Sunday, August 28, 2011

Don’t Get “Scared” Out of the Market

I know it has been tough lately, but try to remember the wise words of Warren Buffet, “The market always comes back!”

With the media sounding the alarm that there may be a double dip recession, the downgrading of U.S. credit rating by S&P, the dismal economic forecast for many European markets it looks like many investors are becoming gun shy, to say the least, or they are losing all faith in the stock market. You can see evidence of this daily by listening to the news and watching rollercoaster of results on Wall Street.

But, would you believe that during volatile times like these, it is actually a time of great opportunity? Let’s say you are investing a set amount of money every month. When the market goes down you can buy more shares with that money and when the market comes back up you buy less shares, however, now all of the shares, even the extra shares you bought at the lower price go up in value – that’s called Dollar Cost Averaging. By following this strategy your money can really compound even in a volatile market.

Let’s take a lesson from recent history. The stock market can plunge or soar without a moment’s notice (sort of like that earthquake we experienced on the East Coast last week), leaving no time to bolt. Likewise, the healing power of the market often arrives when you least expect it. This is one thing that you can be sure of – the market will go up and the market will go down, in unpredictable ways, but, like Buffet says, it always comes back. Just like in early 2009, after stocks had fallen more than 50 percent, many investors and fund managers were terrified, but stocks surprised people, soaring 100 percent in just a few months and healing a lot of the damage caused by the crash.

Now let’s insert some simple numbers into this scenario. A person who had about $10,000 in the stock market before the crash would have had less than $5,000 at the worst point in April 2009, but if he left it alone he would have had about $9,000 by now. Yet if he had yanked it at $5,000 and put it in a savings account, he would be lucky to have $5,100.

Obviously, everyone is different and there are many other variables to consider: your risk tolerance, your time horizon until retirement, your goals, your investment allocations, etc. I am not attempting to advise you on any of this, however, I am just stating a fact that if you pull out your money at a low point in the market, you are guaranteed to lose. By riding out the waves in the stock market and taking advantage of dollar cost averaging it is very possible, not only recoup any loss, but over time amass a nice return on your investment.

Basically, do not let the fact that there is a lot of negativity out there scare you out of the market. Take all of the factors relating to your financial situation into consideration and make an informed financial decision instead of an emotional one. And remember, the market always comes back!

Check it out! This article was featured in the Senior Market Advisor magazine.

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 comments, please post them below, otherwise, feel free to contact me.

Monday, August 22, 2011

Love the Opportunity
Written by Jim Rohn

Somebody said you have to love what you do, but that’s not necessarily true. What is true is that you have to love the opportunity. The opportunity to build life, future, health, success and fortune. Knocking on someone’s door or making that extra call may not be something you love to do, but you love the opportunity of what might be behind that door or call.

For example, a guy says, “I’m digging ditches. Should I love digging ditches?” The answer is, “No, you don’t have to love digging ditches, but if it is your first entry onto the ladder of success, you say, ‘I’m glad somebody gave me the opportunity to dig ditches and I’m going to do it so well, I won’t be here long.’”

You can be inspired by having found something; even though you are making mistakes in the beginning and even though it is a little distasteful taking on a new discipline that you haven’t learned before. You don’t have to love it, you just have to learn to appreciate where you live, appreciate opportunity and appreciate the person who brought you the good news—who found you.

Appreciate the person who believed in you before you believed in yourself; appreciate the person who said, “Hey, if I can do it, you can do it.”

If you will embrace the disciplines associated with the new opportunity you will soon find that your self-confidence starts to grow, that you go from being a skeptic to being a believer. And soon, when you go out person to person, talking to people, you will find it to be the most thrilling opportunity in the world. Every person you meet—what could it be? Unlimited! Maybe a friend for life. The next person could be an open door to retiring. The next person could be a colleague for years to come. It’s big-time stuff. And sometimes in the beginning when we are just getting started we don’t always see how big it is.

So, before you are tempted to give up or get discouraged, remember all success is based on long-term commitment, faith, discipline, attitude and a few stepping stones along the way. You might not like the stone you are on right now, but it’s sure to be one of the stones that lead to great opportunities in the future.

Jim Rohn, America's Foremost Business Philosopher, reprinted with permission from Jim Rohn International © 2011. As a world-renowned author and success expert, Jim Rohn touched millions of lives during his 46-year career as a motivational speaker and messenger of positive life change. For more information on Jim and his popular personal achievement resources or to subscribe to the weekly Jim Rohn Newsletter, visit www.JimRohn.com.

