciative for your honesty and will trust your judgement. You get a lot of brownie points when you have the integrity to say that you are not the right fit, but let me introduce you to someone who is.

“People influence people. Nothing influences people more than a recommendation from a trusted friend. A trusted referral influences people more than the best broadcast message. A trusted referral is the Holy Grail of advertising.” – Mark Zuckerberg

Duplicate

Rinse and repeat this process. Having conversations in this way will enable you to work with the top 20% of people you speak with, and still provide value to the other 80%. In this way, every conversation opens up the opportunity for new business.

SOLD is business growth through asking great questions, active listening, and leveraging referral partners. Start to capitalize on the 80% of business that you are missing out on by referring these people to other service providers in your network.

If you think about providing value in service of others first, then you can leverage the SOLD framework for increased revenue in your business by simply being a connector and receiving commissions of 10%-25%.

Do you have referral partners in your business? Would love to hear your experience in the comment section below!

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Success Advice

A 5 Step Morning Routine That Leads to Explosive Growth and Success

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morning routines
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Have you ever noticed that how your day starts can dictate how the rest of your day goes? If you start your day on a positive and productive note, you feel a sense of excitement, pride, and accomplishment. And then those feelings power you through the rest of your day. You knock things off your to do list and find yourself in a great mood. Yet, when you wake up later than you were planning on, it can throw your entire day off. So make a decision to take control of your mornings and come up with a routine that will set you up for success.

When trying to construct a morning routine that fits your life, one thing to take into consideration is how important the night before is. Most people with winning morning routines, also take nighttime rituals into consideration. Before going to bed each night, plan your next day out in a journal, so you know exactly what you’re getting into. Nothing is worse than going into a day without a plan, and that’s a great way to lose control of the day.

Here’s a list of some of the most important things you can start each morning with to get off to a good start:

Step 1: Hydration: The elixir of life

One of the most important things you can do each morning is start your day off by drinking at least one glass of water. After 6-8 hours without any water, it’s essential to hydrate your body when you wake up and get it ready for the day. Your body is composed of mostly water and a lot of times, the importance of water is overlooked. Dehydration can lead to fatigue and headaches, so starting the day with water can help prevent dehydration. Because of that, staying hydrated means more energy and a lot of times, clearer thinking. There are a lot of health benefits to staying hydrated.

“Your day is pretty much formed by how you spend your first hour. Check your thoughts, attitude and heart.”

Step 2: Priming: The key to self transformation

Anthony (Tony) Robbins, one of the biggest motivational speakers, always talks about the importance of starting your day with priming. His priming exercise combines two important elements; gratitude and visualization. The priming exercise is about 15 minutes and the purpose is to get you into a good mental and physical state before you start your day. First, Tony asks you to think about 3 things that you are grateful for, and to step into those memories like you are there.

Next, he asks you to think of three things that you want to accomplish (short or long term). The purpose of these exercises is simple; start your day with gratitude and visualizing yourself accomplishing what you want to accomplish, whether it’s a short term goal or a long term goal.

If you don’t want to do that exact exercise, you can also do a combination of meditation and visualization. There are a lot of guided audios that you can use to help you get the most out of meditation and visualization.

Step 3: Exercise/Movement – Jumpstart your brain and your body

Exercise has massive benefits, both physical and mental. Starting your day with even 30 minutes of movement can give you increased energy and endorphins. It’s also a great way to start your day on a positive note. Think of how amazing you feel after you finish a good workout.

Step 4: Journaling – Create your future and write your goals into existence

Everyone has their own way of journaling; you need to find what works best for you. Some things you can do while journaling are making a list of 3-5 things you are grateful for, writing your goals down (daily or long term goals), or setting your intention for the day. Journaling can make you more productive as well as remind you what your goals/ targets are so that you stay focused on what you need to get done.

“Your morning routine generates a 10x return for good or for bad. Make it good.” – Todd Stocker

Step 5: Attack the day- conquer your biggest task that you have to do first thing

A lot of people tend to procrastinate on their most important task of the day. They’ll find any excuse to push it off. “Later” becomes “tomorrow.” And then somehow, the end of the week rolls around and the task still isn’t complete. However, if you prioritize your most important task and get it accomplished first thing in the morning, it gives you a sense of discipline and accomplishment.

