We at WomenforWealth.com are excited to announce a new blog run by our lovely husbands, Tom Harvey and Cyrus Uible, have launched a new blog about the world economy. This blog provides easy to understand news and information about the world economy, the fed actions and what it means for all of us.
And it is updated Daily!
check it out at EconomyGuy.com
Recently a friend’s daughter asked her, “Mom, can a woman be President of America?” My friend replied, “Of course,” at which point she went to her book case and pulled down a copy of my book, Can a Girl Run for President? “Here,” she said, “this is written for grow-ups, but I’ll read it with you.” And she proceeded to read her daughter the success stories of women around the world.
That woman has the right perspective. Here’s a question for YOU. Who are the women and girls in your life who are important to you? And more importantly, how are you mentoring such that they know a girl can do anything?
A few weeks ago I was in
Well, that day changed my life forever. I had never seen a woman building anything before. In my seven year old mind, those creations were reserved for men. At that moment I said to myself, “If a woman can build a fireplace, a woman can do anything!”
What messages are you giving YOURSELF, as well as the girls and women in your life? I heard a secretary on an elevator say, “Oh, I wouldn’t have my boss’s job for anything – there’s too much worry and responsibility.” And yet I noticed that she worried and fretted as much as he did, and made half the salary. Are the things you say, and the things you do, compatible with what you want to see in the world?
How seriously do you take yourself? Do you live into your vision? Does your wardrobe reflect the position you aim for? Are your friends moving in the same direction as you seek to move? If you are married, do you allow yourself as much downtime to rejuvenate as you expect for your spouse? Those are just some of the questions you can ask to assess how well you walk your talk in terms of gender equality.
from Theresa Trumpelmann, Member
Life is full of opportunities. With every sunset, there will be a new tomorrow, with choices and opportunities for us. What a great way to end each day by asking “What choices would tomorrow offer?”
As expected, and I’m sure you’ve noticed through the last week, that changing ingrained habits is easier said than done!
Let me share with you the technique of Brio, the wise old Owl, to get your elephant (subconscious) to change direction. It is an amazing strategy for building and strengthening your confidence and sense of control. There is one condition for sharing this technique, however: you need to be 100% committed to reaching your goal.
Are you willing to redefine commitment and take it to a level of maturity and action beyond anything you’ve ever known? You see, we can reach a level of commitment and discover there’s still more we can do. You can always dig deeper. Promise yourself – that when you think you’ve done all can possibly do, you’ll dig even deeper into your core. Are you ready to do whatever it takes?
Being committed to a task means, in effect, being committed to the process of commitment. If you’ve said “YES!” (not “yes”) then we can take notes…
We often not only underestimate our elephant, but we also underestimate ourselves as leaders. Take a moment to go over what we’ve learned so far. Take a step back to review, but also to appreciate what you’ve discovered last week.
Make fear your friend, not your master. You don’t know what you don’t know.
- you clarified your vision
- you discovered that your fear can stop you or move you forward
- you learned to use fear to your advantage
- you opened up to the possibility that you don’t know what you don’t know
- you decided what your goal would be and
- you prepared yourself to take the necessary steps to reach your goal
Zero in on a goal that has depth of meaning. The journey has to be worth taking.
- after identifying your goal, you defined your core reasons why it is important to you
- you learned how to reach your core reasons by asking “why” until you have depth of meaning to your answer and you cannot go further and
- you learned that if the journey does not mean anything to you, there would be no reason to pursue it – a clarified vision and an emotional investment is needed to make the commitment to achieve your goal
ACTION STEP 1
You learned that you have to find your “elephant buzz”, the emotion that ignites the vision. Inspire your team through emotion. Never underestimate the power of emotion.
Commit to cultivate positive, dominant thoughts.
Shift beliefs, attitudes and truths to align with your vision. Envision having the goal rather than merely wanting the goal.
- you’ve realised how important your thoughts and actions are to your sub-conscious
- you made a commitment to nurturing positive dominant thoughts and lead & direct your elephant through beliefs, attitudes and truths that are in sync with your goal
- you’ve discovered that there is a big difference between wanting and having something, always envision having something
ACTION STEP 2
Stay the course. Change is gradual. Remember the ‘Drops in the Bucket’ to avoid frustration. Learn to delay gratification.
