(Frey Freyday is simply a bunch of inspirational, motivational and other quotes meant to make you think, reflect, smile, even laugh a bit. Hopefully helpful, useful stuff….)
Finance is not merely about making money. It’s about achieving our deep goals and protecting the fruits of our labor. It’s about stewardship and, therefore, about achieving the good society. Robert J. Shiller
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What’s money? A man is a success if he gets up in the morning and goes to bed at night and in between does what he wants to do. Bob Dylan
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Too many people spend money they haven’t earned to buy things they don’t want to impress people they don’t like. Will Rogers
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Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver. Ayn Rand
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WORD TO LIVE BY:
money- noun, often attributive-mon·ey | \ ˈmə-nē \
plural moneysor monies\ ˈmə-nēz \-something generally accepted as a medium of exchange, a measure of value, or a means of payment:
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People react to and think about money in many different ways.
Most people don’t like to talk about money. That can be problematic.
Unfortunately many, many Americans live paycheck to paycheck. We don’t have any reserves for an emergency; a health issue, a car repair, etc.
In the U.S., the average retirement savings is $95,766 across all age groups, according to the EPI. Experts recommend having at least $1,000,000 saved for retirement by the age of 60.
Too many of us don’t know or understand some things around savings, investments, mortgages, credit cards, loans. That’s OK not to know or understand we all start out that way with everything. However, too many people then still go ahead with life and they don’t ask questions, they don’t read, self-educate or ask for help. In some ways, ignorance is chosen.
Don’t beat yourself up…We are humans, therefore we still act partially rational, partially irrational. Our brains still have primitive fight or flight mechanisms; we react to and from emotions. This affects our money habits.
Many people know they want or need to save money but our ‘reptile brain’ hinders this. We sometimes panic, sometimes fear drives us, sometimes we’re driven by an impulse in the moment to spend, in any case, while we know that we should set aside some of our money for savings, many of us do not. Once we realize and accept that we still have this part in all of us, and that it affects our money, we can do something about it, we can ‘hack’ it.
Really, the best way to do this is simple. Make it automatic. Many of us have a 401k or retirement plan at work. We can take out a % of income BEFORE we even see it. Maximize that %. Use Apps to make savings easier. There are many different ways to pull out money – before you can touch it – and put it into savings or investments. Out of sight, out of mind is a good thing in this case. Put the money somewhere that you can’t touch it. Schedule automatic transfers to another account. Save your loose change. Budget with cash and envelopes.
Think about it….if you set aside 5%, for instance, you really won’t miss it, especially if you take it out up front before you ‘see it’. We can all adjust to small changes like that. You can still live a fair lifestyle with 95% of your money.
If you get a raise, set that raise aside before you see it. For instance, if you get a 3% raise, set up an automatic withdrawal so that you pull the 3% out and save it. You’ve been living on your income without that 3% until now, you won’t miss what you don’t have, put that somewhere where you can’t touch it.
If you don’t know or understand something about money, credit, finance, whatever, don’t just keep living like that – read, ask, search it. There are many good resources and people out there who aren’t trying to sell you something, there are people that can and want to help.
Above all, we all need to take time to talk about money and plan more. If you think about it, most Americans can spend weeks, even months, planning a vacation. I’ve seen some people plan a wedding for over a year. However, too often many of us spend almost no time planning for retirement.
Things can’t improve without change.
Every human has four endowments – self awareness, conscience, independent will and creative imagination. These give us the ultimate human freedom… The power to choose, to respond, to change. Stephen Covey
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Only I can change my life. No one can do it for me. Carol Burnett
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Frey Freyday was actually born out of something I created called “Words To Live By” (WTLB). Going forward, I will now not only share the quotes, as you may be used to receiving, but also a related (WTLB). In 1999, when we had our first daughter, I was contemplating how I would raise my new beautiful child, and I was thinking about how I can best educate her and my other children about values, morals, and other key thoughts about life. School offers education. Religion offers some values and morals. Parents offer most of it, sometimes intentionally, sometimes accidentally.
