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brainPotential
23 Jun
0

How To Tap More Potential Of The Brain For Amazing Accomplishments

The human brain is perhaps the most sophisticated machine in the world. It represents God’s master design. It is a small organ that weighs just three pounds, but is connected to every part of the body through its network of nerves linked by the spinal chord. You can use much more of your brain’s power for astonishing success.

Composed of about 100 billion cells that carry information, no computer comes close to its complexity in terms of structure and functions. Bobynne Boyd quotes neurologist Barry Gordon that “the brain represents three percent of the body’s weight and uses 20 percent of the body’s energy.” This makes the brain the user of more energy than any other human organ. It’s also the control centre of the entire body.

Our interest here is not the argument of whether man uses only 10 percent of his brain or not. At least brain researchers say there is no scientific evidence to support the 10 percent usage theory, but that there is research evidence to prove that virtually every part of the brain is continually active most of the time every day. Daniel Murrell so submits. However, what we can safely say is that all is not yet known about the brain. More discoveries will still be made about this most complex living structure on earth.

Our major concern is how we can maximize the potential or unused power of our brain. The The Telegraph reported that the human brain can store up to 4.7 billion books. What a marvel!

Do you know that we can use our brain to think better, relate better with people, improve our work and business, make more opportunities, and create better results in our health and finances because of many capacities of the brain including neuroplasticity? Neuroplasticity is the brain’s ability to constantly change in response to what we do, think and feel. Let’s see how we can use our brain to produce compelling results.

Activating the Brain for Amazing Results

(1) Change the belief of the 10 percent brain usage: The belief that man, despite all the inventions and developments in science, information technology (Internet), engineering, entrepreneurship, education, healthcare and other fields in the world, used only 10 percent of his brain power had lingered on for several decades. It was a conception that kept the average person constantly limited. The gap between 10 and 100 percent was too wide for man to ever think it was possible to use even 50. Therefore, you need to believe that you can use 100 percent of your brain power. Franklin D. Roosevelt, American president, said “The only limit to our realization of tomorrow will be our doubts of today…”

(2) Daily engage your brain in productive activities: Engaging your brain in productive work such as the mental exercise of meditation reduces your heart rate while dramatically increasing blood flow to the brain. Do you know some relevant Bible verses, your phone numbers, car plate numbers, and even bank accounts off hand? Your brain has big enough capacity to memorize, or hold such information. So use it.

As your brain activity increases, the flow of blood to and fro the area of activity also increases. The more we engage our brain and activate the cells, the more blood supply they receive. This way the neurons live longer and better. On the other hand, inactive brain cells receive lesser amount of blood continuously and this can lead to their death.

(3) Give your brain a challenge: The human brain is a goal-striving mechanism. If you give it a task, it will make sure it delivers it. So, one of the best ways to activate your brain into marvels is to try the untried, adventure into the unfamiliar work terrain, attempt the “impossible”. The most successful and the wealthiest people in various fields challenged their brain to think outside the box.

(4) Be curious and ask questions: One thing that helps children to learn so fast and so much is that they ask many questions. You take your three-year old to a supermarket, he or she will ask you many things, what is this thing called, what is it used for, will you buy it for me? and so on. This helps a lot in the development of their brain.

If things had always been done in a particular way, it doesn’t mean that there are no better ways of doing them. There are always many improved and upgraded ways of doing things and providing answers, if the proper questions are asked. So find out new ways and strategies and utilize them.

(5) Have enough sleep every night: Wingman describes sleep as the reset button for the brain and asserts that 4 to 6 hours of sleep every night is one of the best ways to improve thinking, create new ideas, and innovate. During sleep the brain cells are serviced, refreshed and energized.

(6) Be habitual reader: What physical exercise does to your muscles, reading does to your brain cells. Reading trains your brain, expands your thinking and attention span, and increases the capacity of your memory. That’s why readers emerge leaders in various fields of human endeavour.

If you found this post useful, I welcome your comments and even questions. Also feel free to Like it, share it and invite others to do same.

