Sunday, March 26, 2017

The Greatest Leadership Trait of Successful People
Written by Jack Canfield

Our lives improve only when we take chances—and the first and most difficult risk we can take is to be honest with ourselves - WALTER ANDERSON, Editor of Parade magazine for 20 years

I want to really dive into the one common trait that all successful leaders share and that trait is the ability to identify what’s not working and deal with it quickly.

As someone in a leadership position – whether you’re a trainer, corporate manager, MLM distributor with a downline, owner of a small business, manager of a sports team, or parent – you want your team to thrive while working together to generate great results.

That means you need to have a strong understanding of what’s working – as well as what’s not.

It’s sometimes tempting to focus only on the positives and ignore the negatives in the hope they’ll magically resolve themselves. On rare occasions, that actually happens. But, far more often, a negative situation left untreated will fester and grow into something that threatens the health and performance of your entire team.

Great Leaders Deal With What Isn’t Working As Soon As Possible
To create an environment where all of your team members work in complete alignment with each other, genuinely care for each other, and work together to accomplish incredible goals, there’s one incredibly important step you need to take:

You’ve got to face what isn’t working and deal with it as soon as possible.
  • Do you defend or ignore how toxic your work environment is?
  • Do you make excuses for your team members’ poor performances?
  • Are you in denial about a personal conflict between individuals that’s negatively impacting the dynamics of the team?
  • Has a team member developed a bad attitude that’s affecting others?
Great leaders face these circumstances squarely, heed the warning signs, and take appropriate action, no matter how uncomfortable or challenging it might be.

Great Leaders Pay Attention
Pay attention to the “yellow alerts”.

Yellow alerts are the little signals you get that something’s not right. People aren’t speaking up in meetings. Team members talking in low voices fall silent when you enter the room. When you make a presentation, people looked bored and disengaged. Sales are down for the third quarter in a row. Great Leaders Face the Uncomfortable Situation Head On

Sometimes we choose to acknowledge these alerts and take action, but more often than not, we simply choose to ignore them. We pretend not to notice that something’s amiss.

Why?

Because to face what’s not working in your team, organization, or own personal leadership means you’re going to have to do something uncomfortable.

You might have to confront somebody, risk not being liked, demand respect, let someone go, or maybe even quit your job. But if you aren’t willing to do these uncomfortable things, you’ll end up tolerating a situation that doesn’t work to the point where it causes serious damage.

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/.

Thursday, March 16, 2017

Not all Dividends are created equal

The word "dividend" is often thrown around so loosely that its meaning gets confusing. Thus it is important to note the difference between Life Insurance Policy dividends and Investment dividends.

Investment Dividends
An investment dividend is a payment made by a corporation to its shareholders, usually as a distribution of profits. When a corporation earns a profit or surplus, the corporation is able to re-invest the profit in the business and pay a proportion of the profit as a dividend to shareholders.

Cash dividends are the most common form of payment and are paid out in currency, usually via electronic funds transfer or a printed paper check. Such dividends are a form of investment income and are usually taxable to the recipient in the year they are paid. When the dividends are reinvested, like in an IRA, the taxes can be deferred to a later date.

The main thing to note here is that investment dividends are taxable. If you bought the shares via a broker, that broker will send you a 1099 at year’s end telling you and the IRS how much you received during the year.

Life Insurance Policy Dividends
Policy dividends are a "return of premium," which means that if your insurer had an overall good year, it will give you back part of the premium you paid for your insurance policy. However, it is important to note here that dividend payments received from life insurance policies aren’t subject to taxes by the IRS, since the insurance companies generated the gains off of their policyholders. In essence, the dividend payments are treated as refunds for over payment of the premium. So, if you are receiving life insurance dividends, you are being deliberately overcharged to pay for them.

