Seberapa cepatkah anda menjadi kaya?
Keterangan :
Jika anda mau membangun rumah maka sebagian orang akan memanggil arsitek dan
arsitek itu bersama anda membuat rencana. Tetapi ketika orang yang sama memulai
membangun kekayaan mereka atau merencanakan masa depan, mereka tidak pernah
mendesain rencana finansial untuk hidup mereka. Mereka tidak mempunyai garis besar
rencana kerja untuk menjadi kaya. Bahkan banyak orang tidak mempunyai rencana,
mereka hanya menjalani hidup saja dan hanya bermimpi sewaktu-waktu mereka akan menjadi kaya.
Banyak juga orang yang menggunakan satu-satunya jurus andalan, yaitu merencanakan
untuk bekerja keras dan mereka tidak pernah kaya. Karena apa yang mereka kerjakan
sekeras apapun memang tidak memungkinkan mereka untuk menjadi kaya.
Contoh, menjadi buruh pabrik atau kuli bangunan, walaupun sekeras apapun mereka bekerja
akan sulit sekali untuk menjadi kaya.
Ada juga orang yang mempunyai rencana yang lambat untuk menjadi kaya, rencana tersebut
yaitu bekerja keras dan menabung. Dengan mengikuti rencana tersebut maka jutaan orang
akan menghabiskan hidupnya dengan memandang keluar jendela dari kereta mereka yang lambat
atau dari mobil mereka yang terjebak dari kemacetan lalu lintas menyaksikan limosin, helikopter,
pesawat jet perusahaan, rumah- rumah mewah.
Dan yang paling menyedihkan ada juga orang yang mempunyai rencana untuk menjadi miskin.
Begitu banyak orang mengucapkan kata-kata seperti ayah miskin Robert Kiyosaki
“Ketika saya pensiun, maka penghasilan saya akan berkurang”. Dengan kata lain mereka
merencanakan untuk bekerja keras seumur hidup hanya untuk menjadi miskin.
“Saya membutuhkan kecepatan.” Kata Tom Cruise dalam Film Top Gun.
Ide bekerja seumur hidup, menabung, dan menaruh uang dalam rekening pensiun merupakan
rencana yang sangat lambat. Rencana ini bagus dan masuk akal oleh 90% orang tetapi bukan
rencana bagi orang yang ingin pensiun muda dan pensiun kaya.
Berikut adalah beberapa ide tentang cara untuk membangun rencana yang lebih cepat:
1. Pilih strategi keluar anda terlebih dahulu . Kita harus mulai dari yang akhir, seperti
yang dikatakan oleh Steven R. Covey dalam bukunya Seven Habits. Jadi kita harus menentukan
dulu umur berapa kita ingin pensiun, berapa banyak uang yang kita miliki saat itu, atau
berapa banyak pasif income kita pada waktu kita pensiun. Kemudian dalam logika saya sendiri maka kita harus;
2. Cari bidang apa yang kita suka atau mungkin kita akan suka yang bisa menghasilkan seperti
yang kita tentukan sebelumnya. Apabila apa yang kita kerjakan sekarang tidak memungkinkan
kita mencapai impian tersebut, Let It Go!
3. Kita cari orang yang sudah berhasil mencapai impian kita untuk diajak kerja sama
atau belajar kepada orang tersebut.
4. Gunakan faktor kali atau leverage.
Maksudnya kita bisa menggunakan RICE (Resources, Ide, Contact, Expertise) dari orang lain.
Sudahkah anda membuat rencana anda untuk menjadi kaya, dan seberapa cepatkah rencana anda?
Semoga bermanfaat. Salam Dahsyat!
untuk melengkapi rencana Anda menjadi Kaya silahkan download materi tambahan :
eBook 24 Prinsip Miliarder yang mencerahkan oleh Tung Desem Waringin dan tiket
seminar 3 hari Financial Revolution senilai Rp. 4.933.500,- ,
silahkan klik disini : http://www.tdwuniversity.com/launch/?id=1156
Monday, April 13, 2009
TDW University - Mengapa yang kaya Semakin Kaya
Kenapa orang kaya semakin kaya, kelas menengah bergumul terus,
dan yang miskin bablas miskin.
Kenapa orang kaya semakin kaya, karena begitu orang kaya penghasilannya
bertambah besar maka gaya hidupnya sementara tetap (menunda kesenangan).
Penghasilan yang lebih ini diinvestasikan kedalam asset (beli saham yang
menghasilkan deviden, rumah kost kost-an, ruko yang dikontrakkan, Mall yang
disewakan, sarang walet, usaha-usaha yang menghasilkan, dll). Sedemikian
sehingga penghasilan mereka bertambah besar. Dan ketika penghasilan mereka
bertambah besar lagi, mereka investasikan lagi ke dalam asset tersebut diatas,
sehingga semakin kaya dan semakin kaya lagi.
Kenapa orang menengah bergumul terus secara financial? Ketika orang
menengah penghasilannya bertambah besar maka dia mencicil rumah yang
lebih besar, mobil yang lebih besar, handphone yang lebih canggih,
komputer yang lebih modern, televisi yang lebih besar, audio yang
lebih canggih dan banyak sekali uang untuk kewajiban sehingga masuk
kedalam pengeluaran. Orang menengah ini bisa memiliki rumah yang besar,
mobil yang besar tapi tidak mempunyai uang yang bekerja untuk dia. Dan
seumur hidupnya menjadi budak uang karena membayar cicilan semakin besar seumur hidupnya.
Kenapa orang miskin bablas miskin ?
Orang miskin tidak perduli seberapa besar pun penghasilannya semua akan masuk ke pengeluaran.
Contoh :
Orang miskin begitu penghasilannya bertambah besar mereka beli TV yang besar,
beli jamnya yang mahal, beli hp yang lebih baru, beli baju mahal, makan di
restoran mewah, ikut keanggotaan fitness, ikut asuransi yang tidak perlu, dll.
Pertanyaannya :
Bila penghasilan Anda bertambah besar, Anda belikan apa? Hal-hal yang
menghasilkan uang lagi atau hal-hal yang menghabiskan uang. Silahkan dijawab,
Anda yang tahu termasuk golongan manakan Anda?
untuk melengkapi pembelajaran Anda silahkan Anda download eBook
24 Prinsip Miliarder yang Mencerahkan oleh Tung Desem Waringin senilai Rp. 250.000,-
dan seminar 3 hari Financial Revolution senilai Rp. 4.933.500,-
klik disini : http://www.tdwuniversity.com/launch/?id=1156
dan yang miskin bablas miskin.
