Why an investment in knowledge pays dividends

Today I want to explain why an investment in gaining knowledge is important and should be considered seriously.

You don’t get paid for the hour; you get paid for the value you put into the hour. Everyone must understand that important distinction, dear reader.

You get paid for the value you add.

The more value you can add, the more you’ll get paid over time.

It’s really that simple.

If you can solve problems for people with the skills you’ve got, then you can earn an excellent living.

The question is, what underpins your skills and your ability to add value? The answer to that question would be knowledge, of course.

Knowledge comes from learning, and learning is a lifelong process.

Learning is an investment

The quote at the top of this post from the venerable Benjamin Franklin reminds us of the importance of learning. Learning is an investment in ourselves.

We all have an enormous capacity to consume and retain knowledge in our heads, and that knowledge is then a currency with which we can trade. The more knowledge we have, the more value we can add.

When it comes to investing, nothing will pay you a better dividend than making sure you have a good education. And I stress that it’s a lifelong process. It doesn’t end when you leave school or college.

And it’s not about whether or not you went to college or university. Important as they may be, learning can be achieved in many ways.

Self-education is the best education

Knowledge can be gained through reading books, listening to audio and video tutorials, and challenging yourself to master anything that appeals to you.

Learning from hands-on experience, making mistakes, and learning the lessons you can take from any mistakes you’ve made.

In particular, if you want to master the game of money and all matters financial, then you need to become a seeker of financial knowledge and know-how.

You need to become a reader and a keen student of finance. To be successful in investing, of course, you need to know what you’re doing. You need financial education.

The price of ignorance

If you think that education is expensive, then think again. The price of ignorance is far greater.

Ignorance can prove to be very costly indeed. And that’s true in every aspect of your life.

Getting an education may seem expensive, but it’s nowhere near as expensive as ignorance.

So, if you’re not already, become a reader.

The investment in yourself is well worth the effort, and it’ll pay you a handsome dividend.

As the late, great Jim Rohn once said:

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How to sell anything to anybody and make money

Selling is a subject that often gets a bad name. Some people even look down on those who make their living by selling.

However, we’re all trying to sell something all the time. Even if it’s just the skills we have or a service we can provide. Let’s face it, if we’re to make a living, we must sell something. If you think about it, I’m sure you’ll agree, dear reader.

Learning the art of successful selling is very important. Everyone should hone their selling skills, even if it’s just to sell themselves effectively.

Selling is a process, and by learning a few simple techniques, you can improve your ability to sell.

So what are these techniques?

How to sell anything to anybody

1. Know your product:

Ultimately, it’s all about the product.

If you want to sell anything successfully, you must know your product. You must believe in the product too.

That product has to be something that you would buy yourself.

You need to know the product in detail. You need to know the features and benefits. You must be able to explain the advantages and the disadvantages.

Then you need to know all about your competitors’ products that your customers could buy as an alternative to your own.

This is important if you are to position your product against that of the competition and counter any reasons given by your customers as to why they might be reluctant to buy from you.

You need to be able to talk about your product favourably, relative to any other options that may be available to your customer.

2. Know the problem your product solves:

Ultimately, every product must solve a problem for the customer. A product must make the customer’s life easier in some way.

If a product doesn’t solve a problem for the target customer, why would they buy it? Why would any customer part with their money unless the product made their life easier?

So it’s simple. You must have a good understanding of the problem or problems for which your product can be an excellent solution.

And you must be able to explain this in simple, straightforward language.

3. Capture buying intent:

Cold-calling is the most inefficient and soul-destroying sales approach there could possibly be. Phoning or door-stepping people and saying, “Want to buy this?” will have a low success rate.

The key to successful selling is capturing warm sales leads. In other words, you must capture buying intent.

If a customer walks into a shirt shop, then you know they’re looking for a shirt, and therefore you have a very good chance of selling them one.

So find ways to engage people who are actively looking for something like the product you are selling.

To do this, you’ll need to ensure that your customers and potential customers have visibility of your product.

You must raise awareness of the product, as well as the features and benefits and the value it offers. You must create desirability too.

4. Know the customer’s needs:

Your product should have a target customer. You must know the sort of person for whom the product offers an ideal solution.

In other words, you must know who the product is aimed at and what their needs are likely to be.

To understand the customer’s needs, you may need to ask some questions first.

For instance, using the shirt-selling example again, a customer may be looking for something to wear for a formal occasion, or perhaps they’re looking for something more casual. You want to ensure that the shirt you sell them is right for their needs.

So you must identify the ways in which your product will satisfy the customer’s needs because, if you make a sale, you want the customer to feel they’ve got exactly what they wanted.

You want to ensure that they get a good buying experience. You certainly don’t want them to feel like they’ve been cheated in some way.

5. Build trust with the customer:

Trust matters, particularly when selling big-ticket items.

Customers need to feel that they can trust you to deliver a quality product and provide excellent after-sales service.

Far too often, people pay good money only to be let down. So naturally, they’re wary of salespeople, particularly when high-value products and services are involved.

