5 secret steps to tackling life and achieving success

Achieving SuccessIf you’re looking for a formula for achieving success, dear reader, then you’ll find this blog post useful.

Many desire success but few really achieve it. So it’s useful to study successful people, identify their approach and use them as role models. If their approach worked for them then it might just work for you.

In the embedded video, Hollywood legend, movie star, two-term Governor of California and former Mr Universe, Arnold Schwarzenegger shares his five secret steps to tackling life and achieving success.

Essentially these are his five rules to excel at whatever you choose to do.

He has an interesting story to tell and his story proves that no obstacle is too big to overcome and no vision, too big to achieve, if you’re determined enough and you’re prepared to work hard.

Change the world:

To summarise Arnold Schwarzenegger’s rules, they are:-

  1. Find your vision and follow it;
  2. Never, ever think small;
  3. Ignore the Naysayers;
  4. Work your ass off; and
  5. Don’t just take, give something back.

However, if you listen to Arnold’s story, his burning desire was to move to the United States and become a big star. This was his reason why.

Initially, he had no idea how to achieve that goal but a little piece of good fortune came his way.

Arnold happened to read an article in a magazine about a man just like him who achieved just what he wanted to achieve. The article explained how the man did it and Arnold used that success template as the basis for pursuing his own goal.

Achieving SuccessIdentify successful people and do what they did:

Once he knew his ‘why‘, Arnold Schwarzenegger just needed to work out a way to get there. Knowing your ‘why‘ will always, eventually, lead you to your how.

Once Arnold knew his purpose and his passion, he was always going to find a way to achieve success. His determination and his willingness to do whatever was necessary saw to that.

Had he not been lucky enough to identify a role model through a magazine article, something else would have guided him because that’s the nature of life. When you’re searching for something you’ll tune in to all the little clues you need.

Once you know your why, you develop a keen sense of that subject and everyone else involved.

Trust yourself:

If you know your why then you’ll have the drive and determination to pursue your goal.

Nothing happens by accident of course. You must make it happen.

So figure out for yourself what it is you really, really want. What would make you happy? What would you regard as a real achievement?

Then find a role model.

Someone who’s done what you want to do. Identify how they did it and copy what they’ve done. If their approach worked for them, it can work for you.

Avoid distractions:

If you want to be successful then don’t allow ‘time sucks’ to throw you off course.

Television and social media are the biggest time wasters of all. So avoid them.

Time is a precious resource and successful people don’t waste it. So if you want to be successful, don’t waste your time either. Put every minute to good use.

Know your ‘Why?’

The key message today, both from this article and the embedded video, is that you must know your why.

That’s the starting point for success.

So if you’ve yet to do that then I suggest that’s where you start, if you want to be successful.

And remember this; if not you, who? If not now, when?

Achieving success is possible and people do it all the time. So can you, if you’re determined and prepared to work hard enough to get it.

Good luck.

Please share this post on social media:

If you found this article useful then please share it on social media with your friends. When you share, everyone wins.

So go on, please share it now. If you can do that for me, I will be ever so grateful and you’ll be helping a keen blogger reach a wider audience. Thank you.

Other articles you might also find interesting:

© Mann Island Media Limited 2020. All Rights Reserved.

The purpose of life: What’s it really all about?

The Purpose of LifeToday I want to explore the purpose of life.

What’s life really all about, when it all comes down to it?

Should life just be a treadmill of meeting other peoples’ expectations or should our aim simply be to lead lives that make us happy?

The purpose of life:

What does life mean to you, dear reader?

Do you ever feel that you’re just living life on a treadmill, constantly running to meet the expectations of everyone around you?

Perhaps you worry about what other people think about you? If you do, you’re certainly not alone.

Too many people waste their time worrying about what others think of them.

If only they realised that other people spend little or no time thinking about them at all.

Your approach is just a valid as the next person’s:

Most people are too busy trying to deal with their own lives. They don’t have the time to think much about anyone else’s life.

So why not just be yourself and lead your own life on your own terms, in your own way?

Your approach to life is just as valid as the next person’s and, as long as you’re not hurting anyone else, you’re free to choose how you live.

