K.I.S.S. And Credit Card Accounts

My Dad and father-in-law were at both ends of the spectrum when it came to managing their checking accounts. Dad would spend hours, sometimes days, tracking down a two cent error in his chequebook register. It drove him bonkers when his chequebook didn’t balance to the penny with the account statement.

My father-in-law, on the other hand, didn’t even keep a chequebook register. He couldn’t be bothered with balancing his account. His philosophy was, “If I run out of money the bank will let me know.” That is a hands off approach that few of us can get away with, but, it worked for a person that was born and lived in a town of less than 800 people. The bank did, indeed, let my father-in-law know when he was overdrawn. They never, to my knowledge, charged him overdraft fees.

That approach can work in a small town in Northern Idaho. Most of us, however, do not have that kind of a relationship with our bank. In order for our personal finances to run smoothly, it is our responsibility to make the lifestyle choices, and do the work associated with managing our day-to-day finances. How we handle our checking account and credit card transactions is fundamental to keeping things running well.

My Approach Is Somewhere In The Middle

My approach to managing our family chequebook register is somewhere between the two parental extremes cited above. My wife, Lois, and I record all transactions in our register and, like clockwork, I balance our account every month. What I don’t do is spend an unnecessary amount of time trying to find errors when our account doesn’t balance with the statement. If the error is within comfortable limits, I adjust the account balance and then get on with my life.

What’s a “comfortable limit?” That depends on the account balance. My error tolerance is directly proportional to how much money we have on hand when the error occurs. Balancing errors don’t happen very often. More often than not our chequebook balances to the penny. The accuracy can be attributed in some measure to the fact that I use personal finance management software.

The point is that personal finances do require some work, but, perfection may not be desirable. There are a lot of people involved in the processing of the various transactions each of us generates as part of our monetary lives. Those millions upon millions of transactions, large and small, are all subject to our own human error as well as the human errors that can be committed by all of those people behind the scenes who we rarely think about.

It behooves us, therefore, to keep tabs on the pulse of our personal finances as recorded in our chequebook and credit card accounts. This ongoing monitoring can be psychotic or a normal, healthy part of our lives. It’s up to each one of us to decide where we stand on this issue. Will we adopt a fringe behaviour like one of my parents? Or will we keep it sane and simple (K.I.S.S.)?

Using Tools Imposes Lifestyle Choices

Using a cash flow management tool forces you to make choices by imposing lifestyle traits that are required if the tool is going to work as intended. That may sound intimidating, but, for a well written, user friendly program, the required lifestyle traits are not an undue burden. For those of us who are sincerely interested in having “more money than month” instead of “more month than money,” developing a few, possibly new habits need not be a harsh adjustment. The payback in financial peace of mind is very well worth it.

Choices We Make Regardless

First, let’s take a look at those habits that will make your financial life easier regardless of whether or not you use personal finance software.

  • Keep your chequebook register accurate. Your checking account is probably your primary money management tool. It just makes common sense, in my opinion, to keep your chequebook register up-to-date and accurate. If you are not used to writing every transaction (e.g. checks, ATM transactions, deposits) in your chequebook register, or balancing your chequebook every month, these are habits you may want to look at developing immediately. Should you decide to use a money management program, an accurate chequebook is imperative.
  • Keep an accurate record of charge transactions. If you use charge cards, keeping an accurate record of your charges and returns is also vital to the success of your cash flow management efforts. In my opinion, not keeping track of charges is a main contributor to why many people get into trouble with charge card debt.

I think it is vitally important that, starting today, you keep the receipts from all of your charge transactions for no other reason than for reconciling your monthly credit card statement. If you are using appropriate personal finance software, charge transactions are entered into the program as soon as convenient. The program will, with accurate charging information, keep you informed of where you stand on your charge card debt.

Choices Imposed By Software

The following issues are specific to the successful use of many personal finance programs.

  • One checking account. How people manage their personal funds is very, well, personal. For a single person, the choices are simplified. Once a person takes on a partner, however, personal finances can become complicated depending on how much financial autonomy each partner requires.

