LIFE STYLE

7 Principles That Will Protect Your Finances From “Life”

There are only two things that we can know with absolute certainty in the world of finance – your current financial position, and that your life will change. That’s it. Anyone who tries to tell you any different is lying. Despite your best efforts, you can’t predict, or even “plan,” for an unknown future. All you can do is take what you know, and use it to your advantage.

The Problem With Planning

Traditional planning is based on the premise that your life, your future, is linear. It then uses stagnant inputs and assumptions about tomorrow, to try and formulate a bullet-proof plan for success.

Here’s the bad news – your life isn’t linear. It’s not stagnant. If you plotted your life up until this point on a graph, it more than likely won’t yield a beautifully straight line. That’s because stuff happens, and when it does, it can cause your life to swing one way or the other. Your life is always in motion – it evolves through time. It’s dynamic, and therefore can’t be addressed by a static plan.

A static plan has little wiggle room when your life “chart” experiences fluctuations. But, your life will swing, I can promise you that. It won’t always be linear.

That’s precisely why traditional planning is flawed.

Life Events That Can Change Your Financial Situation

Here’s a quick-list of those big milestones that can cause your life to fluctuate:

1. Marriage.

2. Having a child.

3. Changing jobs.

4. Job loss.

5. Divorce.

6. Death of a spouse.

These events have different implications – some of them positive, some of them negative. Unfortunately, the negative ones can hit you out of nowhere. It’s usually not until this happens that you realize just how vulnerable your life’s work was. At this point, there’s typically little you can do about it other than stomach the blows.

On the other hand, you want to be able to take advantage of opportunities when they present themselves. These include things that can advance your life or make it more complete, like a new and better job, getting married, having children, or starting your own business.

To do both, to mitigate the financial heartache from the negative swings and capitalize on the good from the positive swings, you have to be optimally positioned to effectively react to your life as it evolves.

7 Principles That Will Protect Your Finances From “Life”

So, how do you do that? How do ensure that you can handle “life” when it happens to you? You adhere to these seven principles:

1. Practice financial positioning. This is the overarching principle to apply to your financial life. The others are gravy on top – but still extremely important. If planning is broken, you need something else. Financial positioning focuses on optimizing your current financial position. It manages your changing information as your life evolves, stress testing your current strategies against it. You can then keep yourself positioned to effectively react and adapt to life’s curve balls – whether positive or negative. The result? An increased ability to live the life you want.

2. Be engaged. You should regularly review your financial strategies, and be instrumental in implementing them. Make sure you understand what is being done on your behalf, and that you know what you have and where it is.

3. Align your financial strategies/behaviors with your most important values. Values should play the same role in your financial life that they play in your daily life – they should guide your decisions making. This keeps what is most important to you at the heart of your financial strategy.

4. Define your “why” behind money. What’s your reason for working, investing, doing everything you do? What does money mean to you? What does it enable you to do? Until you define this, you have nothing to fight for. Your “why” will guide your decision making, and help you live intentionally with your money.

5. Protect your life’s work. Your life’s work means nothing if it’s not protected from everything that can destroy it. You must protect yourself for your full economic value – this includes material assets like your home, and your most important asset, you.

6. Save at least 15% of your income. If you can’t save your money, everything else in your financial life will have to work harder to pick up the slack. Maintaining core liquidity is key to reaching your full financial potential.

7. Create an investment policy statement. This document puts your investment philosophy and strategy on paper. Essentially, it helps you understand where your money is, what it’s doing, and why it’s where it is and doing what it’s doing. Every time markets rattle you, pull out your IPS and remind yourself why it’s important to stay disciplined. If an investment doesn’t meet the criteria stipulated here, you shouldn’t invest in it.

Why Does it Matter to You?

Being able to effectively prepare for and respond to “life” is of the utmost importance.

Your success isn’t dependent on how much money you have. You can have all the money in the world, but it doesn’t mean anything if it can be wiped out should your life change. Rather, your success is dependent on your ability to effectively react to life as it happens around you – on whether your strategies can adapt to your current financial position as it continues to evolve.

Which brings us back to financial positioning – the principle that encompasses all the others. This method takes a comprehensive view of your financial life, from your assets and liabilities, to your protection and cash flow. Once you have that real-time picture of your current financial position, you optimize it based on new information, as your life evolves. This is the approach we take with our clients.

Life is messy and unpredictable. You can’t plan for a future you know nothing about. Therefore, you need a dynamic method for reaching your full financial potential that uses these facts to your advantage.

How to Create Super Effective Meetings in 6 Easy Steps

Maybe you know the feeling – you wake up on Monday morning, energized and ready to take on the week. You roll into the office with a little pep in your step and favorite coffee in your hand. Then, at 9:00, you find yourself in the most boring, monotonous meeting possible. Your energy is instantly drained, your eyes glaze over, and your brain tries to be anywhere else but in that room. Your attitude for a super-productive Monday just got crushed. All thanks to an inefficient meeting.

This was exactly my experience every single Monday morning during our team meeting.

We had the same problems that so many companies do when running meetings. Our team meeting wasn’t structured in a condensed format, we weren’t reviewing only hot topic items, reporting was lackluster, there was constant conversation of who was owning what tasks, and they drug on and on. Sometimes for more than two hours.

After that, I was completely checked out. My employees could see it in my eyes, and I could see it in theirs – we were in a Monday morning meeting rut. We had to get out of it – fast.

A New Method: The Level-10 Meeting

I began researching methods that could help us, and came across this video. It explained the Level-10 Meeting methodology, created by the Entrepreneurial Operating System (EOS).

EOS would ask the entrepreneurs and owners in their group to rate the effectiveness of their current meetings. On average, they would rate them a 4. I probably would’ve rated ours right around there as well.

So, EOS developed a formula for creating a Level-10 Meeting – a meeting that you would rate as a 10 on the effectiveness scale.

This method has turned out to be our company’s saving grace. If you’re in a leadership position and find yourself struggling to get the results you want from your meetings, this method could be yours as well.

Our meetings now take less time and are more productive than they have been in the last decade. So, I want to tell you more about it, in the hopes it may help you implement your own Level-10 Meeting.

The Pulse of an Effective Meeting

The Level-10 Meeting methodology teaches you the importance of time management. You learn how to be the most efficient in the shortest amount of time, so that you’re never sacrificing quality.

To do this, you have to understand and adhere to the pulse of an effective meeting:

  • Same day.
  • Same time.
  • Same agenda.
  • Start on time.
  • End on time.

Every meeting should have this exact pulse, every time. This is the first step on your journey toward a Level-10 Meeting.

The 6 Components of Your Level-10 Meeting Agenda

The structure of EOS’s Level-10 Meeting will be the foundation for your own meeting agenda. This should be a document that one person on your team manages, and brings to every meeting.

Your agenda will be made up of six different parts:

1. Start on time. All involved team members should be in the meeting room five minutes prior to the scheduled start time. This has been key for us in making sure our meetings actually start at 9:00 sharp.

2. Positive focus. We always start our team meetings with positive focus. Each person in the meeting shares their big positive from last week. I encourage my employees to share both a professional and personal positive focus. This is what brings the human element to our meetings, and helps us grow closer as a team. It’s a great way to start your meeting on a positive note – get it?

TIME ALLOTED: 5 minutes.

3. Reporting mode. This is the part of the meeting where you make sure that everything in your business is on track. You’ll use the following three reports to examine your numbers, priorities, and people:

  • Scorecard. These are the hard numbers in your business. For us, we use our scorecard to track our assets under management and life insurance. This gives us a clear vision of exactly how much new business we’ve closed, and what’s in our pipeline.
  • ROCK review. Your ROCKS are your company’s top goals for the year. In this report, you’ll review these ROCKS, and evaluate whether your current numbers have you on track to meet them.
  • Customer and employee headlines. Knowing what’s going on with your customers or clients is important. We like to send piggy banks to new parents, congratulate our clients on big accomplishments they make, and send cards or gifts for newlyweds, retirees, etc. This is also a great time to give recognition to an employee’s hard work.