Take the time to build trust with customers and reassure them that they will get what they’re paying for, and, should there be any problems at all, you will be there to ensure any such problems are resolved quickly and efficiently and at no cost to the customer.

Building trust with customers will pay dividends.

6. Sell the benefits:

You don’t sell the product to the customer; you sell the benefits and the problems that it solves.

In what ways will your product improve the customer’s life?

In what ways will your product potentially be an answer to the customer’s prayers?

In what ways does your product offer excellent value for money?

You don’t have to be the cheapest on the market, but you must convince a customer that it makes sense to buy your product rather than simply going for the cheapest product on the market.

Customers won’t part with their money unless they believe your product will add value to them somehow.

7. Know why your product is their best option:

Now, dear reader, if you’re in business, I’m sure I don’t need to tell you that it’s a highly competitive world out there.

Put simply, today’s customers have plenty of options.

You must be able to convince a customer as to why your product is their best option.

If you’ve got a good story to tell about your product, you can stimulate the customer’s interest.

And once you’ve got the customer interested, you can gently apply pressure to close the sale.

And don’t be shy when it comes to applying pressure gradually.

Business is business, and if you don’t close the sale, you can be sure that someone else will.

There’s an art to knowing how much pressure to apply, of course.

You shouldn’t push too hard because that can result in a negative reaction from the customer.

It can also leave customers feeling like they’ve been sold something they didn’t need.

If that happens, you’ve made a sale but lost a customer. That’s counter-productive.

The last thing you want is an unhappy customer because they’re likely to tell a lot of people about a bad experience.

Bad publicity and customers badmouthing you can hurt your business if you’re not careful. I’m sure you know that, but it’s worth repeating.

Conclusion:

No business or individual can succeed without making sales.

If it’s your job to sell, then you’ve got to sell. And if you don’t sell, you’ve failed. Simple!

If you don’t make sales and meet your targets, then the result is likely to be that you’ll lose your job very quickly.

Business can be an unforgiving environment, as I’m sure you’re only too well aware, dear reader.

No company can afford the luxury of having people on the payroll who don’t deliver the results for which they are paid.

And let’s face it, we’re all paid to deliver results.

In order to sell, the question to which you must have the perfect answer is:

If you’ve got a good answer and you’ve targeted the right customer with buying intent, then you’ve got a good chance of making a sale.

You also want to be confident that you can leave the customer feeling that in exchange for the money they’ve spent, they’ve received good value and a good buying experience.

So learn the art of successful selling. It will pay you a handsome dividend.

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You’ll be helping your friends, and you’ll be helping me too. So you really can make a difference to the lives of others.

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Here’s why the only disability in life is a bad attitude

the only disability in life is a bad attitudeHave you experienced a lot of adversity in your life dear reader?

Maybe you’re feeling a little bit sorry for yourself?

Life hasn’t been fair to you recently, possibly?

If life’s unfair, you might feel that you’re entitled to have a bad attitude. Everyone’s doing fine but you, so why shouldn’t you let the world know that you’re not happy, right? We all feel that way occasionally, don’t we? I do, that’s for sure.

However, if you’re trying to get people on your side with a negative attitude then you really should think again. No one will be joining you at the pity party. You won’t find anyone that is sympathetic to a bad attitude, trust me.

If there’s one genuine disability in life it’s a bad attitude.

It’s a fact that negativity never impresses anyone, ever. Other people have got enough problems of their own.

It doesn’t get people on your side, it will simply alienate them. You’ll be pushing them away rather than gathering their support and winning hearts and minds.

Life isn’t fair. If never has been and it never will be. That’s a fact, unfortunately.

You’ll find that life doesn’t care about what you want. It doesn’t care about what anyone wants.

It doesn’t care about any sense of entitlement you may have.

Nor does life care that you feel that you should have a bigger piece of the pie.

In my experience, life is what you make it. Nothing happens by accident unless you’re very, very lucky. And no one is that lucky consistently.

The life you enjoy or don’t enjoy will be defined by your attitude.

It’s not about what happens to you. Stuff happens to us all.

Yes, it’s true, some people bear a greater share of life’s challenges than others. However, ultimately, your life will be defined by how you respond to everything that happens to you.

Positive beats negative:

Attitude is everythingNo matter how tough life gets, a positive attitude will take you further than a negative one ever will.

A positive attitude is the most powerful response to life’s misfortunes.

It says you can knock me down as many times as you like but you won’t keep me down. I will get up and I will keep getting up until I get to where I’m going.

Now that sort of attitude really does impress people.

Life responds positively to those with a positive attitude. I can tell you that from personal experience.

You’ll find that a positive attitude will always get people on your side. Show them that you can rise above everything life throws at you and you’ll have their respect.

In the embedded video included below, Matthew Jeffers, a senior acting major at Towson University in Maryland, provides us all with an inspiring message with the letter he wrote to the Baltimore Ravens, his favourite NFL team.

The letter was entitled “A Reason to Win” and it’s all the more impressive when considered against Matthew’s own struggles with Skeletal Dysplasia.

