Money Secret #6 – Once you have money – it’s easier to get more!

The saying “the rich get richer” has often been misinterpreted. Many people use it as a way of insinuating that there is something sinister or dishonest about how people get rich. The add-on phrase “the poor get poorer” seems to make the point that the rich are actually taking from the poor!
The truth is – it is easier to get more money once you have some. But in my experience it’s not why we think.
What I’ve noticed about being broke (been there, done that!) is that so much energy is spent on the state of “broke-ness” that there isn’t any energy left for the ambition, creativity and hard work that it takes to generate money.
I’ve noticed this with family members and friends who are in dire financial straits. There is so much attention placed on the “lack”, the fear is debilitating.
It doesn’t always take money to make money – but it does take creativity and courage. And those two things are inhibited by focusing on what you don’t have.
Remember, what you focus on expands!
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3rd Crucial Secret About Money

Money Secret #3 – Want more money? Get out of your comfort zone!

As I look over the eight years I’ve been in business, it is so apparent to me now that every time money has come to me in large sums it’s because I did something different – and most likely uncomfortable at first.

Submitting a proposal I doubted my ability to deliver, putting out a newsletter for my business that I feared people wouldn’t read, approaching someone I may have considered “out of my league” at a networking event – all of these activities were out of my comfort zone – yet every one of them has led to more business coming my way!

“Your comfort zone equals your money zone,” (CZ=MZ) so says T. Harv Eker, author of “Secrets of the Millionaire Mind”.

Most people want more money but they aren’t willing to do what it takes to get it. If you aren’t willing to grow yourself, push your boundaries, feel the fear and act anyway, there is a good chance your income will remain the same.

What is one thing you could do right now to get more money? I bet most people have an answer.
Ask the boss for a raise. Start a part-time business. Call that past client. Sell items on E-Bay.
And yet most of us will immediately create an excuse as to why we can’t do that.

But I’ll give you a BONUS SECRET. Come real close…money likes action! Every time you hesitate taking action on an idea you have, money moves away from you to someone else who is taking action on an idea.

Think of anyone you know who has money continuously flowing to them and I will bet they are a person of massive action!

To sum up – money is a powerful and useful tool but if you don’t get into action and you don’t manage your money – you won’t have any.
 
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2nd Crucial Secret About Money

Money Secret #2 – There is nothing wrong with having a lot of money.

This is so counter to the belief system I was raised with. I was taught that spiritual people don’t have money and that rich people were most likely greedy, selfish and materialistic. We were encouraged to only concern ourselves with our “daily bread” – that was all we could expect and shouldn’t want for more.

So let me ask you this, if abundance and money is so bad, why did God use it as a reward for obedience?

Do you remember the story of King Solomon? He was a young ruler in Bible times and God offered him anything he asked for. King Solomon asked for wisdom (of course, he already had hundreds of wives and concubines ;-).

Of all the things he could have asked for – he asked for wisdom! Well, God was apparently so impressed, he gave Solomon wisdom and riches! As a matter of fact, by calculating the Bible account of all that Solomon had – it’s been determined that he was the richest man who ever lived!!

If money is so bad, why did God “smite” Solomon with it? Perhaps money isn’t the problem after all.

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1st Crucial Secret About Money

Money Secret #1 – Money won’t stick around where it isn’t wanted.

Well, that’s silly – everyone wants money. And while it’s true that everyone may SAY they want money, let me ask you something. How do you treat something that you really want in your life?
If we really want something, we cherish it. We respect it and show appreciation for it. Does how you’re handling money show that you respect it.

To respect money – you must manage it (pay attention to it). Here’s where I made a classic blunder. In the past, I always told myself I would manage money someday when I got money.

That’s like saying, “I’ll start exercising when I lose weight.” You want the result before doing the work.

You must start managing what you have. And this doesn’t mean any specific savings or investment plan. It means putting money aside for the things that are most important to you.

Most of us pay our bills first because that’s what we’ve been taught is the responsible thing to do. But what happens after paying your bills for 50 to 60 years and you have no retirement savings. How responsible is that?

