Sunday 3 August 2014

My 'Monopoly' Style Idea


So talking to my girlfriend who is a University student in 'Liverpool'. She is currently renting a room in a house with two other friends.
For fun i was on the real estate website 'ZOOPLA' and typed in her address, and looked at the house on 'Street View' via google maps.

However the point of this story is, i saw the house NEXT to her was for sale at £40,000! NOT £400,000 but £40,000!
For me i always assumed house prices started 'normally' around the £140 mark.
A bit lower and you got the very basic and in a rough neighbour hood etc, like £110,000.
On 'Zoopla' the £40,000 house said WOULD rent for around £220 per month! Now this figure is hardly earth shattering BUT!!

My girlfriend's house only next door! is exactly the same house being a terrace, and two bedrooms, with the lounge being turned into a 3rd bedroom! this Landlord was charging EACH £275 per month! PER MONTH thats £825! for renting to 3 individual students!
Or £220 renting to a young family, couple or individual!

ALARM BELLS RINGING! i scribbled down the following...


Let me explain...

At the top i've got a house and the 'typical' value for a first time buyer of £110k now with banks asking for 20% down payment that would mean £22,000 up front! (Which i don't have)
Also banks want to see you earning at least £20,000 per year! (Which i don't) 
So for me i was wanting to get into property! BUT i suppose like most people the ladder was to high for me to reach the first rung!

(ENTER NEW INFORMATION AND POSSIBLE ROUTE AROUND THIS PROBLEM)

£40,000 for a TERRACE house (Not a semi or a detached) and £220 per month.

20% would be £8,000! (Still NOT got but is suddenly ALOT EASIER to get than £22,000!) 
Mortgage now would be for around £32,000!

£220 per month x 12 = £2,640 (Now this would mean the mortgage would be paid off in 12.2 years)
This is in a perfect world and is useless as it would never work out like this.

NOW FACTOR in my girlfriend's landlord!

£40,000 for house 

- £8,000 deposit
- £32,000 mortgage

Change the lounge into a bedroom and rent each bedroom (focusing on students) at £250 per month

£250 x 3 = £750 x 12 = £9,000 per year
(this would mean the mortgage of £32,000 would be paid off in 3.5 years!)

Now this £9,000 per year in rent! would also allow £8,000 FOR ANOTHER DEPOSIT and repeat the process next year but with TWO HOUSES!


NOW THE MONOPOLY PUN: Buy 4 green houses and then trade them all in for 1 hotel

If you repeated this process just mentioned by the end of the second year you'd have £80,000 in assets and be making £18,000 a year in rent! which would leave you £16,000 split over TWO MORE deposits bringing you into your third year with potentially FOUR HOUSES! 

Now all this doesn't factor in real life, i.e tax, costs, expenses, every month rooms being rented, insurance and misc problems etc 
BUT IT DOES SHOW ME! 
My vision of £110,000 house and needing £22,000 for a deposit to get started! is RUBBISH!

If we take the monopoly board:

Are we like ME, thinking yes property sounds good and you always hear rich people talking about it and i want to get in!
Are we going right i want to start at the oranges or the reds! and then realising we can't afford the £22,000 deposit so back off property and come out with...

- Its for the rich and famous property investing i can't afford it.

Or should we be looking at the browns and blues! (Like terrace houses in cities and WORK our way up, get 4 houses then trade them in or some in for a house in the blue or purple! aka a semi-detatched or detached house for the typical £110,000) And like Monopoly work our way round the board!!
AND THEN ARRIVE AT THE ORANGE'S AND RED'S 

Are we trying to walk or run BEFORE we can even crawl?

Let me know what you think....





TV SHOW - 'Body Language Secrets: WINNING' - Review


TV SHOW - 'Body Language Secrets: WINNING' - Review













Why is winning so important?
The drive to compete is who we are
We've evolved to compete for food, for mates, and status - winning is an inbuilt survival

Is there such a thing as good and bad luck?
- To test this they went to a casino and found that typically a lucky person is just someone who is incredibly positive (This positive mentality is what makes people 'winners')
When a winner is on a losing streak they will change their behaviour to try and be successful
On the unlucky table (Typically when someone who thinks their unlucky wins they think its an exception rather than the rule, this belief becomes self perpetuating ) Lucky and unlucky people tend to be just people with positive and negative mindsets.

