Long-Term Investing

“Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.” — Paul Samuelson

Everyone is a long-term investor up to the moment the stock market correction or crash occurs. “During bull markets, everyone believes that he is committed to stocks for the long term,” opines Billionaire investor William J. Bernstein. “Unfortunately, history also tells us that during bear markets, you can hardly give stocks away. Most investors are simply not capable of withstanding the vicissitudes of an all-stock investment strategy.

Yet, successful investing is a long game. It takes “time, patience and discipline”, says Warren Buffett. When you put money to work in markets it’s best to set it and forget it. Billionaire investor Warren Buffett quipped, “Over the long term, the stock market news will be good. In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a fly epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.”

Myopic Loss Aversion

Investors must manage the battle between fear and greed in their heads and stomachs to be successful in building wealth in the long term. Unfortunately, the fear of loss is generally a more powerful force that overwhelms many investors during periods of steep losses in stock prices.

Even though they don’t plan to liquidate the investment for decades, many investors panic during market corrections and bear markets; causing them to miss out on the often sharp recovery in prices that follows.

Being a long-term investor is more about inner attitude, about positive mindset and about behavior then the asset holding timeframe. Being a long-term investor requires a confidence based on clarity of purpose, rigorous research, and insightful analysis.

Long-term investors should invest in sustainable and growing companies – companies that are likely to be around and that are increasing their intrinsic value for the long term.

Behavior is an essential value of a long-term investor since behavior drives results. Thus, staying calm during a downturn is indeed a critical quality of any long-term investor,

For long-term investors, if you are clear about your investment principles, confident in your investment’s thesis, and genuinely believe in your investment strategy, a market downturn is the best time to invest in companies.

Overall, investing is all about focusing on your financial goals and ignoring the noise and mania of the markets and the financial media. That means buying and holding for the long term, regardless of any news that might move you to try and time the market. “There is only one way of investing, and that is long term,” says Vid Ponnapalli, a CFP and owner of Unique Financial Advisors and Tax Consultants in Holmdel, N.J.

Investor, Mohnish Pabrai, says it best, “You don’t make money when you buy stocks, and you don’t make money when you sell stocks. You make money by waiting.”

“Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can’t produce a baby in one month by getting nine women pregnant.” Warren Buffett


References:

  1. https://www.forbes.com/advisor/investing/tips-for-long-term-investing/
  2. https://www.institutionalinvestor.com/article/b18x07sykt3psy/What-Long-Term-Investor-Really-Means
  3. https://www.forbes.com/sites/forbes-shook/2022/05/10/an-investors-mind-6-ways-it-can-block-the-path-to-long-term-wealth/?sh=7ca749405f7c

Inspiring Story: Small Actions can Pay Big Dividends

“If you cannot do great things, do small things in a great way.” – Napoleon Hill

A man was asked to paint a boat. He brought his paint and brushes and began to paint the boat a bright red, as the owner asked him.

While painting, he noticed a small hole in the hull, and quietly repaired it.

When he finished painting, he received his money and left.

The next day, the owner of the boat came to the painter and presented him with a nice check, much higher than the payment for painting.

The painter was surprised and said “You’ve already paid me for painting the boat Sir!”

“But this is not for the paint job. It’s for repairing the hole in the boat.”

“Ah! But it was such a small service… certainly it’s not worth paying me such a high amount for something so insignificant.”

“My dear friend, you do not understand. Let me tell you what happened:

“When I asked you to paint the boat, I forgot to mention the hole.

“When the boat dried, my kids took the boat and went on a fishing trip.

“They did not know that there was a hole. I was not at home at that time.

“When I returned and noticed they had taken the boat, I was desperate because I remembered that the boat had a hole.

“Imagine my relief and joy when I saw them returning from fishing.

“Then, I examined the boat and found that you had repaired the hole!

“You see, now, what you did? You saved the life of my children! I do not have enough money to pay your ‘small’ good deed.”

So no matter who, when or how, continue to help, sustain, wipe tears, listen attentively, and carefully repair all the ‘leaks’ you find. You never know when one is in need of us, or when God holds a pleasant surprise for us to be helpful and important to someone.

Along the way, you may have repaired numerous ‘boat holes’ for several people without realizing how many lives you’ve save.

Make a difference….be the best of you

So, no matter who, when, or how… just continue to help, sustain, wipe tears, listen attentively and carefully repair all the ‘leaks’ you find, because you never know when one is in need.

Along the way, you may have repaired numerous ‘boat holes’ for several people without realizing how many lives you’ve save.


References:

  1. https://www.kindspring.org/story/view.php?sid=137702
  2. https://motivateus.com/stories/hole-in-the-boat.htm

“Those who joyfully leave everything in God’s hand will eventually see God’s hand in everything. Worries end when faith begins.” – Nishan Panwar

Working on Your Goals and Expressing Gratitude Everyday

“With whatever you are struggling to master in your life, create a small habit or routine that gets you one step closer to it each and every day. ” Brendon Burchard

Now more than ever is the time to really appreciate the small, meaningful moments in life. It’s time you stop waiting for ” the anvil of purpose” to fall onto your head and suddenly everything, like life’s vision, purpose and meaning, become clear!

Instead, sit down with yourself and really think about what that purpose, that meaning, that vision for your life can really be.

