The Wealthy Spirit Insider

    Resistance

    Posted on June 1st, 2015 in The Wealthy Spirit by chellie

    bridge with waterfallUpdated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction”

    152-June 1

    “The average man is always waiting for something to happen to him instead of setting to work to make it happen. For one person who dreams of making fifty thousand pounds, a hundred people dream of being left fifty thousand pounds.”—A. A. Milne

     

    Transformational seminars are often uplifting, joyful, fun, and filled with fabulous life-changing accomplishments as people are motivated and encouraged by the group process to make improvements in their lives. But along the way, there is often incredible resistance to change as people break free of their “comfort zone.”

    One week, five people who had missed the previous “Time Management” session called to ask if they could transfer to a later session or quit and get a refund. The latter requests came even though the contract everyone signed before beginning the course specifically states that the course fee is due whether or not they complete the course.

    Time management is a major issue for many people; our lives seem to be a never-ending stream of possible activities. It is easy to become overwhelmed by competing obligations and fail to keep commitments. The participants who called to re-negotiate their agreements to complete the course had very legitimate sounding reasons for their requests:

    “Yeah, but we just bought a house, are closing escrow, have to move, and business is booming—we got three new clients this week! We just too busy right now.”
    “Yeah, but the class just hasn’t fit well into my schedule.”
    “Yeah, but I just got divorced and I’m too overwhelmed right now.”
    “Yeah, but I just got married and I’m too overwhelmed right now.”

    Like a lifeguard who has fun in the sun at the beach on most days but who earns all his money on those few days when the surf is rough and people are drowning in the waves, I earn my keep by fielding these requests. I recognize that they expect me to be the “nice guy,” understand their difficulties, and let them out of our contract. But if I do that, I fail them. My job is to keep their feet to the flame and show them how they sabotage their money and their lives with “yeah, buts.” These people were running up against issues about how they manage their lives, their time, and their money. At these times, the inner self that is afraid to succeed, to move beyond its limitations, and to rise to the next level of accomplishment, throws a wrench in the works. “Stop!” it says. “Change is too difficult!” But it is here that opportunity lives. It is here that they can stop taking the easy way out, stick with their agreement, and learn the lessons they came to this class for. It is my job to convince them to do it.

    Three of them stayed and got the financial rewards they came for. One didn’t return my calls. And one’s screaming rage made me rather relieved she wasn’t coming back. I wonder how they’re doing?

    Today’s Affirmation: “I have all the time I need to achieve all my dreams and desires!”

     

    This page still holds true; people still sign up for class and want to drop out when the going gets tough. All their reasons sound so reasonable, and I should be understanding of their problems, shouldn’t I?

    But here’s the truth in one of my favorite quotes: “The world isn’t interested in the storms you encountered, but whether or not you brought in the ship.”–Raul Armesto

    I am pitiless, because business is pitiless. If you want to be in business for yourself, you have to keep your agreements, even when it’s hard to do. You have to show up for work, even when you don’t feel like it. You have to serve your clients, market and sell your products and services, maintain your web site, write your blog, post on Facebook and other social media, go to the networking meetings, pay your bills, save for retirement, make your house payment, etc. etc. ad infinitum. All the excuses in the world won’t excuse you from your responsibilities. If you fail to run your business profitably and responsibly your business will fail.

    Listen, everyone has problems. Everyone cries in the night, has a sick relative, is sick themselves, has a computer malfunction, gets overcommitted, runs out of time or money. As the country song goes, “Sounds like life to me.” Your job is to manage it.

    I didn’t always know this. In the very first year of teaching my workshop, I had a woman in my class who was very busy and stressed and in the middle of class asked if she could transfer to the next class. I felt compassion for her situation and agreed. The second time, she had more problems and asked to transfer again. I said okay. But she didn’t complete the class the third time either! That’s when I got it. People want to drop out of class when the going gets rough, they reach the point of change and they hit their issue – the thing that stops them from having all the riches and happiness they want in life. But that’s what they came to the class to solve, and my giving them a free pass out of the process just delays their healing. It was wrong of me to do that and I learned my lesson.

    Success takes work. Psychological and physical. If it was easy, everyone would be doing it.

    The Son of Jaws Meets the Bride of Tuna

    Posted on May 30th, 2015 in The Wealthy Spirit by chellie

    Family - Campbell Castle in ScotlandUpdated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction”

    150-May 30

     “There’s a sucker born every minute.”—P.T. Barnum

     

    “Easy money!” The ads seem to scream. “Work at home part-time and make thousands of dollars!” Solicitations arrive in the mail: “You’re already a winner of one of these four fabulous prizes: a new car, a new television, a new stereo, or luggage. Send your check for $39.95 shipping and handling to….” Of course you get the luggage—a plastic little fold-up airline bag worth $1.49. I know because I fell for that one.

