Put A “Stop-Loss” Order On Your Worries

Would you like to know how to make money on Wall Street?

A man name Charles Roberts was given a good sum of money to invest into the stock market.  Let’s just say it was his friends money.  Well, he lost every cent of it, given the fact that he was new to the market.  He dreaded the fact having to face his friends about the huge loss, but, to his astonishment, they weren’t angry.  Heck, they were even good sports about it.  They were incurable optimists.

This man, by the name of Charles Roberts, had been trading on a hit-or-miss basis and depending largely on luck and other people’s opinions.  He was literally playing it by ear.

So, he sought out some help and came across a man name Burton who had a very sound principle called “put a stop-loss on worry.”  For example, if he bought a stock at, say, fifty dollars a share, he would immediately place a stop-loss order on it at forty-five.  That means that when and if the stock should decline as much as five points below its cost, it would be sold automatically, limiting the loss to just five points.

This works with life, too.  How many of us have that late friend? The friend who shows up anywhere between 10 minutes to three hours late (not hyperbolically speaking, either). Put a stop-loss on it.  Give them an ultimatum and say, “hey, you’ve got ten minutes.  If you don’t show up, your lunch is going to be at the lake – being eaten by birds.”

Podcast: https://www.spreaker.com/episode/12324973

 

How To Eliminate 50% of Your Business Worries

“If you are in business, you are probably saying to yourself right now: “The title of this is ridiculous! I have been running my business for 5, 10, 20 years; and I certainly know the answers if anybody does.  The idea of anybody trying to tell me how I can eliminate 50% of my business worries – it’s absurd!” – Dale Carnegie.

Fair enough.  However, to be frank, there’s already an array of techniques out there such as the 80/20 rule, which is basically finding out what’s 80% of your unhappiness and can you get rid of it – that you can use.

Tim Ferris said in his book that there was one particular client he had that was always nagging, bitching, complaining, and gave him an earful on a daily basis.  Since the client wasn’t really making him any money, he broke it down and gave him an ultimatum.  It wasn’t what the client wanted to hear, but what he needed to hear.

I’ve done this with a many of my colleagues over the last 8 years of my life working in three different countries.  Some of them backed away after I blew up, some of them try sabotaging the workplace and turned other colleagues against me, and others unwittingly quit.

Identify:

“Positive friends versus time-consuming friends: Who is helping versus hurting you, and how do you increase your time with the former while decreasing or eliminating your time with the latter?

Who is causing me stress disproportionate to the time I spend with them? What will happen if I simply stop interacting with these people? Fear-setting helps here.
When do I feel starved for time? What commitments, thoughts, and people can I eliminate to fix this problem?” – Tim Ferris

This helped me a lot.  Now, I basically initiate conversations at the workplace because I know 90% of the conversations will bring me grief.  (LOL)

Going back into Dale Carnegie now…..

There was a man named Leon Shimkin, a general manager for Rockefeller decades ago.  He had troubling times at work because he would hold conferences, discussing problems all day with no end line.  The arguing and tension would go around the room for hours and when night came, he would be utterly exhausted because of the ordeal.

Well, after fifteen years of getting nothing accomplished at conferences, he came across this specific technique that would change those troubling associates and conferences to something much more effective.

  1. What’s the problem?
  • I recall reading in Jack Canfield’s book a very important part of a principle called “Heart talk.”  Sitting in a circle, you would be given one piece of paper, sign, or object that you would pass around the room.  The object would be NOT to comment on what others say, but to state what has happened on your end.  No one can interrupt the speaker, either.  This could be very effective for the masses out there.

2. What is the cause of the problem?

  • Always go to the root of the problem.  There was a saying a long time ago that I half remember now in terms of taking off the animal’s head because it can’t return after.  I’ve worked with so many colleagues since being here in Thailand who were parasites.  They had insidious agendas and they were full of question marks (about their past life).  This type of workplace madness (my next blog) is what you do not want to be around.  Get rid of the problem.

