Be More Successful, Get Motivated, Achieve More with Successful Personal Development
Showing posts with label law of attraction. Show all posts
Showing posts with label law of attraction. Show all posts
Tuesday, 9 July 2013
Free ebook- ' Pushing Your Limits' by Will Edwards
If you have ever found yourself holding back on something you really wanted to do, you are familiar with self-limitation – we all have some self-limiting beliefs.
Limitations can serve us in some ways, like reminding us that we don’t have the ability to fly off a roof and land safely on our feet; and they can confine us in other ways, by creating doubt and fear about our ability to create more fulfilling circumstances.
Luckily, most of our self-limitations are easily identified as helpful or harmful; we need only spend some time examining them and decide which we want to keep and which we want to discard.
What do you believe you’ll NEVER be able to do? Why do you think so? If these concepts seem vague and you’re not sure what your own perceived limitations are, take some time to write them down.
Try phrases like this: ‘I can’t [do this] because [of that].’
Fill in the blanks, and don’t hold anything back. Even if one of your ideas seems ridiculous and you logically know it isn’t true, yet your gut confirms it’s a strong belief you hold, write it down anyway.
Once you’ve identified as many of your limiting beliefs as you can; take a closer look at them. Are any of them hopelessly impossible, or do they just feel that way? Have other people been able to accomplish something that you want to accomplish? Have you accomplished anything in the past that was difficult? How did you overcome the obstacles you faced? Could you apply the same process to any goal?
There are no right or wrong answers here, only what you honestly think and feel. Now set your list aside (we’ll be looking at it again later in this report) – and let’s delve into beliefs a bit deeper.
Free ebook ==> Click Here
Friday, 14 June 2013
Why Making Money Is Difficult
Are you frustrated at why you are not making money the way you would like to?
It appears as if things just don't seem to work out right? Yes you work hard, but it seems as if for every 2 steps forward that you take, 3 steps backwards follows. Making money just seems impossible and it's certainly not from a lack of effort. Why?
Chances are, that there are internal blocks more powerful than you realize that are sabotaging your efforts of making money.
The mind is composed of two parts, the conscience and subconscious parts. The part of the mind that wants to make money, achieve success and all that good stuff is the conscious mind. The part that may be stopping you form achieving your desires is the subconscious mind.
As renowned American developmental biologist and author of "The Biology of Belief" Dr. Bruce Lipton explains, our lives are run by habits, not desires. Your habits are simply your programmed responses to stimuli. The responses are in the form of thought and eventually action. All this is run by your subconscious mind. Your desires, on the other hand, are things that you strongly aspire to have. You control the conscious mind so you will take action to attain these desires.
The thing is, the subconscious mind controls 95% of what you do but you are unlikely to even notice. If what you desire (Making Money) differs from what your subconscious programming wants (status quo), then its like swimming against a really, really, really strong current. You efforts will be futile.
So what are these three major blocks to making money?
1. FEAR OF MAKING MONEY
This is the big one. You might be shocked at how fearful you are of success and a lot of money, even if you want it badly! Introspect for a second. What comes with making money and achieving success? Responsibility? Attention? A shift from what you know and are used to? Being treated differently? What else? As you slowly and deliberately think about the things that money bring, how do you feel about them? Is there a touch of discomfort perhaps with one or more of these things?
Lets take responsibility for instance. You get a lot of money; you have to worry about managing it, taking care of those close to you who would not have otherwise looked to you for support (not that you don't want to help but just the thought of the added responsibility). Remember, with all this money, people are looking at you!
You will also meet new people, people out of your usual circle. You get out of your 'comfort zone'. For those looking for true love, do you fear "gold diggers" may come looking for a bounty? Do you feel like a target? Does all of this make you feel uncomfortable on the inside at some level?
The stimuli are money and success and the programmed response is fear. This is programmed from what you have seen and heard. All this is run by your subconscious mind, which has your experiences stored in its infinitely large database. After fear, the secondary response may be procrastination from taking action to generate this money, or listing of excuse after excuse as to why 'it won't work'. You may also be prone to seeing 'difficulty instead of opportunities'. The list is endless. Fear may also come in the form of fear of failure, which results in anger, frustration and desperation. Think about this. Would you buy from a relaxed confident sales man or a desperate salesman? We all know how annoying, desperate salesmen could be.
The self-saboteur in you will operate under the radar without you noticing a lot of times. With 95% of the vote, your subconscious mind runs the show.
2. FEELINGS OF LACK AND UNWORTHINESS
Feelings of inadequacy hold back too many people from too many accomplishments. When you sit around people with money and success, how do you feel? Do you feel... unworthy? Do you start thinking about what you don't have? What you haven't accomplished? Do you feel like a lesser being, a failure? Do you feel poor? Other people pick these 'vibes' and respond to them. How many times have you seen or heard of people getting promoted simply because they 'acted the part'? This is where the phrase 'Fake it till you make it' comes from. When you feel wealthy and successful, you will act wealthy and successful. Eventually, you will be wealthy successful. It is not the other way round. This is called the 'Be-Do-Have Principle'. You have to be wealthy (feel), do the things that make you wealthy (action) and eventually have wealth.
So again the stimuli are making money and achieving success, the programmed response is 'I'm not worthy'; 'I'm a failure'. The secondary response is lack of confidence, lack of enthusiasm and lack of creativity. Your actions will be a result of these self-defeating assertions and of course the eventuality is failure, no matter how much you want success.
3. ASSOCIATING 'MAKING MONEY' WITH NEGATIVITY
Here is a good test that I have also done. Look for a picture of stacks of cash. What thoughts come to mind? Bank robbery? Drug dealers? Criminal dealings? Greed? Do you have some feelings of repulsion perhaps? What do you think of rich people? Do you think they have bad attitudes? Are they snobs?
When I first did this test, I thought of a bank robbers and drug dealers in movies. This is what I have been exposed to growing up. This is what my mind has been fed. Such a lot of money was always associated with something negative. Things that come to mind may include stories you have heard about lives ruined and families torn apart after making a lot of money. What all this is saying to you is 'MONEY IS BAD!" All this is stored in your subconscious mind. Again, the stimulus is making lots of money, and the programmed response is, ruined lives, torn families, changed person etc. If its something you find undesirable, your subconscious mind will go to work to 'protect you' from it.
LET GO OF THE BLOCKS AND START MAKING MONEY
If the subconscious mind was programmed to block money, you need to reprogram it to allow you to make money.
This is how you can do that...
Affirmations - Repetitive input of negativity led to it being perceived as reality by your subconscious mind. To reverse this, you need to repeat positive affirmations to yourself about yourself and your environment until the programming changes. You can also get recorded affirmations that you can listen to daily. Even if you don't concentrate on them, they still slowly shift the subconscious programming.
Gratitude - Gratitude creates a paradigm shift. By being grateful for what you have, you take away the feeling of lack. You can't feel successful and feel lack at the same time
Surround yourself with positive people - This is self-explanatory. Negative people feed you negativity and positive people give you the right 'programming'.