Don’t try to be something you’re not:

You can only be the person you are. So just be yourself and accept yourself for the person you are. You’re a true original, and you can be truly proud of that.

Remind yourself frequently that you’re better than you think you are and that you’re as good as anyone.

Constantly reinforce your self-belief:

If you haven’t got much self-belief right now then fake it until it happens naturally. And that will come with the little successes you’ll achieve over time.

Never consciously try to impress anyone else. It doesn’t get you any place worth going. Just do what comes naturally to you.

You’re only going to have this one life, so live it on your own terms. Enjoy your life for what it is and make the most of it.

Don’t let life happen, make it happen:

Never, ever just let life happen to you; decide on the life you want and then make it happen.

It’s important to know what you want and you should never give up until you get it.

Always be you but make it the best version of you.

And remember this; an original is always more impressive than a copy. So don’t copy other people. Just be an original.

Life begins outside your comfort zone:

And remember this too; life begins once you’ve stepped outside of your comfort zone. That’s where the real challenges are and that’s where you will grow.

And you must never stop growing.

So step outside your comfort zone; look those challenges in the eye and just give them a wink.

You’re more than a match for them all. They should be quaking in their boots.

Go on, live life! Now! It’s later than you think.

Please share this post with your friends:

If you found this blog post interesting then please share it on social media with your friends. When you share, everyone wins.

Please share it now and I’ll be ever so grateful. You’ll be helping a keen blogger reach a wider audience.

Thank you.

Other articles you might also find interesting:

© Mann Island Media Limited 2020. All Rights Reserved.

The debate about identity politics and how we get beyond it

Identity PoliticsThe debate about identity politics has dominated much of the news in recent months. Surely we must find a way to get beyond it? In that, I refer to getting beyond the problems associated with identity, rather than the debate itself.

We’re all human beings first:

Whether we think of ourselves as Black, White, Christian, Muslim, Jew or some other form of ethnic or religious identity, in reality we’re all just members of the human race, surely?

In my opinion, we’re human beings first and other forms of identity second. We’re all just people.

We all want the same things:

As people, we all want the same things if you think about it.

Ideally, we all want a peaceful, prosperous life and a better world for our children?

We want a roof over our heads and the ability to put bread and food on the table.

Equally, we all want to feel secure.

We all want a sense of purpose to our lives and a reason for us to get out of bed each day.

And, of course, we all want to enjoy some leisure time with family and friends, occasionally.

Life’s too short:

Life’s too short to worry about anything else, surely?

As human beings, we have much more in common than we’re often able or willing to recognize and those things that apparently separate us are often more imagined than real. Well, I think so anyway.

In my experience, there are good people everywhere you go in this world.

And yet, as human beings, we often fear people simply because they are not a reflection of ourselves.

We fear what we don’t understand.

If only we could just see others as human beings first. They’re people just like us, with hopes, dreams and a desire to be loved, accepted and respected by others.

Respect people and get to know them:

If only we could just treat people with respect, regardless of whatever sense of identity they present to the world. If only we could respect others just for being themselves.

I’ve been fortunate enough to live and work in many parts of the world and I’ve learned that if you make the effort to get to know people, whoever they are, you begin to see them in a different way, regardless of their origin, ethnicity or creed.

If you try to understand them and their lives, suddenly you realize that they’re actually just like you, or not so very different at least.

Wherever you go, people are just people. We laugh, we cry, we eat, we sleep and we all have to go to the bathroom occasionally.

Yes, there are a few bad ones of course but most people are honest and decent and if you treat them with respect, you will get their respect in return. In my experience, wherever you go people just want to be treated fairly.

Avoid making assumptions about people:

When you meet people from a culture which is different to your own, it’s easy to make assumptions about them. However, how can you be sure you’re right unless you get to know them?

Judging is easy but it’s hard to know what someone else’s life is really like. Unless you’ve actually walked a mile in their shoes, you couldn’t possibly know what their life is really like or what challenges they face on a daily basis.

So you can’t judge anyone unless you make the effort to get to know them.

And for me, that’s the underlying problem for all humanity.