During the reporting section, you’ll come across items that warrant further discussion. Write them down and save them for the next portion of the meeting. This section should be pure reporting – no discussion allowed!

TIME ALLOTED: 15 minutes (5 minutes for each report).

4. Review last week’s to do list. This list should be part of the meeting agenda itself. Your to do list items are seven day action items. Every week, things should be going on and coming off, with 90% of the to dos coming off every week.

TIME ALLOTED: 5 minutes.

5. Identify, Discuss, Solve (IDS). This should be the longest part of your meeting. Here, you expand on all those things that came up in the reporting part of the meeting. Prioritize the issues you wrote down in order of importance. Then decide what the real issue is. For instance, if internal communication is a sore spot for you, is it really that no one is talking to each other? Or could it be that people aren’t utilizing your CRM correctly?

Once you identify the issue, discuss it openly. Garner feedback from key team members who are affected by the issue.

Finally, solve the issue. Once a resolution has been agreed upon, it then goes on the to-do list and a task is created for it.

TIME ALLOTED: 60 minutes.

6. End the meeting. By now, it should be right around 10:25, and you should start wrapping up your meeting. Take five minutes to recap your new to-do list, and assign tasks. Also, have everyone rate the meeting. Your minimum goal is to be consistently rating your meetings at a level 8, with the ultimate goal being a level 10.

Then, end your meeting at 10:30 sharp.

Why Does It Matter to You?

As a business owner, running effective team meetings was one of my biggest challenges. I feel like it’s a big challenge for anyone in a leadership position.

How many times do you leave a meeting thinking, “What was the point of that?”, or “Why couldn’t you have just emailed that to me?” Most of the time, your team has one day out of the week where they can all come together. So, you need to make that 90-minute window as productive as possible.

No longer do Monday morning team meetings crush my attitude for the day, for the week. Now, they help add a little extra energy. I walk out of them feeling like I have a clear vision of exactly where our company stands, and I may have only added one or two quick things to my plate. I don’t feel overly burdened.

Following the Level-10 methodology has worked wonders for our team. Be sure to watch the video and start creating yours.

9 Things Successful People do Before 8:00 AM

Successful people are a rare breed. They’re willing to do what others are not, and they know the importance of practicing good habits daily. In fact, they’re almost obsessive about it. While you may think they’re crazy, they know adhering to these simple daily disciplines is what makes their day super productive. For most successful people, one of their most important daily disciplines is their morning routine.

The morning is one of the most important times of your day. I don’t know about you, but I’m much sharper at 7:30 in the morning than I am at 3:30 in the afternoon. That’s my time before swimming through a flooded email inbox, putting out fires, meeting with dozens of clients, and running a company.

That’s why it’s so important to make the most of your morning. You need to craft a routine that sets you up for successful day – that gets you motivated, energized, and feeling like you’ve accomplished something before you even step foot in the office. Otherwise, how is your attitude going to be for the rest of the day?

Supercharge Your Morning Routine: 9 Things Successful People do Before 8:00 AM

I took the time to perfect my morning routine. I learned what other successful people did with their mornings, and modified them to fit my lifestyle. This is the one daily discipline I try to stick to as much as possible. Although sometimes, “life” does get in the way. But I’ve realized that on the mornings I follow it, my day is much more productive.

To help you find inspiration for crafting your ultimate morning routine, I want to share mine with you. Here are nine things that successful people do before 8:00 am:

1. Get up. A common denominator among successful people is that they’re early risers. Forming this habit can be hard at first, but if you stick with it, it will become second nature. Waking up early ensures that you’ll maximize your morning routine, because you’ll have more time to do it. You’ll have more “you” time, which after all, is the whole point of your morning routine. However, it’s important not to sacrifice your sleep simply to wake up early. Make sure you get at least 7 hours of sleep at night. Not only is it important for your health, but it makes getting up early easier to do.

2. Learn something new. It’s easy to forget about this important ingredient in the formula for success. Luckily, the morning is the perfect setting in which to work on your personal development. Mornings can bring peace and quiet, before the kids wake up and the noise from the daily grind starts. Take advantage of your morning by using it to read 15 pages of a good book, catch up on your favorite blog, or read the latest article written by one of your mentors. (LIFE HACK – If you exercise on a stationary machine like a bike, treadmill, or elliptical, reading is a great way to make the time go faster.)

3. Exercise. If you’re like me, when I come home, I’m in family mode. The kids have activities to get to and homework to do, and I want to spend time with my wife. The last thing I want to do – let alone have time to do – is exercise. That’s why the morning is one of the most ideal times to get your work-out checked off your list. Not only that, but exercise is proven to boost your mental functioning, energy and improve your mood. A morning workout can mean more energy and clarity during the day. Plus, your health is important – make it a priority, even if you can only spare 20 minutes.

4. Prioritize your tasks/goals for the day. Think about what you have on the agenda for the day. What are your important “must dos?” One of the first things I do in the morning is write down my priority actions for the day. I know that even if I only get those things done, I still had a productive day. This helps you walk into your day with a game plan, and prevents you from getting lost in things that can detract from your productivity.

5. Write down one thing you’re grateful for. Keeping a positive outlook on life, being successful, it all starts with gratitude. It’s easy to get caught up in the negative – to only see the problems, or what could be when you look at your life. It’s important to consciously stop and remind yourself of all the good things you have in your life. Keep a gratitude journal, and every morning, write down one thing that you’re grateful for. It doesn’t need to be complicated. Then at the end of the year, you’ll have identified 365 things that you’re grateful for. Sounds like the foundation for a happy life to me.

6. Don’t look at your phone. One of the biggest mistakes you can make in the morning is waking up and immediately looking at your phone. Checking emails, looking at social media, are things that can throw off your morning routine. Remember, this is your “you” time – it’s okay to shut the rest of the world out for a few hours. But if you’re one of those people who just can’t resist the glow of your screen, try to modify when you check it. Set yourself a time limit, and say that you’re not going to check your phone until 7:30.

7. Eat breakfast. Breakfast is the most important meal of the day – in case you haven’t heard that before. I’ll be the first to admit I always struggle with this one. But, making sure that you eat breakfast is almost like working out. It can boost mental functioning, energy and focus throughout the day. It’s also proven that people who eat breakfast eat less during the day, and tend to weigh less than people who don’t. Even if it’s a quick protein shake or breakfast smoothie, try and squeeze it in.

8. Cross one thing off your personal to-do list. Sometimes, finding the right work life balance can be difficult. This is another instance where your morning can be useful. Take this time to try and cross one thing off your personal to-do list – whether it’s to get that week-old laundry put away, spend time with your spouse, take out the trash, or empty the dishwasher. Knowing that you can go home at the end of the day without a million things to do around the house can be great for productivity.

9. Finally, get to work. Now, it’s 8:00. It’s time to work – to step out into the world, answer emails, take phone calls, and grind.

Why Does it Matter to You?

Sticking to a morning routine means you’ll be practicing habits that foster good health, higher productivity, and the ability to handle situations thrown your way during the day.

By no means is the routine I’ve laid out here the end all be all solution. These are simply common denominators I’ve found in the morning routines of other successful people I admire. I then built a routine I could apply to my life.

Your morning routine will be unique to you. Maybe nighttime is the best part of the day for you to exercise. Maybe you like to start working at 7:30. Maybe you read on your lunch break. Whatever your simple disciplines may look like, the point is to make a morning routine that fits with your lifestyle, and that you can stick to. That ensures you’re practicing good habits from the moment you wake up, and that your day will be as productive as possible. It may take a few attempts to find what will work best for you, but once you find your groove, the positive impact it can have on your entire day is incredible.