Emotional Freedom Technique - I strongly recommend this. It is often called 'awake hypnosis'. It is an acupressure technique that combines affirmations and tapping of bio-energy meridians of the body to reset bioenergy and reprogram your subconscious. It's very simple. I would recommend reading on this first so you are fully aware of what it is.
Take charge of your subconscious programming, your life and start making money!!!
It appears as if things just don't seem to work out right? Yes you work hard, but it seems as if for every 2 steps forward that you take, 3 steps backwards follows. Making money just seems impossible and it's certainly not from a lack of effort. Why?
Chances are, that there are internal blocks more powerful than you realize that are sabotaging your efforts of making money.
The mind is composed of two parts, the conscience and subconscious parts. The part of the mind that wants to make money, achieve success and all that good stuff is the conscious mind. The part that may be stopping you form achieving your desires is the subconscious mind.
As renowned American developmental biologist and author of "The Biology of Belief" Dr. Bruce Lipton explains, our lives are run by habits, not desires. Your habits are simply your programmed responses to stimuli. The responses are in the form of thought and eventually action. All this is run by your subconscious mind. Your desires, on the other hand, are things that you strongly aspire to have. You control the conscious mind so you will take action to attain these desires.
The thing is, the subconscious mind controls 95% of what you do but you are unlikely to even notice. If what you desire (Making Money) differs from what your subconscious programming wants (status quo), then its like swimming against a really, really, really strong current. You efforts will be futile.
So what are these three major blocks to making money?
1. FEAR OF MAKING MONEY
This is the big one. You might be shocked at how fearful you are of success and a lot of money, even if you want it badly! Introspect for a second. What comes with making money and achieving success? Responsibility? Attention? A shift from what you know and are used to? Being treated differently? What else? As you slowly and deliberately think about the things that money bring, how do you feel about them? Is there a touch of discomfort perhaps with one or more of these things?
Lets take responsibility for instance. You get a lot of money; you have to worry about managing it, taking care of those close to you who would not have otherwise looked to you for support (not that you don't want to help but just the thought of the added responsibility). Remember, with all this money, people are looking at you!
You will also meet new people, people out of your usual circle. You get out of your 'comfort zone'. For those looking for true love, do you fear "gold diggers" may come looking for a bounty? Do you feel like a target? Does all of this make you feel uncomfortable on the inside at some level?
The stimuli are money and success and the programmed response is fear. This is programmed from what you have seen and heard. All this is run by your subconscious mind, which has your experiences stored in its infinitely large database. After fear, the secondary response may be procrastination from taking action to generate this money, or listing of excuse after excuse as to why 'it won't work'. You may also be prone to seeing 'difficulty instead of opportunities'. The list is endless. Fear may also come in the form of fear of failure, which results in anger, frustration and desperation. Think about this. Would you buy from a relaxed confident sales man or a desperate salesman? We all know how annoying, desperate salesmen could be.
The self-saboteur in you will operate under the radar without you noticing a lot of times. With 95% of the vote, your subconscious mind runs the show.
2. FEELINGS OF LACK AND UNWORTHINESS
Feelings of inadequacy hold back too many people from too many accomplishments. When you sit around people with money and success, how do you feel? Do you feel... unworthy? Do you start thinking about what you don't have? What you haven't accomplished? Do you feel like a lesser being, a failure? Do you feel poor? Other people pick these 'vibes' and respond to them. How many times have you seen or heard of people getting promoted simply because they 'acted the part'? This is where the phrase 'Fake it till you make it' comes from. When you feel wealthy and successful, you will act wealthy and successful. Eventually, you will be wealthy successful. It is not the other way round. This is called the 'Be-Do-Have Principle'. You have to be wealthy (feel), do the things that make you wealthy (action) and eventually have wealth.
So again the stimuli are making money and achieving success, the programmed response is 'I'm not worthy'; 'I'm a failure'. The secondary response is lack of confidence, lack of enthusiasm and lack of creativity. Your actions will be a result of these self-defeating assertions and of course the eventuality is failure, no matter how much you want success.
3. ASSOCIATING 'MAKING MONEY' WITH NEGATIVITY
Here is a good test that I have also done. Look for a picture of stacks of cash. What thoughts come to mind? Bank robbery? Drug dealers? Criminal dealings? Greed? Do you have some feelings of repulsion perhaps? What do you think of rich people? Do you think they have bad attitudes? Are they snobs?
When I first did this test, I thought of a bank robbers and drug dealers in movies. This is what I have been exposed to growing up. This is what my mind has been fed. Such a lot of money was always associated with something negative. Things that come to mind may include stories you have heard about lives ruined and families torn apart after making a lot of money. What all this is saying to you is 'MONEY IS BAD!" All this is stored in your subconscious mind. Again, the stimulus is making lots of money, and the programmed response is, ruined lives, torn families, changed person etc. If its something you find undesirable, your subconscious mind will go to work to 'protect you' from it.
LET GO OF THE BLOCKS AND START MAKING MONEY
If the subconscious mind was programmed to block money, you need to reprogram it to allow you to make money.
This is how you can do that...
Affirmations - Repetitive input of negativity led to it being perceived as reality by your subconscious mind. To reverse this, you need to repeat positive affirmations to yourself about yourself and your environment until the programming changes. You can also get recorded affirmations that you can listen to daily. Even if you don't concentrate on them, they still slowly shift the subconscious programming.
Gratitude - Gratitude creates a paradigm shift. By being grateful for what you have, you take away the feeling of lack. You can't feel successful and feel lack at the same time
Surround yourself with positive people - This is self-explanatory. Negative people feed you negativity and positive people give you the right 'programming'.
Emotional Freedom Technique - I strongly recommend this. It is often called 'awake hypnosis'. It is an acupressure technique that combines affirmations and tapping of bio-energy meridians of the body to reset bioenergy and reprogram your subconscious. It's very simple. I would recommend reading on this first so you are fully aware of what it is.
Take charge of your subconscious programming, your life and start making money!!!
Article Source: http://EzineArticles.com/7747879
Saturday, 1 June 2013
How to get RICH
Cash is king!
This aphorism from real estate investing perfectly describes the little known method the rich actually use to accumulate millions of dollars. This report reveals 20 sources of passive income. Put any or all of these sources into place and sit back and watch the dollars roll on with no (or very little) further effort on your part.
If you truly want to get rich and live a life of luxury, then you must master the ability of generating cash flow from passive income sources. Without this ability, your income will be limited to traditional ways of making money, such as working. Working will never free you from having to work. You must do something different than working in order to obtain the income you need to live the lifestyle you desire. Passive income is the key.
Before you begin any investment plan, the first rule is to consult with a qualified investment advisor. By talking over your plan and considering possibilities you may not have considered, you will protect your capital to the greatest degree and help protect it from potential loss whiule multiplying your return.
This article will not consider the cost of entry to any investment nor will we look at rates of return. These will fluctuate - possibly every year or even over the course of a year- depending on the economy, conditions set by the SEC and other regulatory bodies and the IRS. This article will consider only the 20 possible sources of passive income; you will need to conduct further research to determine if any investment is appropriate for you.
