Saturday, May 3, 2008

Successful People Use Common Strategies

Like everyone else I've spent some time thinking about why some people are so successful in life. And what factors in success that are under more personal control than others.

Successful people might be intelligent. Or have had a socially well connected upbringings. Or be naturally energetic and open and positive.

But a lot of the factors that make some people more successful at almost anything in life are very much under their control. And much can be improved in anyone’s life by learning from the people that have gone before us.

Here are some of the thoughts on success that I´ve come up with from reading/watching documentaries throughout the years about people such as Michael Jordan, Thomas Edison, Eleanor Roosevelt and Henry Ford. The following factors of success are just a few and I'm quite sure there are a lot more.

  • They make decisions and take action
    Right or wrong action, they take it. Either way it’s always better than making no decisions and taking no action at all. As Franklin Roosevelt said:

“It is common sense to take a method and try it. If it fails, admit it frankly and try another. But above all, try something.”

  • They do things even when they don´t feel like it
    I think this is a pretty huge factor. A lot of us back down when we don´t want to do something, even though it may eventually bring us to a wonderful experience or goal. Successful people may not always like doing some of the things they have to do. But they do them anyway. And in the longer run that makes all the difference.
  • They do the most productive thing right now
    Instead of trapping themselves in doing productive but not so important tasks or projects they realise what’s most important and do that. And after they´re done with that they do what´s most important again. Instead of just doing a lot of things, they think and plan before they act and try to focus as much as possible of their thoughts and actions on those few very important things.
  • They do one thing at a time
    Many of them don´t seem to multi-task. Some reasons for avoiding that may be that it creates internal confusion, wastes time and spreads the multi-tasker too thinly. Instead, they do one thing and focus on that until it is done. Then they do the next thing until it is done. Focusing 100% on one task at a time will get it done quicker and better.
  • They have a positive attitude
    A negative attitude can be very damaging and limiting to one´s life. A positive one can open new doors every day. It can open your mind to new ideas and input and create or sustain great relationships. It helps you through the hard times as a successful person often sees an opportunity within what others would merely see as a problem.
  • They have redefined failure
    While a lot of people see failure as a way to rationalizing the feeling of wanting to giving up or as a sign that it´s actually time to do something else successful people tend to see it more as useful feedback. They may not like to fail, but they don´t fear it – or at least they have little fear of it - and they know that if they fail they´ve been there before and they can start over again and succeed. This is of course a very useful belief and keeps successful people going while the rest have already given up.
  • They don´t let fear hold them back
    They overcome fear and slay that dragon whenever they face it. Or they may have defined or redefined reality so that fear is substantially decreased or even gone in some areas of their life.
  • They have found a purpose in life
    They are internally driven rather than externally driven. They do what they have a burning desire to do rather than conforming to what others think they should do. Even if what the others think may be positive and successful stuff.

The Michael Jordans, the Edisons and the Stephen Kings have figured out what they want to do in life and are doing it (or did it).

The purpose, I think, is largely why they can keep on going and be motivated while others may tire or just go and do something else that they find more purposeful. The successes love their purpose and when they aligned with it then it seems to push them forward with enthusiasm and energy through life.

  • They don´t get distracted
    When others get too caught up in everyday life to do what they really want to do the successes don´t. They can really focus on actually doing what´s important and what needs to be done. Again, this seems to go back to having a purpose and more clear sense of direction in life.

 

They value their time highly and plan it out well

A lot of people don´t value their time that much. Successful people have a purpose in life and therefore they do. They have so much they want and an inner urge to do it and therefore need to plan well to use their days effectively.

They have got awesome communication-skills
So very much of what we do in life has to do with other people.

They have an open mind and are willing to learn
Successful people take the time to study and learn – and often seem to really like doing it - what is necessary to improve their skills. They are open to thoughts, suggestions, solutions, new information and change rather than thinking they already know everything, that there is not much more to learn and that everything should be as it has always been.

What to focus on?
Now, what factors are the most important ones, where should one focus the energy? I am currently focusing on improving my ability to take action, doing what I may not feel like doing and doing the most productive thing right now. To me it seems like these three factors are very important and since they are pretty interconnected they are easy to combine.

I think what you should focus on varies a lot. And it’s up to everyone to figure that out for themselves. But if you´re anything like me you probably already know what areas you need to work on.

Monday, February 4, 2008

MORE FAMILIES LOSING THEIR HOME

STRUGGLING homeowners in Sydney's west are having their properties repossessed in record numbers as rich Harbourside postcodes enjoy surging real estate prices.

The cruel reality of Sydney's two-tier economy is revealed in detail in Supreme Court documents identifying the location of thousands of repossessions by banks and financial institutions over the past 15 months.

The top suburbs where homes have been snatched are all in Sydney's economically embattled suburbs where property prices are continuing to slide.

Bankstown had the highest number of repossessions in NSW with 73 properties.

The suburb with the next highest number of repossessions was Merrylands (63), then Fairfield (53), Auburn (54), Guildford (50), Blacktown (48) Granville (43), Prestons (41) and Greystanes (40).

The Supreme Court figures, obtained under Freedom of Information, break down by suburb and town the Writs of Possession Orders by the Sheriff's Office.

