Category: Personal Growth

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How To Overcome Fear of Failure and Analysis Paralysis

Have you ever felt like it’s taking you forever to make progress? Have you experienced playing out all the scenarios in your head for so long you ended up getting exhausted without having done anything yet to get you out of your situation? I was in a similar scenario a few years back…After working for almost 9 years as IT consultant, enduring all the stress and demands of work, I finally got fed up.  I wanted CHANGE to happen in my life.

Way back 2003, I read the book Rich Dad, Poor Dad and it started to CHANGE the way I viewed the world of money.  I felt like a new door was opening right in front of my eyes…and I was beginning to enter a new world I never knew before.  Ever since then, I’ve read lots and lots of books by the same author Robert Kiyosaki.  When I got sent to the US for a 6-month stint in my company, believe it or not, my “balikbayan box” was full of books about financial literacy like Multiple Streams of Income, Nothing Down, and other books by Robert Allen.  I even bought my own Cashflow 101 Board Game (around P10,000 when converted to peso) at that time.  I was a business book junkie.  I was reading up a lot on business.  But I had nothing to show for it.

Over the years, after coming back from the US, I was still reading up on a lot of business books.  It became like a hobby for me that whenever I went to the mall, I would always checkout what’s new in the bookstore.  That went on for years…when I resigned from my first job and pursued a career overseas, going to bookstore became more frequent.

After a while, I felt like I was getting nowhere.  I had these gazillions of ideas in my head it was about to explode.  And still…I had nothing to show for it.

When I came back to the Philippines in 2009 after my 2 and half years stay overseas, I started to get to the next level of learning.  From reading books, I then went on attending seminars.  My wife and I were beginning to explore how we would be able to grow the money we saved up from overseas.   We first attended Bo Sanchez’ Truly Rich Seminar.  The funny thing was, we were already a member of the Truly Rich Club at that time and we already had a video recording of the same seminar.  But I insisted to attend the same seminar in person.  That’s when I first met brother Bo Sanchez.  It’s true, when you get to meet the people you look up to, you get star-struck a bit.  My wife and I then attended the Truly Rich Financial Coaching…and then months after, the Truly Rich Entrepreneur’s Workshop.  I went on to enroll in Jomar Hilario’s Online Mentoring Program afterwards. I also attended Money Summit and Wealth Expo seminars almost every year.  There are lots of other seminars and workshops I’ve attended since then. You could say I was a seminar junkie, or what my friend would call a “seminarista.”  Again, at that point, I still did NOT have anything to show for it.

I was starting to get frustrated with myself for not being able to put them to use.  I was NOT able to apply the knowledge to create financial results for me.  I felt like my patience was really being tested.

Then something happened.

I started to feel DISGUSTED with my lack of results.  I was AFRAID of failure and of what others might say, but the lingering feeling of DISAPPOINTMENT and FRUSTRATION was now BIGGER than my fear. At that point, I could finally say to myself ENOUGH is ENOUGH, I was now willing to accept the consequences of whatever decision I made.  Whatever ACTION I made, even if it FAILED, I would still LEARN something.  ANY KIND OF RESULT, EVEN IF IT IS FAILURE, IS BETTER THAN NO RESULT AT ALL.

TIP #1 – Be Disgusted With Your Current Results

There’s just one thing I know that can get you out of your COMFORT ZONE…You have to be DISGUSTED with what you have and where you are RIGHT NOW…You have to tell yourself this is NO LONGER OK.

That helped me get the courage to start something.  Back then, my wife and I were looking for a SAFE investment…and the safest we could try was in Retail Treasury Bonds (RTBs).  We got a 7% interest rate.  We invested a portion of our porfolio there…and that started it all.  The next thing we know, my wife and I were already investing in real-estate…and then in stocks…and then moved on to other more rewarding ventures afterwards.

It’s true, until you feel like you’re still ok with your situation, the easier thing to do is ignore it.  Most people want to do something to change their situation.  But reality sinks in.  They say, “I need this job to pay my bills.” Or say to themselves silently, “perhaps, this is not so bad…I can still ENDURE this.”