We judge people first without making the effort get to know people. We make assumptions and judge on perceived stereotypes rather than treating people as individuals.

For instance, it would be easy to assume that all Muslims have the same extreme views as those fundamentalists making media headlines fighting for the establishment of the so-called Islamic State or ISIS.

I have lived and worked in the Middle East over many years and I know that this is not true. Some of the finest people I’ve ever met are Muslims.

I have many Muslim friends for whom I have the greatest respect. I’ve also known many Christians, Jews, Buddhists and more for whom I could make a similar comment.

Seek first to understand:

I’ve learned to treat people as I find them and not as others tell me I should find them.

I concern myself only with the content of their character. I try to treat others with respect and I find that generally, if I do, I get their respect in return.

If only we could all treat others in the way that we’d prefer them to treat us then I think the world would be a better place. And surely our aim should be to make this world a better place?

In the words of Stephen R. Covey, we must “Seek first to understand and then to be understood.”

Identity politics:

Identity politics has the potential to divide us all but it doesn’t have to be that way. We can get along with each other if we respect people for who they are and what they are and judge them only by the content of their character.

Look beyond obvious differences to the person within. It’s what’s on the inside of people that matters most. Well that’s my opinion, dear reader.

Please share this post with your friends:

If you found this blog post interesting then please share it on social media with your friends. When you share, everyone wins.

Please share it now and I’ll be ever so grateful. You’ll be helping a keen blogger reach a wider audience.

Thank you.

Other articles you might also find interesting:

© Mann Island Media Limited 2020. All Rights Reserved.

How to get along with people and make the world better

How to get along with peopleHow to get along with people? It’s a classic problem. We don’t have to like people but life’s better if we can get along with them. But how?

Life’s great challenge:

Dear reader, do you have problems getting along with other people?

Do you find it difficult to deal with some people, as you go about your daily routine?

Well, it’s true, some folk can be challenging and quite difficult at times. I’m sure most readers will have had that experience, occasionally.

However, in my experience most people really just want you to be nice to them. They want to be respected for who they are and treated with courtesy.

I’ve learned over the years that, if you respect people and take a genuine interest in their lives, then generally they’ll respond warmly to you. Not all perhaps but certainly most people.

How to get along with people:

Think about it.

We all just want to be treated with courtesy and respect and appreciated for who we are and what we do, don’t we? Certainly, I do. Don’t you, dear reader?

If we accept that as true, then the way to get along with other people, is not really difficult, surely?

The trick is to treat people with courtesy and respect, regardless of who they are or what they do. Treat them as you would prefer to be treated.

Be kind and considerate to them as individuals and there’s a good chance that they’ll treat you well too.

You don’t have to like people but life’s better if you can get along with them. And if you can get along with them and get to know them, then you might just get to like them in time as well.

The world can be a better place:

If we can all get along then it will make the world a better place.

If we can all be kind and considerate to our fellow human beings, then we could have a world free from strife and tension.

So go on, show people some respect; show them a little appreciation; take an interest in them for who they are and what they do; and above all, never underestimate the power of a thank you.

I always feel better if I think I’m appreciated and I’m sure you do too. We all do.

So the trick to getting along with people is simply to treat them as you would prefer them to treat you. It works every time for me.

And I’m confident that it will work well for you too, dear reader.

So go on, make every effort to get along with people and make the world a better place.

Please share this post with your friends:

If you found this blog post useful then please share it on social media with your friends. When you share, everyone wins.

Please share it now and I’ll be ever so grateful. You’ll be helping a keen blogger reach a wider audience.

Thank you.

Other articles you might also find interesting:

© Mann Island Media Limited 2020. All Rights Reserved.

If you knew you’ll die tomorrow, here’s what’s important to you today?

Life is Short

Life is short:

You’ll often hear people talk about the importance of money to living life in the modern age.

Let’s be honest it’s difficult to live without money today, is it not?

Nevertheless, we must also remember that life is short. And sadly for some people, it’s very short indeed.

So, whilst money’s important to some degree, it’s not an ideal means for measuring success, is it? Not real success in life anyway.

In the modern age, it’s easy to become obsessed with money but the accumulation of money for its own sake should never be the underlying motive that drives us, surely? That can only lead to a life of misplaced priorities I think.

