Is Retirement Old Fashioned?

piggybankIf you are even remotely close to “retirement age” (early to mid 60s) you grew up in a world where working people looked forward to a time when they could retire. That meant no more alarm clock, no more work days, no more punching the clock. It meant collecting pensions and social security, fishing, visiting with grandkids and just enjoying life. At least that was the dream.

Matt Becker on the Simple Dollar recently opined that retirement in this sense is an out of date idea and should be replaced with financial independence. Financial independence meaning you can live without uncertainty about your financial security. You can work if you like to and as much as you like to, but you do not have to.

The Retirement Myth

While it is true that more people today over 65 are working than in the past 70 years in fact older people have always worked. Some had no interest in the fishing pole and rocking chair and worked until they could no longer do so, or until they died. Many older people worked full or part time because Social Security is not enough to live on for most. That is increasingly true.

Financial Independence Regardless of Retirement

Becoming financially independent is a very good idea no matter what your age. Living below your means, saving, investing and building wealth has always been an excellent idea. No matter how old you are working toward more such independence is a great idea. It allows you to work, if you work, because you want to and because it fulfills you, not because you have to.

Having It Both Ways

People are still retiring and are likely to do so in some form for a long time to come. It is not so much that retirement is old fashioned or obsolete. It is that retirement looks different now. Some people will fully retire, leaving jobs and doing volunteer work or traveling or just enjoying life. If they are financially independent they can afford to do that and if it is what they want to do that is great.

More people will continue to work, some in their old jobs, some in new jobs, some in part time jobs, some as consultants, some will build all new careers. Depending on their financial condition some will do this because they have to, some will do it because they want to.

The ideal is to do what you want to. Do what you enjoy. Do what fulfills you. Retirement no longer has to mean one thing. It may include work and a lot of other things.

The ideal does not just happen though. It takes preparation. It requires you to prepare for the future. The closer you can come to financial independence the closer you can come to whatever your idea of the ideal retirement is: with as much work as you want to do, not as you have to do.

Learn how to manage your money, eliminate debt and build wealth in my book, Your Financial Success.

Wishing you well,

Daniel R. Murphy
Educating people for building wealth, adapting to a changing future and personal development.
www.danielrmurphy.com
www.books2wealth.com

How to Make Hard Choices

Ruth Chang is a philosopher who specializes in how we make hard choices. In this video she discusses how hard choices must be made. Choices based on scientific evidence, she says, are easy because they are quantifiable. Choices based on values however are difficult because it is often difficult to quantify values.

She suggests that we make value based decisions can be rational not based on external reasons but based on our own self-made reasons. For value based decisions then she suggests we need to look within for guidance – not outside us.

What do you think?

Wishing you well,

Daniel R. Murphy
Educating people for building wealth, adapting to a changing future and personal development.
www.danielrmurphy.com
www.books2wealth.com

Attracting Success

Acordar as pessoas: há um novo dia!“Personal value is the magnet that attracts all good things into our lives. The greater our value, the greater our reward. Since the solution for having more is becoming more, we must be in constant search for new ways to increase our value”. – Jim Rohn

If you read some of the best writing in the self-improvement and success field you will see this idea repeated. Personal success comes from who you are and what you do. We are compensated for the relative value we provide. The more value we can bring to the market place the more compensation we receive.

If you measure success in ways other than monetary compensation the formula continues to be true. Want to be an influential leader? Want to be a valued researcher or scientist? Want to create great works of art? Whatever you want to do, and do exceptionally well, requires that you constantly improve yourself. You have to learn more, build on your talents, develop your skills.

If you stand out because you work hard, work smart, contribute more, know more and create more you will attain that success.

No one achieves success by being mediocre or even average. Success comes from being outstanding in a way that serves other people and is valued. Success is born from what you can contribute. What you can contribute comes from what you are – what abilities, skills, and efforts you bring to the table.

This has never been more true than it is today in a globally competitive market place of ideas and commerce. However you measure success it derives from what you can contribute.

If you have a job, trade or profession you must develop your skills in that area so that you perform at the highest level possible. In any area of success you must continuously read more, learn more, study more. You must continuously improve yourself.

Learn how you can achieve more and realize your goals in my book, The Success Essentials.

Learn more about Jim Rohn and his teachings on personal development and creating wealth here.

Wishing you well,

Daniel R. Murphy
Educating people for building wealth, adapting to a changing future and personal development.
www.danielrmurphy.com
www.books2wealth.com

Affirmations

12 Habits That Take You To The Next Level

great_idea2“Doing the affirmations is quite new for me, I heard about the concept but never really took the time to do them. Now, every morning I am doing a short positive self-talk that I am already creative, productive, confident, influential, calm, loving, leading, inspiring, humble, intelligent, innovative, attractive, sensible and successful. It really helps me get that little positive boost for the day and adds extra confidence to whatever I do.

The next step for me is to do it in front of a mirror with more energy and belief to really pump up myself with positive energy for the day”. – Tomas Laurinavicius

Negative self-talk is defeating

What we tell ourselves in large part defines our limits and our potential. For all kinds of reasons most of us engage in a lot of negative self-talk every day. We criticize ourselves. We tell ourselves all the reasons why we cannot do this or that. We squelch our own dreams.

