Friday, 31 March 2017
Quote for the day
"We may run, walk, stumble, drive, or fly, but let us never lose sight of the reason for the journey or miss a chance to see a rainbow on the way." - Gloria Gaither
Thursday, 30 March 2017
Quote for the day
"Most human beings have an almost infinite capacity for taking things for granted." - Aldous Huxley
Wednesday, 29 March 2017
Quote for the day
"Risk more than others think is safe. Care more than others think is wise. Dream more than others think is practical. Expect more than others think is possible." - Claude Bissell
Tuesday, 28 March 2017
Quote for the day
"There are essentially two things that will make you wise -- the books you read and the people you meet." - Jack Canfield
Monday, 27 March 2017
Quote for the day
"Don't dwell on what went wrong. Instead, focus on what to do next. Spend your energies on moving forward toward finding the answer." - Denis Waitley
Sunday, 26 March 2017
20 Brutal Truths People Don't Want to Admit About Themselves
Every like, share, and comment is a short-lived ego boost.
1. You chase success because without money or degrees your deep-seated fear of being a failure is confirmed.
Who would you be without your accomplishments?
3. You desperately want approval from others and you're willing to sacrifice aspects of your true self to receive it.
Life is a series of games--make sure you find the one that's worth playing.
6. You get angry at aspects and traits of others that you identify with.
Next time you get really angry at someone, contemplate what makes you angry, and then think about how you yourself may have done something similar in the past.
7. You avoid dealing with your emotional issues despite knowing that they cause problems for everyone.
It's time to start taking your emotional wellbeing seriously.
8. You're terrified of being seen for who you really are so you wear a masquerade that helps you feel more accepted.
Showing others what they want to see isn't authenticity, it's fear or manipulation.
10. You pressure yourself to be perfect or care for others because that was the only way you could receive love as a child.
Go to the root, address the issue, and practice healthier ways of being in the world.
11. You chase happiness by purchasing materials because you're convinced that, at your root, you are not enough.
All of your excessive material wealth serves the social ego and protects your wounded inner child.
15. You won't practice the advice you give others because you'd rather fit in than practice what you preach and stand out.
Stop allowing social conformity and peer pressure to weaken your word and destroy your integrity.
By Matthew Jones
Most people live with discomfort because they're afraid of the unknown. They would much rather suffer from the devil they know than venture into uncharted territory.
What most people fail to understand is that one of the most beautiful things in life is the uncertainty that each day brings.
Today, it's time to be courageous and wear your heart on your sleeve. The more that you can acknowledge your shortcomings, the greater your foundation for achieving your full potential and living a more fulfilling life.
Here are brutal 20 truths that no one wants to admit about themselves:
Most people live with discomfort because they're afraid of the unknown. They would much rather suffer from the devil they know than venture into uncharted territory.
What most people fail to understand is that one of the most beautiful things in life is the uncertainty that each day brings.
Today, it's time to be courageous and wear your heart on your sleeve. The more that you can acknowledge your shortcomings, the greater your foundation for achieving your full potential and living a more fulfilling life.
Here are brutal 20 truths that no one wants to admit about themselves:
1. You chase success because without money or degrees your deep-seated fear of being a failure is confirmed.
Who would you be without your accomplishments?
2. You care more about what other people think than about what you think--and it's destroying your confidence.
When your focus is external, you lose internal strength.
When your focus is external, you lose internal strength.
3. You desperately want approval from others and you're willing to sacrifice aspects of your true self to receive it.
Life is a series of games--make sure you find the one that's worth playing.
4. You're petrified of the sense of emptiness inside yourself, so you fill your life with distractions to keep yourself occupied.
Watching TV, online shopping, and perusing social media can all be used as convenient escapes that prevent you from engaging in deep self-reflection.
Watching TV, online shopping, and perusing social media can all be used as convenient escapes that prevent you from engaging in deep self-reflection.
5. You blame other people for your problems so that you can feel better about your own shortcomings.
Displacement and projection help you decrease self-accountability.
Displacement and projection help you decrease self-accountability.
6. You get angry at aspects and traits of others that you identify with.
Next time you get really angry at someone, contemplate what makes you angry, and then think about how you yourself may have done something similar in the past.
7. You avoid dealing with your emotional issues despite knowing that they cause problems for everyone.
It's time to start taking your emotional wellbeing seriously.
8. You're terrified of being seen for who you really are so you wear a masquerade that helps you feel more accepted.
Showing others what they want to see isn't authenticity, it's fear or manipulation.
9. You enhance your image on social media to mask your feelings of inadequacy.
Every like, comment, and share is a short-lived ego boost.
Every like, comment, and share is a short-lived ego boost.
10. You pressure yourself to be perfect or care for others because that was the only way you could receive love as a child.
Go to the root, address the issue, and practice healthier ways of being in the world.
11. You chase happiness by purchasing materials because you're convinced that, at your root, you are not enough.
All of your excessive material wealth serves the social ego and protects your wounded inner child.
12. You allow your inner critic to ridicule yourself because it's the only way you know how to create motivation.
Hurtful motivation seems better than no motivation--but it actually lowers your ceiling and harms your wellbeing.
