It is not what you make, but how much you keep – “Wealth Building 101”

Article by Jamie D. Grant

Are you tired of working long hours, and sacrificing to have nothing to show for it? If you do not have a plan for your money, someone else will. Wealth building is not a fast process. In order to have and keep wealth you must understand the process of building wealth. Wealth is the value of assets, either physical or intellectual, that can be passed on through your generations. I was at the barbershop, Fair Deal’s, on E Berry in the late 80’s. One of the barbers said to a customer, “you have been working for 25 years, and you have nothing to show for it, but a broken up old body.” The customer laughed as he walked out the door. I knew him through the neighborhood, and knew over the last 25 years he had bought 10 homes and numerous vacant lots all over the city. No one knew he had accumulated wealth until after he died. The biggest tragedy was he never taught his four children the process of wealth building. The children sold it all upon his death. Sound familiar? This is why wealth is intellectual as well as physical. We all know or have heard of stories such as this. This is why I am creating THE BLUE PRINT to Wealth Building. Not just African American families, but other Americans as well, have a history of wealth building through business and land ownership, and intellectual capital. It is time for it to become a way of life again, through sharing ideas and sharing resources and taking action on our dreams. Living it every day out loud.BLUE PRINT of Wealth Building: Phase 1HAVE A PASSION THAT IS WORTH YOUR BEST EFFORTS Have no fear when it comes to realizing your dreams. Whatever you dream is, it can become reality faster than you think. Once you come to grips with the fact that it is your dream, and not anyone else’s (i.e.: your dream killers) it will come faster. 1) Decide to do it, 2) Plan how to get there, 3) Take Action on your plan, 4) Stay Focused. You may say I make it sound too easy. It is not! You have to believe in you, and give it your best efforts every day. LIVE IT through YOUR everyday life; not by watching others live your dreams. IDENTIFY WHAT HANDS ARE CATCHING YOUR MONEY BEFORE IT HITS YOUR POCKETS In order for you to build physical wealth you have to know who or what is taking it away. Some of the hands we can’t avoid such as cost of food, the mortgage, taxes, and health care costs. You have at least three hands reaching at your money. Identify the hands and prioritize them according to your dream.Hand 1- Wealth Building – The money that goes into investing in your dream. Investing in your saving accounts, retirement plan, real estate, higher education, or small business.Hand 2- Responsibilities – Anything that can go on your credit report if not paid. Children do not go on your credit, but they are a privilege and a responsibility. Mortgages, rent, car payments, cell phone bills, child support are responsibilities you must pay.Hand 3- Wants – Are the icing on the cake. The vacations, the cars, and clothes are great. Life is short, so live it and enjoy it. But do not make your wants your number priority. There is nothing like a well-dressed, but broke person.INVEST INTO WHAT YOU UNDERSTAND AND WHAT YOU CAN COMMITT TO Do your research on any investment you put your money in to. Investments are more than stocks and mutual funds. Going back to school is an investment. The background research you do will make you more confident of your choices. Believe me any person making an investment presentation will be ready for you and your questions. The best investments are the ones you understand. Consider these tips as rules of thumb before investing your money. Know how the investment makes moneyKnow how you make moneyKnow your exit strategy (cost, time restraints)Know how much it will cost you Know the history of performance, lawsuits, etc.Know your decision to commit to this for the full time frame required to see growthIn the following weeks I will continue adding to the BLUE PRINT of Wealth Building. This approach may or may not work for you. Explore your options and start the dialogue of wealth building. You may be amazed of what will happen once you make it a priority.Market Blurb

One of the most common questions I hear is: “what do you think about the market?” “Or what is a good investment now?” Here is your answer:

Like a perfectionist that is never satisfied, when presented with some of the best fundamental data in years, the market chooses to find faults and be picky. Not that there aren’t a number of things to be critical of, including the situation in Greece, lack of job growth, high budget deficits, and slowing loan growth in China. These are all reminders that risks to the economy and earnings still exist. Expect volatility, much like what has been experienced already this year. Volatility will continue as the economy and markets transition from a stimulus-driven recovery to an environment of self-sustaining growth.Also, there are two very different ways of considering risk: opportunity or danger. Some would argue the latter is far more likely than the former at these levels in the market and at this stage of the market recovery. With a little patience, the commitment to a well thought out investment plan and a willingness to follow Warren Buffet’s sage advice “be greedy when others are fearful, and fearful when others are greedy,” could result in turning the tone of this market pullback from danger to opportunity.

