10 most common life mistakes of young people

10 Most Common Life Mistakes Young People Make

“It’s good to learn from your mistakes. It’s better to learn from other people’s mistakes.” – Warren Buffett.

This quote means a lot to me because people don’t learn from others’ mistakes. Instead of studying the history of business, successful people, and failures, most people spend their time watching YouTube, television, or Netflix. Because of that, they consistently repeat the mistakes of their ancestors.

“History doesn’t repeat itself but it often rhymes” -Mark Twain

This provides a huge opportunity for you to get ahead if you just spend a bit of time to study the past and look for patterns. You could save years of time and hundreds of thousands of dollars in failed investments. Personally, I’ve learned quite a few financial lessons this year from the mistakes of others, here’s one:

Make sure you read and understand all of any contract you sign.

  • An older example: Sam Walton, founder of Walmart, a multi-billion dollar company, revealed in his bookMade in America, that he was forced to sell his first thriving business because the landlord wanted the business for his son and had a clause in the contract that forced it when his lease ended.
  • A recent example: The millionaire YouTuber Fouseytube revealed in a vlog that he lost thousands of dollars by signing his first YouTube MCN contract with someone who took almost all of his advertisement earnings because he didn’t read.

Lately, I’m seeing another common mistake repeat itself as many social media influencers are striking it rich at an early age, getting cocky, and acting foolishly.

Learning from the mistakes of others will help you shortcut your way to the life you want in a fraction of the time. To find out more, listen to this podcast episode where I reveal the top 10 most common life mistakes of young people:

Want to explore the other podcasts I’ve released? Click here to check out the Podcasts section of the site. 

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Will's Personal Development Podcast

Will's Personal Development Podcast

Is there a mistake you are seeing that wasn’t mentioned? Leave a comment and let me know. But you know how I love rigorous evidence to back up any claims, so make sure to include that in your response.

Views – 331

get billionaire advice online

11 Billionaires That Give Frequent Advice Online You Should Follow

Believe it or not, you can get fairly frequent advice from billionaires online.

When you have over a thousand billionaires in existence, it’s not surprise that at least few are fairly plugged into the online world.And I highly recommend getting advice straight from the top rather than someone who is moderately good at a skill. And who better to turn to than billionaires?

When I have some free time, I always like to check up on these people and the new advice they’re putting out. Here are a list of billionaires that put out at least semi-frequent advice online.

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Views – 285

pay yourself first

Paying Yourself First Definition: Why It’s Vital For Budgeting and Becoming Rich as Heck

I was watched this video by Tony Robbins and it sent chills down my spine. Start this video at around 8:00.

The Too Long Didn’t Watch of it is that he’s known TONS of people who made millions of dollars but ended up broke and bankrupt. He mentioned examples like the highest paid actress of her time, a top actor in The Godfather, Marvin Gaye, Michael Jackson, a top athlete from the Boston Red Sox, Floyd Mayweather, and Mike Tyson who made $500 million.

How is that possible?

It’s quite simple. They spent more than they earned rather than saving and investing their money.

There’s so many more I know of that he didn’t mention like the rapper 50 Cent or the teen singer, Aaron Carter, who made $100 million before 21. Tony said that he learned that Floyd Mayweather literally would spend every cent he would make after he earned it from a fight and repeat.

Saving money is more important than ever now that we’re bombarded with peers showing off their excessive spending on social media and because we live much longer than ever before after retirement.

And the key to doing so is a concept called paying yourself first. 

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Views – 332

Books written by billionaires

102 Books Written By Billionaires (A Constantly Updated, Complete List)

If you read all of these, you will not come out the same person you came in (and I mean in a good way).

Here is a list of all the books written by Billionaires.

I have looked all over the Internet for a list and I have yraet to find a list that even comes close to what I’ve compiled here. The reason is simply because no one seems to be as plugged into the billionaire universe and the books out there as me. Nor have many people set out a goal to read most or any of them.

Note: Richard Branson made a good point in his book that news and internet estimates of net worth are usually wildly off in both directions. I tried my best with this list by giving more weight to people many magnitudes over a billion and people who are obvious (Bill Gates or Phil Knight, founder of Nike). Finally, I also put more weight on the only two net worth sources I trust: Forbes Net Worth Billionaire List and Fortune.

If you know of a book by a billionaire not on this list, leave a comment. I will keep updating this page. 

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Views – 1855

s truett cathy founder of chick fil a

3 Secrets of Success From S. Truett Cathy, the Founder of Chick Fil A

I’m a big fan of the billionaire, S. Truett Cathy. But most people don’t even know who he is (He’s the founder of Chick Fil A).
I’ve loved going to his stores for over a decade. Truett’s book It’s Easier to Succeed Than To Fail, where a billionaire lays down his secrets to successis one of those rare gems. It’s a must-read and huge opportunity that most people are missing out on.

Outside of his wealth, Chick Fil A still has one of the best customer experiences out of all the fast food places I’ve visited. They still carry out the food to your table when you dine in. On top of all of this, they still remain closed on Sundays for religious reasons, which turns away millions of dollars in sales and lets their competitors get ahead. I think this is admirable because it shows that money isn’t everything and you have to commit your values straight.