Kenapa orang kaya semakin kaya, karena begitu orang kaya penghasilannya
bertambah besar maka gaya hidupnya sementara tetap (menunda kesenangan).
Penghasilan yang lebih ini diinvestasikan kedalam asset (beli saham yang
menghasilkan deviden, rumah kost kost-an, ruko yang dikontrakkan, Mall yang
disewakan, sarang walet, usaha-usaha yang menghasilkan, dll). Sedemikian
sehingga penghasilan mereka bertambah besar. Dan ketika penghasilan mereka
bertambah besar lagi, mereka investasikan lagi ke dalam asset tersebut diatas,
sehingga semakin kaya dan semakin kaya lagi.
Kenapa orang menengah bergumul terus secara financial? Ketika orang
menengah penghasilannya bertambah besar maka dia mencicil rumah yang
lebih besar, mobil yang lebih besar, handphone yang lebih canggih,
komputer yang lebih modern, televisi yang lebih besar, audio yang
lebih canggih dan banyak sekali uang untuk kewajiban sehingga masuk
kedalam pengeluaran. Orang menengah ini bisa memiliki rumah yang besar,
mobil yang besar tapi tidak mempunyai uang yang bekerja untuk dia. Dan
seumur hidupnya menjadi budak uang karena membayar cicilan semakin besar seumur hidupnya.
Kenapa orang miskin bablas miskin ?
Orang miskin tidak perduli seberapa besar pun penghasilannya semua akan masuk ke pengeluaran.
Contoh :
Orang miskin begitu penghasilannya bertambah besar mereka beli TV yang besar,
beli jamnya yang mahal, beli hp yang lebih baru, beli baju mahal, makan di
restoran mewah, ikut keanggotaan fitness, ikut asuransi yang tidak perlu, dll.
Pertanyaannya :
Bila penghasilan Anda bertambah besar, Anda belikan apa? Hal-hal yang
menghasilkan uang lagi atau hal-hal yang menghabiskan uang. Silahkan dijawab,
Anda yang tahu termasuk golongan manakan Anda?
untuk melengkapi pembelajaran Anda silahkan Anda download eBook
24 Prinsip Miliarder yang Mencerahkan oleh Tung Desem Waringin senilai Rp. 250.000,-
dan seminar 3 hari Financial Revolution senilai Rp. 4.933.500,-
klik disini : http://www.tdwuniversity.com/launch/?id=1156
TDW University - Rahasia Menjadi Kaya dan Bertumbuh Semakin Kaya
Kekayaan adalah sama dengan kemampuan untuk terus bertahan hidup
dengan gaya hidup yang ada, tanpa harus bekerja.
Keterangan:
Penelitian yg dilakukan oleh Gallup International menunjukkan bahwa
rata-rata eksekutif ibukota & Asia kaya mampu bertahan 90 hari dengan
gaya hidup yang ada apabila besok dia berhenti kerja. Setelah itu mereka
harus mulai menjual asset atau berhutang.
Kaya adalah relatif. Sebagian orang merasa kaya ketika mempunyai uang
10 juta rupiah. Sebagian orang merasa tidak kaya walaupun sudah memiliki
uang 10 milyar. Menurut majalah Forbes kaya adalah orang yang mempunyai
penghasilan 1 juta US keatas setahunnya. Sedangkan menurut Robert T. Kiyosaki
yang mengutip dari gurunya Buckminster Fuller bahwa kaya adalah bukan berapa
besar active income anda melainkan kaya adalah apabila passive income lebih
besar dari biaya hidup. Yang dimaksud passive income disini adalah uang yang
masuk tanpa harus bekerja.
Sebagai perbandingan Mike Tyson, dia menghasilkan 300 juta USD sewaktu bertinju,
tapi hari ini bangkrut dan masih berhutang 35 juta USD. Maka sebetulnya Mike Tyson
bukan termasuk kaya, termasuk pula di dalam kategori orang yang bukan kaya
adalah orang-orang yang punya penghasilan 1 Juta USD/tahun namun pengeluarannya
1,2 juta USD/tahun.
Pertanyaan penting kali ini adalah:
1.) Bila besok anda berhenti kerja, berapa lama anda dapat bertahan hidup dengan
gaya hidup anda sekarang tanpa harus menjual asset-asset anda?
2.) Lalu bagaimana kita bisa kaya menurut versi Robert T. Kiyosaki dimana passive
income lebih besar dari biaya hidup?
Jadi sebetulnya menurut Robert T. Kiyosaki, kaya adalah bagaimana menciptakan
passive income lebih besar dari biaya hidup.
Cara membuat passive income:
- Royalti dari hak cipta
- Rumah yang disewakan/ dikostkan
- Saham-saham yang menghasilkan deviden
- Reksadana
- Usaha-usaha yang menghasilkan
Buatlah rangkaian rencana sumber pasif income anda. Sesuatu yang anda sukai dan dapat anda
kerjakan sementara anda mengerjakan apa yang anda kerjakan sekarang.
Dan untuk mendapatkan materi tambahan eBook "24 Prinsip Miliarder yang Mencerahkan"
senilai Rp. 250.000,- dan seminar 3 Hari Financial Revolution senilai Rp. 4.933.500,-
oleh Tung Desem Waringin bisa Anda dapatkan di :
http://www.tdwuniversity.com/launch/?id=1156
Jadi sebetulnya menurut Robert T. Kiyosaki, kaya adalah bagaimana menciptakan
passive income lebih besar dari biaya hidup.
Cara membuat passive income:
- Royalti dari hak cipta
- Rumah yang disewakan/ dikostkan
- Saham-saham yang menghasilkan deviden
- Reksadana
- Usaha-usaha yang menghasilkan
Buatlah rangkaian rencana sumber pasif income anda. Sesuatu yang anda sukai dan dapat anda
kerjakan sementara anda mengerjakan apa yang anda kerjakan sekarang.
Dan untuk mendapatkan materi tambahan eBook "24 Prinsip Miliarder yang Mencerahkan"
senilai Rp. 250.000,- oleh Tung Desem Waringin bisa Anda dapatkan di :
http://www.tdwuniversity.com/launch/?id=1156
dengan gaya hidup yang ada, tanpa harus bekerja.
Keterangan:
Penelitian yg dilakukan oleh Gallup International menunjukkan bahwa
rata-rata eksekutif ibukota & Asia kaya mampu bertahan 90 hari dengan
gaya hidup yang ada apabila besok dia berhenti kerja. Setelah itu mereka
harus mulai menjual asset atau berhutang.
