Monday, November 26, 2012

Acting in spite of fear

Thoughts lead to feelings, feelings lead to actions, actions leads to results.

Real action is the cure to a lean purse. Take action, beat inaction. Action is the bridge between the inner world (thought, feelings) and the outer world (results). So if action is very important what then prevents us from making action?

Fear, doubt & worry are among the greatest obstacles to success. The rich people act in spite of fear, both the rich & poor people feel the fear. But only those who act despite of the fear achieves real success. They just don't let these feelings stop them.

As Harv Eker says "If you are going to let a three-hour drive of a three hour flight or a three day trek stop you from doing something you need and want to do, then what else will stop you? The answer: Anything. Anything will stop you. Not because of the size of the challenge but because of the size of you.

One must choose: If you the person who will be stopped or the person who is unstoppable? If you want real wealth or real success, you have to be a warrior. You must be willing to do whatever it takes. Train yourself not to be stopped by anything.

The road to success is never convenient, and is not easy. If you are willing to do only what's easy, life will be hard. But if you are willing to do whats hard, life will be easy.

In the beginning everything is uncomfortable, growth can only come if you are uncomfortable hence expanding your comfort zone.

We must train ourselves to do whatever it takes(as long as it does not compromises integrity & honesty) , and to act in spite of anything that might be on your way even fear.

When I joined the Truly Rich Club of Bo Sanchez I was fearful that it might not be worthy with the cost that I will spend. However, I am thankful that I was able to act in spite of the fear that I felt. Now I am earning from the stock market. It is through the Club that I learned how to make my money work for me.

Tuesday, November 13, 2012

Make your money work for you.

Harv Eker says in his book The Secrets of the Millionaire Mind "Rich people have their money work hard for them. Poor people work hard for their money".

Working hard for your money is as much more important as to make our money work hard for us. Working hard alone is not enough, there are a lot of people working very hard, all day and all night,  but are they rich? i don't think so, working hard alone is not enough we must develop the art of working smart.

Money is energy, the rich realize the value of working hard first for money, and then manage the money well, so it wont loose in their hands. Look for investment vehicle that will make more money for them, in a way that they don't have to be physically attending it to make them more money until one achieves a financial freedom. Where one does not work for money but working because its a choice and not a necessity.
Money working hard for you.

Rich people has a lot of passive income, one of these are stocks. The Philippine stocks now are so aggressive, the shares i brought a two years ago, are now 20 - 30 percent up. These is so amazing, i don't have to exert any work to get an increase of my stock shares.

Another form of passive income is business working for you like real estate rentals. The rich focus on buying assets, things that will likely to go up in value.

Having passive income will liberate you from 8-5 jobs.

Developing passive income is not enough one must have control of the fruits of the passive income, buying things for immediate gratification is nothing more than a futile attempt make up for our dissatisfaction in life. we must develop the skills of delayed gratification for the better.

Its so amazing that rich people have a lot of money and spend a little, while poor people have a little money and spend a lot.

Consider each dollars to be investment soldiers and their mission is freedom. but how do we arrive from our present situation to someone who has investments? the trick is to get educated learn about the investment world. Read your way out.

Join The Truly Rich Club. It guide you how to make your money work very hard for you.

Saturday, November 10, 2012

One way to save money: take care of what you have.

If there is one thing that we wanted to save, it would be the ultimate thing that we possess: our body all of us just got one, so if there is one thing that we want to last it would be our bodies.

Paying attention to preventive practices will save us a lot of money. Daily exercise like walking, flossing and brushing your teeth, these simple daily routine can help us save more in the future.

Eating vegetables and fruits refraining from the three white poisons: salt, sugar & flour will refrain us from expensive medical procedures. These can even help us live a long and healthy lives.

Doing the same extra care to all our other possessions will bring us the same favorable results. Regular house cleaning will result to none purchase of unhealthy and expensive pesticides. Using your ball pen until the ink runs out will save you from buying a new one.
                                           Take care of your body.

Humans always thought that their will always be more... more space in the ocean thinking that if we pollute these small little portion it will not matter in the ocean as a whole. If we cut the trees in the forest... we thought there are still more forest somewhere. Unfortunately, these is not how things work. Although mother earth, has its own healing strategy - there are always limits to all of these.

Hence, we must be aware that there are limits to everything, having more doesn't necessarily mean better.

Taking care of all our possessions is a best wealth strategy. Doing these will lead us to accumulate more of what we already have.

However, enriching our own personal value as in individual will bring us more wealth. In my personal experience I join the Truly Rich Club of Bo Sanchez, it helps me gain financial wealth and spiritual abundance.

Monday, November 5, 2012

Quest for a higher pay: A Matter of Attitude

A lot of my fellow employees believe that to have a higher income, we have to be at the mercy of outside forces - the boss, the wage scale, the recession, the poor local economy, the presidents economic policy and all other reasons.

This is the attitude of always looking for other people/reasons to blame for their circumstances. If you will always be looking for other people to blame and feeling sorry for yourself, you certainly fail to see a lot of opportunities that come your way.

Once you learn to change your attitude towards your work, you will experience a transformation of your performance in your job. Your attitude of being an employee will change to become more of an entrepreneur. Whenever you are working, you are working for your self.

The attitude that you show in your work will reflect the quantity and quality of your work, in your interactions with employers and fellow employees and your fearfulness about your job security.

But how do we change these kind of attitude? To do these one must cultivate a positive attitude of self-respect, pride in your contribution to your workplace, dedication to your job, cooperation with your employers and coworkers, desire to do the the job right, personal integrity, responsibility and accountability- commit to a 100% excellence.

These integrity and the increased quality and productivity of your work will easily qualify you for a pay raise (Your money or your life by Vicki Robin & Joe Dominguez).

