Plan for tomorrow instead of living for today.
A man I knew had an MBA from Harvard and an engineering degree from MIT. Smart guy. When he retired, he started doing what he liked best: teaching college courses in economics and business planning. But when he taught economics, he also taught personal economics. This is the philosophy that he started his classes with: Decide how you want to live now, versus how long you want to work.
This means that if you spend everything you make now, you’ll have no choice but to work longer and harder. But if you start investing in your financial future now, you’ll have many choices. You can retire early, travel more, continue your career or start a new career later in life. Once again, it all comes down to choices. Think tomorrow today… and live better tomorrow.
Here’s the next thing to think of when you’re planning your future of wealth: Be careful with your credit cards. Selling money is big business. You probably get invitations in the mail to sign up for a new credit card a couple of times a month! Having some credit cards is important. Especially if you travel. They’re safer and easier to track than cash.
But be careful; credit is the easiest way to get into debt. When you buy something with a little piece of plastic, you don’t feel the effect until you get the bill. So make sure that whatever you buy, you’re still happy with your purchase after you get the bill.
Make sure that whatever you buy, you’re still happy with your purchase after you get the bill.
Here’s another point to remember in becoming financially independent: It’s hard to get rich quickly. It’s easy to get rich slowly. It doesn’t happen overnight. With conservative investments, it takes a while. It takes discipline to keep adding value to your future, a little every month. It takes time to build your fortune and become wealthy.
There’s a saying about investing: “Time, not timing.” It takes time. If playing the stock market is what you do, then you know that timing is a whole different ball game. But for the average person, it’s time.
A study was done a while back that analyzed stock market investments. The study took two scenarios into consideration. In the first scenario, stocks were bought at the very worst possible time and sold at the very worst possible time. Bough high and sold low. And after 40 years, the average return was around 10 percent. Scenario one dealt with time.
In the second scenario, stocks were analyzed over a 10-year period. Stocks were purchased at the best possible time and sold at the best possible time. After 10 years, the average return was… about 10 percent. The second scenario dealt with timing. So timing might not be all it’s cracked up to be.
Be patient in building your financial independence. It will come small steps at a time. It’s hard to be patient sometimes, but it’s just like achieving your goals: It happens one step at a time.
What about those situations when patience has nothing to do with becoming wealthy? What about those trust-fund babies who are handed their financial independence on a silver platter? They never have to work a day in their lives, if that’s what they choose. Their first car is a Porsche. Their first house is a mansion. Their first job is at their father’s company. What about those people born rich?
Some guy says, “It isn’t fair that I’m working like crazy all day, all week, all month, all my life…. It just isn’t fair! I’ll never have that kind of money.” Well, some things aren’t fair. Inheriting money might not seem fair. But what does that have to do with you? Really?
If your dream is to have greater wealth than some people you know, then you’d better start working harder and smarter on your own goals, your own visions, and stop pondering what’s fair and what isn’t. Start examining what’s keeping you back instead of what’s keeping them ahead. Start looking at what you’re doing. There are plenty of stories and examples and experiences of people who began their careers destitute and had enough resolve to do it until they had more than they ever dreamed of. Study the experiences of others who built their way to the top instead of those born there. And you’ll not only reach the top, you’ll truly deserve it.
Adapted from Leading an Inspired Life
January 15, 2017
5 Leadership Styles To Inspire Peak Performance
What qualities and management styles do great managers possess to inspire and motivate their employees to deliver at their peak performance? The job of the manager is to get things done by leading others to success. Use these 5 leadership styles to get the most out of your employees.
It is important to develop management styles that suit different situations. Each leader has their own leadership styles and it is your job to inspire your employees to deliver at their peak performance. Your ability to organize the work and to supervise your staff effectively to get the job done on schedule and on budget is the key to getting the results for which you are responsible.
The Best Management Styles
According to numerous surveys of employees in the work world, the best bosses and supervisors possess three management styles:
1. Structure. Everyone knows exactly what needs to be done, why it is to be done, and to what standard.
2. Consideration. The boss makes employees feel that he or she really cares about them.
3. Freedom. Good bosses give their people freedom to perform. Once they have assigned a task, they try to stay out of the way, except to comment and to help when needed.
Discovering Your Leadership Styles
One of your jobs as the leader is to be a teacher. The reason you are in charge is because of your leadership styles and your superior level of knowledge and skill. If you would like to continue to develop your management styles and master your true talents download my free report “Discovering Your Talents.” One of the most helpful things you do is to pass on your knowledge and skill to those who report to you. Teach other people how to do the job that you have already mastered. You multiply your output by teaching someone else how to do something that only you can do. And you increase their value to the business.
The 5 Keys To Inspire Peak Performance
1. Accept complete responsibility for your staff. You choose them, you assign them, and you manage them. You are responsible for your staff to operate at their peak performance.
