Financial independence compilation, habits of successful people, get rid of debt and make money

Welcome to the November 29, 2010 edition of financial independence.

Your Financial Independence Articles

Ten habits of highly successful people -  There are many different sayings that reinforce the importance of learning from others with more experience than ourselves.  This can save a lot trouble and can help us to achieve our objectives faster.

I have compiled a list of 10 habits, or qualities, of highly successful people. I honestly believe that anyone can develop these habits and progress to achieve anything in life.

Maybe I am a little naive but hey, it worked for them so it will probably work for me as well.

How to make some extra money - I have read quite a few articles about how to make some extra money. There is a wide range of advice that goes from saving, to keep the money in your pocket, to using your credit card to make money through rewards.

Here are a few of my favorite tips.

Personal finances management for when you are broke, debt consolidation home equity loans - It can be very difficult to budget when you are under financial stress. The following tips are aimed to us to budget when lacking a bit of cash.

Reasons to say NO to credit - It is very easy to get credit these days. Many credit card companies offer introductory rates that are very attractive, combine it with a culture that encourages to spend money then there is potential for a personal finances disaster.

Our society seems to place value on the things we have and not who we actually are. I observe this whenever I go. People compare the cars they drive, the school the kids go to or the clothes they wear. It is ridiculous. This encourages people to purchase stuff using credit.

Here are a few reasons why you should say no to credit.

Videos on how to be successful - The following videos provide quick and valuable  tips on how to be successful.

Reader’s Articles

Jason Vincion presents How to Invest posted at For the Love of Creativity, saying, "A blog post that offers suggestions on how to find sound investments that accrue interest over the rate of inflation."

Rosetta presents Cash Flow Notes posted at Stock Tips, saying, "Cash flow notes are similar to an IOU for debts that can either be purchased or sold. Get some investment tips if you wish to have smooth transactions with potential note buyers."

Everything Finance presents The Top 3 Ways to Entertain your Business Clients posted at Small Business Resource, saying, "When it comes to business, it is vital that companies form good working relationships with their clients. Trust is invaluable to fostering a successful partnership; socialising with your contacts outside of the office environment can be a great way to build it. If your clients are based far away from you and you only have the opportunity to meet every so often, you need to make the most of this time in order to get to know each other."

Silicon Valley Blogger presents PenFed Credit Union Credit Cards Review posted at The Digerati Life, saying, "Have you thought about getting a credit card from a credit union? Here's a review of cards from PenFed."

Ryan @ MFN presents How to Find Unclaimed Property and Money posted at The Military Wallet, saying, "Tips on how to search state records for free to find missing money, such as paychecks, tax refunds, and other money you are owed."

Tim Chen presents Get $100 With the New American Express Blue Sky Preferred posted at NerdWallet Blog - Credit Card Watch, saying, "American Express just rolled out a spanking new offer, introducing the Blue Sky Preferred credit card, and they’re giving away $100 to boot."

Ray @ Financial Highway presents Car Maintenance: 8 Tips to Cut Down on Costs posted at Financial Highway, saying, "Maintaining a car can take up a large chunk of your income, here are 8 tips to help you cut down on your expenses."

Highest CD Rates presents Choosing the Best CD for You posted at Highest CD Rates Info, saying, "A certificate of deposit can be a low risk part of any investment portfolio."

Odysseas presents ‘Money is Not Easy, but It’s Simple’ posted at Wallet Blog, saying, "Hey, taking control of you financial future takes patience, but it does not have to be complicated when you set appropriate goals and know what your priorities should be."

Jeff Weber presents Who Can and Can't Benefit from the Citi Platinum Card posted at Smart Balance Transfers, saying, "The Citi Platinum select card is good for consumers who can benefit from low rates, but not ideal for those who pay their balances every month and could realize greater benefits with a rewards credit card."

Andrea McDougal presents Follow the Money:12 Big Public Works Projects Funded by US Stimulus Money posted at Masters in Project Management, saying, "Big public works are being funded by US stimulus money. These things range from major road and public transportation revamping to smart grid projects throughout the country."

BWL presents Is it Smart To Borrow Money To Invest? posted at Christian Personal Finance, saying, "A look at whether or not investors should be borrowing more money to invest..."

Mitch Archuleta presents Roth IRA CD Laddering posted at RothIRA.com's Retirement Planning Blog.

Michael Pruser presents Citi $50 Cash Back Student Holiday Offer posted at The Dough Roller, saying, "thanks for the inclusion"

Michael presents 20+ Christmas Gift Ideas Under $100 posted at Consumerism Commentary, saying, "A great list of Christmas gift ideas"

PT presents 2010 Tax Brackets: What Is My Tax Bracket? posted at Prime Time Money, saying, "Know your brackets and know how to plan to pay fewer taxes."

Alexander presents A Defensive Stock With A Generous Yield posted at Dividend Stocks, saying, "Value investors looking for a long term stock with a dividend that is likely to increase over the next few years should turn their attention to Lockheed Martin."