1. ETF's - Exchange Traded Funds - This is a fund that tracks the performance of an index such as the Dow Jones or Standard and Poor 500, a basket of assets or a commodity. Trading in the same manner as a stock, its price will vary according to the days trading demands. Benefits of owning an ETF include the ability to buy short, buy on margin and to buy as little as one share. Expense ratios are often lower than mutual funds. A common ETF is called a spider - SPDR - and tracks the S&P 500 index. Look for the symbol SPY to research or to purchase.
2. REIT - Real Estate Investment Trust - One of my favorite investments because you own a portion of the real estate (or mortgages) the trust invests in. These also trade like a stock on the exchanges. An Equity REIT buys ownership (equity) in properties while a Mortgage REIT buys the mortgages on properties. Two key advantages to owning an REIT are the tax advantages and the liquidity of the security - you trade it just like a stock.
3. Canadian Oil and Gas Trust - This is an organization that invests in oil and/or gas production and possibly mining in Canada. Several of these are now trading on the American (US) exchanges. Purchase is the same as purchasing a stock in any other company. Tax advantages are similar to those of an REIT and a big advantage - the one I like the most - is that some of these trusts pay ridiculously high dividends - and they pay monthly! My advice: do your research, find a Canadian Oil and Gas Trust you like and then invest as much as you can.
4. MLP - Master Limited Partnership - Want a limited partnership that you can sell or trade as easily as a stock? Enter the Master Limited Partnership. These hybrid organizations feature the limited liability of a partnership while enabling you to trade the partnership units - investment units - just as you would a stock. What could be better? A MLP offers distributable cash flow as well as income and these terms must be mastered and understood before a reasoned decision can be made regarding the purchase of an MLP for your investment portfolio.
5. Annuities - Who has not heard of an annuity? But do you know how they work? Let's keep this simple: an annuity is nothing more than a contract you sign with an insurance company that guarantees to pay you a certain set amount of income over a period of time. You pay for an annuity upon signing and then the insurance company repays you the amount of your investment plus the "profits" (we'll keep this simple and not use the technical term) over a period of several (or many) years. These are generally considered safe stable investments appropriate for a conservative portfolio.
6. TIPS - Treasury Inflation-Protected Securities - Offered by the U.S Treasury, these are securities that are indexed to the rate of inflation meaning your dividend will increase as the rate of inflation increases. A TIPS pays interest every six months and pays the principal upon maturity. Also a conservative investment, you may want to consider these if you are looking to preserve and protect capital from the ravages of inflation while providing a consistent and dependable income, but your money may not grow at the rate you would prefer - but then we aren't looking at capital appreciation anyway.
7. Dividend Paying Stocks - Finally we get to what is perhaps the most familiar method of passive income. Anyone who knows anything about Wall Street knows that companies pay dividends to people who own their stock. Right? Well, most of the time, if it is a well known and established company. Many newer and smaller companies will use their income to grow the company instead of paying dividends and any company that incurs financial trouble may stop paying dividends. So if you are going to buy stock to acquire the income make sure the company has a track record of paying dividends. The best known American companies - commonly referred to as the "Blue Chips" are also the companies that traditionally have paid the best dividends. As with all other investments, research is necessary to capture the best dividends and target those companies with the best potential in future years.
8. Covered Calls - This is a passive investment instrument that is often considered risky. But it is not. A covered call is selling the option to buy stock that you own. You do not sell the stock, you only sell the option to buy that stock at a future price and time. The person buying the covered call buys the option at the price you agree upon - actually at which the market agrees upon - and you just set back and forget it. Well, not quite. The person who has bought the option has the right to buy your stock at any time between the time you sold the option and the expiration of that option. Writing (selling) a covered call is the only options investment that is considered safe enough by the IRS to be included in a 401K or other retirement plans. But you must do your homework and thoroughly understand the world of options before using this method.
9. Real Estate - Everyone knows what real estate is and everyone knows - or at least is intuitively aware - that big money can be made from real estate. Real estate provides tax advantages as well as the opportunity to highly leverage your investment - leverage being a factor that is limited or absent in many other investments. Many real estate advisors and gurus insist that the one house at a time or the flipper strategy or fixer upper or wholesale method or other flavor of the month is the absolute best way to make money in real estate. Generally speaking, avoid all that. Making big money - meaning massive income - in real estate is possible with highly leveraged deals which are a certainty only in commercial property. Multiple family properties, office buildings, retail facilities and warehouses would all constitute commercial property. Of these, the best strategy is to invest in multiple family properties. The bigger, the better. This requires knowledge and education more than it requires capital. Capital can always be acquired through your network, but knowledge is the one ingredient that will make this passive investment method work. And, with a big property, the income from that one property may be all you need to secure your retirement - today!
10. Business Ownership - No, this isn't what you think. Owning a small business for most people is worse than working 9 to 5. In your own small business you get caught up in the details, trying to make the business go, searching for a market, dealing with customers; it quickly becomes more than a full-time job. That's OK if that's what you love to do. But, what we mean here is starting a business or franchise with the short term goal of handing it off to someone to run. The faster you can do this the better. If you can do it from the very beginning so much the better - the more time you free for yourself, the more time you will have to enjoy and/or create more passive income sources. A book that will help you is The E-Myth Revisited by Michael Gerber, another is the Four Hour Workweek by Timothy Ferris. Both of these books will help you structure your business ownership in a way that frees you from actually running the business yourself - margaritas on the beach anybody?
All of these sources require work to set up, but once established, they can be structured to run hands free. The two books mentioned in item 10 above will help you structure your passive income sources to be truly hands free income.
11. Private Lending - Private lending has been around since people have been around. Essentially private lending is nothing more than lending out some of your excess cash to a trustworthy person who needs it. This has not always been easy or fruitful for the person who has had money they wanted to invest. As a result, several online services are now available that will accept your money and distribute it under your direction to those you feel are qualified; search for person to person lending on the major search engines to identify organizations you can use. The primary benefit of private lending is that the interest rates are often much higher than you would obtain by parking your money in a CD or bank.
12. Tax Liens and Notes - A primary benefit of tax liens is the higher interest rate you receive on your investment plus the fact that your principal is backed by real estate. Please note that you will almost never receive the property from investing in tax deeds, liens or notes; the primary benefit is the favorable interest rate and the security resulting from a real estate backed transaction. Avoid organizations that suggest you will be receiving the property the tax instrument is against. Another benefit of this type of passive income is that you can invest online from almost any state in the country - be sure to review Texas tax deeds, interest can be as high as 50% annually in some cases.
13. Bonds - Ok, you know about bonds - they are a conservative investment for old people and people afraid of the stock market right? Wrong. A bond can provide a secure and stable source of income for anyone. By definition, a bond is a debt issued by an authorized organization - often a corporation, municipality or utility. A bond sells for the issue price, matures (is paid back to you) at the principal (face amount or nominal price) and in between you collect interest that is called the coupon rate. Bonds are often purchased in the form of mutual fund bond funds. Some of these can be very lucrative with a yield exceeding that of equity funds but these are often hard to find. But they are there!
