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Keeping Promises and Commitments

Posted on | January 27, 2012 | No Comments

Keeping promises is the foundation of all achievement. You did what you said you will do. When you get to the point where you make a promise and keep it, you are a winner. Most people labor under the illusion that we can break promises we make to others and keep those we make to ourselves. That is not true. A promise is a promise, whether you make it to others or yourself. This is where we routinely shoot ourselves in the foot, and I am a chief culprit. I am still learning the fine art of under promising and over delivering. In the bid to please others, I make a promise I find difficult to keep. It has everything to do with integrity – oneness; when your words and actions go together. You say what you mean and you mean what you say. When you make a promise, it is as good as done.

Trying to keep promises in old age after living a life of broken promises will not happen overnight. It requires a paradigm shift and falling in love afresh with the word NO. We have to think thrice before we undertake new tasks. We need to be able to discern between urgent and important. We need to start focusing on what is important and delegate other tasks. We need to cut ourselves some slack and start overestimating the time it will take to accomplish a task rather than give an optimistic estimate and deliver late. We need to make promises we can keep. Read more

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Category: Motivation and Inspiration
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Tips For Networking To Financial Success : The Rich Will Make You Richer

Posted on | January 26, 2012 | No Comments

By Izzy Woods

Forget those feelings of jealousy towards the rich. Forget frowning as a stylish new Jaguar powers past you on the road as you walk to work on a rainy morning. Contrary to what many people believe the rich aren’t there with an iron fist keeping you down. Instead they present your most likely opportunity to move up in the social rankings and achieve greater financial success. Since not all of you can go and become Freemasons tomorrow, let’s look at some practical tips for building networks and socialising with people who have the power to make things happen for you in life.

Why Fraternities And Networking Work

It’s important to understand why this method of improving your business contacts has always worked throughout history before we move on to discuss some specific tips and tools to help you do this more effectively. When a group of like minded individuals, all of whom are driven by desire for success and all possess a wide range of different skills and trades meet up, this provides effectively a huge talent pool. From shop insurance brokers to bricklayers, everything is often covered. Imagine for a moment you aren’t in that talent pool. Read more

Category: Guest Posts, Self Improvement
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You Can Be Rich And Broke: Cash Flow is King

Posted on | January 22, 2012 | 1 Comment

Most people look for capital gain when it comes to investing. Net worth is based on estimated value rather than actual cash flow, hence you can have a millionaire who is stone broke – asset rich but cash poor. They are worth millions but are broke at the same time, contending with past due bills. A minor financial crisis can cause them to dispose of their assets at a giveaway price. Negotiating property price with an owner who desperately needs the money is every buyers dream. When they sense the desperation, they lower their bid. They buyer calls the shots. He who has the gold makes the rules.

Cash flow is the lifeblood of every business and personal finance. The moment a company runs out of cash, it is headed for bankruptcy despite projected earnings and profits for that year. You get to hear about terms like “paper profits”, profits not backed by money in the bank. The moment the company cannot make payroll, pay its suppliers and catch up loan repayment, the company is gradually going out of business. In mergers and acquisitions, the cash rich partner dictates the terms. You find seemingly smaller companies acquiring bigger companies or becoming the senior partner in a merger. It is a matter of cash. Smaller cash rich Exxon became the senior partner in the ExxonMobil merger (Mobil was asset rich and cash poor). Here in Nigeria, smaller cash rich Standard Chartered Bank took over asset rich but cash poor UBA and retained the UBA name for brand recognition purposes. It also holds true for individuals. When you are cash strapped, you negotiate from a position of weakness. When there is no dime in your pocket and your bank account, your self esteem suffers, no matter how exotic your automobile or which neck of the woods you live. You live life on the edge, always afraid that something will give. You are not far away from embarrassment. Read more

Category: Financial Literacy
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Tips for Building and Maintaining a Good Credit Score

Posted on | January 19, 2012 | No Comments

By Elise Brown

A vital component to your financial future is building and maintaining a good credit score. Without the proper knowledge, it can be difficult to figure out what decisions will help you achieve your credit goals, but educating yourself is quite easy. There are lots of tips and tricks you can use to learn proper financial habits and build your credit so that when you need to use your credit score to get a loan or buy a new home, it will be good enough to get you a good deal. These are just some of the basic tips you could use to build and maintain a good credit score.

1. Protect your identity in any way possible. If you should become a victim of identity theft, your credit could suffer tremendously. You don’t want your reputation ruined by someone else, so keep your personal and financial information safe by using trustworthy websites and keeping documents locked in a safe place. Read more

Category: Guest Posts, Personal Finance
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