Rich Brother, Rich Sister – Robert Kiyosaki

Rich Brother Rich Sister

Search books by Dr R Buckminister Fuller.

America is a great county if you have money. If you are poor America can be a tough place to live.

Book: See you at the top, by Zig Ziglar.

Dr Fuller said that a life of specialization could easily become a life of obsolescence. And the more specialized you are, the less people you could serve. He thought it was better to be a generalist rather than a specialist. Specialists look at the world from a narrow point of view while generalists see the big picture.

I don’t think being poor makes me any more spiritual. In fact, when I was poor the circumstance actually robbed me of my spirit.

Its hard to have spiritual power when you are unethical or amoral.

For there to be precession, there must be motion in a direction.  People who are sedentary, not moving, or doing the same thing day after day, have little precession.

Since one’s heaven can be another person’s hell, the question is, what creates a person’s heaven or hell?  While there are many possible answers, one answer is happiness… or the lack of it.

So what is your gift? When I am asked about ho to find one’s gift, I simply reply, “If you had all the money in the world, what would you do for the rest of your life? What would make your heart sing?” I also say “One of the reasons a person does not give or use their gift is because they have been trained to go to school and get a job to earn money.  So the question is, What would you do if you didn’t have to worry about money?”

Why do bad things happen to good people? After something is lost, or something bad happens, I often hear people ask that question.  I follow Dr Fuller’s idea that “good and bad are meaningless.” I now know that all things, good or bad, are blessings.  For example, crashing into the ocean gave me life.  Going broke made me rich. Losing my first wife made me a better husband for Kim. Getting fat made me a healthier person today.

The following steps may assist you in finding your spiritual family.  The first step is to ask yourself “What am I willing to give my life to?” The answer to this question may take some soul-searching but the moment you begin to find your answers, you will begin to find your spiritual family.

The second step is to ask yourself the following questions:

  • If money were no object, would I continue to work at my job?
  • If money were no object, would I work at my job for free?
  • If the answers are “no” to the first two questions, then what would you work at forever and for free?
  • If you are not willing to work forever and for free, then the chances are you have not yet found your soul’s purpose for your life.  If there is something else you would rather do, maybe you should do it.

Its difficult to earn more if you have stopped learning and growing.

Whenever you feel fear, it may mean you are approaching the boundary of what you know and what you do not know.  If you backdown or step back, your growing stops because your learning stops.

Don’t work with “corpse-people”. If you are working for a corpse-o-ration, government or business, be careful. There are people who feed on your fear of losing your job and your need of money. Oftentimes these people give you the creeps or heebie-jeebies. That’s your spirit talking, telling you to be aware. If you stay too long, working only for a paycheck, promotion, or retirement, your soul will be long gone.

I found that when I focused on serving others, blessings other than money came to me. Sometimes the blessings came in the form of bad people or disasters, which is how I learned that something good always came from something bad.  Actually, I found I learned more from my disasters than my miracles.

As Warren Buffet often says, “If you cannot control your emotions, you cannot control your money”.

Most of use know that the most dangerous words in business are: “Trust Me”.  When you hear those words grab your purse or wallet and hang on tight.  Others are “I have integrity”, “I am here to help”, “I’m behind you all the way”.

I have always believed that stress is how intelligence works.

 

 

The Education of Millionaires – Michael Ellsberg

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Around two years ago, at the age of thirty-two, I came to a shocking realization. Not one penny of how I earned my income was even slightly related to anything I ever studied or learned in college.

All the money in the world provides little comfort if we are lonely, sick, or forlorn of love.

All of us—at least the most idealistic among us—want to make a difference in the world, whether it’s in business, the arts, politics, philanthropy, science, or technology. At the very least, we want to make a difference in our communities. This is what feels meaningful to us: making a difference, having an impact, living for a purpose.

So, how do we reconcile our deepest dreams of making a difference in the world—our dreams of leading a meaningful, impactful life, a life of purpose—with the stark reality that the world doesn’t always care what kind of difference we want to make or give us an A for effort? Navigating these rocky existential waters is one of the most important aptitudes you could develop. Err too far in either direction, and it’s very unlikely you’ll end up happy in life. Err too far on the side of reaching for lofty dreams within your career, without any attention to existing market risks and constraints, and you may end up, as David did at twenty-one, in a hospital for malnourishment, at least metaphorically speaking. And few people who end up in that place of starving-artist-hood have the fortune to get out, as David eventually did. Yet, err too far in the other direction, giving in to fear and sticking to the safe path, without even a nod to the larger impact you want to make, the greater purpose you want to achieve, and you may end up feeling like you missed out. You may enjoy some level of predictability or security in your income, but it won’t feel very satisfying to you inside. Few people would call this “success.”

If you want to become wealthy or famous, which I presume you do if you’re buying and reading a book on success, then you’re going to need to make a difference in the lives of many people.

Making an impact on large groups of people involves leading them in some way. Yet, seeking to be a leader is akin to seeking what economists call a “positional good.” A classic example of a positional good is a penthouse apartment. You can’t have a penthouse apartment unless there are apartments below it. Not everyone in society could have a penthouse apartment.

Those who do end up leading often achieve leadership, amass wealth, fame, or support, or make an impact on the world, largely through the effects of word of mouth. Followers/customers/fans convert other people to followers/customers/fans, who convert more people to followers/customers/fans, until a big group—which business author Seth Godin calls a “tribe”—has amassed around that given leader, company, or artist.

Another way to see it: at any point in your career, you’ll usually be choosing between one path that is safer and one path that has the potential to feel more meaningful to you, between one path that is more certain and one that offers more of a chance for a sense of purpose and heroism. It’s hard to be a hero if there’s no risk involved.

there are also a lot of unacknowledged risks to not following your passions, of sticking too close to the beaten path in the name of safety and predictability. These include: “[T]he risk of working with people you don’t respect; the risk of working for a company whose values are inconsistent with your own; the risk of compromising what’s important; the risk of doing something that fails to express—or even contradicts—who you are. And then there is the most dangerous risk of all—the risk of spending your life not doing what you want on the bet you can buy yourself the freedom to do it later.”3
Randy calls the safe-and-narrow path, which pretends to incur no risks but which incurs the biggest risk of all (regretting your life at the end of it),

So, according to what I’ve described so far in this chapter, we face a serious dilemma: Either we follow our passions and purpose, and incur a significant risk of ending up as a starving artist, or we follow a safe, predictable, boring path, and incur a significant risk of ending up full of regret in our lives. Neither option sounds very palatable. Is there a way out of this bind?

It’s just so different—and better—figuring out how to make a difference in the world and find meaning in your life when your bills are covered and you have a secure roof over your head. It’s way less stressful than trying to do it when you’re broke.

I’m amazed at how many people won’t go for their dreams because they’re scared of that 95-percent failure statistic or some version of it. Let’s consider an analogy. While I have absolutely no scientific data to back this up, it seems to me a reasonable guess that 95 percent of all dates are failures. Now, imagine what would happen to our species if all people, when they heard of the low success rates of individual dates leading past the first date, freaked out and said, “OH MY GOD! I’M NEVER GOING TO GO ON A DATE AGAIN! I MIGHT GET REJECTED!” This generation would be the last. Fortunately, when it comes to dating, humans see that there is a big difference between the high likelihood that any single date will fail and the very low likelihood that all of your dates for the rest of your life will fail. Doing something entrepreneurial is, much like dating, a numbers game. If you can keep your financial and emotional losses low each iteration, and not jump off a building if the business (or date) fails, well then, you can keep trying and trying. Eventually, most everyone can find a creative blending of passion and money that works for them, just as eventually most everyone can find a great date that leads to something more.

I got into the world of marketing and sales. I discovered a lot of the past marketing and sales geniuses, like Claude Hopkins and Eugene Schwartz and John Caples and David Ogilvy, and read all of their books. I read Robert Cialdini’s book Influence: The Psychology of Persuasion, which was very impactful on me.

So, if you want to recruit powerful mentors and teachers to your team, the secret is giving. Giving. Giving. Support them. Figure out how you can help them, and do it. Be the water beneath them, pushing them up the fountain. Be enterprising about it—figure out ways to give and to support them that will blow their mind.

So, if you want to recruit powerful mentors and teachers to your team, the secret is giving. Giving. Giving. Support them. Figure out how you can help them, and do it. Be the water beneath them, pushing them up the fountain. Be enterprising about it—figure out ways to give and to support them that will blow their mind.

(If you feel you need to brush up on your own social intelligence—including your sense of tact—a great place to start is the book Social Intelligence: The New Science of Human Relationships by Daniel Goleman. I highly recommend this book: social intelligence is something we learn almost nothing about in our formal education.)

You should definitely read The Trusted Advisor by David Maister, Charles Green, and Robert Galford, and Networking with the Affluent by Thomas J. Stanley, two of the best books on high-integrity, no-sleaze connecting I’ve read.

Your self-study and learning in one of these areas of advice giving is highly liquid; it can often be traded for learning in another area. Because few people are truly well-rounded, if you become well-rounded in these areas of marketing and sales, health and nutrition, spirituality and personal philosophy, and interesting hobbies and passions, you will almost always have something to help people with. It’s like a Swiss army knife of service, ready in your back pocket for any occasion. And, as you give more, and serve more, you’ll eventually attract the right teachers in all these areas, who will help you learn more …

It turns out, Eben doesn’t often do consulting. He’s so busy working on his Internet business, which brings in $30 million a year in revenue (close to $100K per day), that it just doesn’t pay for him to take hours away from his workday to focus on paid hourly labor. If he spends several hours on someone else’s business for pay, he gets the pay, but he never gets the products of his labor back. If he spends a few hours creating an Internet video that he sells, he can keep selling that video for the rest of his life. The gift that keeps on giving. Leverage. Scalability.

