Saturday, December 29, 2012

How to Remain Focused on Your Investing Goals

Let’s face it, most people invest so that they can one day retire, live off of their investment and never have to work another day in their life. Others might invest with the goal of leaving a large inheritance to surviving family members or friends. Whatever your goal might be, investing takes a lot of discipline.

I know it is the time for New Year resolutions, so in the following video I will show you some pitfalls many people make and some tips on how you can stay focused with meeting your own investing goals. And hopefully this will not just help you throughout this upcoming year, but through future years as well.

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

Saturday, December 22, 2012

The Key to Making Life Unique and Worthwhile
Written by Jim Rohn

The key to making life really unique and worthwhile is to share. Sharing has a certain unique magic of its own. Here’s what I learned in sharing ideas.

If you share an idea with ten different people, they get to hear it once, and you get to hear it ten times. So here’s part of self-interest for yourself, getting you even better prepared for the future. Share ideas. Share with your family, share with the people around you, share with other employees, share with your colleagues.

Because, by sharing, two things happen. Here’s what we call it. I don’t know how to explain it, but I do know it happens. And I don’t know all about how it happens or why it happens, it just happens.

When one person shares with another, two things happen. The audience could be transformed, and so could the speaker. If you share with someone else, they could be transformed. You may have dropped in at the right time. This may be their moment.

They’ve got three numbers dialed into the lock already, and if you say it well and say it right you’ll be the fourth number that they can dial into the lock of their personal experience and the door will come open and there’s opportunity they never saw before. The person who hears could be transformed.

But here’s what else is exciting. The person who speaks could be transformed. Guess what we’re all looking for… transformation for our new life. The new life tomorrow, the new life this month, the new life next year, the new life this year.

The caterpillar one day says, “I think I was made for more than this crawling on the ground.” So the caterpillar climbs the tree, attaches himself to a leaf and spins the cocoon. Who knows what disciplined effort it takes to spin a cocoon. But something inside the caterpillar says, “I was designed for something more than being just a caterpillar.”

And then when the cocoon is ready and it opens up, out comes a butterfly that flies away, maybe singing, “I believe I can fly! I believe I can touch the sky! I used to be a caterpillar on the ground, now I fly.”

I’m asking you to go through such a metamorphosis. I’m asking you often to go through a period where you say, “New skills, new things are waiting for me,” and part of this will come if you’ll translate for other people what you feel in your heart and in your soul. As awkward as your language might be at first, don’t hesitate to do it.

Here’s what sharing does… makes room for more. Key question: If the glass is full of water, can it hold any more? And the answer is yes. Yes, if you pour some out. So jot that down. If you want more, you’ve got to pour out what you’ve got, and then you have the opportunity to receive more.

Now, unlike the glass that remains the same size when you pour some out, it’s not so in the consciousness of human beings. Your capacity will increase the more you share. You’ll get bigger and bigger and bigger.

Now, why the self-interest wish to be bigger? Here’s why: to hold more of the next experience. Some people can’t hold much happiness because they’re too small, their thinking is too small, their activity is too small, they’re too small in their ability to share, they’re just too small. Can’t hold much. They’re too small.

But the bigger you get, the more you will receive. When happiness is poured out, you’ll get more. When joy is poured out on the nation, you’ll get more. When bounty is poured out from the economy, you will get more, if you share what you’ve got and become bigger and bigger and bigger.

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, December 16, 2012

The Trials, Tribulations and Rewards of Teaching My Kids Good Financial Habits

When my wife and I had our first child, we, like most parents, wanted to make sure that we taught and reinforced good financial habits in our children throughout their childhood and into adulthood.

We read many different articles and came to the conclusion that it would be a good idea to start giving our son an allowance at age 5 – at an age that we thought would be appropriate for starting to learn about money. We decided to give him a weekly allowance of an amount that equaled his age. At that time we wanted to teach him two important lessons: the habit of saving some of his money and the joy of spending some (not all) of his money. So, each week $2.50 went into his piggy bank and $2.50 went into his wallet. Everything went fine and dandy until one week when my son was 6 and I didn’t have the money ready for him on payday. I said I was sorry and that I’d go to the ATM machine in the morning and when I got some change I would pay him the money. Well, this did not sit well with him and he became rather upset with me for being late with his money.