Starting your morning with a routine can help transform your day. It can help you build new habits but even if you start with 2 or 3 of these, you will begin to see a big difference in how your days go. If you already have a morning routine but you are missing some of these steps, test them out and see what kind of an impact they have on your days.

What is your morning routine like? Comment below!

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Success Advice

Here’s Why Goals Are for Losers

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If you enter the word “goals” into your browser, more than 1.6 BILLION search results pop up. Safe to say, there’s no shortage of goal setting advice as a stepping-stone on your path to success. Yet, there’s a contrarian willing to risk criticism, challenge the status quo, and debunk goals at face value.

In his book “How To Fail At Almost Everything And Still Win Big,” Scott Adams is an author, cartoonist and Periscope streamer, who sees goals differently than most everyone else. Adams observes that if you study people who succeed, you’ll see most of them follow systems, not goals.

Goals vs. Systems

Adams defines goals as “reach it and be done objectives.” Whereas systems, is what you do on a regular basis with an expectation that you’ll build on and improve your chances of success.

In Adams book, he says he didn’t have a goal to write it by a specific date. He had a “process” that included blogging daily (for practice) believing this consistency would lead him down a path to where he wanted to be.

Other examples:

  • dieting to lose 10 lbs. is a goal. Learning to eat right, and doing so on a regular basis, is a system.
  • making a million dollars is a goal. Being a serial entrepreneur, is system.
  • running a marathon in under 3 hours is a goal. Exercising daily, is a system (forming a habit).

Could goals create tunnel vision? The problem with goals, says Adams, is that they’re laser-focused and could block awareness of other opportunities around you. If you have your head down pursuing a goal, you may miss better opportunities that could potentially advance you, perhaps even faster.

In contrast, says Adams, systems are flexible, leaving you wide open for new and better ways of doing things. “A system, performed daily, is moving you from a place with low odds to a place with better odds.”

Adams concedes, goals aren’t completely off the table. Goals are useful in “simple” situations that are “narrow, simplistic and have predictable pursuits.” They’re ok for short tasks with a clear purpose.

Two examples of different goals would be an “ok goal,” which would be entering a contest, while a “great goal” is to win. “It’s simple, it’s near term, it’s manageable.” Nonetheless, for success, goals are terrible for long-term endeavors like personal health and career success goals.

So are goals for losers? Adams says goals are psychological. If you haven’t reached your goal, you could be in a perpetual state of frustration and disappointment, possibly feeling like a failure.

Goals proceed with blinders on, expecting certain results at the end of weeks, months or years. Then once you’ve achieved that goal, what are you prepared for? Whereas systems are skill-based that add up, and can serve you on future projects.

“Never settle for average.” – Steve Jobs

Talent Stacking for Success

Talent stacking is the process of increasing your personal value by “layering together several mediocre skills” until you have something unique.

Although Adams says most of his undertakings can be considered failures from the standpoint of goals, they’re actually successes from the standpoint of systems. Gaining transferable skills has allowed him to achieve success in the long run.

In a Wall Street Journal interview, Adams shares how he stacked his talents of “mediocre artist, an ok writer, somewhat humorous, and some business knowledge” to create the wildly successful comic strip Dilbert (seen online in 2,000 newspapers, 65 countries in 25 languages) and substantial economic value.

Previously we outlined the four principles of success. Here, we add talent stacking, allowing you to capitalize on the array of opportunities that come your way. Adams recommends choosing to acquire ‘talents’ that build assets you can apply to future projects.

The assets you build will lead you down the path of eventual success over time. In today’s fast-paced world, Adams feels we’d all benefit from adding t­he following skills to your main talent:

  • public speaking
  • persuasion (to understand psychology)
  • some business sense
  • some technology sense

Adams recommends to not worry about the end result. Focus on daily execution and over time, there will be a payday.

Passion will follow

Ask a billionaire what’s the most important element to success and he’ll likely say “passion.” Adams disagrees. He says someone’s passion may not be realistic. In addition, he feels you can develop passion with success.

Adams’ observation is that people who have a good business plan probably do well. As things start working, and you start making money, suddenly passion appears!

The crossroads of luck

Adams believes the flexibility of systems increases your odds of luck finding you. By adding to your talent stack, more opportunities cross your path, with success following close behind.

There are many kids today with better programming skills than Bill Gates had. Yet, Gates was born in a time in history where he had access to computers when other people didn’t, and that luck has made him billions and billions of dollars. Adams says go where the luck is, tune yourself into the vibration of luck and increase the chances you’ll get it.