We get paid less and are valued less by other businesspeople with whom we might want to connect because these skill sets have a lower impact on business results. We’ve basically just trained ourselves to be cogs in a machine. Now, with highly educated Chinese and Indians happy to do this kind of by-the-book work for us, many of us are finding that these skills we’ve been training sixteen years to develop have no impact in the workplace at all; we’re out of work. Software programs might even take our job.

in a capitalist economy, in general (and with some significant exceptions) money flows to the people who make the most impact on the most people who have the most money. That’s just the way the game works. You can rail against it, you can call for a socialist revolution. But as long as you’re still opting to play the game, you might as well learn the rules of the game.

$50,000 in a day—because your skill set was that highly valued on the marketplace—and give that money.

In my experience, the skill of success breaks down into three things. The skill of marketing. The skill of sales. And the skill of leadership.

In the Fortune 1000, what position is the most highly paid? You think it’s the CEO? Nope. It’s the #1 sales rep. Second most highly paid? The #2 sales rep. Third most highly paid? VP of sales. Fourth? CEO.

What I still didn’t realize—and what most people who are resistant to learning sales don’t realize—is that there’s a lot of room between just hanging out your shingle and hoping people show up, on the one hand, and forcing and manipulating people to buy things they don’t want, on the other hand. Most people, for reasons of integrity,

Thedagroup.ca

If you want to earn more money in a different field or industry than you currently work in, how can you gain the experience you need in your new chosen field without abandoning your current cash flow? Perhaps you could learn at night or on weekends, or start small and moonlight in the new business. Perhaps you can “learn while you earn” in some way. Maybe you can find people out there who are already successful in that field, who can mentor you for free, or with whom you can apprentice for free.
The point is not that debt is always bad—it’s that the decisions you make when you’re spending your own hard-earned money now, rather than spending “play money” on credit, tend to be more realistic, focused, and reasoned, and less risky and speculative.

It turns out that the millionaires I’ve been talking to who did not complete their formal education didn’t forsake education at all. They were simply following andragogy rather than pedagogy.

Take some of the best books on entrepreneurship. Maybe Innovation and Entrepreneurship by Peter Drucker. Or The Art of the Start by Guy Kawasaki,

“You wake up in the morning, you go brush your teeth. You walk to the kitchen, you make your breakfast. You get ready for work, you drive to work. You get to work. You count the hours until your first coffee break, then its lunchtime. And then you get home from work. You’re exhausted. You don’t even want to talk to your spouse or your friends because you are so tired. You get on the computer and you just numb out and you surf the Internet. Then you go to bed and repeat. That was how my life felt. I knew I had to make a change. I knew I had to do something. I didn’t know how I was going to do it or what it was going to be, but I had to do something.”

At some point in his sales career, he had learned about a concept called “the five-minute rule” from one of his sales mentors. This mentor, a high school dropout and now a successful sales manager, had told Hal: “You’re going to have customers who aren’t going to buy from you. Some might be rude to you or cut your appointment short. You’re going to have days when you don’t reach your goals. And it’s OK to be negative sometimes. But not for more than five minutes.

I can’t change what happened to me. There’s no point in feeling bad about it. If I feel down on myself, or sad or depressed, that doesn’t change anything, it just makes me miserable.”
After I made all these excuses to this guy as to why I wasn’t successful, he said, “Well, if there are other people doing well in your industry, and you’re not, there’s nothing wrong with the business you’re in, there’s something wrong with you.” And I said, “Well, no, no, no, you don’t understand . . .” and I went through a whole other list of excuses as to why the business wasn’t working. “I’m good at what I do. It’s just a really tough business. I want to get into a different, better business, which will be easier.” He said, “Look, young man. You’re like most people. You think the grass is greener on the other side. What’s going to happen if you go into another business is you’re going to spend another six months, another year, another two years, learning the technical skills of another industry, so you can go out and repeat the same bad business habits that have caused you to be a failure in this business. “What you need to do, young man, is learn fundamental business skills. Because once you do, you can apply those to any industry. But until you learn how to make a business work, it doesn’t matter what industry you go into, you’re still going to fail at it.” That was probably the most profound advice ever given to me, at a time in my life when I was willing to hear it, and have it sink in.
they engaged in deep inquiry about what outcomes they specifically wanted to create in their lives, and then relentlessly engaged in only the activities directly related to producing those outcomes in their lives.

If you look for and take care of what’s needed in a situation, rather than what’s requested by your boss, your teammates, or your clients, you’ll always be the first one up for promotions, the first one to win new business, and the last one laid off.

Schooling is important if you want to become a lawyer, a doctor, or a professor. But it’s not as critical for being an entrepreneur.

The Startup Genome Project (http://www.startupgenome.cc). The Project is inspired by the work of successful serial entrepreneur Steve Blank, who argues in his books and teachings that a startup is an organization that should be designed specifically to learn.

He has traded theoretical education in college courses, which cost him a fortune, for real-world education in his own startup, in which he’s instead earning money while he learns. He has simply bypassed the higher education bubble.

Its just so different – and better – figuring out how to make a difference in the world an dfind meaning in your life when your bills are covered and you have a secure roof over your head. Its way less stressful then trying to do it when you are broke.

It turns out, Eben doesnt do consulting. He is so busy working on his business, which brings 30 million a year in revenue, that it just doesnt pay forhim to take hours away from his workday to focus on paid hourlylabor. If he spends several hours on someone else’s business for pay, he gets the pay, but he never gets the products of his labor back. If he spends a few hours creating an Internet video that he sells, he can keep selling that video for the rest of his life. The gift tat keeps on giving. Leverage. Scalability.

Its hard to help poor people when you are one of them.

In my experience, the skill of success breaks down into three things: The skill of marketing. The skill of sales. And teh skill of leadership.

“Andragogy” its literal meaning, I found out, is “man-leading”, and it is contrasted with “pedagogy” which means “child-leading”.

Books to read: Innovation and Entrepreneurship by Peter Drucker, Theart of the start by Guy Kawasaki.

Firsts Steps to Wealth – Dani Johnson

Interested? Check it on Amazon: http://amzn.to/1Id4a0O

Whatever wealth you think you want or need, getting it requires something I call TEEM: Time, Energy, Effort, and Money.

I somehow felt compelled to reach out to this woman. I wanted to know why she was working at McDonald’s. Initially I imagined it was because she wanted to work, or maybe she was bored in her retirement age and wanted something to get her out of the house. But when I saw her resting after wiping each table, I quickly tossed out those assumptions and decided to start up a conversation. I went over, sat next to her, and said in a soft voice, “Hi.” She smiled at me and said, “Well, hello there, honey.” Her sweet smile and gentle-yet-raspy voice touched my heart. After a few minutes of chitchat, I had to ask a question. “How long have you worked here?” “Oh, for a little while,” she said. “Do you like what you do?” “Well, honey, I am just glad to have a job.” “Really? Why is that?” “Social Security and my husband’s pension just is not enough to live on, so I have to work.” “What? Are you kidding me?” “No, sweetheart. I wish I was.” “If you don’t mind, can I ask you a personal question?” “Sure.” “How old are you?” She sighed and chuckled before saying, “I am eighty-nine and will be ninety next month.” Tears welled up my eyes as I heard this. I was so upset at this injustice! I wanted to tell her to quit her job right then and there so I could support her and her husband financially.

Then the reality set in. I could barely take care of myself, let alone this sweet, elderly couple. Where were their kids and grand kids? Who was letting her work like that? What kind of a family did they have? There I was, twenty years old and looking at my possible future.

Now, back to that shocking information that I had learned briefly before meeting the McDonald’s lady. It was a statistic that 98 percent of the population will end up dead or dead broke by age sixty-five. Let me repeat that: 98 percent of the population will end up dead or dead broke by age sixty-five. Only 2 percent of the population will succeed financially.

As I have travelled around the world I have encountered scenarios similar to the McDonald’s lady’s time and again – people living life by default instead of by design, and working breathlessly hard throughout their lives only to end up broke at the end of their race.

Ninety-eight percent of the people I come across are miserable. They put on a game face to convince themselves and others that everything is okay, but it is not. They are working too hard, they are maxed out on credit cards, their marriages are unhappy, and they do not know how to handle their children. They are filled with regret and confusion and do not know how to fix the situation. They have no clue what the end of their path even looks like, let alone how to get there.

Number one, he said, “If you give me one excuse, I will not work with you.” Since that time – in the twenty-two years of being in business and working with tens of thousands of people from all over the world – I have found that people spend more time creating excuses than they do creating results. They spend more time justifying their failures and mediocrity than they do creating results. It takes so little time to create results, but most people spend more time coming up with excuses instead of creating results. Let me give you the definition of an excuse: a well-planned lie. 

At one point I was in a meeting with a man who was making $500,000 a month. It was a private board meeting with several men who were all making a lot of money, and they were sharing ideas. I thought it was an invitation to share ideas, so I piped up and said, “Hey, listen, I have an idea.” He slammed his hand on the table and said, “You are so stupid.” My blood started to boil, but I kept quiet. “How much money do you make?” he asked. “I am just getting started, sir,” I said. “How much money do I make?” “Half a million dollars a month.” “That is what’s wrong with you 98 Percenters,” he said. “You are so busy trying to size yourself up to my success that you’re missing the opportunity to learn from me. If I pay attention to your ideas, I am going to go broke just like you. If you pay attention to my ideas, you have a chance of making half a million dollars a month.”

How do you want to live? It’s up to you. Do not live your life by default – live it by design.

The media sold us the fantasy that buying is the way to be successful and wealthy. The part they did not tell us, though, was the pain, stress, and emptiness “stuff” brings. Or the money and time it takes to maintain and clean the five-bedroom house with six bathrooms. They didn’t tell us about the burden of debt and the stress it causes on a marriage. There is a lot of pressure that goes along with keeping up with “the Joneses.”

Here is a real easy rule of thumb for success and creating wealth. Find out what everyone else is doing and do the exact opposite. The masses historically are wrong, so go in the other direction.

I have a holistic approach to wealth. True wealth to me is accumulating money without sacrificing your marriage, kids, health, or fun.

I have discovered three things you need to know about money: • How to make it and more of it • How to keep it • How to turn it into your slave.

Money is always looking for a place to go. If you do not direct it, your money will get sucked into department stores, grocery stores, and the Internet. It will be sucked into those companies’ bank accounts instead of remaining in your bank account.