Experience your future with gratitude as if it were happening right now. Show gratitude consistently.
- not only did you learn to have a visual, constant reminder of your goal, but also to be grateful (the magic ingredient)
- you experienced your vision and thank yourself and your team mate (elephant) for having reached the goal
ACTION STEP 3
Use visual reminders, tied with emotions that will align your goal with that of your elephant’s. You’ll gravitate towards your current dominant thought and you’ll come to believe this to be true.
Strengthen confidence. Frustration will lead to negative thoughts, which will fuel more negativity. This negativity can be a pattern that destroys confidence. No two thoughts can occupy the mind at the same time. Replace negativity with positive, confident thoughts.
- in our most recent lesson, we wrote about how negative patterns can erode your confidence, and without confidence you won’t be able to stay the course and realize your objective
- you learned how to break that negative cycle by reminding yourself that only one thought can occupy your mind at a time and break that thought pattern
ACTION STEP 4
Institute pattern busters. Once you recognise yourself (or your team) playing out the pattern of negativity, interrupt the pattern by saying “Thank you, but that is not part of my vision. My vision is…” Experience the vision in full detail.
With this last action step, you discovered a way to redirect your thinking with a positive twist, stopping negative thoughts in their tracks!
Hi Friends,
Please join us for this call Thursday, August 16th. Feel free to pass this on to others!
RWANDA and it's OPPORTUNITIES, conference call Thursday Aug 16,
Call In number: (605) 990-0700 code 14-24-20#
Are you interested in investment opportunities with big returns? Are you interested in charitable opportunities? Just curious about why we have been to this tiny East African country (where 49% of the Parliament is female) twice in the last 4 months?
… Joining our October trip, and/or
… Real Estate Opportunities,
… Business Opportunities,
… Or Charitable activities
We will cover
1.The trip successes-
2. Construction boom opportunities
3. Business opportunities
4. Travel, adventure and Charity Opportunities
5. Opportunities for assistance or partnership
12-Noon Pacific, 3 pm Eastern, 9 pm
… Business Opportunities,
… Real Estate Opportunities,
… Joining our October trip,
… Or Charitable activities
Judging from the emails in response to yesterday’s issue about the US dollar decline, many of you share our concern – others are starting to keep a keen watch about what’s going on around us.
Just to finish the scenario about my Swiss Franc bond purchase, I did execute the order today through my most favored broker – but the delay cost me some interest points. Had I bought it 3 days ago when I started my enquiries, I would have had 1.18% yield/ interest. Today the yield fell to .8%. That whopping interest rate probably brings tears to your eyes!
Obviously others are starting to flee in that direction assuming that bonds are safer than stocks, driving bond prices up and interest rates down. But as I said yesterday, who really cares about the interest rate when we compare it to returns on real estate and businesses. It’s the capitol preservation I care about.
Several of you wrote today to say how you noticed how little you can buy in
The sinking of the value of the dollar will be very expensive for Americans. The lifestyle will change dramatically, EVEN IF you don’t want to travel outside this country. I’m NOT saying this for gloom and doom, I only want you to watch what’s really going on. How much money is the Fed printing? That’s the M1. (How will that affect inflation and housing prices and real estate investment, and business? We’re working in un-chartered waters here.) In fact they stopped publishing the M3 last year. HUM, wonder why? Lots to investigate and learn about once you start delving into this. Then the planning starts on how to preserve your hard earned capitol, and how to plan for appreciation.
Speaking of un-chartered waters, our Hard Money Loan Broker said to us today, “anyone under 38 years old has a hard time fathoming the downturn in the market.” That’s natural, because we all process things through our perspective, and our perspective is generally made up of our experiences. So now is the time to open up our eyes to what has been and what could be and stop assuming it will be as it has always been!
On that note, I’ll turn you over to our bond expert, Tom Harvey. Pay particular attention to the amount of money that the governments are injecting right now, and ask yourself “Why is that?”….
Market Summary, by US Bond Guru, Tom Harvey…
After yesterday’s amazing stock market and money market action, today was important in the way the Central Bankers continued to pour money in. The European Central Bank (ECB) after injecting $130B yesterday, added another $84B today.
