The thirty major causes of failure. How many of these are holding you back?

Joseph Murphy analysis proved that there are thirty major reasons for failure.As you go over the list, check yourself by it, point by point, for the purpose of discovering how many of these causes-of-failure stand between you and success.

1. UNFAVORABLE HEREDITARY BACKGROUND. There  is but little, if anything, which can be done for people who are born  with a deficiency in brain power. This philosophy offers but one  method of bridging this weakness— through the aid of the Master  Mind. Observe with profit, however, that this is the ONLY one of  the thirty causes of failure which may not be easily corrected by any  individual.

2. LACK OF A WELL-DEFINED PURPOSE IN LIFE. There is  no hope of success for the person who does not have a central  purpose, or definite goal at which to aim. Ninety-eight out of every  hundred of those whom I have analyzed, had no such aim.

3. LACK OF AMBITION TO AIM ABOVE MEDIOCRITY.  We offer no hope for the person who is so indifferent as not to want  to get ahead in life, and who is not willing to pay the price.

4. INSUFFICIENT EDUCATION. This is a handicap which  may be overcome with comparative ease. Experience has proven  that the best-educated people are often those who are known as  "self-made," or self-educated. It takes more than a college degree to  make one a person of education. Any person who is educated is  one who has learned to get whatever he wants in life without  violating the rights of others. Education consists, not so much of  knowledge, but of knowledge effectively and persistently  APPLIED. Men are paid, not merely for what they know, but more  particularly for WHAT THEY DO WITH THAT WHICH THEY  KNOW.

5. LACK OF SELF-DISCIPLINE. Discipline comes through  self-control. This means that one must control all negative qualities.  Before you can control conditions, you must first control yourself.  Self-mastery is the hardest job you will ever tackle. If you do not  conquer self, you will be conquered by self. You may see at one and  the same time both your best friend and your greatest enemy, by  stepping in front of a mirror.

6. ILL HEALTH. No person may enjoy outstanding success  without good health. Many of the causes of ill health are subject to  mastery and control. These, in the main are:
a. Overeating of foods not conducive to health
b. Wrong habits of thought; giving expression to  negatives.
c. Wrong use of, and over indulgence in sex.
d. Lack of proper physical exercise
e. An inadequate supply of fresh air, due to improper  breathing.

7. UNFAVORABLE ENVIRONMENTAL INFLUENCES  DURING CHILDHOOD. "As the twig is bent, so shall the tree  grow." Most people who have criminal tendencies acquire them as  the result of bad environment, and improper associates during  childhood.

8. PROCRASTINATION. This is one of the most common  causes of failure. "Old Man Procrastination" stands within the  shadow of every human being, waiting his opportunity to spoil  one's chances of success. Most of us go through life as failures,  because we are waiting for the "time to be right" to start doing  something worthwhile. Do not wait. The time will never be "just  right." Start where you stand, and work with whatever tools you  may have at your command, and better tools will be found as you  go along.

9. LACK OF PERSISTENCE. Most of us are good "starters"  but poor "finishers" of everything we begin. Moreover, people are  prone to give up at the first signs of defeat. There is no substitute  for PERSISTENCE. The person who makes PERSISTENCE his  watch-word, discovers that "Old Man Failure" finally becomes  tired, and makes his departure. Failure cannot cope with  PERSISTENCE.

10. NEGATIVE PERSONALITY. There is no hope of success  for the person who repels people through a negative personality.  Success comes through the application of POWER, and power is  attained through the cooperative efforts of other people. A negative  personality will not induce cooperation.

11. LACK OF CONTROLLED SEXUAL URGE. Sex energy is  the most powerful of all the stimuli which move people into  ACTION. Because it is the most powerful of the emotions, it must  be controlled, through transmutation, and converted into other  channels.

12. UNCONTROLLED DESIRE FOR "SOMETHING FOR  NOTHING." The gambling instinct drives millions of people to  failure. Evidence of this may be found in a study of the Wall Street  crash of '29, during which millions of people tried to make money  by gambling on stock margins.

