As I stated in The Millionaire Mind, Integrity is a part of life’s curriculum. It is a pass/fail course. If you lack integrity, most millionaires will tell you that will not and should not graduate to economic success. The millionaires surveyed became rich without compromising their integrity. In fact, they credit their integrity with significantly …
Roy is about to transition from being an employee to a self employed business owner. He has many of the characteristics which are important for succeeding in business. He is very knowledgeable in his field, he is well-disciplined, he has excellent work habits, and he has a stellar credit rating. He and his family live well …
Critics Necessary to Weed Out Those Who Lack Courage and Resolve Read More »
In The Millionaire Mind I wrote: . . . key success factors our economy continues to recognize and will continue to reward: hard work, integrity. . . . It seems that at least once a week during the last ten years, I have read published news stories and editorials claiming that economic opportunity in America is …
Socioeconomic Mobility on the Wane? Au Contraire! Read More »
Last month a picture of Jim Harbaugh, coach of the San Francisco 49ers, appeared in USA Today. But the picture was not taken on a football field. Coach Harbaugh was standing in front of a rack of blue jeans and khaki pants in a Wal-Mart store. In his hands he was holding packages of underwear and …
My research over the past three decades indicates that one’s home environment has much to do with the overall success of people whether in terms of accumulating wealth, being a leader, building one’s own business, or even overcoming great adversity. As just one example, of the 944 millionaires surveyed nationally for Stop Acting Rich, those …
In an earlier blog I profiled Malcolm who spoke with a severe stutter. After graduating from college, he searched for a job in sales. Malcolm’s first 18 interviews resulted in 18 rejection letters; yet he was not discouraged. His mother told him to view each rejection as one step closer to finding a job which he eventually …
Winners Are Not Discouraged by Impediments, Disabilities or Early Failures Read More »
Success is more akin to a marathon than a sprint. In fact, for many, success only emerged after they were able to negotiate their way through a series of gauntlets of adversity. I was once again reminded of this after reading a Wall Street Journal article appropriately titled, Entrepreneur Let No Impediment Stop Him: Out …
View Adversity as an Opportunity to Strengthen Your Resolve to Succeed Read More »
In Stop Acting Rich I profiled the glittering rich: people who generate extremely high incomes, have a vast amount of wealth at their disposal, and spend accordingly on high prestige cars, mansions, etc. No matter what they spend their money on, though, it is just a fraction of their overall net worth. These people are …
There are two forms of human intelligence. One is cognitive intelligence [IQ] which I believe is highly correlated with SAT results, etc. But as reported in The Millionaire Mind, Cognitive ability [IQ] tests have been notoriously poor predictors of leadership performance. . . . Relations between intelligence and leadership and managerial performance . . . accounting …
Common traits of successful corporate executives and the millionaire next door Read More »
David, a straight “A” undergraduate student of mine, once invited me over to his apartment for his wife’s “famous Sunday chili dinner.” While driving to his apartment, I realized that they lived in what could be called the “poor side” or “industrial” part of town. He and his wife, both 23, had two small children. David was the …
Happy People Count Their Current and Future Blessings Read More »