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sleep
25 Jun
0

Wealth Education (2): You Can Make Money While You Sleep

Let me start this second post in our Wealth Education Series with this inspirational thought by Ronald Osborn. “Unless you try to do something beyond what you have already mastered, you will never grow.” If there is any area this thought holds true, it is in the area of building wealth. Robert Kiyosaki has illustrated the 4 Wealth (Income) Quadrants in a way that even a lay man will understand as follows:

As we can see, those in paid employment (Employees), who HAVE a job, basically trade their time for money. Self-employed persons, who OWN a job, also trade their time for money. These two quadrants on the left side, which constitute about 95 percent of the population, can be said to receive approximately 5 percent of the world’s wealth.

On the other hand, Business Owners, who OWN BUSINESS SYSTEMS, use systems both human and machinery, to generate wealth for themselves. Also, Investors, who OWN INVESTMENTS, use their investments to generate wealth. These two quadrants on the right side, which may not be more than 5 percent of the population, control 95 percent of the world’s wealth.

More precisely, a new report by Oxfam indicates that the world’s eight richest people (billionaires) have the same wealth as the poorest 50 percent of the world population. In other words, half of world’s wealth is now in the hands of one percent of the world population. Also, Forbes report of the top ten billionaires in 2017 shows that almost all of them are Business Owners, that is, own business systems. It is a few of them, particularly Warren Buffett, who are in the Investor Quadrant, that is, they own investments.

Wealth education means that in order to enjoy financial freedom, even if you are in the Employee (E) or Self-employed (SE) Quadrants, you should engage the income you receive in those left side quadrants in such a way that you begin to gradually move to the right side of the quadrants. In other words, engage income from E and SE in such a way that you can create assets that generate cashflow and wealth. This is what the rich people of the world do. This is what it means to make money while you sleep. Even while the wealthy people are sleeping, their business and investment systems are said to be generating income for them. It is believed that the not-too-rich people only make money while they are awake. This is said to limit the income they make.

This is a pertinent question to ask, is it possible for everybody on earth to be wealthy? Given the different economic situations in the world, is it possible for all human beings, irrespective of country, sex, and education, to become financially free to have enough money to do all that they would want to? Are there some social metrics that make wealth by all impossible? Is making money while we sleep a smart way of building wealth in the digital age? Your comments will be very much useful in these discussions.

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MONEY-IDEAS
25 Jun
0

How to Make Your Money Idea Produce Fantastic Results

Buck, dough, money, everyone wants plenty of it. But how to earn or make much of it is the challenge, or is it nightmare? of most people. There is always a way out, and shortly, you’ll discover one of the most effective.

Interestingly, there is so much money in the world, but most of it is in a few hands. For instance, according to Credit Suisse report, quoted by Robert Frank “The top 1 percent now owns 50.1 percent of the world’s wealth, up from 45.5 percent in 2001.” So, what enables a few people to control so much wealth, and the great majority control little, comparatively? Why is the gap between the millionaires and non-millionaires daily and yearly widening?

The opinions of W.J. Cameron and Dr. Robert Schuller appear to give some clue. Cameron believes that “Money never starts an idea; it is the idea that starts the money.” On the other hand, Dr Schuller reasons that “…Money flows to good ideas.” So the clue we can derive from them is that it is ideas that cause the flow of money in the direction of those who are rich or wealthy.

You and I know that many people think thousands of quality thoughts and produce brilliant ideas, even in the area of money, everyday. In my March 8, 2018 post on How to Turn Your Thoughts Into Power to Get Wealth, I indicated that some authorities estimate that an average mind produces about 70,000 thoughts or ideas each day.

If money just flows to ideas, why doesn’t it flow to the ideas of most persons in the world? This gives us a hint to what could be the missing link. Meaning that, there is something the rich do with their ideas to produce enormous wealth for them, which the average people don’t do with their ideas.

This eye-opening statement by William Feather takes us much more close to why it is not just ideas that attract money or riches. According to him, “An idea isn’t worth much until someone with dedication makes it happen.” The rich dedicate, devote, and commit to their ideas. Ideas have no power of their own. After all, an idea is simply a thought or mental picture of something. The persons with great habits behind ideas make those ideas happen.

What to do to make your ideas produce more fantasic financial results

(1) Really believe in at least one of your many ideas. The rich seriously believe in their ideas even when nobody else does. Do you know that the best ideas in this world are the ones that help people, give solutions to them? Any idea that represents an answer to people’s questions is an idea worth believing in.

(2) Know that money is a flow, but from problem-solving ideas. Desiring for or panting after riches wouldn’t bring them until you decide on and commit to adding some value, satisfying a need or needs, or providing some solutions to people, whether online or offline.

