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FREE E-Courses

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FREE E-Courses

E-courses are a great way to learn a new skill - or just brush up on sound old ones - as they allow you to learn one bite at a time. Just like eating an elephant!

 

So here are some FREE E-courses we've found on a range of self-help topics. A word of advice though, just do one at a time so you can really focus on the one course - just bookmark this page or write down the links so you can do the others later.

 

Goal Setting E-Courses

 

The goal setting website www.achieve-goal-setting-success.com offers 3 E-Courses on the 'how-to' of goal setting.

 

Each Course has 7 lessons for you to work through at your own pace, so you won't be overwhelmed by all the information on this site. The course also refers you directly to the relevant pages of the website if you do need more information on a particular topic.

 

There are 3 courses available:

  • Goal Setting: Foundations and Keystones - this course helps you work through the foundations and keystones of the goal setting process by helping you understand what's really important to you and how YOU influence your own goal setting destiny. This course is great for goal setting beginners!

  • Goal Setting: Making your Roadmap to success - this course is a natural progression from the Goal Setting Foundations E-Course and helps you turn these strong foundations into achievable goals through the effective and proven process of SMART goal setting and action planning.

  • Goal Setting: Mini Course - this is a shorter version of the above 2 courses rolled into one simple E-course. This course is great if you already have some goal setting experience under your belt and understand the basics of the goal setting process. The course refreshes the most important parts of the goal setting process, so you don't lose your way.

So just pick the one that suits you the best - you can always try the other ones later!

 

Personal Finance E-Courses

 

The personal finance website www.your-money-and-finance.com offers 2 E-Courses on the 'how-to' of personal finance. Each course gives you 7 lessons, one lesson per week.

 

There are 2 courses available:

  • "Healthy Finances" - the Healthy Finances E-Course helps you work through the foundations of good, solid personal finance by helping you understand the basics - budgeting, saving, debt management, investments and more.

  • ”The Belt Tightener” - We all need to reign in our expenditure from time to time and "The Belt Tightener" E-Course that steps you through over 100 ways to save money is just the tool to give you a helping hand.

So just pick the one that suits you the best - or do them both!

 

Other Self-Growth E-Courses

Whatever you want to achieve in life, the FREE "7 Part Affirmation Course" from AffirmWare can help you get there.  Affirmations have long been recognized as a powerful tool for manifesting desires. In fact, people from all walks of life - from Personal Development coaches and sales professionals, to religious leaders and peak performance experts (like Anthony Robbins) promote the practice of affirmations. And this FREE course is packed with practical suggestions to get you started.

Or if you want to learn how to use Mind Mapping techniques effectively, then register for this FREE Video Training Course from NovaMind. It goes through the 18 main uses of Mind Mapping and gives you in depth information about how to benefit from using Mind Mapping for each of those purposes.

And finally there's the Rich Dreams E-course - another 7 part course on how to attract wealth and abundance through positive thought. Recommended though as the more informed you are, the more you'll be able to apply these theories. Rich Dreams has also supplied an article for this site on "The Big Secret".

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FREE Stuff for Goal Setters

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We are always on the look out for websites that offer great downloads and FREE stuff for goal setting and success. Here are some of the ones we've found and recommend - and yes, they're all FREE (and obligation free too - they are all safe for you to try):
  • 7 FREE Lessons on the Science of Getting Rich - this is a great introduction to applying the science of getting rich and gives you enough to really get your teeth into it and start making a real difference in your life.

  • Accelerated Wealth Attraction sessions guaranteed to at least triple your wealth in 40 days or less using the Law of Attraction.

  • "Break Free Now" - an e-book by Mohamad Latiff. The book will show you how to free yourself of what's holding you back so you can achieve your full potential.

  • Brian Tracy's 21 Success Secrets of Self Made Millionaires - Brian Tracy is a success guru and in this CD of free stuff he gives away all of his secrets for success!

  • Get a FREE copy of the ebook "Super Dream System" and learn more about dreams and Dream Programming, possibly the simplest and most potent technique taken from the incredible research of Jim Francis. The ability to cure your mind and body whilst sleeping.

  • FREE Audio E-book: How to Create a Sense of Urgency! - Your ability to create a sense of urgency will have a far reaching impact throughout all areas of your life. This dynamic audio presentation from The GoalsGuy shows you how!

  • FREE Audio E-book: The Anatomy of a Goal - In this fast-paced audio presentation The GoalsGuy will teach you the three mandatory components of goal achievement and success. Great ideas on mastering the fundamentals!

  • E-Business e-books from SBI! - you'll find some of these in the ToolBOX in the section on E-Business Tools, but the SBI! website has several more FREE e-books on various aspects of establishing an internet based business. I recommend "MYLW" [Make your links work] - invaluable advice for ALL websites, commercial or not - and "MYCPS" [Make your content pre-sell] for great advice on how to write 'internet' style

  • "5 Success Secrets" by Arina Nikitina. Try this e-book to help you understand why you may not be achieving your goals, or help you understand what you're doing right so you can keep doing it right!

  • FREE ebook "How to set SMART goals and get your mind focused into action".

  • Affirmation E-Course by Affirmware - Affirmations have long been recognized as a powerful tool for manifesting desires. This FREE course is packed with practical suggestions to get you started.

  • Mission statement generator - writing mission statements is often the most difficult part of effective goal setting, so try this free generator to give you a hand.

  • Rich Dreams E-course - another 7 part course on how to attract wealth and abundance through positive thought. Recommended though as the more informed you are, the more you'll be able to apply these theories. Rich Dreams has also supplied this article on "The Big Secret".

  • Manifesting - a FREE E-book on the principles of successful manifesting. Get a copy of it here.

  • FREE e-book on Time Management - "The Time Management Secret that will Set you Free", including links to 5 other free ebooks on time management.
  • Free 3 Minute Self improvement Evaluation Quiz. With only 8 questions, customized results, graphic representation of your life, and recommendations for improvement - it is worth the visit.

  • YouPublish - a free site where you can upload your own documents, music, images, ebooks, whatever and share them, sell them and promote them. And of course you can find heaps of FREE stuff here too.

  • Goal reminder service - this FREE service allows you to register 3 goals and then you will receive monthly reminders of these goals so you can monitor your progress or just be triggered to do something to achieve them. Also check out the Free e-book available on this website.

  • Corporate Healer - has some free stuff on motivation, inspiration and goal setting generally.

  • The Productivity Kit from the time-thoughts website - this kit helps you make the most of your time.

And you can also get a FREE copy of "How to Make your Dreams come True" by Don Loyd, as a gift when you sign up for the monthly newsletter "The Goal Kicker" - you can subscribe using the sign-up box here, and you'll receive the link to download this great book in your first issue.

Some goal setting software packages also have free trial offers - these are worth trying, even if you don't plan to buy. Why? Because simply by working through the software, you're learning the process yourself. You may realize that you can get the same result just by using your home computer or a non-computerized system. I recommend trying the FREE 30 day trial software from Goal Pro and Achieve Planner - you have nothing to lose!

And don't forget to check out all of the FREE stuff in the ToolBOX or try the websites recommended on our Links page for more information and "how to" advice on goal setting and success.

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mind mapping

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Mind Mapping and other Decision Making Techniques

Mind mapping is a concept developed by psychologist Tony Buzan and has developed into a popular tool for helping us think 'laterally' - it's essentially a type of brainstorming.

The limitations of traditional brainstorming are in its structure. By default, the output from brainstorming is a set of top-to-bottom and left-to-right lists on a page or over several pages. This automatically creates a bias in your mind that the item on the top of the list is the most important, when this is not necessarily the case.

The brainstormed lists also don't reflect the inevitable and complex connections that exist between topics. Without a link, the relative importance of this item on the list may be lost.

The concept of Mind Mapping [also called concept mapping] is based on a central idea written in the centre of a page, then related ideas are added on branches that radiate from this central idea. Because of this structure, it requires all ideas to be connected to the centre and allows connection to one another, providing opportunity for convergent thinking, fitting ideas together, as well as thinking up new ideas.

