Discipline Is Still Needed For Financial Success

Posted By admin on October 19th, 2016

Discipline and Money Management

Discipline and Money Management

Many things have changed, but the basics of making money remain the same. Discipline is a skill you will need to create wealth and become successful financially. Winning the lottery or being born as a billionaire Saudi princess will not happen to most of the general population. And it even does not come to a percentage – when you look at people who are rich that way. So hoping for an unrealistic way to become wealthy will not do any good and that sort of thought should be avoided in the first place.

It is not hard to achieve your financial dreams. You only need to know a few simple, basic rules. And following those rules with discipline will make you accomplish your goals. Many personal finance websites are packed with these basics to explore for free. You only need the willingness to learn and apply towards reaching your financial goals – and you need discipline to accomplish that along the way.

If you are reading this article right now, it is highly likely that you already have a decent paying job or entrepreneurship. If you don’t, you will soon have it because you are a smart and educated person, and that’s what lead you to this website in the first place. Discipline can make the difference between two identical same level money earning individuals reaching financial goals and never reaching financial goals.

Let’s look at two imaginary individuals A and B. Both have good paying jobs. Both live in the same city. A spends all his money eating out at restaurants, taking expensive vacations on credit cards, buying the latest electronic gadgets, and living in expensive houses he can’t afford. He has lots of credit card balances and never disciplines himself to set aside money for the future. His logic is that life is too short not to enjoy – and he wont be able to enjoy these once he is old. So let’s enjoy as much possible right now and forget about the future.

Author/Copyright: Ahmed Dawn www.adawnjournal.com

B takes a different approach to life. He thinks life is too short to work for someone else – and he does not want to spend all his life working for a corporation only to pay off his credit card bills and things he would not have enjoyed in the first place. He aims to end working for someone else and wants to live on his own terms as early as possible – while he is still young. He disciplines himself saving and investing every penny he can get and so far he is doing pretty good. He was inspired after reading a few articles and books by financial author A. Dawn and reading more financial books and articles to enhance his personal finance knowledge since then. His favourite one is this: Ten Timeless Personal Finance Tip.

The obvious difference between A and B is that A will still have to work to pay of his credit cards bill when he will be required to get hip replacement surgery. A failed to realise that to enjoy his life now, he chose to work all his life to pay off his bills. He will never be free from his debts and will die one day working and worrying paying off his bills. B will accumulate enough savings early enough to retire and enjoy his life without working for someone else and without worrying about paying off his debts. He only needed the willingness to learn and the discipline to apply what he learned.

It is still not too late or early, regardless how old you are, to decide whether you would like to be A or B. I have chosen to be B and I have many tools to offer to help you reach your goals for free. Feel free to browse all my websites listed on the right panel of this page. And don’t forget – discipline cannot be replaced by anything else and has no substitute.

Productivity and Feeling Happy

Posted By admin on August 23rd, 2016

Feeling Good Increases Productivity







Feeling Good Increases Productivity

Feeling good has lot to do with how productive we are. When you feel good and happy, your energy level gets a boost and increases productivity. Difficult tasks seem less difficult and endless problems resolve faster than you thought it would take initially. Our body releases several hormones when we feel good, such as Oxytocin and Serotonin, and we feel calm, cheerful, and in control – helping us to concentrate better with an increased level of productivity.

However, due to stress, day-to-day distractions, and various other factors, it may not always be possible to feel good and happy. I will go over some simple things you can do to overcome the negatives that prohibit you from feeling good and being happy.

Empty Your Mind – It’s hard to feel good with a clogged mind. A tangled and overloaded mind can’t make you happy. Here is more on How to empty your mind.

– Confidence is one of the most important things you will need to be happy. When you are confident, you can face and tackle any challenges – and that’s when you become happy. Accept your weakness and learn how to become confident.

Better Yourself – Your learning journey and efforts to make yourself better should never stop. Changing yourself to a better person is not easy. But once you start the journey, you will be self contained and filled with joy and happiness.