“Success is luck multiplied by the skills you obtain” – Scott Adams

So there you have it, systems are better if you have a complicated situation and a long time frame. Goals are fine if you have a simple situation and a short time frame.

The thread that ties this highly recommended book together is that if you develop good systems and follow them daily, then your efforts eventually overlap with luck.

What do you think about goals now? Looking forward to hearing from you in the comments area below.

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Life

How You Can Effectively Achieve Your Goals by Using the Puzzle Analogy

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how to achieve your goals
Image Credit: Twenty20.com

I was building a 500 piece puzzle the other day with many tiny little pieces. When I opened the box, I was completely overwhelmed. There were so many pieces and many of them were very similar in color. I took a breath and thought “just do one piece at a time”. I knew that I had to come up with a plan and organize the pieces into groups before I got started. This helped me to focus and take away some of the overwhelming feelings that were coming up. I came up with a plan and executed that plan. (more…)

Meghan Olsgard is the creator and writer of www.infinitesoulblueprint.com where she writes articles about self-empowerment and creating a fulfilling life. She shares her personal experiences and the obstacles she has overcame to help and inspire others to do the same. You can get more information at her website or follow her on Facebook.

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73 Comments

73 Comments

  1. Jennie

    Mar 22, 2018 at 11:28 am

    Wow.. Very inspiring! I really enjoyed this post. When I was younger, I didn’t have anyone to teach me financial stuff. The book that helped me was, Rich Dad Poor Dad.

  2. asad

    Jul 28, 2016 at 5:23 pm

    This blog awesome and i learn a lot about programming from here.The best thing about this blog is that you doing from beginning to experts level.

  3. entrepreneur

    Dec 9, 2014 at 9:51 am

    What’s thrilling is that their product does work and delivers some amazing
    results. Peter Ragnar’s ‘How To Build Muscle On A Raw Food Diet’.

    Media Highlights: Blair on “The Big Idea – The American Dream” with Ivanka Trump:.

  4. young black entrepreneur

    Nov 30, 2014 at 11:18 pm

    We’re a group of volunteers and opening a new scheme in our community.
    Your web site provided us with useful info to work on. You’ve done
    a formidable job and our whole group will probably
    be thankful to you.

  5. Self made millionaires

    Feb 19, 2014 at 6:48 pm

    Love the post!

  6. anonymous

    Jun 1, 2013 at 11:50 pm

    I am also interested, i have really good IT skills, i have made my friends blogging websites, and made them websites for them to do their thing. I am also a straight A* student, england maybe you can use me too, privately educated, reply if i can join 🙂

    • bob

      Sep 12, 2013 at 2:07 pm

      wow im jealous of you…

      • BÖUBB

        Jan 7, 2014 at 11:48 am

        hrrr 😀 I WANT FARRAH

    • fabio

      Jan 9, 2014 at 10:31 am

      hi, my name is Fabio and i am a 17 year old, my business is worth 2.5 million and we are currently hiring young i.t technicians, so if your interested please ring this number 07947977129

    • ray

      Apr 10, 2014 at 8:55 am

      Wow cool me too but i did html at 9 im 14 now and can code in 4 programming languages.I made a blog for my friend for $50 using html,css and php. But now i mainly do python and learning to code android!

      • Fasia

        Apr 20, 2014 at 2:16 am

        I’m trying to learn to code but I don’t understand anything I’m trying learn HTML first. Could u help ?

      • Sean

        May 3, 2014 at 11:58 pm

        cool I need help with html also….do you have a email

  7. Christy Nulty

    May 28, 2013 at 3:14 am

    There more to Life than money my neighbour ing millionaire is afraid to travel by any thing other than A helicopter, which makes him A sad example

  8. jbmafuture

    May 8, 2013 at 8:25 pm

    Odds are if you’re wanting to become rich QUICK you’ll most likely not pull it off. the odds are 1/1000000. Those odds are fearful. instead build on your ideas and you can become a Millionaire, if not a billionaire, by the age of 30 tops.”Much sooner if you’re extra bright” Jim Rohn R.I.P.

  9. justo ombasa

    Apr 25, 2013 at 2:07 pm

    haha thank you albert!!…Farrah shud be first.

