"Your life is the sum of your actions" -CMH

More than Motivation! 

2-4:      The Flat Factor 

This brief article is designed to show you how much money you will lose in the long run when you take the mindset that "it's only a few dollars."

Example 1 - Jane buys a coffee and bagel each morning at Starbucks or Tim Horton's, her total cost per day is $5. 
$5 per day x 365 days a year = $1825 spent per year on her Flat Factor item.
Now we will put that into a compound interest calculator and we will find out what she really loses over the next 30 years. $1825 saved per year at 10% interest rate compounded over 30 years is ends up being $362,066.91. 'No wonder where my retirement went!'

Example 2 - Bob figures he spends $10 a day between trips to the vending machine, and stopping for a coffee twice a day.
$10 per day x 365 days a year = $3650 spent every year on his Flat Factor item. 
Now we will put that into a compound interest calculator and we will find out what Bob really loses over the next 30 years. $3650 saved per year at 10% interest rate compounded over 30 years is ends up being $724,133.82. 'No wonder why I am not able to achieve the life I always dreamed of!'

Friend, are you spending your dreams on coffee, bagels, vending machines and fast food chains? Is your Flat Factor deflating your financial tire?

Use the compound interest calculator to find out how much money you are losing. HERE




1-8:      3 Easy Steps to Mentorship without asking! 

1)      Identify your potential mentors.
- They should be people you chose based on their knowledge and success in the area you desire to grow in.

2)
      Engage them in a conversation about what they do! Then Listen and Shut Up!
- Care what they do! We should all do this anyway. We should learn to care what others do. It may not be of interest to us, but is of interest to them. If we are interested in them as a person then we must learn about what they are interested in. 
- Listen – Shut Up! You are not teachable if you talk instead of listening. Learn to listen when someone with something to teach you decides to speak. Let them speak!

3)
      Ask for future conversations!
- This is the easiest step. When they are done talking or have to leave (this could be several hours of them talking with you), you sincerely thank them and then ask them the following:

“Do you mind if I call you in the future if I have a few questions?”

Often times if you attentively listened and learned, and then thanked them sincerely they will be more than happy to give you their phone number or e-mail for future conversations.


Tips:

- Leave your pride at the door, there is no room for you to be prideful in a mentorship. You must not take control of the conversations or boast. The mentor will detect your pride very quickly and move on. Prideful people are not teachable.
- After you complete step 3, do not call them back with stupid questions to waste their time. If it is something you could easily find on the internet then find it on the internet.
- A good follow up is to take them to lunch if you can afford it. If not, a call or an e-mail is just fine.
- Don’t be pushy as these people tend to be busy. They will give you dense amounts of information quickly.
- Write down what they teach you so you don’t have to go over the same topics multiple times.
- No two mentorship relationships are alike.

Enjoy your new mentorship!.