Effective Leaders Time and Money Investment It's Simple Not Obvious

Everyday is an investment. Invest your time and money smartly.
Effective leaders lead by example and must learn to manage well and invest time and money smartly.

I'm reading the book, It's Simple Not Obvious by Jim Dornan and found this article worth sharing about Time Management and Money Management or Time Investment and Money Investment. 


Learn and enjoy reading.

Manage Well Your Time.
We all have the same number of hours each day to either invest or waste...to either invest with people and things that are important, or waste on things that are of less priority. You should make lists each day of what you need to accomplish, who you need to speak with, and when you plan to complete your list. Put the highest priority first and fit the others in as much as possible, even if certain lower priority issues get moved to the next day. Time management, or lack of it, can be the downfall of many leaders.

This is just another reason to continue focusing on your personal growth and development, so that your skills and disciplines in the area of time management can continually improve.

Manage Well Your Money.
For many people, no matter how much money they get, they always seem to run out. Good financial intelligence involves prioritizing what we spend and what we do with what we have.

As business owner, we must often sacrifice or delay some of the personal comforts or rewards, so that we can properly fund our venture with tools, training events, or other necessary investments. Having money for the Continuing Education Program (CEP), for example, or an important meeting or event can potentially accelerate your business and produce far greater returns than they cost. The truth more times than not is that we don't have a money issue, we have a priority issue.

The main point here is to remind us not to mismanage our money-either early on when we are learning to be a business owner or later when we have more and need to allocate it wisely.

Plan and prioritize the necessary financial needs for the future growth of your business.
When you have good profits, I suggest you pay off credit card debts first and eventually, all debts.
After paying your taxes, set aside money first for giving, second for savings/investing, and then use what is left for lifestyle. 

Source: It's Simple Not Obvious, book by Jim Dornan

May our learning lead us not to knowledge but may our learning will lead us to action.

 
Be blessed and be a blessing.

Jesse Cadelina
Truly Rich Club Member     

Stop worrying and start increasing your cash flow by Kim Kiyosaki

What's important can easily be set aside when you focus on the urgent. Focus on the good and achieve financial freedom. Kim Kiyosaki said, "Have a dream, set a goal, get financial education and make it happen."

Be teachable, a mentor once said. A person who is teachable is the one who applies into action what he or she learned.

An article from Kim Kiyosaki, an internationally-renowned speaker, author (Rich Woman, Good Deal Bad Deal), entrepreneur, real estate investor, radio show host, and the founder of RichWoman.com.

"Stop worrying and start increasing your cash flow!

With so much going on in our busy lives, it can be easy to put our dreams aside to make sure we fulfill our responsibilities to family members, friends, partners, bosses, and more. But in order to achieve financial freedom, it’s essential to have a goal, get the financial education necessary to make that dream a reality and take action on what you learn to make it happen.

And once you start pursuing your goals, don’t forget to think big. Instead of fearing problems, get the support you need to be successful. Have fun and be creative. Then, you will be more likely to find solutions that will help your customers and turn your good deals into great deals."

Source: RichDad.com

This is a change of perspective. A change of mindset. To think big in times crisis needs a different thinking. A change of paradigm. It needs a lot of financial education, continuous learning and you need to surround yourself with mentors to guide you with this.

Be blessed and be a blessing.

Jesse Cadelina
Truly Rich Club Member

How the Rich get Richer

Watch the video and learn where you can buy assets and start increasing your cash flow. Learn cash generating opportunities and how you can start.

Be open to learning and education because if you learn how to do something that produces more money for you and you actually do it, that's buying an asset.



You need to learn this Financial Education.
First, understand this financial terms:

CashFlow - money you bring in
Expenses - money you spend
Assets - something that pays you, this is according to Robert Kiyosaki
Liabilities - something that cost you

Ask this question to yourself:
1.  Am I living from paycheck to paycheck?
2.  Am I buying liabilities, spending equal or more than the money I make?
3.  Am I buying assets that make me earn more money?

Everything in life is about investment.  An investment of your time and money. Investing your time creating an asset to work for you. Investing your money to work for you not the other way around.

Where you are investing your money? Are you really investing or spending? How about your time, where are you spending most of your time? Are you open to learning? Are you creating and building an asset?

This are just some of the question you might consider.

If you find this information troubling, send your inquiries to jessecadelina@gmail.com

Be blessed and be a blessing.

Jesse Cadelina
Truly Rich Club Member 

Compete on Value, Instead of Price

Competing on the price may win for awhile but in the long run it cost you much. How? Lowering the price will also lower margins and if this will last long it will kill the business especially for the newbies. Big chains of store like Walmart are the exception to the rule because they expanded the business fast and they take the lead in the economy. If you will not become the biggest soon, another store will and provide the lowest prices ever. And this will kill many business out there who compete on price.

So, why compete on price if you are starting up a business? Go on putting more value of your product. Give 10 times the value! Increase the price given that you put more value in to it. In this way margins will be high, which is necessary to keep the business going. Use the profit for your employees and for your customers. Do make research and development to better products in the future. Keep innovating. Better pay employees and they will serve your customers better too.

Dont get customers. Get Raving Fans!

Having loyal customers will generate massive business growth. How to have loyal customers? Putting more value will make customers love the product. If they love the product they will tell the whole world about your product.

I am so blessed I am a member of the "Truly Rich Club".

This information is given free inside the club. You too will be blessed with financial information from the mentors of the Truly Rich Club.

I encourage you to be part of the Club.

Below is the link to in to the Club.

Truly Rich Club

Why Invest in Your Financial Education?

Robert Kiyosaki is my financial mentor although he does not know me but he is a great advisor to me in many ways. I read some of his books.

Here's a financial advice I got from him and want to share it with you.
Robert Kiyosaki said, "To be rich, I recommend investing in your financial education." Why? He further said, "A solid financial education allows you to know the difference between good advice and bad advice, rich advisers and poor advisers."

Great advice. I come to think about it and realize that I've been listening to poor advisers. This is a gauge for me to know where I am now in my financial education. Just this month I finished reading the book "The Magic of Thinking Big" and commit to read one book a month to enrich myself everyday of my entire life. This is gonna be my way to financial education. Getting more, being more and having more everyday is my goal.

To have a solid foundation of my financial education, I'll be able to know the financial advice that is best for me. To become wealthy is to invest in financial education. I need to pay the price of success to become one because the price of failure is much more expensive.

How about you, what price are you paying now?
The price of success or the price of failure?

Value over Price, which do you prefer?

I got this learnings from Robert Kiyosaki who says, "Only cheap people buy on price. Just because something is cheap doesn't mean it's worth the cost." And, "value rather than price has made me rich."

It made my mind think of this quote, I was stunned. Why? Because I myself has been in this situation and just take it for granted, the value and preferred the price. Yes, this is some kind of marketing strategy: stating the old price and then here comes the new price which is very much lower than the previous one. I forgot to figure out the value which is much more important than the price.

There are reasons behind all of this miss calculations or wrong decisions I've done for the past years.
Here are some important notes to consider:

1. Zero financial education.
2. Too emotional.
3. Know the difference between the advice from rich people and advice from sales people.

Knowing and improving everyday, making myself better than yesterday helps me know the difference between the good and bad advice.

I got this lessons from: richdad