And by focussing on key ideas written down in your own words, and then looking for branches and connections between the ideas, you are plotting your thoughts and ideas in a way that will help you understand and remember the information. Keep the following points in mind when creating a Mind Map:
  • Don't think too much about structure as you're preparing the map - just let it flow as you work through the process
  • Work through it quickly to keep up the flow of ideas
  • Keep the points brief - you can expand them later
  • When you get a new idea, add a new branch line
  • Use sketches, images and pictures (if you can) - it makes it easier to remember and more personal, but make sure it doesn't slow down the brainstorming flow. ClipArt is great for this!

Once you've got it all down, stand back and take a look. What's missing? What are the recurring ideas? Where are the connections?

Continue! It's a work in progress. 

 Mind Map Video Training - and it's FREE! If you want to learn how to use Mind Mapping techniques effectively, then register for this FREE Video Training Course from NovaMind. It goes through the 18 main uses of Mind Mapping and gives you in depth information about how to benefit from using Mind Mapping for each of those purposes. The course covers:

  • How to take notes effectively using Mind Mapping
  • How to prepare and deliver great presentations using Mind Mapping techniques
  • How to create Mind Mapped to do lists
  • Problem solving using Mind Maps - from simple to complex problems
  • Decision making - how to make great decisions confidently, no matter how difficult the decision is
  • Information and knowledge management and how to get the most out of what you know
  • Project planning and management using Mind Maps
  • Creative thinking and brainstorming
  • How to write articles, technical documents and books using Mind Maps
  • Business and strategic planning using Mind Maps
  • Life management and goal setting

Did I mention it's FREE? Register here.

NovaMind has also written a comprehensive book on the 'HOW TO' of mind mapping. This book is not just for NovaMind mapping software but is designed for anyone who needs to be more organized and efficient at life or who is looking for something to help them with their problem solving or pitching ideas. The book does refer to the NovaMind software for examples, but you can apply the principles in this book to other mind mapping software and to the good old hand drawn versions too!

You can get a copy of the book here.

Mind Mapping Software A Concept or Mind Map is a useful tool not only for goal setting but for planning of any home or work project - and you can prepare one on the back of an envelop, on a whiteboard or in a notebook.

But if you haven't got the knack of drawing the map yourself (don't worry, a bit of practice and you'll get there), here is some great software you can use.

NovaMind is an excellent graphical tool for mind mapping and works wonderfully simply in a way that almost hides its complexity and wealth of intuitive features. It provides excellent value for money and is under active continuous development and improvement. You'll have no regrets buying this software for your mind mapping needs. And you get great support from the company too!

And best of all, you can get a 30 day free (and obligation and risk free) trail - just click here.

Mind Mapping on your iPhone or iPod For all you iPhone and iPod addicts out there, it is now possible to prepare mind maps on your portable with iBlueSky Mind Mapping for iPhone and iPod Touch integration with NovaMind.

The first release of the integration is being rolled out in two stages - firstly with the ability to create your Mind Maps in iBlueSky and send them as NovaMind files that you can open up directly in NovaMind to use the full power of NovaMind. The second stage is expected to be available soon, and will include the ability to also send a NovaMind file to iBlueSky, so there will be a two way round trip possible between the two applications.

Having a great Mind Mapping application in your pocket, available at any time is great for ad-hoc Mind Mapping, making your to-do list on the go, brainstorming new ideas wherever you are, taking notes in meetings, and so on.

But the real power comes in when you combine it with a fully featured Mind Mapping program like NovaMind so that you can enhance the Mind Maps with great graphics, full color control, different branch shapes, and add to the depth of the data with branch notes, hyperlinks to web pages and other supporting documents, as well as task information, and you have all the ways of using the Mind Maps like using the NovaMind presenter, exporting to MS Word, Powerpoint, Keynote, Merlin, MS Project etc.

Sticky Note Mapping

A variation to the traditional mindmap and the software versions, is something called 'sticky note mapping'.

As its name suggests, it involves the use of sticky notes - lots of them. Sticky note mapping is a brainstorming technique based on the mind map principle, that allows you to 'storm and sort' your ideas without having to re-work your mind map or edit your mindmap software.

To do a sticky note map, you'll need a large section of blank wall or something like a whiteboard, and lots of sticky notes. Using a variety of sticky note colours and sizes, simply jot down all your thoughts on the sticky notes - with each new thought or concept on a new sticky note.

As you write down your thoughts on the sticky notes, stick them up on the wall or whiteboard - you can group them into similar themes as you stick them up, but the best thing about using sticky notes for this map is that you can move them around as your thoughts develop.

Like mindmaps, once you've jotted down all your thoughts and stuck them on the wall, look for branches and connections between the ideas. What's missing? What are the recurring ideas? Where are the connections?

When you've sorted the sticky notes into a map that makes the most sense of your thoughts, you can either take a photo of it as your record, or draw it as a real mind map (or use the mindmap software available).

Sticky note mapping will give the same outcome as mindmapping, but is a good technique if your're really not sure where to start with your mind map.

Brain Storming

Brain storming is just a process for identifying solutions to problems and options to pursue. You can brainstorm anything - from what you're going to have for breakfast to how to solve that complex problem you've been sweating over.

Brainstorming is best done with more than one person, so your ideas can bounce of each other and trigger new ideas - a bit like 'cloud seeding', where someone else's idea can be the seed for a downpour of your own ideas.

And of course, the brainstorming as a group means that if one person is having a drought, the ideas can continue to flow. Now we're done with our climatic references, here are some other pointers for brain storming:

  • Write down everything - you won't remember all the ideas you come up with, so write them all down. The concept of 'sticky note mapping' works well here - write down all your ideas on a sticky note [one idea per note] and stick them up on a wall where everyone can see. You can then sort and group the ideas for further analysis.
  • Consider all ideas - no matter how stupid something sounds [so did dental floss when it was first mentioned], it needs to be considered. You never know where a silly idea will take you!
  • Ignore personal biases - brain storming is a time for getting ideas out of people's head. Don't be tempted to discount someone ideas because you don't like them or because you don't think they're up to the task.
  • If you stall during the brain-storming process, revisit all the ideas written down so far and see if this triggers any new thoughts.

When the brain storming comes to an end, it's important that each idea is considered for its suitability to the particular problem at hand.

Group similar ideas and discuss them together, cross off ideas that just won't work [but only after looking into them first] and select a few of the best ideas to develop further. Ideally you only want half a dozen ideas to pursue - too many and you'll just get bogged down, too few an you may not have enough flexibility.

Of course, one of the best - and simplest - ways to analyse ideas developed during a brain storming session is to use a 'Pros and Cons' matrix, where you just simply list all the pros (the advantages or good points) and cons (the disadvantages or bad points) with the option.

If you're comparing options, read through all the pros and cons and make sure you've captured them all consistently through all the options. For example, if one option lists ''cheap'' as a Pro, then make sure all the other options list either cheap or expensive as a pro or con. By cross-checking this way, you'll have a true representation of which option is better than the others.

For more information, check out www.achieve-goal-setting-success.com - this site gives you all the FREE tools and advice you need for achieving your own personal success through goal setting.

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What we can learn from the Military

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What we can learn from the Military about Decision Making

The Military has developed a process for problem solving, called the 'Appreciation Process'. It's called this [rather than the logical Problem Solving Process] because it implies that the user appreciates all aspects of the problem trying to be solved, before making a decision.

It's a five step process - but really just a more formal version of brainstorming - described as follows:

Define the problem This is best done using the 5WH method, that is by considering the what, why, where, when, who and how of the problem.

  • What exactly is the problem you're trying to solve - is there in fact a problem? Write it down in specific terms so that it can be clearly understood.
  • Why is it a problem?
  • Who else is impacted by the problem, or needs to be involved?
  • When do you need to solve this problem? How long have you got?
  • Where is the root of the problem? Or what is the root of the problem?
  • How do you feel about the problem?

Examine the facts What are the factors that influence how you solve this problem - lack of resources, time or money?

