Welcome!

To this issue of the Denis Waitley International online newsletter. My goal is to offer valuable, relevant, leading edge, and interesting content, with some innovative and refreshing differences from the other ezines and newsletters you may be receiving.

Warm regards,
Denis Waitley

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In This Issue.....

1. This Week's Jumpstart
2. Champion Within Article
3. Seeds of Greatness
4. Winner's Edge Coaching Tips
5. Are you finishing in the money?
6. More Information

 

1. This Week's Jumpstart

Every Decision We Make has an "Opportunity Cost" by Denis Waitley

Every decision forfeits all other opportunities we had before we made it. We can't be two places at the same time. In their excellent management book, Tradeoffs, Drs. Greiff and Munter discuss the difficult options that face us in all areas of our lives. One case in point illustrates a common opportunity cost. It's a true anecdote they call, "Bicycle vs. Mother":

"John is a precocious eight-year-old boy. Both his parents work. His mother is a management consultant and travels frequently. After being away for several days, she arrived home late one night and hugged her son.

He said, 'Mom, I missed you. Why were you away so long?'

She smiled and replied, 'One of the reasons I was away was to make enough money to buy you the bicycle you wanted.'

Young John looked at her reflectively and stated, 'Mom, I really did want the bicycle. But mothers are more important than bicycles. So please stay home more.'"

Even though we all are aware of the tradeoffs of "quality time vs. quantity time" in our relationships, we are not used to thinking specifically about how our decisions cost us other opportunities. Without this understanding, our decisions will often be unfocused and unrelated to helping us achieve our most important goals.

This week be more aware of the "opportunity cost" and use this to help you make great decisions!

-- Denis Waitley

 

2. The Champion Within Article

Overflowing Buckets of Wealth by Dr. Denis Waitley

With a little discipline and patience, you can make your journey to abundance and personal fulfillment a downhill flow instead of an uphill struggle. The key is to use the "overflowing buckets" concept of creating financial independence.

Picture your life as a five-step stairway, with you standing at the top and Fulfillment waiting for you at the bottom. Complete this picture by placing a large, empty bucket on each of the five steps and labeling the buckets from top to bottom:

Survival, Financial Stability, Quality of Life, Financial Security, Financial Independence.

Your objective is to fill each bucket with dollars as you progress down the stairway, so that when one bucket overflows, it begins to fill the next bucket.

Survival:
The Survival bucket is how you can pay for your basic needs of food and shelter. Once you've taken care of these, any extra money flows into the second bucket, which is Financial Stability.

Financial stability is the ability to keep solvent in the event of sudden, unforeseen changes and emergencies in your life – insurance against catastrophic loss.

Financial Stability:
To be financially stable, you must have an emergency fund in a savings account equal to a minimum of three month's income, and preferably six months' income. You also must have adequate permanent and transferable medical insurance that remains in force, regardless of your employment status, as well as life insurance, including some whole life, in addition to term, that accumulates cash value and has a level premium

Another critical component of financial stability is non-cancelable, individual permanent disability income insurance, equal to at least 70 percent of your monthly pay, but preferably 100 percent. One of the greatest financial blunders most people make is to forget that the possibility of loss of income resulting from an injury or illness is much greater than that of loss of life. Not only are you without income when you are sick or injured, you also do need to be cared for during that period, and the expenses continue even though you're not able to work.

Quality of Life:
When bucket two is filled with contingency dollars for your financial stability, you can sit down with your inner circle and determine what standard of living will give you the quality of life you want: your home, family, education, recreation, possessions, etc. These considerations should be budgeted with a monthly amount of savings, however small.

Financial Security:
If you can fill your Quality of Life bucket, a little extra discretionary income will trickle over the lip and fall into bucket four. This is the Financial Security bucket. Financial security is defined as the amount of assets that will give you the amount of after-tax income you need to maintain the standard of living necessary to have the quality of life you want, at some predetermined point into the future, without having to depend upon day-to-day employment.

Less than 10 percent of Americans ever fill this bucket. Your goal is to be in this 10 percent. It is not based on salary. Many individuals in the top income brackets never reach financial security. Many middle-income Americans do. To get in the top 10 percent, you need to put 10 percent of your spendable into an appreciating investment fund every month, just like a mortgage payment.

