Discover Raymond Le Blanc’s powerful time management methods and goal setting techniques to turn around every area of your life-at home or at work. Engaging and down-to-earth, author Le Blanc walks you step by step through practical goal setting techniques to enable you to reach previously unreachable dreams and goals, while his proven time management methods teach you innovative ways to make the most of your valuable time. With Achieving Objectives Made Easy you will develop a mission and a

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When seen from the balance sheet, he’s able to gain appreciation on the asset side and the leverage provided by the bank rounds out the liability side of the balance sheet.      

Through a property management company you can also access the four parts of the financial statement.  Here’s how:

Balance Sheet:  Asset-side

Every property producing monthly rent is an asset.  It is possible to sell the rights to manage the property to another property manager for a lump sum of money. 

Balance Sheet:  Liability-side

Robert uses his banker’s money aka leverage in order to purchase a large property with only a small percentage as a down payment.  When the property goes up in value he is able to keep the entire appreciation amount without having to share it with the bank.  He can use leverage and still get the benefit of 100% of the appreciation.

In the property management business, leverage is achieved through controlling the income of a property.  A property that is producing 0/month in rent gives a property manager in income.  If the property manager feels that 0 is too low for the area, the manager can increase the rents by 10% to  0 and the management company’s income will go up 10% accordingly.  How many companies can increase their income by 10% without a causing uproar among its clients?

Income Statement:  Income Column

As a property manager, you take your 10% management fee directly off the top after the rents have been collected.  Here again, if the manager feels that rents are too low, the manager simply raises the rent and increases the income to both the manager and the property owner.  It’s win-win!

Income Statement:  Expense Column

While Robert Kiyosaki is able to depreciate the building as an expense, a property manager cannot take this tax advantage because a property manager doesn’t own the building-the owner does, however, a property manager is able to make money off the expenses incurred by the owner of the property. 

Let’s say that a tenant calls to say that the plumbing underneath the sink is leaking.  The property manager sends out his repairman to fix the leak.  The repairman sends a bill to the property manager for the .00 plumbing parts plus .00 for his hourly rate. 

The property manager now marks up the bill by lets say .00 and now charges the property owner .00 for the parts and .00 for the repair time.  The .00 is for the property manager’s orchestration of taking the call from the tenant and sending out the repairman.

Now multiply this scenario by the management of 200 properties and you’ll find that expense mark-up is a significant source of a property manager’s income.  

As you can see real estate allows an investor to utilize all four parts of a financial statement.  As a property manager, you can piggyback on the owner’s shoulders and receive some of the same benefits of cash flow and leverage and you can actually profit from the property in ways an investor cannot i.e. expense mark-up. 

And here’s the best part and the prime example of a property manager’s ultimate leverage:  the manager isn’t responsible to the bank for making the payments on the mortgage.  The owner is responsible!  The property manager is able to make money off the property without being personally responsible to the bank for the asset that creates all the money in the first place. 

What a concept!

This is a montage of Robert Kiyosaki appearing on; CNN, KTLA, TODAY, The Early Show, FOX News and many others. He talks about debt, education, predictions, and also talks with Donald Trump.

Goal Setting

Every year millions of people set their resolutions to be a Millionaire. But many of this ‘resolutions’ don’t stick.

The ability to set goals and achieving it is the most important skills you need to learn if you want to be a Self-Made-Millionaires.

All successful millionaires set goals, the clearer your goals the more likely you will achieve it.

You must develop your strategies and set a deadline to achieve your goal if not it isn’t a goal, it’s a dream.

Plan what you should do to achieve your goals and start your journeys don’t delay. Your success in your future is determined by what you do today.

Make sure you can visualize your goals and belief you can achieve them. Keep your focused and your goals will come true.

Time Management

Time Is Money. To success in your online home business, good time management is vital.

Time management is one of the most-desired skills you need to acquire in today competitive business environment. Many online entrepreneurs find it a big challenge, as there are many distractions. Distractions will happen and your must know how to control them.

Time management is important in all areas of life, good time management allow you to reap the reward in both your business and personal life.

Good time management skills are developed over time. You can’t control the amount of time you have but you can change how to fully utilize it.

Conclusion

Successful people work hard to achieve their wealth by setting goals and develop strategies to achieve them. They also set discipline to manage their time. They don’t attribute their success to luck.

Without clear Goal and proper Time Management your chances to be a Self-made-Millionaire is limited.

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My wife and I learned this system for ourselves and have not looked back.  In November, 2009 we attended a T. Harv Eker Millionaire Mind Intensive event.  Within that 3-day course, our financial blueprints were reset for an abundant future and a focus on our financial freedom.  Immediately following the event we organizing our bank accounts following what Harv calls the “Jar System”.  We had all the different accounts from financial freedom, education, long-term savings for spending, everyday necessities, charitable giving and guilt-free play.  With each following paycheck (after we paid ourselves first) we divided the money into the different accounts, only using money available from account when required.

Within the “Jars” money management system, the financial freedom account is meant for building your “golden goose” and the play account is meant to be used for guilt-free spending.  The main rules for these two accounts are that the financial freedom account is never spent only invested and re-investing to create wealth.  While the play account must be spent each and every month in a way that makes you feel worthy.  The play account spending is also to prevent the subconscious mind from undermining the focus on building wealth.  This is where my wife and I had some learning to do and overcome our past programming.

