Day 1: Personal Finance Course - Setting Your Financial Goals

Five Day Personal Finance Course FREE

Copyright Bradipo

I have been thinking of writing a series and I am glad I was finally able to set aside some time to do this.

The reason I wanted to do this is that in my search for personal finance knowledge, I seldom come across a step by step guide. Most of the time, what I read are advice and tips to follows. Advice like be frugal, don’t buy this and that. While helpful, these advice were not able to help me out.

After pouring myself reading books and blogs, I decided to write about the steps that I have taken based on the learning I picked up.

Why five days? Because personal finance bores most people (even me at times). I thought if you read five posts in my blog everyday and do the tasks for the day, somehow, you will be able to learn and apply it .

So if you know anyone who might find the series of posts useful, let them know by sharing the link to mysite. Also, if you haven’t subscribed to my posts yet, I suggest you do so you do not miss out posts.

Alright, after so much introduction, I welcome you to Day 1 of Personal Finance Course. Over the next five days, I will be posting topics that will help you get started managing your finances.

Before we start some key rules
1.     Do the tasks!
2.     Do the tasks!
3.     Do the tasks!

Yes. Three simple rules.

Just don’t go reading the posts but I expect you to grab some pen and paper or use Microsoft Excel, or Microsoft Word. If you want, you can even blog it. If you have a planner or a notebook, use that so you can always go back to your answers to the tasks and review them. You can also print the financial goals worksheet available here.

First Step: Goal Setting

Do you want to be rich? Really? How much do you need for you to say you are already rich? P10M, P20M or P30M or more than that?

Tell me a ballpark figure.

And when you have that money, what are you going to do? You are going to buy a house? What house? Where? How much? How many bedrooms? How many garage?

Oh you also want a car? How many? What make? What color? How much do you need to get them?

You see, it is not enough to say you want to be rich. Rich is a word that has different meaning to everyone. One will define it as owning this and that and another will define it differently. So if you want to be rich, please define it by setting specific and doable goals.

How to Set Goals

1.  Identify your financial goals
2.  Estimate the cost and Set a Target Date
3.  Determine how much you need to save

Setting goals is the first step in turning the invisible into the visible - Tony Robbins, author of Awaken the Giant Within

Copyright AG Gilmore

Identify your financial goals

For this particular step, let your imagination run wild.
If you say you want to be rich, then this is the time to create your own and specific definition of what rich is. If owning two cars is being rich with you then write it down. Own two cars. If having a house in Forbes Park is your dream, then write it down. Own a house in Forbes.

Whatever it is you want to have, write it down.

If you are hindered by the thought at the back of your head saying these goals will never be accomplished, ignore that voice for now. Really. Ignore that voice and dream big.

 Estimate the cost and set a target date

Now, go back to your list and put some monetary value to that dream.

An example, for me, one of my dream is to visit Paris in 2025. A trip today will cost me around P100,000 per person. I am planning to bring my wife so that is roughly P200,000.

Determine how much you need to save

In 2012, the published average inflation rate was 3.2%. Well, this is really low but using this number as basis, then by 2025 I will need the amount of P200,000 inflation rate adjusted.

Present Amount: P200,000

Interest Rate: 3.2% (I am assuming this as the required rate based on the assumption that prices of tickets, hotel will increase by 3.2%)

Number of Periods  =  12 years. (Estimate)

Then I computed for the future value using this website 

Future Value I will need would be P291,867.92.

So why do we have to go the trouble of estimating the cost and setting the target date? Because this will help us identify how much to save and where to put our money.

In my example, since my plan is to visit Paris in 2025 and not now, then my goal should be to save money regularly so that I will have the amount of P291,867 by 2025.

If I already have P200,000 now, do I still need to place my money somewhere? Yes. Because if I just leave my money in a savings account or just hold the money, by the time I need it in 2025, I only have P200,000 and will still have to shell out additional P91,867.

Can I just go now? In theory I can because I have the budget but spending that amount is something I considered luxurious with the current income that I have and the current expenses that I pay. I have set a longer timeline because I know by that time, I am earning more and my kids are grown up by that time that I and my wife can leave them with my parents without really worrying that much.

The key thing here is know your goals then set aside money and place it in an instrument that will give you the expected amount by the time you need it.

If you need the money five years from now, then go save your money in a five year instrument.

If you need the money three months from now, then do not put in instruments such as bonds and stocks. Put them in short term instrument such as savings deposit or time deposit.

