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Best advice about money ..


“Money, like emotions, is something you must control to keep your life on the right track.” 


1. In a free market economy, anyone can make as much money as they want.
2. Your background, highest level of education, or IQ is irrelevant when it comes to earning money.
3. The fastest way to make money is to solve a problem. The bigger the problem you solve, the more money you make.
4. Don't listen to the naysayers who tell you that life is supposed to be a struggle and that you should settle and be grateful for what you have.
5. Expect to make more money. For this one you have to think big. $100,000, $500,000, or why not $1 million?
6. Lose the fear and scarcity mindset and start seeing money for all the good things: freedom, opportunity, possibility, and abundance.
7. Being rich isn't a privilege. Being rich is a FUNDAMENTAL right. If you create massive value for others, you have the right to be as rich as you want.
8. Don't wait for your ship to come in. You're not going to be discovered, saved, or made rich by an outside force. If you want a lot of money, build your own ship. No one is coming to the rescue.
9. Stop worrying about running out of money and focus on how to make more. Constantly worrying about money is no way to live. Dream about money, instead.
10. Stop telling yourself that getting rich is outside of your control. The truth is that making money is an inside job.

Things confident people do differently ..

ref: 
Building confidence is a journey, not a destination

1. They Get Their Happiness from Within

Happiness is a critical element of confidence, because in order to be confident in what you do, you have to be happy with who you are. People who brim with confidence derive their sense of pleasure and satisfaction from their own accomplishments, as opposed to what other people think of their accomplishments. They know that no matter what anyone says, you’re never as good or as bad as people say you are.

2. They Connect
People are much more likely to accept what you have to say once they have a sense of what kind of person you are. The person you are speaking with is a person, not an opponent or a target. No matter how compelling your argument, if you fail to connect on a personal level, he or she will doubt everything you say.

3. They Don’t Pass Judgement
Confident people don’t pass judgment on others because they know that everyone has something to offer, and they don’t need to take other people down a notch in order to feel good about themselves. Comparing yourself to other people is limiting. Confident people don’t waste time sizing people up and worrying about whether or not they measure up to everyone they meet.

4. They Listen More than They Speak

People with confidence listen more than they speak because they don’t feel as though they have anything to prove. Confident people know that by actively listening and paying attention to others, they are much more likely to learn and grow. Instead of seeing interactions as opportunities to prove themselves to others, they focus on the interaction itself, because they know that this is a far more enjoyable and productive approach to people.

5. They Acknowledge Your Point of View

Admits that your argument is not perfect. This shows that you are open minded and willing to make adjustments, instead of stubbornly sticking to your cause. Uses statements such as, “I see where you are coming from,” and “That makes a lot of sense.” This shows that you are actively listening to what they are saying, and you won’t just force your ideas upon them. Allow others to be entitled to their opinions and they treat these opinions as valid. They do this because it shows respect, which makes the other person more likely to consider their point of view.

6. They Know When to Step Back

When you try to force people to agree instantly, studies show that they are actually more likely to stand by their original opinion. Your impatience causes them to counter your arguments in favor of their own. If your position is strong, you shouldn’t be afraid to back off and give it time to sink in. Good ideas are often difficult to process instantly, and a bit of time can go a long way.

7. They Speak with Certainty

It’s rare to hear the truly confident utter phrases such as “Um,” “I’m not sure,” and “I think.” Confident people speak assertively because they know that it’s difficult to get people to listen to you if you can’t deliver your ideas with conviction.

8. They Seek Out Small Victories

Confident people like to challenge themselves and compete, even when their efforts yield small victories. Small victories build new androgen receptors in the areas of the brain responsible for reward and motivation. The increase in androgen receptors increases the influence of testosterone, which further increases their confidence and eagerness to tackle future challenges. When you have a series of small victories, the boost in your confidence can last for months.

9. They Aren’t Afraid to Be Wrong

Confident people aren’t afraid to be proven wrong. They like putting their opinions out there to see if they hold up because they learn a lot from the times they are wrong and other people learn from them when they’re right. Self-assured people know what they are capable of and don’t treat being wrong as a personal slight.

10. They Aren’t Afraid to Ask for Help

Confident people know that asking other people for help won’t make them seem weak or unintelligent. They know their strengths and weaknesses, and they look to others to fill the gaps. They also know that learning from someone with more expertise is a great way to improve.



Global Entrepreneurs Recommend Books ..

ref: 
1. Think and Grow Rich by Napoleon Hill -- recommended by Sandile B. Magwaza
2. Start by Jon Acuff -- recommended by Kimberly Edwards LaComba
3. The Lean Startup by Eric Ries -- recommended by Matt Barber
4. Zero to One by Peter Thiel -- recommended by Franklin McCullough
5. Rich Dad Poor Dad by Robert Kiyosaki -- recommended by Mannan Gupta
6. The 100 Dollar Start Up by Chris Guillebeau -- recommended by Nawaz Dangra
7. Produced by Faith by Devon Franklin -- recommended by Say Smith
8. The Crowd: A Study of the Popular Mind by Gustave LeBon -- recommended by Ingo Behle
9. The Seven Habits of Highly Effective People by Stephen Covey -- recommended by Puna Snamandla Gumede
10. The Pursuit of Happyness by Chris Gardner -- recommended by Vrush SG

Things that motivate employees more than MONEY

You don’t need to be hot; You just need to be successful and those are two different things. Success often comes from doing a few things extraordinarily well and noticeably better than the competition.