Hence, there are times that you don't need to ask your employers to give you a pay raise, you certainly attract it and have it.

At the end of the day.. A job well done - does no other good but to the man who does it.

                                                           Happy Pay Raise

Aside from doing good on your job we must also realize that we need to increase our value as an individual.
What I did is I join the Truly Rich Club, of Bo Sanchez as my means to open myself to other forms of financial increases.

Tuesday, October 16, 2012

Being frugal is being an earth saver.

To save money or to be frugal means we are also taking part in saving the earth.

Every time we buy something we are not only consuming the item and other things that goes with it. All of those activity from the extraction of the raw materials to the process of manufacturing to produce say for example your flat screen TV are included in the price it cost you.

However, consciously or unconsciously we are not aware that during the process of manufacturing that certain product their are environmental cost that are not included like the pollution and waste it produces. We the consumers are the one paying and suffering for- the effects of pollution that lead to lung diseases, cancer, respiratory problems desertification, flooding, etc.

Every time we get money from our pocket we are helping the planet to look what it is now- and the way it will look in the coming generations. According to Pogo " We have meet the enemy and he is us". We should not be puzzled why the planet is polluted. we are the very culprit because of our demand for more, better and different stuff.

Saving money then is a major thing we can do for ourselves and mother earth. A form of creative frugality - for our wallets and our world.

The kinds of changes we may all need to keep  the environment viable will require some deliberate and courageous modifications of our current habits.

we must be active to choose a non-polluting pleasure and have twice the fulfillment- We must always remember that anything you buy and don't use, anything  you throw away, anything you consume and don't enjoy is money down the drain and wasting the finite resources of the planet.

Frugality then is one sure way to help build a better world.

-Source: Your money or Your life by Vicki Robin & Joe Dominguez

I have deliberately minimize my attitude towards consumerism, I am now learning to invest my money in the Philippine stocks. A sure way to accumulate money in the future.
Join the Truly Rich Club

Monday, September 24, 2012

Frugalit means to stop impressing other People.

One sure way to save money or to be frugal is to stop impressing other people.

Other people are so busy with themselves that they will not notice your effort in trying to impress them. Or the effort you made is no less different from the effort they are making to impress you. They are so busy with themselves that they will hardly notice that other people are trying to impress them.

In the foreword of Veblens book "The Theory of the leisure Class" as cited in the "Your money or your life" by Vicki Robin & Joe Dominguez.
"People above the line of base subsistence, in this age and all earlier ages, do not use the surplus, which society has given them, primarily for useful purposes. they do not seek to expand their won lives, to live more wisely, intelligently, understandingly, but to impress other people with the fact that they have a surplus.... spending money, time and effort quite uselessly in the pleasurable business of inflating the ego"

                                           Impressive? Photo source: The Fiesty Life

Once we stop impressing other people we can certainly save a thousand pesos. and see how impressed other people will be with how much we saved.

whenever I make a purchase, I make sure that it will be worth every penny I spend  and will complete enjoy the said purchase like making a full use of it.I dont mind wearing the same pair of dress every monday or every tuesday of the week, what is important for me is that its clean and decent.

Whenever i buy a new pair of dress or any purchase i make, I make sure its not cheap because cheap things are not good and good things are not cheap. The surplus that I make for every month are invested in the stock market.

Investing in the stock market is not easy and is complicated, that is why i got a mentor, thru the Truly Rich Club of Bo Sanchez.

                                         Photo source

Thursday, September 13, 2012

Living way below your means is what it means to be frugal.

Most Millionnire according to the millionnaire next door by stanley, lived a very low profile lifestyle. A lifestyle of a middle class people. Despite the fact that they can afford the most expdensive suit, footwear and vacations. Millionares put a very high regard on budgeting. They are tracking their money to very last centavo that they spend.

Budgeting is a way of life for them, budgeting is simple but not easy. I also am doing my tabulation and tracking down my expenses. It really has a good effect on how I manage my finances its my 3rd month now and i can compare my spending habits from the previous months and where i have adjustments to save first, invest second and spend the third.

I also have a daily alloted money for my daily expenses. I make sure that i dont exceed 50 pesos a day for my expenses for food and transportation at work. Although I have different expenses for food at home because i am living with my student assistant. But nevertheless I make sure I live within the alloted budget for the week.

My awareness of budgeting doesnt come out of nothing. When I join the Truly Rich Club by Bo Sanchez, I learned some easy ways to hold-on on my spending.

The very first thing I do when I receive my salary is to set aside specific amount for my stock market investment, tithes and savings. And spend the rest.

Saturday, September 1, 2012

Frugal Pinay

Frugality is an ancient word which comes from latin root word with frug "virtue" frux "fruit or value", frui "to enjoy or have the use of"

Frugality is enjoying the virtue of getting good value for every minute of your life energy and from everything you have the use of (Robin & Dominguez, Your money or your life).

Its simply being content and enjoy your possessions. If you have five pairs of shoes but feels you still luck one and failed to enjoy the other pair then one is not frugal.Frugal people use something wisely. its about getting a full value of everything that life has to offer.

Frugal people make sure they get value on all purchase from the- kilo of mangoes, to the galloon of ice cream and even a simple beach get away. Waste is not on the  number of our possessions but on our failure to enjoy them.

You dont even have to own something to enjoy it.. you merely have to use it...

Being frugal is right-use or righteous.
It is being able to say that one has enough. Enough is being contented with the things that life has provided you.

I would say that to be a frugal person takes a lot of effort espacially if you are not brought up to be frugal. But eventually one will learn how to become one. The very first step to be frugal is to enjoy to the fullest the very things you possess, before acquire similar or the same item. To achieve it you need to have mentors that will guide you to become financially independent, joining the Truly Rich Club is very beneficial to me.