Author Archives: Craig Bailey

7 Steps to Financial Freedom

During my daily check-ins to Yahoo! Finance over the last several days I observed an article that was running: “Tony Robbins offers retirement financial advice.

In summary, the article offers:

  • 7 Steps to Financial Freedom – A top-level overview of what is covered in much more detail in his book: Money: Master the Game: 7 Simple Steps to Financial Freedom.
  • An audio recording (at the bottom of the article) in which Tony shares useful insight that we all can use to improve our financial standing.

Where did this information come from?

Tony (hugely successful himself) interviewed more than 50 top financial experts including Charles Schwab, Carl Icahn, Warren Buffett, Steve Forbes, hedge fund manager Ray Dalio and Vanguard founder John Bogle. And, he outlines the SIMPLE patterns these individuals used to create their own financial success (from the beginning). That is, these patterns aren’t just for the super-rich. They are the simple steps that enabled these individuals to get there! Steps that we all can take to achieve our own financial success.

Take a few moments to read this article and listen to the audio recording, by clicking here.

I’ll repeat a previously shared quote: “What is the best kind of experience? Someone else’s?

Here is an opportunity for each of us to learn from someone else’s experience! In this case, that someone else just happens to be the combined wisdom of some of the wealthiest people on the planet.

All the best!

Managing Our Own Worst Critic

In the prior post (Beat Down The Monday Morning Funk), the topic of being our own worst critic was mentioned. We’ll cover that now…

We all, at one or more points in our lives, have been our own worst critic.

To be clear, this is GOOD when our conscience is our guide and we are being reminded that we are off track and need to make a course correction. We certainly do not want to stifle this.

In this post we’ll cover the times when we unnecessarily beat ourselves up, for no good reason!

Have you noticed the CONSTANT dialog going on in your mind every minute, of every day? The question becomes: Is this inner dialog positive, uplifting, appropriately guiding and correcting our course or is it unnecessary, negative thinking?

Scenarios that can cause unnecessary, negative thinking include times when we:

  • Compare ourselves to others
  • Take things way too seriously
  • Consider aspects of our duties (school, work, home, church) as menial (below us)
  • Have nothing else to occupy our powerhouse mind – at the time

Realize, you are not alone. EVERY person on this planet has experienced this. The point is, we can control our thinking to create more positive outcomes in our lives.

Let’s now cover each of the scenarios that often generate negative thinking…

Comparing Ourselves to Others

There are 2 aspects of this scenario…

First, we’ve all measured ourselves against the great qualities in others whom we interact with on a daily basis. It is not bad to admire the qualities of others, even aspiring to improve ourselves. But, we must not beat ourselves up, as this person may be much further down their path of personal development, knowledge and experience.

Instead, we must give ourselves time. And, we must not forget that we have great qualities ourselves, that others may struggle with. In fact, others are looking on at us doing the same comparison resulting in the generation of their own negative thinking. Yep, it goes both ways.

I’m not suggesting that we should be prideful or boastful about our great qualities. Instead, we should simply acknowledge that each of us have God-given talents, skills and abilities. By focusing on and making best use of our own gifts, and continuously developing these and other gifts we wish to acquire, we will achieve our goals and dreams in a more timely manner.

The second aspect of this relates to the media’s portrayal of celebrities.

Have you noticed that, during talk shows, the host and their guests appear super-jovial (cheerful, jolly, happy, cheery, good-humored, outgoing, etc.). They “act” as if they had just won the lottery and everything said is a reason to laugh hilariously. Realize: this is NOT real. They are JUST LIKE you and me. While they may have achieved some big things with their talents and abilities, they have the same problems and challenges we do.

Think about this. At a very high-level, there are only a handful of human dramas, relating to the loss of:

  • Love (relationships)
  • Life (loved one’s passing)
  • Health (physical or mental)
  • Material resources (financial or otherwise)

Any of the above can lead to the loss of self-esteem (confidence in one’s own worth) if we consider these to be unique situations that only apply to us. Woe is me! No, no, no.

Every person on the planet has or will struggle with these human dramas in some form or fashion. So, as hard as it may seem, don’t take it personal. You are NOT alone!

Taking Things Way Too Seriously

Several months ago one of my sons and I were talking about his day at work (at a well-known coffee shop). He was observing that the shift supervisor was freaking out due to the volume of customers on a Saturday morning and a few mistakes made with orders.

The mental state of the shift supervisor would seem to have suggested that there was a dying patient lying on a table who needed immediate treatment and no-one was paying attention. To which my son said (in his mind) – “It is ONLY coffee.

In saying this he wasn’t suggesting that he, or anyone else, should shirk their duties. What he WAS doing was appropriately guiding his inner dialog so that he too didn’t get all stressed out. So proud of my son 🙂

Have you heard of the fight or flight response? Psychologists tell us that this is a physiological reaction that occurs (to all creatures, humans included) in response to a perceived harmful event, attack, or threat to survival. And, this results in our mind creating a “hormonal cascade” affecting how we react to stress.

It is suggested that we, in the civilized world, have few situations that would qualify as a harmful event, attack, or threat to survival. As such, we need to make sure we don’t unnecessarily “light up” this fight or flight response resulting in us taking things way too seriously.

