Archive for Courage

NINE THINGS MORE IMPORTANT THAN CAPITAL by Jim Rohn

Posted in General Management, Life Management, Nice Things More Important Than Capital with tags , , , , , , , , , , , , , , on December 13, 2010 by Robert Finkelstein

In addition to the inspirational quotes, the beautiful images, my own personal and business blogs, the recommended reading list, and information on my consulting business, I would like to share some of the writings of various thought leaders.

NINE THINGS MORE IMPORTANT THAN CAPITAL by Jim Rohn

When starting any enterprise or business, whether it is full-time or part-time, we all know the value of having plenty of capital (money). But I bet we both know or at least have heard of people who started with no capital who went on to make fortunes. How? You may ask.

Well, I believe there are actually some things that are more valuable than capital that can lead to your entrepreneurial success. Let me give you the list.

1. Time.

Time is more valuable than capital. The time you set aside not to be wasted, not to be given away. Time you set aside to be invested in an enterprise that brings value to the marketplace with the hope of making a profit. Now we have capital time.

How valuable is time? Time properly invested is worth a fortune. Time wasted can be devastation. Time invested can perform miracles, so you invest your time.

2. Desperation.

I have a friend Lydia, whose first major investment in her new enterprise was desperation. She said, “My kids are hungry, I gotta make this work. If this doesn’t work, what will I do?” So she invested $1 in her enterprise selling a product she believed in. The $1 was to buy a few fliers so she could make a sale at retail, collect the money and then buy the product wholesale to deliver back to the customer.

My friend Bill Bailey went to Chicago as a teenager after he got out of high school. And the first job he got was as a night janitor. Someone said, “Bill, why would you settle for night janitor?” He said, “Malnutrition.” You work at whatever you can possibly get when you get hungry. You go to work somewhere — night janitor, it doesn’t matter where it is. Years later, now Bill is a recipient of the Horatio Alger award, rich and powerful and one of the great examples of lifestyle that I know. But his first job — night janitor. Desperation can be a powerful incentive. When you say – I must.

3. Determination.

Determination says I will. First Lydia said, “I must find a customer.” Desperation. Second, she said, “I will find someone before this first day is over.” Sure enough, she found someone. She said, “If it works once, it will work again.” But then the next person said, “No.” Now what must you invest?

4. Courage.

Courage is more valuable than capital. If you’ve only got $1 and a lot of courage, I’m telling you, you’ve got a good future ahead of you. Courage in spite of the circumstances. Humans can do the most incredible things no matter what happens. Haven’t we heard the stories? There are some recent ones from Kosovo that are some of the most classic, unbelievable stories of being in the depths of hell and finally making it out. It’s humans. You can’t sell humans short. Courage in spite of, not because of, but in spite of. Now once Lydia has made 3 or 4 sales and gotten going, here’s what now takes over.

5. Ambition.

“Wow! If I can sell 3, I can sell 33. If I can sell 33, I can sell 103.” Wow. Lydia is now dazzled by her own dreams of the future.

6. Faith.

Now she begins to believe she’s got a good product. This is probably a good company. And she then starts to believe in herself. Lydia, single mother, 2 kids, no job. “My gosh, I’m going to pull it off!” Her self-esteem starts to soar. These are investments that are unmatched. Money can’t touch it. What if you had a million dollars and no faith? You’d be poor. You wouldn’t be rich. Now here is the next one, the reason why she’s a millionaire today.

7. Ingenuity.

Putting your brains to work. Probably up until now, you’ve put about 1/10 of your brainpower to work. What if you employed the other 9/10? You can’t believe what can happen. Humans can come up with the most intriguing things to do. Ingenuity. What’s ingenuity worth? A fortune. It is more valuable than money. All you need is a $1 and plenty of ingenuity. Figuring out a way to make it work, make it work, make it work.

8. Heart and Soul.

What is a substitute for heart and soul? It’s not money. Money can’t buy heart and soul. Heart and soul is more valuable than a million dollars. A million dollars without heart and soul, you have no life. You are ineffective. But, heart and soul is like the unseen magic that moves people, moves people to buy, moves people to make decisions, moves people to act, moves people to respond.