The ultimate lesson is that life’s not going to cut you any slack just because you’re feeling sorry for yourself.

Attitude is everything:

Yes, it’s true. Attitude is everything. If you believe you can, you will; if you believe you can’t, you won’t. It’s that simple.

Many people experience tough lives and however hard your life is there’ll be plenty of people out there whose lives are far tougher than yours. Many people experience disabilities of varying degrees of severity but actually, as Matthew Jeffers observes, the only real disability in life is a bad attitude.

So if you’re feeling a bit dispirited right now, take a good hard look at yourself and think about the positives you have in your life, rather than constantly focusing on the negatives.

This video will inspire you, so take a look at it now. It’s well worth a few minutes of your time.

The only disability in life is a bad attitude:

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How to build confidence and self-esteem

Building confidence and self-esteem is a journey that can transform your life. It’s about recognizing your worth and believing in your abilities.

One way to start is by changing negative self-talk. When you catch yourself thinking negatively, try to replace those thoughts with more positive ones. This can help shift your mindset over time.

Taking care of your body can also boost confidence. Eating healthy foods and exercising regularly can make you feel stronger and more energized. This physical boost often leads to feeling better about yourself overall.

Key Takeaways

  • Self-confidence grows through daily positive actions and self-talk
  • Physical self-care supports mental well-being and self-esteem
  • Building a supportive environment helps maintain confidence long-term

Understanding Self-Esteem and Confidence


Self-esteem and confidence shape how we view ourselves and interact with the world. These qualities affect our thoughts, behaviors, and overall well-being. They can be improved through practice and self-awareness.

The Psychology of Self-Esteem

Self-esteem refers to a person’s overall sense of self-worth and value. It develops from early childhood experiences and continues to evolve throughout life. People with high self-esteem tend to have a positive self-image and feel worthy of respect and happiness.

Those with low self-esteem may struggle with negative self-talk and doubt their abilities. They often compare themselves unfavorably to others and have trouble accepting compliments.

Self-esteem impacts many areas of life, including:

  • Relationships
  • Career choices
  • Decision-making skills
  • Ability to handle stress

Improving self-esteem involves challenging negative thoughts and practising self-compassion. This process takes time but can lead to significant positive changes.

The Interplay Between Self-Esteem and Confidence

While related, self-esteem and confidence are distinct concepts. Confidence refers to trust in one’s abilities in specific situations. It can vary depending on the task or circumstance.

A person may have high self-esteem but low self-confidence in certain areas. For example, someone might feel good about themselves overall but lack confidence in public speaking.

Building confidence often involves:

  1. Setting small, achievable goals
  2. Practicing new skills regularly
  3. Celebrating successes, no matter how small

As confidence grows, it can positively impact self-esteem. Likewise, higher self-esteem can make it easier to develop confidence in new areas. This creates a positive feedback loop that enhances both qualities over time.

Cultivating a Positive Mindset


A positive mindset helps build confidence and self-esteem. It involves changing how we think about ourselves and the world around us. This change can lead to better mental health and more success in life.

Challenging Negative Self-Talk

Negative self-talk can hurt a person’s confidence. It’s that voice in their head that says mean things. People can learn to spot this talk and fight back.

One way is to write down negative thoughts. Then, look for proof that they’re wrong. Often, there isn’t any. Another trick is to ask, “Would I say this to a friend?” If not, it’s too harsh.

People can also try to change negative thoughts to neutral ones. Instead of “I’m so dumb,” they might think, “I’m still learning.” This is more fair and kind.

Embracing Positive Affirmations

Positive affirmations are good things people say to themselves. They can boost mood and confidence. To use them, pick a few short, true statements.

Examples might be:

  • I am capable and strong.”
  • I learn from my mistakes.”
  • I am worthy of love and respect.

It helps to say these out loud each day. Writing them down works too. The key is to pick ones that feel true. Over time, the brain starts to believe them more.

Fostering Gratitude

Gratitude means feeling thankful for good things in life. It can make people happier and more confident. There are easy ways to practice it every day.

One idea is to keep a gratitude journal. Each night, write down three good things that happened. They can be big or small. Another way is to tell others “thank you” more often.

People can also try a gratitude walk. During the walk, they notice things to be thankful for. It might be nice weather or a pretty flower. This helps train the brain to see the good in life.

Practical Steps to Build Confidence


Building confidence takes effort and practice. These steps can help boost self-esteem and develop a more positive self-image.

Setting and Achieving Realistic Goals

Start by setting small, achievable goals. This helps create a sense of accomplishment and builds momentum. Break larger goals into smaller tasks to make them less overwhelming.

Make small promises to yourself and follow through. This builds self-trust and confidence in your abilities.

Track progress and celebrate small wins. This reinforces positive behavior and motivates further action.

Gradually increase the difficulty of goals as confidence grows. This allows for continuous growth and development.

Developing Assertiveness and Healthy Boundaries

Practice speaking up for oneself in a calm, clear manner. This helps build assertiveness skills.