  10. brian Vandirayi

    Mar 5, 2013 at 8:24 am

    looking for investors to carry out mining in Zimbabwe

  11. Ali

    Feb 27, 2013 at 7:39 pm

    Looking for someone who is interested in travel business..

    • Pratyush

      Feb 28, 2013 at 9:12 am

      what kinda business is it?
      i would like to have details…

    • Louise Louise

      Feb 28, 2013 at 1:38 pm

      Very interested, if you mean tour out bound and inbound etc. I can do all European countries and Asian such as Thailand China Japan HK Korea etc

      • Pratyush

        Feb 28, 2013 at 4:32 pm

        I have some excellent online business opportunities with me,with a negligibly low investment..
        If interested,do contact me at richestmanoftheworld94@gmail.com/rockerboypratyush94@gmail.com or call me – 8757856666…Hurry before the opportunity flies away in front of u!! 🙂

        • Tianna

          Apr 24, 2013 at 4:17 pm

          Hey Pratyush, I am quite interested too.. Could I email you my ideas, and join you guys as well? I am good at writing letters, email, and have great ideas. If you are interested please reply to me.. Thanks!

    • J H B

      Mar 12, 2013 at 7:41 am

      Hi, im interested, i could help you with scandinavian countrys like norway, iceland, sweden, denmark and finland, also im an expert when it comes to spain, so contact me for further information 🙂

      Best regards

    • Sakis

      Nov 9, 2014 at 10:58 am

      Hello Ali I am interested in travel businesses what are your proposals?Please reply to massage as soon as possible!

  12. Hair Extensions

    Feb 25, 2013 at 9:31 am

    Well done to all in the list. They are all super successful and aspiring young adults.

  13. Albert Briscoe

    Jan 31, 2013 at 8:23 pm

    Why is the only Black person on the list, listed last. Is he not the most successful person out of the bunch. Place Farrah where he belongs, at the top.

    • Louise Louise

      Feb 28, 2013 at 1:34 pm

      in my point of view I’m guessing his last place represent the best the finale perhaps ^^
      Like going to big company you meet the security first then secretary and if you lucky enough you’ll get to meet to CEO, the founder, owner etc

    • D Rupesh Kumar

      May 1, 2013 at 4:57 pm

      Bro, its how u look at things. I saw the page from bottom to up ,so for me it was the Black person who was first in the list. Have a Positive thinking and everything is possible :).

  14. Igbwo Sulemanu Fondzenyuy

    Dec 13, 2012 at 7:07 am

    Tell me if i may ask.what is the secret

  15. Jacqueline

    Nov 20, 2012 at 6:53 pm

    omg i wish i was like that

  16. Elijah

    Nov 2, 2012 at 9:40 am

    Where do I start?

    • Pratyush

      Feb 11, 2013 at 6:53 pm

      I have already started earning,I am only 19yrs old.I want a business partner who is around the same age and has an extremely high spirit for earning money!
      Please reply if interested.

      • Karan

        Feb 18, 2013 at 8:21 pm

        Dude I am also hoping to start a b-venture…if you need any help!
        I am here
        do reply

        • Pratyush

          Feb 25, 2013 at 12:18 pm

          Hye Karan,nice to hear from u!!
          Please give me ur mail address so that i can contact u….!!

      • Nald

        Mar 1, 2013 at 2:31 pm

        I am starting too. Knows a bit but not a lot. Though really have the aim of becoming successful. Tap me in if you still need one. 🙂

        Nald

        • Pratyush

          Mar 1, 2013 at 6:51 pm

          Hey Nald,I am so glad to inform u that I have some excellent business opportunities with me,where we can together work as a team,and create big fortunes for all of us!!
          If u r interested to know about my business ideas,u can add me on skype at pratyush.jha94 or u can give me ur fb id n i will add u!
          Looking forward to help u become successful.
          Warm regards
          -Pratyush

          • polkadot

            Mar 10, 2013 at 6:58 am

            wtf another multi level marketing… duh

      • hammad

        Mar 16, 2013 at 10:52 am

        Me also wanna join u guys.

        • Pratyush

          Mar 16, 2013 at 6:59 pm

          Hye Hammad,sure you can join me in this amazing business opportunity that I have with me.
          Get back to me for more details at richestmanoftheworld@gmail.com.