There is no better time than the present to start this journey of self-exploration and find the ways in which you can truly feel alive, fulfilled, and happy in this life.

Thus, it’s important to make getting better everyday and self-improvement a way of life. It’s important to:

  • Begin the journey to think about and clarify your life’s vision, purpose and meaning.
  • Focus more on expressing gratitude and incorporating everyday wins back into your week and taking the time to appreciate them and let them sink in.
  • Focus more on your habits and long-term goals, and connecting back to your vision and purpose.

In the past, how many times did you achieve something or have special moments with your kids, spouse or friends, only to quickly move on to the next thing?

Life is so short to breeze by these special moments and not appreciate them. Really take the time to feel the day and fill your heart with gratitude. You’ll be happier too!

There’s still time to reclaim your day and schedule activities that add real value and meaning back into your routine. By pursuing your dream for 2 minutes or even 30 minutes every single day.

Don’t wait until next weekend when you might have the time for your goals and vision. Tomorrow isn’t guaranteed and that big dream of yours isn’t going to materialize if you keep pushing it off.

Break down your big audacious goals into quarterly, monthly, weekly, and daily goals. Work on your goals every single day and you will move the needle in your progress and success.

Additionally, if you want to achieve your goals, you should develop a growth mindset. A growth mindset allows you to explore more, take more risks, try new things, and grow more into what you’re capable.

The Power of Reflection

Clarity only happens when you reflect on your long term goals, habits and relationships — daily. It might be time to take a hard, unflinching look at your own performance in these important areas of your life.

When you live a life with intention each day, that brings about true purpose and meaning to your life. And when your days are filled with more purpose and meaning — more happiness and fulfillment tends to follow. And isn’t that the ultimate goal? To live a happy, purposeful and meaningful life.

Personal growth, goals and purpose are things that must be worked on everyday, otherwise you will lose touch with them.

Your Wealth Building and Financial Freedom Coach,


References:

  1. https://growthday.com
  2. https://www.growthday.com/hps-v4

Small, daily actions can gather momentum to become an unstoppable force of change.

  • Outcome – goals and vision
  • Process – habits and systems
  • Identity – mindset, beliefs and thoughts

It’s not too late to prioritize your health and wellness, explains Brendon Burchard,

! If you haven’t already, put your health at the forefront and do everything you can to get your healthy eating, sleep, and exercise routine in place. Because small, daily actions can gather momentum to become an unstoppable force of change.

Attitude of Gratitude Tips

“Gratitude heals, energizes, and transforms lives.” Robert Emmons, Ph.D.

How often do you feel thankful for the good things in your life? Studies suggest that making a habit of noticing what’s going well in your life and practicing gratitude could have wealth, health and emotional well-being benefits, according to the National Institute (NIH) of Health News in Health.

The author of “The Millionaire Mind”, Dr. Thomas J. Stanley, tells a terrific story of meeting with several former University of Alabama football players of the legendary Coach Paul ‘Bear’ Bryant, who were all successful business owners and senior executives in companies.  Dr. Stanley asked questions of the former football players. Instead of asking the typical questions, the author asked a simple very focused question.  What is the first thing you learned from Coach Bryant.  All of the former players tell a similar story:

On the first day of football practice, Coach Bryant asked them one question. “Have you called your parents to thank them?” He then says, “None of you got here on your own.  It required your parents to sacrifice many days taking you to little league practices, school, and feeding you and ensuring that you could play football and ultimately be on this team.  None of us got here on our own and we will not win on our own.”

The message from coach Bryant was clear.  You must have an ‘attitude of gratitude’ and realize we all need each other to get where we want to go.

Consequently, the millionaires in the study discussed within the book, “The Millionaire Mind”, agreed with coach Bryant’s assertion. To be successful and to successfully build wealth, you should have an ‘attitude of gratitude’.

Gratitude has two key components, according to Robert Emmons, Ph.D., Director, The Greater Good Science Center at the University of California, Berkeley, and perhaps the world’s leading scientific expert on gratitude.

  • “It’s an affirmation of goodness.” Gratitude permits you “to affirm that there are good things in the world, gifts and benefits” you’ve received.
  • It “…recognizes that the sources of this goodness are outside of yourself … You acknowledge that other people—or even higher powers, if you’re of a spiritual mindset—gave you many gifts, big and small, to help you achieve the goodness in your life.”

The social dimension of gratitude is especially important. It requires you to see how you’ve been “supported and affirmed by other people”. In other words, the grateful person accepts all of life as a precious gift. It does not mean that everything that occurs in life is pleasant and good…bad things and problems will continue to occur in your life. Instead, it implies that we are grateful for both life’s problems (or challenges) and life’s blessings.

Because gratitude encourages us not only to appreciate gifts but to repay them (or pay them forward), the sociologist Georg Simmel called it “the moral memory of mankind.” This is how gratitude may have evolved: by strengthening bonds between members of the same species who mutually helped each other out.

Taking the time to feel gratitude can improve your wealth, health and emotional well-being by helping you cope with stress. Research suggests that a daily practice of gratitude could affect the body, too. For example, one study found that gratitude was linked to fewer signs of chronic inflammation and heart disease.

When life gets challenging, it can be difficult to focus on all the good things we have to be thankful for. Our brains are hardwired to consider the worst possible scenario and remember negative experiences to avoid pain and stay safe.

Gratitude is one way to counteract our natural bias towards negativity and to boost happiness and overall well-being.