9. Personality.

You’ve just got to spruce up and sharpen up your own personality. You’ve got plenty of personality. Just get it developed to where it is effective every day, it’s effective no matter who you talk to – whether it is a child or whether it is a business person – whether it is a rich person or a poor person. A unique personality that is at home anywhere. My mentor Bill Bailey taught me, “You’ve got to learn to be just as comfortable, Mr. Rohn, whether it is in a little shack in Kentucky having a beer and watching the fights with Winfred, my old friend or in a Georgian mansion in Washington, DC as the Senator’s guest.” Move with ease whether it is with the rich or whether it is with the poor. And it makes no difference to you who is rich or who is poor. A chance to have a unique relationship with whomever. The kind of personality that’s comfortable. The kind of personality that’s not bent out of shape.

And lastly, let’s not forget charisma and sophistication. Charisma with a touch of humility. This entire list is more valuable than money. With one dollar and the list I just gave you, the world is yours. It belongs to you, whatever piece of it you desire whatever development you wish for your life. I’ve given you the secret. Capital. The kind of capital that is more valuable than money and that can secure your future and fortune. Remember that you lack not the resources.

– Jim Rohn

If you’re interested in a complimentary 30-minute business strategy session, for more information, please refer to my Behind the Scenes Consulting. If you have questions, please email me at Consulting@RobertFinkelstein.com. I welcome your comments below. Thank you.

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THE SEVEN C’S OF SUCCESS by Chris Widener

Posted in General Management, Life Management, THE SEVEN C’S OF SUCCESS with tags , , , , , , , , , , , on December 9, 2010 by Robert Finkelstein

In addition to the inspirational quotes, the beautiful images, my own personal and business blogs, the recommended reading list, and information on my consulting business, I would like to share some of the writings of various thought leaders.

THE SEVEN C’S OF SUCCESS by Chris Widener

Get ready to sail the Seven C’s – the Seven C’s of Success that is. Learn to navigate your ship of destiny in these seven “C’s” if you want to be a total success. Here they are, in alphabetical order:

1. Caring – I believe that to be a true success in this world we must have a bigger vision than simply accomplishing a goal for ourselves or simply lining our own pockets. I believe that successful people have a deep care for others. Yes, they are aggressive, but they are not aggressive to the point that they run roughshod over others.

Question: What is your care factor? Have you placed people in their proper place, as people worthy of dignity, respect, and proper treatment? Or have you begun to treat others as a means to an end for yourself?

2. Character – Becoming a success is more than increasing the digits in your bank account. In fact, I believe ANYONE can increase his or her bank account with a simple plan. Financial development is the easy part. Character development is the hard part, letting each and every experience shape and mold us as we experience them, always moving toward our goal and never allowing negative circumstances to destroy us but make us better people. This is what true success is about!

Question: How is your character? Are you becoming a better person with each passing experience? Are you becoming a rock of wisdom and experience, deepening your foundation of character?

3. Choice – Eisenhower reminded us that our histories are written by choice, not by chance. Every movement you make toward your ultimate success and destiny will be because you choose to move toward it. The actions that you choose, each and every day will add up, over the long-term, to your final destination. The power we have as humans to choose is one of the greatest gifts known to mankind.

Question: Do you choose success with each and every choice you make? Each choice you make either moves you toward your goal or away from it. Which do you choose?

4. Concentration – Often those who fail do so because they lose their concentration. Something else comes along and becomes their newfound fancy. They move from whim to whim, tossed to and fro by the strong blowing winds. The successful person however, stands firm, with their eyes transfixed on the goal. One of my favorite posters as a boy was of George Brett of the Kansas City Royals Baseball Team. The picture was taken just as the bat was hitting the ball. Where were George’s eyes? Straight down the barrel of the bat, looking at the point where the ball and bat came together. Now that is concentration!

Question: How is your concentration? Do you stick to your goal and focus firmly on it, or do you let your mind and heart wander from whim to whim?

5. Confidence – Success comes to those who have the confidence to try, and more than that, the confidence to win. Confidence is something that you can grow in your mind and heart. Each passing victory that you achieve builds more and more confidence in you to draw from the next time you go to fight another battle on your journey to success. Do what you can to build confidence inside of yourself so you will be able to dip deeply into that well when you need it!

Question: How is your confidence? Do you believe that you can achieve what you conceive? Are you winning victories that you can then draw on later?

6. Consistency – People who become a success realize that to a great degree, success is a formula. At the very least it is sticking to doing the right things for a long enough period of time for them to create their destiny. This is consistency. They consistently do the things that will bring them their success. Tiger Woods hits hundreds of practice balls each and every day. He doesn’t do 100 one day, then two days off, then 500 balls, then a day off, then 300 balls, then three days off. No, he knows the power of consistency and has achieved a level of success that that consistency formulated for him.