14. Mutual Funds (Income Funds) - As we are only considering sources of passive income, we are only going to look at income mutual funds. These may be called "growth and income" funds or "income" funds or "value" funds. Nearly every mutual fund family will have their own set of income or growth and income funds. Morningstar and other services provide third party ratings that you can use to identify the safest and highest paying income funds. Invest wisely and always consult a qualified investment advisor before investing. Mutual funds are also required to send you a prospectus (a formal disclosure of the funds objectives and operating guidelines) for your review before you can invest. Review the prospectus carefully and consult with your financial advisor for terminology you may not understand.
15. T-Bills, T-Bonds & T-Notes - Treasury Bills, Treasury Bonds and Treasury Notes - Considered to be the safest of all investments because they are issued by the United States Treasury Department, these vehicles are also among the lowest yielding. But you sacrifice yield for security whenever you invest. T-Bills, Bonds and Notes are most often purchased through your bank, broker or they may be purchased directly from the US Treasury Department through their Treasury Direct online service. Although you will not receive a high rate of return, the security of your investment cannot be any higher than it is with these investments.
16. Unit Investment Trust - A Unit Investment Trust is one of three different types of investment companies, the others being a closed end fund and the familiar mutual fund. UIT's offer securities in the form of "units" that represent a unit of their investment portfolio. This portfolio is often an unmanaged portfolio consisting of stocks and bonds. Units are usually sold in amounts of $1,000 and investors or "unit holders" receive dividends from the units they hold. A unique feature of a UIT is its termination date. Unlike most other corporations and investment company organizations, which exist in perpetuity, a UIT has a defined termination date which is set upon inception. When this date arrives the UIT is terminated and the assets held are sold. The proceeds from this sale are then distributed to the unit holders.
17. Preferred Stock - A Preferred Stock is a security issued by a corporation that usually features a specific dividend rate. Preferred stock usually does not have voting rights except sometimes in extraordinary events. Preferred stock also receives priority over common stock holders when dividends are distributed - preferred stock holders must be paid first. And preferred stock holders also receive preference if the company is ever dissolved. Your rate of return with preferred stock may not be high, but the security of your investment is higher than with more risky investments.
18. Corporate Backed Trust Securities (CABCO) - Also known as Corporate Asset-Backed Securities, these investments are issued by corporations and are based on a pool of underlying assets. The cash flow from these assets provide the dividend payments made to the holders of the security. The asset pool can consist of almost any type of asset which provides a cash flow. Usually sold initially to a market maker type organization such as an investment bank, these securities may be resold to the general public by the broker. Contact your broker for more information on these types of investments.
19. Music Publishing - You don't know about music publishing? The artist may get the glory (and often the money) but the publisher Always gets the money. If you own the rights to a song or sheet music you are the publisher and you get paid whenever that song is played or performed in public. Although the current rate is only 8 cents (US) per "performance" think of all the radio stations, bars and clubs in the country where your song may be being played right now. Yes, bars and restaurants must pay you whenever your song is played in their establishment. You don't have to worry about going around to each bar, hotel lobby or elevator or restaurant (More places!) in the country to collect your eight cents - this is handled by any one (or some combination) of just three organizations which pretty much manage all music throughout the world - ASCAP, BMI and for the internet SoundExchange. Yes, you do need to register with these organizations so they know where to send your checks, but this can be a very lucrative source of passive income.
20. Copyrights, Patents and Licenses - If you are an author you get paid every time a book of yours is sold. Ok, this is obvious, but you can also republish public domain material under a new copyright if you change it by at least 20% or add at least 20% more material to it. The easy part (some would say not easy) is the writing of the book itself. The hard part is getting other people to buy it, that involves marketing which is beyond the scope of this article, but if you can get a bestseller on your hands, the royalties (payments you receive from being the copyright holder) received can be very high.
A patent is an innovation (process) or invention (thing). You get paid when the item represented by the patent is used or sold by some other organization or the public. The patent protects your right to exclusive ownership of that process or invention for a certain amount of time.
A license is also possible to sell to the market. What if you know a particular process or procedure that no one else does? Can you sell this knowledge? Yes, you can. And the way to do it is to license an organization to use your knowledge in the form of a process or procedure. Check out inventright.com for a guide on how to do this.
Bonus
21. Movie & Other Obscure Investments - We live in a dynamic world and there will always be investment vehicles being conceived for a need. Also, more obscure investments are available but generally are unknown outside of their particular industry. Movie investments are one of these. Movies often need financiers ready to fund the production of the movie project. When the movie is released to the public and begins to make money the financiers receive their capital and return on investment. This can be a good way to make a lot of money if you back a blockbuster or a good way to lose a lot of money - look at how many movies do poorly. Do not invest in this vehicle unless you are an industry insider.
Other obscure investments include exploration financing, water rights, coal leases, limited partnerships, commercials and commercial funding (yes, tv commercials and infomercials), receivables financing, sports team ownership, etc, etc, etc. If you have an interest in investing in any of these areas you need to find someone with excellent knowledge of the field and with a good track in investing in that industry. Consult with them intensely allowing them to guide your investment decisions. Generally, the best policy is to invest only in those areas where you are familiar and never, never invest more than you can afford to lose.
Summary
Passive income investing is the key to securing income. Income is cash flow. Cash flow is king. You cannot invest future income or a projected return or an eventual equity position; you can only invest the cash you have on hand today. Likewise, you cannot pay bills or buy groceries or pay the mortgage or tax man with anything other than cash or credit. A projected return or equity position will not pay today's bills or put food on the table. Capital appreciation is great - for tomorrow. I prefer cash in hand today. The more cash flow you have coming in now, the greater that tomorrow will be. Guaranteed!
This aphorism from real estate investing perfectly describes the little known method the rich actually use to accumulate millions of dollars. This report reveals 20 sources of passive income. Put any or all of these sources into place and sit back and watch the dollars roll on with no (or very little) further effort on your part.
If you truly want to get rich and live a life of luxury, then you must master the ability of generating cash flow from passive income sources. Without this ability, your income will be limited to traditional ways of making money, such as working. Working will never free you from having to work. You must do something different than working in order to obtain the income you need to live the lifestyle you desire. Passive income is the key.
Before you begin any investment plan, the first rule is to consult with a qualified investment advisor. By talking over your plan and considering possibilities you may not have considered, you will protect your capital to the greatest degree and help protect it from potential loss whiule multiplying your return.
This article will not consider the cost of entry to any investment nor will we look at rates of return. These will fluctuate - possibly every year or even over the course of a year- depending on the economy, conditions set by the SEC and other regulatory bodies and the IRS. This article will consider only the 20 possible sources of passive income; you will need to conduct further research to determine if any investment is appropriate for you.
1. ETF's - Exchange Traded Funds - This is a fund that tracks the performance of an index such as the Dow Jones or Standard and Poor 500, a basket of assets or a commodity. Trading in the same manner as a stock, its price will vary according to the days trading demands. Benefits of owning an ETF include the ability to buy short, buy on margin and to buy as little as one share. Expense ratios are often lower than mutual funds. A common ETF is called a spider - SPDR - and tracks the S&P 500 index. Look for the symbol SPY to research or to purchase.