13. LACK OF A WELL DEFINED POWER OF DECISION.  Men who succeed reach decisions promptly, and change them, if at  all, very slowly. Men who fail, reach decisions, if at all, very slowly,  and change them frequently, and quickly. Indecision and  procrastination are twin brothers. Where one is found, the other  may usually be found also. Kill off this pair before they completely  "hog-tie" you to the treadmill of FAILURE.

14. ONE OR MORE OF THE SIX BASIC FEARS. These fears  have been analyzed for you in a later chapter. They must be  mastered before you can market your services effectively.

15. WRONG SELECTION OF A MATE IN MARRIAGE. This  a most common cause of failure. The relationship of marriage  brings people intimately into contact. Unless this relationship is  harmonious, failure is likely to follow. Moreover, it will be a form  of failure that is marked by misery and unhappiness, destroying all  signs of AMBITION.

16. OVER-CAUTION. The person who takes no chances,  generally has to take whatever is left when others are through  choosing. Over-caution is as bad as under-caution. Both are  extremes to be guarded against. Life itself is filled with the element  of chance.

17. WRONG SELECTION OF ASSOCIATES IN BUSINESS.  This is one of the most common causes of failure in business. In  marketing personal services, one should use great care to select an  employer who will be an inspiration, and who is, himself,  intelligent and successful. We emulate those with whom we  associate most closely. Pick an employer who is worth emulating.

18. SUPERSTITION AND PREJUDICE. Superstition is a  form of fear. It is also a sign of ignorance. Men who succeed keep  open minds and are afraid of nothing.

19. WRONG SELECTION OF A VOCATION. No man can  succeed in a line of endeavor which he does not like. The most  essential step in the marketing of personal services is that of  selecting an occupation into which you can throw yourself  wholeheartedly.

20. LACK OF CONCENTRATION OF EFFORT. The "jack-ofall-trades" seldom is good at any. Concentrate all of your efforts on  one DEFINITE CHIEF AIM.

21. THE HABIT OF INDISCRIMINATE SPENDING. The  spend-thrift cannot succeed, mainly because he stands eternally in  FEAR OF POVERTY. Form the habit of systematic saving by  putting aside a definite percentage of your income. Money in the  bank gives one a very safe foundation of COURAGE when bargaining for the sale of personal services. Without money, one must  take what one is offered, and be glad to get it.

22. LACK OF ENTHUSIASM. Without enthusiasm one  cannot be convincing. Moreover, enthusiasm is contagious, and the  person who has it, under control, is generally welcome in any  group of people.

23. INTOLERANCE. The person with a "closed" mmd on  any subject seldom gets ahead. Intolerance means that one has  stopped acquiring knowledge. The most damaging forms of  intolerance are those connected with religious, racial, and political  differences of opinion.

24. INTEMPERANCE. The most damaging forms of  intemperance are connected with eating, strong drink, and sexual  activities. Overindulgence in any of these is fatal to success.

25. INABILITY TO COOPERATE WITH OTHERS. More  people lose their positions and their big opportunities in life,  because of this fault, than for all other reasons combined. It is a  fault which no well-informed business man, or leader will tolerate.

26. POSSESSION OF POWER THAT WAS NOT ACQUIRED  THROUGH SELF EFFORT. (Sons and daughters of wealthy men,  and others who inherit money which they did not earn). Power in  the hands of one who did not acquire it gradually, is often fatal to  success. QUICK RICHES are more dangerous than poverty.

27. INTENTIONAL DISHONESTY. There is no substitute for  honesty. One may be temporarily dishonest by force of  circumstances over which one has no control, without permanent  damage. But, there is NO HOPE for the person who is dishonest by  choice. Sooner or later, his deeds will catch up with him, and he  will pay by loss of reputation, and perhaps even loss of liberty.