I follow a money management system that recommends putting 10% of after tax income in different accounts, such as: Give, Learn, Play, Long-term Savings, and Financial Freedom.

While I haven’t always been able to do the exact 10% allocation, I have made sure I put something in each account. The principle to remember is – it’s not about the amount, it’s about the habit.

So start managing (respecting and paying attention to) your money and watch what happens.

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Ask yourself these 5 questions

So think about the last time you were upset about something. Then ask yourself these questions:

1) What happened?

2) What are the facts? (what could be seen and heard by others, verifiable facts, observable behaviors = he took the last biscuit is a fact; he is selfish is not)

3) What am I adding to the facts? (Most of our stories embellish the facts and add inflammatory language. “He always” or “she never”, or derogatory terms such as “jerk” or “chauvinist”)

4) What am I pretending not to know? (What facts might actually disprove my story if I were to acknowledge them?)

5) Have I been guilty of this very same thing? (But when I did it – I had a good reason. My intentions were good, my behavior was bad. But with them – their intentions are automatically evil.)

Often you will find that it is what you’re telling yourself (your story) rather than what is actually happening that is causing the negative reaction.

Now when people become upset, I know to ask them “what are you telling yourself about this situation that has you so upset”. Even more powerful is when I remember to ask myself that same question.

Once you’ve mastered doing this with past situations, start to apply it in the moment. As soon as you feel yourself getting triggered (usually some physical sensation, tightness in your chest, faster heart rate, sweaty palms), take a time out and ask yourself those five questions. The old adage “count to 100” seems to make sense now that we know what we we’re supposed to be doing during the one hundred seconds.

Over time, you will be able to practice this outside “observation” before the situation begins to deteriorate and take steps to keep it on a positive track.

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So you think you’re enlightened?

Years ago, I took several courses through a well known self development company. I was very impressed with the facilitators of the seminars – especially how they handled people who became upset or angry during a process.

They never got triggered or upset themselves. Even when people personally attacked them, they remained calm, present, almost detached. I became so enthralled with one leader in particular, I asked her about this trait they all seemed to possess.

She said to me “Do you know what the difference is between you and these seminar leaders?” I waited for the profound piece of wisdom she was about to impart.

“They get over it faster.”

Get over what? Anything. Upset, anger, fear, guilt, embarrassment. It’s not that they don’t feel any of these things. They are human after all. It’s just that they get over it – fast.

I’ve learned that the path to enlightenment doesn’t necessarily require sitting cross-legged on a mountain top or months spent in an ashram in India. It actually requires living in and among others and learning from every interaction we have.

As many of us know, awareness is the first step to change. So to with enlightenment.

Most of us also know that we first become aware of our “stuff” after the fact. We have an argument and in the heat of battle, we lose our perspective. It’s not until later when we’ve cooled off that we start to see things a little clearer.

Hindsight really is 20/20.

Insight happens in the moment. Just as you’re about to get triggered, you recognize that the conversation you’re having is in a downward spiral, so you choose to change it. You either walk away, take a deep breath, or decide not to react.

Foresight is the ability to see the words, triggers, and hot buttons ahead of time and avoid them. It’s understanding that our emotions come from our thoughts and being able to observe our thoughts from an objective perspective.

Enlightenment (or a large part of it) is possessing insight and foresight. Staying present, an observer of what’s happening, in control of your thoughts.

If you’re just starting to play with this idea of enlightenment – you will most likely begin with developing hindsight – and that’s exactly where you should start.

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Hiking Camelback Mountain

Well, I did it!  I finally hiked Camelback Mountain.  And while there are many stories to tell and lessons learned, there is one story that stands out among them all.  As I started up the mountain, the first half is a trail with a pretty good incline.  The second half you are not hiking, you are climbing.  Climbing rocks. 

In the middle is the saddle.  Many people stop at the saddle and don’t continue.  While I was sitting at the saddle contemplating whether or not to continue, two couples rounded the corner and when the ladies saw the next part, they said, “No way.” 