The trick with examining the factors is to determine exactly what each one really means to your problem. And you can do this simply by asking the question "So what?" after each factor.

I don't have any money to go out to dinner. "So what?" So, I need to go to the bank before the dinner date. "So what?" So, I need to leave now! And so on, until there are no more "So whats?"

Brainstorm options Once you have a thorough understanding of all the facts, and what this really means - you can start brain storming options for solving your problem.

Pros and Cons List all the pros (the advantages or good points) and cons (the disadvantages or bad points) with the option, including how you personally feel about each option.

Preferred Option Based on your pros and cons, what is the best option? ...and more importantly, what is your next step?

Once you have your preferred option, prepare your step-by-step plan to achieve it - and hop to it!

What we can learn from the Military about giving instructions

And while we're talking about the military, check out the SMEAC system as a way of documenting the outcomes from your decision making process.

The SMEAC system is yet another acronym borrowed from our mighty Military [they do a pretty good job, so we may as well learn something from them!] and is short for:

S Situation
M Mission
E Execution
A Administration and Logistics
C Command and communications

The Military use the SMEAC system to document their orders and instructions for field operations, so that they can pass this information on to their troops.

While you probably don't have a personal army at your disposal, there are times I'm sure when you need to give a colleague or even a family member or friend instructions or directions for a task or project - and this system is ideal!

Situation This is the background to your problem, or a description of what has happened. What were the events leading up to where you are now?

Again, consider the 5WH of the situation. What has happened? Why is it a problem? Who else is involved? When did it happen/ sequence of events? Where did ti happen? How did it happen?

The point of this part of the process is to provide a snapshot or background to the following set of instructions.
Mission So now we know what has happened, the mission is what we need to do about it. The mission should be a short, clear and concise statement of what you want to achieve - "Our mission is to organise the Christmas Party".

At this stage, there's no need to include any detail - because that's what the EA&C is for.

Execution Execution is the "how" part of the plan - how you are going to achieve your mission.

Detail the steps required, and again 5WH applies.

What are you going to do? Why? When? Where? Who is involved? How?

The execution part of the process is usually the longest and should provide sufficient information to allow you [or your team] to go and do the job.

Administration The military term is actually "Administration and Logistics" and is about what resources you need to do the job, and how these resources are to be coordinated.

Command and Communications This is the who's who of the job - who's in charge, who do you report to, and how you communicate with each other.

For more information, check out www.achieve-goal-setting-success.com – this site gives you all the FREE tools and advice you need for achieving your own personal success through goal setting.

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Mind Mapping for Goal Setting

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,A mind map for goal setting is a great tool for brainstorming your wishes and desires.

To do a Mind Map for goal setting, all you need is a large piece of clean paper. Make sure there are no lines on it (as that will impose a 'structure' on your thinking, which we don't want) or if there are lines, turn the paper so that the lines are vertical.

In the center of the page, draw a circle and write in it in capital letters something like 'My Life'. This is the key thought for the Mind Map. Now, draw lines radiating out from this circle and at the end of each one of lines, write the name of a life aspect you want to consider. Leave lots of space so you can start to fill it in.

From here it's just a matter of jotting down whatever comes into your mind for each of the life aspects - this is the brainstorming bit!

The thoughts and ideas you need to get down in this Mind Map for each life aspect are:
  • The things you don't like about your life as it is.
  • The things you like about your life.
  • What you want to happen/ have.
  • What you don't want to happen/ have.
  • The 'gap' between your current life and your 'perfect' life.

As you jot down all your thoughts, you will see some common threads - connect these with lines and arrows (use colour so it's easy to follow).

This is an opportunity to reflect on where your life is and better still, get excited about the things you want to do and where you want to take your life. That's the whole point of effective goal setting - by making it personal, it really IS interesting and you should get a real buzz just thinking about the endless opportunities that await.

It's important to keep your Mind Map for goal setting handy - after all, it is a map of your inner most thoughts and desires. Keep it in a prominent spot and refer to it regularly.

Mind Maps have many other uses too - so it's a good skill to learn.

Mind Map Video Training - and it's FREE! If you want to learn how to use Mind Mapping techniques effectively, then register for this FREE Video Training Course from NovaMind. It goes through the 18 main uses of Mind Mapping and gives you in depth information about how to benefit from using Mind Mapping for each of those purposes. The course covers:

  • How to take notes effectively using Mind Mapping
  • How to prepare and deliver great presentations using Mind Mapping techniques
  • How to create Mind Mapped to do lists
  • Problem solving using Mind Maps - from simple to complex problems
  • Decision making - how to make great decisions confidently, no matter how difficult the decision is
  • Information and knowledge management and how to get the most out of what you know
  • Project planning and management using Mind Maps
  • Creative thinking and brainstorming
  • How to write articles, technical documents and books using Mind Maps
  • Business and strategic planning using Mind Maps
  • Life management and goal setting

Did I mention it's FREE? Register here.

NovaMind has also written a comprehensive book on the 'HOW TO' of mind mapping. This book is not just for NovaMind mapping software but is designed for anyone who needs to be more organized and efficient at life or who is looking for something to help them with their problem solving or pitching ideas. The book does refer to the NovaMind software for examples, but you can apply the principles in this book to other mind mapping software and to the good old hand drawn versions too!

You can get a copy of the book here.

Mind Mapping Software A Concept or Mind Map is a useful tool not only for goal setting but for planning of any home or work project - and you can prepare one on the back of an envelop, on a whiteboard or in a notebook.

But if you haven't got the knack of drawing the map yourself (don't worry, a bit of practice and you'll get there), here is some great software you can use.

NovaMind is an excellent graphical tool for mind mapping and works wonderfully simply in a way that almost hides its complexity and wealth of intuitive features. It provides excellent value for money and is under active continuous development and improvement. You'll have no regrets buying this software for your mind mapping needs. And you get great support from the company too!

And best of all, you can get a 30 day free (and obligation and risk free) trail - just click here.

Mind Mapping on your iPhone or iPod For all you iPhone and iPod addicts out there, it is now possible to prepare mind maps on your portable with iBlueSky Mind Mapping for iPhone and iPod Touch integration with NovaMind.

The first release of the integration is being rolled out in two stages - firstly with the ability to create your Mind Maps in iBlueSky and send them as NovaMind files that you can open up directly in NovaMind to use the full power of NovaMind. The second stage is expected to be available soon, and will include the ability to also send a NovaMind file to iBlueSky, so there will be a two way round trip possible between the two applications.

Having a great Mind Mapping application in your pocket, available at any time is great for ad-hoc Mind Mapping, making your to-do list on the go, brainstorming new ideas wherever you are, taking notes in meetings, and so on.

But the real power comes in when you combine it with a fully featured Mind Mapping program like NovaMind so that you can enhance the Mind Maps with great graphics, full color control, different branch shapes, and add to the depth of the data with branch notes, hyperlinks to web pages and other supporting documents, as well as task information, and you have all the ways of using the Mind Maps like using the NovaMind presenter, exporting to MS Word, Powerpoint, Keynote, Merlin, MS Project etc.

See this page on Squidoo.


Goal Setting Guide 2009

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There is something about "new" that keeps our thoughts occupied with new resolutions, new dreams, new hopes, new plans and new wishes. New Year gives a perfect starting point for opening the next chapter of our life and making it better and brighter than the previous one.

 

Unfortunately not all of our dreams and desires become reality. Keeping the initial enthusiasm and motivation over the long period of time is often tough. If you have made resolutions last year you probably know how difficult it is to stay committed to them.

 

The reason why so many people give up on their New Year's resolutions almost as quickly as they make them is simple.

 

While resolutions for the New Year give us a wonderful sense of positive intent, they are extremely hard to stick with unless we turn them into clear, well-defined goals.

 

Here are some goal setting tips that will help you to stay on track with your resolutions and make the upcoming year unforgettable:

 

1. Get It Right The First Time

 

Before trying to formulate any actual long-term goal for the next year have a 'mind dump'. It's a great and simple way of getting a lot of ideas out of your head, clear your mind and get a good view of your plans, decisions, and wishes.