    Have you? Here are the Top Ten Telemarketing Frauds, as reported by the national Fraud Information Center:

    1.      Work-at-Home Plans: Programs sold with false promises of earnings.
    2.     Telephone Cramming: Consumers are billed for services they never ordered.
    3.     Advance-fee Loans: Loan offers requiring payment in advance for loans that are never made.
    4.     Prize Offers and Sweepstakes: Consumers are asked to pay up front fees in order to collect a prize or be eligible      for one.
    5.     Telephone Slamming: Consumers phone carriers are switched without the consumers’ knowledge or consent.
    6.     Magazine Sales: Fake subscriptions or renewals to magazines which never arrive.
    7.    Travel and Vacation Offers: Offers of “free trips” that have undisclosed costs.
    8.    Credit Card Offers: Phony promises of cards for which payment of fees are required in advance.
    9.   Investment Opportunities: Use of high-pressure sales tactics and outrageous profit claims to get consumers to invest in phony investment pools.

    10. Credit Card Loss Protection Plans: Using scare tactics or misrepresentation to sell unnecessary “coverage.”

    Well, let’s see, in addition to having fallen for number four in the example above, I have also been taken in by number six and number seven. When I was in college, a nice young man came to the door and earnestly told me of his plan to pay for tuition through magazine sales. I bought several subscriptions which never arrived. Then I bought a vacation package to Las Vegas, but when I went to the address they gave me to pick up the documents, it was a vacant lot.

    After that, I got smarter. I asked more questions, and asked for a phone number so I could call them back. Funny how they never wanted to give me a number. If it looks too good to be true, figure out why they’re telling you. Ask questions, research, do your due diligence. Buy from people you know and trust—and are going to see again next Tuesday.

    There are sharks in dolphin’s clothing out there. If you fall for them, you’re a tuna.

    Today’s Affirmation: “I am safe in the lap of luxury.”

     

    Have you seen any of these in your email in-box?

    My name is Mr. Song Li le I work with the Hang Seng Bank.  There is the sum of $19,500,000.00 in my bank”Hang Seng Bank”,Hong kong. I do solicit for your assistance in effecting this transaction. I intend to give 30% of the total funds as compensation for your assistance.

    I AM ROTIMI AHMED, ASSISTANCE AND FAMILY LAWYER TO THE WIFE OF THE FORMER PRESIDENT OF NIGERIA, MUSA YAR’DUA WHO DIED LAST YEAR AFTER SOME MONTHS OF ILLNESS. AFTER HIS DEATH AND BURIAL, THE WIFE CONTACTED ME THAT SHE HAS A TOTAL SUM OF $20M CASH WHICH SHE DEPOSITED WITH A SECURITY COMPANY AND THAT I SHOULD HELP HER SOLICIT FOR A RELIABLE AND TRUSTED PERSON WHO CAN HELP THE FAMILY TO KEEP THE CASH PENDING HER ARRIVAL

    My name is Richard Tang Yat Sun, A staff of Hang Seng Bank, Here in Hong Kong. I have a business proposal in the tune of US$24.5m to be transferred to an offshore account with your assistance if willing. After the successful transfer, we shall share in ratio of 50% for you and 50% for me. (I wonder if he’s related to Mr. Song Li above?)

    I am Mr.Musa Ibrahim, working in a Finance house. However I got your address through the International web directory online. During our recent reconciliation and auditing of our Finance house accounts, my department discovered an over dormant account with a huge amount of money, valued at US$  10,500,000.00 (Ten million, five hundred thousand, United State dollars, only that belongs to one of our late customers.He has passed away (dead) leaving no beneficiary to the account…I want you to stand in as next of kin to our late customer so that the fund will be released to you.

    Your Email ID won! EuroMillion Lottery Intl. Program FOREIGN SERVICE SECTION BARCELONA. REFERENCE NUMBER: SOXW/HAWIR BATCH NUMBER: 2011/149 /BMQ OFFICIAL WINNING NOTIFICATION. We are pleased to inform you of the released results of the EuroMillions Corporations Sweepstakes Promotion in conjunction with foundations for the promotion of software products organized for Software users. This Program was held on 10th March , 2011, in Barcelona- Spain. Wherein your email address emerged as one of the online Winning emails in the 1st category and therefore attracted a cash award of EUR1,500,000.00 (One Million Five Hundred Thousand  Euros) and an Apple  laptop. Your laptop, certificate of winnings and your cheque of (EUR1 500,000.00 Euros) will be sent to your contact address in your location.

