Are You Safe?

You probably have a job.  Jobs are good, at least many of them are.  If you have a job, you get paid to come to the office or job site, spend your hours working on tasks, and at 5:00 you get to go home.  If you’re really blessed, you get to work with people you like and do tasks that are interesting and challenging.  Your job is a blessing, even if it doesn’t feel like a blessing at times, as it brings income into your household.  But for many, and perhaps for you, the one source of income creates a dangerous and precarious position.

2011 Spring 016

It Wouldn’t Happen to Me

How many people have to decide they don’t like you in order for you to lose your job?  Even worse than that, how many people have to decide that your department is overstaffed, and you are the most logical person to eliminate?  Unfortunately, in most cases, as few one may decide to give you your pink slip.

Companies who lay people off aren’t bad or evil—in fact, if they refuse to take such measures they run the risk of running the business out of business and causing all the employees to lose their jobs.  The answer to the tough reality of being an employee is not to get mad at companies.  Instead, why not protect yourself by diversifying?

Employee, Self-Employed

Working as an employee is only one of several major ways to create income.  It has the advantages of typically stable income (your paycheck is the same each week) and fringe benefits like insurance.  Disadvantages can include a cap on your income and a disconnect between productivity and compensation.  Some people create income through being self-employed.  They are still an employee, trading their time for money, but they have the added benefit of a larger income potential, as the money they earn is theirs, and the more productive they are, the more they make!  This can be a good option, but is tough to pursue without making a big change, quitting your job, and giving it a go.

Using Money to Make Money

Since our purpose is to diversify income, we’ll focus on the following two ways of creating passive income:  investments and business systems.  First, investiments.  You’re probably familiar with things like stocks, bonds, and real estate.  These assets are a great way to diversify your income, because instead of having to trade more time to get more money, as you do with a job or a self-employed opportunity, you use money to create money.  As you save and invest, your portfolio grows and grows, so that each year a larger and larger percentage of your total income is capital appreciation.  This is a great way to protect yourself from having your entire financial life being in the hands of one person.  You could still be laid off from your job, but now you lose only a percentage of your income, rather that the whole thing.

Creating a Business System

Another great way to create income is to build a business system.  You may not think you know about this concept, but if you’ve eaten at McDonalds you actually do!  The history of McDonalds, as the history of any fast food chain, began with one man’s good idea.  Ray Crock opened a hamburger stand, serving burgers and fries for 10 hours a day.  He figured out how to run the business well and made some money.  He wanted to make more, but didn’t want to stay open longer.  So, he created a business system.  He showed a friend how to open a burger stand just like his on the opposite side of town.  Then he did it again with another friend. And another, and another.  After a while, the new stands spawned more locations, and the franchise began to multiply.  Each new person who wants to own a McDonalds location is trained in the right way to run the place, and the system grows and grows.  Everyone wins here, from Ray Crock, to each business owner, down to each and every customer.

So What?

So how does this knowledge help you?  Is it only relevant if you want to open and run a McDonalds?  No—you can use this same model to diversify your income and lower your dependence on your employee income.  At TotalThriver.com, we not only help people thrive in the areas of fitness, finances, and faith, but we also show budding entrepreneurs how to start a business of their own.  Like other franchises, we have a proven system for getting a new person profitable in a business moving high-quality products that people in your network use every day.  Sound like something you’d like to check out?  Send a message to our Facebook group (ThriveMart) and get some info diversifying your income today.  Your tomorrow can be better than today; are you willing to put in the work to make the dream a reality?

The Well-Kept Secret

Those who are financially free are those who know, and have applied, something that the rest of us don’t.  In fact, not only wealthy people, but every person who has success in any area of life has learned and applied a secret principle.  Although these people are not shy about sharing their secret formula with others, the principle remains elusive for most people.  And of those who know this principle which guarantees success, a great many people refuse to employ it to affect the result they desire.

Wedding

The Action Component

It’s been said that knowledge is power.  This is almost correct:  applied knowledge is power.  The difference between knowledge and applied knowledge is this well-kept secret known by all who possess success–be it financial, physical, or in any other realm.  You must know what you want.  You must know what actions are required to obtain what you want.  But with these two pieces only you cannot succeed.  You need the third piece: consistent daily action.