If you want to be a winner you need to do your SWOT when an opportunity arrises (promotion, interview, sales pitch and so on)

Strengths -

Weaknesses - What i need to work on

Opportunities - Can i do some research, talk to someone in the business etc

Threats - What's gonna get in my way, lack of confidence more training etc

Rodger Federer had a weakness with his temper, which he over came it led him on to becoming a winner.

(Little victories can give you confidence and thats an essential piece of kit to a winners tool box)


Drive and determination, conviction and execution of everything you set out to do
Exceeding small goals often
Baby steps of success
with
Chart PROGRESS
Achieve that goal then move onto the next goal to have your desired goal



10,000 hours rule:
The Beatles - 8 hours a night 7 days a week in Berlin
Michael Phelps - 3 days off in the last 5 years

Hard work is vital and the more work you put in the more of an edge you'll have and it make you
Behaving like a winner which also helps also as it puts off the opposition (plus winners are attractive)

Golf

Getting in the zone? How to clear your mind and focus
Putting:
  Imagary techniques
  Self - Taught Techniques
  To create a different emotional response from the athetle
Some people perform fantastic in an relaxed state of mind and others in an excited state of mind


Taking 10 putts without the help of an expert
He explains that he thinks it will go in, and the expectation then causes the pressure which throws his relaxed mind then into an aggitated mind set

10 putts with his eyes closed (This shutting off external distractions helps relax and simplifies the mind)

You need to work out which mindset works best for you, and when you find out or know this, the greater chances of success when you get yourself into that mind set. Whether in business making deals or playing golf.

Shutting out distractions and consquences will put you in the zone and can be the difference between success and failure
But to truly get what you want, you must see yourself vividly getting what you want in your minds eye.
To be a winner the most effective trick to learn is visualisation.
Imaginaing yourself doing something successfully before its actually happened makes you more likely to succed when you actually do it.

Going through an important interview in your head before can be the difference between success or failure


Body language of a winner:



Martial Arts people:

When you visualise your creating new neuro creations in the brain, your helping your brain become better at  performing a task without having to actually do it

Once you've believe yourself do something because you've seen yourself go through that process, you can.



Letting the feeling of defeat get the better of you will make you a loser, losing is natural but dwelling on it is likely to hold you back

No matter how hard you try to be a winner inevitability there will be times when you lose, but being a true winner means rising above those feelings of loss and fighting back
You've gotta put your loss into perspective, regroup, be realistic, learn from it and move forward.
Confidence
Getting into the zone
Visualisation
Hard work
Will give you the strength of mind to get over those loses more easily, and give you a winning attitude to life

:59 Seconds - BOOK REVIEW


 You can buy the book from amazon.co.uk and other popular websites
























- When people can afford the necessities in life, an increase in income does not result in a significantly happier life. Part of the reason is that we all get used to what we have very quickly. Buying a new car or bigger house provides a short term feel-good boost, but we quickly become accustomed to it and sink back to our pre-purchase level of joy.

- If you walk into a room that smells of freshly baked bread, you quickly detect the rather pleasant aroma.However, stay in the room for a bit and the smell appears to vanish. The only way to get it back is to leave and re enter the room. The same concept applies to many areas of our lives. We quickly adapt and 'don't realise what we've got till it's gone.'

- In job interviews likability is rated higher than qualifications or work experience, (introduce your negative/weak points FIRST - this comes across as you are OPEN/ HONEST/ TRUSTWORTHY whereas if you leave it till the end it comes across as the opposite, the same goes for strengths, reveal them at or near the start you come across as BOASTFUL/ ARROGANT/ BIG HEADED leave them till the very end and you come across as MODEST.

- Buy experiences than goods (trips away over TV's as this lasts longer in our memories making us happier for longer)

- Giving money away trumps buying experiences

- If you make a mistake, (something you say, wear or do.. apologise if need be but don't draw attention to it as statistically it won't of been as noticeable to you for others, so continue as nothing had happened.

- If you set children an activity they enjoy and reward them for doing it, the reward reduces the enjoyment and demotivates them. Within a few seconds, you transform play into work.

- Researchers believe that when looking at a group, people use a basic rule of thumb - important people sit in the middle - and label the phenomenon the centre-stage effect.

- The Franklin Effect. - People like you more when they carry out a favour for you. However, the effect has it;s limitations and is more likely to work with small favours.

- The Pratfall Effect. - The occasional slip-up can enhance your liveability.

- Gossip. - Know what traits you assign to others will likely be seen as part of your own personality.

- Yes, Yes, Yes - Dale Carnegie 'The message is people are much more likely to agree with you when they have said something positive.