Regardless of how many savings and checking accounts each single or partnered person may have, at least one checking account is normally required for use with the software. This one checking account, coupled with the program, is used to plan for and pay bills; plan and pay for planned purchases; and to smooth out weekly living expenses. The intent is for the program and it’s associated checking account to encapsulate a person’s entire month-to-month financial records.

  • Pay bills on a schedule. Instead of paying bills when you receive them or when you get paid, pay your bills on the same days each month. An appropriate schedule for most people would be on the 1st and 15th of each month. The mechanics of bill payment (e.g. check, cash, online, automatic withdrawal) are entirely up to you, but, sitting down twice a month and arranging for your bills to be paid on or before the date they are due will simplify and smooth the paying of your bills.
  • Pay yourself on a schedule. “Paying” yourself a fixed amount of spending money the same day each week regardless of when you receive your income will smooth out your day-to-day expenses. How much weekly spending money you give yourself is entirely up to you as is the weekday on which you “pay” yourself.

The trick is to find that amount of weekly spending money that is enough for day-to-day expenses, but not so much that you don’t leave yourself enough to pay bills. An appropriately written personal finance program will automatically include your personal “payday” in your month-to-month financial projection so you can easily see whether you have correctly set your weekly spending money amount.

  • Keep accurate records. An appropriately written personal finance program gives you a “forward looking” projection of your month-to-month cash flow. When using such a tool, keeping your cash flow projection current is the key to giving you a continual picture of where you are and where you’re headed. You will, therefore, have to be consistent with keeping your month-to-month financial records current.

With the right personal finance software, this does not have to be a big chore like keeping track of every penny you spend, or entering and categorising every check you write. In an appropriately written personal finance program, most of your record keeping will consist of entering bills when you receive them, entering charges as you incur them, paying yourself once a week, reconciling bank and charge account statements, and paying bills. Typically, all of this financial activity will take two to four hours per month.

Paperwork Flow

There are a couple of habits that Lois and I have developed that simplify tasks like the keeping of accurate records. When any piece of paper is received on which is recorded a financial transaction, that piece of paper is placed in our “In” basket.

While most of our financial transactions are handled electronically, there are still items like charge slips, magazine subscriptions and account statements that are printed. By placing all such printed items in one place, they get recorded in our computer records accurately and in a timely manner. It is unusual for one of our paper transactions to be forgotten.

Those pieces of paper that are needed for account reconciliation, like credit card receipts, are put into a “Hold” folder after having been recorded in our personal finance software. Those pieces of paper that are not needed after being recorded are shredded or burned. After reconciling credit card statements, all of the pieces of paper for transactions that have cleared are removed from the “Hold” folder and also destroyed.

It’s a simple system, but, it works for us. As long as everyone in a household knows the “paperwork flow,” and habitually uses that flow, the chances that transactions will be lost, resulting in potential financial errors, are greatly reduced.

Being Big Brother To Your Checking Account

Another habit that I have adopted is the close, online supervision of our checking account. I’m a big fan of online banking which gives me almost up to the minute information about the status of our checking account. As part of my computer startup procedure, I take a look at the activity in our checking account. This may sound a bit paranoid, but, I’ve been able to spot unexpected activity on several occasions.

There has been nothing traumatic like identity theft, but, by keeping a close eye on checking account activity I’ve caught unexpected withdrawals shortly after they happened instead of being surprised on the next account statement. The most recent example involved automatic credit card payments that I thought I had cancelled.

It took two months working with the credit card company’s customer service staff to straighten that one out. Had I not spotted the first unexpected payment when it happened, our checking account could have been short by $75.00 each of those two months. That may not be a large amount, but, it could have been enough to cause a potential, inconvenient problem if left undetected.

Financial Peace Of Mind

All of the discussed lifestyle habits are so firmly embedded in Lois and my everyday lives that we no longer even think about them. Consequently, our month-to-month finances are smooth with few interruptions. When we do have to discuss financial issues, it’s a discussion over known choices instead of fights over who is doing, or not doing what.

Money is not a source of discord in our lives like it can be for couples. Lois and I have been enjoying financial peace of mind for most of the 40+ years of our marriage. This financial bliss can be attributed directly to the unique cash flow techniques upon which our personal finance management software is based.

