Wednesday, November 27, 2019

3 steps to become richer and more successful

3 steps to become richer and mora successful3 steps to become richer and more successfulWealth begins with a choice. A choice requires a commitment, and a commitment leads to actions.The most powerful words in the English language are I am.What follows those words are critical. I am thin. I am healthy. I am wealthy. I am powerful. I bring joy and energy to people around me. I am a great leader to my team facilitating growth and opportunity. I am worthy. I am powerful. I am a great dad.Once you decide I am wealthy, in that moment you are, in fact, not more wealthy, but the path will clear ahead of you. The how you will get there will become apparent, and the obstacles that stopped you will have less power.Use the power of affirmations. Write down the ones that empower you. Put them next to your bed and read them before you fall asleep and when you wake up. Train your brain, and it will take care of you.If you make the decision to be wealthy, then it doesnt matter what career you have. There is a janitor mentioned in our book, Wealth Cant Wait, who gave away 8 million dollars at his death.So the question becomes what are the actions required to build wealth in your particular career?The answer could be live to live below your means, save every penny and invest in index funds, or something that grows over time. But there are three other important commitments you can make.1. Be the best you can be at your careerWork hard to serve others. The habitat of being the best you can at your vocation will serve you for a lifetime. It will also lead to increased compensation, which is useful in building wealth.Even if you dont love it, take pride in it and do your best. If this position is not for you, work hard at it, and the next door will open. Take pride in everything you do, and your next job will find you.2.Begin with the end in mindAsk these questions 1. What is wealth to me? 2. What wealth do Iwant in mylife? Carefully answer those questions and be as specific as you possibly can.For example, one important aspect of wealth is to achieve financial independence.But thatis just the beginning of the inquiry. Go deeper what, specifically, is financial independence to you? What does it look like? How would you know if you had it?For us, the first step to financial independence is having enough income to offset all of your living expenses with passive income.This means that money coming in from your investments - dividends, rents, etc. pay for your current lifestyle.To create more motivation and mindset to achieve your goal, ask yourself why specifically is this important to me? What, specifically, do I get out of this? This is an emotional impact and intrinsic motivational question. You might be surprised to find that often different people have very different reasons or intrinsic motivations to achieve the same goal.Realize that if you are successful in building wealth, eventually your entire job becomes managing your wealth. So begin now by laying out a plan toward your financial freedom.Say your goal is $10 million net worthin 20 years. Break that down to a present number and work toward your goal.3. Find a career that doesnt feel like work to youFind the thing that you love to do play disguised at work. The more you align your career with your natural calling, the more success you will have.Ask yourself is work hard if you love it? Who would truly want to succeed if it required sacrifice (giving up something that is vital to you)?Yes, you might have to limit drinking beer with your buddies to only one or two nights a week if you want to be a great student and get into a great school. Being the best at a job might require you to put in the extra effort and dive into what others shy away from. But, if you love what you do and you are passionate about the project (even if you dont love every aspect of work), then you can achieve greatness. And, if you are doing what you love to do, what are you sacrificing?We know lots of peop le who work so hard that they dont have time for family, friends, or being healthy. But, we know that this is not necessary to achieve great success. Having a thoughtful, purposeful plan and staying on it sixhours a day, with zero interruptions or distractions would lead most of us to accomplish more every day that someone who works more than 10-hour days sixor sevendays a week.If you are in a career that you dont love, know that it takes effort just to get to work. It takes effort, lots of it, just to get started each day. It takes effort to focus.If you do something you love and are passionate about,there is no effort in getting started the effort goes to execution. That is why we are so much more productive and successful when we do what we love. Wealth will follow.David Osborn is Operating Partner at Keller Williams andManaging Partner Align Capital. Follow him on Twitter. Paul Morris is CEO of a RealTrends top 50 brokerage and Regional Director ofKeller Williams.Follow him on T witter. They are the authors ofWealth Cant Wait Avoid the 7 Wealth Traps, Implement the 7 Business Pillars, and Complete a Life Audit Today