Embrace Simplicity – Find happiness in simple things, live with less, and help others. You don’t need money to live a rich life. A rich life is living with minimal possessions and helping those who are in need. The good feeling you will get from doing so is something that money will not be able to buy.

Feeling good depends on various factors and most of these factors can be learned and practised. As you learn and start practising these factors, you will notice your positivity and good feeling will go up, along with your productivity.

How to Make Decisions

Posted By admin on August 14th, 2016

How to Make Decisions






                     Steps to Make Decisions

We make decisions from the moment we wake up till we go to bed on a daily basis. Some of the decisions we make intuitively and some of the decisions we make by giving it a lot of thinking and consideration. Decisions have a huge impact on our lives. Some of the decisions we take can make the difference between being alive and dead within seconds (such as while driving) and some of the decisions can impact our life immensely after 10-20 years (such as investing in the right type of assets or getting married to the right person). Who we are today is based on the result of the decisions we made in the past. Who we will become tomorrow or in the future will be the result of the decisions we make now and in the future. It is important throughout our lives to make the correct decisions to increase our success rate of living a better life.

Decisions can be roughly categorized in two classes, regardless what sorts of decisions they are: Calculated decisions and non-calculated decisions. Let’s take talk about these two a little bit.

Non-Calculated Decisions – Emotional decisions, intuitive decisions, decisions based on past experience, and so on are all examples of non-calculated decisions. Most of the decisions we take daily are non-calculated decisions and we don’t think or spend much time on these types of decisions. Although non-calculated decisions seem to be not that important and we are in habit to decide on it fast, making the wrong non-calculated decision can ruin our life, just like calculated decisions.

Calculated Decisions – These are the decisions that are systematic, analytical, logical, and calculative. We take a long approach and do a lot of research and follow a step-by-step procedure to come to a conclusion. Most of the life’s big decisions fall into this class. Some examples are: Who should I marry? Should I quit my current job to accept another offer? Where should I retire? Should I be an entrepreneur or a 9-5 employee for life?

Now, is there any way to make a better decision? While there may not be a single, foolproof approach to make better decisions, here are some steps to consider in making good decisions.

1. Identify your decision or the purpose of the decision

2. Identify your objectives or what you are expecting from the outcome of this decision.

3. List all the possible outcomes that can happen due to this decision.

4. See yourself to the extent of each of these outcomes. Look at all the pros and cons that will come due to this decision.  Imagine yourself living with one or several of the outcomes that will happen due to your decision. You can add your past experience, knowledge, intuition, calculation, analysis, etc. to seeing yourself how things will be, how comfortable and happy you will be, and how better it will be for your future because of this decision.

5. Make the decision that you like best in number 4.

Sometimes decision making can be really tough regardless of how much thinking you put into it. Research has shown that it is incorrect to think that calculated decisions are always better than instant, snap decisions. There will be times in your life when you will need to make decisions beyond logic and calculation – based on your instincts or emotion. This is just fine. We humans are emotionally driven quite often and following logic or calculation will not simply make sense during those times. If you need to make a decision, whether it’s a calculated or an emotional one, make a solid decision, regardless of whether it makes sense to others or not. Stick to your concrete decision to the end – and if it happens to be a wrong decision, have no regrets. Just learn from it and move towards the future.

Why I Switched From Regular Peanut Butter to Organic Peanut Butter

Posted By admin on July 27th, 2016

Health Benefits of Organic Peanut Butter








Let me start with some of the health benefits of peanut butter very briefly.

– Most of the fats (about 47 percent) in peanut butter are monounsaturated fat. This is the fat that lowers bad LDL  cholesterol.
– Peanut butter also contains polyunsaturated fat (about 27 percent). This is the fat that raises
good HDL  cholesterol.
– Peanut butter contains about 8 percent dietary fiber.
– Contains micronutrients such as Vitamin E, Niacin, etc.
– Contains minerals such as calcium, magnesium, potassium, copper, etc.
– Contains Resveratrol, which has natural anti-microbial, anti-inflammation, and anti-aging properties. It helps body to effectively fight off bacteria and various types of fungi.
– Contains folic acid, phytic acid, and phytosterols.