Looking for a Guaranteed Investment?

Return on Investment – better known as ROI – is a critical business indicator. Businesses live or die based on their ROI.

Business investors rightfully demand to know the projected ROI of every investment in order to decide whether to put their money on the table. At best, ROI is always an estimate of some sort – a projection, a poll, a pro forma. Whichever estimating method is used, the goal is to reduce risk and make sure each investment has a healthy ROI so as to keep the business profitable.

ROI is typically used to evaluate investments in technology, capital improvements, equipment and facilities. And yet, while businesses proudly tout their most valuable asset as ‘their people’, have you ever heard any of them brag about the tremendous ROI they received on their latest investment in their employees?!

Why don’t businesses invest in their people with the same zeal and financial scrutiny they use when in investing in a new piece of equipment? Here is some of the reasoning I have heard:

  • The people we train might leave the company.
  • We’re just too busy.
  • The time isn’t right.
  • We don’t have the money.
  • I’ve invested before and it didn’t pay off.

Let’s examine each reason (or excuse) a bit deeper:

  • They might leave the company. If you’re concerned employees will leave and take their valuable training with them, set up an agreement that they will stay for a set period of time after their training, and that if they do leave prior to that time period, they’ll pay back a prorated portion of the tuition. Alternately, know that you helped someone grow and that it was time for them to move on.
  • We’re just too busy. This is a tired excuse for not setting priorities, investing in the long-term success of the company, and ignoring the most powerful employee retention tools you have available. Money spent boosting your employees’ effectiveness will reduce busyness, increase productivity, and result in happier employees who stay longer with the company.
  • The time isn’t right. Frankly, the timing is never right!

There are always reasons why the timing isn’t right. It takes courage and a little risk to drive a stake in the ground, take action, and know that your people will deliver far more value than what you invest in their development.

  • We don’t have the money. Ah, my favourite!

If I asked you to give me $1,000 and I guaranteed you that in one year I would give you $4,000, would you give me the cash? You bet you would!

Every person I work with experiences this type of ROI for themselves and their company. In fact, if you can find me that type of investment, I’d go borrow the money and give you $10,000!

  • I’ve invested before and it didn’t pay off. Boy, are you right! Many training programs just don’t work.

There are lots of buyers who are stingy with the money and buy low quality training products. And lots of trainers who are out their peddling training programs that they know don’t work.

Find a credible provider with a people development process that delivers long-term results. Don’t take their word for it. Ask for verifiable data for the past five years to prove what they say is true.

Have I got that data? You better believe it!

The bottom line truth is that your people are your most valuable asset. If your business is to be successful, your most valuable asset must be as high performing as possible. Find a process that works and that delivers a high ROI, and go for it!

How to achieve a good work-life balance

Finding work-life balance in today’s fast-paced world is not a simple task. Spending more time at work than at home means you miss out on a rewarding personal life. Then again, if you’re facing challenges in your personal life, then concentrating on your job can be difficult. Whether the problem is too much or too little focus on work, when your work life and your personal life feel out of balance, it can result in stress.

How work invades your personal life.

There was a time when employees simply worked a nine to five job Monday to Friday, however, times have changed and the boundaries have blurred for many workers. The reasons for this is that people feel pressured to work longer hours to protect their jobs, also if you work for an international company you may have to be on call around the clock. We now all have the ability to work almost anywhere, from home or even whilst on holiday. If you have already experienced some of these challenges then you already know how easy it is for work to invade your personal life.

Working overtime.

Sometimes working overtime is important. It’s a choice you can make to adjust to a new job, or to pay the bills. If you work for a company that requires mandatory overtime, you won’t be able to avoid it, but you can certainly learn to manage it. If you decide to work overtime for financial reasons or to climb the career ladder, remember to do so in moderation. Learn to say no if you are too tired, or when its affecting your health or your home life.

It isn’t easy to juggle the demands of a career and personal life, in fact for most people it’s an ongoing challenge to reduce stress and maintain harmony in the key areas of their lives. Prioritise the tasks you need to accomplish, then do them in the order of importance. Be realistic in planning your schedule and focus on the things you know you can achieve. Develop ways to work more efficiently at home and at work. Consolidating or combining jobs may be more time effective. Most importantly try and look on the bright side of things, life, as they say, is too short.

