If you want to be a millionaire, start thinking like one

Your earning potential doesn’t start with your job — it begins with your mindset. So, if you want to become a millionaire, it doesn’t hurt to start thinking like one. Millionaires think long termWealthy people don’t only think about the present. According to Smith, the longer you can stretch your thinking into the future, the richer you will become. That’s because long-term goals force you to grapple with big-picture questions such as, “How can I double my income this year?”


Your earning potential doesn’t start with your job — it begins with your mindset. So, if you want to become a millionaire, it doesn’t hurt to start thinking like one. Millionaires think long termWealthy people don’t only think about the present. According to Smith, the longer you can stretch your thinking into the future, the richer you will become. That’s because long-term goals force you to grapple with big-picture questions such as, “How can I double my income this year?”
If you want to be a millionaire, start thinking like one Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-04-06  Authors: emmie martin
Keywords: news, cnbc, companies, potential, smith, longterm, gratification, goals, start, millionaire, think, millionaires, thinking


If you want to be a millionaire, start thinking like one

Your earning potential doesn’t start with your job — it begins with your mindset.

So, if you want to become a millionaire, it doesn’t hurt to start thinking like one.

In “The Top 10 Distinctions Between Millionaires and the Middle Class, ” Keith Cameron Smith shares the insights he gleaned from spending two years working with and studying the ultrarich, including the attitudes that distinguish their ways of thinking from that of the average person.

If you want to set yourself up for success, here are four millionaire mindsets to adopt.

Millionaires think long term

Wealthy people don’t only think about the present. They also consider the potential of the future. That means setting goals that might span years or decades, not just weeks or months. According to Smith, the longer you can stretch your thinking into the future, the richer you will become.

That’s because long-term goals force you to grapple with big-picture questions such as, “How can I double my income this year?” instead of short-term issues, such as, “How am I going to pay my bills this month?”

Smith finds that millionaires are willing to put temporary comfort on hold to seek out long-term financial freedom. And that mindset speaks to an important trait many millionaires share: patience.

“Middle-class people want instant gratification,” Smith writes. “I was like that for many years. Whatever I wanted, I charged to my credit card or put a little bit down and made payments on the balance. Now I wait for the things I want because my goal is more freedom, not comfort.

“Rich and very rich people have developed the discipline of delayed gratification.”


Company: cnbc, Activity: cnbc, Date: 2017-04-06  Authors: emmie martin
Keywords: news, cnbc, companies, potential, smith, longterm, gratification, goals, start, millionaire, think, millionaires, thinking


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A new stock index that beat the Dow and S&P in first quarter

The CNBC IQ 100 gained 6.8 percent in the first quarter, outpacing the S&P 500’s 5.5 percent gain. CNBC’s exclusive, rules-based index also notched a 1 percent gain in March, as the Dow Jones Industrial Average and the S&P 500 lost ground. As part of its rules-based methodology, the index has been re-weighted for the second quarter. MCAM International, the firm whose proprietary algorithms power the CNBC IQ 100, executed the re-weighting for CNBC. Micron shares jumped 30 percent in the first qua


The CNBC IQ 100 gained 6.8 percent in the first quarter, outpacing the S&P 500’s 5.5 percent gain. CNBC’s exclusive, rules-based index also notched a 1 percent gain in March, as the Dow Jones Industrial Average and the S&P 500 lost ground. As part of its rules-based methodology, the index has been re-weighted for the second quarter. MCAM International, the firm whose proprietary algorithms power the CNBC IQ 100, executed the re-weighting for CNBC. Micron shares jumped 30 percent in the first qua
A new stock index that beat the Dow and S&P in first quarter Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-04-04  Authors: david spiegel
Keywords: news, games, cnbc, companies, companies, stock, second, sp, dow, 100, index, beat, iq, quarter, weighted, micron, company


A new stock index that beat the Dow and S&P in first quarter

The CNBC IQ 100 gained 6.8 percent in the first quarter, outpacing the S&P 500’s 5.5 percent gain. CNBC’s exclusive, rules-based index also notched a 1 percent gain in March, as the Dow Jones Industrial Average and the S&P 500 lost ground.

As part of its rules-based methodology, the index has been re-weighted for the second quarter. Microsoft will remain the highest-weighted company in the index for the second straight quarter. MCAM International, the firm whose proprietary algorithms power the CNBC IQ 100, executed the re-weighting for CNBC.

“Microsoft scores very well across multiple industry sectors, including intelligent cloud applications and management, mobile operating systems, industrial internet and connected devices, and hardware and software for distributed gaming systems,” says MCAM managing director David Pratt.