It is a trap.  They say most companies pay just enough so that their employees won’t quit their jobs, and employees do just enough in order not to get fired.  It’s a sad thing to think that you are not giving it your all in something.  We only live once.  The day you feel like you don’t have a choice is the day you lose your freedom to live the way you want it.

You must first come to grips with the reality that YOU WANT SOMETHING BETTER FOR YOUR LIFE.

Unless you can say to yourself that this is no longer working…and ENOUGH IS ENOUGH, you have not reached the point where you are convinced that you NEED TO DO SOMETHING DIFFERENT to change your situation.

TIP #2 – Learn to dream BIG DREAMS

But something was still missing. It took me quite some time to figure it out.  I was already investing in stocks, bonds and real-estate…but I felt like my learning was lacking in something I couldn’t put my finger on.

I was COMFORTABLE with what I had…a nice job, a beautiful wife, a stressful but financially rewarding career, but I felt like there’s more out there I haven’t been able to reach. After a while, you will get to the point where you have STOPPED DREAMING…and the HUNGER is gone.

I remember watching Steve Job’s commencement speech in Stanford say, “Stay Hungry…Stay Foolish.” I did not get it at first.  I wasn’t sure why you had to stay hungry…and why stay foolish? But when I got comfortable, I came to realize that life can be so BORING if you don’t have DREAMS to pursue anymore.  Staying HUNGRY is the key if you want to succeed.

One of my mentors, Simon Chan said, “Success is a let down, the thrill is in the pursuit.”

Don’t get me wrong.  I am NOT ultra-successful yet.  It just so happened that I had SMALL dreams…and they were starting to get fulfilled one by one.  I was someone who was easy to please and did not need to have a lot of things to be contented.  I learned later on that the key is to be contented with what you have…but never be contented on who you can become.

Being disgusted with what you have NOT only applies to a life of hard reality.  You need to be disgusted, even if you’re already comfortable, by realizing that YOU HAVE YET TO FULFILL YOUR FULL POTENTIAL.  Your disgust will PUSH YOU up to your dreams…but you need BIG DREAMS as well, to PULL YOU UP!

BIG DREAMS gives you the energy to get up in the morning with a spring on your feet.  It gives you that EXCITEMENT to look forward to the future with hope.  BIG DREAMS gives you something to pursue and realize your highest potential.  Sometimes, it’s not even so much about being able to reach for your dreams…it’s also about WHO YOU BECOME in the process of reaching for it.

Tip #3 – Just Do It

Like the tag line of a famous shoe brand said, you “just do it.” There’s no trying.  There’s just doing it.  For example, when you need to go to the bathroom, do you “try” to go to the bathroom? Do you analyze if you’re going or not? Of course not! If the call of nature calls, you JUST DO IT! 🙂

Some people put off doing something because they are waiting for PERFECT TIMING. Here’s the truth.  There is NO PERFECT timing.  The traffic lights will not be green all at the same time.  You have to just do it.  The path to success is a zigzag, not a straight line.

All successful people have one thing in common – they have STRONG BIAS TOWARDS ACTION.  They love acting on their ideas.  Even if it fails, they are still grateful.  The famous inventor Thomas Edison was asked after inventing the light bulb on his 1,000th try…he was called on to the 999 failures he had before, to which he responded, those were not failures…each of those, he said, was one way he found out how NOT to invent a lightbulb.  He was not afraid to fail, for he knew that each result was a step in the right direction.

Sometimes, the fear of failure is only inside our minds.  It’s uncanny how people are able to do the same ordinary things easily without pressure…but when pressure kicks in, all hell breaks lose.  There’s getting your memory blank when asked a 30-second question on national television.  There’s the time when you can’t sleep the night before a big event for fear of not being able to wake up on time.  There’s the heart beating so fast you can’t hardly think straight upon meeting the girl of your dreams.

Nothing changed in the situation except how you made it BIG in your own mind.  The thing is, you can always change how you think of it, it is after all just inside your mind.  You have CONTROL over it.  Make it ordinary.  Have faith.  Sometimes, all you need to do is close your eyes, and let go.  Just do it.

