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LET'S TALK
BUSINESS
Overflowing Buckets of
Wealth
by Denis Waitley
With a little discipline and patience, you can make your journey
to
abundance and personal fulfillment a downhill flow instead of an
uphill
struggle. The key is to use the "overflowing buckets" concept of
creating
financial independence.
Picture your life as a five-step stairway, with you standing at
the top and
Fulfillment waiting for you at the bottom. Complete this picture
by placing
a large, empty bucket on each of the five steps and labeling the
buckets
from top to bottom:
Survival, Financial Stability, Quality of Life, Financial
Security,
Financial Independence.
Your objective is to fill each bucket with dollars as you progress
down the
stairway, so that when one bucket overflows, it begins to fill the
next
bucket.
The Survival bucket is how you can pay for your basic needs of
food and
shelter. Once you've taken care of these, any extra money flows
into the
second bucket, which is Financial Stability. Financial stability
is the
ability to keep solvent in the event of sudden, unforeseen changes
and
emergencies in your life - insurance against catastrophic loss.
To be financially stable, you must have an emergency fund in a
savings
account equal to a minimum of three month's income, and preferably
six
months' income. You also must have adequate permanent and
transferable
medical insurance that remains in force, regardless of your
employment
status, as well as life insurance, including some whole life, in
addition to
term, that accumulates cash value and has a level premium.
Another critical component of financial stability is
non-cancelable,
individual permanent disability income insurance, equal to at
least 70
percent of your monthly pay, but preferably 100 percent. One of
the greatest
financial blunders most people make is to forget that the
possibility of
loss of income resulting from an injury or illness is much greater
than that
of loss of life. Not only are you without income when you are sick
or
injured, you also do need to be cared for during that period, and
the
expenses continue even though you're not able to work.
When bucket two is filled with contingency dollars for your
financial
stability, you can sit down with your inner circle and determine
what
standard of living will give you the quality of life you want:
your home,
family, education, recreation, possessions, etc. These
considerations should
be budgeted with a monthly amount of savings, however small.
If you can fill your Quality of Life bucket, a little extra
discretionary
income will trickle over the lip and fall into bucket four. This
is the
Financial Security bucket. Financial security is defined as the
amount of
assets that will give you the amount of after-tax income you need
to
maintain the standard of living necessary to have the quality of
life you
want, at some predetermined point into the future, without having
to depend
upon day-to-day employment.
Less than 10 percent of Americans ever fill this bucket. Your goal
is to be
in this 10 percent. It is not based on salary. Many individuals in
the top
income brackets never reach financial security. Many middle-income
Americans
do. To get in the top 10 percent, you need to put 10 percent of
your
spendable into an appreciating investment fund every month, just
like a
mortgage payment.
The fifth and final bucket is Financial Independence. This is
achieved when
you beat the target date you set for retirement. The object of
creating
personal assets is to be financially independent of having to
work, while
you still have your health and are still young enough to enjoy
those assets.
Many individuals set their financial security target date at age
65. Using
compound interest over time, you can beat your target date and set
yourself
free.
See your life as a stairway to fulfillment. Put your dollars in
the right
buckets, in the right order. You'll be amazed at the way cash
flows from
bucket to bucket, like a river down a mountain.
Join Denis Waitley, Jim Rohn, Brian Tracy and Chris Widener live
in Anaheim,
California this July! Click here for more details:
http://jim3day.jimrohn.com
RECIPES
Ice-Cream Fudge
Ingredients:
2 lb. chocolate almond bark
2 c. softened butter Brickle ice cream
3/4 c. chocolate chips
1/4 c. butterscotch chips
Method:
Melt bark in microwave at medium setting.
Stir in butter and ice cream. Melt chips together and stir in.
Pour in 9 x 13 inch or two 9 x 9 inch buttered pans.
Recipe Courtesy: Celebrating
Christmas
http://www.celebrating-christmas.com.
Find more Christmas Fudge Recipes at
http://www.celebrating-christmas.com/recipes/fudge-recipes.shtml
BEAUTY
Recycled Makeup
Here's a new way to recycle makeup
items that are thiiisss close to getting tossed.
Blush Sticks: too dark? don't stay on? don't stain? Don't
toss them...
If it's a bronzer stick, use on shoulders or legs to add contour,
add color and depth. If it's a burgundy stain and it's not working
for you, use instead as a really big lipstick. It does work.
Crumbled eyeshadow:
Put in a little tin or plastic container and mix in a dab of your
favorite lip-gloss. Mix together for a cool lip-gloss (if the
color works) or a glossy eyeshadow/highlight.
Bronzer Tint:
Itching to use that bronzer stain after summer? Use instead as
'eyeshadow'. Apply a light shimmer eyeshadow to highlight the bone
and eyelid, and apply your bronzer in the crease with a fingertip
or a small eyeshadow brush...it's a great new contoured look!
The wrong shade foundation / concealer:
A hot look you're seeing on celebrities is the faded into the skin
lip color. (I.E. Have you checked out Jennifer Lopez's lips
lately?) Have a too light foundation or concealer that's ready to
go? Don't. Use it on lips with a glossy clear gloss on
top.....viola. A brand new look.
Blush stains:
Tired of staining your fingertips? Use a makeup sponge to apply
and blend. Also use to stain lips under your favorite lipstick/lip
gloss. You'll find the color lasts a lot longer.
Shimmering gold/silver eye shadows:
They looked great over the holidays...now? A bit too much. Instead
of tossing them, try this new evening look. Apply a brown shadow
over the eyelid and then with a large eyeshadow brush, apply a
light dusting of the silver/gold over it. You should get a soft
shimmer/see through effect. Try it also over a bright colored
eyeshadow like blue or green. Looks really pretty!
BY ELKE VON FREUDENBERG, Editor
The Beauty Newsletter
http://www.beautynewsletter.gq.nu
PARENTING TIPS
Teaching Primary Colors
This is for ages 2-3 yrs.
Teach children their primary colors with m&m's. Take m&m's, one of each color and ask them the color. Tell them they can have the m&m when they tell you the correct
color.
---------------
Sent in by Tiffany Lane from Harrison TN for 'The Dot Com
Mommies Contest' 2003. Send in your parenting tips at
http://www.dotcomwomen.com/contests.shtml and win great
prizes. Last Date: 30th July, 2004!
Copyright ?© Dot Com Women. All rights reserved. For permission
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at Dot Com Women
http://www.dotcomwomen.com/parenting/parenting-tips.shtml
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