Creating True Wealth  

www.Books2Wealth.com  

Issue 87 / July 2, 2010 / ISSN 1945-9300    

IN THIS ISSUE   

Featured Book Review by Daniel R. Murphy  

When Organizing Isn't Enough - Shed Your Stuff, Change Your Life  

by Julie Morgenstern  

Lincoln's Wisdom by Daniel R. Murphy   

Chapter 6 - Tenacity   

Guest Article  

Gain More From Credit Solutions  

By Eva Holmes  

Be Inspired II by Roger Thomas Lincoln 

From the Creating True Wealth Blog:   

A New Digest of Personal Finance Links:  

http://books2wealth.blogspot.com/2010/06/new-digest-of-personal-finance-links.html   

An 84 year old social worker saves $1.4 million!  

http://books2wealth.blogspot.com/2010/06/84-year-old-social-worker-saves-14.html   

Personal Finance 101 - a place to learn the basics:  

http://books2wealth.blogspot.com/2010/06/personal-finance-101-place-to-learn.html   

Smart Debt Solutions - more information on getting out of debt:  

http://books2wealth.blogspot.com/2010/06/2-smart-debt-solutions-debt-settlement.html   

Learn more about mortgages - personal finance:  

http://books2wealth.blogspot.com/2010/06/want-to-learn-about-mortgages.html   

Successful people read - Reading leads to Success!   

Is debt a problem for you?   

The creation of wealth includes the proper use of debt. Today's issue contains an article on debt management and a number of links to our recent blog entries on debt management and mortgages. You need to know about mortgages and how to properly use debt to create wealth. Today we touch on the basics - in future issues we will look at debt in more detail.  

I also review Julie Morgenstern's book on organization which is an important aspect of managing what you have and avoiding unnecessary expenditures. For many of us organization is a challenge as we accumulate more stuff.  

Wishing you success and prosperity, 

Daniel R. Murphy  

Books2Wealth.com   

Visit my blog at:  

Blog: http://books2wealth.blogspot.com/   

Send your questions and suggestions to me at:  

Email: info@books2wealth.com   

Visit our website at:  

http://www.books2wealth.com   

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.   

Inspiration in a few words:   

"Lying rides upon debt's back." - Benjamin Franklin 

Featured Book Review by Daniel R. Murphy  

Category: Success / Time Management 

When Organizing Isn't Enough - Shed Your Stuff, Change Your Life  

by Julie Morgenstern  

Synopsis of Content:    

Bringing the art and science of organization to a new level Morgenstern's book introduces her SHED system. SHED stands for "separate" your treasures, "heave" your trash, "embrace" yourself, and "drive into the future."  

As radical as it may sound this book advocates eliminating most of the "stuff" which complicates your life. She suggests that you keep only 10% - 20% of the things that clutter your thinking and your life.  

First she shows you how to go through all your things and eliminate what is not serving you well. Then she shows how to get rid of the things, the habits and the other refuse in your life to identify your true self. This then permits you to fill your life only with those things which will truly fulfill your life and your genuine goals. Part of this also is trimming your schedule to eliminate those activities that do not serve you well and concentrating your efforts and your time on what is important.  

Readability/Writing Quality:    

The book is well written and reasonably easy to follow.  

Notes on Author:  

Julie Morgenstern is a speaker and consultant who teaches others how to get organized.   

Related Website:   

http://www.juliemorgenstern.com/blog/  

http://www.juliemorgenstern.com/

Three Great Ideas You Can Use:    

1. To begin the effort at getting organized you must take a complete inventory of your life including your possessions, your time, how you spend it and your habits.  

2. You must then evaluate how all these things and activities help you achieve what is important to you or hinder those efforts.  

3. You must then take action - with some ruthlessness you must then eliminate the clutter, which for most people is a great deal of what they hold onto, and focus on the small part left which is truly important.  

Publication Information:    

When Organizing Isn't Enough - Shed Your Stuff, Change Your Life  

by Julie Morgenstern

© 2008 by Julie Morgenstern. Published by Fireside, an imprint of Simon & Schuster, Inc., N.Y.  

Rating for this Book  

Over all Rating for Book: Very Good   

Writing Style:  

Well written.  

Usefulness:  

Very Useful  

Difficulty:  

Moderately difficult   

Lincoln's Wisdom by Daniel R. Murphy 

Chapter: 6 - Tenacity 

Abraham Lincoln accomplished so very much having started out with so little in no small part due to his incredible tenacity. He would read a book dozens, even hundreds of times until he thought he fully understood it. Many others would have given up after the first few readings but Lincoln learned early in life the value of tenacity. 

