6 WAYS TO KEEP YOUR ATTITUDE UP WHEN LIFE TRIES TO BRING YOU DOWN

6 Ways to Keep Your Attitude Up When Life Tries to Bring You Down
Instead of spending your time thinking about how bad things are, think about how good they will be.
Chris Widener

A positive attitude is key to a successful life, so what happens when things go wrong? We have a tendency to let our attitudes take a dive along with our state of affairs. But life is going to deal setbacks, both minor and major, on a regular basis, and if we are going to be successful, we need to know how to keep our attitudes intact.
We need practical tools to help us understand how we can keep our attitudes up when the circumstances are down. Here are some thoughts to help us do so:
1. Take some time away.
You know what happens. You’re going about your day and everything seems to be going well, when out of nowhere, disaster strikes. All of your best laid plans begin to tumble. Sometimes circumstances surprise us and we react—and, unfortunately, this often compounds the problem, because by reacting, we tend to operate out of our weaknesses instead of our strengths. We make decisions that are not well thought out. We function with a bad attitude that says, “I can’t believe this is happening!”
The next time life turns against you, take some time to just step back from the problem and think. This will enable you to rationally deal with the issue at hand, instead of emotionally reacting. It will allow you to put your state of mind back in its proper place. It will give you the opportunity to choose your attitude as you face the circumstances at hand. Remember that you don’t have to do something right now. Go grab a cup of coffee and relax. You are in control—not the circumstances.
2. Keep your eye on the goal.
One of the biggest problems with trouble is that it gets your focus off where it should be. When racecar drivers get into trouble, they keep their eyes straight ahead and do not move them away. There is too much chance of wrecking otherwise. Instead, their eyes are on the goal—and this keeps them out of trouble.
If you find yourself getting down about circumstances, sit down and write out what your goal is, and give some thought to how you can achieve it. Make sure you’re keeping the important things important.
A man was asked how he was doing and he responded, “Pretty well, under the circumstances.” The other man asked, “What are you doing under the circumstances?” Good question. We shouldn’t be under the circumstances. We should be focused on the goal and moving forward.
3. Focus on solutions, not problems.
“The squeaky wheel gets the grease,” the old saying goes. Negative circumstances don’t sit idly by—they scream for our attention. When we face difficult circumstances, we tend to dwell on them. We talk about them, fret about them and give them way too much attention.
Instead of talking about problems, talk about solutions. Instead of spending your time thinking about how bad things are, think about how good they will be! Don’t have family or staff meetings about the problems and how big they are; have meetings on the solutions and how you will implement them. Don’t let yourself or other team members complain; encourage them to solve, with an emphasis on the positive results that will come from doing so. Then take some time to put these solutions down on paper so you can monitor your progress.
4. Get some positive input.
The mind tends to build on itself, so when we begin to go in one direction (like worrying), it can be a slippery slope. One thing we must do is get our thoughts back on track with positive ideas.
When circumstances have you against the emotional wall, meet with a friend who can encourage you. Pick up a good book and read. Whatever external influence you can get to put your attitude back on the positive side of the tracks—do it! It must be one of our first goals to start plugging good things into our minds to power our attitudes.
5. Tell yourself the good.
One of the greatest internal powers we have is the power to control our thoughts.
Spend time dwelling on the good things about your life or career instead of the problems. Think about positive things—things that you enjoy and that give you a sense of happiness and peace. There is an old childhood song that says, “Count your blessings—name them one by one.” That’s great advice! Let your positive attitude develop from within as well as from without. This makes all the difference!
6. Remember that circumstances are not forever.
Sometimes it seems like we are going to be up to our eyeballs in the situation forever, when in reality, “this too shall pass.” There will be a time in the future when circumstances will change and you will be on the mountain instead of in the valley. This will give you a sense of hope as you live and work that will change your attitude, make you feel better and put you on the fast track for growth.
Thanks and regards,

Seth Simon Mwakitalu
Entrepreneurship Consultant and Lifestyle Trainer
Email: seth.mwakitalu@creativeminds.or.tz
Tel: +255 754 441325 or +255 714 051174
Skype:seth.simon.mwakitalu

PERSONAL VISION

You’l l  never be successful  in fulfilling your personal  vision if you  do  not   have  a  passion  for  it .