P.S. Tired of the results you’re getting? Do you feel you deserve more if only you are able to channel the same dedication and commitment to something more financially rewarding? Do you want to take action now and CHANGE your life for the better TODAY? CLICK here to email me. Let’s schedule some time to discuss and see if we can work something out to help you stop analyzing and start getting towards your dreams.

P.P.S. If you want to get to know me better, you can still add me as friend through my personal page at http://www.facebook.com/akosiallan.  I can still accept up to 3,100+ friends until Facebook stops me from adding some more.  If you only want the business tips, you can like my Facebook Fan Page @ http://www.facebook.com/allaninocente and receive tips from me there.

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Life Updates Passive Income Personal Growth

Mid-year Financial Goals Update

It’s now August and more than half of the year has already passed.  It’s time to get back to my financial goals this year and share with you my insights into what what I’ve been up to the past months.

At the start of the year, I shared with you 3 personal goals I had in mind.  One is financial in nature, the other two is for my health and personal development.

Goal #1: 3 income streams earning $100 each per month

The journey in achieving this goal has surprised me more than anything else.  Last March, I was on my way to earning at least $100 income from affiliate income from this blog as well as ebook sales.  I had to turn off Google adsense because while I already earned my first $100, I didn’t feel it was aligned with my long term goals for this site.

For the past few months my affiliate earnings from Bo Sanchez’ Truly Rich Club has been pretty consistent.  It actually reached around $65 for the month of May.  My affiliate earnings to Jomar Hilario’s Workshops and Seminar climbed up to $157 on the same month.  The thing was, while my site got hacked, went down and its traffic plummetted to zero overnight last month, my affiliate earnings were hardly impacted at all. As for the ebook, that’s another story.  It has not been doing very well the past few months.

But the most surprising thing I’ve experienced for the first half of the year is the result from one of my new ventures which was 5x all my affiliate earnings combined for the month.  That’s why, like an aspiring entrepreneur would do, I’ve had to re-align my resources to focus on this new venture of mine.   I’ve also had to reassess my goals for the year, given that I may not need 3 income streams to hit $100 each anymore.  Focusing on one can practically earn more than the three combined.  My financial goal has changed, and that’s one of the topics I will be sharing with you the rest of the year.

Goal #2:  Weigh no more than 176 pounds by December 31, 2011

One of the main challenges I’ve encoutered over the past few months is in looking for healthier food to eat.  Given the proximity of our condo to the mall and the convenience of a 24-hour store nearby, sometimes, it’s hard to convince myself to make the extra effort of looking for healthier food options.  Compound that with the seemingly hectic (but actually just mismanaged) time that I have, that’s a constant battle I have to face everyday. 

From my last quarter’s update, I was able to lose 13 pounds to bring down my weight from 200 pounds to around 187 pounds.  I’ve had to change my habits to a healthier lifestyle over the past couple of months as part of my regimen to make that happen.  And even though I still haven’t reached my goal, I still think I am on the right track to hit it by the end of this year. My goal is only a few pounds away as I am sitting comfortably at 181 pounds at the moment. 

One of the great blessings I got in losing those extra pounds has to do with being able to stay healthy and not get sick as often as before.  While I got sick because of stress and exhaustion due to my hectic schedule last month, I was able to get back to the office with only a day of rest.  Compare that to the whole 2 weeks of vacation ruined last Christmas when I had to battle through with colds and fever while going on a 3-day vacation with my wife in Bohol. 

I’ve never felt healthier in my life.  It really surprises me that when I go up the stairs in the MRT station, I no longer need to catch my breath.  In fact, I even take 2 steps at a time when I am in a hurry.  Life is good, indeed!

Goal #3: Go somewhere I’ve never been to once every quarter.

This is a goal I’ve struggled to accomplish over the past 6 months and continue to struggle with as I look for travel opportunities for the next half of the year.

The last vacation I had was with my wife and her friends in Fontana Resort.  I had lots of fun.  The only problem? I’ve been to Fontana before a few years back.  So I’m stil zero out of 2 for this year.  I really need to catch up fast.  Summer is gone and rainy season is here.