28. EGOTISM AND VANITY. These qualities serve as red  lights which warn others to keep away. THEY ARE FATAL TO  SUCCESS.

29. GUESSING INSTEAD OF THINKING. Most people are  too indifferent or lazy to acquire FACTS with which to THINK  ACCURATELY. They prefer to act on "opinions" created by  guesswork or snap-judgments.

30. LACK OF CAPITAL. This is a common cause of failure  among those who start out in business for the first time, without  sufficient reserve of capital to absorb the shock of their mistakes,  and to carry them over until they have established a  REPUTATION.

31. Under this, name any particular cause of failure from  which you have suffered that has not been included in the  foregoing list.

In these thirty major causes of failure is found a description of the tragedy  of life, which obtains for practically every person who tries and fails. It will be  helpful if you can induce someone who knows you well to go over this list with  you, and help to analyze you by the thirty causes of failure. It may be beneficial if  you try this alone. Most people cannot see themselves as others see them. You  may be one who cannot.

Are you a leader? Important factors of leadership and causes of failure in leadership.

The following are important factors of leadership:—  

1. UNWAVERING COURAGE based upon knowledge of self, and of one's occupation. No follower wishes to be dominated by a leader who lacks selfconfidence and courage. No intelligent follower will be dominated by such a  leader very long.

2. SELF-CONTROL. The man who cannot control himself, can never control others. Self-control sets a mighty example for one's followers, which the  more intelligent will emulate.

3. A KEEN SENSE OF JUSTICE. Without a sense of fairness and justice, no  leader can command and retain the respect of his followers.

4. DEFINITENESS OF DECISION. The man who wavers in his decisions, shows that he is not sure of himself. He cannot lead others successfully.

5. DEFINITENESS OF PLANS. The successful leader must plan his work, and work his plan. A leader who moves by guesswork, without practical, definite plans, is comparable to a ship without a rudder. Sooner or later he will land on  the rocks.

6. THE HABIT OF DOING MORE THAN PAID FOR. One of the penalties of leadership is the necessity of willingness, upon the part of the leader, to do  more than he requires of his followers.

7. A PLEASING PERSONALITY. No slovenly, careless person can become  a successful leader. Leadership calls for respect. Followers will not respect a  leader who does not grade high on all of the factors of a Pleasing Personality.

8. SYMPATHY AND UNDERSTANDING. The successful leader must be in sympathy with his followers. Moreover, he must understand them and their problems.

9. MASTERY OF DETAIL. Successful leadership calls for mastery of  details of the leader's position.

10. WILLINGNESS TO ASSUME FULL RESPONSIBILITY. The successful  leader must be willing to assume responsibility for the mistakes and the  shortcomings of his followers. If he tries to shift this responsibility, he will not  remain the leader. If one of his followers makes a mistake, and shows himself  incompetent, the leader must consider that it is he who failed.

11. COOPERATION. The successful leader must understand, and apply the principle of cooperative effort and be able to induce his followers to do the  same. Leadership calls for POWER, and power calls for COOPERATION


THE 10 MAJOR CAUSES OF FAILURE IN LEADERSHIP :-

We come now to the major faults of leaders who fail, because it is just as essential to know WHAT NOT TO DO as it is to know what to do.

1. INABILITY TO ORGANIZE DETAILS. Efficient leadership calls for ability to organize and to master details. No genuine leader is ever "too busy" to do anything which may be required of him in his capacity as leader. When a man, whether he is a leader or follower, admits that he is "too busy" to change his  plans, or to give attention to any emergency, he admits his  inefficiency. The successful leader must be the master of all details connected with his position. That means, of course, that he must acquire the habit of relegating details to capable lieutenants.

2. UNWILLINGNESS TO RENDER HUMBLE SERVICE. Truly great leaders are willing, when occasion demands, to perform any sort of labor which they would ask another to perform. "The  greatest among ye shall be the servant of all" is a truth which all  able leaders observe and respect.