Will you be part of the 98 percent who are dead or broke at age sixty-five? Or part of the 2 percent who are living a wealthy, successful, favored life?

So what is your specialty? Is it gossip? Do you specialize in excuses? Sports stats, collecting fashion magazines, junk food, watching TV, Tweeting? Your specialty is where you spend your time. Unfortunately, 98 percent of the population spends its time specializing in things that don’t lead to wealth or happiness.

When you are an entrepreneur, you get paid for results. You do not get paid for time wasted with unproductive feelings.

Desire always reveals design and destiny. An eagle was designed to soar, and it has the desire to soar. The eagle was perfectly designed for it to soar. It was not designed like a chicken. It doesn’t have the desire to cluck around on the ground with a destiny of being deep-fried. Its destiny is soaring. Is the baby eagle designed with a skill to soar? Absolutely not. The baby eagle has to get on the momma eagle’s back and the momma eagle takes the baby soaring. Then the momma eagle tilts her wings and drops the baby off her back. That baby eagle flutters and, I am sure, has a heart that pumps incredibly fast. It works hard, yet it does not soar. It sinks fast in the air. But have no fear. Momma eagle swoops down, lifts the baby onto her back, and then soars up. She tilts her wings and lets the baby off her back again. She does this repeatedly, day after day, until the baby has the skill to fly.

Ego Keeps You Broke, Ego will render you broke for the rest of your life. Ego says, “That is not me” or “Gosh, I would never do a business like that” or “What would my friends think if I was doing something like that?” Ego says it is everybody else’s fault and takes no responsibility. Ego focuses on everybody else’s failures and not your own. Ego wants somebody else to pay for how you feel and somebody else to admit they were wrong.

Make a commitment to stop hurting people and to be someone who is building people up and creating good relationships. Be a source to other people. Be part of a rare breed of people who is achieving success and wealth while honoring others.

Why is it impossible to succeed without the Law of Forgiveness? Because there is one guarantee in life: We are going to face troubles with other human beings. So to succeed in life, in relationships, or in business, you have to know how to deal with people.

I had that sick feeling that I was supposed to do something I did not want to do. I knew it was the thing I was supposed to do, but I did not like the answer. I had to weigh my ego against my bank account. Desperation was not going to afford me the luxury of spending a year looking for the right business. I wanted desperately to be no longer homeless or a failure. I needed to change my life.

If I had ignored that weight-loss box in the back seat of my car and searched for something else to do, I do not know where I would be today. I am so glad that I was desperate and did not have time to be picky or to “find” my passion. I did what was in front of me, working with excellence and diligence. It was clearly worth it!

Then I had heard a voice say, “If you can be faithful with what I have given to you – Hans and the kids – then I will multiply your efforts.”

I have a question for you. Where is your focus today? When you are sitting at your place of work, whether you own the place or you work for someone else, where is your focus when you are at work? Are you answering personal phone calls? Are you texting? Are you Facebooking? Tweeting? Are you searching the Internet? Are you IM-ing – sending instant messages to – friends and forwarding joke e-mails to your office and personal friends? If you are doing any of those things, your focus is split in many different directions and you are not using the Law of Focus to your benefit. You would be amazed at how much more you can get done in your life when you focus.

The Law of Promotion is not just associated with influence and money, but it does correlate with time. If you waste time, you lose it forever. Time is something you never get back again, and it is more valuable than money. If you’re not faithful with your time, your life spins out of control. Your life gets sucked into destruction. Your life gets trapped in an unproductive cycle that destroys your confidence and eventually leads to depression. However, if you are faithful with your time and if you focus, you will be given more.

It is not always the products and services that make people happy. It is the relationship you have with them that makes them happy about being your client. How they feel about it is more important than the product itself. People are not loyal to the products, they are loyal to the people. If they like you, they will do business with you. If they do not like you, they will do business with somebody else.

If you want to be wealthy, you have to know how to sell. But selling is not about trying to get people to like you or buy your products; it is about building relationships and growing your influence. It is about honoring people around you. It is about making people feel valued. Influence is where sales take place.

It is so easy to influence people. It boils down to this simple thing: Give people what they want. What do people want? Everybody wants to feel special. Every human we pass by every single day wants to feel valued. They want to know they matter to somebody. It is easy to gain influence in another person’s life simply by valuing him or her.

Treat everyone like he or she is a friend. This is a very powerful concept. You are happy to see friends and happy to be with them. So if you treat all people with that same sense that you are happy to see them and you like being around them, the same energy is produced as with being with a friend. That is how you should communicate with every person you encounter. Your attitude toward people makes a huge difference. If you are flying on a plane, your feelings toward the airline will be very different if a flight attendant treats you courteously instead of rudely. We have all been talked to in a way that provokes us to give that bossy broad a dirty look and keep our cell phones on. We have also experienced the ones who are sweet and speak to us in a friendly manner, which makes us want to turn off our cell phones. The “Friends First” concept is simple. Talk to every stranger the way you talk to your friends. Be friendly, warm, and inviting. Use the same tone of voice and make them feel comfortable. This disarms strangers and helps them relax and become interested in you.

You can do this by asking questions using something I call FORM. “F” stands for family. “O” stands for occupation. “R” stands for recreation. And “M” stands for message. Asking people about their family, occupation, and recreation is a way to find out what people are interested in and to show interest in them. So get people talking about those three simple things.

When you are FORMing people, you are specifically looking for their SIGN. It’s not their horoscope – it stands for Strengths, Interests, Goals, and Needs.

You should honor, value, and recognize the people all around you, and act in your job as if you own the place and want the people to stay there. It is a natural progression that they will pick you when a management position opens because you are fair and good. You will have gained the people’s favor.

You cannot influence people or get to high levels of influence if your heart is not in the right place. Eventually, the truth comes out about exactly who you are. You will make decisions that will expose who you are, and what you build will not last. Your business will be shaky. You will not sleep well at night knowing you have manipulated people. You will develop a reputation as being untrustworthy and you will have to bribe people – with gifts or money – to be your friends. If you are going to be wealthy, be a wealthy person with an outrageous reputation for treating everyone well, not just the rich and famous or the important people. Be trustworthy in everything you do.

Instead of trying to get something from someone in return, have the larger view of trying to make a difference in the world and in your community. You will be amazed at the outcome and where it will take you.

I expanded my mindset to influence people not for selfish reasons but because I want them to have a better life.

If you have an appointment with a Sapphire, do not expect him or her to be on time. When you get upset with a Sapphire who is late, it is your fault for getting upset. That’s the way they are wired – love them for their strengths. Tell them thirty minutes earlier than you need them and bring your computer so you can get some work done while you wait. You will wait.

Emeralds can be more productive if they remember it is not about perfection, it is about getting the job done with results and testing the results. Why try to learn everything in advance when you may already have a baseline of skill and things you did not have to learn? You wasted time learning some things you did not need to, but if you test the results, you will see the areas where you need to focus.

Rubies always have to have the next step, a goal, or a challenge in front of them. They constantly have to be moving in a forward direction because that is what they were born to do.

The Law of Promotion means to prosper where you are planted. If you show you can be trusted with what’s in front of you, you will be made ruler of much. A lot of people think they will treat people a certain way when they are successful, or they will give to charity when they are wealthy. But you have to treat people that way now, and you have to give to others now. Invest in your job like it is your own company, and that’s how you will get promoted. Turn where you work into something better than it is. Ninety-eight percent of the population thinks they deserve a raise just for showing up. A raise means an increase – and you get an increase by increasing. You have to get better than when you got there, and you have to make it better. You have to make a difference instead of just sucking up oxygen and expecting a paycheck. Ninety-eight percent of the population wants to find a job that they love, but that is not how it works. If you find a way to love your job now, you will be given more. If you cannot manage your current job, how can you manage a bigger one? If you cannot manage your employees now, how can you manage them if your business grows? One of the basic steps to wealth is to take care of what you already have.

That same message has hit me in many areas of my life, from my marriage to my business: If you cannot respect and honor what you have now, and you do not take care of it, you will never graduate to the next place.

You have the ability to change your environment without changing your physical location. Your environment is in your head. It exudes out of your being. Hating your job never opens the vault to blessing, but it will decrease your production. It will open the door for you to gossip about your boss, to going on Facebook, to e-mailing friends, and to forwarding jokes while you are supposed to be working. Hating your job will cause you to avoid your boss and to avoid the people who are at the top and who need to see your good attitude, your good work, your excellence, and your diligence. Hating your job will never help you to become diligent or proficient or to find shortcuts that will help you raise the company’s revenue or to make you more valuable in the workplace.

Ask yourself every day, “How can I increase my value at the job?” This will happen with communication – communication with the boss and communication with other people. Build a foundation of making yourself incredibly valuable to your job, to the boss, to the company, and to clients. Is your boss frustrated with you, or does your boss feel as though he or she could not live without you? You become valuable to your boss if you get the job done and relieve stress for him or her. But it is more than just getting the job done – it is the working relationship. Do not think of your work as just a job, something you have to do. You are a partner on a team, and you want that team to be successful. When the time is right, sit down with your boss and have a frank conversation. First, thank your boss. Second, practice the Law of Value. Ask your boss: Show me, tell me, and coach me on what I can do better on the job to help this company succeed.

Thank-You Notes: When was the last time you wrote your boss a thank-you card? Learn your boss’s personality so you know how to communicate to your boss.

Many employees are trying to focus on twelve things at the same time: answering text messages, checking their personal e-mail, instant messaging their friends, forwarding e-mail jokes to a couple of co-workers and friends, listening to the news, and checking their Facebook page – all while trying to work. When you have your focus divided in all of these directions, you are totally unproductive.

To get a raise you have to raise your value to the company. There is always a way to make yourself more valuable so your boss wants to pay you more for doing the same thing.

I taught you to honor people by FORMing them – asking about their family, occupation, recreation, and message – as well as asking about their signs – strengths, interests, goals, and needs.

