4 Reasons Why You Don’t Have Financial Mastery

mistakes

“Women fake orgasms and men fake finances.”
― Suze Orman

Here are four reasons why people not as smart as you are making more money than you, and what you can do about it.

Financial success is not always the result of hard work and skill alone; sometimes it’s simply inherited. There is a statistical correlation between a person’s income as an adult and his or her parent’s income.

Don’t begrudge someone else’s good fortune. After all, you do need investors, don’t you?

Dress and Body Language

It has been said that good looks play a large role in financial success. Daniel Hamermesh from Yale University concludes in his Beauty in the Labor Market study that “beautiful people will make $230,000 more in their lifetimes than average-looking people.” Other studies report that taller people tend to be more financially successful as well.

You might not have any control over your genes, but you do have control over how you project your image to others. Stand up tall, speak clearly and confidently, and show the world a self-assured you. You’ll see how quickly and positively people respond. Not feeling very confident? Try the “fake it until you make it!” approach.

A study suggests that men who are “below average on agreeableness earn roughly 18 percent more than men who are considered nice.” For women, the advantage is 5 percent. It seems that men who are rude are more successful negotiators and therefore earn more financial rewards..

via OPEN Forum.

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Jim Woods email signatureJim is president of InnoThink Group a competitive strategy and leadership management consulting firm. He has an absolute passion for people development and are constantly refining and adapting his programs in order to ensure that they have the maximum impact on those we serve. – See more at: http://innothinkgroup.com/our-leadership.html

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About

Jim Woods is president of The Jim Woods Group. A management consulting firm. Go here to see his work www.jimwoodsgroup.com. He advises and speaks to organizations large and small on how to increase top line growth in times of uncertainty and complexity. Some of his speaking and consulting clients include: U.S. Army, MITRE Corporation, Pitney Bowes, Whirlpool, and 3M. See more at his website www.jimwoodsgroup.com.

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Posted in Career, Change, Personal Coaching

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