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Creating True Wealth
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ISSN: 1945-9300 -- Issue Number: 111 - December
17, 2010
Educating people for building wealth,
adapting to a changing future and personal development. |
IN THIS ISSUE
Featured Article
How to Succeed in an Economic Slump
Featured Book
Review
The Oz
Principle by Roger Connors, Tom Smith and Craig Hickman
Guest
Book Review
Book Review - The
Greatest Salesman in the World
By Pascasio JR Felisilda
Guest
Article
Use A Journal to Inspire Yourself into
Action by Jack Canfield
Read
the Creating True Wealth Blog
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Successful
People Read - Reading Leads to Success
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It is All About Accountability
If there is one thing all of the book reviews and articles in today's
issue have in common it is that when all is said and done it is all about accountabililty. You are
always accountable. It may be to your own standards and goals. It may be to your boss at work. It may
be to your colleagues. It may be to your family. It may be to your customers. We are all so very good
at makikng excuses for why we did not perform or achieve. We are not nearly as good about owning up to
our responsibility - which is what the authors of the Oz Principle, our featured book today, describe
as accountability.
Success at every level and in every area of your life is about being
accountable. Excuses accomplish absolutely nothing. Being accountable holds you to whatever performance
you are committed to deliver.
Here is the critical part: the more accountable you force yourself to
be the better you will deliver and the more money you will make. Perhaps more importantly the more your
reputation for integrity will be enhanced, the greater trust people will have in you and the more
influence you will have over others.
Finally, Jack Canfield talks to us today about the power of using a
journal. This is a great article and believe me I've used journals to keep track of all the ideas that
I need to capture - they are truly worth ever moment you spend on them. I only wish I'd used them a
long time ago.
Wishing you success and
prosperity,
Daniel R.
Murphy
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Learn from a Legend!
The late Jim
Rohn is a legend in the personal development field. For over 50 years he taught and inspired
millions of people to succeed and exceed their expectations. His philosophy of personal development
is fundamental and proven. Read more about Mr. Rohn and his timeless wisdom here.
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Inspiration in
a few words:
"Ideas are
a dime a dozen. People who implement them are priceless."
-- Mary
Kay Ash, Entrepreneur
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Featured
Article by Daniel R.
Murphy
How to Succeed in an Economic Slump
As you read and see news about poor economic forecasts are you
discouraged? Are you wondering how you will succeed in difficult times? It is possible to succeed
in down times. There are things you can do, concrete steps you can take, to sharply reduce the
chances of failure and improve your chances of success even in hard times. Here they
are.
First, do not panic. Do not allow bad news and alarmist
predictions of doom and gloom to paralyze you. Take stock of your situation, examine your options
and make a plan.
Follow these steps:
Take a deep breath. Seriously, cool thinking is critical during
difficult challenges. Relax, pour a cup or glass of your favorite drink and sit back. Reflect on
all you have accomplished and all you know you can do. Count your blessings and consider all your
assets and advantages. Whether you have many or few, every advantage and every asset you have is of
value.
If you have a job consider how best to keep it. Then, consider how
best to improve it - to get a promotion or to raise your value to your employer. As Naploeon Hill
taught, go the extra mile. Show up early for work and stay late when you need to. Do all your work
as well as you can and do some extra. Anticipate your employer's needs and propose ways to address
them before they become problems. Good employees are more secure than those who just show up for
their paycheck.
Begin to enhance your value in the market place. No matter how
well you do your job you must always be prepared for a market downturn that could cause you to lose
your job. Keep your resume up to date. Read books and articles on how best to write and update
resumes.
Keep yourself well informed about your area of work. Know which
businesses are up and coming and which may be in trouble.
Put yourself on a budget. Do not over spend. Do not ever spend
more than you earn. Resist debt. Other than your home, and possibly a car and education, do not
borrow for anything. If you do not have the money for it you cannot afford it.