If your approach to life includes an obsession with money then you’ll be doomed to disappointment, I think you’ll realise eventually. One day you’ll look back and wished you’d spent a bit more time with family, friends and loved ones, of that I’m sure.

So what would be an ideal measure of success?

For me, a better measure of success is whether we’re feeling fulfilled by what we’re doing.

If our work is something we’d do as a hobby if we couldn’t get paid for it then that’s a better way of gauging success. As the great Warren Buffett once said, “Look for a job that you’d take it you didn’t need a job.”

A sense of purpose and work which is fulfilling and truly absorbing is a much less stressful way of living.

If you enjoy what we do you’ll do it well and the money will follow anyway. If you do your work exceptionally well then people will notice. And once you get noticed, you’re on our way to genuine success.

Never be driven by money alone.

Never accept a job simply because it’s well paid.

It’s nice to have a good salary, of course. However, once you get used to the money you still have to spend a third of your life doing the work for which you’re being paid well. And doing work you don’t enjoy, is a very big price to pay in terms of emotions, your stress levels and the impact it will have on your central nervous system.

If life’s short then our time is very precious, surely?

What’s the point of working every hour you’ve got just to become rich, only then to die suddenly of a heart attack having had no time to enjoy the fruits of your labour?

What a waste that would be. Being the richest man or woman in the graveyard is hardly a title worth having, is it?

So the underlying message to you today dear reader is to find work you enjoy doing and to make sure you leave a little time to enjoy life too.

No one’s life is perfect.

Everyone faces challenges occasionally. Inevitably your life will have its ups and downs too. However make sure there are more ups than downs in life, as far as you possibly can.

Take some time to smell the roses and have a laugh. As the old Music Hall song used to say; “enjoy yourself, it’s later than you think.”

You wouldn’t want to live forever, but you should be living your life to the full today. Life is short and it’s definitely later than you think.

Please share this post with your friends:

If you found this blog post useful then please share it on social media with your friends. When you share, everyone wins.

Please share it now and I’ll be ever so grateful. You’ll be helping a keen blogger reach a wider audience.

Thank you.

Other articles you might also find interesting:

© Mann Island Media Limited 2020. All Rights Reserved.

Daily Habits of Successful People

Habits of successful peopleIf success is your aim, can you learn from the daily habits of successful people?

Certainly, I believe that we are what we do on a daily basis.

Anything you achieve or don’t achieve, is brought about by the habits you develop over time.

Everything you do is as a result of our habits, good or bad. So surely it makes sense to develop and maintain good habits and make them your master?

Habits, good or bad, are formed through repetition.

Good habits can be hard to form but they are easy to live with. Whereas bad habits whilst easy to form they tend to be very hard to live with. Our lives can become a battle of good habits versus bad habits. Don’t let the bad habits win.

Good habits can be learned and bad habits can be replaced by good habits. Yes, it requires self-discipline on your part dear reader but it can be done and people do.

Decide on the habits you want to develop and focus on achieving them one at a time.

Start with one good habit you’d like to form and then force yourself to repeat the necessary actions daily.

After around three weeks that habit will be formed and it will just become part of your routine. You’ll start to repeat it with little or no thought. Essentially you’ll do it on autopilot.

If you have a bad habit you wish to replace with a good habit then each time you find yourself about to perform the actions of the bad habit, stop yourself and perform the actions of the good habit instead. Again after around three weeks, the good habit will be programmed into your brain.

Successful people are driven to develop good habits. Self-discipline is the key ingredient for good habits to form and for the replacing of bad habits.

Successful people also establish the habit of goal setting on a daily basis.

You cannot hit a target unless you can see that target. Setting a goal is the first step in achieving that goal. Successful people are results-oriented.

Successful people are also people-oriented.

You get what you want in life by helping other people get what they want.

Every product is a solution to a problem. Even if your goal is to sing or dance, to succeed you must always recognise that you perform to and for people.

They have a need to be entertained and your aim is to fulfil that need. To solve this particular problem for them if you like.

In dealing with people you must be honest and show integrity if you are to win the respect of others.

