Impossible is Just a Word!

Everyone, at some point of his or her life, has dreamed of being somebody special, somebody big. Who hasn't fantasized about being the one who hits the game-winning jumper? Who hasn't dreamed of being the homecoming queen? And how many times have we dreamed of being rich, or successful, or happy with our relationships?

Often, people dream big dreams and have great aspirations. Unfortunately, many times people’s dreams remain just that – dreams; and their aspirations easily collect dust in their attic.

This is a sad turn of events in people’s life. Instead of experiencing exciting adventures in self-actualization, people get caught up in the humdrum of living from day-to-day just barely existing.

But you know what? Life could be so much better, if only we all just learned to aim higher.

The most common challenge to setting goals is the thought of them as impossible. Most people get hung up thinking, I can't do this; it’s too hard. It's too impossible. No one can do this.

However, if everyone thought that, there would be no inventions, no innovations, and no breakthroughs in human accomplishment. Think about it.

Remember that scientists were baffled when they took a look at the humble bumblebee. Theoretically, they said, it was impossible for the bumblebee to fly. Fortunately for the bumble bee no one has told it so. So fly it does.

On the other hand, some people suffer from dreaming totally outrageous dreams and not acting on them. The result is broken dreams, and tattered aspirations.

If you limit yourself with self-doubt, and self-limiting assumptions, you will never be able to break past what you deem impossible. If you reach too far out into the sky without working towards your goal, you will find yourself clinging on to the “impossible” dream.

Try this exercise. Take a piece of paper and write down some goals in your life. Under one header, list down things ‘you know you can do’. Under another header, write the things ‘you might be able to do.’ And under one more, list the things that are ‘impossible for you to do.’

Now look at all the headers and strive every day to accomplish the goals that are under the heading of things ‘you know you can do’. Check them when you are able to accomplish them. As you slowly are able to check all of your goals under that heading, try accomplishing the goals under the other header-the one that reads ‘you might be able to do.’

As of the items you wrote under things I could do are accomplished, you can move the goals that are under things that are ‘impossible for you to do’ to the list of things ‘you might be able to do.’

As you progress through this process, you will find out that the goals you thought were impossible become easier to accomplish. And the impossible begin to seem possible after all.

You see, the technique here is not to limit your imagination. It is to aim high, and start working towards that goal little by little. However, it also is unwise to set a goal that is truly unrealistic to you, or does not resonate with the belief system you support at the time of this process.

Those who just dream towards a goal without working hard end up disappointed and disillusioned.

On the other hand, if you told someone a hundred years ago that it was possible for man to be on the moon, they would laugh at you. If you had told them you could send mail from here to the other side of the world in a few seconds, they would say you were out of your mind. But, through sheer desire and perseverance these impossible dreams are now realities.

Thomas Edison once said that genius is 1% inspiration and 99% perspiration. Nothing could be truer. For one to accomplish his or her dreams there has to be work and discipline, both mentally and physically. But take note that that 1% has to be a think-big dream, and not some easily accomplished one.

Ask any gym rat and he or she will tell you that there can be no gains unless you are driven out of your comfort zone. Remember the saying, “No pain, no gain”? That is as true as it can be.

So dream on, friend! Don’t get caught up with your perceived limitations. Think big and work hard to attain those dreams. As you step up the ladder of progress, you will find out the impossible becomes a little bit more possible.

Peace & Blessings!

Small Steps to Improve Your Investment Skills

You work hard every day, so you want your money to work for you. Maybe you are accomplishing this with investments. But, everyone can get a little better. If you are looking for ways to increase your portfolio, improving your skills may be in order.

Investing is an art that anyone can learn if they want to. Many go on the word of analysts and a financial advisor, but they can only take you so far. They can recommend, but the best fit for you will come from making your own choices for what you need at what time in your life. To do that, follow the few steps that we are about to give you so that you can be on top of your game and increase your financial nest egg.

