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Posts Tagged ‘financial tips’

Guest Blog by Robert Pagliarini / The Other 8 Hours – Invest in Me, Inc. and Earn a 100,000% Return

I have personally known Robert Pagliarini for many years, he’s a master of personal growth and am pleased to have him guest post on my personal growth blog.

Guest Blog by Robert Pagliarini / The Other 8 Hours – Invest in Me, Inc. and Earn a 100,000% Return

How would you like to earn a 100,000% investment return without investing in the stock market? The greatest financial asset you have is not your house, your 401(k), or even your job. Your greatest financial asset is you — the skills you have, the education you’ve received, the experience you’ve obtained, your network of contacts, and your individual way of looking at and interacting with the world. This “human capital” is much more important and valuable than your investment capital. The value of your human capital — especially for people in their working years — far exceeds any investment account balance.

Why is it so important?  It follows the truth behind the saying, “Give a man a fish and you feed him for a day. Teach a man to fish and you’ve fed him for a lifetime.” Once you add a skill or learn something you did not know, you’ve increased your value.

Too many of us stop learning once we graduate from school. That’s a huge mistake. If we are to succeed, we need to always be learning (and Always Be Creating). We must focus on continuously increasing our skills and our experiences. People who don’t change become dinosaurs. You’ve seen them, and you know what I’m talking about. Those people are about a decade behind. They seem so lost and out of touch. Everything around them has progressed, but they are still operating under an old framework.

Don’t look so smug. It’s easy to fall behind. It takes time and energy to stay current. Acquiring new skills can be difficult and can take you out of your comfort zone. It can be hard for someone who feels confident in one area to want to expose themselves to a situation where they don’t have the answers.

As difficult and time intensive as this can be, it is an absolute must. When you invest in yourself, you are making a deposit that will pay you dividends for life. Take just one night class and you can easily earn a 100,000% return on the tuition. How is that possible? If you currently make $15 an hour as an administrative assistant, how much more would someone pay you per hour if you could also maintain the company’s website and make minor changes to it when necessary? What if you learned how to use QuickBooks? What if you learned how to set up and run the company’s blog? Would you be worth $16 an hour? Maybe $17 an hour? A $100 class at your local community college can earn you an additional $4,000 a year for the rest of your career.

You should always be focused on improving your skills, getting additional designations, and becoming more valuable. Think of yourself as your own company-Me, Inc. Successful companies are constantly improving, growing, and investing in new products. What skills can you learn that will make you more valuable?

One of the first places to look are those areas that are dragging you down. They’re there. Admit it. What’s that one thing that you really need to get to the next level? Is it an MBA? Is it your insurance license? Is it a designation? Maybe it’s not such a clear goal. Maybe you’re a fantastic accountant but your social awkwardness is preventing you from networking and getting a promotion. Maybe you’re afraid of public speaking but know that is what you need. Join your local Toastmasters. Regardless of what’s holding you back, now is a great time to overcome it.

To add a little spice to your learning, mix things up a bit. If you are specialized in a narrow field and already know what you need to know, boost your human capital by learning a skill in a completely unrelated field. Cross training is good for your brain and can spark new ideas and ways of looking at things.

By investing in yourself, you can earn a return much greater than you ever could in the stock market.

Guest Blog by Robert Pagliarini / The Other 8 Hours – Invest in Me, Inc. and Earn a 100,000% Return

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Guest Blog by Robert Pagliarini / The Other 8 Hours – Just Graduated but Can’t Find a Job? Try These Three Alternatives

I have personally known Robert Pagliarini for many years, he’s a master of personal growth and am pleased to have him guest post on my personal growth blog.

Guest Blog by Robert Pagliarini / The Other 8 Hours – Just Graduated but Can’t Find a Job? Try These Three Alternatives

If you just graduated from college, congratulations! It’s a huge achievement and you should be proud of yourself. Normally there would be plenty of job opportunities just waiting for raw and eager talent, but this is 2010. Finding a good job is not going to be easy. The way I see it, there are really only four possible outcomes:

1. Get your dream job. If you are one of the best and the brightest (you know who you are), you may just land your dream job. Obviously if this is you, stop reading this column and go get that job.

2. Remain unemployed. Despite your efforts, you may find yourself unemployed for some time. There are many experienced workers getting pink slips and having a hard time finding work, so don’t be surprised if

a) it takes you a long time to find a job or

b) you can’t find a job.

3. Get a less than ideal job. With some determination, you may be able to find a job. It might not be your dream job, but it might pay the bills (assuming you move back home with your parents). The problem with working in a sub-par position is that you won’t be learning much, making much, or growing much. When the economy turns around and employers start hiring, do you really want to list Chuck E Cheese on your résumé? Think long and hard about taking a job just because it’s a job. Ideally you’d want each of your jobs post-graduation to support and build on one another. Settling for just anything might do more harm than good in the long run.