The companies in the CNBC IQ 100 Index are weighted according to each one’s ability to invest in, develop, control and deploy intellectual property to achieve strategic advantage over competitors. Companies with the highest weighting maintain this type of advantage across multiple industries. Pratt says Microsoft beat out its competitors in a total of 12 distinct business types, more than any other company in the index.

With the re-weighting, chipmaker Micron Technology moves from being the fourth-highest weighted company in the first quarter to being equally weighted with JPMorgan Chase and tied for the second-highest weight in the second quarter. Boeing and Dow Chemical will remain the other companies in the top 5.

The index is re-weighted quarterly, and components are rebalanced annually. Micron was one of 10 companies added to the index at the start of 2017, replacing Intel. Micron shares jumped 30 percent in the first quarter, the biggest gainer among the 100 stocks in the index. ExxonMobil was the index’s biggest loser in the first quarter, with a decline of almost 9.5 percent.


Company: cnbc, Activity: cnbc, Date: 2017-04-04  Authors: david spiegel
Keywords: news, games, cnbc, companies, companies, stock, second, sp, dow, 100, index, beat, iq, quarter, weighted, micron, company


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Drone complaints soar in the UK, leading to growing annoyance and concerns over snooping

The findings were a result of a freedom of information request submitted by the Press Association to show the number of incidents logged by police around the country between 2014 and 2016. Their timely release follows several reports of near-misses with passenger planes and drones, and the arrest of Daniel Kelly, 27, last year, who became the first person in the U.K. to be jailed for smuggling items into prisons. But the actual total of cases is thought to be much higher, as not all police force


The findings were a result of a freedom of information request submitted by the Press Association to show the number of incidents logged by police around the country between 2014 and 2016. Their timely release follows several reports of near-misses with passenger planes and drones, and the arrest of Daniel Kelly, 27, last year, who became the first person in the U.K. to be jailed for smuggling items into prisons. But the actual total of cases is thought to be much higher, as not all police force
Drone complaints soar in the UK, leading to growing annoyance and concerns over snooping Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-04-03  Authors: ryan browne, jaap arriens, nurphoto via getty images
Keywords: news, games, cnbc, companies, uk, user, number, drones, snooping, growing, drone, complaints, timely, press, concerns, leading, soar, incidents, annoyance, reports, total


Drone complaints soar in the UK, leading to growing annoyance and concerns over snooping

The findings were a result of a freedom of information request submitted by the Press Association to show the number of incidents logged by police around the country between 2014 and 2016.

Their timely release follows several reports of near-misses with passenger planes and drones, and the arrest of Daniel Kelly, 27, last year, who became the first person in the U.K. to be jailed for smuggling items into prisons.

But the actual total of cases is thought to be much higher, as not all police forces were able to submit data on the drone cases.

Assistant Chief Constable Steve Barry, the National Police Chiefs’ Council lead for drones, in response to the increase in reports, highlighted a rising “awareness of what drones are and what they can do.”

“We have to balance the growth of this technology by ensuring that the public are aware of the strong regulatory framework and detailed user guidance that is available relating to drone use,” he said Monday, according to the Press Association.

Sussex Police recorded the highest number of drone-related incidents last year (240), followed by Greater Manchester (225).


Company: cnbc, Activity: cnbc, Date: 2017-04-03  Authors: ryan browne, jaap arriens, nurphoto via getty images
Keywords: news, games, cnbc, companies, uk, user, number, drones, snooping, growing, drone, complaints, timely, press, concerns, leading, soar, incidents, annoyance, reports, total


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Marc Lasry: Don’t bet on what’s fueling the Trump rally

While standing by his January prediction on CNBC for a 10 percent gain in the S&P 500 this year, billionaire Marc Lasry warned that the Trump rally could falter in 2018. “If you don’t get to that 3 percent, yes, then I think [the market] is a little over bought right now.” Going into 2018, he said, “People are going to start realizing there is real issues out there,” putting the Trump rally in jeopardy. In the near term, the stock market on Wednesday was coming off its worst decline since before


While standing by his January prediction on CNBC for a 10 percent gain in the S&P 500 this year, billionaire Marc Lasry warned that the Trump rally could falter in 2018. “If you don’t get to that 3 percent, yes, then I think [the market] is a little over bought right now.” Going into 2018, he said, “People are going to start realizing there is real issues out there,” putting the Trump rally in jeopardy. In the near term, the stock market on Wednesday was coming off its worst decline since before
Marc Lasry: Don’t bet on what’s fueling the Trump rally Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-03-22  Authors: matthew j belvedere
Keywords: news, games, cnbc, companies, bet, think, growth, months, market, stock, marc, trump, whats, warned, rally, sp, lasry, fueling, 500, dont


Marc Lasry: Don't bet on what's fueling the Trump rally

While standing by his January prediction on CNBC for a 10 percent gain in the S&P 500 this year, billionaire Marc Lasry warned that the Trump rally could falter in 2018.