Question: How is your consistency? Are you consistent? Are you doing the things you need to do each and every day that will bring your goal to you?

7. Courage – Successful people are brave people. They know that even success has its challenges, yet they face them head on and move forward anyway. No mountain is too high, nor river too wide, nor foe too large for the person who will choose to live out their dreams! They are courageous people who continue on even when others have quit. And for that they receive their reward!

Question: How about you? Are you courageous? Are you willing to face the obstacles and move forward in spite of the fear that may try to well up within you? Be courageous and you will succeed!

There they are, the Seven C’s of Success. Set sail today!

Caring
Character
Choice
Concentration
Confidence
Consistency
Courage

– Chris Widener

If you’re interested in a complimentary 30-minute business strategy session, for more information, please refer to my Behind the Scenes Consulting. If you have questions, please email me at Consulting@RobertFinkelstein.com. I welcome your comments below. Thank you.

THE SEVEN C’s OF SUCCESS by Brian Tracy

Posted in General Management, Life Management, The Seven C's of Success with tags , , , , , , , , , , on November 12, 2010 by Robert Finkelstein

In addition to the inspirational quotes, the beautiful images, my own personal and business blogs, the recommended reading list, and information on my consulting business, I would like to share some of the writings of various thought leaders.

THE SEVEN C’s OF SUCCESS by Brian Tracy

After having studied top achievers and peak performers over the past 35 years, I’ve concluded that these unique men and women have, in most cases, mastered what I call the Seven C’s of Success.

1. Clarity—Eighty percent of success comes from being clear on who you are, what you believe in and what you don’t.

2. Competence—You can’t climb to the next rung on the ladder until you are excellent at what you do now.

3. Constraints—Eighty percent of all obstacles to success come from within. Find out what is constraining you or your company and deal with it.

4. Concentration—The ability to focus on one thing single-mindedly and see it through until it’s done takes more character than anything else.

5. Creativity—Flood your life with ideas from many sources. Creativity needs to be exercised like a muscle, if you don’t use it you’ll lose it.

6. Courage—Most in demand and least in supply, courage is the willingness to do the things you know are right.

7. Continuous learning—Read, at the very least, one book a week on business to keep you miles ahead of the competition. And just as you eat and bathe, organize your time so you spend 30 minutes a day exploring e-mail, sending messages, going through websites, because like exercise, it’s the only way you can keep on top of technology. If you get away from it, you’ll lose your edge.

– Brian Tracy

If you’re interested in a complimentary 30-minute business strategy session, for more information, please refer to my Behind the Scenes Consulting. If you have questions, please email me at Consulting@RobertFinkelstein.com. I welcome your comments below. Thank you.

THE POWER OF FOCUS! by Lisa Jimenez

Posted in General Management, Life Management with tags , , , , , , , , on October 26, 2010 by Robert Finkelstein

In addition to the inspirational quotes, the beautiful images, my own personal and business blogs, the recommended reading list, and information on my consulting business, I would like to share some of the writings of various thought leaders.

THE POWER OF FOCUS!
by Lisa Jimenez

Remember when the “experts” told us that the key to success was multi-tasking?

It was a lie!

I bought into the whole philosophy of doing ten things at once. Check my emails while answering the phone, listen to my son while he tells me about his day, write a marketing letter in my head, wonder if I sent that proposal, shoot up a quick prayer, practice the speech I’m presenting next week, return an IM, all while I’m visualizing my dream life!

Ha! It was insanity. And it was keeping me from a breakthrough success.

Does your life look like a gyroscope, spinning around at a frantic pace but not experiencing completion and a real presence of power?

Busyness is the enemy that keeps you from a life of power!

Think of it scientifically. We all know that diffused light has little impact. But when you focus its energy, you have a profound impact.

A magnifying glass harnesses the power of the suns rays and can set a piece of grass on fire. (Or if you had older brothers like me… cause an ant to explode!)

A laser beam is focused energy that can cut through steel.

That’s the power of focused energy!

Now, apply this principle of focused energy to your life. Diffused energy (busyness and aimless distractions) has little power or impact. But when you concentrate your energy by focusing it, you have created a laser beam of power.

But guess what?

