Monday, July 28, 2008

Different Perspectives When Dealing With Failures

Life in the ever changing world has always been so uncertain and unpredictable. There're times when so much obstacles and challenges stand right in front of us for us to brace through and there're times where all good things will just come by easily and effortlessly. However, the real test in life which often determines a persons future usually comes from the ways we deal with failure(s).

Generally, there're 3 ways most people deal with failure(s).

1) People who give up easily/giving excuses/blaming other people/events - In actual fact, such person will usually give up on the very first time they encounter setback. They will start giving all sorts of excuses and blaming other people for their failure.

2) People who keep on trying but after a few times of setbacks, they get frustrated and disillusioned from their ultimate goal and give up or settle with mediocrity results - This type of people are more willing to work hard to achieve their goals. Unfortunately, the lack of reviewing their goal and changing to a better strategy makes them stuck in the same problem and never get out of it. Hence, they get discouraged by those failure(s) and lost their sight on their goals. Eventually, they give up or willing to settle with mediocre results.

3) People who do whatever it takes to achieve their goals by continuously taking actions, review and change appropriate strategy if necessary until they get reach the outcome they want - This type of people are usually successful in their life as they have a strong beliefs and desires to achieve their goals in life. First, they will set their goal(s) to achieve, then develop a set of strategies to use and most importantly, taking positive action to reach their goals. Of course, life is never so easy. There are bound to be some failure(s) along the way. However, these people will never let disappointments and setbacks they encountered to overcome them. Instead, they treat failure(s) as feedback, find out what goes wrong, change to appropriate strategies and continue to take positive action until they finally achieve their goal(s).

So, which types of person are you?
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Reflection:

I hope this article is beneficial for you. Frankly speaking, most of the people around us belongs to the 2nd group of people. They often set high goals from themselves but only discover that they're being defeated by dreadful obstacles that comes along the way again and again. Perhaps, that was the tests we need to go through in order to be successful. Unfortunately, without consistent persistence and perseverance, most people begin to lose focus and faith on themselves and starting to give up on once their burning dreams. This is sad but true reality that human being are facing all this while. However, this is also crucial in truly differentiate between successful individuals with those living in mediocrity.

Just to share with you on one of my personal wealth mentor, Adam Khoo who has help me alot not only in wealth management related topics but most importantly, to learn with him the influence and power of our mindset, beliefs and habits in determining not only whether we're successful financially, but also on how we see our lives and live to the fullest! I've spend thousands of dollar to purchase his books and attend to his seminar and I'll say that it's definitely worthwhile. Adam has been an inspiration and role model for me that has help me to achieve what I've once thought it's impossible. Through his sharing and influence, 1) I was listed as Top 15% of the whole Bachelor program in University of South Australia not forgetting that I was once an average student with mediocre results. 2) Also, my active income has significantly increased by more than doubled in within a year when I discovered from him on ways to increase my market 'price tag'.



That's why I strongly recommend you to read his books and get his value-packed products which I personally felt it has significantly changes my life. Take your time to read through in detail and obtain his 'Master Your Mind, Design Your Destiny Your Destiny Personal Success System'. It helps me a lot in believing in myself again. You too deserved to be successful in life.

Click Here To Your Personal Success!

Saturday, July 26, 2008

Millionaires Strategies ~ 7 Steps to Financial Abundance

So you know that those who succeeded in their lives and making lots of money have different mindset from the rest of the people out there? Don't be surprised if I tell you that everyone can be a millionaires if you know exactly how to do it. Sounds great? Now, I'm going to reveal to you the 7 steps to financial abundance that you should follow and adopt to be financially free.

1st step: Have the right 'Belief' and 'Habits'
Millionaires often have positive mentality and resourceful habits in whatever things they do. To them, everything is possible and they would do whatever it takes to achieve their goals.

2nd step: Setting Goals
Knowing your goals are important if you really want to succeed. Clear goals enable you to have a direction to work towards it.

3rd step: Master Plan
After setting your goals, you should have a master plan that shows detailed step towards making the first million. Your master plan should be precise, consistent, measurable and reviewed periodically to ensure you're always in the right path.

4th step: High Income
Next, you should be thinking on ways to increase either your direct/passive incomes. Remember, millionaires always get their money re-invested to their positive cash flow assets.

5th step: Reduce/Control Expenses

Millionaires are generally very cautious on their expenses and adopt delay gratification.

6th step: Invest
Whatever surplus (income-expenses) that you have should be re-invested to your positive cash flow assets for your money to work for you even harder and achieving compounded profits over time.

7th step: Protect
Last but not least, always know how to protect your wealth. This is the most important step among all as knowing exactly how to protect your wealth not only can make you even more richer, but also ensuring you're always in the millionaires list!

Friday, July 25, 2008

Reading the Economic Signs - How to Stay Calm During Economic Ups and Downs

Many people just don't care about the economic upheavals that are happening around them. If you care about it, you can safeguard your investments to some extent by making some major adjustments in your investment portfolio. The economy is very sensitive today. There are many factors that affect the economy and many of them comes in an unexpected way.

