A Millionaire Secret

About 200,000 new millionaires were added last year according to Spectrem Group of Chicago who released its latest annual report of American millionaires early in 2012.   One can be a cynic and come up with unfair reasons why this happened.  Why be bitter, jealous or indifferent? Let’s celebrate the success of others unselfishly. Paul B. Farrell wrote a revealing blog titled Secrets to Being a Millionaire and Enjoying It.    It really comes down to ATTITUDE. It is all in your head.

It is deciding you have what it takes to take your life in whatever direction you need to take it to create value for others.  Paul identified 10 ways to think the right way:

1. Getting rich isn’t about the money
(It’s about creating value for others…improve peoples’ lives)
2. Think different
(Go  Your Own Way….take out that machete and carve that path…make life fun)
3. Accentuate the positive
( A positive attitude will offset “almost” any disadvantage thrown your way)
4. Quit doing what you hate
(Don’t let your life whittle away doing what you don’t enjoy.)
5. Do what you love
(Many times it starts as a hobby, then some pocket change and then….it happens a lot)
6. Find the real you
 (You will know it when you feel it…experience new things, meet new people)
7. Invest in “You Inc.”
 (Take the attitude that you right now own your own company..take pride in what you do)
8. Live with Passion
(Go through each day with enthusiasm, live with zest, you are a lucky person!!)
9.  Live in the moment
 (Live every day to its fullest, ..who knows what tomorrow brings…but today is a sure thing)
10. Make a difference
(Most millionaires love helping people and making a difference in other peoples’  lives)

 ACTION OF THE DAY
List 3 ways you can be of value to others.  One way at work, one way at home and one way for a stranger. Take action today. How did it feel? Natural or strange. Keep practicing this approach until it feels comfortable and natural. You will find so much joy in bringing value and happiness to others, that the inevitable future compensation you get from your services will happen automatically.

QUOTE OF THE DAY
“You are the masterpiece of your own life; you are the Michelangelo of your experience. The David that you are sculpting is you. And you do it with your thoughts.”
Dr. Joe Vitale   Motivational author and speaker

Picture Credit: © MinervaStudio | Dreamstime.com

Share

Am I an Entrepreneur? It doesn’t Matter

Entrepreneurs are critical to the success of our economy by bearing the financial risks to drive innovation and value to their customers.  We salute them.


Are there shades of grey in being an Entrepreneur or is it black and white?  Can you be employed by others but still bring significant value to your company?   If your employer fails, you typically simply move on taking on the risk of lost income, not loss net worth.  However, what if you started to think like an entrepreneur where you are currently employed. Deborah Bailey wrote an interesting article to reflect this concept titled Become a Star Employee by Thinking Like an Entrepreneur.  There are several key take aways:

Your Attitude
Entrepreneurs start out with a vision of what they want to create, whether it is a product or a service. As an employee, your vision is just as important. The good news is that you have 100% control of this

Be Creative
Another trait of entrepreneurs is the ability to find creative ways to get things done. You also  have 100% control of this. Entrepreneurs must think creatively even in their sleep.  If you only do so during your waking hours, you are ahead of a majority of others.  If your employer goes out of its way to keep your creativity at bay, pick your battles.  If possible, find a new manager more responsive to new ideas. Believe it or not, they are there waiting for you!!!

Keep an Open Mind
A most important trait of entrepreneurs is the ability to learn new information and to continue to adapt.  Guess what, you have 100% control of this as well.  Many people find themselves doing the same type of responsibilities for years and get comfortable. Are you in this situation? If so, find a new set where you are more on the edge. It will reawaken your thought processes and clear your mind for new approaches and opportunities.

Thinking like an entrepreneur will ensure you will increase your value to your employer. With this brings increased opportunities, greater income potential and a life filled more with excitement.

ACTION FOR THE DAY
Imagine receiving an unexpected letter in the mail. You open it up and it declares that you are the new owner of the company you currently work for.  You have been given authority to make changes in the way your company earns revenue or manages its costs. Take a look at your roles and responsibilities in your current position.   Identify 3 ideas to accomplish your responsibilities in a faster and/or more efficient way.  How would you run your newly found company with a positive attitude, creative approach and keeping an open mind?  Who would you want to talk to in your company to implement these ideas?