(3) See every problem-solving, needs-meeting thought as a business or investment idea, if you really want to make more money, whether from working from home, or anywhere else. This is where the entrepreneurial spirit vitally comes in. Business is just your ability to package the value you add (whether through service or product) in such a way that the beneficiary or customer will pay for it with your profit margin on it.

(4) Always see opportunities in what the rest see as problems or obstacles. This is how the rich behave. They always see opportunities to make a difference where others see obstacles. People are very much interested in how you assist them overcome those “obstacles.”

(5) The rich appreciate their self-worth and promote what they have to offer. They promote their services and products because they believe that their ideas and offerings are good enough for the public. They talk about it everywhere. This is what you must also do. In today’s world, if you don’t say aloud, this is who you are, this is what you can offer, and this is where you are; nobody will take notice of you.

(6) Take a risk by launching out. Risk being laughed at, mocked, and ridiculed. This is the big stake. Many are kept behind by the feeling of the fear of failure, what the people will say about the quality of their service or product, and so on. As long as you’re afraid of what others will think and say, you’ll never take an action on your ideas. And until you take action on your idea, money will not flow to it.

Feel free to Like this post, comment on it, and share it. This will help more persons get rich from their ideas.

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inspire
25 Jun
0

How Lack Of Money Can Inspire You To Wealth

You have some lack of money? If yes, don’t get scared because you’re not alone. Many people experience lack of money in the sense that often times, they don’t have enough money to do the things they would want to do. Just lack of money doesn’t make you poor because poverty is more than lack of money.

Poverty is a state of being poor. It is an enduring condition of subconscious (habitual) unhealthy thoughts. As a matter of fact, poverty goes beyond lack of money to not having enough food, education, healthcare and shelter.

However, both poverty and just lack of money have high motivational value. Whether you’re just broke, which is a temporary condition, or poor, which is a more serious and lasting condition, you can use it as an inspirational force to wealth.

The late Dr. Norman Vincent Peale penned down that, “…poverty was a source of motivation to some of our greatest Americans. It made them determined to lift themselves and their families to a better economic level. A powerful belief, usually derived from their religious training, made them believe that they could do so.” It is the same narrative in many other countries around the world.

From this we can see that despite their poor or challenging backgrounds, it was their positive attitude of faith in God and determination to succeed against those odds that fuelled their inspiration for a change of story. Even today, it is still in choosing the right set of wealth attitudes in response to circumstances of lack and poverty that make people change the circumstances.

For instance, a few years ago, Robert Frank wrote that Forbes had come out with a “self-made score” for its billionaires. A score of 1 meant that they inherited everything. A score of 10 meant that they grew up poor and overcame big obstacles. He quoted Forbes that in 1984, “less than half of those on The Forbes 400 were self-made; today, 69 percent of the 400 created their own fortunes.”

Specifically, of Forbes 400, 34 grew up poor but overcame steep problems, 64 came from working-class background and rose from little to nothing, and 130 came from middle or upper-middle background.

That’s a total of 228, representing 57 percent of 400 billionaires. Meaning that, those who inherited fortune were less than those who made it on their own. We can deduce from this that lack of money and poverty will continue to inspire a greater number of people to grow rich than those who may not experience it at all.

So if you have no money in your pocket you don’t need to despair, you need inspiration. If there is no food in your house you don’t have to get bitter, you need inspiration. If you don’t have any job right now you don’t need to curse the government, you need inspiration. If your faith in God and determination for a financial breakthrough are weak, you don’t need to throw in the towel, you need inspiration. By reading this post up to this point, you’re drawing that inspiration.

Patanjali says, “When you are inspired by some great purpose, some extraordinary project, all your thoughts break their bounds: Your mind transcends limitations, your consciousness expands in every direction, and you find yourself in a new, great, and wonderful world. Dormant forces, faculties, and talents become alive, and you discover yourself to be a greater person by far than you ever dreamed yourself to be.”

Take these steps to utilize lack of money as inspirational force to riches.

(1) Believe that where you’re right now, is the best position to launch from: Get excited about your background and present conditions. See the opportunities, instead of the difficulties, in them. If God wanted mankind to be in a condition of continuous lack and want, He wouldn’t have created so much abundance of all things.

