“If you don’t want to work, you have to earn enough money so that you won’t have to work.” – Ogden Nash
Welcome to the money series, people! On top of the other series that I have (Lisa Nichols – Abundance Now; Stephen Covey – 7 Habits of Highly Effective People; Jack Canfield – The Success Principles), this is the one about money, savings, mutuals, investments, among so many other things.
Tony Robbins, the guru (I believe) in the financial field, has an extremely good book in terms of how to invest and where to put your money.
I’ve already done a number of podcasts on here that could be found at – https://itunes.apple.com/us/podcast/the-arsenio-buck-show/id1181794790?mt=2
So before diving into this, I highly suggest you getting a rundown of what this book about.
Without further ado, we were suppose to come up with a number in mind about putting together a monthly withdrawal and putting it into a tax-free mutual fund or 401K.
Did you come up with that number? 5%? 8%? 10%? 20%?
What if you don’t have a number in mind to put towards compounding? What’s holding you back? I can tell you. It feels like you’re losing something. If it’s not being used today towards the materialistic world, you think you’re losing money, or will keep losing money for the next 10-20 years.
That’s the thing about humanity. If we feel like we’re not getting it now, we won’t do it. That’s why so many people don’t save and invest; however, you’re giving yourself a peace of mind and setting up a large fortune of return in the future.
But for those of you who do have a number, look at the following picture.
Tony Robbins has recommend not going any lower than 10%. If you look at the picture above, that’s the reason why. If you save as little as 3.5%, the returns are small. However, if you save over 10%; let alone 13+%, the returns are MASSIVE. You could go from buying a pair of shoes to a buying a sports car.
Ofcourse, you’ll still need to “earn” that little raise from your boss who probably won’t give it to you, but if you do achieve a raise, put that small percentage on top of what you’re already investing.
If you’re new to this, you can message me with any information @ArsenioBuckShow (twitter) or my Facebook page: The Arsenio Buck Show and ask me any questions you’d like.
Until then, begin following this process to financial freedom with the rest of my listeners from around the world. If you want to hear the podcast, copy and past the link below.
Podcast – https://www.spreaker.com/episode/10228209
“People think the world is going insane right now with the problems happening but I think we’re doing just fine. 7 million of us cramped up on this planet….I think we’re going a pretty good job.” – Jim Carey
This is a prime example of not only proactive language, but also the circle of concern which is the activity that I’ll be talking about out of Stephen Covey’s book.
Look at how you focus your time an energy. Really….take a look. Are you focusing on things that you have no control over? Or things you can control?
We have a wide range of problems: health, children, problems at work, debt, nuclear war, etc. There are some things that we can control and others that are way out of our control. We can separate from these particular things in which we have no particular or emotional involvement by creating a “Circle of Concern.”
“As we look at those things within our Circle of Concern, it becomes apparent that there are some things over which we have no real control and others that we can do something about.” Stephen Covey.
A lot of foreigners residing in Thailand, for instance, complain heavily about just about everything in Thailand; from the cat down the road, to one of the biggest shopping centers in the heart of Bangkok. None of these things in which they have control over. Get the picture?
Proactive people, on the other hand, focus their energy on the Circle of Influence. Things they can actually do something about.
Reactive people focus their efforts in the Circle of Concern. They focus soon the weakness of other people, the problems in the environment, and circumstances over which they have no control. Their focus results in blaming and accusing attitudes, reactive language, and increased feelings of victimization. The negative energy generated by that focus, combined with everything else, causes their Circle of Influence to shrink.
Stephen Covey said, “Be a light, not a judge. Be a model, not a critic.”
For the next week, see where you fit in. See if you can control the energy that you’re emanating. See if you’re reactive vs. proactive. Listen to your language.
