8 Wealth Habits of Financially Successful People: Discover How Successful People Acquire Wealth And How You Can Too by Ron Malhotra
About The Book:
The Success Answer: 8 Wealth Habits of Financially Successful People Discover How Successful People Acquire Wealth And How You Can Too! Are you where you want to be financial? If not, then this book is for you. What separates wealthy people from the rest? What do they think, do, or believe that attracts wealth to them like iron filings to a magnet?
Is there a secret? In fact, there are some surprisingly simple steps you can take to emulate their success and pave the way to financial freedom. Ron Malhotra has spent the past 15 years talking to people about their money. He noticed some patterns emerging. Financially successful individuals tend to have similar mindsets and ways of behaving.
Taking these insights and combining them with his deep knowledge of the financial industry, Ron has distilled this information into eight wealth habits that anyone can follow. If you are serious about your financial future, this book will help you transform your attitude to money and lay the foundations for financial independence
What you will discover within the pages of this book…
CHAPTER 1: Think Differently
CHAPTER 2: Invest In Yourself
CHAPTER 3: Don’t Trade Time for Money
CHAPTER 4: Invest To Create Wealth
CHAPTER 5: Preserve & Protect Wealth
CHAPTER 6: Don’t Take Unnecessary Risks
CHAPTER 7: Be Conscientious About Your Money and Future
CHAPTER 8: Surround Yourself with Trusted Experts
So what are you waiting for….let’s get started!
The Eight Habits This book outlines eight key habits and attitudes that are essential if you want to take control of your financial destiny. It includes some information that you might not be expecting in a book about money. Because the mind has such a powerful role to play in the creation of wealth we begin by looking at the way the wealthy think and how to take control of that powerhouse between your ears and get it working for you, not against you.
Investing is another issue we tackle, but not just investing in property and shares, although we’ll look at that too. How you invest in yourself, your talents, skills, and passions is a vital step to money mastery and something that is practiced by successful affluent individuals. Having money is one thing, keeping it is something else. Did you know most lottery winners blow the whole lot within seven years?
You don’t want to do that with lottery winnings, your precious savings, and investments, or any inheritance you get, so we’ll examine ways you can minimize risk and protect your assets. Unless you are a total genius I doubt you are good at everything. I know I’m not. Wealthy people don’t try to do it all themselves, they have teams of people to help them.
This is not something only for the super-wealthy. If you have ever called a plumber, used an accountant, or managed a home renovation project then you have already assembled a small team of your own. We’ll look at how other’s expertise can help you gain financial freedom.
About The Author:
Ron Malhotra AFP® PGrad. Bus. ADFS (FP) MBA AFA AChFP is an award-winning Financial Advisor, International Speaker, Advanced Mindset and Success Coach, Certified Leadership Trainer, Radio Host, and a #1 Best-Selling Author.
Ron’s passion is to empower people, by delivering a comprehensive and leading success formula that is based on the most advanced psychology of success and proven fundamentals of wealth and prosperity.
Ron is achievement-obsessed and is an influential motivator, Ron has the unique ability to inspire and transform people’s thinking that is holding them back from achieving personal or financial success.
Ron is an experienced media interviewee and speaker and is available for speaking and presenting on any matters related to success principles, personal growth, and wealth creation. Ron’s views are featured regularly in the media and have been published on ABC, Financial Review, CNN, Money Magazine Financial Observer, IFA (Independent Financial Adviser), Investing Daily, Fox News, Wallstreet Select, and Small Business Trendsetters.
Ron is featured in Motivational Speakers Australia as a professional speaker. Ron with Joel Brown from Addicted2Success Ron with Joel Brown from Addicted2Success Ron is also a qualified and Award-Winning Financial Advisor and the founder and Managing Director of Maple Tree Wealth Management, a wealth management firm based in Melbourne Australia.
His 2021 book is: INDOCTRINATED: HOW THE TRADITIONAL EDUCATION SYSTEM PERPETUATES MEDIOCRITY CONFORMITY & INDISTINGUISHABILITY
“What I want for myself I want for others” – Ron Malhotra
RON’S AREAS OF EXPERTISE
SUCCESS | MINDSET | WEALTH | LEADERSHIP
Did You Know: (Book Articles)
LEVEL ONE: PURPOSE
we all want to be successful. But what is success? It is about getting all that you want to have. It’s about achieving your goals and fulfilling your dreams. It’s waking up in the morning and feeling victorious. It’s living your ideal life; life on your own terms. OK. You may be nodding your head and saying, “I knew that.” But what you may not know is specifically what it is that would make you feel successful.
