Duncan Nugget® #21: Failure

No matter what happens or what mistakes you make–be it a bad grade, a bad interview, a bad relationship, bad credit, or just plain old bad decisions–always remember…

Suggested Reading:
A Lesson on Failure

Q & A: How do you retire with an extra million dollars?

Q: “You did a money management session today at Georgia State University…do you have any books you would recommend to[young people] for money management and investing? Lastly, what was the calculation that you did to figure out the millionaire question, in case I wanted to retire earlier? Thank you.”

Duncan Nugget #27: Flexibility

Learn to be more flexible and adaptable under stress and pressure. The more you can be flexible and adapt to the situation the more power you will have in the situation. According to the Harvard Business School adaptability rates as one valuable skills a leader can have.

Denkyem – the ‘crocodile’ represents adaptability

Duncan Nugget #25: Dollars and Sense

This is how most people think: I’ll trade some time for some dollars. Every time I do a task, project, or something similar I get paid for it.

This is how entrepreneurial minded people think: How can I do something once and keep getting paid for it even if I NEVER do it again?

That’s called residual income. Residual income, doing something once but getting paid for it over and over, is one of the secrets of financial freedom.

Examples: royalties from writing a book, making a film, recording an audio program or song, or building an ecommerce website.

Identity Theft Tip 2

Have you ever purchased something online? Here’s tip to make sure that when you’re buying a product online nobody’s stealing your identity.

When shopping on line check to make sure that the page is secure before giving out your personal info. Look for https (instead of http) at the beginning of the URL in the address bar.

Duncan Nugget #28: Networking

One of the most powerful questions you can ask a person when networking is- What would make a person/company an ideal client/customer for you?

Suggested Reading:
Million-Dollar Networking Questions

Homeless Millennials

I recently read that the average age of a homeless person in the United States is 9 years old. What?!

There’s been some debate as to whether or not that statistic is accurate, but either way there’s definitely a problem.

Grrr…

That really irritates me. The richest nation in the world, huh?