Most people are afraid of that power. That’s why they continue to live a life of busyness and aimless distraction… so they won’t ever have to come into their true brilliance.

Don’t let that be you! It’s time to be different. It’s time to own your power and let yourself BE genius!

If you know in your heart that you were born for more and you realize you’ve been holding yourself back with aimless actions, busyness and lack of focus; stop it now! Just stop it and begin honoring your work space, your actions and your brilliance.

Remember back to the days when you were five years old? You lived in the world you wanted to create. If you wanted to be a fire fighter, you were one—right then at that moment! If you wanted to be in Africa, you were—right then at that moment! You created your perfect world instantaneously.

This ability to use your imagination was your first experience of the power of focus. You still have that power. You just have to give yourself permission to tap into it.

What would your life look like this week if you chose to focus your energy?

Instead of checking Facebook AND talking to a prospect, you were completely focused on the prospect and listened generously.

Instead of answering the phone AND writing a sales letter, you had single focus on the writing and let the phone go to voice mail.

Instead of multi-tasking, you chose to focus your energy on ONE task until it is completed.

What would your results be at the end of each day?

You can just imagine what you’d get accomplished! That sales letter would be written and sent out. That prospect would have all they need to make an educated decision. That friend, lover and child would feel they are really loved. That closet, garage, office would be organized and free of clutter.

And more importantly, you can just imagine how you would “feel” about yourself, your business and your life…

You would feel accomplished, powerful, brilliant, loving and…

Successful!

You are the one who gives yourself permission to be successful and choose to focus your energy like a laser beam! Have a fun tapping into your brilliant, focused energy this week.

– Lisa Jimenez

If you’re interested in a complimentary 30-minute business strategy session, for more information, please refer to my Behind the Scenes Consulting. If you have questions, please email me at Consulting@RobertFinkelstein.com. I welcome your comments below. Thank you.

SEVEN HABITS REVISITED: SEVEN UNIQUE HUMAN ENDOWMENTS by Stephen R. Covey

Posted in General Management, Life Management, Seven Habits Revisted: Seven Unique Human Endowments with tags , , , , , , , , , , , , , on October 8, 2010 by Robert Finkelstein

In addition to the inspirational quotes, the beautiful images, my own personal and business blogs, the recommended reading list, and information on my consulting business, I would like to share some of the writings of various thought leaders.

SEVEN HABITS REVISITED: SEVEN UNIQUE HUMAN ENDOWMENTS by Stephen R. Covey

I see seven unique human endowments or capabilities associated with The Seven Habits of Highly Effective People. One way to revisit The Seven Habits of Highly Effective People is to identify the unique human capability or endowment associated with each habit.

The primary human endowments are 1) self-awareness or self-knowledge; 2) imagination and conscience; and 3) volition or will power. The secondary endowments are 4) an abundance mentality; 5) courage and consideration; and 6) creativity. The seventh endowment is self-renewal. These are all unique human endowments; animals don’t possess any of them. But, they are all on a continuum of low to high levels.

Associated with Habit 1:
Be Proactive
is the endowment of self-knowledge or self-awareness, an ability to choose your response (response-ability). At the low end of the continuum are the ineffective people who transfer responsibility by blaming themselves or others or their environment—anything or anybody “out there”—so that they are not responsible for results. At the upper end of the continuum toward increasing effectiveness is self-awareness: “I know my tendencies; I know the scripts or programs that are in me; but I am not those scripts. I can rewrite my scripts.” You are aware that you are the creative force of your life. You are not the victim of conditions or conditioning. You can choose your response to any situation, to any person. So on the continuum; you go from being a victim to self-determining creative power through self-awareness of the power to choose your response to any condition or conditioning.

Associated with Habit 2:
Begin With the End in Mind
is the endowment of imagination and conscience. If you are the programmer, write the program. Decide what you’re going to do with the time, talent, and tools you have to work with: “Within my small circle of influence, I’m going to decide.” At the low end of the continuum is the sense of futility about goals, purposes, and improvement efforts. After all, if you are totally a victim, if you are a product of what has happened to you, then what can you realistically do about anything? So you wander through life hoping things will turn out well, that the environment may be positive, so you can have your daily bread and maybe some positive fruits. At the other end is a sense of hope and purpose: “I have created the future in my mind. I can see it, and I can imagine what it will be like.” Only people have the capability to imagine a new course of action and pursue it conscientiously.