    Please take note, lucky winners will pay for their courier services delivery.

    I also love the men who write me passionate mash notes on Facebook like this:

    Hello,
    i am steve by name,i like your profile,you are a beautiful woman,i am looking for a caring loving and honest woman,someone that knows what she wants,i am a man that was raised to believe women are the best gift God gives to men on earth and they deserve to be treated with lots of love care and respect,this i have vow to always do for the right woman when i find her,i will like to know more about you.will be waiting to read from you.you can email me etc.etc.

    They usually use funny language like “dearly beloved” and “you fantastic  pretty” and have only 12 friends – all women. Sigh.

    So I should now have about $80 trillion and dozens of young male models trailing in my wake. Hee.

    The Chinese Version of Heaven and Hell

    Posted on May 29th, 2015 in The Wealthy Spirit by chellie

    buddha-1-gayle-etcheverryUpdated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction”

    149-May 29

    “Those who bring sunshine to the lives of others cannot keep it from themselves.”—James M. Barrie

     

    This is a story I heard years ago, origin unknown:

    In the Chinese vision of Hell, many people are seated around a large table. The table is laden with fine food, piled high in the middle of the table, looking scrumptious and smelling delicious. At each place setting, there is a set of very long chopsticks with which each person can reach the food in the middle. But the chopsticks are too long for the people to be able to get the food into their mouths. So they are all wailing, angry and starving.

    In the Chinese vision of Heaven, many people are seated around a large table. The table is laden with fine food, piled high in the middle of the table, looking scrumptious and smelling delicious. At each place setting, there is a set of very long chopsticks with which each person can reach the food in the middle. But the chopsticks are too long for the people to be able to get the food into their mouths. However, everyone here is fat and happy—because they are using their long chopsticks to feed the person across from them.

    Someone once told me: “No one goes to Heaven until everybody goes.”

    Hmmm. Rather gives you a different sense of your responsibility in the world, doesn’t it?

    Today’s Affirmation: “As I give to others from my abundance, I give to myself as well.”

     

    My dear friend, Lorrie Kazan, wrote this great article – enjoy!

    Prosperous Times

    No pessimist ever discovered the secrets of the stars, or sailed to an unchartered land, or opened a new heaven to the human spirit.” — Helen Keller

    This quote brings me back to the idea of asking, “What’s the down side of positive expectancy?”  We’re hearing a lot of doom and gloom predictions these days; apparently doom and gloom is dramatic, sells papers, gets us hooked, but it doesn’t leave us anywhere we really want to go.

    Edgar Cayce, who was the most documented psychic in history, often cautioned people about being too quick to judge their successes and failures.  Psychologist and Cayce expert, Dr. Mark Thurston, expressed similar ideas in Venture Inward magazine that are relevant for us and our prosperity.

    In How Do We Measure Success? Dr. Thurston reminds us that Cayce often nudged people to realize that “Sometimes when we seem to be failing most miserably in outer life, it provides an opening for our inner life.

    Those of us who are looking at creating prosperity from the metaphysical level, which is from the inside out, can look with added interest at Cayce’s words.  In 1943 he gave a psychic reading for a woman who repeatedly asked why her life was such a failure.  She had all the outer proof:  a cheating husband, failing marriage, estrangement from her children.  But Cayce told her that from a greater perspective, “her life was a failure only if she stopped trying.  Her soul-growth task was to avoid self-condemnation, be selfless, and keep recognizing the spiritual opportunity in what was happening.”

    The readings tell us that no matter what the circumstance, there is always a spiritual opportunity.  In fact, a reading revealed that Cayce’s remarkable talents were heightened in past lives, especially the one in which he was buried alive!  While it would be great to have his phenomenal gifts, most of us wouldn’t consciously volunteer to develop them through such difficult lifetimes, but who is to say that we aren’t in that same soul process of becoming our highest and best selves?

    Certainly, keeping one’s mind focused on spirituality and possibility seems healthier than what many of us do, which is habitually judge ourselves negatively and slip into fear-based, negative self-talk.

    Sometimes old habits die hard but they can be replaced.  What if we don’t judge our circumstances and ourselves from our limited earthbound perspective?