Quick Summary

1.  Identify your financial goals
2.  Estimate the cost and Set a Target Date
3.  Determine how much you need to save

That's it for today. 

Tomorrow, will talk about net worth. 

If you have not subscribed yet, do sign-up above or bookmark this page. Also, if you know someone who might need to do this, send him/her the link. Better yet, make him a partner as you do the tasks. This way you will be accountable to someone. You can help each other.

Till then

One Minute Entrepreneur

You can get what you want in life if you help others get what they want.

If nobody will pay you to do what you love, you have a hobby, not a career.

Too many people dream too small. Remember, you’ll never achieve more than you think you can. So create a big dream.

via Leticia Bertin

Today’s post is about five lessons I learned from the book The One Minute Entrepreneur: The Secret to Creating and Sustaining a Successful Business authored by Ken Blanchard and Don Hutson. I got the book for P100 in one of National’s booksale. It is originally priced at P845 so I really got a bargain.

The book is an easy read. True to its title, it will really take a few or more minutes to complete a chapter. The learnings are presented thru the story of a couple who started their own business.

Takeaways

Associate with people you admire and can learn from

If you learn something, learn it from someone who already did it. One with experience doing what it is you wanted to do. That is the quickest way to learn.

Don’t stress yourself trying to learn things on your own. Ask someone who knows about it.

You can get what you want in life if you help others get what they want

This is the same lesson I got reading the book “How to Win Friends and Influence People” which I have written here. Two different books with the same message. Coincidence? I don’t know but it must be working.

If nobody will pay you to do what you love, you have a hobby, not a career

This is the second time I encountered this phrase. I heard it first from one of the podcasts my wife was listening to and I absolutely agree to this statement.

Mentors will always tell me “do what you love and you never have to work for the rest of your life”. Well, that is not entirely true. These mentors missed the part that people should pay you for doing that thing that you love to do.

If people won’t then it is time to look and reassess the things you love to do and do whatever it is the people will pay you. You will lead yourself to bankruptcy if you do not earn doing that thing you love to do.

Keep a notebook of the wisdom you read, hear and learn and distill that learning into One Minute Insights

This I am now doing. I don’t do this before and I realized that having a journal where I write all the learnings help me remember them and go back whenever necessary.

Same thing with quotes. There are quotes that really helped me turn my emotional state of mind from being pessimistic to optimistic just by rereading the quotes. I also took a further step and printed those that really motivates me. I have some in my bedroom and work station. Whenever occasion calls for it, I read them aloud just to remind myself what I need to do.

Too many people dream too small. Remember, you’ll never achieve more than you think you can. So create a big dream.

This is a never ending goal for me.

When I was a kid, it is so easy for me to do pretend play. Let my imagination run wild and think of things that might not physically exist yet. However, as I grow older, that skill disappeared.

So now, every once in a while, I do what I have read from the Personal Excellence blog. If I can do anything (no ifs, no buts) what will I do?

Success lives in the effort, in the experience, in the learning, in the growing, not in the rewards

P.S. One of my goals for 2013 is to complete reading twelve books. Minimum. If you haven't read the other posts, sharing the links below

1. The Happiness Project
2. The Secrets of the Millionaire Mind
3. The Winning Attitude
4. How to Work a Room
5. The Coffee House Investor
6. Eat That Frog!
7. Awaken the Giant Within
8. Fish! Omnibus
9. How to Win Friends and Influence People 
10. The Milionaire Next Door

Summary

• Associated with people you admire and can learn from
• You can get what you want if you help others get what they want
• If nobody will pay you to do what you love, you have a hobby, not a career
• Keep a notebook of wisdom you hear, read and learn
• Dream Big

Ten Rules Rich Parents Should Follow for their Kids' Sake

Quick Summary

1. Never tell children that their parents are wealthy
2. No matter how wealthy you are, teach your children discipline and frugality
3. Assure that your children won't realize you're rich until after they have established a mature, disciplined and adult lifestyle and profession
4. Minimize discussions of the items that each child and grandchild will inherit or receive as gifts
5. Never give cash or other significant gifts to your adult children as part of a negotiation strategy
6. Stay out of your adult children's family matters
7. Don't try to compete with your children
8. Always remember that your children are individuals
9. Emphasize your children's achievements, no matter how small, not their or your symbol of success.
10. Tell your children that there are a lot of things more valuable than money

Hey, what's up?

