Sunday, April 28, 2013

Establishing Dreams and Goals
Written by Jim Rohn

One of the amazing things we have been given as humans is the unquenchable desire to have dreams of a better life, and the ability to establish goals to live out those dreams. Think of it: We can look deep within our hearts and dream of a better situation for ourselves and our families;
dream of better financial lives and better emotional or physical lives; certainly dream of better spiritual lives. But what makes this even more powerful is that we have also been given the ability to not only dream but to pursue those dreams and not only to pursue them, but the cognitive ability to actually lay out a plan and strategies (setting goals) to achieve those dreams. Powerful!

What are your dreams and goals? This isn't what you already have or what you have done, but what you want. Have you ever really sat down and thought through your life values and decided what you really want? Have you ever taken the time to truly reflect, to listen quietly to your heart, to see what dreams live within you? Your dreams are there. Everyone has them. They may live right on the surface, or they may be buried deep from years of others telling you they were foolish, but they are there.

So how do we know what our dreams are? This is an interesting process and it relates primarily to the art of listening. This is not listening to others; it is listening to yourself. If we listen to others, we hear their plans and dreams (and many will try to put their plans and dreams on us). If we listen to others, we can never be fulfilled. We will only chase elusive dreams that are not rooted deep within us. No, we must listen to our own hearts.

Let's take a look at some practical steps/thoughts on hearing from our hearts what our dreams are:

Take time to be quiet. This is something that we don't do enough in this busy world of ours. We rush, rush, rush, and we are constantly listening to noise all around us. The human heart was meant for times of quiet, to peer deep within. It is when we do this that our hearts are set free to soar and take flight on the wings of our own dreams! Schedule some quiet "dream time" this week. No other people. No cell phone. No computer. Just you, a pad, a pen, and your thoughts.

Think about what really thrills you. When you are quiet, think about those things that really get your blood moving. What would you LOVE to do, either for fun or for a living? What would you love to accomplish? What would you try if you were guaranteed to succeed? What big thoughts move your heart into a state of excitement and joy? When you answer these questions you will feel great and you will be in the "dream zone." It is only when we get to this point that we experience what our dreams are!

Write down all of your dreams as you have them. Don't think of any as too outlandish or foolish—remember, you're dreaming! Let the thoughts fly and take careful record.

Now, prioritize those dreams. Which are most important? Which are most feasible? Which would you love to do the most? Put them in the order in which you will actually try to attain them. Remember, we are always moving toward action, not just dreaming.

Here is the big picture: Life is too short to not pursue your dreams. Someday your life will near its end and all you will be able to do is look backward. You can reflect with joy or regret. Those who dream, who set goals and act on them to live out their dreams, are those who live lives of joy and have a sense of peace when they near the end of their lives. They have finished well, for themselves and for their families.

Remember: These are the dreams and goals that are born out of your heart and mind. These are the goals that are unique to you and come from who you were created to be and gifted to become. Your specific goals are what you want to attain because they are what will make your life joyful and bring your family's life into congruence with what you want it to be.

Jim Rohn, America's Foremost Business Philosopher, reprinted with permission from Jim Rohn International © 2013. 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

Thursday, April 18, 2013

The Three "D's" of Successful Investing

There is a lot of uncertainty keeping many out of the stock market these days. Even though the stock market recently climbed to new record highs, many people still have the fresh memories of 2008 when their 401Ks turned into 201Ks. Many people are still bitter from pulling their money out at this time and incurred heavy losses.
I heard on the news recently that had you stayed in the market, by now (March of 2013) you may just be recovering from your 2008 losses. So, for better or worse, it looks as if we survived the worst economic period in history since the Great Depression.

But even with this latest bit of good news, I still see a lot of people not so sure about getting back in the market because of the future's uncertainty. I can understand this because I know a lot of our financial decisions are made with our emotions and not necessarily with our more logical mind. Nobody knows what the future holds and I'm definitely not saying that I do, however one thing that I do know for certain is that the market will go up and down and continue to do so in a pretty unpredictible fashion. I think one of the biggest mistakes I see people make is waiting around on the sidelines and trying to figure out when it will be the best time to get back into the market. Hopefully in the following video, I can eleviate some of your worries as I offer some tips on how to create a successful investment strategy by implementing the three "D's" of successful investing.

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.