Please feel free to contact me with questions, comments or to schedule a meeting to discuss your retirement and investment concerns. I can be reached at 817.900.8455 or Jamie@grantwealthgroup.com. Visit our website:http://www.grantwealthgroup.com

Live Your Dream!

JDG

Jamie D. Grant Wealth Management Group, LLC

1250 E. Copeland Road Suite. 540

Arlington, Texas. 76011

Phone 817.900.8455

Fax 817.900.8456

jamie@grantwealthgroup.com

This research material has been prepared by LPL Financial. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, consult me prior to investing. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and cannot be invested into directly.

Member FINRA/SIPCCopyright 2008 – LPL Financial. All Rights ReservedSecurities offered through LPL Financial, Member FINRA/SIP

About the Author

Jamie enjoys hunting, traveling, snowboarding and spending time with family. Jamie serves on the Fort Worth Metropolitan Black Chamber of Commerce Board of Directors, the city of Fort Worth Pension Committee and has served on the North Texas Commission. In 2002, the Fort Worth Star Telegram selected Jamie as one of the forty under 40 people to watch. He is a 2009 graduate of Leadership Fort Worth.http://www.grantwealthgroup.com

Coaching and personal development – simply getting much, much, more out of your life, sooner than you thought possible.

Article by Linus Xavier

We are all well aware of coaches working in sport but what exactly do they do and what is coaching outside of sport? Well the answer is that coaching is the action of improving personal knowledge and development and growth in any area. Just as with the sports coach there is a close alliance between coach and client that is dedicated to the outcomes of the client. Coaching enables individuals to look at their lives in the whole taking into account all areas of a persons’ life and reconsidering the goals, activity and direction in each area as well as the balance between competing demands. The main reason why people turn to coaches simply is to get more out of life, whether this is in terms of relationships, career, health, sport, well being, spirituality, learning, life-style, or creativity. Typically people turn to coaches when they are no longer getting the results that they are seeking. This point can be a crisis, period of transition, or it can even be a frustration in a particular aspect of personal performance. Many people, however, are now aware of the benefits of coaching and are realising that they can get more out of any aspect of their lives through working with a coach well before aspects of their lives begin to become problematic.A keen equestrian has a fall and looses confidence and works with a coach to rebuild her confidence. Realising the changes, she continues to develop her understanding of her work life values and relationships and makes changes in her life and work as a result.A highly successful businessman works with a coach to improve his golf game – realises the approaches are applicable to his business life and continues to develop his goals and motivation together with a breakthrough session to remove limiting beliefs which he found holding him back. His target – to double his business in twelve months. He takes an NLP Practitioner Course and develops a new range of approaches to working with himself and with others clearly confident in doubling his income which he does.A teacher takes a distance learning coaching course to work with students better, realises he has no life goals or targets himself and sets about transforming his life, doubles his salary, gets a new house and eventually lets go of old beliefs and values and embarks on a totally new career and life-style.Coaching is about personal transformation and growth. It teaches us that we have options in every aspect of our lives. It shows us why we live within frameworks of values, beliefs, behaviours, and habits and it gives us choice in every area.So why do so may people spend so much time and money on self help books with such limited impact? The reason is simple. When you are learning about your own mind, it’s far more effective to work with another, more skilled mind to get the changes you want. Coaches compel to action simply through natural human interaction. They challenge with skillful questions at the right time. They provoke within a context of rapport to challenge beliefs and values. They enlighten with a range of approaches and techniques to reveal to the client representations of the clients own experience which they simply were not aware of. Coaches work within what they call a framework of ecology. What this means is that they consider all the consequences of any course of action for a client. Yes a client could double his or her income but if this had a negative impact on their health or relationships the coach can easily lead the client to a deep understanding of all the consequences of their action so that they can adjust behaviour accordingly.The Coaching ProcessThe coaching process is focussed on you. It begins with a detailed personal history which is much more than it sounds. It’s not just a detailed personal history in terms of your upbringing relationships, career etc. It will start your internal unconscious processes working to re-evaluate your values and aspirations before any formal work begins.You may complete an audit and review of your current context and then choose an area to work on.BreakthroughThe coach then begins an intensive programme called a breakthrough process which elicits and ranks your core values in a chosen area of your life – typically these are broad contexts such as Relationships, Career, Wealth, Health, and can also focus on personal contexts such as creativity, spirituality, and sporting interests.Addressing limiting beliefs, behaviours and valuesIn order to be able to move forward in your life the coach works with you to identify the limits which your pervious learning, experience and upbringing may be placing on you. Having identified these the coach will use specific techniques which will then give you choice over whether to modify these or not. Learning that you have choice