We’ve all worked jobs we hated. We were underpaid, underappreciated and bored out of our minds. We either quit these jobs or were fired for poor performance because we just gave up. Instead of taking that approach you need to consider every job an opportunity to learn something new that you can apply down the line to find success.
When you give people the tools they need to come up with unordinary solutions, you are enhancing their lives for the long run. You need to take this approach. What if one of your terrible jobs had been one with no pay at all and you needed to come up with some ingenious ways of making money? I bet you could have found a diamond in that rough. This idea can also be used in your own company.
Now, I don’t recommend going into the next meeting declaring that no one will receive pay anymore, but you can tell them that their potential raises, bonuses and other perks are now dependent on their creativity in ways to enhance business.
Let’s talk about a great concept called financial literacy. This certainly isn’t something they taught you in school but is still essential to know. So, what is financial literacy?
The old school way teaches people to be good employees and not employers. This mindset will never make you wealthy. You need to focus on becoming a good employer. You also need to learn how to not only attain wealth but sustain wealth for generations. This is what financial literacy is all about.
So, how do you get out of the rat race and start working toward a wealthier future? You need to understand the difference between an asset and a liability. Take a look at your own life and you’ll probably find the following:
You’ve probably been fooled into thinking things like your house, car and entertainment system are assets. They aren’t! Assets should be continuing to MAKE you money. When you continue to struggle, you are not building wealth. If you’re primary income is from wages and each time you make more money, you pay taxes-you’re not really creating wealth either, are you?
So, if buying a house isn’t an asset (and, it’s not because you spend about 30 years of your life paying it off), then what is. Here are some of the best assets to attain and when you can start to actually see wealth being created because of it:
Average time of holding on to an asset before selling it for a higher value:
Stocks (Startups and small companies are good investments)
Royalties on intellectual property
Valuables that produce income or appreciate
So, here are the steps to getting out of the rat race and onto your journey of creating wealth:
Understand the difference between an asset and a liability.
Concentrate your efforts on buying income-earning assets.
Focus on keeping liabilities and expenses at a minimum.
Speaker 1: (00:00) Hey, this is Jeff Heggie. Thanks for joining again or if this is your first time, welcome to our success strategies is something I started just kind of to talk about different things we can be doing to make sure that we’re staying productive and getting things done while we’re facing this coronavirus pandemic and today what I want to talk about are a couple different things. One is as we’re in quarantine or social distancing, whatever you’re having to do right now, how important it is to still stay connected, staying connected with your team was your employees with those that you work with, but also with friends and family and different stuff like that. But how do you do that when you’re in quarantine? One, pick up the phone, text, whatever you want to do. Use a zoom call. There’s a lot of ways we can still stay connected.
Speaker 1: (00:47) You know, yesterday was my wife’s birthday and we’re in quarantine and how do you throw a surprise birthday party for someone when you’re in quarantine? We had our out in our front yard eating, eating cake and celebrating her birthday. And we had arranged to have a lot of friends and neighbors just drive by and come say hello, honk, rolled down the windows, wish her happy birthday, that sort of thing. So there’s a lot of ways that you can still stay connected with people and I think it’s really important to make sure that you’re doing that for yourself, for others and especially for your team. So that’d be the first thing I want to talk about. The other thing was, the topic of knowing your why Simon Sinek. Uh, you know, I love how he’s taught that. That’s something, that’s how I first came to know who he was when he talks about knowing your why.
Speaker 1: (01:35) He says, once you discover your ‘WHY’, you’re better able to align your beliefs with every choice and action that you take in order to do greater things and get more from fulfillment out of the things that you do. Um, he talks about a lot about it with companies, but on a personal level too, you know, you’ve got to know what your why is as you’re making choices and doing different things. People, the way he said it with companies is people don’t want to buy what you do. They want to buy why you do it. And so really knowing what your why is an important thing. And I think a lot of people believe that they know what their why is, but they don’t know it on a deeper level. And the reason I got thinking about this was for a couple of reasons. Um, I wrote an article in my blog on August 1st of 2019 and it was called seven levels deep.