The first step in any gratitude practice is to reflect on and appreciate the good things that have happened or are happening in your life. These can be big or little things. It can be as simple as finding a good parking space in your workplace garage or enjoying a cup of Starbucks coffee. Or, perhaps you feel grateful for a close friend’s unexpected cellphone call or compassionate support.

Next, allow yourself a moment to enjoy and appreciate that you had the positive experience, no matter what problems may exist in your life. Focus on and embrace the positive feelings of gratitude.

“We encourage people to try practicing gratitude daily,” advises Dr. Judith T. Moskowitz, a psychologist at Northwestern University. “You can try first thing in the morning or right before you fall asleep, whatever is best for you.”

When you make gratitude a regular habit, it can help you learn to recognize good things in your life despite the bad things and problems that might be happening.

The bottomline is to create positive emotions by being thankful and practicing gratitude every day by following these tips:

  • Take a moment. Think about the positive things that happened during the day.
  • Joy it Down in a Gratitude Journal. Make a habit of writing down things you’re grateful for. Try listing 3 to 5 things for thirty days.
  • Savor and be thankful for your experiences. Try to notice positive moments as they are happening.
  • Relive the good times. Relive positive moments later by thinking about them or sharing them with others.
  • Write to someone. Write a letter to someone you feel thankful toward. You don’t have to send it.
  • Make a visit. Tell someone you’re grateful for them in person.

In short, gratitude heals, energizes, and transforms lives, says Emmons. Religions and philosophies have long embraced gratitude as an indispensable manifestation of virtue, and an integral component of health, wholeness, and well-being.


References:

  1. Stanley, Ph.D, Thomas J., (August 2, 2001), The Millionaire Mind, Kansas City: Andrews McMeel Publishing
  2. https://newsinhealth.nih.gov/2019/03/practicing-gratitude
  3. https://selfdevelopmentaddict.com/2014/12/20/the-millionaire-mind-book-summarynotes/
  4. https://healthmatters.idaho.gov/an-attitude-of-gratitude/

Living the Life of Your Dreams

“The only way to do great work is to love what you do. If you haven’t found it yet, keep looking. Don’t settle. As with all matters of the heart, you’ll know when you find it.” Steve Jobs

Your time is limited, so don’t waste it living someone else’s life or one devoid of purpose. Don’t be trapped by dogma — which is living with the results of other people’s thinking, writes Excellence Reporter in a 2019 article. Don’t let the noise of others’ opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition.

“Life is to be lived and enjoyed in the moment,” says life coach Lamisha Serf-Walls. “Life is too short not to do what you love and when you are living the life your soul intended, you will experience freedom and bliss you never thought possible.”

Life can be much broader once you discover one simple fact: Everything around you that you call life was made up by people that were no smarter than you and you can change it, you can influence it, you can build your own things that other people can use. Once you learn that, you’ll never be the same or settle again.

“The mystery of human existence lies not in just staying alive, but in finding something to live for.” Fyodor Dostoevsky

You should never have a life’s purpose or live a life with the primary goal of getting rich and building wealth. Money can only be a tool used to achieve a goal or life’s purpose. It should never be your primary goal or purpose.

Instead, your goal and puri should be to value or serve others, to work towards something you believe in and to live a life that matters. You should be building wealth to serve others, to make the world better in some small way or to solve a problem. “Never work just for money or for power. They won’t save your soul or help you sleep at night”, states Marian Wright Edelman.

Additionally, let your passion lead you to your purpose. “If you can’t figure out your purpose, figure out your passion. For your passion will lead you right into your purpose. says Bishop T.D. Jakes  Be candid and honest with yourself about what your passions are. What really lights you up and makes you happy? What would you do if money weren’t a concern and you weren’t afraid? Let your passion lead you to your purpose.

Whether you start writing for fun, volunteer at a shelter, or start a new business, take some action today. Your passion will catapult you forward to more of the same and in no time you will find yourself living the life of your dreams!

According to Johann Wolfgang von Goethe, a German poet, playwright, novelist, and scientist, there are nine requisites for contented and purposeful living:

  1. Health enough to make work and life a pleasure.
  2. Wealth enough to support your needs.
  3. Strength to battle with difficulties and overcome them.
  4. Grace enough to confess your sins and forsake them.
  5. Patience enough to toil until some good is accomplished.
  6. Charity enough to see some good in your neighbor.
  7. Love enough to move you to be useful and helpful to others.
  8. Faith enough to make real the things of God.
  9. Hope enough to remove all anxious fears concerning the future.

“Everyone has a purpose in life…a unique gift or special talent to give to others. And when we blend this unique talent with service to others, we experience the exctasy and exultation of our own spirit, which is the ultimate goal of goals.” Deepak Chopra


References:

  1. https://www.huffpost.com/entry/live-your-life_b_6631456
  2. https://www.thegrowthreactor.com/quotes-about-purpose-in-life/
  3. https://excellencereporter.com/2019/06/11/steve-jobs-on-the-wisdom-and-the-purpose-of-life/
  4. https://excellencereporter.com/2021/11/29/johann-wolfgang-von-goethe-on-the-wisdom-and-the-purpose-of-life/

Tips to Feel Better – Mindfulness

“Mindfulness gives you time. Time gives you choices. Choices, skillfully made, lead to freedom.” – Bhante Henepola Gunaratana

Feeling good means that your body and mind are working at their peak level, and you have a general sense of well-being, says David Rakel, MD, founder and the director of the integrative medicine program at the University of Wisconsin (UW). The vision of the UW’s program is “Inspiring health and wellness in patients, communities, and ourselves”.