A few more months before the end of the year. How are you with your goals? Almost done with it or barely there? Well, whatever it is you are aspiring for, I know you can do it. As for me, i am done with my tenth book! 

If this is your first time here, one of my goals for 2013 is to read twelve books. The books that i have completed so far 

1. The Happiness Project
2. The Secrets of the Millionaire Mind
3. The Winning Attitude
4. How to Work a Room
5. The Coffee House Investor
6. Eat That Frog!
7. Awaken the Giant Within
8. Fish! Omnibus
9. How to Win Friends and Influence People 

The Millionaire Next Door

And that my friends is my tenth book. This book was recommended by Mr. Randell during the Personal Finance for the Self-Employed seminar that I and my wife attended.

The Millionaire Next Door book has a section on what parents should do and should not do. That is the summary you see above. That section got me interested because I wear two hats. I am the third son of my parents and I myself is a father to two young boys.

Key Points

Never tell children that their parents are wealthy

Why? Because if you are rich, you know that getting rich is a result of hard work and a lot of self-discipline. Rich people live a frugal live. You will not be there if hard work was absent or discipline is not there. The downside, however, is the mindset that "I will never let my children experience what I have experienced". 

That my friend is setting your kid for failure. Why do you think you are successful right now? Discipline and character isn't it? Then be a good parent and make sure you don't let your children grow up without learning the same values and principles that your parents successfully implanted in you.

No matter how wealthy you are, teach your children discipline and frugality

Don't try to compete with your children (or compete with your parents)

Each to his own. Never go expect your kid to have the same achievements that you had. Don't go "when I was at your age..."  Let your children discover and create their own success stories. Just be supportive.

Also, if you are better off than with your parents, don't be boastful as well. Never disrespect your parents. If you feel that your parents has lesser dreams than yours, you are exactly one of their dreams. If you have hang-ups that your parents were not able to buy you nice things or send you to a better school... that you will never let your kids experience that... Please do it in such a way that will not disrespect your parents. 

Remember, if you are able to let your kids experience things your parents failed to let you experience, it is only because your parents did their best so that you will be able to exactly do that. Give your kids what they failed to give you. 

Emphasize your children's achievements, no matter how small, not their or your symbol of success.

Tell your children that there are a lot of things more valuable than money

Lastly, while money is important to buy the things we need and want in life, there is more to life than money. There is friendship, being loved, helping others and making the world a better place to live in.

Thoughts

What do you think? If you are to write important rules to live by for a parent, what would they be? Let me know.

Also, if you like this post, share away and don't forget to subscribe so you don't miss any post.

Cheers!

The Book That You Should Be Reading

Hi There!

I hope you are doing well!

Today's post is the ninth post and completes the book for the month of September. This month's book is a book published in 1936 titled "How to Win Friends and Influence People".  If you are new here, sharing the links below for this series

1.       The Happiness Project
2.       The Secrets of the Millionaire Mind
3.       The Winning Attitude
4.       How to Work a Room
5.       The Coffee House Investor
6.       Eat That Frog!
7.       Awaken the Giant Within
8.       Fish! Omnibus

How to Win Friends and Influence People

This is the best book i have read so far for the year and I highly recommend it.

Back when I was ten or eleven and started being engrossed reading back issues of "Reader's Digest" that my mom keeps, i recall seeing this book. I never bothered reading it and never saw the copy of the book again. Who would have thought that I will be reading it years later.

So who should read the book? I recommend it to people who want others get the things done. Those who work with other department and frustrated how other people "seem so stupid" and take days to do something that can be done in an hour.

I would not be posting my take and key points I picked up from the book. Instead, i am sharing summaries from the book itself.


* Eight Things that the Book Will Help You
* Three Fundamental Techniques in Handling People
* Six Ways to Make People Like You
* Twelve Ways to Win People To Your Way of Thinking
* Nine Ways How to Change People Without Giving Offense or Arousing Resentment

 Eight Things This Book Will Help You

1. Get out of a mental rut, think new thoughts, acquire new visions, discover new ambitions
2. Make friends quickly and easily
3. Increase your popularity
4. Win people to your way of thinking
5. Increase your influence, your prestige, your ability to get things done
6. Handle complaints, avoid arguments, keep your human contacts smooth and pleasant
7. Become a better speaker, a more entertaining conversationalist
8. Arouse enthusiasm among your associates

 Three Fundamental Techniques in Handling People

If you want to gather honey, don't kick over the beehive.