over these aspects of you make up is a tremendously liberating experience – hence the breakthrough tag on the process.Creating a new pattern to live toWe all work and life to our own internal patterns, goals and aspirations. We do this whether we acknowledge this or not. These patterns shape our daily and lifelong behaviour. Becoming aware of the programmes we operate by through working with a skilled professional coach and giving ourselves choice over these is the key point of the whole coaching process.Working with your coach, using specific techniques, the coach will assist you in the development of a revised personal conceptualisation – plan – vision – sense of – schema – of your present and future life. The imprinting events which shape our lives for decades are acquired really quickly and can be revised just a quickly. In fact, when we realise where our imprinting events are we can be shocked at how casually we adopt these and the lasting impact they have on us long, long after they were relevant or served our personal needs.The coach knows how to develop your new internal aspirations and programmes with you so that they impact on your daily beliefs and behaviours and then works with you to achieve this.Follow upThis is the followed up by a process of clean up of any further limiting beliefs, less helpful behaviours or sustaining new changes.Ideally you will now have a very detailed written description of your future in every respect. The writing process is important to pattern unconscious learning into conscious thought – this directs the attention of the unconscious mind which then automatically matches actions, thoughts, opportunity taking to meet the new programmes you are working towards.Choosing a coachThere are no standard qualifications which coaches have to have but there are some standards which will give you a great deal of security in choosing someone to work with. You will see many coaching courses available however these may not give the coach the full range of skills needed. The main ones to check for, are that they have an advanced qualification in Neuro Linguistic Programming. You should know that there are three of four levels of qualification:NLP Diploma A Three or Four day Qualification which is an introduction. If you are interested in your own personal development then this would be a good place for you to start with yourself. There are though, far too any people operating as coaches with only a Diploma or Certificate in NLP.NLP Practitioner This is a qualification which take between seven to sixteen days to achieve and is the minimum standard you should work with. They will have a good grounding in the techniques and approaches needed to coach you. They might also have additional coaching qualifications but these are generally focussed on goal setting and low level rational processes which are limited in effectiveness without the Practitioner Certification. You will see Coaches with NLP Coaching Certification as well -such coaches are well prepared to support you in your development.NLP Master Practitioner This is the ideal training needed to coach you. Master Practitioners are able to work with values, beliefs, behaviours, limiting beliefs, early patterning issues and even significant trauma. Ideally they will have additional certification in Hypnotherapy and Cognitive Behavioural Therapy thought this is a useful bonus and not essential.NLP Trainer Such coaches have generally the highest level of capability of skills available and can work fluidly and flexibly to coach you to the outcomes you are looking for. They should be actively training and you should be able to assess their abilities by attending one of their shorter seminars.Coaching is about working with you to achieve personal excellence in any area of your life. Many coaches set themselves up in response to some sort of unwanted transition in their lives. Why model these people? Choose a coach who is successful and effective in their own lives. You may not personally like them but you are not looking for a friend – you may need someone who can lead you out of your comfort zoneWhat you can do on your ownThere are many ‘Be Your Own Life Coach’ books available which will give you a good introduction to personal development. Similarly there are many books available on Coaching and NLP which you may find useful. Free coaching course are available and a good introduction to personal development for participants as opposed to setting up a practice. You would certainly get a lot from taking an NLP Diploma or Practitioner course as this will give you considerable personal advantages and flexibility. Some coaching practices Charge less for a practitioner course than they do for a coaching package in the belief that it represents better value to the client. That is something you need to decide yourself.In practical terms today go online and look for a wheel of life exercise and complete this. Then spend some times writing out a set of goals for your future setting out in detail what you want your life to be like in three years time, one years time, and what you will do every week to achieve this.You are not stuck with the life you currently have. You have the life you have now because of your beliefs, values and behaviours. All of these can be changed so that they align with the life you want now rather than the life you wanted then.

About the Author

Andy Lee is a certified NLP Coach Master Practitioner and Trainer with 30 years experience in people development in education working with hard top reach individuals and families. He is an expert in people development in a range of contexts and achieves outstanding results in a very wide range of contexts. He contributes to leading on line forums and leadership and personal development sites. He operates in the North of England as a Coach and trainer. He offers the NLPremium Practitioner which is believed to be the most exciting personal development opportunity in Europe. He has an international reputation for excellence in coaching, training and people development.

An insight into Personal Development
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