Nik Rockstrom Blog

Compound Experience

As there is power in financial compound interest, there is also power in compound experience. There is a vast difference between compound interest and that of compound experience.

Financial compound interest takes a long time to start producing financial results for the normal person on the outside of the financial know how circle. For instance, you could save $100 on a monthly basis and invest it in a savings account. If your investment appreciates by 2 % on a yearly basis over a period of 30 years you’ll end up with just under $50,000.

While that sounds like useful … Read the full article

Happiness And Success Is In Your Hands

Your future happiness and success can rest on your handshake.

How do people get a simple thing like a handshake so wrong? It is surprising fact that we remember bad handshakes, sometimes for a long while. This just goes to show how important we regard them.

Handshaking, as a greeting, has been around for a long time. Humans are social animals and a warm tactile touch is essential for social interaction. Handshaking is common but not universal. In some cultures a hug is prefered to handshaking, in others a short bow is a more polite greeting. Middle Eastern woman must … Read the full article

Friends Boost Your Wealth

If you want to be an effective entrepreneur, You should have at least 10 good friends who are already successful entrepreneurs. If that sounds like a lot to you, something is very wrong with your mindset.

Few entrepreneurs succeed in isolation. Business is a social game.

Much of the money made in business (and in life overall) actually came from other businesses. The other half would be directly from consumers.

You would need a lot of individual customers to match what one good business deal can do. How many individual customers would do more than $1 million worth of business

… Read the full article

The End Game of Passive Income

Let’s talk about the reality of what it’s like to create streams of passive income and how it compares to working at a regular job. What is here may surprise you.

With a typical job, you’re more or less directly trading your working hours for dollars. You may receive an hourly wage, a salary, and/or bonuses for the time you put in at work. Your ongoing pay depends on your continued presence at work. If you stop working, your paycheck stops as well.

With passive income you’ll often get paid nothing at first. Initially you work to create and/or leverage

… Read the full article

Streams To Wealth

Passive income can be defined fairly broadly as a stream of revenue you earn even when you aren’t actively working. Another name for passive income is residual income.

By contrast active income is money that stops coming to you when you stop working. If you get paid a salary and you quit your job or get laid off, most likely you’ll stop getting paid. You may get a severance package to help you transition, but your boss won’t keep paying your salary unless you keep showing up for work.

Similarly, if you do contract work for clients who pay

… Read the full article

Grab Your Inspiration Out Of The Air Waves

Ask yourself, “What is the inspiration of this moment? What am I inspired to do now? What is the next wave of energy?”

Pause and listen for a moment, but not with your ears. Listen like a radio antenna listens for a radio signal. When you catch the edge of the signal, tune into its frequency. Let it become stronger, louder, clearer, just as you might manually tune an analog radio dial.

Recognize that you’re an analog being too. You don’t simply press a button and lock into inspiration immediately. You have to tune into the signal.

You may perceive

… Read the full article

Let Your Old World Collapse

Are you contemplating a major career or lifestyle transition. Your story have many variations, but they typically have these elements in common:

dissatisfaction with their current work or lifestyle (or lack of meaningful work)
feeling that they’re on the wrong path (possibly for years)
feeling of being on a treadmill that goes nowhere
feeling of stress linked to their situation (sometimes dreading going to work)
feeling that something needs to change and that the clock is ticking
feeling of pressure to get something going
desire to contribute in a way that that feels inspired, meaningful, and fulfilling
desire to make

… Read the full article

Money Floods Into Your Door During A Recession

A recession is possibly the best time to launch a new business or to expand an existing one. It’s also a great time to get ahead in your career. This sounds counter-intuitive at first.

First, the media goes nuts during a recession. They turn a little bit of negativity into a mountain of pessimism. This makes a lot of people financially paranoid. People become socially conditioned to expect the worst.

If you buy into this social hysteria, you become a victim too.

But if you tune out such stupidity (not watching TV helps a lot) and maintain a grip on … Read the full article