    Cayce said it was important to have an ideal, which each of us could use as a guiding star.  If, for instance, your ideal were love, then you would measure your thoughts, words and deeds against that ideal.  If you’re in self condemnation, are you living your ideal of being loving?  If not, then in Cayce’s cosmology, it’s only a failure if you stop trying.  From my perspective, the ideal of love guides one back to kindness to ourselves and others, no matter what.

    Dr. Thurston also notes that modern business are seizing upon holistic practices such as meditation and dream guidance because its shown to provide stress reduction, better decision-making, and an enhanced bottom line.

    We’re reminded not to mistake material success for spiritual depth.  While the two don’t automatically run concurrently, they certainly can.  Wherever you are in your current journey, the lesson here is stick with a positive ideal.  Progress can’t always be seen, especially in the moment, by the critical mind but what we develop within us is ours for life–or if you believe Cayce, for lifetimes.

    Lorrie Kazan was chosen as one of the top psychics in a worldwide audition for the Edgar Cayce Institute.  Contact her at  www.ilovemypsychic.com for information about readings, free newsletters, articles and classes.

    Tax Advice

    Posted on May 28th, 2015 in The Wealthy Spirit by chellie

    Santorini by ChellieUpdated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction”

    148-May 28

    “There’s only one thing worse than paying income tax; and that’s not paying it!”—Anonymous

     

    I am not a CPA, nor an enrolled agent. I don’t prepare tax returns, so I am not going to give you specific tax advice. This is just the general news I think everyone needs to know:

    1. Get professional advice. Pay the money. I never had a tax preparer that didn’t save me more money on my taxes than his or her fee cost me. In The Millionaire Next Door, authors Stanley and Danko outline many areas where the typical millionaire saves money, buying second-hand cars, resoling their shoes, etc. “But they are not nearly as price-sensitive when it comes to purchasing investment advice and services, accounting services, tax advice, legal services, medical and dental care for themselves and family members, educational products and homes.” They state that the affluent account for only about 1 percent of the U.S. households, but they pay 25 percent of the tax on personal income. Taxes are the largest expense they have, and they want the best advice they can get on how to reduce that burden. The tax preparer’s fee is even tax-deductible

     

    (Continued on page 148 of The Wealthy Spirit)

    Today’s Affirmation: “I happily pay my fair share to help my government run efficiently and effectively.”

     

    Marc Weiss gave a great talk at a WRS (www.worthwhilereferralsources.com) meeting I attended, and I invited him to share some of his information with you here on my blog. Although you may love your work like I do and not necessarily want to retire, you will want to have a retirement account regardless. It feels good when you have savings and investments! You attract more money when you feel rich and prosperous and secure.

    Breaking Down Your Retirement

    By Marc H. Weiss

    Archer Weiss Insurance & Financial Services, Inc.

    http://archerweiss.com/retire-safe-and-tax-free.cfm

    Telephone: (818) 346-3700

    marc@aicsocal.com

    Saving for retirement is often a daunting task.

    Sometimes though, breaking big, complex issues – such as saving for retirement – down into more manageable pieces can make all the difference in the world. Here are three basic questions to ask yourself when it comes to your retirement savings. While these are far from the only questions you’ll need to focus on in order to achieve a successful retirement, if you know these answers you’ll have a definite head start.

    Question #1 – Am I contributing enough to my retirement accounts?

    Retirement accounts, as the name implies, are great places to save money for retirement. The tax-favored nature of these accounts often helps individuals to accumulate far more value than would have been achieved in a taxable account. If you are working and have earned income, you’re most likely able to contribute to some type of retirement account – something you should seriously consider. Making even small contributions consistently over time can add up to big savings down the road.

    Am I contributing to the right type of retirement account?

    Depending on your age, your income and your employer, you may have access to a variety of retirement account options.  For instance, let’s say you are 50 years old and make $100,000 per year and your employer offers a 401(k) option. In this case, you’d have a number of choices on where to save for retirement on a tax-favored basis.

    You could defer a portion of your salary into your 401(k), you could contribute to an IRA or you could contribute to a Roth IRA – in fact, you could even have some combination of all three. What’s the best place? That depends on a number of factors (beyond just your age and income), and is a decision that is best reviewed with a CPA or financial advisor who has specialized knowledge in this area and has a keen understanding of your current financial situation and long-term goals.

    Do I have a plan for taking money out of my retirement accounts?

    In determining how long your money will last, it’s not just the size of your accounts that matter; it’s the way you distribute the funds from those accounts. Distributions from some accounts, such as a Roth IRA, may be tax-free, while distributions from other types of accounts, such as 401(k)s or IRAs, may trigger significant amounts of income tax.  Determining just how much to take from each account and when to take it can play a major role in helping you achieve your financial objectives.

