There are always energy vampires around, and we must consistently avoid them, even when they are in close proximity to us (limit your circle). However, at times, we become the primary energy vampire that drains our own mental energy. Occasionally, we act as our own worst enemy. The positive news is that we can resolve… Continue reading Nine Things That Drain Your Mental Energy
Author: Vahid Chaychi
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Small Business Success Rate and Challenges in the US
Small business success rate and challenges is an important topic because running a small business is almost the most popular and favorite way to make a living, everywhere in the world. There are 31.7 million small businesses in the United States. I focus on this country because their statistics and numbers are accurate and reliable,… Continue reading Small Business Success Rate and Challenges in the US
If You Cannot Create Opportunities, at Least Be Where the Opportunity Is
To achieve financial freedom and wealth, there are two essential factors you need to consider:
Is LuckScout Too Good to Be True?
They say if something looks too good to be true, it probably is, and I think they are right. The question is, how can you find out whether something is truly too good or if you only perceive it that way?
Your Actions and Thoughts Form Your Real Identity, Not Your ID
It has been a while since we discussed science and scientists, perhaps because I believe many of our members aren’t interested. Typically, I choose subjects that help everyone gain a better understanding of life and the universe. Complex scientific discussions often don’t benefit the general public and may seem dull to them. However, some topics… Continue reading Your Actions and Thoughts Form Your Real Identity, Not Your ID
The LuckScout Compound Growth Engine
The LuckScout community members earn points through their “healthy online activities” (here). They get paid every month based on the points they’ve earned and the money that the website has made within the month (active income). However, that’s not all they receive. Their points will stay in their accounts forever, enabling them to receive shares… Continue reading The LuckScout Compound Growth Engine
The 1% Rule: Do It Just 1% Better Every Day!
Everyone wants to become successful, but they don’t realize that success is not a destination where everything is over once reached. Success is a continuous and nonstop journey. The image above represents the roadmap of this journey. You must strive to improve every day, surpassing your previous self. Otherwise, you will forever remain where you… Continue reading The 1% Rule: Do It Just 1% Better Every Day!
Even Being a Genius Doesn’t Mean We Are Always Right
I can’t stop learning about Sir Henry Ford, his life and achievements. We have already talked about him a lot on this site. If you don’t know him, or it is the first time you hear about him from me, please make sure to read this article first: The Biggest Entrepreneur Who Never Gave Up:… Continue reading Even Being a Genius Doesn’t Mean We Are Always Right
What Are the Money Management Skills?
Money management skills encompass a set of abilities and practices that enable individuals to effectively handle their finances. These skills include budgeting, saving and investing, debt management, setting financial goals, tracking expenses, comparison shopping, financial literacy, risk management, long-term planning, and regular review. Budgeting involves planning and tracking income and expenses, while saving and investing… Continue reading What Are the Money Management Skills?
Fiat Money vs Assets Like Gold and the Pros and Cons
Almost everyone wants to have lots of money, but they still don’t know what money is. Have you ever heard about fiat money or fiat currency? There are some secrets behind this that the banks don’t want you to know. Read the words below carefully.
National Be a Millionaire Day!
May 20 is National Be a Millionaire Day! We are used to having a special page for days like this on our Q/A section: Happy National Be a Millionaire Day! It is a good time to have a short reminder about the topic which is everyone’s dream: Becoming a millionaire!
Are The Luckscout Community Members in the Right Place at the Right Time?
Talent and intelligence is not all we need to succeed. We also need something that people call “luck”. Luck means to be in the right place at the right time. When you have the talent and you are in the right place at the right time, you will make history. None of them, (1) talent… Continue reading Are The Luckscout Community Members in the Right Place at the Right Time?
Habits That the Rich Don’t Share With Anyone
We are what we think because our thoughts become actions and our actions become our habits, and our habits determine our destiny and future. So, let’s learn some good habits from the real rich. I said “the real rich” because there are big differences between those who look rich and those who are really rich.… Continue reading Habits That the Rich Don’t Share With Anyone
10 Steps to Overcome Laziness in One Day
Laziness is one of the most important factors that prevents people from achieving their goals. People have great goals in their minds, but only some of them reach where they want to be. The reason is, they don’t consistently focus and spend enough time and energy on their goals. How can we overcome laziness? Before… Continue reading 10 Steps to Overcome Laziness in One Day
A Simple Success Formula that Works Like a Charm
Achieving financial freedom and wealth is the most challenging these days. It has never been easy, but it is harder now because life and economy have become more complicated and new technologies are changing the games every day, in a way that even a company as immense as Google can fall behind, if they don’t… Continue reading A Simple Success Formula that Works Like a Charm
What Is Wrong With Buying Luxury Cars?
Although I never get tired of it, talking technical all the time, like my previous article, becomes boring to many of our members. Therefore, it is good to talk about life and nontechnical topics sometimes. Therefore, in this post, I will talk about a subject that I have discussed with many people so far.
How to Create a Budget to Overcome Financial Problems
Financial problems have become more common these days. Like all other problems, there are solutions for these problems too. However, to overcome financial problems, one must take proper actions. Budgeting is the first step to resolve financial problems within the shortest possible time. In order to overcome a financial problem or have a better financial… Continue reading How to Create a Budget to Overcome Financial Problems
Is It a Good Idea to Buy and Hold Gold as an Asset?
Many ordinary people and also experts and mentors like Robert Kiyosaki are saying that buying gold, as an asset, is a great and safe investment, because FIAT currency is losing its value more than ever. They are right about FIAT currency and its value that is going down like crazy. But, are they really right… Continue reading Is It a Good Idea to Buy and Hold Gold as an Asset?
4 Kinds of Assets That Generate Income and Make You Rich
An asset is any resource or property that has economic value and can be owned or controlled by an individual, organization, or government. Examples of assets include physical property, such as real estate or machinery, financial assets such as stocks and bonds, and intangible assets such as patents, trademarks, and goodwill.
Hobbies of Successful People Versus Hobbies of Average People
Average people always talk about becoming super successful. It is everyone’s dream to be successful and super rich. But, they rarely take any steps toward achieving this dream. The least they can do is do what successful people do in their personal lives. It is not easy to become like them, because, compared to average… Continue reading Hobbies of Successful People Versus Hobbies of Average People