Tuesday, November 20, 2007
Embrace Technology
You, the individual, now have the power. In the age of inexpensive computers, wireless handheld devices, and ubiquitous low cost connections to a global communications to global communications network, you now own or can own the means of production. You must own and know how to use each of these tools. Computers, handheld devices, and modems are all part of your Enlightened Millionaire lever. Having these items (tools) and knowing how to use them(skills) is critical to your success. This is the glue that tightly connects you to all the other elements of your millionaire lever.
What We Focus On Affects Our Results In Life!
At any given second, there are two million bits of information
bombarding us. While it is impossible to consciously be aware of
everything, our mind tends to filter all this stimuli and focus on
a few chunks of information at a time.
Similarly, when we think of something in the past or something in the future, we tend to focus on certain aspects of the experience. And to us what we choose to focus on becomes most real in our minds.
Some people have a pattern of focusing on pictures, sounds and
feelings that put them into un-resourceful states while others
generate pictures, sounds and feelings them put them into
resourceful states.
How about you? What do you do when you meet with failure? Some
people keep playing mind pictures of themselves screwing up. Some
people even play it like a bad movie, over and over again in their
heads.
They keep seeing themselves making the bad decisions, experiencing
the consequences and they re-play all the negative voices around
them. They may play the sound of their boss shouting at them. Then
they run an internal dialogue that goes like this: 'How could I
have been so stupid!' 'Why do I always screw things up?'
What kind of pictures and sounds should one play to produce a
resourceful state?
Well, this is what positive people do when they encounter failure.
They choose to re-present the failure as feedback that will lead
them into finding a solution. Instead of re-playing scenes of the
event or project that flopped, they focus on what they can learn
from it, and how they will do it the next time...to get good results.
They may even imagine themselves succeeding, using what they have
learnt from the past experience, and their success would be
accompanied by the sounds of people cheering or the boss
congratulating them.
They may play an internal dialogue that goes something like this:
'I'll make it the next time for sure', 'I'll prove that I can turn
things around'. Or they'll say reflectively:' Now, what can I learn
from this experience'.
Our minds are never still or idle...throughout our waking hours we
play mental programs continuously. Now, start becoming aware of the
kind of mental program you usually run, when you are about to take
on a challenging task?
For example, just before making an important presentation or
writing a difficult report, what goes on in your mind?
Are you one of those who habitually focus on how difficult it is
going to be? Do you see yourself being overwhelmed and stressed
out? Do you mutter under your breath, 'Oh no! How am I ever going
to do this?' 'What if I screw up?' 'It's just too difficult!' You
may even picture yourself screwing up or giving up. As a result you
get into a state of nervous anxiety.
But can you choose to represent the challenge very differently in
your mind? Of course! You could choose to focus on how easy, fun
and rewarding the challenge will be. Confident people will picture
themselves dealing with the task or project effortlessly. They may
even have an internal voice saying, 'I am finally getting this
done! This is so rewarding!' 'I knew I could do it.'
Now, given the same challenge, why do some people rise to it while
others feel apprehension? The interesting fact is that most of us
do not consciously decide what pictures, sounds and feelings we are
going to generate in our mind.
Our mind seems to be on auto-pilot and, within seconds of being
faced with a challenge, it will subconsciously, create
re-presentations. And the kinds of re-presentations created are
dependent on past conditioning.
Isn't this scary? It appears that we do not have much control over
our mind! This is why most people feel that their emotions control
them.
Begin by paying full attention to the 'program' that is running in
your brain-mind. If you find that what you are thinking of is not
putting you in a resourceful state, then change it! In short,
consciously change WHAT you focus on! You may keep slipping back,
and each time you do, pull yourself up and re-focus.
If you want to have mastery over your mind and emotions, then you
must begin right away to control what you focus on!
bombarding us. While it is impossible to consciously be aware of
everything, our mind tends to filter all this stimuli and focus on
a few chunks of information at a time.
Similarly, when we think of something in the past or something in the future, we tend to focus on certain aspects of the experience. And to us what we choose to focus on becomes most real in our minds.
Some people have a pattern of focusing on pictures, sounds and
feelings that put them into un-resourceful states while others
generate pictures, sounds and feelings them put them into
resourceful states.
How about you? What do you do when you meet with failure? Some
people keep playing mind pictures of themselves screwing up. Some
people even play it like a bad movie, over and over again in their
heads.
They keep seeing themselves making the bad decisions, experiencing
the consequences and they re-play all the negative voices around
them. They may play the sound of their boss shouting at them. Then
they run an internal dialogue that goes like this: 'How could I
have been so stupid!' 'Why do I always screw things up?'
What kind of pictures and sounds should one play to produce a
resourceful state?
Well, this is what positive people do when they encounter failure.
They choose to re-present the failure as feedback that will lead
them into finding a solution. Instead of re-playing scenes of the
event or project that flopped, they focus on what they can learn
from it, and how they will do it the next time...to get good results.
They may even imagine themselves succeeding, using what they have
learnt from the past experience, and their success would be
accompanied by the sounds of people cheering or the boss
congratulating them.
They may play an internal dialogue that goes something like this:
'I'll make it the next time for sure', 'I'll prove that I can turn
things around'. Or they'll say reflectively:' Now, what can I learn
from this experience'.
Our minds are never still or idle...throughout our waking hours we
play mental programs continuously. Now, start becoming aware of the
kind of mental program you usually run, when you are about to take
on a challenging task?
For example, just before making an important presentation or
writing a difficult report, what goes on in your mind?
Are you one of those who habitually focus on how difficult it is
going to be? Do you see yourself being overwhelmed and stressed
out? Do you mutter under your breath, 'Oh no! How am I ever going
to do this?' 'What if I screw up?' 'It's just too difficult!' You
may even picture yourself screwing up or giving up. As a result you
get into a state of nervous anxiety.
But can you choose to represent the challenge very differently in
your mind? Of course! You could choose to focus on how easy, fun
and rewarding the challenge will be. Confident people will picture
themselves dealing with the task or project effortlessly. They may
even have an internal voice saying, 'I am finally getting this
done! This is so rewarding!' 'I knew I could do it.'
Now, given the same challenge, why do some people rise to it while
others feel apprehension? The interesting fact is that most of us
do not consciously decide what pictures, sounds and feelings we are
going to generate in our mind.
Our mind seems to be on auto-pilot and, within seconds of being
faced with a challenge, it will subconsciously, create
re-presentations. And the kinds of re-presentations created are
dependent on past conditioning.
Isn't this scary? It appears that we do not have much control over
our mind! This is why most people feel that their emotions control
them.
Begin by paying full attention to the 'program' that is running in
your brain-mind. If you find that what you are thinking of is not
putting you in a resourceful state, then change it! In short,
consciously change WHAT you focus on! You may keep slipping back,
and each time you do, pull yourself up and re-focus.
If you want to have mastery over your mind and emotions, then you
must begin right away to control what you focus on!
Your Time is Money
Besides taking steps too increase your value, you must also
increase the time you spend creating value to boost your in-come.
If you are self-employed, then you are usually paid by the hour or
by the job. So obviously, when you work longer hours and more days,
your in-come will increase!
Now you may be saying to me, 'I am already working 18 hour days!
How much harder can I possibly work?' Or if you are working for
somebody else you may be thinking, ' this does not apply to me.
As an employee, my hours of employment are fixed from 9am to 6pm. I
do not get paid more for working longer hours.'
Well, when I talk about increasing the time you spend creating
value, I do not necessarily mean that you must work longer hours.
Rather, you must spend more of your time only on activities that
create the greatest value...that generate the most profits for your
company.
Whether you are an entrepreneur or an employee, you will have a
list of things that you must do daily as part of your role.
You will find that not all the things you do create the same amount
of the value. There are some activities that create high value
while some activities are low in value. I
n fact, I have discovered that for most average income earners,
they only spend 20% of their workday doing truly high value
creation activities while they spend 80% of their time on low value
activities like checking email, attending unproductive meetings,
chit chatting, complaining, waiting, finding lost items...stuff that
does not generate profits or help clients meet their goals.
High-income earners are the opposite. They tend to spend 80% of
their time on high value creation activities like business
development, closing sales, innovating new revenue streams,
marketing strategy, following up with prospects, strategizing on
how to improve productivity, managing projects, getting feedback
from clients...stuff that lead to high customer satisfaction and
higher profits!
So start keeping track of how you send your time each day and focus
more of your time on high value creation activities and your in-come
will increase.
Spend your time on high value activities and you will maximize you
income, making you a millionaire in no time.
increase the time you spend creating value to boost your in-come.
If you are self-employed, then you are usually paid by the hour or
by the job. So obviously, when you work longer hours and more days,
your in-come will increase!
Now you may be saying to me, 'I am already working 18 hour days!
How much harder can I possibly work?' Or if you are working for
somebody else you may be thinking, ' this does not apply to me.
As an employee, my hours of employment are fixed from 9am to 6pm. I
do not get paid more for working longer hours.'
Well, when I talk about increasing the time you spend creating
value, I do not necessarily mean that you must work longer hours.
Rather, you must spend more of your time only on activities that
create the greatest value...that generate the most profits for your
company.
Whether you are an entrepreneur or an employee, you will have a
list of things that you must do daily as part of your role.
You will find that not all the things you do create the same amount
of the value. There are some activities that create high value
while some activities are low in value. I
n fact, I have discovered that for most average income earners,
they only spend 20% of their workday doing truly high value
creation activities while they spend 80% of their time on low value
activities like checking email, attending unproductive meetings,
chit chatting, complaining, waiting, finding lost items...stuff that
does not generate profits or help clients meet their goals.
High-income earners are the opposite. They tend to spend 80% of
their time on high value creation activities like business
development, closing sales, innovating new revenue streams,
marketing strategy, following up with prospects, strategizing on
how to improve productivity, managing projects, getting feedback
from clients...stuff that lead to high customer satisfaction and
higher profits!
So start keeping track of how you send your time each day and focus
more of your time on high value creation activities and your in-come
will increase.
Spend your time on high value activities and you will maximize you
income, making you a millionaire in no time.
What Determines A Person's Income?
Before you can increase your primary source of income, you must
first understand what determines a person's income. Why is it that
one person is paid $3,000 a month while another person is paid
$30,000 a month?
Every time I ask this question to people, I get standard answers
like, 'age, qualifications, experience, luck, title, special
skills, specialized knowledge, intelligence and so on'. Well, none
of this is really accurate.
There are so many examples of people who are younger, less
academically qualified with less experience who are earning much
more than a 45 year-old Harvard MBA graduate who happens to be a
member of MENSA. It is also not uncommon to see people with less
experience in a company earn much more than someone who has been
there for the last twenty years. So what does determine a person's
income?
A person's income is determined by the amount of value he/she
creates multiplied by the time he spends creating value multiplied
by the scalability factor. In other words,
INCOME = VALUE X TIME X SCALABILITY
So, in order to increase your income, you must increase the amount
of value you create, the time you spend creating value and your
scalability factor.
Your Income is A Refection of the Value You Create
Let's first focus on how your income is determined by the value you
create. Well, let me give you a metaphor. Recently I went to the
mall to buy a new mobile phone. When I found the mobile phone shop,
I saw all kinds of brands and models on display - the price tags
they carried all differed widely.
I saw a Sony Ericsson 910i model that had a price tag of $1,400 and
a Nokia 2600 with a price tag of $238. Now, why is one mobile phone
priced seven times more than another? The answer is simple. It's
because one phone has a lot more functions and can hence create a
lot more value to the user.
The Sony Ericsson 910i is able to make calls, send & receive SMS,
send & receive MMS, record and edit videos, play & edit music, take
high quality pictures, surf the internet, entertain with games,
send and receive emails, has word processing and spreadsheet
capabilities, has Bluetooth technology and has an in-built personal
digital assistant.
In short, it is not just a phone, it is a mini computer! It does a
lot more than expected. It creates a lot more value for the user by
allowing him to achieve his goals more efficiently.
How about the Nokia 2600? Well, it's just a standard mobile phone.
It makes calls, sends and receives SMS, has entertainment games and
a calendar. It creates a lot less value, and is hence priced lower.
If the Nokia 2600 had a price tag of $1400, would you pay for it?
Of course not. It's just not worth the price. But if you had the
money and needed to surf the net, manage your time, check emails
and record images on the go, would you pay $1400 for the Sony
Ericsson? Of course! I did!
So let me ask you a question. Which mobile phone do you represent?
What is the price tag that you carry? If you want to have a higher
price tag and have people pay for you, then you must create the
necessary value!
What allows the Sony Ericsson 910i to create so much more value?
The answer is that it has a lot more software installed. How does
this translate to you? Well, in order for you to create a lot more
value to your company and your clients, you must keep upgrading
your knowledge and skills, your intellectual capital!
When you create more and more value for your job, business or customers, your
income will rise tremendously. Create more value!
first understand what determines a person's income. Why is it that
one person is paid $3,000 a month while another person is paid
$30,000 a month?
Every time I ask this question to people, I get standard answers
like, 'age, qualifications, experience, luck, title, special
skills, specialized knowledge, intelligence and so on'. Well, none
of this is really accurate.
There are so many examples of people who are younger, less
academically qualified with less experience who are earning much
more than a 45 year-old Harvard MBA graduate who happens to be a
member of MENSA. It is also not uncommon to see people with less
experience in a company earn much more than someone who has been
there for the last twenty years. So what does determine a person's
income?
A person's income is determined by the amount of value he/she
creates multiplied by the time he spends creating value multiplied
by the scalability factor. In other words,
INCOME = VALUE X TIME X SCALABILITY
So, in order to increase your income, you must increase the amount
of value you create, the time you spend creating value and your
scalability factor.
Your Income is A Refection of the Value You Create
Let's first focus on how your income is determined by the value you
create. Well, let me give you a metaphor. Recently I went to the
mall to buy a new mobile phone. When I found the mobile phone shop,
I saw all kinds of brands and models on display - the price tags
they carried all differed widely.
I saw a Sony Ericsson 910i model that had a price tag of $1,400 and
a Nokia 2600 with a price tag of $238. Now, why is one mobile phone
priced seven times more than another? The answer is simple. It's
because one phone has a lot more functions and can hence create a
lot more value to the user.
The Sony Ericsson 910i is able to make calls, send & receive SMS,
send & receive MMS, record and edit videos, play & edit music, take
high quality pictures, surf the internet, entertain with games,
send and receive emails, has word processing and spreadsheet
capabilities, has Bluetooth technology and has an in-built personal
digital assistant.
In short, it is not just a phone, it is a mini computer! It does a
lot more than expected. It creates a lot more value for the user by
allowing him to achieve his goals more efficiently.
How about the Nokia 2600? Well, it's just a standard mobile phone.
It makes calls, sends and receives SMS, has entertainment games and
a calendar. It creates a lot less value, and is hence priced lower.
If the Nokia 2600 had a price tag of $1400, would you pay for it?
Of course not. It's just not worth the price. But if you had the
money and needed to surf the net, manage your time, check emails
and record images on the go, would you pay $1400 for the Sony
Ericsson? Of course! I did!
So let me ask you a question. Which mobile phone do you represent?
What is the price tag that you carry? If you want to have a higher
price tag and have people pay for you, then you must create the
necessary value!
What allows the Sony Ericsson 910i to create so much more value?
The answer is that it has a lot more software installed. How does
this translate to you? Well, in order for you to create a lot more
value to your company and your clients, you must keep upgrading
your knowledge and skills, your intellectual capital!
When you create more and more value for your job, business or customers, your
income will rise tremendously. Create more value!
