Is positive thinking bunk?

If you’re new here, you may want to subscribe to my RSS feed or via email. Thanks for visiting!For years I’ve focused on learning the external self-help skills. How can I communicate better? How does my body language support my message? What does his body language tell me about his thoughts on my proposal? How […] ...

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Controlling Expenses Is Critical To Profitable Business

For years I’ve been saying that smart businesses focus on growing sales, not on cutting expenses. “You can’t cut your way to profitability” is one of my favorite sayings. In business, a dollar earned is roughly equal to a dollar saved since taxes are based on your profits, not income. Essentially, you are taxed on your income (sales) minus expenses. Sales and expense control are roughly worth the same. The problem is that it is easier for most people to focus on expense control that on top end (sales) growth. And after you hit the obvious expenses, you spend more and more time on things that save you less and less money. It is the 80/20 rule in reverse, where you find 80% of your savings from the first 20% of expense cuts. Also, you...

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What are The Keys to a Perfect Credit Score

A few weeks ago Tim Coffman asked me if I would publish an article he wrote. At first I was hesitant. Most of our posts at Wealth and Wisdom are focused on self help and entrepreneurship. The more I considered, the more I realized filled in an area that I don’t spend much time on….personal […] ...

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Gratitude

Gratitude is at the core of all success. Yes, you need to have a vision of what you want, but unless you are grateful for what you already have, you will never achieve your goals. This is mainly because of three things: If you are not grateful for what you already have, why would anyone […] ...

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Learn to Think for Yourself

Most people don’t know how to think for themselves. As as result, the masses are easily swayed. Oh, they think they know how to think, but in reality most people are just repackaging existing ideas that other people created. This isn’t always bad, but if the source isn’t good, then your thoughts aren’t good. In […] ...

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Thank God I’m Homeless

Ok, maybe the title is a bit misleading. My family isn’t living in a van down by the river. We aren’t living in a cardboard box. No crashing on a friend’s couch for a few weeks or moving back in with Mom and Dad. We rented a nice apartment just down the street. Over the last year or two we became concerned with the real estate market in Houston. We saw that ~20% of our neighbors were in financial trouble and that we would have several foreclosures on our street. Our desire to relocate just added fuel to the fire. If the market crashed we were screwed. There would be no way to move without taking a significant hit when selling our house, assuming that we could sell it at all! Taking the fear out of a scary decision Going ag...

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Get out of the way

It is not easy to say, but sometimes I’m my own worst enemy. I insert myself into every crevice of our business and insist on doing it myself. While I’m pretty competent, I am definitely not fast. Also, since I can’t do everything at once, I often become a barrier to my own success. Part […] ...

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Priorities and Excuses

Several months ago we did some soul searching. We looked at our business activities, the results we were achieving, and what direction we want to move. Most were moving in the right direction needing just a few minor modifications. Wealth and Wisdom was a different story. We started Wealth and Wisdom as a site to […] ...

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A look back at 2009

When we get buried in the day to day, we often forget what we’ve accomplished and learned. It can seem like we are standing still, especially when you haven’t achieved one or more of you major goals. This is one reason why it is so important to do periodic reviews. It’s also one of the magical things about heading into New Years, as this holiday tends to make us think back over our previous year and forward to the next. Looking back, 2009 has been a roller coaster * New government which has created a ton of strife. New regulations and laws looming that will change the face of this country (I’ll leave it to you to decide if it’s for better or for worse!) * The economy degraded even further, and any recov...

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Autoresponder dilemma

The other day my wife and I were going through our business expenses. While this is a regular activity, this time we were challenging assumptions and looking for creative ways to cut costs while maintaining (or improving) our level of service. One area that came up was our monthly payments to Aweber. When we first started out it seemed like an easy way to get started. One month for free. Only $20 per month until you really got things going. And compared to the other options we looked at it was a bargain. Heck, theautoresponders we looked at ranged from $497 to $1500. Ouch! We looked to the “gurus” for advice, and the consistent answer we saw was “go with Aweber.” Let’s see…it’s cheaper, it’s e...

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