Showing posts with label Finance. Show all posts
Showing posts with label Finance. Show all posts

Thursday, October 09, 2014

3 levels of prosperity

To become more prosperous, we need to change on at least two levels. 

First, we must ensure our financial affairs are in order. 
We need an income that at least covers our expenses. 
And we need a foundation of habits, tools and skills so we achieve some financial stability in our day-to-day experience.

Second, we must become aware of the beliefs we hold around money and prosperity. 
If we unconsciously believe we are lacking in some way, then no matter what we do, we will unconsciously sabotage our own efforts to improve our finances.

And third, it's helpful to understand the spiritual principles that govern our level of abundance. Once we know those principles, we can work effectively within them to attract abundance to us.

"If you're prosperous in soul, you'll be prosperous in whole."
-- Mark Victor Hansen

by John & Patrice Robson of HigherAwareness.com.

Thursday, March 15, 2012

The 4 keys


"4 KEYS TO CONQUERING DISCOMFORT AND ACHIEVING EVEN GREATER SUCCESS"

by Bill Bachrach

In coaching advisors for more than 17 years, I’ve observed a key distinction between those who succeed at a high level and those who operate at a more mediocre level.

Successful advisors are willing to do uncomfortable things.

I’m talking about things that are uncomfortable for everyone. Successful people manage to do them, while those who aren’t succeeding at a high level will do just about anything to avoid the feeling of discomfort. I can understand why advisors don’t like to make cold calls; they’re uncomfortable for just about everyone (and we don’t recommend making them).

But I’ve noticed that many advisors are reluctant to do something even as simple as asking for, obtaining, and following up on referrals.

Recently, I took a week off to go on a very long bike ride. While my friends and I were logging over 100 miles a day and pushing ourselves up one hill after another, it occurred to me that very few people deliberately do things that make them uncomfortable.

In fact, most people are so self-conditioned to avoid discomfort that they think people who seek discomfort are stupid, reckless, or gluttons for punishment.

I often get just this kind of feedback when I tell people about my “vacation.”

When confronted with something uncomfortable, most of us just won’t rise to the challenge, even if it means failing to achieve our goals.

However, when we’re forced into an uncomfortable situation with absolutely no choice in the matter, we human beings have an incredible ability to rise to the occasion. People successfully move beyond being fired, going through divorce, and dealing with life- threatening illnesses, or surviving the death of a loved one.

Often they tell us, “It was the best thing to ever happen to me. I’m stronger, better, and more equipped to live a more productive, successful, and happy life.”

This is great news because it means we all have the capacity to handle discomfort.

We simply have to choose to harness it to achieve our goals.

So why do we avoid deliberately putting ourselves in “controlled” uncomfortable situations to make ourselves stronger, better, and achieve higher levels of success and happiness? More important, how can we do this on purpose so we can be stronger, better, more successful, and happier?

At the 1940 convention of the National Association of Life Underwriters, a gentleman by the name of Albert Gray said, “The common denominator of success—the secret of success of every man who has ever been successful—lies in the fact that he formed the habit of doing things that failures don’t like to do.” Gray’s words are often quoted within our industry, yet even more significant are the lines he spoke next: “The things that failures don’t like to do are the very things that you and I and other human beings, including successful men, naturally don’t like to do. In other words, we’ve got to realize right from the start that success is something which is achieved by the minority of men, and is therefore unnatural and not to be achieved by following our natural likes and dislikes nor by being guided by our natural preferences and prejudices.” In other words, successful people push themselves beyond their natural discomfort to do whatever is necessary.

When it comes to asking for referrals and following up, for example, I look at it as a necessity—you can’t build your business without it. As far as I can tell, there’s no comfortable method for filling your appointment calendar. But if you don’t have any experience doing the things that are optional and uncomfortable, you’ll probably tend to avoid them.

What discomfort are you avoiding that needs to be faced in order for you to be the success you’re really capable of being? Are you asking yourself “what if” questions that discourage you?

•What if I hire the staff I really need, but it doesn’t work out? (Implication: I’ve wasted time, effort, and money.)

•What if I confront a staff person who isn’t getting the job done and they quit? (Implication: I’m stuck doing paperwork for a while and I’m forced to go out and find the right person for the job.)

•What if I ask for referrals and I offend a client? (Implication: The client fires me and tells everyone in the community what a bad person and advisor I am.)

•What if I follow up on a referral and they don’t appreciate my call? (Implication: They call my client because they’re angry. Then the client gets mad that their friend is mad so the client fires me and tells everyone in the community what a bad person and advisor I am.)

]•What if I make that investment in my business and it doesn’t turn out like I hoped? (Implication: I’ve wasted my time, effort, and money.)

•What if I give a client bad advice? (Implication: The client fires me and tells everyone in the community what a bad person and advisor I am.)

If questions like these are standing between you and your success, stop asking such lousy questions and try these four ideas instead!

1. Ask better questions.

Maybe you’re focusing on the wrong bad things. The consequences of not asking for referrals and following up are much greater than the worst-case scenario your imagination can conjure up.

Instead of focusing on all the bad things that might happen if you do what needs to be done, ask yourself what will happen if you don’t do it. Here’s one answer: You’ll end up being mediocre. Which is worse: being mediocre or dealing with the discomfort required to be successful?

Mark Allen, the six-time Ironman Triathlon world champion, asks the question, “Are you willing to do the work that the goal requires?” If you’re not succeeding at the level you really want, you might want to spend some time thinking about that question. If you want to be a successful financial advisor—someone who has the right number of ideal clients to generate enough gross business revenue to live the life you want—are you willing to do what it takes?