Associated with Habit 3:
Put First Things First
is the endowment of willpower. At the low end of the continuum is the ineffective, flaky life of floating and coasting, avoiding responsibility and taking the easy way out, exercising little initiative or willpower. And at the top end is a highly disciplined life that focuses heavily on the highly important but not necessarily urgent activities of life. It’s a life of leverage and influence. On the continuum, you go from being driven by crises and having can’t and won’t power to being focused on the important but not necessarily urgent matters of your life and having the will power to realize them.

The exercise of primary human endowments empowers you to use the secondary endowments more effectively. We will now move from Primary to Secondary Endowments.

Associated with Habit 4:
Think Win-Win
is the endowment of an abundance mentality. Why? Because your security comes from principles. Everything is seen through principles. When your wife makes a mistake, you’re not accusatory. Why? Your security does not come from your wife living up to your expectations. Your security comes from within yourself. You’re principle-centered. As people become increasingly principle-centered, they love to share recognition and power. Why? It’s not a limited pie. It’s an ever-enlarging pie. The basic paradigm and assumption about limited resources is flawed. The great capabilities of people are hardly even tapped. The abundance mentality produces more profit, power, and recognition for everybody. On the continuum, you go from a scarcity to an abundance mentality through feelings of intrinsic self-worth and a benevolent desire for mutual benefit.

Associated with Habit 5:
Seek First to Understand, Then to Be Understood
is the endowment of courage balanced with consideration. Does it take courage and consideration to not be understood first? Think about it. Think about the problems you face. You tend to think, “You need to understand me, but you don’t understand. I understand you, but you don’t understand me. So let me tell you my story first, and then you can say what you want.” And the other person says, “Okay, I’ll try to understand.” But the whole time they’re “listening,” they’re preparing their reply. They are just pretending to listen, selective listening. When you show your home movies or tell some chapter of your autobiography “let me tell you my experience” the other person is tuned out unless he feels understood.

But what happens when you truly listen to another person? The whole relationship is transformed: “Someone started listening to me and they seemed to savor my words. They didn’t agree or disagree, they just were listening and I felt as if they were seeing how I saw the world. And in that process, I found myself listening to myself. I started to feel a worth in myself.”

The root cause of almost all people problems is the basic communication problem people do not listen with empathy. They listen from within their autobiography. They lack the skill and attitude of empathy. They need approval; they lack courage. The ability to listen first requires restraint, respect, and reverence. And the ability to make yourself understood requires courage and consideration. On the continuum, you go from fight and flight instincts to mature two-way communication where courage is balanced with consideration.

Associated with Habit 6:
Synergy
is the endowment of creativity, the creation of something. How? By yourself? No, through two respectful minds communicating, producing solutions that are far better than what either originally proposed. Most negotiation is positional bargaining and results, at best, in compromise. But when you get into synergistic communication, you leave position. You understand basic underlying needs and interests and find solutions to satisfy them both. You get people thinking. And if you get the spirit of teamwork, you start to build a very powerful bond, an emotional bank account, and people are willing to subordinate their immediate wants for long-term relationships. With courage and consideration, communicate openly with each other and try to create win-win solutions. On the continuum, you go from defensive communication to compromise transactions to synergistic and creative alternatives and transformations.

Associated with Habit 7:
Sharpen the Saw
is the unique endowment of continuous improvement or self-renewal to overcome entropy. If you don’t constantly improve and renew yourself, you’ll fall into entropy, closed systems and styles. At one end of the continuum is entropy (everything breaks down), and the other end is continuous improvement, innovation, and refinement. On the continuum, you go from a condition of entropy to a condition of continuous renewal, improvement, innovation, and refinement.

My hope in revisiting the Seven Habits is that you will use the seven unique human endowments associated with them to bless and benefit the lives of many other people.

– Stephen R. Covey

If you’re interested in a complimentary 30-minute business strategy session, for more information, please refer to my Behind the Scenes Consulting. If you have questions, please email me at Consulting@RobertFinkelstein.com. I welcome your comments below. Thank you.

HOW TO BOUNCE BACK FROM MONEY MISFORTUNES by Stephen M. Pollan

Posted in General Management, How to Bounce Back from Money Misfortunes, Life Management with tags , , , , , , , , , , , , on September 15, 2010 by Robert Finkelstein

In addition to the inspirational quotes, the beautiful images, my own personal and business blogs, the recommended reading list, and information on my consulting business, I would like to share some of the writings of various thought leaders.