Kaya adalah relatif. Sebagian orang merasa kaya ketika mempunyai uang
10 juta rupiah. Sebagian orang merasa tidak kaya walaupun sudah memiliki
uang 10 milyar. Menurut majalah Forbes kaya adalah orang yang mempunyai
penghasilan 1 juta US keatas setahunnya. Sedangkan menurut Robert T. Kiyosaki
yang mengutip dari gurunya Buckminster Fuller bahwa kaya adalah bukan berapa
besar active income anda melainkan kaya adalah apabila passive income lebih
besar dari biaya hidup. Yang dimaksud passive income disini adalah uang yang
masuk tanpa harus bekerja.
Sebagai perbandingan Mike Tyson, dia menghasilkan 300 juta USD sewaktu bertinju,
tapi hari ini bangkrut dan masih berhutang 35 juta USD. Maka sebetulnya Mike Tyson
bukan termasuk kaya, termasuk pula di dalam kategori orang yang bukan kaya
adalah orang-orang yang punya penghasilan 1 Juta USD/tahun namun pengeluarannya
1,2 juta USD/tahun.
Pertanyaan penting kali ini adalah:
1.) Bila besok anda berhenti kerja, berapa lama anda dapat bertahan hidup dengan
gaya hidup anda sekarang tanpa harus menjual asset-asset anda?
2.) Lalu bagaimana kita bisa kaya menurut versi Robert T. Kiyosaki dimana passive
income lebih besar dari biaya hidup?
Jadi sebetulnya menurut Robert T. Kiyosaki, kaya adalah bagaimana menciptakan
passive income lebih besar dari biaya hidup.
Cara membuat passive income:
- Royalti dari hak cipta
- Rumah yang disewakan/ dikostkan
- Saham-saham yang menghasilkan deviden
- Reksadana
- Usaha-usaha yang menghasilkan
Buatlah rangkaian rencana sumber pasif income anda. Sesuatu yang anda sukai dan dapat anda
kerjakan sementara anda mengerjakan apa yang anda kerjakan sekarang.
Dan untuk mendapatkan materi tambahan eBook "24 Prinsip Miliarder yang Mencerahkan"
senilai Rp. 250.000,- dan seminar 3 Hari Financial Revolution senilai Rp. 4.933.500,-
oleh Tung Desem Waringin bisa Anda dapatkan di :
http://www.tdwuniversity.com/launch/?id=1156
Jadi sebetulnya menurut Robert T. Kiyosaki, kaya adalah bagaimana menciptakan
passive income lebih besar dari biaya hidup.
Cara membuat passive income:
- Royalti dari hak cipta
- Rumah yang disewakan/ dikostkan
- Saham-saham yang menghasilkan deviden
- Reksadana
- Usaha-usaha yang menghasilkan
Buatlah rangkaian rencana sumber pasif income anda. Sesuatu yang anda sukai dan dapat anda
kerjakan sementara anda mengerjakan apa yang anda kerjakan sekarang.
Dan untuk mendapatkan materi tambahan eBook "24 Prinsip Miliarder yang Mencerahkan"
senilai Rp. 250.000,- oleh Tung Desem Waringin bisa Anda dapatkan di :
http://www.tdwuniversity.com/launch/?id=1156
TRADING PSYCHOLOGY AND INVESTOR BEHAVIOR
1. Know Yourself
If you start sweating when you watch the price swings of a product you have invested in, you either have the wrong trading concept, are in the wrong products, or your positions are too big.
2. Put Your Ego Aside
The biggest losses happen after investors make their first big profits.If you accumulate profits with a proven, tested investment strategy,you can pride yourself on its success.However, if you make profits without an investment strategy, you may lose not only all your prof its but your total investment. Unexpected price moves do not have to mean big losses; they occur because investors work with the wrong trading concept.
3. Hoping and Praying Do Not Guarantee Success
Many traders keep repeating the same mistake: They take small profits and let the losses run. The main reason to work systematically with an investment concept is to get the best average performance.This requires placing a stop-loss with every trading position and calculating the profit target when opening a position. Hoping that losses will become prof its by waiting a “little bit longer” is gambling. It might be appropriate once in a while, but in the long run, it ruins every account.
4. Investors Must Learn to Live with Losses
It is easy to enjoy profits, but everyone hates losses. A market price that drops below the entry price is not the only reason for a loss. If a position with a 100 percent profit is liquidated at the entry price, this is also a big loss in the account, although it may not seem as damaging.
5. Never Double Your Losses
Dollar-cost averaging is one of the best strategies for investors if they execute it systematically as part of a long-term strategy.Almost all huge bankruptcies in trading companies worldwide happened because they doubled up losing positions. Hoping to recover losses through additional leverage never works unless someone is really lucky.
6. Know Your Pain Level
Investors create their biggest problems when they change their investment strategy without sufficient reason. The trouble begins when traders jump from one trading strategy to another to follow the shortterm sentiment, mainly because a product seems to have changed.Each investment strategy has its advantages and disadvantages.
Someone who has expertise in picking stocks should continue to use this approach, despite the risk of big drawdowns. A perfect trading concept does not exist, unless someone has discovered a niche product and keeps quiet. At the same moment that this niche market becomes common knowledge, the profit potential disappears. Each investment strategy has a predetermined pain level that investors can identify. It is important to know this pain level before executing an investment strategy.
7. Diversify the Risk
No matter how promising the future of a product may seem, diversify the risk. Many traders profitably trade the same product every day and are especially successful in intraday trading. But these traders are disciplined and have specific product knowledge that is not available to most people. In general, diversifying the risk with a systematic trading approach will result in a much more stable equity curve than investing in a single product.
8. Making Money by Trading Is Hard Labor
Many people believe that that it is easy to make money by investing in stocks, bonds, stock index futures, or commodities. The opposite is true. Investors who show quick profits through trading either have inside information or are remarkably lucky. Average investors have neither of these advantages.All traders must develop a personal profile of risk preference and find a systematic trading style that fits the profile. Then they have to execute it. Months or years of systematic trading may be necessary before real-time trading results confirm that the trading concept works.
9. Intuition versus Execution of a Tested Trading Concept
All of the information that comes over the tickers, from newsletters, and through the Internet is already old when we receive it. There will always be someone with faster access who can take advantage of that information. Speculating with this “old” information is dangerous. Trading concepts that have been tested and have good historical track records on paper provide valid information only if the advisor is
willing to share how the trading concept works. Real-time trading records are only reliable if market behavior does not change. Many of the successful fund managers in the 1980s did less well in the 1990s because the market patterns were very different. Investors must be highly skilled to identify trading concepts that did not perform well in the past but will perform well in the future.