5 Reasons Why You’ll Never Find the Motivation to Change Your Life

The video above is taking the viral world by storm. It features motivational speaker and author Mel Robbins explaining why motivation is garbage. And after watching it, I couldn’t agree with her more.

We commonly resort to thinking people who don’t execute on their ideas simply aren’t motivated. They’re lazy. They lack self-confidence. They just don’t want to do it. This couldn’t be farther from the truth.

You already know what you want to do in your personal life and in work. You already know why you want to do it. By all societal standards, this makes you “motivated.” But here’s the secret – knowing what to do, and why you want to do it will never be enough to make you do it. Motivation is garbage.

Nike Neglected to Tell the Whole Story

If the slogan for life was “Just do it,” we’d all be much happier. We’d all have everything we want.

But it’s not that simple. Think about all the things you want – why don’t you just do it? Because even though you know why you want to be an entrepreneur, you don’t feel like taking that risk. Because even though you know why your big idea has merit, you would feel hurt if it got shot down. So, you never open the doors. You never tell your boss. You never “just do it.” And nothing in your life changes.

That’s because when you put your feelings and thoughts in the ring to duke it out, your feelings will win every time. If you don’t “feel” like doing it, if you feel like it’s too risky, if you feel you could be ignored, then you’re not going to do it. Period. Not because you don’t know what to do and why, not because you’re not “motivated,” but because you can’t conquer your own feelings. Because you can’t outsmart your brain. Because you decided, all on your own, not to act.

Motivation is garbage.

5 Reasons Why You’ll Never Be Motivated to Change Your Life

Have you ever asked yourself why you can’t do the little things you know will change your life? To the point where they’re so simple, you almost start to wonder what the heck is wrong with you?

I have. Many times over. I could never figure it out – I couldn’t understand why doing the things that would change my life for the better were so hard to do. Even something as simple as finding 15 minutes a day to read a good book. But after listening to Robbins, what I couldn’t find reason in finally made sense. And I want to share what I’ve learned with you, in the hopes that you’re search will come to an end as well.

Here are the five reasons why you will never be motivated to change your life:

1. You hesitate. A new idea for a business, a product, a new paint color in the living room, whatever it may be, springs into your head, and then it happens – you hesitate. You start thinking about what you’re thinking about. This sends a stress signal to your brain, prompting it to wake up essentially. And herein lies the starting point for the whole problem. Your brain will recognize these hesitations as indicators that something is out of the ordinary, and will start to go into protection mode.

2. Your brain will stop you before you can start. Your brain is designed to protect you from things that are scary, uncomfortable, or difficult. But to change, to do the what you want, you have to do things that are scary, uncomfortable, or difficult. Enter protection mode – your brain will discourage you from doing these things even before you do them, every single time.

3. You’re only motivated to do the things that are easy. Change isn’t easy – it’s scary, uncomfortable, and difficult. Because of how your brain works, it will magnify the risks associated with change. It will discourage you from acting on new ideas, because your brain initially perceives them as problems. And it’s designed to protect you from them. This makes the problem even more complex – you’re never going to feel like doing the things you know you should do. So, you won’t. You’ll stick with what’s easy and familiar.

4. You keep waiting for motivation. Technically, you’re already motivated. You already know what to do and why you need to do it. So, why don’t you act? Because you keep waiting for that moment when you’ll feel ready. That moment when you’ll have just enough courage to do it. You keep waiting for motivation to find you, to spring you into action. Well, I have bad news – it’s never going to come. So, you’ll just keep thinking about it. You’ll never start doing, until you stop waiting for the motivation to do it.

5. You let the micro-moment pass you by. You have mere seconds between the formation of a new idea, and when your brain will kill it. This is the micro-moment in time when your idea has the potential to go from thought to reality. According to Robbins, you have five seconds, specifically, to physically act on a goal, or your brain will kill it. Most people will never be able to control their micro-moment – to act rather than remain passive.

Why Does It Matter to You?

At one point or another, you’ve thought to yourself, “I know what I need to do, I just need to find the motivation to do it.” This is a great way to set yourself up for failure – because motivation is garbage. You’ll never find the “motivation.”

Instead, start thinking “I know what I need to do, I just need to take the first step to actually do it.” You need to take control of the micro-moment. Robbins has been explaining this psychological shift for years, through her concept of the 5 Second Rule. Her TedX Talk on it has been viewed almost 10 million times.

If you want to pay off your credit card debt, cut them up. Right now. Want to reach your full financial potential? Start at square one and write down your monthly savings goal. Ready to lose weight? Set an alarm that prompts you to go to the gym. Have an ideal life you want to live? Cut out the first picture for your vision board. Have a business you want to start? Write down the name of the first person you need to call. Whatever it is you want to do, take one action right now to help you achieve that goal. When you take action, you start to build new habits, and erase current ones.

But until you realize that motivation isn’t enough to make you act, your life will never change. When you keep waiting for that perfect moment in which motivation will find you, your life will never change. If you don’t stop hesitating, if you don’t take control of the micro-moment, your life will never change. Until you stop thinking and talking, and start doing, your life will never change. You’ll wake up 10 years from now and still be in exactly the same spot. How miserable does that sound?

Instead, make the decision to act in a way that changes your life. Changing your decisions changes everything.

These 15 Bad Habits Are Stopping You From Reaching Your Full Financial Potential

Everyone wants to reach their full financial potential. After all, that’s why you work, why you invest, why you do it all – to live the life you want. But unfortunately, most people practice bad habits that limit their potential.

I’ve been there. I made those choices that seemed insignificant at the time, but that later compounded and became the heavy weights that held me down. That’s the tricky part – sometimes you don’t realize you have  bad habits until much later. I let myself get in my own head, I blamed others around me, and nothing changed much in my life.

Then I had my day of reckoning. I decided that if I wanted to radically change my life, if I wanted to create an environment that furthered my most important goals, rather than being a product of my environment, that was on ME. I had to make that happen.

And it all started with overcoming my bad habits.

Overcoming Your Inner Beach Bum

I would dare to say that no one is born doomed to fail – you weren’t. We’re all born with the same potential for success and failure. To reference Jeff Olson who said it best in his book The Slight Edge, “We all have the potential to be a beach bum and a millionaire within us.”

You see, something I’ve learned over the years is that secret to success is found in your daily routine. And you’ll never change your life, you’ll never reach your full financial potential, until you change what you do daily. Until you change your habits. I didn’t – until the day the secret to success hit me like a ton of bricks.

The secret to success is simple – successful people have good habits, and unsuccessful people have bad habits.

Now, I won’t lie to you and tell you that changing your habits is easy. It sure wasn’t an easy, overnight process for me. Heck, it’s much easier to be a beach bum than it is to be a millionaire. It took years of coaching seminars, reading books, and learning from my successful peers for my day of reckoning to occur. For the realization that my own bad habits were holding me back to take root and bloom. But once it did, my life changed for the better in every way possible.

15 Bad Habits Holding You Back from Reaching Your Full Financial Potential

You shouldn’t short-change yourself when it comes to your quest for personal development. I encourage you to take advantage of every resource you can get your hands on. And this quick list is the perfect one to get you started.

Here are 15 bad habits that are holding you back from reaching your full financial potential:

1. Sleeping in as late as possible. Not everyone is a morning person – then again, not everyone is financially successful. Every successful person I know starts their day before the sun comes up. This time should be used to focus on you – organize your day, enjoy a cup of coffee while you watch the news, exercise, prioritize your goals for the day. You get the point. Being an early riser can make you a much more productive person. And higher productivity means a higher likelihood of success.