So honesty is a good habit to develop. Dishonesty and cheating will catch up with you and will be a permanent stain on your reputation. You don’t need that now, do you?

And above all, you must look after your health. You have one body and one mind and they must last you a lifetime.

So develop the habit of taking good care of both.

To reinforce the message of the importance of repetition and routine I‘ve included this excellent video from Brian Tracy.

Brian is always a source of great advice for anyone seeking success and aiming to create a successful life for themselves and certainly he’s one of my main sources of constant inspiration.

The video is short but well worth your time and I recommend you watch it now.

Habits of successful people:

Further Reading:

Regular readers will know that I am keen on building a personal reference library of books and audiobooks which I use to inspire and motivate me and to help me achieve my goals. And I would encourage you to do the same dear reader.

In the video, Brian Tracy refers to his book Million Dollar Habits: Proven Power Practices to Double and Triple Your Income. This is an excellent book and would be a good addition to your library. You can take a look at the print and Kindle editions if you click on the link in this paragraph.

However, I must be honest and tell you that actually I decided to purchase Million Dollar Habits: Proven Power Practices to Double and Triple Your Income (AudioBook). Personally I find the audiobooks really useful because I can listen to them whilst I’m driving which means I’m making better use of what would otherwise be dead time. If you’d like to take a look at the audio version of the book then, once again, just click on the link in this paragraph.

DISCLOSURE: This website is an Amazon affiliate. Should you click on any of the links included in the text above and you then make a purchase, you should be aware that this website will receive a small commission. There will be NO additional charge to you in making that purchase. However these commissions do serve to cover the cost of maintaining this site, so you’ll be helping to ensure that this resource can remain available free of charge to readers everywhere. Your understanding is truly appreciated, dear reader. Thank you.

If you’re looking for useful articles on this subject that are free to read then you might want to take a look at The Habits of Highly Successful People that has been published on the Porch website. This is an interesting article and worth a few minutes of your time.

Please share this post with your friends:

Did you find this article interesting and useful dear reader?

If so, then please share it on social media with your friends. When you share, everyone wins.

So please share it now. If you do I’ll be ever so grateful and you’ll be helping a keen blogger reach a wider audience.

Thank you.

Other articles you might also find interesting:

© Mann Island Media Limited 2020. All Rights Reserved.

Types of debt and why they matter

Types of DebtIf you’re starting out with your financial education then a good starting point would be to understand the different types of debt and why they matter.

Personally I categorize debt as either good debt or bad debt.

Understanding the difference between the two is essential if you don’t want to remain poor all your life.

Do you carry some debt dear reader? If you do, you’re not alone.

Now you may think that debt is just part of life, and you may even believe that debt can’t be avoided?

Debt is certainly very hard to avoid, that much is true.

However don’t forget that personal debt is a burden on us because it has to be serviced and eventually repaid.

Yes, it may be a burden you can’t avoid but it’s no less stressful potentially for that technicality.

For emphasis let me repeat, in my opinion, there’s good debt and then there’s bad debt.

The obvious question is when is a debt considered bad debt? To put it another way, when is debt a bad idea?

Let’s consider some examples of debt.

TYpes of debt1. Secured Debt:

Buying a house is an example of a secured debt.

When buying a house, most people need a mortgage, which is of course a debt.

However, as long as you don’t overstretch yourself, mortgage debt is usually manageable for most people. And it’s rare that a lender will allow you to overstretch yourself these days.

With a mortgage the debt is secured against your property, so the risk for the lender is small.

If you fail to repay the mortgage loan, a lender simply repossesses the property and sells it to recover their money.

So because the associated risk to the lender is low, interest rates on secured debt are low too.

Coupled with long repayment periods, typically around 25 years, the monthly repayments on a mortgage are not significantly different from what you might pay if you were renting a property.

However by borrowing to purchase a property, that’s a good debt because eventually you’ll repay the debt and own the property, assuming you repay in full.

It’s a good debt because it results in the long-term acquisition of a valuable asset.

You need a roof over your head, of course, so buying with a mortgage makes good financial sense because at least you’ll own the property in the future.