1. Don't criticize, condemn or complain
2. Give honest and sincere appreciation
3. Arouse in the other person an eager want

Six Ways to Make People Like You

1. Become genuinely interested in other people
2. Smile
3. Remember that a person's name is to that person the sweetest and most important sound in any language
4. Be a good listener. Encourage others to talk about themselves
5. Talk in terms of the other person's interests
6. Make the other person feel important and do it sincerely

How to win People to Your Way of Thinking

1. The only way to get the best of an argument is to avoid it
2. Show respect for the other person's opinions. Never say "you're wrong"
3. If you are wrong, admit it quickly and emphatically
4. Begin in a friendly way
5. Get the other person saying "yes, yes" immediately
6. Let the other person do a great deal of the talking
7. Let the other person feel that the idea is his or hers
8. Try honestly to see things from the other person's point of view
9. Be sympathetic with the other person's ideas and desires
10. Appeal to the nobler motives
11. Dramatize your ideas
12. Throw down a challenge

Be a Leader: How to Change People Without Giving Offense or Arousing Resentment

1. Begin with praise and honest appreciation
2. Call attention to people's mistake indirectly
3. Talk about your own mistakes before criticizing the other person
4. Ask questions instead of giving direct orders
5. Let the other person save face
6. Praise the slightest improvement and praise every improvement. Be "hearty" in your approbation and lavish in your praise.
7. Give the other person a fine reputation to live up to
8. Use encouragement. Make the fault seem easy to correct
9. Make the other person happy about doing the thing you suggest

Round-Up

I am getting a lot of topics to write about reading the book but it seems unfair if I post a series just for one book. It is really worth reading. Read it and let me know your thoughts. Ok. Till the next post.

By the way, if you like this post, why not try subscribing in the button above. You like receiving FREE Articles don't you?

Thinking About Others

September is the annual National Book Store sale and my wife bought some books for the kiddo. I was reading it yesterday and wanted to share a very interesting story from Korea.

The Story of Ru Shou

The story is about Ru Shou. He’s an average guy living and supporting his mom. Day in day out, he works hard. One day, he took a pause and asked himself “I work hard everyday but why am I still poor?” (This is the same question I asked myself from time to time).
With that question, he decided to leave his home and ask the god of west why he remains poor despite his consistent effort to work hard.

On his way, he passed by a house. In it lived a daughter and mother. The mother invited Ru Shou inside the house for a meal. Ru Shou told her his plan of asking the god of west. The mother said “I also want to ask him a question but too busy to go there myself. Can you ask when will my daughter speak? She’s already 18 years of age but has not spoken a single worth since birth.

Ru Shou went on in his journey and he passed another house. The man invited him to take a break. Ru Shou told him about his plan of meeting the god of west and asking him why he remains poor in spite of all the hard work that he puts in. The man said “I also want to ask him a question but too busy to go there myself. Can you ask him why the huge orange tree in my backyard does not bear fruit?” Ru Shou said yes to the man and continued on his journey.

Ru Shou reached the mountain where the god of west resides but there’s a river in front of him that he needs to cross. Out of nowhere a dragon appeared and approached him. “Do not be afraid. I will not harm you”, the dragon said. Ru Shou told the dragon that he wants to meet the god of the west and ask him some questions. The dragon replied “I also want to ask him a question but too busy guarding the river to ask him myself. Can you ask him what I should do to reach the heavens?” Ru Shou said yes to the dragon and the dragon helped him cross the river.

Finally, Ru Shou met the god of the west. Weird as it may seem, the god of west told Ru Shou “I can only answer odd number of questions. You can ask three but not four. You may ask five but not six? Ru Shou was surprised by this request especially that he have fours questions to ask. He then decided to ask the god about the questions by the mother, the man and the dragon. He thought that since he is young, he can always go back and ask the god his question. The god answered the three questions and Ru Shou proceeded to go home.
He first met the dragon and told the dragon the answer to his question. “The god says you must help me cross the river back and you have to let go of the pearl you have in your head in order for you to reach the heavens. The dragon helped him cross the river and threw the pearl to Ru Shou’s arms. True enough, the dragon was able to fly high and reach the heavens.

On his way back. Ru Shou met the man and told him “The god of west says you need to dig around the tree and remove the 7 jars of gold”. The man did as he was told and like magic, the big orange tree was filled with fruits. The man was ecstatic and happy he gave one of the jars of gold to Ru Shou.