When I dove into this book, I was amazed at how humble and simple of a man he was. His lessons on gratitude and living life go far beyond just making money; they touch on something even more important.

Watch this video and discover three big lessons I learned from the book. You will learn:

  • why “easier” is not the same as “easy.”
  • a secret to making billions of dollars.
  • why time and life are more precious than money through a deeply personal story.

Once you had a chance to watch, I’d love to hear from you. In the comments below, let me know what’s the most useful insight you took away from the video and what is one specific action you can take now to put it into practice?

Please share as much detail as possible in your reply. Tons of people come here everyday for help and your story may be just what they need to have a breakthrough.

Thanks again for sharing your positive vibes and making this tiny hangout one of the coolest, most game-changing places out there.

-Will

P.S. if you know one or two people who would find this valuable, please share this with them.

P.P.S. there are some cool facts about Chick Fil A I learned from the book that I have to share with you…

How did Chick Fil A get its name? The sandwich. It wasn’t anything innovative. He named it after the Chicken Fillet sandwich he invented; it’s as simple as that and he’s never changed it.

Where did Chick Fil A’s logo come from? That red chicken logo has been there since the start. Similar to what Phil Knight did with Nike, that logo was bought for pennies on the dollar from a random graphic designer. He never ended up changing it. It just goes to show you that the logo doesn’t matter nearly as much as people think. I think it’s retarded when people start a company and waste thousands of dollars trying to get the right logo; you can figure that out later (or it may be good enough already and never worth changing). For Phil, he didn’t even like the checkmark logo. But it stuck!

Views – 218

How to improve and build willpower

How to Improve Willpower, the Most Important Key to Success

Have you ever wondered what the #1 key to success is?

I was reading the book 15 Secrets Successful People Know About Time Management and I think it finally clicked.

The book interviewed a billionaire who said that what set him apart from others wasn’t his intelligence, but his willpower. It was his willpower to commit and do the things he set out to do. 

Why Willpower Matters

So why else is willpower (also known as self-control) important, other than just because a billionaire said it helped him earn more money?

Two Australian psychologists, Meg Oaten and Ken Cheng, have your answer. They found that exercising self-control in one area of life helps improve all areas of life that require willpower. They found this by having numerous test groups who all had different willpower-themed exercises:

  • money-management and budgeting.
  • studying and concentration.
  • exercise and fitness.

Afterwards, they tested the students and found that they performed better on all the willpower tests in each of the areas even though they only worked on one of them. They worked out more, studied more diligently, and spent less impulsively.

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Views – 673

Whats most important in business

Why Being Customer-Centric Is The Most Important To Secret to Business Success

I’m going to share with you one central concept mentioned by billionaires to help you succeed in business.

It’s simple and yet no one really emphasizes it. In fact, if you quizzed any business owners, they couldn’t give you an instant answer (even though they should).

What is it?

I call it the priority hierarchy:

Customers first, then employees, then investors.

A lot of billionaires are very clear on who they should serve and take care of first and foremost. And I think it’s central to the success of their business.

Here’s what average and mediocre businesses do:

They don’t care about any of this. They treat everyone the same: horribly.

They treat their employees, customers, and everyone else really bad.

They don’t bother to read articles like this.

You’re not like that. Good for you!

Now how do we understand this to operate on a higher level?

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Views – 882

how to study effectively

How to Study Effectively: Lessons From The Masters

When I was in school, I was a beast. I was juggling ALL advanced placement courses, practicing one to two hours of piano for competition, studying hours for the SAT, and running track … all in one night. Yet it was one of the most productive, fulfilling, and exciting times of my life. Why?

Because most people don’t realize the opportunity in hacking studying. Studying is an art form that can be improved and used not only for school, but also for modeling masters when you enter the corporate world. 

You will learn in this audio podcast episode how to study effectively (hint: all you need is to use a secret tactic during lunch time).

Thanks for Listening!

With most skills or goals in life, there is a proven pattern of success that has worked most effectively so far in life. If you want to earn more and perform at a higher level, there are tricks for that. For studying, I’ve gone into detail on this. But if you want some bonus tips specifically for school, check out my video below:

To share your thoughts, leave a note in the comment section below and I’ll try to respond.

To help out the Podcast Audio show:

Leave an honest review on iTunes. Your rating and review really helps and I read each one.

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Will's Personal Development Podcast

Will's Personal Development Podcast

Views – 362

luck vs hard work debate

The Luck Vs. Hard Work Debate: What Matters Most In Life Success

What matters in life in order to success? The standard debate goes something like this, “What bring success in life: luck or hard work?”

But that’s the wrong approach. Both are at play. It is not one or the other. Also, there are more factors you can leverage to succeed.

Today, I cover the following topics:

  • Does luck play an important role in life success?
  • How luck plays a role in someone’s success (I reference case studies like billionaires Warren Buffett and Bill Gates).
  • What matters more: luck, hard work and effort, or other factors (I’ll explain what these other factors are).
  • Why life is not all about luck.
  • Keys to motivating yourself and having a strong work ethic.

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Views – 1886