I used to think that insurance was a waste of money until I saw what happened to Christopher Reeve.
Here was a genuine movie star, a guy so fit and healthy that he literally embodied Superman. Then, in 1995, he fell off a horse and broke his neck. In an instant, everything he had done with his life up to that moment – and everything he was looking forward to doing in the future – all disappeared.
Today, though he still works in the movie business, Reeve is better known as a tireless advocate for the disabled. Through his Christopher Reeve Paralysis Foundation, he raises millions of dollars a year to support research aimed at finding more effective treatments and possible cures for spinal cord and other catastrophic injuries.
Reeve also endorses insurance. “I know all too well how quickly a person’s life can change and the importance of ensuring a family’s financial security,” he says. “That’s why I’m troubled by the fact that 60% of Americans lack any form of long-term disability insurance. That’s far too many people at risk.”
Reeve is right. Without sufficient coverage of insurance, you are playing Russian roulette with your income.
Consider the following statistics. In one year…
• One out of every 106 people will die.
• One out of every 88 homes will catch fire.
• One out of every 70 cars will be involved in a serious accident.
One out of every 10 people will have to cope with a severe disability!
If you buy insurance or not, in the end someone will pay for it.
There was once a young boy named Calvin Stanley. This boy can do almost anything that any 11 years old do, ride his bike, play baseball, goes to school. The problem was that he was blind.
Many wondered why is it that this little boy do all these things while many people in the same situation just give up on life or live in sorrow and depression. In an interview, it became clear that Calvin’s mother was the MASTER REFRAMER in his life! She managed to turn every experience Calvin has, experiences which many viewed as LIMITATIONS into ADVANTAGES in Calvin’s mind.
Here is one example of her communication to him..
There was once when Calvin was very sad because he realized that he’d never be able to see his mother’s face. But Mrs. Stanley told Calvin, “Calvin, you can see my face. You can see it with your hands and by listening to my voice, and you can tell more about me that way than somebody who can use his eyes.” With a mother who had always been there for him, Calvin moves in the sighted world with trust and faith and unshakable confidence. Calvin’s dream is to become a Computer Programmer to design programs for the blind!
‘He who knows much about others may be learned, but he who understands himself is more intelligent. He who controls others may be powerful, but he who has mastered himself is mightier still’ – Lao-Tsu
The world is full of people like Calvin and we need more Master Reframers like Mrs. Stanley. There are multiple ways to communicate to yourself and the meaning you choose to emphasize is the life that you will get! One of the strengths of successful people is that they have the ability to turn the experience that work against them into something that works for them.
You have gotta change the frame!
SEE THE JOY you had. Look at the LESSONS YOU HAVE GAINED. See the GROWTH IN YOU as a person in whole. Then it is possible to MOVE ON from a positive outlook and be EMPOWERED to create an even GREATER RELATIONSHIP in future!
‘Life is not a static thing. The only people who do not change their mind are incompetents in asylums who can’t and those in cemeteries’ – Everett Dirksen
Very often.. Arguments can be the most destructive thing a relationship can face. May it be arguments with your loved ones, family, friends, etc. One solution that I’ve found whenever uncomfortable discussion occurs, there is a need to have a ‘sudden change of topic’ to interrupt the pattern of madness. The real aim is to break the pattern or state of the friend who is in an awkward or angry state to a more pleasant state. Well, think about it, who would want to hang out with guys who constantly place them in very unpleasant state?
So this proves that the patterns can be interrupted and change – in an instant second!
One presuppositions of NLP which I personally like a lot is ”There are no resistant people, only inflexible communicators. Effective communicators accept and utilize all communication presented to them!”
A few years ago, there was an anti-smoking campaign which suggested that anytime someone you love reaches for a cigarette, give him/her a KISS instead! This KISS can produce a whole new experience that can cast doubts on the wisdom of the previous one. Also, it interrupts the pattern of reaching for a cigarette. Cool huh? Do try this out if your loved ones smoke and you would like to help them to stop!
Another interesting story of PATTERN INTERRUPT or BREAK STATE is about Richard Bandler, one of the co-founder of NLP (Neuro Linguistic Programming).
He was visiting a mental institution and had to deal with a man who claimed that he was Jesus Christ. So one day, Bandler walked in, met this man and asked “Are you Jesus?” The man replied, “Yes, my son”. Bandler said, “I’ll be back in a minute.” This left the man kinda confused.