Life is short and a precious gift. Thus, it’s critical to enjoy and live fully each day To feel good day after day, Rakel suggests:

Stay focused on the present moment.

“If we can learn to recognize the clutter that our mind is in and learn to be more mindful of the present moment, that can be a tremendous asset to our overall sense of well-being,” Rakel says. The “clutter” that can make you feel bad includes regret about the past and worry that bad things might happen to you.

A practice called mindfulness can help you reduce the clutter by keeping your focus on the present moment. Mindfulness means maintaining a moment-by-moment awareness of our thoughts, feelings, bodily sensations, and surrounding environment, through a gentle, nurturing lens.

Mindfulness also involves acceptance, meaning that we pay attention to our thoughts and feelings without judging them—without believing, for instance, that there’s a “right” or “wrong” way to think or feel in a given moment. When we practice mindfulness, our thoughts tune into what we’re sensing in the present moment rather than rehashing the past or imagining the future.

To be more mindful, try to:

  • Take in the colors, sounds, and smells that surround you at any given time.
  • Pay attention to your breath moving in and out of your body for a few moments.
  • Let worrisome thoughts flow out of your mind when they pop up, rather than giving them attention and dwelling on them.

Studies have shown that practicing mindfulness, even for just a few weeks, can bring a variety of physical, psychological, and social benefits. Here are some of these benefits according to The Greater Good Science Center at the University of California, Berkeley, which extend across many different settings.

  • Mindfulness is good for your bodies: A seminal study found that, after just eight weeks of training, practicing mindfulness meditation boosts your immune system’s ability to fight off illness. Practicing mindfulness may also improve sleep quality.
  • Mindfulness is good for your minds: Several studies have found that mindfulness increases positive emotions while reducing negative emotions and stress. Indeed, at least one study suggests it may be as good as antidepressants in fighting depression and preventing relapse.
  • Mindfulness changes our brains: Research has found that it increases density of gray matter in brain regions linked to learning, memory, emotion regulation, and empathy.
  • Mindfulness helps you focus: Studies suggest that mindfulness helps you tune out distractions and improves your memory, attention skills, and decision-making.

In addition to mindfulness, it’s important to try to stay positive and focus on the positive.

The same event can happen to two people, and one views it as a positive and one views it as a negative. So try to see the good side of the things and people around you; it can help you stay free of anxiety and depression, Rakel says.

And, there is a strong connection between psychological health and longevity. In fact, optimism, purpose, and happiness have all been tied to living longer, suggesting you may want to cultivate these attributes in your life.

“How we pay attention to the present moment largely determines the character of our experience, and therefore, the quality of our lives.” – Sam Harris

Make a spiritual connection.

Rakel defines this as spending time on “that which gives your life meaning and purpose.”This could be your religious beliefs, enjoying nature, or sharing moments with loved ones. “If we get up in the morning excited about something that gives us meaning and self-purpose, our bodies do all they can to heal,” he says.

Be around people.

Having a good support network of family, friends, coworkers, and other people who care about you can help you stay healthier, feel less stressed, and even live a longer life. Spend time with these people regularly, and work to keep your relationships with them strong.

Bottomline, by being mindful, you can train yourself to live in the present moment to handle life’s challenges with a clear mind to help you feel better and live your best life.

Focus on good health and emotional well-being.

“Mindfulness is deliberately paying full attention to what is happening around you– in your body, heart, and mind. Mindfulness is awareness without criticism or judgment.” – Jan Chozen Bays

Healthy aging

If you want to live a long, healthy life as you age, it’s important to keep physically healthy by eating right, exercising, and getting enough sleep.

People with significantly higher than average life satisfaction, positive feelings, purpose in life, or optimism at age 50 lived an average of five to eight additional years. “Achieving high levels of these aspects of well-being have really important impacts on people living longer and healthier lives,” says researcher Jennifer Boylan, University of Michigan’s Health and Retirement Study. “Their presence is worth focusing on more than it has been.”


References:

  1. https://www.webmd.com/balance/features/more-energy
  2. https://greatergood.berkeley.edu/topic/mindfulness/definition#why-practice-mindfulness
  3. https://greatergood.berkeley.edu/article/item/four_keys_to_wellbeing_that_may_help_you_live_longer

Duke’s Coach Mike Krzyzewski Career Ends

“It is not the critic who counts, not the one who points out how the strong man stumbled or how the doer of deeds might have done them better. The credit belongs to the man who is actually in the arena, whose face is marred with sweat and dust and blood; who strives valiantly; who errs and comes short again and again; who knows the great enthusiasms, the great devotions, and spends himself in a worthy cause; who, if he wins, knows the triumph of high achievement; and who, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who know neither victory nor defeat.” Teddy Roosevelt

One of the most impressive coaching careers in NCAA basketball history ended Saturday, April 2, 2022, when Duke Blue Devils men’s basketball team lost to North Carolina Tar Heels in Coach Krzyzewski’s 13th and last Final Four appearance in New Orleans. The loss shut down his bid for a sixth national title.