But Beware of Peanut Butter That Is Not Organic

Some of the benefits I mentioned above look really good. However, these benefits will be shadowed by the adverse effects – if your peanut butter is not organic. Consider the following facts –

– Peanuts are grown on the ground and have have soft and porous skin. Non-organic peanuts have very high counts of pesticide residues, as it is a crop that is heavily treated with pesticide. These carcinogenic pesticide residues can cause cancer and other harm to health.
– Non-organic peanut butter has added hydrogenated oil, added sugar, and added salt.
–  Organic peanut butter may have higher nutritional value than traditional peanut butter.
– You will feel the difference in taste in organic peanut butter. It does not taste as good as regular peanut butter (because of no added sugar, salt, fat, etc). It will take some time to get adjusted to its taste.
– You can easily check what foods have what types of pesticides here easily: What’s On My Food?

And I Made Up My Mind

After researching on the pluses and minuses of organic and regular peanut butter, it was not hard for me to do the switch as all the positives outweigh all the negatives. What will be your decision? I suggest you to do some reading and research before you enjoy your next serving of peanut butter.

Why Multitasking Does Not Work

Posted By admin on June 28th, 2016

Why Multitasking Does Not Work







What Is Multitasking?

Multitasking is the process of doing multiple things or tasks at the same time. Multitasking can be made of tasks that require only mental work, physical work, or a combination of the both. An example of multitasking is driving and talking on the cell phone at the same time.

Why Multitasking Does Not Work

Numerous research shows that we humans are not capable of multitasking. What seems like multitasking is actually our brain switching from one task to another. Those who think they are good at multitasking are actually good at switching from one task to another, as our brain cannot process tasks simultaneously. It is good at switching between tasks quickly, however. So the whole concept of multitasking is a human delusion, as our brain is very good at deluding itself.

Why Multitasking is Bad

Multitasking can cause stress, as much as 40 percent drop in productivity, and 10 percent drop in IQ, as a Harvard Business Review post points out. Also, multitasking while driving causes 20 to 30 percent crashes annually in America. Tasks involving multitasking can cause 50 percent more errors and take 50 percent longer to finish, research shows.

But How It Is Possible to Perform Some Tasks Simultaneously?

If multitasking is bad and our brain can’t multitask, how come we do some of these tasks together? For example, talking on the phone and watching TV, cooking several items together, reading and listening music, writing and watching TV, and so on? The answer – these are not actually multitasking; we don’t need our brain to fully concentrate and pay attention to perform these tasks. If you really want to test if you can multitask or not, try writing an article and taking notes from a lecture at the same time, or pay your bill online and instruct your kid how to play a game at the same time.

Last Word

We do not multitask, but we switch from task to task. Be more productive and efficient by concentrating on one task at a time. Do fewer things, but do it better. Make life simple and less stressful – don’t multitask.

The Continuous Depletion of Time Account

Posted By admin on June 15th, 2016

Do Not Waste Your Most Valuable Resource - Time. The One-Shot Supply of This Mostly Precious Asset Should Not Be Taken As Granted

Do Not Waste Your Most Valuable Resource – Time. The One-Shot Supply of This Mostly Precious Asset Should Not Be Taken As Granted

When we were born, we all started with one-time supply of our time on earth. If you consider your first day on earth as Day 1 and assume you will live up to 100 years of age, here is what you have:

100 years X 365 days = 36500 days X 24 Hours = 876,000 hours.

These numbers are the same for everyone. Whether we are old or young, black or white, religious or atheist, the world’s richest person or the world’s poorest person, all of us have the same amount of time to waste and to utilize. Time is neutral, does not discriminate, and does not treat anyone unfairly.  

The moment you were born, you started depleting your time account. Although some of us may live longer than others, but we can’t stretch time beyond our mortality. Think of time as your bank account where you have 876,000 units (or more or less depending on how long you live) deposited for you only once. There is no way you will be able to deposit more units or manipulate your account to inflate your units.