Ru Shou continued his journey way back and told the mother “The god of west says your daughter will speak once she sees the man that he will marry”. The daughter then went out of the room and saw Ru Shou. She finally was able to speak. The mother was happy and she agreed giving her daughter’s hand to Ru Shou.

Ru Shou went back to his home with a huge pearl, a jar of gold and a new wife. With all the riches he got from his journey, he does not need to go back and ask why he is poor because he is no longer a poor man.

My thoughts

I wanted to share the story because this is the same message I am getting from my September book “How to Win Friends and Influence People”. If you want to get whatever you aspire for, you must help others first to get what they aspire for. It is always about helping others before helping oneself. And it also reminds me about the quote in the bible saying about those who put themselves first will be the last and the last will be the first.

I am also amazed because my marketing professor always shares the quote “it is the customer stupid! Or the customer is king!” He wanted to emphasize that in all business or activity that we do, we should always think of the need of the customer rather than what we want to provide or deliver. We might be clouded on what we want to provide forgetting what the customer really needed.

So there, I was just so amazed that the idea is in a folk story, in a book written at the start of the 19th century, in the bible and same concept taught by my professor. Maybe this is the perfect time to consider this in all that I do.

Hey, i know this is out of the regular posts that I do but if you liked this, do subscribe above so you get updates from me. Don't worry. No spam.



Matthew 20:16
"So the last will be first, and the first will be last."

Personal Finance for the Self-Employed: Brighter Life Finance PlanningSeries

Financial Planning Series by Coffee Bean and Tea Leaf together with Sunlife Financial

Next sessions are scheduled as follows

September 12 - Money & Career 

7 pm - 9 pm, Coffee Bean & Tea Leaf Burgos Circle 

September 21 - Money Matter for Mommies

10 am - 12 nn, Coffee Bean & Tea Leaf Net Lima

September 28 - Marriage & Money 

10 am - 12 nn, Coffee Bean & Tea Leaf Net Lima 

All sessions are held in Bonifacio Global City, Taguig.  You can register for this FREE Seminar via brighterlife.eventbrite.com

Personal Finance for the Self-Employed

I am an advocate of personal finance because I believe that we need all the help that we can get about managing our money. Just as we were helped and taught how to earn money, it is also fitting that we get help and learn how to manage our money.

If you are not convinced then asked yourself this question: between keeping and earning money, which one is easier? Earning requires you work for someone else and that someone will pay you. Action from two individual is involved. Keeping money requires action only from you. Boom!

Keeping money is easier than earning it right? Yes or Yes?

So just like you, I am still learning about personal finance. Pouring myself on books and blogs. When I received an email from Coffee Bean and Tea Leaf about a free personal finance seminar, I immediately signed up. I also forced my wife to sign-up. Only after signing up did I realize that seminar title is “Personal Finance for the Self-Employed”

Too late to back down!

While being self-employed is one of my future goals, I am someone who will not fall under that category just yet. I just made a mental note to pretend to be self-employed in case someone asks during the seminar. I pictured attending a seminar with rich business owners with only me and wife there who are employees.

The Seminar

We live near Bonifacio Global City so we got in the venue thirty minutes before the scheduled seminar. The location of Coffee Bean and Tea Leaf 26th Bistro is easy to find and a parking lot is just across the cafe. Upon entering, we got ourselves registered and chose a table with a good view of the projector.

I was planning to order a brewed coffee and a bagel while waiting for the seminar to start when one of the ushers told me that they are serving breakfast. I was not really hungry that time but who says no to a free breakfast. (Side Note: At that point, I was worried that the sponsor might do a hard selling at the end of the seminar but I was glad they didn’t. We attended a hotel opening in Boracay before with a free lunch but the organizers were rude. They made a hard sell leaving us disgusted with the brand Astoria until now. I cringe just hearing the name.)

Going back to the seminar, it was a really good experience hearing from Mr. Randell Tiongson himself. I knew him on his blog and I occasionally see people I am following in twitter tweet about him. He is one of the directors of the Registered Financial Planner Institute Philippines and a strong advocate of financial education for OFWs.

He is a good speaker peppering his speech with jokes, stories and anecdotes. He made the topic very interesting though in reality personal finance is really a boring topic. My wife already made a post in her blog about her take in the seminar which you may want to read here

My TakeAways

Applying Knowledge

“Most people say they know about personal finance but if you take a look at their bank account, it says otherwise” This statement hit a nerve. I am totally guilty. This hurt since I am an accountant. I encountered budgeting way back in college and dealt with it extensively in the first few years of my ten year career. Sadly though, while I have my personal budget, reviewing it regularly and acting upon unnecessary expenses is an activity I usually miss.

