August 5th, 2008 cate
What is the difference between these millionaires and you? Not much. They are just like you except they have lots and lots of money. Can you, too? Answer: Yes.
From rd:
“When you think “millionaire,” what image comes to mind? For many of us, it’s a flashy Wall Street banker type who flies a private jet, collects cars and lives the kind of decadent lifestyle that would make Donald Trump proud.
But many modern millionaires live in middle-class neighborhoods, work full-time and shop in discount stores like the rest of us. What motivates them isn’t material possessions but the choices that money can bring: “For the rich, it’s not about getting more stuff. It’s about having the freedom to make almost any decision you want,” says T. Harv Eker, author of Secrets of the Millionaire Mind. Wealth means you can send your child to any school or quit a job you don’t like.
According to the Spectrem Wealth Study, an annual survey of America’s wealthy, there are more people living the good life than ever before—the number of millionaires nearly doubled in the last decade. And the rich are getting richer. To make it onto the Forbes 400 list of the richest Americans, a mere billionaire no longer makes the cut. This year you needed a net worth of at least $1.3 billion.
If more people are getting richer than ever, why shouldn’t you be one of them? Here, five people who have at least a million dollars in liquid assets share the secrets that helped them get there.
Set your sights on where you’re going
Twenty years ago, Jeff Harris hardly seemed on the road to wealth. He was a college dropout who struggled to support his wife, DeAnn, and three kids, working as a grocery store clerk and at a junkyard where he melted scrap metal alongside convicts. “At times we were so broke that we washed our clothes in the bathtub because we couldn’t afford the Laundromat.” Now he’s a 49-year-old investment advisor and multimillionaire in York, South Carolina.
There was one big reason Jeff pulled ahead of the pack: He always knew he’d be rich. The reality is that 80 percent of Americans worth at least $5 million grew up in middle-class or lesser households, just like Jeff.
Wanting to be wealthy is a crucial first step. Says Eker, “The biggest obstacle to wealth is fear. People are afraid to think big, but if you think small, you’ll only achieve small things.”
It all started for Jeff when he met a stockbroker at a Christmas party. “Talking to him, it felt like discovering fire,” he says. “I started reading books about investing during my breaks at the grocery store, and I began putting $25 a month in a mutual fund.” Next he taught a class at a local community college on investing. His students became his first clients, which led to his investment practice. “There were lots of struggles,” says Jeff, “but what got me through it was believing with all my heart that I would succeed.”
Educate yourself
When Steve Maxwell graduated from college, he had an engineering degree and a high-tech job—but he couldn’t balance his checkbook. “I took one finance class in college but dropped it to go on a ski trip,” says the 45-year-old father of three, who lives in Windsor, Colorado. “I actually had to go to my bank and ask them to teach me how to read my statement.”
One of the biggest obstacles to making money is not understanding it: Thousands of us avoid investing because we just don’t get it. But to make money, you must be financially literate. “It bothered me that I didn’t understand this stuff,” says Steve, “so I read books and magazines about money management and investing, and I asked every financial whiz I knew to explain things to me.”
He and his wife started applying the lessons: They made a point to live below their means. They never bought on impulse, always negotiated better deals (on their cars, cable bills, furniture) and stayed in their home long after they could afford a more expensive one. They also put 20 percent of their annual salary into investments.
Within ten years, they were millionaires, and people were coming to Steve for advice. “Someone would say, ‘I need to refinance my house—what should I do?’ A lot of times, I wouldn’t know the answer, but I’d go find it and learn something in the process,” he says.
In 2003, Steve quit his job to become part owner of a company that holds personal finance seminars for employees of corporations like Wal-Mart. He also started going to real estate investment seminars, and it’s paid off: He now owns $30 million worth of investment properties, including apartment complexes, a shopping mall and a quarry.
“I was an engineer who never thought this life was possible, but all it truly takes is a little self-education,” says Steve. “You can do anything once you understand the basics.”
Passion pays off
In 1995, Jill Blashack Strahan and her husband were barely making ends meet. Like so many of us, Jill was eager to discover her purpose, so she splurged on a session with a life coach. “When I told her my goal was to make $30,000 a year, she said I was setting the bar too low. I needed to focus on my passion, not on the paycheck.”
Jill, who lives with her son in Alexandria, Minnesota, owned a gift basket company and earned just $15,000 a year. She noticed when she let potential buyers taste the food items, the baskets sold like crazy. Jill thought, Why not sell the food directly to customers in a fun setting?
With $6,000 in savings, a bank loan and a friend’s investment, Jill started packaging gourmet foods in a backyard shed and selling them at taste-testing parties. It wasn’t easy. “I remember sitting outside one day, thinking we were three months behind on our house payment, I had two employees I couldn’t pay, and I ought to get a real job. But then I thought, No, this is your dream. Recommit and get to work.”