Are you hungry  for  your  vision?  How badly do you want   what   you’re going after?

Passion is stamina that   says, “I’m   going to go after this, no matter what   happens.  If I have to wait ten years, I’m   going to get   it.”  If  you  want   to  go  all t he  way  to  your  dream ,  you  can’t sit back  and  expect   everything  t o  be  easy.  You must   have a Purpose t hat produces passion

Thanks and regards,

Seth Simon Mwakitalu

Entrepreneurship Consultant and Lifestyle Trainer

Email: seth.mwakitalu@creativeminds.or.tz

Tel: +255 754 441325 or +255 714 051174

Skype:seth.simon.mwakitalu

POWER OF MOTIVATION

The Power of Motivation was written to help you empower your positive emotions. Again, you need         to understand that in every situation there is a choice to be made.

Fear

Whenever we are unsuccessful at dealing with discomfort we fear the anticipation of more pain. This fear isn’t actual pain but a warning that unless things change the future will get worse. This can happen in any of the six key areas of our lives. (e.g. if we lose our job, we get fearful we will lose our current level of comfort). If we do not believe the future will get better we will experience…

Hurt: We begin to lose hope for all the promises life has to offer. Our hope of happiness is gone, therefore we are hurt. When we experience loss of love, joy or comfort we hurt inside. This happens when we break-off with a girlfriend, lose money or become overweight.

Anger: When we are hurt we become bitter towards the people who were contributing to our love, joy and comfort.

Frustration: We know there is more to life because we have experienced it before but we don’t quite know how to get back to that place where we felt purposeful. As a result we take action: read self-help books, go to school, attend seminars and give it our best shot to build the confidence necessary to make progress. As we learn, we increase confidence, put our hopes up, get excited again and then anticipate success in our lives. But when life’s trials result in failure we give up our hope and experience…

Disappointment: If you’ve given up on working towards your goals, you have achieved disappointment. When you were hurt you still had a spark of hope. If you are disappointed you believe that your expectations of success are not going to be realized. You have lost all sense of hope. This is the beginning of a very painful process. Eventually disappointment leads to…

Guilt: This is the stage where you participate in self sabotage. You know you ought to change, but you just don’t want to try anymore. Each time you fail to try, you feel guilty. Unless you get the courage to try again, you will feel…

Inadequacy: You’ve lost hope. You begin to feel you are worthless. You don’t believe you are capable anymore. You could feel inadequate in any of the six major areas of your life; your finances, health, career, spiritual well being, relationships, and social life.

Unless you seek outside help, someone who can help you believe in yourself again, you will move towards…

Depression: At this point you are overloaded with pain. All the Pain you experience is meaningless. It serves no greater purpose. Usually not all areas of life will be depressed at the same time. You could be depressed financially yet still be in love with the woman of your dreams. You could have awesome health yet be depressed about your career. Each of the six major areas can cause fluctuations in your emotions. If you don’t believe you can change you won’t believe that you are in control of your life. You might even believe that life is not worth living anymore. At this stage your hope for survival is to reach for drugs or alcohol to deaden the overwhelming pain and shame that you feel.

As a result you become dependent on these “quick fix” solutions, which of course are no solutions at all.

Unless you act out of faith and ask for help from God or your fellow neighbor you will lose control of your life to drugs or some other form of addiction. These addictions can perhaps be seen as the difference between your lifeline and death.

If you believe that the only emotion you will experience in the future is pain, you will seriously consider suicide. If you’ve lost hope for happiness in each of the six key areas of your life then you are headed  towards suicide. Hope is more important than food.