- Save your time, Persuade by Rhyme

- The Bystander Effect - The more people who are around when a person is apparently in need of assistance, the lower the likelihood of anyone actually helping. (instead pick a friendly face and directly tell them what is happening and what they must do - this short-circuits them and turns them from a faceless person in the crowd to someone who can/will help)

- The message from research is clear - fantasising about your perfect world may make you feel better but it is unlikely to help transform your dreams into reality. (Create a plan with steps along the way)
NO ONE ACCIDENTALLY CLIMBED MOUNT EVERAST.

- HOW TO BEAT PROCRASTINATION - Procrastinators frequently put off starting certain activities because they are overwhelmed by the size of the job in front of them. However, if they can be persuaded to spend 'at least 2-3 minutes' they often feel the urge to see it through to completion. 'At least 2-3 minutes rule is a highly effective way of beating procrastination.

- 'Social Loafing' - Working in groups / brain storming results in fewer creative ideas compared to working alone.

- 'Two Men In A Room Theory' - The quiet guy represents your unconscious mind. It is capab;e of wonderful ideas, but often difficult to hear. The loud guy represents your conscious mind - clever, not as innovative, but difficult ti get out if your head. (Everyone can be more creative, it is just a case of keeping the loud guy in your head busy, and giving the quiet guy a chance to speak up.)

- To inspire creative thoughts, place plants and flowers in a room.

- A simple brief LIGHT TOUCH on the top of a persons arm can have a powerful effect. If you want them to help you, or simply asking someone to dance.

- Surrounding yourself with objects that remind you of your partner is good for your relationship.

- We are not rational creatures we like to think we are and can easily be perusaded by a variety of quick and effective techniques. 'That's not all' - 4 cookies for 75p or (1 cookie and 3 FREE FOR 75p)

- Liars often reduce the number of times that they say words like 'I', 'me' and 'mine' and tend to use 'his' and 'her' rather than people's names.
Liars can look normal contrary to popular belief however they will THINK more, so instead of looking out for signs of nervousness look out for signs of someone over thinking a simple question.

- With children PRAISE EFFORT and not ability. As effort is something a child can always improve, whereas ABILITY isn't. Praising ability can hinder a child's motivation and lead to fear of challenge's incase they don't do as well. Whereas research shows children praised for effort often pick challenging tasks over kids praised for ability.

- The smaller the threat you make to a child not to do or go somewhere the bigger the impact. Whereas making a big threat on a child not to do something can encourage the child (this might must be good if they really don't want me to see or do.....)

- The longer your ring finger is compared to your index finger the greater chance of success in later life researchers believe.

- Deal with potential liars by closing your eyes and asking for an email. Statistically lies are LESS told in emails over, texts, face to face and phone calls because it is easily documented and can come back to be used against them.













Thursday 5 September 2013

TV SHOW - 'Body Language Secrets: Power' - Review



BODY LANGUAGE SECRETS: POWER (on SKY ONE)


This show was BRILLIANT I learnt so much, and it left me wanting to pursue time learning more about body language.

- 'From the Boardroom to the Bedroom POWER dictates everything we do'

It stars three psychologists, Expert in Neuroscience (Dr Jack Lewis), Social Science Expert (Anjula Mutanda) and Body language Expert (Dr Peter Collett)
They showed a lot of footage from politicians and how they communicate. And the techniques they use, which can be transferred to people like you and me.


From starts with meeting someone and starting with a simple handshake, a lot is said without words.
They showed a clip from top politicians: Barak Obama, Gordon Brown and a few others meeting in England.

Gordon Brown (Being the host) went round the room, meeting and greeting people and seemed friendly. HOWEVER they pointed out, look how Obama remains rooted in one position, (He lets people come to him NOT the other way round)
And with something as simple as a handshake, Obama went first offering his hand, however only putting out his forearm keeping his elbow locked to his side, meaning the other person had to REACH OUT to shake OBAMA'S hand, giving the signs of Obama is the top dog, you must go above and beyond to meet him.

So TOP TIPS I LEARNT FROM THIS CLIP:

- Handshakes: go first but keep ELBOW locked next to side, and let the other person OVER REACH

- Simply standing on one spot GIVES OFF A POWER VIBE people who aren't in charge run around etc Let people come to YOU.