Money and Life

“Money is not important in life. However, important things are life requires money”

How does this statement come across to you? For me it is a reminder to balance everything out. We all work in order to provide for our family. We need money to bring food to the dining table, send kids to school and shelter. However, we should always remind ourselves that our family also needs us. We should not let our family define us as provider and only that. We are more than that.

This reminds me of a quote from the book “The Secret of Millionaire’s Mind by T. Harv Eker “Money is extremely important in the areas in which it works and extremely unimportant in the areas in which it doesn’t.

Free Gift Certificates!

Hahaha. I now appear as a cheapskate but we were also given P100 gift certificate. Free breakfast, free coffee, free seminar and free gift certificate, how can I say something wrong about the seminar? There’s really none and the people from Sunlife did not hold people for a sales talk after the seminar. While I and my wife stayed a little bit because we wanted to ask about variable life insurance, some other guests left immediately after the seminar.


Now, if you have the time, I suggest you sign-up in one of their seminars. You will learn a lot. If you don’t have the time, then I suggest go check Sunlife’s Brighter Life website. It is fun learning and reading. Lastly, I especially liked one of their video ads. I felt like it was custom made just for my wife



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Sharing some pics during the seminar

What's in it for me?

Hi! How are you doing?

I've been busy lately helping my wife get our household compliant with the Kasambahay Law. Funny thing because i was a compliance officer before. I spend my day reviewing people activities and i am that person who points out that a department is non-compliant with a policy or a regulation. I was that guy who tells you that you need to comply. Now, my wife is the compliance officer in the house and she tells me we need to get this done for us (the household) to be compliant.

Really weird to be that someone who has to take action to be compliant. I am used to be on the other side of the coin. Someone who informs people about non-compliance rather being that someone who is taking action to be compliant.

Nevertheless, this is a good feeling. To take action. Taking action always bring good feelings.

Anyhow, do drop by at my wife's blog here if you want to learn more about the Kasamabahay Law and how to get your household compliant.

Book Series

Next is the book series. One of my goals for the year is to complete reading 12 books. I am on track. (Thankfully!) I am reposting the links below in case you want to read my posts before buying the books and reading them yourself.

1.       The Happiness Project

2.       The Secrets of the Millionaire Mind

3.       The Winning Attitude

4.       How to Work a Room

5.       The Coffee House Investor

6.       Eat That Frog!

7.       Awaken the Giant Within

8.       Fish! Omnibus

Going back to the Kasambahay law, my wife has been pushing me to be compliant. She’s been telling me about the Kasambahay law in more detail. Before, the only thing I knew about it was employers have to pay and contribute SSS, PhilHealth and PAG-IBIG to our househelp. Other than that, I know nothing else.

She’s becoming like my mom. Even before the kasambahay law was passed into a bill, my mom has been telling me to enroll our househelps in all of these government institutions. She even volunteered to pay for the contributions like what she is doing for my sister’s kasambahay. Sadly though, I never found time to help them register until recently.

I acted not because my wife nor my mother nagged told me but more so because I got to understand the importance of being compliant and helping the people who help maintain my family.

Since lianne and I both work, my family will not really progressed without our kasambahays. They take care of our kids while we are away and maintain the cleanliness of our house. Sure, they are being paid for that but they are both responsible and show genuine interest in the well-being of our kids. These two are something not included in the monetary benefit that they are getting.

Going back to taking action, my wife got me to act on it not because she wants it done but because she was able to phrase the need to act using my point of view.

And that is one of the few pointers I got from reading the book “How to win Friends and Influence People”.  All of us are interested in our own individual desires. Admit it or not but most people will act if the action will give them what they desire.  

“What’s in it for me?” will be the ever present question for everyone before someone will act on something. And that’s how you will influence people. Talk them in their point of view.

This pointer is very relevant to me being an auditor and being one of the change agents in the company. Most of the time, I talk to people about gaps or errors in the processes that requires them to do something about it. I realized that I am most effective when I share my findings and observations to them by telling them what’s in it for them if they do what I am suggesting them they do.

And that’s my quick post about my book for the month of September. I am about quarter done with the book and I am loving all the reminders and the nuggets of wisdom I am picking.

 How about you? What are you doing this month of September? Whatever it is, just do it and don’t tell me that “Wake me up when September ends” quote that’s been trending since the beginning of the month.