If you and I want to survive we must believe the future will get better, in spite of out current circumstances. You can go for months without food. Take all hope away with the promise of nothing but pain and you won’t survive even that long.

Thanks and regards,

Seth Simon Mwakitalu

Entrepreneurship Consultant and Lifestyle Trainer

Email: seth.mwakitalu@creativeminds.or.tz

Tel: +255 754 441325 or +255 714 051174

Skype:seth.simon.mwakitalu

4 Financial Habits of People with Excellent Credit

Good credit has everything to do with learning good habits and practicing them.

By NerdWallet

Your credit score can be your financial passport to a loan or credit card approval, renting an apartment or even getting a job, so it’s important to know what kind of behaviors can help you build excellent credit.

Experian examined consumer data based on the different tiers of VantageScore to give consumers an idea of which behaviors are necessary for building great credit. And as it turns out, there’s no magic to it—good credit is simply a matter of learning good habits and practicing them.

VantageScore is a credit-scoring model developed by the three major credit reporting bureaus: Experian, TransUnion and Equifax. It ranges from 300 to 850 and is separated into five tiers:

300-499: Deep subprime
500-600: Subprime
601-660: Nonprime
661-780: Prime
781-850: Super prime

While the VantageScore isn’t as widely used as the FICO score, it’s calculated with many of the same factors and is a good indicator of overall credit health. That being said, the following habits can help you establish excellent credit regardless of which scoring model you use.

So, what do people with excellent credit do?

  1. They pay bills on time.

Making payments on time is one of the most important ways to build good credit. The Experian data supports this notion, showing that 100 percent of super prime consumers and 97 percent of people with prime credit have no late payments on their credit reports.

Takeaway: Make a habit of paying on time, every time. If you do have any delinquent bills, get caught up as quickly as possible. Late payments can stay on your credit for up to seven years, but your recent payment history has a greater effect on your score.

  1. They keep their credit card balances low.

How much debt you carry on your credit cards relative to your available credit—also known as credit utilization—is a good indicator of how easily you can make your debt payments. Although it’s typically recommended to keep your utilization under 30 percent, the lower the better. For example, prime consumers have an average utilization of 30 percent, whereas the super prime credit tier averages just 8 percent.

Takeaway: Credit card companies typically report to the credit bureaus once a month, so a good way to keep your credit utilization down is to find out when your issuer reports your information and make a payment before that date. Another option is to make payments more than once a month.

  1. They apply for credit infrequently.

Every time you apply for credit, it results in a hard inquiry on your credit report, which can ding your score. Only 31 percent of people with super prime credit and 38 percent of people with prime credit had a hard inquiry on their reports in the past year. Having multiple credit inquiries in a short period of time may signal that you’re struggling financially and are using credit to get by, or you are living beyond your means.

Takeaway: Apply for credit only when you need it. Try to limit applications to once every six months to be safe.

  1. They have patience.

Lenders are likely to consider you a risky borrower if you have little to no credit history. The longer you’ve been using credit, the easier it is for them to gauge how responsible you are. On average, super prime consumers opened their oldest credit account 27 years ago, while prime consumers started using credit 19 years ago.

Takeaway: While the length of your credit history isn’t as important as your payment history or credit utilization, you can benefit from keeping old credit card accounts openand using them regularly and responsibly.

There’s no get-excellent-credit-quick scheme. Rather, it’s important to establish these credit habits over the long run. The good news is that it’s never too late to improve your credit. While negative marks may stay on your report for years, recent good habits usually overshadow old bad ones.

Thanks and regards,

Seth Simon Mwakitalu

Entrepreneurship Consultant and Lifestyle Trainer

Email: seth.mwakitalu@creativeminds.or.tz

Tel: +255 754 441325 or +255 714 051174

Skype:seth.simon.mwakitalu

Life Purpose

Answer 6 Questions to Reveal Your Life Purpose

Deep down inside, you know what you most love to do and how you can make your mark on the world. Get ready for some soul-searching.