Learn to say “no” to requests that don’t align with personal values or goals. This establishes healthy boundaries.

Express thoughts and feelings openly and honestly. This improves communication and self-assurance.

Stand up for personal rights and needs while respecting others. This balance is key to healthy assertiveness.

Cultivating Strengths and Acknowledging Success

Identify personal strengths and talents. Focus on developing these areas to boost confidence.

Take on new challenges that align with strengths. This provides opportunities for growth and success.

Keep a record of accomplishments, big and small. Review this list regularly to remind oneself of past successes.

Practice self-compassion and positive self-talk. This helps reframe negative thoughts and builds a more positive self-image.

Accept errors gracefully and learn from mistakes. This fosters resilience and continued personal growth.

Overcoming Challenges to Self-Esteem


Building self-esteem takes effort and persistence. It’s normal to face setbacks. The key is learning how to handle common roadblocks in healthy ways.

Dealing With Failure and Mistakes

Failure and mistakes can hurt self-esteem. But they’re normal parts of life. The trick is changing how you think about them.

Try to see mistakes as chances to learn. Ask: “What can I do better next time?” This helps you grow.

Be kind to yourself when you mess up. Talk to yourself like you would a good friend. Say things like “It’s okay, everyone makes mistakes.”

Make a list of times you bounced back from failure. Look at it when you’re feeling down. It can remind you that you’re strong.

Managing Anxiety and Depression

Anxiety and depression often go hand-in-hand with low self-esteem. They can make you doubt yourself. But there are ways to cope.

Try relaxation techniques like deep breathing or muscle relaxation. These can calm your mind and body.

Challenge negative thoughts. When you think, “I’m not good enough,” ask, “Is that really true?” Look for proof that you are capable.

Exercise can boost mood and confidence. Even a short walk can help. Eating well and getting enough sleep matter too.

If anxiety or depression feel too big to handle alone, talk to a doctor or therapist. They can offer more support.

Stopping the Comparison Trap

Comparing yourself to others can really hurt self-esteem. But it’s a hard habit to break. Here are some tips:

Focus on your own progress. Keep a journal of your achievements, big and small.

Remember that social media often shows only the best parts of people’s lives. It’s not the full picture.

Make a list of your unique strengths and talents. Everyone has different gifts. Yours are just as valuable as anyone else’s.

Practice gratitude. Write down three things you’re thankful for each day. This helps you see the good in your own life.

When you catch yourself comparing, try to shift your focus. Do something you enjoy or help someone else instead.

Self-Care for Self-Esteem


Taking care of yourself is key to building confidence and self-esteem. Self-care practices can boost your mood, reduce stress, and help you feel more positive about yourself.

Incorporating Exercise and Physical Activity

Regular exercise is great for self-esteem. It releases endorphins that make you feel good. Even short walks can help. Try to exercise 30 minutes a day most days of the week.

Some good options include:

  • Jogging
  • Swimming
  • Yoga
  • Dancing

Exercise helps people feel stronger and more capable. It can improve body image too. Setting and reaching fitness goals builds confidence that carries over to other areas of life.

Embracing Self-Acceptance Through Self-Care

Self-care rituals promote self-acceptance. Taking time for yourself shows you value your own wellbeing. Simple acts like getting enough sleep or eating healthy foods count as self-care.

Other ideas:

  • Take relaxing baths
  • Read enjoyable books
  • Spend time in nature

Treating yourself with kindness is key. Avoid negative self-talk that hurts self-esteem. Replace harsh self-criticism with gentler, more accepting thoughts.

The Role of Meditation and Mindfulness

Meditation and mindfulness can calm anxious thoughts that harm self-esteem. These practices help people tune into the present moment instead of worrying. Even a few minutes of meditation each day can make a difference.

Guided meditations are great for beginners. They lead you through the process step-by-step. Many free guided meditations are available online or through apps.

Mindfulness also helps people notice and refute negative self-talk. By observing thoughts without judgment, it’s easier to let go of self-criticism.

Nurturing a Supportive Environment


Creating a positive environment and seeking help when needed are key to building confidence. These steps can make a big difference in how you feel about yourself.

Surrounding Yourself With Positive People

Positive people can lift your spirits and boost your self-esteem. Choose friends who support and encourage you. Spend time with those who make you feel good about yourself.

Cut back on time with negative people. Their attitudes can bring you down. Instead, seek out upbeat, caring friends and family members.

Join clubs or groups with shared interests. This can help you meet like-minded folks. Look for activities that make you feel good and confident.

At work, try to connect with positive coworkers. Their outlook can rub off on you. Avoid office gossip and drama when you can.

Seeking Professional Help When Needed

Sometimes, we need extra support to build confidence. It’s okay to ask for help. A therapist or counselor can offer tools to improve self-esteem.

They can teach ways to change negative thinking. This helps you see yourself in a better light. Cognitive-behavioral therapy (CBT) is often used for this.

Support groups can also be helpful. You’ll meet others facing similar issues. Sharing experiences can make you feel less alone.