How To Disassociate Yourself From Depression
Do you know someone who is always depressed? They may have had bad
experiences a long time ago, but they still get upset by these long
past incidents?
I had a woman client who told me that her life was full of misery.
When she talked about her bad experiences, she started crying and
got very upset. I found out that she had a pattern of associating
into all her painful memories. So, even though these incidents took
place about five years ago, she still felt extremely miserable
whenever she thought about them.
When I asked her to relate happy experiences in her life, she
thought for a while but couldn't feel anything. She said, 'I don't
feel for these (happy) experiences anymore.' Guess why? She had a
pattern of disassociating from all her happy experiences, and
associating into her negative ones!
No wonder she felt depressed constantly. When I taught her that she
could consciously direct her mind to disassociate from all her bad
experiences and associate into all her happy experiences, she began
to take control over her emotions. The change was quite rapid.
When she thought of her bad experiences and disassociated, she
started to feel the emotional intensity of the pain drop. Then I
got her to start thinking of all her happy experiences and
associating into them! Her face started glowing and she said she
felt a lot better about herself. Since then, she has consciously
been taking charge of the way her brain codes her experiences.
Do you know people who are the complete opposite? We call them the
happy-go-lucky ones. Such people could have had some horrific
experiences but they get over the bad patches very fast. Soon they
are into a positive state and have moved on in life.
At the same time these cheery people can think back to the good
things that happened to them, say five years ago, and feel happy
and excited, all over again.
Why do they feel so differently about their good and bad
experiences from the negative bunch? Again, it is because of the
way the cheery people's brains have coded their memories. They tend
to immediately disassociate from negative events they experience.
Although they learn from their mistakes, they don't feel
emotionally drained thinking about it.
At the same time, they tend to associate or plug into all their
happy positive experiences. So they keep feeling the positive vibes
of happy events, even after years have passed.
This is one of the most important qualities to have in order to be
a successful entrepreneur, chief executive, politician, investor or
salesperson.
And it's something you can use right now to supercharge yourself
towards success and achieving your goals!
experiences a long time ago, but they still get upset by these long
past incidents?
I had a woman client who told me that her life was full of misery.
When she talked about her bad experiences, she started crying and
got very upset. I found out that she had a pattern of associating
into all her painful memories. So, even though these incidents took
place about five years ago, she still felt extremely miserable
whenever she thought about them.
When I asked her to relate happy experiences in her life, she
thought for a while but couldn't feel anything. She said, 'I don't
feel for these (happy) experiences anymore.' Guess why? She had a
pattern of disassociating from all her happy experiences, and
associating into her negative ones!
No wonder she felt depressed constantly. When I taught her that she
could consciously direct her mind to disassociate from all her bad
experiences and associate into all her happy experiences, she began
to take control over her emotions. The change was quite rapid.
When she thought of her bad experiences and disassociated, she
started to feel the emotional intensity of the pain drop. Then I
got her to start thinking of all her happy experiences and
associating into them! Her face started glowing and she said she
felt a lot better about herself. Since then, she has consciously
been taking charge of the way her brain codes her experiences.
Do you know people who are the complete opposite? We call them the
happy-go-lucky ones. Such people could have had some horrific
experiences but they get over the bad patches very fast. Soon they
are into a positive state and have moved on in life.
At the same time these cheery people can think back to the good
things that happened to them, say five years ago, and feel happy
and excited, all over again.
Why do they feel so differently about their good and bad
experiences from the negative bunch? Again, it is because of the
way the cheery people's brains have coded their memories. They tend
to immediately disassociate from negative events they experience.
Although they learn from their mistakes, they don't feel
emotionally drained thinking about it.
At the same time, they tend to associate or plug into all their
happy positive experiences. So they keep feeling the positive vibes
of happy events, even after years have passed.
This is one of the most important qualities to have in order to be
a successful entrepreneur, chief executive, politician, investor or
salesperson.
And it's something you can use right now to supercharge yourself
towards success and achieving your goals!
Debunking the Myths of Money
The truth is that many of these beliefs and attitudes that some
people hold have about money are nothing but inaccurate
generalizations and excuses that keep them from living a truly a
happy and wealthy life.
In order to truly align your mind to wealth creation, you must
debunk these negative myths and really look at the facts.
Myth: Having a lot of money will change you (into a bad person).
Fact: Money is a personality magnifier. It brings out the true
person within you. If you are a selfish and nasty person by nature,
having money will make you even more nasty and selfish.
However, if you are a kind, generous and loving person deep down
inside, money will magnify your goodness.
Myth: Money isn't everything.
Fact: This is the top excuse given by poor people who are in
denial. The truth is that everything is money.
Without money, you cannot maximize other important values such as
family, career, health, spirituality and relationships.
Myth: Money will make you less spiritual
Fact: If you are by nature a spiritual person, having money will
allow you to touch more lives and help you do more of god's work.
In fact, the wealthiest people in the world are extremely
spiritual. Not having to worry about money anymore allows many of
the rich to focus on the more important things in life.
Many truly wealthy people believe they don't own their money. They
are just custodians of God's wealth.
Myth: Rich people are materialistic. They worship money.
Fact: It is the people who lack money who worship it. Who works all
day, year after year in a job which they hate, just for the money?
Who are those who constantly sacrifice their health and family to
make more money?
In fact, the rich rarely work because of money. They work because
of passion and a sense of personal mission. Bill Gates, Warren
Buffett, George Lucas, Michael Jordan & Steve Jobs certainly don't
work for money...they don't need to.
Myth: To have more money, I will be depriving others of it.
Fact: When you become rich, you actually create more wealth for
other people. Wealth multiplies into more wealth.
Bill Gates is the richest man in the world because he has created
the most value in people's lives through the creation of Microsoft
and Windows.
Because of his invention, so many more millionaires have been
created as a result. Think about it, if Microsoft Windows, Word and
Excel did not exist, would you have been able to create as much
wealth as you have today?
Myth: Money is the 'root of all evil'.
Fact: The lack of money is the root of all evil. The number one
cause of murder, cheating, stealing, lying is poverty (the lack of
money).
Get your beliefs and attitudes right and you will start to attract
more of it into your life!
people hold have about money are nothing but inaccurate
generalizations and excuses that keep them from living a truly a
happy and wealthy life.
In order to truly align your mind to wealth creation, you must
debunk these negative myths and really look at the facts.
Myth: Having a lot of money will change you (into a bad person).
Fact: Money is a personality magnifier. It brings out the true
person within you. If you are a selfish and nasty person by nature,
having money will make you even more nasty and selfish.
However, if you are a kind, generous and loving person deep down
inside, money will magnify your goodness.
Myth: Money isn't everything.
Fact: This is the top excuse given by poor people who are in
denial. The truth is that everything is money.
Without money, you cannot maximize other important values such as
family, career, health, spirituality and relationships.
Myth: Money will make you less spiritual
Fact: If you are by nature a spiritual person, having money will
allow you to touch more lives and help you do more of god's work.
In fact, the wealthiest people in the world are extremely
spiritual. Not having to worry about money anymore allows many of
the rich to focus on the more important things in life.
Many truly wealthy people believe they don't own their money. They
are just custodians of God's wealth.
Myth: Rich people are materialistic. They worship money.
Fact: It is the people who lack money who worship it. Who works all
day, year after year in a job which they hate, just for the money?
Who are those who constantly sacrifice their health and family to
make more money?
In fact, the rich rarely work because of money. They work because
of passion and a sense of personal mission. Bill Gates, Warren
Buffett, George Lucas, Michael Jordan & Steve Jobs certainly don't
work for money...they don't need to.
Myth: To have more money, I will be depriving others of it.
Fact: When you become rich, you actually create more wealth for
other people. Wealth multiplies into more wealth.
Bill Gates is the richest man in the world because he has created
the most value in people's lives through the creation of Microsoft
and Windows.
Because of his invention, so many more millionaires have been
created as a result. Think about it, if Microsoft Windows, Word and
Excel did not exist, would you have been able to create as much
wealth as you have today?
Myth: Money is the 'root of all evil'.
Fact: The lack of money is the root of all evil. The number one
cause of murder, cheating, stealing, lying is poverty (the lack of
money).
Get your beliefs and attitudes right and you will start to attract
more of it into your life!
Why Madonna Earns More Than You
Let me pose you this question. Between a pop star like Madonna and
a heart surgeon, who creates greater value in a person's life? Of
course it is the heart surgeon! The heart surgeon has the ability
to save a person's life whereas Madonna can only make a person feel
good for a couple of minutes.
Why then is Madonna paid 100,000 times more than a heart surgeon?
What does Madonna have that the typical heart surgeon does not
have? The answer is the 'scalability factor.'
The scalability factor is the final and most powerful component of
the income formula. It is what separates the rich from the super
rich.
The scalability factor is the extent to which you can MAGNIFY or
MULTIPLY the effects of your value. It is the extent to which you
can leverage your value & time.
The Power of Magnifying Value
For example, for three hours work, how many lives can the heart
surgeon save? He can probably only save one life. He creates
tremendous value, charging probably $2,000, but he can only touch
one life.
In that same 3 hours of performing in a concert, how many people
does Madonna's singing benefit? Thousands and if it is broadcast
live, maybe even millions. So the value she creates is magnified
tremendously whereas the surgeon does not have the power of
magnification.
The Power of Multiplying Value
If Madonna were to spend three hours singing a series of songs in a
studio and in were to be recorded on a CD, how many times would she
get paid for it? The answer is multiple times. Every time that CD
is sold, she would earn a percentage of money, called a royalty.
If that CD album sold a million copies a year, she would get paid
$5 million over and over again every year. In this case her value
of singing is multiplied many fold!
As for the heart surgeon, he would be paid only once for the
operation. Must you keep paying him royalties every year in order
to keep your new heart? Of course not! As a result, he does not
experience any multiplication effect at all.
So, as you can see, a person's income can massively increase when
multiplied by the power of scalability.
INCOME = VALUE X TIME X SCALABILITY
Many people have the perception that you can only achieve
scalability when you are singer, movie star, sports star or a
famous celebrity. Absolutely not!
You can achieve massive magnification or multiplication in any
profession, whether you are a chef, garbage collector, lawyer,
doctor, teacher or software programmer. When you fully utilize the
power of (value x time x scalability), your wealth will grow
exponentially!
So start keeping track of how you send your time each day and focus
more of your time on high value creation activities and your income
will increase.
a heart surgeon, who creates greater value in a person's life? Of
course it is the heart surgeon! The heart surgeon has the ability
to save a person's life whereas Madonna can only make a person feel
good for a couple of minutes.
Why then is Madonna paid 100,000 times more than a heart surgeon?
What does Madonna have that the typical heart surgeon does not
have? The answer is the 'scalability factor.'
The scalability factor is the final and most powerful component of
the income formula. It is what separates the rich from the super
rich.
The scalability factor is the extent to which you can MAGNIFY or
MULTIPLY the effects of your value. It is the extent to which you
can leverage your value & time.
The Power of Magnifying Value
For example, for three hours work, how many lives can the heart
surgeon save? He can probably only save one life. He creates
tremendous value, charging probably $2,000, but he can only touch
one life.
In that same 3 hours of performing in a concert, how many people
does Madonna's singing benefit? Thousands and if it is broadcast
live, maybe even millions. So the value she creates is magnified
tremendously whereas the surgeon does not have the power of
magnification.
The Power of Multiplying Value
If Madonna were to spend three hours singing a series of songs in a
studio and in were to be recorded on a CD, how many times would she
get paid for it? The answer is multiple times. Every time that CD
is sold, she would earn a percentage of money, called a royalty.
If that CD album sold a million copies a year, she would get paid
$5 million over and over again every year. In this case her value
of singing is multiplied many fold!
As for the heart surgeon, he would be paid only once for the
operation. Must you keep paying him royalties every year in order
to keep your new heart? Of course not! As a result, he does not
experience any multiplication effect at all.
So, as you can see, a person's income can massively increase when
multiplied by the power of scalability.
INCOME = VALUE X TIME X SCALABILITY
Many people have the perception that you can only achieve
scalability when you are singer, movie star, sports star or a
famous celebrity. Absolutely not!
You can achieve massive magnification or multiplication in any
profession, whether you are a chef, garbage collector, lawyer,
doctor, teacher or software programmer. When you fully utilize the
power of (value x time x scalability), your wealth will grow
exponentially!
So start keeping track of how you send your time each day and focus
more of your time on high value creation activities and your income
will increase.
Stop complaining about your life!
You see, many people blame their circumstances (e.g. bad luck, no
support, no money, no opportunities) for making them feel bad and
for them not achieving the results they want.
Yet we know of people who in spite of these difficulties still go on
to succeed in life!
==========================
What makes them different?
==========================
The difference lies in how successful people RESPOND to circumstances
and events in their lives.
It is the way we choose to respond to these events that shape our
feelings, actions and results.
Now if you think you've got it tough, imagine this. How about...
===============================
Living life without your limbs!
===============================
What would you do if you were born without your arms and legs?
Would you blame God, choose to focus on your limitations and live a
life of depression?
OR would you choose to live as an inspiration to others in spite of
your handicaps?
================================
HE was born without arms of legs
================================
Well, I want you to meet Nick Vujicic of Melbourne, Australia. He
was born without arms or legs, and his story is a true living example
of how we can all live our lives to the highest standards.
Video Click Man born without arms and legs
Do check out his inspiring video. His story is truly amazing. Make
yours amazing as well!
support, no money, no opportunities) for making them feel bad and
for them not achieving the results they want.
Yet we know of people who in spite of these difficulties still go on
to succeed in life!
==========================
What makes them different?
==========================
The difference lies in how successful people RESPOND to circumstances
and events in their lives.
It is the way we choose to respond to these events that shape our
feelings, actions and results.
Now if you think you've got it tough, imagine this. How about...
===============================
Living life without your limbs!
===============================
What would you do if you were born without your arms and legs?
Would you blame God, choose to focus on your limitations and live a
life of depression?
OR would you choose to live as an inspiration to others in spite of
your handicaps?
================================
HE was born without arms of legs
================================
Well, I want you to meet Nick Vujicic of Melbourne, Australia. He
was born without arms or legs, and his story is a true living example
of how we can all live our lives to the highest standards.
Video Click Man born without arms and legs
Do check out his inspiring video. His story is truly amazing. Make
yours amazing as well!
Do Your Values Sabotage Your Success?
Have your values sabotaged your success up to now? Is the ranking
of your values or the way you have defined them causing you any
conflict? Are they misaligned with your goals? Do they help you to
achieve your ultimate dreams?
If there are certain areas in your life where you are not
consistently getting the desired results, it can almost always be
traced back to a values conflict.
Here are a few examples I have come across.
I once worked with an accountant (let's call him Alan) who had big
dreams and grand plans about setting up his own business. It was a
partnership. However, Alan just could not bring in much business to
his current partnership and felt frustrated with himself.
When I analyzed Alan's values, I found that his top towards value
was success (definition: when I achieve my goals). That explained
why he wanted to do it so badly. Unfortunately, his top 'away-from'
values were 'rejection' & 'failure'. He felt rejected whenever
someone rejected his ideas or his services. He also defined failure
as 'when I do not reach my goals'.
Do you see the big conflict here? It's no wonder Alan could not
reach his goals. On the one hand he wanted to succeed by bringing
in more business to achieve his sales targets. On the other hand,
he never took any action to solicit for business or come up with
creative ideas because he was so fearful of rejection and failure.
So he felt stuck and frustrated all the time.
Until Alan changes his values to align with his goals, he will
never get what he wants.