          • Pratyush

            Mar 16, 2013 at 7:00 pm

            Hye Hammad,sure you can join me in this amazing business opportunity that I have with me.
            Get back to me for more details at richestmanoftheworld94@gmail.com.

            • Prathyush Putuparambil

              Mar 21, 2013 at 5:16 pm

              dude this is crazy, my name is also Prathyush an I’m 19 and I wanna be an entrepreneur more than anything. I have a buncha ”ideas” maybe we should get in touch..

      • david brody

        Apr 12, 2013 at 1:53 pm

        pratyush, i am 19 and interested, what is your email

      • Sushant

        Apr 12, 2013 at 5:15 pm

        I am also looking for young entrepreneurs. Im interested!

      • James

        Apr 12, 2013 at 11:27 pm

        I am also very interested in starting my own business. am 17 years old and have already started earning…. “Pratyush” please contact me

        • Sushant

          Apr 13, 2013 at 2:51 pm

          James reply with your email if you are interested.

        • Pratyush

          Apr 15, 2013 at 8:48 am

          Hye James,you can contact me at richestmanoftheworld94@gmail.com.
          Thanks.

        • williamsync

          May 19, 2013 at 7:07 pm

          Contact me if you wan’t partnership, I’m 17 years old and I’d like to help you out amap.

      • Aishwarya S

        Apr 14, 2013 at 9:38 pm

        hey! i am an indian girl and i live in US. I am also interested in the earning!

      • Israel

        Apr 29, 2013 at 10:56 pm

        i will love to, cos i am also 19, but hope distance won’t be a problem

      • Trevor

        May 18, 2013 at 1:04 pm

        i would really love to work with you am a commited person of age 18 with vigour kinldy get back

      • khongor

        Sep 26, 2013 at 10:49 pm

        I’m an online advertiser, i’m at same age as you and if you need help, i can advertise your business & help you to grow it

Leave a Reply

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Success Advice

Are You Really a Leader? 3 Questions That Will Help You Find the Answer

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Image Credit: Unsplash

Being a leader is a lot of responsibility. People look to you to make decisions, direct them, provide support, and get results. A true leader is an amazing presence: a humble yet confident person who inspires those around them.

Unfortunately, a lot of people think they’re leaders, but really aren’t. In fact, according to talent scientist Tomas Chamorro-Premuzic, 80% of people believe they are better-than-average leaders, which is objectively impossible. I see people claiming to be leaders all the time, but they’re all talk and no substance.

What is Leadership?

A lot of the people I talk to seem to think that you become a leader just by having a job managing people. That’s simply not true. Leadership is a balancing act that would make a master juggler impressed.

True leadership involves making sure that there is a happy balance between employees’ needs and the company’s needs. If only the employees’ needs are prioritized, the company won’t be profitable. Likewise, if only the company’s needs are considered, employees will leave.

True leaders have the self-awareness and strategic skills to understand this delicate balance and understand their role in creating those key compromises.

“The key to successful leadership today is influence, not authority.” – Ken Blanchard

Can You Be a True Leader?

Although there are a number of different leadership styles and theories out there, leadership boils down to a few essentials. Leaders need the emotional intelligence to navigate difficult and uncomfortable situations while being able to inspire others to take action. There’s a big difference between saying you’re a leader and acting like one.

If you want to increase your self-awareness and find out if you’re a leader others can rely on, start by asking yourself these three questions:

1. Do you want to be a leader?

It may seem unfair, but in my experience, the people who make the best leaders don’t necessarily want to be. You only want what you don’t have, and same rings true here. If you want to be a leader then you probably aren’t focusing on the right aspects of leadership.

True leaders are natural trail-blazers, but they don’t set out to lead anyone. People just happen to take note of their talents and confidence and look to the person for advice and guidance.

2. Do you have an original vision, or are you just power-hungry?

Why do you want to be a leader? Is it so you have the final say, or do you have actual goals you want to accomplish with a team? True leaders don’t feel threatened by others—they’re too busy getting stuff done. Leaders typically don’t need to test or confirm their power.

If you think good leaders give directions and just want others to listen, you’ve got it wrong. The best leaders often don’t need to speak a whole lot—they listen and observe, they think deeply, and when they do speak, it’s meaningful.

A true leader acts and others follow those actions because they trust and respect the leader. It isn’t about a power battle or an ego trip. Leaders have a true vision.  

