Practice the exercise of doing at least one good deed per day, something that will make someone else feel better. This is something that will spread throughout the world if you start it and it will keep you from feeling gloomy.
Sunday, August 7, 2011
490. Being Unreasonably Happy
You control your thoughts. Your thoughts run your feelings. Therefore you control your feelings. Holding a positive frame of mind in the face of disaster is what the author Dan Millman calls "being unreasonably happy". Within every disaster, tragedy, upset, set-back, adversity, sorrow, defeat, loss, pain, injury etc., whether or not you caused it, lie the seeds of an equal and opposite benefit, joy, success etc., that you can nurture into a good that soars above the disaster that gave rise to them.
Remember that all previous failures are over and done with, past and gone forever. Yesterday is as dead as the Crimean War.
Remember that all previous failures are over and done with, past and gone forever. Yesterday is as dead as the Crimean War.
489.Permanent Health Insurance
What is your Primary Asset ?
Whatever puts most income into your pocket is your primary asset, your job, your main business, your best agency. This is the asset that initially allows you to purchase your buy to hold other assets, your passive income providers. It is vital that you protect this asset. A Buy to Hold Asset is defined as one that you keep forever (unless you can trade it for one that provides even greater income.) For this reason you should have PHI, Permanent Health Insurance a.k.a. Permanent Income Indemnity or Income Protection Insurance. It will pay a percentage of your income if you cannot work. If you don't have it, when you stop working, your income stops too. Your expenses do not stop just because your income does. The result is that you start to strip out your other assets, cash first, in order to survive. You then start to sell off your assets in order of decreasing liquidity just to live. Please note that I am using the term "asset" here in the sense that an accountant would. Once they are gone, you still have no income and nothing left to feed you.
Once you start to work for money, you should put this insurance in place and review it annually adjusting upwards by 5% to allow for inflation. Beware of the sales people - shop around for the best deal because you do not want to pay too much for it. At review time, shop around again and change provider if a better deal comes along. Counterintuitively, this is in fact a part of your master plan to create wealth for yourself. It gives you the peace of mind to be more creative in your thinking.
The Dream Game
Whatever puts most income into your pocket is your primary asset, your job, your main business, your best agency. This is the asset that initially allows you to purchase your buy to hold other assets, your passive income providers. It is vital that you protect this asset. A Buy to Hold Asset is defined as one that you keep forever (unless you can trade it for one that provides even greater income.) For this reason you should have PHI, Permanent Health Insurance a.k.a. Permanent Income Indemnity or Income Protection Insurance. It will pay a percentage of your income if you cannot work. If you don't have it, when you stop working, your income stops too. Your expenses do not stop just because your income does. The result is that you start to strip out your other assets, cash first, in order to survive. You then start to sell off your assets in order of decreasing liquidity just to live. Please note that I am using the term "asset" here in the sense that an accountant would. Once they are gone, you still have no income and nothing left to feed you.
Once you start to work for money, you should put this insurance in place and review it annually adjusting upwards by 5% to allow for inflation. Beware of the sales people - shop around for the best deal because you do not want to pay too much for it. At review time, shop around again and change provider if a better deal comes along. Counterintuitively, this is in fact a part of your master plan to create wealth for yourself. It gives you the peace of mind to be more creative in your thinking.
The Dream Game
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