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The Optimist

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“The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every difficulty.” ~ Winston Churchill

While your health is very important to your quality of life and longevity, your emotional well-being is equally important. Your emotional well-being impacts the way you do nearly everything in your life.

Studies show that people who are optimistic are less likely to suffer from a chronic illness, states Brian Tracy, Chairman and CEO of Brian Tracy International. They live 11-15% longer and have a greater chance of living beyond age 85.

Optimistic people have better job security, are more likely to succeed in their careers, and have greater job satisfaction. They are able to turn disappointments into motivation, which leads to increased productivity and accomplishments. British Prime Minister Winston Churchill said, “The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every difficulty.”

Optimistic people get sick less often and recover from illnesses faster. Optimists seem to have different ways of dealing with the world that set them apart from the average, says Tracy:

  1. “First, they keep their minds on what they want and keep looking for ways to get it. They are clear about their goals and they are confident that they will accomplish them, sooner or later.”
  2. “Second, optimists look for the good in every problem or difficulty. When things go wrong, as they often do, they say, “That’s good!” And then set about finding something positive about the situation.”

When you think and talk about what you want and how to get it, you feel happier and in greater control of your life. When you think about something that makes you happy, your brain actually releases endorphins, which give you a generalized feeling of well-being.

Moreover, if you are looking for something good or beneficial in a person or situation, you will always find it.  And while you are looking, you will be a more positive and cheerful person.

Optimists seek the valuable lesson in every setback or reversal.  Rather than getting upset and blaming someone else for what has happened, they take control over their emotions by saying, “What can I learn from this experience?” 

When you experience a setback or a negative event occurs, it’s your response that matters most and truly determines the outcome. Thus, it’s vitally important to always look for the positive response or optimistic lesson when such setbacks and events take place.

“While you cannot control everything that comes your way, you can control how you respond to them.” Brian Tracy

The true measure of emotional well-being is how positive and optimistic you are about yourself, about your talents and abilities, and about your life.

We all face challenges, but it is our reaction to those challenges that determine how quickly we can overcome them. Your ability to find an optimistic view of challenges will impact your overall success and emotional well-being, so to ensure you know how to be optimistic during hardships.

Resolve to see your glass of life as half full rather than half empty. Happy people give thanks for the many blessings in life rather than worrying or complaining about the things they do not have.

Assume the best of intentions on the part of everyone around you.  Most people are pretty decent, honest and are trying to do the very best they know how to, says Tracy. When you look for something good in their words and actions, you will almost always find something.

Finally, resolve to be cheerful, no matter what happens.

Looking on the bright side is most important when things go wrong. According to Tracy, “While you cannot control everything that comes your way, you can control how you respond to them.”

“Success is not an action that you take, it’s a way of life. If you want to accomplish great things, greatness must be reflected in everything that you do.” Brian Tracy

References:

  1. https://www.briantracy.com/blog/personal-success/be-an-optimist-at-all-times/
  2. https://www.briantracy.com/blog/personal-success/positive-attitude-happy-people-positive-thinking/

Brian Tracy, Chairman and CEO of Brian Tracy International, a company specializing in the training and development of individuals and organizations.

Health is Real Wealth

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The real wealth are healthy habits such as a healthy diet, exercise, regular sleep.

Keeping your priorities straight is a challenge, but it’s essential to prioritize your health. Without a healthy body, everything you’re working for doesn’t mean much.

Finances and health are nearly impossible to separate. After all, health care costs money, and making money is a lot simpler when you’re healthy. You may be thinking you just don’t have time to focus on healthy habits like a balanced diet, exercise, or sleep.

One study showed that medical expenses and disabilities may account for two-thirds of bankruptcies in the U.S. Even if that stat is skewed, we all know that medical costs can be really tough for the average family to handle. Keeping yourself healthy can prevent a ton of extra costs. 

Many of the key steps to a healthy, happy and longer life are simple and within reach of almost all of us. Master these three science-based healthy habits and you’ll high-five your way to feeling great.

1. Exercise regularly

Exercise is the one thing in life you can do to live a longer, healthier life. The US Centers for Disease Control and Prevention ranks exercise sky-high on its bucket list of activities.

“Only a few lifestyle choices have as large an impact on your health as physical activity,” says our nation’s top health organization.

