Sunday, January 29, 2012
Thursday, January 26, 2012
Wednesday, January 25, 2012
Awards vs. Rewards
A very hard working housing consultant was promoted to the marketing manager of the property he worked for. Nearly a year later he was then offered, and he accepted, a position as the marketing manager for all of the companies real estate and an opportunity to share vice president duties because the vice president had announced his retirement from a banquet. An award ceremony was set for the announcement and following the announcement of the former V.P leaving was to take place. After all of the awards had been given out, the wife of the promoted marketing manager began to question why the promoted marketing manager had not received any awards. She wondered how much he was appreciated and whether the bosses actually liked him. He gave her a very interesting and penetrating answer. He said "That's because I already got a reward, I don't need any awards."
Such an answer needs to be understood and examined by employees everywhere. In assessment of those who received awards, it became apparent that most of those who received an award were employees that had been with the company for an extended amount of time.
Awards are merely plaques or certificates which may come with a gift card. As an employee, rewards count more than awards. If you are constantly receiving praise or awards, then you need to find out where is your missing reward. Awards should be a major red flag that the company is putting a carrot in front of your work performance to continually work harder without putting any effort or money into providing well deserved benefits for your hard work. Understand your value and use it as leverage to quit receiving awards and earn a reward.
Such an answer needs to be understood and examined by employees everywhere. In assessment of those who received awards, it became apparent that most of those who received an award were employees that had been with the company for an extended amount of time.
Awards are merely plaques or certificates which may come with a gift card. As an employee, rewards count more than awards. If you are constantly receiving praise or awards, then you need to find out where is your missing reward. Awards should be a major red flag that the company is putting a carrot in front of your work performance to continually work harder without putting any effort or money into providing well deserved benefits for your hard work. Understand your value and use it as leverage to quit receiving awards and earn a reward.
Wednesday, January 11, 2012
Sunday, January 8, 2012
IS INVESTING GAMBLING (part 2)
Whats great about safe investing:
1. Ownership- What a lot of people fail to recognize is that when you buy stocks you are part owner of that company. When you invest your money in company stock, that company will send you company updates, executive decisions, and some will allow you to vote on certain decisions and hires.
2. Its safe because you're thinking LONG TERM- This should actually be number one but more people would probably be interested in the ownership fact most so this makes number two, but it is most important for beginners. You aren't investing for a day, a week, or a month. You want to invest for years, thinking long term instead of short. You are about to be part owner of a company, why jump ship early in something you believe in? You must have faith in your company.
A great way to do this is to think about the top 10 companies that are the most influential in your life. For starters, these should be the the companies that you should invest in because you only want to invest in things you know best. So let's say you spend a majority of your time camped on your lap top watching 90s music videos on YouTube. The questions you ask yourself from this point are:
3. Watch the market is what you do anyway- If you look at a graph of the market you will notice sharp drops or peaks during major world events. Please pay attention to the market. Notice the trend shifts and watch the news. People who don't understand the market don't understand that almost everything can effect the market. From Kim Kardashian saying that blue jeans are in, to a oil war in the Middle East. Stay connected with whats going on. Staying in tuned with whats going on in the world is fun and helps for smart investing. Pick up a paper or watch the news. Events could also be a great signifier to jump ship.
4. Investor sites give you more interest for using their services anyway- Sites are constantly fighting for you to have your money in their sites so they offer a better return then banks do. And clearly we've all seen how faithful the banks have been with our money these days. Great sites to look into are etrade and scottrade. Of course it's pretty expensive to open an account, around $300-$400 but that money is yours to trade and buy stock. You can ask for it back whenever you want.
1. Ownership- What a lot of people fail to recognize is that when you buy stocks you are part owner of that company. When you invest your money in company stock, that company will send you company updates, executive decisions, and some will allow you to vote on certain decisions and hires.
2. Its safe because you're thinking LONG TERM- This should actually be number one but more people would probably be interested in the ownership fact most so this makes number two, but it is most important for beginners. You aren't investing for a day, a week, or a month. You want to invest for years, thinking long term instead of short. You are about to be part owner of a company, why jump ship early in something you believe in? You must have faith in your company.