3. What are the possible solutions of the problem?

  • In the workplace, it’s better to just part ways.  If you have someone who rants about how bad a country is day in and day out, you can’t change that specific individual.  The parting of ways is best.  However, if it’s a problem that can become undone by a shift in the awareness, do that before.  If it’s an individual who constantly bitches about the world, stay the hell away from them.

4. What solution do you suggest?

  • In order to answer these questions, you’re going to have to get all the facts and think your problems through.

Podcast: https://www.spreaker.com/episode/12088150

The Penalty of Leadership

Since living here in Thailand, teachers have said: I’m black, too loud, too funny, not strict enough, too much charisma, gets all the work, brown noses, shouldn’t be a teacher, can’t write, bad at presenting.  In addition to that, students have said: we want a white teacher, we want a handsome teacher, you’re too funny, we want to go page-by-page, we want that 150 year old traditional style teaching whereas a teacher writes a bunch of shenanigans on the board and we copy it.

Is this part of leadership? Well, just know in every field of human endeavour, you’re going to get that white light of publicity.  When you start doing good and start making a name for yourself, the envy will be there waiting for you.  The reward of the publicity and recognition; the punishment, fierce denial and detraction.  It could become a target for the envious few or envious many.  When you do something mediocre, they’ll leave you alone.  When you achieve a masterpiece, it will set a million tongues a-wagging.

You’re never going to get the “seal of genius” stamp in what you do.  I’ve had people who said my writing was appalling; conversely, my college professors would give me straight A’s on my papers.  The one who said I couldn’t write to save my life never majored in English….get the drift? There are parasites and bacteria out there that are trying to find a way to harvest anywhere on your body…and I’m not speaking literally.  The comments and negative opinions of others are just that….parasites and bacteria.

The Penalty of Leadership is monstrous.  The moment I created a curriculum that enabled others to get a lot more work, there wasn’t a ‘thank you’ anywhere in the vicinity.   The pessimism grew even larger because the fact and matter is that my image is being created in a way that will alter the trajectory of colored people worldwide.  If you’re not ready to strap on your helmet and barrel through the cynicism, criticism, haughty and antagonists, I suggest you stick to the 9-5 job.

Podcast: https://www.spreaker.com/episode/11947419

Basic Habits of Saving + Chart

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Finally! After literally ten days of promising, I’ve posted this blog for you and you can see how amazing it is to save money and how it can grow.  Can you do this with a low-risk mutual in a compounding environment? Possibly.  That’s why I tell everyone who views my blog to get in touch with your financial advisers (free to speak to them) or consultants to ask questions!

There are those who are short-sighted and fond of pointing to the fact that no one can actually become financially dependent by saving a few dollars a week.  However, this creates habit, which is what I’ve been talking about for quite some time already – and will ultimately lead to you taking advantage of endless opportunities that could present themselves in the future.

Most people have the habit of gambling, drinking, excessive entertaining, and just throwing money away.  Imagine this for a quick second….just imagine you received a check from someone.  What’s the first thing that comes to mind? HOW TO SPEND IT!  This is what most people in the world experience.  We think more of how we are going to spend what we received rather than saving it.

The idea of saving, and the self-control and self-sacrifice which must accompany it, is always accompanied by thoughts of unpleasant nature, but oh, how it does thrill one to think of SPENDING. – Napoleon Hill

The habit now saving must become a regular, well grounded, systematic habit.  It requires more force of character than most people have developed.  In doing this, the other needed habits which lead to success: especially Self-control, Self-confidence, courage, poise and freedom from fear.

Initiative & Leadership Creed

Copy the following formula and place it conspicuously in your room where you will see it as you retire at night and as you arise in the morning.

First: You must master the habit of procrastination and eliminate it from your make=up.  This habit of putting off until tomorrow that which you should have done last week or last year or a score of years ago is gnawing at the very vitals of your being, and you can accomplish nothing until you throw it off.