2. REIT - Real Estate Investment Trust - One of my favorite investments because you own a portion of the real estate (or mortgages) the trust invests in. These also trade like a stock on the exchanges. An Equity REIT buys ownership (equity) in properties while a Mortgage REIT buys the mortgages on properties. Two key advantages to owning an REIT are the tax advantages and the liquidity of the security - you trade it just like a stock.
3. Canadian Oil and Gas Trust - This is an organization that invests in oil and/or gas production and possibly mining in Canada. Several of these are now trading on the American (US) exchanges. Purchase is the same as purchasing a stock in any other company. Tax advantages are similar to those of an REIT and a big advantage - the one I like the most - is that some of these trusts pay ridiculously high dividends - and they pay monthly! My advice: do your research, find a Canadian Oil and Gas Trust you like and then invest as much as you can.
4. MLP - Master Limited Partnership - Want a limited partnership that you can sell or trade as easily as a stock? Enter the Master Limited Partnership. These hybrid organizations feature the limited liability of a partnership while enabling you to trade the partnership units - investment units - just as you would a stock. What could be better? A MLP offers distributable cash flow as well as income and these terms must be mastered and understood before a reasoned decision can be made regarding the purchase of an MLP for your investment portfolio.
5. Annuities - Who has not heard of an annuity? But do you know how they work? Let's keep this simple: an annuity is nothing more than a contract you sign with an insurance company that guarantees to pay you a certain set amount of income over a period of time. You pay for an annuity upon signing and then the insurance company repays you the amount of your investment plus the "profits" (we'll keep this simple and not use the technical term) over a period of several (or many) years. These are generally considered safe stable investments appropriate for a conservative portfolio.
6. TIPS - Treasury Inflation-Protected Securities - Offered by the U.S Treasury, these are securities that are indexed to the rate of inflation meaning your dividend will increase as the rate of inflation increases. A TIPS pays interest every six months and pays the principal upon maturity. Also a conservative investment, you may want to consider these if you are looking to preserve and protect capital from the ravages of inflation while providing a consistent and dependable income, but your money may not grow at the rate you would prefer - but then we aren't looking at capital appreciation anyway.
7. Dividend Paying Stocks - Finally we get to what is perhaps the most familiar method of passive income. Anyone who knows anything about Wall Street knows that companies pay dividends to people who own their stock. Right? Well, most of the time, if it is a well known and established company. Many newer and smaller companies will use their income to grow the company instead of paying dividends and any company that incurs financial trouble may stop paying dividends. So if you are going to buy stock to acquire the income make sure the company has a track record of paying dividends. The best known American companies - commonly referred to as the "Blue Chips" are also the companies that traditionally have paid the best dividends. As with all other investments, research is necessary to capture the best dividends and target those companies with the best potential in future years.
8. Covered Calls - This is a passive investment instrument that is often considered risky. But it is not. A covered call is selling the option to buy stock that you own. You do not sell the stock, you only sell the option to buy that stock at a future price and time. The person buying the covered call buys the option at the price you agree upon - actually at which the market agrees upon - and you just set back and forget it. Well, not quite. The person who has bought the option has the right to buy your stock at any time between the time you sold the option and the expiration of that option. Writing (selling) a covered call is the only options investment that is considered safe enough by the IRS to be included in a 401K or other retirement plans. But you must do your homework and thoroughly understand the world of options before using this method.
9. Real Estate - Everyone knows what real estate is and everyone knows - or at least is intuitively aware - that big money can be made from real estate. Real estate provides tax advantages as well as the opportunity to highly leverage your investment - leverage being a factor that is limited or absent in many other investments. Many real estate advisors and gurus insist that the one house at a time or the flipper strategy or fixer upper or wholesale method or other flavor of the month is the absolute best way to make money in real estate. Generally speaking, avoid all that. Making big money - meaning massive income - in real estate is possible with highly leveraged deals which are a certainty only in commercial property. Multiple family properties, office buildings, retail facilities and warehouses would all constitute commercial property. Of these, the best strategy is to invest in multiple family properties. The bigger, the better. This requires knowledge and education more than it requires capital. Capital can always be acquired through your network, but knowledge is the one ingredient that will make this passive investment method work. And, with a big property, the income from that one property may be all you need to secure your retirement - today!
10. Business Ownership - No, this isn't what you think. Owning a small business for most people is worse than working 9 to 5. In your own small business you get caught up in the details, trying to make the business go, searching for a market, dealing with customers; it quickly becomes more than a full-time job. That's OK if that's what you love to do. But, what we mean here is starting a business or franchise with the short term goal of handing it off to someone to run. The faster you can do this the better. If you can do it from the very beginning so much the better - the more time you free for yourself, the more time you will have to enjoy and/or create more passive income sources. A book that will help you is The E-Myth Revisited by Michael Gerber, another is the Four Hour Workweek by Timothy Ferris. Both of these books will help you structure your business ownership in a way that frees you from actually running the business yourself - margaritas on the beach anybody?
All of these sources require work to set up, but once established, they can be structured to run hands free. The two books mentioned in item 10 above will help you structure your passive income sources to be truly hands free income.
11. Private Lending - Private lending has been around since people have been around. Essentially private lending is nothing more than lending out some of your excess cash to a trustworthy person who needs it. This has not always been easy or fruitful for the person who has had money they wanted to invest. As a result, several online services are now available that will accept your money and distribute it under your direction to those you feel are qualified; search for person to person lending on the major search engines to identify organizations you can use. The primary benefit of private lending is that the interest rates are often much higher than you would obtain by parking your money in a CD or bank.
12. Tax Liens and Notes - A primary benefit of tax liens is the higher interest rate you receive on your investment plus the fact that your principal is backed by real estate. Please note that you will almost never receive the property from investing in tax deeds, liens or notes; the primary benefit is the favorable interest rate and the security resulting from a real estate backed transaction. Avoid organizations that suggest you will be receiving the property the tax instrument is against. Another benefit of this type of passive income is that you can invest online from almost any state in the country - be sure to review Texas tax deeds, interest can be as high as 50% annually in some cases.
13. Bonds - Ok, you know about bonds - they are a conservative investment for old people and people afraid of the stock market right? Wrong. A bond can provide a secure and stable source of income for anyone. By definition, a bond is a debt issued by an authorized organization - often a corporation, municipality or utility. A bond sells for the issue price, matures (is paid back to you) at the principal (face amount or nominal price) and in between you collect interest that is called the coupon rate. Bonds are often purchased in the form of mutual fund bond funds. Some of these can be very lucrative with a yield exceeding that of equity funds but these are often hard to find. But they are there!
14. Mutual Funds (Income Funds) - As we are only considering sources of passive income, we are only going to look at income mutual funds. These may be called "growth and income" funds or "income" funds or "value" funds. Nearly every mutual fund family will have their own set of income or growth and income funds. Morningstar and other services provide third party ratings that you can use to identify the safest and highest paying income funds. Invest wisely and always consult a qualified investment advisor before investing. Mutual funds are also required to send you a prospectus (a formal disclosure of the funds objectives and operating guidelines) for your review before you can invest. Review the prospectus carefully and consult with your financial advisor for terminology you may not understand.