Discover Your Dream

Imagine your dream life.  If you could have anything, anything at all, what would it be?  Whatever it is, let’s represent it as a large tree.  You have an axe and must chop down this large tree.  Each swing of your axe gets you a little closer to your goal.  Find a mentor who has a life closer to your dream life than you do.  Ask him what actions he took to achieve the level of success he has attained.  These actions are your axe swings.

Five a Day, Every Day

Now for the application of the secret principle:  Take these actions; every day.  Not some days, not for a short period, but every day.  Here’s what I know:  if you swing your axe five times per day, every day, every day, every day, eventually the tree will fall.  No matter how big the tree, no matter how great or terrible you are at swinging, the tree will fall.  You must know what you want, you must know the right activities, but many people who have these things right still do not succeed.  Too often, we give up to early, or fail to take daily consistent action.

Persist Until Victorious

Do not let failure beat you in this way.  Discover your dreams, find what your axe swings are.  Then commit to doing them every day without fail for the next 2, 5, 10 or how ever many years are required to get there.  Success is never comfortable or easy; it is, however, worth it!

Worth the Hassle

Today’s topic most certainly falls under the category of “things I know I should do, but I never feel like getting around to.”  Although this simple practice will help protect you from excessive damage from identity theft and is a habit of the financially responsible, all too often we’re apt to neglect checking our credit report.  But, with the information you’ll get below, you’ll find that this financial discipline is actually very easy, free, and will give you confidence in your financial health.

Despondent Lisa

Big Brother’s Watching

If you’ve never seen your credit report before, get ready to be surprised at all the information about you that’s floating out there in cyberspace! It addition to every credit account you’ve ever opened (many you’ve probably forgotten about), your credit report will show you previous addresses, phone numbers, and lots of other data that other parties collect about you.

Free is Good

There are three credit reporting agencies:  Equifax, Experian, and TransUnion.  You can access your credit report once per year from each agency for free by visiting www.annualcreditreport.com.  I checked mine earlier today, and from the moment I arrived at the site to the moment I printed my report was less than five minutes.

Watch for Posers

When looking over your report, note any activity that looks unfamiliar or suspicious.  If someone took out a loan or opened a credit card fraudulently in your name, it should show up on your report.  Take action to resolve these issues right away if they exist, as they’ll only get worse with time.  You may also want to close any inactive accounts that show a zero balance, as these can be easy openings for future identity theft.

Take a moment to download your report from one of the three bureaus today, and then set a calendar reminder four months from now to remind yourself to check another bureau then.  With this rotation you’ll get a copy of your report three times per year for free—and at a time cost of less than five minutes, we are all without excuse for knowing our financial health!

Your Surroundings

Imagine I had a very valuable and powerful computer, capable of extraordinary things and able to make me healthy, happy, and wealthy.  What should I do with this incredible machine?  If I asked you who I should have program it for me, who would you recommend?  Should I allow random coworkers, family members, or friends to load whatever content they want into my computer?

DSCN3587

Your Incredible Mind

Guess what—you do have a very powerful computer that can get you anything you want in life.  It’s called your brain!  Scientists are continually amazed at the incredible complexity and capability of the human mind.  And, just like a computer, your brain can be programmed.  In fact, your brain is being programmed whether you realize it or not!

The problem with most of us is that we are simply not intentional about what we allow to program our brains.  We often let the foolish words of well-meaning people invade our minds and keep us from growing to the heights we’re capable of.  One may try something great, fail, and accept failure as part of his life.  He then spreads his bile to those around him, discouraging others from pursuing their dreams, simply because he has failed, given up, and accepted defeat.

Filtering What Goes In

You have a choice.  You can spend time around the failure of a man described in the previous paragraph, letting his rotten ideas and programming spoil your mind.  Or, you can intentionally limit your time around such people and develop a filter for the junk ideas they spew.  Turning positively, you can seek out successful people, people who have achieved what you want and are seeking to improve themselves further still, and allow them to speak positive ideas into your mind.

Choose Your Associations Wisely

Success always requires hard work and sacrifice.  You can decide to accept your status quo as it is now and fill your life with distraction and entertainment.  Or, you can get around people who challenge, inspire, and motivate you.  The company you keep and the advice you follow will create the path and future of your life.  Will the path you’re on today lead to a thriving life?

Are You Busy?

