Throughout most of human history, we have been accustomed to evolution, or the gradual changing and progressing of events in a straight line. Sometimes the process of change was faster and sometimes it was slower, but it almost always seemed to be progressive, from one step to the other, allowing you some opportunities for planning, predicting and changing.
Today, however, the rate of change is not only faster than ever before, but it is discontinuous. It is taking place in a variety of unconnected areas and affecting each of us in a variety of unexpected ways. Changes in information processing technologies are happening separately from changes in medicine, changes in transportation, changes in education, changes in politics and changes in global competition. Changes in family formation and relationships are happening separately from the rise and fall of new businesses and industries in different parts of the country. And if anything, this rate of accelerated, discontinuous change is increasing. As a result, most of us are already suffering from what Alvin Toffler once called, “future shock.”
You can’t do very much about the enormity of these changes, but the one thing that you can do is to think seriously about yourself and your basic need for security and stability. In no area is this more important than in the areas of job security and financial security. You must give special attention to your ability to make a good living and provide for yourself in the months and years ahead.
Above all, to position yourself for tomorrow, you must think continuously and seriously about your work today, your earning ability , and the work that you will be doing one, three, and five years from today. You must plan to achieve your own financial security, no matter what happens.
Charles Kettering said that you should give a lot of thought to the future because that is where you are going to spend the rest of your life. One of the greatest mistakes that people can make, and the one with the worst long-term consequences, is to think only about the present and give very little thought to what might happen in the months and years ahead.
When our grandfathers started work, it was quite common for them to get a basic education and then go to work for a company and stay with that same company for the rest of their working lives. When our parents went to work, it was more common for them to change jobs three or four times during their lifetime, although it was difficult and disruptive.
Today, with increased turbulence and change in the national and global economy, a person starting work can expect to have five full-time careers between the ages of 21 and 65, and 14 full-time jobs lasting two years or more. According to Fortune Magazine, fully 40 percent of American employees in the 21st Century will be “contingency” workers. This means that they will never work permanently for another company. They will continue to move as needed, from company to company, from job to job, earning less money than full-time employees and accruing very few, if any, benefits in terms of health care and pension plans.
Imagine what your job will look like five years from today. Since knowledge in your field is probably doubling every five years, this means that fully twenty percent of your knowledge and your ability in your field is becoming obsolete each year. In five years, you will be doing a brand new job with brand new skills and abilities. Ask yourself, “What parts of my knowledge, skills and work are becoming obsolete? What am I doing today that is different than what I was doing one year ago and two years ago?” What are you likely to be doing one year, two years, three years, four years and five years from today? What knowledge and skills will you need and how will you acquire them? What is your plan for your economic and financial future?
We are now in the knowledge age. Today, the chief factors of production are knowledge and the ability to apply that knowledge to achieving results for other people. Your earning ability today is largely dependent upon your knowledge, skill and your ability to combine that knowledge and skill in such a way that you contribute value for which customers are going to pay.
The Law of Three says that you must contribute three dollars of profit for every dollar that you wish to earn in salary. It costs a company approximately double your salary to employ you in terms of space, benefits, supervision, and investment in furniture, fixtures, and other resources. For a company to hire you, they have to make a profit on what they pay you. Therefore, you must contribute value greatly in excess of the amount you earn in order to stay employed. To put it another way, your earning ability must be considerably greater than the amount you are receiving, or you will find yourself looking for another job.
To position yourself for tomorrow, here is one of the most important rules you will ever learn: “The future belongs to the competent.” The future belongs to those men and women who are very good at what they do. Pat Riley, in his book The Winner Within, wrote that, “If you are not committed to getting better at what you are doing, you are bound to get worse.” To phrase it another way, anything less than a commitment to excellent performance on your part is an unconscious acceptance of mediocrity. It used to be that you needed to be excellent to rise above the competition in your industry. Today, you must be excellent even to keep your job in your industry.
The marketplace is a stern task master. Today, excellence, quality, and value are absolutely essential elements of any product or service, and of the work of any person. Your earning ability is largely determined by the perception of excellence, quality, and value that others have of you and what you do. The market only pays excellent rewards for excellent performance. It pays average rewards for average performance, and it pays below average rewards or unemployment for below average performance. Customers today want the very most and the very best for the very least amount of money, and on the best terms. Only the individuals and companies that provide absolutely excellent products and services at absolutely excellent prices will survive. It’s not personal. It’s just the way our economy works.
To earn more, you must learn more. You are maxed out today at your current level of knowledge and skill. However much you are earning at this moment is the maximum you can earn without learning and practicing something new and different.
And here’s the rub. Your accumulated knowledge and experience is becoming obsolete bit by bit, day by day. The knowledge in your field is doubling every three to five years. That means that your knowledge must double every three to five years just for you to stay even.
The solution to the dilemma of unavoidable change and restructuring is continuous self-development. Your personal knowledge and your ability to apply that knowledge are your most valuable assets. To stay on top of your world, you must continually add to your knowledge and your ability. You must continually build up your mental assets if you want to enjoy a continuous return on your investment. And only by building on your current assets do you stop them from deteriorating.
By engaging in continuous self-improvement, you can put yourself behind the wheel of your own life. By dedicating yourself to enhancing your earning ability, you will automatically be engaging in the continuous process of personal development. By learning more, you prepare yourself to earn more. You position yourself for tomorrow by developing the knowledge and skills that you need to be a valuable and productive part of our economy, no matter which direction it goes.
By: Brian Tracy
www.focalpointcoaching.com
Thursday, June 3, 2010
Wednesday, May 26, 2010
Increasing Your Value
We are living in an economic age for which most people are largely unprepared. Massive shifts in economic activities and incredible dislocations of businesses and industries are taking place all over the country. Being either an employer or an employee today is like being a long-tailed cat in a roomful of rocking chairs.
Your goal is to organize your life in such a way that you enjoy a good income, a high standard of living, and that you are the master of your economic destiny rather than a victim of changing economic times.
In 1945, at the end of World War II, America and Americans entered into a golden age that had never existed before and will never exist again. Those of us who grew up during this golden age developed a particular way of looking at the world that was greatly influenced by what was going on in America at the time. We developed certain assumptions about our lives and about business in general, and we have a hard time giving them up. But give them up we must if we are going to survive in the economy of the future.
At the end of World War II, America and American industry dominated the world. We had not only abundant natural resources but also advanced technology, an intact industrial base, most of the money in the world, an advanced educational system, millions of competent workers, and a fully integrated system of roads, schools, hospitals, cities, and farms. It was said that America got rich by coming late into two world wars, and it was certainly true in the late ‘40s and ‘50s.
Meanwhile, the rest of the industrialized world, in both Europe and the Far East, was bombed to rubble. Our industrial and economic competitors had been ravaged by war. For this reason, anything that American factories produced found a ready market, both nationally and internationally. The economy took off. There was good-paying work for everyone. The ‘50s became an age of expanding prosperity, tremendous job security, and opportunities for all.
In this economic environment, anyone could get a job. Not only that, but there were plenty of low-skill jobs that paid high salaries and benefits for average work. A working person in America could have a nice house, a car⎯maybe two cars⎯and eventually a motor home, a boat, and all the other trappings of the good life.
After a few years of this robust, expanding economy with opportunities and jobs for all, Americans began to accept the good life as their birthright. People began to feel that because they were born in America, they were entitled to the good life, whether or not they worked hard. The Unions took full advantage of this mind-set and negotiated ever higher wages and benefits from American manufacturers. The increased costs of the products and services were simply passed on to the customers. Since the rest of the industrial world was still rebuilding, the only products to buy were American products. And since American consumers were also workers who were making good wages, as prices went up, sales also went up.
But by the '60s, the world was already changing. Our industrial competitors, especially Germany and Japan, had begun to rebuild and to manufacture and export products. Competition for the good life began to emerge all over the world. The pace began to pick up, slowly. The average American wasn’t aware of it, but the golden age was coming to an end.
In the '70s, America began to be flooded with high-quality products from all over the world. American companies and American working people had become complacent with their captive markets and had let their quality deteriorate. Low-price, high-quality products coming in from Japan, Germany and other countries began to take sizable chunks of the market. The affected industries cried out to government for protection, which was just another way of selling higher-priced goods to captive customers. And it didn’t work.
