Jul
03
2009
2

Having the Mindset of a Millionaire #2 (Educate Yourself)

Celebrate Independance Day... by Becoming Financially Independant!

Celebrate Independance Day... by Becoming Financially Independant! Educate yourself by finding yourself mentors who have already gone, where you want to go!

Happy Friday to all you beautiful people out there in the world… I hope you are having a BLESSED day (considering the fact that for many of you, today marks the first day of a three day holiday weekend in the United States!)

Last Friday was the first of many in our Financial Fridays series… in which we will devote this blog to covering wealth, finances, and money… all from a Godly perspective.

On the previous Friday, we talked about having a Millionaire Mindset… and the 4 IMPORTANT principles I personally have used to help my household attain financial freedom.

(1) Not Going Back to Crap!
(2) Educating Yourself!
(3) Believing in Yourself!
(4) Taking Action!

Educating Yourself

Read the following words which were penned by King Solomon… the richest and wisest man of his days:

Listen to advice and accept instruction… and in the end YOU will be wise!” (Proverbs 19:20)

Whenever you make the decision that, “Yes… I want to be wealthy and have more than just ‘enough’ in my bank account,” you will need to put yourself around mentors who have achieved a much HIGHER success than you … so that the knowledge & wisdom that they have, will rub off and be imparted into you.

But for many of us, we can’t exactly jump on a plane and fly out to have dinner with a Warren Buffet… or go shoot some pool with a Bill Gates… or perhaps spend a day at the court with a Magic Johnson… so how do we get the advice and the instruction of some of these financial geniuses and gurus… so that we become wise?

You can easily afford a mentor by buying the books, videos, programs, courses, etc…. that they produce. This will provide you with MORE than enough information that you need to help start you on your road of financial independence!

Go to the money, finance, or business section of your local Borders… or Barnes & Nobles and read, read, read… and when you’re tired, take a break… and then READ some more!

If you’re lazy (like me)… and want to compliment your reading, try buying audiobooks… which are simply books that are recorded on CDs…. that allow you to conveniently listen to your mentor on the go in you car… or at your workplace.

Whatever you want to become in life, whether it be business, career, financial, spiritual, whatever… find the experts in that field… and grab up ALL the information that you can on them… and then buy up all the products they have produced and LEARN from them!

Don’t worry about spending a couple hundreds of dollars on this education. Remember… this is an investment in YOURSELF!

Also, start reading financial newspapers & magazines like the Wall Street Journal, Kiplingers, Entrepreneur Magazine… and start learning what different terms and words mean.

No, I’m not going to lie and tell you that reading all those financial magazines and papers are fun… because they are not!

But let the truth be told in my opinion… there is one thing that sucks even more than reading boring literature… and that is BEING BROKE!

Be blessed and have a GREAT holiday weekend… and walk in God’s abundance today!



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Written by Daniel Wiafe in: Money | Tags: , , , ,
Jun
01
2009
2

How to Invest in Your Self (Part 3 of 3)

Daniel Wiafe

Alright, so it’s Monday (definitely the best day of the week – LOL)… and for most of you across the world, you have gone back to work after hopefully a good weekend. My weekend is still going on… I’m writing this blog post from a LaQuinta in sunny and warm North Las Vegas, NV and will return back home late tomorrow evening to good, ole Oklahoma.

Anyways, for the past few days we have been looking at seven (7) things we can pursue… that will increase us spiritually, physically, mentally, and emotionally.

These things include:

1) Spend 15-30 minutes a day in Personal Development
2) Put God First, Family Second, Self Third, Others Fourth
3) Make Own Lifestyle Decisions
4) Whatever U Do for Money… Make Sure Your in Business for Yourself
5) Exercise
6) Make the Most of the Money You Bring in to Your Home
7) Map Out Your Own Financial Future

Last Thursday and Friday, we described in detail the first 4 items on the list above.

If you missed Part 1, you may click here to read it first.

If you missed Part 2, you may click here to read it second.



5) Exercise

Obviously exercise is needed for us to keep this marvelous body that God has blessed us with… in good shape. Would you let your car run for a year without changing the oil? Or would you let your child go a month without bathing him or her? Well the same is true with our bodies…. we must keep ourselves physically fit.

The biggest issue with exercise I feel, is that most people feel like they don’t have enough time to do it… but I would say to those people… you can’t afford NOT to exercise. People who live sedentary lives have shorter lives… have more health complications… and the lives that they live are not as exciting (for the most part) as those who are physically fit.