We are busy people.  If you’re like most of us these days, you fill your plate to overflowing with activities, work, fun, family, church, sports, and many many other things.  Often, these things bring benefits to our lives, although they can sometimes make us feel overwhelmed.  Worse still, we’re not always too accurate in our estimation of how many hours a new commitment will require, and this can lead to a schedule packed full of activities that might not quite line up with our dreams, desires, and priorities.  Is there any way to gain control of our schedules?

0601131012

Money and Time

Just as it is with money, time often gets away with us.  Without intentional planning, the loudest cries for our attention get our time and money first, leaving other, more important priorities lacking.  A telltale sign of this is when we fine ourselves saying, “Oh, I’d love to do something like that, but I just don’t have the time!”  It doesn’t take too much reflection to realize how preposterous this statement is.  As if any person is given any more or less than 24 hours each day!  We all make choices each day how we will spend our hours.  It’s ok if you don’t want to prioritize a fitness regimen in your life, but don’t fool yourself by saying you don’t have time to go to the gym.

Be Real with Yourself

Think of it this way:  you, just like the rest of us, have 168 hours each week.  Typically, work will consume something like 45 of them and if you sleep 8 hours a night, that’s another 56.  So, how will you spend the other 67 hours?

Just as with budgeting money, budgeting our time will help us elevate our highest priorities first, and let the things that matter least fill in the gaps.  Instead of spending 24 hours watching TV this week, why not reduce it to 20 and invest those 4 hours into growing your marriage or relationship with another important person in your life?

You Can Have It; Are You Willing to Pay the Price?

It’s pretty easy to fall into the trap of wistfully wishing for things we’d like in our life, but failing to take any action in pursuit of those things.  What do you really want?  Can you make a decision today to spend three hours next week pursuing it?  Maybe all you can do during those three hours is some research.  But guess what?  The following week, you’ll be armed with the info you need to take the next step, then the next one, on and on until you reach the place you want to be.  The journey to success may be long, but what’s that to you—you’ve got time!  😀

Get More of What You Want

What if there were a way that you could have more of the things you want in life? A better car, more time with family, better and more frequent vacations, or anything else you can think of. Would you be willing to make a few changes in your life in order to get these things?

IMG_1712

Have You Lost Your Dreams?

Most people are good dreamers when they’re young. We imagine what life could be: the things we’ll do, the places we’ll go, the people we’ll influence. But, as we get older and become part of “the real world,” the temptation surfaces to deny or suppress our dreaming. There are a few big reasons this happens. One, that’s what people around us do. As you know from being a reader of this blog, that’s never a good reason to do anything! But a second reason is that often the practical cost of all the things we’d like to do adds up to a great deal more than we earn in income. This is a real limitation, but I have some good news: it can be overcome in two ways.

Owning Your Priorities

The first way to overcome the gap between what your dream life costs and the money you have available is to eliminate things which are not essential. For example, I may dream of owning a top-of-the line road bike, but don’t currently have the $1,500 in the bank to purchase one. However, owning the bike of my dreams is actually within my reach. I can get the $1,500 I need if I will simply commit to cutting $1,500 from other areas in my life. Maybe I collect $200 by abstaining from buying coffee from Starbucks for a year. I can collect another $300 by canceling cable TV for three months, and get $150 more by selling an old stereo that I never use. What I’m doing here is sacrificing the things that aren’t important to me in order to obtain that which is important to me.

We often let statements like, “I wish I could afford that,” or, “someday I hope to be able to…” come out of our mouths. As in our example above, the fact of the matter is that we can afford the things we’re dreaming about, but we refuse to give up the other things in our life that we need to sacrifice in order to get it.

Instead of Shrinking Your Dreams, Expand Your Income

The long-term way to overcome the gap between the life we imagine and the life we can afford is to develop an asset. One of the best definitions of an asset, especially in the context of what we’re discussing here, is Robert Kiosagi. In his book Rich Dad, Poor Dad, Robert defines an asset as something you own that produces a stream of income for you. By this definition, a house you own and live in isn’t really an asset, because it moreso takes your money, through taxes, interest, and upkeep expenses, than it produces in capital appreciation for you. An asset by Robert’s definition would be ownership in a growing company, a stock or bond, or creating a franchise. What assets do you have currently? What opportunities do you have to develop an asset?

We’ll Show You How

If you don’t know where or how you could begin to create an asset for yourself, you are in the right place! Part of what we do as part of our ThriveMart business is something called, “personal franchising.” We help people to do what we’ve done—start a business that they own without the risks and financial investment typically required to launch a business. Visit our ThriveMart facebook page and send us a message to learn more, and remember what Zig Ziglar says, “you can have anything you want in life if you’ll just help enough other people get what they want!”