By the '80's, we were in a real race. Everyone in the world wanted to enjoy the same living standards Americans had. And people were willing to work long hours and produce high-quality goods and services in order to achieve those living standards.
We lost our advantage in natural resources. We lost our edge in technology. And we lost our edge in capital. Today, any change in economic policy anywhere, in any country, instantly causes capital to flow in or out of the affected areas. Countries can not even control the value of their currencies.
The one edge that America maintained is that we have the most productive workforce in the world. America and Americans produce more goods and services per capita than any other country. But there is a race on, and we are in it, and if you want to be employed in a good job for the indefinite future, you must get in and start competing as you have never done before.
Your job is an opportunity to contribute a value to your company in excess of your cost. In its simplest terms, your job is as secure as your ability to render value in excess of what it costs to keep you on the payroll.
If you want to earn more money at your current job, you have to increase your value, your contribution to the enterprise. If you want to get a new job, you have to find a way to contribute value to that enterprise. If you want any kind of job security, you must continually work at maintaining and increasing your value in the competitive marketplace.
And here's a key point. Your education, knowledge, skills and experience all are investments in your ability to contribute a value for which you can be paid. But they are like any other investments. They are highly speculative.
Once you have learned a subject or developed a skill, it is a sunk cost. It is time and money spent that you cannot get back. No employer in the marketplace has any obligation to pay you for it, unless he can use your skill to produce a product or service that people are ready to buy, today.
Whatever job you are doing, you should be preparing for your next job. And the key question is always: Where are the customers? Which businesses and industries are growing in this economy, and which ones are declining?
I continually meet people who ask me how they can increase their income when their entire industry is shrinking. I tell them that there are jobs with futures and there are jobs without futures, and they need to get into a field that is expanding, not contracting.
There are three forms of unemployment in America: voluntary, non-voluntary, and frictional. Voluntary employment exists when a person decides not to work for a certain period of time, or not to accept a particular type of job, hoping that something better will come along. Non-voluntary unemployment exists when a person is willing and able to work but cannot find a job anywhere. Frictional unemployment is the natural level; this includes the approximately 4 or 5 percent of the working population who are between jobs at any given time.
However, there are always jobs for the creative minority. You never have to be unemployed if you will do one of three things: change the work that you are offering to do, change the place where you are offering to work, or change the amount that you are asking for your services.
If there is no demand for your particular skills and experience, you will have to learn to do something else and provide skills that are in demand at the time. Employers don't care about your past. They care only about your future and your ability to contribute value to their customers.
You can change your location. Sometimes you will have to move from one part of the country to another, from where there are few jobs to where there are more jobs. Many people transform their entire lives by moving from an area of high unemployment to an area of low unemployment.
The third thing you can do to get back into the work force is to lower your demands. Remember, because your labor is a commodity, it is subject to the laws of supply and demand. If you ask too much, people will not hire you, because customers will not pay your demands in the price of the product or service that your organization produces. It is not the employer who is forcing this downward revision in wage requirements; it is the customer, through his or her buying behavior.
There is a small, creative minority in America who are never unemployed. No matter what happens, they always have a job⎯sometimes two jobs. If they lose a particular position in one place, they find another position doing the same thing, or something else, somewhere else. They are fast on their feet. They move quickly and they don't accept unemployment as an option. And they always have jobs.
There are always jobs to be done. Even in the worst economy, there are always problems to be solved and consumer needs to be met. For this reason, all long-term unemployment is ultimately voluntary.
There are more opportunities for you to fulfill your dreams and aspirations in the American economy than have ever before existed, or than exist anywhere else in the world. You can be, have, or do anything that you can dream of by preparing yourself for better and better jobs. It is never crowded at the top. There are no traffic jams on the extra mile. Your job is to get good, get better, and then make yourself indispensable.
By: Brian Tracy
www.focalpointcoaching.com
Your goal is to organize your life in such a way that you enjoy a good income, a high standard of living, and that you are the master of your economic destiny rather than a victim of changing economic times.
In 1945, at the end of World War II, America and Americans entered into a golden age that had never existed before and will never exist again. Those of us who grew up during this golden age developed a particular way of looking at the world that was greatly influenced by what was going on in America at the time. We developed certain assumptions about our lives and about business in general, and we have a hard time giving them up. But give them up we must if we are going to survive in the economy of the future.
At the end of World War II, America and American industry dominated the world. We had not only abundant natural resources but also advanced technology, an intact industrial base, most of the money in the world, an advanced educational system, millions of competent workers, and a fully integrated system of roads, schools, hospitals, cities, and farms. It was said that America got rich by coming late into two world wars, and it was certainly true in the late ‘40s and ‘50s.
Meanwhile, the rest of the industrialized world, in both Europe and the Far East, was bombed to rubble. Our industrial and economic competitors had been ravaged by war. For this reason, anything that American factories produced found a ready market, both nationally and internationally. The economy took off. There was good-paying work for everyone. The ‘50s became an age of expanding prosperity, tremendous job security, and opportunities for all.
In this economic environment, anyone could get a job. Not only that, but there were plenty of low-skill jobs that paid high salaries and benefits for average work. A working person in America could have a nice house, a car⎯maybe two cars⎯and eventually a motor home, a boat, and all the other trappings of the good life.
After a few years of this robust, expanding economy with opportunities and jobs for all, Americans began to accept the good life as their birthright. People began to feel that because they were born in America, they were entitled to the good life, whether or not they worked hard. The Unions took full advantage of this mind-set and negotiated ever higher wages and benefits from American manufacturers. The increased costs of the products and services were simply passed on to the customers. Since the rest of the industrial world was still rebuilding, the only products to buy were American products. And since American consumers were also workers who were making good wages, as prices went up, sales also went up.
But by the '60s, the world was already changing. Our industrial competitors, especially Germany and Japan, had begun to rebuild and to manufacture and export products. Competition for the good life began to emerge all over the world. The pace began to pick up, slowly. The average American wasn’t aware of it, but the golden age was coming to an end.
In the '70s, America began to be flooded with high-quality products from all over the world. American companies and American working people had become complacent with their captive markets and had let their quality deteriorate. Low-price, high-quality products coming in from Japan, Germany and other countries began to take sizable chunks of the market. The affected industries cried out to government for protection, which was just another way of selling higher-priced goods to captive customers. And it didn’t work.
By the '80's, we were in a real race. Everyone in the world wanted to enjoy the same living standards Americans had. And people were willing to work long hours and produce high-quality goods and services in order to achieve those living standards.
We lost our advantage in natural resources. We lost our edge in technology. And we lost our edge in capital. Today, any change in economic policy anywhere, in any country, instantly causes capital to flow in or out of the affected areas. Countries can not even control the value of their currencies.
The one edge that America maintained is that we have the most productive workforce in the world. America and Americans produce more goods and services per capita than any other country. But there is a race on, and we are in it, and if you want to be employed in a good job for the indefinite future, you must get in and start competing as you have never done before.
Your job is an opportunity to contribute a value to your company in excess of your cost. In its simplest terms, your job is as secure as your ability to render value in excess of what it costs to keep you on the payroll.
If you want to earn more money at your current job, you have to increase your value, your contribution to the enterprise. If you want to get a new job, you have to find a way to contribute value to that enterprise. If you want any kind of job security, you must continually work at maintaining and increasing your value in the competitive marketplace.
And here's a key point. Your education, knowledge, skills and experience all are investments in your ability to contribute a value for which you can be paid. But they are like any other investments. They are highly speculative.
Once you have learned a subject or developed a skill, it is a sunk cost. It is time and money spent that you cannot get back. No employer in the marketplace has any obligation to pay you for it, unless he can use your skill to produce a product or service that people are ready to buy, today.
Whatever job you are doing, you should be preparing for your next job. And the key question is always: Where are the customers? Which businesses and industries are growing in this economy, and which ones are declining?
I continually meet people who ask me how they can increase their income when their entire industry is shrinking. I tell them that there are jobs with futures and there are jobs without futures, and they need to get into a field that is expanding, not contracting.