Yet, most of us take this most valuable and precious resource for granted and keep wasting it till the day when we have nothing left in our time bank account. The difference between a successful person and failed person in every aspect of time is the results of how successfully or poorly each utilized their time.

Let me give you some examples of how poorly we waste our time which can never be deposited back into our time account. These examples are hilarious and sad at the same time, as we failed to value our most precious resource, “Time”, which can never be recovered.

– Driving hours to save $10
– Standing in long lines and wasting hours to get free stuff
– Sleeping away the whole afternoon
– Buying and then returning something many times and spending endless hours doing so
– Spending hours watching useless TV channels like talk shows and reality shows
– Spending unproductive hours online on sites like Facebook, YouTube, etc.

These examples can go on and on. But you should have an idea already how people are endlessly wasting time without realising what they are doing.

Stop the leakage of your most valuable asset – your time. Consider every moment of your time is precious and understand that it will never be regained. Utilize each unit of time properly and in productive ways. Lifetime success and happiness will be upon you if you can successfully manage and use each and every unit. Time is what makes the difference between a winner and a loser. Don’t wait for that moment to regret when you will have only the last remaining units in your time account.

How to Make Instant Noodles A Healthy Food

Posted By admin on June 8th, 2016

How to Make Instant Noodles A Healthy Food

Instant Noodles Are Very Unhealthy

Instant doodles, instant ramen, cup noodles – these are all very unhealthy foods. Manufacturers deep fry them in bad oil (like palm oil) and that’s where all the bad fats (trans fat, saturated fat) come from. Then, these noodles have to be wax coated (the same material they use in Styrofoam containers) so they don’t stick to each other when cooking. And don’t forget about the seasoning or small flavour packets that come with instant noodles. These powders are full of bad stuff such as salt, MSG, fat, and who knows what else!

However, after packing instant noodles with all these bad things, I realise that you may need to eat it once in a while – and that’s OK as long as you are not eating instant noodles frequently. Even if you eat instant noodles once in a while, you can do a few simple things to make it a healthy meal better than just eating only noodles.

Steps to Make a Healthy Bowl of Instant Noodles

1. Gather some vegetables and cut them in small pieces.
2. Here are some veggie suggestions. Pick all or some from these based on what you like: Broccoli, Celery, green beans, carrots, tomatoes, little bit of garlic, and any other vegetables you may like.
3. Boil the required amount of water and add a teaspoon of olive oil.
4. Throw in your vegetables.
5. Boil for 3 to 5 minutes.
6. Throw in noodles.
7. Cut down on seasoning or flavour packets by adding only half amount.
8. Boil for 3 to 5 minutes.
9. You are done.

When it comes to eating, you have the option to make it a healthy one or a junk one. Be careful and selective on what you eat and live a happier and a longer life.

What Is Minimalism?

Posted By admin on June 3rd, 2016

The Roadmap to Becoming Minimalist

The Roadmap to Becoming Minimalist

The word minimalism can have a wide range of meanings. The word originally derived from an art and design background – simply meaning a trend in art and design in its most basic and simple form. However, these days the word minimalism is widely associated with personal development, giving it a new perspective in terms of simply living with less. Today, I am going to touch base on minimalism from my own perspective.

Different people can define minimalism from different angles. What is a minimalistic lifestyle for me may be living with too much stuff for someone else, and vice versa. The way I look at a minimalistic lifestyle is – living a simple life with only the things that are absolutely necessary to survive.

To become a minimalist and live a simple life, there are steps to be taken, and these steps may not be as simple and easy as it sounds. We are programmed by our society to believe and act certain ways from our childhood. You need to break out of the cycle. Some people will never be able to find peace and solitude in living with less stuff and living a simple life. For those who can do it, it’s a rewarding life beyond imagination; it’s a worry-free life free from clutter, possessions, and stress.    