3. EXPECTATION OF PAY FOR WHAT THEY "KNOW" INSTEAD OF WHAT THEY DO WITH THAT WHICH THEY KNOW. The world does not pay men for that which they "know." It  pays them for what they DO, or induce others to do.

4. FEAR OF COMPETITION FROM FOLLOWERS. The leader who fears that one of his followers may take his position is practically sure to realize that fear sooner or later. The able leader trains understudies to whom he may delegate, at will, any of the details of his position. Only in this way may a leader multiply himself and prepare himself to be at many places, and give attention to many things at one time. It is an eternal truth that men receive more pay for their ABILITY TO GET OTHERS TO  PERFORM, than they could possibly earn by their own efforts. An efficient leader may, through his knowledge of his job and the  magnetism of his personality, greatly increase the efficiency of others, and induce them to render more service and better service than they could render without his aid.

5. LACK OF IMAGINATION. Without imagination, the leader is incapable of meeting emergencies, and of creating plans  by which to guide his followers efficiently.

6. SELFISHNESS. The leader who claims all the honor for the  work of his followers, is sure to be met by resentment. The really  great leader CLAIMS NONE OF THE HONORS. He is contented to  see the honors, when there are any, go to his followers, because he  knows that most men will work harder for commendation and  recognition than they will for money alone.

7. INTEMPERANCE. Followers do not respect an  intemperate leader. Moreover, intemperance in any of its various forms, destroys the endurance and the vitality of all who indulge in  it.

8. DISLOYALTY. Perhaps this should have come at the head  of the list. The leader who is not loyal to his trust, and to his  associates, those above him, and those below him, cannot long  maintain his leadership. Disloyalty marks one as being less than the  dust of the earth, and brings down on one's head the contempt he  deserves. Lack of loyalty is one of the major causes of failure in  every walk of life.

9. EMPHASIS OF THE "AUTHORITY" OF LEADERSHIP.  The efficient leader leads by encouraging, and not by trying to instil  fear in the hearts of his followers. The leader who tries to impress  his followers with his "authority" comes within the category of  leadership through FORCE. If a leader is a REAL LEADER, he will have no need to advertise that fact except by his conduct— his  sympathy, understanding, fairness, and a demonstration that he knows his job.

10. EMPHASIS OF TITLE. The competent leader requires no  "title" to give him the respect of his followers. The man who makes  too much over his title generally has little else to emphasize. The doors to the office of the real leader are open to all who wish to  enter, and his working quarters are free from formality or ostentation.

11 evening habits that can makes you successful.

1)  Evaluate your day

   Three ways to evaluate your day:-

1. To ask yourself at the end of the day that, "Did today matters?"
2. Do those things first which are important that you've been putting off.
3  Every morning ask two questions to yourself:
    a) How are you felling
    b) what do you want?

2)  Write the things down.

     Writing the things will give you clarity that what you have to do. You can make to do list. To do list can be categorized into four types:-

1.  Urgent and important.
2.  Important but not urgent.
3.  Urgent but not important.
4.  Not urgent and not important.

Schedule your day on the basis of this above matrix.

3)  Plan the next day.

1. Check you tomorrow's list.
     (Once see what is on you to do list for tomorrow).
 
2. Write tomorrows task.
     ( Make a note of everything that you want to do tomorrow, don't keep things in your head; just write it down).

3. Imagine a successful day.

4. Go ahead, sleep!

4)  Unplug.

       Put your phone on airplane mode or switch it off until you complete your task. Set a duration for using your mobile phone, define a particular time for using your phone i.e 15 minute to 30 minute (not more than 30 minutes).

5)  Maintain personal hygiene.

Keep yourself clean, cut your hair, cut your nails, comb your hair. Represent yourself as a neat and clean gentlemen so that people loves to connect with you.

6)  Evening exercise.

  Do the exercise at evening time, do it each day and everyday. It helps you to reduce your day stress, laziness and your day tiredness.

7)  Prepare tomorrow's outfit.

 Prepare today that what you are going to wear tomorrow, iron your dress, manage each and everything, your shoes, your tie, your handkerchief everything.