There are three forms of unemployment in America: voluntary, non-voluntary, and frictional. Voluntary employment exists when a person decides not to work for a certain period of time, or not to accept a particular type of job, hoping that something better will come along. Non-voluntary unemployment exists when a person is willing and able to work but cannot find a job anywhere. Frictional unemployment is the natural level; this includes the approximately 4 or 5 percent of the working population who are between jobs at any given time.
However, there are always jobs for the creative minority. You never have to be unemployed if you will do one of three things: change the work that you are offering to do, change the place where you are offering to work, or change the amount that you are asking for your services.
If there is no demand for your particular skills and experience, you will have to learn to do something else and provide skills that are in demand at the time. Employers don't care about your past. They care only about your future and your ability to contribute value to their customers.
You can change your location. Sometimes you will have to move from one part of the country to another, from where there are few jobs to where there are more jobs. Many people transform their entire lives by moving from an area of high unemployment to an area of low unemployment.
The third thing you can do to get back into the work force is to lower your demands. Remember, because your labor is a commodity, it is subject to the laws of supply and demand. If you ask too much, people will not hire you, because customers will not pay your demands in the price of the product or service that your organization produces. It is not the employer who is forcing this downward revision in wage requirements; it is the customer, through his or her buying behavior.
There is a small, creative minority in America who are never unemployed. No matter what happens, they always have a job⎯sometimes two jobs. If they lose a particular position in one place, they find another position doing the same thing, or something else, somewhere else. They are fast on their feet. They move quickly and they don't accept unemployment as an option. And they always have jobs.
There are always jobs to be done. Even in the worst economy, there are always problems to be solved and consumer needs to be met. For this reason, all long-term unemployment is ultimately voluntary.
There are more opportunities for you to fulfill your dreams and aspirations in the American economy than have ever before existed, or than exist anywhere else in the world. You can be, have, or do anything that you can dream of by preparing yourself for better and better jobs. It is never crowded at the top. There are no traffic jams on the extra mile. Your job is to get good, get better, and then make yourself indispensable.
By: Brian Tracy
www.focalpointcoaching.com
Monday, May 17, 2010
Increasing Your Earning Potential
Throughout most of human history, we have been accustomed to evolution, or the gradual changing and progressing of events in a straight line. Sometimes the process of change was faster and sometimes it was slower, but it almost always seemed to be progressive, from one step to the other, allowing you some opportunities for planning, predicting and changing.
Today, however, the rate of change is not only faster than ever before, but it is discontinuous. It is taking place in a variety of unconnected areas and affecting each of us in a variety of unexpected ways. Changes in information processing technologies are happening separately from changes in medicine, changes in transportation, changes in education, changes in politics and changes in global competition. Changes in family formation and relationships are happening separately from the rise and fall of new businesses and industries in different parts of the country. And if anything, this rate of accelerated, discontinuous change is increasing. As a result, most of us are already suffering from what Alvin Toffler once called, “future shock.”
You can’t do very much about the enormity of these changes, but the one thing that you can do is to think seriously about yourself and your basic need for security and stability. In no area is this more important than in the areas of job security and financial security. You must give special attention to your ability to make a good living and provide for yourself in the months and years ahead.
Above all, to position yourself for tomorrow, you must think continuously and seriously about your work today, your earning ability , and the work that you will be doing one, three, and five years from today. You must plan to achieve your own financial security, no matter what happens.
Charles Kettering said that you should give a lot of thought to the future because that is where you are going to spend the rest of your life. One of the greatest mistakes that people can make, and the one with the worst long-term consequences, is to think only about the present and give very little thought to what might happen in the months and years ahead.
When our grandfathers started work, it was quite common for them to get a basic education and then go to work for a company and stay with that same company for the rest of their working lives. When our parents went to work, it was more common for them to change jobs three or four times during their lifetime, although it was difficult and disruptive.
Today, with increased turbulence and change in the national and global economy, a person starting work can expect to have five full-time careers between the ages of 21 and 65, and 14 full-time jobs lasting two years or more. According to Fortune Magazine, fully 40 percent of American employees in the 21st Century will be “contingency” workers. This means that they will never work permanently for another company. They will continue to move as needed, from company to company, from job to job, earning less money than full-time employees and accruing very few, if any, benefits in terms of health care and pension plans.
Imagine what your job will look like five years from today. Since knowledge in your field is probably doubling every five years, this means that fully twenty percent of your knowledge and your ability in your field is becoming obsolete each year. In five years, you will be doing a brand new job with brand new skills and abilities. Ask yourself, “What parts of my knowledge, skills and work are becoming obsolete? What am I doing today that is different than what I was doing one year ago and two years ago?” What are you likely to be doing one year, two years, three years, four years and five years from today? What knowledge and skills will you need and how will you acquire them? What is your plan for your economic and financial future?
We are now in the knowledge age. Today, the chief factors of production are knowledge and the ability to apply that knowledge to achieving results for other people. Your earning ability today is largely dependent upon your knowledge, skill and your ability to combine that knowledge and skill in such a way that you contribute value for which customers are going to pay.
The Law of Three says that you must contribute three dollars of profit for every dollar that you wish to earn in salary. It costs a company approximately double your salary to employ you in terms of space, benefits, supervision, and investment in furniture, fixtures, and other resources. For a company to hire you, they have to make a profit on what they pay you. Therefore, you must contribute value greatly in excess of the amount you earn in order to stay employed. To put it another way, your earning ability must be considerably greater than the amount you are receiving, or you will find yourself looking for another job.
To position yourself for tomorrow, here is one of the most important rules you will ever learn: “The future belongs to the competent.” The future belongs to those men and women who are very good at what they do. Pat Riley, in his book The Winner Within, wrote that, “If you are not committed to getting better at what you are doing, you are bound to get worse.” To phrase it another way, anything less than a commitment to excellent performance on your part is an unconscious acceptance of mediocrity. It used to be that you needed to be excellent to rise above the competition in your industry. Today, you must be excellent even to keep your job in your industry.
The marketplace is a stern task master. Today, excellence, quality, and value are absolutely essential elements of any product or service, and of the work of any person. Your earning ability is largely determined by the perception of excellence, quality, and value that others have of you and what you do. The market only pays excellent rewards for excellent performance. It pays average rewards for average performance, and it pays below average rewards or unemployment for below average performance. Customers today want the very most and the very best for the very least amount of money, and on the best terms. Only the individuals and companies that provide absolutely excellent products and services at absolutely excellent prices will survive. It’s not personal. It’s just the way our economy works.
To earn more, you must learn more. You are maxed out today at your current level of knowledge and skill. However much you are earning at this moment is the maximum you can earn without learning and practicing something new and different.
And here’s the rub. Your accumulated knowledge and experience is becoming obsolete bit by bit, day by day. The knowledge in your field is doubling every three to five years. That means that your knowledge must double every three to five years just for you to stay even.
The solution to the dilemma of unavoidable change and restructuring is continuous self-development. Your personal knowledge and your ability to apply that knowledge are your most valuable assets. To stay on top of your world, you must continually add to your knowledge and your ability. You must continually build up your mental assets if you want to enjoy a continuous return on your investment. And only by building on your current assets do you stop them from deteriorating.
By engaging in continuous self-improvement, you can put yourself behind the wheel of your own life. By dedicating yourself to enhancing your earning ability, you will automatically be engaging in the continuous process of personal development. By learning more, you prepare yourself to earn more. You position yourself for tomorrow by developing the knowledge and skills that you need to be a valuable and productive part of our economy, no matter which direction it goes.
By: Brian Tracy
Today, however, the rate of change is not only faster than ever before, but it is discontinuous. It is taking place in a variety of unconnected areas and affecting each of us in a variety of unexpected ways. Changes in information processing technologies are happening separately from changes in medicine, changes in transportation, changes in education, changes in politics and changes in global competition. Changes in family formation and relationships are happening separately from the rise and fall of new businesses and industries in different parts of the country. And if anything, this rate of accelerated, discontinuous change is increasing. As a result, most of us are already suffering from what Alvin Toffler once called, “future shock.”