Inflation, in the most part, has been well contained throughout history. Low levels of inflation are considered attractive, as they are typically associated with better investment returns than high inflation or deflation.
During recent months, hyper-inflation and deflation are obvious concerns for policy makers. Although the chart below examines US inflation, the high level of correlation between inflation levels globally would suggest that the conclusions are equally applicable to other developed economies. The last 138 years have seen 58 months with deflation of 10% or greater and 185 months with inflation of 10% or greater.
THERE IS UNCERTAINTY ABOUT WHAT INFLATION WILL LOOK LIKE IN THE COMING YEAR!
As we move into 2010, INFLATION is one of my main concerns. As central banks exit their quantitative easing programmes, there is an awareness of the timing risks involved. There might be 2 scenarios:
Scenario 1: If they exit too fast, too early and the nascent recovery may be choked off.
Scenario 2: If they exit too slowly and the risk is that inflationary pressures will build out of control!
How to Protect An Investment Portfolio from Inflation?
1) The most obvious is to own assets which benefit from the causes of that inflationary pressure. These could be broadly termed as “real assets” (the likes of COMMODITIES!).
2) Another approach would be to own shares in companies that produce or invest in these assets.
3) For those who suspect that inflation may be a risk but aren’t sure of the timing of that risk or of its extent, a well-diversified portfolio makes sense. Asset allocation flexibility is a key consideration if your views are not strongly formed at this time.
Bradbury is a speed skater from Australia. Australia might been regarded as a good sporting country but it shocked that they have never won a Winter Olympic Gold Medal until 2002. So, this is a little story of Bradbury.
In the quarter final, Bradbury came third (only the first two go through) but one of the others who finished ahead of him was disqualified, meaning Bradbury advanced to the semi finals.
In the semi final, Bradbury was coming last when three others in the race crashed leaving him to come second and advance to the final.
So, it’s time for the Salt Lake City 2002 Winter Olympic Games Short Track 1000 metres event. Check this out:
Out of 10 people whom I spoken to, 10 of them said that they want to become SUCCESSFUL FINANCIALLY. But why is it that 9 of them fail to do it?
These are 4 major reason why most people never achieve their financial goals in life. If you can overcome these 4 challenges, you can practically achieve anything!
Think bout it..
If you have never run 5km non-stop before and I challenge you to a marathon today, would that seem rather impossible?
So, how do long-distance runners start?
First, they start by running just 1km – 3km for their first day of training. In fact, some of them don’t run. They jog. Then, they will start off running maybe 3km, then 6km, then 10km, then 20km.. And before they know it, several months have passed and they are competing against other runner. And again.. Before they know it, several years have passed and they have gone competing in the Olympics!
What a successful runner do not do is to go and sprint 30km on the first day!
You see.. Running a race is rather similar to investing for returns or learning to save. If you have never jog a km or two before, you are going to fall apart and begin to hate running. Saving is a skill or habit that you need to build up gradually. Let’s say you are earning $3,000 a month and you have never save a single cent before, you don’t go from saving nothing to a saving of $2,500 a month. That’s ridiculous! You have to cultivate the habit of saving slowly!
So, lets me ask you 1 question. Do you think you can save $10 a day? or.. Are you willing to save $10 a day?
For most guys who have got their first paycheque, they believe that you must have a lot of CASH to invest. Therefore, most of these guys would prefer to reward themselves with few good meals, buy some new gadgets, or put down the deposit for gym classes.. Probably some of them would consider saving a little..
Here’s some Money tips for you if you have recently got your 1st paycheque,
1) Budget your monthly living expenses according to your lifestyle needs. Live within your means & don’t brag around as if you have just won lottery!
2) Put aside a little for money for emergency cash or ‘rainy days’. I’ll recommend around 3 months.. If you are one who have problem getting job, put aside 6 months of your expenses.
3) Buy Insurance while premiums are low for your age band.
4) Leaving your savings in bank alone ain’t enough. Inflation is expected to average at around 5.5% and your bank ain’t a generous one.. Start a regular savings plan via investing.. For a fresh graduate who is in his/her 20s, you should be able to go through cycles of bull & bear runs without much problem.. Set aside a certain percentage of your salary for a long-term plan and then watch the power of compounding takes place.. Albert Einstein referred the Power of Compounding as the 8th wonder of the world!