Home Life.

Allow yourself some down time at home, even if it’s just an hour here and there, devote that hour to yourself. Do something relaxing like taking a bath or reading, have some fun with adult sex toys. Remember, if you’re too tired, you won’t be able to concentrate at work, by learning to relax you’ll cope better with the demands of maintaining a good work-life balance.

How To Invest and Not Lose Sleep

The recent events in the stock and bond markets drew everyone’s attention. No doubt you took a look at your investments and, perhaps, worried about one or two. Maybe, you made some changes to your portfolio. Let’s take a look at your experience and see if there are some lessons to be learned.

Did you lose sleep, literally or figuratively, over any of your investments? This is the gut check measure of risk tolerance, not quantifiable, but accurate nonetheless. Investing is not an emotional decision, it takes hard work and discipline, but if you worry too much about an investment, it isn’t right for you. One of the hardest parts of investing is keeping your emotions out of it (i.e., taking a loss or selling your “favorite” stock).

Emotion will only cause you to buy at the market highs and sell at the lows. But, did your gut tell you to sell anything during the recent market correction? Rule number one of gut check investing is: if you lose sleep over an investment, it’s probably too risky for you. How do you know? This brings me to the second rule of gut check investing.

When making a decision to buy or sell a stock, bond, or mutual fund, do your research. Is it a sound company or fund? Does it meet your investment objectives? How would you feel about this investment if the market were headed in the opposite direction? Write down your reasons, put then in a drawer (or store them on your hard drive) and pull them out when you’re thinking about selling.

The purpose of this exercise is to avoid being swept up in the euphoria of a bull market, and making too risky investments, or selling good investments, out of fear, during a market correction. Make your analytical decision, then ask yourself, factoring out the current market emotional climate, does it feel right? If you’re not comfortable, don’t buy the fund, or sell it, if you own it.
This is the gut check buy/sell decision making process. I want to emphasize the sequence. Do your analytical work first, then sit back and see how you feel about it. The gut check buy/sell decision is a one-way process — it can stop a buy, but it can’t stop a sell.

Sleep well. Sweat dreams.

10 Reasons Why People Don’t Want To Be Rich

You would think everyone would want to be rich, if they could be. After talking to quite a lot of people, I’ve found that there are a significant number who do not want to be rich. Why?

Here are my ten reasons why I think people are not interested in being rich.

  1. They are contented. This is probably the best reason to not want to be rich. They are happy where they are. They have enough for their needs and feel that they are living fulfilling lives. For these people, there truely is more to life than money. There was this story about how a very rich man retired to a village and watched a poor fisherman catching his meal for the day. He advised him to get a net, invest in a bigger boat, hire some people to help him to catch more fish, so that he could export the fish to people around the world, make lots of money, and be like him. Why would I want to do that ? The poor fisherman asked. Then when you are rich, you can retire to a little village and do nothing but fish all day, came the reply.
  2. They have a higher calling beyond the need to feel secure with money. There are those who are perfectly prepared to give up riches in order to accomplish a higher purpose.
  3. They actually like their jobs and find that it gives them meaning in life. I once came across an advertisement for a get-rich product that warned that this product was not for those who liked travelling to work and working long hours when they could be permanently on holiday. I assumed that obviously people would then select to buy the product ! But then I have found that many people actually like their jobs and have no idea what to do with themselves if they had so much money they were permanently on vacation !
  4. They are simply too busy either with their jobs or family to have time to think about how to get rich. They have enough on their plates just trying to find enough hours in a day to make ends meet and have no interest in taking away anymore of their meagre rest time.
  5. They are too lazy to take action. Most would rather they suddenly won the lottery tomorrow and expect it to solve their financial problems instead of taking the time and effort to learn more about how to manage their money wisely, so that they can be financially free.
  6. They are too cynical to believe that everyone can become rich, if they learnt how. They think the stock market will crash tomorrow if they buy today. They figure maybe an earthquake would flatten the investment property they just bought. They think businessmen are crooks. The list just goes on and on.
  7. They are afraid of losing. They are so paralysed with the fear of taking any potential risk, even though it is calculated, that they would not even consider parting with their money to allow it to work harder for them.
  8. They are too greedy. They get into the action when it is too late. They see how others have made a lot of money and greed sets in as they jump in. They always want that little bit more and never learn when to cut losses or take profits.
  9. They are simply ignorant. They have never been taught that anyone has the potential to be rich, that there are ways many ways (legal, if I may add) of getting rich. They just need to be educated.
  10. They are overly dependent. They would much rather their spouses, company or government takes over the job of their financial planning and look after them for the rest of their lives.

