To find a job you’ll love start with these questions

Most people, if they’re lucky enough to have a job, are in jobs for which they have little or no passion.

They just do whatever they have to do to ensure they have a regular income. It’s a living but it’s hardly a life, wouldn’t you agree?

If you’d like to find a job you’ll love doing then start by asking yourself some searching questions like these:-

Questions to ask yourself:

  1. What activity gives you a genuine buzz?
  2. What activity would you regard as more fun than work?
  3. Do you have a genuine talent for some particular activity?
  4. What activity makes your eyes sparkle with enthusiasm?
  5. What would you do as a hobby if you couldn’t make a living at it?
  6. In which activity would you not have to be asked twice to participate?
  7. In what activity would you be so absorbed that you’d completely lose track of time?
  8. For what activity would you willingly rise early, knowing that this was on your day’s agenda? 

Why the answers are important:

The answers to these questions will help you to identify the activity for which you have passion and enthusiasm.

If you can identify a job that consists primarily of activities consistent with the answers to these questions, then the chances are that you’ll have found the job you’ll love to do.

And as the saying goes, find a job you love and you’ll never work a day in your life.

Now, getting that job won’t be that easy, of course.

However, knowing what you really want is the first step on the road to success.

If you have a real talent for your work then you’re likely to enjoy what you do. If you enjoy what you do, then you’re likely to do it well. Do it well and people will notice. And once people begin to notice you for the work you do then your career will start going places, potentially to places beyond your wildest dreams.

Finding a job for which you have a passion really can lead you to success.

So go on, start reflecting on these questions and then ask yourself, is what I’m doing now consistent with the answers? A negative conclusion would imply that it’s time to make some changes.

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The real cost of television? The answer will surprise you

The real cost of television

Have you ever considered what the real cost of television is and the effect it has on your life?

When you’ve worked hard all day, I’m sure you find it so easy when you arrive home in the evening, to have a bite to eat and then relax in front of the television. You just passively watch whatever’s on offer because it’s your time now, right?

If you’ve worked hard all day, you deserve a rest, surely?

Anyway, you’ve got a nice television, and it cost you a lot of money, right?

So, of course, you want to make the most of it, don’t you?

If you’ve spent all that money, why would you want to waste such a fine piece of technology by not using it? Surely that’s a reasonable argument?

Opportunity cost:

Well, it’s an argument, of course, but have you ever given serious thought to the real cost of that television to you?

How much do you think it actually costs?

Now, I’m not referring to the price tag in the store when you purchased your television, though even that’s not insignificant.

I’m referring to the opportunity cost of the time wasted passively watching television.

Never forget, time is money.

And time wasted watching television could have been used doing something that would have been far more profitable for you, at least in the long term.

Deep down, I suspect, in your heart, you know that dear reader, don’t you? Nevertheless, knowing and acting on the knowledge you possess are two different things.

The importance of time:

How often do you hear people say things like, I’d love to earn more money; I’d love to have a better job; I’d love to learn another language; I’d love to learn to play the piano; and so on? Then you’ll hear them say if only I had the time.

Do you recognise yourself anywhere there, dear reader?

The simple fact is that when it comes to time, we all have exactly the same amount, 168 hours each week. It all comes down to how you choose to use and prioritize your time.

Time is a resource, like any other:

Successful people recognise that time is their most precious resource and they use it wisely.

People who succeed have a genuine sense of purpose and they’re very focused on their goals. They know what they want and they have a plan as to how they’ll get it.

Do you have a genuine sense of purpose, dear reader?

Have you got a clear idea in terms of where you’re going?

Do you know what it is you want out of life?

Life can be better:

Perhaps life is something that’s just happening to you and you’re just going with the flow?

That’s an acceptable strategy if you’re willing to accept whatever life throws at you.

However, you must ask yourself: Are you really happy with your life and the share of life’s pie you’ve been given so far, or do you want more?

Well, let me tell you this, dear reader. For things to improve, you must first learn to use your time wisely.

Remember: Time is more important than money because you can always get more money, but you can’t get more time.

Secondly, you need a clear sense of direction and your own plan for how you’ll get to where you want to go. Without direction and a plan, you’ll be destined to be used as part of someone else’s plan.

However, that’ll only be for as long as you can serve some useful purpose for them.

Once you no longer serve any purpose for them you’ll cease to be part of their plan. And then you’ll be scratching around looking for another way to earn a living.

The world is an unforgiving place, that’s for sure.

Be a person of value:

Work is just doing stuff for other people in exchange for money.

However, we don’t just get paid for the hour. Our pay is dictated by the value we put into that hour.

The more value we can add the more we’ll earn.

And to add more value we must be increasing our knowledge and skills constantly.

We reap what we sow.

If we fail to reap, we cannot sow.

And how can you reap if you spend your life passively watching television? Time wasted cannot be recovered.

You’ll get out what you put it:

In my experience, we get out of life exactly what we put in. The more we put in the more we’ll get out.

The obvious question is, how can you get more out of life?

If you’re happy to go through life passively watching television but struggling to make a decent living then that’s fine, if that’s what you want. Just keep doing what you’re doing. Waste as much of your time as you like.

However, if you want more than that then it’s time to start designing the life you want and avoiding time-wasters like television.

It’s time to decide where you’re going; and what you want out of life. It’s time to develop your plan for success. And above all, it’s time to stop wasting your time.

You can be a winner. Anybody can.

However, it does require some effort on your part and a clear sense of direction though. That’s a given.

A great source of inspiration:

And if you’re going to be a winner, in addition to using your time wisely, you’ll also need a constant source of inspiration to keep you motivated.

One of my greatest sources of inspiration is the late, great, business philosopher Jim Rohn.