She stuck with it, even after her husband died three years later. “I live by the law of abundance, meaning that even when there are challenges in life, I look for the win-win,” she says.
The positive attitude worked: Jill’s backyard company, Tastefully Simple, is now a direct-sales business, with $120 million in sales last year. And Jill was named one of the top 25 female business owners in North America by Fast Company magazine.
According to research by Thomas J. Stanley, author of The Millionaire Mind, over 80 percent of millionaires say they never would have been successful if their vocation wasn’t something they cared about.
Grow your money
Most of us know the never-ending cycle of living paycheck to paycheck. “The fastest way to get out of that pattern is to make extra money for the specific purpose of reinvesting in yourself,” says Loral Langemeier, author of The Millionaire Maker. In other words, earmark some money for the sole purpose of investing it in a place where it will grow dramatically—like a business or real estate.
There are endless ways to make extra money for investing—you just have to be willing to do the work. “Everyone has a marketable skill,” says Langemeier. “When I started out, I had a tutoring business, seeing clients in the morning before work and on my lunch break.”
A little moonlighting cash really can grow into a million. Twenty-five years ago, Rick Sikorski dreamed of owning a personal training business. “I rented a tiny studio where I charged $15 an hour,” he says. When money started trickling in, he squirreled it away instead of spending it, putting it all back into the business. Rick’s 400-square-foot studio is now Fitness Together, a franchise based in Highlands Ranch, Colorado, with more than 360 locations worldwide. And he’s worth over $40 million.
When extra money rolls in, it’s easy to think, Now I can buy that new TV. But if you want to get rich, you need to pay yourself first, by putting money where it will work hard for you—whether that’s in your retirement fund, a side business or investments like real estate.
No guts, no glory
Last summer, Dave Lindahl footed the bill for 18 relatives at a fancy mansion in the Adirondacks. One night, his dad looked out at the scenery and joked, “I can’t believe we used to call you the black sheep!”
At 29, Dave was broke, living in a small apartment near Boston and wondering what to do after ten years in a local rock band. “I looked around and thought, If I don’t do something, I’ll be stuck here forever.”
He started a landscape company, buying his equipment on credit. When business literally froze over that winter, a banker friend asked if he’d like to renovate a foreclosed home. “I’m a terrible carpenter, but I needed the money, so I went to some free seminars at Home Depot and figured it out as I went,” he says.
After a few more renovations, it occurred to him: Why not buy the homes and sell them for profit? He took a risk and bought his first property. Using the proceeds, he bought another, and another. Twelve years later, he owns apartment buildings, worth $143 million, in eight states.
The Biggest Secret? Stop spending.
Every millionaire we spoke to has one thing in common: Not a single one spends needlessly. Real estate investor Dave Lindahl drives a Ford Explorer and says his middle-class neighbors would be shocked to learn how much he’s worth. Fitness mogul Rick Sikorski can’t fathom why anyone would buy bottled water. Steve Maxwell, the finance teacher, looked at a $1.5 million home but decided to buy one for half the price because “a house with double the cost wouldn’t give me double the enjoyment.”
It’s not a fluke: According to the 2007 Annual Survey of Affluence & Wealth in America, some of the richest people “spend their money with a middle-class mind-set.” They clip coupons, wait for sales and buy luxury items at a discount.
No kidding! Talk show host Tyra Banks calls herself the Queen of Cheap and keeps perfume samples from magazine ads in her purse for quick touch-ups.
Sara Blakely, founder of the $100 million shapewear company Spanx, gets her hair trimmed at Supercuts.
And Warren Buffett, the third richest person in the world, according to Forbes, lives in the same Omaha, Nebraska, home he bought four decades ago for $31,500.”
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August 2nd, 2008 cate
Do you find yourself sometimes in situations where you are in contact with a person who you call your friend, but in reality, deep down inside you, you wonder why that person IS a friend?
For example, you hang out with, lets call this friend Patrisha, and while she is smart and fun and everything, there have been just too many instances where she just pisses you off. This happens over and over during the course of your friendship. She upsets you because she does selfish things that just caters to her own needs. Say, you’re out at a park with her and you both meet some very sweet, cute guys. For some bizarre reason, she dominates the conversation always and she makes sure you don’t get to spend more time with the guy you’re interested in, and who’s trying to get to know you better. She basically sabotages your opportunity to explore this new friendship with him because…who knows why.
She is, in fact, not interested in him; she simply doesn’t want you to see him.
Say also, for instance, that she meets some people who have the same interests as you do. She talks incessantly about them and when you ask if you can contact them because they seem to be in “your world,” she ignores you and avoids subjects where you will get to have contact with them.