The loss marked the end of Mike Krzyzewski’s illustrious head coaching career – one that started at the U.S. Military Academy in 1975 before he took the Duke job in 1980. Krzyzewski, a West Point grad, played point guard at West Point from 1966-1969 under Coach Bob Knight and then spent 1969-1974 serving in the U.S. Army, coaching three different service teams.

In a 2018 Military Times article, Krzyzewski, the 75-year-old grandfather of 10, called West Point “the best leadership school in the world.” 

Regarding his tenure as head coach, “I’ve been blessed to be in the arena,” Krzyzewski said. “And when you’re in the arena, you’re either going to come out feeling great or you’re going to feel agony. But you always will feel great about being in the arena. And I’m sure that’s the thing when I’ll look back that I’ll miss. … But damn, I was in the arena for a long time. And these kids made my last time in the arena an amazing one.”

Krzyzewski’s coaching career ends with a victory total of 1,202 — including 101 in the NCAA Tournament.


References:

  1. https://nypost.com/2022/04/03/an-epic-ending-for-mike-krzyzewski-the-man-in-the-arena/

Seven Steps to Success: John C. Maxwell

“Attitude is the first quality that marks the successful man. If he has a positive attitude and is a positive thinker, who likes challenges and difficult situations, then he has half his success achieved.” John C. Maxwell

Although there is not a perfect formula to be successful, everyone has the capability to become successful. Success is a journey that you create for yourself if you strongly desire it and act on it. And, success can be learned and attained by you and everyone else. One ‘tried and true’ way to learn about becoming successful is to study the success of other people.

And that is what John C. Maxwell* has done. After over nearly fifty years of knowing successful people and studying the subject, John C. Maxwell has taught millions the principles of success and has embraced the following definition of success:

Success is…

  • Knowing your purpose in life,
  • Growing to reach your maximum potential, and
  • Sowing seeds that benefit others.

By this definition, success is a journey rather than a destination. No matter how long you live or what you decide to do in life, you will never exhaust your capacity to grow toward your potential, nor will you run out of opportunities to help others.

Additionally, Maxwell has developed a process of seven steps for success that are available to you and anyone else who desires to study and pursues the journey of success:

1. Make a commitment to grow daily.

“Success is… knowing your purpose in life, growing to reach your maximum potential, and sowing seeds that benefit others.” John C. Maxwell

Success comes from growing, not from achieving, acquiring or advancing. If you commit to growing each day, you will soon start noticing positive results in your life. Every action that you take towards growing will bring you closer to success, it doesn’t matter how small your action is or how slow you go as long as you keep going. As the poet Robert Browning said, “Why stay on earth except to grow?”

2. Value the process more than events.

“You’ll never change your life until you change something you do daily. The secret of your success is found in your daily routine.” John C. Maxwell

If your goal is to go to the next level in life, then strive for continuous improvement. Events in life are temporary, they teach you how to make better decisions. However, it is the process of change and growth that have lasting value. Choose to embrace the process and learn from both, the process and the event.

3. Don’t wait for inspiration.

“If you start today to do the right thing, you are already a success even if it doesn’t show yet.” John C. Maxwell

People who advance far in life find ways to motivate themselves and live the best they can regardless of how they feel. At times, they even have to push themselves to do something. Successful people persevere. Basketball great Jerry West said, “You can’t get much done in life if you only work on the days when you feel good.”

4. Be willing to sacrifice pleasure for opportunity.

“Success is peace of mind, which is a direct result of self-satisfaction in knowing you did your best to become the best that you are capable of becoming.” John C. Maxwell

There are two paths to follow: “You can play now and pay later, or pay now and play later. You choose whether you will first want to pay or play. Regardless of the path you choose to take, life will always demand a payment. If you choose “to pay first,” you will be more pleased with your results and enjoy greater and sweeter rewards

5. Dream big.

“Where success is concerned, people are not measured in inches, or pounds, or college degrees, or family background; they are measured by the size of their thinking.” John C. Maxwell

If you’re going to dream, dare to dream big. Dreaming small may keep you from discovering what you’re truly made of. Robert J. Kriegel and Louis Patler, authors of If Ain’t Broke, Brake It, assert, “We don’t have a clue as to what people’s limits are. All the tests, stopwatches, and finish lines in the world can’t measure human potential. When someone is pursuing their dream, they’ll go far beyond what seems to be their limitations. The potential that exists within us is limitless and largely untapped. When you think of limits, you create them.”

6. Plan your priorities.

“To Stay Focused in Life: You can’t know everyone. You can’t do everything. You can’t go everywhere. We have to pick and choose between good and a little bit better.” John C. Maxwell

Successful people have many things common and one of of them is that they have mastered the art of how to effectively manage their time. More than anything, they have organized themselves. Henry Kaiser, founder of Kaiser Aluminum and Kaiser Permanente Health Care, says, “Every minute spent in planning will save you two in execution. Time cannot be retrieved, so live every moment the best you can.

7. Give up to go up.

“One of the major keys to success is to keep moving forward on the journey, making the best of the detours and interruptions, turning adversity into advantage.” John C. Maxwell

Everything that has value comes as a result of making sacrifices. Life will present you with countless opportunities to trade something you value for something else. Keep your eyes open to identify those opportunities and once you do, make sure that what you decide to trade will be a trade up, not down.

