What’s Your Whetstone?
What’s Your Whetstone?
Post From Rich Habits By Thomas C. Corley
“Give me six hours to cut down a tree, and I will spend the first four hours sharpening my axe.” – Abraham Lincoln
What sharpens your axe?
It’s an important question because it gets to the core of what is required in order to become rich and successful.
I have spent over a decade studying self-made millionaires. The one common denominator they all seemed to have were daily habits or daily routines that enabled them to sharpen their axe by consistent daily self-improvement.
Most of that improvement was related to their business, careers or vocation. But many of those self-improvement habits also included keeping fit and healthy and little secrets they deployed to build relationships with other rich, successful people.
Because I had a front row seat that allowed me to peer into the minutia of the daily lives of the rich and poor, I learned that those who were constantly sharpening their ax happened to also be the richest and most successful individuals.
So, in an effort to become rich, I took a page out of the book of these self-made millionaires and decided to create my own whetstone to sharpen my own axe.
For me, my whetstone is a proven process that has become my morning routine, or set of habits:
I wake at 5am each day (Habit) – 25% of the time I wake up at 4am. 25% of the time I wake up at 5:30 am.
I get my coffee (Habit) and go down to my “Hole” (basement office).
I review my Word List for 15 minutes (Habit) – My Word List is a list of words I am committing to memory.
I review my Facts Summary or Study Summary for 15 minutes (Habit). My Facts Summary are important facts I feel it is important to know. My Study Summary is a summary of the thousands of studies I’ve poured through over the years that make their way into media articles and my books.
I read for 45 minutes – Reading material = studies, specifically selected articles, latest non-fiction book, etc.
I write for 45 minutes.
I spend about 30 minutes reviewing my work – articles, TV interviews, Internet media interviews, speaking engagements, radio interviews, podcast interviews, etc.
To continue reading, please go to the original article here:
5 Pieces of Financial Advice to Avoid at All Costs
Suze Orman on the commonly accepted money tips it pays to ignore.
By Suze Orman
Bad financial information doesn't come only from scammers; even our loved ones can unwittingly steer us wrong. That's why knowing what not to do with your money is often your biggest asset. In general, there are two little words that should set off everybody's suspicion meter: Trust me. Anyone who gives you this line—whether a financial adviser or your significant other—is disrespecting you.