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Showing posts with label in. Show all posts
Showing posts with label in. Show all posts

Thursday, 10 January 2013

How To Turn Your Challenges In Opportunities

How much difference can you create in your life with a subtle little shift in perception? Sometimes the difference between a happy, successful outcome and a dismal failure, is only a slight shift in perception. How we represent things to ourselves determines how we will respond to any given situation. In turn, our response will help determine the outcome.
When life hands you a challenge, how do you feel about it? What is your initial internal response on an emotional level? What is your external response as seen through your body language and verbal expressions? Why does it even matter?

What do our responses reveal about us?

How we respond to any situation reveals a lot about our attitude and perception. So, when we see challenges as opportunities, what does that reveal about our personal vantage point? Likely it means that we have a healthy degree of optimism, self-confidence and openness, along with an adventurous spirit. It would indicate that we enjoy life and look forward to whatever comes next.
On the other hand, what does it say about us when we greet a new challenge with feelings like: “Oh no, I don’t know how much more of this I can take.” Well obviously, this would indicate that we are running low on resources. It might also reveal a pessimistic, closed, and somewhat fearful perception of the world around us. This type of limiting attitude can only attract more of the same. Fear and negativity cannot possibly create a life of joy and prosperity.
The surprising thing is that there is often only a small degree of difference between a positive, optimistic perception, and a negative, pessimistic one. Even though these two attitudes are polar opposites, they both started with the same challenge.

One degree of difference

Our immediate response to any situation sets up a corresponding chain of neurological events. If we can control our immediate response, we can change the outcome of those events. Allow me to illustrate.
When a golfer takes a swing at a ball, one degree of difference can determine whether he comes in under par, or sinks one in the lake. When a jet takes off from LA international, headed toward London, one degree of difference can determine whether he lands in Greenland or Africa. Okay, I admit that I didn’t plot this one on a map, but you get the idea.
Correspondingly, if our first response to any given situation is negative, it makes a positive outcome much more difficult to achieve. That initial negative response will trigger our established response patterns, and we will begin to follow the ingrained pattern established by previous negative experiences. In essence, we will switch over to autopilot in the wrong direction.
Here’s the important point: training ourselves to respond positively, or at least neutrally, will have the opposite effect. An optimistic response to a new challenge will trigger a completely different set of established response patterns. Our subconscious will look for similarities between this situation and our initial response to positive experiences from our past. This will initiate a neurological chain reaction that will help move us in the right direction. Now we will be operating from a much more resourceful state.
So how do we train ourselves to control our initial response to challenges so they feel like opportunities? Let’s look at…

3 Ways to Turn Challenges into Opportunities

1) Liberate yourself – Accept responsibility! The first step is to recognize that we are in control. We need to accept responsibility for our responses, and recognize that they assert a powerful influence on our life. How many times have you heard someone say, “That’s just how I am, I can’t help it.” Until we accept responsibility we won’t have any reason to change.
Accepting responsibility is a wonderfully liberating experience. It puts us in the driver’s seat of our own life. That means that we are in control, and we can change direction anytime we want to. It is one of the most empowering things you can do for yourself.
Some people shy away from responsibility because it brings with it accountability. So let me ask you this, is it more empowering to be accountable for your own actions and attitudes, or to make somebody else responsible?
You see, when we give away accountability we create a state of helplessness. So I encourage you, liberate yourself – accept responsibility.
2) Use leverage! Leverage means that you exert the greatest amount of control with the least amount of effort. The time to do this is during the first few moments when you are faced with a new challenge. Once you start down a negative road, it is much more difficult to reverse your course. If you control your first step, you start out in the right direction, and it is much easier to maintain that direction.
This is true in all aspects of our lives. If you are a cookie monster (like me) and you’re trying to exercise control over your cravings, where is the best place to do that? If you said, “at the store,” then you are absolutely right. If you don’t bring the cookies home, you won’t be tempted to eat them. If you don’t take them off the shelf and put them in your cart, you won’t be tempted to buy them. So, the simple act of leaving them on the shelf gives you the greatest leverage for controlling your cravings.
In the same way, weighing a situation before we respond to it gives us the greatest leverage in determining the outcome. In other words, leave the negative response on the shelf.
3) Turn it into a game. When we take life too seriously, it’s easy to overreact to situations. Why not turn it into a game instead? If you tend to react negatively to challenges, try imitating somebody who always reacts positively. Make a game out of it, put yourself in character, play the role until you establish a new response pattern.
Role-playing makes it much easier to break ingrained habits then trying to tackle them head-on. It also makes the whole process more fun. You might feel self-conscious imitating somebody else, but trust me, no one will notice. What they will notice is how you respond positively to challenging situations. In return, they will respond to you in a positive way, and everybody feels better.

Look, you are surrounded by opportunities!