Sunday, April 14, 2013

Don’t Pay the High Cost of Waiting - Start Now!

Would you like to have $1 million saved for retirement? Start saving now! For every year you put it off, you pay the high cost of waiting.

For example, if you start saving $178 each month at age 25, you could have one million dollars at age 67. But, if you wait until age 35 to start, you’ll have to put away $451 each month. Wait 10 more years and start at age 45, you’ll have to save $1,212 each month. Get started at age 55, and you’ll have to save $3,880 each month. That’s 22 times more per month than if you’d started at age 25 – ouch! And if you wait 5 more years until age 60, you will have to save $8,589 each month!

Note to parents: Who says you can't start investing even earlier? By helping your kids to invest earlier than age 25, you can help them drastically reduce the amount that they would need to save each month to reach their million dollar goal!

Because of the power of compound interest, the sooner you start to save, the less you’ll have to put away to meet your goal. Don’t pay the high cost of waiting – start saving for retirement 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.

Sunday, April 7, 2013

Show Them the Prize (and Penalties) and They Will Gladly Pay the Price

I believe the most important financial lesson that everyone needs to learn as early as possible in their life is the understanding of the time value of money.

For example, let's just say that a 27 year old named Bob started investing $100 a month and wanted to do this for 40 years until he was 67. If that money was working at a 9% interest rate he would have accumulated $471,640 by retirement. In this case the price was $100 a month for 40 years and the prize was $471,640 in retirement.

Now, lets suppose Bob decided that it was more important to save that $100 a month towards something else like a big screen television and that he will start investing next year at age 28. So, by waiting a year to invest he is saving himself $1200 right? Let's see, by investing $100 a month at age 28 for 39 years, because now he has one year less to invest until age 67, working at 9% he would accumulate $430,040 or $41,600 less than his initial prize by retirement. So really this is not a savings of $1200 - he has a nice new flat screen television, but has paid a hefty penalty of taking $41,600 away from his retirement money, all for waiting just one year to start investing.

Like most people who procrastinate for one year, that one year turns into 5 years. So, if Bob were to wait 5 years until the age of 32 to start investing, he would have technically saved himself $6000 by not putting away $100 a month for 5 years. However, by age 67, that money working at 9% for only 35 years would have grown to $296,380, which is really a penalty of $175,260 to his retirement savings.

Before he realizes it, 15 years go by and at 42 Bob still hasn't started investing. He now realizes that by not investing that $100 a month for 15 years he was able to spend an extra $18,000 during that period, however, he really doesn't have much to show for all of that extra spending. He also now realizes that if he were to start investing $100 a month for only 25 years at 9%, he would accumulate $112,950 by age 65 which would be $358,690 less than what he would have accumulated had he started back at age 27. Bob knows that he is not going to be able to retire on just $112,950. At this point Bob meets with his financial professional and learns that if he wants to reach the goal of his original prize - $471,640 - by age 67 he would have to raise his monthly investment by over 4 times - from $100 a month to $418 a month - and he will have to continue this for the 25 years until he turns 67.

So, at age 42, Bob learns some very important lessons on the time value of money and some of the penalties that can incur - like getting smaller prize or paying a higher price - by just waiting to invest.

By learning the time value of money earlier in life we can teach better lessons - like how to increase the prize or how to lower the price of the prize. Let's see what would happen if Bob were to understand the time value of money at age 18, 9 years earlier than he originally started thinking about investing:

How to increase the prize
Let's say Bob had a job and could afford to invest $100 a month (that's only about $25 a week) at age 18. If he were to do that, he would have 49 years until he was 67 and if it was working at 9% that would accumulate to over $1 million ($1,073,683 to be exact)! Over doubling the initial prize by starting to invest only 9 years earlier - not a bad deal!

How to lower the price
Suppose Bob couldn't afford to invest $100 a month, but he still understood the time value of money and his goal was to reach the initial prize of $471,640 by age 67. By starting to invest 9 years early, Bob would only have to invest $44 a month, less than half the amount he would have to invest had he started when he was 27.

I hope by now you agree with me on the importance of understanding the time value of money. I actually believe that this needs to be taught before the age of 18 - as early as they can comprehend - and that it needs to be reinforced continually over the years. I realize how tough it is to teach kids to invest at an early age - I have two young ones myself. However, if we show them the prize and how they can avoid the penalties, they will gladly pay the price!

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.