The healthiest way to improve the quality of your sleep: exercise

“People who are physically active for about 150 minutes a week have a 33% lower risk of all-cause mortality than those who are physically inactive.”

If you get up and move at least 150 minutes each week, you cut your risk of dying by one-third.

In addition, exercise — even just walking at a moderate pace — has been shown to improve cognitive function, help you control your weight, reduce your risk for disease and, of course, strengthen your bones and muscles.

Some benefits are immediate: After finishing one 30-minute physical activity you’ll have less anxiety, lower blood pressure, more sensitivity to insulin and you’ll sleep better that night.

Get the recommended 150 to 300 minutes a week for adults of moderate-intensity exercise — such as brisk walking, dancing, bicycling, doubles tennis and water aerobics — as the benefits go up.

2. Eat a healthy plant-based diet

Keeping a healthy weight — defined by doctors as having a body mass index (BMI) between 18.5 and 24.9 — is another key way to stay healthy and reduce your risk of all manner of diseases and conditions.

There are lots of excellent diets out there to help you lose and keep your weight under control, which focuses on food to slow cognitive decline, and the Flexitarian Diet, which combines the words flexible and vegetarian.

Replace red meat with plant protein or dairy to live longer, two new studies suggests Science has shown that a plant-based, meaning you’ll eat a lot of fruits, vegetables, grains, nuts and seeds, can reduce the risk for diabetes, high cholesterol, stroke, dementia, memory loss, depression and breast cancer.

Use all kinds and colors of veggies to get the broadest range of nutrients, phytochemicals and fiber. Cook, roast or garnish them with herbs and a bit of extra virgin olive oil.

Add whole grains and fruit to every meal, but use nuts and seeds as a garnish or small snack due to their high calorie and fat content.

You’ll also eat less red meat, sugar, processed foods, and saturated fat and more omega-3-rich fish (twice a week) and olive oil. Think of chicken, beef and pork as a “seasoning” to a dish, instead of the main course.

Eat less meat and more plants

The real secret to the success of a plant base diet — it’s not dieting at all. It’s a lifestyle, with the greatest emphasis placed on exercise, mindfully eating with friends and family and socializing over meals.

3. Get good-quality sleep

You may choose to exercise or eat healthy, but your body is going to demand sleep. The quantity and quality of it, however, is essential and under your control. Sleep is as important for good health as diet and exercise. Good sleep improves your brain performance, mood, and health.

Not getting enough quality sleep regularly raises the risk of many diseases and disorders. These range from heart disease and stroke to obesity and dementia

If you’re not sticking to a regular sleep schedule, you’re hurting your health since experts recommend that school-age children get at least nine hours a night and teens get between eight and 10. Most adults need at least seven hours or more of sleep each night.

Getting less has been linked in studies to high blood pressure, a weakened immune system, weight gain, a lack of libido, mood swings, paranoia, depression and a higher risk of diabetes, stroke, cardiovascular disease, dementia and some cancers.

Sleeping less than the recommended amount each night on a regular basis may double your risk of dying. In a longitudinal study, researchers found that those who reduced their sleep from seven to five hours or fewer a night were almost twice as likely to die from all causes, especially cardiovascular disease.

Additionally, your chances of developing a major disease or medical condition skyrocket if you don’t get enough sleep. That’s because during sleep, your body is literally repairing and restoring itself on a cellular level.

One sleep myth is that you can “catch up” on your days off. Researchers are finding that this largely isn’t the case. “If you have one bad night’s sleep and take a nap, or sleep longer the next night, that can benefit you,” says Wright. “But if you have a week’s worth of getting too little sleep, the weekend isn’t sufficient for you to catch up. That’s not a healthy behavior.”

Takeaway…there are actions you can take to help reduce your stress, improve your mood and to be well on your way to a happier, healthier life.

When you adopt healthy habits in one area of your life, those habits tend to have a ripple effect on other areas. For example, when you’re exercising regularly, you’re also more likely to eat healthy foods and get regular sleep. 

These reasons should be adequate for you to prioritize your health and to convince you to live healthier, even if health itself isn’t enough of a reward. 

