Monthly Archives: February 2011

Do you know what your Financial IQ is?

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Hello everyone! Happy Friday! I mentioned last week that I was going to start a new weekly post that talks about financial intelligence, so this week I have a simple question for you, but before I get to that let me answer a question I received from a reader on financial intelligence. Dave, “Why should I care about financial intelligence? I come in do my job get paid and make a decent living!” Making a great living is great and most of you probably are more interested in reading something else or more interested in seeing what your friends are doing on Facebook. That is fine but I have decided that my intent for this blog going forward is to help people create a life that allows financial freedom. For some of you having a good paying job is all you are gong to what out of life, but for a few of you I know you want to create a life that allows you to live your dreams and have the freedom to do what you want. So, with that being said, if you aspire to have financial freedom then these weekly posts are going to be helpful for you!

Okay, moving on to the topic today, Financial IQ. What is your Financal IQ? Don’t worry I had no idea what mine was until I started reading and studying Robert Kiyosaki. In his books he lays it out in a simple way, so I thought that instead of me trying to explain why don’t I let him explain it to you. Check out this link and read the short post. Once you have done that you will have a better idea of what the heck I am talking about when I say Financial IQ. If you are anything like I was when I first read it I was shocked at what I thought I knew and what I thought were assets.

Let me know what your Financial IQ is by posting your comments.

Until next week,
In health and wealth
Caoch Dave

There’s Always Time for Candy

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I’m at my publishing office in Dallas this week helping close out the upcoming April issue of SUCCESS (Starbuck’s returning white knight CEO Howard Shultz on the cover – fantastic issue!).
Anyway, the Super Bowl fever here is at an almost hysterical pitch. Reminds me of one of the favorite Super Bowl stories…
I grew up in the San Francisco Bay Area during the Joe Montana/Bill Walsh 49ers dynasty years. There is a famous story about Joe Montana who earned the name ‘Joe Cool’ that I love and in it lies a fantastic success lesson.
It was Super Bowl XXIII. The San Francisco 49ers are playing the Cincinnati Bengals. The 49ers are down 16-13. They have only one possession left. They have to drive 92 yards if they hope to win. At the start of this crucial drive Joe exclaims to tackle Harris Brown, “Hey, check it out, in the stands, near the exit ramp, there’s John Candy”. Harris grabs the tight end John Frank and points out Candy to him too, “Hey, John. There’s John Candy”. Fifteen seconds later Joe claps his hands in the huddle and says, “You guys want it? Let’s go.” 11 plays and 92 yards later, Joe Cool leads his team to a touchdown with only 34 seconds left, winning Super Bowl XXIII 49ers 20, Bengals 16.
During crucial and critical times, that is when you need to be most cool. If you are going to lead people, YOU have to be the eye of the storm. You have to bring calm to the situation, you have to be cool… Joe Cool. So the next time you get into a crucial moment, take some time to look around, you just might see John Candy.

Enjoy the Super Bowl. Who are you rooting for? CLICK HERE GIVE YOUR SHOUT OUT IN THE COMMENTS

It is Time for Financial Education

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Happy Friday everyone! It is just awesome here today in Dallas. We have had highs in 70’s all week. Who would have thought that, considering some 18 days ago we encountered the worst ice storm in 75 years and temps did not make it above 20 degrees. I guess they are right when they say, ‘If you live in Dallas, if you don’t like the weather, just wait a little bit because it will change.” Well, I am not here talk about the groundhog’s predication of an earlier Spring being correct, but what I am here to talk to you today is something that I am very passionate about, which is financial education.

For years, I have been studying and learning about money. I am not sure why that is the case, but I have always had a passion for business and money. So, as I read in one of Ken Blanchard’s books, “If you want to truly understand what you have read and learned you must go teach it to someone”, and that is what I intend on doing going forward. I know this is not for everyone or at least some people will think that, but you see, it does not mater what profession you are in or your financial status in life, if you do not have a strong financial education, you are going to be in trouble moving ahead in today’s economy. Shoot, I know some highly paid professionals, who yes, make a lot of money, but are uneducated when it comes to financial education. When the recession hit, they took a big hit in their savings. With just a little financial education that could have been prevented. So, the time is now to learn financial education if you want to succeed. Don’t let lack of knowledge keep you from being successful.

So, what am I referring to when I talk about financial education? It is the knowledge about how money works and how to leverage it to work for you. Some people have told me that they took economics and accounting in school, which is great but that is not going to help you be financially secure in this new economy. You need to understand how money works and how to make your money work for you. I hear all the time that the rich are getting richer and the middle class is getting squeezed out. You know what, they are right, the middle class is getting squeezed out and the rich are getting richer. Why? Well, they know how the rules of the game are played and they know how to use it in their favor.

Well, why should you care? Because I want to see you live the dream. I want to see you have everything that you want out of life. Money can’t buy happiness but it can help give you opportunities and freedom to do the things you want to do in life. I know there will be some people who will disagree with what I am going to be saying in these posts and that is fine but what I hope to do is give you just enough knowledge and education to stay competitive in this new world.

Here is what you can expect in some future posts:
What is your financial IQ?
History of money and how the decisions your leaders make affect your financial success.
Assets vs. Liabilities – why most people are wrong to think their house is an assesst
Should you stop contributing to your 401K?
Should you live below your means?