And with luck, you’ll enjoy some capital appreciation on the value of the property too. That’s not guaranteed of course but historically that’s been the trend for those holding property assets for an extended period of time, certainly in the United Kingdom.

In summary, secured debt bears the lowest interest rates and leads to the acquisition of a valuable asset. So in my opinion that makes it a good debt.

2. Unsecured debt:

So when is debt a bad idea? The simple answer is when it’s an unsecured debt.

And what’s unsecured debt?

It’s a debt against which nothing valuable has been put up as security.

If the borrower fails to repay, the lender has nothing it can repossess to sell on to recover the balance outstanding. So for the lender that represents increased risk.

And because unsecured debt has no form of security then to compensate, the interest rate charged by the lender will be high, and sometimes very high.

The interest rate charged reflects the risk to the lender. The higher the risk the higher the interest rate applied.

Lenders recognize that there’s a risk that a proportion of their clients will fail to repay unsecured loans, so those who do make the repayment in full, have also paid a premium in order to protect the lender from any losses they might have incurred due to non-payment by others.

Now of course there will be occasions when unsecured debt is unavoidable.

For instance, young people just starting out might need some basic items of furniture for their homes. A bed would be a good example. You must have one and if you can’t afford it, then you might need to use a hire purchase arrangement. Handled with care then this shouldn’t be a huge problem.

So when is unsecured debt a really bad idea?

Put simply, when you start buying with unsecured credit that which you could live without. That gadget you couldn’t resist or those shoes that looked really nice in the store. Non-essentials you could have lived without until you had the money to pay for them.

You know the experience, I’m sure. You see something you can’t resist, out pops your flexible friend, and an impulse purchase is made before you’ve thought about whether it was a good idea or not.

The reckless use of credit cards, store cards, and payday loans can be a disaster because this type of debt is not secured against anything, so naturally the associated interest rates applied are very high.

Credit card or store card debt can bear an interest rate of up to around 30% or more.

In the UK, payday lenders have been known to charge interest rates equivalent to 3000%, 4000%, or even 5000%.

I find it hard to believe people fall for these loans but they do. I guess if your desperate sometimes then perhaps it’s a case of ‘needs must’.

3. The magic of compounding:

Why does this matter? The simple answer is the magic of compound interest.

The compounding effect of high rates of interest will quickly turn small sums borrowed into enormous sums owed.

For instance, if you borrow $1,000 at 3% interest, after five years you’ll owe $1,159, assuming nothing was repaid.

However if you borrow $1,000 at 35% interest then after five years you’ll owe $4,484, again that’s assuming nothing was repaid.

The difference is a massive $3,325. And more importantly, the value of your debt has also quadrupled.

So when interest rates are high, even if you make minimum payments, your debt can grow rapidly if you’re not careful.

And that’s when you can become enslaved by your debts.

And that’s why it matters. Ultimately this burden can become very stressful.

4. Manage your money or your money will manage you:

Far too many people borrow money in the form of unsecured debt to purchase discretionary items. That’s items they could live without, if push came to shove.

Wasting money is this way is a really bad move. Not just bad it’s seriously stupid.

I recommend that you follow this simple rule: If you can live without it, never use debt to buy it.

Yes of course it’s nice to have the latest smartphone or the latest television or whatever but is it really worth the pressure of unnecessary debt?

When high rates of interest start pushing up the sum outstanding significantly, you have to ask yourself, will the burden of this unnecessary debt still seem worth it? I doubt it.

Wouldn’t it be better to wait until you’ve saved up the money to make the purchase instead?

Wouldn’t it also be cheaper in the long-term to save up and buy the product when you actually have the money? You’ll appreciate the item so much more too.

5. Debt is a form of slavery:

Being indebted is just a form of slavery. It’s as simple as that really. And, once again, that’s why it matters.

For as long as you owe money you can never be truly free.

If you’re debt-free then you’re stress-free too. Wouldn’t you prefer to be debt-free and stress-free?

Good debt will help you but bad debt will make your life a misery.

6. Conclusion:

Put simply, there are two types of debt, good and bad. Debt is either secured or unsecured. Interest rates on the former will be relatively low, whereas interest rates on the latter can be very high.