Spiritual Growth & Money do not Mix
There was a woman who came to my seminar who learned that what was
holding her back were her two top towards values, in which they
seemed to be in conflict. Her no. 1 value was spiritual growth. Her
no. 2 value was money.
So, every time she worked hard for money, she felt guilty because
she felt that making money would make her less spiritual. In the
end, she felt totally unfulfilled.
Love and Freedom make for Conflict
Another guy discovered why his relationships never lasted for long.
His top value was love (he felt love when he was in a steady
relationship). On the other hand, he had freedom as a top 2nd value
(freedom to him meant not answering to anyone and being free to do
his own thing).
Whenever he was single, he would be driven to settle down in a
steady relationship (driven by the need to feel loved). The moment
he was in a steady relationship, he felt like he had no freedom, so
he would unconsciously sabotage his relationship and become single
again, earning his freedom.
As a result, his relationships would always break down within three
months or so. The way this guy set up these two top values just
tore him apart.
As you can see, it is not just how we rank our values that
determine whether they empower or limit us. More importantly, it is
how we have learnt to define these values.
Change your Values, Change your Life!
When you change a person's values, you immediately change the way
they make decisions, the way they behave and ultimately, their
future.
For example, if you took a person whose number one value was
'security' and swapped it with his number seven value of 'freedom',
what would happen?
You would literally change his entire decision making process and
the direction of his life. From being satisfied in a comfortable
corporate job that gives him perceived 'security', he may suddenly
decide to become self-employed and start his own business!
The problem is when we have values that conflict with each other or
are not useful in helping us live an exceptional and fulfilled life.
Right now, you have the choice to start designing the values that
will drive you to get the best out of yourself.
So, I want you to think, 'How should my values be arranged so that
they propel me to achieve my life's goals?' 'How can I define my
values in such a way that they empower me to take action?
We must remember that the values we have today are not the result
of conscious choices we made in the past. You never consciously
chose the values that you have today. They came about mainly
because of conditioning from your environment and the significant
people in your life.
If you find that your life values are not arranged or defined in a
way that will propel you to achieve your goals, then surely it's
time to take charge and re-design them!
of your values or the way you have defined them causing you any
conflict? Are they misaligned with your goals? Do they help you to
achieve your ultimate dreams?
If there are certain areas in your life where you are not
consistently getting the desired results, it can almost always be
traced back to a values conflict.
Here are a few examples I have come across.
I once worked with an accountant (let's call him Alan) who had big
dreams and grand plans about setting up his own business. It was a
partnership. However, Alan just could not bring in much business to
his current partnership and felt frustrated with himself.
When I analyzed Alan's values, I found that his top towards value
was success (definition: when I achieve my goals). That explained
why he wanted to do it so badly. Unfortunately, his top 'away-from'
values were 'rejection' & 'failure'. He felt rejected whenever
someone rejected his ideas or his services. He also defined failure
as 'when I do not reach my goals'.
Do you see the big conflict here? It's no wonder Alan could not
reach his goals. On the one hand he wanted to succeed by bringing
in more business to achieve his sales targets. On the other hand,
he never took any action to solicit for business or come up with
creative ideas because he was so fearful of rejection and failure.
So he felt stuck and frustrated all the time.
Until Alan changes his values to align with his goals, he will
never get what he wants.
Spiritual Growth & Money do not Mix
There was a woman who came to my seminar who learned that what was
holding her back were her two top towards values, in which they
seemed to be in conflict. Her no. 1 value was spiritual growth. Her
no. 2 value was money.
So, every time she worked hard for money, she felt guilty because
she felt that making money would make her less spiritual. In the
end, she felt totally unfulfilled.
Love and Freedom make for Conflict
Another guy discovered why his relationships never lasted for long.
His top value was love (he felt love when he was in a steady
relationship). On the other hand, he had freedom as a top 2nd value
(freedom to him meant not answering to anyone and being free to do
his own thing).
Whenever he was single, he would be driven to settle down in a
steady relationship (driven by the need to feel loved). The moment
he was in a steady relationship, he felt like he had no freedom, so
he would unconsciously sabotage his relationship and become single
again, earning his freedom.
As a result, his relationships would always break down within three
months or so. The way this guy set up these two top values just
tore him apart.
As you can see, it is not just how we rank our values that
determine whether they empower or limit us. More importantly, it is
how we have learnt to define these values.
Change your Values, Change your Life!
When you change a person's values, you immediately change the way
they make decisions, the way they behave and ultimately, their
future.
For example, if you took a person whose number one value was
'security' and swapped it with his number seven value of 'freedom',
what would happen?
You would literally change his entire decision making process and
the direction of his life. From being satisfied in a comfortable
corporate job that gives him perceived 'security', he may suddenly
decide to become self-employed and start his own business!
The problem is when we have values that conflict with each other or
are not useful in helping us live an exceptional and fulfilled life.
Right now, you have the choice to start designing the values that
will drive you to get the best out of yourself.
So, I want you to think, 'How should my values be arranged so that
they propel me to achieve my life's goals?' 'How can I define my
values in such a way that they empower me to take action?
We must remember that the values we have today are not the result
of conscious choices we made in the past. You never consciously
chose the values that you have today. They came about mainly
because of conditioning from your environment and the significant
people in your life.
If you find that your life values are not arranged or defined in a
way that will propel you to achieve your goals, then surely it's
time to take charge and re-design them!
Strategies to Scale Your Value Immediately
So, let's now come to consider how you can begin to massively
magnify and multiply the unique value that you have? How can you
create multiple streams of recurring income for yourself?
There are basically four major strategies you can employ to add the
scalability factor to your value:
1) Earn royalties and fees from licensing or selling your
intellectual property
2) Magnify your value by reaching more people at one time
3) Earn recurring commissions from sales and referrals
4) Earn profits, dividends and royalties from businesses
Earn royalties and fees from licensing or selling your intellectual
property
Many people get intimidated by the term 'intellectual property' as
they have a limiting belief that they are not intellectual enough
to create something that is of value and can be sold.
In actual fact, any knowledge that you have or any idea, product or
process that you have come up with that can help people solve their
problems and satisfy their needs is intellectual property.
You definitely have some kind of intellectual property! Why? This
is because unless you have intellectual property, you wouldn't be
able to create any kind of value in the first place. For example,
if you are a lawyer, your intellectual property is the legal
know-how you have.
If you are a photographer, your intellectual property is the
knowledge of photography you have and the pictures you take. If you
are a chef, the intellectual property you have are your recipes and
your method of preparation. If you are a manager, your intellectual
property is your ability to manage people and projects.
License and sell the expertise you have and you can scale your
value immediately!
Magnify your value by reaching more people at one time
The second strategy you can employ to massively scale your value is
by using the magnification approach. In short, reach a greater
number of people all at once. Here are a few examples of how people
can magnify their value.
Increase the Size of Your Audience
Magnifying your Services on the Internet
Magnifying Your Value through the Mass Media
Magnifying the Value of Company Shares through Listing
Earn Recurring Commissions from Sales or Referrals
The third strategy is to multiply your value by earning recurring
commissions from sales and referrals. This involves being paid
multiple times for a single sale effort.
In certain industries like insurance & network marketing, the
recurring commission system is in-built into the compensation
scheme. For example, when an insurance agent sells an insurance
policy, he gets paid a commission.
However, insurance agents get paid additional renewal commissions
for the next five years whenever their client pays their annual
premiums. Although they close the sale once, they get paid over and
over again for the same effort. As a result, their efforts are
multiplied!
Earn Profits, Dividends & Royalties from Businesses
The fourth strategy is to use the power of a business to multiply
your value! When you work as an employee or are self-employed,
there is always a limit to how much leverage you can create from
the time you spend at work. You are constantly selling your
personal time for money. Unless you physically spend time, the
income stops.
When you build a business around your value, you will be able to
provide your services to more and more people, without your
physical presence. You literally multiply your value.
There you have it! Four strategies you can use immediately to scale
your value.
magnify and multiply the unique value that you have? How can you
create multiple streams of recurring income for yourself?
There are basically four major strategies you can employ to add the
scalability factor to your value:
1) Earn royalties and fees from licensing or selling your
intellectual property
2) Magnify your value by reaching more people at one time
3) Earn recurring commissions from sales and referrals
4) Earn profits, dividends and royalties from businesses
Earn royalties and fees from licensing or selling your intellectual
property
Many people get intimidated by the term 'intellectual property' as
they have a limiting belief that they are not intellectual enough
to create something that is of value and can be sold.
In actual fact, any knowledge that you have or any idea, product or
process that you have come up with that can help people solve their
problems and satisfy their needs is intellectual property.
You definitely have some kind of intellectual property! Why? This
is because unless you have intellectual property, you wouldn't be
able to create any kind of value in the first place. For example,
if you are a lawyer, your intellectual property is the legal
know-how you have.
If you are a photographer, your intellectual property is the
knowledge of photography you have and the pictures you take. If you
are a chef, the intellectual property you have are your recipes and
your method of preparation. If you are a manager, your intellectual
property is your ability to manage people and projects.
License and sell the expertise you have and you can scale your
value immediately!
Magnify your value by reaching more people at one time
The second strategy you can employ to massively scale your value is
by using the magnification approach. In short, reach a greater
number of people all at once. Here are a few examples of how people
can magnify their value.
Increase the Size of Your Audience
Magnifying your Services on the Internet
Magnifying Your Value through the Mass Media
Magnifying the Value of Company Shares through Listing
Earn Recurring Commissions from Sales or Referrals
The third strategy is to multiply your value by earning recurring
commissions from sales and referrals. This involves being paid
multiple times for a single sale effort.
In certain industries like insurance & network marketing, the
recurring commission system is in-built into the compensation
scheme. For example, when an insurance agent sells an insurance
policy, he gets paid a commission.
However, insurance agents get paid additional renewal commissions
for the next five years whenever their client pays their annual
premiums. Although they close the sale once, they get paid over and
over again for the same effort. As a result, their efforts are
multiplied!
Earn Profits, Dividends & Royalties from Businesses
The fourth strategy is to use the power of a business to multiply
your value! When you work as an employee or are self-employed,
there is always a limit to how much leverage you can create from
the time you spend at work. You are constantly selling your
personal time for money. Unless you physically spend time, the
income stops.
When you build a business around your value, you will be able to
provide your services to more and more people, without your
physical presence. You literally multiply your value.
There you have it! Four strategies you can use immediately to scale
your value.
Want Exceptional Results?
Time and time again, we hear people with good intentions tell us
that we should know our limits. We should not set goals that are
too high to avoid disappointment.
While it is certainly true that it is so much easier to succeed
with incremental goals, if you want to produce exceptional results
you have to use out-of-the-box strategies.
In fact, I believe that when people say something is impossible
it's only impossible because a strategy has not been found yet.
Many of the things around us that we take for granted were not too
long ago dismissed as 'unrealistic'.
Fifteen years ago, if you told someone that almost everybody today
will be walking around with a telephone the size of a credit card
which can play music, take pictures, send pictures and communicate
with computers, they would think you were crazy.
Why is it now a reality? All it took was for someone to think the
'impossible' and then make it real. Everything you see around you
first started as an idea in someone's head. Everything is created
twice, first in the mind, and then manifested in physical reality.
Were the Wright brothers being very realistic when they set out to
build a flying machine?
Not only were they not scientists or engineers, it was also
believed by the scientific community that it was physically
impossible for machines that are heavier than air to fly. Again, by
changing their strategy and doing whatever it takes, they finally
invented the first airplane.
Today, it is still a wonder that a five hundred ton jumbo jet
carrying over 300 people can lift off and fly 35,000 feet above sea
level. If the Wright brothers had been realistic, you and I would
still be taking the slow boat to China.
People that make history are those that set goals that everyone
else had thought was 'unrealistic' and even crazy. By using the
ultimate success formula and doing whatever it takes, they made the
impossible possible.
that we should know our limits. We should not set goals that are
too high to avoid disappointment.
While it is certainly true that it is so much easier to succeed
with incremental goals, if you want to produce exceptional results
you have to use out-of-the-box strategies.
In fact, I believe that when people say something is impossible
it's only impossible because a strategy has not been found yet.
Many of the things around us that we take for granted were not too
long ago dismissed as 'unrealistic'.
Fifteen years ago, if you told someone that almost everybody today
will be walking around with a telephone the size of a credit card
which can play music, take pictures, send pictures and communicate
with computers, they would think you were crazy.
Why is it now a reality? All it took was for someone to think the
'impossible' and then make it real. Everything you see around you
first started as an idea in someone's head. Everything is created
twice, first in the mind, and then manifested in physical reality.
Were the Wright brothers being very realistic when they set out to
build a flying machine?
Not only were they not scientists or engineers, it was also
believed by the scientific community that it was physically
impossible for machines that are heavier than air to fly. Again, by
changing their strategy and doing whatever it takes, they finally
invented the first airplane.
Today, it is still a wonder that a five hundred ton jumbo jet
carrying over 300 people can lift off and fly 35,000 feet above sea
level. If the Wright brothers had been realistic, you and I would
still be taking the slow boat to China.
People that make history are those that set goals that everyone
else had thought was 'unrealistic' and even crazy. By using the
ultimate success formula and doing whatever it takes, they made the
impossible possible.
Why You Must Start Setting Goals!
If there is one message I must get across, it is this. You must
start setting goals in every major area of your life. Right now,
whatever your age, whatever you are doing.
Without something to focus on, the decisions we make and actions we
take daily will not have any long-term direction, and will not
result in any kind of achievement.
Without direction, we will be caught up with short term outcomes
like paying the bills, watching TV, going shopping, trying out the
newest restaurant, avoiding problems or simply making it through
one hectic week after another. Like rats on a treadmill. We will
tend to be caught up in a stressed and monotonous existence instead
of designing a destiny and truly living.
The human mind is always pursing some kind of goal, however feeble.
If we don't focus our mind on long term goals that lead us to
success, our minds will tend to focus on short term and small goals
that serve only tp distract us and waste our time.
I always like to use a river as a metaphor for life. We are all in
our boats moving down this raging river which splits into many
tributaries downstream, representing the many outcomes. Which
tributary we take will determine where we end up.
When we are clear which stream we want to take, we will begin
rowing in that direction. Now, along the way, there are definitely
going to be currents that pull us in different directions.
There are going to be rocks and rapids that block our path. But if
we stay focused on where we want to go, we will just keep rowing
steadfastly, re-directing our boat until we get to our destination.
However, if we go through life without any clear idea of where we
are going and where we want to end up, we will just row our boats
aimlessly. We will just allow the currents and the rocks to move us
in all directions.
This is what happens to most people. There end up going down a
stream that they don't want to be in. When they finally realize
that it is not an outcome they want, they start paddling hard to
avoid it. By this time, for many, it will be too late.
They go over the rapids (disaster) or finish up in a dead-end mill
pond. They end up feeling frustrated, disillusioned and unfulfilled
in the many different areas of their life. So, surely it is time to
start deciding where you want to end up in your river of life!
Start setting goals today!
start setting goals in every major area of your life. Right now,
whatever your age, whatever you are doing.
Without something to focus on, the decisions we make and actions we
take daily will not have any long-term direction, and will not
result in any kind of achievement.
Without direction, we will be caught up with short term outcomes
like paying the bills, watching TV, going shopping, trying out the
newest restaurant, avoiding problems or simply making it through
one hectic week after another. Like rats on a treadmill. We will
tend to be caught up in a stressed and monotonous existence instead
of designing a destiny and truly living.
The human mind is always pursing some kind of goal, however feeble.