You can’t do very much about the enormity of these changes, but the one thing that you can do is to think seriously about yourself and your basic need for security and stability. In no area is this more important than in the areas of job security and financial security. You must give special attention to your ability to make a good living and provide for yourself in the months and years ahead.
Above all, to position yourself for tomorrow, you must think continuously and seriously about your work today, your earning ability , and the work that you will be doing one, three, and five years from today. You must plan to achieve your own financial security, no matter what happens.
Charles Kettering said that you should give a lot of thought to the future because that is where you are going to spend the rest of your life. One of the greatest mistakes that people can make, and the one with the worst long-term consequences, is to think only about the present and give very little thought to what might happen in the months and years ahead.
When our grandfathers started work, it was quite common for them to get a basic education and then go to work for a company and stay with that same company for the rest of their working lives. When our parents went to work, it was more common for them to change jobs three or four times during their lifetime, although it was difficult and disruptive.
Today, with increased turbulence and change in the national and global economy, a person starting work can expect to have five full-time careers between the ages of 21 and 65, and 14 full-time jobs lasting two years or more. According to Fortune Magazine, fully 40 percent of American employees in the 21st Century will be “contingency” workers. This means that they will never work permanently for another company. They will continue to move as needed, from company to company, from job to job, earning less money than full-time employees and accruing very few, if any, benefits in terms of health care and pension plans.
Imagine what your job will look like five years from today. Since knowledge in your field is probably doubling every five years, this means that fully twenty percent of your knowledge and your ability in your field is becoming obsolete each year. In five years, you will be doing a brand new job with brand new skills and abilities. Ask yourself, “What parts of my knowledge, skills and work are becoming obsolete? What am I doing today that is different than what I was doing one year ago and two years ago?” What are you likely to be doing one year, two years, three years, four years and five years from today? What knowledge and skills will you need and how will you acquire them? What is your plan for your economic and financial future?
We are now in the knowledge age. Today, the chief factors of production are knowledge and the ability to apply that knowledge to achieving results for other people. Your earning ability today is largely dependent upon your knowledge, skill and your ability to combine that knowledge and skill in such a way that you contribute value for which customers are going to pay.
The Law of Three says that you must contribute three dollars of profit for every dollar that you wish to earn in salary. It costs a company approximately double your salary to employ you in terms of space, benefits, supervision, and investment in furniture, fixtures, and other resources. For a company to hire you, they have to make a profit on what they pay you. Therefore, you must contribute value greatly in excess of the amount you earn in order to stay employed. To put it another way, your earning ability must be considerably greater than the amount you are receiving, or you will find yourself looking for another job.
To position yourself for tomorrow, here is one of the most important rules you will ever learn: “The future belongs to the competent.” The future belongs to those men and women who are very good at what they do. Pat Riley, in his book The Winner Within, wrote that, “If you are not committed to getting better at what you are doing, you are bound to get worse.” To phrase it another way, anything less than a commitment to excellent performance on your part is an unconscious acceptance of mediocrity. It used to be that you needed to be excellent to rise above the competition in your industry. Today, you must be excellent even to keep your job in your industry.
The marketplace is a stern task master. Today, excellence, quality, and value are absolutely essential elements of any product or service, and of the work of any person. Your earning ability is largely determined by the perception of excellence, quality, and value that others have of you and what you do. The market only pays excellent rewards for excellent performance. It pays average rewards for average performance, and it pays below average rewards or unemployment for below average performance. Customers today want the very most and the very best for the very least amount of money, and on the best terms. Only the individuals and companies that provide absolutely excellent products and services at absolutely excellent prices will survive. It’s not personal. It’s just the way our economy works.
To earn more, you must learn more. You are maxed out today at your current level of knowledge and skill. However much you are earning at this moment is the maximum you can earn without learning and practicing something new and different.
And here’s the rub. Your accumulated knowledge and experience is becoming obsolete bit by bit, day by day. The knowledge in your field is doubling every three to five years. That means that your knowledge must double every three to five years just for you to stay even.
The solution to the dilemma of unavoidable change and restructuring is continuous self-development. Your personal knowledge and your ability to apply that knowledge are your most valuable assets. To stay on top of your world, you must continually add to your knowledge and your ability. You must continually build up your mental assets if you want to enjoy a continuous return on your investment. And only by building on your current assets do you stop them from deteriorating.
By engaging in continuous self-improvement, you can put yourself behind the wheel of your own life. By dedicating yourself to enhancing your earning ability, you will automatically be engaging in the continuous process of personal development. By learning more, you prepare yourself to earn more. You position yourself for tomorrow by developing the knowledge and skills that you need to be a valuable and productive part of our economy, no matter which direction it goes.
By: Brian Tracy
Tuesday, May 11, 2010
Hello Mr. President!
While speaking at a seminar the other day, I asked the audience, “How many people here are self-employed.” Of the 3,000 people who had come for motivation and inspiration, only about 300 raised their hands.
That’s the usual number. About 10 percent. I know because I ask audiences that question all the time when I’m trying to make a key point.
I then tell them, “The biggest mistake you can ever make is to think that you work for anyone else but yourself. You’re all self-employed. From the time you take your first job to the day you retire, you’re working for yourself.” And this goes for you as well.
You are the president of your own personal services corporation. You are the Chief Executive Officer, the Chairman of the Board. Legally, you can form your own sole proprietorship, and using your own name (William Smith and Associates, Susan Jones and Associates) just by deciding to do so. You can print business cards today with your name and the word “President” under it.
You don’t need permission from anyone. You don’t need to register anywhere. You can be the president of your own legal corporation from this moment forth.
You are the president of your own career. You are the boss of your own life. Your current employer is merely your “best client.” If another client offers you a better deal, you can take your personal services and sell them elsewhere.
How, some things in life are optional and some things are mandatory. Going to Fiji for your vacation is optional. Being president of your own life is mandatory. The only question is whether you accept it or not.
The very act of defining yourself as self-employed, no matter who signs your paycheck, moves you into the top three percent of Americans. These are the people who “act like they own the place.” This elite is distinguished from others by their attitude toward themselves and their lives. They are proactive rather than reactive. They take charge of their work situations rather than accepting them passively.
You choose your own job. You set the terms of your employment. You decide your own pay. If you want a raise, look in the mirror and negotiate with your boss. You’re in charge. How, what are you going to do about it?
By: Brian Tracy
That’s the usual number. About 10 percent. I know because I ask audiences that question all the time when I’m trying to make a key point.
I then tell them, “The biggest mistake you can ever make is to think that you work for anyone else but yourself. You’re all self-employed. From the time you take your first job to the day you retire, you’re working for yourself.” And this goes for you as well.
You are the president of your own personal services corporation. You are the Chief Executive Officer, the Chairman of the Board. Legally, you can form your own sole proprietorship, and using your own name (William Smith and Associates, Susan Jones and Associates) just by deciding to do so. You can print business cards today with your name and the word “President” under it.
You don’t need permission from anyone. You don’t need to register anywhere. You can be the president of your own legal corporation from this moment forth.
You are the president of your own career. You are the boss of your own life. Your current employer is merely your “best client.” If another client offers you a better deal, you can take your personal services and sell them elsewhere.
How, some things in life are optional and some things are mandatory. Going to Fiji for your vacation is optional. Being president of your own life is mandatory. The only question is whether you accept it or not.
The very act of defining yourself as self-employed, no matter who signs your paycheck, moves you into the top three percent of Americans. These are the people who “act like they own the place.” This elite is distinguished from others by their attitude toward themselves and their lives. They are proactive rather than reactive. They take charge of their work situations rather than accepting them passively.
You choose your own job. You set the terms of your employment. You decide your own pay. If you want a raise, look in the mirror and negotiate with your boss. You’re in charge. How, what are you going to do about it?
By: Brian Tracy
Monday, April 26, 2010
Give Me A Break
The most dangerous and life threatening psychological illness-afflicting America today is what Dr. Martin Seligman calls “Learned Helplessness.”
More than twenty-five years of research in cognitive psychology, the study of how your thoughts affect your behaviors, has reached a startling conclusion; chains of our own making bind us all.