Podcast – https://www.spreaker.com/episode/10222857
The ascent of Everest was not the work of one day, nor even of those few unforgettable weeks in which we climbed….it is, in fact, a tale of sustained and tenacious endeavour by many, over a long period of time. Sir John Hunt *Scaled Mount Everest in 1953*
Listen, in order to become a high achiever, you’re going to need a powerful supporting cast. That group of staff members, consultants, vendors, and helpers who do the bulk of the work while he or she is available to create new opportunities.
Just recently I had one of my students create and resize some photos for me on photo shop because I’m not that technically savvy. Yes, I could’ve learned myself, but if it’s easy to delegate tasks for very cheap, why not?
The Total Focus Process
There’s an excellent process in Jack Canfield’s ‘The Success Principles Book” which helps provide you with clarity in terms of how you should be spending your time, and what you should be delegating to others.
Another great example is since I’m a teacher, I have a lot of clothes. I’m not going to spend 3-4 hours one evening washing 9 suits, 20 shirts and pants, etc when I can easily delegate that to the lady down the road for 2-5$ every two weeks.
The Need For Personal Advisors
Too many business owners don’t even have an accountant. They run their entire business program; however, there aren’t any experts at hand checking the numbers.
For instance, I had a student who became an accountant at a prestigious firm and saw that employees were stealing hundreds of thousands of baths over the course of 5-10 years. When you run a business, you need to also have people who can keep close tabs on numbers because once assets start disappearing, you have to be 100% responsible and take on the task yourself. Or, you can pay and have one accountant do the bulk of that dirty work.
Once You’ve Chosen Your Team Members, Trust Them
A great story is one by Raymond Aaron. He was selling his home to move into an apartment, so he delegated an entire project to his assistant. He told her to find a specific flat. “Find it, negotiate the lease, and bring me the contract to sign,” he said. “Then hire a moving van, get a check from my office to pay the movers, pack up the fragile items, supervise the movers, and drive behind them to my new home.” He even had her hire an advance cleaning crew and arrange a handful of other things.
Where did he meet her? On vacation!
What could a virtual assistant or virtual freelancer do for you? Write up speeches? Reports? Create a radio commercial? Develop a YouTube video?
Podcast – https://www.spreaker.com/episode/9211557
The world is entering a new time zone, and one of the most difficult adjustments people must make is in their fundamental concepts and beliefs about the management of time. – Dan Sullivan
I love this picture in Jack Canfield’s book because this just about paints the picture of what happened to me last year. After making a podcast, I was pulled aside for saying things that “probably” provoked other people and some people weren’t happy. I was told to stop doing the podcast and I retorted, “absolutely not. If so, I want everyone to stop having a life.”
See what I did there?
I’m a teacher and an occasional entrepreneur (soon to be full-time this year), so time for me amongst work, meeting friends, and recreation could be very thin at times. I talked about this on my last blog in terms of coming up with a unique planning system that structures our time and drop the “new years resolution” parody. So, lets talk about how to structure.
A Focus Day, in Jack Canfield’s book, is a day in which you spend at least 80% of your time operating in your core genius, or primary area of expertise – that goes with interacting with people or processes that give you the highest payoffs for the time you invest.
Example, my focus day would be creating podcasts, editing my blog, focus on my website, creating templates for my website, or coaching someone to achieve a greater level of success.
A Buffer Day is a day when you prepare and plan for a Focus or Free Day – either by learning a new skill, locating a new resource, training a support team, delegating tasks and projects to others, or traveling to a work site. Buffer Days ensures that Focus Days are productive as possible, as Jack Canfield puts it.
Also, use your vacation time! The Travel Industry Association of america says the average vacation time taken in 2012 was 4.3 days. What’s even more alarming is that most Americans didn’t even USE their vacation time. Why are the afraid? In the past, my employer even told me if I took a vacation, my job might not be available when I get back.
Time To Start Scheduling
HOP TO IT!!
Podcast – https://www.spreaker.com/episode/9200506
Happy New Years to the citizens of the world!
This is the time of the year where the majority of the world commits to doing something by calling it a resolution.
Resolution – the action of solving a problem, dispute, or contentious matter.