(2) Engage the force of inspiration. To inspire means “to stimulate somebody to do something”, “to provoke particular feeling”, or “to cause creative activity”. Inspiration in our context here simply means to get challenged by the success stories of others in the world that came from backgrounds of great poverty, difficulty, lack and even deprivations. Many people in your same set of circumstances or worse have been rewriting their stories. In this blog, I’ve been sharing such stories.

(3) Set a financial goal you want to accomplish and give it a timeline: Whenever you give your mind a goal, it goes to work on it. It finds all the connections in ideas, in people, and in resources. The more people-oriented the goal, the more inspirational and empowering it is.

(4) Draw up a definite plan of action, what to do about where you’re: We don’t wish away lack of money or poverty. We take practical steps such as what service to render to people, or whom to approach for input or something. You must act now.

(5) Decide a reward for yourself. Rewards inspire. Trophies and laurels motivate. David was highly motivated by the reward King Saul promised to give to the man who would kill Goliath. A number of times in the Bible, God uses rewards to encourage people to obey Him, take the right actions, or do good to others. But how often do we deny ourselves rewards when we have done well! Inspire yourself with an expectation of a reward that is worth the effort.

If you found this post useful, I welcome your comments and even questions. Also feel free to Like it, share it and invite others to do same.

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make-money
25 Jun
0

How to Double or Triple Your Income in 3 Years

In the phenomenon called human life, the importance of ideas can’t be overemphasized. Everything we need originates from an idea, whether it’s the clothe we wear, car we drive, or food we eat.

Money too, is the product of an idea. As a matter of fact, it is an idea that always starts money. Wealth creation flows from idea generation.

The mind is a thinking machine, and an average person uses it to produce between 50,000 and 70,000 ideas a day, according to some authorities. This preponderance of ideas overwhelms man. Most often, he doesn’t know which ones are profitable or money-making ideas.

In this piece, we take a look at some ways we can examine or test our ideas to see the ones that qualify as lucrative money ideas. This will guide us in how we can select from the array of thoughts that daily race through our minds the ones we can use to make money. We consider these eight yardsticks.

Criteria For Determining Profitable Money Ideas

(1) Your idea should display your natural talents. The idea that can fetch you money should match your talents or natural abilities. A greater percentage of persons appear to believe that talent is more crucial than wealth, that with it you can make more money than you would have made without talent. In fact, it’s in the area of talent you have comparative advantage over others. A number of things may determine the money you make but one of the principal ones is your natural ability to do the job well.

(2) Your money-making idea should match your skills. By skill we mean the “ability to do something well” or “the ability to apply knowledge to specific situations.” One essential thing that distinguishes skill from knowledge is that skills are practical. Skill is something you’ve done so many times that you can do it from the subconscious mind, an example being driving a car. You can acquire skills through experiences on the job, in school, and training.

(3) Is your idea adding a lot of value to the user? That is, does the idea solve any significant problem, or does it meet an essential need? You know, people pay for value. If your idea is the one that immediately solves an important problem for people, then it is a profitable one.

This is what Michael Jeffreys and Joel Weldon call take-home value. That is, “solid, practical, usable information or ideas that a person can immediately (within 24 hours) put to use to improve his personal life, job performance/skills, or overall life experience.” People are always willing to pay for that kind of value.

(4) Your money-making idea should reflect what you have passion for. Mike Murdock, an American contemporary Christian singer and preacher, says that “What generates passion and zeal in you is a clue to revealing your destiny. What you love is a clue to something you contain.” Claude-Adrien Helvetius, a French philosopher, also pens down that, “Every man without passions has within him no principle of action, nor motive to act.” If you really love the idea, develop it, and it’ll bring you lots of money.

(5) Is the value deliverable? Lee Iacocca, an American automobile executive, says that, “You can have brilliant ideas, but if you can’t get them across, your ideas won’t get you anywhere.” How are you packaging the money-making idea, is it as a service or product? If as a product, of what shape, size, and form is it? If it’s a service, how fast can people access it?

Apart from packaging, how are you getting it into the hands of the consumers? Is it online or offline? If you’re not willing, ready, and committed to taking action that culminates in the users getting the value (product or service), then it is not a money-making idea.

(6) Is it convenient to the user? Generally, people run away from pain and gravitate towards pleasure. If the idea makes life easier, then people will go for it and it will direct flow of money into your life.

