Archive for goals and objectives

7 Fundamental Footsteps To Finding Financial Freedom

Achieving Financial Freedom – providing for yourself and your own family is certainly not easy, but independence has its rewards. It astounds me every time I encounter someone who takes pleasure in being dependent on someone else or worse, the government.

As soon as I graduated high school, I left home to go into the Navy where I would start providing for myself.  In fact, I enlisted in the Navy in October of my senior year.   I love my folks, but being dependent on anyone, including my parents was just not something that had any appeal for me.

These days, it is common for adult children to continue living with parents indefinitely.  They may move away for a while, then boomerang back home to enjoy the life of dependence.

Financial Freedom begins by achieving a state of Self-Sufficiency, being free from dependence on another for your basic needs. Sometimes there are good reasons for returning home. It is good to have parents that can assist for a while, but not when there is no effort to return to an independent life.

Break Free From Dependence

Maybe you have found yourself at the point where I was many years ago.  After serving in the Navy for about ten years, I was not earning enough to support my growing family without some assistance from the government.

You can read the long story of how I got to that point and how I recovered in Who is Responsible to Provide Basic Needs of Americans? That post laid out the problem and referenced next steps. This post should be more of a challenge to take the next steps toward independence and gives you clear steps to that end.Whether you are dependent on the government or on your parents, it is time to plot a course for self-determination and self-reliance. Click To Tweet

Now, if being broke and dependent on the government or someone else describes your situation and you are ready to start on your path to financial freedom, this article is written for you.

Don’t give up hope.  There is a way out when it feels like there is no way out.  It might not be quick and it may even get darker before dawn. Read More →

Leave A Legacy Of Prosperity For Your Children

Set new expectations of American life for your Children that will bring about unparalleled prosperity for their generation. The concept of leaving an impact on the world can be scary. Intentionally deciding what your legacy will be is awe inspiring. It can feel overwhelming.

Have you begun to contemplate the concept of raising children? What legacy are you going to leave them? Whether you have children already or not, the actions you take today are shaping the world that your children will inherit.

Before Having Children, Think About Their Future

Before you ever have children is the best time to start thinking about the future you will leave for them.

I’m not talking about the material wealth you will accumulate and leave as an inheritance for them. I am talking about participating in the American economic system and bolstering it.

Don’t make your children cope with the same mess that young people are living with today.

Realization Strikes

One day you wake up and the realization hits you that the decisions you make now affect not only your future but the future of your offspring. The fate of generations is in your hands. Wow, what a thought.

The question is – what will you do with it? Keep living for the here and now or start making the best future possible as your legacy?The fate of generations is in your hands. Wow, what a thought Click To Tweet Read More →

Which is Better: Improving the Boss’ Bottom Line or Yours?

Of course, our personal bottom line is the reason we all go to work.  We try to bring value to our boss‘ bottom line in order to get rewarded, compensated and promoted.  Rather than putting forth all our energy providing for the boss’ bottom line, we have an option in America of  creating our own wealth independent of a boss.

Since America is built on the Free Enterprise system, we are free to choose whether to work for ourselves or be an employee of someone else.  There are advantages and disadvantages of each.  You may be better suited for one over the other.

Employee or Employer

Some people value the certainty that accompanies being an employee.  They have no desire to be the business owner, assuming the risk of the business’ bottom line making money and staying afloat. The employee is only responsible for his own performance.

Only a few value the challenge of making their own business succeed.  The perceived rewards of success include the opportunity to make a higher income, the freedom of self-direction, the feeling of significance of having his name on the business and owning the successful enterprise.

Who ever feels like they are being paid enough?  Could you make more money by working for yourself or as someone else’s employee?  Given a profitable idea and the resources and means to market it, you might be able to develop an income greater by having your own enterprise.  However without proper execution, the cost of doing business could wind up exceeding what you make.  When your outgo exceeds your income, this is known as a deficit.

Being A Business Owner is Not for Everyone

Not everyone is capable of running a business.  One benefit of being an employee of another is a much more predictable income and a much lower risk of not making money or worse, losing money.  Owning your own business requires that you have an internal drive.  It is analogous to moving off to college.  At college, no one wakes you up and ensures you go to class.  In high school, a truant officer will be dispatched to round you up in some cases.  When your own your own business, you are completely responsible for getting it done.  Self-motivation and self-direction are two required attributes to successfully run a business.  In a recent blog post, 5 Better Solutions Than A More Competitive Minimum Wage, I listed six ways to increase your bottom line.  Some of those are as an employee and some are in a business of your own.