Amahans Maslow said that the story of the human race is the story of men and women “selling themselves short.” We have a tendency to settle for less and to make excuses instead of progress.
Give me a break! You’ve heard the saying, “I cried because I had no shoes. Then I met a man who had no feet.” Well, I’m just as tempted, as you are to fall in love with my excuses for the things I’m not happy about, but unfortunately, it can become a real trap!
Everyone wants to be happy, healthy, and financially independent and working at something they enjoy. Well, why aren’t they? Why aren’t you? What are your excuses? What’s holding you back?
But, you say, “I have very good and valid reasons for being in this unsatisfactory situation.”
Do you? Here’s the test. Ask yourself, “Is there anyone else with my particular problem or obstacle that is succeeding in spite of it?”
If there is, your excuse doesn’t hold water. Whatever it is, there are probably thousands of men and women who’ve had it far worse than you could ever imagine, who have overcome their obstacles and are doing well.
There are men and women who have become paraplegics and quadriplegics, confined to wheel chairs for life, who are busy, happy, successful and respected by those around them.
There are men and women with every conceivable problem who are building good lives for themselves.
Give me a break! What they have done, you can do. They’d probably give anything to trade places with you. Your excuses don’t hold water. Go for it!
By: Brian Tracy
More than twenty-five years of research in cognitive psychology, the study of how your thoughts affect your behaviors, has reached a startling conclusion; chains of our own making bind us all.
Amahans Maslow said that the story of the human race is the story of men and women “selling themselves short.” We have a tendency to settle for less and to make excuses instead of progress.
Give me a break! You’ve heard the saying, “I cried because I had no shoes. Then I met a man who had no feet.” Well, I’m just as tempted, as you are to fall in love with my excuses for the things I’m not happy about, but unfortunately, it can become a real trap!
Everyone wants to be happy, healthy, and financially independent and working at something they enjoy. Well, why aren’t they? Why aren’t you? What are your excuses? What’s holding you back?
But, you say, “I have very good and valid reasons for being in this unsatisfactory situation.”
Do you? Here’s the test. Ask yourself, “Is there anyone else with my particular problem or obstacle that is succeeding in spite of it?”
If there is, your excuse doesn’t hold water. Whatever it is, there are probably thousands of men and women who’ve had it far worse than you could ever imagine, who have overcome their obstacles and are doing well.
There are men and women who have become paraplegics and quadriplegics, confined to wheel chairs for life, who are busy, happy, successful and respected by those around them.
There are men and women with every conceivable problem who are building good lives for themselves.
Give me a break! What they have done, you can do. They’d probably give anything to trade places with you. Your excuses don’t hold water. Go for it!
By: Brian Tracy
Wednesday, April 14, 2010
Getting Your Ideas Across
Over the years, I’ve learned that fully 85 percent of what you accomplish in your career and in your personal life will be determined by how well you get your message across and by how capable you are of inspiring people to take action on your ideas and recommendations.
You can be limited in other respects⎯by education, contacts and intelligence⎯but if you can interact effectively with others, minute by minute and hour by hour, your future can be unlimited.
I an going to share with you some ideas, techniques and skills that you can use to accelerate your progress toward power communication. But first, there are two major myths about communication that must be dispelled.
The first myth, which many people believe, is that because they can talk, they can communicate with others. Men especially, according to the research, think that by speaking louder and faster, they’re more effective in dealing with people. Many people think that because they have the gift of gab, because they have no problem talking to others on any subject that comes to mind, they’re good communicators.
Often, exactly the opposite is true. Many people who talk a lot are often poor communicators⎯even terrible communicators. Many people in sales and business think that being able to string a lot of words together in a breathless fashion makes them excellent at getting a message understood by others. However, in most cases, those people are seen as boring or obnoxious, or both.
Let me say this slowly and clearly: The ability to talk is not the same as the ability to communicate. As I will discuss later, the ability to communicate is the ability both to send and to receive a message. The ability to communicate is the ability to make an impact on the thoughts, feelings and actions of someone. Many people who consider themselves excellent talkers are not very effective at all in this regard.
So let’s dispel the first myth, the myth that talking is equal to communicating. Don’t allow yourself to become complacent. The ability to talk to one or more persons is only the basic requirement for communication. It’s the starting point. It’s the jumping-off place. Effective communication is something else again.
The second myth about effective communication is that it’s a skill that people are born with. Either you have it or you don’t have it. If you’re not extroverted, gregarious and outgoing, you don’t have what it takes to be a good communicator.
Again, nothing could be further from the truth. Communication is a skill that you can learn. it’s like riding a bicycle or typing. It takes time and practice, over and over. But if you’re willing to work at it, you can rapidly improve the quality of every part of your life, as you will soon see.
Communication requires both a sender and a receiver. The process of communication happens rapidly, and this same process takes place whenever two or more people exchange ideas. First, the sender thinks of an idea or image that he or she wishes to convey to the receiver. The sender then translates the idea or image into a form, or words, either written or spoken. Those words constitute the basic message that is transmitted to the receiver. The receiver catches the words, like a baseball player catches a baseball, and then translates the words into the ideas and pictures that they represent in order to understand the message that was sent.
The receiver then acknowledges receipt, and replies by translating his or her ideas and pictures into words and transmitting them to the sender. When the message has been sent and the receiver has acknowledged receiving it by transmitting a response that the sender receives, accepts and understands, the communication is complete.
If this sounds complicated, it is. Probably 99 percent of all the difficulties between human beings, and within organizations, are caused by breakdowns in the communication process. Either the senders do not say what they mean clearly enough, or the receivers do not receive the message in the form in which it was intended.
An enormous number of factors can interfere in any communication, and every one of them can lead to a distortion of the message in some way. Probably every problem you’ll ever have will be somehow associated with a failure or breakdown in the communication process.
Let me explain. According to Albert Mehrabian, a communications specialist, there are three elements in any direct, face-to-face communication: words, tone of voice and body language. You’ve probably heard that words account for only 7 percent of the message, tone of voice accounts for 38 percent of the message, and body language accounts for fully 55 percent of the message. For an effective communication to take place, all three parts of the message must be congruent. If there is any incongruency, the receiver will be confused and will tend to accept the predominant form of communication rather than simply the literal meaning of the words.
Very often, you will say something that you feel is innocuous to a person and he will be offended. When you try to explain that you felt the words you used were inoffensive, the person will tell you that your tone of voice was the issue.
The third ingredient of communication, body language, is also very important. The way you sit or stand or incline your head or move your eyes, relative to the person with whom You’re communicating, will have an enormous effect on the message received.
For example, you can dramatically increase the effect of your communications by leaning toward the person You’re speaking with. If You’re sitting down, this is easy. If You’re standing up, you can accomplish the same effect by shifting your weight forward onto the balls of your feet and leaning slightly toward the person You’re talking to. When you make direct eye and face contact with the person, combined with focused attention, you double the impact of what You’re saying.
In fact, one of the easiest ways for you to break off a conversation, almost like knocking a needle off a phonograph record, is by just turning away from a person and looking into the distance when he is speaking. That will usually abruptly cause the person to stop speaking. He will feel that he’s just been abandoned in the middle of the conversation.
So your choice of words is important, but even more important is your tone of voice and your body language. The better you can coordinate all three of those ingredients, the more impact your message will have, and the greater will be the likelihood that a person will both understand it and react the way you want him to.
you’ve heard the saying that God gave man two ears and one mouth, and in conversation, you should use them in those proportions. Truer words were never spoken. The best communicators are excellent listeners. The worst communicators are continuous talkers. In fact, often the most important part of the message is the part that is conveyed by the pauses you make between thoughts and ideas. The message is conveyed in the silence that takes place during the lulls in conversation. All master communicators have learned to be comfortable with silence. Remember that a person can absorb only a certain amount of information, as ground can absorb only a certain amount of water. If you pour too much water onto the ground, it will form into puddles instead of soak in. A person’s mind is very much the same. If you don’t give someone an opportunity to absorb what you’re saying, by pausing and waiting quietly and patiently, he will be overwhelmed by the continuous stream of thoughts and ideas, and often will distort the message and miss the point.