(7) Is it simple to use? An average person also runs away from whatever is complicated. So the ideas must be such that a consumer finds it simple to use.

(8) Is it affordable? Can the potential customers or target market pay for it? The ability to pay for value you offer to the marketplace is what finally rakes in the money.

If your idea meets these criteria, then it is a very profitable idea that will bring you wealth. It is the idea you should pursue. Don’t struggle with the ideas that don’t meet these benchmarks.

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money ideas
25 Jun
0

HOW TO KNOW THE BEST CHOICES TO MAKE IN LIFE

Our choices are so important because they influence the results of all areas of our lives. Sarah Dessen, an American writer, paints a better and clearer picture of the impact of our decisions when she says that “The choices you make now, the people you surround yourself with, they all have the potential to affect your life, even who you are, forever.”

Where we are today in our career, business, finances, spiritual life, family life, even health, is the product of the choices we made in the past. So making the right choices always is very crucial if we must forge ahead successfully. Our decisions create our destinies.

And you know what? Each of us makes thousands of choices daily. As a matter of fact, Dr. Joel Hommans makes a reference to the finding by researchers at Cornell University that we make 226.7 decisions each day on just food alone. Also, a number of Internet sources say that on average, each person makes about 35,000 choices per day.

What this certainly indicates is that each day life saddles us with the responsibility to take decisions on what to eat, what to wear, where to go, whom to see, which customer to call, which business deal to close, which investment option to make, which church to attend, which friends to make, when to drop and pick our kids from school, when to go for a medical checkup, which supermarket to go for shopping, which car to drive, which route to take to office, and which airline to fly.

What of other life-changing choices such as which person to marry, which business partner to have, which career to pursue, and which mentor to choose?

Some of these decisions are taken in a split of a second, while some need a little more time. Some persons, perhaps you know some of them, have died or got ruined by taking certain wrong decisions; others have lived and progressed by also taking particular right decisions. Our outcomes are the product of our choices. Dexter Yager says, “Success is a decision”. That means failure is also a choice.

Decision-making is the act of choosing between two or more courses of action. It is a very important grace or skill we need in the face of thousands of options that confront us each day.

Now, how can you constantly make choices that will move you forward in life, increase your wealth, improve your health, increase your peace of mind, strengthen your relationships, grow your family, and multiply your influence? How can you always know the best option to take from two or more alternatives?

Keys To Making the Best Choices

Making the right choices is very empowering. And in the words of Mary Anne Evans, an English novelist with the pen name, George Eliot, “Choice is the strongest principle of growth.” These keys will always guide you to make the best choices.

(1) Always keep your life purpose (ultimate goal) before you: Your life purpose is the reason for which you live. It answers the question, why did God create you? It is the pivot or fulcrum of your earnest desires and passion. You’re so devoted to it that you’ll never take any decision that will adversely affect or abort it.

Some people print their life purpose and place it where they can read it every day. Some pin it to their dressing mirror. Have you done so too? It’s very inspiring.

(2) Be clear on your core values: Core values are the fundamental beliefs of a person or organization. They are guiding principles that dictate behavior and help people determine what is right and what is wrong. Some people call them personal philosophy. Core values can include things such as having honesty as the best policy; fair dealings with and prompt service to all clients; being a faithful steward of God’s resources, etc. The rule of thumb is, always reject any option that is in conflict with your core values.

(3) Have enough relevant information: One possible cause of making wrong choices is having very scanty or irrelevant information on a given matter upon which decision is to be taken. So try as much as you can to gather the information that is not only enough but also relevant to the subject matter upon which you want to make your choice.

(4) Engage the power of reasoning: To reason is to think about something in a logical or sensible way by using the facts and figures at your disposal. For example, since Mr. A who is seeking employment in your organization has been sacked in his first two places of work, it means that he’s likely to earn a third sack if you hire him.

(5) Follow divine guidance, some call it intuition: God can direct us through our intuition, the strong inner feeling we have about something. I heard a story of a mum who asked her daughter to go and sell some food stuff. The daughter was so reluctant to go and pleaded with the mother that she didn’t feel like going out that day, but the mother insisted. In obedience, the daughter went out to sell only to be knocked down by a vehicle. She died on the spot. The daughter was sensitive to her inner, gut feelings, but the mother wasn’t.