There is so much information you can find about the economy today. The rising inflation, volatile crude oil price, high gold prices, fed rate hike etc. are some of the valuable information that can help you to take wise decisions on your investment. In a way, almost all these information are linked together and a drastic change in one of these factors can affect the rest positively or negatively.

The best way to study about the impact of economic impact is to observe the stock exchanges around the world. If you notice the plunging stock market, find the reason behind that. It may be due to a bad news on several factors that controls the stock market. If you see the crude price soars, you can well predict a rise in inflation in near future. High crude price leads to an increase in price for commodities that has got a direct impact on the inflation. This rise in inflation could in turn affect the interest rate. The rising inflation is definitely a bad sign for the economy. The stock markets start to plunge as a result of this and a prolonged and combined effect of all these factors leads to Recession.

The only way to survive these economic upheavals is to make your self acquaint with these data. If you are aware about these data you can take wise decisions on your investment. If bank rates can give you good returns due to higher interest rate why not change your investment portfolio to reduce the investment in stock market and increase the bank deposit? Take time to learn about the economy and the major elements that affects them. If you are alert on these economic data that comes from various sources, you can safeguard your investment by shifting the investment from one place to another.

Learn the basics of share trading

Gijo George

Find Unique Gifts and crafts from around the world.

Article Source: http://EzineArticles.com/?expert=Gijo_George

Monday, July 21, 2008

Five Key Concepts in Portfolio Building For Optimal Results

Most of my baby boomer clients come to me believing that getting the highest returns on their portfolio will give them the most money at retirement. I wish that were true but in reality most people don't get the more money by following the hot markets each year. You don't have to come up short in your investment performance and you can sleep better every night by following these 5 key concepts:

1. Stay diversified over various asset classes no matter what the economy is doing; that way you will have winners with your losers and your average investment return has the potential to be in the positive even in down markets. Low consistent returns will always win out over boom and bust returns in the long haul.

2. Keep your expenses low. Stay away from load funds and individual stocks. Buy no-load mutual funds and ETFs (Exchange traded Funds) with low trading fees. This is the best way you get to keep more of what you earn invested for you- not your broker.

3. Keep your sights on the long term. Don't invest unless you plan to stay in the market for five to ten years. Invest to get the return that you need for the goal that you have set. Switching every day or quarter is for day traders and poker players. Keep the odds in your favor- stay in.

4. Watch your risk level. The more cash and bonds you have, the less risk you have in your portfolio. If your risk level allows you to sleep at night but won't help you meet your required return for your goal- then change the goal.

5. Goals are the glue that keeps this train running year after year. Write them down. Share them with your spouse, kids, significant others, and relatives. Dream big. If you build a portfolio based on your goals then it will be that much harder to break your investment piggy bank for something foolish. Always keep your goals in mind when investing.

No matter how much money you have lost in the past, you can start building an investment portfolio now with these key concepts. Stop worrying about the economy and start enjoying a portfolio based on the goals you set, the return you need (minus expenses) to reach your goal, and the risk that you are comfortable with.

Interested in more wealth building tips by Fern Alix LaRocca, a fee-only Certified Financial Planner with over 24 years in the industry? Get this and 4 free portfolio building reports at http://www.wholeheartedway.com

Article Source: http://EzineArticles.com/?expert=Fern_Alix_Larocca

Sunday, July 20, 2008

Attending Adam Khoo's Wealth Academy Program

Hi friends,

I has been very hectic for me the past 3 days as I'm attending the Wealth Academy by Adam Khoo. It has indeed very enriching and exciting seminar and I've learnt a lot of financial and investment knowledge which are really precious to me. Tomorrow will be the last day of the seminar which will as usual last until late night. Also I've updated my blog with some latest US economy news and crude oil news. Meantime, just to share that I've just made my first online sales through affiliate programs. It's really excited and exhilarating! Please visit my blog and appreciate your kind comment. Thanks

P/s: For Irwan, Joel and Sumin, thanks for linking with my blog. I will link to your blog as well on next Monday.

My Wealth Academy Certificate



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Tuesday, July 15, 2008

The Most Secretive Billionaires

I've read through an interesting article in Digg today and thought that it will be good to share it with you. Guess, who's the most secretive billionaires that wasn't on the limelight all this while? Click on the subject header to discover more.

Saturday, July 12, 2008

New Layout and Revised Content On My Blog

Hi friend,

Glad to let you know that I've made some changes on my blog. I designed the blog in which it looks more stylish, easier reading & navigation, more videos and most importantly, it comes with compact and detailed informations on wealth creation related topics all in one blog! You're welcome to browse through my blog and let me have your comments, if any to further improve the layout and contents.

Enjoy reading!

The Apprentice 3 ~ Creating Brochures for Pontiac Solstice