15 October 2017

Warren Buffet Life Tips!






Warren Buffet is widely considered the most successful investor of the 20th century. Here are some "Life tips" from him:

On Earning: "Never depend on a single income. 
Make Investments to create a second source."

On Spending: "If you buy things you do not need, soon you will have to sell things you need."

On Savings: "Do not save what is left after spending, spend what is left after saving."

On Taking Risks: "Never test the depths of the river with both of your feet."

On Expectations: "Honesty is a very expensive gift. Do not expect it from cheap people."

cheers:)

27 August 2017

Book review: Your Money or Your Life




Note: This is the second in a series of book reviews about books that inspire, that offer practical tips about goals, habits, productivity, simplifying, frugality and more. This series should run every few days or so, and it will cover some of my favorites in this fairly large genre.

Overview
Your Money or Your Life: Transforming Your Relationship with Money and Achieving Financial Independence, by Joe Dominguez and Vicki Robin, is absolutely one of my favorite books ever and perhaps the best book on personal finance ever written. It changed my life.

That might sound like a pretty rave review, but it’s genuine, and I believe it’s justified. If you’re expecting a typical book about personal finance — investing, saving, budgeting, etc. — you’ll be surprised. It has those elements, to be sure, but it approaches everything with a refreshing perspective: life isn’t worth wasting away by working 40+ hours a week for the rest of your life, just so you can have enough money to buy material possessions. Once you realize this, you realize that you can live on less, and retire early.

That’s right: live on less, and retire early. Simple yet brilliant. You’ll love this book. Read on for more.

The core philosophy
The book begins by talking about the typical lifestyle of people in our society — working long hours, stressed out, not seeing their families … all to support a lifestyle of luxury, to have material possessions. Sound familiar? If so, this book will speak to you.

The book then talks about how precious our time is, how little of it we have, and how we are exchanging our life in order to get money to buy possessions. If this transaction is not fulfilling to you, then they suggest an alternative: reduce your living expenses, increase your income, invest the difference, and retire early.

The books authors did just that — reducing their annual expenses to just $6,000 — and spend all their time volunteering and making other people’s lives better.

Some of the things the book will help you do:

get out of debt and develop savings
reorder material priorities and live well for less
resolve inner conflicts between values and lifestyles
convert problems into opportunities to learn new skills
attain a wholeness of livelihood and lifestyle
save the planet while saving money
Retiring early
One of the key concepts in the book is the Crossover Point. Here’s how it works:

Track your living expenses on a graph, trying to continually reduce them and lower the line on your graph.
Track your income, trying to raise it above the living expenses.
Take the difference between income and expenses, and invest that amount.
Track the income from your investments, watching it rise on your graph until it crosses over your living expenses — the Crossover Point.
Once you reach that Crossover Point, you have enough income from your investments to retire. They don’t recommend you retire right away, as you should build up a cushion to live on and to use in emergencies, but at this Crossover Point, you have the ability to walk away from your job.

That’s a liberating idea. Because then, your job is no longer something that will go on indefinitely, but something you’re doing for a limited time so that you can quit, and go on to do whatever you want.

Conclusion
There’s a lot more to the book, but I decided to give you just my favorite part. In the end, the book is more about your values and aligning your lifestyle with those values, than it is about wealth. It’s more about our relationship with money than it is about money.

Needless to say, I give this book my highest rating, with a very strong buy recommendation. You’ll love this book, and it has the power to change your life.

If you’re interested in the book:

check it out below : Your Money or Your Life: Transforming Your Relationship with Money and Achieving Financial Independence

