According to a Survey of Consumer Finances, the average wealthy American has $1,400,000 in assets, and $275,000 in debts, for a net worth of over $1.1 million. Of those assets, they are fairly equally split between 'financial' assets (stocks, bonds, mutual funds and cash), and 'non-financial' assets (real estate, personal business equity, collectibles). Even then, most believe that they cannot afford to buy everything they really need. These results suggest that money is not the only determinant of real life wealth.
Dr. John Demartini defines a ‘poor' millionaire as someone who is living just to make money. On the contrary, Demartini believes a rich millionaire is someone who values the fullness of his or her life while making a profit doing what they love or loving what they do. He goes on to explain that doing what you love and making millions does not have to be mutually exclusive.
"If an individual is truly doing what they love to do they cannot help but feel prosperous and grateful for where they are and what they have. You cannot put a monetary value on being in love with life," says Dr. Demartini.
A multimillionaire in his own right, Dr. John Demartini does not deny he is an advocate for building tangible wealth and learning the fundamental laws of financial wellness.
So how do you make one hell of a profit and still get to heaven according to Dr. Demartini?
1.Make your spiritual life a business and your business life a spiritual experience
2.Do not try to receive something for nothing, or try to give something for nothing
3.SAVE 10% OF ALL YOU EARN - The more you have, the more you can attract
4.If you want to retire then you are in the wrong business
5.Anything you do consumes time. To maximize the value of your time, prioritize your interactions
6.Organize and lead your inner parts purposefully
7.Desperate people do desperate things, while inspired people do inspired things
Wednesday, November 03, 2010
Sunday, October 31, 2010
The King of Time Management - Siimon Reynolds
I’d like to nominate Mike Duke, the CEO of Wal-Mart, as King Of Time Management.
Contemplate this:
He runs the world’s biggest company.
He oversees 8600 stores.
He has a staff of 2.1 million people.
Yet he still handles all his emails by the end of each day!
He is so dedicated to sticking to his schedule that he is not above standing up to leave while people are still talking to him in meetings. This guy is definitely worth studying.
As you can imagine, there’s a mountain of management techniques he uses that we all could profit from emulating. But today, I’ll just focus on one.
His folder system.
Duke has eight senior people reporting directly to him. On the credenza near his desk, he has one folder for each of them. It has their name and the time of Duke’s next meeting with them. Before they arrive, he takes out their folder and reviews all the areas they manage. Anything they have promised to do is listed in the folder too, so he keeps that item in there until it’s done. It’s such a simple, effective system, but it’s cleverer than may first appear. Let’s look at it in detail.
He concentrates on the eight people who can create the most change in the company (most leaders have a far wider focus). He prepares for each meeting before the person arrives (most people don’t do any preparation before internal meetings). He is clear at all times what they are up to (most CEO’s of big companies have only a vague idea). He follows up rigorously (most senior managers have no system for follow up).
Even at Wal-Mart, where efficiency is an obsession, senior staff marvel at how much Mike Duke gets done with this system. Maybe you should consider adopting his method too. The reality is, the people who get to the top in business aren’t necessarily smarter than their competition. But, like Mike Duke, they’re usually more focused and organised.
Contemplate this:
He runs the world’s biggest company.
He oversees 8600 stores.
He has a staff of 2.1 million people.
Yet he still handles all his emails by the end of each day!
He is so dedicated to sticking to his schedule that he is not above standing up to leave while people are still talking to him in meetings. This guy is definitely worth studying.
As you can imagine, there’s a mountain of management techniques he uses that we all could profit from emulating. But today, I’ll just focus on one.
His folder system.
Duke has eight senior people reporting directly to him. On the credenza near his desk, he has one folder for each of them. It has their name and the time of Duke’s next meeting with them. Before they arrive, he takes out their folder and reviews all the areas they manage. Anything they have promised to do is listed in the folder too, so he keeps that item in there until it’s done. It’s such a simple, effective system, but it’s cleverer than may first appear. Let’s look at it in detail.
He concentrates on the eight people who can create the most change in the company (most leaders have a far wider focus). He prepares for each meeting before the person arrives (most people don’t do any preparation before internal meetings). He is clear at all times what they are up to (most CEO’s of big companies have only a vague idea). He follows up rigorously (most senior managers have no system for follow up).
Even at Wal-Mart, where efficiency is an obsession, senior staff marvel at how much Mike Duke gets done with this system. Maybe you should consider adopting his method too. The reality is, the people who get to the top in business aren’t necessarily smarter than their competition. But, like Mike Duke, they’re usually more focused and organised.
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