The most common question I get is, “Dani, how did you do it? How did you go from homeless to making millions?” My answer is always the same. I decided never to return to being broke again. I decided not to end up like those who had raised me. I decided not to be the failure everyone said I would be. I decided no longer to be the failure I had become.

When you make a solid decision it is always followed by action, and action leads to success.

If I were a chiropractor, I would say to every potential client, “There are a lot of people who are in pain yet not deadly serious about their health. I am just interviewing for a couple of clients who are truly serious about attaining good, solid health to make sure they are going to go the distance with me. How serious are you about getting your back straightened and living a pain-free, healthy life? I am after your long-term health. I want to get you well so we don’t have to see each other very much.” That is turning the tables on the prospect. They are expecting you to sell to them, so don’t. Make them want you instead. I was no longer selling. I was interviewing, and that’s how you have to think if you are marketing something. You have to interview instead of sell. Selling causes people to guard their wallets. Interviewing causes them to impress you and tell you why they need you, versus your having to tell them why they need you.

There is a philosophy out there of finding something that’s within you, what you would like to do. If I had followed that line of thinking, I would still be homeless. Did I like sales? Heck no. Was I good at it? No. Was it one of my natural-born talents? Oh, my gosh, no! What were my natural-born talents? I didn’t have any!

You do not have to love what you do. Start where you are.

Do something that makes a profit. Or find somebody else’s profitable idea and do that. For example, housekeepers are a dime a dozen. What could you add to make your service a little different from every other service in the area?

Some people go in and out of being teachable. Most people start off unteachable. They say, “I’ve got it all figured out.” But it takes failure to bring people to a place of being teachable. And usually then they only stay teachable until they have a little bit of success. Once they have that little bit of success, they figure they have the rest dialed – until they fail again. So they go on this rollercoaster – and some never get off the rollercoaster to be teachable.

Entrepreneurship is people and finance.

Financial pressure is not a great way to start a business for most people. Some of us can do it. Sometimes it is the financial pressure and the squeezing out on all sides that makes you desperate enough to drop your ego and do whatever it takes to be able to make money. But if you are spending eight thousand dollars a month, you are not there yet because you will start a company and spend the same way you do now.”

This process is the pathway to bigger profits. It has three simple steps: increase exposure, increase conversion, and increase scalability.

Testimonials need to be short, quick, and to the point. They need to be about the results of the product/service and the problem that has been solved for your clients who use it.

You cannot have the attitude that just paying them is enough because people care more about recognition and approval than money. Edifying them makes them feel special and important, and that means more to them than the actual paycheck they receive.

As an employer and would-be employee-preneur, it is also important for you to have systems in place that reward others for their efforts. You want to be able to pay your people well and to have a bonus structure in place that will help motivate your internal team.

I had a massive awakening. My things had consumed my life and I hadn’t even realized it. I saw that I was crippled by greed. I was a slave to money and a slave to recognition. I had grown up in poverty and although I had made millions of dollars, I still had the poverty mentality, which spends everything that is made – and for what?

Wealth is accumulated and then passed down for generations to grow the wealth even bigger. I was accumulating stuff instead of wealth. You kick poverty when you are able to keep the money. It has nothing to do with how much you make. It has everything to do with how much you spend.

Do not pass down debt to your children who will pass it down to their children. Instead, choose to pass down wealth, which is what I believe you were designed to do. Choose to give them the gift of wisdom of accumulating wealth and understanding how money works and the freedom that it brings.

You were designed with wealth in mind. We know that to be true because the Law of Desire states that if you have the desire for wealth, it is because you were given the design to have wealth. You bought this book, First Steps to Wealth, because you have a desire to become wealthy. When the Great Designer put you together, he did so with all that I showed you in Chapter 1. The desire is not for stuff; it is for freedom.

Your monthly income is supposed to grow something, just like a seed, but most people live from paycheck to paycheck, which means they are eating all of their seed. They have nothing to plant and grow. Your seed is supposed to reproduce itself. It is not supposed to be all eaten. But instead, people spend their money on cell phones, televisions, food that goes to waste, and clothes they do not wear left hanging in their closets with tags still on them.

Another question, how did we ever get suckered into financing a depreciating liability?

Ninety-eight percent of the population has lived under a false sense of wealth because we can afford to waste money.

Only 2 percent truly understands wealth. Ninety-eight percent of the population will eat all of their seeds. Money is seed. It is supposed to multiply, and it cannot multiply if you are consuming all of it. You have to stop being a consuming human being and start being an income-producing human being.

Do you know what happened to the money you made in the past five years? Two percent of the population knows exactly where the money goes. Ninety-eight percent of the population doesn’t have a clue.

You have been allotted a certain amount of money every single month. You exchange your skill for that money. This money is the financial territory you are in charge of governing. Let’s say your allotment is two thousand dollars a month. If you are faithful with that two thousand dollars a month, then it is going to good use and you are multiplying the money. When you are multiplying the money, you will be given more financial territory to govern. But if you spend all you make every month, you will not be given more territory. You have to be faithful with the two thousand dollars a month to get four thousand dollars, to get six thousand dollars, to get ten thousand dollars, and to get a hundred thousand dollars a month. Once you realize that this is the financial law and you start playing by the rules, you will start gaining more financial territory and accumulate wealth.

Two percent of the population knows exactly where the money goes. The other 98 percent hasn’t a clue.

The 98 Percenters use credit cards to buy stuff, whereas the 2 Percenters use credit to build wealth.

If you are financially independent, you can have the big house or five Lamborghinis if you want. Live the life you want to live. But if you are in debt, you do not have the right to be shopping at the mall every week.

Your debt-free lifestyle is in your pantry, closet, and garage. You have the money for a dream vacation, but it is wasted in small things.

All debt is based on greed. Your mortgage is also a type of debt. As I said in the last chapter, your mortgage is making the bankers rich, while you are enslaved in debt, paying interest.

Give a dollar for every ten dollars you make, and your needs will always be met. The wealthy use this principle.

Debt is evil. When you have debt, you become a slave to money.

The impoverished spend their money on stuff. Middle-class people spend their money on what they think are assets, but it is really just stuff. The wealthy invest their money on income-producing assets.

Invest in what you know. Investing is all about risk; it is all about calculating and running your numbers. It is about learning new skills.

Do not buy according to ego, but according to what is wise. Buy below your means, not above. Buy an older, small two- or three-bedroom house and rent it for almost double of what your mortgage will be.

I only possess the skills I have because He wrote how to get them. Everything I have talked about in this book came from the Bible.

When I finally came to God, I realized I had been practicing a lot of His principles already, and I did not have to be a pastor to do God’s work. I decided to read the Bible and seek the answers myself. I learned that Abraham was a wealthy businessman, not a pastor or an evangelist. Isaac was also a wealthy businessman, and Moses was a politician and judge. He was not a pastor as we see pastors today. He looked and dressed like an Egyptian and I believe he had tattoos. He would be harshly judged today by many churches in the world that care more about their rules of how to dress and how to look like a “good Christian” than they do about what the Bible really says. Joseph, a former slave, learned how to become an architect and business manager. He managed laborers and did engineering. He was an excellent administrator and had some incredible accounting skills. He was not a pastor. He too looked like an Egyptian with tattoos, short skirts, a wig, and eyeliner. He looked so much like an Egyptian that when his brothers saw him after being separated for many years, they did not recognize him. They thought he was the Egyptian ruler, and in reality he was. These famous men who have been talked about for thousands of years were not the heads of a modern church -those structured buildings and organizations did not exist then. God used everyday average people with professions in the marketplace to develop a people, and He raised up an army that would impact people’s lives for the better. David – the apple of God’s eye, the one God promised that He would establish His kingdom forever – was a political leader, singer, songwriter, military leader, and businessman.

It is almost like your timeline gets synced with God’s. It is the right whisper in your heart at the right time. It is the right voice in your head that gives you the exact answer you were looking for. That voice speaks to you when you train yourself to listen to it and obey. That voice wants to bless you so much that you fall to your knees and thank Him for everything He has done.

Your business and work are also ways to impact people’s lives. What kinds of seeds are you planting there? What will people be saying about you fifty years after you are gone? Will they even know who you are?

Although Hans and I make money in our businesses, our business model has always been about helping other people. We are making a difference not only with our staff and our employees and their families, but also with our clients.

You will never be able to convince your family that your crazy ideas or your new mindset is the way they should be thinking. It is like a crab that is trying to get out of a bucket, and the rest of the crabs try to pull him back down. Some are jealous; some are scared for you – they are overprotective because they do not want you to fail; and some maybe have an inkling that you might succeed and your success will make them look bad. Whatever their motives are, none of that really matters. What matters is this: The only thing that determines success is results. So do not try to convince your friends and family to dig into all of this information and to buy investments or start a business. Get results – they speak louder than anything you can say. When your friends and family see your results, they will be begging for you to show them how. That is how you will get their attention.

 

Summary: Rich dad, poor dad – Robert Kiyosaki and Sharon Lechter

Summary, Rich dad, poor dad - Robert Kiyosaki and Sharon Lechter

 

Most people fall into the trap of building liabilities without realizing that’s what they are doing, they are financially illiterate, and fail to understand the difference between an income statement and a balance sheet, and the relationship between the two.

Having a good career only helps a person become more financially secure if they invest the additional money generated in the purchase of income generating assets. What constitutes an asset? An asset is anything that: Has value. Produces income. Appreciates in value and has a ready market for resale.

An important distinction is that rich people buy luxuries last, while the poor and middle class tend to buy luxuries first.

Specialization is a trap that should be avoided. It’s more beneficial to know a little about a lot of business subjects than to know everything there is to know everything about just one area. By having a broad business background, you have more options available to you.

‘‘Do what you feel in your heart to be right — for you’ll be criticized anyway. You’ll be damned if you do, and damned if you don’t.’’

The rich look at a loss as a temporary setback. The poor look at a loss as a permanent state of affairs.  “I always try and turn every disaster into an opportunity.’’ –John D. Rockefeller

As a general rule, successful friends will enjoy talking about money — it will be a subject they’re interested in and well read on. By contrast, unsuccessful friends will often avoid the subject like the plague –you’ll learn by observing what they do than you will by discussing things with them.