So I created a (WTLB) book, like a dictionary, which lists things like honesty, love, persistence, etc. with a definition that I created, with my wife’s input. I then turned it into a workbook with one word per page and space below for notes. For years we would discuss with my two daughters and they would draw pictures and make notes in the blank space. I may share some of those images with you. As they got older, they were less inclined to draw and more open to quotes and references from adults, hence where Frey Freyday came from….
BONUS : How I learned to read –and trade stocks – in prison
Financial literacy isn’t a skill — it’s a lifestyle. Take it from Curtis “Wall Street” Carroll. As an incarcerated individual, Carroll knows the power of a dollar. While in prison, he taught himself how to read and trade stocks, and now he shares a simple, powerful message: we all need to be more savvy with our money.
If you’ve put off saving, investing or even thinking about it, just take a quick look at this
I personally have had ups and downs, and I used to save a lot, used to invest, then when things got tough, I just started putting things off, avoiding it, deferring it, or just plain pretending like I never thought of it, yet it was always in the back of my mind. So many people don’t talk about finances, don’t think about it, and just keep pushing it out until a later date for all sorts of reasons.
Please don’t. Please think about it now…..it is easier than you think. People with less brains and less talent have done it, so you certainly can.
Summary:
If you handle your money in the right way, you can have more, give more, and enjoy your life more.
Here’s what you can do to start taking control of your money now:
1. Revisit your story about money. Where we come from and what we hear about money unconsciously shapes our lives. If you think rich people are negative or that having money is bad, you won’t attain wealth because you don’t want to be negative or bad. If wealth is something that brings you more happiness, joy, and service, you’ll want to make more of it. So, first, redefine what wealth means to YOU!
2. Make sure you automatically invest. When get a check from your employer, have some of the funds automatically go into your savings account or investment account. This way you won’t forget and you won’t spend the money unnecessarily. Automatically investing means your money will be earning money for you and working for you.
3. Ask the question, “How can I add more value in the time in which I serve?” Squeeze in more value. Hustle a little bit more. Serve even more. Adding more value to people in the same amount of time makes you more productive, gets you more recognition, and gives you more opportunities. There’s no traffic beyond the extra mile! Just add a little more than anyone else is doing, and you’ll be in a category of one.
4. Raise your standards for a reward! If you’re a high performer and really adding value but you’re still not being rewarded for your true contribution, raise your minimum of what you will allow in your life. Be bold, push the boundaries, and you will be rewarded.
When you follow these simple steps for handling your money, you will have a positive story about wealth, your money will be earning money for you, you will be adding more value, you will have a higher standard for yourself and you will be experiencing The Charged Life!
Full Transcript:
How to handle money. First, wash your hands. Kidding.…that’s a great question.
How do you handle your money more intelligently so you can have more of it, so you can give more of it, so you can enjoy your life to the next level?
1. Number one, I think you must revisit your orientation to wealth.
If I say to you, ‘rich people,’ what does that bring up for you?
When you think about rich people,what do you think of?
Are they good? Are they bad? Are the rich, 1, 2, 3, 4% of the world good people, bad people?
What are they like?
What are their values like?
Do you want to become one of them?
I don’t know about you, but sometimes you discover that where you live or where you came from or what you heard of about money in your life is absolutely unconsciously driving your life today.
For example, I grew up in a very difficult economic situation. I grew up in a very difficult town and place, an old Irish mining town that had been economically depressed for nearly a century, where people didn’t have a lot, and people really struggled. Very blue collared, tried to get through the day, lots of poverty, lots of people struggling and I can share with you that there was this conversation often, about people on the other side.
There’s people on the other side of the tracks. There’speople on the other side who are wealthier. There was a lot of the culture Igrew up in where, ‘oh, those rich people.’ There was this projection offrustration, restlessness or anger towards ‘rich’ or ‘wealthier’ people, andbecause of that I didn’t ever want to become one of them. So I didn’t, for avery long time.
