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Showing posts from June, 2022

Assets That Make You Rich While You Sleep

Introduction  Most people grow up believing that the only way to earn money is by working harder, putting in longer hours, or climbing the career ladder. But the truth is simple: time is limited, and relying only on active income keeps you stuck in a cycle where your earnings stop the moment you stop working. The truly wealthy follow a different path. They focus on building assets—systems that continue generating income even on days when they are asleep, traveling, or simply taking a break. These assets work silently in the background, growing, compounding, and multiplying. If you want long-term financial freedom, you must build income sources that don’t depend entirely on your daily effort.  Here are the most powerful wealth-building assets that help your money grow 24/7.   1. Stocks That Pay Dividends  Dividend-paying stocks are one of the simplest ways to build passive income. When you own them, you don’t have to do anything extra—these companies share a port...

Seven Steps Of Effective Delegation: Bob Johnson

Introduction Delegation refers to the entrusting of responsibility, granting authority, and creating accountability by the manager. It’s a process that brings a sense of responsibility and motivates the people working under the senior. Leaders build champions by delegating tasks to be performed or the results that are to be achieved. Delegation is, therefore, important for the holistic growth of the employees in the company. Following are the seven steps of effective delegation. Seven Steps Of Effective Delegation Step 1: Think and Plan The first step of effective delegation given by Bob Johnson is to think and plan first about what’s there for them in whatever we are delegating before calling the person in and starting the actual process. You need to prepare a plan first regarding the task to be delegated. Thought provoking biography of Micheal Jordan: Step 2: Define the expected results Bob Johnson mentioned that the second step of effective delegation is to define the results that y...

The Strangest Secret by Earl Nightingale

Introduction Success is one thing that almost everyone wants in their lives but it has different meanings. It’s different for different people. Earl Nightingale, an insurance agency owner, recorded a motivational speech for his sales team over 60 years ago. Over a million copies of “The Strangest Secret” by Earl Nightingale were sold. It also earned the first Gold Record for Spoken Word. There are 11 main principles mentioned by him in it and they are as follows: 11 Principles of ‘The Strangest Secret' by Earl Nightingale 1. Golden Era with Unlimited Opportunities The opportunities these days are increasing day by day. Covid pandemic led to a down economy which is a breeding ground for new start-ups and businesses. People can reinvent themselves and work on the ideas that they’ve been hiding from people. 2. Finding out what Success looks like for you Success is different for different people. For some people, it means making a lot of money, for some, it might be working for a cause...

7 Keys to Law of Sowing and Reaping by Jim Rohn

Introduction The most famously known and commonly used principle of the world is what you sow is what you reap that governs what you will receive from life. It’s the basic law of the universe that can’t be changed. You need to understand that whatever you are reaping right now in your life is what you’ve sown earlier. These are the results of your own past deeds. You just need to keep sowing good seeds. If you keep sharing a good idea for a long time, it will definitely fall on good people who might help in achieving your dreams. Jim Rohn gave 7 keys to Law of Sowing and Reaping. 7 Keys to Law of Sowing and Reaping 1. The Law is Negative: This is the first key of the 7 keys to Law of Sowing and Reaping given by Jim Rohn. It suggests that, if you sow bad seeds or do bad deeds in life, you’ll reap bad and undesirable results. It’s also said that ‘What goes around, comes around.’ 2. The Law is Positive: The second key of the 7 keys to Law of Sowing and Reaping is that the law is positiv...