The Success Pyramid will make you rich! HABIT 4 of the Success Pyramid: Understanding how repeating GOOD HABITS can make you Rich!

The Success Pyramid will make you rich! HABIT 4 of the Success Pyramid: Understanding how repeating GOOD habits can make us Rich!
In Habits 1 and 2, I argue for the importance of changing our habits to eat smarter and to begin to understand that we are a product of our ancestors whose number one priority was survival and number two priority was competitive advantage.

Habit 3 explained the importance of being physically and mentally fit as critical if we are going to be financially successful.

Financially successful to me means having excess funds after using money for my family, my community and for me.

I do not know of many business owners who are NOT persistently looking for better habits who are rich.

Every successful business owner I know is able to maximize their contributions to their retirement plan and build wealth in their business.

Improving our Habits is the key! Once we focus on finding better ways to get better results and then make these habits, we become richer. Many of these habits are discovered by trial and error and by learning from other human beings experiences.

In Outliers, Malcom Gladwell examines the factors that contribute to high levels of success.
Microsoft co-founder Bill Gates achieved his extreme wealth by being focused on computers. The Beatles became one of the most successful musical acts in human history by having the opportunity to improve and practice their craft by working in Germany in the all night bands.
Throughout his book, Gladwell repeatedly mentions the “10,000-Hour Rule”, claiming that the key to success in any field is, to a large extent, a matter of practicing a specific task for a total of around 10,000 hours.
I disagree with Gladwell’s conclusion. I think the key is to find the superior ways to get better results. A restaurant owner could work 100 hours per week for many years but just working a lot of hours would not make him a financial success. He could instead be physically and mentally exhausted and going bankrupt.
A software programmer could work 5,000 hours and be very successful.
The E-Myth’s Michael Gerber talks about the need for “continuous improvement”. I call this trial and error.
When something works well and poorly, I write it down in my journal and I use my eyes, my voice and my ears to reinforce my thoughts.
It takes 30 seconds to 1 minute but leads to feelings of survival and self-esteem!

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Jeffrey Brooks, CPA, CFP, MBA since 1976 has specialized in helping clients save significant taxes, help businesses increase their cash flow, revenues and profits while increasing their control and satisfaction. Jeff and his accounting firm sincerely cares about the happiness of his clients.

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