It’s funny, because one of the basic human drives we have isthe human drive for congruence. We want to be congruent in our thoughts and behaviors.
If we think that a type of person is negative, our body, our mind and our subconscious will do everything it can not to become that. We don’t want to become something that we think is negative.
So if you think wealthy people or rich people are negative, guess what you’re never going to attain? Wealth. And that’s why it’s important to revisit all those old stories and phrases we heard growing up, you know.
‘Money is the root of all evil.’
‘People with money are insensitive.’
‘People with money are selfish.’
If you gain more wealth and success in life you’re just going to be more busy and you’re never going to have time for your family, and you’re going to forget anybody who ever came along with you and ever supported you and all these things. We think this big story about money.
So, what’s your story about money? Is it positive? Is it negative? Is wealth something that will bring you more joy, more happiness, more ability to give and serve and do something with in your life? Or, is it something that terrifies you because you think you won’t be able to handle the obligations that come along with it?
You worry that if you make more money or to make more money you’re going to have to be away from your family more, so you never try.
Most of us have a lot of really bad assumptions about what it would take to succeed, but also what it would take to make more money, and ultimately to keep more money, to sustain more money. Because I bet you also think, ‘oh I heard it’s lonely at the top.’ Well who wants to be lonely? And if rich people are bad, who wants to be a bad person? If rich people are pushing family members away and becoming selfish, who wants to become that?
So you have to redefine what wealth would mean for you specifically, not what the culture told you it could be.
I will share with you that after… I’ve been through the ringer financially in my life. I grew up with nothing and then I started making something in corporate America. I built something of myself. I started working really hard. I got a good job. I started climbing that corporate ladder. I discovered that the corporate world wasn’t for me, and so I left, I quit to start my own dream of doing videos and writing, and doing my seminars and all the things I do now. You know what, I did exactly what people predicted; I promptly went bankrupt. I went broke. I had no idea what I was doing.
It would have been easy at that point, very easy to quit, very easy to say, ‘oh you know what, money’s not for me,’ but I thought I know that sometimes if you don’t have money you can’t sustain the message. If you’re not earning than you can’t keep giving. I thought, ‘I have to change my orientation here. I have to get serious about making money and do it without all the guilt and the nonsense that my culture, the past or the popular media thrusts on people with money.’
Because guess what? There are also philanthropists. There are also people who take money and support their family. They send their kids to college. They get safer cars. They do well in their community. They buy books for kids. They do things that matter with their wealth and matter of fact, that’s most wealthy people.
It’s really hard to believe that if you’re not wealthy yet, but I can share with you, after I had my big breakthrough and I started learning how to build more value in the marketplace, everything shifted for me. For the first time in my life I had money. The funniest thing is, I didn’t even know what to do with it, because I never had it before so it was just there.
Guess what? I started finding things to do with it, no problem, as you will. But those things I found to do with money, they didn’t tear me from my family or make me a bad person. I gave more to charities. I spent more time with my family. I could take them on vacations. We could go to the Caribbean together. I could do things for people I love, little gifts, treats and acknowledgements that made them feel happy.
I found ways to utilize it that made me happy and now I had no negative associations to it anymore. So, all I can encourage you to do if you have any hooks or negativity about rich people, or about wealthy people or about the top 1, 2, 5, 20, 30, 50%. If you have any negative thoughts about people in general, it’s time to clear those up and try to rewrite your own meaning about what it would take and what it would be to have wealth in your life.
2. I think the second thing you already know, I just want to make sure you’re doing that, is that you are automatically investing.
If you’re not already doing that, please do that. It’s so simple. There are so many books on what you need to do. It just basically means, if you are in charge of putting money in your savings or into your investments, you’re in trouble. Because you’re never going to do it. And I’m not saying go hire somebody. It just means, when a check comes to you from your employer, have it automatically divert some funds to a savings account or investments account, so you never even see the money. You don’t have to write the check, you never see it, it’s just gone.
