Episode #28: After looking at some staggering statistics from the U.S Department of Labor, it is evident that media and advertising companies have done a great job convincing people that the American Dream starts at home ownership. The reality is, most families are not living the American Dream. What has changed? The numbers will speak for themselves.

Read the article on Fox Business Here: http://ow.ly/l73f2

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Purchase Patrick’s best selling book, “25 Laws for Doing the Impossible” on Amazon: http://amzn.to/SyDWq4

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Control Your Thoughts

by: Matt Coulthard

Often I wonder why people don’t achieve more in life: Why is it that so few people achieve greatness in this world despite their potential to succeed? Do people choose to live dull, ordinary lives, or is something else keeping them from the extraordinary? Why are some people in history books while others merely read them?

The answer to all these questions has to do with our thoughts—something we all have the power to control.

Throughout our relatively short history as a country, there have been many individuals who have put their stamp on America. From Thomas Edison, Martin Luther King, and Abraham Lincoln to more current figures like Ronald Reagan and Steve Jobs, certain Americans have reached levels of respect and received accolades that most never even dream of. What separates them from the average person? Aren’t they also just human?

Again, the answer has to do with their thoughts.

Each of the above men had a cause they were working toward or a crusade they were passionate about. Each faced a great deal of adversity and had threats made against their lives, but that didn’t stop any of them in their quest for greatness. The crusade they were fighting for was bigger than they themselves were as individuals, and so no amount of adversity could slow them down. Though the temptation to retreat to a quiet, ordinary life was no doubt strong at times, the overwhelming responsibility to follow through on their paths kept them going. Their vision had been stretched, their minds broadened, their thoughts changed. With this change in their thoughts came the power to continue thinking forward, in spite of any obstacle. With this change came control.

“The best way to predict the future is to create it,” according to Peter F. Drucker. To create the future, we must act; but before we act, we must think. What kind of control do you hold over your thoughts? What future are you creating in your mind and through your actions? Is it the future you desire?

Let me share a few suggestions on how to control your thoughts in order to better shape your destiny.

Stretch what you think is possible: We rarely achieve more than we believe. Could a US Presidency be in your future? Someone has to first think of becoming President before acting in a way to make that a reality. Will you become a millionaire next year? There are already 5.1 million of them in the US alone, but to join them you have to direct your thoughts toward an achievable goal. With enough thought, you could even become the 450th billionaire in the country! My point is that you must believe that you are worthy of great achievements and that you deserve what you are going for. It is all within your reach, and your thoughts must reflect this reality

Think about what you want to achieve and choose your path to success. Many people allow others to determine what actions they take; this essentially means giving mind control over to others and letting them think for you. If you’re constantly looking to please others and ignoring your own ambitions, you’re a victim of mind control. If you give up on opportunities because of someone else’s fears or small mindedness, you aren’t in control of your own thoughts or your own destiny. I challenge you to always think bigger, as small thinking serves no one. It’s okay to make others uncomfortable; it just means you are getting them to self-reflect and grow. Don’t let others think and decide for you! Think for yourself, plan your path to success, and choose to follow that path to its end.

Know what you really want. Just as you need to think about how to achieve success, you need to know what it is that you really want out of life—what you want, not what your friends or family want for you. Getting in touch with what you really desire is paramount to thinking bigger and believing in a crusade. Whether it’s buying a new home, retiring a parent, or just being a person of greater significance, it must be your crusade, your dream, your desire. Reflect on what you want, remain conscious of your goal, remind yourself of why you wanted it initially, and don’t lose focus on achieving it.

Choose your mentors wisely. It’s unfortunately easy to lose control of our thoughts and give our power over to either our own fears or to other people. But think about this: If the person making your decisions or giving you advice does not have the life you would like, why are you giving that person power over your future? I have yet to meet a successful person who doubts the dreams and ambitions of someone else, so only listen to people who want to build up your dream of success or vision for the future.

The power to make an impact and earn a place in this history books rests in your thoughts. It is your choice to make a million dollars and help others do the same. It is your choice to change the world through creating the next big invention or living a life of philanthropy and service. It is your choice to shape your own destiny and achieve success. But whatever you choose, your choices begin with a single thought. You can choose to think small and achieve small things, or you can dare to think big and achieve big things. Our thoughts manifest our reality, so why not manifest a life of greatness?

