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MONEY MANAGEMENT: ARE YOU MAKING MAJOR MONEY MISTAKES?

Posted by Cliff Locks On June 6, 2018 at 10:06 am / In: Uncategorized

MONEY MANAGEMENT: ARE YOU MAKING MAJOR MONEY MISTAKES?

There are moments that I really wished I have the private services of a chief financial officer (CFO) to take care of things for me. Many executives are preoccupied with the management and sales & marketing part of their business that they don’t really create any plans for the incomes they generate.

Well, there are occasions when wishes do really come true, I’ll share how we can reduce and even stop our financial blunders, so let’s begin with the common errors we are prone to in our expenditures.

The mistakes can be quite numerous, and I would categorically state that the problem is that we don’t monitor how we actually spend our money, we don’t put down what exactly is it we are spending money on or effectively utilizing other good resources at our disposal such as Quicken or Mint.com. It’s just like having water passed through your fingers and then trickles down to no specific direction. Another thing I would also like to mention is that there is big delusion we have that when we spend money, it makes us feel more fulfilled.

Probably you had such maybe day at the office, and while going back to your home, you stop at the Mall, and you come across this beautiful pair of women shoes or a gentlemen’s sport’s jacket, and then you decide to buy it, honestly speaking, you will definitely get a momentary satisfaction, just like when you take a candy bar, nevertheless that feeling is short-lived.

On the contrary, it is by having financial security that you can really get permanent financial happiness. And this can be achieved by having an emergency fund saving together with making longterm savings for when you will retire.

All right, let’s talk about savings, how do we get it wrong?

For me, where I think we get things wrong is with our attitude to savings, we usually have this nonchalant attitude towards it and our approach is let’s take care of our needs first, and then we save whatever is left at the end of the month, but then, it doesn’t work that way, and you can’t get anything achieved with that. Rather, you need to be a lot more serious about your savings, and moreover, you need to plan it in such a way that it coincides with when you receive your paycheck, and then you instantly send a pre-determined amount into an emergency saving fund, a part of it into your retirement, send some into your savings for vacation or home down payment. You have all these commitments, and you must continuously contribute to them. This is very important in assisting you to make progress and achieve your financial goals. As I say, pay yourself first.

All right, now I want to believe that you feel you’re expected to invest some of that money also, so what are the wrong notions we have adopted as far as is working our money is concerned?

I’m pretty certain that you will find this myth surprising and you’ll equally find it surprising that it is not usually the best to be a conservative more especially in our 30’s and 40’s. We need to get our portfolio to be very effective since they have to last to a minimum of 95 years and if there is anybody in your family who is 95 years and above, then you may have to make savings that will more than 95 years.

You maybe you’re asking yourself 95, that is giving you a little concern since I have this feeling that I will outlast my money, is there something we can do to soothe this anxiety?

I think that’s really a good problem and to be candid, it’s something I’m worried about as well. Therefore, we have to be a whole lot better at saving, start our saving much earlier and putting down more money into savings, such that we will have a much bigger retirement nest egg by the time we eventually decide to retire, may be at the age of 65 or 67, it should be much bigger than that of our neighbors. And to cap it all, we need to get more familiar with the way our money is invested. What fraction is invested in bonds and what fraction invested in stocks, what is the ROI we are provided with? We need our dollars to work extremely hard for us since we need them to last really long. A certified Financial Planner can help put a plan together.

The idea is to ensure that our money is working as hard as us.

Please keep me in mind for full-time and consultative senior executive engagements and board openings. If you hear of anything within your network that you think might be a positive fit, I’d so appreciate if you could send a heads up my way. Cliff@InvestmentCapitalGrowth.com

#1 HABIT OF SUCCESSFUL PEOPLE

Posted by Cliff Locks On November 11, 2017 at 10:53 pm / In: Uncategorized

#1 HABIT OF SUCCESSFUL PEOPLE

When it gets to certain stage in your career, it is not uncommon for you to hear about the kinds of habits displayed by successful people. Generally, these kinds of habits are many and comprise the newest ranging from the best attitudes in networking to focus. The best ten are generally clever in all honesty, and they are really lot more difficult than they seemed and many people have not been able to gain a mastery of them. Today I will be revealing just one and the best habit of the extremely successful leaders. As a matter of fact, it could well be something you have been doing and stopped along the line because you have so many other tasks taking your time.  It’s pretty easy and it what we all can achieve.