The stock market has been rising since Election Day on the hope that Donald Trump as president can boost economic growth to 3 percent and provide businesses relief from regulations, the Avenue Capital co-founder said Wednesday on “Squawk Box.” “The market absolutely believes. I think the market has gotten ahead of itself.”

“For the next six months to nine months, everything is pretty positive,” said Lasry, who supported Hillary Clinton, reiterating his call for an S&P 500 return of 10 percent this year.

“I’d like nothing better than to have 3 percent GDP growth. I don’t think that’s going to happen,” he warned, predicting economic growth settling around 1.5 to 2 percent. “If you don’t get to that 3 percent, yes, then I think [the market] is a little over bought right now.”

Going into 2018, he said, “People are going to start realizing there is real issues out there,” putting the Trump rally in jeopardy.

In the near term, the stock market on Wednesday was coming off its worst decline since before the election. On Tuesday, the Dow Jones industrial average saw its biggest decline since September and the S&P 500 had its largest one-session sell-off since October.


Company: cnbc, Activity: cnbc, Date: 2017-03-22  Authors: matthew j belvedere
Keywords: news, games, cnbc, companies, bet, think, growth, months, market, stock, marc, trump, whats, warned, rally, sp, lasry, fueling, 500, dont


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Gary Vaynerchuk: ‘Insecurity is a killer’ and here’s how to beat it

8:48 AM ET Mon, 13 March 2017To view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again. Marketing expert and self-made millionaire Gary Vaynerchuk explains why confidence is key.


8:48 AM ET Mon, 13 March 2017To view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again. Marketing expert and self-made millionaire Gary Vaynerchuk explains why confidence is key.
Gary Vaynerchuk: ‘Insecurity is a killer’ and here’s how to beat it Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-03-13  Authors: mary stevens
Keywords: news, cnbc, companies, heres, beat, browser, try, selfmade, vaynerchuk, site, enabled, plugin, flash, gary, view, player, insecurity, killer


Gary Vaynerchuk: 'Insecurity is a killer' and here's how to beat it

8:48 AM ET Mon, 13 March 2017

To view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again.

Marketing expert and self-made millionaire Gary Vaynerchuk explains why confidence is key.


Company: cnbc, Activity: cnbc, Date: 2017-03-13  Authors: mary stevens
Keywords: news, cnbc, companies, heres, beat, browser, try, selfmade, vaynerchuk, site, enabled, plugin, flash, gary, view, player, insecurity, killer


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The billionaire who is saving Bethlehem

The streets of Bethlehem are lined with tiny shops, many selling olive wood trinkets and beautifully carved nativity sets, but they are struggling. Bassem Giacaman, one of the shopkeepers, said before the Second Intifada, his shop had revenue of $400,000 a year, and employed 12. Now, it brings in about $100,000 a year, enough to employ three people and earn him a tiny profit, perhaps $10,000. Giacaman has tried to make his shop welcoming for everyone: it carries menorahs, nativity sets, Arabic c


The streets of Bethlehem are lined with tiny shops, many selling olive wood trinkets and beautifully carved nativity sets, but they are struggling. Bassem Giacaman, one of the shopkeepers, said before the Second Intifada, his shop had revenue of $400,000 a year, and employed 12. Now, it brings in about $100,000 a year, enough to employ three people and earn him a tiny profit, perhaps $10,000. Giacaman has tried to make his shop welcoming for everyone: it carries menorahs, nativity sets, Arabic c
The billionaire who is saving Bethlehem Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-03-03  Authors: elizabeth macbride, david silverman, getty images, issam rimawi, anadolu agency
Keywords: news, games, cnbc, companies, church, park, billionaire, nativity, wants, shop, sets, tiny, power, bethlehem, small, projects, saving


The billionaire who is saving Bethlehem

Khoury, who picked up the reigns after his father died in 2014, wants to do everything from spur tourism with a new hotel and new agreements with Israeli bus companies, to helping develop jobs-training programs for students at a local university.

The streets of Bethlehem are lined with tiny shops, many selling olive wood trinkets and beautifully carved nativity sets, but they are struggling. Bassem Giacaman, one of the shopkeepers, said before the Second Intifada, his shop had revenue of $400,000 a year, and employed 12. Now, it brings in about $100,000 a year, enough to employ three people and earn him a tiny profit, perhaps $10,000. In the two weeks since Trump’s announcement, only three people have visited his shop, and he doesn’t know how he will pay his workers, he said.