The next day I did pay him the money like I promised, however, this was the defining moment that made me realize that I wasn’t actually teaching and reinforcing good financial habits; I was actually teaching my son entitlement and to expect something for nothing. Well, I continued to pay my son his weekly allowance, but I was secretly looking for another way to undo the mess that I created while researching on how to really teach him some good financial lessons. Also, by this time, my second child was already two, and we wanted to make sure that we did not repeat the same mistakes with her.

So, three years ago, when my son was 7, I started what I thought was to be an experiment that is still going strong today; I helped my son start his own business. By starting his own business, he was going to learn some real-world lessons, like getting paid for results and not to just expect money for nothing. And, I am happy to say that once my son started making money with his business we eventually phased out the allowance altogether. Incidentally, since this experiment went so well for my son, we never even started an allowance for my daughter. When she was 4, I helped her start her own business. And she has now had her business for 2 years and it’s still going strong.

With my kids having their own business and making their own money my wife and I have been encouraging our kids over the years (instead of just dividing their money between spending and saving) to divide all of their money into four meaningful categories: Giving, Investing, Spending and Saving This way we would not be just teaching important financial lessons, but important life lessons as well.

So, last week, I am proud to report, that my 10 year old son made a major milestone in his life – he bought his first laptop computer with his very own money, the money he saved up in his "Saving" category. Now, this may not seem to be a big deal to many; however it is a huge deal to my wife and me, and especially to my son. I’ve found that many lessons can be learned, both by adult and child, when you help a child start a business.

Leading up to my son’s latest milestone, here are some of the highlights of the many lessons learned, achievements made, habits formed and proud-parenting-moments had over the past three years while my son has been in business:
  • He has given a portion of his money generously to many charities including the church and some local families in need. I can tell you that it felt good to him to give to others and I am hopeful that he will continue the habit to keep on giving. I am proud of his compassion for others.
  • He has invested a portion of his money into the stock market so as he gets older he will hopefully have one less worry in his life than his parents had when they were growing up. I can tell you that he thought it was neat to start investing at such a young age and I am hopeful that he continues with the habit to keep on investing. I am proud of him for planning ahead for his future.
  • He has spent a portion of his money on various items that he wanted because he was responsible enough to budget his money wisely. I was happy to see him spending his own money on things that he enjoyed and making mistakes with his money while he is still young and while the amounts are still small. I can tell you that it felt good for him to have and spend his own money and I am hopeful that he continues the habit to keep on spending in a responsible manner. I am proud of his responsible spending habits.
  • He has saved a portion of his money loyally to reach his goal of buying a laptop computer. And after three years of saving and putting off instant gratification, he has finally reached his goal!!!!! I am so proud that he had the patience to wait and save for three years to finally accomplish his goal!! And now that he has accomplished this I hope he realizes that he can accomplish anything, no matter how impossible it might seem at first. I can verify that it felt good to accomplish his big goal and I am hopeful that he enjoys this achievement enough to continue the habit and keep on making and reaching for bigger and bigger goals. I am so proud of all of his dreams, goals and achievements.
I am proud of both of my children for many reasons, but one of those reasons is for their entrepreneurial spirit and for sticking with it over the years. I can tell you that my kids must really feel good about having their own business considering it’s been three years and they are still going strong. I hope they continue to keep their business going forward so they can continue the great habits and keep on Giving, Investing, Saving and Spending.

This has been a rewarding experience for both of my kids as well as for my wife and me so far. I don't have a crystal ball and cannot see into the future, but I am confident that we have at least started my kids down the right financial path. Obviously, I realize that the same things will not work for everyone, but, the trick is to try different things. Chalk up the things that don't work as learning experiences and praise, make a big deal and reinforce the things that do work. I hope you take the time to try this with someone that you care about and feel free to make changes and corrections along the way. Because they are worth it and I’m sure they will make you proud that you did.

