April 20, 2010
The rich invest their money and spend what is left;
The poor spend their money and invest what is left.
Good investment habits are right up their with good eating habits, good business habits and good exercise habits. Knowing that you have it reduces stress and can ease the day to day grind.
Many who read this blog are thinking, "THAT'S BS!!, If you don't have money, you can't invest any money!". But it's all a matter of perspective.
I like to think of it as percentages. If you invest 1% of your income (before spending any of it), every 100 paychecks, you have one spent. If you only make $1,000 a month, that's only $10 that you have to put away. If you can invest a little bit more, say %5, then every 20 paychecks you have one month stashed away. It may not seem like much, but it will add up.
Save your change, save rebates, use coupons and save the difference. Just like any other improvement on yourself, work on it, practice and you will get better at it each time.
Have a Blessed Day,
April 19, 2010
You see, it's not the amount that counts; it's the plan that counts. It's not how much you allocate but how you allocate it.
I have to say that of all the plans I have had to get more money, I had never really had a plan to build wealth. Nest eggs, college funds, retirement plans and rainy day funds I have, but never really put much though into a wealth plan. It is now on my 'To-Do' list.
Just in case you are wondering what the difference between having lots of money and having wealth is, here's a quick explanation. Money is simply the cash that you have coming in or stashed. You can have a ton of money and have no wealth (I know a person who has an income of over 2.7 million dollars a year and their net worth is -1.2 million, oi!), the money just goes as fast as it comes in. To have wealth you must have significant assets (cash reserves, property, investments, etc) over any debt you may have (also know someone who only made 37k a year, but has a net worth of approx. 800 thousand). So it's not how much you make, it's how it gets spent.
Ever know someone who is very successful, without having to spend 100 hours a week on work? Those people have a plan. If you know how to work smart and efficiently, then you get way more done in less time. It takes a plan. You must think out what you are doing for today, this week, this month and this year. You must see how actions you do during that 1 year plan affect your 5 year plan. What's that? You don't have a 5 year plan? Well then it is really time to sit down and think about what you want your life to look like in 5 years. Build a plan.
Life can either be what happens to you, or it can be what you make happen. Some people are happy with letting life happen to them, or they are just not unhappy enough to do something about it. It's their choice, and no one can change it but themselves. But if you are a person who wants to make life happen, you must have a plan. Without plans, who knows what you're going to end up with?
Have a Blessed Day,
April 16, 2010
Oh, how this makes me laugh at myself. I always think, well if I miss a work out today, I'll just double up tomorrow. Then when the week ends, I wonder why I don't get the results I wanted.
If you missed brushing your teeth one morning, would doing it twice that evening make it all better? Not really. We must, must set our priorities for the day and follow through on them. There are many things that have to be done every day, telling your family that you love them, getting physical activities, eating your veggies, etc. If you are lacking in one of the areas that you want to improve, find something small to do every day to work towards that goal. You'll find that if you stick to it, it just comes naturally after a while.
And just think of having to eat 7 apples in one sitting, talk about a chore!
Have a Blessed Day,
April 15, 2010
This week I have been teaching my son how to fry an egg. There is quite a bit of skill that goes into frying the perfect egg: cracking, opening, distance of release from pan, temperature of the pan, proper grease, seasoning, timing of the flip, the flip itself and then completion. All these things most of us do without thinking to create a successful breakfast of fried eggs. He is learning, going through all the steps, sometimes missing a step and not getting the results that he wants, but he will try again tomorrow. There has been tears, and frustration, and dissapointment, and a little bit of anger. But he keeps doing those same steps over and over again, and that is all any of us can do.
There are definite activities that we must do to reach success in our chosen area. Sometimes we know all the steps, sometimes we have to research them. If my son gives up today, then tomorrow, next week and next year, there will be no fried eggs for breakfast. If you give up on the basic steps you need to be successful, there will be no success. But, if you apply those steps every day, every week, month after month, success will come. Maybe not today, maybe not tomorrow, but some day and for the rest of your life.
Have a Blessed Day,
April 14, 2010
"There are always a half-dozen things that make 80 percent of the difference. A half-dozen things.
"Whether we are working to improve our health, wealth, personal achievement or professional enterprise, the difference between triumphant success or bitter failure lies the degree of our commitment to seek out, study, and apply those half-dozen things."
In an article I once read, it stated that the average number of things most people can remember is 7 things. I disagreed, there are 7 sins and 7 dwarfs, I can never remember all of them. Usually I remember 6. So a half-dozen things are easy to remember.
Thinking on this concept I tried to apply it to many aspects of life, it turned out to be so very true. Having read lots of self-help, inspirational and instructional books; they all say the same things from different angles. Could it be because there are really only 6 things we need to work on to improve our lives? Let's take a look:
- Exercise at least 20 min, 4 times a week
- Eat whole grains
- Eat fresh fruits and vegetables
- Avoid Fat
- Eat Lean Meats (may fall under #4)
- Watch Your Portions
That's about it. Easier listed then applied, but those 6 things can create a world of difference.
- Do what you say you're going to do.
- Keep in contact with friends.
- Spend time with your family.
- Read something inspiring every day.
- Do something good for someone else at least once a week.
- Be abundant with gratitude.
Hmm... There seems to be a pattern here.
- Write it down! (goals, daily planner, business plan and marketing plan)
- Keep a good contact list.
- Follow up with customers and potential customers.
- Try to meet at least 5 new people every week.
- Do something every day to advance your business.
- Know when to get help.
- Save then spend.
- Know your wants vs. needs.
- If you can't pay cash for it, you don't need it.
- Planning leads to success.
- The best things in life are truly free.
- Know when to get help. (one of my personal mantras)
I'm pretty sure I can go on all day with my lists of 6, but that would be dull. There is a pretty easy way to make your own list of 6.
First write down what you want to accomplish (weight, happiness, savings), then think about what has to be done to get there (lose weight, have friends, better spending habits), write out as many of those things that have to be done as you possibly can. Then go over your list and find those 6 things that everything on your list has in common. Keep that list posted on your bathroom mirror so you read it every day. That way you know what to concentrate on!
Have a Blessed Day,