2. Not paying yourself first. I’m about to share one of the easiest, most boring get-rich secrets with you – pay yourself first. This is one of THE most important ingredients in reaching your full financial potential. You should focus on saving 15%-20% of your income annually. If you can’t do this, everything else has to work that much harder to pick up the slack. You have no safety net, and it puts additional pressure on other areas of your financial life.

3. Neglecting your physical health. You may not think your physical health has anything to do with reaching your full financial potential, but it does. Again, successful people make their health a priority. When you’re unhealthy, you tend to be more tired and less productive. In fact, on days when I don’t work out, I can see a difference in my energy throughout the day. Exercise is one of the best, natural ways to boost energy, relieve stress, and sharpen your mental focus.

4. Neglecting your mental health. Be sure that you don’t overlook your mental health, either. This is just as important as your physical health. Every day, you should spend some quiet time inside your mind. You can use this time however it will most benefit you. Maybe it’s reflecting on the things you’re grateful for, or visualizing your day ahead and how you can make it successful.

5. Racking up bad debt carelessly. Bad debt is equivalent to short-term, high interest debt. Credit cards are a great example. I would recommend living by the following saying most of the time – if you can’t pay for it in cash, you probably can’t afford it. Now, of course there are special exceptions, but this is generally a good rule of thumb. Carelessly racking up credit card to live a lifestyle you can’t afford – and not saving your money – is a recipe for disaster. And a sure way to never reach your full financial potential.

6. Neglecting your own personal development. Successful people take the time to improve themselves. And one of the best ways to do this is by reading. Warren Buffett, Bill Gates, and the like all have one thing in common – they’re voracious readers. Expanding your knowledge pushes you to dream bigger – to never give up, even when you’ve reached one success milestone. Your bank account and your personal development are correlated. If your net worth doesn’t match your personal development, it will shrink back down to where your potential limits it. Spending just 15 minutes a day reading a good book can do wonders.

7. Overlooking your true cost of living. In other words, not paying attention to what the “small” things are really costing you. For example, say you buy a $5 coffee every morning. This means you’re spending $960 a year on coffee. But what it’s really costing you is what could have done with that money instead. What if you’d invested that money annually instead? Earning 8% growth, that would produce a gross value in 10 years of $15,020. Now, I’m not saying you have to sacrifice your morning Starbucks routine. But you do need to be aware of your true cost of living. You have to implement strategies to offset your lost opportunity costs.

8. Not accepting responsibility. A lot of people struggle with the concept of responsibility. Maybe that’s because we say it in ways that can sound negative – you know, “grow up and take responsibility for your actions.” But responsibility isn’t a form of blame or something you should avoid. Accepting responsibility means that you’re the cause of everything that happens in your life. It means that no one is responsible for your success or failure but yourself. Until this sinks in, you’ll struggle to find the motivation necessary to reach your full financial potential.

9. Speculating and gambling with your money. Or engaging in bad investor behavior period. Timing the market, stock picking, listening to market forecasters, and making emotionally charged investment decisions are all bad habits. Sure, there’s an opportunity for success if you engage in these behaviors. But there’s an even greater opportunity for failure. You get one shot at your financial journey – ONE. And failure is not an option.

10. Thinking with a scarcity mindset. Success starts with your mindset – your mindset creates your attitude, creates your behavior, creates your results, creates your life. A scarcity mindset traps you in thinking you can’t afford to practice good habits, your past dictates the future, and you’ll never have enough while others have plenty. It traps you in thinking “I can’t do that.” And you’ll settle for what is rather than breaking through to what could be – to living the life you want.

11. Hanging out with the wrong people. You’ve probably heard that you’re the average of your five closest friends. Well, it’s true. If you hang out with people who aren’t goal-oriented, striving for something better, challenging themselves, or working toward financial independence, you probably won’t either.

12. Not setting goals. You have to set financial goals for yourself. How else do you measure your progress? How else do you have something to look forward to? You need to write your goals down on paper, and monitor your progress regularly. But make sure that you’re capable of accomplishing them. Otherwise you’re setting yourself up for failure. A good way to do this is to make sure your goals are SMART – specific, measurable, achievable, realistic, time-based.

13. Searching for the instant button. You’ll never reach your full financial potential if you’re always searching for the instant button. Success isn’t instant. You’re not going to see the results from your hard work in five days, five weeks, or even five months. It’s not until the summation of all those good habits overtime produce an end result that the drastic difference is realized.

14. Procrastination. “There’s always tomorrow.” This justification should not be part of your philosophy. What if you were to die today? what would your tombstone say? Would it be complete, or would there be much left unsaid? Now, if we could extend your life, what would you change? What more could you accomplish? What would be the culmination of your life that people would remember? It’s one thing to say you want to reach your full financial potential. It’s another thing to do it. But you have to stop talking and thinking, and start doing.

15. Neglecting to define your “why.” Before you can reach your full financial potential, you have to define your “why” for money. What is it that money truly enables you to do? What purpose does it serve in your life? What are your most important values? Are your financial behaviors furthering them? Only then can clearly define your “why” – the thing that drives everything you do. Until you define your why, you don’t have anything to fight for.

3 Reasons Why You Should Value Mind Over Money

We live in a world full of information on how to find financial success, enough information that everyone should be able to reach their full financial potential. It’s the truth staring all of us in the face, but that only a few can clearly see. That’s because 95% of people are missing the crucial first ingredient in the recipe for success – cultivating the right mindset.

A Tale of Two Minds

There are two general mindsets – scarcity and abundance. Not only is a scarcity mindset the most common one, but it’s also a common denominator among those who never reach their full financial potential. This mindset gives you the illusion that you never have enough. It leads you to believe you can’t afford to practice the good habits that inch you closer to financial success. You settle in thinking that you can’t achieve more than where you are, and accept that your dreams will never become a reality. It’s the curtain that hides that truth staring you in the face.

A scarcity mindset makes you think “I can’t do that.” An abundance mindset makes you think “How can I do that?” This pivotal phrase is the first step in pulling back the curtain. Unlike scarcity, an abundance mindset helps you view every situation you encounter as an opportunity for success. You understand that if you continue those good habits that foster success, you will eventually achieve your goals and then some. This is how you break through the glass ceiling between what is and what could be. It’s how you make your dreams a reality and live the life you want. It’s how you put yourself in a position of control over your destiny, and become the CEO of your financial life.

How to do Something Isn’t Doing it

You can easily find the answers for financial success. I educate my clients every day on how to reach their full financial potential, I give them the answers. But what many people lack is understanding that the answer is only the how to. And the how to is only information, it’s just the steps to follow for financial success. It isn’t applying that information to help you live the life you want.

This simple fact is the reason you will fail again and again, no matter how many books you read, talk shows you listen to or articles you collect. Knowing how to find financial success is only one piece of the puzzle, and not necessarily the most important one. The other, and more important, piece is applying those how tos in a way that inches you closer to success. In other words, how you do the how to is more important than the how to itself.

I’ll say it again – how you do the how to is more important than the how to itself.

3 Reasons Why You Should Value Mind Over Money

This leads us to my central message – reaching your full financial potential is impossible until you learn to value mind over money. Here are three reasons why:

1. Success starts with your mindset. The human psyche is linear – your attitude creates your actions, creates your results, creates your life. Therefore, you may think all you need is an attitude adjustment. But that’s still not enough. What creates your attitude? Your mindset – your mindset creates your philosophy, creates your attitude, creates your actions, creates your results, creates your life. A scarcity mindset means you will live and behave accordingly. An abundance mindset means you will live and behave accordingly.

2. Success means doing what others won’t. Financial success, or success in any area of your life, is simple – do the little things that breed good habits consistently. Even the little things that seem insignificant. What’s difficult is actually doing the things that push you closer to success. They’re easy to do, and just as easy not to do. So, you have to change your priorities, the way you go about your daily life in general. You have to change your mindset, the way you think about the decisions you make. Successful people are willing to do what others are not willing to do.