These are the ten reasons I have come across !

7 Tips for Business Goal Setting

Even with an established business, owners must constantly set goals in order to elevate their overall productivity and profit. As the end of the year nears and everyone is settling in for the freshness of the New Year, business owners will greatly benefit when they set goals for their company during this time. Below you will find seven suggestions on the type of goals a business may consider:

1) More Efficient Delegation

When a business owner learns how to efficiently delegate tasks, overall results are much better. This is especially true when a small business owner feels the need to take on much more than they have to. In the end, they become tired, frustrated, and stressed. It is also OK to let someone else take control over the tasks owners feel they “need” to accomplish, which is part of the beauty of being in charge.

2) Business Promotion

Many small businesses fall into the pitfall of neglecting aggressive advertising and marketing. Business promotion is key for bringing in new customers, which in turn increasing overall profits. Learning how to create efficient marketing plans is a great way to bring in the New Year.

3) Weekly Business Planning

In order to foster a prosperous business, instead of doing monthly and yearly assessments, try planning on a weekly basis. This will not only help business owners find better ways on boosting productivity, but also helps in brainstorming more effective ways on how to improve a company.

4) Expand Company Knowledge

When businesses are able to learn something new on a regular basis, they are more equipped to elevate the status of their company. Enhancing the skills of not only business executives, but also the entire staff will only translate into more desirable results in the long run. It is suggested to encourage employees to seek out self-improvement and personal development by attending seminars and taking e?courses. This simple motivation given by an employer helps to increase the overall productivity and creativity within an office.

5) Consider Business Networking

Sometimes, thinking outside of the box means seeking out new business associations and networking groups in order to cultivate new thoughts and ideas, as well as finding allies within the same industry. Many business owners are able to locate and make these types of contacts over the Internet.

6) Time Management

Calendars aren’t just pretty decorations for the wall ? they aid employees and business owners in keeping track of the day-to-day, weekly, and monthly assignments that boost a company and makes business ventures a success. Today, there are many different tools and resources that allow a person to keep on task, including palm pilots and advanced cell phone features.

7) Setting Realistic Goals

When setting goals for business, it is important to keep expectations realistic, which is the best way to reach success instead of suffering a stressful journey towards achievement. The goals set for the next year should be attainable, which aids in creating the best environment for accomplishing objectives. For example, if your company made $75,000 in its first year, it is probably unrealistic to shoot for exceeding the $1 million mark for the next.

How To Build A Mutual Fund Portfolio

Mutual funds are extremely popular. There must be a reason, right? But, like any other form of investment, mutual fund investing requires some information and resources.

Easy access to investing information and the availability of online trading has made life easier for do-it-yourself investors. The Internet has brought the “trading” desk to millions of households and it is now possible to buy and sell shares, options, warrants, interest rate securities and managed funds from your own home.

All you need is a computer and an internet connection. In addition, you can do your own research on a particular company or fund manager as well as finding out what some stock brokers are recommending to their clients.

Much of this information is free or available at a reasonable cost and you can save yourself hundreds, or even thousands of dollars in fees and commissions every year via the internet. Rather than go through a full service stockbroker or investment advisor, why not give it a try?

When building your own stock or mutual fund portfolio, here are some pitfalls you need to avoid!

While you can find a plethora of good information on mutual funds and stocks, you can also find very poor information. Each website claims to have the latest hot picks or the “top ten” stock buys and often they contradict each other. Who do you believe and what about the scams?