Interest rates matter because of the compounding effect.

Unsecured debt can be the road to the poor house, particularly if you use it to buy stuff you could live without with credit that bears interest rates that are very high.

The type of debt that’s bad will enslave you and it’ll become increasingly stressful.

If you only take one message away from this article then that’s it.

7. Please share this post with your friends:

If you found this article useful then please share it on social media with your friends.

When you share, everyone wins.

So please share this post now. If you do, I’ll be ever so grateful. You’ll be helping a keen blogger reach a wider audience and that’ll be your good deed for the day.

Thank you.

8. Other articles you might find interesting:

© Roy Joseph Sutton and Mann Island Media Limited 2020. All Rights Reserved.

15 Things Poor People Do That The Rich Don’t

Can we learn from the habits of poor people when it comes to money?

Yes, when considered against what the rich would not do.

It’s a fact that the choices people make will affect the life they experience.

Quite simply our lives are dictated by the choices we make whether we like it or not.

The video in this post makes some interesting observations about the choices made by people destined to remain poor relative to those who enjoy greater prosperity and the finer things in life.

Now you might feel that some of the observations made here are a little harsh on the less fortunate but actually in my experience the points being made are ‘bang on the money‘, if you’ll excuse the fashionable terminology dear reader.

I think you’d be wise to listen carefully and think about the underlying messages in the video and be honest with yourself.

Just think about it for a minute and I’m sure you’ll agree.

We enhance our value by increasing our knowledge and skills, rather than making sure we know who the latest fashionable celebrity is dating. Why would that matter to anyone?

Listen, learn, and make changes as necessary.

You don’t have to be poor but, if you are right now, then you need to start making some changes.

Nothing will change unless you do first.

Things Poor People Do That The Rich Don’t:

Polite request:

If you found this video interesting and useful then please share this post on social media with your friends. When you share, everyone wins.

So please share it now. If you do I will be ever so grateful and you’ll be helping a keen blogger reach a wider audience.

Thank you.

Other articles you might find interesting:

© Roy Joseph Sutton and Mann Island Media Limited 2020. All Rights Reserved.

The 4 steps to financial freedom

Steps to Financial FreedomFinancial peace isn’t the acquisition of stuff. It’s learning to live on less than you make, so you can give money back and have money to invest. You can’t win until you do this. ~Dave Ramsey

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 really matter.

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

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 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:

Often I hear people say things like, if only I could increase my income I could pay off my debts.

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

If financial freedom is your aim then it’s essential that you take control of your finances. And 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 it’s essential that you 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 an 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 for reducing 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 quicker.

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 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 really 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 really 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.

The steps to financial freedom are really quite simple. Spend less than you earn; pay yourself first; eliminate expensive credit card debt; and start building capital.

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

Please share this post with your friends:

Did you find this article interesting and useful?

If so, then please share it on social media with your friends. When you share, everyone wins.

So please share it now. If you do I will be ever so grateful and you’ll be helping a keen blogger reach a wider audience.

Thank you.

Other articles you might find interesting:

© Roy Joseph Sutton and Mann Island Media Limited 2020. All Rights Reserved.

3 ways for getting rich

Getting richYou should never take money too seriously dear reader but, equally, you should never underestimate the importance of money either. Let’s face it, in the modern world, money is as essential to sustaining of life as oxygen. That’s a fact, whether we like it or not. So getting rich is a worthy topic for discussion.

By getting rich I mean achieving financial freedom. I think that should be everyone’s goal, if only so that they can enjoy their old age. In my opinion, there’s nothing wrong with getting rich providing money does not become your obsession. That is, you should have money in your head but not in your heart.

Now getting rich is easier said than done of course. It requires effort on your part and a lot of determination too.

Nevertheless getting rich is also easier than it might first appear to be.

So today I offer you three ways for getting rich which are available to anyone and everyone and they will all help you to achieve financial freedom.

1. Solve problems for people:

Working for someone else may make you a living but having your own business can make you a fortune. The only way most people can become seriously rich is by setting up a business of their own. It can be done and people do, very successfully, and it’s possible for you to do it too.