Friday, November 22, 2019

5 Things To Consider Before Walking Out On Your Job

5 Things To Consider Before Walking Out On Your Job5 Things To Consider Before Walking Out On Your Job Keeping emotions in check, particularly when you are fed up at your job , can be tough to do. But if you let it get the best of you and quit in anger or in a rage it can come back to bite you.Lots of people at some point have fantasized about taking a page from Steven Slater, the Jet blue flight attendant who quit over the planes public address systems, grabbed two beers and made his exit by deploying the evacuation slide. But following in his footsteps can actually end up torpedoing your career. After all, Slater was arrested for his actions and had to pay Jet Blue restitution.As much as you feel justified (by rage quitting) you create an illusion that you are the fly off the handle kind of person who cant keep emotions in control, says briekse Reynolds, director of online content at FlexJobs. For future employers youll look like somebody you cant be trusted to kee p themselves composed.Not only will rage quitting tatter your reputation but it will also be something that stays with you for years to come. Anytime you are on an interview you are going to have to explain your sudden departure and if you work in a specific industry potential employers may have gotten wind of it already.While it make be hard to control your emotions, especially if you have taken a lot from your current employer, there are ways to temper your reaction and protect your brand. From taking a step back to creating an internal check list, heres a look at five ways to prevent your emotions from causing you to quit.Chances are if you are contemplating quitting out of anger and frustration, its not the first time youve felt that way about your current job situation. One way to prevent yourself from losing it, says Reynolds, is to identity your triggers ahead of time. Lets say its your micro managing boss asking for a status update every ten minutes that gets you in a rage . If you know he or she can be a catalyst for your departure youll figure out ways to deal instead of quitting. Take into account every time you feel tense and frustrated, says Reynolds . If you know that sort of thing is coming you are more likely to be able to control yourself.Feeling fed up can ebb and flow depending on your state of mind, which is why Kathy Harris, managing director of recruiting firm Harris Allied advocates taking all of your available time off to reflect before letting your emotions rue the day. Use that time off to tweak your resume, think about what you want to do with your career and look for a new job. Cooling your heels for a couple of days or a week may be all you need to get your emotions back under control.Quitting may feel good in the moment but if it means you cant make your rent, put food on the table or otherwise pay your bills it will hurt over the long run. Because of that, Ben Peterson, CEO and Co-Founder of BambooHR, says one way to calm yours elf is to think about how quitting will impact your finances. You dont sell a car and then try to figure out what car to buy next, nor should you resign from your employer without having a plan B. If necessary Peterson says to self-impose a rule that you cant make employment decisions without a 72 hours cooling off period.If your boss or co-worker gets you in a rage a way to prevent it from getting ugly is to talk yourself down with a mentor or alley, says Harris. Sometimes all it takes is to have someone to talk to, she says. Be careful that the person you are venting to is trustworthy. After all things can get even worse if your alley repeats everything you said.A tried and tested way to calm an irate toddler or child is to put him or her in a time out. For adults who are thinking of quitting in a fit of anger a time out can work for them too. While it may not be feasible to sit on a naughty chair staring at the wall for ten minutes, Reynolds says taking deep breadths or having a place to go whether its for a walk around the block or in the bathroom can go a long way in calming you down. If you feel like you might be on the verge of rage quitting go to the lobby or walk around the block, says Reynolds. Remove yourself from the situation.