In conclusion, “success is a journey” isn’t just a matter of words and ideas, it’s a matter of actions. It’s in you to act on what makes you achieve your success every day. Know that what may mean success to you may not mean success to others, and vice versa–and this is completely fine. Success implies diversity of thoughts, habits, behaviors, values, and attitudes.

“If you make it your discipline to do a little bit of growing every day, in just a few years you will be amazed by your transformation.” John C. Maxwell


References:

  1. https://www.johnmaxwell.com/blog/what-i-believe-about-success/
  2. https://www.linkedin.com/pulse/seven-steps-success-john-c-maxwell-ivette-k-caballero

* John C. Maxwell is an International Leadership Expert, Speaker, #1 New York Times bestselling author, coach, and speaker who has sold more than 26 million books in fifty languages. As the founder of The John Maxwell Company, The John Maxwell Team, EQUIP, and the John Maxwell Leadership Foundation, he has trained more than 6 million leaders. Dr. Maxwell speaks each year to Fortune 500 companies, presidents of nations, and many of the world’s top business leaders. For more information about him visit JohnMaxwell.com.

Positive Wealth Building Thoughts

“Wealth is the product of a man’s capacity to think.” – Ayn Rand

“We become what we think about.” — Earl Nightingale

Wealth building begins and ends with your mindset, thoughts and behaviors. Thus, it’s imperative to keep your thoughts focused on the positive, on success, on making an impact, on changing the world and on changing people’s lives for the better.

There is an old adage that goes:

  • Watch your thoughts, they become words.
  • Watch your words, they become actions.
  • Watch your actions, they become habits.
  • Watch your habits, they become your character.
  • Watch your character, it becomes your destiny.

You must not fix your eyes on current world conditions or even your own personal situation. Instead, you must focus on what you can control, on how you respond, and on how well you maintain a positive and winning mindset and attitude. Focus on the solution not the problem.

So, your keys to success tips include:

  1. Use only positive words while thinking and while talking. Use words such as, ‘I can’, ‘I am able’, ‘it is possible’, ‘it can be done’, etc.
  2. Allow only feelings of happiness, strength and success into your awareness.
  3. Every time a negative thought finds its way into your mind, immediately replace it with a positive thought or an affirmation.
  4. In your conversation, use words that bring forth feelings and mental images of strength, happiness and success.
  5. Before starting with any plan or action, visualize clearly in your mind its successful outcome.
  6. Read at least one page of an inspiring book or an inspiring article every day.
  7. Associate yourself with people who think positively.
  8. Act courageous. Always sit and walk with your back straight. This will strengthen your confidence and inner strength.

In order to build wealth and to achieve financial freedom, you must develop a wealth building mindset and follow a deliberate plan. As you will discover, your wealth grows to the extent that you do.

“We become what we think about most of the time, and that’s the strangest secret.” – Earl Nightingale

Bottomline…for success, keep your focus and thoughts on wealth building!!! Because, what you focus on expands and establishing habits is the key to expansion.

Don’t focus on the problems your dealing with today or the conditions of the world; fix your eyes on your systems, habits and the destination.

Napoleon Hill describes success as the product of having a definite objective. In achieving that objective, you need a clear definite aim and a definite plan to get there.

A definite chief aim means in simple terms that you must have a clear objective that you are aiming to achieve. Success — building wealth and achieving financial freedom — will not come to you and you will not be able to manifest what you want, unless you know what you want.

Success is ultimately achieved by focusing on a clear objective, and pursuing that objective deliberately and with all the means at your disposal. In simple terms, success is simple, but not easy.

“Whatever the mind of man can conceive and believe it can achieve.” Napoleon Hill

Actually, you just have to be exceptionally clear about what you are trying to achieve, passionate about achieving it, comfortable and happy that what you’re doing matches your values: and finally, and perhaps more important than anything else, you must believe that you can achieve it, you must expect to do so, and you must have a plan to achieve it.

So it’s imperative that you use the power of your thoughts and mind to focus on the positive aspects of your life. This works similarly to building strength in the muscles of your body. As you focus on what’s going right in your life, it will grow and expand like a muscle.

What you focus on grows and expands!


References:

  1. https://www.therealsecretofsuccess.com/napoleon-hill/
  2. https://activerain.com/blogsview/5155111/what-you-focus-on-expands

Summary: The 7 Habits of Highly Effective People

“Dependent people need others to get what they want. Independent people can get what they want through their own effort. Interdependent people combine their own efforts with the efforts of others to achieve their greatest success.” Stephen R. Covey

Stephen R. Covey’s seminal book, The 7 Habits of Highly Effective People, remains relevant because it focuses on timeless principles of fairness, integrity, honesty, and human dignity. It’s timeless principles are also extremely relevant for those desiring to develop a wealth mindset and to build wealth.

In his book, Covey argues that it’s your character that needs to be cultivated to achieve effectiveness and sustainable success, not your personality and behavior. Effectively, what we are says far more than what we say or do.

Character is closely related to moral and ethical values. It focuses on the traits that are unique to a person. Character is often regarded as the true self, meaning that it represents deep rooted attributes possessed by a person.

While, personality is often referred to as the mask identity of a person. It is reflected by the outer appearance and behavior that may or may not be true to inner character.