Each time she does something that upsets you, you fluff it off and try to forget about it, but without a doubt, it happens again and again. You want to like her but she makes it so difficult to feel positive about her.
Yes. We’ve all met people like this. They are simply SELFISH opportunists. I’m not going to get into why that type of person is the way they are; that is futile.
The question is: why do you want to hang out with this kind of person?
The ole cliche goes, “Life’s too short….” right? I agree. It is. While some people will find forgiveness in their hearts over and over again, I tend to prefer to walk away from that situation. That is perfectly OK to do. Really. Otherwise, it causes unnecessary hurt and stress. Why would you continually subject yourself to this destructive element in your life. It’s not worth it. It will only manifest in illness. Just walk away and learn from the situation.
You should surround yourself with loving, TRUE friends. You deserve to be around good people so don’t feel badly if you must say goodbye to this “friend.” Life IS too short to waste on serial selfish people.
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July 31st, 2008 cate
Here are several suggestions for some of the best yoga retreats or “zen dens” in the world.
From concierge:
1. WILDFLOWER HALL
Where: Shimla, India
Guru says: Yoga was invented in the Himalayas, in caves where acolytes of Tantric bliss experimented with astrology, nutrition, sex, medicine, and asanas (postures). But cave dwelling is so 5,000 years ago: Stay instead at this cliff-side manor, once home to British commander-in-chief Lord Kitchener and now a luxury Oberoi property. Instruction with local masters who grew up practicing yoga can be arranged in private sessions or with a group. Most programs last one week and include spa and Ayurvedic treatments.
Classmates: Wealthy Indian families looking to escape the heat of New Delhi and Mumbai, as well as many European couples. The Himalayan environment attracts a steady stream of fit, young professionals into adventure travel.
Om factor: Didn’t we mention yoga was invented here? Teachers are often part of a guru-disciple lineage dating back centuries.
Prerequisites: A simple mountain pose. Better: the sweat-inducing headstand.
Extracurricular: Day-trips on the white water of the Sutlej River, hikes and single-track mountain biking trips leading to king-of-the-world views, tennis in the summer and ice skating in the winter.
When to go: The summer is warm, but not hot; wildflowers bloom in late spring; and snow falls regularly in January and February. Take your pick.
Doubles from $390; morning yoga classes included, individual yoga programs extra
Wildflower Hall
Tel: 800 562 3764
2. COMO SHAMBHALA AT PARROT CAY
Where: Turks & Caicos
Guru says: This is the spot for well-heeled yogis whose idea of Zen minimalism doesn’t extend to thread counts and evening meals. The private 1,000-acre island in the Turks + Caicos has snow-white sand and turquoise coves, and the rooms are unfussy but gorgeous, all teak and white cotton. Instructors give daily yoga classes, but the resort also attracts some of the biggest names in American yoga for retreat weeks.
Classmates: A yoga rule of thumb: When the price goes up, so does the average age of the clientele. Don’t expect the barefoot, stringy-haired hard-bodies you share floor space with at home. Instead, you’ll get moneyed couples and a smattering of New Age yuppies.
Om factor: With American yoga luminaries such as Rodney Yee and Erich Schiffmann as retreat week regulars, the level of instruction is excellent, with an average of five hours per day during retreat weeks.
Prerequisites: Downward-facing dog. If you don’t already know this pose, just watch your dog stretch when he gets up from a nap.
Extracurricular: Dive or snorkel in the most pristine waters and healthiest reefs of the Caribbean region. Or just collapse on the beach for an extended savasana.
Doubles from $680 including group yoga classes; $120 an hour for private instruction; retreat weeks $6,240 all-inclusive
Como Shambhala at Parrot Cay
Tel: 877 754 0726
3. CHIVA-SOM
Where: Hua Hin, Thailand
Guru says: This retreat, my budding spiritual narcissist, is all about you. Thailand’s top destination spa ensures no annoying classmates and no early mornings unless you want them. Upon arrival at the luxurious, secluded seven-acre property located 135 miles south of Bangkok, you’ll be assigned a Health and Wellness advisor who’ll design a personal yoga program, ranging from 3 to 21 days (or longer), and augment it with spa treatments and a nutritional program.
Classmates: There may be no one on the mat next to you (all instruction is private), but other guests do exist. Between yoga and spa sessions you’ll hobnob with British, Swedish, and Australian thirty- and fortysomethings. Most guests are women traveling with their girlfriends or mums to detox or lose weight, but there are plenty of soloists, so you won’t have to dine alone.
Om factor: High. Every morning Buddhist monks wander along Hua Hin beach draped in faded red robes.
Prerequisites: Half lotus with breath of fire (kalabati breathing). You aren’t going to be able to fake this one.