Thursday, November 21, 2019

This adorable puppy cant even save MoviePass from itself

This adorable puppy cant even save MoviePass from itselfThis adorable puppy cant even save MoviePass from itselfMoviePass clientele received an unexpected message belastung week from the subscription services director of barketing.With black, fluffy ears, puppy dog eyes and a MoviePass bandana, Chloe reached out to let users know the company is listening, learning and changing.Id like to explain why from time to time you may have had a ruff experience with us but it turns out that Im a dog and I cant talk, penned Chloe, who apparently can write. What I do know is that I see these humans working like crazy to make MoviePass better and better for you as fast as possible. Though Chloe is certainly meme-worthy, this particular PR stunt lacked luster for users frustrated that, with the companys constantly changing terms, they were getting almost no bang for their buck. The email welches one of many blunders the service has made since its meteoric rise last year.From thousands to millionsM oviePass has been around since 2011, but the service originally used a tiered pricing model that offered unlimited movies for a $50 price tag. For obsessive moviegoers in cities where ticket prices keep soaring, that rate may have been worth it. But only around 20,000 people were willing to pay MoviePass prices for access to their local theater.That changed in August 2017, when MoviePass CEO Mitch Lowe decided to slash subscriptions to $9.95 per month for what amounted to basically unlimited movies.After years of studying and analysis we found that people want to go to the movies more often, but the pricing keeps going up, and that prevents them from going more, Lowe toldVariety at the time. Were making it more affordable for people.It took less than a year for the services subscription base to skyrocket to 3 million, accounting for more than five percent of U.S. box schreibstube receipts. But that gargantuan growth proved unsustainable by May 2018, the company was losing around $22 million per month.False assumptionsMoviePass made several tactical errors when calculating its subscription cost. One was that users would bedrngnis actuallyusetheir service like so many subscriptions, the expectation was that a good number of people would sign up for the deal and then forget it existed. But when residents in states with movie ticket prices hovering in the double digits can pay for unlimited movies for $9.95, it turns out they not only subscribe, but they also go to the theater.The other assumption was that the massive amounts of data MoviePass collected about its subscribers would pay off. Touted as this centurysoil, data collection can tell companies who you are and where you go. And as Lowe pointed out, MoviePass has a lot of data about its users Their addresses, locations, ages, and demographics. But all of that information has yet to be monetized in a way that could save the service from its money-losing model.In addition to those missteps, MoviePass has jumpe d aboard projects destined to fail through MoviePass Ventures, a subsidiary that co-acquires films. The most infamous example is Gotti starring John Travolta, which managed to earn the elusive zero percent rating on Rotten Tomatoes. MoviePass promoted the film to its subscribers, but it still became yet another unwise gamble.Given MoviePass downward financial spiral, it is no wonder that stock in its parent companyHelios Matheson Analytics Inc. is now worth less than two cents per share.Problematic termsWhen MoviePass dropped its prices, the terms seemed too good to be true. And they were.After MoviePass started encountering financial problems, it introduced a number of modifications to its model, including peak pricing and ticket verification. Now, the $9.95 plan covers only three movie tickets a month, with lowered prices for additional tickets.MoviePass has also limited the selection of films subscribers can attend.On its website, users can view a calendar with supported movies. Newer or high-performing films dont usually make it on the list. In mid-November, none of the recent blockbusters - Bohemian Rhapsody, The Grinch, A Star Is Born - was supported.In this context, an email from the director of barketing is not what users want to receive. Theyre looking for information about why their subscription has become relatively worthless compared to when they enrolled, and what MoviePass is doing to make it better.The alternativeAfter MoviePass grew in popularity, AMC Theatres decided to follow suit. The movie theater chain began its own subscription service, which for $19.95 per month allows users to attend up to three films each week.AMC Stubs A-List gives subscribers access to all films and dates, including opening nights, and does not impede people from seeing the same movie twice.But even A-List has its shortcomings the service just announced a price hike in its most popular states. The affected areas will experience either a $2 or $4 increase in price starting in January, though current subscribers wont be affected until 12 months after they signed up.All of this is to say that movie subscription services are a tricky business, and there arefew models that are attractive to customers seem to be sustainable long-term.Though adorable dogs may be able to fix most things, Chloe likely is not the answer to these companies problems. But decades from now, subscribers will be able to tell their grandchildren about how back in their day, a puppy ran the marketing department for a company that let you could go to unlimited movies for $9.95 a month. That legacy makes it all worth it.