Category — Managing Money

I wanted to write about the Law Of Attraction for sometime but some how something else got in the way. Now I felt that is is time to say something on the subject, at the risk of starting a war on this blog.

First, let me say, I’ve seen and done quite a lot of all these visualization for success, positive thinking, positive reinforcement whatever. Being in the sales line, we become rich targets for people wanting a piece of our cash. For many years, I believed a lot of this crap. Many colleagues who succeeded swear by the stuff the trainers or so call gurus dish out.

In hindsight, I realized they just worked a lot harder than the less successful ones. I know a couple who worked, and I quote we take 1 day off a month or in 2 months. Other less aggressive colleagues are putting in at least 60 or 70 hours plus weeks. And they did well. Assuming for the moment, we define success being earning more income.

If you have not heard of the Law of Attraction, basically it is summed up as think of something hard enough, long enough, believe that your mind attracts what it thinks about and it becomes true.

[Read more →]

While there is bad news all over about the financial crisis, there is something to learn from it all. Although this mess is so big that 3 men in black i.e. Henry Paulson, Ben Bernanke and Timothy Geithner have more than their hands full and sleepless night putting out fire across the financial firestorm, the lessons I think are quite simple.

Don’t be Greedy

It was greed that spark this firestorm in the first place. Greed by those on Wall Street, including financial giants like Lehman Brothers, AIG and the similar companies. The greed was relatively easy money on the returns of their investment.

Management of the above companies were also greedy since they are rewarded with bonuses and stock options when the company’s bottom line met or exceeded. What better way than to jump onto a band wagon of easy returns.

[Read more →]