Don’t be fooled
A dividend as it relates to investing is a payment to you and a dividend as it relates to life insurance is a return of some of your over payment that you made to them. Life Insurance was never meant to be an investment and your insurance and your investments should be kept as far apart as possible. I mean, if you have health insurance, auto insurance, homeowner’s insurance – do any of these products have a savings element with them? No, because it doesn’t make any sense. And it shouldn't make sense with your life insurance policy either.

Here are some ways that life insurance companies make policy dividends look so good:
  1. By using the word dividend in the first place, it just sounds like a good thing.
  2. They might also tell you that with stock dividends, they are only concerned with paying the shareholder. However, with policy dividends, we are more concerned with paying our policy holder.
  3. Furthermore, they often pay dividends to keep customers from defecting to other insurers. They think a check at the end of the contract year — no matter how small — is incentive enough for policyholders to renew their coverage and not seek lower rates or better coverage elsewhere. (If they only knew it was their own money.)
Insurance companies pay dividends not only to pass on perceived savings to policyholders, but also to get a substantial tax break. Dividends are subtracted from a company's income, thus lowering the amount of taxes it must pay.

The Bottom Line
Keep your Insurance and Investments separate. Buy lower cost Term Life Insurance and you will surely have more money for, perhaps, putting it towards some real dividend-paying investments.

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.

Sunday, March 12, 2017

Stop Using These Affirmations Now
Written by Jack Canfield

Life is full of obstacles and roadblocks. It is easy to slip into negative self-talk when faced with these setbacks. This pessimistic outlook has a greater impact on your mindset than you’d think. I want to share a few common affirmations that you should stop using immediately and some positive replacements for them.

The Law of Attraction is at Work Right Now
The Law of Attraction is the most powerful law in the universe. Like gravity, it is always in effect, always in motion. It is working in your life at this very moment.

Simply put, the Law of Attraction says that you will attract into your life whatever you focus on. Whatever you give your energy and attention to will come back to you. If you focus on lack and negativity, then that is what you will attract into your life.

Replace These Negative Affirmations Now!
The negative messages that you feed yourself can lead to depression, lack of self-esteem and low self-confidence.

If you are using any of these affirmations you should stop, and replace them right now, instead choose from this list of positive affirmations.

1) "Money is the Root of All Evil."
The first affirmation you need to stop using now is “Money is the root of all evil” or “Having money creates more problems in life.”

There is nothing wrong with desiring financial wealth. You can do a lot of good in the world with greater financial assets. It is only the attachment to money that becomes problematic.

Replace this with:

"My life is abundant in every way."

2) "I Don't Want to Be Angry." The second affirmation to stop using now is “I don’t want to be angry.”

It’s important to focus on what you do want, not on what you don’t want. State your desires in a positive way.

Your mind works in pictures. If you say “I don’t want to be angry,” you are creating the picture and the vibration of being “angry.” The universe only receives the frequency of “angry” and responds to that.

You must focus on the opposite of what you don’t want. In this case, it would be a better choice to say

“I want to be more loving and accepting of the way things are.”

3) "I Don't Want to Get Sick." The third affirmation to stop using now is “I don’t want to get sick.”

We have a tendency to focus on what we don’t want in so many areas of our lives, even when it comes to our own health.

When faced with an illness or disease, we become completely preoccupied with the problem rather than the desired outcome. We tend to give our complete focus to the illness, and all that it entails, instead of focusing on being healthy.

Use an affirmation like

“I always enjoy being vibrant, healthy, energetic and strong.”

Since what you focus on expands, you want to direct your energy and thoughts to those of being well. Keep your thoughts positive and optimistic, and see yourself as healthy and whole.

Your positive energy, thoughts, visualizations, affirmations, prayer and meditation combined with whatever holistic, natural integrative or traditional medical treatments you choose to seek will serve to enhance the healing process.

4) "I'm Losing Control."
The fourth affirmation to stop using is, “I am losing control.”

There are times in life where you may feel like you can’t control the things that are happening around you. Remember that you are always responsible for how you react to the things happening around you.

Negative thoughts often cause feelings of hopelessness and distance. Begin to think positively about the things happening around you and acknowledge that you are responsible.