(6) Seek counsel: Lori Hil suggests that “If you don’t have the information you need to make wise choices, find someone who does.” You can seek advice in several ways. You can meet your pastor, experienced business associate, and mentor. You can seek God’s help by praying to Him and studying His Word, the Bible. God speaks constantly on things that we need to know, but the problem is in being able to tune in to His frequency to get the signals. Those who do, always get very clear on the best options to take.

If you found this post useful, I welcome your comments and even questions. Also feel free to Like it, share it and invite others to do same.

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25 Jun
0

HOW TO DETERMINE IDEAS THAT CAN BRING YOU GOOD MONEY

In the phenomenon called human life, the importance of ideas can’t be overemphasized. Everything we need originates from an idea, whether it’s the clothe we wear, car we drive, or food we eat.

Money too, is the product of an idea. As a matter of fact, it is an idea that always starts money. Wealth creation flows from idea generation.

The mind is a thinking machine, and an average person uses it to produce between 50,000 and 70,000 ideas a day, according to some authorities. This preponderance of ideas overwhelms man. Most often, he doesn’t know which ones are profitable or money-making ideas.

In this piece, we take a look at some ways we can examine or test our ideas to see the ones that qualify as lucrative money ideas. This will guide us in how we can select from the array of thoughts that daily race through our minds the ones we can use to make money. We consider these eight yardsticks.

Criteria For Determining Profitable Money Ideas

(1) Your idea should display your natural talents. The idea that can fetch you money should match your talents or natural abilities. A greater percentage of persons appear to believe that talent is more crucial than wealth, that with it you can make more money than you would have made without talent. In fact, it’s in the area of talent you have comparative advantage over others. A number of things may determine the money you make but one of the principal ones is your natural ability to do the job well.

(2) Your money-making idea should match your skills. By skill we mean the “ability to do something well” or “the ability to apply knowledge to specific situations.” One essential thing that distinguishes skill from knowledge is that skills are practical. Skill is something you’ve done so many times that you can do it from the subconscious mind, an example being driving a car. You can acquire skills through experiences on the job, in school, and training.

(3) Is your idea adding a lot of value to the user? That is, does the idea solve any significant problem, or does it meet an essential need? You know, people pay for value. If your idea is the one that immediately solves an important problem for people, then it is a profitable one.

This is what Michael Jeffreys and Joel Weldon call take-home value. That is, “solid, practical, usable information or ideas that a person can immediately (within 24 hours) put to use to improve his personal life, job performance/skills, or overall life experience.” People are always willing to pay for that kind of value.

(4) Your money-making idea should reflect what you have passion for. Mike Murdock, an American contemporary Christian singer and preacher, says that “What generates passion and zeal in you is a clue to revealing your destiny. What you love is a clue to something you contain.” Claude-Adrien Helvetius, a French philosopher, also pens down that, “Every man without passions has within him no principle of action, nor motive to act.” If you really love the idea, develop it, and it’ll bring you lots of money.

(5) Is the value deliverable? Lee Iacocca, an American automobile executive, says that, “You can have brilliant ideas, but if you can’t get them across, your ideas won’t get you anywhere.” How are you packaging the money-making idea, is it as a service or product? If as a product, of what shape, size, and form is it? If it’s a service, how fast can people access it?

Apart from packaging, how are you getting it into the hands of the consumers? Is it online or offline? If you’re not willing, ready, and committed to taking action that culminates in the users getting the value (product or service), then it is not a money-making idea.

(6) Is it convenient to the user? Generally, people run away from pain and gravitate towards pleasure. If the idea makes life easier, then people will go for it and it will direct flow of money into your life.

(7) Is it simple to use? An average person also runs away from whatever is complicated. So the ideas must be such that a consumer finds it simple to use.

(8) Is it affordable? Can the potential customers or target market pay for it? The ability to pay for value you offer to the marketplace is what finally rakes in the money.

If your idea meets these criteria, then it is a very profitable idea that will bring you wealth. It is the idea you should pursue. Don’t struggle with the ideas that don’t meet these benchmarks.

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24 Jun
0

Need For Wealth Education (1)

Today, we begin a series on Wealth Education which will span for some weeks. If there is one thing nations and individuals most desperately need for meeting various responsibilities and obligations, it is wealth. How come that, particularly at the individual level, the greater majority of mankind lacks enough resources to meet the basic needs of life? Truth is, most people don’t have wealth education. That is why every person who really desires wealth should embrace wealth education.