Hurtful motivation seems better than no motivation--but it actually lowers your ceiling and harms your wellbeing.
13. You create problems to solve because it's the only way you know how to be in the world.
An occupied mind is safe from the inner tyranny of expectations and disappointments.
An occupied mind is safe from the inner tyranny of expectations and disappointments.
14. You stick with what's known and suffer instead of trying something new because you're terrified of uncertainty.
We construct the very prison in which we live.
We construct the very prison in which we live.
15. You won't practice the advice you give others because you'd rather fit in than practice what you preach and stand out.
Stop allowing social conformity and peer pressure to weaken your word and destroy your integrity.
16. You don't want to engage in therapy because you'd be forced to admit that you're not okay and everything isn't in your control.
The illusion of control is the life jacket you grip while stranded in the middle of the ocean.
17. You fake smile at others when you don't want to because you know that your feelings aren't important to other people.
When looking the part is more important than acknowledging your feelings, you're nothing more than a social robot--a product of an emotionally bankrupt society.
18. You hate the way your body looks and your emotional pain is directly related to your fear of death.
What starts as an insecurity can be traced straight to the depths of being mortal.
19. You don't engage in deep conversations because you're afraid to admit that you have no idea what you're doing in life.
Weather, sports, stocks, and television shows are great ways to distract us from what really matters.
20. You pretend that you know the "right way" of doing things but you fear that you'll die and discover that you got it all wrong.
Stop pretending and start questioning--be one of the courageous few to acknowledge your shortcomings and then take action to inspire change in yourself and make the world a better place.
The illusion of control is the life jacket you grip while stranded in the middle of the ocean.
17. You fake smile at others when you don't want to because you know that your feelings aren't important to other people.
When looking the part is more important than acknowledging your feelings, you're nothing more than a social robot--a product of an emotionally bankrupt society.
18. You hate the way your body looks and your emotional pain is directly related to your fear of death.
What starts as an insecurity can be traced straight to the depths of being mortal.
19. You don't engage in deep conversations because you're afraid to admit that you have no idea what you're doing in life.
Weather, sports, stocks, and television shows are great ways to distract us from what really matters.
20. You pretend that you know the "right way" of doing things but you fear that you'll die and discover that you got it all wrong.
Stop pretending and start questioning--be one of the courageous few to acknowledge your shortcomings and then take action to inspire change in yourself and make the world a better place.
Source: www.inc.com
Quote for the day
"What lies behind us and what lies ahead of us are tiny matters compared to what lives within us." - Henry David Thoreau
Saturday, 25 March 2017
12 Fears You Need to Overcome to Succeed in Business and Life
We can never outperform the limits set by our fears.By Gordon Tredgold
Your fears can be the biggest barriers to your success.
They can stop you from going after what you truly desire; they can make you believe that your chances of success are so small that you don't even try. Fears are complex; they're cunning, they can be deep-seated, and they are often subconscious, which can mean that you are not always aware of what it is that is holding you back.
In her excellent book Fight the Fear, Mandie Holgate highlights 12 fears you need to overcome to remove your negative mindset and win in life. For each fear, Mandie offers practical exercises to help you get beyond it so you can pursue and achieve your goals.
Fear 1 - What if someone finds out who you really are?
Too often people hide who they really are, what they really want, or what they really enjoy in life for fear that other people may not approve. The reality is, not everyone wants to be a multimillionaire or a CEO of a major corporation. Some people are quite happy to live what could be considered an unambitious life. But chasing someone else's dream is never going to lead to your happiness. You need to understand your values, be true to yourself, and not worry about what other people think. Go after what pleases you, and what you are passionate about.
Too often people hide who they really are, what they really want, or what they really enjoy in life for fear that other people may not approve. The reality is, not everyone wants to be a multimillionaire or a CEO of a major corporation. Some people are quite happy to live what could be considered an unambitious life. But chasing someone else's dream is never going to lead to your happiness. You need to understand your values, be true to yourself, and not worry about what other people think. Go after what pleases you, and what you are passionate about.
Fear 2 - Scared of setting goals
People that set the wrong goals or hesitate to set any goals end up procrastinating and invariably don't get the results at work they desire. I see this fear manifest itself with so many professional people as negative feelings, results, and actions.
And all because they fear setting goals.
If you don't set goals, then it's impossible to create a solid action plan to achieve what you want to achieve. Without a plan, you're pinning your hopes on luck, and hoping to be lucky is not a smart strategy.
People that set the wrong goals or hesitate to set any goals end up procrastinating and invariably don't get the results at work they desire. I see this fear manifest itself with so many professional people as negative feelings, results, and actions.
And all because they fear setting goals.
If you don't set goals, then it's impossible to create a solid action plan to achieve what you want to achieve. Without a plan, you're pinning your hopes on luck, and hoping to be lucky is not a smart strategy.
Fear 3 - Don't believe you can succeed
Fear of failure stops far too many people from even attempting to achieve their goals. But there are a couple of things for you to remember. First, many a path to success is littered with mistakes and failures; it goes with the territory. Second, so what if you fail? Do you really know the consequences of failing and are they really that bad? For many of my coaching clients who have this fear of failure, the impact of failure would often be negligible--maybe a little bit of embarrassment, possibly a waste of some time and or resources.