Speaker 1: (02:27) And over the last couple of weeks it’s been the most popular article on my website on www.JeffHeggie.com. So if you want to learn more about this, go, go check out that article. I talk about Simon Sinek and I talk about the seven levels deep exercise, but I also on www.JeffHeggie.com my momentum training is free right now. And this is one of the things that I talk about. I go through this exercise, really learning what your why is. And so if you want that free momentum training, go to www.JeffHeggie.com And you can signed up on that and take a look at that and learn from that. But you know, as as a way of motivation as well, there’s a lot of things that when things get tough and we go through hard times or we’re in quarantine and we have a day that we don’t have much motivation, it’s what’s the why behind what you’re doing that’s going to drive you and keep you motivated and get you up in the morning to go do things.
Speaker 1: (03:27) And as I said, you know, a lot of people think they know what their why is, but in reality, they don’t know it on a deeper level. But once you figure it out on a deeper level, it’s that much more meaningful to you and it’s that much more effective in keeping you motivated and keeping you moving forward. So really encourage you to go www.JeffHeggie.com and get that free motivational Momentum Training. And I think it’s the third video that I talked about this and it’ll take you through an exercise to look at some of your goals that we figure out throughout that course and figure out what your why is behind each of those and really find a deeper level to it. And then the other thing I just want to remind you about tomorrow, Thursday the 16th, um, 12 o’clock, Arizona time mountain standard time.
Speaker 1: (04:12) I’m hosting my free, virtual focus group for business owners. We’re going to be talking about different marketing strategies and things you can implement right now while we’re in the middle of this pandemic. And you can be running your business as usual, but love to have you join there as well. You can sign up for that. Go to www.JeffHeggie.com and scroll down to the bottom where the courses are and everything and you can do that. Or go to www.JeffHeggiecoaching.com/webinar and register there. But love to have you join us there. We’re going to talk about a lot of great marketing ideas, but also today’s message. Knowing your why. Really want you to figure that out and use that as something that’s going to keep pushing you forward and keep motivating you to do the hard things while we’re in this pandemic. So go to www.JeffHeggie.com Find out more about that. If you have any questions, contact me directly, email@example.com send me an email. I’d really love to hear from you. Thanks and have a great day and we’ll talk to you again tomorrow.
If you enjoy this short video and would like to see more from this series, click HERE
Speaker 1: (00:01)
Hey, welcome back. Thanks for joining again today and if this is your first time joining, I appreciate it. If you’d go check out some of the other videos I’ve done, just go to www.JeffHeggie.com and go to Success Strategies up at the top and you’ll be able to see all the other ones. But hopefully these have been useful for you and you’re getting something out of them. I know I have, it’s been nice doing them because it makes me think about things and I’ve just enjoyed doing it. So hopefully this has been a benefit for you as well. I actually, when I was coming home from my run today, I actually recorded one of these already to post and was going to use, but I’ve had some thoughts since then and I wanted to add a few things. So I’m going to do it again.
Speaker 1: (00:39)
I’m going to talk about a couple things. One, what I talked about this morning, was talking about the things that we focus on because really what we focus on is ends up being the life that we live. And as we like we’re, we’re sitting here on Friday. Again, I talked about it, I don’t know when it was a few episodes ago that I talked about, you know, setting your goals, setting your intentions, um, while you’re working from home and we’re in this pandemic that you can make sure you’re still productive, getting things done. And so I want you to look at your week and see what you did accomplish. And I didn’t get this posted as early as I thought, but even if you’re not seeing it till later on, look at what you still have to accomplish throughout this week to make this a successful week for you to make it so that you’ve accomplished everything you set out to do on Monday and put your focus on that.