If you’re not sure where to start, talk to your doctor. They can refer you to mental health services. Many workplaces also offer counseling programs.

Tools for Ongoing Confidence Building


Building confidence is a journey that requires consistent effort and the right tools. These methods can help you develop a stronger sense of self-worth over time.

The Power of Journaling

Journaling is a powerful tool for boosting self-esteem. It allows you to track your thoughts, feelings, and progress. Write down your daily accomplishments, no matter how small.

This practice helps reinforce positive self-belief. Try gratitude journaling to focus on the good things in your life. It can shift your perspective and improve your mood.

Use prompts to explore your emotions and experiences. For example: “What made me proud today?” or “How did I handle a difficult situation?”

Regular journaling can reveal patterns in your thinking and behavior. This awareness is key to personal growth and building lasting confidence.

Understanding the Root Cause of Low Self-Esteem

Identifying the source of low self-esteem is crucial for overcoming it. Common causes include:

  • Childhood experiences
  • Negative self-talk
  • Comparison to others
  • Past failures or rejections

Reflect on your past and present to pinpoint these factors. Ask yourself when you first started doubting your abilities.

Consider seeking help from a therapist or counselor. They can provide tools to work through deep-seated issues.

Challenge negative thoughts when they arise. Replace them with more balanced, realistic views of yourself.

Remember that your worth is not determined by others’ opinions or past events. Focus on your strengths and unique qualities.

Continuous Learning and Personal Development

Engaging in ongoing learning helps build confidence and self-esteem. Set goals for personal growth and pursue new skills or knowledge.

Take online courses, attend workshops, or read books on topics that interest you. Each new skill you acquire boosts your self-belief.

Try activities outside your comfort zone. This expands your abilities and shows you’re capable of more than you thought.

Celebrate your progress along the way. Acknowledge how far you’ve come and the effort you’ve put in.

Surround yourself with supportive people who encourage your growth. Their positivity can reinforce your own self-confidence.

Remember that personal development is a lifelong process. Be patient with yourself as you learn and grow.

Frequently Asked Questions

Building self-esteem and confidence involves various strategies and practices. These include positive self-talk, setting achievable goals, and recognizing personal strengths. Regular exercise and self-care also play important roles in boosting self-worth.

What are effective strategies to enhance self-esteem in adults?

Adults can boost their self-esteem by practicing positive self-talk. This involves challenging negative thoughts and replacing them with more balanced, realistic ones.

Setting and achieving small goals helps build a sense of accomplishment. Adults should celebrate their successes, no matter how small.

Engaging in activities that showcase personal strengths can increase feelings of competence and worth.

What can women do to improve their self-wares of approaches to build self-esteem in teenagers?

Teenage girls can improve their self-esteem by focusing on their unique qualities and talents. Encouraging them to pursue hobbies and interests they enjoy can boost confidence.

Teaching assertiveness skills helps teenagers stand up for themselves and their beliefs. This can lead to increased self-respect.

Promoting a healthy body image is crucial. Emphasizing health and strength over appearance can help build a positive self-image.

List some daily practices that can help boost confidence.

Regular exercise is a powerful confidence booster. It releases endorphins and improves overall mood and energy levels.

Practising gratitude by listing three things to be thankful for each day can shift focus to positive aspects of life.

Dressing in clothes that make one feel good can improve self-image and boost confidence throughout the day.

How can individuals overcome feelings of low self-esteem?

Identifying and challenging negative self-talk is crucial. Cognitive behavioral therapy techniques can help reframe harmful thoughts.

Seeking support from friends, family, or a therapist can provide new perspectives and coping strategies.

Setting realistic goals and working towards them can build a sense of accomplishment and self-worth.

What is the role of personal achievements in fostering self-confidence?

Personal achievements, big or small, serve as concrete evidence of one’s capabilities. They provide a foundation for self-belief.

Reflecting on past successes can boost confidence when facing new challenges. It reminds individuals of their ability to overcome obstacles.

Setting and achieving goals creates a positive feedback loop. Each accomplishment builds confidence for future endeavors.

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So please share it now. If you do, I will be forever grateful.

Thank you. Your support is appreciated, dear reader.

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Copyright © Mann Island Media Limited 2024. All rights reserved.

21 Quotes by Larry David that’ll make you think

If you were a fan of the US sitcom Seinfeld then you will be familiar with the name Larry David. He was the creator of that series along with Jerry Seinfeld and for me, it’s one the finest sitcoms of all time.

Lawrence Gene David, to give Larry David his full name, was born in Brooklyn, New York. He is a comedian, writer, actor, director, and television producer.

Larry David was Seinfeld’s head writer and executive producer from 1989 to 1997. He subsequently gained further recognition for the sitcom series Curb Your Enthusiasm, which he also created, and he stars as a semi-fictionalized version of himself.

Here are 21 quotes by Larry David which might make you think and some might even make you smile. All are well worth a few minutes of your time.

