YOU KNOW YOU'RE IN SCARCITY WHEN...
Your friend at work gets a promotion and you find yourself feeling jealous, rather than happy for him.
You see a person driving an expensive car and find yourself feeling resentful or judging her.
You make purchases on credit and live beyond your means, you're dissatisfied with what you have.
You postpone important purchases that would add dramatic value to your life, even when you have the money to make them, because you can't stand to part with your cash.
When your spouse or child asks you to buy something, more often than not your immediate response is that you can't afford it.
You find yourself frequently wishing for a better life, yet you think that it would be futile to strive for something better; there's never enough time and money to do the things you want to do.
You have ideas about how to make your life better, like switching careers or starting your own business, but are afraid to put them into action.
You keep your money in "safe" investments like Time Deposits and money market accounts because you fear losing it.
You pick the riskiest investments, cross your fingers, and hope for high returns, thinking that gambling and luck is your best path to wealth.
YOU KNOW YOU'RE IN ABUNDANCE WHEN...
Your primary focus in life is to lift, serve, and bless the lives of others.
You feel happy when others succeed-even those who may viewed as your competition-and you never feel threatened by others.
You feel satisfied, complete, joyful and calm.
The purchases you make align with your core values.
Your investments are wise; you're not naive, nor are you overly skeptical.
You perform wise, patient research and make an educated decision.
Rather than saying "I can't afford it," you ask, "How can I afford it?"
You consistently overcome fear, through faith and courage, to pursue your dreams and a career that aligns with your passion and purpose.
You're able to work with others to achieve things that you couldn't do alone.
You take responsibility for your life and your work and use your internal strength to overcome all challenges and transcend external circumstances.
Saturday, March 28, 2009
Thursday, March 19, 2009
What have you done today in your journey towards financial freedom?
What have you done today in your journey towards financial freedom?
Financial freedom is the dreamland of personal finance. It is the freedom to stop working when you want and maintain a lifestyle you desire.
To achieve it, the secret is to have a source, preferably have many sources of passive income. Passive income is earned without your direct involvement. It may come from rental property, stock dividends, royalties on an invention or creative work.
If you want to earn more, work less, and enjoy a decent retirement, you must create income streams that do not require your direct involvement.
To achieve financial freedom, your passive income should be greater than or equal to your expenses.
My journey towards financial freedom started years ago when I noticed that I am not getting ahead in life due to the financial mistakes I was making caused by my antiquated values and mindset which I absorbed through society's conditioning. This is when I said to myself if I want to become wealthy while I'm still young, I need to learn how things really work in the the world of business, finance and money. I started to read books on the subject and enrolled myself in an MBA course. This is a lifelong learning process so I'm continuously educating myself on these matters given the dynamic environment we live in.
I am now putting the things I have learned to practice by starting to buy rental properties. I will also start to actively invest in stocks that will give me regular dividend income hopefully in the next few months.
What have you done today in your journey towards financial freedom?
Financial freedom is the dreamland of personal finance. It is the freedom to stop working when you want and maintain a lifestyle you desire.
To achieve it, the secret is to have a source, preferably have many sources of passive income. Passive income is earned without your direct involvement. It may come from rental property, stock dividends, royalties on an invention or creative work.
If you want to earn more, work less, and enjoy a decent retirement, you must create income streams that do not require your direct involvement.
To achieve financial freedom, your passive income should be greater than or equal to your expenses.
My journey towards financial freedom started years ago when I noticed that I am not getting ahead in life due to the financial mistakes I was making caused by my antiquated values and mindset which I absorbed through society's conditioning. This is when I said to myself if I want to become wealthy while I'm still young, I need to learn how things really work in the the world of business, finance and money. I started to read books on the subject and enrolled myself in an MBA course. This is a lifelong learning process so I'm continuously educating myself on these matters given the dynamic environment we live in.
I am now putting the things I have learned to practice by starting to buy rental properties. I will also start to actively invest in stocks that will give me regular dividend income hopefully in the next few months.
What have you done today in your journey towards financial freedom?
Saturday, March 14, 2009
Four Types of Person
There are Four Types of Person regarding Time and Money Freedom:
1) People with no time and money. They have no time because they must devote themselves to work. And they have no money because they have to pay their bills and expenses everytime they receive their salary, leaving them broke every end of the month.
2) People with time but no money. Because they don't have work, they have lots of free time. And because they don't have work, they don't have money.
3) People with no time but with money. These people are strict savers, they don't have time like the # 1 person because of work. But they have money because they save too much.
4) People with time and money. They are called, the wealthy. They have time for their loved ones, and they can do whatever they wish. Because they have passive income, they don't need to work. And its the same reason why they have money, because what they have is multiple streams of passive income..
You can be one of these persons. But you have a choice to change if you don't like your standing. In fact, a lot of people think they are destined to be where they are now. And they never realize that they had choosen to be what they are.
For me, I had choosen to be a number 4 person. And I know I can do it,
1) People with no time and money. They have no time because they must devote themselves to work. And they have no money because they have to pay their bills and expenses everytime they receive their salary, leaving them broke every end of the month.
2) People with time but no money. Because they don't have work, they have lots of free time. And because they don't have work, they don't have money.