10. The Importance of a Trading Plan
The secret of success on the exchanges is not to make money fast, but to make it consistently. One of the most difficult accomplishments for traders is to create
a portfolio that builds up equity over the long term, independently of market conditions. To reach this goal, it is essential to work with a reliable investment strategy and to guard against being greedy.
11. Feel Comfortable with Your Trading Strategy
Successful traders begin the morning with a trading concept that they can use comfortably for executing trading signals throughout the day,no matter what the markets are doing.Feel good about your trading strategy as long as the real-time
trading results are in line with the historical test results. If the maximum drawdown gets bigger than the drawdown of the historical test results, reevaluate the trading concept.
12. Nothing Is More Important than Discipline
Discipline is always the most important attribute of successful traders. Many traders fail or have limited success because they cannot control their emotions and execute their established trading strategy in any given market situation.
13. Value of Available Trading Concepts
Many worthwhile trading concepts are available. But none of them will always make money. An effective trading concept does not have to be difficult, but it must be executable. The trader has to believe in it and be willing to trade it even after a string of losses.
If you start sweating when you watch the price swings of a product you have invested in, you either have the wrong trading concept, are in the wrong products, or your positions are too big.
2. Put Your Ego Aside
The biggest losses happen after investors make their first big profits.If you accumulate profits with a proven, tested investment strategy,you can pride yourself on its success.However, if you make profits without an investment strategy, you may lose not only all your prof its but your total investment. Unexpected price moves do not have to mean big losses; they occur because investors work with the wrong trading concept.
3. Hoping and Praying Do Not Guarantee Success
Many traders keep repeating the same mistake: They take small profits and let the losses run. The main reason to work systematically with an investment concept is to get the best average performance.This requires placing a stop-loss with every trading position and calculating the profit target when opening a position. Hoping that losses will become prof its by waiting a “little bit longer” is gambling. It might be appropriate once in a while, but in the long run, it ruins every account.
4. Investors Must Learn to Live with Losses
It is easy to enjoy profits, but everyone hates losses. A market price that drops below the entry price is not the only reason for a loss. If a position with a 100 percent profit is liquidated at the entry price, this is also a big loss in the account, although it may not seem as damaging.
5. Never Double Your Losses
Dollar-cost averaging is one of the best strategies for investors if they execute it systematically as part of a long-term strategy.Almost all huge bankruptcies in trading companies worldwide happened because they doubled up losing positions. Hoping to recover losses through additional leverage never works unless someone is really lucky.
6. Know Your Pain Level
Investors create their biggest problems when they change their investment strategy without sufficient reason. The trouble begins when traders jump from one trading strategy to another to follow the shortterm sentiment, mainly because a product seems to have changed.Each investment strategy has its advantages and disadvantages.
Someone who has expertise in picking stocks should continue to use this approach, despite the risk of big drawdowns. A perfect trading concept does not exist, unless someone has discovered a niche product and keeps quiet. At the same moment that this niche market becomes common knowledge, the profit potential disappears. Each investment strategy has a predetermined pain level that investors can identify. It is important to know this pain level before executing an investment strategy.
7. Diversify the Risk
No matter how promising the future of a product may seem, diversify the risk. Many traders profitably trade the same product every day and are especially successful in intraday trading. But these traders are disciplined and have specific product knowledge that is not available to most people. In general, diversifying the risk with a systematic trading approach will result in a much more stable equity curve than investing in a single product.
8. Making Money by Trading Is Hard Labor
Many people believe that that it is easy to make money by investing in stocks, bonds, stock index futures, or commodities. The opposite is true. Investors who show quick profits through trading either have inside information or are remarkably lucky. Average investors have neither of these advantages.All traders must develop a personal profile of risk preference and find a systematic trading style that fits the profile. Then they have to execute it. Months or years of systematic trading may be necessary before real-time trading results confirm that the trading concept works.
9. Intuition versus Execution of a Tested Trading Concept
All of the information that comes over the tickers, from newsletters, and through the Internet is already old when we receive it. There will always be someone with faster access who can take advantage of that information. Speculating with this “old” information is dangerous. Trading concepts that have been tested and have good historical track records on paper provide valid information only if the advisor is
willing to share how the trading concept works. Real-time trading records are only reliable if market behavior does not change. Many of the successful fund managers in the 1980s did less well in the 1990s because the market patterns were very different. Investors must be highly skilled to identify trading concepts that did not perform well in the past but will perform well in the future.
10. The Importance of a Trading Plan
The secret of success on the exchanges is not to make money fast, but to make it consistently. One of the most difficult accomplishments for traders is to create
a portfolio that builds up equity over the long term, independently of market conditions. To reach this goal, it is essential to work with a reliable investment strategy and to guard against being greedy.
11. Feel Comfortable with Your Trading Strategy
Successful traders begin the morning with a trading concept that they can use comfortably for executing trading signals throughout the day,no matter what the markets are doing.Feel good about your trading strategy as long as the real-time
trading results are in line with the historical test results. If the maximum drawdown gets bigger than the drawdown of the historical test results, reevaluate the trading concept.
12. Nothing Is More Important than Discipline
Discipline is always the most important attribute of successful traders. Many traders fail or have limited success because they cannot control their emotions and execute their established trading strategy in any given market situation.
13. Value of Available Trading Concepts
Many worthwhile trading concepts are available. But none of them will always make money. An effective trading concept does not have to be difficult, but it must be executable. The trader has to believe in it and be willing to trade it even after a string of losses.
Friday, April 3, 2009
Financial Terrorism and You
Can we just drop the pretense and start calling the bank bailout what it is: Financial terrorism.
Terrorism can be defined as achieving one's aims through fear. And it sure seems to me that bankers and their friends in government are extorting money from the taxpayers (you and me) with a threatening "or else" that goes something like this: "Give us the money or the entire financial system will implode."
And as we fork over the extortion money, these corporate gangsters put us on the hook for trillions of dollars MORE.
Obama's bailout of AIG is just one example of Washington robbing you of your hard-earned money under the pretext of 'fixing' the problem.
Obama's bailout of AIG is just one example of Washington robbing you of your hard-earned money under the pretext of "fixing" the problem.
For example, AIG posted the largest quarterly loss in American corporate history — $61.7 billion — for the final three months of last year. That means the company lost more than $27 million every hour. That's $465,000 a minute, or $7,750 a second.