Jack Canfield says you should just, “face what isn’t working instead.” Not waiting to the New Year to resolve something that should’ve been handled back in April!
Here’s an example. How about a success planner? Jack Canfield has a wonderful one, and I’m ultimately going to create one, too.
These are things that can get you going en route to a very productive dawn of the New Year.
Success follows doing what you want to do. There is no other way to be successful. – Malcolm S. Forbes
You know when we use to run around in the front lawn of our homes back in the early stages of grade school in euphoric jubilance? The smiles from eye-to-eye on our faces and not a worry in the world? Or maybe it was playing music, sports, drawing, painting, or a number other of activities.
That ultimately ended up being that one thing that I’ve always loved to do whereas I love it so much that I won’t charge people for it.
Compare that with the other people in the world who are waking up going to jobs that they absolutely hate, mundane tasks they do, although they can delegate them for much cheaper….these things take up the downtime of us actually focusing on that core genius within us.
Why are we scared of relinquishing those unwanted projects or to-do tasks to other people? Maybe we’re afraid to give up control or pay money to get extra help.
Example, since I’m a teacher, I have about 7 suits, 4 vests, more than 20 dress shirts and slacks to go along with the shirts. Do you think I spend an entire evening washing and ironing my wardrobe? Absolutely not. I’ve delegated that task completely to a wonderful lady to whereas 10 shirts and 10 pants total out to $5 USD.
This task was delegated once and it has saved me at least 3-6 hours a week in terms of doing it myself.
Become a con artist at what you do. Example, Anthony Robbins is a speaker and a trainer. He loves speaking and training. He has arranged his life so that people are constantly paying him large sums of money to do what he loves to do.
Get the picture?
Do What You love – The Money Will Follow
I began teaching primary school students at my first job here in Thailand. Did I enjoy it? It was a huge change for me, but the environment was too tense.
I went further south and began teaching technical students. Were they serious about learning English? Absolutely not.
When I finally moved to Bangkok and I started teaching people who were eager about learning the English language, everything changed. My love and passion for what I did grew more and more to the point my students started referring there friends to learn with me privately, I started to get huge speaking engagements and jobs at some of the top companies in and around Bangkok, and now I have a podcast, soon-to-be website, YouTube channel and I’m creating so many things in terms of education.
Did I get great compensation at my first job? No.
Second job? Barely.
Now add in the podcast, website, book, etc….
I’m doing what I love to do and I’m getting compensated heavily for my wonderful services.
What tasks do you have throughout the course of the week that you could possibly delegate to someone else so you can focus more on the core aspect of your life?
Podcast – https://www.spreaker.com/episode/9198385
Welcome back, everyone, and for all the newcomers who have made it to the blog for the first time. I’m going to report something very important to some of you who are preparing to take the IELTS in the future.
First and foremost, it’s a test. When there’s a test, there’s always some kind of technique that you can use towards your advantage in terms of passing the test, right?
Nope. I’m not talking about cheating. I’m talking about doing the necessary research for all potential universities in your crosshairs so you know exactly what bands are needed.
Example, for those of you who are looking for admittance into universities such as National Singapore University, University of Sydney, University of Melbourne, etc….you’re going to need specific band scores in categories such as Reading and Writing.
For those of you who are just looking for a university to accept you, they require just an overall, and that’s where the fun begins.
Example, one of my students got an overall of 7.0 but failed to get a 6.5 in speaking. Therefore, she didn’t get the mark necessary to get into the University of Sydney. So, 20 hours of speaking did the trick and now she’s on her way to become an epidemiologist.
On the other hand, a student looking to get into a university in Wales or New Zealand may need just an overall of 5.5 without any minimal requirements.
Why? Your strengths could be literally maxed out and you’ll still pass the test with the required band.
8.0 – Reading
8.0 – Writing
4.0 – Speaking
4.0 – Listening.
