MindsofWealth.com

Here at MindsofWealth we are always trying to bring you the most relevant information about all kinds of Wealth.

For August, I will be bringing information to you about a book that we feel is very practical and functions as an excellent of reference on Wealth.

The book is called The Power of Focus by Jack Canfield et. al. (Clicking the link takes you to Amazon.com where you can support the MindsofWealth.)

We don’t believe any type of “book report” type of review would do justice for this book. So I’ll cover what I found most useful:

* Humans are creatures of habit. Up to 90% of our normal behavior is based on habits

* We all have good habits that help us on the road to Wealth, and we all have bad habits that hold us back from our true potential.

*You must make every conscious effort to slowly eliminate bad habits and add good habits. Make a list of both of these and set a goal for eliminating the bad by turning it into a good habit.

*Prioritize. Prioritize. Prioritize. Use the 4-D Solution:

1. Dump It - Just say no to it.
2. Delegate It - It needs done, but someone else would be best suited
3. Defer It -It needs done, but not right away.
4. Do it. Now. -Enough said. Do not procrastinate these.

The 4-D options are so simple, yet very effective in helping to prioritize and manage your life.

*Don’t let your business/work run and ruin your life. There are bigger and better things to value than office burn-out.

*Take a vacation: You deserve it. Make sure you get away from time to time. Re-charge your batteries and refocus your energy.

*There are several tools and acronyms that will help you focus on achieving your goals. Focus introduces a proprietary program called The Achievers Focusing System(AFS) and the B-Alert system for optimum balance.

The AFS contains seven categories that you should set goals in:

1. Financial
2. Business/Career
3. Fun time!
4. Health and Fitness
5. Relationships
6. Personal
7. Contribution

BAlert - blueprint Action learning exercise relaxation thinking

The reason Action is capitalized is because it is MOST important to always take action.

*Building Relationships- Find mentors, join mastermind groups. This has been our toughest part. We are now, after months of in-action finally putting it in motion. I suggest that you do not procrastinate!

There are many more details and explanations in the book which is why we recommend that you buy it. We’ve been so kind as you provide a link above, and below.

The Power of Focus will help you on the path to Wealth.

A.D.

When walking the path to wealth, organization is a very important habit. Being able to find things when you need them effortlessly is a key component to anyone’s success. How many times do you personally go to look for a piece of paper-work only to find out it is misplaced?

This is something I do all the time. I have tried several different techniques when trying to organize but some just do not work. There are several on the other hand that make my life so much easier. I have adopted three habits that probably save me close to ten hours a month of free time. Not to mention the amount of stress it saves me from not having to look for keys, papers, phone numbers etc.

Below I have the three techniques that I started with. Remember that everyone starts somewhere and if you are to succeed at anything you have to take it one step at a time. So take a step in the right direction and find out what it takes to be organized.

 Step 1 - Your Keys

This may seem petty but don’t neglect this important topic. Eight out of ten people loose their keys at least three times a week. Whether they are on their way to work or they are just in a hurry to get somewhere, people lose their keys. It’s a fact of life and it has happened to me thousands of times. One simple technique I picked up from a book I read stated this: place your keys in the same exact place, every time you come home for 21 days and you will never loose them again. I personally hang them on a hook by my door and although it took me a couple of weeks to remember to hang them there, that is where they go every time I come home. You can put them in a basket or next to the sink, whatever you choose to do. Did you know that if you loose your keys and are looking for them a total of twenty minutes a week you have spent close to eighteen hours a year just looking for keys? This is almost a full day of your life wasted looking for something as small as your keys. Keep that in mind and remember that it is the little things that count.

Step 2 - Filing Folders

Always, always, always, always file papers and documents away. I personally have a filing cabinet that has every bill I have ever paid in it. During the year every time I get say, an electric bill, I pay it then it is thrown into the “electric” folder. Along with filing it I put the date it was paid so that I know when I sent the check. This keeps everything neat and tidy so that if the electric company ever calls to say I never paid, guess what? I have it documented with easy access as to when and how it was paid. This goes for all paper and documents. I have all insurance papers filed an placed in folders as well as all of my old pay stubs from previous jobs. This makes everything so nice so that I do not have to hunt for anything.

Buy a filing cabinet and organize every piece of paper that is sitting on your desk right now. Believe me, when you need something you will be thankful that all you have to do is open a drawer and there you have it.

Step 3 - Very Important, Important, and Not Important Folders

I have three folders on my desk that are labeled very important, important, and not important. Every time I have something that need to be done right away I put it in the very important folder and deal with it either that day or the following day. If something is fairly important I put it in the important folder and you get the picture. This saves clutter from my desk and also provides information as to what I need to take care of now and what can wait. I schedule a few days a week to clean each of these folders out and because of that I rarely have a mess anywhere regarding paper work. These folders are mainly used for documents and papers that do not require filing. Say you have a loan application you need to fill out you would probably want to place it in the “Very Important” folder. This way you do not forget and you have it ready to go when you need it. I also place customer information such as estimates and billing questions in there. This is just another simple task that has made my life a little easier.

Please, I urge you to practice these techniques. Like I said by just doing these three things I have saved myself countless hours.

Try one a week or use them in succession. What ever is easier for is what we want. Just remember that nothing will happen unless you take action. So take action, buy some folder and get yourself organized. Check back with other posts on organization and successful habit forming techniques.

The short answer: everyone.

See this article for some of the reasons why. They are very solid expectations and I’m sure you have your own. Your lifestyle choices are limitless. An eternal vacation. Achievement. Accomplishment. Need I go on?

So why are there slightly less than 1000 billionaires on the Forbes billionaire list? Because it’s not easy? Or because most people can’t truly envision 1 billion dollars and won’t take the steps to make it there? You would have to win a big lottery(350 million) three times to be a billionaire before taxes. A lottery would be the average person’s first guess on how to get a sum of money with this magnitude.

Here at the Minds of Wealth we feel there are a few better guesses and achievable ways that you can make a billion dollars. We hope to do our part to make another 1000 billionaires, and many thousands more millionaires. We ourselves want to be billionaires. This blog is one of the products of that vision. We will have many posts about investments in many types of monetary wealth building areas: Stocks, Real Estate, Tax Liens, Businesses, and more.

There is one thing to do before you plan out anything. This step is a step most people fail at, and a reason why most people fail in the long run. This step is called: Visualize. You must visualize where you want to go, what you want to do, and how you would like to succeed. You can Visualize material items, family relationships, charity donations, health, looks, success, etc. Write these things down. Write them down often. I have a 3′x2′ dry erase board in my room that I write out what I am currently Visualizing. Every night I write over the same things to reinforce my mental outlook. I spend only a few minutes each day in the shower, and each night before bed envisioning these items coming true. Some of these visions are flexible and can change on a daily basis, while some are long term items. For example: My board says: $1,000,000 A long term vision (1yr+) It also says “Blog visits”. This is a short term goal because you will be telling your friends about this site… right? There is no vision too small, and no vision too large if you truly believe in it. I feel as if I have just touched on this subject and there can be several more posts in the future. Stay tuned!

I’ll leave you with the MindsofWealth path to monetary wealth:

Visualize.

Increase your knowledge.

Manage your money.

Plan your investments.

Start your businesses.

Expand your Vision.

Execute precisely.

Enjoy your rewards.

Check back often for more posts at The Minds of Wealth.

A.D.

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