Just take 5 – 20%, whatever you can do, do something. Put it directly into savings or into an investment account. You can ask your banker about it. You can ask anybody about it. You can read tons of books, like The Automatic Millionaire or Money Masters. You can learn how to do this. All it means is you just never see the money, because if you’re in charge you’ll forget or you’ll say, ‘this month i’m not going to do it,’ and then for four months you don’t invest and put your money away.
Warren Buffet was asked, what would he do if his family didn’t have money? What advice would he give them? He said, ‘you know what, to take whatever extra money they do have and put it in an index fund.’ Index funds beat the market over a period of time almost always, not always, but over a period of time they’re one of the safest investments. So put your money there. If you don’t know anything just keep putting money there and over a period of time it seems to do pretty good. It usually seems to work.
You can talk with any investment advisor or your banker to set it up so that your employer’s money comes to you or your business money comes to you, but not into your account. It comes to and through your accounts right into your money market fund, your index fund, and your savings. Just have it happen automatically so you’re never in charge of that money, because if you’re in charge of it you know what you do. You spend it or you lie to yourself and say, ‘one day I’ll put it in there and it’s not earning money for you.’
Once your money is automatically placed in that investment account, that index fund or savings fund, it starts earning money for you and it’s working for you.
Most Americans unfortunately, are going to retire with little to no retirement funds, because they never set it up automatically. Personally, I feel like it should be a political thing that people should have to do it as part of employment. It’s like make sure they’re guaranteeing their future will be okay, but I know that’s very controversial and the reality, now we have such a situation of so many people retiring with no money, not because they’re stupid or bad people, because they didn’t learn to beat human behavior.
Human behavior is to delay. Human behavior is to utilize resources now. So cut yourself out of the equation, and set up the process so that it happens automatically. Money is being diverted into your own account, earning money from you, setting you up. You have to do that.
3. Third, I think it’s important for you to ask, ‘how can I add more value in the time in which I serve?’
Meaning, if your day is eight hours a day for a company, how can you squeeze in more value in that eight hours? I don’t think it’s necessary for you to work 9-10-12-14-15 hours and, I think, for most people that’s a negative thing. It causes too much stress, too much lack of sleep, so their creativity goes down and their productivity goes down. But, if you’re working, within that time you’re working, how can you do a little bit more than the next guy or the next gal? How can you hustle a little bit more? How can you see the connections between what everybody else is doing in the company or what everyone else needs in the company and serve them?
How can you come up with a new idea for your clients, for your customers? It’s about adding more value in the marketplace in the same amount of time that gets you more productive and it gets you to be recognized more for what you’re doing. The janitor, who does more than just sweep the floors, but starts asking intelligent questions around the place in which they work to discover, how can we add more value, starts getting recognized more and soon gets other opportunities.
It’s time to add more value during the same amount of time that you are currently working. Most people are working at a mediocre level, and that’s not to be judgmental, it’s just the reality of the stats, the graphs or efficiency curves. You can tell, most people are just going through the motions in the day. They aren’t adding a tremendous amount of creativity or value they’re just doing what they were told. And so, if you can go beyond that… it’s like that old saying, ‘there’s no traffic beyond the extra mile.’ If you add a little bit more extra than anyone else is doing, you’re flying out there. You’re out there and you’re standing in a world by your own. You’ve gotten to a place where so few people can keep up with you they’re not even around.
People don’t try at work as hard as we think they do. It’s negative to say that, but we can see that from every single productivity study, efficiency studies at workplaces. Most people, because they don’t like their job, they aren’t giving to their job.
But here’s the deal, what if you could teach yourself to like your job by giving more to your job?
What if you could learn to enjoy what you’re doing by thinking of new creative things to add to what you are doing? And by adding new creative things you start to get more results. By getting more results you usually get more recognition and rewards and you start to add value and eventually move on up or get paid more.
Now, in some cases that doesn’t happen, which is why I have this last point.