Improve Your Bottom Line and Fulfillment Through Self-Employment

Which is better for you: working for someone else or working for yourself?  Which is better for you: working for someone else or working for yourself? Click To Tweet

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5 Better Solutions Than A More Competitive Minimum Wage

An increased minimum wage supported by the White House is the subject of an ongoing national debate.  The minimum wage should be going up in most states over the next few years whether a new national minimum is established or not.  Earning competitive pay is part of the American Dream.  Wouldn’t it be great if the national minimum wage was higher?  Not necessarily; there are better solutions.  I will discuss a few of them in this post.

Why Would an Increased Minimum Wage Not Be the best Solution?

Unless you plan to exist on minimum wage for many years, an increase in the minimum wage would be a negative factor for you.  If the minimum wage increased as your experience increased, then you will continue to earn the minimum for a longer period of time.  You should only work for minimum wage for a short period of time at the entry level.  Furthermore, minimum wage earners will continue to be the lowest paid employees even after a minimum wage increase.  Although they are making more money, the buying power of minimum wage earners will remain what it was due to price increases to cover the additional cost of these wages.  Wear as, if you get an individual raise and minimum wage stays constant, you will have more buying power.

1. Get a Pay Raise

If after three to six months of working at minimum wage, a higher wage has not been offered for the work you are doing, then consider changing something in your situation.  It is not normal to be at a fixed income at the entry level.  This would be a good time to evaluate what you could be doing differently to receive a higher wage.

You should only work for minimum wage for a few initial months until you prove your worth and start getting better wages for the position or identify a higher paying position to move into.  The employer has at that point, invested in you as a new employee.  There might be uniform expenses he has paid as well as training and on-boarding expenses.  Once he has recouped these expenses, you are now more valuable as compared to replacing you.  If he does not compensate you better than minimum, you could take your new experience and training to a different employer that would be willing to pay more.  The three to six-month time frame is the time to start investigating which track to take.  Either approach the employer and seek a raise or start the hunt for your next position.

2. Move Into a Higher Paying Position

Being promoted to a better paying position has the added benefit of more responsibility and more job satisfaction.  Moving up the rungs of the corporate ladder instills a feeling of dignity.  It is surprising how many people resist the opportunity for more responsibility.  They assess the benefits of having responsibility are outweighed by its liabilities.  That is shocking to me as I have always pursued the opportunity to take on more responsibility.  From my experience, I can tell you that the rewards by far outweigh the liabilities!

From the day you start a new position, you will want to continually seek the next higher job.  Work toward mastering the current position as well as skills of the next higher rank.  Set measurable goals that will get you into that higher paying position.  There should be a period of time that you perform at the next higher position before you reap the rewards of it.  You will want to prove your worth before expecting the employer to promote you for a short period of time. Read More →

Is The College Education Route Best For You?

Are you a high school student who has been thinking that perhaps you were not meant to go to college?  Maybe you are right and College is not the best choice for you.  College was certainly not the route I took right out of high school.   Maybe you are feeling pressure from teachers, parents, relatives and fellow students to go to College.  Let’s explore the pros and cons of going to college vs not going, and look at some options that might be a better match for you in your particular situation.

The Big Decision – College or Wait

This post is not intended to talk you out of going to college, nor is it intended to talk you into going.  The intent is to help you as you make one of the most significant decisions you will have made up to this point.

In my case, I did eventually get a Bachelor of Science (BS) degree and ultimately a Masters’ of Science (MS) degree.  But that is a long way from where I started out.  Early in my senior year in high school, I enlisted in the US Navy; October 28 to be precise.  My GPA in high school was not very high.  In fact, I often joke that I was a high school push-out.  My French teacher made me promise not to take another level of French before she gave me the passing grade I needed to graduate.  She said that if I didn’t promise, she would not give me the passing grade.The Big Decision - Go to College or Wait Click To Tweet

The decision as to what to do after high school graduation can be daunting!  What will happen if you don’t make the right decision?  Like, what if you go to college, but it is not right for you? What will be the worst case scenario?  Failing out and returning home? Disappointing parents and grandparents? No one wants to let our parents down.  What if you don’t go to school?  What will you be labeled by your family and friends?

Before you make the decision to go to college or take another route, let’s examine the options and make sure you are equipped with knowledge to make the best choice for you.

What are the Options besides College

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The Startling Truth About Goals Objectives and Campaigns

Effective Goal setting is one of the most effective skills you can master to help you realize your dreams.

The concept of goal setting can sometimes seem overwhelming.  You might have been discouraged by having set goals that were not achieved in the past.  Setting and obtaining measurable goals has been an underlying skill that I have honed over the years to achieve significant success in many areas of my life.  In this post, I will share some techniques with you that will help you achieve the pursuit you are presently struggling with.

Simple Goal Setting to Achieve Objectives

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