 

Devote at least 20 minutes of your uninterrupted time to brainstorm. Sit down and relax. Take a piece of paper and write down whatever goals come to your mind. Don't analyze anything. Just write it down. Big or small. Simple desires or life changes. Everything you wish you had gotten to, but didn't. Anything you wanted for a long time, but never had enough time, courage, or persistence to follow through.

 

2. Pick Your Goal!

 

Take a look at the goals that you have written down - Are any of your resolutions unrealistic? What is the most important goal for you at the moment?

 

I'm sure that there are many goals that you would like to accomplish, but only few of them will have the biggest impact on your life this year.

 

Which goal is it? Is it something that can be achieved in one year? Or will it require more time? If it is a long term goal that will take several years to achieve, you might want to break it down into smaller goals that you can accomplish in less that a year. Otherwise, there is a high chance of losing motivation and initial momentum.

 

3. Concentrate Your Efforts On JUST ONE Goal

 

Don't set a lot of different goals at the same time. Although it may seem like a good idea to divide your focus, time and energy between multiple goals, in reality it is counter-productive.

 

When you set a goal - you make a decision to stay committed to it. If you are pursuing a lot of goals at the same time, you aren't committed to any of them. You're just going with the flow, hoping that you'll find time to squeeze everything into your already busy schedule. But what you do in reality is lose control of your time and let outside circumstances dictate your life.

 

One goal gives you clarity and focus. Ten goals create chaos and  confusion.

 

If you want to succeed in achieving your goal next year, chose just one goal at a time and stick to it until it is 100% complete. Then pick the next one.

 

I know that we want to have everything right this moment. Most of us are impatient by nature. But think about this: It is much better to achieve one major goal than set 10 goals and fail to accomplish any of them!

 

4. Create Your Mantra

 

Once you've chosen your goal, turn it into a personal statement. And then turn it into something more than a statement - make it your own mantra or a verbal formula that is continuously repeated in your mind.

 

Make sure that you make your goal as detailed and clear as possible. There is a great way to check if your goal is stated correctly. Look at your goal "from the distance". Forget that you have written these words just a few hours ago. Imagine that you see this statement for the first time, because your friend wants to know your opinion on it. Do you have any questions? Or maybe you would like to clarify a few things? If so, make adjustments to your goal, until it is 100% clear to everyone who reads

it for the first time.

 

After that put copies of your goal on an index card, make it your desktop wallpaper, post it in the car or right next to your bathroom mirror or next to your computer at work.

 

Ensure that your goal is always at a forefront of your mind. Repeat it out loud every single day. Make your goal a center of your focus.

 

This will help you to keep your motivation and excitement high throughout the day.

 

5. Decide On An Action Plan

 

Many people fail to achieve their goals not because they lack desire or enthusiasm, but because they fail to plan their success out.

 

Goals are not simple items on your to-do list. They can't be done overnight. Any worthwhile goal requires sustained effort and energy over the long period of time. Without a well-thought action plan it is almost impossible to carry big goals out.

 

If you want to noticeably improve your chances of success - plan specific actions that will lead you to the desired result. Your goal should be your compass that will point you into the right direction.

 

Your action plan is a detailed map that with the baby steps will take you to your destination point. Action plan also helps you to monitor your progress, while giving you a sense of accomplishment and making the whole process seem a lot easier.

 

6. Make Your Success Inevitable

 

Even if the goal that we have chosen sounds really appealing, it doesn't mean that we will stick to it. When it comes to doing actual work, our motivation disappears with a speed of light.

 

Here is a quick example. Having a beautiful, toned and slim body is a very inspirational goal. We all want to be healthy and look great. However, getting up early in the morning to run 1 mile, denying ourselves things we love to eat, changing our lifestyle sounds much less appealing. At this point we have to consciously force ourselves into doing all these things to get the end result that we want.

 

Of course, if you have an iron will and unbending self-discipline, you will achieve your goal anyways. But if you are like me, you probably won't torture yourself for a long period of time. Fortunately, there is a way how you can accomplish anything you desire, without having to force yourself into doing something.

 

All you have to do is set up the right conditions and let things happen for themselves.

 

For example, if you want to get more exercise, you can find a friend who wants to get back in shape and offer him/her to exercise together. Or set up an appointment with a personal trainer at the gym. He will stay by your side the whole time and you will more likely do your best. Or you can make a deal with your spouse that every workout that you'll skip, you'll give him/her $40.

 

Leave yourself no escape from achieving your goal. What conditions can you set up to make your success inevitable? With a little imagination and support of your friends and family you can accomplish any goal!

 

7. Build On Your Success

 

No matter what goal you have decided to pursue, there is only one way to achieve it - take a first step and build on your success gradually.

 

There is no way around it. You can't become a multi-millionaire without making your first million. You can't get in shape and have a gorgeous looking body, without doing the first workout. You can't write a book,

without writing the first chapter.

 

Whatever you want to accomplish you must do something every single day towards making your wish reality.

 

Even if you do just a little bit. Something that doesn't require a lot of your time of effort, but you do it DAILY, you will achieve even your most daring goals.

 

Don't let a single day go by without "incrementally" adding to an accomplishment of your goal. Consistency is the most important factor of success. Not motivation, not knowledge, not your skills - but consistency.

 

When we are first faced with everything we must do in order to achieve our goal it is easy to feel overwhelmed. When a goal seems too difficult to accomplish we often procrastinate, preferring to postpone hard work for later. The problem with it is that "later" may never come.

 

The only moment when you can change or do something is NOW. Don't delude yourself with self-justifications that it is ok to skip today, if you do twice the work the next day. Deep down you know that it is just another story that you are telling yourself.

 

January 1st is a great starting point to change your life for the better. Make no excuses next year! Do something that will take you closer to your goal every single day.

 

Even a tiny step towards your goal creates momentum and boosts motivation. And it is a step that you will never have to take again.

 

If you want to find out more goal setting tips watch 2 free

videos at - just click here.

The Success Squid

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Squidoo is fast becoming one of the net's largest source of articles on a wide range of topics - including goal setting and success! And if you love BusinessBalls Space then odds are you'll love Squidoo too.

Squidoo is FREE to join and participate in, and operates on the basis that everyone is an expert in something - the site even offers a FREE ebook on why even YOU are an expert in something.

On Squidoo you can:

  • Search for and read over half a million existing lenses on a wide range of topics - you can even rate the pages and make your favorites.

  • Write your own webpages (called a lens) for the world to see, and submit it to Squidoo groups on related topics to promote your page.

  • Raise money for charity (or yourself) through on-page promotions such as Amazon and Adsense (administered by Squidoo so they get a cut too).

  • Participate in the Squidoo community with blogs and forums.

So we caught the Squidoo bug and set up a Squidoo group called The Success Squid dedicated to compiling all the success related articles we can find on Squidoo.


And if you're already on Squidoo, then we'd love you to visit our group and all the lenses in it - and maybe even submit your own success lens to it!

5 Tips to manage your time effectively

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Time is the most powerful currency of the 21st century. And this powerful currency demands much of our attention. Unfortunately, most people never make use of this remarkable resource we have - our time.

 

All you need to do is manage your time now!

 

Here's some tips to help you make the most of your time every single day:

 

1.Break down large tasks into smaller ones: We all know the feeling of staring at a new complicated project feeling overwhelmed and wishing we were anywhere but here. But, even complicated tasks are not impossible to handle. In fact, most tasks become unbelievably trivial once we break them down into small pieces. Get into the habit of breaking down your tasks into small ones and tackling each individual part one at a time. This will help you stay calm as well as it will help you accomplish your goals without the urge to procrastinate.

 

2.Get rid of unproductive routine tasks: This included getting up each morning and checking your email. Do not start your day on somebody else's agenda. Get out there, take some time to focus on the goals for the day and then start working on them. Do routine tasks during slow times of the day. For example, check your emails right after lunch.

 

3.Look at your habits to see if they could be changed, maybe you could do certain things different ways and save yourself some time in the process.