You’ll find plenty of videos featuring Jim Rohn on YouTube.

However, you might also consider buying one of Jim Rohn’s books or even an audio recording to listen to in your car or on your smartphone or iPad.

One Jim Rohn book (also available as an audio recording) that I can highly recommend is The Art of Exceptional Living.

You can check it out on Amazon if you CLICK HERE.

DISCLOSURE: This website is an Amazon affiliate. Should you make a purchase via any of the links, you should be aware that this website will receive a small commission. Thank you.

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How to ensure you’re a satisfied customer

Have you ever been in a situation where someone is trying to sell you something and seemingly they can’t do enough for you? They promise so much and they seem so keen to ensure that you enjoy a ‘great customer experience‘.

Then you buy; you part with your money; and suddenly everything changes.

They’d love to help you but that wasn’t included in the sale price, despite you having been given the impression that it was.

This is particularly true with a service, in my experience.

If you have a tradesman or woman doing work for you, for as long as they haven’t been paid, they’ll do just about anything and everything you ask.

Once they’ve been paid, “they’d love to help you but they’re far too busy”.

The moral of the story is that paying for a service before you’ve actually received it is always a mistake.

You won’t be well-served if they’ve already got your money, undoubtedly that’s a fact I’m afraid.

So my message to you is clear dear reader. You pay as little as possible upfront and retain as much as possible until the work has been finished to your complete satisfaction.

Do that and you’ll always be sure to get a job well done. Part with your money first and you’ll be a hostage to fortune.

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How serious money is made through self-employment

Today I thought it would be interesting to consider how serious money is made through self-employment rather than spending your life working as a wage slave.

There are many ways to make money, dear reader, and they all have their merits.

For instance, if you get a job with a big corporation, it’s possible to earn a decent income, and you may enjoy a few fringe benefits too.

And if you get a job in the public sector, the pay may not be as good, but the pension scheme is usually the best you’ll find anywhere. And of course, working for the government is usually a fairly secure form of employment too.

So, if you become a wage slave in any sector, you can make a living, and sometimes that can even be a decent living as well.

However, unless you work on Wall Street or for an investment bank in the City of London, you are unlikely to make a fortune. Unfortunately, dear reader, that’s one of life’s facts.

The road to serious money:

So, if you aim to make serious money, then you should consider self-employment.

And the good news is that we live in an age in which becoming self-employed has never been easier or cheaper. As a result of the Internet, there are so many business opportunities that were simply not available to previous generations.

And the best news is, you don’t even have to give up your day job, not initially anyway.

You can start your own business as a part-time side hustle, initially, and keep it that way until the income your business is generating for you is sufficient for you to live on.

You can even start one business to generate extra cash and as it makes money you can invest that cash into bigger and potentially more profitable opportunities. The possibilities are endless.

The downside of being an employee:

As an employee, you’re trading your time for money and that’s fine. There’s nothing wrong with that if that’s your preference.

However, if your firm does well, you’re unlikely to benefit significantly from any extra profit they make. You might get a bonus but regardless of personal contribution, it’s more likely to be an incidental sum rather than life-changing money.

With your own business, you can make money whilst you’re sleeping.

If you want to get seriously rich then you’ll have to find ways to start making money while you sleep.

Now dear reader I can hear you asking, but how do you make money while you sleep?

Let me give you some examples of online businesses where you could start with little or no money and start making money while you sleep.

Selling products online:

The Internet provides you with the ability to reach most of the people on the planet, wouldn’t you agree?

Think about that for a second.

If you create a website or an online store then billions of people around the world will have access to it. And those people can access it while you’re asleep.

So the potential is there for you to create something that can be generating money for you 24 hours a day 365 days every year.

Still not convinced? Let me give you some examples of businesses you could start to achieve this goal:-

Selling on Amazon:

If you’ve ever bought anything from Amazon you’ll probably have noticed that Amazon is not always the actual seller of the item you are seeking to purchase. Other suppliers sell their products through Amazon via what is known as Amazon Marketplace.

And when third-party suppliers sell products via Amazon they can also use a service known as Fulfilment by Amazon (FBA).

This means if you are the seller, you deliver your stock of products to Amazon and they’ll handle all the logistics associated with product delivery to the buyer.

Fulfilment by Amazon (FBA):

If you want to sell products but you don’t want to handle the packing, postage, and delivery then you can get Amazon to handle it all for you using FBA.

You can do it yourself of course but the point is that you don’t have to because there’s an easier way.

So you can focus on finding products that will offer solutions to the problems your target customers have and just let Amazon do the rest.

And remember this; those products don’t even have to be new. They can be ‘second-hand‘ or used items too.

Second-hand products:

As long as you can find a suitable niche in second-hand products, there is money to be made.

Let me offer you an example.

Each year graduating students have textbooks to sell. Maybe you’ve had that experience, dear reader?

Essentially such students want to get some cash back for books they’re unlikely to read ever again.

Shrewd entrepreneurs recognize that there’ll be a ready market for those textbooks at the start of the next academic year. New students will want to obtain course textbooks at a better price if they can.

So entrepreneurs offer ‘selling students‘ a quick way to turn their textbooks into a little cash.

And then ‘buying students‘ will be sold those same textbooks at a rate which will save them money on the price for the same book had it been bought new.

You make money and everyone’s a winner.

Set up a website:

The entrepreneurial you can set up a website to attract booksellers and then through Amazon Marketplace the books you’ve bought cheaply can be sold at a profit.

And in that way, you could create a profitable second-hand book business.

You could repeat the same trick with music such as vinyl records and CDs, as well as films on DVD.

Second-hand smartphones, tablet computers, and other technology items offer another entrepreneurial possibility.

And don’t forget there’s demand for second-hand clothes too.