To get over the fear of failure, ask yourself, "So, what if I do fail?" What is the worst that can happen? If the reality is "Not a lot," which is often the case with my coaching clients, then dive in, give it a shot.
Don't let just the fear of failing hold you back.
Fear 4 - I don't want to appear arrogant
Success doesn't sit comfortably with everyone, myself included. It can sometimes feel as if we have become above our station, that by claiming our success we are looking to put ourselves above others, which can then be perceived as arrogance. This perception can often limit the goals that we set for ourselves, for fear of separating ourselves from the herd. There is nothing arrogant about achieving your full potential.
Don't let the limitations of others become the limits that you set for yourself.
Success doesn't sit comfortably with everyone, myself included. It can sometimes feel as if we have become above our station, that by claiming our success we are looking to put ourselves above others, which can then be perceived as arrogance. This perception can often limit the goals that we set for ourselves, for fear of separating ourselves from the herd. There is nothing arrogant about achieving your full potential.
Don't let the limitations of others become the limits that you set for yourself.
Fear 5 - I don't ask for help
There are a number of reasons why people don't ask for help. Fear of rejection; they don't want to appear stupid; they worry it will undermine their achievements; they don't want people to know they are struggling. The reality is, very few people achieve great success without the support and assistance of others. Often people are willing to help if we will just reach out and ask them.
Asking for help is something I have really struggled with, mostly because of a fear of rejection, but I read the book, looked at the strategies proposed, and decided to give it a try. Recently, I posted a simple request on Facebook for some help with sales and marketing. Within 20 minutes, I had four offers of help.
Normally, I would have just soldiered on, struggling. But several friends were happy to help and wondered why I had never asked before.
You probably have more help available than you know. You just need to reach out and ask.
Fear 6 - I'm scared of saying no
When you don't say no to others, then you can be saying no to yourself. You need to learn to be fair to yourself. If a request distracts you from your goal, then politely say no or offer to help at a time that best suits you. There are plenty of people who will let you quit on your goals to help them achieve theirs.
You also need to make sure you are clear and focused on your objectives so you can say yes to the right opportunities, those that will lead to your desired success. There will always be new opportunities that will arise, and you need to be comfortable saying no to those that are not aligned with your priorities. It can be easy to become distracted, especially if those opportunities have short-term benefits.
When you don't say no to others, then you can be saying no to yourself. You need to learn to be fair to yourself. If a request distracts you from your goal, then politely say no or offer to help at a time that best suits you. There are plenty of people who will let you quit on your goals to help them achieve theirs.
You also need to make sure you are clear and focused on your objectives so you can say yes to the right opportunities, those that will lead to your desired success. There will always be new opportunities that will arise, and you need to be comfortable saying no to those that are not aligned with your priorities. It can be easy to become distracted, especially if those opportunities have short-term benefits.
Fear 7 - I'm petrified of public speaking
In most careers, at some time you are going to have to give a presentation, make a speech, or speak to a group of your employees, especially as you start to make progress up the ranks. For many, public speaking is one of their greatest fears. I've heard people say they would rather have a root canal than stand up and speak in public. It's actually something I struggled with for a while, even though I am now an international keynote speaker. Some of the things you can do to help get over the fear are:
- Practice. But don't overdo it, because you want to sound natural, not scripted
- Keep the talk simple--don't use much jargon unless you have to
- Be confident about your right to be in the room or on the stage. You have earned it
- Don't worry about forgetting something. Probably only you would notice anyway
- Don't use notes unless you really have to
Fear 8 - I hate phoning people
This is definitely a problem if you're involved with sales or business development. While you might not be looking to do a sales pitch on the phone, you may need to call a client to arrange a visit or an appointment to discuss how you can help.
Personally, I hate calling, especially cold calling. But having read Mandie's book, I realize it's because I hate to disturb people or waste their time.
Using one of Mandie's techniques, now, before each call, I focus on what the client will get out of the call, how the client will benefit. Doing this takes away my fear and helps me get a mutually beneficial conversation started.
This is definitely a problem if you're involved with sales or business development. While you might not be looking to do a sales pitch on the phone, you may need to call a client to arrange a visit or an appointment to discuss how you can help.
Personally, I hate calling, especially cold calling. But having read Mandie's book, I realize it's because I hate to disturb people or waste their time.
Using one of Mandie's techniques, now, before each call, I focus on what the client will get out of the call, how the client will benefit. Doing this takes away my fear and helps me get a mutually beneficial conversation started.
Fear 9 - I don't want to look stupid
Being successful can often require us to go against the flow, to challenge the current way of doing things and try something different. But if it goes wrong, it can lead to ridicule from others.
I'm old enough to remember when Dick Fosbury changed high jumping forever. I remember watching him run toward the bar and then turn and jump over the bar backward. It looked completely crazy, and many of the commentators questioned his bizarre technique.
Fosbury didn't care that he looked stupid. He persisted and had the last laugh by winning the 1968 Mexico Olympics high jump gold medal, and gave the Fosbury Flop to the world.
