Submitted by Lorwai TAN PhD on Sun, 11/21/2010 – 18:21

Your Money and Your Mindset 11-15-2010 – This week’s episode:How to Stay Motivated on Your Wealth Creation Journey?

Wealth Creation Journey: 10 Tips to Staying Motivated and Focused

Motivation is like a shower, you need one everyday-Zig Zaglar

Firstly it would be unrealistic to feel pumped all the time, so don’t be hard on yourself if you have the odd day when you feel really flat. Here are 10 suggestions to get you to re focus. Go get‘em!

  1. Remind yourself again what it is that you are striving to achieve
  • Is it a physical fitness goal of wanting to run a personal best in the Boston marathon or being financially independent in 5 years
    • Either way, are your goals written down for you to review and read as often as it is necessary
  1. Portion control
  • You can eat an entire elephant by yourself if it is only one bite at a time. So chunk it down to manageable portions that are achievable in days and weeks rather than months and years!
  1. Do a stock take of where you were 3, 6 and 12 months ago relative to where you are now
  • Celebrate your wins, no matter how small. It’s a win, don’t get too precious about it
    • Keep a journal and record your progress. You will be surprised at how far you have come
  1. Practice mental rehearsal of having reached your goal
  • Make it as real as possible by imagining what you are wearing, who is with you, whereabouts is this taking place, does it have a particular smell. Above all, tap into the feeling of having aced the goal and remind yourself of that winning feeling by clicking your finger 3 times in succession.
    • Do this daily even when you don’t feel like it, especially when you don’t feel like it

Watch the 15 minute show preview:

  1. What are you eating, when do you exercise
  • Remember the old computer programming term GIGO (garbage in garbage out). If you are fueling your body with junk food, you will not have the energy and stamina to get to your goals. This is a non negotiable fact of getting where you want to go and what you want from life
    • Yes, your body is a temple. Worship it with fresh food, vegetables, and lots of water. Ditch the refined carbs and trans fats, they clog your arteries and reduces blood and oxygen flow to your brain. Lord knows you need all your neurons to fire if you want to be able to think clearly.
    • Physical fitness is not an option. Again it is one of those things you just do to stay alert and healthy to be able to enjoy your successes when they come. Being in an iron lung and a millionaire is kind of bittersweet
  1. Oh brother where art thou; who do you hanging out with
  • Are these people supportive or do they make it a sport of taking potshots at your dreams and goals; if they are in the latter category, say bye-bye and leave them to wallow in their own pity party
    • Create a mastermind support group. These are people on the same wavelength who will not ridicule your goals, dreams and aspirations but instead cheer you on. You can learn from them and vice versa
    • If this type of support is thin on the ground, consider hiring a business/life/fitness coach to keep you accountable. Yes, it costs money so think of it as an investment in yourself. “You’re worth it” as the Revlon ad goes.
  1. What are you reading, watching on television
  • I am a big fan of reading motivational books by Jim Rohn, T Harv Eker, Bob Proctor and the cool thing is that there are lots of free mp3 downloads you can listen to in your car or as I like to call it “your university on wheels”.
    • Stop watching the news. If it is really important, somebody will tell you. Notice how television only reports bad news; that is because bad news sells.
  1. When do you stay still-meditate daily
  • This is about staying healthy on the inside
    • Often the solutions to business problems or obstacles at work are found when we shut up and stay still long enough for our sub conscious to present us with an answer.
    • Don’t be skeptical if you haven’t tried it for at least a month
  1. When did you last do a budget and track your expenditure and earnings
  • It is vital not to shy away from tracking your finances. How then will you know that you have made progress in putting aside money for investments and passive income building? Answer me that?
  1. Get in sync with your internal clock
  • If you are a night owl and your best ideas come to mind after 10pm, ask yourself why are you flogging your body to be up at 5am to be inspired and creative on your projects. It does not make sense, so stop it!

Watch the entire 60 minute program:

Your Money and Your Mindset 02-07-2011 – Robert Jordan is an entrepreneur and author who has made it his mission to discover the “secret sauce” – Six Success Tips for Aspiring Billionaires used by self made billionaires to launch themselves from growing an idea into $100 million dollar companies or if it suits, taking their pride and joy public to the tune of $300 million or more.

Robert’s entrée into their world is paved by his own success when he launched and grew his startup company, Online Access, the first Internet-coverage magazine that made it on the Inc. 500 list of fastest  growing companies.

As is the quintessential characteristic of all serial entrepreneurs, he then sold his highly profitable Online Accessand proceeded to start up a couple more companies, RedFlash, a project implementation team, and interimCEOinterimCFO, a worldwide network of interim, contract, and project executives.

Watch the 15 minute show preview:

Robert’s gift for getting consensus saw 21 of the eventual 45 founders agreeing to meet and freely share their insights, occasional pain and billion dollar experiences.

Their collective wisdom has been distilled into his latest book, How they did it: Billion Dollar Insights from the Heart of America.

He freely admits this book was a labor of love, driven by an insatiable curiosity to know the minds and passions of this select group of diverse individuals.