If we don't focus our mind on long term goals that lead us to
success, our minds will tend to focus on short term and small goals
that serve only tp distract us and waste our time.
I always like to use a river as a metaphor for life. We are all in
our boats moving down this raging river which splits into many
tributaries downstream, representing the many outcomes. Which
tributary we take will determine where we end up.
When we are clear which stream we want to take, we will begin
rowing in that direction. Now, along the way, there are definitely
going to be currents that pull us in different directions.
There are going to be rocks and rapids that block our path. But if
we stay focused on where we want to go, we will just keep rowing
steadfastly, re-directing our boat until we get to our destination.
However, if we go through life without any clear idea of where we
are going and where we want to end up, we will just row our boats
aimlessly. We will just allow the currents and the rocks to move us
in all directions.
This is what happens to most people. There end up going down a
stream that they don't want to be in. When they finally realize
that it is not an outcome they want, they start paddling hard to
avoid it. By this time, for many, it will be too late.
They go over the rapids (disaster) or finish up in a dead-end mill
pond. They end up feeling frustrated, disillusioned and unfulfilled
in the many different areas of their life. So, surely it is time to
start deciding where you want to end up in your river of life!
Start setting goals today!
Millionaire Habit 5: Love What You Do
The most common question that people ask about getting rich is,
'What is the best career or business that will make me the most
money?' Should I go into education? Food? Insurance? Network
marketing? Healthcare? Options trading? Property? What's the best
industry to be in right now?
Well, you will find that in ANY industry, there will be a minority
who will be making plenty of money, while the majority will be
struggling to survive.
So my answer to that question is that you can become a millionaire
in ANY INDUSTRY, only if you are one of the best! If you are not
one of the best, you will never become rich in ANY industry.
You CAN become a millionaire in insurance, property, options
trading, children's education, pest-control, retail, food or
Internet marketing ONLY when you are one of the best.
So, how do you become the best in the market? The answer is by
being totally, absolutely one hundred percent committed towards
your particular career or business.
All successful individuals have one thing in common. They love what
they do. And because they have such an intense passion for their
particular career or business, they do not distinguish work from
play.
Their work is their play and vice versa. As a result, they spend
every single day and every waking hour working (to them it's not
work), and that is why they become so good at it that they become
market leaders and experts.
Have you ever wondered why Bill Gates, the richest man in the world
who is worth US$46 billion still works 18-hour days, every single
day?
Why doesn't he just sit back and relax on the beach? The reason is
because like all millionaires, what drives him is never really the
money per se; it is the love of being at the forefront of
technology.
It was his obsession of 'putting a computer in every home running
Microsoft software' that made him the best in the field.
Many people have the belief that millionaires are people who are
just naturally more motivated, disciplined and focused. The truth
is that when anyone does something he or she loves, the motivation,
focus and discipline always comes naturally.
If you find that you lack the motivation and discipline to become
successful in what you do, the reason is very obvious. It is not
your passion!
Think about it. Do you have a natural passion for something? Do you
have a hobby? Like playing golf? Looking at beautiful women or men?
Computer games? Football? Playing with children? Haven't you
noticed that whenever you are doing what you love, the energy never
stops?
It's like no matter how tired you are, you will always find the
energy to do what you love. Well, this is the secret that will lead
to your success and wealth!
You have to find something you are extremely passionate about and
build your career or business around it!
When you do, you will find that you will be naturally focused,
committed and energized to work at it. When you give your best to
whatever you are crazy about, you will become the best!
So start asking yourself...
· 'What do I love to do'? ' What would I do even if I didn't get
paid?'
· 'If I had all the money in the world, how would I spend my time?'
· 'Who are people who have made their fortunes around this passion
I have?'
I guarantee you that when you start looking for them, you will find
no lack of role models you can learn from. Remember, do what you
love and you will never work another day in your life!
'What is the best career or business that will make me the most
money?' Should I go into education? Food? Insurance? Network
marketing? Healthcare? Options trading? Property? What's the best
industry to be in right now?
Well, you will find that in ANY industry, there will be a minority
who will be making plenty of money, while the majority will be
struggling to survive.
So my answer to that question is that you can become a millionaire
in ANY INDUSTRY, only if you are one of the best! If you are not
one of the best, you will never become rich in ANY industry.
You CAN become a millionaire in insurance, property, options
trading, children's education, pest-control, retail, food or
Internet marketing ONLY when you are one of the best.
So, how do you become the best in the market? The answer is by
being totally, absolutely one hundred percent committed towards
your particular career or business.
All successful individuals have one thing in common. They love what
they do. And because they have such an intense passion for their
particular career or business, they do not distinguish work from
play.
Their work is their play and vice versa. As a result, they spend
every single day and every waking hour working (to them it's not
work), and that is why they become so good at it that they become
market leaders and experts.
Have you ever wondered why Bill Gates, the richest man in the world
who is worth US$46 billion still works 18-hour days, every single
day?
Why doesn't he just sit back and relax on the beach? The reason is
because like all millionaires, what drives him is never really the
money per se; it is the love of being at the forefront of
technology.
It was his obsession of 'putting a computer in every home running
Microsoft software' that made him the best in the field.
Many people have the belief that millionaires are people who are
just naturally more motivated, disciplined and focused. The truth
is that when anyone does something he or she loves, the motivation,
focus and discipline always comes naturally.
If you find that you lack the motivation and discipline to become
successful in what you do, the reason is very obvious. It is not
your passion!
Think about it. Do you have a natural passion for something? Do you
have a hobby? Like playing golf? Looking at beautiful women or men?
Computer games? Football? Playing with children? Haven't you
noticed that whenever you are doing what you love, the energy never
stops?
It's like no matter how tired you are, you will always find the
energy to do what you love. Well, this is the secret that will lead
to your success and wealth!
You have to find something you are extremely passionate about and
build your career or business around it!
When you do, you will find that you will be naturally focused,
committed and energized to work at it. When you give your best to
whatever you are crazy about, you will become the best!
So start asking yourself...
· 'What do I love to do'? ' What would I do even if I didn't get
paid?'
· 'If I had all the money in the world, how would I spend my time?'
· 'Who are people who have made their fortunes around this passion
I have?'
I guarantee you that when you start looking for them, you will find
no lack of role models you can learn from. Remember, do what you
love and you will never work another day in your life!
Millionaire Habit 4: Delayed Gratification
What keeps most people from becoming rich is the habit of wanting
instant gratification. Instant gratification is the habit of always
wanting to enjoy now and not having the patience to wait for future
benefits. As a result, these people spend a lot more than they
invest.
By spending on that new car, new widescreen television set or
designer watch they get instant gratification.
When it comes to investing in books, seminars, stocks or insurance
products, they will think twice as they have to wait for future
benefits.
It is precisely for this reason that whatever money comes into
their hands will soon be frittered away and not multiplied.
People who want instant gratification will always look for quick
and easy ways of making money rather than building a sustainable
business that adds value to (repeat) customers.
They tend to cut corners on quality and deliver shoddy products to
save money and boost short term profits. As a result, their profits
rarely last and they will soon go out of business.
At the same time, those who desire instant gratification lack the
patience to allow their money to grow and compound through
investing.
When they don't see huge sums of money in a few weeks, they abandon
their investments and never get to reap the benefits. They have no
patience to wait for the seeds they sow to grow into huge money
trees that bear fruit.
On the other hand, all millionaires adopt the habit of 'delayed
gratification.' They have the patience to wait for greater
abundance in the future.
Whether in business or in investments, you must have delayed
gratification in order to create massive wealth.
People with delayed gratification invest a lot more than they
spend. Again, they know that by spending a dollar, they may feel
good for an instant, but their future wealth will be destroyed.
When it comes to spending money, they are extremely frugal. However
when it comes to investing, they do not think twice about writing a
check for a few thousands dollars. They know that through patience,
that money will multiply into a future fortune.
Millionaires never take shortcuts in business. They look at always
giving the best value to their customers, even if it means earning
less at present. They know that by building their reputation, it
will lead to huge profit streams in the future.
So, develop the habit of delayed gratification - and spend wisely -
and you will see your money multiply.
instant gratification. Instant gratification is the habit of always
wanting to enjoy now and not having the patience to wait for future
benefits. As a result, these people spend a lot more than they
invest.
By spending on that new car, new widescreen television set or
designer watch they get instant gratification.
When it comes to investing in books, seminars, stocks or insurance
products, they will think twice as they have to wait for future
benefits.
It is precisely for this reason that whatever money comes into
their hands will soon be frittered away and not multiplied.
People who want instant gratification will always look for quick
and easy ways of making money rather than building a sustainable
business that adds value to (repeat) customers.
They tend to cut corners on quality and deliver shoddy products to
save money and boost short term profits. As a result, their profits
rarely last and they will soon go out of business.
At the same time, those who desire instant gratification lack the
patience to allow their money to grow and compound through
investing.
When they don't see huge sums of money in a few weeks, they abandon
their investments and never get to reap the benefits. They have no
patience to wait for the seeds they sow to grow into huge money
trees that bear fruit.
On the other hand, all millionaires adopt the habit of 'delayed
gratification.' They have the patience to wait for greater
abundance in the future.
Whether in business or in investments, you must have delayed
gratification in order to create massive wealth.
People with delayed gratification invest a lot more than they
spend. Again, they know that by spending a dollar, they may feel
good for an instant, but their future wealth will be destroyed.
When it comes to spending money, they are extremely frugal. However
when it comes to investing, they do not think twice about writing a
check for a few thousands dollars. They know that through patience,
that money will multiply into a future fortune.
Millionaires never take shortcuts in business. They look at always
giving the best value to their customers, even if it means earning
less at present. They know that by building their reputation, it
will lead to huge profit streams in the future.
So, develop the habit of delayed gratification - and spend wisely -
and you will see your money multiply.
Millionaire Habit 3: Take 100% Responsibility
Wealth habit number three is the habit of taking responsibility for
your results and wealth!
Unfortunately most people choose to adopt the victim's mindset of
giving excuses, blaming and complaining.
Remember when you give excuses to yourself (i.e. no time, no luck,
no capital, no ex-perience etc...) or blame others for your lack of
wealth, then you are putting others and external events in control
of your life!
When you are not in control, you do not have the power to change
your circumstances.
Instead, millionaires take 100% responsibility for their wealth.
They believe that they alone create their wealth through their
strategies and actions.
As a result, they know that they have the power to change their
wealth by changing their strategies and actions.
It is only when you live by this habit will you have the
power to exponentially multiply your in-come and wealth.
your results and wealth!
Unfortunately most people choose to adopt the victim's mindset of
giving excuses, blaming and complaining.
Remember when you give excuses to yourself (i.e. no time, no luck,
no capital, no ex-perience etc...) or blame others for your lack of
wealth, then you are putting others and external events in control
of your life!
When you are not in control, you do not have the power to change
your circumstances.
Instead, millionaires take 100% responsibility for their wealth.
They believe that they alone create their wealth through their
strategies and actions.
As a result, they know that they have the power to change their
wealth by changing their strategies and actions.
It is only when you live by this habit will you have the
power to exponentially multiply your in-come and wealth.
Millionaire Habit 2: Be Proactive
I notice that there will always be some people who will go around
introducing themselves first and getting to know as many people as
they can.
These people exhibit the pattern of being proactive. People who are
proactive are people who take the initiative to make things happen.
When there are no opportunities, proactive people are those that go
out and find opportunities. If they cannot find any, they will
create their own opportunities. When problems get in their way,
proactive people will take action to solve their own problems!
On the other hand, there would always be an even larger number of
people who will just stand around and wait for others to come and
shake their hand.
These people exhibit the reactive mindset. People with the reactive
mindset have the habit of waiting for things to happen to them.
They tend to act only in reaction to others' actions.
As a result, they have a lot less control and choices over results
that affect them. When no opportunities present themselves,
reactive people just sit and wait for the opportunities to come to
them.
They are characteristic of people who complain about everything
that is happening around them and hope that something will change.
When reactive people face problems, they will just wait for others
to come and solve their problem.
When the Asian currency crisis hit Singapore in 1997, many
companies saw their sales and profits plummet. Many business owners
were reactive and just sat tight and prayed for the bad times to
pass.
Instead, Ron Sim, CEO of Osim International (a company that
develops luxury massage chairs) took the proactive action of
entering new markets like Hong Kong and Taiwan.
As a result, his company profits were not only unaffected by the
crisis but they continued to increase.
When the Asian economies recovered, over 60% of Osim's business
came from outside their home country of Singapore, leading to even
higher earnings growth of over 30%!
By having the proactive mindset, you put yourself in the position
of power and choice. You are in command and will take action that
leads to wealth and success.
However, when you act in a reactive pattern, you will find that
your finances will never be within your control.
introducing themselves first and getting to know as many people as
they can.
These people exhibit the pattern of being proactive. People who are
proactive are people who take the initiative to make things happen.
When there are no opportunities, proactive people are those that go
out and find opportunities. If they cannot find any, they will
create their own opportunities. When problems get in their way,
proactive people will take action to solve their own problems!
On the other hand, there would always be an even larger number of
people who will just stand around and wait for others to come and
shake their hand.
These people exhibit the reactive mindset. People with the reactive
mindset have the habit of waiting for things to happen to them.
They tend to act only in reaction to others' actions.
As a result, they have a lot less control and choices over results
that affect them. When no opportunities present themselves,
reactive people just sit and wait for the opportunities to come to
them.
They are characteristic of people who complain about everything
that is happening around them and hope that something will change.
When reactive people face problems, they will just wait for others
to come and solve their problem.
When the Asian currency crisis hit Singapore in 1997, many
companies saw their sales and profits plummet. Many business owners
were reactive and just sat tight and prayed for the bad times to
pass.
Instead, Ron Sim, CEO of Osim International (a company that
develops luxury massage chairs) took the proactive action of
entering new markets like Hong Kong and Taiwan.
As a result, his company profits were not only unaffected by the
crisis but they continued to increase.
When the Asian economies recovered, over 60% of Osim's business
came from outside their home country of Singapore, leading to even
higher earnings growth of over 30%!
By having the proactive mindset, you put yourself in the position
of power and choice. You are in command and will take action that
leads to wealth and success.
However, when you act in a reactive pattern, you will find that
your finances will never be within your control.
Wednesday, October 24, 2007
Overcoming Any Odds!
We have heard so many stories of people who were born with all
kinds of handicaps and despite all the odds stacked against them,
they managed to create a life most others can only dream about.
Yet, many, despite being born with all the money, advantages,
resources and opportunities choose to make nothing of themselves.
In fact, many of them end up destroying their lives.
Here are some examples.
Oprah Winfrey - Street urchin to talk show host extraordinary
What would you say of a child who was born to a single 13-year-old
mother who was struggling to survive on the streets? What would you
say if I told you that this child became the victim of multiple
physical and sexual abuses before the age of thirteen herself? She
later became pregnant and gave birth to a still-born baby.
She often got into trouble with the law before the age of fifteen.
You wouldn't bet too much hope on her future would you? What if I
told you that this person was Oprah Winfrey, one of the richest and
most successful women in the United States? And she is an
Afro-American as well.
Superman to Paraplegic...and now an Inspiration to all
Now, think of Christopher Reeve. Many of us remember Reeves as
invincible Superman. He not only had super strength but super
powers, he could literally fly. More than that, Christopher Reeve
had the fantastic physique to make the role he played to super
stardom, magical and believable.
Then, in 1994, a tragic horse riding accident left Reeve paralyzed
from the neck down for life! Initially, the meaning he attached to
the accident was that his life was over and that he would be a
burden to everyone.