At the Mexico Olympics, he was the only person to use that technique. At every major high jump event since, that has been the predominant technique used.
Dare to be different. It could lead to amazing success!
Fear 10 - I can't stop scrutinising what people are thinking
Acceptance from others is a strong desire that many people have, and it can cause us to question the things we do by wondering what other people are thinking: about us, about our businesses, our plans, and our goals. I know this can cause many of my coaching clients to put off making decisions or taking actions.
The reality is that most people are too busy worrying about their own problems to be scrutinising what others are doing.
Second, who cares? We have enough of our own negative thoughts to deal with without adding other people's potential negativity to our list of obstacles to overcome.
Keep focused on your goal, and don't worry about the thoughts of others. The right people will be supportive of you, and those who aren't shouldn't be the people you pay attention to.
Fear 11 - I'm scared to ask for what I want
Practically every entrepreneur I have ever coached was under pricing his or her services. One client I had was charging $225 per hour for his service, and was keen to get $350 per hour but didn't think his clients would pay it. It was amazing when you looked at the value he provided; he had optimised a company's recruitment process, reducing costs by 33 percent, and at the same time increased productivity by 75 percent. This saved the company around $300,000 per year as well as nearly doubled its results. From a value perspective, my client could have been charging $1,000 per hour, and it still would have been a bargain.
Too many people think about their costs and their hourly rate, and it stops them from not only asking for what they want but also for what they are worth.
Think about the value you bring, the results you will generate for your client, and price yourself accordingly.
Fear 12 - I can't take time out
Business can be very demanding, especially when it comes to the amount of our personal time that it can consume. I can remember the days when being a workaholic meant that you stayed at the office until 7 or 8 p.m., or brought work home on the weekend. But now, since the rise of the laptop, the internet, and the mobile phone and the world becoming more global, being available on call or online 24/7 feels more like the norm. What opportunities we will miss if we take time out? How will our businesses function if we are not available for each and every crisis?
To live a healthy, happy life, we need to have great work-life balance.
It's natural to think that we are indispensable, but the reality is, we're not. People will always find a way to cope, and there will always be more opportunities.
I worked for one of the largest companies in the world, one whose business was dependent on information technology, and our CIO used to turn his phone off at 7 every evening. He said he had complete confidence in his staff, they knew far more than he did, and if it was truly an emergency, they knew where he lived.
We make ourselves indispensable, but we can find a way to step back and take time out if we really want to.
The more of these fears you can overcome, the more business and personal success you can achieve. It's not easy. Many fears are deep rooted. But if we consciously work on them, we can make improvements.
Which fears impact you and your business the most?
Source: www.inc.com
Quote for the day
"Don’t let the noise of others’ opinions drown out your own inner voice." - Steve Jobs
Friday, 24 March 2017
Quote for the day
"I'm a pessimist because of intelligence, but an optimist because of will." - Antonio Gramsci
Thursday, 23 March 2017
Quote for the day
"Unless you try to do something beyond what you have already mastered, you will never grow." - Ralph Waldo Emerson
Wednesday, 22 March 2017
Tuesday, 21 March 2017
Quote for the day
"Don't wait for extraordinary opportunities. Seize common occasions and make them great. Weak men wait for opportunities; strong men make them." - Orison Swett Marden
Monday, 20 March 2017
Quote for the day
"Ignorant men do not know what good they hold in their hands until they've flung it away."
- Sophocles
- Sophocles
Sunday, 19 March 2017
8 Strategies Mentally Strong People Use to Gain Financial Freedom
Gaining control over your mind will help you gain control over your money.
By Amy Morin
Mental strength is about regulating your thoughts, managing your emotions, and behaving productively. And all three of those factors greatly affect your attitude toward money and the activity in your bank account.
Mentally strong people are in control of their finances. They manage their money in a way that allows them to live according to their values and they are always working toward their financial goals.
Here are eight financial habits of mentally strong people:
1. They create a budget.
Coming face-to-face with how much money you earn versus how much you spend can be quite anxiety-provoking. But mentally strong people have goals and they know they won't reach their goals without a clear plan. Their budget helps them make informed choices based on the facts--not impulse purchases based on emotion.
Just like working out will build your physical muscles, there are exercises that will build your mental muscles. With practice and dedication, you develop the mental strength you need to develop better financial habits.Source: www.inc.com
By Amy Morin
Mental strength is about regulating your thoughts, managing your emotions, and behaving productively. And all three of those factors greatly affect your attitude toward money and the activity in your bank account.
Mentally strong people are in control of their finances. They manage their money in a way that allows them to live according to their values and they are always working toward their financial goals.
Here are eight financial habits of mentally strong people:
1. They create a budget.
Coming face-to-face with how much money you earn versus how much you spend can be quite anxiety-provoking. But mentally strong people have goals and they know they won't reach their goals without a clear plan. Their budget helps them make informed choices based on the facts--not impulse purchases based on emotion.
2. They take calculated risks.
Mentally strong people don't allow their excitement over the promise of a big payout to fall prey to get-rich-quick schemes. But they also don't let their fear keep them from investing in the right opportunities. They spend time calculating risks and they can be informed about which opportunities best suit their financial goals.