Looking back, I can give you a lot of reasons why I couldn’t take a vacation or go out of town.  I have no time.  I have a hectic schedule.  My boss won’t allow me.  In the end, though, they are all excuses.  Instead of dwelling on those excuses, I think a more positive thing for me to do right now is to "just do it."

What amazes me is that while I’ve not had some vacation time the past months, I’ve had a lot of opportunities to catch up with old friends lately over dinner or a cup of coffee.  It’s really amazing how time seem to stand still when you and your friends share old memories together and laugh at ridiculous things you did in the past.  It’s really a great blessing to have such great friends.  That alone makes me believe that God has really blessed me tremendously all these years.

Looking ahead to the rest of the year

I realized that in almost anything worth doing, you have to put in the time and effort to really see significant results.  To tell you honestly, I’ve had days when I didn’t do anything at all on this site.  If you noticed, I only had one article written for the whole month of June and July.  There were times when I had to re-assess what I really wanted to do with this site…and that also means I had to rediscover what I really wanted in life.  Is it money?  Is it freedom? Is it being able to help others in however way I can?

While I have been blessed financially at my daytime job, I still wonder whether there’s more to life than just financial blessings. The more I think about it, the more I realize that one thing I don’t have is TIME.  I am still a slave of the 9-to-5 job and all the things that come with it. My dream is to be able to have control of my own time.  I want to be able to work on things that I really enjoy, and in the process, contribute however I can to also help inspire other people discover what it is they truly want in life.

How about you? How’s your first half of the year been so far?

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Life Lessons Money Mindset Personal Growth

Top 10 Things The Angry Birds Can Teach You About Money

If you’re like my wife who once got addicted to playing Plantz Vs Zombies, you would have heard the popular game “Angry Birds” by now.  “Angry Birds” is a popular puzzle video game where the player uses a slingshot to launch the birds to try to destroy the pigs hiding under protective structures such as wood, ice and stone. 

After a watching my wife get excited playing the game, I decided to try it myself.  Lo and behold, I got addicted to playing the game as well.  Now, my wife is waiting for me to put down the game so she can play. She’ll have to wait her turn this time around. 🙂

While playing, I realized there are some things about the game that are also applicable to managing your own money.

 

Here the Top 10 Things the Angry Birds Can Teach You About Money

 

1.  It’s OK to miss

In the game, you launch the bird by getting ready…aiming at your target as much as you can…and then releasing the slingshot so the bird can fly!  You missed your target? Try again! 

In real life, it’s also OK to try again.  You may lose money.  You may feel discouraged.  You may think your money problems are eating you alive because of a bad financial decision.  It’s not the end of the world.  You can try again.  And again, until you succeed.

 

2.  Some birds are better than others

In the game, there are three other types of birds that can destroy the hardest wooden structures when you “tap” on them.  The blue bird splits into three small birds.  The black bird explodes like a bomb.  The white bird drops explosive eggs.  Each one is suited for different instances.  But all of them helps you destroy the structures easier. 

In life, there are a lot of ways to earn money.  The most common of course is having a job.  You can sell your crap (according to Baker of ManVsDebt.com).  You can invest in real-estate.  You can invest in the stock market.  Or you can just simply find other ways to solve other people’s problems, and they will be more than willing to pay you so you can take their problem away from them. 

 

3.  Birds don’t fly with the pigs

In the game, I always wondered why the birds are angry at the pigs.  While reading more about the game, I realized they are actually trying to retrieve their eggs taken away by the evil green pigs. 

Pigs can destroy your eggs.  At least figuratively.  Pigs are people who scam people of their hard earned money without giving value in return.  Pigs are deceitful individuals who have nothing better to do other than send you a spammy text message asking for a prepaid load.   The lesson?  —- If you want to get ahead, don’t fly with the pigs.

 

4.  Protect your pigs with a strong shelter

Ok, let’s try taking the perspective of the pig for a moment.  If you know the game, the pigs are pitiful creatures.  Because of their round shape, they just roll over the structures until some wood drop on them and they die.  In the game, there are three types of shelter — wood, stone and ice.  The hardest to destroy is stone.  So it’s definitely a good idea to house your pigs made of stones.