    Marc H. Weiss

    Archer Weiss Insurance & Financial Services, Inc.

    http://archerweiss.com/retire-safe-and-tax-free.cfm

    Telephone: (818) 346-3700

    marc@aicsocal.com

    Taxes

    Posted on May 27th, 2015 in The Wealthy Spirit by chellie

    lobsterUpdated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction”

    147-May 27

    “A government that always robs Peter to pay Paul will always have the support of Paul.”—George Gershwin

     

    One morning, I got up early and went to a networking breakfast. The sun was shining, business was good, and the people at the meeting were fun. I was in a great mood as I sat down with my plate full of bagels, eggs, fruit and cereal. The gentleman who sat next to me, though, was clearly not in the same frame of mind.

    “I can’t believe how much money I have to pay in taxes,” he complained. “I had to write such a big check to the IRS this week, it’s obscene. And what the government does with the money is even worse! I can’t stand the fact that I’m paying for the industrial military complex, the stupid politicians, the no-good people who aren’t working but collecting welfare…” On and on he railed.

    Oh, no! I had inadvertently sat next to one of the “Ain’t It Awful” people. I put up my mental shield so that I wouldn’t take in the negative energy, and waited for him to wind down a little. I could tell he was upset and needed to vent, so saying anything but “Hmm” was useless at the moment. Until he was done, he wasn’t going to be able to hear anything I said.

    Finally, he seemed about finished with his list of government entities that shouldn’t get his money, so I looked up at him, smiled and said, “Oh, none of my money goes there.”

    “What do you mean?” he asked, scowling.

    “Well, my tax money goes to all the good things, like the libraries and the schools. It fixes the roads, pays for policemen to keep me safe and firemen to rescue me if I need it. It goes to pay for the space program, which I really like, and to the relief organizations to feed the poor and starving. It goes to the welfare recipients who really need some assistance briefly and then go back to leading productive lives. I like how the government helps people with my money.”

    “But you don’t know your money goes there!” he argued.

    “You don’t know your money goes to those other things either,” I replied. “But I’m happy and you’re not.”

    He stared at me and I smiled. Then we both started laughing and had a lovely breakfast after that.

    Maintain your positive outlook in the face of other’s negativity and you will stay happy. Who knows? They may decide to join you!

    Today’s Affirmation: “I choose beliefs that make me happy.”

    I divide the world into three groups: Dolphins (glad), Sharks (bad), and Tuna (sad or mad). A friend forwarded me a fabulous take one of her friends wrote on this subject:

    Are you a shark, a dolphin, or a tuna?

    What a great question… After way too much thought I have concluded that I am none of the above.

    I am a LOBSTER

    I am protected by a hard shell on the outside, but am really soft on the inside.  And what is inside me is highly valued by humanity.

    In order to grow, i periodically shed my hard exterior, allowing me to become vulnerable from time to time.

    I am expensive.

    I am resilient.

    I am a fighter.

    I am a seductress.

    When I want someone or something, I am determined and I go after it.

    When i make love I am tender, and become vulnerable and unguarded, and allow my mate to see what is beneath my hardened exterior.

    I do not slow down or weaken with age, but improve.

    I am a loner, but when I am in groups I show hierarchy and dominance.

    I move slowly and thoughtfully through life, but have the skills to artfully retreat when threatened.

    I am not the most intellectual, but am clever when I need to be, and have been known to get myself out of sticky situations.

    My core is perfectly balanced and symmetrical except for the part of me that is my deadly defensive mechanism, (my claws).

    I love that! Can you think of another sea creature that perfectly describes you?

    The Leopard Comforter

    Posted on May 26th, 2015 in The Wealthy Spirit by chellie

    QuiltUpdated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction”

    146-May 26

    “If you think you’re too small to be effective, you’ve never been in bed with a mosquito.”—Anita Roddick

     

    There was a beautiful animal print comforter with matching sheets and pillow shams that I had my heart set on. To buy the complete set was expensive, however, and I was saving for it, hoping that it would go on sale. Finally, the department store was having a white sale, and although this particular bed set wasn’t in the catalogue, I hurried down to the store to check on it.

    There it was! One of the showroom beds had been made up with my comforter set: comforter, dust ruffle, satin sheets, shams and throw pillows all in beige, brown and black leopard designs. It was beautiful! Excited, I eagerly rushed to the cashier’s stand and asked the woman if it was on sale. Her attitude stopped me cold. Never looking at me and moving very slowly, she sighed and picked up the sales catalogue. “No, it doesn’t look like this one’s on sale. Sorry.” And she turned away.

