Sunday, February 21, 2010

Finding Opportunities in Any Economy
Written by Jack Canfield

Your own beliefs and behaviors are great predictors of your success than any fluctuation in the marketplace. Even when the newspapers splash the word recession across the front page, you can write your own success story.

Master the Art of “Inverse Paranoia”

Start by becoming an “Inverse Paranoid”. What I mean by this is, believe that every event in your life is the seed for your greater good; something meant to enrich you, empower you or advance your cause.

Imagine how much easier it would be to succeed in life if you were constantly expecting the world to support you and bring you opportunity.

You can easily verify this belief for yourself. Just think about the last time that a terrible event turned out to be a blessing in disguise.

A big blessing for me came during the 1970’s when I lost my job. I was working at the Job Corps Center in Clinton, Iowa, pioneering new ways to teach underachieving students. One day the word came down that the center was being relocated – and I was being laid off.

While attending a workshop at the W. Clement & Jesse V. Stone Foundation in Chicago, I shared my predicament with the presenter. He happened to be vice president of the foundation, and he immediately offered me a job working with inner-city black and Latino kids.

I accepted the offer, and what I got in return was a bigger salary, an unlimited budget, and a laboratory for learning the success principles that transformed my life and launched a new career path.

Ask Yourself: What Opportunity Exists Here?

Take the fast track to inspiration by constantly asking yourself: What’s the opportunity here? Make this a habit, and you’ll stay calm and centered during any event that seems like a setback.

The beauty of this question is that it triggers your mind to respond with positive suggestions. Compare these to the useless information you get by asking yourself the questions such as: Why did this happen to me? Or, Who’s to blame for this mess?

If you get passed over for a promotion or your retirement account takes a hit in the stock market, remember to ask: What’s the opportunity here? – or one of its inspiring variations:
  • What can I learn from this event?
  • What will I do differently from now on?
  • Who can I turn to as a mentor or coach?
  • What’s my next action?
Remember the Three Things You Control

In a way, the economy is just a vague and sometimes ambiguous idea. It refers in a general way to trillions of dollars of goods, services and products by billions of people across the planet. When you face a financial challenge, it is the vast, impersonal economy at work? Or is it your personal economy, which you can directly control?

You can’t always count on the economy, but you can always rely on yourself.

Remember, you have absolute control over three things in your life:

1. The thoughts you think
2. The images your visualize
3. The actions you take (including what you say to others)

Your life experience is simply the sum total of the choices you make in these three areas. And you can attract new results at any time by making new choices. Use the ideas and exercise found in this article to do just that!

Jack Canfield, America's #1 Success Coach, is founder of the billion-dollar book brand Chicken Soup for the Soul©Inspirational Books)© and a leading authority on Peak Performance and Life Success. If you're ready to jump-start your life, make more money, and have more fun and joy in all that you do, get FREE success tips from Jack Canfield now at: www.FreeSuccessStrategies.com/.

Wednesday, February 17, 2010

Don’t Mix “Dying Too Soon” With “Living Too Long”

I know, I know, life insurance is probably not the topic you really want to think about. Why is it even called Life insurance? I mean, you get accident insurance benefits when you get in an accident. For the most part, you need to die first before you receive any benefit from your life insurance. No one really wants to think about death though. That is probably why they never called it “Death Insurance”. However, for the most part, life insurance’s purpose is to replace the income so that the survivors can continue on without any major financial impact to their lives, thus managing the risk of “Dying Too Soon”. Term Life insurance is considered Pure Death Protection. It offers an income protection for a certain number of years. If you also invest during those years any type of permanent insurance is not needed. (This will be explained in greater detail below with the Theory of Decreasing Responsibility).

Some insurance salespeople will have you believe that you need life insurance for your whole life; a life insurance that has a cash savings account included with it. They will tell you that this will not only help your loved ones if you “Die Too Soon” but it will help you if you “Live Too Long” -- with the cash savings portion. These types of insurance policies are called Cash Value and are usually some form of Whole Life or Universal Life Insurance. This may sound like a great idea however, these products are usually much more expensive and the cash value gets a very low rate of return. For example, a 30-year-old person can buy a $125,000 whole life policy for $100 a month. That same person can buy a 20-year term policy for $7 a month and invest the remaining $93 dollars.

The Theory of Decreasing Responsibility
Insurance should manage the risk of “Dying Too Soon”
IN THE EARLIER YEARS...
  • You may have kids
  • Have a mortgage to pay off
  • You probably have lots of debt (credit cards, student loans, car loans, etc)
...so you need lots of income protection, but you don't have much money saved.

Investments should manage the risk of “Living Too Long”
IN THE LATER YEARS...
  • Your kids grow up and probably move out of the house
  • Your mortgage should be paid off
  • You shouldn't have too much debt to pay (hopefully all your loans are paid off and you have taken control of your credit card spending)
...so you probably don't need much income protection or any life insurance, but you better have money!

When you are young, you may have young children to support, a new mortgage payment, and many other obligations. But you haven't had the time to accumulate much money to retire on. This is the time when the death of the breadwinner could be devastating and when you need coverage the most.

When you are older, you usually have fewer dependents and fewer financial responsibilities. Your kids grow up, the mortgage is paid up or almost paid off, and many routine payments such as loans have disappeared. As a retiree, you no longer need to protect your income for future obligations. Plus, you've had years to accumulate wealth through savings and investments. At this point, your need for life insurance has reduced dramatically and you have cash to see you through your retirement years.

What it all comes down to is that most people want to accumulate money for a secure retirement and life insurance is simply a way to protect your family until then. Of course, individual circumstances may dictate special needs.

