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Sunday, September 27, 2009

Financial Planning And Why It is Important To Have A Budget:

According to the words of John Maxwell, “a budget is people telling their money what to do instead of wondering where it went.” This then brings the question, why is it vital to budget your income? It would be wrong for me not to tell you the whole truth which is, the perfect road map to achieving financial freedom is by budgeting.

A budget acts as the compass that directs and maps your course towards wealth creation, not to mention it helps to improve your living standards. Have you ever wondered how a ship captain navigates through the high seas yet there are on paths that he can follow? He is guided by the help of a compass; it assists him to know his current location and helps him steer his ship through the waters until he gets to his destination.

Financial confident people work with a budget. A good budget ensures you live within your means hence avoid unnecessary spending. It also helps you save part of your income. In order for your budget to work for you then it should meet some standards. But one of the most crucial elements of a good financial plan is that it should always be based on your financial goals.

Budgeting is not just about keeping track of your expenditure but it also includes helping you meet your personal financial targets in life. This is because, without financial goals in life you will never be in control of your money. To improve your financial status, start planning your finances carefully.

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Achievement - Power And Ability Of A Positive Mind

“Attitude is everything!” This statement carries so much truth that if every one took time to think about it and make necessary adjustment in life, then our lives would change for the better. Many times in our quest for self improvement, we have concentrated on changing and improving many things but our attitude.

Attitude is a person’s frame of mind. It is the mindset that a person has that helps him to develop a world view. Attitude is expressed by how we respond to issues. One person once said, “Life is not what happens to you but how you respond to issues”. Two individuals may encounter a similar negative situation but how they will each respond will determine the outcome.

One of the main attitudes we need to embrace is cultivating a positive mindset or attitude. As you read through history you encounter ordinary individuals who did extra ordinary things. Moses in the Bible was known to stammer in his speech but he became the deliverer. Abraham Lincoln on the other hand educated himself; he had no formal education but became the most acclaimed president in the history of the United States.

Mother Teresa, a simple nun in Calcutta also became an icon through her acts of mercy and philanthropy. The list could go on and on. What characterized these people was a positive mindset, they all believed in possibilities and they responded decisively for the good of humanity.

Regardless of your present status and condition, you can accomplish anything with positive thinking. There is power that is released through positive thinking and once it is released, it will always work for you. Positive thinking acts to enhance your abilities and virtues. Nothing is impossible to him that believes.

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