- If someone offers their hand FIRST to claim the power back, during the shake using your other hand pat/hold their shaking hand near the elbow (Signalling I'm in control of you)

- THE POWER PAT, when walking or leaving a room, a simple friendly pat on the back/shoulder can easy come across as friendly, but signals 'YOU'RE THE TOP DOG' and effectively saying 'GOOD BOY' to the recipient.




The next clip, showed Bill Clinton and George Bush walking then posing for photos, and George Bush not wanting to be up staged as he seemed nervous, starting mimicking every move Bill Clinton did.
I.e If Bill waved to the cameras George would wave.
Also celebrities they said use similar tricks...

'The Power Walk' swinging the arms, taking up more space when you walk draws the eye in, and shows your importance.
If our brain believes our power status our body will naturally give off this impression.


Another clip then moved onto Gordon Brown giving a speech:

When talking using his hands, he shows his knuckles when gesturing, (the knuckles being hard, giving off a hard impression, no nonsense approach)

In 2007 Forward thinking 2007 during a speech he used forward thinking and positive words, yet in 2009 his speech was reflective and using negative words, (can't, try, not, stop and never).
In only two years, from 2007 a man who was powerful, and believed in himself, 2 years on shows a completely different outlook.
Even during the speech in 2009, taking a small step back from the podium mid speech, seems nothing (but is reflecting him, wanting to distance himself from his speech, and giving off signs of doubt, which the audience un-kowningly pick up on.)


Key points delivering a speech as a politician:

- Speak slowly and clearly
- Lower your voice to sound authoritative
- Conceal any suggestions of anxiety or self doubt




They showed a typical work environment and followed the owner for the day and sat in on a boardroom meeting:

During a boardroom meeting, the boss and his son sit at the ENDS of the table (which are the most powerful seats if you will) They also point out that the Boss is the last one to enter the room and to sit down. (Showing his time is more precious than anyone else's) Known as the 'Structure of Attention)
They go onto explain you can work out whose in charge 'Through patterns of gaze' Now sitting at the top ends of the table, people tend to hold their focus their at the Boss.
But when other people talk, people listening, their eyes tend to drift away.

3 reasons why people touch their face:
1- To draw attention to themselves.
2- To comfort themselves
3- To show they DON'T want to be the next speaker

Even to people nodding their heads, when the boss speaks, people tend to nod their heads to make it look like their listening and agreeing, and also to appease the Boss, however when others speak the Boss rarely nods his head.

(The Boss during an employee speaking then puts his hands behind his head)
Putting their hands behind their heads, can be a sign of comforting themselves but they also do this as a  dominance display, broadening their chests, positioning the hands in preparation for attack. (This is a real powerful display)

Also at the end of the meeting, the Boss leaves FIRST, again confirming his time is most precious and he is the most important person in the room.

Top Tip:
- Where you sit in a meeting can also be important, as predominately sitting to the RIGHT on someone gives you their RIGHT ear, and information is processed on the LEFT side of the brain which receives the information through the RIGHT EAR.


ALPHA FEMALES:

Opra Wimprey the most powerful woman in the world and a multi billionaire, many believe Barak Obama only won with the backing of Oprah.

- 21st centery celebrities hold the power over politictians at the moment.


POWER DRESSING:

WHAT WE WEAR GIVES OFF A VERY POWERFUL MESSAGE
(Where first impressions last)

Three interviews were conducted and analysed,

'If you look dated the message you give off is your thinking is out of date, your not up to speed with whats happening in the world today. You will judge somebody based on what you see, and we can't help that, its an innate response.'

Hence why celebrities employ stylists to make sure they get it RIGHT.

One of the most powerful outfits for a man, is a dark suit, white shirt and red tie,
- Dark Suit
- White shirt - reflecting light onto his face
- Red tie - drawing attention onto the lips meaning we listen to what they say





- A jacket is the most powerful piece in a woman's wardrobe in a professional situation, lose it and you can lose power, which was demonstrated on the third candidate.

"Black and white is a hard look to pull off as the impression is your interviewing for a waitress job.
If women OVER FEMINISE the way they look, they LOSE their credibility, because a man will then see you as a female person they might find attractive and not a credible employee who will do the job."

The most important thing in an interview, is what comes out of your mouth, you don't want the interviewer distracted by what you're wearing.



Some More Facts:

When you've got power someone is always trying to take it from you!

- The ring finger being longer than your fore finger. Tho this is an indication, hard work and ambition work best.
Height is also an indicator in america the average height being 5"9 nearly 60% fortune 500 companies are over 6 foot tall.