The method through which you eliminate procrastination is based upon a well known and scientifically tested principle of psychology which has been referred to in the two preceding lessons of this course as Auto-Suggestion.

Having chosen a definite chief aim as my life-work I now understand it to be my duty to transform this purpose into reality.

Therefore, I will form the habit of taking some definite action each day that will carry me one step nearer the attainment of my definite chief aim.

I know that procrastination is a deadly enemy of all who would become leaders in any undertaking, and I will eliminate this habit from my make-up by:

a. Doing some one definite thing each day, that ought to be done, without anyone telling me to do it.

b. Looking around until I find at least one thing that I can do each day, that i have not been in the habit of doing, and that will be of value to others, without expectation of pay.

c. Telling at least one other person, each day, of the value of practicing this habit of doing something that ought to be done without being told to do it.

I can see that the muscles of the body become strong in proportion to the extent to which they are used, therefore I understand that the habit of initiative also becomes fixed in proportion to the extent that it is practiced.

I realized that the place to begin developing the habit of initiative is in the small, common-place things connected with my daily work, therefore I will go at my work each day as if I were doing it solely for the purpose of developing this necessary habit of initiative.

I understand that by practicing this habit of taking the initiative in connection with my daily work I will be not only developing that habit, but i will also be attraction the attention of those who will place greater value on my services as a result of this practice.

Signed………………………………………………………..

Podcast: https://www.spreaker.com/episode/11902735

 

Transcending Those Limiting Beliefs

“Your subconscious mind does not argue with you.  It accepts what your conscious mind decrees.  If you say, “I can’t afford it,” your subconscious mind works to make it true.  Select a better thought.  Decree, “I will buy it.  I accept it in my mind.”

Dr. Joseph Murphy –

Like what I’ve said in my Lisa Nichols podcasts, our beliefs, especially from when we were young, really control what’s going on today.  It could be beliefs about our own capabilities, belief about what it takes to success, beliefs about how we relate with other people, or common everyday beliefs that we see or live by.  Identify those limiting beliefs (Lisa Nichols – https://www.spreaker.com/episode/10255673) and replace them with positive ones that support your success.

What Are Some of Those Limiting Beliefs?

  • I’m not (smart, attractive, rich, old, or young) enough.
  • I’m not worthy.
  • I’m not lovable.
  • Life is hard until you die.
  • Nothing I do is right.
  • You can’t get rich in this profession.
  • There’s aren’t any good men left in this world.

I recall Tony Robbins talking about how severely paid teachers are in America, and then he went on to speak about a Korean American teacher who went from making 60k USD a year to 4 million…just by destroying that limiting belief of you can’t get rich in this profession.

How To Overcome Any Limiting Belief

  1. Identify the limiting belief that you want to change.  Make a list of all of them that are limiting you.  Invite a couple friends over who would also like to accelerate their growth to join you to brainstorm a list of all the things you hear growing up.
  • Money doesn’t grow on trees.
  • Can’t you do anything right?
  • Eat everything on your plate.
  • Act like a lady.
  • People aren’t interested in your problems.

When you’re finished making this list, pick a belief that is still limiting you and take yourself through the remaining steps of the process.

2. Determine how the beliefs limit you.

3. Decide how you would rather be, act, or feel.

4. Create a turnaround statement that affirms or gives you permission to be, act, or feel this new way.

For example:

  1. My negative limiting belief is Thai women hate black men because that’s what I’ve seen my entire life living out here in Thailand.
  2. The way this limits me is I put every human being of the opposite sex in the same category and that’s called generalizing.  It’s untrue that ALL women hate black men.
  3. The way I want to feel is I need to love myself for who I am and what I look like.  The only person that’s creating this reality is me, and if I continue to say something that’s not true, it will continue to happen.  I want to have smiles directed towards me and women talk to me with no race attached to it.
  4. My turnaround statement Thai women absolutely adore and love black men, including myself.