4. Also, raise your standards for reward.
What do I mean by that? It’s like, if you’re a top contributor, if you’re what we call a high performer… many of you know I teach a program called High Performance Academy, I hope you attend it, it’s one of the best programs in personal and professional development in the US today. I can share with you, what we know at High Performance Academy, if you’re a higher performer, if you are giving and you are not being recognized it’s time to leave or to have a very honest conversation with the people around you and say look, ‘I’m giving a lot. I feel like I’m doing great value of service here and I don’t feel like I’m being compensated enough, so I need to have a forthright conversation of whether or not it’s time for us to revisit my contract or it’s time for me to leave.’
You have to have the boldness in life like that. If you are not being rewarded for your true contribution and you have to question it, because lots of people are entitled and say, ‘I’m contributing so much.’ And you look at it like no, you’re really not, you’re contributing the same as the 15 people around you.
But if you’re really raising the bar on yourself and you’re really hustling and adding value then guess what? You deserve to be compensated. And if you’re not, it’s time to look for new places to go work. It’s time to look for new job opportunities or new employment or entrepreneurial opportunities.
Raise your standards. Raise the expectation. Raise your minimums. Raise your minimums of what you will allow in your life that is not good for you, do something that honors or respects you. Raise your minimums of what you expect out of your bank account. If your only expectation, if every month you’re like, ‘gosh I hope I’m going to have $500 in my bank account this month.’ You’re never going to become wealthy, ever! It’s mean to say that, especially when you’re there and I’ve been there. I’ve been in places where I couldn’t afford a burrito, so believe me I get it sucks when you don’t have money.
But if your only expectation is, ah you know, I hope I have $500 and every month you have $500 and you’re coasting through at $500, you’re never going to become wealthy. Because, at some point, you have to say, ‘what is that number for me that I can aspire to and work myself into?’
A lot of people who discover that six figure job, that $100,000 job, when you interview and ask them, how’d you end up at a six figure job? They all say the same thing. They say, ‘I started looking for a six figure job.’ You’re like ‘whoa!’ Isn’t that amazing?
How’d you end up in a six figure job? They started looking for jobs that were like that and they earned their way into it. They got the experiences or the results that were necessary to earn their way into it or, they just went buck wild crazy and started applying for jobs that were beyond their capabilities and some of them got lucky enough to get hired into them and that’s what happened. Sometimes to get paid at the next level you need to move your city, you need to move to another place, you need to move the employer, you need to quit, and you need to do something new.
But, you shouldn’t be afraid of doing something new that could potentially bring some new value, new lifestyle into your life experience. Sometimes you have to be bold, try new things, push the boundaries, and I think the more you do that with your career, your entrepreneurial opportunities, the way you look at money then you start to experience what we call, The Charged Life.
Finance doesn’t have to be hard. You just have to think of it in simple terms.
How to think about market volatility: Pick a million random people from around the world every day. Some days, 51% would be in a good mood, 49% in a bad mood. The next day maybe it’s the opposite. Other days, random chance could mean 8% of people are pissed off for no explainable reason. This is basically what the market is on a day-to-day basis.
How to think about hedge funds: Probably 100 are legitimately talented and can consistently beat the market with below-average volatility. They won’t take your money. The rest charge ten times the fees of mutual funds for half the performance of index funds, pay half the income tax rates of taxi drivers, and have triple the ego of rock stars. Basically a conduit between public pension funds and private jet brokers.
How to think about (many) economists: A car mechanic who says your air conditioner is fixed if you just assume there’s cold air coming out of it. Your car doesn’t even have an air conditioner. This doesn’t change his opinion.
How to think about recessions: Everyone wants to see Kobe Bryant play all game. But sometimes he can’t. You’ll wear the poor guy out. He needs to sit on the bench once in a while. The sponsors will say, “You can’t do that! We don’t make money off him when he doesn’t play!” They’re right, but only in the short run. Everyone – the team, the fans, the sponsors, and Kobe himself – will be better off in the long run if you let him take a break once in a while. He needs to rest his overworked knee and learn from the mistakes he made last quarter. Don’t worry; he’ll be back.
