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.

 

The Art of Non Conformity – Chris Guillebeau

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

You can have unlimited dreams and goals, but not unlimited priorities.

Embrace the uncertainty of change.

“I’m willing to do whatever it takes to get out of this situation.” We talked for a while and I gave him a long list of resources. “Will you have time to look at these things soon?” I asked. “Are you kidding?” he replied. “I’ll be going on this stuff for the rest of the afternoon. Then if I have to, I’ll stay up until midnight.”

“They say time changes things, but actually you have to change them yourself.”

Inaction breeds doubt and fear. Action breeds confidence and courage. If you want to conquer fear, do not sit home and think about it. Go out and get busy. — DALE CARNEGIE.

Create mass accountability. Give yourself a carrot.

On the other hand, despite a stated desire for change and the ability to do basic research, Aaron remained stuck behind the wall of fear. He lived a life of quiet desperation, peeking through to the other side but failing to dismantle the bricks.

We have big dreams and ideas, but we also have big fears. The quest to overcome fear is lifelong, and almost no one is truly fearless. Instead of pretending it doesn’t exist, you have to be willing to smash through the brick wall of fear. You won’t be the first to do it, and what you find on the other side might surprise you. What’s waiting for you on the other side of the wall?

The question is not who is going to let me, it’s who is going to stop me. — AYN RAND

People will always try to stop you from doing the right thing if it is unconventional. — WARREN BUFFETT

Gatekeepers are especially effective at telling you which choices you have, thus giving you the illusion of freedom while simultaneously blocking access to what really matters. It’s like asking, “Would you like a or b?”—without letting you know that c, d, and e are also valid choices.

Why do we do things this way? “Just because.” “Because that’s the way we’ve always done it.” “Because someone said so.” When someone threatens tradition or asks questions, gatekeepers will appeal to a logic based on history, even if their recollection of history is incorrect.

When the underdog adopts an unconventional strategy and changes the rules of the game, the percentage of victory jumps even further, to 63 percent. In other words, when the underdog deploys an unconventional strategy, the underdog is actually favored to win…

…the difference is that in one situation the underdog deliberately changes the rules of the confrontation. Remember that gatekeepers are all about limiting choices (you can have a or b, but not c or d). The underdog strategy looks for alternatives.

Here are some more things that are completely unnecessary for your success:

  • You don’t need experience.
  • You don’t need years of preparation.
  • You don’t need paperwork. Paperwork includes degrees, certificates, endorsements, licenses, recommendations, referrals, and so on.
  • You don’t need a mentor.

It’s not that these things are unhelpful. It’s that they are unnecessary.

  • You need passion.
  • You need a vision and a task.
  • You need the answers to the two most important questions in the universe. What do you really want to get out of life? How can you help others in a way that no one else can?
  • You need commitment to stay the course. Many people give up too early.

 

The gap between ignorance and knowledge is much less than the gap between knowledge and action. —ANONYMOUS.

The Denver TV news anchor who was laid off and started a “Yoga at Work” part-time business for the cost of a $9 domain registration. Within six months she was earning $2,000 a month. • The brick installation company that started when the founder was laid off from a car dealership. He took $18 to Barnes & Noble to buy “some kind of business book,” but ended up buying coffee and looking through books in the café. After a rocky start and a difficult partnership, the business brought in more than $150,000 in its third year. • The “$50 and a bottle of oil” startup that grew to a $6 million business within five years. • The “Retro Razor” project that launched from a Seattle bedroom after the founder ran out of Gillette blades on a trip to Italy (cost: $75.87 for initial inventory). Retro Razor signed up for Amazon.com’s partner

Over and over I hear from employees at stable companies like Google and Microsoft, who begin a long message by saying, “I feel guilty because my friends think I have it made, but I don’t like what I’m doing.” I don’t think these people are ungrateful; if you don’t enjoy the place where you spend most of your waking hours, I don’t see how you have it made.

Like Allan Bacon’s “Life Experiments,” slow and steady change can produce big improvements when done consistently over time. • Some people think self-employment is risky, but the real risk lies in deriving your security from an external source.

Personally, I value learning, but formal education and learning do not always go hand in hand. If your primary goal is to learn instead of to prepare for a career, you may be better off going it alone.

I start with the premise that the function of leadership is to produce more leaders, not more followers. — RALPH NADER

If your actions inspire others to dream more, learn more, do more, and become more, you are a leader. — JOHN QUINCY ADAMS

Instead of selling products, you focus on solving problems.