4. Check out. This is my favorite approach – assuming you can’t land your dream job and you can mooch off your parents a bit longer. Instead of being a victim of the times, this puts you in control and can boost your résumé if you do it right. Here are three ways you can check out and check back in when employers are looking to hire again:

  • Start your own company – Why settle for fry-guy when you can be CEO? If you have an idea and are entrepreneurial, get a few partners (i.e., other friends who can’t find jobs) and start something. Worst case, you don’t make a dime, but you’ll learn invaluable skills and you’ll have a story and something to share on your resume. Best case, your little venture succeeds.
  • Travel/Create. Backpack for a year across Europe or Asia. It doesn’t have to cost that much, and it will be an experience you will never forget. Plus, when it comes time to get a job, at least you did something with your time you can be proud of and talk about. If travel isn’t your thing, what is? What would you love to do that won’t cost a lot of money and that you won’t be able to do once you get a full-time job? Start a charity? Walk across the United States? Join the Peace Corps?  Climb a mountain? Write a book?
  • Go back to school. Why sweat it out at a job that will certainly look lame and desperate to future employers when you can use this time to get a master’s degree? Think about what you gain with this approach – no stress trying to get a job, no empty space on your resume for a year, and, oh yeah, a master’s degree. The only downside with this is the cost. As long as the degree will get you closer to your dream job, it’s probably worth it to get a loan. By investing in yourself you might make a nice return.

Don’t be a victim and don’t make excuses. You have options. The economy will improve and you will find a job. You’ll probably work at least 40 years, so if you have the financial ability, use this time to do something special.

Guest Blog by Robert Pagliarini / The Other 8 Hours – Just Graduated but Can’t Find a Job? Try These Three Alternatives

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Robert Pagliarini / The Other 8 Hours Guest Blog – Conquer Your Inner Shopaholic With These Six Money Tips (Personal Growth)

Robert Pagliarini / The Other 8 Hours  Guest Blog – Conquer Your Inner Shopaholic With These Six Money Tips (Personal Growth)

I have personally known Robert Pagliarini for many years, he’s a master of personal growth and am pleased to have him guest post on my personal growth blog.

———-

Conquer Your Inner Shopaholic With These Six Money Tips – Robert Pagliarini from Robert Pagliarini on Vimeo.

Last year I wrote a free 75 page ebook about how to survive the financial crisis. The financial tips in the ebook are for anyone who is struggling to make ends meet and wants to radically improve their finances. It has some great money tips, but I’ve had to develop new strategies to work with this woman who is driving her finances into the ground because of overspending. Think financial makeover on steroids.

Here are six financial tips you can implement today that will help you conquer your inner shopaholic and give you more financial peace of mind:

1.    Don’t budget, PERK instead. Budgets work, but nobody likes them because they are hard to create and even harder to stick to.  Fortunately, there’s a quick and easy solution I developed called PERK that takes about 15 minutes and can save you $250 to $1,000+ a month. First, list all of your expenses — everything. Then, next to each expense write a P, E, R, or K. For those expenses you can “Postpone” put a P. For those expenses you can “Eliminate” put an E. For those expenses you can “Reduce” put an R. For those expenses you must “Keep” put a K. Don’t let the simplicity throw you. It’s easy but incredibly effective.

2.    Stop leaking money. We spend money on stuff that we don’t need or even realize.  Things like cable channels we don’t watch, subscriptions we don’t read, and organizations we don’t care about. Take a close look at where your money is going by using a free online program such as Mint.com to track expenses easily. Cancel all expenses you don’t use or don’t need.

3.    Create a buying buffer zone. The goal is to create a buying buffer zone of at least 30 days between the moment you want to buy something (usually in the heat of the moment at the store) and when you actually buy it. If you force yourself to wait 30 days you’ll find that most of the time you won’t want it anymore. If you still do, it means you really do want it. So instead of whipping out your credit card, whip out your camera. Take a photo of whatever you want to buy and post it on your “buyer board.” Write the date, the amount, and a short reason why you want it and how it will improve your life. After waiting the 30 days see if you still can’t live without it.

4.    Get real. Fill in the blank: “The three most important things in my life are _______, _______, and _______.”  Usually stuff doesn’t make the list. It’s important to get clear and conscious about what you value. Print this list, or even better, find photos that represent the three things you value (e.g., photo of kids) and put these photos in your wallet/purse. To make sure you look at them, put them in front of your credit cards. If you really want to get fancy, create a credit card condom. This is where you make a sleeve for each of your credit cards with a photo of what’s really important to you — this ensures you have to see your values before you spend money (especially on stuff that doesn’t match your values).

5.    Volunteer. Get the focus off yourself, what you want, and what new thing you just can’t live without, and on to others who are in real need. This is great therapy and it doesn’t cost you a dime.

6.    Boost your income. One of my irritations with traditional financial planning is the near-exclusive focus on cutting expenses. You need to live within your means, but let’s not forget about the other side of the equation — income! Use the other 8 hours to create — write a book, invent, start a side business, etc.

Changing your finances (and life!) starts by changing your mindset and behavior. Buy into the belief that you can improve your finances — just be careful what else you buy…

You can download several free resources (assessment, poster, audio interview, video, and more) at www.other8hours.com and learn more about my new book, The Other 8 Hours: Maximize Your Free Time to Create New Wealth & Purpose.

Robert Pagliarini / The Other 8 Hours  Guest Blog – Conquer Your Inner Shopaholic With These Six Money Tips (Personal Growth)

I have personally known Robert Pagliarini for many years, he’s a master of personal growth and am pleased to have him guest post on my personal growth blog.


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