What Are You Pouring In?

In my garden out back of our house, I planted tomato, pepper, and squash plants this spring.  I did not plant only a single seed of each, but many seeds of each type.  What would you think of me if I say I am disappointed today that I have no apple trees, cactus plants, or strawberries growing?  Would you think me foolish?  What if I went further to say that I am frustrated that so many tomato, pepper, and squash plants are growing?  Surely then you’d think me strange, right?

100_2071

What Are You Growing

While we might think this sort of behavior foolish, we tend quite often to act this way when it comes to what we plant in ourselves.  We desire to have good things happen to us, to have a life full or rich relationships and success, but how can these things grow if they haven’t been planted?  Take this past week for example:  how much time did you spend around positive, excited winners?  Did you learn things directly from leaders or mentors of yours by listening to their wisdom as they poured their experience into you?  If not, how can you expect the plants of success to grow?  There are no seeds to even start with!

Conversely, how much time in the past week have you spent letting negative messages pour into your head?  Have you listened to others around you complain about things they don’t like or blame others for the situations they find themselves in?  Have you spent many hours letting the TV be your teacher?  Are the shows than you watch filled with positive messages of overcoming difficulty through persistence and teamwork, or are they overly-sexualized sitcoms that display selfishness, destruction, or belittling others.  If the latter, what do you think these seeds will grow into within the garden of your mind?

Understand the Connections

Our lives are in much more of our own control than we often realize.  Wise men make the connection between what’s poured into the mind today and the situations we find ourselves in tomorrow. Will you take the step of intentionally pouring in an shielding yourself from the bad?  Put distance between yourself and the habits of the masses, and watch your life of success grow and flourish!

Does Money Drive Your Decisions?

Have you ever heard someone quote from the Bible that, “money is the root of all evil?” Does God really oppose riches and want His children to avoid nice homes, cars, and other physical possessions?  Is it wrong to seek financial freedom and success?

a formal affair

To start off, let’s check the accuracy of that biblical quote.

1 Timothy 6

7For we have brought nothing into the world, so we cannot take anything out of it either. 8If we have food and covering, with these we shall be content. 9But those who want to get rich fall into temptation and a snare and many foolish and harmful desires which plunge men into ruin and destruction. 10For the love of money is a root of all sorts of evil, and some by longing for it have wandered away from the faith and pierced themselves with many griefs.

Money is Paper

Does this passage teach that money is bad?  Is money the root of all evil?  No. Rather, it is the love of money that is a root of all sorts of evil.  Loving anything more than we love God is idolatry, and to do so violates what Christ said was the greatest commandment:  to love the Lord our God with all our heart, soul, mind, and strength.  As the passage above teaches, many foolish men have wandered away from God in the pursuit of their greatest love:  money.

So, if loving money is a danger we must be careful to avoid, should we seek to keep our income low and not bother to learn sound financial principles and habits?  Some have misquoted and misunderstood Scripture in asserting such ideas, only to find that this foolishness has the opposite effect than what was intended.

Money on Your Mind

Which man spends more time thinking about money, the one who earns plenty and has a large savings account or the one who earns little and lives paycheck to paycheck?  All else equal, who places more value on a $100 bill, a man who’s in debt up to his ears or a man who has a $1 million net worth?  A rich man may be miserly or generous, and a poor man may love God or love money, but in general the following applies:  those with plenty of money make fewer decisions based on money than do those who have little.

How Then Shall We Live?

So, what does this mean for us—the majority between poverty and affluence?  How should we live in light of these truths?  I see two major lessons:  First, always check your heart that you’re loving God more than money (or anything else for that matter).  Whether you count yourself rich or not, your heart can be led astray after money, so guard yourself and always see money as a means to serving God, not the other way around.  Lesson number two is this: act wisely now in order that your decisions need not revolve around money later.  Dave Ramsey says in this way:  Live now like no one else so that later, you can live like no one else.

Don’t Be the Joneses

It’s a hard thing to do, saying no to fun trips, activities, and purchases just because “we don’t have the money.”  What makes it even harder is that it’s so easy to borrow money on a credit card or finance a big purchase, and this is exactly what our neighbors do.  But, if you will make the hard decisions and say no today, the money you save and invest will grow and compound, and one day you’ll reach the position of financial strength and freedom where money no longer drives your decisions.  We’ll look forward to seeing you there!