You will undoubtedly come across websites and chat rooms that give investment advice or tips about investments, but many of these are not qualified to do so. The information may be wrong or misleading and some websites even repeat incorrect rumours.

There is overwhelming evidence that you will not become rich by listening to the advice of others. As an investor you need raw information, not recommendations. You would not buy a car just by looking at it…nor should you buy a company’s stock or a certain mutual fund without doing significant research. There is no point trying to take control of your finances if you are going to rely solely on a “tip” from a newspaper or a broker or an internet chat room. It is true that someone may know more about a particular company or stock than you, but they could easily be wrong – so do your own homework!

You need to be certain that you have sound reasons for investing in a particular company or mutual fund. Do they have an instantly recognisable name? Do you understand what they do? Do the products or services of the company stand a good chance of being in high demand in a 10, 20 or 30 year time frame? Does it have a management team that moves with the times and is innovative, yet keeps a firm grip on the company’s finances? Most of this information is available in a company’s Annual Report, but make sure that you read it with a degree of skepticism…most reports are written to promote the company.

Keep in-mind that the historical and present prices of a stock or mutual fund may hold some clues to the future price. In practice, most analysts use fundamental analysis for short and long term buy/sell decisions and use technical analysis to confirm the decision.

Internet websites are a great place to collect information about companies. Naturally, a company owned website will attempt to portray the company in the most sympathetic light. Depending on how serious you want to be about investing, it is advisable to either visit or subscribe to investment research websites. Research websites are valuable tools for any investor and provide company reviews, give general investing information, market updates, stock pickers, stock ratings, watch-lists, portfolio managers, charts, share indexes, newsletters, alerts and model portfolios.

So, how can you structure a stock portfolio to maximise your wealth, ensure your peace of mind, give you total control of your investments, be easy to manage and give satisfaction?

Here is a recommended strategy that has worked well for many do-it-yourself investors:

  1. Subscribe to a well respected investment research website dedicated to analysing financial information for investors. They are independent from companies they list, do not receive commissions or brokerage and rely solely on investor subscriptions for income. They have to give their subscribers quality information to maintain subscriber confidence.
  2. Look for the model portfolios they have developed and study the methodology they have used to create and maintain each portfolio.
  3. Read the research reports supplied for each stock and study the graphs supplied for price movements and trading volumes. Get a good feel for both the long term and the short term trends of the stock.
  4. Test each portfolio within a designated test period i.e., one month, one quarter, one year etc. Depending on the website, you can set up each of the model portfolios in a free portfolio manager provided on the website with unlimited stocks. Set a starting date for a test period where you “buy” stocks listed in the model portfolio at the closing price for that day. Make sure you include brokerage as it is part of the cost base for the stock. The website should either maintain up-to-date or 20 minute delayed stock prices, so a running balance can be maintained for the profit/loss for each stock over the designated period.
  5. Compare each portfolio’s published results with the results that you have achieved in the portfolio manager. They should agree with each other when the same stocks are compared over the same time period. Your testing should develop a level of confidence in the model portfolio.
  6. Determine the best model portfolio for you to use. You can do this using the last the last three months of stock price history or perform a trial evaluation for the next three months of future prices. You can use one of the existing model portfolios or create your own from the stocks selected.
  7. Subscribe to an online share broker website and begin trading.
  8. Monitor stocks daily and review the performance of your actual portfolio against the model quarterly.

You should take care to evaluate the methodology used by the research website to develop the model portfolios. These portfolios are designed by research firms to provide sensible medium-term portfolios that make it easy for investors and financial planners to replicate. You need to understand the research methodology and develop a level of confidence in it rather than just blindly accepting the published results of each portfolio. You do not need to become an expert in methodologies.

Building a share portfolio that meets your investment objectives will substantially build your wealth over a period of time. You can also save money in commissions and fees, have peace of mind, total control over your investment and gain a real sense of satisfaction.

Finally, be careful with your mutual fund investments. No fund will make guarantees so good research and a steady hand are critical. Good luck comes to those that are prepared.