Extracurricular: While most guests don’t leave the property, we suggest shuttling into town to explore the market and local Buddhist shrines.
When to go: The most comfortable time is the dry season, October through April. But prices drop during the summer rains, May to September.
Three- to 21-day retreats from $1,530 to $10,710, including meals and yoga instruction
Chiva-Som
Tel: 949 487 0522
4. BEGAWAN GIRI
Where: Bali, Indonesia
Guru says: Bali seems tailor-made for serenity: The Balinese culture is based on harmony, and locals couldn’t be more hospitable. If you don’t come away from here feeling balanced and fulfilled, you need a personality replacement. The only decision is how upscale to go. The tippy-top is Como Shambhala Estate at Begawan Giri, where the guest villas are architectural masterpieces and the sumptuous spa overlooks the Ayung River. Yoga instructors are on staff, and the hotel hosts retreat weeks throughout the year. But Balinese tranquility isn’t limited to the elite. Australia-based yoga studio Inspya Yoga offers a handful of affordable Bali retreats each year, most of them hosted by renowned teacher Lance Schuler in the town of Ubud (just a stone’s throw from Begawan Giri). Retreat guests are lodged in a simple but comfortable compound with two-story bungalows, an open-air restaurant, and a spring-water swimming pool.
Classmates: Donna Karan at the Begawan Giri; attractive, down-to-earth Aussies with Inspya Yoga.
Om factor: Spirit saturates Bali. There are thousands of temples on the island, and even if you don’t know anything about Hinduism, it’s hard not to be intrigued.
Prerequisites: Wheel pose. Bali attracts types that do full back-bends in their sleep.
Extracurricular: Visit the mother temple complex, Pura Besakih; scale the sacred Mt. Agung volcano; dive in the pristine waters of North Bali; or learn to surf on the south coast.
When to go: Lance Schuler’s next Bali retreat is in July 2007. Begawan Giri announces its retreat week calendar in November 2006; check the website for details.
Begawan Giri: Doubles from $495, including daily yoga; retreat weeks from $3,882. Inspya Yoga: 10-day retreats from $1,009, including accommodations
Begawan Giri
Tel: 62 361 978 888
Inspya Yoga Retreats
Tel: 61 2 6687 2717
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Posted in aroma therapy, articles, body, coaching, eco living, eco travel, education, environment, fitness, general, healing, health, healthy recipes, herbal medicine, lifestyle, news, organic, prayers and mantras, recommendations and favorites, retreats, self improvement, yoga, you should know | 2 Comments »
July 27th, 2008 cate
From the nation:
“Our disfunctional financial system hit a new low last week when Citigroup, the hopeless wreck of Wall Street, announced it had lost $2.5 billion in the past three months–a cheer went up, and so did the Dow. Only $2.5 billion; people were afraid the losses would be much higher. Happy days are here again.
There are no happy days for the millions of Americans who have been trying to put away some money for their retirement in tax-sheltered entities like IRAs, Roth Accounts and 401(k)s. For them, the market’s downward slope has been harrowing and frightening. When will the steady erosion of their savings end? And when it does, what will be left of their future financial security?…”
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March 22nd, 2008 cate
Reduce your negative impact on the earth and have an eco wedding (also called eco friendly weddings, green weddings, sustainable weddings). How? To start, here are some suggestions regarding eco-wedding dresses:
Forget White White Dresses
You might not know that many people die because of the toxic chemical process used to make wedding dresses that sparkly white. Also, there are 300,000+ illnesses (and mortalities) related to non-organic cotton farming practices (pesticides and other harmful toxins). I personally find that shiny whitey white, ugly. Anyway, get a dress that is natural, not chemically treated, not made in a sweatshop, but is made with earth-friendly materials and fabrics like: organic silk, organic wool, hemp silk, organic cotton, tencel and bamboo are the main fabrics available. You can still find eco-friendly white, that is much more natural looking than the chemical white counterparts. A note: many famous fashion designers use sustainable fabrics to make fabulous wedding dresses.
Simplicity – If you’re not into ultra fancy fashion, keep it very simple. Get a simple dress and make personal embellishments and designs yourself.
Shop Locally – Yes, this doesn’t just apply to veggies! Buy a dress from a local designer. You’ll save on transport costs and contributing to the local economy. You might also want to check out fashion design school budding students, who can make you a unique beautiful dress that will cost a fraction of what you’d spend if you’d bought a designer gown.
Lastly, about tuxes: Make sure tuxes are not chemically (dry) cleaned. Do try to find sustainable tuxedos.
Posted in articles, coaching, eco living, eco travel, environment, general, health, hope, inspiration, kindness, lifestyle, online self help, organic, recommendations and favorites, safe products, setting goals, spirit, women | 1 Comment »