Mentally strong people don't allow their excitement over the promise of a big payout to fall prey to get-rich-quick schemes. But they also don't let their fear keep them from investing in the right opportunities. They spend time calculating risks and they can be informed about which opportunities best suit their financial goals.
3. They don't engage in unhealthy competition.
Comparing yourself to other people will sabotage your best efforts. Mentally strong people don't waste their energy competing to have the newest car or the biggest house on the block. They create their own definition of success and stay focused on their own path.
Comparing yourself to other people will sabotage your best efforts. Mentally strong people don't waste their energy competing to have the newest car or the biggest house on the block. They create their own definition of success and stay focused on their own path.
4. They separate their net worth from their self-worth.
Mentally strong people aren't necessarily rich--but they are comfortable in their own skin. They feel good about themselves regardless of the size of their bank account. They don't show off their assets or brag about their income because their self-worth doesn't depend on their net worth.
Mentally strong people aren't necessarily rich--but they are comfortable in their own skin. They feel good about themselves regardless of the size of their bank account. They don't show off their assets or brag about their income because their self-worth doesn't depend on their net worth.
5. They own stuff--their stuff doesn't own them.
Mentally strong people's lives don't revolve around collecting more possessions. They take care of their belongings but they aren't married to them. They're able to move to a new home, part with things they've outgrown, and go without luxuries.
Mentally strong people's lives don't revolve around collecting more possessions. They take care of their belongings but they aren't married to them. They're able to move to a new home, part with things they've outgrown, and go without luxuries.
6. Their financial habits are in line with their values.
Mentally strong people's financial habits reflect their values. They spend their time and their money on the things that matter most to them. Whether they're working extra hours to dig themselves out from a setback or they're trimming some of the extras so they can spend more time with their families, their choices reflect their core beliefs.
Mentally strong people's financial habits reflect their values. They spend their time and their money on the things that matter most to them. Whether they're working extra hours to dig themselves out from a setback or they're trimming some of the extras so they can spend more time with their families, their choices reflect their core beliefs.
7. They delay gratification.
Justifying your purchases by telling yourself you deserve to be happy can lead to overindulgence and impulse purchases. Mentally strong people don't make excuses to spend money they don't have on things they don't need. Whether it's a second honeymoon or the latest gadget, they practice self-discipline and wait until the time is right.
Justifying your purchases by telling yourself you deserve to be happy can lead to overindulgence and impulse purchases. Mentally strong people don't make excuses to spend money they don't have on things they don't need. Whether it's a second honeymoon or the latest gadget, they practice self-discipline and wait until the time is right.
8. They have a sense of purpose.
Whether they strive to leave a legacy for future generations or they give to others in need, mentally strong people have a sense of purpose in life. They keep that purpose in mind when making their financial decisions.
Develop Your Mental Muscle
Mountains of debt and ongoing financial problems can be a symptom of a much bigger problem--a lack of mental strength. But the good news is, everyone can take steps to become mentally stronger.
Whether they strive to leave a legacy for future generations or they give to others in need, mentally strong people have a sense of purpose in life. They keep that purpose in mind when making their financial decisions.
Develop Your Mental Muscle
Mountains of debt and ongoing financial problems can be a symptom of a much bigger problem--a lack of mental strength. But the good news is, everyone can take steps to become mentally stronger.
Just like working out will build your physical muscles, there are exercises that will build your mental muscles. With practice and dedication, you develop the mental strength you need to develop better financial habits.Source: www.inc.com
Quote for the day
"Everyone has talent. What is rare is the courage to follow the talent to the dark place where it leads." - Erica Jong
Saturday, 18 March 2017
100 Website That Rule The Internet
These are the top 100 websites, ranked by traffic, in the United States, according to data from Alexa. They are color-coded by type (banking sites, streaming), and each circle's size indicates how highly ranked within the top 100 a website is, as you can see by the diagram to the left.
You can also see which websites are connected as businesses. For instance, Alphabet Inc. owns Google, YouTube, and a few other sites. These websites are linked together with a solid or dotted line (depending on the nature of the connection) and labelled with the organisation they fall under.
www.visualistan.com
You can also see which websites are connected as businesses. For instance, Alphabet Inc. owns Google, YouTube, and a few other sites. These websites are linked together with a solid or dotted line (depending on the nature of the connection) and labelled with the organisation they fall under.
www.visualistan.com
Quote for the day
"A life spent making mistakes is not only more honorable, but more useful than a life spent doing nothing." - George Bernard Shaw
Friday, 17 March 2017
Quote for the day
"Let us rise up and be thankful, for if we didn’t learn a lot today, at least we learned a little." - Gautama Buddha
Thursday, 16 March 2017
Wednesday, 15 March 2017
Tuesday, 14 March 2017
Quote for the day
"Your worth consists in what you are and not in what you have." - Thomas A. Edison
Monday, 13 March 2017
Quote for the day
"All sorrow has its root in man's inability to sit quiet in a room by himself." - Blaise Pascal
Sunday, 12 March 2017
Quote for the day
"A fool flatters himself, a wise man flatters the fool." - Edward Bulwer-Lytton, 1st Baron Lytton
Let Me Convince You To Save Money
By Morgan Housel
The first idea – simple but easy to overlook – is that building wealth has little to do with your income or investment returns, and lots to do with your savings rate.