 

Episode #26: Many times we overlook the true heroes in life. This weeks message goes out to the “unsung heroes” that often go unrecognized for the impact they make in the world. Happy Mothers Day from 2 Minutes With Pat.

Read the latest blog by PBD: http://patrickbetdavidblog.com/

Purchase Patrick’s best selling book, “25 Laws for Doing the Impossible” on Amazon: http://amzn.to/SyDWq4

 

 

GOASKNEWTON 1

    By: Newton

Tax season usually means mostly unpleasant thoughts and lots of stress. But there is one upside: the potential of getting a refund.

In a March 2013 article in Time magazine, it is estimated that this year 85% of Americans expect to get an average refund of $2,800. While it’s true that technically it’s your money you are getting back, getting a refund check in the mail still leaves people with extra cash on hand.

Now, what are you to do with this refund?

Many people fall victim to splurging on material items or a vacation; but if you are reading this, don’t let that be you!

What would a wise person do with a tax refund? Put it in savings? Invest?

I’ve received quite a few questions from our readers asking for advice on this very question. And although I strongly believe that a professional financial advisor is always a smart decision, here are some general options for most people receiving a tax-refund:

1. Get closer to your retirement goals.

  • Take an inventory of your retirement vehicles. If you’re not maxing them out already, take some (or all) of your refund and put it towards your retirement goal. After all, retirement is probably your ultimate financial goal.
  • Or, if you’ve been meaning to start planning for your retirement (hint: it’s never too early!), then this may be a good time to take a look at the many investment vehicles available to you, such as an IRA or a mutual fund, or maybe you need to roll over that 401(k). For anyone looking to invest, I recommend always consulting a professional.

2. Build up your emergency fund.

  • I see too many people who wind up in credit card debt because they don’t have a basic emergency fund. Without an emergency fund you are likely (almost guaranteed) to find yourself in a situation that you weren’t ready for and have to swipe that shiny credit card. You should have at least six months of expenses saved in a savings account for “just in case” scenarios. If you don’t already, use your tax refund to get closer to that goal.

3. Check the status of your debt.

 

  • At this point, you probably have used all of your tax refund; but if you have a particularly impressive refund, next you should take on any existing balances you have on your credit cards and other debts like student loans. If you are looking to pay off credit cards, check out our Credit Card Debt Analyzer and start paying off the card with the highest interest rate.

Tip: For the rest of the year when you don’t have a tax refund to make good use of, get in the habit of “paying yourself first” by setting up automatic transfers to your savings account or retirement accounts. Start with a low percentage of each paycheck, like 10%; once you are comfortable with that, move up to 20%. You’ll be amazed at how much faster your savings goals are being met!

Want to see more lessons by Newton? Visit http://www.GoAskNewton.com and subscribe to get free weekly lessons and much more!

Episode #25: Whether in the workplace, our spiritual life, relationships or any area of our life in general, we will always have conflicts to deal with. In this 2 Minutes With Pat, find out what the 5 Levels of conflict are and how the “great ones” deal with it.

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Purchase Patrick’s best selling book, “25 Laws for Doing the Impossible” on Amazon: http://amzn.to/SyDWq4

Any basketball fans out there are well aware of how terrible the Lakers have been doing this season. It’s true that all teams have their ups and downs, but just what’s been going wrong for the Lakers lately?

Let’s take a look at five factors that are negatively impacting their performance:

1. Ownership philosophy has changed.

The legacy of a team can only stay the same if the new owner (in this case, Jim Buss) continues building on the legacy that the former owner left behind. Consider the case of the New York Yankees: In 2008, brothers Hank and Hal Steinbrenner were left with the ownership of the team after the death of their legendary father, George Steinbrenner.  They didn’t use their new power and ego to come in and change the direction of the team, though; instead, they listened to the team’s leaders and continued their father’s legacy. This strategy brought a World Series win to the city of New York, which had gone nine years without one.

The Lakers have a totally opposite story.  When placed in the same situation, Jim Buss has decided to emphasize spending money on players while disregarding the importance of spending money on coaching.  When it comes to managing a team with as much ego as the Yankees or the Lakers, coaching is a vital aspect.  But instead of taking a run at getting Phil Jackson, Buss fears that Jackson would have more influence over the team than he himself and therefore goes with Mike D’Antoni.  I firmly believe that if anyone would’ve had a chance at pulling this team together, it would’ve been Jackson.  Let’s not forget that Jackson knew how to deal with Rodman, Shaq, Kobe, and Jordan, all players with big egos.