 Make your investments freehold. Whenever you make an investment, your first goal (naturally) is to buy something that will increase in value. As that occurs, liquidate part of your position until your original capital has been repaid. You can now stop worrying about market fluctuations, because your capital has been returned. At this happy point, your asset is now completely freehold. Any further gains are the icing on the cake, or if the asset starts to lose value, it really won’t impact on your financial health — it will just delay the accomplishment of financial wealth.

 

The Social Capitalist: Passion and Profits – Josh Lannon

The Social Capitalist - Josh Lannon

We raised the capital, created new jobs, designed a business that made sense, grew a healthy bottom line, and assisted people in the process. We are Social Capitalists

Social Capitalists have the strength to face problems that send others running. We know that the government can’t solve all our problems. We know that they can’t give our power away by becoming dependent on governments and large corporations for our well-being. We take charge of our own lives, and create our own solutions while creating a path for financial security, putting ourselves and others the fast track toward financial freedom.

If you were to take a leap of faith, to follow your heart, your passion, and your intuition, what could happen? What would the results of this be five years from now? And if you did nothing, what would those results be in five years?

“There are lots of 501(c)3’s out there that are currently operating off the kind of model that says, ‘I’m doing good in the world, but I’ve got to go to foundations and get money from them in order to keep doing what I’m doing,’” says Holthouse. “But that model is a dinosaur, and it isn’t going to last much longer. Every group that wants to address a social issue is going to have to operate like a real business. They’ll have to operate with budgets, revenues, and services that they provide. They’ll have to operate as any business would. The profits may not be distributed to shareholders, but would be reinvested back into the organization so that it can increase the number of people it serves or improve the quality by which it serves people.”

“I think social entrepreneurs share the trait that we don’t think we should need to starve to make a difference,” says R. Christine Hershey,

“One of the reasons we haven’t solved the world’s biggest problems is that folks in those sectors are underfunded.”

The triple-bottom-line philosophy comes up frequently in discussions of social entrepreneurship. The three prongs of this triple bottom line are typically referred to as “the 3 P’s”: People, Planet, and Profit. Social enterprises aspire to a bottom line that achieves social mission, benefits or does no harm to the planet, and still earns a profit.

For us, our triple bottom line morphed into “social value, profit, and freedom”

“I thought I’d put med school off for a couple of years, but obviously that’s become indefinite,” says Kreece, reflecting on the triple-bottom-line social enterprise which, in September 2003, became incorporated as Better World Books, Inc.

I think the biggest social enterprise in the world might be Google, because social organizations improve the world by their existence and are absolutely profit-maximizing.”

BiddingForGood.com

The government was not designed to financially support people. Governments were designed to create laws that protect entrepreneurs. Businesses are designed to provide jobs, goods, and services, which contribute to the GDP and provide value to humanity and the economy.

A major mistake people often make is by asking the wrong person for advice. We would not ask a three-time divorced individual for marriage advice, or an employee about becoming an entrepreneur. Choose your advisors carefully.

“Lasting peace cannot be achieved unless large population groups find ways in which to break out of poverty,”

Starting a business takes a tremendous amount of time, energy and dedication. While having a newborn, working 12 hour shifts, plus working on the business times full time, throwing in the towel may have seemed like a easy way out. But to have the freedom we wanted and to be a part of the solution, I knew we had to keep going.

So if we’re going to give you any advice about becoming a Social Capitalist, here it is: Find your why, dedicate everything to it, and trust the process. In the end, your “why” is the most important thing you’ll have, and it will change your life forever.

Thought If your motivation to work is money, you are a slave to money. If you’re working to achieve a mission, you are free. Money is just a by-product of doing something you love and feel connected to.

For us, obviously, the fight against addiction is personal and dear to us. It wouldn’t make sense for us to open an animal rescue center or improve irrigation systems in third-world countries. Although very important, we are not driven to invest the countless amount of time, energy, and passion that would be required to launch those enterprises. Hearing about a problem, following your family’s passion, or being moved by it doesn’t mean it’s the best foundation upon which to build your own social enterprise. Our point here is that it must be personal for you, something tied to your heart, your memories, your passion, and your history. Fight your fight, not somebody else’s.

So addiction was both our nemesis and our driving force.

In a study about the mindset of children toward people with disabilities, Harvard psychologist Ellen Langer visited a school and presented children in several classrooms with a picture of someone in a wheelchair. She asked the children, “Can this person drive a car?” Overwhelmingly, as you can imagine, their answer was “no.” Then, she visited different classrooms, and in these, she changed the question to, “How can this person drive a car?” Well, as children typically do, they were able to provide Langer with a multitude of creative answers to that question.

We didn’t just want a different life, or desire wealth. We chose it. It’s an incredibly empowering idea. That one little distinction, that one-word difference portrays a canyon-sized chasm between wishing for something and making it happen. We chose this life; we made a declaration, took control, and commanded the universe to provide that for us. Choice became our way of life. And that word had a trickle-down effect in all aspects of our lives. We choose the words we use, the thoughts we have, and the actions we take.

We realized that once we chose to be rich, not only did it set us on a course of continual lifelong learning; it affected every other choice we made. From where we worked to how we spent our time, to the people we associated with, to our unwillingness to let failure of any sort stop us, we had made a choice and we weren’t going back on it. To us, putting our choice into action, making the tough decisions, doing the difficult things was what it meant to choose to be rich, in health, wealth, and happiness.

So here are our tips for identifying, and successfully fighting, your fight:

  1. Take at least ten minutes and write down what makes you upset. Then ask yourself, “Why?” If you ask that enough times, you will discover your core fight.
  2. Look at the words you use. Write a list of words you use repeatedly. We all have words that take over our vocabularies, our “go-to” words. They are called parasite words. Are you addicted to them? Ask yourself, “Are these words giving me energy or taking energy away?” Then choose words that give you power, words that heal and change how you think. You’ll be surprised at the benefits this will have on you and those around you

“What investors want is the equivalent of lighting a match in a room where a propane tank has been open for 20 minutes.” – Jon Carson, CEO and Chairman, BiddingforGood.com

The not-for-profit (or nonprofit) corporation is familiar to most. Upon obtaining a 501(c)(3) designation (named after the applicable IRS code section), certain tax benefits are granted. Contributions by supporters are tax-deductible. Any monies raised by the nonprofit are tax-exempt. So a 501(c)(3) charity that raises $10,000 from each of its ten donors won’t pay taxes on the $100,000 raised, and the ten donors will each get a tax deduction on that $10,000 contribution. A nonprofit that pursues a clearly defined charitable purpose and follows all the rules will be fine. But there are certain restrictions that limit the usefulness of nonprofit corporations. First, they can’t distribute their profits, which makes it impossible to attract investors. You will never hear someone say: “You can’t believe the dividends I’m raking in from Ronald McDonald House!” It simply doesn’t work that way. As a contributor to a 501(c)(3) nonprofit corporation, your dividends are spiritual (doing good) and practical (reducing your income tax bill), but they are not actual (cash back). Additionally, in spite of the United Way scandal pertaining to misuse of funds, nonprofits must limit the amounts they pay their employees. Thus, it’s much harder for nonprofits to bring in, benefit, and keep talented people. Social Capitalists seeking to solve big hairy problems will need the best and the brightest, and they are going to have to pay them. The need for world-class human capital makes nonprofits unsuited for the big challenge. Finally, the nonprofit rules limit activities that generate revenue. Sustainable and expanding operations that are the norm in the private sector are severely restricted by the federal tax laws in the nonprofit realm. So the need to attract investors, pay talented people, and grow a business, along with the need to benefit groups other than exclusively shareholders, led to the creation of the Benefit Corporation.

“One of the big things I learned is that there are really two kinds of learning. When most Americans think of education, they immediately jump to school—reading, writing, and math, the great equalizers. But when you do the research and see the studies, academic success has almost no correlation to life success. There’s some, but hardly any.

 

Money Secrets of the Amish – Lorilee Craker

Money Secrets of the Amish - Lorilee Craker

Use it up, wear it out, make do, or do without.

To pay someone on time is an extension of the commandment “Do not steal”, if it is due on the tenth and you pay on the fifteenth you are stealing that man’s money for five days.

Without a stash of money set aside, there is nothing standing between us and very stressful times.

P.T. Barnum: If you have money saved in the bank, you will wake up richer every morning than you were the night before.

P.T. Barnum: Money is in some respects life’s fire: it is a very excellent servant, but a terrible master.

P.T. Barnum : As a general thing, I have not ‘duped the world’ nor attempted to do so… I have generally given people the worth of their money twice told.

P.T. Barnum : No man has a right to expect to succeed in life unless he understands his business, and nobody can understand his business thoroughly unless he learns it by personal application and experience.

Los Secretos del Hombre mas Rico del Mundo, Carlos Slim

Los Secretos del Hombre mas Rico del Mundo, Carlos Slim

Los Secretos del Hombre mas Rico del Mundo, Carlos Slim

Creo que la pobreza no se puede enfrentar a través de dádivas No puedes luchar contra este flagelo mediante donaciones deducibles de impuestos o con programas sociales. La pobreza la enfrentas solo con buena educación y con puestos de trabajo.

Como regalo de bodas Slim recibió un millón de pesos de parte de su mama, patrimonio con el cual compro un terreno en Polanco. Según la costumbre libanesa era para construir la casa de la nueva familia. Pero la nueva pareja concibió una variante de esa tradición: construyeron un edificio donde ocuparon un piso y rentaron los otros departamentos.

*** El secreto de este moderno rey Midas para hacerse multimillonario surgió de su admiración por la filosofía de algunos grandes financieros como Jean Paul Getty, Benjamin Graham y Warren Buffet.

Slim asimilo las enseñanzas de Benjamin Graham quien sostenía los siguientes principios:

El inversionista debe ponerse alguna clase de limite en el precio que paga.
Mucho mas importante que saber cuando comprar o cuando vender es saber cuando NO comprar.
Nadie le pregunta a un experto como conducir los negocios y su vida… menos la bolsa.