When it comes to your money.  Be very sure where you are placing your bets on.  As some people say, put all your eggs into one basket and watch that basket.  The key phrase is “watch that basket”.  You have to protect it with all your might.  Otherwise, you lose all the money you’ve got.

 

5.  Life gets harder and harder…so you can get better and better

Since angry birds is a puzzle game, it gets harder and harder as you level up.  For instance, the higher you go, the more strong stone structures you have to destroy, and the more weird looking pig houses there are. 

In real-life you should try to learn something new every day.  You can start by learning to save your money.  Then you can learn to invest the money you saved and make it grow.  Afterwards, you can then go on to other more challenging things.  

Keep the hunger alive.  Keep on learning.  Keep on taking those challenges so you can get better.

 

6.  The more you launch…the better you get

In the game, the first time you launch the bird, you fail miserably.  The next time, you can adjust your aim so it goes a little bit nearer your target.  And you can go and adjust your aim on and on until you hit your target.

In real life, nothing beats taking action.  You’ve not really learned something until you’ve done it yourself.  You can read all the books you want about investing in real-estate, but if you’ve never purchased an investment property in your life, you lack the necessary experience to truly learn investing not only mentally but emotionally as well.

Sometimes, people are held back by their own fear.  Fear of failure.  Fear of being wrong.  Fear of being different from everyone else.  Unfortunately, the more time you spend worrying about your fear, the stronger it gets.  The ironic thing is once you take a little bit of action, the fear actually goes away.

 

7.  Don’t try to break a stone…learn to quit

At certain stages of the game, you have to deal with stone structures.  They are strong.  They are indestructible no matter how hard the birds hit the stone.  You can put everything you’ve got but as long as you’re hitting the same spot on that very hard stone, you will never be able to bring it down.

In life, it’s OK to quit.  You don’t have to go through life being miserable.  If you think that what you’re trying to do is not working, you can quit.  If it won’t take you to where you want to be, then by all means, quit.  You can be true to your dreams even if you quit often.  The interesting thing is, the most successful people quit a lot of things so they can focus on the things that really matter to them.

 

8.  Aim for the weakest spot

The trick to playing the game of “Angry Birds” is aiming at the weakest spot of the structures.  The structures may be made of the hardest stone there is, but if one spot is made of wood, you can aim your bird through that one tiny spot of weakness and you can bring the whole house down. 

This is especially true for business.  If you want to be successful, you have to stand out.  You have to be different.  You need to offer your customers a new better way to solve their problems.  If you do, it would be like hitting all your competitors in their weakest spot.

 

9.  There are a lot of ways to get to your destination

In the game, you can aim the birds high so it arcs upwards and aim straight down to the structures.  Or you can aim them horizontally so you hit the structures by the side.  No matter what aiming you want to do, you can turn down the structures as long as you keep on aiming at its weakest spot.

There’s no such thing as one way ticket to success.  Henry Sy became successful because of SM malls.  Manny Pacquiao is rich because of boxing.  Warrent Buffet became one of the richest man in the world by getting really good at investing.  No matter where you are right now, you can be still be rich by finding your own way to succe
ss.

 

10.  Have fun…no one gets out of life alive

The game is addictive because it’s fun.  It’s challenging.  It makes your mind think of different ways to achieve your goal of bringing the structures down so you can destroy the pigs.

Life should be the same.  It should inspire you to keep on dreaming.  It should give you challenges to overcome so you can tap into your inner genius and become the rich person that you truly are. 

And it should certainly be fun. 

Keep having fun.  Keep learning new things.  Keep believing in your dreams.

Cheers!

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Business Credit Card Investing Life Updates Money Mindset Personal Finance Personal Growth

Looking ahead to 2011

Last week, I shared my reflections of the past year 2010.  Today, I’d like to share with you my personal financial goals for the coming year 2011.  This is actually my way of challenging myself by publicly declaring my goals for the coming year.

My 3 major financial goals this year 2011

1) Create at least 3 new streams of income earning at least $100 per month each

Right now, I am still working full time at my current job as an IT consultant for a credit card company.  While I do enjoy my job, I still want to have more options.  I want to be able to one day control my income streams.  Having a job is good.  However, it is only a temporary solution to a permanent financial problem — not having enough money.