13 August 2017

The Monk Who Sold His Ferrari


The Monk Who Sold His Ferrari: A Fable About Fulfilling Your Dreams & Reaching Your Destiny, by Robin Sharma, is an interesting book — as the subtitle suggests, it’s a fable, and it’s one that will certainly make you give some thought to your life, your goals, your dreams and how your daily habits help you reach those dreams. In other words, right up the Zen Habits alley.
The author is a leadership expert and author, and he fills the book with a combination of life strategies. Many of these are useful, but whether they work in combination is the real question.
The Fable
The book takes the form of a fable about Julian Mantle, a high-profile attorney with a crazy schedule and a set of priorities that center around money, power and prestige. As such, Mantle represents the values of our society. The story is told from the perspective of one of his associates, who admires Mantle’s great success and aspires to be like him.
But when Mantle has a heart attack, he drops out of the game and disappears. He sells all his possessions and goes to India to seek a more meaningful existence. When he comes back, he’s a changed man. Really, it’s as if he’s a completely different person. He’s learned from some mythical Himalayan gurus who give him mystical and yet practical advice, which he shares with his former associate (and the reader).
The Concepts
The core of the book is the Seven Virtues of Enlightened Learning, which Mantle reveals one by one. Now, although the book presents them as actual Virtues learned from Himalayan gurus, it’s important to remember as you read that these are made up by the author — actually, he pulled them from other sources and put them together:
  1. master your mind
  2. follow your purpose
  3. practice kaizen
  4. live with discipline
  5. respect your time
  6. selflessly serve others
  7. embrace the present
Each of these Virtues is discussed in some detail in separate chapters, each of them with a number of concepts and habits to develop. Most of them are very inspiring and potentially very useful. After reading the book, I incorporated several of them into my life, including the ones that involve positive thinking, visualizing goals and more. Again, these are not new concepts, and have been discussed in many other books, but the book presents a great collection of useful concepts that you might want to try out.
The Problem
After reading the book, I began to outline each of the Seven Virtues, because I was confused about all the action steps the book recommends taking. The truth is, each of the Seven Virtues encompasses a bunch of daily habits, and incorporating all of them into your life would be cumbersome. And some of them seem to me to be conflicting.
As an example of the large number of habits in every virtue, here are the ones I have listed for the first virtue, Master your mind:
  • Habit: Find positive in every circumstance; don’t judge events as “good” or “bad”, but experience them, celebrate them and learn from them.
  • Habit: The heart of the rose: find a silent place and a fresh rose. Stare at the heart of the rose, the inner petals, concentrating on the folds of the flower, the texture, etc … push away other thoughts that come to you. Start with 5 minutes a day, stretch it to 20. It will be your oasis of peace.
  • Habit: 10 minutes of reflection on your day, and how to improve your next day.
  • Habit: Opposition thinking – take every negative thought that comes into your mind and turn it into a positive one. First, be aware of your thoughts. Second, appreciate that as easily as negative thoughts enter, they can be replaced with positive ones. So think of the opposite of the negative ones. Instead of being gloomy, concentrate on being happy and energetic.
  • Habit: Secret of the lake. Take a few deep breaths and relax. Then envision your dreams becoming a reality. Picture vivid images of what you want to become. Then they will become reality.
And that’s just with the first virtue. Each one has a number of habits to develop, and they’re not listed out like I’ve done here. If you tried to incorporate all of the habits in the book, your day would be very busy indeed. Also, I would recommend only trying to adopt one at a time — more than that, and your habit change will be hard to sustain.
Conclusion
Although I can’t give The Monk Who Sold His Ferrari my highest rating, because of the problem listed above, I still enjoyed it a lot and was highly inspired by it.
I give this book a buy recommendation for anyone who is interested in incorporating routines and habits that can transform their lives, help them achieve their dreams, calm them and make them more happy. Yes, it’s a jumble of too many ideas, but you can pick and choose, and the ideas contained within are potentially very powerful. Plus, it’s a fun and easy read.
If you’re interested, check it out here:

29 July 2017

Realize your Dreams in 10 steps


Many people are more concerned with planning their vacation than planning their lives. This often they find out too late that there is not much ended their dreams and desires. Also, when building a network marketing business and are planning objectives is an important condition for success. Read below 10 ideas to help you set goals in your life. 
1. Make a list of things that are really important to you  are. What is really important to you? Family ?, leisure ?, personal development, retirement? 

2. Your goal off. Remember very well what you want to achieve, what is your goal? The more concrete the better. Consider then what you must do to achieve this. 
3 See yourself in the future. E. Nightingale concluded after a study of what makes people successful: "We are what we think." The image that dominates our brains most of the time is how we ended up. Therefore, setting goals crucial in achieving success. It helps us keep the most important in life in mind. Nightingale says that the easiest way to achieve our goals is to pretend we have achieved already. In other words, walk, talk and pretend you experience all the success you look so forward. This acts as a self forfilling prophecy: where they believe, comes from. 

4. Write 10 things you want to accomplish this year. By making a list of things you care about, you start creating images in your mind. These are your goals. These allow you convert knowledge into targeted action. When your goals are planted in your subconscious they will make you take action. Your behavior is influenced by your subconscious mind and the thoughts and ideas that you have in your subconscious - positive or negative-determine your actions. 

5. Create your own storyboard. Take blank paper and paste pictures from magazines, magazines and newspapers on things that you want if you want to reach. We humans once thought in pictures. In this way, always keep your goals in your mind. 

6. Write for yourself how your ideal day look.  Write it in the present tense, as if it is so. Try to involve senses it. What you hear, what you taste, what you feel? 

7. Visualize every day.  Every morning and every evening visualize what your goal is and how your ideal life looks like. 

8. Make a plan. Make a plan to reach your goal and resize it to daily steps so you know what each day to be your actions. Before going to sleep, make a list of the six things you will do the next day. In order of importance. 

9. Evaluate your actions. Evaluate every week and month of your progress. What went well, what can you improve. If you get stuck, ask for help. If something is not working, try something new. Do not be afraid to try new things. 

10. Never give up. Everything takes time, focus on your actions and not too much on the result, if you do your everyday actions and learn from it, then the result.

To your success
Bobby