The Reasons Why You Might Never Be a Success

It seems my philosophy background just keeps leaking into my personal finance writings more and more each week. Maybe that comes with age and experience as I start to put all of those mysterious pieces of the life puzzle together, I don’t know for sure. Well, that’s my new theory so I am going to go with that. And that brings me to today’s subject – you and success.

If you don't have the right mindset and don't follow these six success factors, you'll never be a success, in finances or in life.

There are a lot of really successful people out there. You hear about them and you probably think something like “How did they get so big and successful?” People like a Mark Zuckerberg for example, a college student, who came up with the idea for Facebook and turned it into a multi-billion dollar business. Wow! So, why him…and not you?

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How to Better Your Financial Decision Making

Life isn’t easy. We all make little and big decisions every day and sometimes it feels like there isn’t a minute that goes by that we can just veg and not have to do any decision making at all. Oh, and by the way, if you actually try to do just that, someone will probably call you out and tell you that you’re shirking your responsibilities or not facing up to reality or must be plain lazy or stupid. Is that why you never avoid making a decision or you agonize over one and never ever take a few minutes to take a deep breath before you do?

Financial decision making can be difficult and overwhelming, but here are some ways to make it easier and more successful.

When it comes to your money decision making, the pressure is even more ridiculous. Why? Because not only are those decisions important to you, but they show up and stand out. I mean they are pretty visible to the naked eye and often are the main ways that others can see how you function and judge how good your decision making actually is. Even though it sometimes doesn’t show up immediately to the naked eye, your money decisions will eventually be very visible and will affect you, your family, friendships, and even your job. Perhaps you can hide a few bad decisions, at least for a while. But when that day of reckoning arrives, everyone will know what really happened. When that happens, it’s not just bad for you, but for everyone around you and that just sucks!

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How Your Money Obsession Can Hurt You

Got money on your mind? That’s not surprising, considering it affects so many aspects of our lives. It’s almost impossible not to think about money since we are bombarded every day with all kinds of talk about spending it, earning it, and well even just worrying about it, like your retirement planning or paying off your debts. Money obsession is real. There is almost no way to escape it except perhaps by pulling the blanket over your head and sleeping a little more, but even with that you do risk the potential of dreaming about it!

While planning your finances is important, thinking about them too much may mean you have a money obsession, and that can hurt you in many ways. Here are just some of the ways obsessing over money can have a negative effect on you.

Of course, thinking about money can be beneficial if it does lead to actions that can improve your finances and your life. But, and it’s a big but, when it becomes a preoccupation or obsession with your finances, it can also be very harmful, and I am not just talking about its mental effects either. How can your obsession with money hurt you? It can actually hurt you physically, financially, and emotionally!Continue reading“How Your Money Obsession Can Hurt You”

Why Learning to Say No is So Powerful

Saying “yes” to almost everything requested from us feels safe, avoids conflicts, and takes less time than pausing to decide whether or not that request is truly important and valuable. Too often we are just so darn busy that we don’t have the time to stop and think about much of anything and so we default to our standard answer, “yes”. That used to describe the way I was, but not today. That’s why I’m learning to say no as my default answer.

As part of our quest for success, we are often conditioned to say yes to every opportunity. But learning to say no gives us the power to determine what's valuable to our work and personal lives. Here's why I'm learning to say no as my default answer.

What Made Me Change My Mind?

Saying no, thoughtfully, may be the most undervalued action of our time. In our world of relentless demands and infinite options, we really need to prioritize our tasks and responsibilities so that they can add the most value to our work and personal lives. That means deciding what to do more of, less of, and what to stop doing altogether. Saying no gives you the time you need to do just that.Continue reading“Why Learning to Say No is So Powerful”

So You Want to Be a Millionaire!

(Where is Michael Anthony When You Really Need Him?)

If you’re under age 40, you know the TV show “Who Wants to be a Millionaire?”. We all like that idea. But, if you’re around my age you probably also remember the old TV show called “The Millionaire” which aired on CBS from 1955 to 1960. You can even watch old episodes on YouTube.

Becoming a millionaire is a dream for many of us. But are there dangers to having so much wealth? Today's post explores what could happen if you were to receive a million dollars.

The Millionaire was an anthology series that explored the ways that sudden and unexpected wealth changed someone’s life, for better or for worse, and it became a five-season hit during the Golden Age of Television.Continue reading“So You Want to Be a Millionaire!”

Health, Wealth, or Something “Elth”?

Remembering back to when I was kid (that’s way back!), the local Chinese American restaurant might offer special “family” combinations leading to the iconic phrase “Choice of one from Column A and two from Column B” and its variables. Those restaurant menus used to have long columns of dishes (Column A, Column B, etc.) and whenever you were ordering food family style, it was a pretty cool way for each member of the family to get their own special choices. And even better, it was usually specially priced because you were getting multiple items at once for the big meal.

If life were like a Chinese menu, with choices from column A and column B, what would you select? Are you working in real life to obtain these life choices?

Column A or Column B?

One could choose one item from Column A, two items from Column B, and so forth and this method became so familiar that choices from “Column A” and “Column B” in anything (business, mathematics, whatever) often were called a “Chinese menu” in the slang of the time. The “Column A, Column B” sorta became a joke around the country back then.Continue reading“Health, Wealth, or Something “Elth”?”

Risk Tolerance and How It Leads You to Rewards

Most people are hesitant to take risks in their lives. It’s kind of human nature for people to fear risk. With the possible exception of Evel Knievel, Neil Armstrong, and a couple of others, it’s tough for us to step out onto that ledge and take a chance. You probably won’t be considering riding a motorcycle and jumping over a dozen cars or rocketing to the moon and back for fun or profit like Evel and Neil did back in the day, but what about other risky things that you deal with in your real life all the time? It all has to do with your risk tolerance.

It's important to know your risk tolerance, not only when you are investing, but in life as well. If we're afraid to take big risks, we may never know big rewards. Here's the smart way to deal with risk.

What Are Some Risks You May Have to Face?

There is a laundry list of things and events that we face regularly that may involve risk. That means everything from meeting your future in-laws for the first time to making financial investments for your future and retirement.Continue reading“Risk Tolerance and How It Leads You to Rewards”

Do You Suffer From FOMO: Fear Of Missing Out?

Often we spend a lot of time trying to rationalize why we haven’t achieved all of our goals in life and yet we spend a lot of our time looking at others and wondering why and how they were able to have made it. Enter FOMO, or fear of missing out.

FOMO, or fear of missing out, can cause us to focus on social media instead of the goals that are truly important to us. Don't let FOMO hold you back.

Wondering why about our lack of achievements seems like a waste of valuable time. Yet it doesn’t take long in a conversation among busy adults to get into it and for someone to raise a pervasive, underlying concern: “Am I making the right choices for my career, my family, and my life?” We’re so often consumed with what we—or our loved ones—might be missing out on or not achieving that it’s not a surprise to me that FOMO, the acronym for the fear of missing out, was added to the Oxford English Dictionary a few years ago.Continue reading“Do You Suffer From FOMO: Fear Of Missing Out?”