Existen tres ámbitos donde una persona educada debe conducirse como un descerebrado: la religión, la bolsa y las matemáticas En los tres casos no solo “queda bien” considerarse un perfecto ignorante, sino que incluso es de mala educación discutir.

En pocas palabras: El empresario solo es un administrador temporal de la riqueza.

La ocupación desplaza a la preocupación y los problemas al enfrentarlos desaparecen.

“La riqueza es como un huerto. Tienes que compartir el fruto, no los arboles”.

Slim fue de compras en medio de una de las mas severas crisis económicas de la historia moderna mexicana. Esto es, mientras los inversionistas extranjeros y locales intentaban deshacerse de sus activos a cualquier precio, Slim hizo lo contrario: compro empresas de minería, tiendas minoristas, fabricas de cable y mucho mas. Precisamente durante la crisis, construyo el mayor conglomerado económico del país: el Grupo Carso.

“Los malos tiempos son buenos, si sabes que hacer con ellos:  Era el mejor momento, nadie quería comprar y todos querían vender”.

Bajo la óptica de Slim los negocios son simples:

  1. Cuida a tus clientes.
  2. Invierte mucho.
  3. Controla tus costos y tus gastos.

Los diez principios básicos de su imperio, fueron tomados de las enseñanzas de su padre, Julián Slim Haddad:

  1. Estructuras simples, organizaciones con mínimos niveles jerárquicos, desarrollo humano y formación interna de las funciones ejecutivas. Flexibilidad y rapidez en las decisiones. Operar con las ventajas de la empresa pequeña, que son las que hacen grandes a las grandes empresas.
  2. Mantener la austeridad en tiempos de vacas gordas fortalece, capitaliza, y acelera el desarrollo de la empresa, asimismo, evita los amargos ajustes drásticos en las épocas de crisis.
  3. Siempre activos en la modernización, crecimiento, capacitación, calidad, simplificación, y mejora incansable de los procesos productivos. Incrementar la productividad, competitividad, reducir gastos y costos, guiados siempre por las mas altas referencias mundiales.
  4. La empresa nunca debe limitarse a la medida del propietario o administrador. No sentirnos grandes en nuestros pequeños coralitos Mínima inversión en activos no productivos.
  5. No hay reto que no podamos alcanzar trabajando unidos, con claridad de los objetivos y conociendo los instrumentos.
  6. El dinero que sale de la empresa se evapora. Por eso re-invertimos las utilidades.
  7. La creatividad empresarial no solo es aplicable a los negocios, sino también a la solución de muchos de los problemas de nuestros países Lo hacemos a través de las Fundaciones del Grupo.
  8. El optimismo firme y paciente siempre rinde frutos.
  9. Todos los tiempos son buenos para quienes saben trabajar y tienen con que hacerlo.
  10. Nuestra premisa es y siempre ha sido tener muy presente que nos vamos sin nada; que solo podemos hacer las cosas en vida y que el empresario es un creador de riqueza que la administra temporalmente.

*** Me recomendó dos libros, How to be rich de Paul Getty, y Supermoney de Adam Smith.

Todos los que suenan con el éxito quisieran que Carlos Slim les confiara como hizo su fortuna hasta llegar a la cima. Ante esto Slim responde que no hay nada oculto, que su secreto consiste en trabajar, ahorrar e invertir.

Cuando Slim es interrogado acerca de que se siente ser el hombre mas rico del mundo, Slim ha respondido “se trata de un asunto que no tiene relevancia por que no es una competencia, no estoy jugando fútbol Al fin al cabo nadie se lleva nada de este mundo al morir. Sin embargo la riqueza debe ser administrada con eficiencia, probidad, eficacia y sobriedad.

…en ese entorno se destaca la escultura “Los últimos días de Napoleón”, acerca de la cual Slim ha dicho a sus amigos que “esta ahí para que no se olvide tener los pies en la tierra”.

Para los autores de “The Millionaire Next Door” cerca del 80% de los estadounidenses que han logrado riqueza ha sido a través de la acumulación de un dólar a la vez, trazando y siguiendo un plan para volverse millonarios, con mucha autodisciplina, habilidades y sin perder el enfoque de sus objetivos. Lo importante es dar el primer paso, pues el primer millón de dolares es el mas difícil de conseguir.

En todo caso, cual seria su legado?
– “Mi principal legado serán mis hijos. Muchos piensan dejar un mejor país para sus hijos, yo pienso dejar mejores hijos para mi país”.

El investigador, seguramente, querría enlistar los secretos de este guru financiero que lo llevaron a ser el hombre mas rico del mundo, pero encontraría solo uno: negociar de manera inflexible hasta el ultimo centavo.

“Mi padre, me inculco principios morales y de responsabilidad social muy claros. Actuar con la mas estricta moralidad y honradez.”

A finales de 1952, cuando yo tenia 12 anos, y con el fin de administrar nuestros ingresos y egresos, mi papa nos estableció la obligación de llevar una librea de ahorros, que revisaba con nosotros cada semana.

“Si mis hijos hubieran querido ser boxeadores o atletas tendrían que haber competido entre ellos. Pero en la vida real para conseguir tu felicidad no necesitas competir contra nadie?

Killing Sacred Cows – Garrett Gunderson

Killing Sacred Cows – Garrett Gunderson

 

 

Killing Sacred Cows – Garret Gunderson

If I have a book, and you have $20, and we mutually decide to exchange my book for your $20, what was the book worth to you? What was the book worth to me? Most people answer that the book was worth $20 for both you and me. This is wrong, we only give up something in an exchange when we value what we are receiving more than we value what we are giving up. The book was worth more than $20 to you, and the book was worth less than $20 to me.

There are finite dollars, yet infinite value can be exchanged with that finite currency. One dollar can become millions, if I buy something from you for a dollar, you can take that dollar and buy something from someone else, who can then use it to buy something else and so on…

Exchange can only occur in an atmosphere of disagreement. In a free marked, the final sale price of any object is always an amount that the seller and the buyer both disagree that the object is worth. This principle is vital to overcoming the myth of scarcity, because one way we create infinite value is through the process of exchange. Just as we can exchange the same dollars an infinite number of times so we can exchange any and every form of material wealth. The value is not in things, it is in the minds of people XXX

Ideas are not and will never be scarce, and ideas lead to innovation, which leads to increased efficiency and the ability to use resources in ways that were previously unimaginable, as well as the creation of new and better resources. Human ingenuity is like a piano: although there are a finite number of keys on a piano, there are infinite ways to combine the notes they play to create music.

If we want to prosper, we must learn that happiness does not come from material things. We must become aware that happiness comes from the inside.

James Allen wrote “Men do not attract that which they want, but that which they are”.

Utilization means we stop waiting for financial freedom to come to us and instead become proactive in creating it ourselves, right now.

The fear the accumulation theory perpetuates keeps us from putting our own resources to use and keeps us chained to financial institutions.

Robert Castiglione, the founder of LEAP system of financial engineering teaches that financial institutions operate under four rules:

  1. Financial institutions want our money.
  2. They want it on a regular, systematic basis, preferably through automatic withdrawal.
  3. Once they have our money, they want to hold on to it for as long as possible, hence the withdrawal restrictions.
  4. If they have to give it back, they want to give back as little as possible.

Accumulation puts too much emphasis on cutting expenses to build our nest egg as opposed to increasing productivity and creating value in the present for ourselves and others, yet the way to to provide for security is to cultivate the ability to produce value in the world under any set of circumstances. The way for you get what you want is to give others what they want; to make yourself valuable to others.

Most people who place money in the stock market have no idea what their money is doing. The way most people “invest” is like someone who after playing craps at a casino, makes bets based on how he has seen other players win. Yet the financial pundits continue to refer to these people as “investors” and the “investors” continue to feel good because they are doing what everyone else is doing and don’t have to think much about it. Anything that involves that amount of risk and uncertainty is nothing more than gambling. I define investing as anything we do that we can control, of which will safely yield a profit.

The way to overcome the accumulation myth and start utilizing our assets to their fullest advantage is to understand the following:

  • How to seek value creation rather than practice frugality
  • The difference between producing in the present and deferring life to the future
  • The velocity of money
  • Cash flow versus net worth.

In a world of cause and effect, value creation is a cause, and money is an effect. Money is not power, it is merely a representation of value. Money is never manifested and exchanged until value is created, and thus is an expression of value creation.

Focusing on accumulating money is like wanting to harvest the fruits of a tree while ignoring the roots.

A more productive way of thinking begins by asking the questions “what can I do today, right now, to increase my productivity?” “How can I immediately be the most productive with my current resources?” “where is there discontentment in the world that I have the ability to alleviate in this moment?” “How can I be a steward of my money instead of turning it over to someone else and abdicating my stewardship?” “How can I use my assets to live my Soul Purpose and increase my human life value?”

There are two ways in which the velocity of money can increase:

  • The more exchanges made with the same dollars, the more wealth is created. ( pricing a book 19 instead of 100 )
  • The more simultaneous uses we find for each individual dollar, the wealthier we become. ( Real estate, asset, rent, tax deductions, home for my business, appreciates, etc )

One of the most destructive lies that we can fall prey to is thinking that having more money will change us. Many people fear wealth because they think that it will change them for worse, and still others invite wealth because they think that it will make them happy. The amount of currency available to you does not nothing but make you more of what you already are. If you are naturally generous, increased wealth will simply give you greater opportunity to be generous. If you are greedy, wealth will do nothing but manifest your greed even more clearly. If you are not happy without money, you will never be happy with it. Money is important and useful, but if you think that money will fix your problems, that thought is the problem.

If all of use were to wait around for the government to take care of us, who would be left to actually do the care taking? Any time we depend on the government to solve our problems, we are actually expecting our neighbors to solve them.

Capitalistic owners think they can do whatever they want with their property, extreme environmentalists think that we should use the earth as little as possible. The balance between those two extremes is Stewardship. Stewards understand that material resources can be used for their benefit and that of others, without exploitation, and in safe sustainable and balanced ways. They take care of the earth ant their material resources in the same way that we drive cars that are not ours, with care not to damage them. Stewards are the types who plant two trees every time they cut one down. They leave everything better than how they found it.