Save! This is possibly the most important advice. Pay yourself
first. The more the better. Save no less than 10% of your net income and if you can save more than
that.
Invest wisely. Invest your savings wisely. Do not put all your
eggs in one basket. Diversify your investments. Invest in money market funds or buy stocks and
bonds in different areas.
Maintain a cash reserve. This should be the first place you put
your savings. You should have enough cash in the bank, or in equally liquid investments, to live
off of for at least 6 months, preferably for a year.
Purchase some fine metals, gold or silver. Examine the markets and
invest carefully. It is good to have an investment in gold or silver to hedge against possible
paper money failures or rampant inflation in the future. Do not place all your savings here
however.
Start our own business. Many businesses began during recessions or
depressions, including Microsoft (1975 recession), General Electric (1873 depression), Disney (1923
recession), Good Humor Ice Cream, Sikorsky Helicopter and Combined Insurance which all began during
the 1930s. Done right a business can be one of the most lucrative ways to build wealth and protect
yourself during bad times.
There are no sure things. There are no secrets that are fool
proof. There is no guarantee that anyone will succeed or fail. However if you discipline yourself
in some very specific ways, set goals, follow through and spend your time and energy on the
important work of securing your career and finances, your chances of success are much
improved.
Featured Book
Review by Daniel R. Murphy
Title and Author:
The Oz Principle by Roger Connors, Tom
Smith and Craig Hickman
Synopsis of
Content:
Accountability is commonly one of several essential elements of
what is considered necessary for organizational or individual success. The authors here take this
one element and develop it fully. Their main point is that you cannot achieve much of anything
without accountability. The Oz Principle, in a nutshell, is “a personal choice to rise above one’s
circumstances and demonstrate the ownership necessary for achieving desired results – to See It,
Own It, Solve It and Do It.”
The authors us the well known story of the Wizard of Oz as an
allegory to describe the process of becoming accountable, both on an individual level and an
organizational level.
The process involves four primary steps: first to see the problem
and the context. This includes eliminating denial about how bad things may be and recognizing both
the depth of the problem and the opportunities which may exist.
The second step is to own it, that is to stop making all the
excuses that people make, such as there isn’t enough time, it is not my job, no one has trained me,
etc, and to take responsibility for finding a solution.
The third step is to solve it, that is, to find a solution. This
means determining what you can do to solve the problem. It may also include how you can involve
others in solving the problem.
The final step is to do it. Implementing the solution through
immediate action is essential to be accountable.
The book is set against the backdrop of the failures in character
and accountability that rang through the news media in the late 1990s and early 2000s with the fall
of Enron and other large corporations due to greed and irresponsible conduct. The book first came
out in 1994 and was again revised in 2004. Many of the examples in the book of real life
accountability successes and failures are therefore from the 1980s and 1990s. The book came out
before some of the tragic events after 2004 and another update would be
justified.
Much more important however than the historical context of the
book are the real life lessons it provides. The concept of genuine personal accountability and
responsibility are talked about a lot these days but may not be practiced much. This book does a
splendid job of identifying the ways we avoid accountability, the price we pay for doing so, and
most importantly the ways we can become accountable and how this will make us and our organizations
far more successful and effective.
This book is about being effective. It is about being responsible
for your own success and abandoning the defeating behaviors that we all are tempted to use to avoid
accountability. This is a vitally important book teaching a vitally important lesson. It should be
required reading in every family and company in the nation.
Readability/Writing
Quality:
This book is very readable. It is filled with real life examples
from business showing how accountability, or the lack of it, plays such a critical role. While I
did not personally find the Wizard of Oz comparisons very helpful for many they may be. The book
follows a well organized logic and each chapter builds on the prior ones.
Notes on
Author:
The authors head up a firm called Partners in Leadership, Inc.
which provides training services. They operate in 56 nations around the world. They have also
written other books. Roger Connors and Tom Smith wrote Journey to the Emerald City and How Did That
Happen? Craig Hickman wrote Creating Excellence and Mind of a Manager, Soul of a
Leader.
