11 ways of staying focused

Each of us has our busy lives and in this world of constant distractions, how can we stay focused on our goals? This document discusses several techniques I have found to work.

 

For me, there are always several things constantly competing for my time – recording Inner Game Calls, business opportunities to explore, my daily work, personal commitments etc. In my experience whenever I try to work on many things at the same time, none of them actually gets done.

 

In response, I’ve incorporated the following techniques for staying focused into my work patterns:

 

1.       Having well defined goals. I can’t stress the importance of this too much. Having goals which are well defined along good guidelines is key. I’ve found writing my goals down really helps. Whenever I get distracted, I read my goals and I’m reminded of what I am trying to do and why.

 

2.       Breaking things into bite sized chunks. Having broad high level goals are good but having an actionable plan is essential. A plan can identify how you can get from where you are to where you want go. Breaking goals into smaller actionable chunks (tasks) is great – it gives me motivation to start and allows me to get things done in one sitting.

 

3.       Prioritizing constantly. To figure out which task I should be working on, I prioritize constantly. Some tasks are more important than others. Some tasks are more urgent than others. I’ve found that working on urgent tasks followed by tasks which have the greatest impact to work well for me – urgent tasks allow me to get things done on time and important tasks allow me to maximize the benefits I receive.

 

4.       Tracking progress vigorously. Each of us wants to improve our lives. However, it is easy to start with good intentions but more difficult to sustain commitment. I’ve found that by tracking my progress, I have more visibility on what I’ve done and can better gauge how much effort is left.

 

5.       Planning ahead without fail. Concentrating on the remaining effort can help reinforce commitment. Some might think they’ll get discouraged, however I haven’t found this to be the case because my tasks are bite sized and easy to finish. I’ve found it really helps to look at my goals and task lists periodically, so I can assess how much time it’ll take to do something and determine the best time to sit down and work on it.

 

6.       Rewarding myself when warranted. By all means focus on what’s outstanding, but also take stock of what’s done. I always reflect on what I’ve done, whether it is reviewing the list of Inner Game Calls I did awhile ago or looking at the ticks I’ve made alongside my task lists. Whenever I accomplish a logical piece of work, I always reward myself. It really does help with maintaining motivation.

 

7.       Having positive patterns in my routine. I’ve found having good habits and positive patterns to be instrumental. At the moment, I can consistently get more done. As these patterns continue to establish into a routine, I’m finding that I can better judge the periods of the day in which I really need to focus and work.

8.       Removing distractions as best I can. The best way not to give in to temptation is not to have the option to. What seems to work for me is making the distractions difficult or inconvenient to access. Because it takes too much effort to indulge in the distraction, I find it is less likely for me to give in.

 

9.       Blocking out some time. I wake up early and consistently. You don’t necessarily have to do this but I’ve found that having quiet time, set aside specifically for accomplishing a given task, to be very productive. I also tend to be more focused in the morning after a restful night.

 

10.   Keeping the results clear in mind. Instead of concentrating too much on the task at hand, sometimes I put some attention on the feelings I ultimately wish to experience. By focusing on the results, it is easier for me to maintain my motivation especially when working on things that I am not by nature motivated by.

 

11.   Enlisting my family and friends for help. I communicate with my family and friends about my goals all the time. Not only have they been helpful with gentle reminders whenever they see my behavior is not consistent with my goals, but they also give me constant incentives to work at my goals and succeed.

 

These 11 techniques can be applied to any aspect of your personal and professional lives. If you find you have trouble staying focused for whatever reason, try applying some or all of these techniques. What works for me may not necessarily work for you, so don’t be afraid to experiment. If you have any techniques which work for you that I have not listed, please send them to me.

 

Coach Keith Young

17 Facts That Prove That The Average American Family Is Getting Absolutely Pulverized By This Economy

How in the world does the average American family survive in this economy?  The median household income is a little bit less than $50,000 a year right now.  So let’s call that about $4000 a month.  But before any of that money gets spent, you have to take out at least $1000 in taxes.  That leaves about $3000 a month to pay all the bills with.  With that $3000 you have to pay the mortgage (or rent), make the car payments, make the student loan payments, pay for power and water, pay for health insurance, pay for home insurance, pay for car insurance, pay the phone bill, pay the Internet bill and pay the cable bill.  On top of all that, every member of the family needs three meals a day and the cars need to be filled up with gasoline or they won’t go anywhere.  Of course I haven’t even mentioned expenses that don’t happen every month such as car repairs or new shoes.  No wonder so many families are feeling so financially stressed!