Fortunes can be blown as fast as they’re earned – and often are – while others with modest incomes can build up a fortune over time. Wealth is just the accumulated leftovers after you spend what you take in. And since you can build wealth without a high income but have no chance without a high savings rate, it’s clear which one matters more.
More important, the value of wealth is relative to what you need.
More important, the value of wealth is relative to what you need.
A high savings rate means having lower expenses than you otherwise could, and having lower expenses means your savings goes farther than it would if you spent more. Since people require vastly different amounts of spending to get by each month, $1 of savings to one person is worth something totally different to another.
Past a certain level of income, what you need is just what sits below your ego.
Past a certain level of income, what you need is just what sits below your ego.
Everyone needs the basics, and once the basics are covered there’s another level of comfortable basics, and past that there’s basics that are both comfortable, entertaining, and enlightening. But spending past a pretty low level of materialism is mostly a reflection of ego approaching income, a way to spend money to show people that you have (or had) money. Think of it this way, and one of the most powerful ways to increase your savings isn’t to raise your income, but your humility.
So people’s ability to accumulate a meaningful amount of savings is more in their control than they might think.
So people’s ability to accumulate a meaningful amount of savings is more in their control than they might think.
If you view saving more as something that requires a big (or higher) income, it can seem out of reach. In fact, it does for many people because their expenses grow as fast (or faster) as their income. But if you view saving as changing your perspective on how much you need to spend in a way that also lowers the amount of savings you need to become meaningful, it’s more in your control.
You don’t need a reason to save.
You don’t need a reason to save.
Are you saving for a house? Or a vacation? Or a new car? No, I’m saving for a world where curveballs are the most common balls thrown. Only saving for a specific goal makes sense in a predictable world. But ours isn’t. Savings is a hedge against life’s inevitable ability to surprise the hell out of you at the worst possible moment.
But the best reason to save is to gain control over your time. Everyone knows the tangible stuff money buys. The intangible stuff is harder to wrap your head around, but can be far more valuable and able to increase your happiness. Savings gives you options and flexibility, the ability to wait and the opportunity to pounce. It gives you time to think. Every bit of savings is like taking a point in the future that would have been owned by someone else and giving it back to yourself.
That flexibility and control over your time is an unseen return on wealth.
But the best reason to save is to gain control over your time. Everyone knows the tangible stuff money buys. The intangible stuff is harder to wrap your head around, but can be far more valuable and able to increase your happiness. Savings gives you options and flexibility, the ability to wait and the opportunity to pounce. It gives you time to think. Every bit of savings is like taking a point in the future that would have been owned by someone else and giving it back to yourself.
That flexibility and control over your time is an unseen return on wealth.
When time isn’t on your side you’re forced to accept whatever bad luck is thrown your way. But if you have flexibility, you have the time to wait for no-brainer opportunities to fall in your lap. This is a hidden return on your savings. Savings in the bank that earns 0% interest might actually generate a meaningful return if it gives you the flexibility to take a job with a lower salary but more purpose, or wait for investment opportunities that come when those without flexibility turn desperate.
And that return is becoming more important.
And that return is becoming more important.
Intelligence isn’t necessarily a sustainable advantage in a world that’s as connected and competitive as ours has become. But flexibility is, and I think it always will be. There are lots of smart people, and what used to be considered intelligence is increasingly automated. In a world where hard skills become automated, competitive advantages tilt toward nuanced and soft skills – like communication, empathy, and, perhaps most of all, flexibility. Having more control over your time and options is becoming one of the most valuable currencies in the world.
That’s why more people can,
and more people should, save money.
Source: www.collaborativefund.com
Saturday, 11 March 2017
Quote for the day
"Man is born to seek power, yet his actual condition makes him a slave to the power of others." - Hans Morgenthau
Friday, 10 March 2017
Quote for the day
"It is every man's obligation to put back into the world at least the equivalent of what he takes out of it." - Albert Einstein
Thursday, 9 March 2017
Quote for the day
"Doing what you love is the cornerstone of having abundance in your life." - Wayne Dyer
Wednesday, 8 March 2017
Tuesday, 7 March 2017
Monday, 6 March 2017
Quote for the day
"I hope our wisdom will grow with our power, and teach us, that the less we use our power the greater it will be." - Thomas Jefferson
Sunday, 5 March 2017
Quote for the day
"Every time you are tempted to react in the same old way, ask if you want to be a prisoner of the past or a pioneer of the future." - Deepak Chopra
Saturday, 4 March 2017
20 Secrets of rich people
By Raviraj Parekh
I have dream of becoming rich. Do you follow same dream? If yes you must explore what it takes to be rich and what are the beliefs and secrets of rich people.We are herewith 20 Secrets of Rich people.
20 Secrets of Rich people.
1. Rich people believe “I create my life.” Poor people believe “Life happens to me.”
If you want to be rich, it is imperative that you believe that you are at the steering wheel of your life, especially your financial life. If you don’t believe this, then you must inherently believe that you have little or no control over your life, and therefore you have little or no control over your financial success. That is not a rich attitude.