    Hopes diminished but not dashed, I went back to look longingly at the beautiful bed set and thought about what I could do to get it to be on sale. The saleswoman I had talked to was clearly not interested in helping me. She was one of those people I call “bench warmers”—there to put in the hours required, doing as little as possible while they are there. They don’t care about their work or you. I knew I needed a different kind of salesperson. Did one exist in this store?

    (Continued on page 146 of The Wealthy Spirit)

    Today’s Affirmation: “I buy my perfect treasures at perfect prices!”

     

    I held on to that beautiful comforter for many years. It’s tough to let go of things you love that also have a history.

    But it’s gotten rather dingy and worn, and I started thinking about a new one. My roommate, Shelley, had gotten a quilt hand-made for her by a lovely woman named Kerry in Temecula, and I thought maybe I’d get one made for me.

    So on a trip to Pechanga, we once again went to visit Old Town and look in the antique stores and have lunch. So we naturally stopped by the quilt shop, and there was Kerry, bright-faced and smiling. Behind her on the wall was a gorgeous quilt in black and white with gold and brown accents featuring birds. I just loved it!

    Now this quilting store is for hobbyists, they don’t usually make quilts for people, but Shelley had talked Kerry into it for hers, so I pointed at the quilt on the wall and said, “Would you make that one for me?” She grinned and said, “Yes, of course,” and we happily browsed through the store, gathering materials for my quilt, plus two shams and a pillow to match. She agreed to get back to me with the pricing and we went off to Pechanga.

    She called the next day, said she had made a mock-up of the quilt (because I needed a larger one than the sample), gave me a price and invited us back to look it over, approve the design, and give her a deposit. On our way out of town, we stopped by to look at her beautiful mock-up and she threw in the shams and pillow as a gift. I was delighted!

    So0 then I just had to wait for her to finish it – and I could hardly wait! (You know how I believe in having a lot of “I can hardly waits” to look forward to in your life).  I also had a great excuse to go back to Pechanga, too, and I could hardly wait for that. And then in June, there’s always the Ladies event at the World Series of Poker in Vegas…

    Life can be an endless series of “I can hardly waits” if you plan it right.

    Whose Advice Are You Taking?

    Posted on May 25th, 2015 in The Wealthy Spirit by chellie

    Blue door in SantoriniUpdated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction”

    145-May 25

    “If I wanted to become a tramp, I would seek information and advice from the most successful tramp I could find. If I wanted to become a failure, I would seek advice from people who have never succeeded. If I wanted to succeed in all things, I would look around me for those who are succeeding, and do as they have done.”—Joseph Marshall Wade

    Jeff, a music producer enrolled in my workshop, was working on pricing his services. He had a strong feeling that he was undercharging his clients, and that he could improve his profitability significantly by raising his rates. I asked him what amount of money felt right to him when he said, “I charge ____ dollars per hour.” We tried out a couple of different figures, but $75 per hour was what his gut feeling told him was appropriate. This was significantly more money than he was currently charging, and he was nervous about asking for it.

    Afraid of losing business if his price was too high, he needed to do market research in order to find out what other people in his business were charging for the same services. He came back to class the next week and said that based on his research, $75 was too high, and he should only charge $50 per hour. He seemed resigned about it, not as excited and happy as he had been about $75 per hour.

    This didn’t feel right to me. I asked him who he had contacted about pricing—was he talking to people who owned successful recording studios or people who were struggling? I saw a wave of understanding wash over his face as he thought back to the people he had talked to—they were all people he knew who were struggling!

    (Continued on page 145 of The Wealthy Spirit)

    Today’s Affirmation: “I am successful and earning more and more money every day!”

    Here’s a wonderful story posted on Facebook by one of my Dolphin Graduates, Jack Molisani:

    Over the weekend I passed a booth in front of my local Vons grocery store selling raffle tickets to raise money for prostate cancer research. I know someone who is a prostate cancer survivor, so I gave them a $20 and got a bunch of tickets.

    They just called–I won a food gift basket!

    But then I thought, “Boy, I bet a food bank could use this food more than I can.” The store manager said a food bank does come in every morning to pick up day-old bread, so I said please give it to them.

    He thanked me and went to check my name off the list and said, “Mr. Molisani, you actually won TWO gift baskets–the only person to do so!”

    Amongst the other baskets was a smaller one with gardening stuff (petting soil, seed, etc.), so I took that one for myself.