A bank or financial institution must obtain a Writ of Possession from the Supreme Court before selling a property to cover their losses.

The figures include all homes and investment properties plus commercial property.

In 2006, 5363 Writs of Possession were issued – a record that is up 10 per cent on the 4873 the year before. In 2004, there were 3061.

The high numbers of repossessions in Sydney's west and southwest compare to just two in Mosman and three in Vaucluse over the same period.

The repossessions can be revealed as the latest Sydney real estate market analysis shows home prices in Sydney's southwest went backwards 5.7 per cent in the 12 months to March 30.

In the Canterbury-Bankstown area they tumbled 4.9 per cent and in Sydney's west prices barely moved, rising just 0.6 per cent.

But – in clear evidence of two very different Sydneys emerging – Australian Property Monitors found market conditions on the up in city's eastern half.

In the lower North Shore prices surged by 9.2 per cent over the past year, growth not seen since the boom period of the early 2000s.

The Australian Property Monitors report also show the the Inner West to be bouyant with 6.1 per cent growth, City and east up 3.4 per cent and the Northern Beaches up 7.1 per cent.

Investigations by The Daily Telegraph show several mortgagee properties are on the market in Bankstown at this moment – all bargains.

Among them, a two-bedroom unit at Meredith St was purchased in June 2003 for $320,000. Its expected to fetch just $220,000 at auction.

One person whose home has been repossessed is Turkish migrant Ali Ozcan, 41, who purchased a modest fibro home at Granville for $365,000 in February last year.

The home is back on the market as a mortgagee sale with predictions of a selling price of $330,000.

After a couple of repayments he was struck down by a serious bout of depression, landing him in Westmead Hospital for three months. Coupled with this, his marriage broke down.

On February 21 this year, he received a legal letter from Henry Davis Yorke, acting for Westpac, notifying him the back was commencing Writ of Possession proceedings.

"It's a very good house. If I get my house back then my wife will move back," Mr Ozcan said.

Selling agent Moustafa Dalik still hopes Mr Ozcan can refinance with another lender to rescue his home.

Elders Bankstown principal Joseph Mouwad, who estimated he has handled 40 mortgagee sales in the past year, said many of the repossessions were units bought for investment.

"There was a big push for people to invest making use of negative gearing when the boom was in full swing," he said.

Westpac spokesman David Lording said his bank managed mortgage defaulters according to strict guidelines set down by the Banking Ombudsman and the Uniform Credit Code.

"You certainly wouldn't lose your house if you miss a repayment. It's a process that takes many months," he said.

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Sunday, December 16, 2007

Internet Thieves are Phishing

How To Keep From Getting Hooked

The sharks are circling and they have their eyes on you! Thieves who go phishing for you are sneaky and unscrupulous... but they are very, very good at what they do.

scam

You open an email message from your bank requesting that you update your information for their computer records. The email looks legitimate, the bank's logo and information is all there. You click on the link in the email and it opens a page that you recognize as your bank's web site. You enter your user name and password and complete the submission by entering the information that the bank wants to verify. When you close the site it gives you the normal thank you information and you are done.

You have just been caught by someone phishing!

You gave them all of the information that they need to go to your bank account and transfer your money to where ever they please.

What happened? The link in the email took you to a site designed with one purpose... to get you to believe you are somewhere safe so you will reveal secure information. The page looks exactly like your bank, your stock account, your credit card company, your PayPal account, or any site that handles secure transactions. The phony site may even have links back to the real site so you are really fooled!

If they're so good, what can you do to protect yourself? Simple. Don't click on any link in an email from a bank or financial institution.

If you get a message from your bank --- go to the normal log in page. If the request is genuine, there will be a link on the real site for you to follow. Financial institutions warn their customers to ALWAYS use the main log in page to transact ANY business or change any information. Never give your account number and password out in response to an email or phone call.

Like most Internet scams, these phishing expeditions can be easily avoided if you know about them. If you do any financial transactions online, never enter the site through an email link. You can use your normal entry page with confidence that you are not giving your identity to a thief.

A bit more difficult to detect are the scam web sites that pretend to be financial sites. Some offer loans or credit cards at fantastic interest rates, others will offer to clear your credit or handle your portfolio. You need to register for the service by giving them personal information. STOP!

If it sounds like a good deal, do a search for their name and see if there are any discussions about them. You may find that others who are focused on this have identified this as a scam. Call the company and verify that they are really in business. Check before you give information or money to anyone.

The Internet is a good place to do business. If you shop in the mall, you have to be aware of scammers selling you designer knockoffs, bait and switch sales or thieves who earn a living by stealing your wallet. With online financial transactions you need to watch out for the same scammers in their online versions.

Thieves have been around as long as history has been recorded. The only difference with online crooks is that they have come up with some new disguises to fool their victims.

Before you give any identifying information to someone you don't know... find out who they are and make sure that they are who they claim to be.

If a stranger walked up to you on the street and promised to get you a good rate on a credit card if you just gave them your wallet... would you? Think of a strange Web site as someone you don't know and think before you reveal anything that they may use to steal from you - or worse - to steal your identity.