As a result of its losses, AIG has been awarded hundreds of billions of taxpayer dollars. Otherwise, we're told, the company's collapse could devastate the economy.
And that's just ONE of the companies robbing you of your hard-earned money under the pretext of "fixing" the problem.
In fact, one of the ways we know this is financial terrorism is that the steps being taken to "fix" the problem aren't fixing a single thing.
The Roots of the Crisis
Go Back to 1999
Glass-Steagall was passed after the Great Depression, the last time outrageous financial chicanery brought our country to its knees economically. This law placed a barrier between everyday banking, such as lending and deposit-taking, and riskier areas, such as derivatives trading.
But the law was repealed in 1999, thanks to lobbying by the very companies we're bailing out now. And the effort was midwifed by Phil Gramm, a laissez-faire-lovin' Republican senator from Texas who co-authored the Gramm-Leach-Bliley Act that repealed many key provisions of Glass-Steagall.
Gramm quit the Senate to go work for UBS AG, one of the beneficiaries of the repeal. I believe that kind of thing — passing a law to help a future employer — should be illegal. We can only be thankful that Gramm didn't go on to higher office — he was an advisor to McCain's Presidential campaign and probably would have ended up as Treasury Secretary had McCain won.
But this isn't just a Republican problem. Oh, if it were only that simple. You see, there were shady characters on both sides of the political aisle in this terrorism caper.
Instead of Gramm, we got Tim Geithner as Treasury Secretary. He's a protégé of Robert Rubin, former co-CEO of Goldman Sachs and one-time Treasury secretary in the Clinton administration, who went on to work for Citigroup after whole-heartedly supporting the Glass-Steagall repeal. Due to the current financial crisis, Citigroup lost $27.7 billion last year and has needed $45 billion in government funds to stay afloat.
But Wait, It Gets Better!
Clinton had more than one Treasury Secretary. And the last one was Lawrence Summers. At the time Glass-Steagall was repealed, Summers said:
"Today Congress voted to update the rules that have governed financial services since the Great Depression and replace them with a system for the 21st century. This historic legislation will better enable American companies to compete in the new economy.''
Good thing Summers isn't around anymore, eh? After making such a colossal mistake, he wouldn't dare to show his face. Oh wait — would you believe he is now the Director of the White House's National Economic Council?
In other words, one of the persons who got us into this mess is now in charge of fixing it! Isn't that like hiring an arsonist to put out your house fire?
And people wonder why I'm pessimistic.
You may have heard Washington officials say on TV: "No one could have foreseen what would happen."
Except that someone did foresee EXACTLY what was going to happen. When Glass-Steagall was up for discussion, Senator Byron Dorgan (D-North Dakota) made an impassioned speech on the floor of the Senate, asking his colleagues NOT to repeal the regulation. He said:
"I think we will look back in 10 years' time and say we should not have done this but we did because we forgot the lessons of the past, and that which is true in the 1930's is true in 2010. I wasn't around during the 1930's or the debate over Glass-Steagall. But I was here in the early 1980's when it was decided to allow the expansion of savings and loans. We have now decided in the name of modernization to forget the lessons of the past, of safety and of soundness.''
Only eight senators opposed the Gramm-Leach-Bliley repeal of Glass-Steagall:
* Richard Shelby (R-AL)
* Barbara Boxer (D-CA)
* Richard Bryan (D-NV)
* Byron Dorgan (D-ND)
* Russell Feingold (D-WI)
* Tom Harkin (D-IA)
* Barbara Mikulski (D-MD)
* Paul Wellstone (D-MN)
If your senator was around in 1999, and he or she isn't on that list, you can be fairly certain that your senator does the bidding of the Wall Street banksters, not you.
While Wellstone is dead, I find it interesting that none of these other, prescient senators have been tapped by President Obama to fix the crisis. Instead, all roads to high-level White House financial appointments seem to lead through Goldman Sachs.
The Goldman Fix
Is in ...
The original plan to bail out AIG was dreamed up last fall at a meeting run by then-Treasury Secretary Hank Paulson. Paulson had been CEO of Goldman Sachs before becoming Treasury Secretary. Also attending the meeting was Lloyd Blankenfein, the current CEO of Goldman Sachs and Tim Geithner, then head of the New York Fed.
Paulson and Geithner set the stage for Goldman: AIG was not going to fail.
Paulson and Geithner set the stage for Goldman: AIG was not going to fail.
AIG was not allowed to fail — remember Geithner has taken both bankruptcy and nationalization off the table. So AIG's trading counterparties are being paid 100 cents on the dollar.
Much of the $170 billion bailout AIG has received has gone to pay off obligations to Wall Street banks, such as Goldman Sachs. Goldman has maintained that it got no bailout money from the Treasury, apart from the $25 billion it was "forced" to take. But in fact, it received at least $13 billion through AIG!
It's almost as if Goldman knew that the money would be coming.
Along with Goldman, Bank of America, Merrill Lynch, UBS, JPMorgan Chase, Morgan Stanley, Deutsche Bank and Barclays are all recipients of AIG's payments to its former trading partners.
Former New York Attorney General Elliot Spitzer — who knows a thing about financial shenanigans — recently wrote:
"The appearance that this was all an inside job is overwhelming. AIG was nothing more than a conduit for huge capital flows to the same old suspects, with no reason or explanation."
You can read Spitzer's two articles on the AIG fiasco HERE and HERE.
So here's where an administration's spokesperson says on TV: "Well, it's a mess, but we're doing our best to fix it."
Are they? Let's look at the track record (in both the Bush and Obama administrations) ...
* No serious attempt at re-regulation. You'd think the first order of business would be to reinstate Glass-Steagall. The Obama Administration hasn't done that. In fact, while Secretary Geithner recently proposed "sweeping" changes to Federal regulation of the financial system, Glass-Steagall wasn't part of the package.
* Goldman Sachs' unprecedented access to the corridors of power in D.C. continues. Another former Goldman Sachs employee, Gary Gensler, has been nominated to head the Commodity Futures Trading Commission.
* Not even a token attempt at justice. Where are the indictments? Why aren't we seeing Wall Street executives frog-marched to the paddy wagons? And don't tell me about Bernie Madoff — he was a rogue operator who turned himself in, not the head of one of the major Wall Street banks that have ripped us off through systematic pillaging. Indeed, everything I see tells me that our government is a willing co-conspirator with the robber barons.