I am going to mention some steps you need to take, and some work you need to do on your way to becoming a minimalist:

– Buy less
– Consume less
– Get rid of the unnecessary
– Slow down
– Live a simple life
– Create more
– Unclutter your life
– Unclutter your mind
– Unclutter your home
– Let it go
– Help others
– Educate yourself
– Breath
– Appreciate your moments on earth

These are some of the elements that you will travel with on your journey towards becoming a minimalist. However, there are endless ideas and possibilities you will come up with once you start going through the minimalism door on your own. And that’s the most rewarding and fun part of it – finding out what more you can do make your life simple and with less stuff. I cordially invite you to build your roadmap and start your journey right now on your way to becoming a minimalist. 

Saying No Is Actually A Positive Thing

Posted By admin on May 21st, 2016

Saying No Is Actually A Positive Thing







How To Say No

To streamline and minimize blog maintenance, I will be discontinuing maintaining the Simplepersonaldevelopment.com website (however, I will still hold the domain). I will gradually move all articles from this site to Entrepreneur Journey site. This article originally published on the above website on Jan 1, 2012

Although we may associate “No” with a negative assertion, it can be actually a very positive thing you can do – depending on what type of “No” it is. Today, I will discuss some simple ways to say “no” to take charge of your life and time.

Why Say No

– There are only so many hours in a day. Saying “no” to unproductive and time wasting things will  
make you a lot more productive.
– Saying “no” to a new commitment which you won’t be able to handle will give your existing projects
more time to finish with a quality outcome.
– When we are stressed, depressed, and burned out from our modern day rigorous time consuming and high-paced activities, saying “no” will free up time to relax and wind down.   
– Saying “no” is respecting your time and respecting yourself. It will eliminate tasks that you don’t  
enjoy and will free up time to pursue your goals and dreams.

Simple Ways to Say No

Say No With A Smile – Saying “no” is a lot simpler when you add a genuine smile to it and avoid a serious face. Also, the person you are saying “no” to will take it a lot easier way if you say “no” in a smiling face.

Add A Brief Explanation – If you add a short explanation to the reason behind your saying “no,” the other person will understand it and will not get emotional or reactive. However, stop giving out an essay. Explaining too much will make it worse and the other person will think that there is something to it.

Don’t Lie – Avoid making up reasons that aren’t true for excuses. Most likely, the other person will be able to guess that it’s a lie from your body posture and voice tone.

Delay Your Response – If you feel that saying “no” will be difficult and likely to cause an emotional outburst from the other person, instead of saying “no” right away, take some time and reply back at a later time. This works because if you say “no” at a later time, the other person will not be on a full alert to hear “no” (than when she proposed) and it will have less impact than the first time.

Offer An Alternative Solution – There will be times when you just simply can’t avoid it in a full scale. Offer something different and acceptable, yet keeping it within your means, so it does not cause you too much time and stress like the initial request.

Saying “no” at the right time will save you a lot of time later. As you get better with saying “no,” you will be able to manage, simplify, and reduce stress a lot better than before.

5 Money Tips for Financial Success

Posted By admin on April 26th, 2016

5 Money Tips for Financial Success

Five Personal Finance Tips You Need to Know Right Now

In order to become financially successful, you don’t need to spend year after year pursuing an MBA. Doing simple things consistently and religiously year after year can lead to the path of financial success. Today, I will describe 5 such things.

Spend Less Than You Earn
– Stick to spending less than your income, and financial success will come to you. This is the most important financial tip ever. If you can’t do this, doing everything else will be meaningless.

Pay Yourself First
– Depending on your ability, save 5 – 15 percent of your gross income into an investment account, mutual funds, registered account, etc. Stick to this plan as long as you can afford to.

Build An Emergency Fund – Set aside six months’ (or more) worth of living expenses in a savings account or in an investment that is comparatively safe and can be withdrawn in a short notice without paying any penalty.
Set Goals – Know exactly when you would like to accomplish various goals throughout your life such as buying a house, paying off mortgage, retiring in the future, and so on. Take necessary steps to realise these goals.

Review Progress
– Review your progress at least once a year. If you are not on the right track towards achieving your goals, change and readjust your financial roadmap. Consult a fee-based financial professional if necessary. If you don’t have the knowledge to invest by yourself, seek professional help. I recommend fee-only financial professionals.