The
Now that’s what I call more inflation.
The more important fact was that yesterday, FOR THE FIRST TIME EVER, the ECB and FED and Japanese Central Bank worked TOGETHER to add liquidity. This has never happened before. Adding funds has been done on a single national basis, but not a global basis. Several other Central Banks joined in yesterday with this Big 3 Triumvirate too. This was a truly global action.
By the way, do you remember that one French bank started all this yesterday? That bank closed 3 funds totaling $3.8B, but the ECB added $130B liquidity. Kind of an overkill?? Well, no. It turns out that there are lots of European banks holding sub-prime mortgage portfolios, and their exposure is MUCH greater than that one French bank. Other European banks have also stopped trading on the sub-prime mortgage funds.
Oh, and by the way again, the SEC is auditing the big US banks and financial companies to see (1) how much sub-prime mortgage market exposure each one has, and (2) how each one values its portfolio. Logic 101 says that this means that the SEC DOESN’T KNOW what is going on in this huge sub-prime mortgage market. Hope that makes you feel uncomfortable – because it sure makes me feel uncomfortable.
from Christine Harvey
I spent the better part of two mornings this week working at turning an IRA into a Swiss Franc account. And why would I do that anyway, you might ask? The interest rate on a Swiss Acct is horrendously low, like 1.18% after fees. The Euro has 3 or 4 time better interest – you can get a whopping 4.2% interest.
But let’s stop the focus on this interest nonsense. Who cares about 2 or 3 % interest difference when we can make huge returns on real estate investments, and businesses.
Why am I looking at Swiss Francs anyway? The answer is simple.
I’m REALLY concerned about the US dollar. The Chinese are threatening to undermine it, the French stopped trading in 3 funds today because of their concern over the
When I called the brokers this week to move into Swiss Francs, they all tried to talk me into other currencies – ‘you’ll get higher interest’ they said. But my objective was not interest, it was the preservation of my capital.
And why Swiss and why not Euros, you might ask? Well actually Euros are my close second choice. It’s a gamble. But I look at it this way. The old money believes in
The Euro on the other hand has the advantage of being in line for the currency of choice, if the dollar is undermined - which could be the most traumatic economic shift of our lifetime. The Euro has big pull due to the European Union and the huge number of countries it represents. I don’t personally have faith in their stability in the long, long haul because of the interdependence they face. If one country falters, the others have to prop it up, and eventually the whole deck of cards could fall. But for the short haul they are doing pretty well. (In fact when I changed money in
Well, that’s all from me for the moment, now I’m going to turn you over to our personal US Bond Advisor, Tom Harvey. I don’t know anyone who knows the bond market better than Tom, and by studying the bond market, you have a window into every aspect of the economy. So I’ve asked him to do a summary of activity, and here it is…
Market Summary, by US Bond Guru, Tom Harvey from EconomyGuy.com
Today was one of those days that should be remembered in the future. The DOW went down 387 points due to lack of confidence in the sub-prime mortgage market.
The trigger was the French Bank BNP Paribas stopping trading in 3 funds that invested in
Now that’s what I call inflation.
The
The currency market was interesting. The US Dollar strengthened slightly as people thought the
Here’s the closing details:
DJ30 – 13,270 (down 2.83%)
10 year
US Dollar - $1.3661/Euro. About 2 cents off the record high.
THE ANT AND THE ELEPHANT: Day 3
from Theresa Trumpelmann, WomenforWealth.com Member
This is surely for Christine. When I think of her, I think of the word GRATITUDE.
For me, the word Gratitude goes hand in hand with JOY. You cannot have one with out the other.
We need a couple of triggers to assist us on staying focussed on our goals. It can be anything. The ant, Adir, became obsessed with seeing and collecting gold dots of pollen, reminding him of his dream to get to the oasis.
What can you come up with?
It needs to be visual, and constantly in front of your eyes. It needs to remind you strongly of your goal.
I often choose a card with my dreams, goals and affirmations on to read and re-read during the day. Sometimes I choose a visual colourful item and stick it onto my rear-view mirror in the car.
But why then do we still get distracted? We have all our reminders and aids, and see it repeatedly, but why do we still drift?