References:

  1. https://www.cnn.com/2020/08/07/health/exercise-sleep-prevent-disease-wellness/index.html
  2. https://newsinhealth.nih.gov/2021/04/good-sleep-good-health
  3. https://due.com/blog/financial-reasons-to-prioritize-your-health/

Memorial Day

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Memorial Day is a day of remembrance to honor the ultimate sacrifice made by the men and women who have died during their service in the United States military.

“As we express our gratitude, we must never forget that the highest appreciation is not to utter words, but to live by them.” – John F. Kennedy

In All Things Be Grateful

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God is good…All the time.

God is good in every situation and every circumstance, not just in those situations we view as good or favorable. He is with us even during challenging times and problems.

We don’t have to like everything that enters our lives, but we can be grateful for the fact Jesus is with us in whatever we are going through.

Thomas Edison once said that “I’ve never made a mistake. I’ve only learned from experience.”

“We haven’t failed. We now know a thousand things that won’t work, so we are much closer to finding what will.” ~ Thomas Edison

In all things be grateful

Expressing gratitude is an essential skill everyone needs to learn and practice to achieve success and to learn and grow.

Research shows that it impossible to be both fearful and grateful simultaneously. Moreover, it’s possible to worry and to be anxious, and be grateful.

You should be grateful for the multitude of blessings you experience in your life daily. You should as well be grateful for life’s problems and challenges; and view problems and challenges for what they are, opportunities to learn, grow and improve.

So always be grateful and always remember and embrace the adage, in life, there are either successes or learning opportunities.

References:

  1. https://inspireafire.com/can-we-be-grateful-in-all-things/
  2. https://www.internetpillar.com/thomas-edison-quotes/
  3. https://www.inc.com/kevin-daum/37-quotes-from-thomas-edison-that-will-bring-out-your-best.html

10 Powerful Quotes ~ “The Psychology of Money”

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“Rich is the current income. Wealth is income not spent. Wealth is hard because it requires self-control.” Morgan Housel

10 Powerful Quotes from “The Psychology of Money” by “Morgan Housel”

  1. “Spending money to show people how much money you have is the fastest way to have less money.”
  2. “Getting money is one thing. Keeping it is another.”
  3. “Be nicer and less flashy. No one is impressed with your possessions as much as you are.”
  4. “You might think you want a fancy car or a nice watch. But what you probably want is respect and admiration.”
  5. “Use money to gain control over your time.”
  6. “Saving is the gap between your ego and your income.”
  7. “Savings can be created by spending less. You can spend less if you desire less. And you will desire less if you care less about what others think of you. Money relies more on psychology than finance.”
  8. “Rich is the current income. Wealth is income not spent. Wealth is hard because it requires self-control.”
  9. “Happiness is just results minus expectations.”
  10. “In fact, the most important part of every plan is planning on your plan not going according to plan.”

https://twitter.com/books_dq/status/1517815934056075264

A few bonus quotes:

“”Be more patient” in investing is the “sleep 8 hours” of health. It sounds too simple to take seriously but will probably make a bigger difference than anything else you do.”

“The formula for how to do well with money is simple. The behaviors you battle while implementing that formula are hard.”

“”Save more money and be more patient” is too simple for most people to take seriously, but it’s the best solution to most financial problems.”

References:

  1. https://www.collaborativefund.com/blog/rules-truths-beliefs/
  2. https://www.collaborativefund.com/blog/$/

Investing 101: Building Long-Term Wealth

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Managing your money and building wealth has to be a priority if you ever want to be in a better financial situation than you are today. Ramit Sethi

If you’re like most people, you probably think investing is something only people with a lot of money can do. But here’s the truth: anyone can invest and everyone should be investing.

Everyone with expendable monthly income should be investing. Even if you aren’t making major bucks and even if you are still paying your student loans, you should be investing. Investing is a great long-term wealth building option that yields major rewards if you’re patient and smart about your investments.

Despite what you see on TV and social media, you don’t need to be (or even have) a stockbroker to get in on investing. In fact, it’s easier than ever to go at it alone, thanks to platforms like Charles Schwab, E-Trade and Robinhood. These sites (and others) offer no or low fee options for individual investors to start building a portfolio. Even better, some also give you access to financial planners who can provide investing tips and help answer questions along your investment journey.