2. Give yourself empowering answers.

As long as you’re talking to yourself anyway, why not focus on the positive? What are some amazing, incredible, fantastic things that could happen? What might happen when you consistently and effectively ask for referrals and follow up? What might happen when you have the right staff doing the right things? What might happen when you make that investment in your most valuable asset—yourself?

3. Stop making excuses.

It’s amazing how often I hear advisors say, “That successful person was just in the right place at the right time.” No, the truth is that nearly every successful person has worked hard and taken uncomfortable actions consistently and diligently over a long enough period of time to become successful today. Stop making excuses and choose to face the uncomfortable situations that will lead to your success. Instead of criticizing the people who have become successful, choose to do the work and join them.

4. Make it a habit to choose discomfort.

The next time you find yourself avoiding something just because it’s uncomfortable, do it anyway. This applies to both personal and business decisions. Have you been putting off a preventive or diagnostic medical procedure because you know it will be uncomfortable? Have you been avoiding a personal issue or uncomfortable conversation? Schedule that doctor’s appointment, mammogram, or colonoscopy. Visit that friend in the hospital. Talk to that family member about how you really feel. Make an appointment to draw up your will or trust. Join the gym and go workout, even if you don’t look perfect in your shorts! Yes, these things may be uncomfortable, but do them anyway. Practice choosing discomfort. It will eventually come more naturally to you and the results will inspire you.

Here’s the bottom line. To become an even more successful financial advisor, you’re going to have to do things that are uncomfortable. Remember the advice offered by Albert Gray and Mark Allen. Don’t let discomfort be the deciding factor in determining what you do or avoid doing. If you’re going to do anything significant in life, you must push past the discomfort. In doing so, you’ll also set a great example for people around you and earn their trust and respect.

Don’t be a salesperson. Be a Trusted Advisor.

Saturday, October 01, 2011

Airline livery design hits bottom

As if MAS doesn't have enough bad press on its share swap.
Now even the design "kena kutuk" by a top pilot like Patrick Smith.

 Ask the Pilot

Airline livery design hits bottom

OK, I can't stand it anymore. Has airline livery design at last hit rock bottom?
Yes, I think it has. Presenting the new look of Malaysia Airlines.
Hey, wow, a swooshy thing. How original. It's two swooshes, actually, squashed and scribbled together like tandem shark fins in a peculiar and wholly unattractive pattern.
When I say "swooshy thing" I am talking specifically about the "Generic Meaningless Swoosh Thing" or GMST, the concept that, over the past 10 years or so, has become the lowest common denominator of airline brand identity, seen worldwide from Aeromexico to El Al. The term was coined by Amanda Collier, a graphic design veteran, quoted in one of this column's earlier livery discussions. Said Collier, "the GMST is what happens when any corporation gathers senior management, their internal creative department, and a design agency in order to develop a new logo. The managers will talk about wanting something that shows their company is 'forward thinking' and 'in motion,' and no fewer than three of them will reference Nike, inventors of the original Swoosh. The creative types smile, nod, secretly stab themselves with their X-Acto knives, and shit out variations on a motion theme until everyone gets tired of arguing about it."
What makes Malaysia Airlines' swoosh so tragic is that it supersedes one of the classiest palettes out there. Malaysia is, or was, one of the few carriers to retain a classic "cheat line" -- the horizontal, nose-to-tail striping once very common on jetliners. The blue and red cheat, tapered at the stern, was handsome, distinctive and dignified -- exactly what a livery should be.
The only thing that saves the revised look from total abomination is the retention of the indigenous Wau kite on the tail. Few airline logos are as iconic and long-lasting.

True story:
In 1993 I was in the city of Kota Bahru, a conservative Islamic town in northern Malaysia close to the Thai border, when we saw a group of little kids flying Wau kites. At the time I didn't realize where the airline's logo had come from, but I recognized the pattern immediately. It was one of those airline/culture crossover moments that we aerophiles get all emotional over.
Indonesian carrier Garuda, on the other hand, has taken a tragic step backward by removing a similarly iconic logo from its tails. Gone is the abstract head of the Garuda eagle. Borrowed from ancient Sanskrit, the Garuda is common to Buddhist and Hindu mythology, and one of Hinduism's animal-god trinity. This was seen as too meaningful, apparently, and the airline switched instead to this idiotic blue blur.

About

Patrick SmithPatrick Smith's Ask the Pilot, a long-running feature on Salon, is the Web's most trenchant and insightful source for all things air travel, from safety and technology to airline culture and airport security. Send questions to patricksmith@askthepilot.com and look for answers in a future column. 

Wednesday, June 17, 2009

Money, money, money

I think the economic situation is getting to me. It's affecting the company and staff morale.
Suffice to say, it's scary wondering if we have actually hit bottom yet.
Not sure where, but I remember seeing this ad for those loan sharks which said,"Money isn't everything, but everything needs money nowadays".
I've always been an advocate of living within one's means, that means if you make 3 thousand a month, you spend MAXIMUM of 2500 a month.
Some people say it's impossible, "everything so expensive lah" and even "but I need that ninety dollar shampoo for my hair".
It's POSSIBLE, and at the end of the day, you have to take care of yourself FIRST.
And take note of what Mr. Ford said below.

If money is your hope for independence you will never have it.
The only real security that a man will have in this world is a reserve of knowledge, experience, and ability.
- Henry Ford (1863-1947)