These self-limiting words we use limit us. But we can just as easily use empowering words to expand our potential. We can say to ourselves that we can achieve what we dream of. We can motivate ourselves to do more and do it better by the way we talk to ourselves. This positive self-talk is often called affirmations.

Positive self-talk is empowering

Do not have to stand in front of a mirror to do this. You do not have to do anything weird or special. You just replace the negative self-talk with affirming self-talk.

Instead of I can’t, I couldn’t, I don’t have, I don’t know how, I am not that smart…

You say to yourself I can, I will, I have, I can learn how, I am smart enough…

This is not magic. It will not magically make your problems go away, pay off your debts or fix everything. It will make it easier for you to find solutions and accomplish more.

Stop telling yourself why you cannot…

Start telling yourself why you can.

This series is inspired by the writing of Tomas Laurinavicius, a blogger and designer from Lithuania. His ideas are not new or revolutionary. They capture some basic ideas about habits that will take you to the next level of achievement.

You read the rest of Tomas’ article here.

Learn how you can achieve more and realize your goals in my book, The Success Essentials.

Wishing you well,

Daniel R. Murphy
Educating people for building wealth, adapting to a changing future and personal development.
www.danielrmurphy.com
www.books2wealth.com

Your Most Important Task

12 Habits That Take You To The Next Level

Deciding what to do first can be a head-scratcher. You usually always have a number of tasks to do but it may not always be clear which one you should do first. In his posts on the right habits to cultivate Tomas Laurinavicius suggest you identify your most important task. He says:

“Most of the time I’d just write a to-do list of some random tasks I want to do that day and my over optimistic to-do list would go unfinished every day. Now, I am focusing on one major task, the most important task (MIT) of the day that will help me achieve my vision and contribute the most to the future I want to build. I wrote a piece on Forbes about decision fatigue and its consequences which are all about making a limited amount of decisions every day and consuming a certain amount of willpower for each and every decision.

Defining and focusing on my most important task helps me get the most vital task done and move closer to my main goal, if I still have energy left for other tasks, I’d work on secondary and tertiary importance level tasks to run errands, ensure the cash flow and work on improvements for my business and life”.

The challenge is how to determine what is most important. Sometimes it is what is most urgent unless something less urgent is inherently more important. To sort that out I use a matrix first suggested by President Dwight D. Eisenhower. It was later made famous in Stephen Covey’s book, The Seven Habits of Highly Effective People.

eisenhower-urgent-important-500pxUsing this matrix you sort through what is most urgent and most important using the criteria set out in the box. Although some less important but urgent things must be done first you try to do what is most important first and resist being driven only by what appears urgent.

To do this you first do what is in the upper left box: that which is both most urgent and most important, followed by the box at the upper right and then lower left. The least important tasks fall in the lower left box and if done at all they are done last.

Use this matrix every day to sort your tasks and do what is most important and you will achieve more.

You do not have to be brilliant or extraordinary to achieve more. Most people who achieve at higher levels are not smarter than you are and do not have more innate talent than you do. It is now about their abilities; it is about how they use their ability to do more. This series is about just how to do that. It is about how to develop 12 key habits that will enhance your level of achievement on all levels.

This is the 8th of 12 posts on how the right habits can transform your performance to the next level. We are all at some level in terms of what we achieve. For many that level is far less than it could be. Given the right habits we can all achieve more, do more and succeed at levels we may now only imagine.

This series is inspired by the writing of Tomas Laurinavicius, a blogger and designer from Lithuania. His ideas are not new or revolutionary. They capture some basic ideas about habits that will take you to the next level of achievement.

You read the rest of Tomas’ article here.

Learn how you can achieve more and realize your goals in my book, The Success Essentials.

Wishing you well,

Daniel R. Murphy
Educating people for building wealth, adapting to a changing future and personal development.
www.danielrmurphy.com
www.books2wealth.com

Family

Rohn's Six Essentials to the Good Life

Our family and closest friends are the most important people in our lives. They are our support and our refuge. Jim Rohn had this to say about family–

“Invest in them, and they’ll invest in you. Inspire them, and they’ll inspire you. Take care of the details with your inner circle.

When my father was still alive, I used to call him when I traveled. He’d have breakfast most every morning with the farmers at a little place called The Decoy Inn out in the country where we lived in Southwest Idaho.

When I was in Israel, I’d have to get up in the middle of the night, but I’d call Papa. I’d say, “Papa, I’m in Israel.” He’d say, “Israel! Son, how are things in Israel?” He’d talk real loud so everybody could hear. I’d say, “Papa, last night they gave me a  reception on the rooftop underneath the stars overlooking the Mediterranean.” He’d say, “Son, a reception on the rooftop underneath the stars overlooking the Mediterranean?” Now everybody knew the story. And giving my father that special day only took five or 10 minutes”. (Jim Rohn on Success.com)

Rohn’s story about his father is a reminder that time and attention are the most important gifts we can give to our family. It is too easy to let life’s busyness get in the way of that. It is too important not to allow that to happen.