    BOY, you just gotta love karma!

    P.S. Thanks, Chellie Campbell–This morning I did my “Today is a big money day!” affirmation, and it was! 😀

    Tunas Can Learn

    Posted on May 23rd, 2015 in The Wealthy Spirit by chellie
    Chellie in dolphin balloon hat by Suzanne Haring

    Chellie in dolphin balloon hat by Suzanne Haring

    Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction”

    143-May 23

    “The closest to perfection a person ever comes is when he fills out a job application form.”—Stanley J. Randall

     

    I learned a lot from Jennifer Martin, a fun-loving, free-spirited woman from England who worked as an account executive at the employment agency where I was the office manager. Jennifer was in sales, matching prospective employees with prospective employers and receiving a commission from the fee paid to the company for this service. She had fun, she stood her ground, she made a lot of money, and she wasn’t afraid to tell you the truth, even when it hurt. My meek little co-dependent soul lapped up her lessons in self-esteem.

    Grumbling about the state of my finances, one day I said to her, “I’m not making enough money. I’m going to ask for a raise!” “Is that right?” she said. A chill went through me and I spilled my coffee. You see, Jennifer only said “Is that right?” whenever someone said something particularly stupid. As I stood there fumbling in my mind, trying to figure out where I went wrong, she decided to help me out.

    “What makes you think you deserve a raise?” she inquired. I didn’t know what she meant. “Well, I’ve been here a year now,” I replied, to which she answered, “So what? Just warming the seat for a year isn’t worth anything.” I was shocked. She was my friend! How could she say that?

    As I stared at her with my mouth open, she smiled. “Come with me” she said, and sat me down and gave me some lessons in selling. She explained that asking for a raise was like a sale. I had to convince the buyer—my boss—of the benefit to him of paying me more money. And I needed to back up my request with proof of my value to the company. I needed to document my accomplishments and show how much work I did above and beyond my original job description. I should stress my commitment to the company and that I would continue to grow and improve in my job. A cost comparison of what salaries were paid other people in similar positions would help to make my case as would any accomplishments of mine that had helped save the company money.

    What an eye-opening experience and valuable training that conversation was. I took her advice, did my homework, prepared my presentation—and got the raise.

    So are you warming the seat or are you making a valuable contribution? Prove it.

    Today’s Affirmation: “I am paid very handsomely because I’m worth it!”

    Jennifer and I stayed friends over the years, through different careers and life’s ups and downs. At one point she went back to school to become a nurse – a lifelong dream that she had started once in England but given up. While she was studying, she worked for my bookkeeping service for a time. When she got her nursing degree, she started traveling the country taking different jobs in a variety of locations, and enjoyed the adventure of living in different cities. Eventually, we lost touch with each other, and years passed with no word.

    Then came the internet and google, and I tried finding her, but there were too many Jennifer Martins – one directory listed 3254 of them – and I gave up. But then Facebook came into vogue, and one day last year, she found me and sent a friend request! (I think they should have a “renew old friendship” request.) I was delighted to find my old friend again, who now lives on the East Coast but is still happily nursing people back to health. She loves her job as I love mine, and we are both happy campers.

    I often think of the old song “Make new friends, but keep the old, one is silver and the other is gold.” Jennifer is definitely a gold.

    Treasure your friendships – that is the real gold on this Planet Earth. Reach out and touch someone today!

     

    The Number One Mistake Financial Planners Make

    Posted on May 21st, 2015 in The Wealthy Spirit by chellie

    happy pillsUpdated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction”

    141-May 21

    “Everyone must row with the oars that he has.”—English Proverb

     

    Years ago, when I was first starting to earn good money, I thought I would go to see a financial planner to get started saving and investing for my retirement. We talked about my goals, and what amount of money I would like to live on when I was retired.

    Then she made The Mistake. She calculated how much money I would have to have saved by age 65 in order to have enough to retire, adjusted by inflation. I remember the amount, because it seemed enormous and totally unreachable: $1.2 million. She told me that I would have to start saving $800 every month in order to reach my goal. Well, I was only making $2,000 per month at the time! There was no way that I could save $800 a month. It was a totally unreachable number to me. I thanked her very much for her time and left the office, thinking that I was never going to be able to retire, so I might as well not bother saving anything. And so, for years, I didn’t save a dime.

    (Continued on page 141 of The Wealthy Spirit)

    Today’s Affirmation: “My assets grow easily and effortlessly every day!”

     

    Here’s how to calculate the amount of money you’ll need at retirement: 1) Whatever you have now; plus 2) Ten million dollars.