The truth is that American families are getting squeezed harder than they have been in ages.  The number of good jobs is declining, incomes are going down, and the cost of living just keeps going up.

The following are 17 facts that prove that the average American family is getting absolutely pulverized by this economy….

#1 The cost of a health insurance policy for the average American family rose by a whopping 9 percent last year.  According to a report put out by the Kaiser Family Foundation and the Health Research and Educational Trust, the average family health insurance policy now costs over $15,000 a year.

How in the world can most families afford that?  Yes, in many cases employers are paying for at least a portion of that, but still that seems absolutely outrageous.

#2 Due to rising costs, a lot of employers are completely getting rid of health plans for their employees.  In fact, the percentage of Americans covered by employer-based health plans has fallenfor 11 years in a row.

#3 The number of uninsured Americans continues to rise.  Things have gotten so bad that an all-time record 49.9 million Americans do not have any health insurance at all.

#4 At this point, most American families are tapped out financially.  According to the U.S. Labor Department, incomes and spending were both down for the second straight year in 2010.

#5 At the same time, the employment picture continues to look worse with each passing month.  According to the U.S. Bureau of Labor Statistics, the number of layoffs in the United States was up 14 percent in August.

#6 Even if you do have a job that doesn’t mean that you are doing much more than surviving.  According to Paul Osterman, a professor of economics at MIT, approximately 20 percent of all employed Americans are making $10.65 an hour or less.

#7 The amount of debt that the average American family has piled up is absolutely staggering.  The median yearly wage in the United States is just $26,261, but the average American household is carrying $75,600 in debt.

#8 Consumer confidence is extremely low right now.  If the U.S. economy was in good shape, the Consumer Confidence Index would be up around 90.  Instead, it is sitting at 45.4.

#9 Nearly every recent survey shows that the American people are feeling really depressed about the economy right now.  In fact, one poll found that 80 percent of them believe that we are actually in a recession right now.

#10 Many consumers are seriously starting to cut back on spending again, and that is not a good sign for the U.S. economy.  According to one recent study, 40 percent of all Americans have cut back on their spending within the last 60 days.

#11 It certainly does not help that millions of good jobs have been shipped out of the country.  Sadly, the trend of offshoring our jobs is going to continue to accelerate if something is not done.  According to Professor Alan Blinder of Princeton University, 40 million more U.S. jobs could be sent offshore over the next two decades.

#12 There is a lot of fear in the workforce right now.  According to Gallup, 30 percent of all employed Americans are worried that they will be laid off soon.

#13 Today, there are 5.9 million Americans between the ages of 25 and 34 that are living with their parents.  That is putting an even greater strain on the budgets of many families.

#14 American families have gotten very accustomed to using plastic to pay for things.  Today, the average U.S. household has 13 different credit cards.

#15 Many American families are not making it at all in this economy.  Last year, 2.6 million more Americans dropped into poverty.  That was the largest increase that we have seen since the U.S. government began keeping statistics on this back in 1959.

#16 For many American families, living on food stamps has become a way of life.  Today, there are more than 45 million Americans on food stamps and we keep setting a brand new record almost every single month.

#17 Things have gotten so bad that many American families are selling off whatever they can in order to survive.  For example, down in Florida hundreds of people have been selling off their burial plots in an attempt to raise cash.  The following is an excerpt from a local news report about this new trend….

 

Most American families are living in a state of almost constant financial stress.  Way too many parents are spending way too many sleepless nights wondering how in the world they will be able to keep their heads above water for another month.

Very few families seem to have “extra money” for stuff these days.  Yeah, there are the “privileged few”, but most people are really struggling to get by.

In America today, if you are able to keep your home from being foreclosed and you are able to put food on the table and clothes on the backs of your family then you are doing pretty good.

Sadly, as our current economic crisis deepens, the average American family is going to have an even more difficult time trying to survive financially.