Inside the Self-Made Millionaire Mind

There is a certain pattern that self-made millionaires exhibited that others don’t have that gives them an unfair advantage over others. Some self-made millionaires are not even aware of this pattern which is deeply ingrained in them. This pattern separates the successful from the unsuccessful. I coined it as ‘The Pattern Of Self-Made Millionaires’.

What is ‘The Pattern Of Self-Made Millionaire’? Let’s find out more….

Set Up A Goal

Self-made Millionaires know what they want in life. This is important.If you do not even know what you want in life, you will not take the necessary action to pursue it even if you have the full capacity and resources to achieve what you want.

And the goal must be specific. Goal like I want to be rich or I want to be healthy are not specific and thus it is not measurable.

It is important that you set a benchmark for your goal that can be measured by numbers.For example, I want to make my 1st million dollars on 5th October 2010. This way, you will have a clear vision for planning the strategy that is needed to achieve what you want.

Motivated And Focus

Once self-made millionaires have set their goal, they put all their energy and resources to realize their goal. They are motivated and focus.Let face it. What is the differentiation factor between a successful and a non successful person when everything is equal?

The successful person knows how to divert their emotion to drive them to make their goal come true. In life, we did the thing we do base on the emotion inside us.

If we are able to maturely channel the emotion inside us to motivation for achieving our goals, then we will be successful too. For example, when you wake up and you do not feel like getting out of bed to work on your goal, that is your emotion controlling you. If you are able to control that emotion and pull yourself out of bed, get yourself motivated to achieve more of what you have set up to do for the day, then you will probably achieve more than the average Joe on the street.Getting motivated is not enough.

You need to stay focus and put in all your talents and energy to fulfill the tasks that is required from you to make that goal come true.


Not all the time, your journey to achieving your financial goal is smooth sailing. You will encounter problem and difficulties. Self-made Millionaires have the tenancy to keep trying and trying until they realized their goal.Let put it this way.

If you have set a goal to achieve a certain level of financial success, you need to put in consistent effort to make that happen. Along the way, you may get hit by problems and obstacles. Successful people see them as challenges and work harder to overcome the problems and make thing happen. Worst still, imagine when a person give up on the goals when face with problem after overcoming many problems, not knowing that this is the last problem to their final success.

To accomplish something in life, you need to be persistent in working toward the goals that you have setup earlier.

To end it, I would like to emphasize the importance of persistency in achieving anything in life with a quote from Michael Jordan, probably the greatest basketball player on planet earth.

“I’ve missed more than 9,000 shots in my career. I’ve lost almost 300 games. Twenty-six times I’ve been trusted to take the game-winning shot… and missed. I have failed over and over and over again in my life. And that is why I succeed.”

Set your financial goal, be as specific as possible. Get motivated and stay focus in achieving your goal. Be persistent and do not give up when things are not working in your favor.

You shall not be denied of your dream for making your goal come true!


The Secret To Countless Fortune

Mention has been made of the money making secret which has made fortunes for more than a million exceedingly wealthy men and women who have applied these principles. Millions more have followed, to more modest accomplishments.

The secret works as well today as it did in the past, for the simple reason it deals with universal principles. I have not invented anything, or come up with a new idea or technique, just found and codified for you what works in acquiring wealth.

The secret was brought to my attention by Andrew Carnegie, in a 1908 interview I did of him. The canny, lovable old Scotsman carelessly tossed it into my mind, when I was a big pup. Then he sat back in his chair, with a merry twinkle in his eyes, and watched carefully to see if I had brains enough to understand the full significance of what he had said to me.

When he saw that I had grasped the idea, he asked if I would be willing to spend twenty years or more preparing myself to take it to the world, to men and women who, without the secret, might go through life as failures. I said I would, and with Mr. Carnegies cooperation, I have kept my promise.

Little did I dream at that time, the actual project would extend over two separate incarnations and more than 100 years. It took me on a quest like looking for the Holy Grail. I worked and wrote with the fever. And it is still going strong.

That is the magic in a single powerful impulse of thought. It is a seed that can sprout and grow fortunes forever.

Learning what people have previously done to achieve success is what gets passed along to each future generation. That is why the success keeps growing and finding new ways to help society as a whole.Insurance, investment, executive, sales, MLM, and personal achievement organisations of every size and scope have learned from the past experience of others.