HOW TO BOUNCE BACK FROM MONEY MISFORTUNES by Stephen M. Pollan

You can better cope with money misfortunes if you know in advance the major steps to take. How to handle six common financial challenges…

You can’t pay monthly bills because of unexpected expenses.
Take action as soon as the problem becomes apparent. Waiting until payments are past due and collection agencies are involved will only make things worse.

Divide your expenses into three categories…

Expenses that cannot be delayed. Example: Insurance premiums.
Expenses that might be deferrable if the lender agrees. Examples: Mortgage and car loans.
Expenses that are discretionary. Examples: Eating out and new clothes.

First, eliminate all discretionary spending. Second, contact mortgage and auto-loan providers. Explain that you had an unexpected expense and request “forbearance.” Propose a specific payment plan that would make your debt manageable. Mortgage and auto-loan companies do not want to get stuck with your house or car, so they often will be flexible.

Example: A 32-year-old man faced $3,200 in travel and burial expenses after the death of his uncle. His mortgage lender agreed to accept interest-only payments for three months.

You can’t pay a large, uncovered medical bill. Explain your financial situation to the hospital’s or doctor’s billing department, and ask to set up a payment plan that fits your budget. Next, speak to hospital social workers and local family-service charities to see if any grants or loans are available to people in your situation. Ask family members and employers for financial assistance — big companies sometimes have emergency loan or hardship grant money available to help employees.

If you have health insurance but your insurer will not cover the bill, get a specific explanation why. If the insurance company claims a treatment was not necessary, ask your doctor to write a letter stating why it was necessary. There are multiple levels of appeal possible if your first request is denied.

Example: A 58-year-old widow was hit with a five-figure bill when her insurance company claimed that a colon cancer treatment was not necessary. She negotiated a $200-per-month payment plan with the hospital. Then she asked her doctor to write a letter explaining why the procedure was necessary. Her insurer eventually agreed to pay a large portion of the bill. She paid off the remaining debt in less than 18 months.

You’re dropped by your homeowner’s insurance company. Unfortunately, insurers discontinue various policies — especially homeowner’s policies — all the time for all sorts of reasons. Do not bother trying to get the decision reversed — that almost never works — but do make sure you are given the grace period guaranteed by your contract before it is terminated. Then ask your accountant, attorney or real estate agent to recommend an insurance broker. Unlike insurance agents, insurance brokers work with many different insurance companies and can help you find the best rates. They often have access to better policy information than you can find quickly online.

The policies available to you might be considerably more expensive than your old coverage. Ask your broker for cost-cutting strategies. Increasing the size of copayments and deductibles often can dramatically reduce premiums. Increase the size of your emergency fund as well, in case you need to pay a large deductible later.

A parent dies with bills outstanding. Carefully go through your deceased parent’s papers, and construct a list of assets and liabilities. Keep an eye peeled for any life-insurance policies or evidence of safe-deposit boxes. (For example, the check register in your parent’s checkbook might list ongoing payments to an insurance company or a bank.) Destroy credit cards, and cancel the accounts.

When bills arrive, write “deceased” on them and send them back, with a copy of the death certificate. If bill collectors call, explain that the estate will deal with the deceased’s debts once the funds are in the executor’s control. Repeat this as often as necessary. Surviving family members are not responsible for a deceased parent’s debts (unless the debt stems from a joint account with a surviving spouse or family member). Some debts will have to be paid out of the parent’s estate, but waiting until that stage will at least allow you to sort out financial obligations first. Secured debts, such as auto loans signed by only the deceased, that are not paid off by the estate will result in repossession.

Your adult child needs financial help. First consider your own finances. Would solving your child’s financial problem create a financial problem for you? Would it significantly affect your retirement plans? If you are considering making a loan, rather than a gift, calculate how your finances would be affected if this loan were not repaid. Many loans to relatives never are repaid.

If you cannot afford to make the loan,
explain to your child that you love him/her but cannot give money that you do not have to spare.

If you decide to help, first insist on having a conversation with the adult child about budgets, spending and saving. Explain what he needs to do differently from a financial standpoint. Next, determine exactly how large a gift or loan he needs to make ends meet, and how much you can afford to give. Make it clear that this is a onetime loan or gift, not an ongoing line of credit. If the gift is sizable, inform your other children that the gift will be taken into consideration when you divide your assets in your will. This will prevent concerns about inequity.