This post is from The Trading Report


Why you cannot get ahead with your finances

Recently I had several ask me why it seems like no matter how hard they try then cannot get ahead with their fiances and money. they buy this book and that book and this program and that program and watch this show that claims they have the answers and advice and yet they still cannot get ahead and remain stuck exactly where they are right now.  In weight loss their is the yo-yo dieters that lose weight on a diet then gain it back and lose it again on another diet and gain it back plus some.  The next fad diet comes along and they believe that this one is the magic pill that will finally help them. They lose the weight and gain more back again.

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Where does your money go?

Ever wonder where you money goes every month? Watch this video as it is a real eye opener.

Creating Wealth & the Law of Attraction

     Can you create wealth by using the Law of Attraction?  First you have to believe and know that the Law of Attraction will work for you. Most everyone has heard of the Law of Attraction but the fact is most people don’t really believe in it or the ones that do don’t really understand how to use it. I for one believe in the universal laws and that includes the Law of Attraction.  Let’s take a look at the Law of Attraction and how it really works.

   The Law of Attraction, to put it simply, is you get what you think about.  This is where what I call the magic money mindset comes in as well.  If you have a scarcity mindset then you will attract more scarcity.  That is do you say to yourself things like, “if only I had the money for that” or “I can’t afford that.” Maybe you think things like, “the only way I will ever have a lot of money is if I win the lottery.” Do you see how that is a scarcity mindset.  You are constantly focusing on the lack of. If you focus on the lack of you will attract more lack or scarcity.

   Now on the other hand rich peofople and wealthy people have an abundance and prosperity mindset. That is they know for a fact that they will have a lot of money and money will come to them easily. They see themselves as wealthy and rich.  Even if they lost it all they know they will make it back again and then some.  It seems like they are a money magnet. You probably know people like that as it seems like no matter what they attract money and money just flows to them.

   The reason is because they have that magic money mindset.  They attract more of what they think about. They have that success mindset and that money comes to them easily and often.  That is the kind of mindset you need in order to attract more money.

  The Law of Attraction works.  It is part of the Universal Laws that we can’t really explain. Let me give you an example of the Law of Attraction. 

  Let’s say you have been driving a Ford Explorer for years. Every time you are on the road there is a lot of cars but it seems like Ford Explorers stand out and you notice them more.  That is because your subconscious mind is set to Ford Explorer. This part of your subconscious  and is called the reticular cortex.  Its job is to notice what you have set your mindset to.

   Now you decide to go more economical and buy a Toyota Corolla.  Within a few days you notice how many Corolla’s there are on the road. Why is that?  They were always there.  You just didn’t notice them because your mindset, your reticular cortex, your Law of Attraction was set to a Ford Explorer.  Now that you are a Corolla person you have a different mindset which sets your reticular differently and now your attracted to the Corolla’s.

   That is why having an abundance and prosperity mindset, that magic money mindset is so important.  If you set your reticular to abundance and prosperity and having money rather than scarcity then you will start to see money opportunities out there that were there all the time but your reticular was set to the lack of or scarcity. That is how the Law of Attraction works.

   So what kind of money mindset do you have? You may have reset your mindset to reset your reticular if you want to start to attract more money into your life.

For more info go to www.magicmoneymindset.com

 

Keith Young

Performance and Accountability Coach

Do You Have a Magic Money Mindset for Creating Wealth?

Most people do not even think of their money mindset to create wealth, especially those who do not have a lot of money. Why should your money mindset make a difference anyway? Does creating wealth have anything to do with your money mindset? Let’s explore this a little.

I think there are two different money mindsets. There is the scarcity mindset where someone will think about having the lack of money, or they can’t afford this, or people like them don’t have money. They play the lottery in hopes of hitting it big because they think that is the only way they will ever become wealthy. They constantly focus on their lack of money or seeing their bank account go down. They never see the abundance that is right in front of them.

The other mindset is the abundance and prosperity mindset. This mindset belongs to people who have a lot of money and know that they will continue to make a lot of money.  They believe they will always be rich and money is never an issue with them.  They believe that even if they lost every penny they have they will make it back again plus more. They see themselves as being wealthy and rich and believe in themselves to make as much money as they want. They always see the opportunities that are before them and take advantages of these opportunities.