1. Catch People in the act of doing things Right not Wrong: Everyone wants to be recognized and it's the basic instinct of being a human and  good news is that it’s one of the easiest things to give. Appreciate every improvement that you see your team members make.

2. Make your ideas theirs: People hate being told what to do. Instead of telling people what you want done; ask them in a way that will make them feel like they came up with the idea. “I’d like you to do it this way” turns into “Do you think it’s a good idea if we do it this way?”


3. Instantaneous feedback: Instantaneous appreciation/criticism are highly effective because the feedback is immediate, unlike the annual reviews where you are charged for things committed several weeks or months ago.

4. Appreciate in public:  Once you’re comfortable delivering appreciation one-on-one to an employee, try appreciating them in front of others. Highlight your top performers’ strengths and let them know that because of their excellence, you want them to be the example for others. You’ll set the bar high and they’ll be motivated to live up to their reputation as a leader.

5. Never criticize in public: No one, and I mean no one, wants to hear that they did something wrong in public; Take it to the private conversations. Try an indirect approach to get people to improve, learn from their mistakes, and fix them. Ask, “Was that the best way to approach the problem? Why not? Have any ideas on what you could have done differently?” Then you’re having a conversation and talking through solutions, not pointing a finger.

6. Empower people to take decisions and make them accountable:  Encourage Agile(Learn, Unlearn, Relearn - "Fail Fast, Fail Often, Learn Fast"); Foster Open Communication; Reward self-improvement;  Clearly define Roles; Appreciate honest efforts

7. Give recognition and small rewards: These two things come in many forms: Give a shout out to someone in a company meeting for what she has accomplished. Try simple things like lunch, dinner, family vacation, trophies, spa services, and plaques.

      Traits that will get you promoted .. Jack Welch

      ref: http://www.businessinsider.com/jack-welch-explains-how-to-get-a-promotion-2015-6
      3 traits:
      1. Over-delivering on results within the values criteria
        • Consistently deliver on performance
        • You have the behaviors to go with it, your boss will know that you can always be counted on - you will hit the numbers. 
      2. Big-Picture
        • How our product fit into the larger scheme of things
        • A deeper, broader understanding of where your organization stands in relation to the other players and the playing field
      3. Make your Boss look smarter

      Time Management Tips ..


      "Time is beyond our control - the clock keeps ticking regardless of how we lead our lives. Priority management is the answer to maximizing the time we have." – John C. Maxwell

      ref:


      The time management matrix made popular by the late Stephen R. Covey will help you identify what you really spend your time on. It's a particularly useful tool if you want to know how to prioritize work, personal roles, goals and commitments.



      1. Pickle Jar Theory - The Cost of Small Time Consuming Tasks

      The Pickle Jar Theory illustrates how relatively unimportant tasks or commitments can easily take up much of a person’s time. Filling one’s day with small trivial tasks that are not important prevents one from using that time to complete larger or more important tasks and projects.


      The theory uses a pickle jar and its contents to represent time management. The inside of the pickle jar represents a person’s time, and all the different tasks and commitments that take up that time are represented by rocks, pebbles, sand and water that are placed into the jar.

      • Rocks are the important things that require immediate, significant attention, and produce a huge benefit when they are accomplished.
      • Pebbles produce a benefit, but they are not as important as the tasks represented by the larger rocks.
      • Grains of sand signify small, time-consuming tasks that are relatively easy to do but are of little importance, filling in the leftover space. Things like text messages, constant email checking, and idle chit-chat all take time, but generate little benefit.
      • The final component, water, fills in what little space remains, and represents the tasks and idle moments that fill all the remaining space.
      • The key to using the Pickle Jar Theory is to be aware of which tasks are “rocks,” providing large benefits and requiring immediate attention. Once you know which tasks are “rocks,” you can turn your attention to the “sand,” paring it away to make room for more rocks. Various techniques can be used to diminish the number of grains of sand in the jar.
      2. Pareto’s Principle(80/20 Rule) - Focus on the Tasks with the Greatest Benefit

      Pareto's principle suggests people can work smarter by concentrating on the important things from which they derive the most benefit. The 80/20 rule, in its broader form, says that a small number of causes is responsible for a large percentage of the effect, in a ratio of about 20:80. In time management, 80% of your results come from 20% of the time and effort you invest or that 20% of tasks absorb 80% of available time. By finding the ideal 20% of your tasks to spend 80% of your energy on, you can avoid wasting time or effort.


      3. Parkinson’s Law - Reduce the Time Assigned to Each Task


      Parkinson’s Law is simple and straightforward: the time required to complete a particular task will expand according to the amount of time it is allotted. In simple terms, a task will expand to fill any deadline. Giving yourself less time to do something will lead to faster completion. Slowly reduce the time allotted for any given task, and eventually you’ll find the sweet spot in which it gets completed without feeling rushed. Like the other theories, this changes the way you approach using your time, illustrating that less time can lead to better, more effective work.


      The secret to massive productivity can therefore be drawn out of this principle: give yourself impossibly short deadlines.  If you must finish it in a day, you will.


      4. Newton’s First Law of Motion - What is at rest remains at rest; what is in motion continues in motion

      When you’re procrastinating, you’re at rest and, as a rather pleasant state, it’s hard to start doing things. But it also happens that when you’re doing things, you enter in a state of motion, and it’s equally difficult to stop because, after all, the fact of completing tasks is also satisfactory. So keep this in mind, and get to work soon every day. Learn to take the first step doing whatever task is at hand. Tasks in motion tend to get done. So just start ..