THE SUCCESS ANSWER
Perhaps it’s status, and for you, that might mean earning a million dollars or winning an Olympic Medal. Or perhaps it’s respected and you wish to become a professor at the University of Melbourne, or even win the Nobel Prize? Perhaps it influences and you wish to become the CEO of a big company that is working on reducing global warming or work for UNICEF to better the lives of the world’s children. Or maybe it’s not so grandiose. Maybe it’s the happiness that you would get from marrying the man or woman of your dreams, maybe it’s losing twenty kilos, or maybe it’s just having the people in your circle of friends and family turn to you for advice.
“Success is not the key to happiness. Happiness is
the key to success. If you love what you are doing,
you will be successful.”
Problem is, most people don’t get what they want out of life. One of the primary reasons is that they haven’t decided what that is. Or, they know what they want but assume they’ll never get it, so why to try.
“One day your life will flash before your eyes. Make
sure it’s worth watching.”
Success is not something you are born with. It is a learned behavior, and anyone can learn it if they know the keys to success. But it won’t happen without change. To succeed, you must take risks and try new things. You must move outside your comfort zone and explore new territory. You must stare your fears in the face and challenge them. You must mingle with the right people. You must stretch your abilities. Can you do this? You can, by following the strategies I set for you in this book. Now, let’s look at strategies that will help you to map out your road to success.
STRATEGY ONE: Finding Your Purpose in Life, Your ‘Why’
“He who has a why to live for can bear almost anyhow.”
“The two of the most important days in your life are the day you were born and the day you figure out why.”
Three electricians were working on the Apollo spacecraft Three electricians were working on the Apollo spacecraft of the US space program. A reporter asked each what he was doing. The first said, “I’m inserting transistors into circuits.” The second answered, “I’m soldering these wires together.” The third explained, “I’m helping to put a man on the moon.” Do you see the difference? The third man had a purpose in life.
Have you ever wondered what your purpose is, what will give you bliss? Most of us have at one time or another. We all have a purpose in life. Our purpose is our compass on life’s journey. When we find it, everything in life seems to fall into place and things flow. We feel alive, engaged, interested in the world, charged, determined, and joyful.
We know what we love to do. We do what we’re good at. We accomplish what’s important to us. We draw toward us the people, resources, and opportunities we need. Suddenly, we have a direction to make life decisions, set goals, and pursue our dreams. Opportunity seems to fall into our lap.
Without purpose, we just drift along, lost and in peril of constantly taking the wrong turns down bumpy roads leading nowhere. Now imagine a beautiful ship. This ship is huge and has state of an art structure and the latest technology. It has a beautiful body and finish.
The ship is on the ocean, making its way through the treacherous waters. But … the ship does not have a captain. It does not have a compass and it does not have direction. It does not matter how well-built or magnificent the ship maybe, I am sure you will agree that without a compass and a captain, it is very likely to sink or end up shipwrecked somewhere.
Being without purpose is like being on a ship without a compass. If you do not want to wander aimlessly and end up somewhere you do not wish to be in your life, you will need to identify your purpose. So ask yourself, what is your purpose?
What category does it fall into?
♣ Civic duty
If you’re unsure, here are (10) steps to help you figure out your purpose in life:
Step One: Explore What Would Make You Feel Successful
Everyone has a different conception of what would make them feel successful. What is yours? Make a list of no more than five things. Set priorities. You may wish for a million dollars—most people do—but that may be low on your list. High on your list might be to see your child get a Ph.D. or see yourself get a Ph.D.
Step Two: Explore What You Are Good At
What are you good at? Give this a lot of thought because you’re likely to discover things about yourself that you haven’t realized. For instance, a friend of mine is brilliant at color perception. But she never realized this until she started painting late in life. If she hadn’t finally discovered this, she never would have been able to use her natural talents fully. And truthfully, most people never do tap into all their potential.
Don’t let yourself be one of them. Ask yourself: what seems easy? Perhaps it’s math, perhaps it’s writing, or perhaps it’s technology. If you’re stuck, make a list of all the things you do well. People are smart in different ways. Some people are amazing athletes but are lousy in math. Others are a whiz in maths and science but have two left feet and don’t know left from right.
Some learn languages at the drop of a hat while others can barely get out an intelligible sentence. Some people have amazing intuition about others while others are always putting their foot in their mouth. All are smart! Just in different ways. Figure out where you excel and put all your might into developing those skills.
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