* The looting continues. In just one example, Citibank and Bank of America are now using the TARP funds they received not to extend more loans as they were supposed to, but to buy up more of the toxic debt they're supposed to be getting rid of! Why? Because they know that, under Geithner's plan, they will be able to sell the toxic debt at a substantial profit as the government props up the market for those troubled assets. These banksters are speculating with the same taxpayer money that was supposed to pull them back from the abyss.
* The threats continue. In the Bush administration, Treasury Secretary Paulson was able to get his original bailout package passed by Congress in a very simple manner. According to Representative Paul Kanjorski, the Capital Markets Subcommittee Chair, Paulson told them, with a great sense of urgency, that there was an electronic run on the banks. And if Congress didn't go along with Paulson's rescue plan, Kanjorski recalled being told, "It would have been the end of our economic system and our political system as we know it."
Well, it's déjà vu all over again. Geithner recently told the House Committee on Financial Services: "The U.S. Government does not have the legal means today to manage the orderly restructuring of a large, complex, non-bank financial institution that poses a threat to the stability of our financial system."
Geithner could be sincere, in which case, we are in a very dire situation indeed. I'm just not sure he's the right man to reform the system, because I can't tell whose side he's on.
After all, last week, the Obama administration urged the U.S. Supreme Court to stop New York and other states from enforcing their fair-lending and other consumer-protection laws against federally chartered banks, including JPMorgan Chase and Wells Fargo & Co. This is the same position that the Bush administration had and a slap in the face for consumer and civil-rights groups.
Our government is going to have to choose whose side it is on. It's a choice that — if not correct — could bring this country to the brink of anarchy.
Could We Go the Way of Argentina?
Desmond Lachman — former chief strategist for emerging markets at Salomon Smith Barney and a long-time official with the IMF — recently wrote in The Washington Post that comparing the economic crisis in the U.S. to Japan's "lost decade" was wrong. Instead, he said a better comparison is to Argentina, Russia, Thailand, and other countries that collapsed both economically and politically, weighed down by their own corruption.
He wrote:
"Watching Goldman Sachs's seeming lock on high-level U.S. Treasury jobs as well as the way that Republicans and Democrats alike tiptoed around reforming Freddie Mac and Fannie Mae — among the largest campaign contributors to Congress — made me wonder if the differences between the United States and the Asian economies were only a matter of degree."
From what we've seen so far, the only response to the catastrophic collapse of major American financial institutions is to try and reinflate the balloon with our tax dollars. There is no serious attempt at reform. And without that, there can be no real recovery. And Lachman's words could come back to haunt us.
Physical gold can be a good investment for economic hard times. But it isn't the only investment you might consider.
Physical gold can be a good investment for economic hard times. But it isn't the only investment you might consider.
What to Consider Investing in When Your
Government Is in Danger of Collapsing ...
Physical gold and silver are good investments for economic hard times. But they aren't the only investments you might consider. Cash is king, at least in the short run. And I've spoken to people from Argentina who said what saved them during their country's collapse was getting their money out of the country — in other words, investing abroad.
The trouble is, this time around, the entire world seems to be going down together.
Land is also a good investment, at least if you think the markets are approaching a bottom. My crystal ball is cloudy on that one.
As for the market, I think certain commodities, especially precious-metals related issues, still have a lot of promise. And if the markets tank, you can always play that move with inverse ETFs.
I think the best lesson is to be diversified. Spread your assets out. You can hope for a speedy recovery, but be prepared for a long-term downturn. When the government isn't seriously addressing the problems we face, that's probably the best you can do.
Terrorism can be defined as achieving one's aims through fear. And it sure seems to me that bankers and their friends in government are extorting money from the taxpayers (you and me) with a threatening "or else" that goes something like this: "Give us the money or the entire financial system will implode."
And as we fork over the extortion money, these corporate gangsters put us on the hook for trillions of dollars MORE.
Obama's bailout of AIG is just one example of Washington robbing you of your hard-earned money under the pretext of 'fixing' the problem.
Obama's bailout of AIG is just one example of Washington robbing you of your hard-earned money under the pretext of "fixing" the problem.
For example, AIG posted the largest quarterly loss in American corporate history — $61.7 billion — for the final three months of last year. That means the company lost more than $27 million every hour. That's $465,000 a minute, or $7,750 a second.
As a result of its losses, AIG has been awarded hundreds of billions of taxpayer dollars. Otherwise, we're told, the company's collapse could devastate the economy.
And that's just ONE of the companies robbing you of your hard-earned money under the pretext of "fixing" the problem.
In fact, one of the ways we know this is financial terrorism is that the steps being taken to "fix" the problem aren't fixing a single thing.
The Roots of the Crisis
Go Back to 1999
Glass-Steagall was passed after the Great Depression, the last time outrageous financial chicanery brought our country to its knees economically. This law placed a barrier between everyday banking, such as lending and deposit-taking, and riskier areas, such as derivatives trading.
But the law was repealed in 1999, thanks to lobbying by the very companies we're bailing out now. And the effort was midwifed by Phil Gramm, a laissez-faire-lovin' Republican senator from Texas who co-authored the Gramm-Leach-Bliley Act that repealed many key provisions of Glass-Steagall.
Gramm quit the Senate to go work for UBS AG, one of the beneficiaries of the repeal. I believe that kind of thing — passing a law to help a future employer — should be illegal. We can only be thankful that Gramm didn't go on to higher office — he was an advisor to McCain's Presidential campaign and probably would have ended up as Treasury Secretary had McCain won.
But this isn't just a Republican problem. Oh, if it were only that simple. You see, there were shady characters on both sides of the political aisle in this terrorism caper.
Instead of Gramm, we got Tim Geithner as Treasury Secretary. He's a protégé of Robert Rubin, former co-CEO of Goldman Sachs and one-time Treasury secretary in the Clinton administration, who went on to work for Citigroup after whole-heartedly supporting the Glass-Steagall repeal. Due to the current financial crisis, Citigroup lost $27.7 billion last year and has needed $45 billion in government funds to stay afloat.
But Wait, It Gets Better!
Clinton had more than one Treasury Secretary. And the last one was Lawrence Summers. At the time Glass-Steagall was repealed, Summers said:
"Today Congress voted to update the rules that have governed financial services since the Great Depression and replace them with a system for the 21st century. This historic legislation will better enable American companies to compete in the new economy.''
Good thing Summers isn't around anymore, eh? After making such a colossal mistake, he wouldn't dare to show his face. Oh wait — would you believe he is now the Director of the White House's National Economic Council?
In other words, one of the persons who got us into this mess is now in charge of fixing it! Isn't that like hiring an arsonist to put out your house fire?