Quotes by Larry David (1-10):

  1. Golf and dating don’t mix.
  2. You write about what you know.
  3. You know, I’m really not that bright.
  4. Women love a self-confident bald man.
  5. I have reservations about everything I do.
  6. My background is degradation and sloth, mostly.
  7. I tend to stay with the panic. I embrace the panic.
  8. If you tell the truth about how you’re feeling, it becomes funny.
  9. Well, after the divorce, I went home and turned all the lights on!
  10. I don’t like to be out of my comfort zone, which is about half an inch wide.

Quotes by Larry David (11-21):

  1. I had a wonderful childhood, which is tough because it’s hard to adjust to a miserable adulthood.
  2. It’s always good to take something that’s happened in your life and make something of it comedically.
  3. I think that what people imagine they’re going through is much worse than what they are going through.
  4. Anyone can be confident with a full head of hair. But a confident bald man? There’s your diamond in the rough.
  5. I wanted to make a living but I really wasn’t interested in money at all. I was interested in being a great comedian.
  6. When you’re not concerned with succeeding, you can work with complete freedom.
  7. I’m not a person who embraces challenges. I run from challenges. I break world records running from challenges.
  8. Whenever something good happens to me, it’s usually followed by something terrible.
  9. I was very fortunate to hook up with Jerry in the first place. The network was already committed to doing something with him, so I skipped a couple of hundred steps right there.
  10. I think we’re all good and bad, but good’s not funny. Bad is funny. Suppress the good and let the bad out, and then you can be funny.
  11. I’m really only happy when I’m on stage. I just feed off the energy of the audience. That’s what I’m all about – people and laughter.

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The 4 steps to financial freedom

Many people are searching for the steps to financial freedom. Search the internet and there will be references to seven, eight, nine, and even ten steps but I think only four steps matter.

However before I discuss those steps, let us first think about the biggest cause of people remaining poor, namely the debt burden.

Statistics suggest that most people these days are heavily in debt. And debt is a burden that enslaves us. Knowing we have debts can be stressful.

What is the underlying cause of such debt? That’s simple. Mostly it’s the overuse of credit cards with little or no thought to how this will affect our financial well-being.

Unsecured debt built up through the excessive use of credit cards is expensive. Very, very expensive!

That means even a small sum outstanding on a credit card can quickly become a large debt due to the effect of compound interest if you only make the minimum payment each month.

Are you affected by debt, dear reader? Are your finances out of control? Would you like to achieve financial freedom?

Steps to Financial Freedom:

People often say, “If only I could increase my income, I could pay off my debts.”

Those same people, if they did increase their income, would probably just spend more. And financial freedom would remain a distant dream.

If financial freedom is your aim, then you must take control of your finances. The steps to financial freedom are as follows:-

1. Spend less than you earn:

It all starts with spending less than you earn. If you spend less than you earn, you can work on becoming debt-free and then start to build capital.

2. Pay yourself first:

You must always pay yourself first. What does that mean? It means that as soon as you get paid each month, you take a minimum of 10% of what you earn and put it away somewhere safe immediately.

Never, ever wait until the end of the month to see what you’ve got left.

If you do that, you’ll never save anything.

If you take 10% upfront, it will just be another debit on your income like taxes and pension contributions. You’ll quickly get used to having only the remaining 90% to live on.

And what do you do with the 10% or whatever you’ve put away?

3. Eliminate credit card debt:

Initially, if you have a credit card debt burden, then it makes sense to use that money to deal with paying off your debt first because the interest you’ll pay on the debt is always greater than any interest you’ll get on savings.

To pay off your credit card debt, you must find a way to eliminate the interest element each month so that any payments you then make go against the outstanding balance.

And how is that done?

Well, when you take out a new credit card account, it often comes with a period of zero interest, usually six months. These accounts also usually allow you to transfer in outstanding debt from another credit card account.

So by moving from one card provider to another and transferring the debt across to the new account, you then have a period of six months to make payments against the outstanding balance without accumulating interest on the old debt.

Never, ever use this card to increase your debt. Use it only to reduce your debt.

At the end of the period of zero interest on your new card, repeat the process if necessary. Once again, you move to another card account offering you a zero-interest period. By focusing only on the outstanding balance, it will be paid off sooner.

Eliminating the burden of debt is the first step on the road to financial freedom.

Freedom from debt will give you peace of mind. And that peace of mind is a good reason for spending less than you earn.

Once the debt is cleared, what next with the money you’ve paid yourself first?

4. Build capital:

Initially, put your money into a savings account. Then, as that builds into a larger sum, you can start thinking about other forms of investment like stocks, bonds, and property.

Once you develop the habit of putting some of your money away each month, it’s amazing how quickly it accumulates into a decent capital sum, and you’ll be on the road to achieving financial freedom.

Conclusion:

Learn to live within your means.

If you live modestly and spend your money wisely, you can ensure that you have enough money when you need it.

You can also build that nest egg for your retirement and give a little back to those less fortunate than yourself. And you’ll feel so much better about yourself too.

Conversely, gathering too much clutter through excessive spending on things you don’t need can become stressful, as well as wasteful. The choice is yours.