In a nutshell, the seven habits of highly effective people are:

  1. You take initiative. “Be proactive.”
  2. You focus on goals. “Begin with the end in mind.”
  3. You set priorities. “Put first things first.”
  4. You only win when others win. “Think win/win.”
  5. You communicate. “Seek first to understand, then to be understood.”
  6. You cooperate. “Synergize.”
  7. You reflect on and repair your deficiencies…you focus on your well-being. “Sharpen the saw.”

In short, you are what you habitually do, so adopt productive habits. You have the ability to improve your habits and your life.

Covey’s seven habits are composed of the primary principles of character upon which happiness and success are based. Rather than focusing on altering the outward manifestations of your behavior and attitudes, it aims to adapt your inner core, character, and motives.

Your character is a composite of your habits, which factors heavily in your life. Because habits are consistent, unconscious patterns, they constantly express your character and result in your effectiveness or ineffectiveness. Habits are deeply ingrained and you are constantly pulled in their direction. Breaking deeply imbedded, habitual tendencies such as procrastination, impatience, criticalness or selfishness that inhibit effectiveness involves more than simple willpower or a few minor changes.

“What we are communicates far more eloquently than anything we say or do.” Stephen R. Covey

A habit is the intersection of knowledge, skill, and desire:

  • Knowledge is the theoretical paradigm, the what to do and the why.
  • Skill is the how to do.
  • Desire is the motivation, the want to do.

Creating a habit requires work in all three dimensions–to listen, knowing how to listen and to want to listen. By working on knowledge, skills, and desire, we can break through to new levels of personal and interpersonal effectiveness as we break from old paradigms. 

Paradigms (another term for mindset) are powerful because they create the lens through which we see the world… “If you want small changes in your life, work on your attitude. But if you want big and primary changes, work on your paradigm.” – Dr. Stephen R. Covey

Habit 1: Be Proactive – Principle: I am free to choose and am responsible for my choices.

Your life doesn’t just “happen.” Whether you know it or not, it is carefully designed by you. The choices, after all, are yours. You choose happiness. You choose sadness. You choose decisiveness. You choose ambivalence. You choose success. You choose failure. You choose courage. You choose fear. Just remember that every moment, every situation, provides a new choice. And in doing so, it gives you a perfect opportunity to do things differently to produce more positive results.

Habit 1: Be Proactive is about taking responsibility for your life. You can’t keep blaming everything on your parents or grandparents. Proactive people recognize that they are “response-able.” They don’t blame genetics, circumstances, conditions, or conditioning for their behavior. They know they choose their behavior.

All external forces act as stimuli that we respond to. Between the stimulus and the response is your greatest power–you have the freedom to choose your response. One of the most important things you choose is what you say. Your language is a good indicator of how you see yourself. A proactive person uses proactive language–I can, I will, I prefer, etc.

Being proactive means more than taking initiative. It means we are responsible for our own lives. Our behavior is a function of our decisions, not our conditions. 

“It’s not what happens to us, but our response to what happens to us that hurts us.” Stephen R. Covey

Habit 2: Begin with the End in Mind – Principle: Mental creation precedes physical creation.

Sometimes people find themselves achieving victories that are empty–successes that have come at the expense of things that were far more valuable to them. If your ladder is not leaning against the right wall, every step you take gets you to the wrong place faster.

Habit 2 is based on imagination–the ability to envision in your mind what you cannot at present see with your eyes. It is based on the principle that all things are created twice. There is a mental (first) creation, and a physical (second) creation. The physical creation follows the mental, just as a building follows a blueprint.

If you don’t make a conscious effort to visualize who you are and what you want in life, then you empower other people and circumstances to shape you and your life by default. It’s about connecting again with your own uniqueness and then defining the personal, moral, and ethical guidelines within which you can most happily express and fulfill yourself.

Begin with the End in Mind means to begin each day, task, or project with a clear vision of your desired direction and destination, and then continue by flexing your proactive muscles to make things happen.

Covey states that the most effective way to begin with the end in mind is to create a personal mission statement. It should focus on the following:

  • What you want to be (character)
  • What you want to do (contributions and achievements)
  • The values upon which both of these things are based

In time, your mission statement will become your personal constitution. It becomes the basis from which you make every decision in your life. By making principles the center of your life, you create a solid foundation from which to flourish.

To begin with the end in mind means to start with a clear understanding of your destination. You need to know where you are going in order to better understand where you are now so that the steps you take are always in the right direction. 

Habit 3: Put First Things First – Principle: Effectiveness requires the integrity to act on your priorities.

Habit one encourages you to realize you are in charge of your own life, and habit two is based on the ability to visualize and to identify your key values. Habit 3 is the practical fulfillment of Habits 1 and 2. Habit 1 says, “You are the creator. You are in charge.” Habit 2 is the first mental creation, based on imagination, the ability to envision what you can become. Habit 3 is the second creation, the physical creation. It focuses on the practice of effective self-management. By asking yourself the above questions, you become aware that you have the power to significantly change your life in the present.

To live a more balanced existence, you have to recognize that saying no to everything that comes along is okay. There’s no need to overextend yourself. All it takes is realizing that it’s all right to say no when necessary and then focus on your highest priorities.