Let me make this point very clear, poverty is caused by lack of wealth education more than anything else. Unfortunately, this important aspect of the human life is not taught at school, not even in departments of accounting and finance across the universities all over the world. It may also interest you to know that having a degree in finance, accounting, economics, statistics, and banking is not equal to having wealth education. Some of those professionals are still struggling how to make ends meet.

Specifically, WEALTH EDUCATION is the ability to convert cash or labour into assets that provide cash flow. Its components include business skills, money skills and investment skills.

The gains of wealth education include the following: (i) It will enable you know what to focus on in life; this way you’ll see that wealth is not far-fetched, it is right where you are. It takes wealth education to see an investment. (ii) Through this education you’ll discover the thought patterns of the poor as compared to the thought patterns of the rich. Our thinking habits have very much to do with wealth creation. This will help you improve your thinking habits. (iii) You’ll also know the wealth quadrant you belong to. Robert Kiyosaki, author ofRich Dad Poor Dad divides the quadrant into (a) Employees and (b) Self-Employed Persons, on the left-hand side, and (c) Business Owners and (d) Investors, on the right-hand side.

Employees ARE GIVEN a job; self-employed persons OWN a job; business owners OWN a system; and investors OWN investment. The best ways to generate wealth are on the right side. Honestly, if your goal is to generate wealth, you need to be working your way towards the right side.

Kiyosaki claims that the two quadrants on the right side (business owners and investors) own 90% of the world’s assets. Isn’t the right side always the better side to be in life? Wealth education will show you how to go over there if you are on the left side of the quadrant at present. Watch out for the continuation.

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21 Jun
0

How to Make Yourself An Impossible Equation for Failure To Handle

Any day anywhere in the world, failure is alone and success is a great company. And as Galeazzo Ciano, the Italian politician said, “Victory finds a hundred fathers, but defeat is an orphan.” There is nothing as frustrating as being a former rich man, or a former successful person.

Failure is very bitter in content, and devastating in result. We must avoid it at all cost.

Some imperative questions are: is it possible for people to win continuously? Why do some people start out as “failures” but end up as huge successes? And why do some people do very well in their business, career, marital life, finances, and professional life but fail woefully at some point? Why are some men even chronic failures?

Steve Mueller gives some of the reasons people fail to include lack of self-discipline, lack of persistence, fear of failure, lack of planning, lack of self-confidence, excuses, failure to accept responsibility, and procrastination.

At whatever point you’re now as an entrepreneur, and even as somebody in paid employment, draw inspiration from these persons who initially “failed” but today are great names, heroes and heroines in their own rights. I’m talking about such stars as:

Oprah Winfrey was publicly fired from her first television job in Baltimore. She never gave up her passion. Today, she is the undisputed queen of television talk shows and has amassed billions of dollars in the process. Oprah says, “There is no such thing as failure. Failure is just life trying to move us in another direction.”

Walt Disney had also suffered sack. He was fired from the Kansas City Star because his editor felt he “lacked imagination and had no good ideas.” Today the Walt Disney Company is an American multinational mass media conglomerate, an empire of its own, in the world.

Albert Einstein was the greatest scientist of the 20th century. Though his teacher had described him as mentally retarded, yet he kept trying. Elbert Hubbard says, “There is no failure except in no longer trying.”

Abraham Lincoln perhaps recorded the greatest number of political and business “failures” in the world. But at the end, he emerged the US President.

How You Can Make Yourself too Hot for Failure to Handle

(1) An empowering truth is that you should know that nothing worthwhile comes easy. You must toil, sweat and pass the “persistence test” before God and life will approve of you as qualified for the next level.

(2) If you have “failed” once or twice before, know that they were only events in your life. That has not made you a failure. As long as you have not thrown in the towel in your mind, you’ve not been defeated.

(3) Whenever you suffer a setback, take immediate action to re-launch. I share my experience with you. A few years ago, my wife and I attended the matriculation ceremony of one of our sons who gained admission into the university. My wife was the one driving the new car I just bought for her. Along the way, she over swerved and before we knew it, the vehicle got right on top of the pavement in the middle of the dual carriage way.