- Last 100 years all american presidents have been above average height and USUALLY the taller candidate wins.
If you're not tall and powerful you should work with people smaller than you.

- Power is sexy, women are drawn to this. Men tend to find powerful women intimidating, the reason why women find powerful men attractive is because he has influence, the influence to give a woman what she needs

- Men can find women attractive and it ends there.
Women however can find a man who is powerful MORE attractive than someone with looks, this isn't because she's a gold digger but because its the power to support and look after them while raising a family because were primates, and written into our D.N.A

- Powerful men are sexy, powerful women are scary

SUMMARY

- Powerful people can use the space around them to command attention. (the power walk)
- The powerful use body language to convey there status
- They command the space around them
- And use their self-belief to make others follow their lead
- Appropriate clothes are vital to making the right impression
- Appearance can convey so mcuh more about your abilities than your C.V
- Remember it's the quiet ones you need to watch
- The truly powerful ones make people come to them
- Say very little and often move even less
- Don't be afraid to stand out from the crowd, it's often the risk takers that aquire real power
- Even where you sit compared to your Boss can have a massive impact on your career
- Its all about self-belief and if its only an act it will convince those around you and eventually you too!

- Though alpha male work places are very common, its actually fact that MOST people typically want to be LED.
- When delivering a speech, dark suits, white shirts and red ties are best.


Wednesday 4 September 2013

How To Stay Motivated...


Let me tell a story...


Now your typical working day is  9am -6pm

Now if your extremely lucky! Chances are you don't live on the door step of your work! (this could also be unlucky too)
Maybe you work in an office, factory, school hospitals etc

You probably have to travel at least 30mins to get there and back!

9 hours + 30mins there and + 30mins back = 10 hours! Which leaves you 14 hours left of the day!

Now if you need or its recommended you get at least 8 hours sleep a night to help your body recover, repair itself and maintain its health that leaves 6 hours of the day left!

Now most people don't fall asleep straight away!! so you probably will actually goto bed for 9 hours but toss and turn for an hour till you fall asleep giving you 8 hours so that leaves 5 HOURS

Now when you come back from work 6.30ish on a good unless you get stuck in traffic, the last thing you want to do is work, and will probably spend 30 minutes or so preparing and cooking yourself something to eat (4.5 hours left)

See to your kids and catch up with your partner or friends perhaps for 30-60 minutes (3.5 hours left)

Then spend time watching or catching up with your favourite TV show or film (30-90 mins) leaving you with (2 hours) by this time its getting late and near 10pm at night your starting to get tired!

Is it any wonder why people get stuck in the rat race! its like quick sand!

When people say stuff like go to the gym 4-5 times a week for at least an hour at a time! or spend time in the evening working on your business!

Most of the time these people WORK in that industry, a fitness expert will say;
'Theres No excuses' But if they WORK in a gym its easier for THEM to workout etc

Yes excuses are easy to use and hide behind! BUT this story isn't fictional! You can probably think right now of many people and real life examples who could and DO act out this story day in day out!
They, like you!.... might want to escape! in fact you almost certainly, deep inside would want out! FREEDOM to do what you want when you want!

(Now this story doesn't include jobs with shift work! or many managers who rarely will say they stick to 9 hours a day! They will still be at work long after they should of gone home! Nurses and Doctors for example will typically work a 10-12 hour shift)

FOR ME THIS STORY....
Is what drives me on to educate myself, and become financially free!

And on a side note, browsing Facebook...
I saw a friend suffering with a bad back from work and has been off and going back to work later on today....
Made me think again how often do we sacrifice our health for dead end jobs we think will take care of us but are now showing that they won't.
Not often you hear millionaires and billionaires complaining about bad backs haha

The 7 Habits Of Highly Effective People - Book Review




This book was mentioned in the 'video from vince del monte'

After reading Rich Dad's books i got reading this one! Now it took me a while and didn't click with it at first, but it was only when i EVENTUALLY finished i realised how good it was! Again i suppose thats why its 'sold over 15 million copies'. Tho according to wikipiedia it now stands at 25million.

Hell... 
'U.S. President Bill Clinton read the book and invited Covey to Camp David to counsel him on how to integrate the book into his presidency'

Stephen R. Covey www.stephencovey.com 

Though this book is NOT about business and becoming financially free, this book is about yourself and communicating with people which can only be a bonus in business.