This is one of the most significant limiting beliefs that somewhat lingers in my mind from time-to-time.  This is also an example of what your statement will look like.  My colleague and I will do a podcast of this within the next couple of weeks so you can hear how it works.

Original Podcast: https://www.spreaker.com/episode/9152395

Napoleon Hill – How To Overcome The Fear of Poverty

First, scissor up those plastic cards that lay either idle, or accessible in your wallets and purses.  It’s time to pay virtually cash for everything.  Oh, and this comment is specifically for my Thais here in Thailand – DON’T PAY OFF DEBT WITH CREDIT CARDS! Makes zero sense.

When you start doing this, the sigh of relief will be an overwhelming feeling of joy.  Breaking away from the worrisome and indebtedness so that you’re ready to revamp the habits in your mind and re-direct your course toward prosperity is going to be one of the best achievements of your life.

Remember, when you discontinue an undesirable habit, know that their will be a void or space in the mind that will need some accompanying.  If you don’t occupy that free-space, what will come back?

You guessed right!

The destructive habit that you kicked before.

I’ve talked about a couple of formulas which I told you to copy, paste, print, and recite aloud. There are more formulas approaching very soon…and these formulas will become a part of your mental machinery.

I’m assuming that because you’re reading this…you’re somewhat striving for financial independence.  No, I’m not talking about those ridiculous “how to become a millionaire and billionaire” over-the-top videos you see on YouTube.  I’m talking about the accumulation of money to where you don’t worry about your finances – period.  It’s not difficult to do after you master the Fear of Poverty and developed in its place the Habit of Saving.

The fact and matter is that the cold, cruel, relentless truth is that we’re in the age of materialism.  We’re in the age that showing cars, houses, and everything materialistic gives you an upper hand over other people.  Just look at it this way, if you see a man wearing a suit jut waltzing down the street, you would ask yourself “how much money does he have,” right? However, if you see a man walking down the street with his clothes unpressed, his collar is dirty, shoes scuffed up, and not clean-shaved…you’re probably thinking that he shows signs of impoverished finances.

This tendency to judge people by the money they have, or their power to control money, is not confined to any one class of people.  We all have a touch of it, whether we recognize the fact or not.  Egoism, which I’ll be going over extensively in the coming weeks, is closely related to materialism.  We have to learn to break away from the “I’m better than you because I have more money” bs so we can uplift humanity.

And before I close this out, a lot of men stumble and fall, never again to rise, because of lack of money in times of emergency.  Reserve Funds are essential in the success operation of business! These are all the topics and things I discussed in my podcast down below.  Enjoy!

Podcast: https://www.spreaker.com/episode/11814036

Napoleon Hill – The Slavery of Debt

Paying for something you can’t afford.  Ring a bell? You dig into your wallet and pullout that flashy master card, which has “debt-ridden” all over it.  You slide that card or insert it into the machine – little do you know what you’ve just done.

Debt, which is a merciless master, is a fatal enemy of the savings habit.

Poverty, alone, is sufficient to kill off ambition, destroy self-confidence and destroy hope. If we look at it from a realistic perspective, imagine a man.  His name is Joe and he makes $12,000 a year.  His wife, on the other hand, has terrible spending habits and lives a $20,000 year lifestyle.  Therefore, the poor fellow is about $8,000 dollars in debt a year. He has two girls and one boy who wants to go to college, but now that’s impossible because of the father’s debts.  The result makes the entire family miserable.

It’s a terrible thing to go through life like a prisoner in chains, bound down like you’re in solitary confinement.  The accumulation of debts is a habit.  It starts in a small way and grows into enormous proportions slowly over time.

Most men and women develop that notorious habit of spending and unfortunately they never come to their senses in time to save themselves, because spending is like quicksand.  It’s slow, but once it grabs hold of your legs, you have no way out.  You sink deeper and deeper until you’re way in over your head before suffocating.  Good metaphor, ey?