So where do these people get this type of mindset? Some were fortunate enough to have parents pass along and instill in them the attitude of you can have anything you set your mind to doing. Others have found the secret as they progressed in their life. The secret is making a decision to have a positive money mindset and then take action on the opportunities that are already there. They are willing to put in the work necessary to achieve their goals. They know that change a belief and attitude is work but easier than you think.

So how do you change a belief or attitude toward money? The imprinting process through visualizations and affirmations to start. It also takes clarity of goals and action plans and most have a mentor or coach to keep them accountable as well. It all starts with a decision.

It doesn’t matter what age you are, how much money you currently have or how deeply in debt you are. Creating wealth and becoming financially free is only a decision away.

 

Keith Young

Performance and Accountability Coach

www.magicmoneymindset.com

Creating Wealth with Mindpower

Can you really create wealth using mindpower? The simple answer is yes you can. It does take discipline and belief though. Our minds are powerful tools and most people do not know how to use them or use them to the extent that will make a difference.  Most people look at how to get rich quick schemes or ways to make money fast rather than actually using their mind and create wealth to achieve financial freedom.

I suggest you learn how to create wealth rather than just how to make more money. Anyone can make more money. Stop the how to get rich quick mentality. Start thinking about creating wealth and becoming debt free.  This is a process and processes take time but they last a lifetime.

So how can you use your mind to create more wealth? First you need clarity on what you actually want. That means setting goals. Financial goals. Once you have clarity then you need a plan. It doesn’t have to start out as a detailed plan. Now here is where you mind comes in.

Once you have a clear goal it will set your subconscious mind to work on looking for opportunities to fulfill that goal.  It activates your reticular cortex of the brain and it is called your reticular activating system. The subconscious mind will only act when something specific is given to act on.

We operate 90-95% of the time on our internal programming. We are programmed from an early age in everything we do including our money beliefs. We have a money story that has been written and programmed into our subconscious throughout the years. Think about driving a car. You don’t have to consciously think about driving a car anymore. You have been programmed to just drive it. Most of the time you don’t remember how you got to your destination you just remember getting there. That is because your internal programming was running the show. It is operating on your programming of driving a car. Your eye sees a red light it automatically sends a signal to your leg to move and step on the brake.

It is the same thing with money. We are programmed to have a scarcity mindset or an abundance and prosperity mindset. If you struggle to pay your bills each month or are deeply in debt or just comfortable but you know you will never be wealthy, then you probably have a scarcity mindset. Most wealthy people have an abundance and prosperity mindset. They know they will make a lot of money and even if they lose it all they know they can become wealthy again.

So what do you have? Do you have an abundance and prosperity mindset or scarcity mindset? Do you see yourself becoming wealthy? Do you have thoughts of people like me never have money or it takes money to make money or rich people are evil?  Then if you want to have more money in your life you have to change your money mindset.  Your mindpower can change your bank account. Take action today to get a magic money mindset.

You can find out more about having a magic money mindset at www.magicmoneymindset.com

Keith Young

Performance & Accountability coach

 

 

Marriage & money: 5 Tips: How to talk to your partner about money.

Marriage & money
5 Tips: How to talk to your partner about money.By Gerri Willis, CNN/Money contributing columnist

If you and your partner don't take time to address the issue, money and relationship problems can arise further down the aisle.

Take today's five tips on talking marriage & money, and you'll live happily ever after.

1. No secrets.

Many couples can talk about religion, sex, and what they are going to name their kids. But often they're far less open about money, which is frequently cited as a reason for divorce.

A survey conducted last year by Smart Money/Redbook of married or cohabiting adults found 36 percent of men and 40 percent of women admitted they had lied to their spouse about what they had paid for an item.

You should disclose as much as you can to each other, including your salary, debt load, student loans, inheritance, savings and credit status. Start by having small conversations on your leisure time. Don't try to fit it in on the way to work or when you both come home and are exhausted.

To put a little sugar on top, talk about your money dreams too. Have you always wanted to travel to Africa? Do you hope to pay for all your kids' college educations? Creating goals will give you the drive to save more. As two, the sky is the limit -- and dreaming about the sky will help you two create limits.