Is Success Once Success?

One day, a little boy decided he wanted to learn to ride a bike.  He found his dad and asked him all about how bicycles worked.  His dad told him all about the history of bicycles, the parts that make up a bicycle, and the technique required to ride one.

Victory!  Or Is It?

The boy and his dad began working diligently on learning to ride the bike.  As the boy practiced, he gradually improved, until one afternoon, his dad released his grip on the back of the seat and the boy rode under his own power for a full block.  Happy and proud, both man and son returned home and parked the bike in the garage.  The bike stayed in it’s spot in the garage all night.  The next day, the bike also stayed in its place.  So too the third day, fourth day, and fifth day.  In fact, the bike stayed put for weeks, followed by months, and then years.  The boy never again took the bike out for a ride, though he walked past it nearly every day.  Now the question: did this boy learn to ride a bike?

0529121918

Technically, the boy learned all about the bike.  And once, he did manage to ride it a ways.  But did he benefit?  Did anyone benefit?

Assimilate It

You see, you and I are often like that foolish boy.  We undertake a worthy venture, like eating healthier, beginning a fitness regimen, or connecting with God in Scripture and prayer, but we fail to continue and create a permanent habit.  In so doing, we miss out on the benefit of the venture, just as the boy missed out on the joys and benefits of bicycling around his neighborhood.

Today’s the Day!

Can you think of something you know you should be doing, something perhaps that you’ve even successfully done on occasion, but that you’ve never gotten consistent with?  What benefits would you enjoy if you made this behavior a permanent habit in your life?  It could be that the only thing separating you from the greater level of success or achievement that you desire is the simple consistent application of something you already know how to do!  Will you take the steps today to make a new habit for your own success?  Make a commitment, let someone know about it, and enjoy your journey to the top!

Learning Something New

Are you growing?  Not in height, but in your capabilities, your character, your walk with God?  Here’s one way to check:  how often lately have you been frustrated, overwhelmed, and uncomfortable?

IMG_3136

Yes Benefits, No Discomfort

It’s a little funny sometimes how we always want to have the capability, the strength, the skill, but we avoid the exact things it takes to develop those parts into us.  I’ve heard it said that the place where success resides is outside your comfort zone.  I think that describes it pretty well.  Have you been there lately?

I’ve been learning what some may think is an odd skill lately, and even though it might not be the most important capability in the world, the experience has been very enlightening.  You probably can’t tell, but this article is being written with a different keyboard than usual.  It’s called the Dvorak keyboard layout, and I encourage you to Google it and learn more about what makes it worth learning.

But keyboards aren’t what we’re talking about:  we’re talking about learning.  And it’s what I learned about learning that can encourage and propel you to success in what’s important to you.  What I learned is this:

Embrace the Stages

Learning involves progressing through four distinct stages.  Only if you persist through the hard times, the times that make you want to quit, will you get to experience the benefits on the other side.  If there’s only one thing you hear from this entire article, let it be this:  you must persist.  When all seems most hopeless, you must hang on—you are so close to a breakthrough!

The four stages of learning are these:  enthusiastic beginner, frustrated learner, capable but lacking confidence, and master.  When I first learned of the Dvorak keyboard layout, I got really excited!  I jumped into an online lesson and flew through it happily.  This enthusiasm lasted a few days…

By the next week I had a few of the letters down, but by no means enough to type at a decent pace.  I used the backspace key like nobody’s business, and it seemed typing three sentences would take me all day.  It was at this point that the thought of giving up entered my mind.  To make matters worse, I told a few friends about what I was doing and how it could benefit them.  Rather than getting excited like I did, they told me that this was a waste of time and not worth the effort.  This was the low point of my Dvorak experience, and only my commitment to learning and growing helped me hold on.

Don’t Give Up!

I’m happy to report that as I persisted, I began to improve and the new style of typing became more and more fun.  Better than that, I began to see some of the lessons I’m describing for you here, and that made me even happier that I stuck with it!  I still have some room to grow before I become a master Dvorak typist, but I’m at a strong pace and am moving forward—taking the lessons I’ve learned and applying them to growth in the areas that matter most.  Will you get out of your comfort zone this week and start learning something new?  Let us know what it is by registering (which is free of course) and posting a comment below!  Thanks for including us on your path to a thriving life!