One of the most vital requirements for effective communication, especially with important messages, is preparation. Preparation is the mark of the true professional. The late Coach Paul “Bear” Bryant of the University of Alabama football team was famous for saying, “It’s not the will to win but the will to prepare to win that counts.” In all communications, the will to prepare in advance of talking and interacting with people is the key to achieving maximum effectiveness.
In high school and college debating, where the individuals and teams are judged on the effectiveness of their ability to get their ideas across and to win their points, they’re taught to prepare exhaustively. Especially, they’re taught to prepare the debate from the point of view of the opposition before they prepare their own arguments. Lawyers were taught to do this in law school. Before they go into court, lawyers think through every possible piece of evidence or information that favors the opposing party. They then prepare their arguments in such a way as to undermine what they think the opposing party will present as its strongest point.
Remember that in communicating, people do things for their own reasons, not for yours. Everyone’s favorite radio station is WIIFM, which means “What’s in it for me?”
The more important the communication, either in business or personal life, the more important it is to prepare for it. Think through where the other person is coming from. What is his or her point of view? What are his or her problems or concerns? What is he or she trying to accomplish? What is his or her level of knowledge or information about the subject under discussion?
The best communicators do not use a lot of words, but they choose their words carefully, in advance. People appreciate straight talking. Avoid the tendency to dress up your message and sugarcoat it. When you have a question or a concern, or you want something, come right out and say it without confusion or distortion. You’ll be amazed at how much better you feel and how much more positively someone will respond to your message.
In getting your point across, perhaps the most important word of all is the word ask. The most effective people are those who are the best at asking for what they want. They ask questions to uncover real needs and concerns. They ask questions to illuminate objections and problems that people might have with what They’re suggesting. They ask questions to expand the conversation and to increase their understanding of where people are really coming from.
You get your message understood by getting out of yourself, by putting your ego aside, and by focusing all of your attention on the other person. You get people to do the things you want them to do by presenting your arguments in terms of their interests, in terms of what they want to be and have and do. You prepare thoroughly in advance of any important conversation. You think before you speak, and you think on paper. You can say almost anything if you say it, or ask it, pleasantly, positively and with courtesy and friendliness.
The ability to communicate is a skill that you can learn by becoming genuinely interested in people and by putting their needs ahead of your own when sending a message or asking them to do something for you. When you concentrate your attention on building trust, on the one hand, and on seeking to understand, on the other hand, You’ll become known and respected as an effective communicator everywhere you go.
By: Brian Tracy
You can be limited in other respects⎯by education, contacts and intelligence⎯but if you can interact effectively with others, minute by minute and hour by hour, your future can be unlimited.
I an going to share with you some ideas, techniques and skills that you can use to accelerate your progress toward power communication. But first, there are two major myths about communication that must be dispelled.
The first myth, which many people believe, is that because they can talk, they can communicate with others. Men especially, according to the research, think that by speaking louder and faster, they’re more effective in dealing with people. Many people think that because they have the gift of gab, because they have no problem talking to others on any subject that comes to mind, they’re good communicators.
Often, exactly the opposite is true. Many people who talk a lot are often poor communicators⎯even terrible communicators. Many people in sales and business think that being able to string a lot of words together in a breathless fashion makes them excellent at getting a message understood by others. However, in most cases, those people are seen as boring or obnoxious, or both.
Let me say this slowly and clearly: The ability to talk is not the same as the ability to communicate. As I will discuss later, the ability to communicate is the ability both to send and to receive a message. The ability to communicate is the ability to make an impact on the thoughts, feelings and actions of someone. Many people who consider themselves excellent talkers are not very effective at all in this regard.
So let’s dispel the first myth, the myth that talking is equal to communicating. Don’t allow yourself to become complacent. The ability to talk to one or more persons is only the basic requirement for communication. It’s the starting point. It’s the jumping-off place. Effective communication is something else again.
The second myth about effective communication is that it’s a skill that people are born with. Either you have it or you don’t have it. If you’re not extroverted, gregarious and outgoing, you don’t have what it takes to be a good communicator.
Again, nothing could be further from the truth. Communication is a skill that you can learn. it’s like riding a bicycle or typing. It takes time and practice, over and over. But if you’re willing to work at it, you can rapidly improve the quality of every part of your life, as you will soon see.
Communication requires both a sender and a receiver. The process of communication happens rapidly, and this same process takes place whenever two or more people exchange ideas. First, the sender thinks of an idea or image that he or she wishes to convey to the receiver. The sender then translates the idea or image into a form, or words, either written or spoken. Those words constitute the basic message that is transmitted to the receiver. The receiver catches the words, like a baseball player catches a baseball, and then translates the words into the ideas and pictures that they represent in order to understand the message that was sent.
The receiver then acknowledges receipt, and replies by translating his or her ideas and pictures into words and transmitting them to the sender. When the message has been sent and the receiver has acknowledged receiving it by transmitting a response that the sender receives, accepts and understands, the communication is complete.
If this sounds complicated, it is. Probably 99 percent of all the difficulties between human beings, and within organizations, are caused by breakdowns in the communication process. Either the senders do not say what they mean clearly enough, or the receivers do not receive the message in the form in which it was intended.
An enormous number of factors can interfere in any communication, and every one of them can lead to a distortion of the message in some way. Probably every problem you’ll ever have will be somehow associated with a failure or breakdown in the communication process.
Let me explain. According to Albert Mehrabian, a communications specialist, there are three elements in any direct, face-to-face communication: words, tone of voice and body language. You’ve probably heard that words account for only 7 percent of the message, tone of voice accounts for 38 percent of the message, and body language accounts for fully 55 percent of the message. For an effective communication to take place, all three parts of the message must be congruent. If there is any incongruency, the receiver will be confused and will tend to accept the predominant form of communication rather than simply the literal meaning of the words.
Very often, you will say something that you feel is innocuous to a person and he will be offended. When you try to explain that you felt the words you used were inoffensive, the person will tell you that your tone of voice was the issue.
The third ingredient of communication, body language, is also very important. The way you sit or stand or incline your head or move your eyes, relative to the person with whom You’re communicating, will have an enormous effect on the message received.
For example, you can dramatically increase the effect of your communications by leaning toward the person You’re speaking with. If You’re sitting down, this is easy. If You’re standing up, you can accomplish the same effect by shifting your weight forward onto the balls of your feet and leaning slightly toward the person You’re talking to. When you make direct eye and face contact with the person, combined with focused attention, you double the impact of what You’re saying.
In fact, one of the easiest ways for you to break off a conversation, almost like knocking a needle off a phonograph record, is by just turning away from a person and looking into the distance when he is speaking. That will usually abruptly cause the person to stop speaking. He will feel that he’s just been abandoned in the middle of the conversation.
So your choice of words is important, but even more important is your tone of voice and your body language. The better you can coordinate all three of those ingredients, the more impact your message will have, and the greater will be the likelihood that a person will both understand it and react the way you want him to.
you’ve heard the saying that God gave man two ears and one mouth, and in conversation, you should use them in those proportions. Truer words were never spoken. The best communicators are excellent listeners. The worst communicators are continuous talkers. In fact, often the most important part of the message is the part that is conveyed by the pauses you make between thoughts and ideas. The message is conveyed in the silence that takes place during the lulls in conversation. All master communicators have learned to be comfortable with silence. Remember that a person can absorb only a certain amount of information, as ground can absorb only a certain amount of water. If you pour too much water onto the ground, it will form into puddles instead of soak in. A person’s mind is very much the same. If you don’t give someone an opportunity to absorb what you’re saying, by pausing and waiting quietly and patiently, he will be overwhelmed by the continuous stream of thoughts and ideas, and often will distort the message and miss the point.
One of the most vital requirements for effective communication, especially with important messages, is preparation. Preparation is the mark of the true professional. The late Coach Paul “Bear” Bryant of the University of Alabama football team was famous for saying, “It’s not the will to win but the will to prepare to win that counts.” In all communications, the will to prepare in advance of talking and interacting with people is the key to achieving maximum effectiveness.