Monday, August 15, 2011

Conducting a Personal Inventory of Your "Knowledge Resources"
Written by Denis Waitley

Self-knowledge has always been the key to preparing for competition. Knowledge of your attributes, abilities, interests, strengths, weaknesses, and traits is essential to riding the front end of the wave of change into the new century. To fully assess your own talents, realize that studies confirm that what we love and do well as children continues as our latent or manifest talent as adults.

Examination of your weekend or evening interests might reveal a gem of potential you can apply to your vocation. I strongly suggest you don’t unthinkingly relegate what you love to do for yourself solely to hobbies. You might make it, or at least integrate it into your life’s work.

The acquisition of knowledge, which is the new global power, is a life-long experience, not a collection of facts or skills. Not long ago, what you learned in school was largely all you needed to learn to secure a career. With knowledge expanding exponentially, this is no longer true. Hundreds of scientific papers are published daily.

Every thirty seconds, some new technological company produces yet another innovation. Your formal education has a very short shelf life. Life-long learning, once a luxury for the few, has become absolutely vital to continued success. Continue gaining expertise and avoid thinking like an expert.

Action Idea: An excellent benchmarking exercise is to spend a weekend with key associates or family members and dust off your childhood memories. Remember what you really enjoyed and wanted to do most as a child. The next activity in assessing your interests is considering your current ones. What do you most enjoy after work? What do you most want to do on weekends and vacations? What are your hobbies? Can you bring more of what you enjoy into your business life?

Action Step - Increase Your Reading, Writing and Vocabulary Proficiency. One of the most important qualities of successful leaders is an ability to express thoughts and knowledge. Research by management and human resource experts confirms that no matter what the field of employment, people with large vocabularies - those able to speak clearly and concisely, using simple as well as descriptive words - are best at accomplishing their goals. Well chosen, carefully considered words can close the sale, negotiate the raise, enhance relationships, and change destinies.

In a world of e-mail, fax dispersal, voice mail, sound bites, concise reports, business plans, and meeting briefs, the individuals who can articulate their goals, substantiate their claims, and support their visions, will own the future. In the 21st Century, literacy will be the major difference between the haves and have-nots.

Why do fewer than 10 percent of the public buy and read nonfiction books? One reason is that many would rather get home than get ahead. They are motivated to get by and get pulled along by the company, the economy, or the government.

Another reason is that many individuals believe that information found in books, computer programs, and training sessions has no value in the business world. How self-deluding!

As the new tools of productivity become the Internet, the Digital Versatile Disc, direct digital download of text, audio and video, and the combination of the interactive computer with telecommunications, the people who know how to control the new technologies will acquire power, while those who thought that education ends with the diploma are destined for low-paying, low-satisfaction jobs. In almost the blink of an eye, our society has passed from the industrial age to the knowledge era.

Increase your reading by 100 percent. Decrease your television watching, and that of any children in your family by 50 percent. Surf the Internet and subscribe to book summaries, or download free chapters from different sources. By reading book summaries, you can gain the essence of all the top business books in a very brief period of time.

Action Idea: Read at least one book each month, and listen to at least one additional audio book during commute or down time. One of the best sources for business audio books online is MP3audiobooks.com.

All kinds of reading and listening to fiction and non-fiction will increase your vocabulary, writing and presentation skills. Incredibly, a mere 3,500 words separate the average person from those with superior vocabularies.

Keep a dictionary beside you when you read and look up every word you don’t fully understand. Doing that on the spot helps make the word part of your vocabulary forever. And don’t depend on your computer’s spellchecker for your spelling. Not all e-mail service includes spell check. Also, you may be called upon to write longhand notes, memos, or information on white boards or blackboards at meetings. You not only want to use the right words. You also will want to spell them correctly.

A great way to increase your literacy is to engage in Internet conferences and to read summaries on the web from services like Amazon.com, Barnes and Noble and other booksellers. The more interactive you become in communications and the less you indulge in prime-time television, the more successful you’ll become in all areas of your life. Knowledge is the new power. And literacy is the door to knowledge. Hopefully, attending this “Winning for Life” program will be one of the keys that will open the door to your future for you.

Reproduced with permission from the Denis Waitley Newsletter.
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© 2011 Denis Waitley International. All rights reserved worldwide.

Friday, August 5, 2011

A Million Dollar Idea – By Applying the Fundamentals of the “Money Game”

A few weeks ago I participated in a "Change Your Life" Workshop where our goal was to offer "Million Dollar Financial Solution Ideas" to go. The phrase we like to use to describe the workshop is that "the workshop is free, but information is priceless!"