Moneyedup presents What About Savings Bonds? posted at MoneyedUP, saying, "These investments are perfect for everyone from infants to the elderly. Savings bonds have been around forever and are still as popular as ever."

freefrombroke presents Building Credit From Scratch – Are Young Adults Doomed for Financial Failure? posted at Free From Broke, saying, "Do young adults have the cards stacked against them as they try to build up new credit? Temptation and student loans make it difficult for young adults to get ahead."

Ryan @ CML presents How to Calculate the Yield on Cost of a Dividend Stock posted at Cash Money Life, saying, "Tips on calculating the yield on cost of a dividend stock, an important indicator of how your dividend portfolio is performing."

Ryan @ MFN presents When Should You Start Receiving Social Security Benefits? posted at The Military Wallet, saying, "Choosing to delay receiving Social Security Benefits can increase the amount you receive. These tips can help you maximize your Social Security Benefits."

Stretching the One Income Dollar presents Stretching the One Income Dollar: 10 No Money Down Ways to Buy Real Estate posted at Stretching the One Income Dollar, saying, "Thank you for consideration of my article."

MoneyNing presents How To Teach Your Kids To Budget posted at Money Ning, saying, "How would you teach your kids how to budget? Do you think it's important?"

Arjun Rudra presents Discussing the investment case for Kinross Gold (K:TSX) with Bruce Campbell of Campbell & Lee Investment Management posted at Investing Thesis, saying, "While many have argued that gold will continue to outperform going forward, there are equally as many who argue against an investment in gold , including the Oracle of Omaha. While there are valid points on either side of the argument it is you who has to judge on which side of the debate you fall. Having said that, if you happen to fall on the side that calls for an investment in gold , you’ll likely enjoy the following interview."

Money Crashers presents » What Is Divorce Insurance Coverage? posted at Money Crashers, saying, "One of the latest products to be rolled out by the insurance industry is divorce insurance. Yes, you heard me correctly, divorce insurance. The question is, what exactly is it and should you consider it?"

Youdondour torres presents Quick sameday advance posted at Pay Day Loans For You Today!.

Youdondour torres presents Payday loans online and how they work posted at Quick and easy payday loan!.

That concludes this edition. Submit your blog article to the next edition of financial independence using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

Technorati Tags: financial independence,habits of successful people,make money

Videos on how to be successful

The following videos provide quick and valuable  tips on how to be successful.

Stephen Covey on setting priorities video

Setting priorities

 Quest for success: get very clear on how you intend to live your life

Quest for success

The 4 Disciplines of Execution

Technorati Tags: personal finances,financial independence,successful people

Ten habits of highly successful people

There are many different sayings that reinforce the importance of learning from others. It can save a lot trouble and can help you to achieve your objectives faster.

I have compiled a list of 10 habits, or qualities, of highly successful people.


1. Successful people look to see opportunities where others see nothing

Successful people are always looking for opportunities. They don’t listen to the people that discourage them. They objectively look at every business opportunity even when others see nothing.

That does not mean that their ideas always work out. However they are willing to think outside the box and to try things out.

You may start thinking that you are just an ordinary person that doesn’t know how to think outside the box or that everyone else is more clever than you. Don’t think that way. Looking for opportunities is a skill that you should practice and learn with experience.

Personal finances application: Look for opportunities to make extra money. It can be through opening a small online business, a blog or many other ways.

The following articles show you a few ideas ion how to make extra money:

• How to make money blogging videos
  
• A few strategies to make some extra money

2. Successful people are solutions focused

Successful people are always trying to find solutions to problems. They don’t dwell on the problem, they understand it and look for ways to solve the problem.

Personal finances application: Do you have financial problems? Maybe you have a bit of debt that you want to get rid of or you struggle to follow your budget. Stop focusing on the problem, stop saying to yourself that you have a problem and make a list of possible solutions.

Once you have that list prioritise it and work you way through your ideas in order to find solutions to your problems.

3. Successful people create their own success

This is key to anyone that wants to achieve anything in life. Success won’t come your way, you need to chase it, to create your own success.

What that means is that you will not wait without action to achieve your dreams. Successful people are action oriented, they look for opportunities and they take action. This way you will attract success towards you.

Personal finances application: Define what financial success means to you and write it down. make this list your objective and work hard towards achieving it.

The following articles contain great tips on how to pursue your own success.

• The science of getting rich - how riches come to you
  
• The science of getting rich - increasing life

4. Successful people are fearful but they take action anyway

Successful people are just like you. They think about the things that can go wrong and they are fearful of them. However they are not controlled by their fears. Being brave is taking action despite fears. That is exactly what successful do.

Now, don’t go crazy on this. You need to evaluate your actions and risks involved. Look at reach potential risk and think about ways to remedy those risks if they ever evaluate. Once you do this you are ready to take action.