I hope you have enjoyed these six lessons from Jim Rohn over the past six days.Learn more about Jim Rohn and his teachings on personal development and creating wealth here.

Wishing you well,

Daniel R. Murphy
Educating people for building wealth, adapting to a changing future and personal development.
www.danielrmurphy.com
www.books2wealth.com

Do Not Miss Anything

Jim Rohn's Six Essentials to a Good Life

Jim Rohn wrote:

“My parents taught me not to miss anything, not the game, the performance, the movie, the dance. Just before my father died at 93, if you were to call him at 10:30 or 11 at night, he wouldn’t be home. He was at the rodeo, he was watching the kids play softball, he was listening to the concert, he was at church—he was somewhere every night.

Go to everything you possibly can. Buy a ticket to everything you possibly can. Go see everything and experience all you possibly can.

Live a vital life. If you live well, you will earn well. If you live well, it will show in your face; it will show in the texture of your voice. There will be something unique and magical about you if you live well. It will infuse not only your personal life but also your business life. And it will give you a vitality nothing else can give”. (Jim Rohn on Success.com)

Caveat: I think one must be careful about following Rohn’s advice here too literally. Attending everything you can or doing everything you possibly can would lead to a life so hectic it would not be the good life at all. There must be time set aside to work, to get the mundane chores of life done, like the laundry. There must be time to relax, to exercise, to spend time with friends and family.

Rushing from one activity to another and staying out all night to attend anything and everything is not necessary to a life well lived and in fact would be the opposite. There needs to be balance in life and in fact Rohn acknowledges this in his other writings.

I suggest that we should do the things that are important to us. I suggest it is not necessary to rush from one activity to another to live life well.

And remember this about advise, no matter who is giving it, it must be evaluated and not followed blindly. Life should be enjoyed and lived fully – but as a marathon, not a sprint. Do what you enjoy and what is important to you. Don’t feel compelled to do everything. Life should be savored and not raced through.

Learn more about Jim Rohn and his teachings on personal development and creating wealth here.

Wishing you well,

Daniel R. Murphy
Educating people for building wealth, adapting to a changing future and personal development.
www.danielrmurphy.com
www.books2wealth.com

Spirituality

Jim Rohn's Six Essentials to a Good Life

Jim Rohn’s father was a minister and a farmer. Jim was instilled with a deep belief in God from his childhood. When he spoke about the good life he did not mention a religion or even religion in general. What he talked about is more elusive but none the less important: spirituality.

The message I got from Rohn on spirituality is that whatever you believe about things of a spiritual nature you should nurture and practice those beliefs in ways that provide solace, peace and good habits.

Most people have some spiritual sense or beliefs. He may be that you are an adherent of one of the world’s many formal religions. You may be a devout believer and practice your religion daily, or you may pick and choose parts of those ancient wisdoms and belief systems you find valid and reject other parts. You may like some form of “new age” spirituality or you may just believe that the universe is highly interconnected and that science cannot answer all your questions. You may also be an agnostic or even an atheist who sees no place in your life for spirituality.

If you fall in that last category of having no spiritual beliefs you may want to check the sports page now. But if you are like most people you have some spiritual need and Rohn’s point for those who have spiritual beliefs is to study them, practice them, and live them. He suggested we should not neglect this aspect of our lives because for most people it is important.

For those who have a spiritual need or belief system it is best not to neglect it – that was Rohn’s point. Neglect of the spiritual side of the human experience can leave people with a sense of emptiness and longing. Therefore, to have a good life and a complete one it is important to pay some attention to those spiritual needs. Rohn strongly believed this, that to have a good life one must give some time and effort to ponder the spiritual side of the human experience.

(Jim Rohn on Success.com)

Learn more about Jim Rohn and his teachings on personal development and creating wealth here.

Wishing you well,

Daniel R. Murphy
Educating people for building wealth, adapting to a changing future and personal development.
www.danielrmurphy.com
www.books2wealth.com

Your Culture is Important to the Good Life

Rohn’s Six Essentials to a Good Life

“Language, music, ceremonies, traditions, dress. All of that is so vitally important that you must keep it alive. The uniqueness of all of us, when blended together, brings vitality, energy, power, influence, and rightness to the world”. (Jim Rohn on Success.com)

We all have an identity that is formed from the cultures we inherit from our parents and extended family as well as our community. This cultural identity grounds us and forms part of our sense of belonging, of home.

Culture transmits the wisdom of hundreds of preceding generations to us.

However culture can also hand down less positive beliefs and behaviors. We need to discern what is valid and what is not about cultural heritage and reject that which may be negative and destructive.

All cultures have an abundance of the positive and uplifting which we can benefit from. If you are fortunate enough to live in a poly-cultural nation like the United States you can also benefit from other cultures.

I suggest we embrace our cultural heritages and learn from them. It will make life richer. It is certainly part of the good life.

Learn more about Jim Rohn and his teachings on personal development and creating wealth here.

Wishing you well,

Daniel R. Murphy
Educating people for building wealth, adapting to a changing future and personal development.
www.danielrmurphy.com
www.books2wealth.com