Utterly depressed Reeve wanted his doctors to take him off life
support and allow him to die. It was his wife who asked him to give
himself (and his family) two years. If, at the end of the two
years, he felt the same way, they would find a way to let him go.
But as Reeve's rehabilitation began, surrounded by his very loving
and supportive family and friends, he started to attach a totally
different meaning to his disability. He began to see that he
(because of his fame) could become an inspiration and symbol to all
those who are suffering from various disabilities, and who have
lost hope.
The meaning he gave to his experience put him in a resourceful state.
As he continued to bear his massive disability stoically and
improve, bit by bit, he started to write what went to become a
best-selling book called 'Nothing is Impossible'.
Though imprisoned in his body, Reeve gave hundreds of moving
speeches and inspiring seminars; he even directed a movie and won
an academy award.
Millions around the world have been inspired by Reeve indomitable
spirit and he has raised millions through the Christopher Reeve
foundation.
Terry Fox's Marathon of Hope
Heard of Terry Fox, Canadian marathon runner? Well, at 18 Terry was
diagnosed with cancer and had to have his right leg amputated.
Most people would see this as a tragedy and never, in their
wildest dreams, would they see themselves running. Not Terry Fox.
This courageous man decided that he would use this experience to
raise money for cancer research and make a difference to all cancer
sufferers. So, despite having only one leg, Terry started to run
across Canada to raise a million dollars.
Sadly, half way through his journey, Terry contracted another
cancer, this time in his lungs. He was forced to stop his run and
died on June 28, 1981. However, because of the inspiration that his
courage had created, he raised over US$24 million for his cause.
Today, over $330 million has been raised around the world through
the Terry Fox Marathon of Hope.
In all of our lives, there will always come a time when things seem
unfair, that no matter how hard we work for something, we did not
get what we believed we deserved. It may even be a terrible tragedy.
Many people allow events such as these to destroy their
self-esteem, their faith and belief about themselves and the
essential goodness of others.
They allow these events to cripple them forever in taking action.
But there are always others who use what appeared to be negative
events/happenings to grow stronger, wiser and more powerful.
kinds of handicaps and despite all the odds stacked against them,
they managed to create a life most others can only dream about.
Yet, many, despite being born with all the money, advantages,
resources and opportunities choose to make nothing of themselves.
In fact, many of them end up destroying their lives.
Here are some examples.
Oprah Winfrey - Street urchin to talk show host extraordinary
What would you say of a child who was born to a single 13-year-old
mother who was struggling to survive on the streets? What would you
say if I told you that this child became the victim of multiple
physical and sexual abuses before the age of thirteen herself? She
later became pregnant and gave birth to a still-born baby.
She often got into trouble with the law before the age of fifteen.
You wouldn't bet too much hope on her future would you? What if I
told you that this person was Oprah Winfrey, one of the richest and
most successful women in the United States? And she is an
Afro-American as well.
Superman to Paraplegic...and now an Inspiration to all
Now, think of Christopher Reeve. Many of us remember Reeves as
invincible Superman. He not only had super strength but super
powers, he could literally fly. More than that, Christopher Reeve
had the fantastic physique to make the role he played to super
stardom, magical and believable.
Then, in 1994, a tragic horse riding accident left Reeve paralyzed
from the neck down for life! Initially, the meaning he attached to
the accident was that his life was over and that he would be a
burden to everyone.
Utterly depressed Reeve wanted his doctors to take him off life
support and allow him to die. It was his wife who asked him to give
himself (and his family) two years. If, at the end of the two
years, he felt the same way, they would find a way to let him go.
But as Reeve's rehabilitation began, surrounded by his very loving
and supportive family and friends, he started to attach a totally
different meaning to his disability. He began to see that he
(because of his fame) could become an inspiration and symbol to all
those who are suffering from various disabilities, and who have
lost hope.
The meaning he gave to his experience put him in a resourceful state.
As he continued to bear his massive disability stoically and
improve, bit by bit, he started to write what went to become a
best-selling book called 'Nothing is Impossible'.
Though imprisoned in his body, Reeve gave hundreds of moving
speeches and inspiring seminars; he even directed a movie and won
an academy award.
Millions around the world have been inspired by Reeve indomitable
spirit and he has raised millions through the Christopher Reeve
foundation.
Terry Fox's Marathon of Hope
Heard of Terry Fox, Canadian marathon runner? Well, at 18 Terry was
diagnosed with cancer and had to have his right leg amputated.
Most people would see this as a tragedy and never, in their
wildest dreams, would they see themselves running. Not Terry Fox.
This courageous man decided that he would use this experience to
raise money for cancer research and make a difference to all cancer
sufferers. So, despite having only one leg, Terry started to run
across Canada to raise a million dollars.
Sadly, half way through his journey, Terry contracted another
cancer, this time in his lungs. He was forced to stop his run and
died on June 28, 1981. However, because of the inspiration that his
courage had created, he raised over US$24 million for his cause.
Today, over $330 million has been raised around the world through
the Terry Fox Marathon of Hope.
In all of our lives, there will always come a time when things seem
unfair, that no matter how hard we work for something, we did not
get what we believed we deserved. It may even be a terrible tragedy.
Many people allow events such as these to destroy their
self-esteem, their faith and belief about themselves and the
essential goodness of others.
They allow these events to cripple them forever in taking action.
But there are always others who use what appeared to be negative
events/happenings to grow stronger, wiser and more powerful.
Tuesday, October 23, 2007
The Rainbow in Every Dark Cloud
This is known as the law of polarity.
For every north, there is a south. For every outside, there is an
inside, for every crisis, there is an opportunity and for every
heads, there is a tails. For every concave, there is a convex.
For everything that comes to an end, something new begins.
The meaning we choose to attach to an experience is the meaning we
create. When we interpret an experience as negative or bad, we will
get into a miserable state, take lousy actions (even inaction is a
form of lousy action) and produce negative results.
At the same time, when we interpret an experience as positive, we
get into resourceful states, take positive action, and eventually
create positive results.
This can be summarized in a formula that goes Event + Response =
Outcome. This wonderful formula is given by Jack Canfield
(Co-author of Chicken Soup for the Soul).
Many people believe that it is the events around us that shape our
outcomes. They believe that people who are happier and more
successful just happen to experience better events in their lives?
You and I both know that this is totally untrue. It is not the
things that happen to us, but rather how we choose to respond to
happenings and external circumstances that ultimately shape our
outcomes.
As you well know, we cannot control every single thing that happens
to us, but we can control how we choose to respond to it.
For example, if you go sailing, you cannot control where the wind
is going to blow. You can complain and blame the wind all you want
but it is not going to be of any use.
However, you can control how you maneuver the sails, and that will
control the outcome of your boat's direction.
We have heard so many stories of people who were born with all
kinds of handicaps and despite all the odds stacked against them,
they managed to create a life most others can only dream about.
What we must understand is that all meaning is context dependant.
In other words, there is no meaning in life except the meaning we
choose to give it.
When we look at things (an experience, an incident, an event) from
one perspective, it may seem totally bad. However, when we change
the way we look at the same thing, i.e. from a different context,
the meaning completely changes.
It could become totally powerful for you.
You can also see that any experience in life carries with it
multiple meanings. Anything is life has the potential to be either
good/positive or bad/negative.
It depends on your perspective, the frame in which you are seeing
it from.
People who succeed and live fulfilling and enriching lives don't
experience better events, they just re-present things and respond
in a much more powerful way.
For every north, there is a south. For every outside, there is an
inside, for every crisis, there is an opportunity and for every
heads, there is a tails. For every concave, there is a convex.
For everything that comes to an end, something new begins.
The meaning we choose to attach to an experience is the meaning we
create. When we interpret an experience as negative or bad, we will
get into a miserable state, take lousy actions (even inaction is a
form of lousy action) and produce negative results.
At the same time, when we interpret an experience as positive, we
get into resourceful states, take positive action, and eventually
create positive results.
This can be summarized in a formula that goes Event + Response =
Outcome. This wonderful formula is given by Jack Canfield
(Co-author of Chicken Soup for the Soul).
Many people believe that it is the events around us that shape our
outcomes. They believe that people who are happier and more
successful just happen to experience better events in their lives?
You and I both know that this is totally untrue. It is not the
things that happen to us, but rather how we choose to respond to
happenings and external circumstances that ultimately shape our
outcomes.
As you well know, we cannot control every single thing that happens
to us, but we can control how we choose to respond to it.
For example, if you go sailing, you cannot control where the wind
is going to blow. You can complain and blame the wind all you want
but it is not going to be of any use.
However, you can control how you maneuver the sails, and that will
control the outcome of your boat's direction.
We have heard so many stories of people who were born with all
kinds of handicaps and despite all the odds stacked against them,
they managed to create a life most others can only dream about.
What we must understand is that all meaning is context dependant.
In other words, there is no meaning in life except the meaning we
choose to give it.
When we look at things (an experience, an incident, an event) from
one perspective, it may seem totally bad. However, when we change
the way we look at the same thing, i.e. from a different context,
the meaning completely changes.
It could become totally powerful for you.
You can also see that any experience in life carries with it
multiple meanings. Anything is life has the potential to be either
good/positive or bad/negative.
It depends on your perspective, the frame in which you are seeing
it from.
People who succeed and live fulfilling and enriching lives don't
experience better events, they just re-present things and respond
in a much more powerful way.
Millionaire Habit 1: Always Exceed Expectations
Those people who always exceed expectations are known as Value
creators and they end up as the rich and wealthy of our society. If
they are paid $3,000, they will work as if they are being paid
$20,000.
If they are expected to generate $10,000 worth of profits, they
will create $30,000 worth of value! They are called value creators
because they create value for companies.
It is through their efforts, that the company makes more and more
profits every year. As a result, their income is not considered an
expense to the company, but a great investment.
Even in periods of downturns, when everyone else is getting
retrenched and pay cuts, they get pay increases, bonuses and stock
options.
The company knows that for every dollar they invest in them, they
will return triple the value. These people are the high flyers who
get promoted super fast and get their incomes doubling and tripling
in a few years.
In the past, income was based mainly on seniority and loyalty. The
longer you stayed, the more you were valued. In today's world,
income is based entirely on the amount of value you can create.
It is not uncommon to see people who are much younger, with a lot
less experience directing businesses and earning lots more than
senior workers who have been with the company a lot longer.
Value creators are indispensable assets to their company! They are
very hard to replace. And that is why companies will pay them more
and more and offer them partnerships to retain them.
Value creators are never out of a good job. They are usually head
hunted by other companies all the time, the head hunters offering
to double their income if they join them.
This habit does not just apply to employees, it applies to anyone
from sports stars to business owners.
When Michael Jordan was interviewed and asked how he became the
world's greatest basketball player, he replied, "I expect more from
myself than anyone would ever expect from me!"
When my coach expects me to train three times a week, I would train
five times. When my coach expects me to score 15 points for each
game, I would score 36 points! That is why I am the best in the
world".
Do more than anyone expects of you and you will find the river of
success flow like an never-rending stream into your life. Cultivate
this habit now and you will start to see results immediately.
creators and they end up as the rich and wealthy of our society. If
they are paid $3,000, they will work as if they are being paid
$20,000.
If they are expected to generate $10,000 worth of profits, they
will create $30,000 worth of value! They are called value creators
because they create value for companies.
It is through their efforts, that the company makes more and more
profits every year. As a result, their income is not considered an
expense to the company, but a great investment.
Even in periods of downturns, when everyone else is getting
retrenched and pay cuts, they get pay increases, bonuses and stock
options.
The company knows that for every dollar they invest in them, they
will return triple the value. These people are the high flyers who
get promoted super fast and get their incomes doubling and tripling
in a few years.
In the past, income was based mainly on seniority and loyalty. The
longer you stayed, the more you were valued. In today's world,
income is based entirely on the amount of value you can create.
It is not uncommon to see people who are much younger, with a lot
less experience directing businesses and earning lots more than
senior workers who have been with the company a lot longer.
Value creators are indispensable assets to their company! They are
very hard to replace. And that is why companies will pay them more
and more and offer them partnerships to retain them.
Value creators are never out of a good job. They are usually head
hunted by other companies all the time, the head hunters offering
to double their income if they join them.
This habit does not just apply to employees, it applies to anyone
from sports stars to business owners.
When Michael Jordan was interviewed and asked how he became the
world's greatest basketball player, he replied, "I expect more from
myself than anyone would ever expect from me!"
When my coach expects me to train three times a week, I would train
five times. When my coach expects me to score 15 points for each
game, I would score 36 points! That is why I am the best in the
world".
Do more than anyone expects of you and you will find the river of
success flow like an never-rending stream into your life. Cultivate
this habit now and you will start to see results immediately.
Tuesday, October 16, 2007
SWEAT
S = Set up your goal
W = Work Ethnic
E = Encouragement
A = Accept things that you can't change
T = Tenacity
W = Work Ethnic
E = Encouragement
A = Accept things that you can't change
T = Tenacity
Save Your Self Time Energy Money (SYSTEM)
When you have a system, it saves you time, energy, and money. If you don't have a system. it almost impossible to succeed.
Monday, October 1, 2007
Spend Your Time Differently
The fact is that you cannot save time. You can only spend time differently. You can only rellocate time away from lower-value activitites toward higher-value actives. Instead of trying to do more things, you should do fewer things but things of higher value.
Another way to simplify your life is to reengineer your activities. That means you look for ways to reduce, condense, and consolidate the steps in a particular business process. You delegate everything you can to others who can do them as well as you. You outsource all business activities that can be done by other companies. You eliminate all low-value, no-value activitites that consume time but contribute little. You look for ways to conolidate several tasks into one job and do it all at once.
Another way to simplify your life is to reengineer your activities. That means you look for ways to reduce, condense, and consolidate the steps in a particular business process. You delegate everything you can to others who can do them as well as you. You outsource all business activities that can be done by other companies. You eliminate all low-value, no-value activitites that consume time but contribute little. You look for ways to conolidate several tasks into one job and do it all at once.
Friday, August 31, 2007
Planning Your Great Day
Most people are fully aware that to spend a really effective day, one of the most important things to do at the outset is to make a simple plan to maximize your time.
Here are 5 key tips to make sure that your planning is quick, effective and completely in line with your goals.
Tip #1 - Why.
The point of planning is to manage your time effectively and give you the opportunity
to be realistic about what you hope to achieve. It is a good idea to decide which tasks take priority and which ones will take the most time, require you to be in a certain place or demand certain equipment.
Thinking about these things in advance makes sure that you know exactly what you need to prepare so that you can take action immediately and not go into what I call 'pencil sharpening' mode; spending all your time getting ready instead of doing something.
Tip #2 - Where.
Find a quiet place to do your planning. You need the time and the space, without
distractions, to think about the bigger picture of what you are trying to achieve. Your daily plan is the building block of your overall construction and you need the perspective to make sure you're not putting on the roof, before you have built the walls.
Tip #3 - When.
One of the dangers of planning is that the very act of writing down what we intend to
do is capable of taking up all the time that we planned to use for action. This is what I mean by
'pencil sharpening'.
A very simple cure is to do your planning the night before. That way it doesn't eat into your action time. It also allows your subconscious mind to start work straight away, while you slumber, on some of the issues ready for when you wake up.
Just make sure that you don't stay up all night, planning! You need your sleep too.
Tip #4 - What.
Try not to get carried away with your planning process. A day chart with coloured
time slots and flow charts may look great but it is certainly not necessary. A simple list of tasks
in time order is all that's required. Highlight the ones that must get done and recognise that
if they overrun, then the less important jobs can be allowed to slip.