In high school and college debating, where the individuals and teams are judged on the effectiveness of their ability to get their ideas across and to win their points, they’re taught to prepare exhaustively. Especially, they’re taught to prepare the debate from the point of view of the opposition before they prepare their own arguments. Lawyers were taught to do this in law school. Before they go into court, lawyers think through every possible piece of evidence or information that favors the opposing party. They then prepare their arguments in such a way as to undermine what they think the opposing party will present as its strongest point.
Remember that in communicating, people do things for their own reasons, not for yours. Everyone’s favorite radio station is WIIFM, which means “What’s in it for me?”
The more important the communication, either in business or personal life, the more important it is to prepare for it. Think through where the other person is coming from. What is his or her point of view? What are his or her problems or concerns? What is he or she trying to accomplish? What is his or her level of knowledge or information about the subject under discussion?
The best communicators do not use a lot of words, but they choose their words carefully, in advance. People appreciate straight talking. Avoid the tendency to dress up your message and sugarcoat it. When you have a question or a concern, or you want something, come right out and say it without confusion or distortion. You’ll be amazed at how much better you feel and how much more positively someone will respond to your message.
In getting your point across, perhaps the most important word of all is the word ask. The most effective people are those who are the best at asking for what they want. They ask questions to uncover real needs and concerns. They ask questions to illuminate objections and problems that people might have with what They’re suggesting. They ask questions to expand the conversation and to increase their understanding of where people are really coming from.
You get your message understood by getting out of yourself, by putting your ego aside, and by focusing all of your attention on the other person. You get people to do the things you want them to do by presenting your arguments in terms of their interests, in terms of what they want to be and have and do. You prepare thoroughly in advance of any important conversation. You think before you speak, and you think on paper. You can say almost anything if you say it, or ask it, pleasantly, positively and with courtesy and friendliness.
The ability to communicate is a skill that you can learn by becoming genuinely interested in people and by putting their needs ahead of your own when sending a message or asking them to do something for you. When you concentrate your attention on building trust, on the one hand, and on seeking to understand, on the other hand, You’ll become known and respected as an effective communicator everywhere you go.
By: Brian Tracy
Tuesday, April 6, 2010
Generating Energy
You may have a thousand different goals over the course of your lifetime, but they all will fall into one of four basic categories. Everything you do is an attempt to enhance the quality of your life in one or more of these areas.
The first category is your desire for happy relationships. You want to love and be loved by others. You want to have a happy, harmonious home life. You want to get along well with the people around you, and you want to earn the respect of the people you respect. Your involvement in social and community affairs results from your desire to have happy interactions with others and to make a contribution to the society you live in.
The second category is your desire for interesting and challenging work. You want to make a good living, of course, but more than that, you want to really enjoy your occupation or profession. The very best times of your life are when you are completely absorbed in your work.
The third category is your desire for financial independence. You want to be free from worries about money. You want to have enough money in the bank so that you can make decisions without counting your pennies. You want to achieve a certain financial state so that you can retire in comfort and never have to be concerned about whether or not you have enough money to support your lifestyle. Financial independence frees you from poverty and a need to depend upon others for your livelihood. If you save and invest regularly throughout your working life, you will eventually reach the point where you will never have to work again.
The fourth category is your desire for good health, to be free of pain and illness and to have a continuous flow of energy and feelings of well-being. In fact, your health is so central t your life that you take it for granted until something happens to disrupt it.
The common denominator of these four goals, and the essential requirement for achieving each of them, is a high level of energy. The achievement of even a small amount of success in any one of these areas requires the development and expenditure of energy. Energy is a critical fuel and the one ingredient without which no other accomplishment is possible.
The aim of strategic planning for corporations is to find ways to organize the business to increase ROE, return on equity. ROE refers to the return on the capital invested in the enterprise. By shifting resources from areas of lower value to areas of higher potential value, the ROE in the business an be increased. In personal strategic planning, the aim is similar. It is also to increase ROE, but in this case, ROE stands for return on energy. All the work on personal development, self-improvement, goal setting, and time management is aimed at helping you to increase your return on energy, or as my friend Ken Blanchard calls it, “your return on life.” You are continually organizing and reorganizing your time and your resources so that you can get the very most pleasure, satisfaction, and rewards from the time and energy you put into your activities on a day-to-day basis.
Whereas companies have financial capital, you have human capital. Your human capital is composed of mental, emotional, and physical energy. The more energy you have to invest, and the more intelligently you invest it, the greater will be your rewards.
It is not the amount of time that you spend at your work or on your relationships that matters. Rather, it is the amount of yourself that you put into the time. If you have gone to bed late, gotten up early, and gone to work tired, you may be physically present for eight hours, but the quality and quantity of work that you can accomplish during that period of time is compromised. You’ll achieve only a small percentage of your potential productivity compared with what you can accomplish when you are fully rested and filled with enthusiasm.
In every area of your life, it is the quality of the time that you put into your activities that determines the rewards and satisfaction that you receive from them; this depends upon your energy level.
Building and sustaining your energy level is imperative. Since your energy is central to everything you accomplish, you should be very sensitive to things that either build or deplete it. Here are six keys to building and maintaining a high level of energy and vitality:
1. Proper weight. Carrying extra weight on your body is like carrying a pack loaded with bricks on your back — uphill. Excess weight tires you out. It taxes your heart, your lungs, and your muscles. Extra weight forces your body to burn up more energy than it normally would just to maintain life and proper functioning.
On the other hand, losing weight will increase your energy level almost immediately. Your self-esteem will go up. You will feel healthier and happier. As you lose weight, you will feel a greater sense of power and personal control. When you reach your ideal weight, you will be more effective in everything else you do.
2. Proper diet. The foods you eat have a tremendous impact on your energy level throughout the day. Changes in your diet can make you feel fresher, more alive, more alert, and filled with greater vitality than you can imagine.
The way to live to a ripe, happy, healthy old age is to shift the proportions of food you eat so you are consuming more fruits, vegetables, and whole-grain products. When you get used to eating highly nutritious foods, you’ll be less willing to eat foods that are not particularly good for you.
3. Proper exercise. The more regularly you exercise, the more energy you have, the better you feel, and the longer you will live. Regular exercise enhances your digestion, reduces the number of hours that you need to sleep, and increases your vitality in the physical, mental, and emotional realms.
There are three basic types of exercise: flexibility, strength, and endurance.
Flexibility exercises, such as yoga, require gentle stretching of all your muscles and the articulation of each of your joints each day. The more you stretch your muscles on a regular basis, the more relaxed, coordinated, and looser you will feel.
Strength exercises include calisthenics, weight lifting, and other exercises that build your muscles.
But perhaps the most important are endurance, or aerobic, exercises. One of the keys to long life and good health is aerobic exercise at least three times per week for a minimum of 30 minutes per time. You can achieve aerobic fitness by walking, running, swimming, cycling, rowing, or cross-country skiing. The important thing is that you exercise at least three times per week — and many people say five times per week — for the rest of your life. This will affect your levels of health and energy in everything else you do. Everything counts.
4. Proper rest and recreation. On average, you need seven to eight hours of good, solid sleep each night. Some people can get by on less. But you should plan and organize your evenings so that you are “early to bed and early to rise.” Remember, nature demands balance in all things. If you are going to work hard during the day, you must take time off to rest and recuperate in the evenings and on the weekends. The more balance you have between work and recreation, the more energy you will have and the more productive you will be.
5. Proper breathing. By breathing, I mean deep diaphragmatic breathing, where you fill your lungs to the count of 10, hold to the count of 10, and then exhale to the count of 10. If you do this seven to 10 times, two or three times per day, you will be amazed at how much fresher and more relaxed you feel.
6. Proper attitude. Positive Mental Attitude seems to go hand in hand with great achievement and success in every walk of life. The more positive you are, the more energy you have. The more positive you are, the happier you are. The more positive you are, the more positive are the people and situations you attract into your life. The more positive you are, the easier it seems for you to get the cooperation of other people. The more positive you are, the more effectively you perform.
On the other hand, negative emotions drain your energy, enthusiasm, and vitality. They tire you out and depress your immune system. Bouts of fear, anger, doubt, resentment, or guilt will be manifested in your physical body.
