Archive for June, 2010

Fears from Think And Grow Rich

Napolean Hill, Think And Grow Rich

Fears

 The Six Basic Fears

There are six basic fears, with some combination of which every human suffers at one time or another.  Most people are fortunate if they do not suffer from the entire six.  Named in the order of their most common appearance, they are:

The fear of poverty

The fear of criticism

The fear of ill health

The above three are at the bottom of most of one’s worries.

The fear of loss of love of someone

The fear of old age

The fear of death

All other fears are of minor importance; they can be grouped under these six headings.  Fears are nothing more than states of mind.  One’s state of mind is subject to control and direction.  Man can create nothing which he does not first conceive in the form of an impulse of thought.  Following this statement comes another of still greater importance, namely, man’s thought impulses begin immediately to translate themselves into their physical equivalent, whether those thoughts are voluntary or involuntary.  Thought impulses which are picked up by mere chance (thoughts which have been released by other minds) may determine one’s financial, business, professional, or social destiny just as surely as do the thought impulses which one creates by intent and design. 

We are here laying the foundation for the presentation of a fact of great importance to the person who does not understand why some people appear to be “lucky” while others of equal or greater ability, training, experience, and brain capacity, seem destined to ride with misfortune.  This fact may be explained by the statement that every human being has the ability to completely control his own mind, and with this control, obviously, every person may open his mind to the tramp thought impulses which are being released by other brains, or close the doors tightly and admit only thought impulses of his own choice.

Nature has endowed man with absolute control over but one thing, and that is thought.  This fact, coupled with the additional fact that everything which man creates begins in the form of a thought, leads one very near to the principle by which fear may be mastered.  It is true that all thought has a tendency to clothe itself in its physical equivalent (and this is true, beyond and reasonable room for doubt), it is equally true that thought impulses of fear and poverty cannot be translated into terms of courage and financial gain. 

 The Most Destructive Fear

Fear of poverty is a state of mind, nothing else!  But it is sufficient to destroy one’s chance of achievement in any undertaking.  This fear paralyzes the faculty of reason, destroys the faculty of imagination, kills off self-reliance, undermines enthusiasm, discourages initiative, leads to uncertainty of purpose, encourages procrastination, wipes out enthusiasm and makes self-control an impossibility.  It takes the charm from one’s personality, destroys the possibility of accurate thinking, diverts concentration of effort; it masters persistence , turns the will-power into nothingness, destroys ambition, beclouds the memory and invites failure in every conceivable form; it kills love and assassinates the finer emotions of the heart, discourages friendship and invites disaster in a hundred forms, leads to sleeplessness, misery and unhappiness—and all this despite the obvious truth that we live in a world of over-abundance of everything the heart could desire, with nothing standing between us and our desires, expecting lack of a definite purpose.

The fear of poverty is, without a doubt, the most destructive of the six basic fears. It has been placed at the head of the list, because it is the most difficult to master.  The fear of poverty grew out of man’s inherited tendency to prey upon his fellow –man-economically.  Nearly all animals lower than man are motivated by instinct, but their capacity to “think” is limited, therefore, they prey upon one another physically.  Man, with his superior sense of intuition, with the capacity to think and to reason, does not eat his fellow-man bodily; he gets more satisfaction out of “eating” him financially.  Man is so avaricious that every conceivable law has been passed to safeguard him from his fellow man.

Nothing brings man so much suffering and humility as poverty!  Only those who have experienced poverty understand the full meaning of this  It is no wonder that mean fears poverty.  Through a long line of inherited experiences man has learned, for sure, that some men cannot be trusted, where matters of money and earthly possessions are concerned.  So eager is man to possess wealth that he will acquire it in whatever manner he can—through legal methods if possible—through other methods if necessary or expedient. 

Self-analysis may disclose weaknesses which one does not like to acknowledge.  This form of examination is essential to all who demand of life more than mediocrity and poverty.  Remember, as you check yourself point by point, that you are both the court and the jury, the prosecuting attorney and the defendant; also, that you are on trial.  Face the facts squarely.  Ask yourself definite questions and demand direct replies.  When the examination is over, you will know more about yourself.  If you do not feel that you can be an impartial judge in this self-examination, call upon someone who knows you well to serve as judge while you cross-examine yourself.  You are after the truth.  Get it, no matter at what cost even though it may temporarily embarrass you!