Three Great Ideas You Can
Use:
1. You can react to problems by blaming outside causes or other
people. You can come up with all types of excuses for why you should not be accountable for solving
the problem. Or, if you want to be effective, you can abandon the excuses and rise above the Line
to becoming accountable. Accountable people function above this line, they do not make excuses,
they look for solutions.
2. Making excuses and limiting our accountability are well learned
skills for most people. It takes a lot of practice and diligence to move beyond the excuse stage,
or the below the Line stage, and begin to focus on finding and implementing solutions. It is often
useful to have a friend or associate remind you each time you fall below that line and begin to
again make excuses.
3. The accountability which makes individuals more effective can
be applied to teams, groups and entire organizations. The more a group seeks to solve problems
rather than lay blame the more effective it will become.
Publication
Information:
The Oz
Principle by Roger Connors, Tom Smith and Craig Hickman
Rating for this Book: Excellent
The Oz
Principle is the Books2Wealth.com Featured Book for December 2010.
Guest Book
Review
Book Review - The Greatest
Salesman in the World
By Pascasio JR Felisilda
Og Mandino was a best-selling author who wrote 15
books that mostly dealt with positive mental attitude and overcoming obstacles to achieve your
goals. His first book is his best-selling book. It is the classic book, "The Greatest Salesman in
the World".
When I first read this book, it surprised me
because I thought it was all about selling. It is about selling but in a way that is a win-win
situation for both the seller and the buyer. It is about selling in terms of giving not taking.
Does that make sense?
Most people would have a negative connotation with
selling and salesman (or salesperson). When you look at the entire context of selling, it is more
than just a profession. It is a skill that can be developed and refined. When a man courts and
dates a woman, he is selling. When a parent wants their kids to do their chores, he or she is
selling. When a kids wants to ask something from their mom or dad, they are selling. Selling is a
skill. It is a skill that should be developed especially since we are always selling when we are
dealing with people.
This is the mastery of Og Mandino's book, "The
Greatest Salesman in the World". Through the story of a young camel boy who wants to improve his
lot in life and marry a young lady, he illustrates the plight of this young boy. His main
motivation was for the love of a young lady who did not even know him. Then, Og Mandino uses 10
scrolls that have lessons to empower this young camel boy named Hafid to become a better
"salesman". Through Hafid's journey, you can apply the same principles or scrolls to become a
better "salesman".
The first scroll is about starting a new life. The
past is the past. Most, if not all, people have failures and struggles that will hinder your
progress to move on with life. The first scroll discusses that challenge.
Then, the proceeding nine scrolls deal with love,
persistence, emotions, humor, pro-activity, etc. When we deal and engage with these emotions and
characteristics, we can become a better "salesperson".
This book, "The Greatest Salesman in the World",
will help you develop that skill of salesmanship (or salespersonship). You will be a better
business owner, better parent, better relative, better worker, better son or daughter, etc. You
will be better because you will learn to improve your inter-personal skills by developing your
intra-personal skills.
As an author, Pascasio Felisilda recently
published the book "Nanay: Lessons from a Mother". This is a very inspiring book. Its simplicity
empowers the message and story about a legacy that is worth living. The book is available through
http://www.amazon.com or through
http://www.ebookstand.com/book_details/Nanay_Lessons_from_a_Mother_PAPERBACK_VERSION
Article Source: [http://EzineArticles.com/?Book-Review---The-Greatest-Salesman-in-the-World&id=5348859]
Book Review - The Greatest Salesman in the World
Guest
Article
Use A Journal to Inspire Yourself into
Action by Jack Canfield
By keeping a personal journal, you enter a sacred space. Here, you
are safe from judgment and free from daily duties and cares. Here you can dream, discover, and dare
to create new ways of being in the world.