Ready to start investing. Below are six investing tips from Brian Baker, investing and retirement reporter at Bankrate.com.

1. Think about your investing goals. First, people new to investing should ask themselves one simple question before getting started: How soon are you looking to see a return on your money? Or, how soon will you need the money you’ve invested?

If the answer is sooner, like less than six months, then you should skip investing in stocks and instead put your cash in a money market mutual fund or high yield savings account. These options won’t offer as big of a return as investing, but you’ll see steady increases over time. More importantly, all of your money will remain relatively safe and still be there if you need it in a hurry.

On the other hand, if you don’t anticipate needing the money any time soon, then investing is a good option. Successful investing often requires a long-term approach and patience because the market can fluctuate. Over time, however, it often yields positive results for many investors.

Or, you can do both. You can put some of your expendable income in a money market mutual fund or high yield savings account and then use some for investing.

2. Consider how much you can afford to invest. If after you’ve paid all your bills and set aside some cash in a savings account, you still have money left over, great. You’re in the perfect position to start saving. While choosing how much to invest all depends on your personal expenses, investing 10% off your income is a great place to start if you’re able.

That last bit is important, though. Not everyone is able to invest 10%, and that’s okay. When you’re just starting out, invest only how much and when you’re able to. What you shouldn’t do is miss important bill payments or slack off on traditional savings just to put more toward your investments.

Another investing no-no? Prioritizing your investments over paying off your debts. This is especially true when you look at interest rates. While the money you invest may yield a 7-8% return, the interest rates on debt are often much higher than that. If that is the case with the debt you’re carrying, you should prioritize paying off your loans before putting lots of your money in the stock market.

3. Choose the right platform for you. Given the rise in popularity in investing, there are lots of different online brokerages and platforms for individual investors to choose from. Some of the most reputable and popular are Marcus Invest, SOFI, Acorns and Robinhood. Here are a few questions to ask when deciding which is best for you:

  • Are there account minimums? Many of the online brokers available to individual investors who are new to investing don’t have any account minimums, so most people can easily get started with whatever amount of money they have saved.
  • What are the account fees? You’ll want to find out if there are any fees associated with having an account with the specific online broker you’re interested in. Additionally, find out if they charge you for making trades or new investments. Platforms like Charles Schwab, E-Trade and Robinhood all offer commission-free trading.
  • Do they offer fractional shares? Many of the brokerages are also now offering fractional shares, which are great if you don’t have enough money to buy a full share of a popular stock like Amazon or Alphabet.
  • What investment research is available to you as a member? Chances are you’ll have questions as you begin investing. Some online brokers offer investment research to their members, which can be helpful when you’re just getting started.
  • What else do they offer? Some brokerages offer other services like tax planning or access to financial advisors. Others offer different types of accounts like retirement that might be of interest.

4. Start with a diversified spread. Rather than trying to buy shares from specific companies that are buzzy right now, new investors should begin their journey with a more diversified spread. Focusing too much on individual companies often means you’ll need to have an in-depth knowledge of that company and its long-term strategy or plans. Most novice investors don’t have access to that kind of information, nor the time required to acquire it. Thus, it’s better to start by putting your money toward an S&P 500 Index Fund. “That’s going to give you a diversified portfolio of U.S. stocks at a very low cost, and that can be purchased through a mutual fund or through an exchange-traded fund (ETF),” Baker explains.

5. Know when to check in on your investments. If you’re following the more traditional investment strategy above, where you’re putting some savings into a diversified portfolio each month, you really don’t need to check your portfolio every day or even every week. Because this is a long-term investing strategy, checking your brokerage accounts monthly is more than sufficient.

6. Steer clear of common investing mistakes. When you’re finally ready to start investing, it can feel exciting, like you’re finally getting in on the action. But don’t get ahead of yourself. Here are three of the worst things you can do when you first start investing.

  • Don’t trade often. “Lots of trading activity is not the path to long-term investment success,” Baker says.
  • Don’t obsessively check your account. “If you’ve made long-term investments, there’s really no need to check your portfolio every day,” Baker reiterates.
  • Don’t get overly emotional. “Emotion is another enemy of investment success,” Baker says. “No one likes to see their portfolio decline, but stocks are inherently volatile, and it’s inevitable they will go down sometimes. People should keep their eye on their long-term goals,” he adds.