2. Rich people accept the situation & they don’t play blame game.
Rich people posse’s quality that they accept situation and they don’t play blame game. Poor and middle class play blame game for any and every situation they blame people, government, economy, policy, stock market and even god. They do that because they don’t have ability to change situation.
3. Rich people play the money game to win. Poor people play the money game to not lose.
Poor people play the money game on defense rather than offense. Let me ask you: If you were to play any sport or any game strictly on defense, what are the chances of your winning that game? Most people would agree, slim and none.
Yet that’s exactly how most people play the money game. Their primary concern is survival and security instead of creating wealth and abundance.
4. Rich people are committed to being rich. Poor people want to be rich.
Rich people are committed and clear that what they want in life. They are unwavering in their desire. They are fully committed to creating wealth. As long as it’s legal, moral, and ethical, they will do whatever it takes to become rich.
Remember - If you are not fully, totally, and truly committed to creating wealth, chances are you won’t.
5. Rich people think big. Poor people think small.
How do you want to live your life? How do you want to play the game? Do you want to play in the big leagues or in the little leagues, in the majors or the minors? Are you going to play big or play small? It’s your choice.
Rich people think big and play big game.
6. Rich people are open-minded. Poor people are narrow-minded.
Rich people are open to new idea and learning. They are open-minded while poor people are conservative in nature.
7. Rich people focus on opportunities. Poor people focus on obstacles.
Rich people see opportunities. Poor people see obstacles. Rich people see potential growth. Poor people see potential loss. Rich people focus on the rewards. Poor focus on the risks.
8. Rich people admire other rich and successful people. Poor people resent rich and successful people.
Rich people admire others success. Poor people often look at other people’s success with resentment, jealousy, and envy.
9. Rich people associate with positive, successful people. Poor people associate with negative or unsuccessful people.
Rich people network with positive and successful people. They see successful people as a means to motivate themselves. They see other successful people as models to learn from.
10. Rich people are willing to promote themselves and their value. Poor people think negatively about selling and promotion.
Rich people are almost always excellent promoters. They can and are willing to promote their products, their services, and their ideas with passion and enthusiasm.
11. Rich people are bigger than their problems. Poor people are smaller than their problems.
For Rich people every problem is small problem. Rich people are big problem solvers.
The bigger the problems you can handle, the bigger the business you can handle; the bigger the responsibility you can handle, the more employees you can handle; the more customers you can handle, the more money you can handle, and ultimately, the more wealth you can handle.
12. Rich people are excellent receivers. Poor people are poor receivers.
To earn large sums of money for your work & products, you must feel worthy of receiving large sums of money.
Here’s a great practice for improving your receiving skills: when someone offers you compliment, simply say accept and thanks. Don’t look for something to compliment the other person with.
13. Rich people choose to get paid based on results. Poor people choose to get paid based on time.
Rich people prefer to get paid based on the results they produce, if not totally, then at least partially. Rich people usually own their own business in some form. They make their income from their profits. Rich people work on commission or percentages of revenue. Rich people choose stock options and profit sharing in lieu of higher salaries.
Poor people prefer to be paid a steady salary or hourly wage. They need the “security”
14. Rich people think “both.” Poor people think “either/or.”
Rich people live in a world of abundance. Poor people live in a world of limitations. Of course, both live in the same physical world, but the difference is in their perspective.
Do you want a successful career or a close relationship with your family? Both! Do you want to focus on business or have fun and play? Both! Do you want money or meaning in your life? Both! Do you want to earn a fortune or do the work you love? Both! Poor people always choose one, rich people choose both.
15. Rich people focus on their net worth. Poor people focus on their working income.
Remember the true measure of wealth is net worth, not working income. Rich people understand the huge distinction between working income and net worth.
16. Rich people manage their money well. Poor people mismanage their money well.
Rich people are good money manager. Rich people carries supporting money habits. Rich people handles money well.
17. Rich people have their money work hard for them. Poor people work hard for their money.
Rich people know how to generate more money from money. Rich Invest money to grow it, rich do smart work and poor do hard work.
18. Rich people act in spite of fear. Poor people let fear stop them.
Fear, doubt, and worry are among the greatest obstacles, not only to success, but to happiness as well. Therefore, one of the biggest differences between rich people and poor people is that rich people are willing to act in spite of fear. Poor people let fear stop them.
19. Rich people constantly learn and grow. Poor people think they already know.
Rich people believe in constant learning and growing. Rich people know that knowledge means power.
20. Rich people ready to take risk. Poor people avoid taking risk.
Rich people are risk takers. They take calculative risk to make money. Poor people avoid or delay taking risk.
I have dream of becoming rich. Do you follow same dream? If yes you must explore what it takes to be rich and what are the beliefs and secrets of rich people.We are herewith 20 Secrets of Rich people.
20 Secrets of Rich people.
1. Rich people believe “I create my life.” Poor people believe “Life happens to me.”
If you want to be rich, it is imperative that you believe that you are at the steering wheel of your life, especially your financial life. If you don’t believe this, then you must inherently believe that you have little or no control over your life, and therefore you have little or no control over your financial success. That is not a rich attitude.