All aspiring entrepreneurs who believe they are billionaires in the making will do well to heed the advice of the 45 who have gone before them. Here are Six Success Tips for Aspiring Billionaires to steer you to success:

  1. Do not be afraid to fail; if and when you do, make sure you fail fast
  2. Do not be precious about your idea, be willing to tweak it
  3. Leave your ego at the door; be astute enough to hire people smarter than you
  4. However, make sure they are nice not just smart
  5. Honestly is still the best policy, so be on the level when communicating with the people who work for you because no one becomes a billionaire on their own
  6. Believe in the goodness of your angel investors but have Plans B, C and D just in case they decide to bail

Recapping Part 1: Financial freedom is determined by your mindset. In other words your emotional money profile determines your current level of wealth.

Financial Freedom, Mindset and You-Part 2: So, if you think you should be doing a whole lot better than you are presently, chances are that you have had sub consciously programmed into your mind (without your permission), the money beliefs you picked up from your parents or other authority figures when you were a child.

Image via Wikipedia

These programs do not support your conscious waking goals for financial freedom and/or wildly successful business ventures. I referred to this as the X Factor.

If I was to ask the question “Do you want to be rich” the immediate response of 99.9 percent of the population would be a resounding “Heck, yeah!” But for a majority, there is the internal conflict that arises with being in the position of having a lot of the green folding stuff handed to them.

It is well known that most people who win hundreds of thousands or millions of dollars through lotteries end up losing the lot and have in their wake a string of broken relationships. WHY? Because these people do not have the mindset of a wealthy person, instead they are poor people with a lot of money.

But before you become indignant and start hitting the reply button let me elaborate.

We all have a “money thermostat” programmed into our subconscious; we are comfortable with having a pre-determined amount of money in our bank account. This is in direct proportion to our sense of self worth or self esteem.

And here’s a predictor tip: Introduce me to your 4 or 5 best friends with whom you socialize and generally hang out and I can tell you what you are earning at the moment.

For example, there are people who feel that earning $100,000 a year is the all time high of a level whilst others are comfortable with being $35,000 per annum type of guys and gals.

Being creatures of habit, we gravitate towards what makes us comfortable and some people will do just about anything to return to their comfort zone. They will subconsciously rid themselves of the excess money by making poor investment choices or recklessly spend the cash on expensive trinkets such as fast cars, and boats that depreciate in value over time. They also tend to attract people into their lives who will help them use up the cash quickly!

So, how do you shift this “money thermostat” into the region of $100,000’s instead of $10,000s? I could have said $1,000,000’s but that would seem like leaping into the realms of the impossible, so baby steps first.

Number 1- work on your self esteem (this is a given, folks).

Number 2- get comfortable with earning and receiving more than you are currently getting. For the sake of the illustration, grab a piece of paper and write down the figure you are currently earning. Note the feelings that surface; now multiply that number by 2 and note again how you feel when you write that new number down. Now multiply this new figure by 2 again and repeat this until you cannot feel comfortable with this new number.

Here comes the good bit.

We will explore your reactions and more importantly breaking through the emotional and mental barriers to financial freedom in Part 3

Bouncing Back Now-Guest Elliott Katz 11-10-2010 – This week’s episode: Interview with Elliott Katz, Author and Speech Writer Revealed the Three Keys to Being a Strong Man.

Mr. Elliott Katz intrigued viewers with the concept of being a strong man. His new book entitled: Being the Strong Man a Woman Wants has been translated into 20 languages and is in worldwide distribution.

The Direction

Moving beyond the trendy ideas about a man’s role that just don’t seem to work, Elliott shared insights on being a man that have withstood the test of time. Interestingly, these insights are the traits that he has heard many women complain were lacking in men today:
· showing leadership
· making decisions
· taking responsibility

He also discussed the importance for men of stepping up to the plate. Elliott stressed that women are looking for strong men in their lives. They want to feel safe. In many cases, as women have gotten stronger and more independent, men have gotten progressively weaker. Women are picking up more and more responsibility and decision making and they are beginning to deeply resent it.

Watch the 15 Minute show preview:

How Does It Work For You?

When we hear that all women want a strong man – we re-actively recoil in the generalization. Of course, each couple is unique. In every relationship, clearly some decisions are more suited to the particular woman, and some decisions are more suited to the particular man. But most would agree that major and joint decisions need to be made with participation and constructive input by both parties. A relationship is a partnership; a relationship is a team. With the partnership attitude, the relationship simply works better.

What Are Men Doing?

Where have today’s men gone astray? Katz theorized that since the age of industrialization modern men have spent less time with their fathers. They have fewer strong male role models and limited daily encounters with men in general. In the media men are often portrayed as weak, cast as buffoons in the sit coms, the subject of ridicule, and the brunt of jokes.
Men are genuinely trying to be sensitive to the needs of wants of the women in their lives. Elliott noted that the standard men’s “whatever you want” reply is not on for important decisions that affect the couple and the family. Women are becoming increasingly frustrated by the lack of leadership they are seeing.
Elliott was careful to distinguish the traits of the strong man from a mean, controlling bully – this is not the goal at all. A strong man can be both kind and considerate — as well as decisive. It is a balancing act that modern men are just now navigating. Men’s roles have shifted so far and so fast, up until now, there has been very little in the way of a useful road map. Now there is.