Alternatively, you could source your products, e.g. skincare products, cosmetics, household products, and so on and then sell those via Amazon.

I know plenty of people who have created successful businesses with this approach and from them made good money. 

Selling on eBay:

When people sell stuff at a boot sale or yard sale, they usually sell at low prices because they price items for a quick sale.

These are things they need to get rid of as quickly as possible for whatever reason and get whatever they can for them. So, there’s a potential opportunity for those with an entrepreneurial spirit.

You buy these items cheaply and then resell them on eBay for profit.

More importantly, people sometimes sell valuable stuff at boot sales and yard sales for ridiculously low prices because they don’t realize the real value of the item.

On the British television show Flog It, I saw a woman sell an antique vase at auction for £800 having originally bought it at a boot sale for just £1. Now that’s a healthy profit.

Yes, such examples would be the exception but shrewd people can and do make money this way and eBay is a great vehicle for doing so.

Affiliate Marketing:

Affiliate marketing is ‘commission only’ selling.

It works through an idea known as content marketing. The idea is that if you can direct traffic to a product seller’s website which results in a sale then you get paid a commission for that sale.

The amount of commission can be as low as 4% or less from the Amazon Affiliate Program to as much as 75% from some items offered through programs like Clickbank and CJ (Commission Junction, as it was known previously).

The idea is that you create a website in a niche of your choice, generate content on known problems for which people are searching for solutions, and then recommend a product as part of the solution you offer. Then you include an affiliate link to that product and you’ll get a commission every time a sale is made.

How do you achieve this in practice?

Well despite its relatively low commission rates, Amazon offers the easiest opportunity for the beginner. You sign up for the Amazon Affiliate Program and then identify a suitable niche that interests you.

Let’s say that niche is budget-priced sports shoes for women. Now the niche does need to be focused and quite narrow. The category ‘Shoes‘ would be far too wide. You need to think about categories for which people will be searching via Google and other search engines.

Once you decide on a niche, you create a website publishing offering reviews of sports shoes for women.

And remember; those reviews don’t have to be your own necessarily.

They could be a curation of reviews you’ve read elsewhere, summarised with an overall rating based on what others have been saying. In other words, you’ve done the hard work for readers by providing them with a comprehensive summary of all the reviews out there and then providing a convenient link to Amazon so that they can easily make their purchase

Creating a review summary by curating input from other sources is legitimate, as long as you acknowledge the different sources which form the basis of your article.

Why review sites are a good idea:

Review sites work with affiliate marketing because they capture buying intent and that’s important.

If someone searches for a review of an item on Google, there is a strong possibility that they will buy if the reviews are positive.

When producing your review articles the crucial action is to embed affiliate links within the text.

Getting readers to click on those links and taking them to Amazon is how you’ll make money. If they buy within 24 hours of clicking on a link you will get paid a commission.

Amazon commissions vary depending on the number and type of sales for which you are credited each month.

So in choosing a niche, you must think about product value too. Generate low-value sales and you won’t make much. However, sales for items with a bigger price tag can prove very lucrative.

That said generating some low-value sales can be a way of pushing subsequent bigger ticket sales into a higher commission rate. So don’t ignore them completely.

Content Marketing:

Essentially content marketing is publishing web content to promote products and services. Content marketing is closely linked with affiliate marketing but not exclusively so.

There are two types of content you can consider, as follows:-

(1) Written Content:

For instance, if you’re producing regular content and publishing it on your blog then there’s the potential to generate an income through advertising.

Now selling advertising space on your blog or website is only possible if you have substantial traffic.

However, If you’re just starting you will not reach those levels for quite some time.

Nevertheless, what is known as pay-per-click (CPC) advertising could generate money for you right from the start.

Perhaps the best-known CPC program is one offered by Google Adsense. You sign up for this program, then embed Google’s links in your blog and they will insert advertising on your blog that is relevant to your content.

EZOIC is another excellent advertising opportunity for new content marketers and bloggers.

Every time a reader clicks on an advertisement you will get paid and it’s not purchase-dependent. Readers only have to click for you to get paid.

The trick with Adsense and EZOIC is to have a narrow focus for your blog.

Here’s an example. Let’s say your blog is about how to keep chickens and deal with blights like red mite. You’ll attract search-engine-generated traffic from people desperate to deal with the problem of red mite. Google or EZOIC will insert ads from companies offering products that will help with this problem and desperate people are likely to click on those ads to see what’s on offer. They click, and you get paid.

As long as your subject matter is focused and narrow, and ideally based on a highly searched keyword or phrase, then this can be a way to generate decent money. However, the traffic levels to your blog will have an impact on how much money you can reasonably make.

(2) Video Content:

Another way to benefit from Google Adsense is to create your own YouTube channel, produce videos and again insert links from Google so that relevant pay-per-click advertising will appear on and around the video. Again if people click then you get paid.

Write eBooks:

Devices such as the iPad, the Kindle and other eReaders, provide you with the opportunity to self-publish eBooks and sell them through Amazon.

You may not be able to come up with the next Harry Potter work of fiction but there is good money to be made writing ‘How To’ books on just about any subject.

They don’t even need to be that long either.

As little as 50 pages or 8,000 – 10,000 words covering a topic of general interest can be enough to produce something that will sell for one dollar or one pound sterling. That might not seem like a lot but sell 1,000 of them and you’ve made a decent sum of money.

Write something on an evergreen topic and it could sell for years.

If you write several eBooks like this on evergreen topics, that could become a decent income stream.

And what do I mean by evergreen?

These are topics for which people have always looked for solutions. That might be something like tips for good time management, or how to lose weight, and so on.

And even if you’re not an expert you can research the necessary information and pull it together for people. Essentially you will be doing the work for your readers.