The Fear of Poverty is one of the most destructive of the six basic fears I’ve mentioned in my previous podcasts because it destroys self-confidence, ambition, and sinks you straight into oblivion.  On top of that, this particular fear can attract The Fear of Ill Health, and then that can attract The Fear of Old Age.  Before you know it, your hair is full of grey by the age of 40.  Does any of this ring a bell for you guys? Here, I’ll throw in a story how attaching identity to money is the absolute worst thing you can do.

A young man worked for National Bank of New York City long ago.  Because he had that destructive habit of spending, the debtors/creditors would follow him around like a rat nipping at your heels to embarrass and humiliate him.  Kind of like in America where the debtors start calling your job? It gets worse.  They followed him from city-to-city when he was trying to just escape them until he had accumulated enough money to pay off his indebtedness.  Sure enough, they found him again…..and one cold night he leaped off one of the top building on Broadway straight to his demise.

Debt had claimed another victim.

Podcast: https://www.spreaker.com/episode/11794402

Napoleon Hill – The Habit of Saving

Saving money is only a matter of habit.  So, we need to have a brief analysis of the Law of Habit.

Through repetition, any act indulged in a few times becomes a habit, and the mind appears to be nothing more than a mass of motivating forces catering to that habit.

When you have any thought fixed in the mind, a habit is formed and impels action.  For example, think about your daily route to work everyday or some place you frequently visit.  You had to implement the idea in mind that you had or have to go to this place based on obligation everyday; just as we brush our teeth, take a shower, comb our hair, and even and most destructively – turn on the news.

Millions of people go through life in poverty because they made destructive use of the Law of Habit.  Not understanding the Law of Habit or the Law of Attraction….you will remain in poverty  and not even realize what you’re attracting into your life.

Fix in your mind the thought that your ability is limited to a given earning capacity and you will never earn more than that.  The law will set up in your mind the definite limitation you’re calling into existence.  Your subconscious will accept that limitation and then you’ll feel yourself slipping.

How can you get ride of this?

First, through the law of Definite Chief Aim, set up, in your mind, and accurate and definite description of that which you want; including the amount of money you intend to earn.

Your subconscious mind takes over this picture which you have created and uses it as a blueprint, destroying the other blueprints that probably control your perception of money.

You can then start charting, mapping, and holding your thoughts and actions into practical plans for attaining the object of your Chief Aim, or purpose.  Through the Law of Habit you keep the object fixed in your mind and it permanently becomes implanted there.

This practice alone will destroy the poverty consciousness and set up, in its place, a prosperity consciousness.

Podcast: https://www.spreaker.com/episode/11785866

Napoleon Hill: Lesson Three – The Habit of Saving – Pre Course

Saving – a word that’s unfamiliar and often completely disregarded in households across America.

According to a 2016 GOBankingRates survey, 69% of Americans have less than $1,000 in their savings accounts.  Less than $1,000! Is that even possible? We’re not even counting what mutual funds, 401k’s or anything; however, if there isn’t any money in a basic savings, the chances of having anything else lingering around is next to none.

You can ask me if money was what destroyed the relationship between my family and I.  Go ahead, ask!

Somewhat.  I’ll be honest.

Back in 2007, I was an aggressive saver.  I kept next-to-nothing in my checking account and threw everything in my savings.  Was I saving for a rainy day? Not necessarily.  I didn’t have a clue what my intentions were, but I would much rather be ready for an opportunity with money, rather than being broke and seeing the opportunity pass me right by.

I woke up just after 12am one May morning and had enough money in the bank to book a spontaneous trip to Australia, changing my life forever.  Would that have happened if I didn’t have money?

Before moving to Thailand, I went on trips to Sedona, Arizona and Honolulu, Hawaii.  The amount of jealousy and envy was boiling over so much that it was damn near the boiling point because my brother thought I was remarkably selfish for not handing over my funds to my mother.

Some of you are probably asking yourself, “how can I do it?”

Saving money is solely a matter of habit.  So, we need to talk about what habit is…..

Podcast: https://www.spreaker.com/episode/11769872