2. Put your own wealth aside.

She makes more and owns the house, so she gets to spend more and gets to make all the financial decisions. That's not the best attitude to have in a marriage. Maybe her husband mows the lawn and cooks her dinner while she works the longer hours at the office so she can earn more money.

By drawing lines based on who is 'worth' more, you're bound to start an argument. You have to agree to work together, talk through things and not bully one another. After all, presumably you did marry for love, not money.

3. To combine or not to combine?

Will your checks say "Mr. and Mrs." or just "Mr." and "Mrs."? If you are a younger couple without a lot of assets, a joint account can work well. This lets you build together from the ground up. Jeff Opdyke, author of "Love & Money," calls this "financial intimacy."

But if you're an older couple or going into a second marriage, separate accounts may make sense. You both may already have successful careers and financial systems set up that you want to keep intact. This is also a good option if one partner has credit card debt that the other doesn't want to absorb.

A third option is to have a joint account for some expenses (joint savings and living expenses) and separate accounts for individual spending money. For instance, you could both agree to put 10 percent of your income in personal accounts and put the remainder in the shared pot.

4. Remember, things change.

Five or 10 years into your marriage, your money concerns are likely to be different from those you had when you walked down the aisle. That's why, in addition to monthly money meetings with your spouse to keep abreast of near-term financial issues, you should discuss your big money picture at least once a year.

Make sure your retirement plans mesh. If one's 401(k) is invested solely in high-risk funds, the other partner may want to diversify more. Make sure, too, that you're still aware of each other's desires and goals -- from taking vacations or buying a home to having children.

And take time to discuss the "what ifs." What if one partner loses his or her job? What if one wants to go back to school? What if someone gets a job in another part of the country? Will the other spouse be willing to pack up and move?

5. Discuss tough topics.

There are some topics that nobody likes to talk about but that need to be discussed, especially when children are involved. First and foremost, make sure you have a will. If you don't make a will before your death, state law will determine who gets your property, or worse yet, even raise your children.

You also want to consider life insurance to provide for your family if you pass on. Finally, talk about a prenuptial agreement if one of you has kids or you're entering a marriage where one partner has a great deal more in assets than the other.

 

Track your day to financial success

Track Your Day to Financial Success

If you’re like most people you probably go about your day-to-day business never really thinking about the moment-to-moment activities that consume your day. I’d like to walk you through an exercise that will help you earn the highest possible revenue per hour.

Let’s assume that we each start with 365 days in a year. If we take away the following:

  • Weekends 104 days
  • Two weeks of vacation
  • Personal religious holidays – (Three is the average)

That leaves each one of us with approximately 238 days in order to earn the income we desire. If you multiply these 238 days times an average of 10 working hours per day, you are dealing with 2,380 hours of real work time for the year. So let’s do some math. If your yearly income goals are as follows:

  • $25k = you must be earning an average of $10.50 every hour of work.
  • $50K = $21 per hour
  • $100k = $42 per hour
  • $250k = $105 per hour
  • $1 M = $420 per hour
  • $5 M = $2100 per hour
  • $10 M = $4200 per hour

In order to earn the income per year that you really want, you absolutely must be doing activities every hour that line up with this chart. If you are doing anything that isn’t your absolute highest producing income activity all the time, you are making it much harder to achieve your desired financial goals. Answer these four questions:

  1. What activity or activities generate your highest producing income?
  2. What are you spending your time doing?
  3. Are you focused on the real money makers or the real time wasters?
  4. Are you making it easy for yourself to be a high-income earner or are you doing the things that can be done by someone whose income goal or ability is less than yours? (Delegate or outsource projects and tasks that aren’t the highest income producing use of your time.)

When you start to look at each hour this way, you’ll stop doing the small stuff and you’ll start doing the real high producing stuff that yields results. You will build your business success and your wealth.

 

 

Financial Freedom

Everyone is starting to look into some financial freedom options so that they can have more money that they can actually spend. Debt is the reason why most Americans are suffering now as they’re trying to make a way to bring food on the table. Some Americans even suffer around Christmas time when they don’t have any money to purchase toys. Financial freedom is definitely on a lot of people’s minds. Most people want it before they retire or even before they die so that there descendants won’t have to suffer. There are many options available now when considering about your financial future.