15. T-Bills, T-Bonds & T-Notes - Treasury Bills, Treasury Bonds and Treasury Notes - Considered to be the safest of all investments because they are issued by the United States Treasury Department, these vehicles are also among the lowest yielding. But you sacrifice yield for security whenever you invest. T-Bills, Bonds and Notes are most often purchased through your bank, broker or they may be purchased directly from the US Treasury Department through their Treasury Direct online service. Although you will not receive a high rate of return, the security of your investment cannot be any higher than it is with these investments.
16. Unit Investment Trust - A Unit Investment Trust is one of three different types of investment companies, the others being a closed end fund and the familiar mutual fund. UIT's offer securities in the form of "units" that represent a unit of their investment portfolio. This portfolio is often an unmanaged portfolio consisting of stocks and bonds. Units are usually sold in amounts of $1,000 and investors or "unit holders" receive dividends from the units they hold. A unique feature of a UIT is its termination date. Unlike most other corporations and investment company organizations, which exist in perpetuity, a UIT has a defined termination date which is set upon inception. When this date arrives the UIT is terminated and the assets held are sold. The proceeds from this sale are then distributed to the unit holders.
17. Preferred Stock - A Preferred Stock is a security issued by a corporation that usually features a specific dividend rate. Preferred stock usually does not have voting rights except sometimes in extraordinary events. Preferred stock also receives priority over common stock holders when dividends are distributed - preferred stock holders must be paid first. And preferred stock holders also receive preference if the company is ever dissolved. Your rate of return with preferred stock may not be high, but the security of your investment is higher than with more risky investments.
18. Corporate Backed Trust Securities (CABCO) - Also known as Corporate Asset-Backed Securities, these investments are issued by corporations and are based on a pool of underlying assets. The cash flow from these assets provide the dividend payments made to the holders of the security. The asset pool can consist of almost any type of asset which provides a cash flow. Usually sold initially to a market maker type organization such as an investment bank, these securities may be resold to the general public by the broker. Contact your broker for more information on these types of investments.
19. Music Publishing - You don't know about music publishing? The artist may get the glory (and often the money) but the publisher Always gets the money. If you own the rights to a song or sheet music you are the publisher and you get paid whenever that song is played or performed in public. Although the current rate is only 8 cents (US) per "performance" think of all the radio stations, bars and clubs in the country where your song may be being played right now. Yes, bars and restaurants must pay you whenever your song is played in their establishment. You don't have to worry about going around to each bar, hotel lobby or elevator or restaurant (More places!) in the country to collect your eight cents - this is handled by any one (or some combination) of just three organizations which pretty much manage all music throughout the world - ASCAP, BMI and for the internet SoundExchange. Yes, you do need to register with these organizations so they know where to send your checks, but this can be a very lucrative source of passive income.
20. Copyrights, Patents and Licenses - If you are an author you get paid every time a book of yours is sold. Ok, this is obvious, but you can also republish public domain material under a new copyright if you change it by at least 20% or add at least 20% more material to it. The easy part (some would say not easy) is the writing of the book itself. The hard part is getting other people to buy it, that involves marketing which is beyond the scope of this article, but if you can get a bestseller on your hands, the royalties (payments you receive from being the copyright holder) received can be very high.
A patent is an innovation (process) or invention (thing). You get paid when the item represented by the patent is used or sold by some other organization or the public. The patent protects your right to exclusive ownership of that process or invention for a certain amount of time.
A license is also possible to sell to the market. What if you know a particular process or procedure that no one else does? Can you sell this knowledge? Yes, you can. And the way to do it is to license an organization to use your knowledge in the form of a process or procedure. Check out inventright.com for a guide on how to do this.
Bonus
21. Movie & Other Obscure Investments - We live in a dynamic world and there will always be investment vehicles being conceived for a need. Also, more obscure investments are available but generally are unknown outside of their particular industry. Movie investments are one of these. Movies often need financiers ready to fund the production of the movie project. When the movie is released to the public and begins to make money the financiers receive their capital and return on investment. This can be a good way to make a lot of money if you back a blockbuster or a good way to lose a lot of money - look at how many movies do poorly. Do not invest in this vehicle unless you are an industry insider.
Other obscure investments include exploration financing, water rights, coal leases, limited partnerships, commercials and commercial funding (yes, tv commercials and infomercials), receivables financing, sports team ownership, etc, etc, etc. If you have an interest in investing in any of these areas you need to find someone with excellent knowledge of the field and with a good track in investing in that industry. Consult with them intensely allowing them to guide your investment decisions. Generally, the best policy is to invest only in those areas where you are familiar and never, never invest more than you can afford to lose.
Summary
Passive income investing is the key to securing income. Income is cash flow. Cash flow is king. You cannot invest future income or a projected return or an eventual equity position; you can only invest the cash you have on hand today. Likewise, you cannot pay bills or buy groceries or pay the mortgage or tax man with anything other than cash or credit. A projected return or equity position will not pay today's bills or put food on the table. Capital appreciation is great - for tomorrow. I prefer cash in hand today. The more cash flow you have coming in now, the greater that tomorrow will be. Guaranteed!
Article Source: http://EzineArticles.com/1411592
Monday, 25 March 2013
Give With Your Heart!
If you had to measure your giving last week what would be the total? I don't mean financial giving but the total areas of your life where you could stretch and give things like your time, talent, self, ideas, help, guidance, friendship, and love. For some it's high, for others it's low and for the rest it may be barely in the middle.
In a society of ME we often forget about others and too many times we equate giving with dollars. Last week, a friend's aunt passed away and I said, "if there's anything I can do please let me know" a simple phrase that we say often but do we really mean it? The friend called later in the week to ask if I could provide a ride to the airport. I cringed. It was raining horribly and I didn't want too. Remember, I did say, let me know if there is anything I can do. (I wonder if God cringes when we ask for help?)
While in the middle of my dilemma, a colleague called for some assistance on a project (giving my talent). I mentioned a friend had a family death and needed a ride to the airport. I don't want to go, even though I did offer my help. My colleague replied, "the worst thing you can do is offering to help someone if it's not going to build your business." I was stunned especially after I'd spent countless hours assisting this colleague with a project that would not benefit me at all. I thought wow how selfish and my heart was convicted. I immediately got in my car to take my friend to the airport and I was glad to be in a position to do it. I prayed for the family and safe travels.
When we give of our time, talent, self, money, ideas, help, guidance, friendship, and love;
WE receive abundantly! When we give with our head it's easy not to give at all because we can think our way out of giving. That's what we do when we haphazardly offer to do things but we really don't mean it or even if we do mean it at the time we don't really expect people to take us up on it. When they do take us up on it we try to think (head) our way out of it.
When we give with our hands it's easy to take it back. We cancel commitments all the time; we take back that in which we've given way more than we should consciously and unconsciously. We take (hand) back our love, we take (hand) back our friendship, and we take (hand) back our assistance. We control our giving by taking it back and the moment we do we block our blessing and the ability to be a blessing to someone else.
Giving with our head and hand will keep us on the low-end of the giving spectrum. But when we give with our heart amazing things happen. When we give with our heart we give genuinely and not out of obligation. When we give with our heart we give in agape love which is selfless, sacrificial and unconditional and when we give with our heart it allows us to give more time, talent, self, money, ideas, help, guidance, friendship, and love. Let's be genuine, faithful, agape heart-givers this week and increase our giving and watch how we are abundantly blessed in our own areas of need while we bless others.