 

4.Evaluate yourself to determine if you are a morning person or night person and organize tasks to use whatever time suits you best. I am usually the most productive at night or after 10 AM and that is exactly why I work on my most important goals during those hours. Two hours of focused work is far more valuable than 10 hours of unfocused work.

 

5.Learn to say NO: One of the biggest secrets of success is leadership. You need to be able to become a leader and say NO when someone asks you for a favor that can take considerable amount of highly productive time from you.

 

You need to be very cautious about where and how you spend your time. Time is the most precious resource you have and you need to stop wasting it and start treating it like gold.

 

Resources:

You can learn more about how to manage your time to achieve all your goals by reading this FREE ebook - "The Time Management Secrets that will Set You Free".

See this page on Squidoo.


wealth creation principle

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Wealth Creation

Wealth creation means different things to different people - it could be about new investment opportunities, building assets or just simply making more money to fund your lifestyle. But whatever your idea of creating wealth is, there are some things you need to know first. You need to know:

Wealth creation is a serious commitment to your future and your family's, but there are risks - so make sure you do your homework and create wealth in a way that suits you and your family and minimizes your risks.

Before embarking on ANY wealth creation strategy, we strongly recommend that you see your accountant or a reputable financial advisor, who can discuss the options that suit you best based on your financial background and history.

Investment Principles and Terminology - How Investments Work

To understand how investing works, you need to understand the following investment principles:

Rate of Return: The rate of return from an investment is simply the % of your initial investment value that you expect to make from the investment. If you put money into a bank account that has an interest rate of 5%pa, the rate of return is 5% pa. That means if you put $100 into this bank account, you will make $5 in interest per year. The higher the rate of return, the more money you make from the investment. Which leads me to the next concept...

Risk and Return: If you make more money from investments with a high rate of return, then why not put all your money into high return investments? Well the answer is that the higher the rate of return, the riskier the investment. Betting on a horse at 10:1 is a risky bet, but boy would it return well if it won!

All companies want you to invest money with them. High risk companies really want your money so they can expand or for doing research into their products. But because they are high risk, they know that people are less inclined to invest money with them. So they offer an incentive by offering a higher rate of return. Investments with a high rate of return are good, but remember that there is a risk that you may lose money on them.

Generally, the older you get, the safer the investments you make - because you've got more to lose and less time to regain any losses. The golden rule with investing money in high-risk ventures is to never invest more than you're prepared to lose - because you might. The second golden rule is to diversify your investments [that is, invest in a wide variety of investments], so if one fails you don't lose everything.

Compound Interest/ Growth: You may have seen the episode of "Futurama" where Fry checked is old bank account after 2000 years, and it went from 79c to $40 million - well that's the power of compound growth, which quite simply is when you reinvest a 'return' into the same investment.

For example, if you put $100 into an investment that returns 10% every year, you will return $10 every year. If you put this $10 back into the same investment, you will start returning more and more every year as you start making returns on the returns. And the higher the rate of return, the better the result!

Capital Growth: Capital growth occurs when you own something and the value of that something increases over time. For example, if you purchase a house for $100,000 and sell it for $120,000, you have experienced a capital growth of $20,000 or 20%. The same applies to shares for example, if you purchase shares for $1.00 per share and sell them for $1.20 per share, you have experienced a capital growth of 20c per share or 20%.

Multiple Sources of Income: Most of us earn money through a paid job. We essentially get paid for our time, so to get more money from our job requires us to either get a higher pay per hour, or to works longer hours. Now the industry you work in probably has a pretty well established pay rate system, so unless you're a super-stellar performer you aren't likely to be able to command a significantly higher pay rate (although you may be able to negotiate a moderate increase in your pay if you can demonstrate your value to your employer).

And similarly, there are only 24 hours in a day, and you don't want to spend all of these at work! So you can only increase your wealth so much from your job. The point here is that, unless you're in a job that has an astronomical salary, to create real wealth requires multiple sources of income that don't rely on the typical dollar per hour method of pay.

So investing in mutual funds, stocks, bonds, etc are ways of increasing your wealth, without increasing your time input. This is the concept of multiple sources of income.

Stocks: Stocks or shares represent an ownership or equity position in a corporation and are the riskiest investment you can make as it is subject to company performance. When you buy stocks you have a share in the company's assets and profits, which are distributed to shareholders as dividends. Share prices will grow as the company grows (hopefully), so you can also make a profit when you sell your shares.

Stock investments are therefore typically long term investments so you can make a return on the sale of the shares, although you also need to consider the returns as dividends along the way. Some people trade shares on a daily basis (called day-trading) to capitalise on the daily fluctuations in share prices - this is a highly risky activity, but can be highly rewarding.

Bonds: Bonds are debt instruments issued for a period to raise capital for the issuer by borrowing money from investors. The federal government, states, cities, corporations and many other types of institutions sell bonds. With a bond note, the issuer is essentially promising to repay the amount borrowed along with interest on a specified date (maturity date). It's just like a normal house loan, where you borrow money you're going to pay off over a period of time with interest.

Therefore, bonds are a much more conservative investment as they have a more-or-less guaranteed return. Because they are lower risk than stocks, they usually have a lower rate of return.

Mutual Funds: A mutual fund is managed by an investment company that invests money belonging to a large number of shareholders in a selection of various assets, so it as a relatively easy form of investment. Mutual funds also give you a diversified portfolio managed by professionals.

Need to make more money?

If you've realised that you really need to make money [well, more of it anyway] to achieve your financial goals, there are a number of ways you can do it.

But what ever you try, remember the golden rules to make money:

Rule No. 1: You can't get something for nothing! You either have to put in effort (ie your time and skill) or cash.

Rule No. 2: High returns usually mean high risk - don't get tricked by high risk schemes and don't put in more than you're prepared to lose.

Rule No. 3: There is no such thing as a 'foolproof, get rich quick' scheme - they are all scams. The key thing to remember is not to let the pursuit of making more money cloud you vision - remember what really matters to you and make this your measure of success and happiness.

For more information, check out www.your-money-and-finance.com - this site gives you all the FREE tools and advice you need for achieving your own personal financial success.


debt management

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Loans and Debt

Loans and debt are as much a part of modern life as mobile phones and plasma TV's - as the saying goes, you need to spend (and therefore borrow) money to make money.

But like everything to do with money, you need to understand how finance works and how to use it to your advantage - without let debt taking control of your life! So what do you need to know about loans, finance and debt? You need to know:

So take control of your debt today!

The difference between good and bad debt

Debt is simply an amount of money you owe someone else for something you've already purchased - it could be a house, car, items purchased by credit card, personal holiday or something for your business.

Now, the concept of investing is that to make money, you need to spend money. Many people actually borrow money [and therefore go into debt] to put into investments such as shares and even managed funds.

But this is 'good debt' because it is off-set by your return on investment - provided of course, you picked a wise investment! Other examples of 'good debt' are house loans, because your house is also a valuable asset in your wealth portfolio and car loans -although cars depreciate in value, they are usually essential for getting to work, etc. and therefore considered a part of acquiring wealth. Student loans, debt incurred in the course of developing your career and business loans are all considered to be good debt.

Hence, good debts can be described as debts that help you build wealth.

Bad debts are loans or credit with no tangible 'asset' or for an asset of little value - for example, taking out a personal loan for a holiday is considered bad debt as you have not accumulated any wealth from it. And taking out a loan for an 80 inch plasma TV is also bad debt as it depreciates in value (like a car) but unlike a car, doesn't help you build wealth. Debt that arises from the over-use of credit cards is also bad debt as this debt typically arises from lots of small purchases with no real value.

Hence, bad debts are those that don't help you build wealth.