3. Are you willing to do the dirty work?

You don’t get to be a leader if all you do is sit around, give orders, and let other people do the dirty work. Real leaders are humble, and no work is “beneath” them.

They want to know what’s going on at the ground level, and they want to help their people when they’re struggling. If you’re not willing to talk to a customer or back your employee up in a bad situation, you don’t get to call yourself a leader.

“Leadership is a choice, not a position.” – Stephen Covey

Becoming a Self-Aware Leader

How did you do? Maybe you’re not cut out to be a leader. Maybe you are. Maybe you need to work on a few things first.

Real talk: being a good leader isn’t easy. However, becoming a true leader benefits everyone around you and can be extremely fulfilling. If you’re more determined than ever to become the best, most self-aware leader you can be, that’s great news: we need more leaders out there.

What are the characteristics of a great leader in your opinion? Share with us below!

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Success Advice

Capitalize on the 80% of Business That You Are Missing Out on Right Now With This Method

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referral marketing
Image Credit: Unsplash

Most of us are aware of Pareto’s Principle, the 80/20 rule. This principle states that 20% of the input gives us 80% of the output. The top 20% of your salespeople account for 80% of your business. The top 20% skills you have, account for 80% of your success. The top 20% of our customers will give us 80% of business. When we use this principle it allows us to narrow in and focus on the most important clients who are in our target market.

You’ll find that most people tell you to focus on your top 20%. Here’s the big question: What do you do with the other 80% of people who you do not work with?

Most of us let this 80% of potential business fall to the wayside because they are not our target market and we have no system set up to still do some form of business with them. However, this is not the case for Tim Johnson.

Just last year, he generated $11 million dollars from REFERRALS! He is the master of building a referral based business. By sending clients that he cannot work with to his friends and referral partners, he is able to receive commission for the introduction and new business.

Imagine having the potential to make money from EVERY business conversation! Tim speaks to about 3,000 people per year, and if he cannot help them personally, he knows someone in his Global Renegade network who can.

The thing is, we can all do this if we are intentional about it. As Tim puts it, “We need to date our referral partners. We put so much time and effort into people that do nothing for our business, yet we do not build strong relationships and invest time into our referral partners.”

Tim is a speaker, author, real estate developer, and business coach who is well known around the world. He starts each business conversation by saying, “Is it okay with you that if at anytime during this conversation I realize that I am not the right fit for you, I introduce you to someone in my network who is?”

Each time he is met with a resounding YES! Who would say no to this offer? This strong referral network has built Tim a net worth of over $4 million dollars. Tim uses a framework called SOLD and if you use this framework you can build a strong referral network as well.

Below, is the exact SOLD framework Tim uses:

Strategy

According to Tim, everything is mathematical. He approaches each conversation looking to learn and serve. When you approach conversations in this way, you focus on relationship building instead of feeling like you have an agenda to do business.

Ask great questions here and give the person you’re speaking with an opportunity to share their situation and what they are going through. Tim always asks, “What do you need and how can I serve you?” This is a powerful question that most people neglect and it’s the reason they are not experiencing as much sales success as Tim.

“Here is a powerful yet simple rule. Always give people more than they expect to get.” – Nelson Boswell

Objections = Opportunities

As the old wise quote states, “We were given two ears and one mouth for a reason.” This means we need to speak less and listen more.

Too often, people pitch and become salesy instead of being human and having a conversation where they are listening to the person they are sitting with. When you are listening, you give yourself the opportunity to learn their problems, obstacles, and needs in order to identify new opportunities.

Leverage referral partners

As you are gathering information you will identify if you are able to provide the solution that your prospect needs. If you cannot, it is time to leverage your referral partners and make the introduction.

By starting out the conversation saying, “Is it okay with you that if at anytime during our conversation I realize that I am not the right fit that I introduce you to someone who is?” you have already pre-framed yourself appropriately to leverage your referral network if you cannot provide a solution that is needed.

Your prospect will be very appreciative for your honesty and will trust your judgement. You get a lot of brownie points when you have the integrity to say that you are not the right fit, but let me introduce you to someone who is.

“People influence people. Nothing influences people more than a recommendation from a trusted friend. A trusted referral influences people more than the best broadcast message. A trusted referral is the Holy Grail of advertising.” – Mark Zuckerberg

Duplicate

Rinse and repeat this process. Having conversations in this way will enable you to work with the top 20% of people you speak with, and still provide value to the other 80%. In this way, every conversation opens up the opportunity for new business.

