The Plane, the plane!
Many of you probably remember the short gentleman on Fantasy Island that shouted, “The Plane, the plane!” That should bring back memories for many, but there is a valuable lesson about your finances in that statement.
A plane does what is should physically not be able to do. The wings of a 747 weigh 95,000 pounds. The passenger potion of the plane weighs 53,000 pounds (this does not include the weight of the passengers, flight crew and luggage). The 747 plane stands at a height of 63 feet and 8 inches, which is the equivalent to a six story building. Yet the 747 is still able to fly from destination to destination with little effort.
Big deal, you know that where is the financial lesson?
I am elated that you asked!
From time to time between destinations the plane experiences an irregular atmospheric motion which is an issue known as turbulence. Turbulence can be annoying and frightening to the passengers. The passenger may sometimes act a bit out of character but the pilot always keeps calm and attempts to find a way to fly above or below this atmospheric shift. If he can not climb from or descend out of the turbulence, he has only one option – go through it.
Right now many are going though turbulent times with their finances. In turbulent times remember the following:
Like the airplane it does not appear, on the surface, that you should fly but you have been conditioned to fly.
Remain calm the turbulence will only last for a little while longer.
Resist the urge to bail out. If the plane doesn’t fair well in turbulence how well will you fair?
Resist the urge to act out of your character although those around you are doing so.
You can succeed in turbulent times.
Tuesday, November 18, 2008
Wednesday, November 12, 2008
Change Your Language
Language is very important as it is language that is a mirror of one’s attitudes, thoughts and insights. You can tell where most (if not all) people are financially by listening to their language about money. Let’s take a peak and tell me if my conclusion is correct or not:
An immature financial person will say something like “I can’t afford this”.
A mature financial person will say “I must budget a little more for this in order to acquire it”.
An immature financial person will say “I make the money but I don’t have anything to show for it”.
A mature financial person will say “I can account for every dollar was spent”.
An immature financial person will say “I wish I had what he or she has”.
A mature financial person will say “I can have that but I need to develop a quality financial plan in order to obtain it a little later”.
An immature financial person will say “I am broke”.
A mature financial person will say “I don’t have the money I need right now but I will obtain it shortly”.
Language reveals a person’s mindset, character and what one is trying to hide. Which person are you, the financially immature or the financially mature person?
Language is very important as it is language that is a mirror of one’s attitudes, thoughts and insights. You can tell where most (if not all) people are financially by listening to their language about money. Let’s take a peak and tell me if my conclusion is correct or not:
An immature financial person will say something like “I can’t afford this”.
A mature financial person will say “I must budget a little more for this in order to acquire it”.
An immature financial person will say “I make the money but I don’t have anything to show for it”.
A mature financial person will say “I can account for every dollar was spent”.
An immature financial person will say “I wish I had what he or she has”.
A mature financial person will say “I can have that but I need to develop a quality financial plan in order to obtain it a little later”.
An immature financial person will say “I am broke”.
A mature financial person will say “I don’t have the money I need right now but I will obtain it shortly”.
Language reveals a person’s mindset, character and what one is trying to hide. Which person are you, the financially immature or the financially mature person?
Tuesday, November 04, 2008
Vision
What is your vision for your financial future? That might be a tricky question for many people. First we must describe vision.
My definition of vision is the vantage point from where we see a particular thing or situation.
If someone were to walk out the front door of a home in a densly populated city they might see buildings, people and other housesm. But they might not be able to see much further or more than that.
If that same person were to sit on the roof of their home they would be able to see a lot further. The other thing that would happen is the object near to them will appear slightly smaller.
If the same person were to sit in a air balloon about eight hundred feet directly above his home, his line of sight would change drastically. Everything that he looks upon would appear very small.
Those of us who live for the moment are viewing our positions from the first area - the front of the house.
Those that who are able to put their gratification for a few months have a roof top view.
Those who have a long term view are those who sit high atop things and are able to see a bit more.
What perspective do you currently have about your financial future? Think about it before you answer. If you need assistance take a look at your last bank and credit card statements. What percentage of those expenses is helping to build your financial future?
What is your vision for your financial future? That might be a tricky question for many people. First we must describe vision.
My definition of vision is the vantage point from where we see a particular thing or situation.
If someone were to walk out the front door of a home in a densly populated city they might see buildings, people and other housesm. But they might not be able to see much further or more than that.
If that same person were to sit on the roof of their home they would be able to see a lot further. The other thing that would happen is the object near to them will appear slightly smaller.
If the same person were to sit in a air balloon about eight hundred feet directly above his home, his line of sight would change drastically. Everything that he looks upon would appear very small.
Those of us who live for the moment are viewing our positions from the first area - the front of the house.
Those that who are able to put their gratification for a few months have a roof top view.
Those who have a long term view are those who sit high atop things and are able to see a bit more.
What perspective do you currently have about your financial future? Think about it before you answer. If you need assistance take a look at your last bank and credit card statements. What percentage of those expenses is helping to build your financial future?
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