Speaker 1: (01:34)
Put your focus and effort and put all your energy and make today if it has to be the most productive day of the week and get things done so that you can wrap the week up and either go into the weekend for more work or be with family or whatever. It’s going to be with everything that you wanted to accomplish by Friday down and out of the way. Um, you know, when we talk, when we talk about focus, there’s a common saying that you hear energy flows where, sorry, where focus goes, energy flows. And so as you really focus on the things that are most important to you, you’re going to be able to put all your energy there and that’s when you’re going to accomplish those things. So that’s number one. That’s what I wanted to talk about. But there’s also, I just got off the call with a client that we talked about something that I want to share as well.
Speaker 1: (02:27)
It’s something that I’ve done myself in the past. I’ve had clients do it in the past. I asked this client to do it and it was actually a good friend of mine, Joseph talked to me about it just a while ago. I’m with Jim quick if you don’t know Jim quick. I knew of him, uh, some of his work, but after Joseph talked to me about it and some of his things that he was teaching, I went and started studying some of gym stuff and I actually ended up being in a course right now. I wanted gyms and the thing that Jim was talking about in the thing that Joseph brought up to me was how a gratitude journal can help people that are dealing with anxiety and depression. And so, you know, with myself or with these clients that I’m working with, that wasn’t the intention of the gratitude journal.
Speaker 1: (03:15)
But I, I agree with it. I think there’s a lot of opportunity there to use a gratitude journal to help you with that. But there’s also a lot more than comes out of it that I think is very worthwhile. And if you’ve never done one before, give it a try. Just give it a week. Go for a week, see how it goes. And I’m going to give you two different ways to do it. One for yourself and one for you and a significant other or a friend or whatever it might be. Number one is just this client that I was just working with. Uh, she meditates every morning. And so what I asked her to do is immediately after her meditation, just spend five minutes and just start writing about things that you’re grateful for. And I told her one day it might be deep and really meaningful and the next day you might be saying, you know, I’m grateful that I got out of bed this morning.
Speaker 1: (04:08)
But just start writing and recognizing all the blessings you have in your life. Because even if you’re having a terrible day, even if things are going awful, the fact that you can spend some time and focus on some things that you’re grateful for will go a long ways. And so spend at least five minutes a day writing in a gratitude journal that your focus on those blessings in your life and you’re going to see a shift in a see a mindset shift and you’ll start recognizing and realizing that even when things are bad, your life is full of blessings and opportunities. Now the other way, and I did this actually, I don’t know, I believe it was Darren Hardy. I learned it from, um, I wrote a gratitude journal every day for I don’t know how many months, but what I would write in it is everything that I was grateful for about my spouse, about my wife, Tamara.
Speaker 1: (05:04)
And just every single day I wrote, you know, just a few lines, a paragraph of something I was grateful for. Sometimes, like I was saying with this gratitude journal, sometimes it was deep. Sometimes I was grateful that she did my laundry. Um, sometimes I was grateful that she folded my clothes, made me dinner, whatever it might be. But every day I wrote about something that I was grateful for. And what I noticed is I started looking for things that she was doing that I was grateful for. So every day I was recognizing those things that whether she was purposely doing something for me, going out of her way to do something or if it was just what she does every day, I was recognizing all that she does for me, my family, whatever it is. And so I want you to do that. Whether it’s a spouse, a friend, family member, whatever, try that as well.
Speaker 1: (05:57)
Start writing in it everyday. Something you’re grateful for, what they’ve done, what they do. And, and then the best part was she didn’t know I was doing it. And then one day I gave it to her and you know, it was pretty meaningful. It went a long way in helping solidify and build our relationship for her to be able to go through there and see the, I actually recognized all the different things that she did. Um, you know, there’s so many times that your spouse does things that they don’t get recognized for. And when you do something like that and they can see that you appreciate it, that you don’t take it for granted. It goes a long ways and I think the opportunity to do that was helpful to me, but it was helpful for her as well to see that I recognize those things.