I’ve been fortunate to earn quite enough to be able to sustain me and my family and have some extra money saved every month.  The big challenge for me this year, just like in the past year, is to learn how to invest a portion of that money for my family’s future.

I don’t exactly know what the 3 income streams will be.  One thing is for sure — for this year, I’d like to focus on investing to generate more cashflow.  Last year, most of my investments had pretty good returns.  The only problem is, they were only capital gains. There’s no monthly cash flow.  This year, my goal is to learn to invest for cash flow and capital gains.  I’m considering putting up a business.  Or perhaps finally invest in a property and rent it out.  Or may be I can explore going into franchising.  I will share more to you as I get clearer on how to achieve this goal.

2) Go somewhere I’ve never been to for a week, every quarter of the year.

This is my way of growing myself.  I feel I haven’t grown that much personally and haven’t widen my horizon for the past year.  This year, I want to go somewhere I’ve never been to. Either in the Philippines or outside.  I’d like to experience and learn new things to keep my hunger alive.  I’d like be able to share exciting stories.  I’d like to be able to know what it feels like to discover and be amazed again.

As I shared last week, I was able to travel to Bohol with my wife last December.  It realy felt good just doing nothing, hearing the soothing sound of the waves while trying to relax in a hammock by the beach.  Working in a fast-paced IT and financial services industry sometimes takes its toll on my mind and body.  I feel I need to freshen up every once in a while to stay sharp and energized.

3) Weigh no more than 85kg at any time of the year.

It’s been one of my greatest struggles every year to keep my weight down.  I am getting sick quite often the past year.  I can’t go on and blame my work or my lack of time for exercise.  I know that it’s just a matter of building new habits in terms of my overall health.  Eat right. Get some exercise.

So this year, I want to be able to maintain my weight to a more manageable level — no more than 85 kgs.  It will take some time, but I’m ready for it. Let’s bring it on! 🙂

I know goals #2 and #3 don’t look like a financial goal at all.  They seem more to do with personal development than money.  I totally agree, it looks that way.  And it’s the way I prefer it.  I personally think it is very important to take care of my mind and body in my journey to financial freedom.  As I’ve described in one of my articles, your health is more important than your money.  Without it, none of your other financial riches really matter.

2011 Goals for Rich Money Habits

My goal for Rich Money Habits is to be more consistent in posting new articles — at least one per week.  As I share my thoughts to you, I gain more clarity.  The clearer I am with the things I want, the nearer I am to my goals.

Here are some of the things I’ve been thinking as I was doing some planning for Rich Money Habits this year.

– create more useful articles
– find more ways to reach out to more people
– find more ways to help you in your financial goals
– launch a product that helps you manage your money better
– redesign blog so you can navigate it easily

As you might have probably guessed, most of my goals above are still in the works.  And quite general, if you might add.  I still don’t know what exactly I am going to do.  But I think the important thing is to use these goals to remind myself what I need to focus on — helping you.  Everything else is secondary.

Cheers to an exciting year ahead!

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Business Investing Life Updates Money Mindset Passive Income Personal Finance Personal Growth real-estate Stocks

Financial Goals 2010 Mid-Year Update

It’s now July! The first half of the year has already passed.  Time does fly so fast, doesn’t it?  So many things have happened and I am still amazed at how this blog has grown steadily over the past 6 months.  Before we welcome the next half of the year, I’d like to take this time to reflect and give you an update on my 3 financial goals for this year 2010. 

Financial Goal #1 – Buy a House!

My first goal for 2010 is to Buy a House.  The short update is…NO we have NOT bought a house yet.  But maybe soon. 🙂

My wife and I actually invested in a house…but only for a private lending deal.  Besides, we won’t actually own the house, so that doesn’t count.  That deal, however, introduced us to great friends doing business in real-estate whom I am learning a lot from.  In the next months I will also be spending some time to learn investing in real-estate myself. 