Independence:
(Habits 1-3 are based from moving from dependence to independence

- Habit 1 : BE PROACTIVE

Two circles (Circle of Concern) and (Circle of Influence) if we only spend time in the circle of concern we increase all the negativity, worry and stress etc We have no control over this but most of us spend most our energies looking for results here. Whereas if we focus our energies in the Circle of Influence! We can be proactive.
(He tells a story about a business, and executives giving opinions and updates to the boss, but one man went further and when there was a problem he ALSO gave suggestions how to fix it, the boss then went one meeting to all the other executives do this, do that, BUT stopped and asked this pro-active man 'What's your opinion?' by this man being pro-active! when he didn't need to be, his Circle of Influence had grown.


- HABIT 2: BEGIN WITH THE END IN MIND

All Things Are Created Twice, Take the construction of a home, You create it in every detail before you ever hammer the first nail into place. You reduce it to blueprint and develop construction plans. All of this is done before the earth is touched. If not, then in the second creation, the physical creation, you will have to make expensive changes that may double the cost of your home. Begin with the end in mind.


- HABIT 3: PUT FIRST THINGS FIRST

If Habit 2 is about visualising and imagining the end and planning, then Habit 3 is the physical part.


INTERDEPENDENCE
The next three have to do with Interdependence (I.e working with others):


- HABIT 4: THINK WIN-WIN

Someone once said 'You can never Win an argument' as if you win it verbally there and then, you've lost some respect from the person you've been talking too. So you might of gained points from the argument but you've also lost points with them.
THINK WIN-WIN is basically listening with intent to the other person so you can understand their point you could argue their point to them just as well as they can. And like a triangle come to an outcome where both parties can achieve a higher result.


- HABIT 5: SEEK FIRST TO UNDERSTAND, THEN TO BE UNDERSTOOD

This is about listening and understanding someones point of view without interrupting as we tend to always think everyone thinks like us, but going back to the picture of the lady, if we assume the picture is of an old lady so must the person were speaking too. We must take a step back and fully listen and understand them and how they see something before we give information.


- HABIT 6: SYNERGIZE

Merging all the Habits together and like team work more can be achieved together than apart.


Continuous Improvement
The final Habit...

Habit 7: Sharpen the Saw

Basically the story of the tree cutter working hard hours on end trying to cut down a tree within a time frame, whereas someone else spends most the time sharpening the saw and cuts the wood in a fraction of the time.





Some good stories and examples are littered throughout the book a few good ones for me were:
He showed a picture of a lady:


He explains that this was done i think it said in Harvard Business school. Half the class said they saw a young lady, and the other half said they saw an old lady!

BUT who was right!? clearly someone was wrong.

The lesson here is that BOTH ARE RIGHT! you can either see a young looking high class lady looking away from you, or you can see an old lady with a big nose and a big chin looking to the bottom left of the picture.

The lesson was designed to explain and show, how two people can look at the SAME situation, picture but see TOTALLY different things! 
Neither is wrong, and thats why you shouldn't always assume your partner or colleague etc has fully understood what you have asked of them or have shown them. Check with them first for feedback etc


Another he tells of a conversation between two people at sea, .... 

While at sea someone notices they are on course with another ship, and they communicate to say change your course by 20 degrees.
- They hear a reply saying NO you change your course
- The ship replies with an ego response, I'm a captain change your course!
- The reply back is 'I'm a sea-man change your course!'
- The ship replies back with 'I'M A BATTLESHIP! CHANGE YOUR COURSE!'
- The reply back is 'I'm a LIGHTHOUSE!'
- The ship changed it's course!

The story shows how paradigms can change in an instant when you see the FULL PICTURE, you might think your right and therefore are correct! But as this story shows when you actually see the full picture suddenly what you thought can be completely wrong.






My Highlights from the book:

- "Your attitude determines your altitude," "Smiling wins more friends than frowning." and "whatever the mind of man can conceive and believe it can achieve."

- Look at the word responsibility - "response - ability" - the ability to choose your response. Highly proactive people recognise that responsibility. They do not blame circumstances, conditions, or conditioning for their behaviour.

- As Eleanor Roosevelt observed, "No one can hurt you without your consent." In the words of Gandhi, "They cannot take away our self respect if we do not give it to them."

- "I am what i am today because of the choices i made yesterday," that person cannot say, "I choose otherwise."

- "Management is doing things right, leadership is doing the right things." Management is efficiency in climbing the ladder of success; leadership determines whether the ladder is leaning against the right wall.