And people wonder why I'm pessimistic.
You may have heard Washington officials say on TV: "No one could have foreseen what would happen."
Except that someone did foresee EXACTLY what was going to happen. When Glass-Steagall was up for discussion, Senator Byron Dorgan (D-North Dakota) made an impassioned speech on the floor of the Senate, asking his colleagues NOT to repeal the regulation. He said:
"I think we will look back in 10 years' time and say we should not have done this but we did because we forgot the lessons of the past, and that which is true in the 1930's is true in 2010. I wasn't around during the 1930's or the debate over Glass-Steagall. But I was here in the early 1980's when it was decided to allow the expansion of savings and loans. We have now decided in the name of modernization to forget the lessons of the past, of safety and of soundness.''
Only eight senators opposed the Gramm-Leach-Bliley repeal of Glass-Steagall:
* Richard Shelby (R-AL)
* Barbara Boxer (D-CA)
* Richard Bryan (D-NV)
* Byron Dorgan (D-ND)
* Russell Feingold (D-WI)
* Tom Harkin (D-IA)
* Barbara Mikulski (D-MD)
* Paul Wellstone (D-MN)
If your senator was around in 1999, and he or she isn't on that list, you can be fairly certain that your senator does the bidding of the Wall Street banksters, not you.
While Wellstone is dead, I find it interesting that none of these other, prescient senators have been tapped by President Obama to fix the crisis. Instead, all roads to high-level White House financial appointments seem to lead through Goldman Sachs.
The Goldman Fix
Is in ...
The original plan to bail out AIG was dreamed up last fall at a meeting run by then-Treasury Secretary Hank Paulson. Paulson had been CEO of Goldman Sachs before becoming Treasury Secretary. Also attending the meeting was Lloyd Blankenfein, the current CEO of Goldman Sachs and Tim Geithner, then head of the New York Fed.
Paulson and Geithner set the stage for Goldman: AIG was not going to fail.
Paulson and Geithner set the stage for Goldman: AIG was not going to fail.
AIG was not allowed to fail — remember Geithner has taken both bankruptcy and nationalization off the table. So AIG's trading counterparties are being paid 100 cents on the dollar.
Much of the $170 billion bailout AIG has received has gone to pay off obligations to Wall Street banks, such as Goldman Sachs. Goldman has maintained that it got no bailout money from the Treasury, apart from the $25 billion it was "forced" to take. But in fact, it received at least $13 billion through AIG!
It's almost as if Goldman knew that the money would be coming.
Along with Goldman, Bank of America, Merrill Lynch, UBS, JPMorgan Chase, Morgan Stanley, Deutsche Bank and Barclays are all recipients of AIG's payments to its former trading partners.
Former New York Attorney General Elliot Spitzer — who knows a thing about financial shenanigans — recently wrote:
"The appearance that this was all an inside job is overwhelming. AIG was nothing more than a conduit for huge capital flows to the same old suspects, with no reason or explanation."
You can read Spitzer's two articles on the AIG fiasco HERE and HERE.
So here's where an administration's spokesperson says on TV: "Well, it's a mess, but we're doing our best to fix it."
Are they? Let's look at the track record (in both the Bush and Obama administrations) ...
* No serious attempt at re-regulation. You'd think the first order of business would be to reinstate Glass-Steagall. The Obama Administration hasn't done that. In fact, while Secretary Geithner recently proposed "sweeping" changes to Federal regulation of the financial system, Glass-Steagall wasn't part of the package.
* Goldman Sachs' unprecedented access to the corridors of power in D.C. continues. Another former Goldman Sachs employee, Gary Gensler, has been nominated to head the Commodity Futures Trading Commission.
* Not even a token attempt at justice. Where are the indictments? Why aren't we seeing Wall Street executives frog-marched to the paddy wagons? And don't tell me about Bernie Madoff — he was a rogue operator who turned himself in, not the head of one of the major Wall Street banks that have ripped us off through systematic pillaging. Indeed, everything I see tells me that our government is a willing co-conspirator with the robber barons.
* The looting continues. In just one example, Citibank and Bank of America are now using the TARP funds they received not to extend more loans as they were supposed to, but to buy up more of the toxic debt they're supposed to be getting rid of! Why? Because they know that, under Geithner's plan, they will be able to sell the toxic debt at a substantial profit as the government props up the market for those troubled assets. These banksters are speculating with the same taxpayer money that was supposed to pull them back from the abyss.
* The threats continue. In the Bush administration, Treasury Secretary Paulson was able to get his original bailout package passed by Congress in a very simple manner. According to Representative Paul Kanjorski, the Capital Markets Subcommittee Chair, Paulson told them, with a great sense of urgency, that there was an electronic run on the banks. And if Congress didn't go along with Paulson's rescue plan, Kanjorski recalled being told, "It would have been the end of our economic system and our political system as we know it."
Well, it's déjà vu all over again. Geithner recently told the House Committee on Financial Services: "The U.S. Government does not have the legal means today to manage the orderly restructuring of a large, complex, non-bank financial institution that poses a threat to the stability of our financial system."
Geithner could be sincere, in which case, we are in a very dire situation indeed. I'm just not sure he's the right man to reform the system, because I can't tell whose side he's on.
After all, last week, the Obama administration urged the U.S. Supreme Court to stop New York and other states from enforcing their fair-lending and other consumer-protection laws against federally chartered banks, including JPMorgan Chase and Wells Fargo & Co. This is the same position that the Bush administration had and a slap in the face for consumer and civil-rights groups.
Our government is going to have to choose whose side it is on. It's a choice that — if not correct — could bring this country to the brink of anarchy.
Could We Go the Way of Argentina?
Desmond Lachman — former chief strategist for emerging markets at Salomon Smith Barney and a long-time official with the IMF — recently wrote in The Washington Post that comparing the economic crisis in the U.S. to Japan's "lost decade" was wrong. Instead, he said a better comparison is to Argentina, Russia, Thailand, and other countries that collapsed both economically and politically, weighed down by their own corruption.
He wrote:
"Watching Goldman Sachs's seeming lock on high-level U.S. Treasury jobs as well as the way that Republicans and Democrats alike tiptoed around reforming Freddie Mac and Fannie Mae — among the largest campaign contributors to Congress — made me wonder if the differences between the United States and the Asian economies were only a matter of degree."
From what we've seen so far, the only response to the catastrophic collapse of major American financial institutions is to try and reinflate the balloon with our tax dollars. There is no serious attempt at reform. And without that, there can be no real recovery. And Lachman's words could come back to haunt us.