Stephanie Wood

As a reader, you probably earn a good living but also define success as something more than money and the things it can buy. To you it’s a holistic concept—not just financial success, but also happiness, good relationships, and the ability to give back and contribute to society. “You need a higher purpose than just survival,” says Tina Tessina, Ph.D., a Long Beach, Calif., psychotherapist and author of The Ten Smartest Decisions a Woman Can Make after Forty. “Once self-confidence and self-esteem are established, you’ll need a challenge to feel satisfied, a way to express your uniqueness and individuality to yourself, to friends, and to the world.”

“People think they will feel fulfilled when they check off their list: getting married, having kids, buying a certain house, getting a boat, reaching a certain title or profit level in their business,” says Elizabeth Lombardo, Ph.D., author of Better than Perfect: 7 Strategies to Crush Your Inner Critic and Create a Life You Love. “But happiness doesn’t come from money and success. Even celebrities who make more money than we can imagine doing just one movie don’t feel fulfilled.”

What truly moves you and how can you turn that passion into a fulfilling mission in life? Everyone’s different, but we’ve outlined some common strategies that can lead each of you to your unique goal. Here are some key questions to ask yourself.

  1. As a child and back in my younger days, what experiences were the most memorable?

What pastimes did I find most fulfilling?

“Make a list of everything that gave you pleasure” as a kid and teenager, recommends Jim Donovan, life and business coach and author of Handbook to a Happier Life. “Maybe it was playing basketball or guitar. Start small and resume those activities. Then once you rediscover that passion, look for a way to use it to help others. Maybe you can volunteer to coach a basketball league for underprivileged kids.” Donovan teaches personal development strategies to prison inmates every week. “I don’t know how to not do this,” he says. “I need the experience as much as they do.”

A sense of purpose comes from within and isn’t imposed or chosen from outside, Tessina emphasizes. “Your purpose may be your livelihood, or it may have nothing to do with how you make a living. Your purpose may be a simple one, like making a good, healthy life for yourself and your children, or it may be more dramatic and based on what you learned by your own childhood experience.”

  1. Who is my idol and why do I admire this person?

The answer may or may not be a famous person. You might admire a colleague’s giving and thoughtfulness, or that he or she is so in tune with family, Lombardo says. Or maybe it’s someone really big, like Steve Jobs. An idol like that can be intimidating, but you need to take the comparison out of the equation, she says. Admire his characteristics, his vision and ability to stay focused in spite of the naysayers, but don’t try to be him. Learn from him, but be you.

  1. What are my core values and beliefs?

It sounds like a simple question, but it’s far from it. We can accept certain values because we’ve been taught they’re important, but sometimes they don’t work for us. That corner office and CEO title, for example, may cripple your heart and soul. “After years of listening to others, I realized that what mattered to me was freedom,” recalls Donovan. “I didn’t want a job to run my life, and I think a lot of people feel the same way. The secret is to stop waiting for the company to make it better for you. Make it happen yourself.”

Start by making a list of values you think are important, Lombardo suggests. They may include everything from integrity to friendship, faith to humor, patience to spontaneity. Then rank each on a scale of 1 to 10. “All values are good,” she notes, “but understanding which are most important to you will help you understand what will give your life meaning.”

For those clients who may be blocked, New York City career counselor Roy Cohen, author of The Wall Street Professional’s Survival Guide, encourages them to try an activity that neutralizes and contains the distractions, such as meditation, yoga or even a more dramatic option such as an Outward Bound wilderness immersion program (there’s one just for corporate team-building). “Sometimes people are in such a familiar place that they can’t think creatively,” Cohen explains. “They need to remove themselves as much as possible from their comfort zone, so that the roles they typically play are stripped away. Being on their own and relying entirely on their initiative to survive and thrive is often transformative. It may take six months of meditating plus a wilderness trip plus therapy, but collectively those experiences will produce a spark and something will emerge from the process.”