SOLD is business growth through asking great questions, active listening, and leveraging referral partners. Start to capitalize on the 80% of business that you are missing out on by referring these people to other service providers in your network.

If you think about providing value in service of others first, then you can leverage the SOLD framework for increased revenue in your business by simply being a connector and receiving commissions of 10%-25%.

Do you have referral partners in your business? Would love to hear your experience in the comment section below!

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Success Advice

A 5 Step Morning Routine That Leads to Explosive Growth and Success

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Have you ever noticed that how your day starts can dictate how the rest of your day goes? If you start your day on a positive and productive note, you feel a sense of excitement, pride, and accomplishment. And then those feelings power you through the rest of your day. You knock things off your to do list and find yourself in a great mood. Yet, when you wake up later than you were planning on, it can throw your entire day off. So make a decision to take control of your mornings and come up with a routine that will set you up for success.

When trying to construct a morning routine that fits your life, one thing to take into consideration is how important the night before is. Most people with winning morning routines, also take nighttime rituals into consideration. Before going to bed each night, plan your next day out in a journal, so you know exactly what you’re getting into. Nothing is worse than going into a day without a plan, and that’s a great way to lose control of the day.

Here’s a list of some of the most important things you can start each morning with to get off to a good start:

Step 1: Hydration: The elixir of life

One of the most important things you can do each morning is start your day off by drinking at least one glass of water. After 6-8 hours without any water, it’s essential to hydrate your body when you wake up and get it ready for the day. Your body is composed of mostly water and a lot of times, the importance of water is overlooked. Dehydration can lead to fatigue and headaches, so starting the day with water can help prevent dehydration. Because of that, staying hydrated means more energy and a lot of times, clearer thinking. There are a lot of health benefits to staying hydrated.

“Your day is pretty much formed by how you spend your first hour. Check your thoughts, attitude and heart.”

Step 2: Priming: The key to self transformation

Anthony (Tony) Robbins, one of the biggest motivational speakers, always talks about the importance of starting your day with priming. His priming exercise combines two important elements; gratitude and visualization. The priming exercise is about 15 minutes and the purpose is to get you into a good mental and physical state before you start your day. First, Tony asks you to think about 3 things that you are grateful for, and to step into those memories like you are there.

Next, he asks you to think of three things that you want to accomplish (short or long term). The purpose of these exercises is simple; start your day with gratitude and visualizing yourself accomplishing what you want to accomplish, whether it’s a short term goal or a long term goal.

If you don’t want to do that exact exercise, you can also do a combination of meditation and visualization. There are a lot of guided audios that you can use to help you get the most out of meditation and visualization.

Step 3: Exercise/Movement – Jumpstart your brain and your body

Exercise has massive benefits, both physical and mental. Starting your day with even 30 minutes of movement can give you increased energy and endorphins. It’s also a great way to start your day on a positive note. Think of how amazing you feel after you finish a good workout.

Step 4: Journaling – Create your future and write your goals into existence

Everyone has their own way of journaling; you need to find what works best for you. Some things you can do while journaling are making a list of 3-5 things you are grateful for, writing your goals down (daily or long term goals), or setting your intention for the day. Journaling can make you more productive as well as remind you what your goals/ targets are so that you stay focused on what you need to get done.

“Your morning routine generates a 10x return for good or for bad. Make it good.” – Todd Stocker

Step 5: Attack the day- conquer your biggest task that you have to do first thing

A lot of people tend to procrastinate on their most important task of the day. They’ll find any excuse to push it off. “Later” becomes “tomorrow.” And then somehow, the end of the week rolls around and the task still isn’t complete. However, if you prioritize your most important task and get it accomplished first thing in the morning, it gives you a sense of discipline and accomplishment.

Starting your morning with a routine can help transform your day. It can help you build new habits but even if you start with 2 or 3 of these, you will begin to see a big difference in how your days go. If you already have a morning routine but you are missing some of these steps, test them out and see what kind of an impact they have on your days.

What is your morning routine like? Comment below!

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Success Advice

Here’s Why Goals Are for Losers

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If you enter the word “goals” into your browser, more than 1.6 BILLION search results pop up. Safe to say, there’s no shortage of goal setting advice as a stepping-stone on your path to success. Yet, there’s a contrarian willing to risk criticism, challenge the status quo, and debunk goals at face value.