Physical gold can be a good investment for economic hard times. But it isn't the only investment you might consider.
Physical gold can be a good investment for economic hard times. But it isn't the only investment you might consider.
What to Consider Investing in When Your
Government Is in Danger of Collapsing ...
Physical gold and silver are good investments for economic hard times. But they aren't the only investments you might consider. Cash is king, at least in the short run. And I've spoken to people from Argentina who said what saved them during their country's collapse was getting their money out of the country — in other words, investing abroad.
The trouble is, this time around, the entire world seems to be going down together.
Land is also a good investment, at least if you think the markets are approaching a bottom. My crystal ball is cloudy on that one.
As for the market, I think certain commodities, especially precious-metals related issues, still have a lot of promise. And if the markets tank, you can always play that move with inverse ETFs.
I think the best lesson is to be diversified. Spread your assets out. You can hope for a speedy recovery, but be prepared for a long-term downturn. When the government isn't seriously addressing the problems we face, that's probably the best you can do.
10 Workplace Motivation Commandments That All Leaders MUST Follow
10 Workplace Motivation Commandments That All Leaders MUST Follow
Unmotivated employees have rightly been called "the black holes of the business universe." Fortunately, motivation is not something a person is born with or without. Applying these Ten Commandments can go a long way to helping existing employees find their motivation.
1. Commit with all thy heart so others might follow
Before you ask your employees to commit, you must be fully committed yourself as a manager and leader of your organization. Throw your heart over the bar, make that complete commitment, and others will follow.
2. Declare a zero-tolerance policy for dysfunctional behaviors
These behaviors include people saying one thing and meaning another, giving lip service, gossiping and backstabbing. Enlist a company-wide commitment to stop every one of these workplace dysfunctions that lead to conflicts and lower employee productivity.
3. Show that you care, in every way
Show your team members that you care, not just about their productivity, but also about them. A kind word or a "good job," a pat on the back or a question about someone's health can go a long way toward motivating your employees.
4. Celebrate every victory
Recognition of achievements is high on the list of employee motivators. Every Big Project consists of scores of little victories along the way. Celebration builds confidence, and confident people are open to feedback. This means your employees will be more willing to grow with your company.
5. Clean up thy messes
As a manager and leader, you WILL inevitably make mistakes. It is critical to clean up your messes as you make them. Acknowledge the mistake then make a commitment to make things right and prevent a recurrence.
6. Use powerful and positive language
Say what you mean and communicate your position in a clear and powerful and positive manner. Your ability to motivate employees will be INCREDIBLE when people know what is expected of them and why.
7. Be unreasonable with thyself
Being "reasonable" doesn't bring out the best of who you are. Show that you are willing to forego the excuses and happily do what needs doing, regardless of how "unreasonable" it seems. Your employees will then rise to the unreasonable themselves.
8. Reprogram thy limiting beliefs
We all come equipped with self-doubting mechanisms. Begin living "as if" you are smart enough, good enough, and up to the challenge, and guess what - suddenly you will be. Once those limiting beliefs fall away, your actual competence increases, which further reduces self-doubt... and places you in a happy feedback loop of motivation.
9. Choose joy
When you develop a habit of interpreting things as good instead of bad, it actually alters the neural pathways in your brain. Your brain will find it easier to interpret things as good. You've rewired your brain for happiness—and happy people are MUCH more likely to be motivated and engaged than unhappy ones.
10. Give, Give, GIVE
Life gives to the givers and takes from the takers, and life has a perfect accounting system. If you want your employees to shower your company with success, it's time for you to dig in and give like crazy to your employees.
Give them your committed heart. Give them a functional environment. Give them care, celebration, integrity, clarity, and a vision of the impossible made possible. Give them a model of life without limiting beliefs. Most of all, show them the way by choosing joy.
Do these things and you will motivate your employees and end up in the Promised Land together.
Unmotivated employees have rightly been called "the black holes of the business universe." Fortunately, motivation is not something a person is born with or without. Applying these Ten Commandments can go a long way to helping existing employees find their motivation.
1. Commit with all thy heart so others might follow
Before you ask your employees to commit, you must be fully committed yourself as a manager and leader of your organization. Throw your heart over the bar, make that complete commitment, and others will follow.
2. Declare a zero-tolerance policy for dysfunctional behaviors
These behaviors include people saying one thing and meaning another, giving lip service, gossiping and backstabbing. Enlist a company-wide commitment to stop every one of these workplace dysfunctions that lead to conflicts and lower employee productivity.
3. Show that you care, in every way
Show your team members that you care, not just about their productivity, but also about them. A kind word or a "good job," a pat on the back or a question about someone's health can go a long way toward motivating your employees.
4. Celebrate every victory
Recognition of achievements is high on the list of employee motivators. Every Big Project consists of scores of little victories along the way. Celebration builds confidence, and confident people are open to feedback. This means your employees will be more willing to grow with your company.
5. Clean up thy messes
As a manager and leader, you WILL inevitably make mistakes. It is critical to clean up your messes as you make them. Acknowledge the mistake then make a commitment to make things right and prevent a recurrence.
6. Use powerful and positive language
Say what you mean and communicate your position in a clear and powerful and positive manner. Your ability to motivate employees will be INCREDIBLE when people know what is expected of them and why.
7. Be unreasonable with thyself
Being "reasonable" doesn't bring out the best of who you are. Show that you are willing to forego the excuses and happily do what needs doing, regardless of how "unreasonable" it seems. Your employees will then rise to the unreasonable themselves.
8. Reprogram thy limiting beliefs
We all come equipped with self-doubting mechanisms. Begin living "as if" you are smart enough, good enough, and up to the challenge, and guess what - suddenly you will be. Once those limiting beliefs fall away, your actual competence increases, which further reduces self-doubt... and places you in a happy feedback loop of motivation.
9. Choose joy
When you develop a habit of interpreting things as good instead of bad, it actually alters the neural pathways in your brain. Your brain will find it easier to interpret things as good. You've rewired your brain for happiness—and happy people are MUCH more likely to be motivated and engaged than unhappy ones.
10. Give, Give, GIVE
Life gives to the givers and takes from the takers, and life has a perfect accounting system. If you want your employees to shower your company with success, it's time for you to dig in and give like crazy to your employees.
Give them your committed heart. Give them a functional environment. Give them care, celebration, integrity, clarity, and a vision of the impossible made possible. Give them a model of life without limiting beliefs. Most of all, show them the way by choosing joy.
Do these things and you will motivate your employees and end up in the Promised Land together.
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