Keep your energy level high by always looking for the good in every person, in every situation. Seek the valuable lesson in every setback or adversity. Look for the equal or greater benefit that comes out of every disappointment. Be a perennial optimist. Be cheerful and positive. Be helpful and supportive. Be a source of encouragement and inspiration. Be the kind of person everybody looks forward to seeing and talking to.
Every success is the result of hundreds, and perhaps thousands, of tiny efforts that nobody may ever see or appreciate. These tiny efforts, sacrifices, and disciplines accumulate to make you an extraordinary person.
Everything that you do counts in some way. Nothing is neutral. Everything either helps you or hurts you. Everything either adds up or takes away. Everything either propels you toward your goal or moves you away from it. Everything counts.
With regard to your levels of health and energy, everything that you do, or don’t do, will have an impact on how you feel and how you perform. And the results of all these activities are cumulative. People who are healthy and energetic in their 50s and 60s were engaging in positive health habits in their 20s and 30s. People who live a long, healthy, happy life into their 80s are people who began planning for it and disciplining themselves in their 30s and 40s. Everything counts.
By: Brian Tracy
www.focalpointcoaching.com
The first category is your desire for happy relationships. You want to love and be loved by others. You want to have a happy, harmonious home life. You want to get along well with the people around you, and you want to earn the respect of the people you respect. Your involvement in social and community affairs results from your desire to have happy interactions with others and to make a contribution to the society you live in.
The second category is your desire for interesting and challenging work. You want to make a good living, of course, but more than that, you want to really enjoy your occupation or profession. The very best times of your life are when you are completely absorbed in your work.
The third category is your desire for financial independence. You want to be free from worries about money. You want to have enough money in the bank so that you can make decisions without counting your pennies. You want to achieve a certain financial state so that you can retire in comfort and never have to be concerned about whether or not you have enough money to support your lifestyle. Financial independence frees you from poverty and a need to depend upon others for your livelihood. If you save and invest regularly throughout your working life, you will eventually reach the point where you will never have to work again.
The fourth category is your desire for good health, to be free of pain and illness and to have a continuous flow of energy and feelings of well-being. In fact, your health is so central t your life that you take it for granted until something happens to disrupt it.
The common denominator of these four goals, and the essential requirement for achieving each of them, is a high level of energy. The achievement of even a small amount of success in any one of these areas requires the development and expenditure of energy. Energy is a critical fuel and the one ingredient without which no other accomplishment is possible.
The aim of strategic planning for corporations is to find ways to organize the business to increase ROE, return on equity. ROE refers to the return on the capital invested in the enterprise. By shifting resources from areas of lower value to areas of higher potential value, the ROE in the business an be increased. In personal strategic planning, the aim is similar. It is also to increase ROE, but in this case, ROE stands for return on energy. All the work on personal development, self-improvement, goal setting, and time management is aimed at helping you to increase your return on energy, or as my friend Ken Blanchard calls it, “your return on life.” You are continually organizing and reorganizing your time and your resources so that you can get the very most pleasure, satisfaction, and rewards from the time and energy you put into your activities on a day-to-day basis.
Whereas companies have financial capital, you have human capital. Your human capital is composed of mental, emotional, and physical energy. The more energy you have to invest, and the more intelligently you invest it, the greater will be your rewards.
It is not the amount of time that you spend at your work or on your relationships that matters. Rather, it is the amount of yourself that you put into the time. If you have gone to bed late, gotten up early, and gone to work tired, you may be physically present for eight hours, but the quality and quantity of work that you can accomplish during that period of time is compromised. You’ll achieve only a small percentage of your potential productivity compared with what you can accomplish when you are fully rested and filled with enthusiasm.
In every area of your life, it is the quality of the time that you put into your activities that determines the rewards and satisfaction that you receive from them; this depends upon your energy level.
Building and sustaining your energy level is imperative. Since your energy is central to everything you accomplish, you should be very sensitive to things that either build or deplete it. Here are six keys to building and maintaining a high level of energy and vitality:
1. Proper weight. Carrying extra weight on your body is like carrying a pack loaded with bricks on your back — uphill. Excess weight tires you out. It taxes your heart, your lungs, and your muscles. Extra weight forces your body to burn up more energy than it normally would just to maintain life and proper functioning.
On the other hand, losing weight will increase your energy level almost immediately. Your self-esteem will go up. You will feel healthier and happier. As you lose weight, you will feel a greater sense of power and personal control. When you reach your ideal weight, you will be more effective in everything else you do.
2. Proper diet. The foods you eat have a tremendous impact on your energy level throughout the day. Changes in your diet can make you feel fresher, more alive, more alert, and filled with greater vitality than you can imagine.
The way to live to a ripe, happy, healthy old age is to shift the proportions of food you eat so you are consuming more fruits, vegetables, and whole-grain products. When you get used to eating highly nutritious foods, you’ll be less willing to eat foods that are not particularly good for you.
3. Proper exercise. The more regularly you exercise, the more energy you have, the better you feel, and the longer you will live. Regular exercise enhances your digestion, reduces the number of hours that you need to sleep, and increases your vitality in the physical, mental, and emotional realms.
There are three basic types of exercise: flexibility, strength, and endurance.
Flexibility exercises, such as yoga, require gentle stretching of all your muscles and the articulation of each of your joints each day. The more you stretch your muscles on a regular basis, the more relaxed, coordinated, and looser you will feel.
Strength exercises include calisthenics, weight lifting, and other exercises that build your muscles.
But perhaps the most important are endurance, or aerobic, exercises. One of the keys to long life and good health is aerobic exercise at least three times per week for a minimum of 30 minutes per time. You can achieve aerobic fitness by walking, running, swimming, cycling, rowing, or cross-country skiing. The important thing is that you exercise at least three times per week — and many people say five times per week — for the rest of your life. This will affect your levels of health and energy in everything else you do. Everything counts.
4. Proper rest and recreation. On average, you need seven to eight hours of good, solid sleep each night. Some people can get by on less. But you should plan and organize your evenings so that you are “early to bed and early to rise.” Remember, nature demands balance in all things. If you are going to work hard during the day, you must take time off to rest and recuperate in the evenings and on the weekends. The more balance you have between work and recreation, the more energy you will have and the more productive you will be.
5. Proper breathing. By breathing, I mean deep diaphragmatic breathing, where you fill your lungs to the count of 10, hold to the count of 10, and then exhale to the count of 10. If you do this seven to 10 times, two or three times per day, you will be amazed at how much fresher and more relaxed you feel.
6. Proper attitude. Positive Mental Attitude seems to go hand in hand with great achievement and success in every walk of life. The more positive you are, the more energy you have. The more positive you are, the happier you are. The more positive you are, the more positive are the people and situations you attract into your life. The more positive you are, the easier it seems for you to get the cooperation of other people. The more positive you are, the more effectively you perform.
On the other hand, negative emotions drain your energy, enthusiasm, and vitality. They tire you out and depress your immune system. Bouts of fear, anger, doubt, resentment, or guilt will be manifested in your physical body.
Keep your energy level high by always looking for the good in every person, in every situation. Seek the valuable lesson in every setback or adversity. Look for the equal or greater benefit that comes out of every disappointment. Be a perennial optimist. Be cheerful and positive. Be helpful and supportive. Be a source of encouragement and inspiration. Be the kind of person everybody looks forward to seeing and talking to.
Every success is the result of hundreds, and perhaps thousands, of tiny efforts that nobody may ever see or appreciate. These tiny efforts, sacrifices, and disciplines accumulate to make you an extraordinary person.
Everything that you do counts in some way. Nothing is neutral. Everything either helps you or hurts you. Everything either adds up or takes away. Everything either propels you toward your goal or moves you away from it. Everything counts.
With regard to your levels of health and energy, everything that you do, or don’t do, will have an impact on how you feel and how you perform. And the results of all these activities are cumulative. People who are healthy and energetic in their 50s and 60s were engaging in positive health habits in their 20s and 30s. People who live a long, healthy, happy life into their 80s are people who began planning for it and disciplining themselves in their 30s and 40s. Everything counts.
By: Brian Tracy
www.focalpointcoaching.com
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