In his book “How To Fail At Almost Everything And Still Win Big,” Scott Adams is an author, cartoonist and Periscope streamer, who sees goals differently than most everyone else. Adams observes that if you study people who succeed, you’ll see most of them follow systems, not goals.

Goals vs. Systems

Adams defines goals as “reach it and be done objectives.” Whereas systems, is what you do on a regular basis with an expectation that you’ll build on and improve your chances of success.

In Adams book, he says he didn’t have a goal to write it by a specific date. He had a “process” that included blogging daily (for practice) believing this consistency would lead him down a path to where he wanted to be.

Other examples:

  • dieting to lose 10 lbs. is a goal. Learning to eat right, and doing so on a regular basis, is a system.
  • making a million dollars is a goal. Being a serial entrepreneur, is system.
  • running a marathon in under 3 hours is a goal. Exercising daily, is a system (forming a habit).

Could goals create tunnel vision? The problem with goals, says Adams, is that they’re laser-focused and could block awareness of other opportunities around you. If you have your head down pursuing a goal, you may miss better opportunities that could potentially advance you, perhaps even faster.

In contrast, says Adams, systems are flexible, leaving you wide open for new and better ways of doing things. “A system, performed daily, is moving you from a place with low odds to a place with better odds.”

Adams concedes, goals aren’t completely off the table. Goals are useful in “simple” situations that are “narrow, simplistic and have predictable pursuits.” They’re ok for short tasks with a clear purpose.

Two examples of different goals would be an “ok goal,” which would be entering a contest, while a “great goal” is to win. “It’s simple, it’s near term, it’s manageable.” Nonetheless, for success, goals are terrible for long-term endeavors like personal health and career success goals.

So are goals for losers? Adams says goals are psychological. If you haven’t reached your goal, you could be in a perpetual state of frustration and disappointment, possibly feeling like a failure.

Goals proceed with blinders on, expecting certain results at the end of weeks, months or years. Then once you’ve achieved that goal, what are you prepared for? Whereas systems are skill-based that add up, and can serve you on future projects.

“Never settle for average.” – Steve Jobs

Talent Stacking for Success

Talent stacking is the process of increasing your personal value by “layering together several mediocre skills” until you have something unique.

Although Adams says most of his undertakings can be considered failures from the standpoint of goals, they’re actually successes from the standpoint of systems. Gaining transferable skills has allowed him to achieve success in the long run.

In a Wall Street Journal interview, Adams shares how he stacked his talents of “mediocre artist, an ok writer, somewhat humorous, and some business knowledge” to create the wildly successful comic strip Dilbert (seen online in 2,000 newspapers, 65 countries in 25 languages) and substantial economic value.

Previously we outlined the four principles of success. Here, we add talent stacking, allowing you to capitalize on the array of opportunities that come your way. Adams recommends choosing to acquire ‘talents’ that build assets you can apply to future projects.

The assets you build will lead you down the path of eventual success over time. In today’s fast-paced world, Adams feels we’d all benefit from adding t­he following skills to your main talent:

  • public speaking
  • persuasion (to understand psychology)
  • some business sense
  • some technology sense

Adams recommends to not worry about the end result. Focus on daily execution and over time, there will be a payday.

Passion will follow

Ask a billionaire what’s the most important element to success and he’ll likely say “passion.” Adams disagrees. He says someone’s passion may not be realistic. In addition, he feels you can develop passion with success.

Adams’ observation is that people who have a good business plan probably do well. As things start working, and you start making money, suddenly passion appears!

The crossroads of luck

Adams believes the flexibility of systems increases your odds of luck finding you. By adding to your talent stack, more opportunities cross your path, with success following close behind.

There are many kids today with better programming skills than Bill Gates had. Yet, Gates was born in a time in history where he had access to computers when other people didn’t, and that luck has made him billions and billions of dollars. Adams says go where the luck is, tune yourself into the vibration of luck and increase the chances you’ll get it.

“Success is luck multiplied by the skills you obtain” – Scott Adams

So there you have it, systems are better if you have a complicated situation and a long time frame. Goals are fine if you have a simple situation and a short time frame.

The thread that ties this highly recommended book together is that if you develop good systems and follow them daily, then your efforts eventually overlap with luck.

What do you think about goals now? Looking forward to hearing from you in the comments area below.

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