I hope you find the information in the video below to be priceless. Enjoy and please leave me your comments below!




If you cannot view the video please click on this link

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 either contact me or leave us your comments below.

Monday, August 1, 2011

The Magic Formula to Better Results:
It's Your Response that Counts
Written by Jack Canfield

In today's economic times, when everywhere you look there’s a rumbling of great uncertainty, I think we should all take a pause (and a deep breath) to think about our lives.

Are we moving in the direction we want to be? When things happen in the world that seem so far beyond our individual control, it can feel unsettling. And even though we think we are the masters of our own success, watching the news these days can chip away at our beliefs.

Even in tough economic times, you get to decide how to respond to certain conditions, opportunities, and outcomes—both good and bad.

While I don’t claim to be an economist, I do know one important fact. The economy is the same for everyone, it’s how you respond to it that determines how you feel about it.

It’s yet another example of what I’ve been teaching for years. . .


E + R = O
(Events + Responses = Outcome)

The basic idea is that every outcome you experience in life (whether it's success or failure, wealth or poverty, wellness or illness, intimacy or estrangement, joy or frustration) is the result of how you have responded to an earlier event (or events) in your life.

If you don't like the outcomes you are currently experiencing, there are two basic choices you can make:

Choice #1: You can blame the event (E) for your lack of results (O).

In other words, you can blame the economy, the weather, the lack of money, lack of education, racism, gender bias, the current administration in Washington, your wife or husband, your boss's attitude, the lack of support, and so on.

No doubt all these factors exist, but if they were the deciding factor, nobody would ever succeed.

For every reason it's not possible, there are hundreds of people who have faced the same circumstances and have succeeded.

It's not the external conditions and circumstances that stop us -- it's us!

We think limiting thoughts and engage in self-defeating behaviors. We defend our self-destructive habits (such as drinking and smoking) with indefensible logic.

We ignore useful feedback, fail to continuously educate ourselves and learn new skills, waste time on the trivial aspects of our lives, engage in idle gossip, eat unhealthy food, fail to exercise, spend more than we make, fail to tell the truth, don't ask for what we want, and then wonder why our lives aren't working.

Choice #2: You can instead simply change your responses (R) to the events (E) until you get the outcomes (O) you want.

You can change your thinking, change your communication, change the pictures you hold in your head (your images of the world) and you can change your behavior (the things you do.) That's all you really have any control over anyway.

Unfortunately, most of us are so engrained in our habits that we never change our behavior.

We get stuck in our conditioned responses-to our spouses and children, to our colleagues at work, to our customers and our clients, to our students, and to the world at large.

You have to gain control of your thoughts, your images, your dreams and daydreams, and your behavior.

Everything you think, say, and do needs to become intentional and aligned with your purpose, your values, and your goals.

If you don't like your outcomes, change your responses!

Here's an example of how this works...

Do you remember the Northridge earthquake in 1994? I do! I lived through it in Los Angeles.

Two days later I watched as CNN interviewed people commuting to work. The earthquake had damaged one of the main freeways leading into the city. Traffic was at a standstill, and what was normally a 1-hour drive had become a 2-3 hour drive.

The CNN reporter knocked on the window of one of the cars stuck in traffic and asked the driver how he was doing.

He responded, angrily, "I hate California. First there were fires, then floods, and now an earthquake! No matter what time I leave in the morning, I'm late for work. I can't believe it!"

Then the Reporter knocked on the window of the car behind him and asked the driver the same question. This driver was all smiles.

He replied "It's no problem. I left my house at five am. I don't think under the circumstances my boss can ask for more than that. I have lots of music and Spanish-language tapes with me. I've got my cell phone. Coffee in a thermos, my lunch-I even have a book to read. I'm fine."

Now, if the earthquake or the traffic were really the deciding variables, then everyone should have been angry. But everyone wasn't.

It was their individual response to the traffic that gave them their particular outcome. It was thinking negative thoughts or positive thoughts, leaving the house prepared or leaving the house unprepared that made the difference. It was all a matter of attitude and behavior that created their completely different experiences.

If we all experience the same EVENT, the OUTCOME you get will be totally dependent upon your RESPONSE to the situation.

If you want to take control of how you respond to life, you’ll start noticing that your outcomes will be more along the lines of what you have always hoped.

Remember, you control your destiny so make it a fantastic one!

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/.