3. Success means mastering the mundane. Those who succeed understand the difference between success and failure lies in the choices you make every day. Simple, positive actions, repeated over and over, that push you toward success. Or simple errors in judgement, repeated over and over, dragging you down toward failure. And again, doing what it takes to be successful isn’t difficult – there’s nothing difficult about mastering the mundane. Saving an extra $100 a month isn’t going to make you rich overnight. But that positive action, compounded and growing over time, will. You must simply make the conscious effort to view your life through the lens of abundance, and be willing to consistently do the things that others are not.

Why Does it Matter to You?

Benjamin Franklin once said, “An investment in knowledge pays the best interest.” I would amend this to say, “An investment in your personal growth and development pays the best interest.”

If you were to ask me if I would rather have a million dollars in the bank or a million-dollar mindset, I would opt for the million-dollar mindset all day long. Sure, it would be great to have a million dollars, but it’s even better to be worth a million dollars. If you start your journey toward financial success with a million-dollar mindset, it won’t be long before you’ve reached your full financial potential. But if you don’t have the right mindset, all the money in the world can’t guarantee your ability to succeed. This is because how much money you have and your level of personal development share a symbiotic relationship. They are constantly working to balance each other out. If your net worth doesn’t match your personal development, it will shrink back down to where your development limits it. But, if you’re always challenging yourself to grow, working on your personal development, then your net worth will rise to catch up with it. You can either become as small as the balance in your bank account, or as big as your greatest dream.

As someone who has spent more than a decade educating, guiding, and counseling people to reach their full financial potential, I can tell you that not everyone is inherently wired to succeed. But that doesn’t mean you should be tossed to the side. Your future can still be a successful one, you can still live the life you want to live. You just need to cultivate the right mindset.

Memories from a Millennial: 7 Simple Ways to Teach Your Kids About Money at Every Age

As important as money is to our everyday lives, it’s always baffled me what little is done in the education system to teach your kids about money.

I guess I can’t say they didn’t try though. When I was in elementary school, we took a field trip to a place called Exchange City. It was a mock town set-up in a children’s learning center. In the town, everyone had a job that they were paid for, and could then go spend their money in the stores. And I guess I did leave high school knowing that an IRA was used to save for retirement.

They’re Always Watching

Much of what I learned about money came from my parents. I still remember when my parents made me open my first savings account at a bank when I was teenager. I watched how my parents spent money, listened to how they talked about it my entire life. While I never wanted to for anything growing up, I understood the importance of not living above your means. I understood the importance of saving, and that your wallet should never be full of credit cards.

However, I graduated college never having paid a bill in my life. My parents made my brother and I the promise that if we went to college, worked hard and graduated in good standing, they would take care of housing expenses. And guess what my dad made me do when I signed my first lease in the “real” world? He made me pay the deposit, first month’s rent, and moving costs all by myself. To go from never paying a bill in my life to dropping a few grand – not to mention the cost of living I would incur moving forward – knocked the wind out of me. While I’m forever grateful for the opportunities my parents gave me, that was one of my biggest reality shocks to date.

Now at age 26, I’m actually very proud of the financial progress I’ve made. That savings account my parents made me open over 10 years ago I still have – and it has a very healthy balance in it. I’ve started saving for long-term goals. But all of this is because of what my parents taught me about money. I didn’t learn my good habits from school – I learned them from my parents.

7 Simple Ways to Teach Your Kids About Money at Every Age

Giving your children this foundation is essential. I don’t know where I would be today if my parents hadn’t done it for me. And it’s easier than you may think.

Pulling from my own childhood memory bank, here are seven simple ways to teach your kids about money at every age:

1. Waiting to buy something you want. I was in the store the other day, and in front of me walking down the aisle a boy was bugging his mom for a toy. When she said they didn’t have money for that right now, he fired back with “Just put it on your credit card.” Kids are smart. If you’re constantly whipping out your credit card to buy whatever you – or they – want on the spot, they learn they can buy anything, any time. Rather, teach them the importance of saving their money to make a purchase. This is a hard concept for even most adults to grasp, but the positive effects that come from mastering it are invaluable.

2. Designate money for saving and spending. I remember that I always had “spending” money and “saving” money. In fact, I still do as an adult – you probably do too, even if you don’t consciously call it that. Kids need to understand that you can’t spend everything you make. A portion of their money should be put into savings every time they earn it. Then, the other portion can be used for their spending money. This starts to form the good habit of “paying yourself first” at a young age – something I’m very grateful that my parents taught me.

3. Congratulate them on saving their money. Saving money is boring. It’s way more fun to spend it. And your kids will quickly realize this once you start giving them money. Tell them this upfront, be direct with them. But, stress the importance of this “boring” habit. And make it fun – when they’re younger, track their savings progress and make a big deal about how much they’ve saved. Show them how much they could have if they keep saving, talk through it with them and tell them how much they need to reach their goal and when they’ll reach it.

4. Show them how to spend money wisely. This is probably the second most important lesson. Kids need to understand that money is finite – once you spend it, it’s gone until you can earn more. Be firm, and don’t let them dip into their savings. That money is only for emergencies or unexpected costs. If they buy that video game, they can’t buy that toy. When they’re older, involve them in some of your financial decisions to show them your reasoning. This helps them weigh decisions and understand those decisions have consequences.

4. Don’t hand out money for free. One of the biggest mistakes you can make is giving your kids money for no reason. This can teach them that they don’t have to work for money. My brother and I had to do chores in exchange for an allowance when we were younger. If we worked hard and got good grades, we got $5 for every A and $50 for straight As. Do I need to say how hard I worked to get straight As in high school? If I was in sports, I still had to do chores for an allowance, even though my parents did help fill in here and there. If I wasn’t in sports and was old enough to have a job, that was my only option. Mom and dad weren’t handing it out for free.

5. Make your kids get a job. As annoying as it was at the time, I’m so glad that my parents made me get a job when I was teenager. Not only does it teach your kids responsibility, but it opens their eyes to many things about money, like taxes. They’ll also take pride in earning their “own” money, not money from mom and dad. This isn’t only applicable to teenagers either – when your kids are younger, treat chores like their job.

6. Compound interest is powerful. Even young kids can grasp the basics of this concept. Give them a certain amount of extra money every month – say 50 cents or a dollar. Tell them this is the interest that their money earned, and talk through it with them. Explain to them that money can make money. Once they’re teenagers, a good idea is to have them open up a bank account. While interest on savings accounts can be low, it still teaches them the foundation for how it works. This can help them understand the importance of saving even more, and how it can help them when they start investing for long-term goals as an adult.

7. Explain the concept of “credit.” A crucial lesson to teach your children is that using a credit card means you’re using borrowed money. I remember seeing my parents put things on their credit cards when I was younger, but not grasping how credit worked until they actually explained it to me. Teach your kids that purchasing items with credit cards is essentially making a purchase with borrowed money. You have to pay that money back every month, and if you don’t, you’ll pay extremely high interest. This is a great plug for telling them you should never charge more on your credit cards than you can afford to pay off in a month.

Why Does it Matter to You?

Parents, knowing how to teach your kids about money is crucial. Of all of the lessons you will teach them, lessons in money are some of the most important ones they’ll get. It will shape their view on money for their entire life. It lays the foundation for whether they will fail or succeed financially. Think back to what your parents taught you about money, about the things they did with money or how they spoke about it. Chances are, you still think and talk about money in a similar way. Your kids will be thinking and talking similarly when they look back 20 years from now. And guess what? What you teach your kids about money, they will teach theirs. Give them the tools to succeed.