How to think about IPOs: There’s a new movie out. It looks awesome. You can go see it opening night but the lines are probably really long. Or you can wait a few weeks, go see the same movie, without the crowds, and pick a better seat in the theater. Do that.
How to think about dividends and capital gains: Dividends are your annual salary – pretty steady and even, and you should consider it a huge part of your overall pay. Capital gains are your Christmas bonus – big some years, nonexistent other years, and no one will feel bad for you when it’s volatile.
How to think about pundits: People who profess to have knowledge about things that can’t be known. Combines the skill of an actor, the ridiculousness of a comedian, the believability of priests, and the credibility of politicians.
How to think about margins of safety: You’re building a foot bridge. You can design how much weight it can hold. The heaviest you’ve ever been is 165 lbs. An engineer says, “Let’s build it to hold 166 lbs.” You think that’s crazy, and say it should be able to hold 250 lbs. The engineer doesn’t understand. After a freak illness causes you to put on 50 lbs., he gets it.
How to think about Warren Buffett: If Michael Jordan looked and sounded like such a normal guy, you’d think you could dunk from the free-throw line, too.
How to think about economic data: Ideally we’d have 500 years of unimpeachably perfect data. In reality we have about 50 years of so-so data. If we had the former, we’d learn that so much of what we’ve learned from the latter is wrong and incomplete.
How to think about patience and investing: A guy pulls grapes off a vine, smashes them in his hand, drains the juice into a cup and says, “This wine is awful.” Someone tells him he needs to let it age first. An hour later he says it still doesn’t taste like wine, and gives it to his friend. His friend stores it in his basement for 20 years and has the best wine you’ve ever tasted.
How to think about long-term investing: The labors of your past self work hard while your current self does nothing so your future self will be better off.
How to think about compound interest: Little slaves that work for you while you sleep and breed like rabbits.
How to think about chart patterns: Palm reader with an Etch-a-Sketch.
How to think about bubbles: The masses lose their minds ever 10 years. Afterwards, you fool yourself that you won’t lose yours 10 years from now.
How to think about bull markets: Most businesses, CEOs, consumers, and countries wake up in the morning wanting to do a little bit better and make the world better off. Rising stock prices over time reflect their progress.
How to think about bear markets: They overdo it sometimes. Not a huge deal. Everything that lives and breathes needs a break once in a while. Let it rest and wait for it to get back in the game.
How to think about people who disagree with you: Guy from Minnesota says it’s cold in the winter. Guy from Mexico disagrees, says it’s hot in the winter. Both have a hard time realizing they’re each right based on their own unique life experiences. They call each other idiots in the comments section of news article that has nothing to do with weather.
How to think about the intersection of politics and investing: As little as possible.
Being rich is all about having the right habits. That’s the message from Tom Corley, who spent five years observing how rich and poor people lived, worked, and even slept. Then, Corley wrote about his research in a book called “Rich Habits: The Daily Success Habits of Wealthy Individuals.”
Here’s what he found:
First: Be an early bird. Because among people making six-figures a year, about half wake up at least three hours before they have to be at work. Then, Corley says they use that extra morning time to focus on self-improvement like reading and exercising, because those things help them be more productive at work.
Another daily habit that can make you rich:Don’t gossip. According to Corley’s research, wealthy people are a whopping 14 times less likely to say they spread gossip, compared to people earning less than $30,000 a year.
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Also: Spend less time using the Internet. Corley says most people who struggle with money spend at least an hour a day surfing the Web, or watching TV. But rich people are HALF as likely to go online every day. Instead, they spend that extra hour connecting with others in the “real world,” doing things like networking, socializing, and volunteering.
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Another helpful habit: Make more “to-do” lists. Because wealthy people say they cross off 70% percent of the tasks on their to-do list every day – including short-term and long-term goals, meaning, rich people love getting stuff done.