Speaker 1: (06:49)
So again, looking at end in this week, it’s Friday, uh, hope you have a great weekend, whether you’re working, spending time with family, whatever it is, hope it’s great and productive and you can get things done. But really focus on getting things wound up for your Friday, what you wanted to be accomplishing by this time. When you sat down on Monday and you were looking at what you wanted to get done, let’s get it done. Get caught up. If you’re ahead, get some extra done, whatever it is, and then, you know, take some time to start five minutes a day is all it’s going to take. You can figure out how to carve out five minutes, especially right now, when everyone’s home, five minutes a day, write in a gratitude journal, write everything you can think of that you’re grateful for. Every day it’s going to be different.
Speaker 1: (07:35)
There’s going to be days that it’s the same things over and over. You’re grateful for the exact same things, but it’s gonna change your focus. It’s going to change what you’re focusing on and it’s gonna help you to recognize those blessings. And then the same thing, doing one for your spouse or for someone else will wreck. You’ll start to recognize and focus on the blessing they bring to your life as well. So thank you. Have a great day. Have a great weekend, and I probably won’t see you til Monday, but we will do another one of these then and keep in touch. Go to www.JeffHeggie.com and sign up for the Momentum Training, it’s free. Yesterday I talked about signing up, going through that and then giving me some feedback. I would love to hear feedback on it. Please. When you go through it, it’s only three videos that’ll come out every couple days and the, I think the longest one is 30 minutes and the rest are about 1213 minutes.
Speaker 1: (08:30)
It doesn’t take a lot of time, but I think there’s really some impactful information in there that will be helpful for you as you’re dealing with things as we’re going through this pandemic. But even if, whether we’re in this pandemic or not, there’s some great things that talks about the Momentum Cycle and how to build confidence and how to change cycles when you’re on a downward cycle. And then it goes into creating your path and finding out what your goals are, where you want to be in a year, and how you’re going to get there. And then on the last day it talks about figuring out for each of your goals what your why is, why you truly want to do it. And it’s a, it’s a really cool exercise to go through that. It’s not just here’s my why, this is why I want it. It makes you do some thinking and it makes you dig down and you’ll realize some things that you didn’t know before. So thanks and again, go to www.JeffHeggie.com to get that and we will talk to you again on Monday. Take care.
As a business and success coach I’m often asked for advice on various topics. Recently I had a request from a client to just give them one thought or idea to focus on each day. As I thought about that, I made the decision to do it on a bigger scale than just helping one of my clients. I’m not sure how long this will go on for, but at least for now, while we are dealing with COVID-19 and the Coronavirus Pandemic, I’ll be sharing a daily success strategy and I’ll be making it public.
Below you’ll find my video from today, but you can gain full access to them by visiting my DAILY SUCCESS STRATEGIES page
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This Success Strategies clip was taken from the February 12, 2020Inner Circle Mastermindcall. The article discussed in the video can be found HERE
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People are looking for a leader to follow. They are looking for someone that can encourage them, inspire them, and give them hope.
If you want to be a great leader in any area of your life, you’ll be successful if you can become great in three areas. You must be confident, you must inspire and you must lead by example.
Without confidence, you are not the person that people want to follow. But when you confidently step forward and show them the way, people will follow you.
As a business coach, I don’t have to be an expert in every industry that my clients are in, but I have to be confident that I am an expert in helping to develop the strategies and systems that will work within their industries. If I wasn’t confident in that, why would they listen to me?
Confidence is key to your success!
People want to follow those that inspire them to do bigger and better things.
This is why we read books, listen to podcasts and look for mentors. When we hear the stories of how others achieved success, it gives us hope that we can do the same things. It gives us the confidence to start our own journey.
As a leader, you need to be able to inspire them to start their journey.
Lead By Example
People are looking for a leader that can show them the way. They want to be shown the things that work and the things that they should avoid. They want to see that you’ve done the things that they want to do. When they see that you are leading by example, they will follow.
You need to have the confidence to be the leader, the person who inspires others and lead by example to show others the way. If you are able to develop these three attributes, you’ll be able to lead many to success! If you’re interested in developing or sharing your skills with other great leaders join our Inner Circle Mastermind.