  1. What causes are near and dear to my heart? And how can I use my professional credentials to help those causes?

Watch the evening news for a week or check out the online headlines: What gets you most upset? Maybe it’s the stories of child abuse or the parents working three jobs who still can’t pay their bills. Maybe it’s the lack of vaccines in underdeveloped countries that could stem the spread of preventable diseases. “Just get your feet wet,” Lombardo says. “You don’t have to find one thing and stick with it forever. Just open your mind to the possibilities and you’ll be amazed what presents itself.”

Understand, too, that it can take a while to settle on the right focus for you, so plan on doing a lot of networking and research before settling on a cause or a role. “Talk to the people who are involved in an organization or area you’re interested in: What challenges are they telling you about, what is their biggest need, how can you fit in and contribute?” recommends William Winn, Ph.D., a consulting psychologist with the Boston advisory firm New Directions, which helps professionals reinvent themselves. Think of it like transferring into a college, he says. The people and systems are already in place, unlike when everyone arrives as freshmen together. You need to figure out how to fit into that existing culture.

Many people may at first feel as if they want to get away from the tasks they perform at work, Winn says. “If they’re in a financial job, they think, I don’t want anything to do with numbers. But the reality is, the charity that you have your heart set on may really need your accounting or investing skills,” he says. “And performing those tasks for a nonprofit is going to be a completely different experience because the environment and objectives are different—you’re performing them to do good, not just to make a profit.”

  1. What goals should I set for myself?

Take stock of each segment of your life, Donovan says, and write down what you visualize as the ultimate goal in each area. Include your career, family, health, relationships, spirituality and travel desires. Ask yourself: What would my best health look like? Who are the people I most want to spend time with? What do I most want to change? Write down each ultimate goal and make a habit of visualizing each one on a daily basis: you, running a marathon; your family enjoying dinner together; you and your partner building a home for the needy or embarking on a missionary trip to an underdeveloped country. “If you don’t understand and set your own goals, you will end up living someone else’s,” Donovan cautions.

Next, you need goals for the challenge or cause you’re focusing on. “I tell people to create a business plan,” Cohen says. “Since successful people tend to be metrics- and model-driven, they need to begin with research and information gathering, assess and evaluate what they have learned, and then turn that insight into a life-plan that is more meaningful.”

  1. What do I want my legacy to be?

The ultimate question for anyone considering how to make a greater contribution to his or her world: How do I want to be remembered by those whose lives I touch? A simple way to get to this answer is to write your own obituary. Sometimes referred to as an “autobituary,” it’s a chance for reflection that also forces you to realize that your time is limited and to take a hard look at the way you’re spending it. “Your 30s, 40s and 50s are an intense time at work and in building relationships, and the self takes a backseat to all this,” Winn says. But when business is good and your children are getting older, it’s time “to press the reset button and ask, What matters to ME now?

The “autobituary” exercise is a way to discover that. Just start by recording the facts, then add in others’ opinions that you would hope to be true: He was a good friend. She was a parent who really understood her children. He spent countless hours volunteering in his community.(Need more help? ObituaryGuide.com offers a free template.)

If the idea of an obituary feels too morbid, think about your 90th or 100th birthday party, Lombardo says. “Who do you want to be there, and what do you want your guests to say about you in their birthday toasts: ‘He was a loving father and husband’; ‘She donated money and time to this cause.’ Or ‘I loved working for him because he was patient and helped me learn from my mistakes,’ and ‘He always understood family was just as important as work. He was the best boss I ever had.’ ”

Whatever form it takes, “In the end, a re-examination of our lives seldom talks about money and power, but focuses instead on the ways we have all made a difference,” Winn says. Let that be your guiding principle for the next, best stage of your life.

Your Personal Mission Statement

Here’s a quick way to get a sense of your life’s purpose.