Quote of the Day
Whatever you can do or dream you can, begin it.  Boldness has genius, power and magic in it. Begin it now!! – Goethe


Picture Credit : © Shane Trotter | Dreamstime.com

Share

To Do Lists….Don’t Forget Your Calendar!!

I have been committed to “To Do Lists” as a productivity tool ever since my busy days in high school.   It was right up there in importance over time with saving my pennies and being nice to a girl before asking her out on a date…  I must admit that this supplemental step has shown much merit.

Technology author Dave Johnson reported on a Harvard Business Review finding on an alternative to traditional “To Do Lists”…it is leveraging more aggressively your calendar tool i.e. Outlook. It is simple but very dramatic if implemented. Here is how it works.

 My top 3  prioritized activities due today:

* Complete work Project Plan
* Call Mom
* Build Financial Plan

Like most of you, I am extremely busy.  I would review this list regularly and update several times daily.  The risk here is that I need to ensure I convert the priorities to results. The how is discovered on a daily basis.  But the missing link here is actually scheduling specific times to complete everything you have prioritized.

Alternative Approach: Schedule the Priorities in Your Calendar (NOW)

* Complete Work Plan
(Slotted between 9:00-10:00 AM…reschedule a less critical meeting to later in the week)
* Call Mom
(Scheduled during lunch..moved lunch 1:1 out by 15 minutes…she’s retired with more flexibility than I have!!)
* Start Developing Personal Financial Plan
(Scheduled for 8:00-9:00 PM…Many people only schedule activities for work..add your personal requirements too!)

Don’t just list your priorities, calendar them in… To the best of your ability, do not schedule over these time slots. If you must,  review your calendar and adjust as needed to slot new times into it.  I have followed this approach and it has improved my productivity in quite a significant way.  If it is not on your calendar, your risk of closure increases dramatically.  You might have already experienced this pitfall of strict reliance on  “To Do” lists.

Action of the Day: Review your top 2 priorities over the next 24 hours. Go to your calendar(whether through a planner, outlook or other scheduling tool) and reserve  specific time slots to work on them. To the best of your ability, do not allow anything to conflict with those time slots or ensure you find alternative times that day when conflicts arise.  If you do not maintain a calendar to organize your time, now is the time to start (you can find free templates on the internet including one from Microsoft).

Quote of the Day:  “Time is really the only capital that any human being has, and the only thing he can’t afford to lose”…Thomas Edison

Picture from © Chrisdorney | Dreamstime.com

Share

Top 3 Reasons You Want to be from a Dysfunctional Family

Did you grow up in an emotionally unstable family situation? Maybe you didn’t even have a family.  You could be that one in five person who seems to attract strange and potentially abusive people into your lives.  For some, going to sleep equates to a temporary escape into a more peaceful world.

I wanted to share a fascinating blog by Steve Blank, titled, “Dysfunctional Family, you would make a great entrepreneur”  The skills you possess from these kind of experiences could give you an upper hand in today’s chaotic economy and even more effectively prepare you for the successful life of an entrepreneur.

Let’s get to the Top 3 Reasons you would want to grow up in a dysfunctional Family

YOU ARE WIRED FOR CHAOS
If that is not a competitive advantage in today’s wild global economy, I don’t know what is. People spend well over $200,000 for their college education and still cannot survive in a chaotic environment.

YOU KNOW HOW TO DEAL WITH DIFFICULT PEOPLE
Lucky you. And you thought you were cursed to need to be around people who seem to have personality disorders. Guess what, those raised in a sheltered life of stable emotionally mature people have some huge surprises in store for them.

YOU DON’T GIVE UP
Has everything you accomplished in your life so far resulted from someone giving it to you on a silver platter?   While there might have been some days you felt like throwing in the towel, you never gave up. You are still standing and ready for the next challenge.

If you took a survey of all those you believe are successful due to their own efforts and creativity, I am confident you will find they all possess the above qualities. I bet many of you have them too and not aware of it.

EMBRACE YOUR DYSFUNCTIONAL PAST….You are more setup for future success than you thought!!!

Action for the Day: Think of a very challenging emotional experience in your past.  No one would naturally choose to have had hard and emotionally difficult life experience. But the reality is that we all have experience something unpleasant because life is unpredictable.  How can you frame that experience in a way that it actually helped you to be a stronger person and deal with life’s uncertainties in a more effective way?

Quote of the Day:   People begin to become successful the minute they decide to be.” — Harvey Mackay: Best-selling business author, columnist & speaker