We’ve also been looking at buying a nice 2-bedroom unit on a pre-selling mid-rise condo.  But this one will NOT be ready for occupancy until April 2012.  We actually paid the reservation already so hopefully, if everything is in order, my first goal for the year could actually be within reach (at least technically). :) 

Financial Goal #2 – Invest 20% of my money

The second goal I have is to invest 20% of my money.  I’ve started investing in the Philippine Stock Market.  I’ve tried the cost-averaging method via CitisecOnline’s EIP and even Bo Sanchez’ SUPER EIP way! The experience has been an eye opener for me. 

Apart from that, I also got into a private lending deal on real-estate.  While I haven’t gotten my money back yet, I’m confident this will lead into more investing opportunities in the future. 

Just last week, one of my friends also asked me to invest in her Travel Agency business.   Normally, I don’t lend money unless I’m very sure I will get my money back.  However, since I know her and the money (including interest) will be returned in just 7 days, I thought it was worth a try.  If this deal goes well, I might be encouraged to invest again in the future and probably open it up also to dear readers of this site.

I’ve also been investing heavily on my personal development these past months.  I’ve just attended the Money Summit and Wealth Expo last weekend to learn more about money, business and investing.  The 2-day seminar was a blast!  The energy from the speakers as well as the attendees was simply amazing!  Up to now, I’m still digesting everything.  I’m really excited to share the lessons I’ve learned from that seminar to our dear readers.  So, watch out for that in the coming weeks.

Financial Goal #3 – Be Consciously Alive

The 3rd and last goal I have is to be consciously alive.  This goal has more to do about my desire to live a healthier lifestyle than anything else.  This is the reason why I think your health is more important than your money. 

While I’m not sick at the moment, my health has not been ideal the past few months.  It is not where it is supposed to be.  My lifestyle is not very good.  I still drink coffee a lot.  I am also having a hard time getting enough sleep.  As a result, I’ve easily gotten a cold every now and then.

I’m always in a hurry. Most of the time, I go for fast food.  My weight has increased so much that my pants now hardly fit.  Oh well, it’s a good thing fitted pants are the “in” thing these days.  I don’t have to feel so out of place. 🙂

One good news is that I finally used our condo’s gym.  Finally.  Just today.  And I liked it.  I’ll probably go to the gym more often now.

Quite honestly, this goal is a little bit vague to measure and be actually effective.  So, to make this goal more specific, measurable and make me accountable :-), I’m revising it to say “my goal is to weigh 80 kilograms by December 31, 2010”.  I only have less than 6 months to go so I better get started right away!  Wish me luck!

 

P.S.  Dear Readers, what financial goals do you have for the year?  How have you made progress on your goals now that the first half of the year has passed?

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Plants vs Zombies Money Secrets Revealed

Do you want to know the money secrets of the rich? Discover these secrets from one of the hottest game these days – Plants Vs Zombies.  This article reveals the money lessons out of this unusually popular game.  If you haven’t played this game, here’s your chance to find out why you should.

These days, my wife is staying out late in the night…not because of work, but from playing plants vs zombies computer game.  I was looking over her shoulder one time and noticed how concentrated she was playing the game.  Curious why she gets overly excited over a simple-looking game, I was intrigued.  While listening to her unravel the mysteries and strategies of the game, I realized there are 5 money secrets that can be learned from this hugely popular game.

Secret #1 – There’s a season for everything

There’s a season for everything.  Just like in the bible, there’s a season of planting and there’s also a season of harvesting.  At the start of the Plants vs Zombies computer game, you have to plant sunflowers.  And when they bear fruit in the form of sunlight (weird huh?) you get points.  The more you plant, the more you can harvest later on.  It’s as simple as that.

Unfortunately, in the real world, we often forget to plant.  We become impatient.  We want the fruits (a.k.a. sunlight) right away.  You want that new car, even if you don’t have any savings and you’ve just started a new job.  You say, no worries.  I can secure a loan anyway.  What’s your “sunlight”?  New house?  New mobile phone?  New LCD TV? 

In the midst of this obsession for chasing these things, we should also keep in mind the most important thing – where’s your plant?  Are you planting seeds that will turn into money machines that will bear fruit and give you money later on? 

Secret #2 – The secret to success is preparation

One time, my wife was complaining to me how she’s so frustrated at a specific stage in the plants vs zombies game.  Apparently, it’s already her nth time repeating that level and she could not get around the zombies.  These creatures always overwhelm her, no matter what she does. 