By reviewing the kind of person you are and the abilities that come naturally to you, even if they got you into trouble in the past, you can gain insight into your life purpose, says psychotherapist Tina Tessina, Ph.D., author of The Ten Smartest Decisions a Woman Can Make after Forty. Do so by writing down a list of descriptions about yourself in each of the following categories:

Personal qualities (e.g., friendly, intellectual, a good communicator)

Your talents (e.g., painting, motivating people by public speaking, athletics, mentoring)

The circumstances that tend to repeat in your life (e.g., do you wind up teaching others, listening to people’s problems, working with children or technology?)

Your desires (e.g., traveling, cleaning up the environment, running for political office)

Then take the answer that is most important to you in each category and complete the following sentence:

I ________________ (your name) am designed to be a ________________ (insert personal quality) who can ________________ (insert talent) and I find myself ________________ (fill in recurring patterns or circumstances) often, because I am supposed to ________________ (desire).

Example: 
I, the President of the U.S., (your name) am designed to be a good communicator (insert personal quality) who can motivate people through my speeches (insert talent) and I often find myself listening to people’s problems (fill in recurring patterns or circumstances) because I am supposed to run for office and improve their circumstances (desire).

Thanks and regards,

Seth Simon Mwakitalu

Entrepreneurship Consultant and Lifestyle Trainer

Email: seth.mwakitalu@creativeminds.or.tz

Tel: +255 754 441325 or +255 714 051174

Skype:seth.simon.mwakitalu

What Do You Get from Giving? (3 Things, Actually)

By Carrie Morgridge

There is a euphoric high when you touch a life, when you donate your time, when you share what you can with whom you want and expect nothing in return. By giving to a cause you care deeply about, you always receive more than the person on the other side of the gift.

How do I know? For the past 15 years, I’ve been running The Morgridge Family Foundation, making investments that transform communities through education, conservation, the arts, and health and wellness—and we always get back more joy than we give. Why? Because we give out of passion, not guilt or obligation. That feeling, that connection, is what makes giving feel good.

In my book Every Gift Matters, I hone in on the fact that every person and every gift can make a difference. Whoever you are, no matter how much or how little you have, your gift matters. The smallest, seemingly unimportant, donation can transform a life. And the best news is that giving transforms two lives: the one who receives and the one who gives.

So whether you are volunteering your time or donating small or large amounts, here are three surprises that giving brings to you, the giver:

  1. A sense of joy and purpose

While volunteering this year at a United Way Toys for Tots drive, I got to meet the families who were in need. I got to listen to their stories, hear about their kids, and then send them home with a car full of toys and food. I was not the major donor of the event, nor was I an event coordinator—I merely showed up for my scheduled shift and was immediately blown away by the impact that the event had on me.

I understood why the same volunteers had been showing up year after year to help over 3,000 families. I admired the students who volunteered next to me, as they quickly understood how they were giving back to their own communities. The only regret I had about sharing my day with these families was that I hadn’t found the organization earlier in my life.

The incredible sense of joy and purpose that comes from giving never ceases to amaze me. Find a cause that brings you joy, and then invite your friends. They are looking for the same thing you are—fulfillment in giving—and most people just need to be asked. If you are being asked to join a friend, make today a yes day. Your life might never be the same.

  1. A greater connection to your community

Our foundation has always believed that you must take care of your own community first. So when we recently moved to Stuart, Florida, we went to the local United Way and asked them to identify the needs in our area and introduce us to some of the leaders who were making an impact. The conversation led us to a site visit at House of Hope, a food pantry that uses hunger as a hook to get people in the door. Once a person is there, the house immediately sits them down to talk about why they are hungry, and if there is anything they can do to help you get back on a better path—whether that’s looking at a new career or job skills training.

Why is this so important? When we wrap around services up front to families that are willing and able, we not only lift up the person and the family, we lift up our own community, too. A small amount invested in a family will save thousands of dollars of social service needs once they become self-sustaining.

When you take care of your own backyard, you’ll have a much greater sense of connection to your neighbors. So seek out food banks or soup kitchens in your community that provide services beyond the meals, ones that seek to fight poverty. Whether you have a little or a lot to give, helping your neighbors help themselves is one of the most rewarding things you’ll ever do.

