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Gems of Wisdom

June 9, 2017 by  
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Last week I shared bits of wisdom with you from the great Paul J. Meyer. Many of these were principles that ensure long term success in handling your money.  Let me share some more gems with you. And remember these gems come from a man who started with nothing but accumulated a half a billion dollar net worth by successfully helping and motivating other people.

These quotes are from a great 30 page booklet that Paul gave me years ago, entitled “Being Smart with Your Money” with my thoughts in parentheses.

  1. Set goals.
  2. Live within your means.
  3. Get on a budget and stay there.
  4. Pay yourself first. Just remember that a part of everything you earn is for you to keep.
  5. Put your money to work. (Invest it wisely–so it works for you 24 hours a day.)
  6. Get out of debt. (As in credit card debt. I would add that mortgage debt on income property is okay and can be a good thing.)
  7. Have realistic expectations. (Building a financial fortune takes time)
  8. Get wise counsel. (Find a good mentor that’s been successful with their money)
  9. Never spend what you have saved.

Alright, now let me give you a few thoughts of mine that have helped me in my financial life and life in general.

  1. Pay careful attention to your self-talk or your chatterbox inside your brain. When you catch yourself with negative chatter going on inside your head, push it out and replace it with positive self-talk.
  2. Don’t beat up on yourself when you stumble, fall or make mistakes, or fall short of your goals.
  3. Set big goals then be sure to write them down with a deadline. Just remember it’s okay, even very good, to take baby steps toward those big goals.
  4. Physically keep moving no matter what age you are. Walk, run, or otherwise workout. Using a Fit Bit can help you with this one.

Here’s some other wonderful little tidbits from Eckhart Tolle’s book The Power of Now that can help a life to be better:

  1. Make the living in the now the primary focus of your life.
  2. Stop judging self and partner.
  3. The greatest catalyst for change in a relationship is complete acceptance of your partner as he or she is.
  4. See if you can catch yourself complaining in speech or thought– if so, you are playing the victim.
  5. Let go of the past-only refer to it when it has relevance to the present.

 

 

Active Reading

February 14, 2014 by  
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Great books can do great things for you in your life. They certainly have for me and I use a simple method to make sure I don’t forget what I’ve learned from the best books I’ve read. It’s really simple and I highly recommend you give it a try.

First, as I read, I underline the best points made by the author, the ones that jump out at me and instruct, inspire and motivate. Next I make a note in the front or back of the book, with the page number and a short summary of what struck me as a real gem. After I have finished the book I take an 8” X 11” piece of card stock paper and transfer all the page numbers and quotes onto that paper. Then, anytime I need a mental, emotional or motivational push I quickly and easily review my notes of a particular book. It’s easy and simple.

As I have said in the past, and as it was preached to me by my mentor Paul J. Meyer, “It’s better to re-read or re-view over and over, 20 or 30 or 100 great books than to read 1,000 average books”. I have never forgotten that and it have served my life and dreams very well.

In looking through my stack of 8 X 11 cards I see my notes on books like “Satisfaction”, “Outliers”, “Flow”, “Feel the Fear and Do It Anyway”, “Tipping Point”, “Fat Chance”, The Power of Now”, “The Willpower Instinct”, The Four Doors”, and of course a couple of my books “The Next Step to Waking up the Financial Genius Inside You”, “How to Ignite Your Passion for Living. That is to name just a few. Next week I will give you a few of what I think are the best short summary statements from a few of those books to show you exactly what I mean, what jumps out at me and what helps me like I am pretty sure it can help you.

Vigilance as the Key to Battling Depression

March 18, 2011 by  
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In my book “How to Ignite Your Passion for Living”, I touch upon some of the depressive episodes I have been through and some of the ways I have dealt with them. I have a whole list of simple but effective things you can do to combat depression. And although I still believe the items on that list to be important actions, I think Eckhart Tolle, in his book “The Power of Now”, has hit upon the true source and most effective ideas to combat depression as well as other mood disorders.

The first few ideas on his list are some of the most important, at least in my experience. They deal with becoming a watcher of one’s thoughts and redirecting the mind when we start to buy into the idea of “being a depressed person”:

• Vigilance is one of the first concepts he speaks to. Learning to recognize how your mind labels thoughts and sits in judgment so you know what ideas lie at the source of your pain.
• Secondly, Tolle believes that you need to accept whatever the present moment contains as if you had chosen it.
• Thirdly, you need to realize and understand that the pain or depression wants you to unconsciously identify with it, allowing it to survive in your mind. If you are not a careful watcher of your thoughts then you may come to believe that you are a depressed person and then this becomes your identity.

Letting your mind create this depression identity will make it very difficult to get past the dark feelings and the pain because you will then believe this is who you are. But if you start with these first few ideas of Tolle’s, recognizing how your mind is working and seeing the present moment as something under your control, you can avoid the mindset that makes you think of yourself as a “depressed person”.

These ideas are true for any issues of mood. I choose to talk about them in terms of depression because that has been a recent and difficult battle of mine. However, if you are dealing with anger, guilt, low self-esteem, fear, etc. watching your thoughts and taking control can help you with all types of painful moods and attitudes.