Tip #5 - How.
Carry your one sheet plan with you all day or pin it up over your workstation. Keep
it up to date and cross off the tasks as they are completed. Remember to carry over unfinished jobs, but give yourself authority to discard them too - the very fact that you didn't get them done may mean that they were unnecessary in the first place.
A plan is a guide to your day, not a rigid and unbending framework. It is there to help you make
realistic judgements about how much time you have and let you see what you still have to get done, but don't become its slave. Allow yourself the flexibility to react to things that happen during the day.
That does not mean allowing yourself to get distracted by trivialities, but no one will ever
thank you for being rigid, if that means turning away from immediate and fruitful opportunities.
So, don't forget; just before you go to bed. Grab a pen and paper, shut yourself away from the family and TV for ten to twenty minutes and put your plan together. You will be amazed at how much more you can achieve each day in return for that small investment of time.
Come and visit to learn...
excelfanatic.com
excelfanatics.com
Here are 5 key tips to make sure that your planning is quick, effective and completely in line with your goals.
Tip #1 - Why.
The point of planning is to manage your time effectively and give you the opportunity
to be realistic about what you hope to achieve. It is a good idea to decide which tasks take priority and which ones will take the most time, require you to be in a certain place or demand certain equipment.
Thinking about these things in advance makes sure that you know exactly what you need to prepare so that you can take action immediately and not go into what I call 'pencil sharpening' mode; spending all your time getting ready instead of doing something.
Tip #2 - Where.
Find a quiet place to do your planning. You need the time and the space, without
distractions, to think about the bigger picture of what you are trying to achieve. Your daily plan is the building block of your overall construction and you need the perspective to make sure you're not putting on the roof, before you have built the walls.
Tip #3 - When.
One of the dangers of planning is that the very act of writing down what we intend to
do is capable of taking up all the time that we planned to use for action. This is what I mean by
'pencil sharpening'.
A very simple cure is to do your planning the night before. That way it doesn't eat into your action time. It also allows your subconscious mind to start work straight away, while you slumber, on some of the issues ready for when you wake up.
Just make sure that you don't stay up all night, planning! You need your sleep too.
Tip #4 - What.
Try not to get carried away with your planning process. A day chart with coloured
time slots and flow charts may look great but it is certainly not necessary. A simple list of tasks
in time order is all that's required. Highlight the ones that must get done and recognise that
if they overrun, then the less important jobs can be allowed to slip.
Tip #5 - How.
Carry your one sheet plan with you all day or pin it up over your workstation. Keep
it up to date and cross off the tasks as they are completed. Remember to carry over unfinished jobs, but give yourself authority to discard them too - the very fact that you didn't get them done may mean that they were unnecessary in the first place.
A plan is a guide to your day, not a rigid and unbending framework. It is there to help you make
realistic judgements about how much time you have and let you see what you still have to get done, but don't become its slave. Allow yourself the flexibility to react to things that happen during the day.
That does not mean allowing yourself to get distracted by trivialities, but no one will ever
thank you for being rigid, if that means turning away from immediate and fruitful opportunities.
So, don't forget; just before you go to bed. Grab a pen and paper, shut yourself away from the family and TV for ten to twenty minutes and put your plan together. You will be amazed at how much more you can achieve each day in return for that small investment of time.
Come and visit to learn...
excelfanatic.com
excelfanatics.com
Wednesday, August 29, 2007
Waterfall Theory
One of the surest things on this planet is gravity. It exists, causing things to drop. Water, therefore, falls from a higher ground to a lower ground. The same thing happens with teaching. If you have a little knowledge in one area than someone else, that makes you someone who could teach.
Even if your area of knowledge is sparse, someone else in the world will have less knowledge than you. If you put it to good use, you could be someone's teacher and add value to their lives.
Just think what you have today.
What are you better than anyone else in...even if it is just by a little bit?
Come and visit to learn...
excelfanatic.com
excelfanatics.com
Even if your area of knowledge is sparse, someone else in the world will have less knowledge than you. If you put it to good use, you could be someone's teacher and add value to their lives.
Just think what you have today.
What are you better than anyone else in...even if it is just by a little bit?
Come and visit to learn...
excelfanatic.com
excelfanatics.com
Microsoft Excel Features For The Financially Literate
Microsoft Office Excel is a great computer program that is widely used throughout the financial industry. Excel is an invaluable tool for portfolio managers, traders and accountants. Billion dollar portfolios and positions can be managed and traded using Excel spreadsheets. Management reports and risk management tools can be created and run in this program. In short, Microsoft Excel has created incredible efficiencies in the finance and accounting industries.
For more information excelfanatics.com
For more information excelfanatics.com
Tuesday, August 28, 2007
Working Smart
If you sell a 2.3kg bar of iron right out of the blast furnace, it will be worth US$6. If you turn the iron into fishing weights, they will be worth US$25. Transfer your iron into fishing hooks and they will sell for US$250. Hammer the iron into hunting knife blades and you get US$2500. If, however, you transform your iron bar into watch springs, they will be worth US$250,000.
Working smarter instead of harder is what creates wealth.
It does not matters what you are worth now, what matters is what you do with what you have got. Time and knowledge will do the work for you
Come and visitexcelfanatic.com
Does Caffeine Increase Blood Pressure?
Caffeine is a natural stimulant found in the nuts, berries, and leaves of certain plants. Caffeine is most commonly consumed as coffee or tea products, and some have estimated that these beverages may be the most widely consumed foods in the world.
Because caffeine is so common in all human cultures, a great deal of research has been done to discover the health effects of caffeine. Relationships between caffeine and heart disease, as well as the caffeine-blood pressure link have been especially active fields of study.
What are stimulants?
Stimulants, by definition, increase the activity of the central nervous system, which is why they make you feel more awake, focused, and alert. However, this increased activity can also cause blood vessel constriction, which may increase blood pressure and alter the supply of blood to the heart.
In fact, most of the dangerous effects of strong stimulants like cocaine and methamphetamine are a direct result of their activity on blood vessels and the heart.
Because caffeine is a stimulant, there is good reason to suspect that coffee and high blood pressure might be related. Caffeine, though, is a very mild stimulant, and has a short life span in the body. Caffeine is also a self-limiting stimulant, because it acts on the kidneys to increase the rate of its own excretion.
Caffeine, Blood Pressure, and the Heart
Evidence has repeatedly shown that consumption of caffeine does not increase the risk of high blood pressure, heart disease or heart attack. One very well-known study examined more than 85,000 women over a ten-year period and found that there was no increased risk of these diseases, even in women who drank more than six cups of coffee per day. The Joint National Committee on Hypertension has specifically stated that there is no evidence linking coffee/tea and high blood pressure.
While some recent studies have shown a weak link between caffeine and elevations in blood pressure, the results are complicated and only consider short-term effects.
For example, one widely quoted study found that blood pressure rose slightly in subjects almost immediately after consuming a caffeinated beverage, and that this blood pressure rise was more pronounced in people with pre-existing high blood pressure. However, these elevations were not very large and only lasted a short time. The study also showed that in about 15 percent of people with existing high blood pressure, drinking a caffeinated beverage actually caused a decrease in blood pressure.
Two important studies published in 2007 further supported the existing body of evidence by again demonstrating that:
One interesting study showed that the caffeine-blood pressure relationship may be more complicated than expected. The study examined how the amount of coffee consumed affected the risk of developing high blood pressure. While the results showed that the risk of high blood pressure was the lowest for those who drink no coffee, it also showed that those who drink a lot of coffee have almost the same risk. In an unexpected twist, people who drank only small amounts of coffee (1-3 cups per day) seemed to have the highest risk. It is believed that over time, the body becomes tolerant to the stimulant effects of caffeine.
Health Benefits
Coffee and tea may actually have many health benefits. While green tea was popular for several years as a healthy source of vitamins and antioxidants, newer research has shown that darker beverages like black tea and coffee may actually be better for you. These dark beverages are a rich source of compounds called polyphenols, which may protect against both heart disease and several types of cancer. Recent studies, for example, have consistently demonstrated a decreased risk of liver cancer in men who drink coffee.
Coffee and tea polyphenols have been shown to lower the level of activated platelets in the blood, which may help prevent blood clots that can lead to stroke. Polyphenols have also been shown to lower the body's concentration of C-reactive protein (CRP), an important factor in inflammation. Decreases in CRP have previously been shown to lower the risk of cardiovascular disease, heart attack, and certain types of kidney disease.
Though coffee and tea contain a lot of polyphenols, other types of polyphenols can be found in different foods. All polyphenols have been shown to have health benefits, but the most beneficial besides those in coffee and tea seem to be:
While the scientific evidence should reassure you if you are a coffee or tea drinker, it doesn't mean you should start because of the potential health benefits. A balanced diet rich in fruits and vegetables is also a great source of polyphenols and polyphenol-related compounds.
Because caffeine is so common in all human cultures, a great deal of research has been done to discover the health effects of caffeine. Relationships between caffeine and heart disease, as well as the caffeine-blood pressure link have been especially active fields of study.
What are stimulants?
Stimulants, by definition, increase the activity of the central nervous system, which is why they make you feel more awake, focused, and alert. However, this increased activity can also cause blood vessel constriction, which may increase blood pressure and alter the supply of blood to the heart.
In fact, most of the dangerous effects of strong stimulants like cocaine and methamphetamine are a direct result of their activity on blood vessels and the heart.
Because caffeine is a stimulant, there is good reason to suspect that coffee and high blood pressure might be related. Caffeine, though, is a very mild stimulant, and has a short life span in the body. Caffeine is also a self-limiting stimulant, because it acts on the kidneys to increase the rate of its own excretion.
Caffeine, Blood Pressure, and the Heart
Evidence has repeatedly shown that consumption of caffeine does not increase the risk of high blood pressure, heart disease or heart attack. One very well-known study examined more than 85,000 women over a ten-year period and found that there was no increased risk of these diseases, even in women who drank more than six cups of coffee per day. The Joint National Committee on Hypertension has specifically stated that there is no evidence linking coffee/tea and high blood pressure.
While some recent studies have shown a weak link between caffeine and elevations in blood pressure, the results are complicated and only consider short-term effects.
For example, one widely quoted study found that blood pressure rose slightly in subjects almost immediately after consuming a caffeinated beverage, and that this blood pressure rise was more pronounced in people with pre-existing high blood pressure. However, these elevations were not very large and only lasted a short time. The study also showed that in about 15 percent of people with existing high blood pressure, drinking a caffeinated beverage actually caused a decrease in blood pressure.
Two important studies published in 2007 further supported the existing body of evidence by again demonstrating that:
- caffeine-induced blood pressure changes were small and short-lived
- caffeine does not contribute to disorders of the blood vessels associated with high blood pressure and cardiovascular disease
One interesting study showed that the caffeine-blood pressure relationship may be more complicated than expected. The study examined how the amount of coffee consumed affected the risk of developing high blood pressure. While the results showed that the risk of high blood pressure was the lowest for those who drink no coffee, it also showed that those who drink a lot of coffee have almost the same risk. In an unexpected twist, people who drank only small amounts of coffee (1-3 cups per day) seemed to have the highest risk. It is believed that over time, the body becomes tolerant to the stimulant effects of caffeine.
Health Benefits
Coffee and tea may actually have many health benefits. While green tea was popular for several years as a healthy source of vitamins and antioxidants, newer research has shown that darker beverages like black tea and coffee may actually be better for you. These dark beverages are a rich source of compounds called polyphenols, which may protect against both heart disease and several types of cancer. Recent studies, for example, have consistently demonstrated a decreased risk of liver cancer in men who drink coffee.
Coffee and tea polyphenols have been shown to lower the level of activated platelets in the blood, which may help prevent blood clots that can lead to stroke. Polyphenols have also been shown to lower the body's concentration of C-reactive protein (CRP), an important factor in inflammation. Decreases in CRP have previously been shown to lower the risk of cardiovascular disease, heart attack, and certain types of kidney disease.
Though coffee and tea contain a lot of polyphenols, other types of polyphenols can be found in different foods. All polyphenols have been shown to have health benefits, but the most beneficial besides those in coffee and tea seem to be:
- Grape polyphenols;
- Apple polyphenols;
- Chocolate polyphenols (dark chocolate with more than 80 percent cocoa)
While the scientific evidence should reassure you if you are a coffee or tea drinker, it doesn't mean you should start because of the potential health benefits. A balanced diet rich in fruits and vegetables is also a great source of polyphenols and polyphenol-related compounds.
Healthy Lifestyle: 6 Great Ways to Start Your Day
A Healthy Lifestyle Starts Each Morning!
The way you spend your morning can add a certain flavor to the rest of your day. Here are some healthy lifestyle habits to incorporate into your morning routine that can leave you better able to handle the stress you experience. Try one or several, and experiment until you find what suits you.
Put On Some Music
Music therapy has been shown to reduce stress and have a positive effect on health. But you don't need a therapist to enjoy some of the benefits music has to offer. Listening to music as you get ready and start your day will create positive energy and a soothing sense of peace (or a sense of fun, if you play party music). Music can compliment other healthy lifestyle habits, adding a sense of peace to a yoga workout, putting a spring in your step on a morning walk, or stimulating your mind as you write in your journal.
Stretch in the Shower
The hot water will loosen up your muscles, so it’s easier to get a good stretch. The act of stretching will help to release stored tension and enable you to start the day feeling more relaxed, at peace, and ready to handle what comes your way.
Eat a Balanced Breakfast
For those of you who start the day on a bagel and coffee, read this! Breakfast is known as ‘the most important meal of the day’ for a very good reason: a healthy meal in the morning can balance your blood sugar levels and give you the sustenance you need to handle physical and mental stress. Without it, you will be less resilient, both physically and mentally. Be sure to have plenty of protein and fruit, not just caffeine and empty calories!
Drink Green Tea
Sipping a warm cup of tea is a soothing activity that will help you prepare for the day ahead and feel nurtured. Green tea is loaded with antioxidants, so it’s a delicious and healthy lifestyle choice.
Write in Your Journal
Journaling has many health and stress management benefits, and can also lead to increased self-awareness. Writing once a day can help you feel focused, process negative emotions, and solve problems.
Morning Walk
Walking has so many health benefits, the stress management benefits are practically just gravy! A morning walk can get you ready for your day, help you sleep better at night, lower your stress level, and reduce your risk of numerous health conditions. And if you bring a dog with you, you’ll be lavished with attention as well!
Yoga
For a healthy body and peaceful mind, few activities give as much ‘bang for your buck’ as yoga. Combining all the goodness of several stress management techniques, such as diaphragmic breathing, meditation, stretching and more, yoga provides some of the best stress management and health benefits you can find in a single technique. A good way to start your morning is by doing a series of yoga poses called Sun Salutations.
The way you spend your morning can add a certain flavor to the rest of your day. Here are some healthy lifestyle habits to incorporate into your morning routine that can leave you better able to handle the stress you experience. Try one or several, and experiment until you find what suits you.
Put On Some Music
Music therapy has been shown to reduce stress and have a positive effect on health. But you don't need a therapist to enjoy some of the benefits music has to offer. Listening to music as you get ready and start your day will create positive energy and a soothing sense of peace (or a sense of fun, if you play party music). Music can compliment other healthy lifestyle habits, adding a sense of peace to a yoga workout, putting a spring in your step on a morning walk, or stimulating your mind as you write in your journal.
Stretch in the Shower
The hot water will loosen up your muscles, so it’s easier to get a good stretch. The act of stretching will help to release stored tension and enable you to start the day feeling more relaxed, at peace, and ready to handle what comes your way.