Menial Duties

We’ll begin this scenario with an inspiring quote:

If a man is called to be a street sweeper, he should sweep streets even as a Michelangelo painted, or Beethoven composed music or Shakespeare wrote poetry. He should sweep streets so well that all the hosts of heaven and earth will pause to say, ‘Here lived a great street sweeper who did his job well.’ – Martin Luther King

Gives me goose bumps!

We will all, at times, have tasks or duties that are the equivalent of sweeping streets.

Do you remember the movie Karate Kid? Wipe on, wipe off. The kid was nearly going out of his mind to the point of rebelling against the master because he did not understand why he was being asked to do all those menial chores.

Over time, it became clear to all of us. Each task assigned by the master served to build the kid’s character, discipline, knowledge and abilities.

Quite a good life lesson for all of us. That is, EVERYTHING being learned in school or experienced in our job is serving to increase our knowledge and abilities – for the next. We may not know why it matters or how we will use the experience. Just realize – we will! There is a purpose for everything under the sun! Otherwise, it simply would not be…

As such, let’s perform each of our assigned duties to the best of our ability! And, realize that it serves a greater purpose – ALWAYS.

Unoccupied Mind

Our mind is a powerhouse. It wants / needs something to chew on. If we have something productive to think about our mind will run with it. And, given human nature, if we don’t have anything to productively occupy our mind it is very easy to plant and run with a negative thought (as outlined above).

What is a person to do? Control our inner dialog and focus on what we want to “bring forth” into our lives.

Since this post is already too long, I’ll close-out with a HIGHLY RECOMMENDED reading that directly relates to what we’ve covered here:

WTSWYTTYS

Make this a Christmas gift, to yourself! You’ll be glad you did!

Merry Christmas!

Beat Down The Monday Morning Funk

Who hasn’t experienced that knot in the pit of the stomach preparing to return to work, and/or school, on a Monday, after a nice relaxing weekend with family and friends? This feeling is often worse after vacation as we consider the work that has piled-up in our absence and the challenges waiting to be addressed upon our re-entry.

I recall, as a young lad, this knot arriving early Sunday evening, just after dinner, in anticipation of school the following day. A temporary escape from this feeling occurred (for me at least) when my 2 brothers and I would lie on the living room floor, chins resting in the palms of our hands, watching The Wonderful World of Disney. Oh, how we wanted to be part of those exciting stories of adventures to far-away lands.

As adults (young or old) these feelings of anxiety (even foreboding) can still happen as we consider an overbearing teacher, boss or customer, heavy workloads and the cares of our personal lives.

One of my sons was recently sharing his “Monday Morning Funk”, which inspired this post…

The first thing to realize is: we are NOT alone. That is, EVERYONE has, or has had, these feelings at some point in their lives. And, we often realize that once we get going for the day it isn’t so bad after-all.

Part of the challenge is that we can be our own worst critic, a topic we’ll cover in a separate post.

So, how do we beat down the Monday Morning Funk? I’d suggest there are 4 steps:

  1. Define our dreams – Where do we see ourselves in 5-10 years? The adventures we’d like to experience, the places we’d like to live, the vehicles we’d like to own, the causes we’d like to support, the relationships we’d like to have, the job we’d like to hold, the business we’d like to launch, etc.
  2. Define our goals – What are the incremental steps we must take and the milestones we must achieve to realize our dreams? The college degree(s) we must achieve, the real-life work experiences we must get under our belt, the amount of money we must earn and save, the training/seminars we must attend, the books we must read and finally, how to perform our current duties in such an outstanding way that we absolutely blow away our boss, co-workers and customers with regards to how personable, effective and industrious we are, and the personal initiative we take (without being asked).
  3. ActWork tirelessly towards our goals!
  4. Remember…

Back to Monday morning…As we are preparing to return to school and/or work for the week, we must pull up our list of dreams and goals to remind ourselves why we are doing what we are doing, what we need to do to get there and to get to work!

Said another way, we need to look up and not down. If we don’t look up (to our goals and dreams) we end up focusing on the “drudgery” of the day considering it to be the “end-state” as we ask ourselves “Is this all there is to life?” No, no, no!

This (today’s list of tasks and appointments) is absolutely NOT the end-state. Today is simply a minor stepping stone down the path towards our goals and dreams.

Consider this – There really is VERY LITTLE COMPETITION for those who are willing and able to pull themselves up by their own bootstraps to become exceptionally productive every single day. The reason: much of society seems to “stall out” going about the daily grind, doing only what is absolutely required to get by, punching the clock, with no long-term vision as they consider the whole thing (life experience) to be too hard. Reminds me of a quote:

Don’t be upset with the results you didn’t get with the work you didn’t do.

To keep up the energy level and focus we MUST hold our long term objectives (goals and dreams) in the forefront of our mind. Every single day!

In closing, the launching of this post on a Sunday morning is by design, to provide readers an opportunity to eliminate, or at least reduce, this and future week’s Monday Morning Funk.

By taking the 4 steps above you will move rapidly down the path towards achieving your goals and dreams. Simply be patient. Give it time and you WILL, you MUST get there!

All the best!

p.s. – There is a commonly known statistic indicating that the number one day of the week for heart attacks to occur is Monday. This might suggest that by beating down the Monday Morning Funk we are going to live longer 🙂

All the more reason to Dream Big, Set Goals and Take Action!