Financial freedom is achievable, and it will give you peace of mind.

You will sleep better knowing you’re debt-free.

Do this, and one day your older self will be grateful you made the effort, I can assure you.

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15 Quotes by Elon Musk to help get you thinking

Born in Pretoria, South Africa, Elon Musk is a technology entrepreneur and engineer. He holds South African, Canadian and U.S. citizenship and is probably best known as the co-founder, CEO and product architect of Tesla Inc.

In 2016, he was ranked 21st on the Forbes list of the World’s Most Powerful People.

Apparently, his net worth is around $19.4 billion and he’s listed by Forbes as the 40th-richest person in the world.

By any definition, Elon Musk is a clever and successful man and of course, it’s always worth listening to successful people.

So today I offer you 15 quotes by Elon Musk dear reader.

He’s an interesting character and his observations will certainly get you thinking I’m sure.

15 Quotes by Elon Musk:

  1. I think it matters whether someone has a good heart. ~Elon Musk
  2. I hate writing about personal stuff. I don’t have a Facebook page. I don’t use my Twitter account. I am familiar with both, but I don’t use them. ~Elon Musk
  3. When something is important enough, you do it even if the odds are not in your favour. ~Elon Musk
  4. If you get up in the morning and think the future is going to be better, it’s a bright day. Otherwise, it’s not. ~Elon Musk
  5. People should pursue what they’re passionate about. That will make them happier than pretty much anything else. ~Elon Musk
  6. I think that’s the single best piece of advice: constantly think about how you could be doing things better and questioning yourself. ~Elon Musk
  7. There have to be reasons that you get up in the morning and you want to live. Why do you want to live? What’s the point? What inspires you? What do you love about the future? If the future does not include being out there among the stars and being a multi-planet species, I find that incredibly depressing. ~Elon Musk
  8. Some people don’t like change, but you need to embrace change if the alternative is disaster. ~Elon Musk
  9. People work better when they know what the goal is and why. It is important that people look forward to coming to work in the morning and enjoy working. ~Elon Musk
  10. I think it’s very important to have a feedback loop, where you’re constantly thinking about what you’ve done and how you could be doing it better. ~Elon Musk
  11. Man has the power to act as his own destroyer – and that is the way he has acted through most of his history. ~Elon Musk
  12. Really, the only thing that makes sense is to strive for greater collective enlightenment. ~Elon Musk
  13. We can’t have, like, willy-nilly proliferation of fake news. That’s crazy. You can’t have more types of fake news than real news. That’s allowing public deception to go unchecked. That’s crazy. ~Elon Musk
  14. Brand is just a perception, and perception will match reality over time. Sometimes it will be ahead, other times it will be behind. But brand is simply a collective impression some have about a product. ~Elon Musk
  15. In order to have your voice be heard in Washington, you have to make some little contribution. ~Elon Musk

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25 Quotes by Adam Smith that will make you think

Today I thought exploring some quotes by Adam Smith would be interesting.

Adam Smith was a Scottish economist and philosopher who was a pioneer in the thinking of political economy.

He wrote two classic works, The Theory of Moral Sentiments (1759) and An Inquiry into the Nature and Causes of the Wealth of Nations (1776).

The latter, often abbreviated as The Wealth of Nations, is the first modern work that treats economics as a comprehensive system and as an academic discipline.

Adam Smith laid the foundations of classical free market economic theory, and he developed the concept of division of labour and expounded upon how rational self-interest and competition can lead to economic prosperity.

However, Adam Smith was a controversial figure in his day, and his general approach and writing style were often satirised by other writers such as Horace Walpole.

Nevertheless, he was an important figure, and his ideas are influential to this day. So, as always with successful people, it’s worth thinking about what he had to say.

So, here are 25 quotes by Adam Smith that will make you think.

I hope you’ll find them interesting and, please, do pass them on.

Quotes by Adam Smith (1-10):

  1. All money is a matter of belief.
  2. Every man lives by exchanging.
  3. There’s a lot of ruin in a nation.
  4. Happiness never lays its finger on its pulse.
  5. Mercy to the guilty is cruelty to the innocent.
  6. Individual ambition serves the common good.
  7. The real tragedy of the poor is the poverty of their aspirations.
  8. No complaint is more common than that of a scarcity of money.
  9. This is one of those cases in which the imagination is baffled by the facts.
  10. Never complain of that of which it is, at all times, in your power to rid yourself.

Quotes by Adam Smith (11-20):

  1. With the greater part of rich people, the chief enjoyment of riches consists in the parade of riches.
  2. What can be added to the happiness of a man who is in health, out of debt, and has a clear conscience?
  3. Man is an animal that makes bargains. No other animal does this. No dog exchanges bones with another.
  4. Labour was the first price, the original purchase, money that was paid for all things. It was not by gold or by silver, but by labour, that all wealth of the world was originally purchased.
  5. The real and effectual discipline which is exercised over a workman is that of his customers. It is the fear of losing their employment which restrains his frauds and corrects his negligence.
  6. As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed and demand a rent even for its natural produce.
  7. I have never known much good done by those who affected to trade for the public good.
  8. All for ourselves, and nothing for other people, seems, in every age of the world, to have been the vile maxim of the masters of mankind.
  9. Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer.
  10. It is not by augmenting the capital of the country, but by rendering a greater part of that capital active and productive than would otherwise be so, that the most judicious operations of banking can increase the industry of the country.

