7 Ways To Optimize Your Facebook Profile To Bring In More Buyers

7 Ways To Optimize Your Facebook Profile To Bring In More Buyers

Habits of the Rich

BUSINESS MATTERS (BEYOND THE BOTTOM LINE) - Francis J. Kong (The Philippine Star) - May 5, 2018 - 12:00am

Johnny is in the midst of a long dry spell in Las Vegas. Eventually he gambles away all his money and has to borrow a quarter from another gambler just to use the men’s room. He finds a stall that happens to be open and pockets the quarter.

Believing that his luck has finally changed, he puts the quarter in a slot machine and hits the jackpot. He takes his winnings and goes to the blackjack table and turns his modest winnings into million dollars.

Wealthy beyond his wildest dreams, Johnny goes on the lecture circuit, where he tells his incredible story. He tells his audiences that he will always be eternally grateful to his benefactor, and if he ever finds the man he will share his fortune with him. After months of speaking, a man in the audience jumps up and says, “I’m that man. I was the one who gave you the quarter.”

“Yes, I remember you well, but you aren’t the one I’m looking for. I mean the guy who left the door open!”

Times are different now. There are so many young people out there giving talks and seminars, selling stuff and promising heaven and earth that by listening to them, buying their products and reading their books people will become wealthy. And there are many who would buy into it to their regret later.

As the saying goes: “There’s a sucker born every minute;” a phrase closely associated with P.T. Barnum, an American showman of the mid-19th century, although there is no evidence he in fact said it, the mere fact that these con-artists are still around today may give credence to the fact that people are careless and reckless and their relentless pursuit of instant riches and shortcut to success will always provide a market for these cons. There is however some amount of data and research that would provide safe and sound ideas on how to earn more money.

The book: “Rich Habits: The Daily Success Habits of Wealthy Individuals” written by Tom Corley spent five years studying the daily activities of 233 wealthy people and 128 people living in poverty. I want to share some of his research discoveries:

• 70 percent of the wealthy eat less than 300 junk-food calories per day;

• 97 percent of poor people eat more than 300 junk-food calories per day.

• 23 percent of the wealthy gamble; 52 percent of poor people gamble.

• 76 percent of the wealthy exercise aerobically four days a week; 23 percent of the poor do this.

• 63 percent of the wealthy listen to audio books during the commute to work vs. five percent of poor people.

• 81 percent of the wealthy maintain to-do lists vs. 19 percent of the poor.

• 63 percent of wealthy parents make their children read two or more non-fiction books a month vs. three percent of the poor.

• 80 percent of the wealthy make “happy birthday” calls vs. 11 percent of the poor.

• 67 percent of the wealthy write down their goals vs. 17 percent of the poor.

• 88 percent of the wealthy read 30 minutes or more each day for education or career reasons vs. two percent of the poor.

• Six percent of the wealthy say what’s on their mind vs. 69 percent of the poor.

• 67 percent of the wealthy watch one hour or less of TV every day vs. 23 percent of the poor.

• Six percent of the wealthy watch reality TV vs. 78 percent of the poor.

• 44 percent of the wealthy wake up three hours before work starts vs. three percent of the poor.

• 74 percent of the wealthy teach good daily success habits to their children vs. one percent of the poor.

84 percent of the wealthy believe good habits create opportunity luck vs. four percent of the poor.

• 76 percent of wealthy believe that bad habits create detrimental luck vs. nine percent of the poor.

• 86 percent of the wealthy believe in lifelong educational self-improvement vs. five percent of the poor.

• 86 percent of the wealthy love to read vs. 26 percent of the poor.

Of course, this is subject to challenge considering the fact that the copyright year of this book was some eight years ago. However, notice the disparity between the rich and the poor in their habits and lifestyles? The wealthy lives a regimented lifestyle and would pursue discipline first before pleasure. The formula works all the time.

There is no shortcut to success. If only people will do due diligence and check the track records of authors, speakers and companies offering products, advices or tips on how to be rich in a quick way. Perhaps it will work for them but it certainly will not work for you.

Maybe the list would help and then again maybe others would not believe it and insist on a quicker way to attain riches and wealth. It’s a choice people have to make. But the funny thing is this. When I ask those who are rich and wealthy, they tend to believe the list… and I know why.

Read more at https://www.philstar.com/business/2018/05/05/1812152/habits-rich

Warning: Do this! By John Mangun - February 28, 2018

“IF symptoms persist, see a doctor.” “Read instructions before using. If you cannot read these instructions, do not use.” “Do not put any person in this washing machine”.

Almost everything comes with a warning label these days because, apparently, comedian George Carlin was right: “Think of how stupid the average person is, and realize half of them are stupider than that.” “Caution: Coffee is hot. Avoid pouring on crotch area.”

Unfortunately, there does not seem to be a warning label for stock market investing. Most investors usually do not get any farther than some inspirational wisdom, such as from Warren Buffett: “I buy on the assumption that they could close the market the next day and not reopen it for five years.” Interestingly, everyone that uses his quote always excludes the first sentence of what he wrote: “I never attempt to make money on the stock market.” Buffett never invested in stocks; he only bought companies.

Most of the rules for stock investing are about as valuable in real life as what was on the business card of Genghis Khan found at the bottom of one of the mountains built from the skulls of his dead enemies. “Hate the sin but love the sinner.”

Here are my suggestions for stock investing warning labels.

“If you are going to ‘buy and hold’ then buy and hold.” You hear this mantra over and over about staying in for the long term and proponents
give example after example of where this strategy is effective. Here is the reality.

Almost every investment strategy works if you follow it. The truth is that every time the Dow Jones Industrial Average has dropped by more than 10 percent, huge net outflows for retail—read the “little guy”—investors has happened. By definition a 10-percent decline is a “correction,” not a “bear market.” Remember that Mike Tyson quote about being punched in the face? Winners stick to the plan no matter how difficult.

Every investor knows deep in his heart that taking a small loss is better than taking a large loss. But the only way you can do that is by cutting a losing position. So remember, “Warning: Paper losses are real losses. Your portfolio is only worth what you can sell it for.” Understand that your loser may not come back. And even if it does, a stock that is down 50 percent has to put a 100-percent gain just to get back to even.

The other side of this is, “Paper profit is your money. Treat it with respect.” Letting a profitable position “run” does not mean letting it run into a loss. Further, if you find P100 on the ground, go buy Lotto tickets. Why not? But if you receive a salary increase that you worked for, are you going to use the added income to play the Lotto?

“Warning: A good company is not necessarily a good stock.” The only thing worse than buying a good company with a bad stock is finding out the love of your life is actually your cousin. Some great companies are terrible stock investments. Some terrible companies have great stocks over a short term. Try not to confuse the two. While fundamental analysis will identify great companies, it does not take into account market and investor sentiment. Stock prices do not go higher unless investors buy. And frequently, investors do not buy the stock of “great companies.” Go with the flow.

Finally, “You cannot fight the market.” You must control your stock investments. Do not let the market control your portfolio. Otherwise, you might as well buy Lotto tickets.

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Please e-mail questions and comments to mangun@gmail.com. Visit my web site at www.mangunonmarkets.com. Follow me on Twitter@mangunonmarkets.

https://businessmirror.com.ph/warning-do-this/