- Efficient management without effective leadership is, as one individual has phrased it, "like straightening deck chairs on the titanic." No management success can compensate for failure in leadership. But leadership is hard because we're often caught in a management paradigm.

- We are free to choose our actions, based on our knowledge of correct principles, but we are not free to choose the consequences of those actions. Remember, "If you pick up one end of the stick, you pick up the other."

- Remember that your paradigm is the source from which your attitudes and behaviours flow. A paradigm is like a pair of glasses; it affects the way you see everything in your life. If you look at things through the paradigm of correct principles, what you see in life is dramatically different from what you see through any other centred paradigm.

- Personal responsibility, or proactivity, is fundamental to the first creation. Returning to the computer metaphor, Habit 1 says "You are the programmer." Habit 2, then, says, "Write the program." Until you accept the idea that you are responsible, that you are the programmer, you won't really invest in writing the program.

- Abraham Maslow, "He that is good with a hammer tends to think everything is a nail."

- A good affirmation has five basic ingredients: it's personal, it's positive, it's present tense, it's visual, and it's emotional. So i might write something like this: "It is deeply satisfying (emotional) that i (personal) respond (present tense) with wisdom, love, firmness, and self-control (positive) when my children misbehave."

- Time and time again, I see the leadership of the organisation come into a group and say that IBM stands for three things: the dignity of the individual, excellence, and service. These things represent the belief system of IBM.

- The ability to manage well doesn't make much difference if you're not even in the "right jungle." But if you are in the right jungle, it makes all the difference. In fact, the ability to manage well determines the quality and even the existence of the second creation. Management is the breaking down, the analysis, the sequencing, the specific application, the time-bound left-brain aspect of effective self-government. My own maxim of personal effectiveness is this; Manage from the left; lead from the right.

- A paradigm is like a pair of glasses, 

- Integrity is, fundamentally, the value we place on ourselves. It's our ability to make and keep commitments to ourselves, to "walk our talk." It's honour with self, a fundamental part of the character ethic, the essence of proactive growth.

- Organise and execute around priorities.

- Pareto Principle - 80 percent of the results flow out of 20 percent of the activities.

- The key is not to prioritise what's on your schedule, but to schedule your priorities.

- Returning once more to the computer metaphor, if Habit 1 says "You're the programmer" and Habit 2 says "Write the program," then Habit 3 says "Run the program," "Live the program."

- We accomplish all that we do through delegation - either to time or to other people. If we delegate to time, we think efficiency. If we delegate to other people, we think effectiveness. Many people refuse to delegate to other people because they feel it takes too much time and effort and they could do the job better themselves. But effectively delegating to others is perhaps the single most powerful high-leverage activity there is.

- You can't have the fruits without the roots. It's the principle of sequencing: Private Victory precedes Public Victory. Self-mastery and self-discipline are the foundation of good relationships with others.
Some people say that you have to like yourself before you can like others. I think that idea has merit, but if you don't know yourself, if you don't control yourself, if you don't have mastery over yourself, it's very hard to like yourself, except in some short-term, psych-up, superficial way.

- It's hard not to get impatient. It takes character to be proactive, to focus on your Circle of Influence, to nurture growing things and not to "pull up the flowers to see how the roots are coming." 

- So often the problem is in the system, not in the people. If you put good people in bad systems, you get bad results. You have to water the flowers you want to grow.

- You don't have much confidence in someone who doesn't diagnose before he or she prescribes. But how often do we diagnose before we prescribe in communication?

- Seek first to understand, then to be understood. This principle is the key to effective interpersonal communication.

- Communication experts estimate, in fact, that only 10 percent of our communication is represented by the words we say, Another 30 percent is represented by our sounds, and 60 percent by our body language. (Actions do speak louder than words it seems)

- Seeking first to understand, diagnosing before you prescribe, is hard. It's so much easier in the short run to hand someone a pair of glasses that have fit you so well these many years.

- If you don't have confidence in the diagnosis, you won't have confidence in the prescription.
This principle is also true in sales. An effective sales person first seeks to understand the needs, the concerns, the situation of the customer. The amateur salesman sells products; the professional sells solutions to needs and problems. It's a totally different approach. The professional learns how to diagnose, how to understand. He also learns how to relate people's needs to his products and services. And, he has to have the integrity to say, "My product or service will not meet that need" if it will not.

- Because we listen autobiographically, we tend to respond in one of four ways. We evaluate - we either agree or disagree; we probe - we ask questions from our own frame of reference; we advise - we give counsel based on our own experience; or we interpret - we try to figure people out, to explain their motives, their behaviour, based on our own motives and behaviour. 