Still, he stays, he said, because he wants to keep his family’s workshop alive and because he loves the Church of the Nativity. In 1948, the Christian population of the Holy Land was 18 percent; it’s now 2 percent, according to the Holy Land Christian Ecumenical Foundation.

Giacaman has tried to make his shop welcoming for everyone: it carries menorahs, nativity sets, Arabic calligraphy— and welcomes tourists who need to use the toilet. “We just try to open the door and keep things going,” he said.

Khoury said he was in part inspired to continue his father’s work when he talked to people like Giacaman. The Foundation, with the initial donation of $30 million from the Khourys in 2011, is helping the Palestinian government manage the much-lauded restoration of the Church, refurbished Manger Square, where tourist buses park, helped start a small museum, and financed a strategic solid waste management plan for the area. Among it’s long-term plans: a small shopping center and car park, a solar power station that could power small factories, and a small hotel of about 100 rooms.

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Some of the projects may be funded via investments – he said he believes some projects could yield 10 percent annually—and some via donations.

Though between 1 and 2 million people visit the Church every year – exact numbers are hard to come by – few stay overnight and little economic benefit comes to the town of about 25,000 people.


Company: cnbc, Activity: cnbc, Date: 2017-03-03  Authors: elizabeth macbride, david silverman, getty images, issam rimawi, anadolu agency
Keywords: news, games, cnbc, companies, church, park, billionaire, nativity, wants, shop, sets, tiny, power, bethlehem, small, projects, saving


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Here’s how much money you should have saved at every age

When it comes to savings, Americans are falling short. In fact, about half of US families have zero retirement account savings. “Particularly the younger generation likes to think, ‘I’ll save more when I’m making more.’ But whether you’re making $50,000 a year or $200,000 a year, we all have challenges saving,” says Kimmie Greene, money expert at Intuit and spokeswoman for Mint.com. “Because oftentimes what happens is, when people make more,” she says, “they end up spending more.”


When it comes to savings, Americans are falling short. In fact, about half of US families have zero retirement account savings. “Particularly the younger generation likes to think, ‘I’ll save more when I’m making more.’ But whether you’re making $50,000 a year or $200,000 a year, we all have challenges saving,” says Kimmie Greene, money expert at Intuit and spokeswoman for Mint.com. “Because oftentimes what happens is, when people make more,” she says, “they end up spending more.”
Here’s how much money you should have saved at every age Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-02-22  Authors: kathleen elkins
Keywords: news, games, cnbc, companies, making, heres, spending, younger, savingsparticularly, savings, think, short, age, youre, spokeswoman, money, zero, saved


Here's how much money you should have saved at every age

When it comes to savings, Americans are falling short. Nearly 70% of adults have less than $1,000 in their savings accounts.

Retirement funds are looking equally bleak. In fact, about half of US families have zero retirement account savings.

“Particularly the younger generation likes to think, ‘I’ll save more when I’m making more.’ But whether you’re making $50,000 a year or $200,000 a year, we all have challenges saving,” says Kimmie Greene, money expert at Intuit and spokeswoman for Mint.com.

“Because oftentimes what happens is, when people make more,” she says, “they end up spending more.”


Company: cnbc, Activity: cnbc, Date: 2017-02-22  Authors: kathleen elkins
Keywords: news, games, cnbc, companies, making, heres, spending, younger, savingsparticularly, savings, think, short, age, youre, spokeswoman, money, zero, saved


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If you’re over 55, take this job and love it

Perhaps the best time to change up your career is when you’re near its end. Close to one in five individuals aged 65 and over continues to punch the clock every day, according to the Pew Research Center. Meanwhile, more than half of Americans ages 50 to 64 are working and not retired, according to data from the Associated Press-NORC Center for Public Affairs Research. Indeed, older employees may continue working because they need to strengthen their finances. But 9-to-5 doesn’t have to be a grin


Perhaps the best time to change up your career is when you’re near its end. Close to one in five individuals aged 65 and over continues to punch the clock every day, according to the Pew Research Center. Meanwhile, more than half of Americans ages 50 to 64 are working and not retired, according to data from the Associated Press-NORC Center for Public Affairs Research. Indeed, older employees may continue working because they need to strengthen their finances. But 9-to-5 doesn’t have to be a grin
If you’re over 55, take this job and love it Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-02-17  Authors: darla mercado, caiaimage agnieszka olek, getty images, -kerry hannon, author of, getting the job you want after for dummies
Keywords: news, games, cnbc, companies, center, work, love, things, youre, 55, 50, according, try, working, theres, job


If you’re over 55, take this job and love it

Perhaps the best time to change up your career is when you’re near its end.