Financial Independence:
The fifth and final bucket is Financial Independence. This is achieved when you beat the target date you set for retirement. The object of creating personal assets is to be financially independent of having to work, while you still have your health and are still young enough to enjoy those assets. Many individuals set their financial security target date at age 65. Using compound interest over time, you can beat your target date and set yourself free.

See your life as a stairway to fulfillment. Put your dollars in the right buckets, in the right order. You'll be amazed at the way cash flows from bucket to bucket, like a river down a mountain.

-- Denis Waitley

The secrets to living a healthy and wealthy life are within your grasp. Discover them now!

Go to http://www.yoursuccessstore.com/coachingsecrets

 

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Denis Waitley has studied, counseled and trained leaders in virtually every field including Apollo astronauts, Olympic gold medalists, Super Bowl champions, returning POW's, heads of state and Fortune 500 top executives.

Denis is recognized as a world class speaker and author and has traveled the globe sharing success ideas and strategies to thousands of companies the past 25 years. To book Dr. Waitley to speak for your company or to be part of your upcoming Regional or National Convention send an email to speaker@deniswaitley.commm

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3. Seeds of Greatness by Denis Waitley

Roots and Wings (A Child's Bedtime Song)

If I had two wishes, I know what they would be
I'd wish for Roots to cling to, and Wings to set me free;

Roots of inner values, like rings within a tree, and Wings of independence to seek my destiny.

Roots to hold forever to keep me safe and strong,
To let me know you love me, when I've done something wrong;

To show me by example, and help me learn to choose,
To take those actions every day to win instead of lose.

Just be there when I need you, to tell me it's all right,
To face my fear of falling when I test my wings in flight;

Don't make my life too easy, it's better if I try,
And fail and get back up myself, so I can learn to fly.

If I had two wishes, and two were all I had,
And they could just be granted, by my Mom and Dad;
I wouldn't ask for money or any store-bought things,

The greatest gifts I'd ask for are simply Roots and Wings.

-- Denis Waitley

 

4. The Winner's Edge Coaching Tips

Become enthusiastic about your family members' interests. Young children need their parents' involvement and approval--but remember that involvement shouldn't mean taking over or becoming their agent and manager.

Schedule mandatory family time together, even at the expense of seemingly pressing obligations. Family members often meet coming and going, making the home like a pit stop at the Indianapolis 500. One meal a day together with the television off is a bare minimum.

So to recap, take an interest and schedule family time -- both important in raising healthy, well-adjusted children and developing strong relationships!

-- Denis Waitley

 

5. Are you finishing in the money?

An experienced and dedicated trainer can make all the difference in your quest for more of what you want in your life and your business.

We were reminded of this important fact over the weekend as we watched the coverage of the running of the 135th Kentucky Derby.

- Are you content with finishing second, third, fourth or even farther back?
- Do you want to learn the secrets that'll give you the advantage, especially in close competitions?
- Do you know what it takes to maximize your performance?

In horse racing, a trainer is responsible for preparing a horse for races, including getting it the right amount of exercise, making sure it's race ready and determining which races it should enter.

When it comes to human peak performance, Dr. Denis Waitley has for many years trained high-performers, teaching them the secrets to optimal health, greater self-esteem and stronger self-discipline.

Dr. Waitley has personally trained these elite performers:

Apollo astronauts • Fortune 500 executives • Olympic gold medalists • Super Bowl champs • Returning prisoners of war • Heads of state • Top multi-national corporations and more!

And here's the great news for YOU. With Dr. Waitley's "portable coaching system,’ the secrets of these elite performers are now within your grasp!

So, if you're interested in...

- Finding out how to manage your time and maximize your performance

- Unlocking the secrets to setting and achieving your goals, and do it so well it becomes second nature to you

- Discovering the secrets to earning more money than you'll ever need

- Cracking the code to having a fat-burning, disease-fighting, age-defying body and mind

In other words...Living A Healthy and Wealthy Life!

For details, visit http://www.yoursuccessstore.com/coachingsecrets or call 877-929-0439.
 

 

6. More Information

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