07-JULY 09-2020

Increased SecurityGood morning.
What can be said about a market that has resiliency and unprecedented movement amidst one of the more difficult economic periods in U.S. history?  It’s on fire!  That phrase has such different connotations, but in this case, I think all of them probably fit.  At this stage, many investors are playing a game of “greater fool” with many companies.

Now here’s the rest of the news:

BREAKING NEWS: Dodd-Frank Act provides banks legal provisions to confiscate YOUR retirement savings to protect themselves during the next financial crisis.

July 09, 2019

Getting into the Motivational Mindset

Ever go to sleep at night with list of plans for the next morning to “start your day right” and instead find yourself pushing the snooze button when it’s time to rise and shine?  I know I’m certainly guilty of this, and I think it’s fair to say we all are.  Why is this such a common issue?  Because our present and future selves don’t always agree with one another!  We may love the INTENT of our future goals, but as soon as we are faced with holding out or instant gratification, the present self chimes in – usually wanting the opposite thing we’ve just spent time thinking about.

This doesn’t mean we don’t WANT to be successful – we all do!  It just means we’re going about how we approach success and motivation the wrong way.  If we know we’re geared towards more instant rewards, we need to find ways to build these into our long-term plans.  James Clear, a writer and entrepreneur who focuses on human habits recommends using three strategies to accomplish this.

First, design your future actions.  This means being more intentional about how you would like to implement a change.  Become more productive at home by cutting out cable TV and deleting social media apps or games from your phone.  Improve eating habits by putting more fruits and vegetables towards the front of your refrigerator or only purchasing items in individual snack sizes to help with portion control.  Bolster your finances by setting up automatic deposits from your paycheck.  Take whatever it is you are planning to do and map it out accordingly.  The more we structure our environ-ments to breed success, the more likely we are to get small amounts of gratification, and the better we become at aligning our present and future goals.

Next, reduce the friction of starting.  The pain or pro-crastination is often far worse than simply starting.  Want to go for a run after work?  Pack your clothes, have your water ready, and a route pre-planned.  Find a healthy to go meal service if you’d like to start meal prepping but are worried about time.  Take small steps.  They don’t have to be perfect.  Spend time on getting yourself to simply show up and focus on how consistently you can do that rather than how well you complete the task in its entirety.  The more we do this, the more likely we are to build it into a habit and start to stick with it.  Go easy on yourself, reduce the barriers, and the rest will fall into place.

Lastly, set SMART goals.  Make them specific, measurable, attainable, realistic, and timely.  NO surprise that the more specific we are with what we want to do, the better we are at accomplishing it.  For example, if l want to decrease sugars in my diet, I need to break down what that means.  For some-one who finds themselves looking for candy bars in the vending machines mid afternoon, a SMART goal could be for them to stop carrying change in their pocket at work for the next month.  They could do this by putting the change in a piggy bank or container instead, and can use the money normally spent on candy/soda to purchase a non-food related reward at the end of the month.

What goal have you been trying to achieve?  Take these strategies and implement them!  Remember – the trick to getting ahead is getting started.

To Your Mindset,  🙂

IMG_0712
Come From Aways, Do You?

More Posts

04-APRIL 16-2021

Good morning. Retail sales came in with a blowout number, sending stocks to all-time highs and reversing a pre-market drop.  The reason is thanks to the last round of stimulus payments.  While earlier rounds made their way into the stock market, Bitcoin, or paying down a credit card, it’s clear from the retail numbers that many are spending. Governments and central banks are also likely noticing the impact as well.  If inflation numbers don’t materially rise and stay higher, the lesson may be learned that money can be created seemingly infinitely, as long as it’s designed to be spent.  Like

04-APRIL 15-2021

Good morning. Typically, April 15th is the day taxes from the prior year are due. 2021, like 2020, has seen a delay in payment.  Add in extensions, and you can float your payment to Uncle Sam for a year well into the autumn of the next. Tax talk hasn’t been too big in the past year.  For those on the upward part of the K-shaped recovery, it’s been withheld from their jobs as it’s been made.  For those on the lower end, there’s been less made to tax, or even the lower tax rates on unemployment benefits.  At some point,

04-APRIL 14-2021

Good morning. Coinbase is expected to make its initial public offering today.  Analysts have provided expectations for the company to trade as high as $600 per share, and potentially with a valuation of $148 billion.  That would make for one of the largest companies to go public in history. With cryptocurrency prices rushing to new all-time highs ahead of the IPO, and with estimates getting increasingly bullish for the space, this big IPO could be a sign of a top.  While the chart patterns suggest such a top is a long way off, traders should watch to see how shares

04-APRIL 13-2021

Good morning. The stock market is forward-looking.  And it’s been looking forward to this earnings season.  It’s a chance for companies to report solid numbers for the first quarter of 2021.  Earnings are expected to not only be good compared to the 4th quarter, but will also provide a strong view relative to the first quarter of 2020, when stocks had to first start pricing in the pandemic. But the real question is, what happens after earnings?  With some solid numbers likely, and with many companies still avoiding any future guidance, the next few weeks may lead to a big

04-APRIL 12-2021

Good morning. The Bureau of Labor Statistics was down early on Friday, as traders looked to see the latest inflation numbers.  With a consumer price index level up 1.0 percent month over month, or twice what was expected, inflation numbers are certainly looking up. Over time, high inflation makes it difficult for companies to provide accurate estimates of costs.  Projects are delayed, and the economy and the stock market contract.  While some of that fear has been bubbling up, for the time being, a quarter or two of extra inflation may not cause a big market selloff.  Traders can potentially

04-APRIL 11-2021

“If you want your business to thrive, you must fall in love with sales and marketing.” –Marie Forleo Here’s to a better YOU … and now … Today’s DarrenDaily Recap Sunday.  A collection of the weeks videos from Darren Hardy.  Enjoy! Naturally beautiful: Lots of things to do in Charlottetown, Prince Edward Island, Canada. Lots of local shops to visit and people to meet! April 11, 2020 I play golf.  Tiger Woods earns millions.  I earn zero.  Totally unfair! Network marketing is the same.  The people that do it well, earn the most money. As we get better in businesses,

04-APRIL 10-2021

How to set boundaries … and say NO You know, when we were younger, we were wisely taught by our parents, teachers, and law enforcement officials to say NO.  Somewhere along the lines, however, we lost our way.  We started feeling bad about saying no, and we began saying yes…to everything.  The result?  We stretch ourselves thin by taking on anything and everything that comes our way – often reluctantly, begrudgingly, and resentfully.  This happens in our personal and professional lives, and it not only creates overwhelming (yet unnecessary) stress, it also puts tremendous strain on our relationships. In our

Like this article?

Share on facebook
Share on Facebook
Share on twitter
Share on Twitter
Share on linkedin
Share on Linkdin
Share on pinterest
Share on Pinterest

Leave a comment

Send Us A Message