I’d like to live as a poor man, with lots of money. — PABLO PICASSO

I embrace frugality as a personal value, but frugality for me is not about pinching pennies in every part of my budget. Instead, it’s about making conscious choices to spend on the things I value—and avoid spending on other things.

The way I approach my discretionary spending is outlined below:
1. I happily exchange money for things I truly value.
2. As much as possible, I don’t exchange money for things I don’t value.
3. All things being equal, I value life experiences more than physical possessions.
4. Investing in others is at least as important as my own long-term savings.

Travel is my biggest personal expense, and I regularly spend about 20 percent of my annual income on it. Many people spend 20 percent or more of their income on debt reduction, and I’ve taken great care to ensure I have no debt. If I can’t afford to pay for something in full, I don’t buy it.

Because I know I’ve received a lot from life thus far, I want to make sure I actively give back in the form of investing in others.

To get serious about saving, focus on increasing income more than cutting expenses. This is because cutting expenses is essentially a scarcity behavior, whereas increasing income is essentially an abundance behavior.

Doctors Without Borders: This organization, known around the world by the French name Medecins Sans Frontieres, brings medical teams to war zones, natural disasters, and countries that lack sufficient health care. Learn more at DoctorsWithout Borders.org.

I have enough money to last me the rest of my life, unless I buy something. —JACKIE MASON

If you’re stumped with a travel dilemma, visit the forums at FlyerTalk.com. Some of the experts on these boards are even more experienced than I am, and if you ask nicely, several will offer free advice on your itinerary or travel issue.

If you’re looking for lodging and hotel prices are high, check Hostels.com for a large database of guesthouses and smaller establishments. In addition to dorms, many of the properties offer private rooms with breakfast and Internet access. If you’re up for company, you can also stay for free thanks to CouchSurfing.com.  Priceline.com can be a good source for discounted hotels (it’s not usually worth it for plane tickets), but the company has an advantage on consumers by not disclosing the minimum successful bids. To negate this advantage, use Google to search for “Priceline winning hotel bids” to find several sites that list the hidden information. I’ve used this strategy to stay at the Brussels Marriott for $60 (usually $240), the Prague Sheraton for $45 (usually $195), and many other nice hotels all over the world. • If transatlantic airfare is pricey, look for a repositioning cruise. These cruises take place twice a year as cruise lines move their ships from the Mediterranean to the United States. (A smaller number also go from Alaska to East Asia, and from California to Florida via the Panama Canal.)

Let’s return to the two important questions we looked at briefly earlier: “What do you really want to get out of life?” and “What can you offer the world that no one else can?”

When you set out to create something that will outlast you, there are a number of characteristics you need to consider by answering the following questions:

  • Vision—how will the world be different because of the project?
  • Beneficiaries—who will benefit from the project?
  • Primary Method or Medium—how will you do the work?
  • Output—what will be produced as a result of your work?
  • Metrics—how will success be measured?

Create a continual metric for your most important work.

*** Pamela Slim’s Escape from Cubicle Nation.

ONLINE RESOURCES A few things didn’t make it into the final version of this book. For the much-needed condensing, you can thank my editor Maria, who kept asking, “Does this need to be here? Can you get it out some other way?” It was a good question, so I made a resources page on my website for everything that didn’t make it in here. Among other things, the resources page includes:

• An introduction to travel hacking, including how to earn frequent flyer miles without flying, how to stay for free anywhere in the world, and where you can buy a round-the-world plane ticket
• A worksheet and MP3 audio download on creating the ideal day discussed in chapter 2
• More information on low-budget businesses, including a list of 10 ways to earn money through travel, and 10 businesses you can start for less than $100.

All of this information is free, and you don’t need to register to receive it. Just go to ChrisGuillebeau.com/book for a complete list.

 

I Will Teach You To Be Rich – Ramit Sethi

I will teach you to be rich
When it comes to weight loss, 99.99 percent of us need to know only two things: Eat less and exercise more.

WHY ARE MONEY AND FOOD SO SIMILAR?

Listen up, crybabies: This isn’t your grandma’s house and I’m not going to bake you cookies and coddle you. A lot of your financial problems are caused by one person: you.

 

On average, millionaires invest 20 percent of their household income each year. Their wealth isn’t measured by the amount they make each year, but by how much they’ve saved and invested over time.

Frugality, quite simply, is about choosing the things you love enough to spend extravagantly on—and then cutting costs mercilessly on the things you don’t love.