After some time, I was startled to hear her jubilantly scream “YES! I finally defeated the zombies”.  Without me even asking, she proceeded to tell me how when she gets overwhelmed, she just restarts the game on the same level AND THEN on the next try, she PREPARES way ahead of time.  She plants the necessary flowers and weapons, even before the hoard of zombies come.  So that once they finally come, her plants are more than ready to defend her house by throwing more fruits at the zombies, more fruits than ever thrown at any stage in the game.  Now, it’s the zombies’ turn to get overwhelmed.

While we cannot just restart our real life (that would be like filing for bankruptcy), it’s very important to learn how to PREPARE.  This is the reason insurance and emergency funds are important.  You need to prepare for these things even before you need them.  This is even more evident for life insurance, since the younger you are, the cheaper your premiums will be.  Unfortunately, when you’re young, you are not concerned with life insurance reasoning that you still have a lot of time ahead of you.  You say, that can wait.  But while you’re waiting, the zombies are planning their attack.  Be prepared.

 

Secret #3 – Use leverage

To win the game, you can use different kinds of plants.  Some plants throw only one ball.  Others throw two at a time.  Others don’t throw anything but block the zombies way, delaying time.  Sunflowers, on the other hand, can’t do anything to protect themselves, but they give the most important thing of all – points.  Points to buy the seed for your other plants.

In real life, some people are working their way using only plants with one ball at a time.  That would be like having a job.  Your job can give you money, and scare away some of your zombies (a.k.a. financial problems – like not having any money).  If you have a job, congratulations.  At least you have planted your way to one money machine.

But while having a job helps, it can only throw a ball one at a time.  It’s a slow process.  The richest men in the world, however, own big businesses.  Their plants throw millions or billions of balls at a time.  Take Bill Gates, the billionaire who built one of the biggest software company in the world today – Microsoft.  Or closer to home, you can look up to Henry Sy, the owner of the most successful malls in the Philippines.  They have planted a different kind of money machine – BIG businesses.  

 

Secret #4 – Don’t panic

At every level, you start off really slow.  You plant one sunflower.  Plant another one.  Then your third comes along.  You only need to concentrate on what you can do at the moment.  That is plant more sunflowers to make more money!  Then use more throwing plants to fend off the incoming zombies. 

But once the zombies come in, their faces make you scared.  In real life, zombies do not look like scary creatures.  Often times, they are just unexpected events or people you meet, who forces you to see a better way to live.  So there’s no reason to panic especially if you prepared to the best of your abilities. 

When everything fails, know that it’s ok to restart on the same level.  In real life, this is equivalent to the many lessons you learn about money when you ACT.  When you start your first business, you may find that not a lot of people really need or want the thing you’re offering.  Your business fails.  So when you restart on the same level, like opening up a new business, it would do you good to do market research first to ensure a lot of people would love to buy what you have to offer. 

The most important thing is to just have the bias for action.  Take action.  Even if you fail.  Learn the lesson and try again.  If you fail, restart the game, take a more intelligent action.  Act again and again until you succeed and scream your hearts out to say “Yes! I’ve defeated the zombies!”

 

Secret #5 – Enjoy playing

If you don’t enjoy playing plants vs zombies, do something else.  Play Farmville instead. Or Restaurant City!  Play Cashflow 101.  Get up.  Get running.  Do something. 

In life, if you’re not enjoying what you do, it will all seem like an uphill battle and a huge waste of time.  Are you trapped in a job that you don’t even like?  Are you working 9am – 5pm on something that your heart is not passionate about?  Maybe it’s time to do something else.  Find your passion.  Life is too precious to waste your time doing something you don’t love.

If you’re young, the world is yours.  There’s no better time to be alive.  A lot of opportunities abound for the passionate mind.  Bless the world with your talents.  Help other people with your gifts.  The more people you help, the more the universe will give you what your heart truly desires.

Now, go play!

 

 

P.S.  Do you want to learn how to play the game of money better? Join Bo Sanchez’ Truly Rich Club NOW!