Habit three concerns itself with putting the most important things first. This means cultivating the ability to say no to things that don’t match your guiding principles. To manage your time effectively, your behaviors and actions must adhere to the following habit 5 concepts:

  1. They must be principle-centered.
  2. They must be conscience-directed, meaning that they give you the opportunity to organize your life in accordance with your core values.
  3. They define your key mission, which includes your values and long-term goals.
  4. They give balance to your life.
  5. They are organized weekly, with daily adaptations as needed.

The focus is on improving relationships and results, not on maximizing your time.

Habit 4: Think Win-Win – Principle: Effective, long-term relationships require mutual respect and mutual benefit.

Think Win-Win is a character-based code for human interaction and collaboration.

Win-win sees life as a cooperative arena, not a competitive one. Win-win is a frame of mind and heart that constantly seeks mutual benefit in all human interactions. Win-win means agreements or solutions are mutually beneficial and satisfying.

To adopt a win/win mindset, you must cultivate the habit of interpersonal leadership. This involves exercising each of the following traits when interacting with others:

  • Self-awareness
  • Imagination
  • Conscience
  • Independent will

To be an effective win/win leader, Covey argues that you must embrace five independent dimensions:

  1. Character: This is the foundation upon which a win/win mentality is created, and it means acting with integrity, maturity, and an “abundance mentality” (i.e., there is plenty of everything for everyone, one person’s success doesn’t threaten your success).
  2. Relationships: Trust is essential to achieving win/win agreements. You must nourish your relationships to maintain a high level of trust.
  3. Agreements: This means that the parties involved must agree on the desired results, guidelines, resources, accountability, and the consequences.
  4. Win/win performance agreements and supportive systems: Creating a standardized, agreed-upon set of desired results to measure performance within a system that can support a win/win mindset.
  5. Processes: All processes must allow for win/win solutions to arise.

Win/Win is not a technique; it’s a total philosophy. This frame of mind and heart constantly seeks mutual benefit in all human interactions. It’s not your way or my way; it’s a better way, a higher way.

Habit 5: Seek First to Understand, Then to Be Understood – Principle: To communicate effectively, we must first understand each other.

Communication is the most important skill in life. You spend years learning how to read and write, and years learning how to speak. But what about listening?

If you’re like most people, you probably seek first to be understood; you want to get your point across. And in doing so, you may ignore the other person completely, pretend that you’re listening, selectively hear only certain parts of the conversation or attentively focus on only the words being said, but miss the meaning entirely.

Seek first to understand involves a deep shift in paradigm. We typically seek first to be understood. Instead, most people listen to the reply. They’re either speaking or preparing to speak. 

Habit 6: Synergize – Principle: The whole is greater than the sum of its parts.

To put it simply, synergy means “two heads are better than one.” Synergize is the habit of creative cooperation. It is teamwork, open-mindedness, and the adventure of finding new solutions to old problems.

Synergy is the highest activity in all life – the true test and manifestation of all the other habits combined. Synergy catalyzes, unifies, and unleashes the greatest powers within people. Simply defined, synergy means that the whole is greater than the sum of its parts. 

Habit 7: Sharpen the Saw – Principle: To maintain and increase effectiveness, we must renew ourselves in body, heart, mind, and spirit.

Sharpen the Saw means preserving and enhancing the greatest asset you have–you. It means having a balanced program for self-renewal in the four areas of your life:

  • Physical: exercise, nutrition and sleep
  • Social/Emotional: meaningful human connections and relationships
  • Mental: learning, visualizing, acquiring new knowledge, growing
  • Spiritual: mindfulness, art, meditation, music, time in nature, prayer and service

As you renew yourself in each of the four areas, you create growth and change in your life. Sharpen the Saw keeps you fresh so you can continue to practice the other six habits. You increase your capacity to produce and handle the challenges around you. Without this renewal, the body becomes weak, the mind mechanical, the emotions raw, the spirit insensitive, and the person selfish.

Feeling good doesn’t just happen. Living a life in balance means taking the necessary time to renew yourself. Remember that every day provides a new opportunity for renewal–a new opportunity to recharge yourself instead of hitting the wall. All it takes is the desire, knowledge, and skill.

Habit 7 makes all of the other Habits possible. When you sharpen the saw, you preserve and enhance the greatest asset you have – yourself. 

In conclusion, real change comes not from the outside in, but from the inside out, explains Covey. And the most fundamental way of changing yourself is through a paradigm shift.

There are so many people out there who are excelling in their work lives but failing miserably in their personal lives. They’re a success story on the outside but their lives are falling apart. Their problems are deep and painful. A quick fix doesn’t work in this case. To change such situations, you have to improve yourself and your mindset.

A paradigm is a way you see and perceive the world. Like a map of a territory, a paradigm is a model of something else. Two people can see the same thing and interpret it differently, and they’ll both be correct. It’s not logical but psychological.

Your paradigms affect the way you interact with people.

“Of course, things can hurt us physically or economically and can cause sorrow. But our character, our basic identity, does not have to be hurt at all.” Stephen R. Covey


References:

  1. https://resources.franklincovey.com/mkt-7hv1/the-7-habits-of-highly-effective-people
  2. https://www.oberlo.com/blog/7-habits-of-highly-effective-people-by-stephen-covey-summary
  3. https://www.stratechi.com/7-habits/
  4. https://www.nps.gov/common/uploads/teachers/lessonplans/7%20Habits-of-Highly-Effective-People.pdf
  5. https://earlgreyninja.com/the-7-habits-of-highly-effective-people-stephen-r-covey/