Overall – 6.0
This is exactly how the ultimate average works. I’ve seen it first hand. So, what you want to do is work on your strengths to the max and know just the basics to get a very average score (preferably 5.0-6.0) in the others and you literally will pass without any resistance.
This is the glory of beating the test.
Please share, like, comment, and I’ll even post my podcast which I go into a bit more detail.
Podcast – https://www.spreaker.com/episode/10209003
Enthusiasm is one of the most powerful engines of success. When you do a thing, do it with all your might. Put your whole soul into it. Stamp it with your own personality. Be active, energetic, enthusiastic and faithful, and you will accomplish your object. Nothing great was ever achieved without enthusiasm. – Ralph Waldo Emerson.
As an educator, you have to be very passionate about wanting to change the lives of children. I’m not talking about the artificial curriculums being taught all around the world, but more from a spiritual nature.
Since living in Thailand, I’ve seen the vast majority of teachers literally come to work, open a book, sit down and speak in monotone. Not sure where this is derived from, but I can tell you 9 times out of 10 he had to drag himself to work that particular day.
Being filled with purpose and gunning towards your life-purpose in life will instill that unshakable eagerness to get up and continue towards one’s mission.
Even if you’re not able to make a lot of money, like most artists and photographers in the world, you’re already a success because you’re doing what you’re passionate about.
How To Develop Passion
Let’s take a look at our careers, for instance. This occupies the majority of our time, right? The next question is, “are you doing what you love to do?”
What were you doing? What were you experiencing? These events are indicators on how to bring passion into your life day-to-day work.
When you start doing what you’re passionate about, you’ll be a magnet to others and attract to you those people in the same vibrational frequency.
I asked myself, “what did I love to do as a child?”
I loved to run, laugh, and speak.
I’m now a speaker, entrepreneur, teacher, and health-guru.
What did you love to do as a child?
If you want to listen to my podcast on this particular blog, click the link below.
Podcast – https://www.spreaker.com/episode/9186860
Good afternoon, everyone, and welcome to my first blog post.
My name is Arsenio Buck and this blog (soon to be a website) is designed for people who are looking for a breakthrough in their life. People who are and have been in endless slumps within their lives – health, wealth, personal development, hobbies, relationships, etc.
Along with this blog there will be a podcast episode where I talk about this specific blog for anyone who’s interested and the link will be provided below.
Without further ado, I’m going to talk about MSI’s today (Multiple Sources of Income).
INCOME FROM MULTIPLE SOURCES
MSI is not another JOB.
MSI is not a better JOB.
MSI is not even a JOB.
This is simply creating and adding a source of income to your primary source of income.
First, let me ask you a question.
When times get rough, you lose your job, you have an unexpected expense towards your car…have you ever found yourself asking other people for money to pay off your own debts or to even buy food?
All of us have had these moments before in our life. When times got rough for me here in Thailand, I was literally sitting at the end of my bed wondering how am I going to get through the week with just 10-20$ USD at hand.
Going back to my earlier days where my mother had to cook flour tortillas in oil for dinner just so we can get by. After these struggles come, we subconsciously train our mind to never allow them to happen again.
This is the best way to do that. When the primary source of income goes obsolete, we can rely on other sources of income to keep us afloat.
You shouldn’t have to exchange time for these. Look at it this way – wouldn’t it be wonderful if you were making money while sleeping?
There are a number of ideas such as….
You can get creative with MSI’s, and they all have one thing in common – they all flow right into your bank account.
I know artists who actually make covers for books.
I know a lot of Thais and Indonesians who have online, exporting and importing businesses in terms of fruits, clothing and other miscellaneous things that make them a fortune.
The majority of the ultra-successful out there in the world just don’t have one source of income. They have a variety of them. This is one of the most brilliant ideas out there and just look at it this way, the more you give, the more opportunities you get. Get involved and start to become a learner in a variety of different fields and see what other ‘average joes’ are doing to make an extra buck. I would recommend watching Bob Proctor and I even have a podcast that pertains to this blog down below.
Get with it!