The answer lies in a pearl of wisdom: Now. Gratitude. Experience.
Experience your dream in the NOW - right now. The present tense gives definite meaning to your subconscious mind.
But you still need the MAGIC ingredient: gratitude.
If you experience and express gratitude, you'll be able to keep your "elephant" (subconscious) on track. Not only repeating a new truth, but also reinforcing it.
Write down you dream and vision, with gratitude, as if you've already achieved is right now. Remember to include your emotions and senses
Sometimes we have to slow down to go faster. Take time to re- enforce your dream. Regularly. Get good at it. We have to work "Heads Up and Heads down." Visualise and then implement.
Lesson 3: Constantly focus on performance
- Experience the goal as though it were happening right now
- how your gratitude consistently
ACTION STEP: Use visual reminders. These triggers should have emotions tied to them. It must align with your subconscious mind.
**********************************************************
About the above:
As many of you know, Theresa Trumpelmann is a member from South Africa who has offered to lead the whole group through a book she found useful in her leadership development and in the building of her own business. The book is The Ant and the Elephant by Vince Poscente.
Over the next 2 weeks, she will walk us through studying the book via email. This will culminate in a call in which we can all share the impact.
That call will take place on Saturday morning, August 18th at 8am Pacific/11am Eastern and 5pm South Africa time.
The Ant and the Elephant Day 2
from Theresa Trumpelmann, Member
How often do we start off with a bang, full of enthusiasm and energy, filled with our vision of a goal we set out to achieve… and somehow we slip into old habits, not knowing when we started slipping; except for the fact that we have a nagging feeling of going in the wrong direction and a familiar feeling of frustration.
Implementing new ideas and a new direction takes focus and patience. And, being human, we easily get disillusioned with our dreams and goals. Not connecting with our dreams will make one feel frustrated.
Oh, how many times have I felt like that, and the more I realize that I’m frustrated with myself and not being able to stay focused, the angrier I get! We can get so trapped in our thoughts that we can slip into a depressed state, if not paying attention.
(Tip: use the Ladder of Emotional States that Christine emailed from “Ask and it is given”, to help move up a notch at a time).
A good idea is to learn to recognize and catch the negative thought before it becomes a giant.
We need to firstly appreciate our struggle, for without conflict, there is no growth. And the most challenging conflict is within ourselves. To look at ourselves objectively is nearly impossible without some help from a mentor. (Thank you, Christine and Liz for your Focus Tips and inspiration as mentors!)
Here is a great analogy to understand how to train your habits: The Drops in the Bucket concept from The Ant and the Elephant.
Imagine a bucket full of clear water, and our goal is to turn the clear water blue, but we can only use one blue ink drop a day. We need to remember that the process will take time and consistency. At first it will seem as if there is no change at all. We cannot miss one day, for we cannot catch up lost time.
Leadership does not happen in one day, but one day at a time.
We live in a world of instant gratification (instant food, instant television, instant payments, instant internet access etc.), but we need to fight that pressure and remember that the worthiest goals take time and energy. Sometimes if feels like a drop in the bucket can’t possibly change the color of the whole bucket, but if we stay the course, it actually will.
Stay the course. Change is gradual.
The Truth of my thoughts will rub off on my subconscious mind. To change and keep my thoughts, I have to work daily at visualising my dream, like adding drops of blue to the bucket daily.
As you gain momentum in visualizing your dreams daily and create emotion around them (see yesterday’s focus tip) the ‘bucket’ will gradually become visibly blue- and you will be able to see and difference in your own life.
Our beliefs, attitudes and truths can lift us up or drag us down. If you can create a truth that is in line with your vision you are a great step closer to connecting with your dream. Choose your beliefs, attitudes and truths carefully.
Focus on HAVING (not WANTING) something and you’ll eventually have it.
Lesson 2: Commit to cultivating positive dominant thoughts.
As many of you know, Theresa Trumpelmann is a WomenforWealth.com member from South
Over the next two weeks, she will walk us through studying the book
That call will take place on Saturday morning, August 18th at 8am
The Ant and the Elephant by Vince Poscente
Leadership for the self
from Theresa Trumpelmann
Lesson 1: Why? Zero in on a dream that has depth of meaning.