2. Rich people accept the situation & they don’t play blame game.
Rich people posse’s quality that they accept situation and they don’t play blame game. Poor and middle class play blame game for any and every situation they blame people, government, economy, policy, stock market and even god. They do that because they don’t have ability to change situation.
3. Rich people play the money game to win. Poor people play the money game to not lose.
Poor people play the money game on defense rather than offense. Let me ask you: If you were to play any sport or any game strictly on defense, what are the chances of your winning that game? Most people would agree, slim and none.
Yet that’s exactly how most people play the money game. Their primary concern is survival and security instead of creating wealth and abundance.
4. Rich people are committed to being rich. Poor people want to be rich.
Rich people are committed and clear that what they want in life. They are unwavering in their desire. They are fully committed to creating wealth. As long as it’s legal, moral, and ethical, they will do whatever it takes to become rich.
Remember - If you are not fully, totally, and truly committed to creating wealth, chances are you won’t.
5. Rich people think big. Poor people think small.
How do you want to live your life? How do you want to play the game? Do you want to play in the big leagues or in the little leagues, in the majors or the minors? Are you going to play big or play small? It’s your choice.
Rich people think big and play big game.
6. Rich people are open-minded. Poor people are narrow-minded.
Rich people are open to new idea and learning. They are open-minded while poor people are conservative in nature.
7. Rich people focus on opportunities. Poor people focus on obstacles.
Rich people see opportunities. Poor people see obstacles. Rich people see potential growth. Poor people see potential loss. Rich people focus on the rewards. Poor focus on the risks.
8. Rich people admire other rich and successful people. Poor people resent rich and successful people.
Rich people admire others success. Poor people often look at other people’s success with resentment, jealousy, and envy.
9. Rich people associate with positive, successful people. Poor people associate with negative or unsuccessful people.
Rich people network with positive and successful people. They see successful people as a means to motivate themselves. They see other successful people as models to learn from.
10. Rich people are willing to promote themselves and their value. Poor people think negatively about selling and promotion.
Rich people are almost always excellent promoters. They can and are willing to promote their products, their services, and their ideas with passion and enthusiasm.
11. Rich people are bigger than their problems. Poor people are smaller than their problems.
For Rich people every problem is small problem. Rich people are big problem solvers.
The bigger the problems you can handle, the bigger the business you can handle; the bigger the responsibility you can handle, the more employees you can handle; the more customers you can handle, the more money you can handle, and ultimately, the more wealth you can handle.
12. Rich people are excellent receivers. Poor people are poor receivers.
To earn large sums of money for your work & products, you must feel worthy of receiving large sums of money.
Here’s a great practice for improving your receiving skills: when someone offers you compliment, simply say accept and thanks. Don’t look for something to compliment the other person with.
13. Rich people choose to get paid based on results. Poor people choose to get paid based on time.
Rich people prefer to get paid based on the results they produce, if not totally, then at least partially. Rich people usually own their own business in some form. They make their income from their profits. Rich people work on commission or percentages of revenue. Rich people choose stock options and profit sharing in lieu of higher salaries.
Poor people prefer to be paid a steady salary or hourly wage. They need the “security”
14. Rich people think “both.” Poor people think “either/or.”
Rich people live in a world of abundance. Poor people live in a world of limitations. Of course, both live in the same physical world, but the difference is in their perspective.
Do you want a successful career or a close relationship with your family? Both! Do you want to focus on business or have fun and play? Both! Do you want money or meaning in your life? Both! Do you want to earn a fortune or do the work you love? Both! Poor people always choose one, rich people choose both.
15. Rich people focus on their net worth. Poor people focus on their working income.
Remember the true measure of wealth is net worth, not working income. Rich people understand the huge distinction between working income and net worth.
16. Rich people manage their money well. Poor people mismanage their money well.
Rich people are good money manager. Rich people carries supporting money habits. Rich people handles money well.
17. Rich people have their money work hard for them. Poor people work hard for their money.
Rich people know how to generate more money from money. Rich Invest money to grow it, rich do smart work and poor do hard work.
18. Rich people act in spite of fear. Poor people let fear stop them.
Fear, doubt, and worry are among the greatest obstacles, not only to success, but to happiness as well. Therefore, one of the biggest differences between rich people and poor people is that rich people are willing to act in spite of fear. Poor people let fear stop them.
19. Rich people constantly learn and grow. Poor people think they already know.
Rich people believe in constant learning and growing. Rich people know that knowledge means power.
20. Rich people ready to take risk. Poor people avoid taking risk.
Rich people are risk takers. They take calculative risk to make money. Poor people avoid or delay taking risk.
Source: www.moneyexcel.com
Quote for the day
"You do not suffer because things are impermanent. You suffer because things are impermanent and you think they are permanent." - Nhat Hanh
Friday, 3 March 2017
Quote for the day
"To one who has faith, no explanation is necessary. To one without faith, no explanation is possible." - Thomas Aquinas
Thursday, 2 March 2017
Wednesday, 1 March 2017
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