Their husbands tried to convince them but they were content to just sit and wait.  It was at this time that I shared my new mantra, “I didn’t come to Camelback Mountain to climb half a mountain.”  When I started the second leg, they were still resting and resisting.  I climbed for about 10 minutes, then rested for about 5.  At one point, this foursome caught up to me.  The ladies said that my idea of “slow and steady” and stopping when needed spurred them on.

We climbed the rest of the way together; sharing, groaning, laughing, etc.  When we reached the summit, we were all elated.  I decided to leave them be and go around taking pictures from all directions.  It was then that I found this perfectly sloped rock tucked out of sight.  I laid against it and promptly fell asleep in the Arizona sun.

What I can only imagine was a few minutes later, I heard another young couple celebrating reaching the top.  It was then I heard the young girl say, “The best line from Camelback today was, ‘I can’t believe we left Nancy up there’!” 

Apparently the foursome started hiking down the mountain and at some point realized they left their new friend, a.k.a. me, and this girl overheard them say this.

I asked the girl how long ago she heard this exchange and when she said only 5 minutes ago, I sprung up and decided to race down the mountain to catch the foursome and share with them how funny it was that I heard what they said. 

It took me until the saddle to catch up to them but when I did, I got right behind them and said, “I CAN’T BELIEVE YOU LEFT ME!!!”  They turned around and looked absolutely devastated.  It was then that I told them about the girl at the top who thought the best line of the day came from them.

They apologized profusely which I told them was unnecessary and that I got a good laugh out of this girl thinking my “friends” actually left me. 

We hiked the rest of the way down together!


At the “saddle” contemplating the next leg.
The view from the top.  Yes, this is what I hiked over!
Another view from the top!
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Baby steps…

With one of my long-term goals to climb a mountain in South America, I figure I should climb whenever I have the opportunity.  Well this coming week, I’m heading out to Phoenix, Arizona for the Target Training International annual conference.  I’ve seen Camelback Mountain many times while in Scottsdale but never scheduled enough time to hike it.  So this time, I’m taking the time! 

I’ve heard there are a couple of easy hikes and there are a couple of more difficult hikes.  Guess which one I’m doing?  😉

This is a picture of the mountain.  I borrowed it from the web.  When I return, I will have pictures of my own to share!

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Got my sights set on Patagonia!

As you may recall, one of my longer term goals is to climb a mountain.  It may be 2011 before that happens.  But my friend Lisa just sent me an article from the NY Times online that ranks the Patagonia region the #2 place to travel in the World in 2010.  http://www.nytimes.com/2010/01/10/travel/10places.html?th&emc=th

Patagonia is becoming known for it’s wine.  If you haven’t had an Argentinian Malbec yet, you must try it.  My new motto is “I haven’t met a Malbec I didn’t like.”  😉

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Top Ten 2010 Goals

There’s two things I’ve learned about goal setting in the last year.  One, at times I set unrealistic goals and then have to deal with my disappointment when I don’t reach them.  Two, I set goals only based on the outcome I want, not on the actions I need to take to achieve my goals.  So I’ve changed the ways I set my goals.

First, for each outcome I want, I create a Minimum, Target and Outrageous goal.  The Minimum maybe something I’ve achieved before and want to do again or is new but not too much of a stretch.  My Target is what I really want to achieve but it does represent a stretch.  And Outrageous is quite a stretch but I would be deliriously happy if I achieved it. 

Then I create a detailed action plan to reach my Target goal.  I stick to the actions (in my control) and let the Universe decide (out of my control) which goals it wants to help me reach the Outrageous level.

Here’s an example:

One of my financial goals is to buy a NEW (used) car by June 30th.

O – Lexus
T – Audi
M – Honda CRV

A personal goal is to plan quarterly Spa Days and Weekends.

O – Spa magazine destination!  (top 25 spas in country)
T – Mirbeau or Niagara on the Lake
M – Beau Monde/Del Monte

Lastly, one of our relationship goals is to get involved in a charity.

O – Donate $2000 to Make a Wish Foundation and meet the family.
T – Have an event for Women Business Owners and raise money for KIVA.
M – Go to Ronald McDonald House and cook a meal. 

The goals are set.  I’ve got a lot of planning to do.  And mostly, a lot of massive action to take!

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