Stewardship: the responsibility to take care of our resources to ensure that they are sustainably managed for current and future generations.

Owners will often say thinks like “this is my house” or “this is my business, I built it and I will do whatever I want with it”. Stewards on the other hand, learn to submit to a higher rule, and with that submission comes increased responsibility for how they use their resources.

We must take action on what we have learned, putting our lessons into practice and changing our habits to constantly improve ourselves What we know and do not act on cannot help us.

Soul Purpose is the answer to the question “what would you do all day long whether or not you got paid to do it? Finding that answer could be a lifelong journey for some.

Producers are responsible, innovative and creative people who create all of the products and services that we buy and use. They are more concerned with giving than with receiving. They practice enlightened self interest, the belief that the way to bring ourselves the most happiness is to serve others. They are happy, wealthy and successful or they are on their way to becoming so. Producers lift, bless, serve and contribute to everything good in the world. Producers always leave things better than they found them, even if they were not responsible for the destruction they fix.

Producers apply their minds and education to learn which financial tools and resources will help them create maximum value in the world even if they are sick, disabled or dead.

While a major concern for consumers is to reduce expenses at all costs, the primary concern for producers is to create maximum value.

We see so many political policies designed to help people, when in fact they don’t do much that perpetuate poverty. Its easy to hand people money, but more difficult and much more charitable to reach into their lives, their minds, and their hearts to give them value that will actually help them to transcend their limitations and circumstances. We can teach them a skill, provide them with good books or other educational opportunities, give them responsibilities and guidance on how to fulfill them or connect them with other people who may be able to help them.

Money is simple a means of exchange, a representation of value, it is not intrinsically valuable. Money does not control our lives or dictate who we are.

Money is the byproduct of value creation, representing the exchange of value between people. In its most basic form, money is currency, a way to represent value that aids in economic transactions.

Currency is the paper and metal we use to exchange for goods and services. People created currency to aid the efficiency of economic transactions. It is not the value itself, it represents value. Its like a language. Language is nothing but sounds that we use as symbols for the purpose of communicating concepts deeper than the symbols we use. For example the word “tree” in English refers to a tree, but in Mexico “arbol” refers to the exact same thing. The important thing is not the symbol, but what the symbol represents. The value is not in the symbol but what the symbol represents.

A million green paper rectangles cant create lasting change in a persons life any more than a language can. Its how we use the symbols that makes all the difference. And we use currency as a global symbol to represent value. 

The value is in the minds of people, not the currency. Nobody wants currency; they want the things that can be bought with currency. 

When people or institutions claim that they need more money in order to be more effective and productive, more often than not what they actually need is better management rather than more money.

*** John Stossel, ABC News Jan 13 2006 entitled “Stupid America”

We earn money in one of three ways: deception, coercion, or value creation. The mansion is a cause, its the effect of one of these three things. And until we know the person intimately, and know what was done to earn the mansion, we have no right or ability to judge the cause of a person’s wealth or judge what he should do with it once he has earned. it.

We find ourselves judging the rich for being wealthy, and judging the poor for being poor, and all based on their material possessions that we see with our eyes. But without actually knowing a person intimately, understanding his intentions, purposes, mission and mindset, we have no way of accurately judging his life.

Having more money does not change our fundamental nature. If we are naturally greedy, more money will allow us to be more greedy. If we are charitable by nature, more money will give us more opportunities to be more charitable. The point is that we must become our ideal selves in the present moment, regardless of the amount of money that we have. Money can neither save us nor damn us, that choice is up to us as individuals.

My belief is that if people are truly spiritual and want to help others, they should do all in their power to become as wealthy as possible; the wealthier they become, the more people they can help.

If you want to prosper, you must stop thinking about money and instead start thinking of ways that you can create maximum value for as many people as possible.

John D Rockefeller: “ God gave me money. I believe the power to make money is a gift from God to be developed an used to the best of our ability for the good of mankind. Having been endowed with the gift I possess, I believe it is my duty to make money and still more money and to use the money I make for the good of my fellow man according to the dictates of my conscience ”

Financial institutions have reduced financial success to a matter of gambling, pure and simple. Why do they want us to believe this? What is in it for them? And why do we swallow the bait and take on their risks, especially when the wealthy do the exact opposite of this? What is the truth of the matter? How can we get safe, sustainable, and high rates of return without high risk?

Create a daily routine to increase your knowledge. Experience new things. Find a mentor or pay an expert to shadow you and critique your habits and techniques. Whatever you do, always remember that the gap between your ears is the most important place on which to focus your time and effort.

Financial institutions examine, scrutinize, and analyze every investment decision they make to ascertain that they will profit. They never blindly throw money at opportunities and just hope that, because its risky, they might make a lot of money. They know exactly how they are going to make money, and usually they know within a very close range how much money they will make.

(Compare for instance all the measures the bank takes when you apply for a mortgage – credit score, secure investment with collateral, require down payment, interest rate, payment, time period, penalties, verify work history and income, exit strategy in almost any scenario possible, transfer the risk to you in any way possible – with your measures when you invest in mutual funds – you are gambling, and the bank still makes money if you lose!)

Kiyosaki teaches that the poor say “I cant afford it” while the rich say “How can I afford this?”

We vote with our money; every dollar we spend is a vote for the kind of world that we want to live in.

The human mind is incredibly powerful, yet it must be consistently trained and guided if we are to truly tap its limitless capacity. An excellent way to facilitate this mental discipline is to consistently ask ourselves the right questions. Our brains are designed to answer the questions we pose them. The types of questions we ask determine the answers we receive. By learning to consistently ask the right questions we can access power we never knew we had.

Franklin Jones: “A bargain is something you cannot use at a price you cannot resist”

“How many of you would pay more than a hundred dollars for a hundred dollar bill?” We do this every day of our lives by purchasing on credit!. ( There are times when it is more productive for us to pay interest for the privilege of being able to purchase it immediately, for ex, real estate )

We don’t live by design, we live by default, and that is a life where unconscious exploitation is the rule. Like sheep, we graze in stifling pastures surrounded by sacred cows instead of breaking through the limiting fences built with myths to create freedom in our lives.

Marcel Proust: “The real voyage of discovery consists not in seeking new lands but seeing with new eyes”.

The Wealthy Barber Returns – David Chilton

The wealthy barber returns - dave chilton

 

The Wealthy Barber Returns – David Chilton

The price we are willing to pay is based on our assessment of how much value the item will bring in our lives. The problem arises when we have to make the value assessment on products we will use during an extended period of time, such a new car. Those firsts moments are worth a lot of “joy units”. However will you be as exited in three years when your chariot is showing its age? Probably not.

We usually give no thought whatsoever to declining marginal utility when we are contemplating buying something, we assume that our affection will never wane. So the next time you are tempted to make a major purchase, especially an impulsive one, step back, think a year or two out, and then ask yourself “Will I still be as pumped as I am right now?”

“Gratitude is riches. Complaint is poverty”

Dito Diderot “Regrets of Parting With My Old Dressing Gown: or a warning to those who have more taste than money”. “I was an absolute master of my old gown, but I have become a slave to my new one”. Few thing influence your spending decision today more than your spending desitons of yesterday ( like buying a brand new house, then you need new furniture, then a new car, new clothes, etc ).

I fear credit cards… … they allow us to act impulsively on our impulses ( and that is not redundant ). They also help us create those impulses by making us less sensitive to cost. Even those who fully pay their credit cards every month, many overspend.

Banks are a business, and like any other business they sell something. In their case the something is money, technically they are renting their money to us.

Your bank’s metric for debt affordability and your metric as the prospective borrower are very different, or at least they should be. All the bank calculates is whether you can make the monthly payment, based on your income and debt servicing. You on the other hand, need to determine whether you can make all your loan payments while still funding your retirement programs, perhaps doing some saving and – not unimportantly – having a life.

Your bank’s efforts to load you up with as much debt as you can service is often not in your best interest.

Too much available credit often leads to too much unaffordable spending, and stress, lots of stress.

I have friends who treat their LOC like a second income. “I’m glad our kitchen is so nice, it’s just too bad we cant afford food”.

Almost every financial planner tell us that there is a difference between good debt and bad debt: first house, good debt. Outdoor furniture, bad debt.

“Good Debt” should be defined as any money borrowed to buy an appreciating asset where the cost of servicing the loan doesn’t affect your ability to save to the appropriate level AND where the principal will be fully repaid before your retirement. Bad debt is everything else.

Cashtration: The act of buying a home, which renders the subject financially impotent for an indefinite period of time. A lot of Canadians have been cashtrated and they were their own surgeons, with the banks only too happy to pass the scalpels.

The problem with stretching to the max to buy a house is not the oversized mortgage payment. It goes way beyond that: The higher property taxes, the higher utility bills, the higher maintenance costs, also our new neighbour Diderot ( See above ).

Stretch to buy a house and you will inevitably stretch to buy your furnishings, appliances and even your driveway decorations ( ie cars ).

*** Two of the finest minds in personal finance, Charles Farrell ( your money ratios ), and Thomas Stanley ( the millionaire next door ) argue that overspending on one’s home may be the single biggest inhibitor to achieving financial independence.

Financial types like me love to focus on wise savers, but there are wise spenders out there too. They view their expenditures as investments and seek the highest available return, not measured in dollars or percents, but in joy.

The best way to be prepared for an emergency is to consistently live within your means and keep your debt levels well under control.

Judicious shoppers often “re frame” the cost of an item by figuring out how long they would have to work to earn the money, post deductions, to buy it. This also makes them more aware of an important concept: When we buy something we are really spending time, not money.

Leonardo da Vinci one wrote “Simplicity is the ultimate sophistication”. Keep it simple and get out of your own way.

