Posts Tagged: Robert Kiyosaki

Work From Home Careers — Comments Off
19
Jan 10

Work From Home Careers: How to bust time wasting

Time is your most precious asset in work from home careers. This article gives you tips on how to avoid wasting it.

Why time wasting is a common problem in work from home careers

In my last post I explained that procrastination or wasting time is the reason so many people today are unable to gain financial freedom. For people whose careers involve working from home the number of potential diversions is considerable. Each one of these diversions is a potential time waster.

The first step to dealing with this problem is awareness. Awareness will allow people working from home to begin to think about self control.

Self control the secret to success in legitimate home based jobs

A key aspect to deciding which home based job to choose is to check its legitimacy. Next you should see how much they focus on improving your personal development. If they have no organized training in place then you should avoid it.

The following example shows how personal development will assist in you in the one thing that will help prevent wasting time – goal setting.

In a social experiment quoted in Predictably Irrational by Dan Ariely, students in a class were split into three groups:

  • The first group were allowed to set their own deadlines for their assignments they had to write down their deadlines in advance
  • The second group had no deadlines at all except they had to have all their work in by the end of term
  • The third group had deadlines given to them with no negotiation

Which group performed the best? The group that were given firm deadlines did the best. The group with no deadlines did the worst and the students that set their own deadlines came second.

The message for people in work from home careers is clear, even if you have no imposed deadlines on you then imposing your own is best. Working to no deadlines is a recipe for failure.

Could a large part of the reason people who stop a work from home business is because they fail to realize how irrational their behavior is? They are unaware how little self control they are exercising. In fact even when this is pointed out to them some people still choose to ‘wing it’. They see this form of planning as to close to a ‘job’ and they resist it. However the rational thing is to develop a business plan, review it and then make small corrections.

Andrew Peel

The first step to your financial freedom as a business owner in an inspirational home business opportunity is to enter your details below. In addition you will receive a free eBook to help you understand business in 2010 and plan accordingly.

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Miscellaneous — 10 Comments
19
Apr 09

How Will You Manage Your Money After The Recession?

President Obama has endorsed them, Donald Trump has so has Robert Kiyosaki. What are they? Small businesses is the answer. In particular online home businesses. The main reason some heavy hitters back them is because they have a global reach from your home PC. But do you know how to get wealthy and stay wealthy?

Once you know the secret of becoming wealthy it’s not particularly complicated but it requires hard work. Donald Trump has proven this by loosing and then gaining millions in equally fast time. Robert Kiyosaki argues the reason people such as lottery winners loose money fast is because they are simply not financially educated.

This begs the next question why not? Well I would argue it’s becuase schools teach our children for academia not the real world. In the UK over 50% of children will go to University, when I was a child that was unthinkable. What has it led to – one of the worst credit cisis’ the world has ever seen.

Financial Education
Financial education must be one of the cornerstones of the economic recovery. We cannot have another generation growing up with a ‘must have it now mentality’. Parents have a huge role to play in this because it’s where I got my financial values from.

Parents need to decide what is important
Two career parents wonder why children want want want, and feel guilt into giving in because they are both on career paths. Society has to strike a deal with parents. It has to say ok if one of you spends the early years with the child we will legislate so your career does not suffer.

Financial freedom
Of course the alternative to the two career path could be one career and one who runs and owns their own business. Speak to anyone who has made it as an entrepreneur and they will say the freedom it gives them is worth the initial risk.

Back to education
So we’ve had all these highly ‘qualified’ people hired by financial institutions and it’s led to a $200 Trillion bail out. I would argue if they had known how to manage wealth and been educated in life this would not have happened. Most well known entrepreneurs have little or no higher education.

Get a job and learn what you need for life
The advice Robert Kiyosaki’s Rich Dad gave him was to get a few careers actually to learn the skills of what it took to run a business. At the same time he started what turned out to be a very profitable enterprise from an idea that came to him. So success is a combination of skills and education plus determination.

Improving the financial education of everyone so they can manage their wealth and financially plan for their future is of singular importance. Any programme that offers such education together with health and wellness advice is the way forward.

Andrew Peel, is the Owner of APeel Solutions and markets a complete financial education, wealth & health management programme
www.apeelsolutions.com