A positive affirmation to replace this is:

“I am grateful for every experience in my life.”

Think Differently and Positively
Make a conscious effort to restructure the way you think and speak. Avoid giving any unnecessary energy to the things you don’t want in your life. Avoid subjecting yourself, your thoughts, and your emotions to the negative people and influences in your life. Remember, nothing will change for the better until you do.

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/.

Sunday, March 5, 2017

3 Reasons That Could Be Keeping You From Becoming Wealthy
Written by Jack Canfield

Many people try to find a big break or the secret to becoming wealthy. The internet is full of “How to Get Rich Fast” articles, but your paycheck remains the same.

Sadly, there is no quick and easy route to making it big. Attaining wealth takes time, patience, and the know-how.

Here are three reasons that could be keeping you from becoming wealthy…

1. Replace Negative Beliefs About Money
Like everything I’ve said about transforming your life, financial success also starts in your mind.

So first, you’ll have a hard time becoming wealthy if you don’t surface, identify, root out, and replace any negative or limiting beliefs you have about money.

Things like:
  • "Money doesn’t grow on trees."
  • "You have to have money to make money."
  • "Money is the root of all evil."
  • "You can’t buy happiness."

Include Money In Your Daily Affirmations
These beliefs are subconsciously putting out the wrong vibrations. They conflict with your conscious intentions of becoming wealthy. Tackle these beliefs and turn them into positive turnaround statements like:

"When it comes to me, money is the root of love, joy, and good works."

And remember to include money into your daily visualizations and affirmations.

Visualize all your financial goals as already accomplished. See your desired paychecks, rent checks, bank statements, stock reports, and real estate portfolios. Feel the feelings you think you would feel when each of these becomes a reality.

2. Start Spending Less
The second reason becoming wealthy is hard for you is you’re not spending less.

Spending too much keeps you in debt, prevents you from saving, and focuses you on consumption.

Try this: Go through every closet, drawer, and cabinet in your house and take out everything you haven’t used in the past year.

I’ve encountered people who found expensive clothes and equipment with the tags still attached, literally used once.

Add up the cost of these items, and you’ll probably find that the total is more than your current credit card debt.

Pay Cash For Everything
To get yourself to spend less, I am going to suggest – except for things like your car or your home - paying cash for everything.

It’s immediate and it makes you think about what you’re buying. Since it’s tangible and visible, you’ll start to consider every purchase much more carefully.

Have the Lifestyle You Want For Less
Also, try living the lifestyle you want, but paying a whole lot less for it.

Try to buy things on sale. Ask for deals. Research the lowest price on the internet. Buy designer clothes at vintage shops and so on.

I know many people who do this to maintain an aggressive saving and investment program.

3. Pay Yourself First
Lastly, before you pay your debt and for the lifestyle you want, you’ll never become wealthy if you don’t pay yourself first.

There’s a book written in 1926 by money leader, George Classon called, The Richest Man in Babylon, which said the first principle of creating wealth is: “A part of all you earn must be yours to keep.”

Start by putting at least 10% of all your earnings aside. Make that money inaccessible for expenses and you’ll see this amount build over time. In turn, it will start earning money on its own.

Live on What’s Left
The world’s most aggressive savers make investing money as important as paying their debt. Get in the habit of immediately putting a predetermined percentage of your paycheck in a savings account.

This will save you some money every month. Do not allow yourself to touch it. Keep adding to that account until you’ve saved enough to move it into a mutual fund or bond account.

You can even invest it somewhere else.

Pay yourself first, then live on what’s left. Trust me, this will force you to find ways to earn more money to afford things you want to buy or do.

You can also use a vision board to stay focused on your goals and attract the resources and opportunities you need to achieve them!

Create New Money Habits
If any of the three reasons I provided resonated with you, it is clear why you are not becoming wealthy. There is no quick fix, but putting in the work and making slight adjustments to your money habits will pay off. You have the power to transform your life. It all starts in your mind.

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/.