Quotes by Adam Smith (21-25):

  1. Virtue is more to be feared than vice because its excesses are not subject to the regulation of conscience.
  2. No society can surely be flourishing and happy, of which the far greater part of the members is poor and miserable.
  3. The propensity to truck, barter and exchange one thing for another is common to all men, and to be found in no other race of animals.
  4. It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.
  5. Great ambition, the desire of real superiority, of leading and directing, seems to be altogether peculiar to man, and speech is the great instrument of ambition.

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15 Quotes by Bruce Lee that will still inspire you today

Bruce Lee is best remembered for his roles in popular martial arts movies of the early 1970s, such as Enter the Dragon.

Born Lee Jun-fan in San Francisco in 1940, he was a Hong Kong-American actor, director, martial artist, martial arts instructor and philosopher brought up in Kowloon, Hong Kong.

Bruce Lee is considered by commentators, critics, media and indeed other martial artists to be the most influential martial artist of all time.

He also remains a pop culture icon of the 20th century, who bridged the gap between East and West.

Sadly, Bruce Lee died of a cerebral oedema in Hong Kong in 1973 but subsequently, he was named by Time magazine as one of the 100 most influential people of the 20th century. For a martial artist, that’s fairly impressive, don’t you think?

Despite his untimely death, he continues to influence people and there are several websites dedicated to Bruce Lee around the world.

In his relatively short life, he was credited with many inspirational quotes, so I thought today I’d share a few of these with you, dear reader.

So here are 15 quotes by Bruce Lee that will still inspire you today.

Quotes by Bruce Lee:

  1. As you think, so shall you become. ~Bruce Lee
  2. To hell with circumstances; I create opportunities. ~Bruce Lee
  3. Obey the principles without being bound by them. ~Bruce Lee
  4. Knowledge will give you power, but character respect. ~Bruce Lee
  5. Showing off is the fool’s idea of glory. ~Bruce Lee
  6. A quick temper will make a fool of you soon enough. ~Bruce Lee
  7. Mistakes are always forgivable if one has the courage to admit them. ~Bruce Lee
  8. A wise man can learn more from a foolish question than a fool can learn from a wise answer. ~Bruce Lee
  9. If you love life, don’t waste time, for time is what life is made up of. ~Bruce Lee
  10. I fear not the man who has practised 10,000 kicks once, but I fear the man who has practised one kick 10,000 times. ~Bruce Lee
  11. To know oneself is to study oneself in action with another person. ~Bruce Lee
  12. The possession of anything begins in the mind. ~Bruce Lee
  13. I’m not in this world to live up to your expectations and you’re not in this world to live up to mine. ~Bruce Lee
  14. Always be yourself, express yourself, have faith in yourself, do not go out and look for a successful personality and duplicate it. ~Bruce Lee
  15. Ever since I was a child I have had this instinctive urge for expansion and growth. To me, the function and duty of a quality human being is the sincere and honest development of one’s potential. ~Bruce Lee

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How to love the life you live and live the life you love

How to love the life you liveDo you love the life you live? Do you enjoy your work? Life should never be just about work, but it’s a big part of our lives, so it affects how we feel about ourselves.

Do you get up each morning feeling inspired by what you’ll be doing during the day ahead?

A good question to ask yourself is the one Steve Jobs asks in the video below, “If you knew that today was the last day of your life would you still be happy doing what you have to do today?”

Knowing we will die one day reminds us that our time is precious and we should use it wisely.

Life is short and none of us knows when our final moment will arrive. So we must follow our heart and focus our energy on work that really matters to us.

If your work matters to you then you’ll do it well. And if you do it well you’ll make a difference. Make a difference and you’ll leave a legacy. Do this and you’ll love the life you live.

How to love the life you lifeAll of this is easier said than done, of course.

Many people experience life without any real sense of satisfaction. Far too many people experience a lifetime of disappointment and regret too. This all adds up to people living lives they don’t love.

However, it doesn’t have to be that way. You don’t have to accept a less than satisfactory life.

If your life is unsatisfactory then you need to change. And change is possible.

A good place to start is by listening to the inspiring observations from the late Steve Jobs, founder of Apple, contained in the video ‘If today were the last day of my life’ included below. His words are thought-provoking and powerful. I found this video truly inspirational and I recommend it to you.

How to love the life you live:

Before you watch the video, ask yourself this question. Between now and dead would you be happy to continue with the life you have right now?

No?

Then you must change and keep changing until you love the life you live.

Never accept second best because life’s far too short.

Remember: Whilst you have to make a living, you also have to make a life as well. So, have no regrets. Start making the life you want to live as quickly as possible. It’s later than you think.

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