hey what is going on you guys I hope
you're having a great day so far so what
we're going to be talking about in this
video here is the three habits that have
people habits that I have learned from
different mentors or different books
that I have read out there and I'm going
to share with you guys each of these
three habits and where I learned this
important lesson and I would highly
recommend considering implementing these
strategies into your life if you're
looking to achieve more or basically you
know mostly have better financial
success or success in any other area of
your life so a quick background on
myself you know I used to work that
traditional nine-to-five job I was
earning a salary of around you know
sixty-five thousand dollars per year and
about a year and a half ago I left that
job to pursue entrepreneurship and
building my own online business and in
that process you know I didn't start out
making a ton of money but I've now
scaled that business up to a point where
I'm earning you know typically around
$1,000 a day or more sometimes even
approaching 2000 and to go from making
you know sixty thousand dollars a year
or two in some cases 60 thousand dollars
a month
requires a lot of different mindset
changes and shifts and these three
things have the largest impact on this
journey for myself
number one is the five-minute rule and
this is one that I just recently started
implementing and this basically
eliminates POC rastenn ation entirely
the five-minute rule is very simple
anytime something comes up during the
day you think about it in your mind and
you say okay is this gonna take me more
than five minutes or less than five
minutes in any task that comes up
throughout the day that's gonna take me
less than five minutes I just do it now
I don't bother putting it on a list I
don't put a reminder in my phone I don't
procrastinate I will literally just do
it right now and what I found is that
90% of my day-to-day tasks that come up
out of nowhere take five minutes or less
meaning that they don't end up going on
a list they get done right now and then
you don't have this build up of things
you are procrastinating on now if the
five minute rule is too much for you you
can change it to a three minute rule or
even a one minute rule to get started
but getting rid of this
procrastination has been absolutely huge
for my success
being able to get more done and not
having these things pile up for me you
know taking care of things as they come
up if they're going to take less than
five minutes do it now and get it out of
the way now as far as where I learned
that lesson I can't exactly remember I
believe it was just a simple YouTube
video I was watching on how to be more
productive but after I heard that I knew
it was gonna be an absolute game changer
and I started implementing that into my
life from day one number two the second
habit that made a huge change in my life
is following the 80/20 rule which comes
out of the book the 4-hour workweek by
Tim Ferriss if you guys have not read
that book make sure you grab a copy I
will link up to it in the description
below but the 8020 rule is such an
important concept especially if you own
your own business and essentially what
this says here is that about 80% of your
results in your business or anything
you're doing are derived from 20% of
your efforts and the other 80% of your
efforts are yielding your just 20% of
your results and so if you eliminate
that 80% and just focus on the 20% that
is having the largest ROI for you you're
going to be so much more successful and
I implemented this strategy in my own
business with affiliate marketing last
summer I was at a bit of a crossroads
with my business I didn't necessarily
know how to grow my business past a
certain dollar amount and I had a number
of different options in front of me and
I simply applied the 80/20 rule and I
trimmed out all the fat of my business I
had these things I was doing them we're
not making me more money I needed to
delegate more and get stuff off my plate
and I eliminated that 80% and then
focused a hundred percent of my efforts
on the 20% that was driving most of the
results and as a result I took my
business from ten or fifteen thousand a
month to thirty to sixty thousand in a
very short period of time by putting all
of my efforts on what was yielding me
the most results so applying the 80/20
rule to your business or your own life
is another huge game-changer and it's a
rich person habit you must develop third
and finally is the $100 rule and
actually learned this from a friend of
mine he has a YouTube channel called
Bulldog mind set his name is John Sam
Nez and I was sitting down with him for
dinner and he basically told me about
this $100 rule where for him he sets the
dollar amount at one hundred dollars
anything less than a hundred dollars if
he's spending money on it he doesn't
bother trying to get the best possible
price because it's not worth his time to
go out there and chase down a sale to
save a couple of dollars now does the
$100 rule make sense for everybody
absolutely not if you're not in a
position where you're making you know
six figures or multiple six figures you
may still want to try to save money on
things when you're buying them but you
may find it makes sense to have a
five-dollar rule or a ten dollar rule or
a twenty dollar rule where if you're
spending less than that dollar amount of
money you're not gonna bother trying to
get the best possible price for because
it's just not the best use of your time
so just to give you guys an example of
that when I was younger my mom and I
used to have to try to save a lot of
money when we were grocery shopping and
so we would clip coupons on every Sunday
we'd go through the paper clip out
coupons and we would go to multiple
different stores to try to get the best
possible deals taking advantage of sales
now at that point in my life I wasn't
making much of any money I was pushing
carts at a grocery store and so it made
sense for us to be saving a couple
dollars here and there now at this point
in my life because I'm making
substantially more income it doesn't
make any sense to clip coupons and try
to save 50 cents or a dollar because of
how much I'm earning my time is better
spent earning more money as opposed to
trying to pinch pennies and you know
clip coupons and save a couple of
dollars so the dollar amount for this
rule is relative to how much money
you're earning it might not be worth it
for you to chase down a sale for
something under 20 dollars but if it's
under $100 it might be but I just want
you guys to consider how much time
you're spending chasing down sales and
saving a couple of dollars and whether
or not that is the best and most
effective use of your time but anyways
guys that's gonna wrap up this video
those are the three rich people habits
that have had the biggest impact on my
life
and allowed me to be you know a lot more
successful than I was even six months
ago and especially a year ago
and I would highly recommend you know
considering picking up at least one of
these habits and making it a part of
your everyday routine but I'd love to
hear what you guys think about these let
me know in the comments section below
what habits you follow if you guys
follow any of these habits or rules
outlined i'm always looking to learn new
strategies and new ideas from you guys
too
but thank you so much for watching this
video I hope you enjoyed it and I will
see you in the next one
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