Important: Deciding whether to assist your adult child financially could drive a wedge between you and your spouse. Agree in advance to make this decision as a team.

You lose your job. If your employer insists that you sign a release form in order to receive your severance package, don’t do it right away. It often is possible to get better severance terms through negotiation. These negotiations can be quite simple — whatever the company offers, ask for more.

If you have a good relationship with someone high up in your company, ask that person to put in a good word for you with the human resources department regarding your severance package. Insist on credit for unused vacation days and a prorated portion of any annual bonus. Ask if you can keep your company car and/or laptop until you find a new job. Request continuation of health-insurance benefits. If continued benefits are not available, see if you are eligible to continue coverage under the Consolidated Omnibus Budget Reconciliation Act (COBRA), the program that allows former employees to pay out of pocket to continue their benefits for up to 18 months. COBRA coverage may be expensive, but it can be a vital bridge until you arrange other coverage.

Determine how long you can continue paying your bills out of your savings and severance pay, and decide what resources you will tap next if you have not found another job by the time this money runs out. Will you liquidate investments? Borrow from family members?

If need be, consider taking a job that you normally wouldn’t to keep money coming in, even if it has no connection to your previous experience. Sometimes these “emergency jobs” lead people into other career directions. Don’t worry that your emergency job means you will have to schedule future job interviews around your work schedule — most interviewers consider it a good thing when job applicants are working.

– Stephan M. Pollan

If you’re interested in a complimentary 30-minute business strategy session, for more information, please refer to my Behind the Scenes Consulting. If you have questions, please email me at Consulting@RobertFinkelstein.com. I welcome your comments below. Thank you.

BE WILLING TO BE A LITTLE OUTRAGEOUS TO GET WHAT YOU WANT! By Lisa Jimenez

Posted in "Be Willing To Be a Little Outrageous To Get What You Want" by Lisa Jimenez, General Management, Life Management with tags , , , , on September 13, 2010 by Robert Finkelstein

In addition to the inspirational quotes, the beautiful images, my own personal and business blogs, the recommended reading list, and information on my consulting business, I would like to share some of the writings of various thought leaders.

BE WILLING TO BE A LITTLE OUTRAGEOUS TO GET WHAT YOU WANT!
By Lisa Jimenez

Psychologists say, “If a child has not had a serious fall within the first year of life, they are being too closely guarded.”

That statement needs to be said for our adult lives as well. Have you had a serious fall in the past year? If not, is it because you’re being too closely guarded? Are you too cautious? Too safe? Too practical? Too boring?

Your lack of courage is costing you—a lot! It is your lack of courage that keeps you from greater profits, more intimate relationships, and a life you love!

The good news is one act of courage—in any area of your life—has a powerful affect on all the other areas of your life.

Your career, your marriage, your friendships need just one outrageous act to bounce you out of a rut and into a more abundant, courageous life!

During one of my recent speeches, after sharing with my audience about the time I moved to Hawaii by myself at the age of 18, I asked them to yell out the most outrageous thing they’ve ever done in life. After a short pause a man yelled, “I once bought a sailboat, and I didn’t know a thing about sailing!” Another shouted, “I walked away from a six-figure income to start my own business!” A lady called out, “I backpacked in Europe for a summer!” another shouted, “I met a man in a bar and married him—and we’re still happily married today!”

The synergy in that room was magical! As we relived our most outrageous acts of courage, we began to paint a path to risk again.

Courage is like a muscle. It’s weak until it’s worked out. But it doesn’t take long to build this courage muscle into a strong, fit, powerful force!

What about you?

What are your most outrageous acts of courage? Think about them. Relive them. And let these memories from the courageous side of you help empower the possibilities of today.

One courageous act leads to another. It creates a courageous mentality.

What is the one thing you are willing to do right now that’s a little outrageous to get your courage muscles back into shape?

Do it! And watch opportunity begin to open up in all areas of your life. There’s something about being willing to go all out that reminds us of just how big and abundant life can be. This one act of courage is your first step that will lead you to a courageous mentality and life of abundance!

Make it a great and prosperous day.

– Lisa Jimenez, M.Ed.

If you’re interested in a complimentary 30-minute business strategy session, for more information, please refer to my Behind the Scenes Consulting. If you have questions, please email me at Consulting@RobertFinkelstein.com. I welcome your comments below. Thank you.