Essentially business is all about solving problems for people in exchange for money.

Businesses create products that solve problems for customers. The customer buys the product and the business makes money. Obviously you need to ensure that your revenues exceed your overheads but in essence business is that simple.

If you want to make money in business just look for problems to be solved and there you’ll find commercial opportunities.

One person’s problem is another person’s business opportunity.

However do make sure that every product you offer does actually solve a problem for your customers.

That means understanding the needs and wants of your target customers and always asking the question, “What problem will this product solve for my customers?”

2. Risk leads to reward:

If you want to make serious money you cannot avoid an element of risk. That’s a fact of business life.

Entrepreneurs have to be risk-takers by definition.

However that doesn’t mean you taking crazy risks. It means taking calculated risks by doing your homework; proper planning and market research; and using your business skills to weigh up the pros and cons of every opportunity.

Risk is simply the possibility of you getting an outcome you don’t want.

However it’s a fact that risk and reward go hand in hand. The greater the reward on offer the greater the risk you must take potentially to achieve it.

Obviously your attitude to risk is important here.

If a given risk makes you very uncomfortable then it’s probably not worth taking. It will just lead to too much stress for you. Some people have the ability to live with huge risks, whilst others cannot cope with that much pressure.

Either way it doesn’t matter. If you can’t cope with large risks don’t let it bother you. Just look for something with a lower risk and with which you can cope. Even small risks can lead to great riches.

Remember we all need a mix of certainty and uncertainty in our lives. Business requires you to live with the latter, at least to some degree.

3. The magic of compounding:

Once you’ve made some money it’s important you put it to work for you if getting rich is your aim.

And putting money to work is all about taking advantage of the magic of compounding.

Compound interest can have a powerful effect on your money.

For instance if you invest £1,000 at 2% for 10 years with annual interest reinvested and it will be worth £1,219 at maturity.

However if you invest that same £1,000 over the same period at 10% then you will get £2,594, assuming annual interest is re-invested. That’s over 100% difference over the 10 year period.

Over 20 years at 10% your £1,000 would have turned into £6,727, assuming annual interest had been reinvested.

So remember, the interest rate and the longevity of your investment both matter if you’re trying to build a capital sum.

So if getting rich is your aim then start by investing as early as you can, be disciplined and make regular contributions to build that nest egg.

Further Reading:

Obviously a single blog post can only scratch the surface of all you need to know about money.

So if you’re wise you’ll buy some books on the subject to get your financial education moving in the right direction.

Here are some books I can personally recommend, all of which I own my own personal copies:-

Think and Grow Rich by Napoleon Hill

Think and Grow Rich is a classic of the genre. Originally written in the 1930s but still around and still very popular. And it’s still around for a reason. It’s exceptional and definitely worth adding to your personal reference library.

The Richest Man in Babylon by George S. Clason

The Richest Man in Babylon is another classic of the genre. Simple but inspiring. You can read this book in a few hours but it will provide you with a series of powerful lessons for acquiring money, keeping money and making money. Again well worth adding to your personal reference library.

Rich Dad Poor Dad by Robert T. Kiyosaki

Rich Dad Poor Dad is an excellent starting point for anyone seeking to improve their financial knowledge and improve their financial future. This is modern compared to the previous two but it has also become a classic and is well worth the cover price.

One Hour Investor: The Beginner’s Guide to Investing in the Stock Market by Russell Ellroy

One Hour Investor: The Beginner’s Guide to Investing in the Stock Market is recently published and so it’s right up-to-date. If you want to learn about stocks, bonds, mutual funds, and much more, then this could be the book for you. Written in a very accessible style and aimed at the absolute beginner.

I have all of these books in my own personal library and I dip in and out of them frequently. You will be inspired by them all I am sure and I recommend you purchase your own copies.

Please share this post with your friends:

Did you find this article interesting and useful? If so, then please share it on social media with your friends. When you share, everyone wins.

So please share it now. If you do I will be ever so grateful and you’ll be helping a keen blogger reach a wider audience.

Thank you.

Other articles you might find interesting:

© Roy Joseph Sutton and Mann Island Media Limited 2020. All Rights Reserved.