9 Ways to Make Sure You Accomplish Your New Year’s Resolutions

The new year is finally upon us. It’s the perfect time to reflect on what’s happened in your life over the past 365 days, and create your New Year’s Resolutions. What are you most thankful for? What did you accomplish? What boxes were left unchecked?

One of the best parts about starting a new year is the ability to essentially start over – you’re walking into 2017 with a clean slate. This is why you make New Year’s resolutions, so that you can start doing all of those new things you’ve talked about or accomplish your most important goals.

So, why do so many of us never do what we say we’re going to do? Why do we never accomplish our New Year’s resolutions? It’s not because there’s a lack of “how to” information – in fact, there’s almost an overload. Everywhere you look has tips on how to better yourself, from the extra dollar a week savings challenge to how to get killer abs in just 15 minutes a day. What we lack are tactics to help us successfully do the “how to.”

The “how,” your New Year’s resolution, is only information. It isn’t applying those resolutions to help you accomplish your goals. How you do the how to – how you go about doing your resolutions – is more important than your resolutions themselves.

9 Ways to Make Sure You Accomplish Your New Year’s Resolutions

Here are 9 ways to go about doing your New Year’s resolutions to make sure you accomplish them:

1. Set realistic goals. This is the number one reason why you won’t accomplish your New Year’s resolutions – you don’t set realistic goals for yourself. And you will fail because of that. Why do you think gyms start clearing out around February? When you don’t see your dream body staring back at you after the first month, it’s easy to get discouraged. But, life doesn’t come with an instant button –  achieving a goal takes time, patience, and dedication. Not only do you need to be realistic about the goals you’re setting, but break them down into smaller goals. That way you can see yourself making progress regularly.

2. Track your progress. Sometimes, your progress can be small enough that you don’t notice it. This is why using something to track your progress weekly, even daily, is helpful. For example, our digital wealth management platform, JB Wealth Builder, monitors your financial health daily. It gives you the ability to produce a picture of your complete, current financial position in real time so that you can continuously monitor your progress toward your goals.

3. Form good habits. Successful people have good habits. Unsuccessful people have bad habits. It’s just that simple. Think about the actions you take every day – are they helping you inch closer toward success, or are they keeping you stagnant, even pushing you closer to failure? The simple, mundane choices you make every day will determine where you end up. Making sure that you have good habits, that you are making choices that inch you closer to success every day is essential. At first, a new habit will feel forced. But eventually, it will become second nature and part of your daily routine.

4. Surround yourself with positive people. You’re the average of your five closest friends – physically, mentally, professionally and personally. You really do become who you associate with. This is why surrounding yourself with people who are motivated, goal oriented and have an overall positive outlook on life is important. But it doesn’t just stop with your inner circle. Think about the people you look up to, the people you idolize. Are they putting positivity out into the world? Are they motivating you to be a better person, to be successful? If not, they shouldn’t be on your list of heroes.

5. Find an accountability partner. It’s easy to hit the snooze button and miss your morning workout when you’re the only one showing up. But what if you had a trainer counting on you to be there? A friend who attended your workout classes with you? You have much more motivation to show up and work out in these instances, because you have someone besides yourself depending on you – you have someone else holding you accountable. In a recent study, 70% of participants who sent weekly goal updates to a friend reported accomplishing them. This is just one example of the positive affect from an accountability partner.

6. Hold yourself accountable. Yes, we just told you to find an accountability partner. But, what is most important is that you hold yourself accountable. A lot of people struggle with the concept of responsibility. Maybe that’s because we say it in ways that can sound negative – you know, “ grow up and take responsibility for your actions.” But it isn’t a form of blame, it’s not something to avoid. Rather, responsibility means that you are the cause of everything that happens in your life. It means that no one is responsible for your success or failure but yourself.

7. Stop, think, plan and write it down. As simple as it sounds, people will routinely say they don’t have time to stop and think. But taking the time to stop and think about where you are and where you’re trying to go is important. Then, make a plan for how you’re going to get there and write it down. Remember in school when you thought writing down all of those notes was a waste of time? Well in case it hasn’t hit you by now, it certainly wasn’t. It’s scientifically proven that you are more likely to retain information and accomplish goals when you write them down.

8. Read. Reading is one of the best ways to better yourself. Ask any successful person, and you will find that they learned much of what they practice from reading. And I’m not just talking about reading for entertainment – that’s fun, but it won’t help you grow. Mix in books focused on personal development as well. Spending just 15 minutes a day reading these kinds of books can do wonders for your mind. Check out these recommendations from the Jarred Bunch bookshelf to get you started.

9. Give yourself something to look forward to. Your resolutions should produce things for you to look forward to. These should be rewards for the effort you’re putting in. Maybe it’s a vacation since you’ve exceeded your savings goal or a shopping spree for new clothes since you’ve lost weight. When you have things to look forward to – rewards for your hard work – you’re more likely to act in a way that ensures you will accomplish what you’re working toward. Plus, doing things for yourself is essential for happy human functioning.

How to Stop Surviving and Maintain Success in 4 Easy Steps

Here’s a dirty little life secret – the formula for success is simple. In fact, it’s so simple that everyone is capable of succeeding, of accomplishing their most important goals. Even you. It boils down to this – success takes what it takes.

So, if it’s that simple, why isn’t everyone uber-successful and wealthy? Why will the majority of us fail? Jeff Olson discusses this in his book The Slight Edge. I would highly recommend reading this – it’s lifechanging, and is where much of the following ideology comes from. It’s because of the little, seemingly insignificant choices that you make every day.

Failure, Survival and Success

In life, you can either fail, survive or succeed. For most people, success is fleeting – they will spend the majority of their life fluctuating between failure and survival.

If you’re failing, it means you’re not living the life you want, you’re not accomplishing your most important goals. Finding yourself in this state or near it will prompt you to spring into action. This is how you get back to surviving. This is the pivotal moment in your life.

If you’re surviving, you’re already on your way to success. In fact, you may have accomplished one or more of your most important goals. The reason that pure, raw success is so rare is because when you find yourself on the upward trend, something triggers you to stop – whether you’re aware of it or not. Think of it as going on auto-pilot. Instead of continuing the climb toward sustained success, you can find yourself slipping back toward failure. And the never-ending roller coaster ensues.

What I’m about to tell you next is critical – if you only take away one thing from here, this should be it. If you can survive, you can succeed. Heck, even if you fail, you can succeed. Many people never understand this.

How to Maintain Success in 4 Easy Steps

Surviving means doing just enough to get by – just enough to reach a milestone, but never pushing yourself to break through the glass ceiling above and reach a higher level of success, a better version of yourself that takes you closer to the life you want to live.

The ability to accomplish this comes from maintaining success. Here’s how you can stop surviving and maintain success in four easy steps:

1. Audit your philosophy. There are more how-to books, seminars, programs, and speakers that teach people the paths to success than you can fathom. But it’s not the how-to that matters when it comes maintaining success. It’s your philosophy. You have to understand your “why,” for money, for life, for all of it. Until you clearly understand what it is you want, you have nothing to fight for. You have nothing guiding your daily choices. Your “why” is what is important to you, the values you hold close and how what you do builds the life you want. It isn’t until you uncover your “why” that you’ll be able to change the way you think about the simple choices you make every day.

2. Focus on what seems insignificant. Little things can produce big results. So, go ahead, save that extra $50 a month into your savings account. Do that 20 minutes of cardio every day if that’s all you have time for. When you force yourself to take action – even if it seems too insignificant to matter – you’re training yourself to cultivate good habits. Eventually, those insignificant actions are going to build, they’re going to become more substantial. And when that happens, bettering yourself won’t be a question of “if,” but instead will be a priority. It will have become second nature.