  1. New ideas—on how to solve the problems you care about

One of the best grants we ever gave was to a food bank, Second Harvest of Orlando, Florida. The return on our investment came not just from the immediate impact on the recipients of the gift, but from the innovative lessons we learned about ways to address hunger—lessons we can now apply to other projects.

At the time, our family lived in Orlando, and I had met with a group of leaders who were pitching our foundation on how to help the hunger problem in the area. It was a significant issue, especially given that one in four who are hungry in that city are under the age of 5. Since our foundation had been funding projects in this particular sector, we knew the issues and the programs pretty well. All the pitches were fairly standard—except for Second Harvest. It had identified that the food stamp office, where people went to sign up for benefits, was not on the bus line—which meant an awful trek for a family down on their luck. They often had to take three or four buses and walk up to five miles just to get to the office, which required many to take the day off of work.

Second Harvest’s idea was to flip the strategy. They wanted to hire five “rovers” who could respond to the families in need and sign them up at their home, eliminating the need for the families to travel to the office. The rovers had portable fax machines in their cars and a direct line to the desk in Orlando for immediate processing, since they had done all the pre-work for the officers. The results were profound. Not only did the program immediately create five new rover jobs, but within a few years, Second Harvest generated 10,000 applications, resulting in $18 million worth of benefits—a huge milestone. This organization’s keen ability to think outside the box not only made a huge impact on the issue at hand, but it gave us new ideas about how to apply their innovative thinking and solutions to other problems we are tackling.

If you stay laser-focused on your mission in giving back, you’ll not only make a difference, but your own return will be immense. I know that our money can’t save everyone, but for the people we do touch, their lives are forever changed. That is something I can live with, and you should, too, because every gift matters.

Thanks and regards,

Seth Simon Mwakitalu

Entrepreneurship Consultant and Lifestyle Trainer

Email: seth.mwakitalu@creativeminds.or.tz

Tel: +255 754 441325 or +255 714 051174

Skype:seth.simon.mwakitalu

3 Money Habits That Separate the Rich From the Poor

by Jim Rohn

Here is an exciting thought! Why not work full time on your job and part time on your fortune? And what a feeling you’ll have when you can honestly say, “I’m working to become wealthy. I’m not just working to pay my bills.” When you have a wealth plan, you’ll be so motivated that you’ll have a hard time going to bed at night.

Here’s my thought on how money should be allocated.

The 70/30 Rule

After you pay your fair share of taxes, learn to live on 70 percent of your after-tax income. These are the necessities and luxuries you spend money on. Then, it’s important to look at how you allocate your remaining 30 percent. Let’s allocate it in the following ways:

Charity

Of the 30 percent not spent, one-third should go to charity. Charity is the act of giving back to the community and helping those who need assistance. I believe that contributing 10 percent of your after-tax income is a good amount to strive for.

The act of giving should be taught early, when the amounts are small. It’s pretty easy to take a dime out of a dollar. But it’s considerably harder to give away a $100,000 out of $1 million. You say, “Oh, if I had $1 million, I’d have no trouble giving $100,000.” I’m not so sure. $100,000 is a lot of money. Start early so you’ll develop the habit before the big money comes your way.

Capital Investment

With the next 10 percent of your after-tax income, you’re going to create wealth. This is money you’ll use to buy, fix, manufacture or sell. The key is to engage in commerce, even if only on a part-time basis.

So how do you go about creating wealth? There are lots of ways. Let your imagination roam. Take a close look at those skills you developed at work or through your hobbies; you may be able to convert these into a profitable enterprise.

In addition, you can also learn to buy a product at wholesale and sell it for retail. Or you can purchase a piece of property and improve it. Use this 10 percent to purchase your equipment, products or equity—and get started. There is no telling what genius is inside you waiting to be awakened by the spark of opportunity.