Context Matters: you’re probably right when you think your friend can’t afford those $300 jeans. I’ve been trying to be less judgmental about this. I’m not always successful, but I now focus on the fact that the sticker price doesn’t matter—it’s the context around it. You want to buy a $1,000 bottle of wine? And you already saved $20,000 this year at age twenty-five? Great! But if your friends are going out four times a week on a $25,000 salary, I bet they’re not consciously spending. So although it’s fun to judge your friends, keep in mind that the context matters.

Buffett realized long ago that having money doesn’t require you to spend it and that the money you don’t spend can be invested.

Of course, like buying, renting isn’t best for everyone. It all depends on your individual situation. The easiest way to see if you should rent or buy is to use The New York Times’s excellent online calculator “Is It Better to Rent or Buy?” It will factor in maintenance, renovations, capital gains, the costs of buying and selling, inflation, and more. You can find it at www.nytimes.com/2007/04/10/business/2007_BUYRENT_GRAPHIC.html

Location Rebel Arsenal – Sean Ogle

Location Rebel Arsenal
Karl Marx “Catch a man a fish and you can sell it to him. Teach a man to fish, and you’ve ruined a wonderful business opportunity.”

*** The Art of Non-Conformity – Chris Guillebeau.

*** War of Art – Steven Pressfield

*** Influence – Robert Cialdini.

*** Trust Me, I’m Lying – Ryan Holiday.

*** The Personal MBA – Josh Kaufman.

*** Cashvertising – Drew Eric Whitman

*** Outliers: The Story of Success – Malcom Gladwell

 

Alan Lakein “Planning is bringing the future into the present so that you can do something about it now.”

TOOLS:

Optimizepress is a WordPress theme that does oh so much more than a regular theme. It allows you to easily set up squeeze pages, sales letters, membership sites and much more.

WooThemes: the easiest themes to make a killer looking website with no mad dev and design skills.

E-Junkie

Wishlist Member: Ever thought about creating a membership site?

Mockingbird: This is essential when planning new site designs. I’m not the most design oriented person in the world – far from it actually. But this gives me the power to map out the features I know I want in a website, hand it to a designer.

Trello: is the only solution (paid or free) I’ve found to work within my small business. It makes managing multiple projects incredibly easy. Oh, and it’s completely free.

Skitch: Have you ever wanted to easily show someone what you were looking at, scribble notes on it, and get their feedback? Now you can do this in a breeze with Skitch. This is an essential tool for sharing quick notes with friends and business partners

Last Pass: Quite possibly the greatest extension ever made. I have dozens (if not hundreds) of passwords.

Evernote

StayFocusd

Leechblock

Rescue Time.

Bold Notes.

Shoeboxed

Tweetdeck

Buffer

Klout

Canon Vixia HF200 HD Camcorder

Kodak Zi8 Camera

How to Travel the world for $418: This blog post by my buddy Steve Kamb has blown up, and been spread all over the internet and beyond. He details exactly how he went about getting an around the world plane.

Dan of Tropical MBA

Hipmunk: Travel and Hotels.

AirBnB: Need a place to stay, but don’t want a hotel? Enter AirBnB.

Pandora

Charles Schwab If you’re leaving the country, do yourself one giant ass favor and open up a checking account at Charles Schwab. Charles Schwab will reimburse you for any ATM fees you incur – anywhere. No more $5 surcharges,

Lifestyle Business Podcast

Caffeine Again: Mac only, but this is a super simple app that keeps your screen from dimming.

 

 

 

Le Millionnaire que j’appelais Grand-Papa – Martin Paquette

Le Millionnaire que j'appelais Grand-Papa
C’est étrange comme le vent éteint les petites bougies, mais anime les plus grands feux.

Les femmes savent des choses par instinct, nous comprenons seulement les choses par des faits. Elles ont une longueur d’avance sur nous.

Le vrai principe, je l’applique et je le prêche toujours : pour devenir riche et réaliser les choses que l’on veut, il faut toujours réinvestir la moitié de ce que l’on gagne. Si tu gagnes un dollar, mets cinquante cents de côté pour réinvestir plus tard.

J’ai déjà dit que si les gens pouvaient connaître et voir les résultats de leurs efforts, tous deviendraient et demeureraient motivés. C’est pourquoi les gens qui travaillent dans les grandes organisations sont si difficiles à motiver; ils ne sont responsables que d’une partie de la réalisation et souvent très loin des résultats. On dit souvent que la routine détruit la motivation.