A great way to do this is to think about the top 10 companies that are the most influential in your life. For starters, these should be the the companies that you should invest in because you only want to invest in things you know best. So let's say you spend a majority of your time camped on your lap top watching 90s music videos on YouTube. The questions you ask yourself from this point are:
- Do i think YouTube stocks will be worth more 2 to 5 years from now?
- Is YouTube in a market where it has room to grow?
- If I see YouTube growing, when do I think it may begin to stop producing significant gains?
If you've answered yes to all of those questions then you've already found yourself a safe investment.
3. Watch the market is what you do anyway- If you look at a graph of the market you will notice sharp drops or peaks during major world events. Please pay attention to the market. Notice the trend shifts and watch the news. People who don't understand the market don't understand that almost everything can effect the market. From Kim Kardashian saying that blue jeans are in, to a oil war in the Middle East. Stay connected with whats going on. Staying in tuned with whats going on in the world is fun and helps for smart investing. Pick up a paper or watch the news. Events could also be a great signifier to jump ship.
4. Investor sites give you more interest for using their services anyway- Sites are constantly fighting for you to have your money in their sites so they offer a better return then banks do. And clearly we've all seen how faithful the banks have been with our money these days. Great sites to look into are etrade and scottrade. Of course it's pretty expensive to open an account, around $300-$400 but that money is yours to trade and buy stock. You can ask for it back whenever you want.
IS INVESTING GAMBLING???
Investing is simple. It's just betting on which way people will be spending their money.
Is playing the investment game gambling? Well to an extent, but so are most of the decisions we make in life. The outcome of every decision in life is not guaranteed. Therefore you are taking risks everyday. What is most important is understanding low vs. high risk decisions. Investing in a company can be a very low risk investment if your are thinking long term. High risk investors are known as traders. They trade when they feel their stocks are the highest and buy when they think stocks are at their most feasibly low point.
Successful traders go to school for it and it can be extremely stressful for them or anyone who wishes to be a successful trader. Beginner investors should be thinking long term. Buy now and sell way later. It requires patience. You should also have a cutting point to when you think your money will receive as much return on it as you feel possible. There are certain ways you are to think about investing. If you cannot come to terms to understanding the mind of smart investors then you are more than welcome to continue praying that the yearly return on your savings account will someday exceed 1%. Instead, you can invest in a safe company and you could possibly double your investment.
The stock market is volatile. When your investing long term you need not get caught up in what happens day to day.
Is playing the investment game gambling? Well to an extent, but so are most of the decisions we make in life. The outcome of every decision in life is not guaranteed. Therefore you are taking risks everyday. What is most important is understanding low vs. high risk decisions. Investing in a company can be a very low risk investment if your are thinking long term. High risk investors are known as traders. They trade when they feel their stocks are the highest and buy when they think stocks are at their most feasibly low point.
Successful traders go to school for it and it can be extremely stressful for them or anyone who wishes to be a successful trader. Beginner investors should be thinking long term. Buy now and sell way later. It requires patience. You should also have a cutting point to when you think your money will receive as much return on it as you feel possible. There are certain ways you are to think about investing. If you cannot come to terms to understanding the mind of smart investors then you are more than welcome to continue praying that the yearly return on your savings account will someday exceed 1%. Instead, you can invest in a safe company and you could possibly double your investment.
The stock market is volatile. When your investing long term you need not get caught up in what happens day to day.
Saturday, January 7, 2012
"I cant afford it" vs. "How can I afford it"
Poor people say "I cant afford it." Rich people say "How can I afford it." The first causes you to to stop thinking while the other requires critical thinking and practice of a varaity of ways to get what you want.
Robert Kiyosaki's Rich Dad Poor Dad is a must have. In this quick read, Kiyosaki will teach you how to become rich, why investing isnt risky and much more. But most importantly Kiyosaki teaches you how to understand money, accumulate assets and create a millionare's style portfolio. The federal reserve system and the value of money are the type of key points he hits on in his book.
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