In conclusion, investing can be confusing if you don’t know where to start. Everyone’s circumstances are different, which means what’s right for you may not be right for someone else.

Take the time to evaluate your personal investing options and choose what works best for you. And research shows that investing is the best way to build long-term wealth and achieve your financial goals.

“Keep your eye on the [long term wealth building] goal, keep moving toward your target.” ~ T. Harv Eker, Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth

References:

  1. https://www.intheknow.com/post/investing-tips/
  2. https://www.bankrate.com/investing/how-to-invest/

Major Definite Purpose

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It is said widely that ninety-five percent of the people of the world drift through life aimlessly without definite purposes for their lives.

Psychological reason for having a definite purpose in life implies that one’s actions are determined by the thoughts of one’s mind. Therefore, if you deliberately hold your definite purpose in your mind with the expectation of it realization, this will permeate your subconscious mind to the point where it will automatically influence the actions needed to achieve your definite purpose.

Once you determine your definite purpose, make sure that it is well-defined. You must write it down and place it where you can see it as soon as you open your eyes in the morning and the last thing that you see before you close your eyes at night.

An excerpt from Brian Tracy’s “Goals”

Your major definite purpose can be defined as the one goal that is most important to you at the moment. It is usually the one goal that will help you to achieve more of your other goals than anything else you can accomplish. It must have the following characteristics:

  1. It must be something that you really want. Your desire for this goal must be so intense that the very idea of achieving your major purpose excites you and makes you happy.
  2. It must be clear and specific. You must be able to define it in words. You must be able to write it down with such clarify that a child could read it and know exactly what it is that you want and be able to determine whether or not you have achieved it.
  3. It must be measurable and quantifiable. Rather than “I want to make a lot of money,” it must be more like “I will earn $100,000 per year by (a specific date).”
  4. It must be both believable and achievable. Your major definite purpose cannot be so big or so ridiculous that it is completely unattainable.
  5. Your major definite purpose should have a reasonable probability of success, perhaps fifty-fifty when you begin. Set huge, audacious goals, and you will still be motivated to take the steps necessary to achieve them. But in the beginning, set goals that are believable and achievable and that have a high probability of success so that you can be assured of winning right from the start.
  6. Your major definite purpose must be in harmony with your other goals. You cannot want to be financially successful in your career on the one hand and play golf most of the time on the other. Your major definite purpose must be in harmony with your minor goals and congruent with your values.

“Decide now what you desire from life and what you have to give in return.”

To achieve success, you have know exactly what you want and what you are willing to give-up in return….success is a two-way street.

References:

  1. https://www.achieve-goal-setting-success.com/definite-purpose.html

12 Timeless Rules of Investing

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Guidelines Every Investor Should Embrace, But Few Actually Do

An Investment U White Paper Report written by Dr. Steve Sjuggerud, Advisory Panelist, Investment U

In the the white paper report, Dr. Sjuggerud identified 12 classic investing rules that every investor can use throughout their lifetimes.

These guidelines are provided to help investors achieve their goals, sometimes in capitalizing on gains and sometimes in mitigating losses.

1. An attempt at making a quick buck often leads to losing much of that buck.

  • The people who suffer the worst losses are those who overreach.
  • If the investment sounds too good to be true, it is.
  • The best hot tip is “there is no such thing as a hot tip.”

2. Don’t let a small loss become large.

  • Don’t keep losing money just to “prove you are right.”
  • Never throw good money after bad (don’t buy more of a loser).
  • When all you’re left with is hope, get out.

3. Cut your losers; let your winners ride.

  • Avoid limited-upside, unlimited-downside investments.
  • Don’t fall in love with your investment; it won’t fall in love with you.

4. A rising tide raises all ships, and vice versa. So assess the tide, not the ships.

  • Fighting the prevailing “trend” is generally a recipe for disaster.
  • Stocks will fall more than you think and rise higher than you can imagine.
  • In the short run, values don’t matter. In the long run, valuations do matter.

5. When a stock hits a new high, it’s not time to sell something that is going right.

  • When a stock hits a new low, it’s not time to buy something that is going wrong.

6. Buy and hold doesn’t ALWAYS work.

  • If stocks don’t seem cheap, stand aside.