There are THREE (3) major things that we should do so that we can have a strong, healthy body for many years to come…

1. Aerobic or cardiovascular activities — Do this at least 3 times a week at minimum, for at least 30 minutes. Do FUN things that you like, such as playing basketball, tennis, rollerskating, jogging, flag football, bicycling, soccer, kayacking, rock climbing, walking, swimming… ANYTHING and EVERYTHING that is fun for you to do that gets your heart moving, is a good candidate.

Having a strong heart and strong lungs is a primary thing for all of us to do… and there are many fun things you can do to keep a healthy and strong heart.

2. Weight Training — Okay, so I know some of you (especially the ladies)… don’t want to look like Arnold Schwarzenegger… but keeping your muscles strong is a MUST, especially if you want to live a strong and healthy life.

And don’t worry ladies… you won’t look like She-Hulk when you start lifting weights. Why? Because those woman who are super-buff and super-ripped take steroids. Testosterone is the chief catalyst that make muscles become HUGE and BULKY. That is the main reason why men in general… can develop more bulk than our female counterparts.

To check out a good workout program… check out Tim Ferris’ post on Weight Training by clicking here.

3. Stretching — You have to keep your muscles limber… to prevent you and your joints from getting hurt if you have slips and falls. Spend about 10 minutes a day stretching your hamstrings, calves, lower back, neck, quadriceps, shoulders, etc.

6) Make the Most of the Money You Bring in to Your Home
Some people make a LOT of money. Some people make decent money. Some people are so broke, they look for change in between the cushions to pay for gas!

Whichever category you may land in… you are the end decision-maker on where your money will go to. Obviously we all have bills to pay (mortgage/rent, utilities, food, etc.)… but all the rest of the income we have left over after paying the bills… can be spent on things that lift us up financially or take us out.

Do you spend your extra money on buying assets and other things which go up in value for the most part (ex. real estate, stocks, business ventures, etc.) or things which have HIGH value (ex. fitness, giving to your local church, feeding hungry children in Africa, education,etc.)…

…or do you spend the VAST majority of your discretionary income on things which go down (ex. expensive cars, clothes, eating out, movies, jewelry, etc.). Now I’m not saying to NOT buy things of this nature (that would truly suck & life would be boring!)… but what I am saying is don’t spend the VAST majority of your extra income on this stuff.

7) Map Out Your Own Financial Future
IMPORTANT: Do not allow others to map out your own financial future. You should take charge of your own future. Do not depend on your job, or your boss, or the government to take care of you… because in the end, they won’t.

You DO NOT want to be that type of person… who when they are in their 60’s complains that someone else didn’t take care of them. You are NOT a baby, you do not need anyone to take care of you… or to be dependent on anyone… but God.

I am not saying don’t get financial advice. Do get GOOD financial advice from people who actually know what they’re talking about… and follow their advice only when it makes sense in your situation.

God bless you all and if you have any comments… please leave them below. Until tomorrow, be blessed and walk in God’s abundance today!

6) Make the Most of the Money You Bring in to Your Home
Some people make a LOT of money. Some people make decent money. Some people are so broke, they look for change in between the cushions to pay for gas!

Whichever category you may land in… you are the end decision-maker on where your money will go to. Obviously we all have bills to pay (mortgage/rent, utilities, food, etc.)… but all the rest of the income we have left over after paying the bills… can be spent on things that lift us up financially or take us out.

Do you spend your extra money on buying assets and other things which go up in value for the most part (ex. real estate, stocks, business ventures, etc.) or things which have HIGH value (ex. fitness, giving to your local church, feeding hungry children in Africa, education,etc.)…

…or do you spend the VAST majority of your discretionary income on things which go down (ex. expensive cars, clothes, eating out, movies, jewelry, etc.). Now I’m not saying to NOT buy things of this nature (that would truly suck & life would be boring!)… but what I am saying is don’t spend the VAST majority of your extra income on this stuff.

7) Map Out Your Own Financial Future
IMPORTANT: Do not allow others to map out your own financial future. You should take charge of your own future. Do not depend on your job, or your boss, or the government to take care of you… because in the end, they won’t.

You DO NOT want to be that type of person… who when they are in their 60’s complains that someone else didn’t take care of them. You are NOT a baby, you do not need anyone to take care of you… or to be dependant on anyone… but God.

I am not saying don’t get financial advice. Do get GOOD financial advice from people who actually know what they’re talking about… and follow their advice only when it makes sense in your situation.

God bless you all and if you have any comments… please leave them below. Until tomorrow, be blessed and walk in God’s abundance today!



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