How to avoid debt

Of course, not letting yourself get into excessive debt is the best way to manage your debt. So consider the following tips to avoid debt:
  • Avoid bad debt - if you can't afford that plasma TV, don't get it! Save up for it instead.
  • Don't be tempted by In-store finance - even if it's interest free and no repayments for 12 months, unless it is something you really need, don't get it. It's better to save up the money and then negotiate a better deal for paying cash.
  • If you do take up an in-store finance offer, fully pay off the debt during the interest free/ no repayment period so it doesn't become a big debt once the interest charges start.
  • Be very careful with credit cards - they are very convenient for groceries and paying bills, but the risk is you spend more than your budget.
  • Only use credit cards for your day to day purchases and NEVER use them as credit for a 'loan' - they attract huge interest rates and it will cost you heaps.
  • Always pay off your credit card bill every month to make the most of the interest free period and so you don't get charged interest for your groceries!
  • Only go into debt as much as you can afford to repay. Don't be tempted by non-bank lenders if a bank has turned you down based on your ability to repay - they do this for a good reason and you should think very carefully about whether you can really afford to make loan repayments.
Remember that debt is not bad, it's all about how you manage it.

Understand your debts

You need to understand your debts to be able to come up with an effective personal debt reduction strategy. Debts are simply amounts of money that you owe to a financial institution - whether that be a bank or non-bank lender. Debts can arise from personal loans, house loans, credit cards and in-store finance cards.

The cost of the debt to you comes from the interest rate of the loan or credit card. For example, if you have a personal loan for $10,000 at an interest rate of 12%pa, every year you pay 12% of the amount remaining on the loan to the lender - $1200 in this case. This is the cost of the loan to you.

The higher the interest rate on the loan or credit card, the higher the cost to you.

In general, house loans have the lowest interest rate because you typically borrow a large amount. Personal loans are next followed by credit cards and in-store cards - and some of these have interest rates in excess of 20%!

Prioritise your debt reduction

Debts with a higher interest rate cost you more money than those with a low interest rate.

Your priority for debt reduction therefore needs to be to pay off the loans with high interest rates first. And these loans are usually for bad loans, since lenders won't give good rates where these is no asset they can repossess if you fail to make payments.

This usually means pay off your credit card and in-store cards first, then personal loans (including car loans) and then house loans.

When you're out of your depth

When you are truly out of your depth when if comes to sorting out your debt then get urgent financial advice from a debt counselor. Too many people think that they can solve all their problems themselves - but it's important to know when it's time to get help.

For more information, check out www.your-money-and-finance.com - this site gives you all the FREE tools and advice you need for achieving your own personal financial success.


      kids and money

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      Kids and Money

      Studies show that the 10 years after leaving school are 'make or break' time in terms of kids and money - in this time we either set ourselves up for the future or spiral into debt resulting from unchecked spending on credit cards and unwarranted purchases.

      And this is made worse by marketing companies deliberately targeting our vulnerable youth, in the hopes that they haven't learnt about controlling their spending yet and that they will just buy their products on the spur of the moment. 

      No one wants to see their children spiral into debt, but by teaching your kids how to manage their money responsibly, you help them set themselves up for life! And it's never too late or too early to start teaching your children about money. In fact our kids will learn most of their financial habits by the time they are 12, so the sooner you start teaching them the basics the better!

      So here are some things you can do to teach YOUR kids about money:

      • Lead by example - your children watch and learn from you everyday, so where do you think they are going to pick up their money habits? Make it count and show them the right way to manage money.
      • Use pocket money or reward system as a teaching tool. It helps them understand the value of money, how to spend responsibly and how to set financial goals.
      • Teach your children the money basics - budgeting, saving, debt and credit.
      • Inspire their entrepreneurial potential and encourage them to THINK BIG about life's opportunities.
      Keep reading to find out more.

      Lead by Example

      Your kids watch every move you make - even with money! So teach them the RIGHT way to manage their money and lead by example. And they are never too young to learn! So try the following:
      • Shop with cash from time to time so they can see that money is a physical thing - not a seemingly bottomless pit on your credit card. This also helps them understand the concept of budgeting while shopping - you can't get what you can't afford, but you can prioritise what you buy.
      • Talk about the buying process. Show them how to compare prices to get the best value for money and explain that by doing so, you have more money left to save or spend on other items.
      • Show them your credit card statement (if youv're game!) and explain that whenever you use your credit card for a purchase, it will turn up on the statement. You may even be able to point out a few examples of purchases made for them. The important thing to stress at this point is that the total of the statement now needs to be paid from your pay packet - so credit cards really are a real cost.
      • Keep your financial records in order and discuss the family budget and finances openly with your kids so they see responsible financial management in action. Explain to them where the family income comes from and what the family expenses are including mortgage repayments/ rent, loan repayments, vehicle costs, living costs, investments/ savings and insurances.
      • Help them open a bank account for saving their money and teach them how to prioritise their spending - must have, should have, nice to have. They will quickly learn that they can only get what they can afford!
      • Other than the necessities of life parents need to provide for their kids, make your children responsible for their own purchases so they learn the value of money and how to set savings goals.
      • Whatever you do, DON'T give your kids a credit card or access to programs where they can accumulate huge debt without realising, such as unlimited mobile phone accounts â013 well, not until they are ready and educated about HOW to use credit facilities wisely.
      But the key is to just talk to your kids about money so that they know it is a normal part of life and that money management is just another lesson they need to know.

      Use Pocket Money as a teaching tool

      Pocket money (also referred to as an allowance) is one of the best ways you can teach finance and money concepts to your children and they can apply and experience for themselves how to manage their own money - we all learn best by doing!

      From about age 5, you can pay your kids pocket money in recognition for them doing their chores - naturally as children get older, and as they get paid a higher allowance, they should be responsible for more chores to help with the running of the house. You can also pay your children extras for doing extra tasks like washing the car!

      It's important though that your child understands why they are receiving an allowance, and what your expectations are. As well as giving children pocket money, help them plan what they are going to do with it - spend some, save some? Set financial goals with your kids.

      Teaching them the basics

      Teaching finance for kids is critical to their success as adults - children need to understand the cycle of money and the principles of modern finance. They need to understand that money has a value, money is earned, money needs to be saved to achieve long-term financial goals and needs to be budgeted.

      So teach them:

      The Value of Money

      Children don't always realise that money is valuable - they just see it changing hands as a means for buying things. For children to understand the value of money they need to learn that:

      • The supply of money - income - is limited. Pocket money or an allowance is a great way to illustrate this concept because they get the same amount of money - and no more - each week.
      • Money is only received in exchange for something - usually work effort. Again, pocket money can be used to teach this concept if you set chores for your kids that they need to complete in order to receive their allowance.
      • They don't always have enough money to buy what they want - so the value of saving money for these purchases by spending money wisely and by putting a little aside each week - is also an important lesson.

      A parallel lesson here is 'value for money' when it comes to purchasing items. Show them that they can make their money go further by comparing prices of different items and at different shops, and by shopping during bargain sales.

      Responsible Spending

      Adults don't always spend their money responsibly, and it may be a difficult lesson for children to understand. But if they can understand the value of money, then they can also begin to understand why they shouldn't just spend all their money on pay day!

      So help your child make a list of all the things they might WANT to buy, and another list of things they NEED such as lunch money. Remind them that they really don't need a pony! With the WANTs list, prioritise them into 'really really want' and 'just nice to have'. This way, you're starting to introduce the concept of spending priorities.

      Financial Goals and budgets

      Setting financial goals is something we should all do - including our kids - and this should be part of the budgeting process. In other words, help your children set financial goals, and then use budgeting as a way to achieve them.

      Financial goals may be short term goals that they can achieve in the foreseeable future - up to say 6 months to 1 year ahead - and may include a savings goal for a computer game, special toy or event. Long term goals are harder, because they take longer to achieve - up to 5 years for a child's long term goal such as buying a car, paying for a special school trip or even a big 'toy' like a bike depending on how your child is.

      Help your child set a budget based on their income and financial goals.

      It’s not all about the money

      It's easy for children to get the message that money money money is all that's important. But we all know that money is just a tool for living and money itself doesn't provide happiness.

      So to help them understand this lesson, it's useful to introduce the concept of charity and using your money to help other's who may not be as fortunate. Also encourage your child to partake in volunteer activities so they understand that helping others can be its own reward.