And don’t forget, nowadays you also have the power of artificial intelligence (AI) to help you in the form of Gemini and ChatGPT. These are powerful writing aids.

Develop Apps:

If you can learn to write code, and of course, you can learn to write code, then you can also learn how to develop apps. If you can develop a killer app and sell it through the App Store then you can make serious money.

And a great app might attract a corporation to buy it for big money. By way of an example, the app Wordle was sold to the New York Times for more than $1 million. That’s a decent payday, don’t you think?

OK, so you’d love to develop an app but you don’t know where to start, right?

Well, there are endless videos and tutorials on YouTube and from these, you can learn how to code and develop apps.

Yes, there’s some work to be done upfront of course.

However, a good app will generate money for years to come. Just think about apps like Candy Crush Saga.

Produce something that becomes a real fad and there’s serious money to be made.

11 things to bear in mind:

If becoming self-employed appeals to you and you fancy making money as an online entrepreneur then here are 11 things you should bear in mind:-

  1. Know your target customers.
  2. Know your target niche or niches
  3. Know your strengths and interests?
  4. Apply your strengths and interests to serve customers
  5. Recognize that different markets need different strategies.
  6. Make sure you’re capturing buying intent.
  7. Create an image that will appeal to your target audience.
  8. With a website, traffic matters.
  9. Search engine optimization (SEO) will bring traffic.
  10. Getting backlinks from other websites will help with SEO.
  11. Be determined, work hard, and learn as you go.

6 things you must do when you’re self-employed:

(1) Register with the tax authorities: Make money by all means but pay your taxes too. Upsetting the tax authorities is not a good idea dear reader wherever you live. In some countries, tax regimes are more benign than in others but it’s always better to keep the tax authorities happy.

(2) Register for sales taxes and VAT: Again it’s all about paying your dues. If you do well financially then you have an obligation to share some of your wealth with the rest of society. Taxes are the price we pay to live in society and you can’t have a successful business without the society in which you live.

(3) Get a separate business bank account: Keep your business activities separate from your personal life. This is very important.

(4) Keep accurate and up-to-date records: You’ll need these in any dialogue with the tax authorities. You don’t want to end up paying more tax than was necessary. Paying your dues is one thing; overpaying your dues is careless.

(5) Insure your business: When you’re in business, you’re required by law to have certain insurance policies. Exactly which policies you need depends on the nature of your business activities. Make sure you know your obligations and act accordingly.

(6) Keep it simple: In the early days, you don’t want to be spending money you don’t have on things that are initially unnecessary. So keep everything as simple as possible for as long as possible.

Conclusion:

Self-employment can be an attractive proposition and for most people, it is the only way you will ever make a fortune. It’s not easy of course but it can be done and you don’t have to ditch your day job to get started.

With an online business, you can start small and build it up over time. And you can mix and match options. For instance, you can start a website to make money with both affiliate marketing and Google Adsense or EZOIC.

A good review website can become quite profitable and once it’s generating revenues on ‘autopilot’ it can become an asset that you can sell for serious money. There are plenty of examples where such sites have sold for 6 and even 7-figure sums.

Don’t underestimate the challenges of course but it can be done and people do. Why not you?

So, think carefully about how best to exploit the opportunities before you and then have a go.

Good luck and may you be the next Richard Branson.

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Creating a Life Plan: 17 ways the rich think differently

Creating a Life plan

Have you ever thought about creating a life plan, dear reader? If you’re young and have your life ahead of you, certainly, it’s a good idea. You can always let life happen to you, of course, but it’s better if you go out and make life happen the way you’d prefer it to be. And to have a good life, having money certainly helps. So money is at the heart of life planning.

Now, why is it that some people are wealthy and others are not?

You might argue that the rich inherit money, and therefore they’re just lucky. For a few people, that may be true. However, it’s not a universal truth.

Having wealthy parents helps, no doubt but there are plenty of examples of self-made millionaires and billionaires. And there are plenty of examples of people who lost all their wealth and then just created another fortune.

There are also plenty of examples of poor people who enjoyed good fortune winning a lottery only to squander their millions within a few short years.

This would suggest that the rich and poor have a different philosophy concerning creating a life plan and money as a resource.

17 ways the rich and poor think differently:

The video embedded here explores 17 ways in which rich people and poor people think differently. It’s an interesting video and it makes some really useful points that will help you in your life planning. It’s informative and well worth a few minutes of your time, in my opinion.

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Thank you for your support.

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What matters most in life? People or money?

What matters most in life? People or money? Think about that for a second or two.

Occasionally, I’m sure we all think to ourselves, “Wouldn’t it be wonderful to be rich and financially secure?

It sounds fantastic, doesn’t it? Money, money, money!

You’d be able to do whatever you want, travel anywhere, and buy anything. Whether it’s a nice house, a fabulous car, the best clothes, the latest fashions, or the latest gadgets, you could have them all.

No more searching for cheap flights or even cheaper holidays.

And you wouldn’t have to worry about a job anymore, would you?

Wealth would mean the end to all your problems, surely?

Wealth is not a life without problems:

If only it were that easy, dear reader. Wealth, if you had it, might eliminate some of your problems, but it would also present you with lots of new ones.

Remember, riches may be chains of gold, but chains of gold are still chains.

Everyone has problems, regardless of any wealth and privileges they may enjoy. They’ll just have different problems.

Caretaker of your possessions:

If wealth is something you’ve yet to experience, then it may not be obvious to you, but once you’ve got plenty of money, you become the caretaker of your possessions.

You worry about losing your wealth. And you worry about the volatility of financial markets and how your wealth will be affected, both now and in the long term.

