Comments on: 5 Weird Habits That Can Make You Rich

By: russell

russell — Wed, 17 Nov 2010 12:53:00 +0000

I just read that article 4 times in a row! That first sentence had the impact of a sledgehammer! Seriously only 5% of people achieve financial independence in their lifetimes? Man….

Great tips and I will most definitely be setting some BHAGs!

By: Harry @ GoalsOnTrack

Harry @ GoalsOnTrack — Sun, 24 Oct 2010 16:48:23 +0000

This is so true! It’s so important to have goals. Sometimes just having goals itself will achieve things you want, without you doing anything.

By: Todd

Todd — Wed, 20 Oct 2010 19:07:17 +0000

I really like that 30 waiting list for buying things. I don’t quite buy as much randomly online, but that could have saved me from so many impulse buys.

By: Andrae

Andrae — Fri, 01 Oct 2010 18:59:59 +0000

Asking “why” is definitely a good mental and life evaluating exercise. I have practiced the 30 day buying rule, and i really love it.

The test of time shows the things you need, and the things you need not bother with.

By: marie

marie — Sat, 18 Sep 2010 03:06:17 +0000

Desktop/wallpaper idea genius!!! Gotta cut back on $7 smoothies. Btw you’re SO cute

By: Financial Independence

Financial Independence — Sun, 06 Jun 2010 20:42:14 +0000

God, I remember listening to Good to Great in my Dad’s car while I was still a freshman in high school. Great great book.

And I too like the BHAG idea. If you set your goals low, who knows what potential you’re missing?

By: Hope to Prosper

Hope to Prosper — Tue, 18 May 2010 17:32:00 +0000

Great post RJ.

Setting and tracking goals is huge. I have been tracking mine since 1991 and there is no doubt that I wouldn’t be anywhere near where I am today now without them. I had a tape from Zig Ziglar about goals and I used to listen to it in my car, on the way to work.

Another thing I recommend is the visualization. I learned to visualize my perfect life in five years from a book called The Type Z Guide to Success with Ease. It reinforces that your goals are possible and it gives you some motivation to reach them.

By: Early Retirement Extreme

Early Retirement Extreme — Fri, 14 May 2010 18:25:17 +0000

I used to multiply my net worth by 4%. Simple as that. It was only much later that I began to track individual dividends.
.-= Early Retirement Extreme´s last blog ..Stepping off the Beaten Path by Saying No! =-.

By: RJ

RJ — Wed, 12 May 2010 19:24:47 +0000

@ERE – I have to admit, I have no clue what my cash flow from investments are. I just don’t look at my investments very often to know. I can see how this would help someone whose main goal is to become financially independent. Maybe I should give it a try.

By: Early Retirement Extreme

Early Retirement Extreme — Tue, 11 May 2010 23:48:07 +0000

Indeed! This works.

For financial independence, I had in addition to those above
6) I knew my net worth and cash flow from investments at all times.
7) I had a projection of net worth and cash flow from investments for future years also pretty much mentally ingrained.

To wit, when my DW asks me what I’m thinking about when I’m otherwise not doing anothing, in 1/3 of cases, the answer will something related to money in a macro sense, how to keep it, how to make the yield better, etc.
.-= Early Retirement Extreme´s last blog ..Choices, desires, and satisfaction =-.