Sunday, July 29, 2012

Today Is Yesterday's Tomorrow
Written by Jim Rohn

The problem with waiting until tomorrow is that when it finally arrives, it is called today. Today is yesterday's tomorrow. The question is, What did we do with its opportunity? All too often we will waste tomorrow as we wasted yesterday, and as we are wasting today. All that could have
been accomplished can easily elude us, despite our intentions, until we inevitably discover that the things that might have been have slipped from our embrace a single, unused day at a time.

Each of us must pause frequently to remind ourselves that the clock is ticking. The same clock that began to tick from the moment we drew our first breath will also someday cease.

Time is the great equalizer of all mankind. It has taken away the best and the worst of us without regard for either. Time offers opportunity but demands a sense of urgency.

When the game of life is finally over, there is no second chance to correct our errors. The clock that is ticking away the moments of our lives does not care about winners and losers. It does not care about who succeeds or who fails. It does not care about excuses, fairness or equality. The only essential issue is how we played the game.

Regardless of a person's current age, there is a sense of urgency that should drive them into action now, this very moment. We should be constantly aware of the value of each and every moment of our lives, moments that seem so insignificant that their loss often goes unnoticed.

We still have all the time we need. We still have lots of chances—lots of opportunities—lots of years to show what we can do. For most of us, there will be a tomorrow, a next week, a next month, and a next year. But unless we develop a sense of urgency, those brief windows of time will be sadly wasted, as were the weeks and months and years before them. There isn't an endless supply!

So as you think of your dreams and goals of your future tomorrow, begin today to take those very important first steps to making them all come to life.

Jim Rohn, America's Foremost Business Philosopher, reprinted with permission from Jim Rohn International © 2012. 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.

Sunday, July 22, 2012

Is Cash Really a "Safe" Place For Young Investors?

Nowadays it isn't hard to find proof that younger investors are hesitant to put their money into the stock market, much less do any investing at all. A recent study conducted by T.Rowe Price at the end 2011 found that only 22% of twenty-somethings have confidence in the market. Only 55%
were optimistic about investments in the next 12 months. Only 39% were confident that the will have enough money for retirement. And only 35% have a detailed retirement plan. The study concluded that fewer investors in this age group were planning on contributing to their individual retirement account in 2011 than in the previous year, in part because of this lack of confidence in the markets. Furthermore, for those that are investing, we are seeing higher percentages of their investable assets in cash rather than in stocks. You can see evidence of this negative trend wherever you turn, whether it is through the media or around the water cooler at work.

It also isn't hard to find reason for their hesitancy. I mean the average annual return for the S&P 500 last decade was a stark minus 0.95 percent! Moreover, many younger investors have either seen first-hand from their parents or heard of their friend’s parents having their retirements ruined by the latest Great Recession. By coming of age during this period of turbulent economic times, you can probably understand how they may have been turned off from stocks for good.

However, these negative trends are alarming, especially for the younger investor, because time, which they potentially have a lot of, is the most important deciding factor in how much money they will have to live off of later in life. Of course, past performance is not a guarantee of future results, but over longer periods of time, equities have tended to do well. The average annual return for the worst 30-year period for the S&P 500 was 8.5 percent.

Morningstar did a study that I found fascinating: They assumed that a 25-year-old who earns $40,000 today would save 15 percent of his salary every year for the next 40 years. His salary would grow annually by the rate of inflation. And he would invest the money in a portfolio that started off with roughly 90 percent in equities that would gradually shift to a mix of 50 percent stocks and 50 percent bonds by retirement.

Then they asked the question: What if the investor got the worst possible outcome in the market while he saved over that 40 year period? By assuming the worst-case-scenario, his portfolio would grow to $651,400. When asking the same question, but this time assuming the best possible outcome, they figured that the investment would have grown to $3.5 million!

Then they asked, What if he stayed in cash the entire time? Well, under the best case scenario, he would have accumulated only $555,200 or nearly $100,000 less than the amount he would be able to retire with in the worst stock market scenario.

The pendulum swings both ways. The market goes up and the market goes down in very unpredictable ways and that is one thing that you can be sure of. However, when talking about long term investing, especially for young people and despite the recent happenings in the stock market, you will have the greatest potential for future winnings by getting in and staying in the market with equities. Don't lose out later in life by being "safe" today.

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.

Saturday, July 14, 2012

Don't Send Your Ducks to Eagle School
Written by Jim Rohn

The first rule of management is this: don’t send your ducks to eagle school. Why? Because it won’t work. Good people are found, not changed. They can change themselves, but you can’t change them. If you want good people, you have to find them. If you want motivated people, you have to find them, not motivate them.

I picked up a magazine not long ago in New York that had a full-page ad in it for a hotel chain. The first line of the ad read, “We do not teach our people to be nice.” Now that got my attention. The second line said, “We hire nice people.” I thought, "what a clever shortcut!”

Motivation is a mystery. Why are some people motivated and some are not? Why does one salesperson see his first prospect at seven in the morning while the other sees his first prospect at eleven in the morning? Why would one start at seven and the other start at eleven? I don’t know. Call it “mysteries of the mind.”

I give lectures to a thousand people at a time. One walks out and says, "I’m going to change my life.” Another walks out with a yawn and says, “I’ve heard all this stuff before.” Why is that?