When you’ve got money, plenty of people will be hoping they can separate you from at least some of it. It seems like everyone is trying to sell you something and/or give you advice at a price.

Others will resent your wealth:

And don’t forget, many people will resent you for your wealth. Not everyone will be happy for you, that’s for sure.

Then you become a magnet for criminals, con artists, and even politicians who want a piece of your wealth.

You don’t know who you can trust anymore. Do people become your friends because they like you, or are they simply after your money? Once you’ve got wealth, it’s virtually impossible to know.

The impact of instant wealth:

However much you may dream of winning the lottery, for instance, it would have an impact on your life in ways you couldn’t begin to imagine. It wouldn’t solve all your problems; it would present you with many more.

If you’ve suddenly gained wealth and your friends haven’t, then your relationship with them is unlikely ever to be the same again. Even if you share some of your sudden wealth with them, it’s unlikely to help.

Whatever you share with people from your winnings, will just create tensions within your friendship group. Why did you give her X and I only got Y? That will be one accusation you’ll hear frequently, for instance.

What matters most in life? 

If you are wealthy, dear reader, I’m pleased for you. Enjoy it all.

For those people working hard to become rich, good luck to you. I hope you achieve your goals and enjoy your wealth when you find that pot of gold at the end of the rainbow.

However, whatever your financial circumstances, never forget this: only people matter.

You can have all the money in the world, but without your family and close friends, you would have absolutely nothing at all.

It’s the people in our lives that make life worth living.

They make us laugh, and they make us cry. They’re there for us when we need someone to listen; someone to put an arm around our shoulder and tell us that everything will be fine; and someone to give us a pat on the back when we’ve done well.

Money might make life comfortable, but does it make you rich? I don’t think it does.

If your life is blessed with good people who care about you, then that’s when you’re truly rich. If you also have a sense of purpose and a hobby, then you have all you need. Anything else is a bonus.

Money is nice to have, of course, and I wouldn’t discourage anyone from seeking to build wealth. Quite the contrary, you should always be trying to build your little nest egg for the future.

However, money alone will not make you happy. To be happy, your life needs people, purpose, and a pastime.

These are the things that matter.

Money is simply the icing on the cake. It is nice to have, but it is not essential to your happiness. Whereas having people in your life is essential to your happiness.

If you could only have either money or family and friends, which would you choose? I’d choose the people every time.

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How much money is enough?

You may feel you would like more money in your pocket, but have you ever asked yourself the philosophical question, “How much money is enough?

If you ask a billionaire, the response is likely to be that no amount is enough. Let’s face it, they become billionaires because they’re constantly driven to make money.

However, other people might modestly settle for, say, $1 million.

People who are a little more thoughtful might give you a different number, somewhere between the two extremes, possibly.

We all need money, and we all want a decent standard of living.

However, always remember that there is a cost to chasing money. And that cost, among other things, is the impact it has on your time.

We can get more money, but we can never get more time. We all get 168 hours each week, and that’s it.

So, there comes a point where there might be a better way to spend your time than to chase more money.

And you’ll never know if you’ve reached that point if you don’t define it.

Studies have shown that happiness doesn’t increase beyond an income of around $70-80k per year.

That might seem modest, but it’s probably a comfortable living in most parts of the country.

However, it’s not enough to drive a new Mercedes every three years and vacation in Europe with the family every summer.

It would be tough to send your child to Harvard on a $70,000 salary.

So, ask yourself, How much is enough?

The answer is that it all depends on you and your circumstances.

To consider how much you need to live fully, think about the following:

How old are you?

How much longer can you reasonably expect to live?

If you’re 90, you probably require less money for the rest of your life than people in their 20s and 30s.

There are actuarial tables that can tell you how much longer you’re expected to live. However, you should plan to live longer than expected!

You will find an example of actuarial tables HERE and you might find this useful.

How much are your monthly expenses?

What would your expenses be if you were living the life of your dreams?

Let your imagination run wild. What expenses would you have?

A new bowling ball each year or a second house in Vail, Colorado? A housekeeper? A thoroughbred racehorse?

It’s your life. Determine how much it would take to finance what you think is your ideal life.

Who are you responsible for?

Do you have three children who will attend college in the next 10 years?

Do you have a spouse who doesn’t work?

Do you care for an ageing parent or parents?

For how long do you expect to have responsibility for financially providing for others?

Ultimately, you must consider every potential demand on your wallet or purse.

What is your current debt situation?

Do you have 20 years left on a mortgage hanging over your head?

Significant medical bills?

Credit card debt to repay?

Debt must be financed, and repayments must be made. So, you can’t ignore debt.

None of us can go on forever. At some point, we must all take life at a slower pace.

So, when would you like to retire, and how much do you need each month to live comfortably?

How would you like to spend your retirement?

Do you want to travel regularly?

Play golf every day?

How much would a typical month in your ideal lifestyle retirement cost?

What toys do you want to own? And by that, I mean serious toys.

A plane? A Porsche? A boat? A holiday home in Aspen or Tuscany? Swimming pool? Motorcycle?

If they give you pleasure, then it’s reasonable to work towards owning them

Then again, maybe you value your free time above all else and would be happy living a simple life with a Labrador retriever and a large vegetable garden, reading books all afternoon.

The choice is yours. Equally, you can go as far as your imagination will take you.

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There are no right or wrong answers to the question, “How much money is enough?

Everything depends on your desires and circumstances.

The number for you might be quite small or very high.

It’s just your number. It’s personal, that’s all.

If you’ve never considered how much money you need, then take the time to think about it.

Having money and financial freedom is great for a couple of things, in particular solving problems and providing choices.

However, beyond that, it has limited value.

Certainly, it’s a mistake to use money to establish status. Worrying about impressing your peer group should be left to teenagers.

