Monthly Archives: April 2013
“We will receive not what we idly wish for but what we justly earn. Our rewards will always be in exact proportion to our service.” -Earl Nightingale
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Are you thinking BIG this morning? Are you stretching yourself? Are you growing? The answer should be a resounding YES!! Remember, knowledge is power only when combined with ACTION.
Make Your Attitude Your Allies. To grow, grow the attitude of “Service First.” It is perfectly natural, desirable and necessary to make money in our capitalistic society. Love makes the world go around but MONEY pays for the trip. The person saying money is not important, according to T. Harv Eker, “Is BROKE.”
People who decide on a life of poverty or living check to check are like the youngster who feels he can’t make A’s in school or make the football team, so he pretends he doesn’t want to make A’s or play football.
Every wealthy person knows the importance of money. It’s money that builds churches, hospitals and schools. It’s money that pays the mortgage or rent, puts food on the table and makes a vacation memorable or miserable.
Once you realize money in itself is not evil but a great ally for doing good, you have to know not only how to get it but how to get more of it. Adopt a “Service First Attitude” to reap a bountiful harvest of money. Most people have a “Money First Attitude.” Their focus is solely on making money. We can’t lose sight that money is only harvested where seed was first planted. And the seed of money is SERVICE.
If you goal to grow your business is just engaging more people so you can make some money, you have the wrong focus and you will not have much success. You have to be willing to serve your prospects to add to their vision which will increase their performance and provide a “money crop” beyond belief.
Most of us have only seen money come from our own efforts. The magic of “Service First” is that the seed of service we plant today will grow exponentially into a harvest that’s a thousand times more than our individual personal efforts.
Don’t get preoccupied with why you need more money. Become preoccupied with better ways to serve and the money will come. The waitress who concentrates on giving the best possible service need not worry about tips; they’ll come. But her counterpart who overlooks the empty cups because the customer “doesn’t look like a good tipper” won’t find many rewards at the end of the day.
Don’t “prejudge” the people you meet based on what you “think” they can provide for you. Have an attitude of “Service First” and let the chips fall where they may.
Finally, here’s a simple yet powerful rule that will help you to develop the “Service First Attitude”: Always give people more than they expect to get. Every little extra thing you do for others is a money seed. Find new, creative, inventive ways to reach out and help.
Spend some time today day answering this question: “How can I give more than is expected of me?”
And so life goes…on and on
“The vision must be followed by the venture. It is not enough to stare up the steps – we must step up the stairs.” –Vance Havner
What you do today matters. Your actions will work for you or against you over time. What you do for your business, for your health, for your spiritual well-being, for your relationships can be compounded over time to create you in the future as well as affect others you may not even know today. What could happen if you decided to just take small steps towards improving?
How about just three-tenths of one percent a day?
Over the course of the year you will have improved 100%.
100% better health.
100% better relationship.
100% better body.
100% better attitude.
100% better communication skills.
100% better leadership skills.
Still not enough? Simply add a little more daily. Some of you have the discipline to set more demanding daily goals – whatever you set, make sure you can meet your goal day after day. Once you make continual progress, you will take these actions your habits and that’s when the really fun stuff starts to happen.
“Every day, in every moment, you get to exercise choices that will determine whether or not you will become a great person, living a great life… Greatness is always in the moment of the decision.” Greatness is in your control. Greatness comes from your ability to do the simple things, consistently over time. But you have to start.
Harvey MacKay once said, “Time is free, but it’s priceless. You can’t own it, but you can use it. You can’t keep it, but you can spend it. Once you’ve lost it you can never get it back.”
I think we all have a basic understanding of time but what is the secret of time.
The secret to Change is Time. The secret to success is time. Time will either promote you or expose you. Knowing” the secret of time keeps me meeting my objectives, going past my targets, and putting in place all the marketing my business needs to move forward despite the ups and downs, the landmines and the pitfalls. Knowing that if I stay on this road long enough, I’ll get the results I seek. When you “know”, feelings –emotions –mood and disappointing people have no affect on your progress. It’s like flipping a switch. When you walk into a dark room you simply flip the switch to get light because you “know” the result you’ll get when you flip the switch –light. You don’t have to know how electricity works; you just flip the switch.
One deterrent to success we all struggle with is the “Instant Life.” This is the instant gratification society we live in. We’ve talked about this time and time again. The 95% want it now. The 5% understand and apply the natural progression of –Plant, Cultivate, then Harvest, the natural progression of nature that takes time. This instant gratification mindset is perpetuated by television and movies. We are conditioned for drama and immediate feedback.
Ultimately, the choice is yours. At any time you can make the choice to change your situation but you have to have faith in the process because you won’t see your desired results happening at first.
Just remember once sentence leads to one paragraph which leads to one page which leads to one chapter and before long, you will have written the book you had waiting inside. It’s just that way with everything – one step at a time. Best of all, it doesn’t have to be perfect right as the words hit the paper. You have the chance to add, edit, and delete.
You have time on your side, working for you instead of against you.
Live in the now. Love every moment while you are in the process.
“It’s easy to do. And it’s easy not to do. And if you don’t do it, it won’t kill you. But that simple error in judgment, compounded over time, will kill your chances for success.”
