When you put money on a savingsaccount you receive interest. Usually banks will give you between 2 and 5 % interest on your hard-earned money. Apart from there being easy ways to make higher interest rates (which we won't go into now), it is imperative that you understand the concept of compound interest. There is not a single other concept that has made more people into millionaires than compound interest!
Continue reading...Monday, February 15, 2010
As you press the button for the 10th floor, you see a man hurrying to catch the elevator. You hold open the door and the man steps in. 'Thanks!' he exclaims as he presses the button for the 15th floor. The man extends his hand and introduces himself. It turns out he is the CEO of this company, something you know all too well. You have wanted a meeting with him forever, and now he is asking you 'So, what do you do?'
Continue reading...Thursday, February 11, 2010
Every day we are encountered by reasons. People give a reason for something in order to justify what they are doing. This is very normal behaviour, we all do this. But the reason we give is not the same as our true reason.
Continue reading...Monday, February 1, 2010
A friend of mine recently recommended this book to me. The book discusses the down to earth methods that the people at 37signals used to build their massively popular web applications, used by hundres of thousands of users world wide. With only three people!
Continue reading...Monday, January 25, 2010
I recently finished Robert G. Allen's book 'Creating Wealth'. This book is simply amazing for people seeking to build wealth and find financial freedom. Robert Allen is a true specialist and gives fantastic advice. Whether you have made your first million already or are just starting out on your road to financial wealth and freedom, this book is a must.
Continue reading...Wednesday, January 20, 2010
This very simple word, 'but', which is used in many languages, has a very profound meaning that most people do not notice. We tend to use this word very much, yet underestimate its power.
Continue reading...Wednesday, January 13, 2010
If you want someone to trust you, you will first have to become trustworthy. This is not an easy feat to pull off and being trustworthy has to do with very deep and basic personality traits. Stephen M. R. Covey dissected trust in his fantastic book The Speed of Trust. In this article I will discuss the the way to build trust and become trustworthy along the lines set out by Stephen M.R. Covey (this is Stephen R. Covey's son).
Continue reading...Friday, January 8, 2010
When I just started as an entrepreneur, managing my time was easy. I didn't. I just put every bit of energy into my company. Of course I also had my education to focus on, but obviously it suffered. Sports suffered too, as I stopped playing any sport for about one or two years. Almost every bit of time went into my company. And then it failed. I felt miserable. Something had to change.
Continue reading...Tuesday, January 5, 2010
"Wealth can only be perceived with the mind's eye" is a quote I read in a book recently. This is very true, it takes visualization to perceive a situation as an opportunity. This doesn't only apply to wealth, it actually applies to all opportunities. In order to create something, it first has to be perceived with the mind's eye (i.e. visualized). So how does one perceive with the mind's eye then?
Continue reading...Thursday, December 24, 2009
When you learn any skill, there are a number of stages that you go throw in order to learn that particular skill. This is the same for any skill that you can think of. Being aware of this process will greatly increase your ability to learn a new skill and also allows you to assess your progress when learning skills.
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Monday, March 8, 2010
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