Needing money for the wrong things is limiting. It requires working longer and harder than necessary.

You could be doing other things with your limited time on Earth.

Think long and hard about what is most important to you.

Ensure that you develop an income, savings, and net worth to acquire the possessions and freedom that will allow you to live your life the way you desire.

Spend time addressing this important issue, and you might be able to quit working sooner than you think.

However, have money in your head but never in your heart.

And never let your pursuit of money prevent you from spending time with family and friends.

A lonely old age would be a heavy price to pay for wealth creation.

There is little point in being the richest person in the graveyard with no one to mark your passing.

And never, ever forget to spend at least some of your time enjoying yourself. As we say where I come from, you’ll be a long time dead!

Roy Sutton

Roy Sutton is an experienced blogger whose main website has generated more than 350,000 page views per month. Before becoming a blogger, he was a businessman and CEO of a national telecom operator and had a professional background in telecom systems and information technology.

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How to turn enterprise into money and riches

How to turn Enterprise into Money and RichesBeing poor is sh*t. ~Bob Geldof

The media personality and former rock star Bob Geldof’s communication style tends to be blunt and to the point. He’s not a man to sugarcoat his words, or so it seems. However, he does make an important point here.

People may tell you that money isn’t important, but next to oxygen, it’s essential for a life worth living. You couldn’t live long without it today.

Exactly how much money you need depends on your preferred lifestyle, of course. However, even for a fairly basic lifestyle, a reasonable income is necessary.

None of us want to be poor, of course. Fortunately, we don’t have to be. It’s possible to turn enterprise into money, and money into wealth and riches.

And what do I mean by enterprise? I mean your energy, your resourcefulness, your imagination, your know-how and skills, your ambition, and your determination to make life better for you and your loved ones.

Essentially, you can make your life better simply by making it better for other people.

What is work?

The key message today is that you don’t need to be employed by a commercial enterprise or corporation to earn money.

While being employed is one way to earn money, it’s also perfectly feasible to establish your own business and earn your living by being self-employed.

And in the age of the Internet, it’s never been easier to start a business, even if you have very little money to invest.

Remember also that you can start a business initially as a part-time side hustle while being employed until it’s generating enough income for that business to become your primary means of making a living.

And never forget, for most people, the only way you’ll ever get seriously rich is through your own business.

Certainly, unless you’re a Wall Street investment banker or a lawyer, you’re unlikely to get seriously rich being someone’s employee, trading your time for money.

The key to success in business

The key to success in your own business is to find a way to solve problems for people for profit. That’s the way to turn your enterprise into money. And it’s a lot easier than you might imagine.

Let’s face it, there’ll always be plenty of customers for products and services, some of which are yet to be invented.

People will always have problems, and they’ll always need solutions to those problems.

Remember, every product sold by a company is a solution to a problem, or at least it should be.

Turn enterprise into money

Quotes about workIf you continually educate yourself on skills and know-how, then you can create wealth by seeking out customers for whom you can deliver solutions to their problems and/or provide them with services for which they have a need.

If you can satisfy those customers, then you’ll make money, and quite possibly a lot of money, if you can scale up that business as your customer base grows.

Manage your money wisely, and you can build your wealth too.

Determination, hard work, and an eye for problems to be solved are the main ingredients for business success. Your enterprise really can lead you to great wealth.

You don’t have to be poor

You don’t have to be poor unless you’ve given up and you’re just accepting that being poor is your lot in life. It’s not, and nor should it be.

You’re perfectly capable of generating your income, dear reader.

You just need to do stuff for other people and find a way to add value to their lives. In this case, adding value means solving problems or making their lives easier and/or better in some way.

Help yourself by helping others get what they need

It all comes down to your willingness to find a way to serve others. Simple!

There are opportunities there for you to take every single day of the week if you’re enterprising and ready to solve problems for other people. However, you do need to be fleet-footed.

The best time to start a business might have been last year, but the next best time is right now.

And age is no barrier to starting a business either. Remember, Colonel Sanders was 65 years old when he started KFC, and Ray Kroc was 52 when he started building the business we know as McDonald’s.

It can be done, and people do. Why not you? Go on, just go for it! Real riches can be yours.

Good luck!

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How to improve your life quality and have much more

How-to-improve-your-life-qualityHow to improve your life quality? That’s a question we often ask ourselves when life does not quite meet our expectations.

Embarrassed by circumstances

Have you ever been embarrassed by your limited circumstances?

Consider a situation. Perhaps all your friends were going on a night out, but you couldn’t join them because you simply didn’t have the money.

You wanted to join them, of course, but wealth and financial freedom were nothing but a distant dream for you at the time.

Maybe you’ve not had that particular experience but something similar, possibly? The actual situation for you may have been different, but your sense of embarrassment will not have been any less painful and hard to bear, I’m sure.

In one of his audio programs, the late Jim Rohn tells a story about an event that drove him to take a very close look at his life.

A Girl Scout called at Jim’s house one day to sell Girl Scout Cookies as part of an annual fundraiser. In exchange for the cookies, all she asked for was just two dollars.

This was many years ago, of course, but even then, this was not a huge sum of money.

However, Jim’s problem at the time was that he didn’t even have two dollars to spare, so he was reduced to lying to the poor girl. At this point, wealth was something Jim had yet to encounter.

Money does matter

Now some people will tell you that money doesn’t matter, but it does. In our world today, you can’t live without money any longer than you can live without oxygen or water.

Exactly how much money you need depends on your preferred lifestyle, of course. If you don’t want much out of life, then you’ll get by on very little money.

However, most of us do want more out of life; hence, having at least a degree of wealth does matter.

Wealth and financial freedom

Put simply, wealth means financial freedom.