Eat a Balanced Breakfast
For those of you who start the day on a bagel and coffee, read this! Breakfast is known as ‘the most important meal of the day’ for a very good reason: a healthy meal in the morning can balance your blood sugar levels and give you the sustenance you need to handle physical and mental stress. Without it, you will be less resilient, both physically and mentally. Be sure to have plenty of protein and fruit, not just caffeine and empty calories!
Drink Green Tea
Sipping a warm cup of tea is a soothing activity that will help you prepare for the day ahead and feel nurtured. Green tea is loaded with antioxidants, so it’s a delicious and healthy lifestyle choice.
Write in Your Journal
Journaling has many health and stress management benefits, and can also lead to increased self-awareness. Writing once a day can help you feel focused, process negative emotions, and solve problems.
Morning Walk
Walking has so many health benefits, the stress management benefits are practically just gravy! A morning walk can get you ready for your day, help you sleep better at night, lower your stress level, and reduce your risk of numerous health conditions. And if you bring a dog with you, you’ll be lavished with attention as well!
Yoga
For a healthy body and peaceful mind, few activities give as much ‘bang for your buck’ as yoga. Combining all the goodness of several stress management techniques, such as diaphragmic breathing, meditation, stretching and more, yoga provides some of the best stress management and health benefits you can find in a single technique. A good way to start your morning is by doing a series of yoga poses called Sun Salutations.
Caffeine, Stress and Your Health: Is Caffeine Your Friend or Your Foe?
Caffeine is a drug, popularly consumed in coffee, tea, soft drinks and, in smaller doses, chocolate. While we seem to have a love affair with these products, there’s been quite a bit of confusion and even controversy surrounding caffeine lately. Is it good or bad for us? Here’s a brief tutorial on caffeine, and some surprising answers to these questions.
Effects on the Body:
Hormones- You can feel the effects of caffeine in your system within a few minutes of ingesting it, and it stays on your system for many hours—it has a half-life of four to six hours in your body. While in your body, caffeine affects the following hormones:
Adenosine- Can inhibit absorption of adenosine, which calms the body, which can make you feel alert in the short run, but can cause sleep problems later. (More on this below.)
Adrenaline- Caffeine injects adrenaline into your system, giving you a temporary boost, but possibly making you fatigued and depressed later. If you take more caffeine to counteract these effects, you end up spending the day in an agitated state, and might find yourself jumpy and edgy by night.
Cortisol- Can increase the body’s levels of cortisol, the “stress hormone”, which can lead to other health consequences ranging from weight gain and moodiness to heart disease and diabetes.
Dopamine- Caffeine increases dopamine levels in your system, acting in a way similar to amphetamines, which can make you feel good after taking it, but after it wears off you can feel ‘low’. It can also lead to a physical dependence because of dopamine manipulation.
These changes caffeine makes in your physiology can have both positive and negative consequences:
Sleep
Caffeine can affect your sleep by keeping you awake longer, thereby shortening the amount of sleep you get, and giving you less time in the restorative stages of sleep, which takes a toll on your level of alertness the next day and overall health.
Interestingly, though, caffeine doesn’t affect the stages of sleep the way other stimulants do, so it’s a better choice than speed or other ‘uppers’ to use if you need to stay awake.
Weight
Many experts believe that increased levels of cortisol lead to stronger cravings for fat and carbohydrates, and cause the body to store fat in the abdomen. (Abdominal fat carries with it greater health risks than other types of fat.) Also, if increased cortisol levels lead to stronger cravings for caffeine-laden foods, the body goes into a cycle that leads only to worse health.
The good news, though, is that caffeine can speed up metabolism. Also, it can help the body break down fat about 30% more efficiently if consumed prior to exercise. (You must be exercising to get this benefit, though.) Additionally, caffeine can keep blood sugar levels elevated, leaving you feeling less hungry.
Exercise
If caffeine elevates levels of cortisol and other hormones for a temporary boost, after caffeine wears off, the body can feel fatigued and feelings of mild to moderate depression can set in. This can make physical activity more difficult.
On the positive side, caffeine has been found to enhance physical performance and endurance if it isn’t overused. This, combined with its effect of fat burning during exercise, can actually enhance workouts and enable you to get in better shape if you take it at the right time.
Caffeine and Stress
Because caffeine and stress can both elevate cortisol levels, high amounts of caffeine (or stress) can lead to the negative health effects associated with prolonged elevated levels of cortisol (which you can read about here). If you ingest high levels of caffeine, you may feel your mood soar and plummet, leaving you craving more caffeine to make it soar again, causing you to lose sleep, suffer health consequences and, of course, feel more stress. However, small to moderate amounts of caffeine can lift your mood and give you a boost.
The Verdict on Caffeine
With potential negative and positive health consequences, caffeine can be your friend, but in controlled doses. Here’s what you should remember about caffeine:
Don’t Take Too Much
Because of the health risks (above) associated with higher levels of caffeine, as well as the risk of physical dependence that can come with four cups of coffee or more each day, it’s wise to limit your caffeine intake. (Withdrawal symptoms can include cravings, headache, fatigue and muscle pain.)
No Caffeine After 2pm
Because sleep is important to proper physical functioning, and caffeine can stay in your system for 8 hours or longer, you should cut off or limit your caffeine intake to the first part of the day to ensure that your sleep isn’t disrupted.
Enjoy Caffeine With Physical Activity
Caffeine is best ingested before exercise—that way your performance is enhanced and the stress-management benefits of exercise can keep you healthy and feeling less stressed throughout the day.
Effects on the Body:
Hormones- You can feel the effects of caffeine in your system within a few minutes of ingesting it, and it stays on your system for many hours—it has a half-life of four to six hours in your body. While in your body, caffeine affects the following hormones:
Adenosine- Can inhibit absorption of adenosine, which calms the body, which can make you feel alert in the short run, but can cause sleep problems later. (More on this below.)
Adrenaline- Caffeine injects adrenaline into your system, giving you a temporary boost, but possibly making you fatigued and depressed later. If you take more caffeine to counteract these effects, you end up spending the day in an agitated state, and might find yourself jumpy and edgy by night.
Cortisol- Can increase the body’s levels of cortisol, the “stress hormone”, which can lead to other health consequences ranging from weight gain and moodiness to heart disease and diabetes.
Dopamine- Caffeine increases dopamine levels in your system, acting in a way similar to amphetamines, which can make you feel good after taking it, but after it wears off you can feel ‘low’. It can also lead to a physical dependence because of dopamine manipulation.
These changes caffeine makes in your physiology can have both positive and negative consequences:
Sleep
Caffeine can affect your sleep by keeping you awake longer, thereby shortening the amount of sleep you get, and giving you less time in the restorative stages of sleep, which takes a toll on your level of alertness the next day and overall health.
Interestingly, though, caffeine doesn’t affect the stages of sleep the way other stimulants do, so it’s a better choice than speed or other ‘uppers’ to use if you need to stay awake.
Weight
Many experts believe that increased levels of cortisol lead to stronger cravings for fat and carbohydrates, and cause the body to store fat in the abdomen. (Abdominal fat carries with it greater health risks than other types of fat.) Also, if increased cortisol levels lead to stronger cravings for caffeine-laden foods, the body goes into a cycle that leads only to worse health.
The good news, though, is that caffeine can speed up metabolism. Also, it can help the body break down fat about 30% more efficiently if consumed prior to exercise. (You must be exercising to get this benefit, though.) Additionally, caffeine can keep blood sugar levels elevated, leaving you feeling less hungry.
Exercise
If caffeine elevates levels of cortisol and other hormones for a temporary boost, after caffeine wears off, the body can feel fatigued and feelings of mild to moderate depression can set in. This can make physical activity more difficult.
On the positive side, caffeine has been found to enhance physical performance and endurance if it isn’t overused. This, combined with its effect of fat burning during exercise, can actually enhance workouts and enable you to get in better shape if you take it at the right time.
Caffeine and Stress
Because caffeine and stress can both elevate cortisol levels, high amounts of caffeine (or stress) can lead to the negative health effects associated with prolonged elevated levels of cortisol (which you can read about here). If you ingest high levels of caffeine, you may feel your mood soar and plummet, leaving you craving more caffeine to make it soar again, causing you to lose sleep, suffer health consequences and, of course, feel more stress. However, small to moderate amounts of caffeine can lift your mood and give you a boost.
The Verdict on Caffeine
With potential negative and positive health consequences, caffeine can be your friend, but in controlled doses. Here’s what you should remember about caffeine:
Don’t Take Too Much
Because of the health risks (above) associated with higher levels of caffeine, as well as the risk of physical dependence that can come with four cups of coffee or more each day, it’s wise to limit your caffeine intake. (Withdrawal symptoms can include cravings, headache, fatigue and muscle pain.)
No Caffeine After 2pm
Because sleep is important to proper physical functioning, and caffeine can stay in your system for 8 hours or longer, you should cut off or limit your caffeine intake to the first part of the day to ensure that your sleep isn’t disrupted.
Enjoy Caffeine With Physical Activity
Caffeine is best ingested before exercise—that way your performance is enhanced and the stress-management benefits of exercise can keep you healthy and feeling less stressed throughout the day.
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Monday, August 27, 2007
The Longest Word
The longest word in any of the major English language dictionaries is pneumonoultramicroscopicsilicovolcanoconiosis, a 45-letter word which refers to a lung disease contracted from the inhalation of very fine silicious particles. Research has discovered that this word was originally intended as a hoax. It has since been used in a close approximation of its originally intended meaning, lending at least some degree of validity to its claim.
The Oxford English Dictionary contains pseudopseudohypoparathyroidism (30 letters).
The longest non-technical word in major dictionaries is floccinaucinihilipilification at 29 letters. Consisting of a series of Latin words meaning "nothing" and defined as "the act of estimating something as worthless", its usage has been recorded as far back as 1741.
The Oxford English Dictionary contains pseudopseudohypoparathyroidism (30 letters).
The longest non-technical word in major dictionaries is floccinaucinihilipilification at 29 letters. Consisting of a series of Latin words meaning "nothing" and defined as "the act of estimating something as worthless", its usage has been recorded as far back as 1741.
How would you like to drink away pounds of stubborn bodyfat and inches from your waistline in as little as 3 minutes a day?
Yes, that's right. Drink away pounds of good-for-nothing bodyfat and inches from your waistline in as little as 3 short minutes a day!
Sound too good to be true? Well, hard as it may be to believe, it absolutely is true! And we'd like to prove it to you at our risk,not yours.
Here's the deal. Scientific research is now showing that by replacing your regular high-calorie beverages each day with a mysterious oolong tea produced at Mt. Wu Yi Shan in China's Fujian Province, you may enjoy remarkable weight-loss results... in as little as 3 minutes a day (the short amount of time it takes to enjoy this delicious weight-loss miracle).
This deep, rich drink is called Okuma's Chinese Wu-Long Tea, and 37 scientific studies published within the last several months alone show the nutrients in this tea may help melt away bodyfat; boost energy; and even clarify skin, giving your face a clear, radiant glow. More about these scientifically documented benefits in a moment. But first, to express to you just how certain we are Wu-Long Tea will help you lose weight fast, we're extending to you a special limited-time offer.
We are so confident Wu-Long Tea will help give you the leaner, healthier, more buoyant body you desire that we're putting our money where our mouth is. We're giving you a zero-risk "test drive" to judge for yourself just how powerful Wu-Long Tea really is.
If after using Chinese Wu-Long Tea you haven't melted away pounds of bodyfat and achieved a more slender waistline, simply return your order within 30 days and we'll give you a full refund of your product purchase price... no hassles, no hard feelings.
Sound too good to be true? Well, hard as it may be to believe, it absolutely is true! And we'd like to prove it to you at our risk,not yours.
Here's the deal. Scientific research is now showing that by replacing your regular high-calorie beverages each day with a mysterious oolong tea produced at Mt. Wu Yi Shan in China's Fujian Province, you may enjoy remarkable weight-loss results... in as little as 3 minutes a day (the short amount of time it takes to enjoy this delicious weight-loss miracle).
This deep, rich drink is called Okuma's Chinese Wu-Long Tea, and 37 scientific studies published within the last several months alone show the nutrients in this tea may help melt away bodyfat; boost energy; and even clarify skin, giving your face a clear, radiant glow. More about these scientifically documented benefits in a moment. But first, to express to you just how certain we are Wu-Long Tea will help you lose weight fast, we're extending to you a special limited-time offer.
We are so confident Wu-Long Tea will help give you the leaner, healthier, more buoyant body you desire that we're putting our money where our mouth is. We're giving you a zero-risk "test drive" to judge for yourself just how powerful Wu-Long Tea really is.
If after using Chinese Wu-Long Tea you haven't melted away pounds of bodyfat and achieved a more slender waistline, simply return your order within 30 days and we'll give you a full refund of your product purchase price... no hassles, no hard feelings.
Why are we so confident you'll melt away pounds of stubborn fat fast? Because already so many of our thousands of happy customers are reporting stunning weight-loss results. This tea is truly remarkable. You've got to see it to believe it. We promise it will be the best weight-loss product you've ever tried, or your money back... better than any diet... better than Alli, ephedra, hoodia, green tea... BETTER THAN ANYTHING AVAILABLE!
Here is a small sample of more scientifically documented
benefits you may experience by drinking this kind of tea daily...
- May Burn 2.5 Times MORE Calories Than Authentic Green Tea: In a new study published in the Journal of Medical Investigation, scientists from Japan's University of Tokushima School of Medicine found that people who regularly consumed this kind of tea enjoyed over TWICE the calorie-burning results of those who drank the same amount of authentic Japanese green tea. Remarkable!
- May Help Reduce the Fattening Effects of Carbs: Eating too many carbohydrates causes weight gain by increasing insulin levels. (Insulin is your body's "fat-storing" hormone.) But a new study from scientists at the Suntory Research Center in Osaka, Japan, shows that the nutrients in this kind of tea may help "blunt" the rise in insulin you normally get after eating carbs. This means that you may be able to have your cake and eat it, too!
- Helps Clarify Skin; Gives Your Face a Clear, Healthy Glow: In a new study published in the academic journal Archives of Dermatology, researchers from Japan's Shiga University of Medical Science found that the nutrients in this kind of tea helped cleared up skin eczema within just one month.
- May Help Fight Signs of Aging: In one 2004 study by Dr. Kenichi Yanagimoto and colleagues from the University of California, Davis, the nutrients in this kind of tea produced a remarkable 50 percent reduction in free radicals (which cause signs of aging) within just 15 days. This is truly remarkable! aPromotes Strong, Healthy Teeth: A new study from the Department of Dentistry at Japan's Osaka University shows the nutrients in this kind of tea may strengthen teeth and help prevent tooth decay by significantly inhibiting plaque deposition.
- Helps Strengthens Your Immune System: According to a 2004 study published in the scientific journal Antioxidants & Redox Signaling, the nutrients in this kind of tea were shown to help bolster the immune system, thereby helping reduce your risk for infections such as the common cold.
- Enhances Mind-Body Wellness: Perhaps the most notable testament to the power of Wu-Long comes from the esteemed Chinese pharmaceutical bookBencao Shiyi (The Compendium of Materia Medica), which says tea drinking "will make one live long and stay in good shape."
- 100% Natural & Nourishing: Unlike artificial "fat burners," Chinese Wu-Long Tea is natural and nourishing to your health. Many users report feelings of increased focus and well-being after drinking this delicious health-promoting tea.