3. Stop searching for the instant button. Success isn’t instant. This is exactly why people fail over and over again – they expect instant results. If you go to the gym for a month, you can be easily discouraged when your dream body isn’t staring back at you in the mirror. So, you give up. But remember, those seemingly insignificant actions build over time. You can’t see the results from these actions in five days, five weeks or even five months. It’s not until the summation of all of those small actions over time – all of those work outs over the course of a year – produce an end result that the drastic difference is realized.

4. Keep doing what you’re doing. The very same actions that carry you from failure to survival are the exact same actions that will carry you from survival to success. But only if you keep doing them. Once you start to taste success, it’s common for you to stop doing the things that you got there. You stop practicing good habits, making those seemingly insignificant choices that are pushing you forward every day. The only way to break through to success – and to maintain that success – is to keep doing what you got there in the first place. Yes, that’s the big secret.

Why Does it Matter to You?

Success takes what it takes – it takes repeating seemingly insignificant actions over time. Without your “why” you have nothing to fight for – it’s more than an attitude adjustment, it’s defining the philosophy that creates your attitude, which then dictates your actions.

This is why success starts with your mindset. It’s your “why” that helps you see that the small, mundane choices you make every day are playing an essential role in your journey toward success. It helps you understand these choices are what dictate whether you fail, survive, or succeed. It also helps you understand that success is incredibly simple, because you realize that you already know how to do what it takes to maintain success – those things that helped you survive, and got you to where you are today. You’ll also understand that success is incredibly difficult, because it’s just as easy to not be successful, to stop practicing the good habits that started you on your upward trend.

You have the potential to live the life you want, and you have the potential to be a flat-out failure. Which person you’ll be is under no one’s control but your own.

3 Ways That Complaining Can Make You a More Negative Person

Research suggests that most people complain once a minute during a typical conversation. In fact, the same research suggests that we complain so much, most people don’t even know they’re doing it. Our brains don’t register it as complaining, but the negative side effects compound with every complaint.

Feelings Aside…

Complaining is tempting because it causes a feel-good effect for you, the complainer. Not only does it allow you to openly express your feelings, it helps you gain justification for the way you feel from others. It also helps you establish conversations and rapport with people who may just be meeting for the first time. Don’t believe me? Think about every time you ride in an elevator with another person. How do you start conversations with them? Maybe it’s something like, “Thankfully it’s Friday, huh?”, or what about “It sure is cold out there this morning isn’t it?”. While these are typical conversation starters that make you likable, they’re also complaints. You may complain a few times before you even get off the elevator, before you even truly start your day.

While complaining may feel good, it’s just like every other thing that may feel good but not actually be good for you. It isn’t good for your overall well-being, and is actually proven to make even the peppiest of people more negative.

Three Ways Complaining Makes You More of a Negative Person

1. It actually wires your brain for negativity. Even though it’s an incredibly powerful machine, our brains don’t like to work any harder than they have to – they favor efficiency. When you complain regularly, or engage in any activity on a regular basis, your neurons branch out and connect to each other so that information can flow easier. This is a gateway for easy repetition of that behavior in the future. In this case, it means that future complaining will come easy to you. In essence, you’re literally re-wiring your brain for negativity. But it’s not just a network of negative-infused neurons that can cause problems. A study from Stanford University showed that complaining can also affect other areas of your brain, like shrinking your hippocampus. This part of the brain is important for problem solving and intelligent thought.

2. It’s bad for your health. Aside from the mental implications, complaining can also affect your health. When you complain, your body releases cortisol. This is a stress hormone that can raise your blood pressure or blood sugar. As with any type of stress, increased cortisol can cause you to feel anxious regularly, cause difficulty falling and stay asleep, regular headaches, weight gain, and impaired immune system and more. It can also make you more susceptible to high cholesterol, diabetes, heart disease and obesity. It can even make you make more vulnerable to strokes.

3. It prompts you to surround yourself with other complainers. As humans, we like to surround ourselves with those who confirm our biases or beliefs. We like to hang out with people who think like we do. When comradery is formed through complaining, it can make you seek out more people who enjoy partaking in the activity with you, or who have the same complaints that you do. But the old saying you become who you associate with has merit here. Our brains naturally and unconsciously mimic the moods of those around us. Therefore, the more complainers you associate with, the more complaining you will participate in and the more negative you can ultimately become.

Why Does it Matter to You?

Cutting down on complaining preserves positivity and your well-being. There are two simple ways you can do that.

First, reflect on everything that you are grateful for in your life. It’s easy to just focus on the negative things happening around us. But when you stop and think about all of the good happening around you, all of the things you have to be thankful for, you’ll probably find that they far outweigh the bad. Research from the University of California, Davis found that people who take the time to focus on what they’re grateful for every day are healthier and happier than those who don’t.

Second, if you must complain, engage in solution-oriented complaining. This kind of complaint has a clear purpose behind it, and is focused on addressing a specific issue. It also starts and ends with a positive. For example, if you’re having trouble with a co-worker, try complaining to your boss in this way – “I’ve really enjoyed working with Joe over the last five years, but lately he’s missed several important deadlines without much regard for how it impacts the other members of our department. How can we address this with him so that he and I can still have a good working relationship, but we ensure that our work is done efficiently and to the highest standard?

It’s foolish to say that you can completely eliminate complaining from your life. But rather than falling victim to it on a regular basis, employ one or both of the above strategies to stifle the negativity.

12 Tricks for Being More Productive During the Work Day

It seems like everyone is always wishing for more hours in their day. Think about how often you’ve said something along the lines of, “If only there were 26 hours in the day, then I could get everything done.” Well, we can’t control how many hours are in a day or wish the day longer. Why is it then that some people seem to accomplish more than you do?

We all have the same 24 hours in the day to accomplish our goals. The difference is how you utilize your time. Successful, productive people understand the importance of using every minute of their day efficiently. This is key to getting more done during the day.

12 Tricks to be More Productive During the Work Day

These 12 simple tricks will help you become a more productive you

1. Exercise in the morning. Exercising is one of the things that seems to get pushed to the wayside as you get older. This is why setting aside time to work out in the morning, before the kids are awake or your work day starts, is the perfect solution. Not only is regular exercise good for your health, but it’s also be shown to increase focus, productivity and is linked to a better mood. Try it one morning and see how much better you feel throughout the day.

2. Write down your to-do list daily. Planning out your daily tasks gives your mind a map of what it needs to focus on for the day. Prioritizing your tasks is important as well, so pull out your priority actions for the day from your list of tasks. These are the things that must get done. At the end of the day, you can gauge what you’ve accomplished. Also consider the value that you added to your workplace from accomplishing your tasks. Not only does this make you feel more productive, but helps you feel like you are working with a purpose.

3 Set up a system. Find how you work best and make it a system. Organizing your time during the day is a great way to do this. Layout your day by devoting certain blocks of time to certain things. Something that I’ve found helpful is creating focus days and buffer days. Focus days are for concentrating on your priority tasks, your big goals for the week. Buffer days can still include daily tasks, but can be used for other things aren’t necessarily daily tasks. For example, I meet with my leadership team on buffer days and focus on aspects of running the business, as opposed to meeting with clients.

4. Close your door. Don’t be afraid to schedule blocks of uninterrupted time for yourself. Make others aware of this also. A study by Microsoft researchers found that it can take the brain up to 15 minutes to refocus on the task at hand after your attention has been turned elsewhere. This is why making sure you have time where you can focus solely on the task at hand, without threat of interruption, is key to increasing productivity.

5. Put your phone away. Thanks to technology, we’re now constantly connected to our social groups, whether it be through social media, text or phone call. But these are also large distractions during the work day. That’s not to say that you can’t answer a text or take a phone call, but specify blocks of times where you put your phone away and don’t answer it. Remember that saying “out of sight, out of mind?” If your phone is out of site, you won’t be thinking about what your friend is posting on Facebook or itching to answer incoming text messages.

