Key Ingredients of Success

Posted on January 12th, 2015

Source: The Numbers Game - Season 1 Episode 2 : Will You Make a Million

What would you do for a million dollars? Find out the stats that affect your odds for getting rich. Data scientist and host Jake Porway explores how you can grow your bank account through entertaining experiments, cutting edge facts and real-life scenarios. Think that failure, procrastination and napping will stop you from becoming a millionaire? Think again. We’ll give you the numbers and clues to your odds of making a million.

Key Ingredients

  • Physical Traits (your genes + how well you take care of yourself)
  • IQ - Intelligence quotient
  • EQ - Emotional Intelligence
  • Creative Thinking - Adaptability (ability to adapt quickly)
  • Negotiation Skills
  • Learning from failure
  • Delayed gratification (positive procrastination) - delaying impulse (gut or gratifications) decisions
  • Remember to slow down and manage delay (not too fast or too long) because not everything is a crisis
  • Persistence - stay focused and don’t give up
  • Take naps - increased productivity by 1/3
  • Collaborate and Dominate

Wealth

  • Diversify your investments
  • Invest at least 15% of your annual income
  • Increase your wealth consistently over time

Wealth formula: What You Earn (paychecks) - What You Spend (bills) + What you Invest

Keys To Negotiations

  1. Never be the first to quote a price
  2. Slow down the negotiation
  3. Do your research
  4. Create leverage by influencing the dealer
  5. Be prepared to walk away

Questions or comments? Send me an email