      Develop a career path

      While you may think it's too early to start thinking about your children's career path, it's never too early to introduce the concept of a career and how their career choice will affect their finance as adults.

      Talk about different careers and what they do, what you need to do to become one and what sort of salary range they could expect. And I know we've all told our kids that they can be whatever they want to be when they grow up, but there are some exceptions! Not everyone can be an astronaut or prima ballerina!

      But it's important to point out that the most important thing about their adult career is to chose something they like - after all they will be doing it 40 hours a week, for the rest of their lives! And job satisfaction and happiness is worth far more than a massive salary!

      Inspire their entrepreneurial potential

      Inspiring a child entrepreneur isn't something to be scared of - it's not about turning them into the next Bill Gates by before they hit high school.

      To inspire a child to think entrepreneurially doesn't mean showing them how to make the most amount of money. It's about encouraging them to THINK BIG about their own potential and opportunities, and helping them find their passion.

      So to encourage a child entrepreneur, help them discover an alternative income, that suits their interests and abilities (and their age) such as:

      • Baby sitting - good for older kids who are good with people, but start them at home so you can keep an eye on them (and the baby!). Also need to consider whether to allow babysitting on school nights.
      • Dog walking - great exercise for you too!
      • Holiday pet care - a good filler for school holidays is to look after pets and collect mail for other people on holidays.
      • Car washing - a good weekend activity. Offer a car wash and polish service.
      • Cleaning - offer basic cleaning services (such as vacuuming, dusting and window cleaning) to friends and family.
      • Garden maintenance - older children can mow lawns and trim edges, but younger ones can get their hands dirty with weeding, mulching, watering and planting.
      • Market gardener - children with patience and commitment could plant a vegetable (and flower) garden and sell the produce to mum and other people in the neighbourhood. If your yard and local by-laws permit, they could also set up a chicken run and sell the eggs.
      • Plant nursery - popular plants propagated from seed or cuttings can be sold at local markets or to neighbourhood gardeners.
      • Baking - some kids just love to cook, and baked goods such as cookies and cakes are a great way to earn some money. Goods can be sold to family, friends, at parents workplace (with permission of course) or local markets.
      • Cards and gift boxes - for the creative child, making and selling gift cards and boxes is a great business.

      And I'm sure there are many more... The point of helping your children develop a 'business' like this is to show them how a real business operates and it's also a starting point for discussing what they want to do as adults as a career. But it's important to remember that they are still kids - they may lose interest even though they have developed business commitments, they will need supervision and guidance. Their business also becomes YOUR business!

      But of course the best thing about helping your child entrepreneur is the quality time you'll have with them! It can be a great growing experience for everyone.

      So remember that kids that start ahead stay ahead - and teaching your kids wise money management is one of the best ways of securing their financial future.

      For more information, check out www.your-money-and-finance.com - this site gives you all the FREE tools and advice you need for achieving your own personal financial success.


      money basics

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      Understand the Basics of Money and Finance

      You need to be able to crawl before you can walk - and it's the same with managing your money. Understand the money basics before you mortgage your house and embark on complex investment plans! But what are the basics? We think you need to know:
      • The principles of finance - the fundamental principles that explain how money and good financial goals work, and some financial terminology you need to know.
      • How to budget - and budget effectively! It's all about making the most of what you've got.
      • How to save money - and how to do an effective saving plan.
      • Belt tightening - for those times when you just need to cover some unexpected costs or loss of income, or just want to be able to save more money.
      • How to protect your hard earned wealth - what you need to protect and how.
      Keep reading to find out more.

      Principles of Finance

      The principles of finance aren't difficult to understand and for your personal finance needs, you need to understand some basic principles of finance and HOW to deal with money, because if you UNDERSTAND money you are better able to MANAGE your money. So:
      • Understand that a certain amount of money is necessary - too little will cause stress and having too much also has this effect. But know how much money you REALLY need. The endless pursuit of more money for no reason will ultimately end in failure and your unhappiness.
      • Set short and long term financial goals.
      • Manage your career or business wisely - it is probably your main source of income.
      • Keep all your finance records in an organised file and maintain a healthy awareness of your finances - know what you earn and what you owe.
      • Maintain a positive cash flow - you need to earn more money than you spend. And what you don't spend you need to save or use to reduce your debts. But understand that wealth is more than cash flow - it includes your assets (such as your house if you own it) and your ability to create wealth.
      • Understand that you need to 'pay yourself' first - set aside 10% of your income (after tax) as savings. And plan for retirement NOW!
      • Embrace the power of compound interest - and understand that starting early produces the best results.
      • Understand that you earn interest or dividends on your investments, and you pay interest on your debts - that's how financial institutions make their money. Debt is not necessarily a bad thing, but you need to avoid bad debt and manage good debt properly.
      • Know when to get help with your finances - get help with debt consolidation and ALWAYS seek unbiased financial advice before investing your hard earned cash in anything.
      • Know that tax is important and we all need to pay our fair share. But you can optimise your tax bill and make sure you don't pay more than you need to.
      • Understand that charity is a good thing, because it makes us appreciate that we really are OK
      • Understand that to make money, you need to spend money (and maybe borrow money) - but do this wisely.
      • Understand that ALL investments involve a level of risk but some are riskier than others. High return investments are almost ALWAYS high risk, or high input. Know your risk profile.
      • Protect yourself from identity theft and beware of scams and 'get rich quick' schemes. If an investment sounds too good to be true, it is!
      And get your family involved too and teach them the principles of finance - particularly your kids. Managing personal finances and setting financial goals is an important life skill for everyone.

      How to Budget

      Budgeting is simply an assessment of your income and your expenditure and is the plan you create to manage your money.

      And the simple rule of managing a household budget is that you need to earn more money than you spend so you have a positive cash flow. If you don't and you are spending more money than you have, you will have a negative cash flow and either need to earn MORE money, or spend LESS. SIMPLE.

      The key here is to know exactly how much money you've got coming in and where it all goes - so you need to be informed. Only then can you look at HOW you can manage your budget better.

      Step 1: Assess your income:

      Income is what money comes in the door and could be from your usual job (either as a salary, or a wage), welfare payments, child payments or returns on investments. Be careful you don't overestimate your income if it includes penalty rates or overtime, in fact you're better off UNDER-estimating your income for your budget so any penalty rates or overtime become a nice little bonus!

      Step 2: Determine your Expenses

      Be realistic!! It is better to OVER-estimate your expenses for your budget than not. Go through your credit card and bank statements for the last few months to see exactly where your money is going, or use a notebook to keep track of expenses. Also, don't forget about the yearly bills such as land tax/ rates and car registration. These are often big bills, but must be allowed for in your spending.

      Step 3: Now set yourself a budget

      Are your expenses more than your income? If so, you really need to cut some costs and BUDGET. Or are your expenses less than your income? In which case, where does all this extra money go?

      By budgeting, you can make better use of the money you already get - so you may not need to earn more money after all! From your income you know how much money you can spend, and from scrutinizing your expenses you should now have an idea of what expenses you can cut and where you can save some money. Use this information to set yourself expenditure targets - and stick to them! You'll be surprised how quickly your savings start to improve.

      How to save money

      We should all be saving some money - about 10% of our income if possible.

      You may need to save for a rainy day, big or unexpected bills or for that sunny day to indulge yourself. A saving plan will allow you to achieve all of this, without any made rush scrimping at the end or going into more debt. You can even automate payments into your savings account so that your saving plan really is no hassle.

      To prepare your own saving plan, just list down what you need to save for [and why], how much you need and when you need it by. You can then work out how much you need to save from your pay every week [just divide the amount you need by the number of weeks you have to save that amount]. And hopefully this weekly amount can be accommodated by your budget!

      How to tighten your belt!