3) People with no time but with money. These people are strict savers, they don't have time like the # 1 person because of work. But they have money because they save too much.
4) People with time and money. They are called, the wealthy. They have time for their loved ones, and they can do whatever they wish. Because they have passive income, they don't need to work. And its the same reason why they have money, because what they have is multiple streams of passive income..
You can be one of these persons. But you have a choice to change if you don't like your standing. In fact, a lot of people think they are destined to be where they are now. And they never realize that they had choosen to be what they are.
For me, I had choosen to be a number 4 person. And I know I can do it,
Tuesday, March 3, 2009
The Leader in You
Gratitude, devotion, hard work, and bold action. These words trip easily off the tongue. But they forge the soul of a samurai and lie at the heart of leadership. Practice them, and you will transform your life, as I did.”
“…Cynics may view gratitude, hard work, bold action, and devotion as simplistic notions undeserving of their attention. But observe the world around you. Note that ungrateful people are unhappy people. Note that hard work is the single most important determinant of success in life. Note how luck favors the bold. Note how devotion—to parents, to children, to superiors, to subordinates—benefits the devoted a hundredfold.
“Some may think these simple concepts apply only to followers, not leaders. But those who aspire to lead must first learn to serve. And those who would master others must first master themselves. The principles of leadership therefore apply equally to superiors and subordinates alike
Secret of Gratitude: Leaders must be grateful
Being a leader gives as an opportunity to serve others by showing them how make things happen, making a stand for them and fighting with them to meet their dreams and goals in life. We are grateful to our followers since leading them is an honor and privilege. We learn a lot about anything and grow ourselves faster by being a leader. We learn more about our strengths and weaknesses as our followers became a reflection of ourselves.
Secret of Striving: Leaders must work harder than others
Since we work harder than others we get more, we learn more, we get the best of everything the situation and the circumstance has to offer. All the money and wealth flows to the leader. A leader that works harder get to his/her dreams and goals in life faster.
Secret of Decisiveness: Act boldly at critical moments
Not only the rewards and benefits that goes to the leader but also the responsibilities and obligations. The duty to protect the community, tribe and group comes with the package called leadership. We act boldly in critical moments, we never wait for somebody to take charge. We take all the credits and blames and face all the circumstances of our actions and decisions. No matter what happen, it can be right or wrong what is important that we act and show our people that we are somebody they can rely on.
Secret of Devotion: Dedicate yourself to your leader
A leader must firsts become a follower. A follower gives full devotion to their leader. It really felts overwhelming when a follower expresses his/her devotion to your leadership. For example in our community an apprentice would come to you and say: "I will devote myself in learning everything that is needed to know to be a successful entrepreneur so that I can be of use to the community and humanity, and contribute to our vision and mission" With such powerful declaration of devotion moves and inspires the leaders.
I clearly remember when i went to my mentor and said: I will work hard and smart in order to make your business organization big and strong. As i keep that declaration and put it in action I realized that I became a leader in the process. Leading people inside my mentors organization therefore making my organizations big and strong as well.
“…Cynics may view gratitude, hard work, bold action, and devotion as simplistic notions undeserving of their attention. But observe the world around you. Note that ungrateful people are unhappy people. Note that hard work is the single most important determinant of success in life. Note how luck favors the bold. Note how devotion—to parents, to children, to superiors, to subordinates—benefits the devoted a hundredfold.
“Some may think these simple concepts apply only to followers, not leaders. But those who aspire to lead must first learn to serve. And those who would master others must first master themselves. The principles of leadership therefore apply equally to superiors and subordinates alike
Secret of Gratitude: Leaders must be grateful
Being a leader gives as an opportunity to serve others by showing them how make things happen, making a stand for them and fighting with them to meet their dreams and goals in life. We are grateful to our followers since leading them is an honor and privilege. We learn a lot about anything and grow ourselves faster by being a leader. We learn more about our strengths and weaknesses as our followers became a reflection of ourselves.
Secret of Striving: Leaders must work harder than others
Since we work harder than others we get more, we learn more, we get the best of everything the situation and the circumstance has to offer. All the money and wealth flows to the leader. A leader that works harder get to his/her dreams and goals in life faster.
Secret of Decisiveness: Act boldly at critical moments
Not only the rewards and benefits that goes to the leader but also the responsibilities and obligations. The duty to protect the community, tribe and group comes with the package called leadership. We act boldly in critical moments, we never wait for somebody to take charge. We take all the credits and blames and face all the circumstances of our actions and decisions. No matter what happen, it can be right or wrong what is important that we act and show our people that we are somebody they can rely on.
Secret of Devotion: Dedicate yourself to your leader
A leader must firsts become a follower. A follower gives full devotion to their leader. It really felts overwhelming when a follower expresses his/her devotion to your leadership. For example in our community an apprentice would come to you and say: "I will devote myself in learning everything that is needed to know to be a successful entrepreneur so that I can be of use to the community and humanity, and contribute to our vision and mission" With such powerful declaration of devotion moves and inspires the leaders.
I clearly remember when i went to my mentor and said: I will work hard and smart in order to make your business organization big and strong. As i keep that declaration and put it in action I realized that I became a leader in the process. Leading people inside my mentors organization therefore making my organizations big and strong as well.
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