background preloader

20 Things The Rich Do Every Day

20 Things The Rich Do Every Day
So what do the rich do every day that the poor don’t do? Tom Corley, on his website, outlines a few of the differences between the habits of the rich and the poor. 1. 70% of wealthy eat less than 300 junk food calories per day. 97% of poor people eat more than 300 junk food calories per day. 23% of wealthy gamble. 52% of poor people gamble. 2. 80% of wealthy are focused on accomplishing some single goal. Only 12% of the poor do this. 3. 76% of wealthy exercise aerobically four days a week. 23% of poor do this. 4. 63% of wealthy listen to audio books during commute to work vs. 5% of poor people. 5. 81% of wealthy maintain a to-do list vs. 19% of poor. 6. 63% of wealthy parents make their children read two or more non-fiction books a month vs. 3% of poor. 7. 70% of wealthy parents make their children volunteer 10 hours or more a month vs. 3% of poor. 8. 80% of wealthy make Happy Birthday calls vs. 11% of poor. 9. 67% of wealthy write down their goals vs. 17% of poor. 1. 2.

Related:  Fiscal Educationleadership and soft skillsinversiones

Economic Synopses - Research Publications Home > Publications > Economic Synopses > 2013-09-25 by Alexander Monge-Naranjo in Economic Synopses, 2013, No. 27 One of the most interesting features of the Great Recession is that—contrary to other global recessions—it was mostly a rich-country phenomenon. The Great Recession of 2007-09 led to a global collapse of international trade flows. Indeed, international trade flows fell 30 percent relative to gross domestic product (GDP) (Eaton et al., 2011). From August 2008 through April 2009, U.S. non-petroleum real imports and exports fell about 27 percent, a much more pronounced drop than occurred in production (Alessandria, Kaboski, and Midrigan, 2010).

10 Signs You're Not Cut Out to Be an Entrepreneur About half of Americans dream of opening their own businesses, according to a recent survey by the UPS Store, but with 50% of small businesses failing within the first five years, how do you know if you're an entrepreneur ... or a "wanna-preneur"? "When we go through recessions and people lose their jobs or are offered buyouts, many decide it's their impetus to launch their own company," says entrepreneur and business coach Daniel C. Steenerson.

A 10-Week Plan to Cut $1,000 a Month from Your Budget: Ready for the Challenge? If you've made a New Year's resolution to get your finances in shape, you're not alone. A survey from Fidelity Investments finds a record number of consumers -- 54 percent -- resolved to save more or spend less during 2014. Unfortunately, if you go about it in the usual way, you're likely to fail. That's because most people don't put any more effort into their resolutions other than dreaming about what they wanted to be when they grew up. Charting the Economic Life Cycle NBER Working Paper No. 12379Issued in July 2006NBER Program(s): AG Understanding the economic lifecycle – how it varies and why – is important in its own right, but is also critical to understanding how changes in population age structure influence many features of the macroeconomy. Economic behavior over the life cycle can be summarized by the average levels of consumption and labor earnings at each age, as shaped by biology, culture, institutions and individual choice. Here we present estimates of these in detail for the US and Taiwan, showing the roles played by public and familial transfer systems as well as asset accumulation, and present more basic profiles for selected additional countries drawing on studies from a larger project. Average economic dependency occurs when consumption exceeds labor earnings, typically in childhood and old age. A changing population age distribution alters the relative numbers of weighted consumers and producers, as summarized by the support ratio.

4 Things Investors Need to Know About Your Startup Angels, venture capitalists, private equity firms and mutual funds all evaluate investments on the same four basic criteria. At the various stages of a company's evolution from brilliant-insight baby to billion-dollar behemoth, those investors will weigh your attributes differently. When you pitch your company for funding, focus on these four topics: Our strategy is sustainably differentiated.

Education “If you don’t know where you are going, any road will get you there.” — Lewis Carroll Daktori’s first goal is to help doctors see a path to a more financially rewarding future in medicine. We offer a wide range of education and training aids as part of our Financial Fellowship Program. The Physician’s Money Manual Dreaming Big: How 4 Real People Reached Their Money Goals If you had a financial fairy godmother, what would you wish for? A new home? A robust retirement account? An emergency fund that could cover you no matter what? Well, we don’t have a magic wand, but we do have the next best thing: four real-life cases of people who’ve achieved enormous financial goals. Sequestration: A Glossary of Political Economy Terms - Dr. Paul M. Johnson Originally a legal term referring generally to the act of valuable property being taken into custody by an agent of the court and locked away for safekeeping, usually to prevent the property from being disposed of or abused before a dispute over its ownership can be resolved. But the term has been adapted by Congress in more recent years to describe a new fiscal policy procedure originally provided for in the Gramm-Rudman-Hollings Deficit Reduction Act of 1985 -- an effort to reform Congressional voting procedures so as to make the size of the Federal government's budget deficit a matter of conscious choice rather than simply the arithmetical outcome of a decentralized appropriations process in which no one ever looked at the cumulative results until it was too late to change them. The prospect of sequestration has thus come to seem so catastrophic that Congress so far has been unwilling actually to let it happen.

Three Tips to Start a Consulting Business Starting a consulting business is one way of drawing on your expertise and creatively making use of problem-solving skills. It’s a popular – and potentially lucrative -- avenue for aspiring business owners. The consulting industry in the U.S. generates nearly $100 billion in revenues each year, according to a Harvard Business School analysis conducted in 2007. And it's an industry where one can earn upwards of $400 per hour depending on the work and location, according to the Association of Management Consulting Firms, a New York-based organization. "People come into consulting from all different routes," says Andrea Coutu, a Vancouver-based marketing consultant and founder of the blog Consultant Journal. If you're ready to hang your own consulting shingle, consider these three strategies to get started.