These are just some of the ideas I plan on sharing with you. If you have anything that you would like to talk about in regards to financial eduction please feel free to leave a comment. Also, I would love to hear your feedback good or bad on anything we talk about here.

Well, I have my daughter’s first soccer game this weekend. I don’t know who is more excited her or me :)!!

Make it a great weekend!
In health,
Coach Dave

Darren’s Ketch-up Post: 02-11-11

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Don’t miss a thing! Here’s is a little digest to help you ketch-up (catch-up that is) on the best-of-the-best shared, discussed and past along over the past couple of weeks…
Most Popular from:

Most popular from:
Darren Hardy Morning Motivation: “Take the first step in faith. You don’t have to see the whole staircase, just take the first step.” -Dr. Martin Luther King, Jr. LINK
Darren Hardy Morning Motivation:”When you know clearly what you want, you’ll wake up every morning excited about life.” -Mark Victor Hansen *Did you wake up EXCITED about your life today? LINK
Darren Hardy Don’t buy into the genie in a lamp, sit on your couch & wait to attract the checks in your mailbox, rub crystals, channel a 2000-year-old guru, chant affirmations, ad nauseam “secret” to success. That is hocus-pocus commercialism appealing to your weaknesses, particularly laziness, entitlement, something-for-nothing & lottery mentality. That’s not the way it works. Here is what it takes to be successful: HARD WORK. LINK
Darren Hardy What you give your attention to becomes the reality of your world. Give your attention to scandals, murders, war, fear & brutality & that will program your creative computer & your world around you. Instead, focus your attention on ideas, information & knowledge that can help you grow, prosper, create & contribute to making a positive difference. Turn OFF the rest… it will change your world & your life! LINK
Darren Hardy There is nothing more damaging to your future potential than spending your present dwelling on the past. Whatever has happened is over. Glory or defeat, once the clock struck midnight, the day was done. You are reborn each morning & who you are each day is defined by what you do that day & that day only. You are not your past. You are only your present & your present actions will determine your future. LINK
Darren Hardy Morning Motivation: “You can have everything in life you want if you will just help enough other people get what they want.” -Zig Ziglar *Who will you help today? LINK
Darren Hardy I asked Richard Branson if he felt luck played a part in his success. He said, “Yes, of course, we are all lucky. If you live in a free society, you are lucky. Luck surrounds us every day; we are constantly having lucky things happen to us, whether you recognize it or not. I have not been any more lucky or unlucky than anyone else. The difference is when luck came my way, I took advantage of it.” Do you? LINK
Darren Hardy Morning Motivation: “Let us not be content to wait and see what will happen, but give us the determination to make the right things happen.” -Peter Marshall *What will you make happen today? LINK

Most popular from:


@DARRENHARDY: This guy that really raised my marketing game. You should ake advantage of him too: http://budurl.com/57sp
@DARRENHARDY: Behind scenes prep for @PeterGuber interview: http://yfrog.com/h2m23rqj
@DARRENHARDY: THE BEST Social Media training I have seen (I’ve seen A LOT!).Latest strategies, tips & ideas compressed into 90min: www.bootcampforceos.com
@DARRENHARDY: Don’t fall for these common trip-ups with your New Year’s resolutions & goals: http://budurl.com/pfms
@DARRENHARDY: SELLING doesn’t work. Learn what does: http://budurl.com/xqsg
@DARRENHARDY: Got BHAG? My personal 8 steps for achieving your goals #2011: http://budurl.com/nm8h
@DARRENHARDY: Friends don’t let friends do stupid things. RT your friends this link (seriously): http://budurl.com/mvzv
@DARRENHARDY: Are you getting in the way of your success? Learn strategies to defeat the 9 Self-Sabotaging Behaviors of Sales: http://budurl.com/mt7b

Most Popular Comments:
Every comment shared on this blog, facebook or twitter is cherished – thank you. We picked out a batch that are particularly heart warming. This gives me a great opportunity to organize your glowing comments for all the people who work so hard on SUCCESS and supporting my efforts. Thank YOU again.
@Mojovator Excited about listening to #TheCompoundEffect by @DarrenHardy that just arrived today!!!
@PetraRolander Lstening to The Compound Effect & work on my goals for this year. Power & Results! Thank you!
@AnneDovel Just finished listening to Success Summaries CD. Should have gone to bed, but couldn’t shut it off!
@ControlTemp Listened to the @successmagazine CD twice this weekend. Great selling tips. Keep up the good work.
@lisakoehler kevin hall was AMAZING on the #success audio! Left me w goosebumps and ready to shout ollin!!!!
@MSoregaroli Great article in Jan 2011 #SuccessMagazine on 8 #Resolutions. I read ur mag every month & recommend to clients too.
@jonathanbowen Reading Compound Effect. Incredible. Section on Big Mo changed my life! I’m a steam locomotive!
@Q6Coaching just received my first copy of Success mag. Fantastic! Perfect! Just what I’ve been looking for. Thanks
@lorbaba Best quote fr Compound Effect “Learn less, but study more” The path to mastery. Needed this book yrs ago!
@angiepillars Listening to The Compound Effect while I work at the computer. Great stuff! Highly recommend it!
@letiyy My husband LOVES The Compound Effect. He’s inspired me to read it!
@RobertOlivan My wife is listening 2 Compound Effect! I’m excited for her! Taking step 2 improve her life! Thx a million!