    That sounds like enough to make you feel safe, right? Financial advisors estimate that the percentage of Americans who can actually save enough money to afford a reasonable lifestyle for 25 years without working is about 3%.

    Social Security helps—and it isn’t going bankrupt, either. Michael Hiltziks’ column in the Los Angeles Times in March of 2014, outlined the relevant facts: Life expectancy has risen since Social Security was instituted in 1935. But the difference is mostly because of improvements in infant mortality. In 1935, if you made it to age 65, an average 65-year-old man could expect to live to about 77, and a woman to 78. In 2009, the figures were 83 for men and 85 for women. That’s an extension of 6-7 years, not the decades often reported. And the payroll tax has increased from 2% at its inception to 12.4% today.

    It will be a thin retirement if that’s all you’ve got, but it certainly helps. If you continue to work part time, have your own business or start one, you can continue to earn money.

    I spoke with a 50-something man one day. He was burned out at his job and wanted to retire. But he was afraid. “I have enough money to last twenty years,” he said. “But if I live longer than that, it’s a problem.”

    Living too long is a problem? No—the problem is working too hard and burning out. The problem is too much work and not enough vacation. The problem is not having work you love.

    When was the last time you heard a movie star say, ‘I can’t wait until I have my pension funded so I can retire and stop making all these movies’? You never hear that. Because actors love their work. At ninety years old, they’re trying to convince insurance companies how healthy they are so that they can make a movie. They die onstage. They want to die working because they love their job.

    The game of richest man in the world has been won already. Bill Gates is still working. The number two richest guy, Warren Buffet, gave the number one guy all his money. He’s still going to work every day. The number thirteen guy, Sheldon Adelson, is still working, too – he has a five-year plan in place to become the number one guy. He’s 80 years old! Why bother? you might ask.

    Just for fun is the answer.

    Find work that you love doing and you won’t want to retire from it. Retire to do what? Lie on the beach? For how many days would that be interesting? You only think you want to lie on the beach because you haven’t had a good vacation. So go to Hawaii or Cabo or the Caribbean or someone’s backyard in Malibu now.

    And enjoy a latte on the beach while you’re at it.

     

    Low Budget Blues

    Posted on May 20th, 2015 in The Wealthy Spirit by chellie

    Cruise ship Bay of NaplesUpdated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction”

    140-May 20

    “More than ever before, Americans are suffering from back problems: Back taxes, back rent, back auto payments.”—Robert Orben

     

    Low Budget is a useful tool for occasional use. But too often I see people with the Low Budget Blues. They’ve gotten into the habit of Low Budget. They think poor: Tighten the belt, do without, never buy new, can’t afford it, shop at garage sales, eat cheap, sleep cheap, think cheap.

    It’s great to be able to do this during a recession, a cash flow problem, between jobs, after a loss, or to save additional money for a large purchase. But too often people buy into Low Budget as if it was reality. Low Budget is a choice. When it becomes a choice for too long, it becomes a habit.

    During my rough financial times, I lived on low budget for years. All available cash went to paying off debt. Even after filing bankruptcy, there were debts I was obligated to repay, such as approximately $12,000 in taxes. Though I was not required to, I repaid the smaller businesses I owed money—my accountant, my attorney, and some personal loans from friends. I started with very small payments. Then the more money I made, the bigger debt reduction payments I made.

    It took me another four years past filing bankruptcy, but when I finally became debt-free, what a relief, what a celebration! A hundred pounds felt lifted from my shoulders. Then I realized I hadn’t a clue what I would spend money on instead of debts.

    (Continued on page 140 of The Wealthy Spirit)

    Today’s Affirmation: “I am now enjoying living on High Budget because I can afford it!”

    Living cheaply is just not my idea of the Good Life. There are some popular financial blogs that are all about making do with less. It’s a good tool in its place, but that’s not the ultimate goal, is it? It has value from time to time, but it’s like everything else in life – you can overdo it and you can underdo it. The Middle Way is always the best way.

    My friend, Nancy Sardella, of Worthwhile Referral Sources.com, one of my favorite networking groups, gave this instruction in one of her marketing seminars: “Stop clipping coupons and spend that extra hour on your marketing plan!”

    Getting smaller won’t help you go big. Design your High Budget and look at that every day. Put your creative brain to work: revise your marketing plan, make another Gold Call (not cold call), write an article, post on your blog, post on Facebook, write an interesting tweet, get together with a friend and brainstorm ideas, raise your prices, add a product or service.

    Living within your means is important, but not as important as increasing your means. Go make better means today!