7. Bear markets begin in good times. Bull markets begin in bad times.

8. If you don’t understand the investment, don’t buy it.

  • Don’t be wooed. Either make an effort to understand it or say “no thanks.”
  • You can’t know everything, so don’t stray far from what you know.

9. Buy value, and sell hysteria.

  • Paying less than the underlying asset’s value is a proven successful investing strategy.
  • Buying overvalued stocks has proven to under perform the market.
  • Neglected sectors often offer good values.
  • The “popular” sectors are often overvalued.

10. Investing in what’s popular never ends up making you any money.

  • Avoid popular stocks, fad industries and new ventures.
  • Buy an investment when it has few friends.

11. When it’s time to act, don’t hesitate.

  • Once you’re in, be patient and don’t be rattled by fluctuations.
  • Stick with your plan… but when you make a mistake, don’t hesitate.
  • Learn more from your bad moves than your good ones.

12. Expert investors care about risk; novice investors shop for returns.

  • If you focus on the risks, the returns will eventually come for you.
  • If you focus on the returns, the risks will eventually come for you.

Good investing.

References:

  1. https://investmentu.com/timelessrules/

Food, Sleep, and Exercise Impacts Your Success

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The secret to becoming successful in life and business starts with how healthy you are. And that means that you’re eating healthy, getting enough sleep, and exercising daily.

Health is wealth. Why food, sleep, and exercise can impact your success?

You Are What You Eat

When it comes to your productivity, you are what you eat!

Writing in the Harvard Business Review, Ron Friedman states, “Food has a direct impact on our cognitive performance, which is why a poor decision at lunch can derail an entire afternoon.”

“Just about everything we eat is converted by our body into glucose, which provides the energy our brains need to stay alert,” Fredman continues. “When we’re running low on glucose, we have a tough time staying focused and our attention drifts. This explains why it’s hard to concentrate on an empty stomach.”

Certain foods like pasta, bread, cereal and soda, “release their glucose quickly, leading to a burst of energy followed by a slump.” High fat meals, however, “(think cheeseburgers and BLTs) provide more sustained energy, but require our digestive system to work harder, reducing oxygen levels in the brain and making us groggy.”

Replace that junk food with options like kale, blueberries, fish, walnuts, and green tea if you want to give your cognitive functions a boost.

Get a Good Night’s Sleep

Adequate, quality rest each night is essential for good health. Sleep provides the foundation for all our daily habits and decisions. A lack of quality sleep can negatively impact our mood as well as our ability to focus on daily tasks and activities.

The Division of Sleep Medicine at Harvard Medical School reiterates how essential a good night’s sleep is. “Lack of sleep exacts a toll on perception and judgment. In the workplace, its effects can be seen in reduced efficiency and productivity, errors, and accidents. Sometimes the effects can even be deadly, as in the case of drowsy driving fatalities.”

While sleep is important, it doesn’t have to be eight hours. In fact, only 27% of highly successful people sleep between 7-8 hours. Another 27% get 6-7 hours, while 32% only sleep for 5-6 hours. Most of these individuals sleep from the hours of 11pm to 5am as well.

To get a good night’s sleep, create a schedule and stick to it. You should also avoid drinking alcohol and regular coffee, keep you room dark and cool (between 60 and 67 degrees is ideal), have a comfortable mattress, and have a relaxing ritual before you go to bed, such as reading or meditating.

Exercise – Get Your Sweat On

One highly effective habit of successful individuals is daily exercise. Besides keeping off unwanted pounds, exercising daily can help with;

  • Decreasing stress,
  • Boosting your immune system,
  • Keeping you productive, and
  • Helping you sleep better at night.

Even if you can’t go to the gym for an hour everyday, you can always start taking baby steps. For example, you could start using a standing desk, taking the stairs instead of the escalator or elevator.

These small actions add-up and ensure that you stay at your best physically, mentally, and emotionally.

Food, sleep, and exercise can impact your success. Thus, it’s important that you make your health a priority.

References:

  1. https://www.inc.com/john-rampton/the-importance-of-food-sleep-and-exercise-and-how-it-impacts-your-success.html
  2. https://www.mayoclinichealthsystem.org/hometown-health/speaking-of-health/sleep-is-the-foundation-for-healthy-habits