With a bit of planning and risk assessment you can take action despite your fears.

Personal finances application: Are you afraid of starting your own business, maybe a blog to start with? Maybe you are afraid that your action won’t bring the results you expect.

If you have made a list of potential solutions to your financial problems (from item 2 above) then evaluate the possible outcome of each option and think about ways to remedy those risks if they ever eventuate.

Once you have done that you are ready for action.

The following article relates to risk taking when investing in shares:

• The risks and benefits of investing in shares

5. Successful people take responsibility for their actions and outcomes

Successful people take responsibility for their actions. If they are responsible for the action of others such as their employees for example, they also take responsibility for those.

They don’t blame anyone else. If you want to be successful you need to take a critical look at your actions and their outcomes and take responsibility for them.

If you stop blaming you open doors to start learning. Once you say that something is your responsibility you are ready to evaluate what happened and learn from it.

Personal finances application: Can you think of anything you have done in the pats to address your financial issues and the outcome wasn’t quite what you expected? Maybe you blamed somebody else, the world economy, the customers that didn’t buy your product of the investment that didn’t go quite right.

Look at what happened and take responsibility for the outcome. You step is t them look at what happened and learn from it.

The following article discusses the topic of taking responsibility for your personal finances:

• 10 tips for financial security

6. Successful people look for ways of maximizing their potential

Successful people know they shortcomings and the areas that they need to improve. They know that they are as talented as anyone else and that there is lots of potential for improvement.

If you want to be successful you need to recognize the areas that you need to improve and work on them. Successful people are always improving themselves in whatever field they are involved in.

Personal finances application:  Take a critical look at your financial skills. Can you see any areas that need improvement? Maybe you want to learn more about basic accounting or real estate investment.

Focus on the fact that you know that you can address those areas and start working on it.

The following link takes you t an article about basic accounting. Anyone on the road to financial independence needs to control basic accounting principles and know how to apply them in real life.

• Basic Accounting Principles - The start to financial

7. Successful people are productive

Successful people are always busy. They are always doing something. They don’t sit around doing nothing. They are focussed on their objectives and they work hard towards achieving it.

It is very important to live a balanced life as well. If you have a family it is important to spend time with them. Being focused and action oriented does not mean that it is the only thing you do in life. it means that when it is time for work you are doing something and working hard towards achieving your objectives.

It is important to take breaks and to live a balanced life so you can enjoy all areas of your life.

Personal finances application: Create a action calendar. Mark the days and the time where you will be working towards achieving your financial objectives and stick to it.

Be flexible and adapt your calendar to suit all aspects of your life including the time you spend at work and with your family.

The following article discusses the topic of taking action in order to achieve your objectives:

• The science of getting rich - efficient action

8. Successful people develop relationships with like-minded people

Successful people relate to people that are like-minded and that will encourage them to achieve their objectives.

Look for people that want to achieve the same objectives as you and develop and relationship with them.

This does not mean that you will be calling a few people and then to be your friend. That would be pathetic. You can do this by looking for like minded people on the internet and read about what they do and if possible communicate with them.

This can be done by following the blogs of like minded people, following them on twitter and facebook. It may not look like you are developing relationships with them but you are. You are listening to what they have to say, you are commenting on their blogs and exchanging ideas. That is developing a relationship.

Personal finances application: Do you want to be financially independent one day? If yes them follow me on this blog, twitter and facebook. Comment on the articles on this blog and I will make sure to reply to your comments as quickly as I can.

The following links will take you to my twitter and facebook accounts:

• http://twitter.com/#!/ditchtheboss1
  
• facebook

The following links will take you to some other blogs about personal finances. If you like what the other authors say then follow them or comment on their blog posts.

• http://www.knsfinancial.com
  
• http://www.getrichslowly.org

9. Successful people innovate rather than imitate

Successful people don’t copy what other people do, they innovate, they look for opportunities and improve on what others do.

Microsoft for example, they keep on buying other companies and they improve their software and make tons of money by improving them.

Look for ideas of what other people have done and look for opportunities to improve or innovate what others have done.

Personal finances application: Look for small business opportunities. Maybe you can teach someone or provide a service. Look at what other people are doing and improve on it. Innovate. You can teach using a different, improved technique or resources.

10. Successful people have a clear vision for what they want for their lives and work towards achieving it.

If you want to achieve anything in life, the first step is knowing what you want to achieve.

Write down your dreams and objectives clearly and concisely. Then visualise them, memorise them and focus on the fact that you know that you can achieve it.

Personal finances application: Write down your personal finances objectives. Make that your master list, perhaps set yourself some dates and work towards achieving them.

Make the list a dynamic one that changes as you achieve your objectives or that changes as your life changes.
Include long term and short term objectives and have an action plan.

The most important of it all is knowing what to achieve and to take action towards achieving your financial objectives.

Technorati Tags: personal finances,financial independence,make money,successful people