Formula to Make One Million Dollars

Yesterday I watched one my favorite shows on national geographic, The Numbers Game.

What I like about the show is that the host is a data scientist, tackles life’s most daunting topics revealing the surprising science behind them.

Topics like money, sex, marriage and mortality.

The show is cool because it features mind-bending stats, hilarious man on the street experiments, and interactive game play.

The episode I watched was Will you make a million dollars? 

This episode is so interesting to me because making a million dollars is an item on my bucket list which I hope one day to achieve, ha.

I created an infographic to portray the key points or the “formula” to make a million dollars according to the show.

Obviously, there is more to these points but this is a good starting point.

Let me know what you think of the infographic :-)

Below is a quick explanation of each point and interesting facts about this topic.

The odds of winning the lottery is only 1 out 259 million in the U.S 

Neither private or public schools have a correlation on child’s success. Having a high parental involvement is twice as predictable of child success than a family's socio economic status.

1. Thinking outside the box

Not boxing out your brain, and instead looking at a problem from a different perspective can bring tremendous financial rewards.

Nike, Apple and Velcro products were created by creative thinking.

2. Building Emotional Intelligence

Emotional intelligence or EQ is the ability to perceive, control, and evaluate emotions, both in oneself and in others.

• 70% of us do not handle conflict or stress effectively, and just 36% understand emotions as they happen. The greatest challenges are at work, where just 15% feel respected and valued by their employers.

• Unlike IQ, EQ is not fixed at birth. New skills learned actually create permanent physical changes in the brain.

• People with high EQ's are 10 times more productive than those with low EQs. It’s no wonder that 90% of top performers are high in EQ, and a one point increase in your EQ adds $1,300 to your annual salary to IQ $616 annually.

Source here: TalentSmart

3. Negotiation skills 101

• Never be the first to quote a price, avoid and redirect conversation to create leverage. If you allow the other side to show their hand before you, you would have the advantage.By telling the other party, “we would like to see what you have on stock you avoid the question and redirect the conversation the way it benefits you to have leverage.

• Accommodate...slow down the pace of the negotiation and do your research. This will allow you more time to gather information and make a better decision. Impatient negotiators always lose.

• Be prepare to walk away if you are unsatisfied with the deal.

4. Be able to adapt to challenging situations 

This is one of the most important skills that we can have in the modern workplace. Our world is changing so fast we have to think on our feet.

One survey showed that employers ranked adaptability over any other value skills in the workplace including leadership and problem solving skills.

5. Persistence 

Stay focus on your financial goals and don’t give up rewards will follow.

6. Napping

A study shows that 26 mins naps shows can increase our work productivity by on third. I am all over that.

7. Procrastination

Procrastination can also be about consciously delaying a decision until the last minute so you make a better decision.

I will be looking to practice and think about these points