Financial freedom, in turn, means you can do what you want whenever you want without feeling constrained by your circumstances.

A worthy aim, therefore, is to decide what you want out of life and then start working towards building your wealth.

It all starts with change

Have you ever thought to yourself, I don’t want to live like this anymore?

Perhaps you’ve said to yourself, I want more out of life.

You want more, but the problem is that you have no idea how to change your circumstances, right? If you need a little help, then don’t worry, dear reader; you’re not alone.

However, one thing you must accept is that unless you change, nothing will change.

You must increase your value

Perhaps you look at your salary each month and think, How can I start building wealth when this is all the company pays?

If that’s how you think, then you’ll need to change your philosophy or the way you look at things.

The salary you get may be all the company pays you, but it’s for the value of the contribution you make.

There will be other people who are paid a lot more than you. They’re paid more than you quite simply because they’re considered to be more valuable than you to the company.

I’m not suggesting that you’re not valuable. You are valuable as a father, a mother, a brother, a sister, a friend, or even a colleague.

However, my point reflects your economic value to your employer.

It’s a fact that if you’re in a low-skilled job where there’s an oversupply of potential replacements for your services, then you won’t earn much. That’s simply the economics of supply and demand.

However, just because you’re not more valuable now doesn’t mean you can’t become more valuable.

You can increase your skills with a little effort on your part, and you can become more valuable. Become more valuable, and your income will rise.

So while your circumstances may be limited right now, they don’t have to remain that way.

You can work on yourself and improve yourself. It’s all about self-improvement and personal development.

Success can be yours

Success doesn’t just happen to people. No one just gets lucky.

If you asked the CEO of a multi-national corporation how he or she got to where he or she is today, the response is unlikely to be, “Well, I just showed up for work each day, and they just kept promoting me.

No, people have worked very hard to get to a lofty position in life. You don’t get anywhere without hard work.

However, you attract success by the person you become, and you really can become more than you are now.

Jim Rohn suggested that profits are better than wages, and he had a point.

Every rags-to-riches story I’ve ever heard always involves someone’s own business. They started their own business, worked very hard, and one day they became very rich.

Build a business

Now you’re probably thinking, I don’t have the money to start my own business, and I can’t afford to give up my job on a whim.

That’s all true, I’m sure, but some people keep their job initially and start their own business as a part-time enterprise.

Jim Rohn himself built his success that way.

Jim began life in modest circumstances, but he went on to become a millionaire and one of the most influential thinkers of our time. And in case you’re wondering, no, he didn’t go to university.

It can be done; people do, and you can too.

Just make up your mind to start working on yourself.

Increase your value and look for opportunities to solve problems for people.

Solving problems is the basis for any business. Every product should solve a problem for consumers.

The psychology of wealth

There’s psychology linked to building wealth, and you would be wise to understand it.

In the embedded video included here, the late Jim Rohn explains the psychology of wealth and provides a lot of sensible advice.

Jim was a successful man by any measure, and it’s always worth listening to people who’ve achieved success. They know what they’re talking about because they’ve been there and done it.

He offers simple messages that are thought-provoking and powerful.

This video is well worth your time, and I recommend it to you. Watch it now while you have the chance.

Recommendations for your library

I think Jim Rohn was one of the best motivational speakers I’ve ever heard, and he’s been a big influence on me, that’s for sure.

He’s produced many books, videos, and audio programs over the years, and all of them would add real value to your library.

Two I can strongly recommend you add to your personal reference library are:

Book: Seven Strategies for Wealth & Happiness by Jim Rohn

Audio Program: The Art of Exceptional Living by Jim Rohn

I purchased both of these some time ago, and I still use them constantly as sources of inspiration and motivation.

The audio program is particularly useful, as I listen to it while driving. This means I can use my travel time profitably. Why listen to the radio when you could be listening and learning while you drive?

Purchasing these items represented money well spent for me, and I’ve found them enormously useful. I strongly recommend them to you.

Click on the links and check them out.

Even if you don’t buy them, they’re certainly worth considering. Go check out Jim Rohn’s books and audio programs now while they’re fresh in your mind.

Should you make a purchase, you will not regret buying them. I’m very confident in that.

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How to develop effective time management skills

Time Management SkillsTime Management Skills:

Developing effective time management skills is an essential ingredient for success, and I’m sure you’ll agree. You can’t add real value without making the best use of your time.

However, making the best use of it is not always easy in practice, is it?

So, how good are you, dear reader, at managing your time?

Do you have a reputation for being ruthlessly efficient and productive, or are you someone who’s always struggling to keep up?

When someone asks you to do something in the office, do you accept their request without question and simply add the task to your ‘To Do’ list? If you do, you’re not alone. Many people will do that, in my experience.

Alternatively, perhaps you’re the type who thinks carefully relative to your priorities before you accept such a request. Now be honest. We’d all like to think we’re the latter, when in fact far too many people are the former I think.

Productivity is what matters:

In the world of work, it’s easy to confuse being busy with being productive, but these two concepts are not the same thing at all, are they?

For instance, you can be busy doing things that don’t need doing at all. Whereas being genuinely productive means delivering real results from high-value tasks, which can only be done by someone with your skills.

And let’s face it, reputations are built by being productive, not merely by being busy. It’s the results you deliver, not the energy you expend, that matter most.

Time is your most precious resource:

How often do you hear someone say, “Oh, I would love to do that, if only I had the time.

And yet we all have the same amount of time, i.e. 168 hours per week.

Time is simply a resource like money, although it’s more important than money. I say that because you can get more money, but you can’t get more time. None of us can do that, can we?

So you must learn to use your time wisely. Time is your most precious resource, so you must develop effective time management skills.