To get to your dreams and goals, you must first learn to guide
your subconscious mind. You need harmony between your conscious
Before you start a journey, you must know why the journey is
worth the effort it will take to get you there. Your CORE – the
answer to your WHY – will remain pretty constant throughout your
life. It is essential to your happiness. It will keep you moving
forward even if your elephant, or subconscious, wants to go the
opposite direction. Your WHY is as important as your Dream/Goal
because it is what is behind the dream.
Start with this simple question: What is most important to you?
So, what’s at the CORE of your being, what’s inside of you?
What is important to you, and what is in your heart… for this is
where you start the journey to your dreams.
To discover this, you simply need to ask yourself the question
“WHY?” When you can’t ask yourself “why” any further, you’ve
reached your CORE. (If you goal is to grow your business to $10
million in revenue per year, then ask “why?” Maybe the answer
is “to provide for my family.” Then ask “why?” again. And so on
until you get to the core of the matter.)
Or, Think about what you love to do most. Then ask yourself why
you love it.
Lesson 2: Clarify your vision.
To dig a little deeper, one must learn to harness the power of
emotions. Find that very deep emotion that will send a shudder
through your whole body, once awakened. That dream or goal that
brings tears to your eyes when you think about it.
Find the emotion that ignites the vision. Inspire yourself and
your team through emotion. Never underestimate the power
of emotion.
Practical tip to find the emotion behind your Dream:
Describe your Dream or Goal.
Be specific, describe details how you would EXPERIENCE your
dream. Make sure you include all 5 your senses in your
description. Create a clear vision – see, taste, smell, hear,
experience the feelings and connect with your Dream, as if you
are there RIGHT NOW!
If your thoughts and Dreams match up with something important to
your Elephant (subconscious) you will have the powerful effect of
teamwork, your conscious and subconscious minds moving in the
same direction. Pay careful attention to what energize your
Elephant, what makes her excited, learn to recognize the feeling
– it is important to practice this harmonious alignment. (See
The Ant and the Elephant for more on this harmonious
1. Start paying attention to your sub-conscious mind, what
energize you subconsciously, what drives you, what decreases your
energy and where do you get stuck and frustrated.
2. Stop when you feel stressed and find your fears. What are
you scared of and what stops you from moving forward? Sometimes
it is little things that hold you back from big dreams, but once
you know what you are afraid of, it can be placed into
perspective. You might get mastermind group to work through this
step together.
3. Find your CORE, your WHY.
What is your next goal, your Dream? Why is that important to you?
Why is that so important, etc.
How would that make you feel when you achieve it?
Ask “And then what?” to prod a little deeper.
Write this down and see if you get 2 or 3 CORE experiences.
4. Connect your WHY with your EMOTIONS by writing down your
DREAM, envision it with all your senses. Experience it as if you
are there right now.
Also, don’t miss the Member Call Tuesday, August 7th at 6 Pacific, 9 Eastern
From Liz Uible
Christine and I just got home from Rwanda this week. In Kigali, the capital, we taught an entrepreneur's workshop with about 50 participants in addition to working with female senators, ministers and other leaders in a separate workshop. (if you've missed it, you can learn more about our trip, and Rwanda in other blog posts.)
In the workshop, one of the things that impressed me was the universal feeling of business owners around the world se
em to get when building their business. We can get so caught up in obstacles and road blocks that it is hard to see past them in any kind of constructive way. We can just sit in that problem for days or weeks and allow it to drain the life away from us and our businesses.
The power is in focusing on the solution and goal rather than sitting in the problem. We taught the entrepreneurs in the workshop some simple formulas for getting their head out of the problem and into the solution. (In fact, I was surprised at how quickly they took to the Mastermind concept and have already started implementing it. )
This is going to be our major focus on the Member call Tuesday. Overcome Obstacles and Keep Focus on the Solution: Strategies for changing your focus and growing your business.
I thought you might enjoy some photos of us working with the
business owners in Rwanda. Besides Christine Harvey and
me, Madeleine Nichols, Connie Kadansky, and Christina Willings helped teach these women about our
experiences as business owners and how to grow their businesses even faster.