In a society of ME we often forget about others and too many times we equate giving with dollars. Last week, a friend's aunt passed away and I said, "if there's anything I can do please let me know" a simple phrase that we say often but do we really mean it? The friend called later in the week to ask if I could provide a ride to the airport. I cringed. It was raining horribly and I didn't want too. Remember, I did say, let me know if there is anything I can do. (I wonder if God cringes when we ask for help?)
While in the middle of my dilemma, a colleague called for some assistance on a project (giving my talent). I mentioned a friend had a family death and needed a ride to the airport. I don't want to go, even though I did offer my help. My colleague replied, "the worst thing you can do is offering to help someone if it's not going to build your business." I was stunned especially after I'd spent countless hours assisting this colleague with a project that would not benefit me at all. I thought wow how selfish and my heart was convicted. I immediately got in my car to take my friend to the airport and I was glad to be in a position to do it. I prayed for the family and safe travels.
When we give of our time, talent, self, money, ideas, help, guidance, friendship, and love;
WE receive abundantly! When we give with our head it's easy not to give at all because we can think our way out of giving. That's what we do when we haphazardly offer to do things but we really don't mean it or even if we do mean it at the time we don't really expect people to take us up on it. When they do take us up on it we try to think (head) our way out of it.
When we give with our hands it's easy to take it back. We cancel commitments all the time; we take back that in which we've given way more than we should consciously and unconsciously. We take (hand) back our love, we take (hand) back our friendship, and we take (hand) back our assistance. We control our giving by taking it back and the moment we do we block our blessing and the ability to be a blessing to someone else.
Giving with our head and hand will keep us on the low-end of the giving spectrum. But when we give with our heart amazing things happen. When we give with our heart we give genuinely and not out of obligation. When we give with our heart we give in agape love which is selfless, sacrificial and unconditional and when we give with our heart it allows us to give more time, talent, self, money, ideas, help, guidance, friendship, and love. Let's be genuine, faithful, agape heart-givers this week and increase our giving and watch how we are abundantly blessed in our own areas of need while we bless others.
Dr. Taunya A. Lowe is the CEO of The Resurgent Group of Metro Atlanta, LLC and The Impact Experience, LLC, a human services and leadership development consulting firm located outside Atlanta, GA. Dr. Lowe is a speaker, trainer, coach, with the John Maxwell Team, a professor and entrepreneur. She is a skilled change agent with a focus on developing people and organizations. She enjoys combining her photography and writing to motivate, inspire and lead people toward growth and change.
Article Source: http://EzineArticles.com/7512783
Sunday, 17 March 2013
Secrets to Being Rich - It's Not All About Money
Though there is no real secret to being rich. The fact that many people do not understand what it takes makes it seem hidden. People really believe that only a few people in the world know what it takes to be rich. Therefore, if this is true, what do those few people know about being rich?
The first thing that rich people know about being rich is that it is not all about the money. They understand that being rich is not about making and saving as much possible. They are aware that accumulating wealth consists of more than just working hard.
The next thing that rich people know about being rich is that they must first be happy with who they are. They do not base their happiness on how much money they have. Instead, they decide to be happy and the money they need follows.
Another thing that people who are rich understand is that they must be happy with what they do for a living. Yes, they could make a lot of money doing something they would rather not do. However, their money would not last long for they may spend it all in sorrow. Therefore, they work in a place where they can be happy. This way they are happy before they ever receive a paycheck.
Being rich has a lot to do with a person's education. People who are rich understand a good amount about how the world works. They understand a good deal about the importance of learning and continuing to build their knowledge as life goes on. With that, they also have a good knowledge of the importance of knowing how to manage their money.
A very important thing the rich people understand is that their health plays a role in their wealth. Therefore, they do their best to keep themselves in shape. This keeps them from having to spend money on doctor bills or medicines. This also keeps them from having to miss days at work or time away from doing the things they enjoy.
As you can see, people who are rich understand that in order to be rich outwardly, they must first be rich inwardly. Therefore, let us all be happy with ourselves and what we do for a living. Let us continue to grow in what we know and stay healthy as we stay happy. In turn, may the things we need continually follow as we become rich on the inside and outside.
The first thing that rich people know about being rich is that it is not all about the money. They understand that being rich is not about making and saving as much possible. They are aware that accumulating wealth consists of more than just working hard.
The next thing that rich people know about being rich is that they must first be happy with who they are. They do not base their happiness on how much money they have. Instead, they decide to be happy and the money they need follows.
Another thing that people who are rich understand is that they must be happy with what they do for a living. Yes, they could make a lot of money doing something they would rather not do. However, their money would not last long for they may spend it all in sorrow. Therefore, they work in a place where they can be happy. This way they are happy before they ever receive a paycheck.
Being rich has a lot to do with a person's education. People who are rich understand a good amount about how the world works. They understand a good deal about the importance of learning and continuing to build their knowledge as life goes on. With that, they also have a good knowledge of the importance of knowing how to manage their money.
A very important thing the rich people understand is that their health plays a role in their wealth. Therefore, they do their best to keep themselves in shape. This keeps them from having to spend money on doctor bills or medicines. This also keeps them from having to miss days at work or time away from doing the things they enjoy.
As you can see, people who are rich understand that in order to be rich outwardly, they must first be rich inwardly. Therefore, let us all be happy with ourselves and what we do for a living. Let us continue to grow in what we know and stay healthy as we stay happy. In turn, may the things we need continually follow as we become rich on the inside and outside.
Article Source: http://EzineArticles.com/7516800
How to Put the Law of Attraction in Action: Three Steps Towards the Abundance Mindset
How Does the Law of Attraction in Action Become Law of Creation?
Who isn't intrigued with the law of attraction in action? There are so many miracle stories behind this concept, and who among us doesn't want to be the next miracle story?
But there's something else... something most of us are missing. It has to do with the three phases of transition from law of attraction in action to law of creation, so I'd like to pass it along to you...
In theory, the law of attraction works. However, there are stipulations that must be met, as it's really not all that simple. For example, consider going out to your garden and looking at it and saying over and over to yourself, "there's no weeds, there's no weeds, there's no weeds, there's no weeds"... will the weeds disappear? NO!
Sorry to disappoint you, but the law of attraction, although perfect, is not magic. There's actually a process that you have to go through before you are able to "manifest at will".
In actuality, what might happen is more like this: Each time you go out to see your garden, you become more and more appalled at the looks of all those ugly weeks. What you just walked by and didn't seem to notice yesterday is suddenly eating away at you under your skin...
... Until eventually, you find yourself out there wanting to pull those ugly suckers!
This is just a small analogy of how the law of attraction can become the "law of attraction in action", which, without a doubt, always becomes the law of creation.
"We are all self-made, but only the successful will admit it."
-Earl Nightingale: American motivational speaker and author
And as Edgar Allan Poe once said, "the ancestor to every action is a thought."
The more we think, the more we want to act, and it's that action step that brings us to the law of creation.