She was a little bit afraid and wanted me to drive when I got help from people around to push the car out of the way. She had just completed driving school two weeks earlier. I encouraged her to continue driving, knowing that if she allowed fear of “failure” to overcome her, she wouldn’t be able to drive again maybe throughout life. She accepted the challenge, took immediate action, and drove us safely to the venue. She’s been driving well ever since.

(4) Henrik Edberg suggests that you should find inspiration and support from your world. Read your Bible and inspirational books, listen to empowering messages on DVDs and so on to keep your momentum high.

(5) Never quit: Always have the attitude of standing up whenever there is a setback. Proverbs 24:10 says that a just man falls seven times and rises up again seven times.

(6) Focus on creative solutions: Whatever your mind dwells on grows. The more you focus on finding answers, the stronger and more creative you become. The more you focus on solutions, the weaker and thinner the mental link between you and failure also becomes.

If you found this post useful, I welcome your comments and even questions. Also feel free to Like it, share it and invite others to do same.

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20 May
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HOW TO INNOVATE AND STAND OUT (PT. 2)

Innovators are in charge of the present and they also own the future. They make significant changes that increase the quality of our lives on a year-by-year, month-by-month, week-by-week, and day-by-day basis. Steve Jobs, Bill Gates, Mark Zuckerberg, Jeff Bezos, and several others, are the innovators behind these vast changes.

Internet, Smart phones, Facebook, YouTube, to mention a few, are innovations that greatly added to the human experience in terms of comfort, convenience, and even affordability. Not only do companies innovate and prosper, we at our individual levels also need to innovate if the financial future must not be stolen from us.

Innovation has become so important now and in the future that it is either businesses innovate or they’re laid to rest by innovators. Christopher A. Bartlett is right when he says that “A company’s ability to innovate is rapidly becoming the primary source of competitive success.”

Broadly, innovation can be classified into two types: incremental and disruptive or radical innovations. Incremental innovation is a series of small improvements or upgrades made to a company’s existing products, services, processes or methods. These changes are usually concentrated on improving an existing product’s development efficiency, productivity and competitive differentiation.

On the other hand, disruptive innovation is the introduction of a product or service into an established industry that performs better and, generally, at a lower cost than existing offerings, thereby displacing the market leaders in that particular market space and transforming the industry.

Clayton Christensen first coined the term. Together with his colleagues, he describes disruption as “a process whereby a smaller company with fewer resources is able to successfully challenge established incumbent businesses … by successfully targeting those overlooked segments, gaining a foothold by delivering more-suitable functionality – frequently at a lower price.”

In this concluding part from our last week’s discussion, let’s see how we can innovate and stand out.

(3) Intensify Your Creativity: Creativity is the ability to create or produce novel and even unique ideas, while innovation is the implementation of that creativity. So, in a very important way, creativity drives innovation. This being so, one strategy to keep innovating is to intensify or increase your creativity. The more creative you’re, the greater your chances of innovation.

You can also increase your creativity by finding a vacuum or a niche that is not yet filled in the marketplace. One powerful way of doing this is to think more of what problem your business can solve in the marketplace or society and think less about what your business should do.

(4) Be curious and ask questions on virtually everything: One of the traits of world’s most innovative CEOs is that they’re good at asking better questions. Hai Gregersen believes that questions are the answer and can give you breakthrough in your most challenging problems. He notes that great questions dissolve hindrances to creative thinking and directs energy in an accelerated manner towards finding the solution.

Asking questions about a challenge or an opportunity can give you a new perspective to it and point out an innovative solution.

(5) Reward Innovative Contributions: It has always been the demonstration of civilized thought that people who make notable contributions are rewarded. There can be annual innovation awards, which can take many forms such as financial, promotion, recognition, and so on. The human mind is a great slumbering power which can be awakened by strategic and monumental reward.

(6) Network: Networks are vital to innovation. Judith Perle writes that innovators aren’t necessarily exceptionally smart people with outstandingly creative minds; bright sparks who think differently. They can be people just like you and me who mix with a wide variety of persons (close friends and others), and who also listen as well as talk.

She suggests that finding innovative ideas is best achieved through an open network, and that interacting with a very wide variety of people, from different backgrounds and with different mindsets, exposes managers to more and more varied and innovative ideas.

In all, we can say that innovation is the fastest and most profitable vehicle to drive into the future, both at personal and corporate levels.

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