That’s why I put the new ownership as the biggest problem the Lakers have had to deal with in 2013: Ultimately, Jim Buss is the final decision maker for the Lakers.  His insecurity has gotten the best of him, which has kept him from making the best decisions for his team.

 2. Three philosophies in three years.

It’s very difficult to get a group of players to rally around one philosophy of playing, let alone to rally around three different philosophies in as many years. Talk about annoying! From a triangle offense to the defensive mindset of Coach Brown to D’Antoni’s completely opposite offensive philosophy, the Lakers have had the rug pulled out from beneath them time and again. That’s like your parents changing their religion three times in three years!  It’s a very confusing situation, one that makes it tough to create any kind of momentum.

3. What does Howard need?

I remember clearly saying that what LeBron needed was a strong mentor, as well as the desire to strengthen his emotional and mental abilities. His emotional and mental toughness have definitely increased ever since he began to be mentored by Pat Riley, who encouraged him to start reading.  That not only developed his mind but also got him to realize that he had to both focus on his game on the floor and (more importantly) learn to control his imagination; if he allowed his imagination to run wild, he would develop anxiety, which would in turn impact his performance.  Once he learned these lessons, he started handling himself better under pressure.

That’s exactly what Howard needs.  He needs a strong mentor who won’t take his crying and won’t just feel sorry for him, someone who will encourage him to learn to ignore the noise (as Bill Belichik used to say).

As far as Howard’s fundamental game is concerned, he has four areas that need attention:

  • For a guy his size, he sure has some of the worst hands I’ve ever seen.  I’m flabbergasted when I see him mishandle as many passes as he does.  The problem is a lack of focus, and that’s something that can be worked on.
  • He needs to make his move faster when he gets down low in the post.  He takes too much time when he gets the ball in the post, which negatively impacts his performance.  He’s got the right footwork to develop into something really special, if he puts his mind to it.
  • Free throws are an issue for Howard. I don’t expect his accuracy to get to 80%, but he needs to work on getting it to at least 70%.
  • There’s nothing wrong with being silly off the court like Shaq or Jordan, but it’s not acceptable during the game. When you’re a professional, you need to learn the difference between being on the court and off the court. It’s quite annoying when someone doesn’t take their profession seriously, especially someone who has the capacity to become one of the greatest centers of all time.

4. Kobe’s leadership.

This year, Kobe showed more leadership than he has in his whole career. Although we caught glimpses of his ability to run the offense and although he averaged ten assists per game, his natural desire to shoot didn’t allow him to perform like this consistently. Another great one is coming to the end of his career.  I’m just really curious to see how Jim Buss will handle this situation.  His treatment of the end of Kobe’s career could hugely impact the fans.

5. Believing the worst.

A positive mental attitude is a huge factor in life and sports alike. The Lakers unfortunately allowed their imaginations to run wild: They believed they were far worse than they actually were this season, which meant their performance suffered.

Let’s not forget that Howard got to the finals without any major players on the Orlando Magic team.  But when the Lakers started really believing they were terrible, despite their talent, they lost the game before it even began.

Get ready for a potentially whole new look in 2014!

In the 2014 season, the Lakers will no longer be predictable because their ownership philosophy has changed. It’ll be interesting to see if Jeanie Buss and the family will be able to knock some sense into Jim over the summer; that’ll be the deciding factor when it comes to the fate of the Lakers. Hopefully the team will recapture its excitement, or else they’ll probably be losing Mitch Kupchak to another team because of Jim’s attitude and behavior.

Fortunately, I don’t yet hold any ownership over the Lakers. So while all this is fascinating—and while I love basketball—so far none of this will directly influence me and my loved ones. Still, I hope to see these issues addressed so the team can get back to being great.

Episode #24: One of the biggest challenges we have in America right now is our financial deficit and increasing taxes, which affects everyone. In the 4th and last episode for Financial Literacy Month, Pat discusses what we could do to minimize taxes and how America could benefit, if it embraced this idea.

Visit: http://www.GoAskNewton.com

Tweet: @patrickbetdavid https://twitter.com/patrickbetdavid

Read the latest blog by PBD: http://www.patrickbetdavidblog.com

Purchase Patrick’s best selling book, “25 Laws for Doing the Impossible” on Amazon: http://amzn.to/SyDWq4