Step 1: Ask - Just as they say in "The Secret", your first step is to ask.
Now, the reason for this is that you must get clear in your mind of what you want. On the surface, it seems like we all know what we want; but in reality, most of us do not.
Using any means at all to "get what you want" will never work if you don't know what you want! And, most of us throughout our lives have become satisfied with mediocrity, and therefore we convince our subconscious that mediocrity is good enough.
But what do you do if you just don't know what you want to put the law of attraction in action?
Easy. Just think about what you don't want. Everyone knows that. Whatever it is that you don't want, consider the opposite. Try to practice thinking "what if", and ending in your desired outcome...
... Example: "What if I practiced so much on writing that I became successful in writing to the extent where I could actually make money writing online?"... And,"what if I started writing E-books and graduated to becoming a successful author?"
And this leads us to step 2 - As yourself positive questions.
Once you're clear in your mind of what you want, you must focus on that outcome and ask yourself positive questions. We all are constantly asking ourselves questions anyway. Why not be positive?
Your questions, and the way you answer them, will shape your life, so you must become aware of what you're thinking. When you say to yourself, "why do I always screw this up?", your brain will answer, "because you're a loser". Negative questions breed negative answers, and this creates a non-productive lifestyle.
In the "weeds scenario" mentioned above, you might say to yourself, "what would my garden look like with all those weeds gone?" Concentrate on the uplifted emotion and energy you feel when you imagine this new positive change in your life. That positive emotion is the energy that will fuel you to put the law of attraction in action!
Your thoughts generate your feelings, and your feelings generate emotion, which generates energy...
... And that energy can be used to your benefit to put that law of attraction in action!
Now that you know that you can create your life with your thoughts, everything is going your way and life is beautiful... UNTIL something happens that hits you in the gut and pulls the wind out your sails.
When this happens, at first it is difficult to put the law of attraction in action...
And many never do. Many people throw in the towel at this point and declare, "this is a load of crap... this stuff DOES NOT work!" Of course, you know how they wind up. Did you ever see someone who is complaining about his life appear happy about anything?
I've recently heard an interesting statement about money. "Money is no more than a means to show appreciation." And your first bluff on this is, "huh? You mean I can't buy stuff and be happy with my life with this money?" When you think about it, "buying stuff" comes from a scarcity mindset.
You must begin thinking in terms of "more an enough" because the world is always giving, and this breeds your abundance mindset.
And this brings us to step 3: Surrender...
Have faith and follow your instincts to put the law of attraction in action
Face it, bad stuff happens to all of us. And again, concentrate on the way you communicate to yourself in these times. Thoughts like "why me, Lord?" will bring on more bad stuff! STOP-STOP-STOP!!
You must begin to think to yourself, "What message can I get from this? What is the universe trying to tell me?" It's the bad stuff that happens to us that is the most profound message to change our direction.
Listen to your inner self, follow your instincts and concentrate on what is happening that's good. More will come. I promise.
Who isn't intrigued with the law of attraction in action? There are so many miracle stories behind this concept, and who among us doesn't want to be the next miracle story?
But there's something else... something most of us are missing. It has to do with the three phases of transition from law of attraction in action to law of creation, so I'd like to pass it along to you...
In theory, the law of attraction works. However, there are stipulations that must be met, as it's really not all that simple. For example, consider going out to your garden and looking at it and saying over and over to yourself, "there's no weeds, there's no weeds, there's no weeds, there's no weeds"... will the weeds disappear? NO!
Sorry to disappoint you, but the law of attraction, although perfect, is not magic. There's actually a process that you have to go through before you are able to "manifest at will".
In actuality, what might happen is more like this: Each time you go out to see your garden, you become more and more appalled at the looks of all those ugly weeks. What you just walked by and didn't seem to notice yesterday is suddenly eating away at you under your skin...
... Until eventually, you find yourself out there wanting to pull those ugly suckers!
This is just a small analogy of how the law of attraction can become the "law of attraction in action", which, without a doubt, always becomes the law of creation.
"We are all self-made, but only the successful will admit it."
-Earl Nightingale: American motivational speaker and author
And as Edgar Allan Poe once said, "the ancestor to every action is a thought."
The more we think, the more we want to act, and it's that action step that brings us to the law of creation.
Step 1: Ask - Just as they say in "The Secret", your first step is to ask.
Now, the reason for this is that you must get clear in your mind of what you want. On the surface, it seems like we all know what we want; but in reality, most of us do not.
Using any means at all to "get what you want" will never work if you don't know what you want! And, most of us throughout our lives have become satisfied with mediocrity, and therefore we convince our subconscious that mediocrity is good enough.
But what do you do if you just don't know what you want to put the law of attraction in action?
Easy. Just think about what you don't want. Everyone knows that. Whatever it is that you don't want, consider the opposite. Try to practice thinking "what if", and ending in your desired outcome...
... Example: "What if I practiced so much on writing that I became successful in writing to the extent where I could actually make money writing online?"... And,"what if I started writing E-books and graduated to becoming a successful author?"
And this leads us to step 2 - As yourself positive questions.
Once you're clear in your mind of what you want, you must focus on that outcome and ask yourself positive questions. We all are constantly asking ourselves questions anyway. Why not be positive?
Your questions, and the way you answer them, will shape your life, so you must become aware of what you're thinking. When you say to yourself, "why do I always screw this up?", your brain will answer, "because you're a loser". Negative questions breed negative answers, and this creates a non-productive lifestyle.
In the "weeds scenario" mentioned above, you might say to yourself, "what would my garden look like with all those weeds gone?" Concentrate on the uplifted emotion and energy you feel when you imagine this new positive change in your life. That positive emotion is the energy that will fuel you to put the law of attraction in action!
Your thoughts generate your feelings, and your feelings generate emotion, which generates energy...
... And that energy can be used to your benefit to put that law of attraction in action!
Now that you know that you can create your life with your thoughts, everything is going your way and life is beautiful... UNTIL something happens that hits you in the gut and pulls the wind out your sails.
When this happens, at first it is difficult to put the law of attraction in action...
And many never do. Many people throw in the towel at this point and declare, "this is a load of crap... this stuff DOES NOT work!" Of course, you know how they wind up. Did you ever see someone who is complaining about his life appear happy about anything?
I've recently heard an interesting statement about money. "Money is no more than a means to show appreciation." And your first bluff on this is, "huh? You mean I can't buy stuff and be happy with my life with this money?" When you think about it, "buying stuff" comes from a scarcity mindset.
You must begin thinking in terms of "more an enough" because the world is always giving, and this breeds your abundance mindset.
And this brings us to step 3: Surrender...
Have faith and follow your instincts to put the law of attraction in action
Face it, bad stuff happens to all of us. And again, concentrate on the way you communicate to yourself in these times. Thoughts like "why me, Lord?" will bring on more bad stuff! STOP-STOP-STOP!!
You must begin to think to yourself, "What message can I get from this? What is the universe trying to tell me?" It's the bad stuff that happens to us that is the most profound message to change our direction.
Listen to your inner self, follow your instincts and concentrate on what is happening that's good. More will come. I promise.
Article Source: http://EzineArticles.com/7535309
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