Thursday, August 23, 2007
Excel VBA: Mask Time Entry in Excel.
Unlike Access, Excel does not allow for us to mask time and/or date entries. However, we can use the Worksheet Change Event to achieve masked time entries. For the code to work times should be entered as 4 digits, e.g. 2244, 0130, 1325 will change to 22:44, 01:30 and 13:25 respectively. Note how the time mask is only applicable to the range A1:A100, but can be any range. You can change the display format (.NumberFormat = "[h]:mm") of the code to suit your needs.
To insert the code, right click on the Sheet name tab, select View Code and in here paste the code below;
Private Sub Worksheet_Change(ByVal Target As Range)
Dim vVal
If Target.Cells.Count > 1 Then Exit Sub
If Intersect(Target, Range("A1:A100")) Is Nothing Then Exit Sub
With Target
vVal = Format(.Value, "0000")
If IsNumeric(vVal) And Len(vVal) = 4 Then
Application.EnableEvents = False
.Value = Left(vVal, 2) & ":" & Right(vVal, 2)
.NumberFormat = "[h]:mm"
End If
End With
Application.EnableEvents = True
End Sub
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To insert the code, right click on the Sheet name tab, select View Code and in here paste the code below;
Private Sub Worksheet_Change(ByVal Target As Range)
Dim vVal
If Target.Cells.Count > 1 Then Exit Sub
If Intersect(Target, Range("A1:A100")) Is Nothing Then Exit Sub
With Target
vVal = Format(.Value, "0000")
If IsNumeric(vVal) And Len(vVal) = 4 Then
Application.EnableEvents = False
.Value = Left(vVal, 2) & ":" & Right(vVal, 2)
.NumberFormat = "[h]:mm"
End If
End With
Application.EnableEvents = True
End Sub
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Excel Lookup Table. Using a Lookup Table in Excel
VLookup is perfect for numerical values contained in a range. However if you tried to use VLookup with text in a table, it's use would be limited, For example surnames such as Smith, Smithson, Smithy, Smithson-Jacobs would create problems. If you entered a surname incorrectly, VLookup will step back to the closest possible match.
If you wish to glean information from a table that uses text, you can use VLookups optional fourth argument called match-type. This argument forces VLookup to return #N/A if an exact match cannot be found in the first column of your table. This type of VLookup is perfect to glean information from an address list.
Let's say we wanted to find out the phone number of Smithson-Jacob. We would use =VLOOKUP(B15,A2:E11,4,FALSE). Telling Excel to lookup Smithson-Jacobs in the table range and return the value on the same row in the fourth column. By using the optional fourth argument, FALSE, Excel is forced to return either an exact match (as it has done) or #N/A if it can't find an exact match.
If we wanted to find the Date of Birth from within the Table we could use =VLOOKUP(B15,A2:E11,5,FALSE), which tells Excel to return the value in the fifth column on the same row.
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If you wish to glean information from a table that uses text, you can use VLookups optional fourth argument called match-type. This argument forces VLookup to return #N/A if an exact match cannot be found in the first column of your table. This type of VLookup is perfect to glean information from an address list.
Let's say we wanted to find out the phone number of Smithson-Jacob. We would use =VLOOKUP(B15,A2:E11,4,FALSE). Telling Excel to lookup Smithson-Jacobs in the table range and return the value on the same row in the fourth column. By using the optional fourth argument, FALSE, Excel is forced to return either an exact match (as it has done) or #N/A if it can't find an exact match.
If we wanted to find the Date of Birth from within the Table we could use =VLOOKUP(B15,A2:E11,5,FALSE), which tells Excel to return the value in the fifth column on the same row.
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Convert Dates To Excel Formatted Dates
If you work with Excel, sooner or later you will encounter a problem with dates. Particularly if these dates have been imported from another program. Let's look at some of the date formats that you may encounter and also how to convert these to standard Excel dates.
For example
In cell A2: 112303
Formula Used:-
=VALUE(LEFT(A2,2)&"/"&MID(A2,3,2)&"/"&RIGHT(A2,2))
Results:-
11/23/03
For example
In cell A2: 112303
Formula Used:-
=VALUE(LEFT(A2,2)&"/"&MID(A2,3,2)&"/"&RIGHT(A2,2))
Results:-
11/23/03
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Wednesday, August 22, 2007
Difference between Focusing on Problems and Focusing on Solutions
Case 1
When NASA began the launch of astronauts into space, they found out that the pens wouldn't work at zero gravity (ink won't flow down to the writing surface). To solve this problem, it took them one decade and $12 million.They developed a pen that worked at zero gravity, upside down,underwater, in practically any surface including crystal and in atemperature range from below freezing to over 300 degrees C. and What did the Russians do...?? They used a pencil.
Case 2
One of the most memorable case studies on Japanese management was the case of the empty soapbox, which happened in one of Japan’s biggest cosmetics companies. The company received a complaint that a consumerhad bought a soapbox that was empty. Immediately the authorities isolated the problem to the assembly! line, which transported all thepackaged boxes of soap to the delivery department. For some reason, one soapbox went through the assembly line empty. Management asked its engineers to solve the problem. Post-haste, the engineers worked hard to devise an X-ray machine withhigh-resolution monitors manned by two people to watch all the soapboxes that passed through the line to make sure they were not empty. No doubt,they worked hard and they worked fast but they spent a whoopee amount to do so.But when a rank-and-file employee in a small company was posed with the same problem, he did not get into complications of X-rays, etc., but instead came out with another solution. He bought a strong industrialelectric fan and pointed it at the assembly line. He switched the fan on, and as each soapbox passed the fan, it simply blew the empty boxes out of the line.
Moral: Always look for simple solution. Devise the simplest possible solution that solves the problems. Always focus on solutions & not on problems.
So the end of the day the thing that really matters is HOW ONELOOK INTO THE PROBLEM and Resolve early.
When NASA began the launch of astronauts into space, they found out that the pens wouldn't work at zero gravity (ink won't flow down to the writing surface). To solve this problem, it took them one decade and $12 million.They developed a pen that worked at zero gravity, upside down,underwater, in practically any surface including crystal and in atemperature range from below freezing to over 300 degrees C. and What did the Russians do...?? They used a pencil.
Case 2
One of the most memorable case studies on Japanese management was the case of the empty soapbox, which happened in one of Japan’s biggest cosmetics companies. The company received a complaint that a consumerhad bought a soapbox that was empty. Immediately the authorities isolated the problem to the assembly! line, which transported all thepackaged boxes of soap to the delivery department. For some reason, one soapbox went through the assembly line empty. Management asked its engineers to solve the problem. Post-haste, the engineers worked hard to devise an X-ray machine withhigh-resolution monitors manned by two people to watch all the soapboxes that passed through the line to make sure they were not empty. No doubt,they worked hard and they worked fast but they spent a whoopee amount to do so.But when a rank-and-file employee in a small company was posed with the same problem, he did not get into complications of X-rays, etc., but instead came out with another solution. He bought a strong industrialelectric fan and pointed it at the assembly line. He switched the fan on, and as each soapbox passed the fan, it simply blew the empty boxes out of the line.
Moral: Always look for simple solution. Devise the simplest possible solution that solves the problems. Always focus on solutions & not on problems.
So the end of the day the thing that really matters is HOW ONELOOK INTO THE PROBLEM and Resolve early.
The Dark Side Of Bulk Buying
On the surface, buying goods in bulk seems like a great way to save money. When you buy a large amount of anything, the price of individual units tends to be lower. The more you buy, the less each unit actually costs you. Although this seems a sure way to get a deal, bulk buying often costs people more than they know. (To find out how much you really need to spend, see Save Money The Scottish Way and Stop Keeping Up With The Joneses - They're Broke.)
This may be a wake-up for those who are currently caught up in bulk buying and a cautionary tale for those who are considering it. Read on to learn how bulk buying may be fattening up your spending habits.
Paying More for More Than You Need
Imagine that your favorite shampoo is sold for $12 per 20 ounce bottle. You find out that you can buy a 180 ounce bottle for a mere $45. What a deal; for about four times the price, you receive six times more shampoo. So you buy it and then spend the next year and a half using the same shampoo - that's longer than most celebrity marriages. Or however, you might end up using it up in less than a year because, with all this shampoo sitting in the shower, there is no point skimping, so you use twice as much as usual and are back buying another $45 bottle in six months. Or maybe you get sick of using the same shampoo and switch to a different brand before finishing off the monster bottle. These are all common problems with bulk buying. Although the price per unit price may be low, the overall purchase price is higher than that of just buying what you need for the week or month.
When people are in the store and find a year's supply of crackers for mere pennies a package, they often forget to consider whether they need or want that many crackers. Signs like "super deal" and "unbelievable savings" only help to cloud their thinking. The difference to your shopping budget if you buy a $45 bottle of shampoo versus a $12 one may mean that you need to put the groceries on your credit card. And while you are doing that, why not get a year's worth of toothpaste and peanut butter. Sure, you will have to pay down your credit card, but won't you save in the long run when your family is still scooping out of that same four-pound peanut butter jar 12 months down the road? Probably not.
Using Space
Another thing that bulk-shopping enthusiasts may not consider is the cost of storage. Bulk purchases have to be put somewhere and your fridge alone may not be enough. America produces some of the largest refrigerators in the world, but there is still a healthy market for freezers, dry storage bins and other food storage devices. Bulk buying may force you to purchase more storage and pay the continuing cost of storing food, such as the electricity bill for a larger fridge and a freezer.
Breaking the Budget - Breaking the Scale
Bulk buying has health-related consequences as well as financial ones. Unfortunately, overconsumption is as American as apple pie. Buying bulk only encourages this. If you have a massive jar of mayonnaise staring you down every time you open the fridge, you are going to try and find more ways to use it up - especially as the due date comes up. This means more mayonnaise in your sandwiches, salads, the kids' lunches, the cat's food and so on. Sure, you justified the purchase of the mayonnaise and saved money on the amount you consumed, but would you have eaten so much of it if you has purchased a smaller jar?More pressing than the financial problem is what increased consumption does to you and your family's health. While using extra shampoo doesn't exactly harm the environment in a way that is immediately noticeable, consuming more mayonnaise, peanut butter, cereal, frozen meals and other popular items available at the bulk stores will almost certainly affect your health in a way that you will be able to see in any full-length mirror. It seems odd to talk about obesity in a financial article, but this stems from the primarily financial drive of wanting to get as much as we can and use as much as we get.
The Beauty of Economy
The best way to reduce expenses is not by buying more of a particular product to get the bulk discount, but by buying and using less or substituting a cheaper product. Bulk buying is best described as something you don't need a lot of at a price you can't pass up. Avoiding it will help you financially - and perhaps even physically.
To learn how to work within a budget, see The Beauty Of Budgeting and Get Your Budget In Fighting Shape.
This may be a wake-up for those who are currently caught up in bulk buying and a cautionary tale for those who are considering it. Read on to learn how bulk buying may be fattening up your spending habits.
Paying More for More Than You Need
Imagine that your favorite shampoo is sold for $12 per 20 ounce bottle. You find out that you can buy a 180 ounce bottle for a mere $45. What a deal; for about four times the price, you receive six times more shampoo. So you buy it and then spend the next year and a half using the same shampoo - that's longer than most celebrity marriages. Or however, you might end up using it up in less than a year because, with all this shampoo sitting in the shower, there is no point skimping, so you use twice as much as usual and are back buying another $45 bottle in six months. Or maybe you get sick of using the same shampoo and switch to a different brand before finishing off the monster bottle. These are all common problems with bulk buying. Although the price per unit price may be low, the overall purchase price is higher than that of just buying what you need for the week or month.
When people are in the store and find a year's supply of crackers for mere pennies a package, they often forget to consider whether they need or want that many crackers. Signs like "super deal" and "unbelievable savings" only help to cloud their thinking. The difference to your shopping budget if you buy a $45 bottle of shampoo versus a $12 one may mean that you need to put the groceries on your credit card. And while you are doing that, why not get a year's worth of toothpaste and peanut butter. Sure, you will have to pay down your credit card, but won't you save in the long run when your family is still scooping out of that same four-pound peanut butter jar 12 months down the road? Probably not.
Using Space
Another thing that bulk-shopping enthusiasts may not consider is the cost of storage. Bulk purchases have to be put somewhere and your fridge alone may not be enough. America produces some of the largest refrigerators in the world, but there is still a healthy market for freezers, dry storage bins and other food storage devices. Bulk buying may force you to purchase more storage and pay the continuing cost of storing food, such as the electricity bill for a larger fridge and a freezer.
Breaking the Budget - Breaking the Scale
Bulk buying has health-related consequences as well as financial ones. Unfortunately, overconsumption is as American as apple pie. Buying bulk only encourages this. If you have a massive jar of mayonnaise staring you down every time you open the fridge, you are going to try and find more ways to use it up - especially as the due date comes up. This means more mayonnaise in your sandwiches, salads, the kids' lunches, the cat's food and so on. Sure, you justified the purchase of the mayonnaise and saved money on the amount you consumed, but would you have eaten so much of it if you has purchased a smaller jar?More pressing than the financial problem is what increased consumption does to you and your family's health. While using extra shampoo doesn't exactly harm the environment in a way that is immediately noticeable, consuming more mayonnaise, peanut butter, cereal, frozen meals and other popular items available at the bulk stores will almost certainly affect your health in a way that you will be able to see in any full-length mirror. It seems odd to talk about obesity in a financial article, but this stems from the primarily financial drive of wanting to get as much as we can and use as much as we get.
The Beauty of Economy
The best way to reduce expenses is not by buying more of a particular product to get the bulk discount, but by buying and using less or substituting a cheaper product. Bulk buying is best described as something you don't need a lot of at a price you can't pass up. Avoiding it will help you financially - and perhaps even physically.
To learn how to work within a budget, see The Beauty Of Budgeting and Get Your Budget In Fighting Shape.
Learn Excel in shortest time
Millions of users create and share Excel spreadsheets every day, but few go deeply enough to learn the techniques that will make their work much easier. Yet there are many ways to take advantage of Excel’s sophisticated capabilities without spending hours on advanced study.
Due to the nature of my job in Hedge Fund industry, I have opportunities in exploring many different formulas and functions to expedite my work processes. In many instances, formulas and function provides provide the logic that powers spreadsheets. Managing programming logic is always a challenge, but keeping track of programming logic across multiple cells, sheets, and workbooks can be particularly difficult, especially as spreadsheets grow and are reused.
Using Excel's built-in language, VBA (Visual Basic for Applications), you can bring a lot of automating power to your spreadsheets and become more productive by delegating many time-consuming and task using Excel programming.
The intent of this webpage is to show some useful Excel Function and VBA (Visual Basic for Applications) examples that I have picked up in the process of creating my own applications.
Come and visit to learn...
excelfanatic.com
excelfanatics.com
Due to the nature of my job in Hedge Fund industry, I have opportunities in exploring many different formulas and functions to expedite my work processes. In many instances, formulas and function provides provide the logic that powers spreadsheets. Managing programming logic is always a challenge, but keeping track of programming logic across multiple cells, sheets, and workbooks can be particularly difficult, especially as spreadsheets grow and are reused.
Using Excel's built-in language, VBA (Visual Basic for Applications), you can bring a lot of automating power to your spreadsheets and become more productive by delegating many time-consuming and task using Excel programming.
The intent of this webpage is to show some useful Excel Function and VBA (Visual Basic for Applications) examples that I have picked up in the process of creating my own applications.
Come and visit to learn...
excelfanatic.com
excelfanatics.com
Great Business Opportnities
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