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Showing posts with the label HOW HABITS CAN CHANGE YOU?

ESBI CONCEPT CASH FLOW QUADRANT

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  In his book Rich Dad, Poor Dad, Kiyosaki explained a key concept of ESBI. As we can see in the above picture, the various characteristics of people in each quadrant. Let’s discuss about the people in each quadrant, and figure out in which quadrant we find ourselves and how can we move to the most desired quadrants. First Quadrant: Employed: In this quadrant we find people who are employees. They always work for others and depend other instruments which take the money from them. Cars and their life is a struggle for survival. They often compare themselves with others who made what and in the process lose the complete picture. They cannot accumulate enough wealth in the process of working for others. Sadly we find many in society including ourselves in this category. Work hard, earn money, give 30% to Govt as tax, another 30% to banks in terms of interest and live a hand to mouth life. Buy more and more liabilities as houses,fear they are driven by insecurity,process upo...

HOW HABIT CAN CHANGE YOU?

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  WHAT IS HABIT? Habit is a simple form of learning—a change of behaviour with experience.  It is defined as ‘an automatic response to a specific situation, acquired normally as a result of repetition and learning’. When behaviour is developed to the extent that it is highly automatic, it is called habit. Generally habit does not require our conscious attention. The term habit is strictly applicable only to motor responses, but often applied more widely to habits of thought, perhaps more correctly termed attitudes. Habits play important role in our daily life. All of us acquire different habits. They are the part of our life. Habits may be good or bad. HOW HABIT FORMS? Got a bad habit you just can’t seem to break? That’s because a habit is literally wired into your brain. Every single thought, action, and feeling changes your brain. When repeated enough times, a habit is formed. Some are good, some are bad, but you’re not likely to forget any of them without se...