High-value tasks must take precedence:

Modern pressures mean it’s easy for us to try to do too many things. We can all be a bit like that, including me, dear reader.

Our lives are cluttered with too many activities, too many objectives, too many distractions, and far too many demands on our time.

The result is that we tend to lose focus on what matters most and in the end we don’t do anything as well as we should have done.

In my experience, in most jobs, you’ll find that 90% of productivity is down to completing the top three or four major activities within that job. What I call high-value tasks.

If you take the top three major activities – the high-value tasks – associated with your job and focus on those to the exclusion of just about everything else you’ll almost certainly maximise your productivity and efficiency.

Most common time management mistake:

The problem is, when we’re working, we seem to find it easier to focus on minor tasks and random actions requested by other people.

We feel obliged to accept requests from others. It’s a common mistake of which we can all be guilty.

Now, while tidying up all those minor tasks might make us feel like we’re achieving some quick wins, we’re usually fooling ourselves.

By the end of the day, we’re usually left with a sense that we haven’t done all we should have done, and that leaves us feeling stressed.

And that’s when we start to think about how we might improve our time management.

We can’t do everything, nor should we try:

We must recognise that we can’t do everything, but we can be selective about what we choose to do.

And if we’re going to get those major tasks of higher value completed, then they must take precedence over those low-value, minor tasks, which can always wait if necessary.

High-value tasks should always take precedence over low-value tasks.

Work smarter:

People often think of time management as a skill that would allow them to work faster. Well, let me tell you this: that’s not the idea at all.

Effective time management skills allow us to work smarter rather than harder.

Instead of getting lost in the minutiae of everyday life, with effective time management skills, we focus on and prioritise those things that will add the most value to our productivity. In other words, we focus on high-value activity.

The law of three:

So. if time management is an issue for you, dear reader, start by taking a good, hard look at your list of daily activities and asking yourself these three questions:

  1. What single task can only I do and, when completed by me, will add the most value to the business?
  2. What’s the second task on my list that only I can do, and when I’ve completed it, will allow me to add the most value to the business?
  3. What is the third task on my list that only I can do and that, when completed by me, will add the most value to the business?

Once you’ve identified your list of three major, high-value tasks, that’s where your focus should be each day before you touch any other minor tasks or accept random requests from other people.

Most powerful time management tool:

The point of work is to deliver results. You’ll deliver the best results if you concentrate on your top three major tasks first.

And never forget that you’ll be judged by the results you deliver. No one cares what you have to do for someone else, they only care about the results they expect from you.

Your time is your time, and you must decide how it is to be used most effectively.

Just because someone asks for a piece of your time doesn’t mean you’re obliged to give it to them at the expense of your productivity. Never be afraid to deploy the most effective time management tool of them all.

And what is the most effective time-management tool? It’s the word NO.

Think of the word NO as a baseball bat.

Whenever someone requests that you do something, NO is how you can whack that request right out of the ballpark.

Be in control of your time, at all times:

You’re not obliged to agree to a request even if someone asks nicely. It’s reasonable to be working to your priorities.

All too often we feel obliged to do things for other people when we should have just said politely, “No, I’m sorry, but I can’t do that right now for you because I have to deliver this by 5 pm and it’s a priority.”

If our productivity matters to us, and it should, then our focus should always be on our major, high-value deliverables.

Unfortunately, we allow ourselves to be driven by the agendas of other people.

However that’s not good for our productivity, nor is it good for our well-being or stress levels.

People will take everything you’re prepared to give:

I can tell you from experience that other people will take everything you’re prepared to give and a bit more besides. That’s the nature of people.

However, if you fail to deliver what you’re being paid to deliver, then no list of incidental work completed for other people will be accepted as an adequate plea in your defence when your boss wants to know why you’ve failed to deliver your high-value results.

If you’re painting my house, I’ll measure you on the quality and timeliness of your work, not the amount of help you gave to my neighbour by, say, looking after her dog.

What you do for other people is irrelevant to me, should you fail to deliver what I’m paying you to deliver.

Focus on your priorities:

In reality, if your colleagues can’t get something done by you, they’ll simply ask someone else. So let them.

Why worry? Just be very polite when faced with a random request, but say NO firmly. I can tell you this: you’ll have to be disciplined, but it’s a habit worth developing.

We can all be guilty of expending far too much of our energy helping other people achieve their aims, to the detriment of our interests and our ability to deliver high-value results.

To achieve anything of significance in life, we must be focused on our major activities.

We must concentrate on completing our big three major high-value deliverables daily and focus relentlessly on working towards achieving our own goals generally.

The need for balance:

If you’re asked to do something, then it’s perfectly reasonable to say NO, if doing otherwise would prevent you from delivering the results you’re being paid to deliver on time.

Yes, of course, occasionally there will be tasks you’re obliged to accept for whatever reason.

However, mostly being firm in declining such a request is a sign that you’re assertive and in control of delivering as much value as possible.

Another polite but firm response to a request might be something like, “Sorry, I would love to help you with that, but I cannot right now because I have my hands full with the deadline for this project.

As with everything, there is a balance to be struck, of course.

Sometimes it’s in your interest to do someone a favour because one day you might need them to return that favour. That’s reasonable, provided you always retain a primary focus on keeping your main things the main things.

Conclusion:

You should always ensure that you’re making progress towards achieving your big three deliverables and your own goals generally.

It’s perfectly reasonable to have your agenda and a desire to achieve your own goals and add the greatest value only you can add.

If you want to make a difference, focus on your three major activities.

Those activities that only you can do.

And to ensure that you’re doing that, don’t be afraid to use the most effective time management tool of them all whenever necessary. Use the word NO politely but firmly.

Always keep the main things the main things.

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Time Management SkillsDid you find this article interesting and useful?

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