Lincoln was repeatedly faced with defeat. He was a failure at several business ventures. He lost a number of elections and felt defeated politically more than once. Yet he never gave up. He continued to pursue career ideas until he found the one that worked for him so very well - the law. In politics, despite occasional retreats, he never actually gave up his pursuit of higher office including the White House. 

While President he was assailed by many, even of his own party, for his national policies and the way he was running the Civil War. Abolitionists criticized him for not freeing the slaves, and their opponents vilified him for being willing to do so.  

Despite his perceived inadequacies and the storm of criticism he faced on a daily basis, he never gave up. Despite the grief he and his family endured over the loss of one of his children while in the White House he never gave up. He continued to pursue what he believed to be right.  

Perhaps nothing epitomizes Lincoln's belief in tenacity as much as his own written words to a West Point cadet who was deeply discouraged. Lincoln wrote: "Adhere to your purpose and you will soon feel as well as you ever did. On the contrary, if you falter, and give up, you will lose the power of keeping any resolution, and will regret it all your life ... Stick to your purpose." 

His words are no less true today. Do not give up. Practice tenacity and see the reward.  

Guest Article  

Category: Finance & Investment  

Gain More From Credit Solutions  

By Eva Holmes  

Credit solutions have powered the growth of financial institutions and mainstream bankers on the go. As the reliability on credit is increasing by day, smarter credit solutions are sure to lure the market. The much appreciated aspect of credit solutions has been their ability to solve the short term to medium term liquidity concerns of the borrowers. Depending upon the privileges and credit limit, debtors can get to explore endless possibilities with the credit solutions in just about no time at all.

Credit solutions can be availed through various credit instruments such as credit cards, mortgage loans and other smart instruments on the go in order to explore the options available at the disposal of the borrowers. Smarter credit solutions have been most sought out after in the industry so as to solve the concerns of debtors circling around liquidity on the go. Credit solutions can enable one and all n going ahead with their financial commitments and financial goals as planned in a seamless manner. Most of the credit solutions can be renegotiated with service providers especially on the interest part or repayment schedules. In the debtor friendly financial markets there could be endless possibilities at the disposal of the debtor on the go.

Credit solutions such as mortgage loans can enable debtors in addressing their financial crunch situation through the approved mortgage amount. Enterprise customers can get to gain from credit solutions too. SME's and larger organizations need to keep up with the pace of the market scenarios. They can leverage from cash available and channelize it on expansion plans and take up credit solutions for managing adequate debt to equity ratio.

Bankers and financial institutions generally offer attractive plans and schemes for enterprise customers on the go. They can get to benefit from the tailor made solutions all the time and make a positive impression to their financial portfolio. So if you have been considering to resorting to credit solutions, go for it in order to gain more right from the word go. There are endless possibilities to be discovered with credit solutions by one and all. Get going and always gain more with best in breed credit solutions.

You can visit Credit Solutions at http://www.creditmagic.org/ 

To read more from Eva Holmes about debt solutions go to: http://www.yourpersonalfinance101.com/ 

Be Inspired II by Roger Thomas Lincoln 

He went bankrupt - losing $800,000 in one market trade including half a million of his own money and $300,000 of relative's money. The loss hit him very hard and he stopped trading for two full years.  

In the third and fourth years he resumed trading but only broke even. He kept studying methods and the market and in the process discovered a new trading signal called the cumulative tick indicator. This led him to consistent earnings, often in the triple digits. In time he became one of the top traders in the industry. Mark Cook had not given up, he kept on trying and kept on improving his methods.  

He now tells people there is no simple or easy way to succeed in the market. He says it takes three to five years of 12 hour days and lots of losses to find success in the market. Most people do not want to hear about that much work and give up. Cook did not give up and found the reward in hard work and persistence.  

(Note: this true story is presented as an example of the possible results of persistence and hard work even in the stock market - it is not intended to be an endorsement of a particular trading method or even of trading itself. All stock market trading is risky.) 

Inspired by Extraordinary Comebacks by John A. Sarkett

©2007 by John A. Sarkett. Published by Sourcebooks, Inc.

Quoted material used by permission of the author.

Visit John Sarkett at http://sarkett.com/ 

You do not have the time to read everything on the internet or in books published in the past or today about success and self development. Creating True Wealth reviews that material for you, condensing it into concise bites you do have time for, and leading you to those books, magazines, blogs and websites that will offer you more. 

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 otherwise.  

Disclaimer: Nothing in this ezine is intended nor should be relied upon as professional legal, medical or financial advice. If you need personal legal or financial planning advice you should consult a licensed attorney, accountant or financial planner. If you need personal medical advice you should consult your medical professional.  

© 2010 by Daniel R. Murphy  

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