Use a journal to directly reinforce the teachings of The Success
Principles, and other personal learning courses. Create a laboratory for personal
transformation as you put the principles of your course into action each day. Do this by including
sections in your journal for inspiration, intention, action, and growth.
Receive Inspiration
Writing captures guidance from your deepest self before it
disappears. Inspired ideas can rise to the surface of your mind in a classic “aha!” moment.
This might be a solution to a persistent problem, an idea for a breakthrough goal, a powerful
image, an energizing affirmation, or another sudden spark of insight. No matter what form the
inspiration takes, record it in your journal.
Write about your challenges as well. Note the moments when you are
not functioning at your peak—times when you feel bored, tense, angry, afraid, or sad. These
feelings are clues to areas of your life ripe for transformation. In your journal, describe the
discomfort in detail and how you reacted. Look for patterns. Also brainstorm new options for
responding. Sometimes a moment of inspiration lies just on the other side of a tough
emotion.
Form Intention
Statements of intention contain blueprints for action. This kind
of journal entry offers a way to stay positive and on course, directed toward the new results you
want to attract into your life.
As with writing affirmations, keep intention statements focused on
what you want. “I intend to effortlessly double my income” is more effective than “I intend to stop
worrying about paying my bills each month.”
Also release the word try. A statement such as “I will try to save
at least 10 percent of my income each month” conveys something less than wholehearted commitment.
People who continue to overspend can rationalize the result by saying, “Well, I am
trying.”
A more effective option comes from Yoda, the gnomish guru in the
Star Wars film trilogy: “Try not. Do, or do not. There is no try.”
While you can fill up a journal with statements of inspiration and
intention, consider adding inducements to action as well. Even the most jaw-dropping insight or
motivating statement of intention can fall flat when this element is missing.
Take the intention statement mentioned above: “I intend to double
my income while working with joy and ease.” That’s a solid place to start. Now, pave the way for
action by packing your intention full of details. Include specific goals such as “I will call fifty
new customers this week” and “I will include ten new products in my next catalog.”
Celebrate Growth
Use a journal to make your own growth visible to yourself. Record
the results that you experience by using The Success Principles and the Law of Attraction. Whenever
a new outcome shows up in your life—whether subtle or significant—capture it in your
journal.
Be specific. As your income increases, note dollar amounts. As
your network of clients and job contacts grows, include names. As you resolve conflict with key
people in your life, describe the words and actions that produced these breakthroughs.
Writing offers a way to lift your eyes above the steady march of
daily events. When immersed in the details of work and family responsibilities, you can easily
overlook change that is already manifesting in your life. Use a journal to regain perspective and
literally rewrite your life.
Seeing the evidence of your personal growth recorded on the page,
before your own eyes, can instantly raise your emotional vibration. And that opens a path for the
cycle of inspiration, intention, action, and growth to begin all over again.
Jack Canfield, America's Success Coach, is the founder and
co-creator of the billion-dollar book brand Chicken Soup for the Soul and a leading authority on
Peak Performance. If you're ready to jump-start your life, make more money, and have more fun and
joy in all that you do, get your FREE success tips from Jack Canfield now at:
www.FreeSuccessStrategies.com
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I hope you will find the information in the Creating True
Wealth newsletter useful. Future editions will highlight other books in the fields of business,
sales, motivational materials, self help literature, psychology and other related fields. This
newsletter is published weekly on Fridays.
Daniel R. Murphy, Publisher. All content is written by Daniel R. Murphy unless noted
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Learn from a Master of
Success
- the late Jim Rohn.
No one has spoken to more audiences around the world or sold more
audio programs around the world than the great Jim Rohn.
He was a giant in the self development industry for half a
century.
Jim is no longer with us but fortunately his wisdom and teaching
does remain for us to use.
Learn more about this legendary self improvement teacher and the
fantastic educational materials you can obtain here.
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