      Unless you're already as frugal as you can be, we can all benefit from a little cost cutting and optimisation. Try some of these basic cost cutting tips:
      • Look for better deals on utilities and new purchase
      • Shop around and buy in bulk where you can.
      • Do you need it what you've already got? You may be able to downsize or sell.
      • Do you need to BUY it - when you go shopping, ask yourself the question "Do I REALLY NEED this?"
      • Don't impulse buy or give into the latest fad.
      • Know your shopping weaknesses - and plan your shopping to avoid them.
      • Read the fine print on contracts.
      • Cut back on luxuries and holidays.
      • Don't give in to pester power.
      • Find a cheaper alternative - second hand and no-name brands!
      • Can you DIY - there many things you can do cheaper yourself.
      • Cut back (or quit) cigarettes, alcohol and gambling.
      • Be healthy - in a lot of cases, eating healthy food can be a lot cheaper than eating take-aways.
      • Don't be wasteful - if you buy something only to throw it out, you've just wasted money.
      • Save the planet! Cutting energy and water use reduces electricity and water bills!
      • Optimise tax - keep receipts for valid tax deductions and talk to your accountant about how to make the most out of tax laws.
      • Barter - or join a bartering scheme.
      Have a close look at your expenses - where do you spend the most money? What else can YOU do to cut your expenses? What do you think you can cut your expenditure down to?

      Wealth Protection

      You've probably worked very hard for what you've achieved, so make sure you PROTECT it so you don't lose it!

      How do you protect your finances? Insurance, mostly - so it's a case of 'spending money to protect your money'. Have you got these ones covered?

      • House and contents insurance.
      • Car and vehicle insurance.
      • Public liability insurance.
      • Income insurance.
      • Health insurance.
      • Life/ death insurance.
      • Funeral Plan.
      • Last Will and Testament.
      • Commercial insurance.

      Of course, there are some things you just can't insure - for example you can't insure against a stock-market crash, poorly performing stocks or incompetent fund managers. But you can diversify your investments so you don't have all your eggs in the one basket - if one investment doesn't perform, hopefully the others can smooth things over.

      For more information, check out www.your-money-and-finance.com - this site gives you all the FREE tools and advice you need for achieving your own personal financial success.


      Stop Procrastination in 4 Easy Steps

      Posted by: goal_setting_succes in General

      Tagged in: blogs

      goal_setting_succes

      Are you a victim of procrastination? Or are you unable to stop procrastinating? Do you often find yourself unable to meet deadlines because you spent too much watching TV, playing computer games or even sleeping?

       

      Well, I was exactly like that just a few years ago. But, thankfully those days are in the PAST. These days, I can set goals and achieve them easily without any time consuming hassles. And you can do the same too.

       

      All you need to do is manage your time now!

       

      Here's a few tips to get you started.

       

      1. Plan your daily must-do activities: Draw up a to-do list.  Preferably write it down on paper or even a white board in your office. Or, use a computer if you prefer. Include all the things that must be done today. No ifs or buts! These are the MUST-Do activities.

       

      2. Prioritize the activities, with the more important ones taking precedence over the less important activities on the list. If there are important things to do, but not urgent enough to be worried about if not done, put them below the urgent ones. The idea is based on the established principle that 80% of rewards come from 20% of effort directed towards accomplishing important work.

       

      3. Start working: Even if the deadline is 5 days from now or a month from now, starting out on an important project will help you avoid stress and do it well. When you start a major project just the day of the deadline, you are bound to stress out and leave out important points. Get in the habit of starting things before the deadline.

       

      4. Start working bit by bit. Things may seem like huge mountains at first but it is important to stay calm. Afterall, you can only eat an elephant one bite at a time! And it takes time to digest. Just start working on the project or task on hand and don't worry about getting it perfect. You still have a lot of time to iron out the details. Remember to start well before the deadline so you can focus on finishing the task and then ironing out the details. Trying to get everything right on first attempt is the best excuse used by procrastinators!

       

      Procrastination is a deadly disease and it not only kills motivation but also your chances of success. Stop procrastinating right now and start achieving your goals TODAY!!

        

      You can learn more about getting rid of procrastination and how to manage your time to achieve all your goals by reading this FREE ebook - "The Time Management Secrets that will Set You Free". See this page on Squidoo.

      7 Reasons to do Community Service

      Posted by: goal_setting_succes in General

      Tagged in: blogs

      goal_setting_succes

      We all know that doing community service is a 'good' thing to do, but do you know why? And it's not just that you're helping the underprivileged or the environment - there are some real tangible benefits from helping others. This article discusses 7 of them.

       

      1. Karma

      "What goes around, comes around", "The Boomerang effect", "Karma" - what ever you want to call it, there is mounting evidence that when you do good things, good things happen to you. The Law of Attraction explains it as attracting good by doing good, and by maintaining the flow of good positive energy.

       

      But more logically, if you are doing good things for your community, then you're focusing on positive attributes of yourself and others and this has real spin-offs in the form of a positive outlook on the rest of your life.

       

      2. Perspective and Passion

      I've learnt from personal experience, when you're helping a young family pull together their lives after losing everything in a cyclone "- you begin to understand what really matters. Community service of all kinds gives you this grounding perspective.

       

      But from that grounding perspective comes passion. Passion to help others in the same situation and passion to protect your family and community from the same thing. And passion is such a wonderful and motivating force - you can achieve anything with passion!

       

      3. Networking

      Volunteer organizations attract people from a wide range of backgrounds and professions - students, unemployed, retirees, trades people, professionals and business executives - so volunteer organizations give you a fantastic opportunity to network!

       

      And you never know what opportunities you'll encounter with this new network of contacts. We managed to renovate our house for half the cost through the contacts we've met in our community work! Not to mention, that's where I met my lovely partner!

       

      4. Understanding People

      Inevitably, community work involves working with other people - whether it's other community workers or the people you're helping. So the ability to communicate and understand these people is paramount for your own sanity, and of course your effectiveness.

       

      And because the people in volunteer organizations come from a diverse background, you get to develop communication skills with a wide range of personalities. You can't pay for emotional intelligence training like this!

       

      5. Learn New Skills

      As community work actually involves doing something, you will gain skills in the particular 'something' of the organization you've joined. Whether it's tree planting, first aid and rescue skills, counseling, organizing, planning or even blanket knitting - you WILL learn something new.

       

      And some skills such as first aid and planning and organizational skills you'll find helpful in other aspects of your life too!

       

      6. Contribution to the greater good

      Don't forget the big warm and fuzzy feeling you get when you know you've made a contribution - whether it's the environment or humanitarian causes, it all contributes to the greater good.

       

      7. Your legacy

      How do you want to be remembered? What do you want to see written on your tombstone or in your obituary?

       

      We all want to be remembered as something special - a loving partner and parent, a successful career, a passion. But a community minded spirit is the BEST legacy.

       

      So how can YOU help?

       

      Well you can start by telling people about how you or someone you know contribute to the community or environment - even if this contribution seems small - and inspire others to do the same. Or read about what other people are doing and give them a boost by posting a supportive comment. Just  check out http://www.achieve-goal-setting-success.com/community-contribution.html to share your story or post a comment about someone else's experience.

       

      And of course, you can get more involved with your community or an environmental cause - you'll marvel at the difference just one person, YOU, can make. Here are some ideas to get started: http://www.achieve-goal-setting-success.com/community-goals.html...



      See this page on Squidoo.

      Help me inspire others

      Posted by: goal_setting_succes in General

      Tagged in: blogs

      goal_setting_succes
      The one thing I really enjoy when writing my website is the hope that I can make a difference in someone's life by giving them motivation to achieve, inspiration to dream and of course the practical tools to allow them to take action.

      And this is a wonderful, liberating feeling.

      Wouldn't YOU love to get this feeling too? The knowledge that you've helped someone, somewhere in the world - but you'll never know who, where or how.

      And it's easy to do. We ALL have an inspirational story - a success, a catestrophic failure (and lessons learnt from that failure), or perhaps just a different way of looking at something...

      All it takes is you to tell me your story or piece of advice.

      So tell YOUR success story and inspire others to achieve!

      There are already a couple of stories from our readers - if you want some inspiration, read the story by Shirley Cheng! Now that's inspirational.  And I really like this one highlighting different personalities.

      And while you're visiting, you can comment on any of the stories submitted or add your own!

       


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