Now you have three powerful ways to control your initial response to challenging situations. Like most of the life skills I write about, these are simple steps that can help you to quickly transform the quality of your life. If you are interested in a step-by-step program for producing unprecedented personal growth, have a look at TRUE SELF.

Thursday, 20 December 2012

How to Make Money In the Stock Market: 4 Steps to Make You a Confident Investor

It’s a whole new investing ball game folks. Even just a few years ago, your odds of being able to start investing with as little as £100 were as good as a pig not rolling in mud after a storm.
Sure, people have been writing about investing with £100 for years.
But the knowledge needed to pull it off properly was crazy. And the emotional and practical obstacles to getting started were scary.
Not anymore.
If you’ve always wanted to hit the start (or restart) button on investing, here’s how you can do it with £100.

Is This You?

Let’s be honest.
Most folks believe the investing myths that abound everywhere you turn. I’m talking myths like:
  1. Getting started with investing isn’t necessary if you eventually make enough money
  2. Investing with small amounts has no benefits
  3. You need thousands of dollars (or more) before the investment company gatekeepers will let you in
  4. People who don’t know a stock from a bond or how “The Market” works should stay away
  5. You should pay off all your debt – regardless of the terms and interest rate – before investing
  6. The best returns for a solopreneur or small business owner are always reinvesting in your business
There could actually be some truth to these myths in certain scenarios. I should know since I worked in the investment industry for a decade. But people who these myths apply to probably don’t look and act like you and me.


Every day, a new barrier to investing with small amounts is being invisibly broken down. So, if you’re determined to have your purchasing power grow faster than taxes and inflation constantly devour it, you should be investing now.

Know the Breakdown

Many people get stuck with investing because they feel they need to know the perfect investment before starting.
Here’s a secret everyone should know:
There is no such thing as a “perfect” investment. There are only suitable or appropriate investments, some of which you might already know about.
You could get tips from Warren Buffett all day long or even incredible education in less than two pages, but the fundamental process can be the same for everyone.
Here’s the breakdown to get you moving, educated, and joining a new generation of confident investors.
1. Answer Some Initial Considerations
You don’t need to know every investing definition, process, and principle before starting.
But you do need to know your investing goals up front. Beyond ensuring your purchasing power is keeping up with the hidden bite of taxes and inflation, do you need money to pay for higher education, retirement, a future wedding, a new car, or that vacation you richly deserve? Answering this question will determine the account structure you need to pursue these big goals.
You should also consider how much to invest initially and periodically, especially if you have debt or are self-employed. Do this based on more than just financial analysis though. The health, emotional, and mental angles are essential too.
2. Choose an Investment Account Type
You could open a limited partnership, futures, or foreign currency account (among others). However, the newly empowered investor probably will find them too complex, too expensive, and too risky.
Instead, base your selection on the answer to this core question:
Do you want to invest with a focus on retirement, higher education, or something else?
If retirement, pick among retirement options like an Individual Retirement Account (U.S.), Tax-Free Savings Account (Canada), or Individual Savings Account (U.K.). If higher education, choose among options like a 529 College Savings Plan (U.S.), Registered Education Savings Plan (Canada), or Junior Individual Savings Account (U.K.). If retirement or higher education doesn’t suit your needs, the plain vanilla account is a great option.
3. Select an Appropriate Investment
Remember there are no perfect investments for you, only suitable or appropriate ones. And among all the investment types under the sun, picking one between stocks, fixed-income (i.e. bonds), mutual funds or Exchange Traded FundsReal Estate Investment Trusts (REIT), and commodities will generally be appropriate for most people.
Just make sure you first understand core investing principles like risk tolerancediversificationliquidityrate of return, and keeping costs low before making a choice.
Filters and screening tools can be your best friend here, so use them liberally.
4. Picking an Investment Company
It starts getting easier now because your choices of account structure and investment type aren’t offered by all investment companies.
Separate from each investment company’s online functionality, support methods, and pricing model, the core decision point will be how little money the company requires to open an account and invest in specific securities.
Consider signing up for automated periodic investments to further decrease the minimum balance amounts required if otherwise too high. Just about every country has investment companies with no minimum balance amounts for certain investments or minimum amounts as low as £100.
Tools at The Motley FoolFindTheBestFinancial Highway (Canada), and Money.co.uk (U.K.) can be really helpful.

Boom! You’re Investing

After the account is opened and you’ve placed your first trade, you’re rocking and rolling as an investor. Your investment balance might be small-time, but you should feel big-time confidence that your money can now grow to pay for your future needs.
Plus, it feels awesome to fight back against the ever-present grip of taxes and inflation.
When you act on these steps, your mind and spirit will thank you for liberating your time, money, and talent. Your pocketbook and bank account will thank you too.
So what’s it going to be folks? Commit to getting started (or restarted) with investing and let us know when it’s happening in the comments!