Embrace this wisdom.
And so life goes…on and on.
I have been receiving so many comments about my recent blogs on finances. I was surprised this topic would be of such an interest since I primarily write on relationships. However, maybe this is a cornerstone relationship; our relationship with money.
As a mother, as well as a business executive, I am concerned by the lack of financial education our children receive in school. Many of today’s youth have credit cards before they leave high school, yet they have never had a course in money management or how to invest money, let alone understand how compound interest works on credit cards.
The world has changed, but education has not changed with it. Children spend years in an antiquated educational system, studying subjects they will never use, preparing for a world that no longer exists.
It is foolish to assume the education the school system provides will prepare your children for the world they will face upon graduation. Each child needs more education. Different education. And they need to know the rules. The different set of rules – the rules to create financial independence.
I don’t care how many computers they put in the classroom or how much money schools spend. How can the education system teach a subject that it does not know?
I can’t afford it.
How can I afford it?
One is a statement; one is a question. One lets you off the hook, and the other forces you to think. When you say, “I can’t afford it”, your brain stops working. When you ask, “How can I afford it?” your brain is put to work. Be fanatical about exercising your mind, the most powerful computer in the world.
Proper physical exercise increases your chances for health, and proper mental exercise increases your chance for wealth. Laziness decreases both health and wealth.
People really do shape their lives through their thoughts. I don’t work for money. Money works for me!
Opportunities come and go. Being able to know when to make quick decisions is an important skill.
Deep down you may be terrified of taking risks. You really wanted to win, but the fear of losing was greater than the excitement of winning.
True learning takes energy, passion, a burning desire. Anger is a big part of that formula, for passion is anger and love combined.
The word ‘emotion’ stands for energy in motion.
Be the master of the power of money. Don’t be afraid of it. And they don’t teach that in school. If you don’t learn it, you become a slave to money.
Retirement does not mean not working. It means that barring unforeseen cataclysmic changes, we can work or not work, and our wealth grows automatically, staying way ahead of inflation. It means freedom. The assets are large enough to grow by themselves. It’s like planting a tree. You water it for years and then one day it doesn’t need you anymore. Its roots have gone down deep enough. Then, the tree provides shade for your enjoyment.
Your greatest wealth is your financial education. If you are prepared to be flexible, keep an open mind and learn, you will grown richer and richer through the changes. Intelligence solves problems and produces money. Money without financial intelligence is money soon gone. If you want to be rich, you need to be financially literate. Seek to master financial literacy.
Rich people acquire assets. The poor and middle class acquire liabilities, but they think they are assets. Assets put money in your pocket. A liability is something that takes money out of your pockets. Spend your life buying assets.
Keep your asset column strong. Once a dollar goes into it, never let it come out. Once a dollar goes into your asset column, it becomes your employee. The best thing about money is that it works 24 hours a day and can work for generations. Keep your daytime job, be a great hard-working employee or a solid, responsible business owner, but keep building your asset column.
Financial aptitude is what you do with the money once you make it, how to keep people from taking it from you, how long you keep it, and how hard that money works for you. A person can be highly educated, professionally successful and financially illiterate. These people often work harder than they need to because they learned how to work hard, but not how to have their money work for them.
Many great financial problems are caused by going along with the crowd and trying to keep up with the Joneses. Occasionally, we all need to look in the mirror and be true to our inner wisdom rather than our fears.
I hate the word “can’t”. If you want me to do something, just say, “I don’t think you can do it.” Get out of my way…it will get done.
Schools are designed to produce good employees instead of employers.
When it comes to money, high emotions tend to lower financial intelligence. Money has a way of making every decision an emotional one.
When I want a bigger house, I first buy assets that will generate the cash flow to pay for the house. The rich get richer because their asset column generates more than enough income to cover expenses, with the balance invested in the asset column. The asset column continues to grow and, therefore, the income it produces grows with it.
The rich buy assets.
The poor only have expenses.
The middle class buys liabilities they think are assets.
Rich people buy luxuries last, while poor and middle class tend to buy luxuries first. The income generated from the asset column pays for the luxuries the rich buy.
McDonald’s today is the largest single owner of real estate in the world, owning some of the most valuable intersections and street corners in American, as well as in other parts of the world.
Ray Kroc’s profession was selling hamburger franchises, but his business was the accumulation of income-producing real estate.
Don’t forget to mind Your Own Business. Too many people spend their lives minding someone else’s business and making that person rich. Start minding your own business. Keep your daytime job, but start buying real assets, not liabilities or personal effects that have nor real value once you get them home. A new car loses nearly 25% of the price you pay for it the moment you drive it off the lot. It is not a true asset, it continues to cost you to keep and use it.
Keep your expenses low, reduce your liabilities and diligently build a base of solid assets. For young people who have not yet left home, it is important for parents to teach them the difference between an asset and a liability. Get them to start building a solid asset column before they leave home, get married, buy a house, have kids and get stuck in a risky financial position, clinging to a job and buying everything on credit. I see so many young couples who get married and trap themselves into a lifestyle that will not let them get out of debt for most of their working years.
A real asset business is one that does not require my presence. I own them, but they are managed or run by other people. If I have to work there, it’s not a business; it becomes my job.