- The early Greeks had a magnificent philosophy which is embodied in three sequentially arranged words: ethos, pathos, and logos. I suggest these words contain the essence of seeking first to understand and making effective presentations.
Ethos is your personal credibility, the faith people have in your integrity and competency. It's the trust that you inspire, your Emotional Bank Account. Pathos is the empathic side - it's the feeling. It means that you are in alignment with the emotional thrust of another person's communication. Logos is the logic, the reasoning part of the presentation.

- The combination of those ingredients - the high Emotional Bank Account, thinking Win/Win, and seeking first to understand - creates the ideal environment for synergy. 
Buddhism calls this "the middle way." Middle in this sense does not mean compromise; it means higher, like the apex of the triangle.

- When you exercise your patience beyond your past limits, the emotional fibre is broken, nature overcompensates, and next time the fibre is stronger.

- Religious leader David O. Mckay taught, "The greatest battles of life are fought out daily in the silent chambers of the soul."

- It is said that wars are won in the general's tent.

- Goethe taught, "Treat a man as he is and he will remain as he is. Treat a man as he can and should be and he will become as he can and should be."

- In the words of Madame de Stael, "The voice of conscience is so delicate that it is easy to stifle it: but it is also so clear that it is impossible to mistake it."

- The law of the harvest governs; we will always reap what we sow - no more, no less. The law of justice is immutable, and the closer we align ourselves with correct principles, the better our judgment will be about how the world operates and the more accurate our paradigms - our maps of the territory - will be.

- "There are only two lasting bequests we can give our children - one is roots, the other wings."

- Change - real change - comes from the inside out. It doesn't come from hacking at the leaves of attitude and behaviour with quick fix personality ethic techniques. It comes from striking at the root - the fabric of our thought, the fundamental, essential paradigms, which give definition to our character and create the lens through which we see the world.

- Principles are natural laws that are external to us and that ultimately control the consequences of our actions. Values are internal and subjective and represent that which we feel strongest about in guiding our behaviour.

- Any airplane is off track much of the time buy just keeps coming back to the flight plan. Eventually, it arrives at its destination. This is true with all of us as individuals, families, or organisations. The key is to have an "End in Mind" and a shared commitment to constant feedback and constant course correction.

- Being highly effective as individuals and organisations is no longer optional in today's world - it's the price of entry to the playing field. But surviving, thriving, innovating, excelling and leading in this new reality will require us to build on and reach beyond effectiveness.

- People don't care how much you know until they know how much you care.









- Circle of influence 

Tuesday 27 August 2013

The Naked Trader - Book Review



THE NAKED TRADER - REVIEW


http://www.nakedtrader.co.uk


In a nutshell:

'Robbie Burns tells how he trades from home, so effectively could trade naked if i wanted too, hence the title 'The Naked Trader'. 

He explains how to start off and shares his tip and tricks and what he does, and tells stories from himself and ones he's heard of other traders'

I thought this book was great, for someone reason either the way its written or Robbie himself i don't know but i couldn't put it down and nearly finished the book in a day!

you can get the book from his website 

http://www.nakedtrader.co.uk or from other popular web stores.




What i Learnt:

- The stock market is NOT out of reach, and like anything if you give time to learn it.

- Whether this would work, as i don't know if spending every day constantly checking would work for me.

- As little as a laptop with broadband and bank account and you could be away!


What i've taken from this book is:

- I need to research and understand business accounts! this is a MUST!

- This book was VERY USEFUL and i will be reading it again!

- I am now saving up £3,000 and looking to start myself, and in the mean time begin paper trading!

- Useful website to track markets:
 advfn.com
 iii.co.uk
 moneyam.com
 proquote.net
 hemscott.net
 digitallook.com

- Look at stocks that pay out dividends as this will give me money also

- Investors use ISA's to invest with and make gains from tax free LEGALLY (max deposited each year currently around £10,000)

- To invest in stock, using online brokers 'Barclays, Natwest etc' watch out for hidden charges and add in commission per trade.

- Medium Term investor gives roughly (8.5/10 success)
 Safe and steady Investor (6/10 success)
 'Utilities - Food 'Supermarkets' Energy 'British Gas' etc
 - Long Term Investor (8/10 success)

Overall this book was like it was written just for me in the way it was written i clicked with it very quickly! I would defiantly recommend this book for someone looking to get into stock markets and trading.