The topmost habit is known as lunchtime. Extremely successful individual don’t work round the clock. It is not in their habit to munched their sandwiches when they are on a conference call, what they do is go for real vacation to rejuvenate and revitalize. They apply wisdom while spending their vacation. You can apply the following strategies to put your lunch hour to wise use.

To start with, move around. Being stationary for the whole day will cause harm to your body, therefore, move away from your table and if there is no time for you to go to the gym just take a stroll instead.

The next habit you must inculcate is eating together with other people. Make use of the lunch hour to network with fresh colleagues or to develop current relationships.

Have you been making use of your lunch hour wastefully, turn your lunch hour to a great habit and pretty soon you will realize just how really efficient you can become.

An additional resource: Stephen R. Covey, The 7 Habits of Highly Effective People: Powerful Lessons in Personal Change

The Importance of Selling Yourself

Posted by Cliff Locks On October 18, 2017 at 5:16 pm / In: Uncategorized

The Importance of Selling Yourself

If I mention the word “self-promotion or probably “marketing yourself” what exactly crops up in your mind? Several people believe that self- promotion is not a good term; selling yourself has some negative meaning. Though this channel of selling can be utilized for bad purposes, it can as well be utilized for good. Moreover, when there is no selling, we won’t have the opportunity to have several amazing things since virtually everything we have and uses were sold to us. The clothes we are putting on, our mobile phones, jewelry, etc. if you really have something tangible to offer in your place of work, then it is about time to conquer your hatred for selling. I will reveal 3 strategies to overcome your hatred for selling today, in order to be able to offer your wonderful service and talents to a whole lot more people.

Listed below are three strategies to take out the not so good that is associated with selling and include the good.

To start with, repackage selling; begin to see selling in a different light. Have a change of orientation. Begin to realize that selling involves giving or offering service, when other people realize the different ways through which you can be of service, they would like to patronize your services

Next to that is the need to concentrate on making a difference. Whenever you talk about the services you render, concentrate on the influence you can make, the results you can achieve, the advantages you offer. People love to purchase things that are useful to them. In conclusion, be enthusiastic; people love to make their purchases from those that are genuinely passionate about the service they render. If you talk with passion, vigor and enthusiastically about your services, many people will easily buy into your ideas and invest in your passion.

If you render your services with the right attitude, for the right purpose and to the right folks, selling won’t have any inkling of evil. As a matter of fact, selling your special abilities and priceless contributions can really make a big difference in the world.

Many thanks for taking time to read this blog post, if you enjoyed it, I consider sharing it with your loved ones and colleagues, by kindly posting it on LinkedIn, Instagram, and Facebook, and tweeting it.  I’m Cliff Locks, a professional executive advisor and Board of Director.  As I say, be passionate in everything you do, model great leadership for others, understand your strengths and use them, set positive goals, make definitive plans based on them – and execute, it’s ok to admit when you fail and move on, and always motivate others. Let’s work together to enhance your leadership skills potential, visit Investment Capital Growth.com and click on the chat app on the lower right, so we can schedule time together to help you fulfill your vision of success and opportunities help your company achieve its goals.

How To Negotiate With Colleagues

Posted by Cliff Locks On at 4:08 pm / In: Uncategorized

How To Negotiate With Colleagues

Making deals in the place of work is every task. We all wish that our suggestion to be accepted, we fight for scarce resources, we wish to have access to those who call the shots, therefore we naturally have to make deals. Making negotiation at the place of work is worlds apart from negotiating the cost of a condo or car. At our place of work, we make negotiations with our colleagues and supervisors and at times our buddies- we have a long-term relationship with these folks. Today I will be revealing 3 strategies for making negotiation with your colleagues in the workplace and thereby maintaining your relationship as well.

You can apply the 3 strategies discussed here to maintain your relationship while making negotiations. The first one is that you need to concentrate on a collective future. Generally, people are more inclined to be a bit fairer if they are aware that you are together with them for the long haul. Always reiterate collective interest that will be beneficial to both of you down the road. You could say something such as I’m quite aware that both of us are devoted to effecting changes that will enhance our performance in the long-term.

The second strategy is that you must steer clear of anything that will make them angry. It is totally unreasonable to say something that will make them angry when you are to develop a long-term relationship. Keep away from those topics that will get them worked up. Never say something such as all you are interested in is your final profit.