Savings

The last 10 percent should be put in savings. I consider this to be one of the most exciting parts of your wealth plan because it can offer you peace of mind by preparing you for the “winters” of life. Let me give you the definition of “rich” and “poor”: Poor people spend their money and save what’s left. Rich people save their money and spend what’s left.

Twenty years ago, two people each earned a $1,000 a month and they each earned the same increases over the years. One had the philosophy of spending money and saving what’s left; the other had the philosophy of saving first and spending what’s left. Today, if you knew both, you’d call one poor and the other wealthy.

So, remember that giving, investing and saving, like any form of discipline, has a subtle effect. At the end of the day, the week, the month, the results are hardly noticeable. But let five years lapse and the differences become pronounced. At the end of 10 years, the differences are dramatic.

And it all starts with the same amount of money—just a different philosophy.

Thanks and regards,

Seth Simon Mwakitalu

Entrepreneurship Consultant and Lifestyle Trainer

Email: seth.mwakitalu@creativeminds.or.tz

Tel: +255 754 441325 or +255 714 051174

Skype:seth.simon.mwakitalu

THE POWER OF THOUGHTS

The power of our thoughts may never be measured or appreciated, but it became obvious to me to be aware of my thoughts and how I expressed myself. I have come to understand that people become rich not because of the amount of money they earned, which were significant, but because of their thoughts and actions.

I have nowadays become acutely aware of being careful which thoughts I chose to adopt as my own. Whom should I listen to-rich people or my poor people?

One should be in the position to know that, it is better to reach a point where money works for you and not you working for money. This means that if you want to die poor just work for money, but if you want to be rich let money work for you (Investments).

Thus, money is one form of power. But what is more powerful is financial education. Money comes and goes, but if you have the education about how money works, you gain power over it and can begin building wealth. The reason positive thinking alone does not work is because most people went to school and never learned how money works, so they spend their lives working for money.

Thanks and regards,

Seth Simon Mwakitalu

Entrepreneurship Consultant and Lifestyle Trainer

Email: seth.mwakitalu@creativeminds.or.tz

Tel: +255 754 441325 or +255 714 051174

Skype:seth.simon.mwakitalu

TAKE TIME TO BE QUIET 

Taking the time to be quiet is something we don’t do enough in this busy world. We rush, rush, rush and are constantly listening to noise all around us. We must not get faked out by just being busy. Instead, we must constantly ask ourselves the question, “Busy doing what?” In other words, are the activities you are participating in moving you toward your goals? If not, then work to eliminate those things and replace some of that time with quiet. The human heart was meant to have times of quiet reflection, allowing us to peer deep within ourselves. It is when we do this that our hearts are set free to soar and take flight on the wings of our own dreams. Schedule some quiet “dream time” this week. No other people. No cell phone. No computer. Just you, a pad, a pen and your thoughts.

Think about what really thrills you. When you are quiet, think about those things that really get your blood moving. What would you love to do, either for fun or for a living? What would you love to accomplish? What would you try if you were guaranteed to succeed? What big thoughts move your heart into a state of excitement and joy? When you answer these questions, you’ll feel terrific because you’re in the “dream zone.” It is only when we get to this point that we can truly realize and begin to experience what our dreams are.

Thanks and regards,

Seth Simon Mwakitalu

Entrepreneurship Consultant and Lifestyle Trainer

Email: seth.mwakitalu@creativeminds.or.tz

Tel: +255 754 441325 or +255 714 051174

Skype:seth.simon.mwakitalu

YOU

You, as a person, are very much needed to start and run a successful business. Therefore, you need to know yourself better. What are your potentials (talents and gifts)? What are your strengths (things you are better at) and weaknesses (things you struggle with or you are not better at)

What are your likes and dislikes? What are your values? What opportunities surround you? Walking as many miles as possible within yourself every now and then is very important in answering the above questions. You can do it through frequent meditation, reading of appropriate literatures, getting feedback from other people, and trying things out.

This is all for today.

Stay tuned,

Seth Simon Mwakitalu

Entrepreneurship Consultant and lifestyle Trainer