Signed, Proud Parent

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, December 8, 2012

Time Can Be Your Greatest Friend While Procrastination Can Be Your Greatest Enemy

Most people would probably agree that procrastinantion is one of the easiest things to do (or to not do). It's just so easy to say, "I'll get to it tomorrow." And when tomorrow finally arrives, what do we say? "I'll do it later." Before you know it a year or more has passed and we still haven't done the thing
that we've been putting off doing all this time. I'm sure we are all guilty of this in many areas of our life. However, I hope to help you change this vicious cycle in at least one area of your life.

When investing for the future, it is important to know that so much is riding on the length of time that your money is in the market. The longer it is in the market, the more time your money has to compound and grow. In the following video, I will demonstrate how detrimental procrastination can be to your future bottom line. By just putting off starting to invest for only a few years, you can cut your potential savings in half. I hope that after watching this, no matter how easy you find it to procrastinate, that you will not put off starting to invest any longer and that you will start taking full advantage of the time that you do have.

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

Saturday, December 1, 2012

Facilitate Change by Empowering Others
Written by Jack Canfield

The first Success Principle I teach is to take 100 percent responsibility for your life. Never has this been more needed than now. Current societal challenges – such as the recession, decimation of the stock and real estate markets and high unemployment rate – have left many American living in a state of resignation and despair.

It is time to turn this situation around. Each of us has the power within us to create the life we want, the life we dream about, the life we were born to live. Each of us deserves to fulfill our full potential and manifest our true destiny. It is our birthright, but it must be claimed. It must be earned through hard work, and part of that work is first learning and then living by the time-tested and ageless principles that are guaranteed to bring about our desired results.

And you, even as a sole individual, can have a tremendous impact.

Pass Along the Lessons

Most of us did not learn the principles of success in school or at church. Only a few of us learned them at home. Instead, the principles of success have been passed down by mentors, teachers, coaches and more recently in books, seminars and audio programs.

As a student of success, you have much wisdom to offer the people in your life. The greatest gift you can give anyone is a gift of empowerment and love. What could be more loving than helping someone you care about get free from their limiting beliefs and ignorance about success, and empowering them to create the life that they truly want from the depths of their soul?

Imagine the Possibilities

What if everyone in your family gave up complaining, took full responsibility for themselves and their lives and started creating the life of their dreams? What if every one in your company practiced these principles? What if every member of your softball team approached life this way? What if every high school student in America knew these principles and put them into practice in class, on the playing field and in their social life? What if every man and woman in prison was to learn these valuable principles before they were released back into society? It would be a very different world.

Imagine a world where everyone would take 100% responsibility for their lives and the results they produce or don’t produce. Where everybody would be clear about their visions and their goals. Where nobody would fall victim to the criticism and abuse of others. Where everyone would persevere in the face of hardship and challenge.

Men and women would band together in teams to support each other to become all that they could be. People would ask for what they need and want and feel free to say no the requests of others when it is not right for them to respond with a yes. People would stop whining and complaining and get on with creating the life that they want. People would tell the truth and listen to each other with compassion because they know that peace, joy and prosperity would flourish if they did.

In short, the world would work!

Your Contribution Matters

The greatest contribution you can make to the world is to grow in self-awareness, self-realization and the power to manifest your own heartfelt dreams and desires. This is why Mahatma Gandhi advised, “Be the change you want to see in the world.”

As you shift, the people around you will notice and be inspired to model your actions. And as they shift, you’ll find that your little world becomes more of the place you dream it to be, full of support, peace and love.

The next greatest thing you can do is to actively facilitate the growth of others. But they are not the only ones who will benefit by your investment of time and energy in taking on the role of teacher.

Passing along your wisdom forces you to clarify your ideas, confront inconsistencies in your own thinking and more closely walk your talk. But most importantly, it requires you to read, study and speak the information over and over again. The resulting repetition reinforces your own learning.

And here’s another major benefit—the more you help other people succeed in life, the more they will want to help you succeed. If you’ve ever wondered why people who teach success strategies are so successful, here’s the answer: Because they have helped so many people get what they want, those they have helped naturally want to return the favor. The same will be true for you.

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/.