Close to one in five individuals aged 65 and over continues to punch the clock every day, according to the Pew Research Center. Meanwhile, more than half of Americans ages 50 to 64 are working and not retired, according to data from the Associated Press-NORC Center for Public Affairs Research.

Indeed, older employees may continue working because they need to strengthen their finances.

But 9-to-5 doesn’t have to be a grind — if you plan for it, said Kerry Hannon, author of “Getting the Job You Want After 50 for Dummies.”

“If there’s a kind of work that you want to move toward when you retire,” she said, “it’s important to give yourself time to try things out, get the skills and do the job first to see if it’s something that will catch you on fire.”


Company: cnbc, Activity: cnbc, Date: 2017-02-17  Authors: darla mercado, caiaimage agnieszka olek, getty images, -kerry hannon, author of, getting the job you want after for dummies
Keywords: news, games, cnbc, companies, center, work, love, things, youre, 55, 50, according, try, working, theres, job


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Lawyers could be the next profession to be replaced by computers

Leib’s Chicago-based company offers eDiscovery, an AI platform that searches documents for information relevant to lawsuits and other litigation. Leib also pointed out that computers “don’t get tired, they don’t get hungry, they don’t sleep in.” The big international law firm Reed Smith recently put that question to the test with RAVN ACE, the AI platform from RAVN Systems. “We took a deal that we’d already done, which we’d done manually,” said Lucy Dillon, chief knowledge officer of Reed Smith.


Leib’s Chicago-based company offers eDiscovery, an AI platform that searches documents for information relevant to lawsuits and other litigation. Leib also pointed out that computers “don’t get tired, they don’t get hungry, they don’t sleep in.” The big international law firm Reed Smith recently put that question to the test with RAVN ACE, the AI platform from RAVN Systems. “We took a deal that we’d already done, which we’d done manually,” said Lucy Dillon, chief knowledge officer of Reed Smith.
Lawyers could be the next profession to be replaced by computers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-02-17  Authors: dan mangan, fabrice coffrini, afp, getty images
Keywords: news, cnbc, companies, platform, ravn, lawyers, computers, reed, review, looking, dont, profession, replaced, ai, things, human, smith


Lawyers could be the next profession to be replaced by computers

One question raised by the introduction of AI legal platforms is how well they do their jobs compared to a flesh-and-blood lawyer, who has years of experience under her belt.

Will the machine miss things that a good lawyer with a lot of experience would otherwise catch? Proponents don’t think so.

“That’s an argument that been refuted quite a bit,” said Jay Leib, founder and managing member of NexLP. Leib’s Chicago-based company offers eDiscovery, an AI platform that searches documents for information relevant to lawsuits and other litigation.

“Can you miss anything? Sure,” Leib said of AI legal tools.

“But since 1985, we’ve known that human beings are not very good at keyword searches,” he said. “There’s this fallacy that human beings looking at documents is the gold standard. Not true. They’re missing things.”

He also said the explosion in the amount of electronic data generated today makes it hard for human workers to keep up.

“There’s just so much more data now that you need these technologies to boil the ocean for you” and find relevant material, Leib said.

Leib said NexLP is “not just looking at the text” of a document or email. “It’s looking at the tone of the conversation, who sent it,” to see if the item should be flagged for review in litigation, he said.

Leib also pointed out that computers “don’t get tired, they don’t get hungry, they don’t sleep in.”

“All of the things that are biological problems that can happen to a human being can’t happen to computers.”

The big international law firm Reed Smith recently put that question to the test with RAVN ACE, the AI platform from RAVN Systems. Reed Smith had RAVN conduct a review of hundreds of pages of documents.

“We took a deal that we’d already done, which we’d done manually,” said Lucy Dillon, chief knowledge officer of Reed Smith. “And we put it through the RAVN system to see how it compared. And it compared very favorably.”

Dillon said the RAVN platform “didn’t always get it right” when asked to identify and pull out certain items in contracts. But lawyers were able to add information to their queries and improve their results.

Plus, the platform “picked up some things that we had missed” when humans did their first review of the documents, she said. “The system had high levels of accuracy. And it was a great tool to use.”

And the RAVN was faster than its human counterparts. Much faster.

“We’re talking minutes versus days,” Dillon said.


Company: cnbc, Activity: cnbc, Date: 2017-02-17  Authors: dan mangan, fabrice coffrini, afp, getty images
Keywords: news, cnbc, companies, platform, ravn, lawyers, computers, reed, review, looking, dont, profession, replaced, ai, things, human, smith


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