6. Focus on one thing at a time. You have to accomplish more than one thing in a day to be productive, but trying to focus on more than one thing at a time can actually hurt your productivity, as was found in a study by the American Psychological Association. How many times have you been talking to a co-worker while trying to type an email, and realized that you actually didn’t hear anything they said to you? Now magnify that effect for larger projects. As the study points out, we’re not designed for heavy-duty multitasking.

7. Say no when you have to. Helping your co-workers boosts a healthy workplace morale. However, taking on work from others to help them detracts from the priority tasks that you have to accomplish for the day. It can be hard to do, but saying no is critical for preserving your level of productivity. Also, if you can’t give something extra your best work and full attention, your help could actually be less helpful than you planned.

8. Eat lunch away from your desk. Even though interruptions can affect productivity, it’s also been shown that stepping away from your work for a short amount of time can be helpful for rejuvenating your mind. Rather than always working through your lunch and eating at your desk, use it as an opportunity to step away from your work and clear your mind, even if it’s only for 30 minutes. It’s hard to be constantly firing on all cylinders for eight or more hours at a time.

9. Sleep. Getting enough sleep at night is key to high levels of productivity. A lack of sleep can cause your mind to feel cloudy, and can even affect your general well-being. According to the National Sleep Foundation, the average adult needs seven to nine hours of sleep a night. Are you getting enough? Try to find a routine at night, like going into your room at the same time every night or reading before bed.

10. Keep a clean inbox. When you open your email and see 100 messages sitting in your inbox, it can immediately induce anxiety. It can also cause important messages to get lost in the clutter. Delete emails that you don’t need. Make folders and file emails accordingly once you’ve responded to them. A clutter-free inbox is the first step to a clutter-free mind.

11. Make your time valuable. Don’t fill your day with unnecessary meetings. Make sure that any meeting on your schedule is truly necessary, that you’re prepared for it and that the objective of why you’re meeting is clear. While there are times when you have to meet in person with people, decide if what you’re discussing can be done through email or on the phone.

12. Leave work at work. There’s always going to be something that didn’t get done. But making work your life isn’t necessarily the healthiest, or most productive, strategy. Be content knowing that you used your time as efficiently as possible during the day, and accomplished your priority tasks. Then go home and enjoy time with your friends, family or doing things that you enjoy. Don’t check your email, don’t answer calls – unless you absolutely have to – and unplug.

10 Picks from the Jarred Bunch Bookshelf

“If you want to be successful, you have to stay teachable.”

This is one of the most important sayings you might ever hear. It’s simple and true. I’ve long believed that if you’re always the smartest person in the room, there’s a big problem. You’re not challenging yourself to grow into a better person.

Success doesn’t just happen, it’s learned. Who better to learn success from than those who have already achieved it and then some? That’s how you grow into a better version of yourself. I’ve spent the last 13 years learning how to be successful from others. And I have no intention to stop learning, or to stop being successful. Neither should you.

Ask any uber-successful person, and you will probably find that they are voracious readers in their spare time. Reading the experiences, thoughts and work of others is one of the best ways to learn. Former President George W. Bush used to engage colleagues in reading challenges; he read almost 100 books a year during his time in office. Warren Buffet is far from shy when it comes to acknowledging his ever-growing reading list. Taking the time to read is a key ingredient in becoming a more successful person in life and business.

These 10 picks from the Jarred Bunch bookshelf helped us inch closer to success and can do the same for you:

Rich Dad Poor Dad, by Robert Kiyosaki. This real-life tale compares the author’s biological father (the poor dad) against the father of his childhood best friend (the rich dad). It will open your eyes to the divide among those who live in scarcity mode, as opposed to those who live with an abundance mindset. Two fundamental concepts will come to you from this book: An abundance mindset and an attitude cultivated in fearless entrepreneurship.

L.E.A.P: Lifetime Economic Acceleration Process, by Robert Castiglione. A big influencer in the financial industry for almost 30 years, Castiglione created a blueprint for how to accelerate wealth building and sustain it for life. The cornerstone of this book lies in his quest to morph traditional financial planning into something better for the new age. You’ll uncover several foundation elements for reaching your full financial potential here.

The Snowball: Warren Buffett and the Business of Life, by Alice Schroeder. At 10 years old, Buffett was already visiting Wall Street, engaging a senior partner at Goldman Sachs in a conversation that resulted in the partner asking Buffett which stock he liked. Even if you not an entrepreneur, Buffett’s biography has applicable insight. Appropriately titled “The Snowball,” Schroeder depicts how Buffett never quit striving for success; he worked tirelessly to make things for himself bigger and better. It winds between tales of lessons learned, goals crushed and immense respect earned.

Crush It, by Gary Vaynerchuk. Vaynerchuk is the CEO of VaynerMedia, entrepreneur, motivational speaker, author and up-and-coming digital marketing mogul. Crush It will teach you the three golden rules to success: 1) Love your family, 2) Work incredibly hard, 3) Live your passion. Instead of measuring success based on how big your business is or how much money you have, you’ll learn to measure it based on how happy you are, and how satisfied you feel with what you’re doing every day.

Start With Why, by Simon Sinek. As Sinek points out, there is a distinct difference between leaders and those who lead. Leaders have found their “why,” their way of thinking, acting and communicating that enables them to inspire those around them. He explores the effect of motivating people through inspiration rather than manipulating people into action. Try your hand at becoming an inspirational leader by starting with your “why,” not “how” or “what.”

The Random Walk Guide to Investing, by Burton G. Malkiel. Based on the previous literary hit, A Random Walk Down Wall Street, Malkiel introduces his ten-point plan for success. This concise guide aims to take the mystery out of personal finance, and cuts through the thick jargon to make for an easy to read and follow piece. Confidence and knowledge to make better investment decisions are both by-products you’ll experience thanks to this book.

The Slight Edge, by Jeff Olson. If you’re looking to gain the extra edge in life, Olson’s book is a great addition to your library. He centers the book on your own personal philosophy and how you think, exploring the difference between entitled and value-driven attitudes. You’ll find a greater appreciation for the three gifts in life: 1) Love, 2) Money, 3) Wisdom. And you’ll gain a deeper understanding of why wisdom is the hardest gift to earn.

The Elements of Investing, by Charles D. Ellis & Burton G. Malkiel. Despite what the title may indicate, you won’t find much in the way of specific investment advice in this book. That’s one of the reasons why I like it. What you will find are the foundational elements you need to have in place in order to make good investment choices, along with a few general principles on how to invest. The book is simple and concise, but powerful in helping you understand the importance of building a sound foundation before you start investing.

The Compound Effect, by Darren Hardy. There are two key lessons you’ll learn from Hardy: You can reap huge rewards from small, seemingly insignificant actions and always take 100% responsibility for everything that happens to you. He also demonstrates the importance of aligning your values with your actions and goals, and why you need to design the life you want first, and the business you want second.

Thinking Fast and Slow, by Daniel Kahneman. If you’re a fast thinker, Kahneman would say that the “automatic” part of your brain is winning the fight for control against its “conscious” counterpart. Kahneman explores this struggle, and teaches the many ways in which this can lead to errors in memory, judgement and decisions. While you may always think fast, this book can help you learn how to successfully balance the art of thinking slow for improved cognitive functioning.

Younger Next Year, by Henry Lodge, M.D. and Chris Crowley. This co-authored book by doctor and patient creates a framework that explains why the things we all know we should do (eat right, exercise, etc.) are mandated by the laws of biology. You should make it point to live a healthy lifestyle as part of a successful lifestyle, according to Lodge and Crowley. The co-authors demonstrate why regular activity – now and especially when you’re older – is a demand of human evolution, not the fitness industry.