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Finally: According to the book, wealthy people are calorie counters. They generally limit alcoholic consumption, keep their junk food snacks to less than 300 calories per day, and weigh less. And it makes sense that successful people would weight less, 75% of executives in a recent survey said that being overweight is a “serious career impediment.” Overweight people are 3,000 times more likely to get passed over for a promotion. And fair or not, overweight applicants get turned down for jobs more than any other group.
I mentioned in another post that I am reading Deepak Chopra’s book “Twenty Spiritual Lessons for Creating the Life You Want”
It is about what Chopra calls “The Wizard” in all of us – another name for the Source, Universe, God, our Self, whatever we call that ‘magical’ strength, wisdom, and power inside of us all…….The Wizard is eternal, it is essentially our Spirit that is connected to all…..
I said that I’d pass along good lessons and ideas….
…here are a few more…
“The Return of the magical can only happen with the return of innocence…..
…The essence of the wizard is transformation.”
Think about when you were young – the dreams and things you thought of as a child…..
…you could get excited and super focused about “IT” and you could spend lots of time on it – and not even know how fast time flew by….
your thoughts, actions, intentions, feelings….they were pure, right? They seemed to be true to the real you.
There was an innocence about you wasn’t there – you didn’t worry about all of the things that could go wrong – you didn’t worry about it at all, right? You just dreamed it! You just wanted to go make it happen.
As we get well into adult life, we forget and even try to abandon our child, our innocence. Often it gets away from us and we all lose touch.
We get into our everyday lives and worry and forget about living in the moment, about our dreams, our innocence.
But it only takes a moment to relax, live in the moment, look for things to enjoy, and look for something to celebrate.
Meditate, focus, relax, get centered, and remember what you love. Take time for you. Go into nature,
Take time to find the innocence, the magic inside…
“Why are so many people afraid to take steps to help others? One of the most common reasons is that they are just embarrassed to be doing something they’re uncertain about. They’re afraid of being rejected or appearing foolish. But you know what? If you want to play the game and win, you’ve got to play ‘full out.’ You’ve got to be willing to feel stupid, and you’ve got to be willing to try things that might not work— and if they don’t work, be willing to change your approach. Otherwise, how could you innovate, how could you grow, how could you discover who you really are?” — Anthony Robbins, Awaken the Giant Within, p. 504
Here is a great blog and video for anyone that has struggled financially in the past – or present.
Obviously this guy is really feeling things to the extreme and has an extreme solution in mind, but still, even with a less pressing issue, we can all learn from the video. I suggest that you do take time to watch ALL of the video. I know that it is long.
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Financial Emergency – Do THIS to win back your future (new Tony film below)
Ever had a situation come crashing down around you while you’re wondering, “Now how am I going to fix this?”
Of course you have. The question is: when something goes wrong – whether it’s a work situation, a relationship, or a financial matter how do you get yourself 100% PRESENT to address it? Because when human beings get stressed, we tend to hide. Then we create a story in our minds about why this bad stuff is happening, and why we can’t change it. You have to be SO careful – because this reactive mindset can creep up on you and prevent you from coming up with a great solution.
Most people don’t realize that many or most problems can be solved through a) presence and b) strategy. Everyone experiences obstacles. People who can be present with the problem and present with their outcome – they make use of everything that comes in their way. They see strategies that can be put in play, and they take action. There’s an old saying: “In crisis lies opportunity.” Because crisis destabilizes everything, it enables you to see situations in a fresh set of eyes – and reassemble what’s there into something that is much more meaningful. And guess what? You pull out of the crisis, take advantage of your resources and later, you’ll find yourself grateful that the crisis happened. Why? Because it forced you to make things even better.
In today’s film, we’re going to see how one man who thought he was wiped out by a crisis – then arose to turn it all around within one hour. With Tony’s help, he got present, got a strategy, and found an opportunity… that had actually been waiting for him. Within months, he was much happier than he had ever been before. You’ll see him several years later as he shares his results. This film is special to me because we have received over a dozen emails from people telling us this film literally saved their life. I hope you find it helpful and meaningful as well.
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