True to our commitment to the “Jars”, we began paying bills from the money allocated to the necessities account and we made plans for home improvements using the long-term saving for spending account.  Then we started enjoying evenings out at restaurants, testing the finest wines and indulging in French Champagne with money from out play account.  I have to say the first few months seemed like a dream, bills were being paid, food was on the table, we had plans for a new backyard deck but at the same time we were having fun spending money on themselves and our investment nest egg was growing. 

By the start of the fifth month, our play account had accumulated close to ,000.  Meaning either we just were not that much fun or we were not entirely ‘playing by the rules’ as outlined in this money management system.  So a decision had to be made, either stick with the program and spend it big-time or fall back on the old approach of just socking it away for a rainy day.  Now you have to understand by this point we were totally ashamed of ourselves for not being able to spend all of the play account, imagine that happening to you.  And with our next paychecks as a sort of punishment, a lesson not to be forgotten, we booked a 4-day getaway vacation to sunny Jamaica!

In early May, 2010, our financial torture began.  The guilty feelings of not living up to our commitments and being a failure in our own eyes got to be too much.  As a result, yes we spent all the play money; the non-refundable flights and beachfront 5-star all-inclusive resort package were booked and all the “what if’s” were running through our minds.  Like “what if we really need this money later?” or “what if we come back and the plant is shutdown?” 

We soon changed our tunes, the questions were more like, “how can this be happening…?” and “what are we doing…?”  These were the questions asked when the drinks on the beach became empty and the bartenders brought fresh refills.  “Ya-mon, no problem” was the theme for those four days as we relaxed on the beach and splashed in the warm waters of Montego Bay.  Since then we have committed to reaching a point where the play account is large enough each month itself for a trip to their favorite island in the tropics.

Want to have this sort of a money management system working for you?

Why Do You Need to Enhance Your Soft Skills?

As previously mentioned, some people may have higher level of soft skills than others and honing these could help you move forward in your career. These traits and qualities are considered factors in determining job performance in a sense that you need it to effectively perform your job functions. When you can communicate well with others, you can iron out problems; if you have good interpersonal skills, adapting to people with different personalities will not be difficult.

In addition, when we are able to apply empathy and effective communication skills, it will not only boost our performance but it will also contribute to the organization’s performance. You will be able to win more customers, increase productivity, and promote collaboration, all of which will give a significant impact to the overall company performance.

Lastly, when you enhance your soft skills, you will empower yourself and give you a competitive edge over others. When you know how to deal with other people, it will not be hard for you to take charge of a team and to ensure everyone performs well. All these will point to you being good at what you do and this will be no doubt instrumental to your very own professional success.

How to Improve Soft Skills

Now that you have realized the essence of soft skills and what it can do for you, it is the perfect time to start taking steps towards enhancing what you possess at the moment. This begins by making a self-assessment. Find out what areas you need to improve on. Do you know how to communicate with others in a way that you can get your message across clearly? Are you empathetic towards customers, colleagues, superiors, and team members? Are you able to adapt well to change? Ask yourself these questions to help you identify your weak areas.

Once you have determined what these are, your next step is to take measures to improve. For example, if you are afraid to speak in front of others, you can work your way towards overcoming this by participating in social gatherings and even volunteering to facilitate meetings, presentations, trainings, and other events. Doing so will help you practice and exert efforts to better yourself.

What many people fail to realize is that soft skills are learned and acquired with constant practice. If you keep on applying it even in the most mundane things, you will eventually make it a habit. The greatest players of all time, such as Michael Jordan ad Tiger Woods would never have earned their respective titles if they did not put a lot of importance on practice. Improvements can be observed with constant practice.

But just as relationships can bring joy and fulfillment to your life, it can also be one the primary causes of stress. Since we all have different personalities, there are instances when disagreements arise, when opinions clash, and when you just cannot get along with the other person, be it your spouse, child, sibling, colleague, boss, clients, and customers. When this happens, stress would eventually develop and this could blow out of proportions if not managed properly. Keep in mind that relationship-related stress is inevitable and there is absolutely no way to get rid of it, but you can reduce stress by effectively managing it.

How can stress be managed? Let us begin by understanding that there are many factors that cause relationship-related stress. One of the keys to manage stress is to take control of these factors and not be controlled by it. Below are the most common of all:

1.Taking advantage of the other person’s weaknesses

2.Using abusive words

3.Shouting at the other person

4.Giving offensive remarks

5.Being rude

6.Lying and cheating

7.Causing bodily harm

8.Refusing to speak to the other person

9.Spreading rumors about the other person

10.Intentionally avoiding the other person

Secondly, it is also essential for you to have a mindset that looks to adapt to the person and the situation, whenever necessary. Many people have difficulty dealing with others because they refuse to change themselves for them and instead, they wait for the other person to change or simply wish for the situation to go away. Husbands and wives complain about their spouse’s annoying habits but tend to overlook their own shortcomings; employees criticize their co-workers and superiors for the way they perform their tasks and responsibilities and yet they fail to check their own abilities to see if there are areas they need to improve on. A person needs to accept that in order to have better relationships, he has to be the first one to change and adapt, and never the other way around. Hoping and wishing that things will turn out for the best without you exerting efforts to actually make it happen is only going to cause undue stress.

Lastly, engage yourself in fun and worthwhile activities that will ease tensions from work and personal life. Hitting the gym can be a good stress buster. If the people around you are causing you too much stress, it is best that you take some time out away from them. A short vacation is ideal however if the circumstances will not allow this, you can always spend an afternoon someplace quiet all by yourself to give you time to gather strength and rethink about how you can deal with the troubling situation.