The third strategy is that you must always maintain your calmness. Behavior is infectious; hence if you speak quietly and with calmness, the person you are making negotiation with will be more inclined to accept. If your partner becomes a bit angry or tempers start flaring, slow the conversation down and speak in a reduce tone. This will go a long way in calming the flaring nerves. Allow everywhere to become quiet and then tell your partner that you love to resolve the problem with them.

We are all aware that careers thrive on relationships, there when making deals with your colleagues, always to maintain and even enhance your relationship with them. In future, you might have forgotten what the negotiation is all about, but how you treated the feelings of the partner you negotiated with will never be forgotten.

Many thanks for taking time to read this blog post, if you enjoyed it, I consider sharing it with your loved ones and colleagues, by kindly posting it on LinkedIn, Instagram, and Facebook, and tweeting it. I’m Cliff Locks, a professional executive advisor and Board of Director. As I say, be passionate in everything you do, model great leadership for others, understand your strengths and use them, set positive goals, make definitive plans based on them – and execute, it’s ok to admit when you fail and move on, and always motivate others. Let’s work together to enhance your leadership skills potential, visit Investment Capital Growth.com and click on the chat app on the lower right, so we can schedule time together to help you fulfill your vision of success and opportunities help your company achieve its goals.

Achieving Your Goals

Posted by Cliff Locks On October 5, 2017 at 10:18 pm / In: Uncategorized

Achieving Your Goals

As a society, we are often obsessed with setting goals. It is not even impossible that you are not happy with yourself because you haven’t made sufficient progress on your list of goals for the year, or in your case, maybe you have too many goals that you don’t even have the faintest idea of where to take off and what you should be concentrating on. From one year to another, we are constantly falling short because of the goal trapped we set for ourselves. Rather than following this pattern, let’s have something different this year; let’s replace our vast goals with just one or two goals that can really make a real difference in our choices.

Start by relaxing and two-part exercise to work through during the fourth quarter and the upcoming end of year holiday period.

Exercise one: select two words to define this last year. As an individual, 2017 was exciting and a little disconcerting.

Exercise two: select two words to explain how the New Year will be for you. As an individual, 2018 will be amazing and impactful.

How many goals do you currently work on? Is it working for you?

If you need help in accomplishing your goals, let’s talk. schedule a call: www.calendly.com/clifflocks

There’s Just One Key To Happiness

Posted by Cliff Locks On September 29, 2017 at 1:48 pm / In: Uncategorized

There’s Just One Key To Happiness

You’ve possibly heard may be on too many occasions on how you can achieve happiness. As a matter of fact, it seems to be the latest Holy Grail. You already know that the quest for fame or wealth does not lead to happiness. But it is not impossible that you are pondering if it is really necessary to have deep reflections and keep a thankfulness diary in order to attain that much desired happy state. Well, due to a Harvard research that has been closely monitoring the lifestyles of over 700 for almost ten decades, we currently understand that there actually exists just one big key to happiness, do you have an idea of what that is?

There is no other big key to happiness other than interpersonal relationships. In the research, it was discovered that the individuals who have the most robust working relationships were not just happier, they were also healthier. Now these kinds of relationships were not just with spouses and family members but also with best friends and colleagues. Do you ever spend quality time with your friends?  23% percent of Americans admitted to not having anyone to discuss with; how terrible. We   all can do something about this ugly situation.

Let’s spend lesser time with television and spend more qualitative time with people. Obviously, internet relationships have not done to make us happier.

Let’s become more familiar with our neighbors. One of the most important achievements to my personal life this year has been a book society as well as spending time with my neighbors down in the hallway.

Let’s welcome our co-workers to have coffee breaks with us. Relationships in the workplace bring a lot of considerable transformation to our happiness and this is awesome. Study shows that having a high five, fist bump or handshake with friends in the workplace will make the friendship bonds even stronger.

Attaining happiness is actually not too complex. It’s about one basic thing, opening ourselves to others and equally allowing others to open themselves to us.

Thanks for taking time to read this blog post, if you enjoyed it, I highly recommend you share with your loved ones. I’m a professional mentor; enhance up your leadership potential by making an appointment to talk. I look forward to helping you define your vision of success and achieving it. Schedule a Call: www.calendly.com/clifflocks