More Than Enough – Dave Ramsey

More Than Enough - Dave Ramsey

I have realized that the lessons money teaches us are no only financial, they are spiritual; they create new character qualities; and they will improve your relationship with your spouse, family, and loved ones.  After more than five thousand hours of answering financial questions on “The Money Game” I have seen again and again that money is just the method that the Great Teacher has chosen to expose and correct our flaws as well as give us “ataboys” for a job well done.

Do you feel like I am going overboard?  I’m not if you want excellence in your life, relationships, and finances. You see, if you want uncommon results you have to think and do thinks that are uncommon.  If you want things you have never had, you have to do things you have never done.  Vince Lombardi said “The quality of a person’s life is in direct proportion to their commitment to excellence, regardless of their chosen field of endeavour”.

Albert Schweitzer said: “Man must cease attributing his problems to his environment, and learn again to exercise his will, his personal responsibility”.  Enough whining, I am sick of whining… Whining is a sign of lack of character on your part.

When bad stuff happens resist the human urge to blame and instead join the elite group called the doers.

I have had she-bears get violent with me for suggesting that purchasing $178 tennis shoes while the electric bill is not paid is stupid.  There is an old Danish proverb that says if you give a child everything he wants he cries and a pig everything he wants when he grunts you will have a fine pig and a sorry child.

James Baldwin says that children have never been very good at listening to their elders, but they have never failed to imitate them.

Ready for a test?

  1. What missing or twisted value has been holding me back?
  2. What could I do this week that would give me more connection to my spouse, my child or my best friend?
  3. Are there any ways that I could better show my boss my loyalty tom job and my coworkers?
  4. What activities am I involved in that I could fire myself from that would simplify my life?

Proverbs 9:18 says “Where there is no vision, the people perish” Perish as in die? YES.

The six figure earners all think in five year blocks or more of time. They are very unconcerned about today except for how today is a building block toward their vision, which may not be fully realized for another twenty years.  They think long term in all decisions.  Six figure earners think about the long term implications of every move they make and don’t make those moves unless they move them one step closer to their vision.

Short term thinking is why the poor get poorer.

Vision will make you an investor instead of a consumer; it will make you think ahead five, ten, or twenty years instead of only thinking about today or tomorrow.

Separating your money when you live in a couple only put you in the spiritual and emotional position of separation: You remember, what do you do right before divorce?

Patrick Overton: “When we walk to the edge of all the light we have and take that step into the darkness of the unknown, we must believe that one of two things will happen, there will be something solid for us to stand on, or God will teach us how to fly”.  Hope moves us forward when logic and energy are gone.  Hope is a motivator.

Soup is good for you:  Go to your local homeless shelter and volunteer to serve soup.  Take your mate and your kids with you; it will do the family good to reset the view of reality.

Most folks don’t know what real problems are, and the serving of soup will make you ashamed for having worried about whether there was enough in the budget to gibe Barky the schnauzer a haircut.

*Use a symbol of hope: Be it a light house or something else as a way to raise your chin toward heaven when you lose directions.

Sharon and I have made a pact that nothing major financially will be done without agreement with the other.

So if you are trying to get your wife to share in budgeting and planning you need o treat her with respect.  Try approaching her like this:

  • Honey, I’d really like to have your advice on our budget.
  • We need to think about how we are going to save money, but I cannot do this without you.
  • Our future is important, and both of us need to plan it together.

Andrew Carnegie said: “The average person puts only 25 percent of his energy and ability into his work.  The word takes off its hat to those who put in more than 50 percent, and will stand on its head for those few and far between souls who devote 100 percent”

“What is the first requirement for success?” Thomas Edison was asked. His answer? It is “the ability to apply your physical and mental energies to one problem incessantly without growing weary”. If you get up at 7 AM and go to bed at 11 PM, you have put in sixteen good hours, and it is certain with most men that they have been doing something all the time.  The only trouble is that they do it about a great many things, and I do it about one.  If they took the time in question and applied it in one direction, to one object, they would succeed”.

Focus has the power to create permanent change where nothing else will or can.  You can focus. You can endure anything for a short period of time. Six months, a year, or even eighteen months, compared with the rest of your life it is a very short period of time.  

The mother of more: Momentum.

Voltaire said: “Work keeps us from three evils: boredom, vice, and poverty”.

Work is doing it. Discipline is doing it every day. Diligence is doing it well every day.  Diligence is not just showing up, or just showing up every day; diligence is showing up every day with Excellence.

St. Ambrose said: “Work like it all depends on you and pray like all depends on God”.  Prayer is vital, but God is not in the business of rewarding lazy.

Jim Rohn says: “You will build more wealth if you trick yourself into discipline.  The pain of discipline weighs ounces, but regret weighs tons”

Teach the children: There has never been a child born who gets up every morning, makes his bed, cleans his room and brushes his teeth without instruction.  By removing work from a child’s life you cripple them.

It would be a shame for any of us to have discipline in just one area such as building up wealth and not have the health to enjoy it, the relationships with spouse and family to share it.

Patience is golden because it will increase the satisfaction you take from achieving your goals and desires.  And patience is golden because it is formed from heat much like pure gold is.  To purify gold the goldsmith of old would stoke the fire to bring the gold to a boil, and as the gold boiled the dross, the impurities, would rise to the top. The goldsmith would skim off the junk until he could see himself.  Problems that we face, the heat of life, make the junk come to the surface, and God skims the junk out of our lives until He can look at us and see some of Himself.

A lack of patience causes debt.

Patience is growing up.  Patience knows that one definitions of maturity is learning to delay pleasure.

Patience will cause you to build wealth because you are willing to save and pay cash instead of borrow.  When you don’t have any payments it is easy to save and invest enough to become wealthy in just a few years.

The Goose with the Golden Egg: they were becoming steadily wealthy, then greed kicked in, now they had no goose and no more eggs.

** If you are not listening to your spouse sit down tonight for at least twenty minutes to talk and listen.  Remember to listen even if you don’t care about the curtains she wants to buy.  Chose one night each week when the two of you will forgo TV and listen to each other.  Learn the count-to-five rule.

Try letting the kids plan one Saturday a moth. Yes, you may end up sitting through some activities you’d rather not, but you will not only learn patience, you will also gain years of memories and shared time with your children.

When you have contentment you can easily get out of debt.  When you have contentment you can easily save and invest.  When you are content it changes your giving habits and your relationships.  When you are content it brings an inner strength that will push you into another zone.  You are able to move fast or slow, and you are able to have patience or intensity when you are content.  Contentment is a magnificent personal gift.

Contentment is not apathy and yet we often confuse the two.

What is that causes one couple to be able to prosper on an annual income of $35.000 while the other is heading toward bankruptcy with over $84.000 in yearly income?

*** Juliet Schor in The Overspend American: Research shows that each added hour of TV viewing per week increases the spending by roughly $200 per year.  So an average level of TV watching of fifteen hours per week equals nearly $3.000 extra spent per year!

The Bible says in Proverbs 28:20 “A faithful man will abound with blessings, but he who hastens to be rich will not go unpunished”.  The reason the get get-rich quick folks are punished, usually by losing their riches, is because character is more important than circumstances in the scope of eternity.  Get-rich-quick folks still need to mold their value system into one that can truly find happiness. They are looking for love in all the wrong places, so the punishment is not for the offence off trying to get rich quick, the punishment is a course of correction so that we learn to look for contentment and happiness  where it can really be found.

In order to have deep, abiding contentment in your financial and relationship decisions, you have to reach the pint you just don’t care what “people” think.  I drive a ten year old car with over 150,000 miles on it and I keep it in near perfect condition.

My pastor told me that his father had to walk 6 miles to work, they would come into the home with dust to his knees from the six mile hike, and he would wash and sit down to eat.  Each night they thanked God of honest work.  My pastor said he never once heard them whine about the circumstances.  Where have those men go? Don’t get me wrong, I don’t want to walk six miles to work, but where have those men gone?  Those were people of deep character who understood that not having everything was not the end of the world.

Hate is not the opposite of love, apathy is.

Why does “giving” work in the formula for more than enough? Giving works because you are designed to be a giving being.  Your wiring schematic is built for giving.  You are made in God’s image and He is a giver; so that means in order for you to be all you can be you must be a giver too.  Your emotions, spirit psyche and even your chemistry are changed to a higher level when you give.  When you give creativity is enhanced.  When you give, passion, joy and intensity come to you like waves crashing at the seashore.

After one of my seminars a pastor approached me.  He said that in 35 years of ministering a large congregation he had never had a couple file for divorce who gave their Christian tenth of their income.

When you give you are getting maximum horsepower out of your personal design.  People who don’t give are stopped up.

You are planting seeds when you give and when you don’t give.  If you plant nothing, by default you planted weeds.  If you plant corn don’t scratch your head and wonder why you got corn. The earth and life will return to you what you plant in great abundance.  The sad thing is that most people don’t plant and are real confused as to why they get a great crop of weeds.  You must plant on purpose what you want, become a farmer for life.

“Money is a terrible master, but an excellent servant”.  If you want to be a powerful giver you should view your wealth as the goose and give the golden eggs.  If you give away the goose, the golden eggs are gone, and so is your ability to help others.  Those of you who think “those nasty rich people should be made to give up the wealth they have earned” are not only stupid, your shortsightedness kills the goose, and the poor are not really helped.

Many off the wealthy understand it is not a privilege, but instead a great responsibility to have wealth.

Andrew Carnegie said: “surplus wealth is a sacred trust which its possessor is bound to ADMINISTER in his lifetime for the GOOD of the COMMUNITY

This release of emotional ownership is called generosity.  The folks who are able to emotionally release the ownership of stuff and feel more like managers don’t worry as much.  This release of ownership virtually guarantees that as you build wealth you won’t become arrogant.  It is very hard to be arrogant about something you manage for someone else ( God ). Remember that is the emotional position those who have more than enough put themselves in.

Prosperity may be a bigger test than poverty when it comes to exposing your weaknesses.  Fear, worry, selfishness, and arrogance are all some people get with wealth.  People who get it know that a firm grip on the money is not the path to happiness and fulfillment.  True prosperity is not wealth, it is “more than enough”, which can include wealth, but must include the loose holding of that wealth.