The Money Message:
  • Never Bundle Life Insurance (Dying Too Soon) & Investments (Living Too Long) in the same product!
  • Every legitimate consumerist will tell you “Cash-Value” Life Insurance is a flawed concept
  • Buy “Term” Life Insurance, invest the savings in an IRA mutual funds, and implement the “Theory of Decreasing Responsibility”
I'm so excited to share this information with you. If you have enjoyed the information or feel that it would benefit someone else, please share it. If you have any questions or comments, please feel free to contact me.

Friday, February 5, 2010

How to Turn Limp Affirmations Into Mantras for Success!
Written by Jack Canfield

To affirm something is simply to declare that it is true. So, creating and using affirmations should be a breeze, right?

Actually, the true art of the affirmation is both subtle and profound. Despite the popularity of this technique, some people use affirmations that are bland and perhaps even self-defeating.

When creating your affirmation, remember that even minor variations in wording can make a huge difference in the results you get. Since your words literally have the power to create your circumstances, invest a few minutes now to take your affirmation skills to a higher level.

Consider the following statement:

I will quit smoking with ease and joy, remembering the effects on my physical and mental health and preparing to live a longer life.

By using the guidelines found below, you can transform limp affirmations like that into mantras for manifesting a huge change in your life!

The following points are key:

FIVE GUIDELINES TO FOLLOW

1) Enter the “now”
Start your affirmation by entering the present tense. Take the condition you desire and declare it to be already true.

2) Be positive
Our sample affirmation keeps the focus on smoking—the condition that you do not want. Instead, shine a light on what you do want—to be smoke-free.

A related reminder: Our subconscious mind skips the word not. So, delete this word from your affirmations. “I am not afraid of public speaking” gives us the message that you are afraid. Use, “I feel at ease as I speak in public.”

3) Be concise
Shorter is better. Affirmations with fewer words are often easier to recall, especially in situations when you feel some stress. Rhyming makes your affirmations even more memorable. For example, “I am feeling alive at 185.”

4) Include action
Whenever possible, affirm yourself as a person who takes action. For example: “I am gratefully driving my new Porsche along an open highway.” Action engages the Law of Attraction, creating new results in our lives and opening us to further inspiration.

5.) Include a feeling word
Powerful affirmations include content and emotion. Content describes the specific outcome that you desire. Emotion gets to the heart of how you feel about that outcome. For a more potent affirmation, add both elements.

Consider this affirmation:

"I am supporting my children to fully come forward into the world."

The content of this statement is clear. Yet it lacks an emotional charge. Breathe life into this affirmation by adding an active expression of feeling:

"I am lovingly supporting my children and encourage them to fully express their unique talents and gifts."

You will know that you have a powerful affirmation when you feel a surge of emotional energy. The force of feeling jumpstarts you into action.

AN AFFIRMATION MAKEOVER

Now get some direct experience with “affirmation transformation.” Return to the first example mentioned in this article:

"I will quit smoking with ease and joy, remembering the effects on my physical and mental health and preparing to live a longer life."

Playing with the guidelines listed serves up some more exciting options, such as:

"I am breathing effortlessly with lungs that are pure and clean."

"I am celebrating how easily I breathe through strong, healthy lungs."


Also consider the following affirmations on a variety of topics:

"I am joyfully celebrating my graduation from college with a master’s degree."

"I am effectively delivering my first talk to an audience of over 1,000 people who affirm my message with a standing ovation."

"I am confidently checking the balance of my bank account as I make a deposit of $1,000,000."

"I am walking up on stage to receive my first Emmy award and receiving a roar of applause."


When you’re satisfied with the wording of your affirmation, start using it right away.

Repeat your affirmations at least three times daily—first thing in the morning, midday, and just before you go to sleep. Regular repetition will gently return your focus to manifesting the life of your dreams.

Jack Canfield, America's #1 Success Coach, is founder of the billion-dollar book brand Chicken Soup for the Soul©Inspirational Books)© and a leading authority on Peak Performance and Life Success. If you're ready to jump-start your life, make more money, and have more fun and joy in all that you do, get FREE success tips from Jack Canfield now at: www.FreeSuccessStrategies.com/.

Wednesday, February 3, 2010

What is Your Wealth Building Philosophy?

Let’s just suppose that you are faced with the following scenario. Your employer has a project that is really important to him that will only last for 30 days. You are hand-picked to take on this project because you are the brightest and most qualified. This project is so important to him that he not only willing to compensate you well for the job, but he is willing to let you choose the method of payment.

Here are your two compensation options: Plan “A” – where he will pay you a penny a day, doubled each day for 30 days and Plan “B” – where he will pay you $10,000.00 a day, each day for 30 days.

Which one would you choose?


Now let’s check out the results of the two plans side by side.


You can see that for a while Plan “A” was not doing so well as compared to Plan “B”. However, from the 25th day on, Plan “A” really blew Plan “B” away!

Why is that?

I’m glad you asked! Well, Plan “A” is exponential and symbolizes the magical power of compounding compound interest where time has great leverage. Plan “B” is linear and symbolizes simple interest where time has no leverage.

If you chose Plan “A” you are willing to take risks; you are entrepreneurial; you are a business builder; you are a “1099”.

If you chose Plan “B” you are very conservative and not willing to take many risks; you think like an employee; you like security and are a “Paycheck on Friday” type of person; you are a “W2”.

Some questions to ponder:
  • How do you choose to think?
  • Are you positioned to let your money compound?
  • Are you positioned to let your efforts compound?
  • What is your wealth building philosophy?
I'm so excited to share this information with you. If you have enjoyed the information or feel that it would benefit someone else, please share it. If you have any questions or comments, please feel free to contact me.