The majority of people, if asked what they fear most, would reply, “I fear nothing.”  The reply would be inaccurate, because few people realize that they are bound, handicapped, whipped spiritually and physically through some form of fear.  So subtle and deeply seated is the emotion of fear that one may go through life burdened with it, never recognizing its presence.  Only a courageous analysis will disclose the presence of this universal enemy.  When you begin such an analysis, search deeply into your character.  Here is a list of the symptoms for which you should look:

 Symptoms of the Fear of Poverty

 Indifference.  Commonly expressed through lack of ambition; willingness to tolerate poverty; acceptance of whatever compensation life may offer without protest; mental and physical laziness; lack of initiative, imagination, enthusiasm and self-control.

 Indecision.  The habit of permitting others to do one’s thinking.  Staying “on the fence.”

 Doubt.  Generally expressed through alibis and excuses designed to cover up, explain away, or apologize for one’s failures, sometimes expressed in the form of envy of those who are successful, or by criticizing them.

 Worry.  Usually expressed by finding fault with others, a tendency to spend beyond one’s income, neglect of personal appearance, scowling and frowning; intemperance in the use of alcoholic drink, sometimes through the use of narcotics; nervousness, lack of poise and self-consciousness.

 Over-caution.  The habit of looking for the negative side of every circumstance, thinking and talking of possible failure instead of concentrating upon the means of succeeding.  Knowing all the roads to disaster, but never searching for the plans to avoid failure.  Waiting for the “right time” to begin putting ideas and plans into action, until the waiting becomes a permanent habit.  Remembering those who have failed, and forgetting those who have succeeded.  Seeing the hole in the doughnut, but overlooking the doughnut.  Pessimism, leading to indigestion, poor elimination, autointoxication, bad breath and bad disposition.

 Procrastination.  The habit of putting off until tomorrow that which should have been done last year.  Spending enough time in creating alibis and excuses to have done the job.  This symptom is closely related to over-caution, doubt and worry.  Refusal to accept responsibility when it can be avoided.  Willingness to compromise rather than put up a stiff fight.  Compromising with difficulties instead of harnessing and using them as stepping stones to advancement.  Bargaining with life for a penny, instead of demanding prosperity, opulence, riches, contentment and happiness.  Planning what to do if and when overtaken by failure, instead of burning all bridges and making retreat impossible.  Weakness of and often total lack of self-confidence, definiteness of purpose, self-control, initiative, enthusiasm, ambition, thrift and sound reasoning ability.  Expecting poverty instead of demanding riches.  Association with those who accept poverty instead of seeking the company of those who demand and receive riches.

Annuities—What You Need To Know

Annuities—What You Need To Know

What is an annuity?  An annuity is a retirement product that provides income for those that need it. 

There are 4 types of annuities:

  • Single Premium Immediate Annuity—designed to distribute income over a specific period of time or for one’s life.  For those that desire income, this is the best hidden secret out there.  There is no risk, it is guaranteed to pay out that income via a contractual agreement and it is ensured by that particular state that that individual lives in.  It’s not an investment; it’s a strategy to pay out income. 

 

  • Single (Flexible) Premium Deferred Annuity—we could add money to this annuity.  Again, this is not an investment, it’s a saving’s vehicle.  We don’t pay any tax along the way.  Normally, they pay 1-2% more than a CD would, very safe and insured by the state that the person lives in.  The principal is safe and guaranteed, as well as the interest earned, too. 

 

  • Fixed Indexed Annuity-gives us the safety of principal, gives us the guaranteed interest of a minimum, however, the future growth is linked to the stock market.  It is linked to the S&P 500 or the Nasdaq. 

 

  • Variable Annuity—totally different than the above other 3.  It’s an investment, the money is linked to mutual funds and there are no guarantees.  And there are a lot of charges involved.