* Read up on investing – What area of investing interests you the most? Start there. It could be day trading, a particular type of stock, bonds, Forex, or what have you.

Know how they operate, the trends, how to track them and more. As for other areas, read up on those too. You may not be interested in adding another component to your portfolio now, but when you are ready, you will know where to begin.

* Analyze your current investment portfolio – Where do you stand now? How have your investments done? Look at the steps you have taken to get where you are now. If you have been too hesitant or conservative, you may want to up the ante so to speak, depending on your long-term goals. If you have made mistakes that have led to losses, how can you learn from them this time around?

* Study the trends – This was briefly hit upon in point number one. Trends depend on a lot of different factors: what is going on in other parts of the world, company issues, consumers and what is hot right now. Knowing how to read the trends will help you to sell when it’s necessary and also to buy when it looks like things are about to take an upswing.

* Practice – We don’t mean with your own money or anyone else's. This is a mock project that many kids do in school as an introduction to the world of investing. If you want to try a few new strategies, use pretend money. Act as if you were buying a certain stock. Begin with a set amount of “money” and see what you can make of it. This way, if you make a mistake, you don’t lose your shirt. Use real stocks but fake money to hone your skills.

Investing can be tricky. No one wants to lose money that they are nesting for the future. To get better at it, use these tips above.

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Teaching Your Kids about Basic Economic Principles

We all want the best for our children. Some of the most important life lessons we can give our kids are lessons about money. Financial gurus agree that in order to develop a sense of financial responsibility in children they should be taught to understand how our economy works at the most basic level.

A good time to start teaching children about these concepts is when they are around seven years old. You can begin by talking about how cash and credit cards work. Explain that borrowing money to pay for something is what we do when we use a credit card.

Also explain that when we purchase by credit, the item purchased is far more expensive than it would have been had we paid for it in cash.

That’s a great send-off point to discuss the importance of operating your own household economic unit on a cash basis. Teach your child the benefits of buying only what can be paid for using the cash at hand. Then explain that credit cards have a role to play in our lives but only serve us well when we use them in a disciplined fashion.

Once you’ve covered how personal finances work, then start to discuss how the economy works. Explain how money is generated and help them to understand that through employment, investments, or business ownership people earn money.

Highlight how we are all interconnected. For example, you might explain that the couple that owns the local flower shop help to keep the people working in the greenhouse across town because they purchase flowers from the greenhouse that are then sold in their store. Then show how your family helps to keep the local flower shop open when you purchase flowers for your dining room, and so on.

When everyone does their job and purchases responsibly (utilizing more cash purchases than credit) we have a functioning economy. Teach your kids about the importance of saving as well as investing and how this helps individuals to develop their own cash economy. The more we earn, save and invest the more we will be able to buy on a cash basis and pay less for it at the same time.

One important lesson you can include about basic economic principles, like supply and demand, is to discuss things in terms of need rather want. Our economy is constantly adjusting to the demands of consumers, like Mom and Dad, by providing things on the market that are based on those demands.

The key lesson here is that on an individual basis we should be really looking at our purchases in terms of needs and wants. The market may seem to be saying that everyone wants the newest electronic gadget like an Apple iPad (a thin computer that resembles a slate, and that is used primarily for accessing the internet, not creating data).

The big question to ask is do I “need” it or do I just “want” it? Teach your children the difference between the two and explain that when trying to maintain a cash economy in the home it will be important to purchase based primarily on need and not want. Impulse purchases or buying things based on want and not need causes some people to use credit cards in an undisciplined fashion. This leads to unmanageable debt and the crash of your household economy.

Providing your children with real life examples is a great way to teach them about basic economic principles. Peace & Blessings! :-)

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This is a must see! Check out Mike's take on the precious metals market and let me know what you're doing to get involved in Gold & Silver. Peace & Blessings!

The Time Is Now!!

A powerful must see youtube clip. Let me know what you think and most of all where you stand. Peace & Blessings!