2. Look upon your staff with the same patience and understanding as you would look upon younger members of your family.
3. Practice the Friendship Factor with them, which is composed of three components: time, care, and respect. Give staff time when they want to talk. Express care and concern for them and their problems. Treat them with respect, the same way you would treat a customer or friend.
4. Practice Servant Leadership, by seeing your job as a position of trust with your subordinates. Just as they are there to serve you and the company, you are there to serve them, as well.
5. Practice Golden Rule Management. Treat each person the way you would like to be treated if the situation were reversed. When you practice Golden Rule Management—you manage other people the way you would like to be managed—you will elicit peak performance from your employees more than in any other way.
Get What You Need Out Of Your Employees
By using and developing these techniques and leadership styles you will notice a change in your employees work. By practicing these management styles you will bring your team to great success, increase productivity in the workplace and inspire peak performance in your employees.
I hope you enjoyed reading my article on leadership styles. If you liked what you read, please share and comment below.
Visit : http://www.SandraBravo.Tv
The link between spirituality and a successful recovery.
The best lessons are short, sweet and useful
Readers of this column are remarkable when it comes to telling me what they like most about my weekly musings. Of course, I’m honored when they tell me they have posted my words on company bulletin boards or used the lessons as motivation.
But without question, the most frequent feedback I get is that the column-ending morals are a very useful summation of the message. Occasionally I compile a list of my favorite morals from the past couple of years. Be my guest to share them!
- Whatever you’re selling, you’re selling yourself first.
- Don’t presume what you assume is correct.
- If you live by a great value system, your life will have great value.
- Accountability is the ability to accept responsibility.
- You are only as happy as you decide to be.
- To be a standout, you must stand for only your best.
- Some of the best lessons we ever learned, we learned from our mistakes and failures.
- A sense of humor is almost as important as our other five senses.
- Be respectful or be regretful.
- Don’t let excess stress get in the way of extreme success.
- Teamwork divides the task and multiplies the success.
- Even if you can’t achieve perfection, you should never stop trying.
- Unhappiness always seeks to get. Happiness always seeks to give.
- If you want to have the time of your life, make the most of your minutes.
- Great brainstorms should produce plenty of en-lightning!
- If you are persistent, you will get it. If you are consistent, you will keep it.
- Clean up your act, or be prepared to clean out your desk.
- Your job is always to make someone else’s job easier.
- You can’t buy confidence, but you can sell it!
- Parents teach lessons even when they think no one is watching.
- You are only one question away from success, if it’s the right question.
- Negotiation is not just about winning, it’s about win-win.
- A little hiccup won’t end your career, but be careful not to let it choke you.
- Confidence is keeping your chin up. Overconfidence is sticking your neck out.
- Optimists are people who make the best of it when they get the worst of it.
- Persuasion is an art. The tongue can paint what the eye can’t see.
- Talk is cheap, but misunderstandings can be costly.
- Let curiosity turn “I don’t know” into “I want to find out.”
- The biggest mistake you can make is pretending that you didn’t make one.
- When you change the way you look at things, the things you look at often change.
- When you talk to yourself, make sure you listen carefully.
- Don’t let your fears get in your head – get ahead of them.
- Take control of your attitude before it takes control of you.
- Don’t worry about what you could do if you lived your life over; get busy with what’s left.
- A little spark can lead to a blazing success.
- You don’t have to uproot the whole tree to turn over a new leaf.
- Vision without action is a daydream. Action without vision is a nightmare.
- Optimal customer service is not optional.
- Don’t let your mood turn into your doom.
- The hardest sale you’ll ever make is to yourself. But once you’re convinced you can do it, you can.
- When life tests your mettle, nothing succeeds like an iron will.
- Solving employee turnover is easier when they own a piece of the pie.
- Selling isn’t rocket science – it’s people science.
- Humor is more than funny business.
- The friendships you cultivate will help you grow.
- It’s just as easy to look for the good things in life as the bad.
- Make your stumbling blocks your stepping stones.
- Admitting your own weaknesses is a sign of strength.
- Hope is what allows us to remember yesterday’s disappointments and still look forward to tomorrow.
It’s important to reward yourself, and your team, as soon as you complete a key task or objective. Why? By rewarding yourself in the moment, your brain elicits positive emotions, leading to the realization that your efforts result in a positive reward. By doing this continuously, your brain will start to link pleasure to accomplishing the task or objective and move towards it in the future. As Tony says, “You can only build on success!”
Exercise: At the end of each day, write down your top three accomplishments, now matter how big or how small. And as soon as you achieve a key task, celebrate. Even a small reward is a great motivator – maybe it’s a coffee break, a walk around the block or a mini-vacation. Rewarding yourself for victories, big and small, will make a world of difference!
written by: Team Tony