The wealthy man says to a thousand people, “I read this book, and it started me on the road to wealth.” Guess how many of the thousand go out and get the book? Answer: very few. Isn’t that incredible? Why wouldn’t everyone go get the book? Mysteries of the mind…

To one person, you have to say, “You’d better slow down. You can’t work that many hours, do that many things, go, go, go. You’re going to have a heart attack and die.” And to another person, you have to say, “When are you going to get off the couch?” What is the difference? Why wouldn’t everyone strive to be wealthy and happy?

Chalk it up to mysteries of the mind and don’t waste your time trying to turn ducks into eagles. Hire people who already have the motivation and drive to be eagles and then just let them soar.

Jim Rohn, America's Foremost Business Philosopher, reprinted with permission from Jim Rohn International © 2012. 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.

Friday, July 6, 2012

Let It Be You
Written by Jim Rohn

Each and every day, there are people all around the country and world who are living their dreams. Millionaires are made every day. Families are experiencing tremendous relationships. People are becoming more and more healthy. Lifelong learners are growing intellectually and improving their chances for success.

The fact is that living the life of your dreams is possible. People prove that every day. Someone somewhere is going to get rich, get healthy and improve their life. My recommendation is this: Let it be you!

Have you ever wanted to make more money? Have you ever looked at someone who has money and wished that it could be you? People think about getting wealthy all of the time, when only a small percentage actually does. But any of the masses could. Someone is going to start a business. Someone is going to make a great investment. Someone is going to begin the journey to great wealth. So why not let it be you?

Someone is going to decide to improve their relationships. Someone is going to enjoy love with their family. Someone is going to schedule some meaningful time with their friends. So why not let it be you?

Someone is going to go back to school to improve their life. Someone is going to become a lifelong learner. Someone is going to set a goal to read a book or listen to a CD each week for the next year. So why not let it be you?

Someone is going to look in the mirror and see that they need to lose a little weight and they will make the decision to become healthy. Someone will run their first marathon. Someone will join an aerobics class and improve their health. Why not let it be you?

I think that by now you get the point: Every day people are improving their lives. Whether you do or not doesn´t matter to those who do. They are going to do it, regardless. It is simply a matter of a decision being made. Let that person be you!

You may be asking, “Okay Jim, but how?” Well, let´s cover the very simple actions.

The first and most important is to make a commitment to work on yourself. Are you going to improve or stay the same? No matter what you have achieved, you are at a certain point right now. What you have achieved in the past is fine, but it doesn´t make a difference for the future. The decision about what you will become is made each day and every day. Each day someone is making the decision to better him or herself. Let that person be you!

The second is to make a plan. Once you have decided to become better you will have to have a plan. It doesn´t have to be a long, intricate plan. It can be simple. Save a dollar a day. Walk a mile a day. Read an article a day. That is a simple plan with achievable goals. Someone is going to develop a plan that will take them into the future of their dreams. Let it be you!

The third is to begin to act. All of the great ideas, without action, become stale and useless. The key to turning dreams into reality is action. People who have great ideas are a dime a dozen. People who act on their dreams and ideas are the select few, but they are the ones who gain the wealth and wisdom that is available. Someone will act today. Let it be you.

My encouragement to you is to stop looking at others who live the good life, wishing that you were as well, and instead begin to commit to your improvement, develop a plan and act on it. Someone is going to. Let it be you!

Jim Rohn, America's Foremost Business Philosopher, reprinted with permission from Jim Rohn International © 2012. 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.

Sunday, July 1, 2012

Making the Most of Today
Written by Denis Waitley

What each of us is doing this minute is the most important event in history for us. We have decided to invest our resources in THIS opportunity rather than in any other.

It is helpful to remember this when we consider the passage of time. As I write this, my mother is in her 80s and I will never see 50 again. As the years pass, I am acutely aware that the bird of time is on the wing. At my 40th high school reunion, I saw people who claimed to be my former classmates. We all had big name tags printed in capital letters so we wouldn't have to squint with our reading glasses on trying to associate the name with each well-traveled face. It was only yesterday that I was really enjoying high school. What had happened to the four decades in between? Where had they flown?

To the side of the bandstand, where the big-band sound of the late 1940s and 1950s blared our favorite top-10 hits, there was a poster with a printed verse for all of us to see. I read the words aloud: "There are two days in every week about which we should not worry, two days which should be kept free from fear and apprehension."

"One of these days is YESTERDAY, with its mistakes and cares, its faults and blunders, its aches and pains. Yesterday has passed forever beyond our control. All the money in the world cannot bring back yesterday. We cannot undo a single act we performed or erase a single word we said. Yesterday is gone."

"The other day we should not worry about is TOMORROW, with its possible adversities, its burdens, its large promise, and its poor performance. Tomorrow is also beyond our immediate control."

"This leaves only one day, TODAY. Anyone can fight the battles of just one day. It is only when you and I add the burdens of those two awful eternities—Yesterday and Tomorrow—that we break down."

"It is not the experience of Today that drives us mad, it is remorse and bitterness for something which happened yesterday and the dread of what tomorrow may bring. Let us therefore… Live this one full TODAY."

Malcolm Forbes believed the important thing is "never say die until you're dead," and he lived that example to the hilt. It is, as we realize when we suddenly attend our 40th high school reunion, a short journey.

But it is difficult to be depressed and active at the same time. So get active! Live TODAY.

Reproduced with permission from the Denis Waitley Newsletter. To Subscribe to Denis Waitley's Newsletter Use this link © 2012 Denis Waitley International. All rights reserved worldwide.