These principles have touched millions and are still finding millions of people who want and desire success. Successful application of the lessons learned has launched a million millionaires.

There is a secret to be revealed. It has been put to a practical test by millions of people, in almost every walk of life.

In the present day, the advise and knowledge found in the original lessons learned still applies.

I can attest to the power of learning what others have done to succeed because of an experience I had myself. In August of 2006 I had an experience that was to forever change my life.I did not expect to have a heart attack at the age of 52, but as if by design ,my body had been telling me that there was a problem.

Like many people I was not in tune with my own internal vibration and if I had been paying attention to myself , the signs were there to see and feel.

Since studying the success of others I have learned to be more perceptive, patient and understanding. I also have the ability to do what is best for me while still helping others. My way of thinking has been altered and I am clear minded when I need to make decisions that will impact my life.

We all have moments when we do not do the best things for ourselves, however, I feel that I have gained many opportunities in my personal and professional life that I would not have recognised had I not found out how to use my inner power.

Learning what other people have done to succeed in their lives has given me a guide to follow and take information from. Not only did I learn about finance, I also found a way of living my life as a productive member of a community.

The lessons I have learned stay with me and I can pass them on to others. Passing on information is the chain that links us together ,causing us all to find peace and freedom.

You will not regret your decision to act on your burning desires when you open yourself up to the idea of change.

Taking the Personal Out of Discipline!

I don’t like the word discipline. I’ll tell you why in a few moments.

Discipline denotes that some behaviour or action is unacceptable either in the work place or in your life. Left unchecked, the unacceptable behaviour or action can escalate and cause very serious damage to relationships. Ignoring the disruption only makes the situation worse.

Many people will make a quick judgment and confront the person with what they believe are problem causing behaviours or actions. The receiver of this judgment or challenge will often become defensive and attempt to use unaccountable responses to what seems to be a personal attack.

There are two flaws in this scenario.

The first flaw is that what is perceived by the judger may not be the entire story and so premature judgment can be absolutely wrong. The second flaw is that the judgment may seem to be made according to the judger ‘s personal values and standards. When this is perceived, the interaction becomes a personal judgment that can become threatening.

Perception Flaw:

A person can never perceive a situation and be 100% sure that they know what is going on. Our sense limitations, unique world view, and past experiences all cloud and mask the truth about everything we view. It is therefore essential that a person take the time to gather more information from other reliable sources to create a more complete understanding of the situation.

The best source is the person engaging in the undesirable behaviour. Use an “I” message and describe the behaviour, state the value or standard you believe it violates, and simply say: “Tell me about it.” Then listen to gain a more complete understanding of what is going on.

Personal Standard Flaw:

The worst thing you can do is use your un-communicated and therefore unknown personal standards, expectations, or values to place judgment and blame on another person. It will often be perceived as a personal attack and cause undesirable responses.

In the work place, use the written company values statement as the standard. Compare the behaviour to the company values and see if it violates one or more of those values. It will nearly always violate several values.

Now the judgment and request for corrective action is derived from the company values and not unknown personal standards or expectations. If your company doesn’t have written values, then take the time to draft a value statement.

In your personal life, know your values, write them down, and communicate them to those people in your life who may be subject to your judgments.

With an accurate perception of the unwanted situation and comparing it to pre-established written values, expectations, and standards, corrective actions can be more effectively established and communicated without adverse and damaging reactions.

Why don’t I like the word discipline? With pre-established written and effectively communicated values, expectations, and standards, people will be very aware of whether they are in compliance. When some behaviour or action appears to be out of compliance, then our job becomes one of making the perpetrator aware of the discrepancy, encouraging them to become compliant, and possibly engaging in training to develop the new desired behaviour.

The operative word here is TRAINING. Non-compliance should have clear written pre-established consequences. Not working or living in compliance in a repetitive manner then has a more serious consequence such as leaving the company or in personal life not being able to drive the family car for a month.

Evaluate your own technique of calling attention to unwanted behaviours and actions at work and in your personal life. Where do you need to improve your process? Take the actions necessary to become more effective at administering discipline or better said training to meet values, expectations, and standards.