8)  Connect wirh loves one.
      

Talk with your family, friends and neighbours. Message then or do a video chat with them, at least contact with your one friend everyday. Don't let them think about you have forgotten them.

9)  Read.

Read something each and everyday. Read at least 50 pages every evening. You can choose your books according to your interest. You can read personal development books or business related books which can help you to gain knowledge.

10)  Set alarm.

Set alarm and put it away. Decide today that what time you are going to wake up tomorrow. Always set alarm for 5 minute earlier than your waking time.

11)  Sleep earlier.

Go to bed earlier so that you can wake up early in the morning tomorrow. Don't stay till late night.
   
     

Financial goal for every decades.

 IN YOUR 20'S

-Learn to live below your mean.
-Become financially independent.
-Develop a retirement plan.
-Learn your credit score.
-Start paying off your debts.
-Start an emergency fund.
-Get health insurance.

IN YOUR 30'S

-Have 2x your salary saved for retirement.
-Pay off non-mortage debts.
-Create a will.
-Start saving for kids college fund.
-If a parent-get life insurance.
-Increase your emergency fund.
-Read up on financial planning.

IN YOUR 40'S

-Have 3x your salary saved for retirement.
-Up your kid's college savings.
-Review your financial plan.
-Evaluate your household budget.
-Diversify your portfolio.
-Meet with financial planners.


IN YOUR 50'S

-Have 5x yor salary saved for retirement.
-Pay off your house.
-Look into long term care insurance.
-Look into Annuities.



IN YOUR 60'S

-Have 8x your salary saved for retirement.
-Check out your social security options.
-Investigate trusts.
-Revaluate your budget.
-Look into part-time employment options.

Billionaires are said to have 7 source of income.

1)  EARNED INCOME

      Earned income is the money that you earn by doing something or by spending your time earning like a day job. It is the source of income where billionaires focus less because they prefer passive income more than earned income. You have to give your time to make money, average people focuses on earned income.

No one has ever become rich by depending upon earned income, you're paid less by working more. Rich people first focuses on other six sources of income rather than this one.


2)  PROFIT INCOME

     Money that you earn by selling something for more than it cost you to make is called profit income. Rich people first make their product at low cost and then they sell it at high price to earn profit.

Many youngsters who are new and want to earn profit by selling prducts than you can make some money starting dropshipping business (online business) with less than 100$ or you can sell Amazon or Flipcart products online and earn commission.


3)  INTEREST INCOME

 
 The money you get as result of lending your money to someone else is called interest income. Many people lends their money to others and earn high interest on their money. Warren Buffett also do the same, he lend his money to many banks.

You don't need a huge amount of money to lend, you can start it with few amounts too. You can lend your money to your friends, neighbours or anyone else who need money and charge interest.


4)  DIVIDEND INCOME

 

   The money earned from stocks dividend is called dividend income. It is the income which made Warren Buffett world 3rd richest man. He makes 3.4 billion dollars every year only from his five dividends. It is the source of creating massive passive income, you don't have to work day and night, this type of income you can make while sleeping. Just you have to do is to gain knowledge on investment and then invest your money in stocks.

Their are many apps which can help you to teach trading like IQ Brooker app which are made  specially for beginners.


5)   RENTAL INCOME

      The money that you get as a result of renting out an assets that you have, like house or a building is called rental income. Rich people either buy or built houses and lend it to get monthly income.


6)   ROYALTY INCOME.

      The money you get as a result of letting someone use your product,Ideas or processes is called royalty income. For example: if you own a shop and someone want to open another shop by taking your shop name (as a Franchise) than he will pay you a amount for shop's name (according to the agreement). This is royalty income. Same was happened with Mc Donald.


7)   CAPITAL GAIN.

      The money that you get as a result of increase in value of an assets that you own is called capital gain. House, building, lands, Mutual fund, bonds and stock are some example of assets. The gain is not realized until the assets is sold at higher price than its purchased price.