Invite people to join you. Help them see the benefits of accepting your outstretched hand.
If you make a lot of offers, you’re likely to close some deals. It’s based on the law of large numbers.
So don’t be shy. Tell people clearly what you want. It’s the best way to actually get closer to what you really want!
Flashy is fine occasionally, but you are better off being conservative in most aspects of life.
This doesn’t mean millions or everything you’ve got. However, it does mean give of your time and money so that others can benefit from your good fortune, wise counsel, capable hands and caring nature.
If you’ve been blessed with abundance, help others to help themselves and assist while they get going on that road.
Be like a squirrel in Canada. Ensure you have enough to eat through a long, cold winter.
Don’t party it all away; food or money. Better to spend a little less in summer to ensure you make it through the winter. Sometimes winter can be six weeks longer than usual. If it is, how would you survive? It’s too late if you don’t have a plan by mid summer.
Fiscal responsibility is rare. We all want to play to the edge and assume it will all work out, in our favour, every time. Those are long odds. Best not to tempt fate too often.
There are many things to buy and many reasons to buy those things.
Let’s use a car for an example. When people want to buy a car, it is usually so they can get from A to B. It is a mode of transportation. In which case, any working car will do.
Then there are the considerations. If it’s new, it will cost more and depreciate fast but it is likely to be very reliable and come with a warranty so the time in the garage or costs of repairs will be minimal.
A 10 year old car will be much, much cheaper and will have depreciated quite a bit. On the other hand, it might require more time in the garage and cost hundreds or thousands more for repairs.
Another factor might be what you’ll pay for more luxury items. You decide you need heated seats, a sunroof, and air conditioning. You also prefer leather seats.
These are all fine options, if they are within your budget.
Finally, sometimes people want more than transport and more than their own personal luxury preferences, they want a flex.
Sometimes people want a car that lets people know something they think is important. It can be a demonstration of wealth, class, refined taste or cool.
Be careful with this last criteria. It often backfires. What you think other people will be impressed by, can sometimes turn their potential admiration into something far less pleasant (like envy or distance).
Buy the item you want in life, for your total enjoyment, not what it signals to other people.
How much is enough? One car? 10? An all you can eat salad bar, sounds great, but is it more than enough?
How much is enough for you? Regarding anything. Stop and assess this now.
There’s always a palpable sense of joy around Christmas. Whether it is a religious feeling of celebration or a warm memory of great gifts or family and all the traditions, there is an excitement in the air and it is wonderful.
I hope you get this joyful feeling whatever your situation is. Best wishes and Merry Christmas!
When do people realise they have more than enough? If they didn’t waste so much on luxury items, trips, gambling and other non-investment activities, they could retire in peace. Maybe they could do it earlier than they ever considered.
Sit down with pen and paper and get your thoughts churning. Review your income, your savings, pension and investments. Look out 20, 30 and 40 years and see what you could have if you focused.
When eating a piece of pie, eat the crust first. Sometimes it’s great and sometimes it’s not. But at least you’re saving the best for last.
Save, invest and grow your money. You can reinvest the growth part. You can also spend it. But protect your capital as a high priority.
If you lose some or all of your capital, it can be very hard to replace. It takes more time and effort and is not always ideal.
Put guardrails in place to preserve your capital. Get great people working on growing it.
