Archive for productivity

Your Commitment In Advancing A Strong Economy

What does it mean to make the economy strong or weak?  In what way are you participating in making your country’s economy stronger?

Economic Fundamentals

The Economy is talked about as if it has a life of its own.  From the news reports, you might think that the economy controls people’s behavior rather than the other way around.  The truth is that actions and beliefs of the members of society control the economy.  Individuals earning and spending determines whether the economy is growing or declining.

Let’s bring that concept home.  As an adult member of society, you participate in the country’s economic health by earning and spending money.  In order to earn money, you exchange some product or service for money.  Ideally, you will gain more money in exchange for the goods or services than it cost you to produce them.  If you are an employee, your role is to contribute to your company’s endeavor of adding value to the goods or services that they sell.  This is your most basic participation in the economic system.

Then, you take the profits or earnings you made from the first exchange and exchange that for goods or services that you consume.  And the person you purchased from turns around and repeats the process.  That continuous movement of money defines the economy.

If the people of a society only purchase items they consume and don’t add value and resell something, then the economy grinds downward.  You’ve got to add value and bring in positive cash flow.

Positive and Negative Cash Flow

The concept of positive and negative cash flow is a fundamental business concept.  Cash flow is a financial term that refers to money coming in relative to money going out.  Basically, it’s a way of stating whether the company is making or losing money over a specified period of time.  Positive cash flow happens when more money comes into your business or individual accounts than the amount of money that goes out.  A negative cash flow condition exists when your outgo exceeds your income.  You can apply the concept to your own wallet and bank account.  Are you earning more than you spend or spending more than you earn?A portion of all I earn is mine to keep! - George Clason Click To Tweet Read More →

Finding A Practical Solution To Unlock Your Competitive Income

How much income does it take to achieve the American Dream?  Always more than you are making now, it seems.

Do you remember the interview question – Where do you see yourself in five years?  Having chosen the career path that you are now on, every now and then it does you good thing to look forward and ask yourself that great interview question again.

Here are a few more questions to ask yourself: How many successful people are in your field that have been there for five years longer than you?  Are they at the point where you anticipated when you began?  Can you outpace them?  Are you on the track that you imagined?  Are you where you thought you would be at this point?

Achieving the Dream

Five years into my Navy career, I was on the verge of living my dream.  At that point I was finishing my first sea tour and had orders to a Special Boat Unit in Panama.  From that point on, my career got better and better.  Success in all areas from personal growth, contribution and increasing income contributed to a rewarding career.  During the entire 26 year career, I always sought more and found ways to achieve more.  Achieving the dream is my hope for you in your career.

Achieve Your Dream

Achieve Your Dream

Take Inventory

I hope to spur you to examine your situation and take inventory of your progress toward the goals you set for yourself when you started working.  Are you on track to surpass your initial expectations?  Have you achieved the income level you envisioned?  If you keep doing what you have been doing, where will you be in one, five and ten years from now?  While it is not a good idea to keep looking back, you do want to take an occasional inventory of your progress.  If you are meeting your goals, fantastic!  It might be time for you to treat yourself to a reward.  Maybe go out for a special dinner or buy a new trinket.

If you are not on track to reach the goals you set for yourself, it is time to adjust and set new goals that are in tune with your true values.  Make an assessment of what prevented you from reaching the goals. Read More →

How to Replace Consumerism with Proven Wealth Building Strategies

Devoid of wealth building strategies, almost one-half of all Americans do not have $400 to their name.  This statistic includes people from all income brackets.  No matter how much money people make, it seems they just can’t manage to hold on to it.  Here’s the test – if you had an unexpected expense of $400 pop up right now, how would it impact you?  Could you pay it with cash or check?  Would it impact your ability to pay other current obligations? Or would you have to borrow the money, use a credit card or sell something?

American’s have been consumed with consumerism for the past few decades.  As credit became easier and easier to obtain, Americans began to rely on credit as a safety net rather than build up their savings as a safety net.  They also use credit to obtain more material possessions.  So credit has replaced savings as a means to purchase and protect possessions.

After the attacks of September 11, 2001, the government encouraged Americans to continue spending as before to prove that our economy would not be affected by the attacks.  That encouragement would have been good advice if the status quo before the attacks was to earn and save money before spending it.  Since using credit to purchase everything was becoming the status quo, this advice was feeding the vice of consumerism.

The impact of continuing the rise of consumerism will result in an unhealthy financial state.  It is time to reverse the trend.  Americans need to learn to replace Consumerism with wealth building practices.  That begins with becoming financially literate.

Financial Literacy

A majority of Americans have become financially illiterate.  Despite the fact that we now have access to more information about how money works, we do not partake of that knowledge.  This financial ignorance has led to financial distress in many households.  There is a tendency to spend a little more than we make, no matter how much we make.  Earning more enables you to borrow more and so many people do just that.  Rather than learn and leverage financial principles, people have begun to live for today and wind up dealing with the consequences when it catches up with them.  Some do things like use credit cards for daily purchases, losing track of their spending and then when the bill comes, they don’t pay the balance in full.  An understanding of the principles of compounding interest and avoiding that expense would save many people thousands of dollars every year. Read More →

Preliminary Strategy for My First Blog Effort

People start new blogs every day.  Why not me?  I am an above average writer with some really good thoughts about plenty of topics. Right?  All bloggers had a first blog. Now it is time for me to learn how to create a blog!

Today, I will start blogging…

Section One: Plan your Work and work your Plan

Strategy_for_my_first_Blog_Plan_Your_Work

Strategy 1 for my first Blog: Plan Your Work

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