Tuesday, October 29, 2013

10 Things to Stop Doing to Yourself Today

Isn’t life challenging enough as it is? You don’t have to make it any worse by doing things you should not do to yourself. Family and Relationships author Maria Robinson says “Nobody can go back and start a new beginning, but anyone can start today and make a new ending.” Rather than continue making the wrong choices and focusing on the wrong things, you can give yourself a fresh start by avoiding those things that bring hurt and pain. Here are 10 things you should stop doing to yourself from today.

1. Stop criticizing yourself

Give yourself a break already! Everyone makes mistakes. There is nobody in this world who is perfect. Wallowing in the dark pit of regret and self-criticism does not solve anything; it only dampens your spirit and causes physical and emotional pain and hurt. Stop it now. You may wring your hands and loathe yourself for a little while, but don’t do it too long or you will create a problem that wasn’t even there to begin with. Let go once you have fully processed your mistake and replace the self-loathing and criticism with self-reassurance and determination. Tell yourself you will do better next time.

2. Stop believing the negative opinions of others 

People say nasty things to each other every day and it has been so for eons. Whether someone says something negative about you out of love or hate, it’s going to hurt to some degree. That said, don’t take things too personally and let negative opinions bring you down. Just because someone says you are “crazy,” “lazy” or “worthless” doesn’t mean it is true. Les Brown says, “Other people’s opinions of you do not have to become your reality” and he is right. Take negative opinions with a grain of salt. You are stronger and more capable than people think and you prove this when you rise up and keep going. Correct what needs correcting and ignore what needs ignoring.

3. Stop focusing on what you don’t have

You can never have everything you want in life and focusing too much on what you don’t have can be a terrible waste of time, energy and resources. Instead of coveting what you don’t have, focus on being grateful for what you do have. Rather than think about what you’re missing, try thinking about what you have that others are missing. Believe it or not, no matter how bad you think you have it, someone somewhere is having it worse. So, wake up each day thankful for your life and draw strength from a deep reservoir of gratitude for the things you do have that mean something in your life.

4. Stop putting yourself last

It’s not fun being last all the time and you know it. Why put all your energy, time and resources into your job, friends, colleagues and even family until you have nothing left for yourself? Yes, sacrifice, duty, responsibility are all good and important, but if you keep putting yourself last and don’t take care of yourself, you’ll eventually have less and less to give until you have absolutely nothing left to offer. Continue putting yourself last and you will be drained, overwhelmed and susceptible to stress, depression and other health problems. Take care of yourself first. This is not selfishness; it is wisdom for living.

5. Stop spending time with the wrong people

Ever wondered why successful people leave their loser friends behind? It’s because, as Jim Rohn famously put it, you are the average of the five people you spend the most time with. Life is too short to surround yourself with people who bring you down, suck the happiness out of you or have no ambitions whatsoever in life. Surround yourself with people who will uplift you—not those who undermine your worth. Mark Twain notes: “Good friends, good books, and a sleepy conscience: this is the ideal life.”

6. Stop worrying too much

If your problems can be solved, there is no reason to worry? If your problems cannot be solved, worrying will do you no good. The only thing that worrying does really well is aggravate the situation and strip you of the joys of today. Take a deep breath and relax. Don’t let worry paralyze you. If you made it this far, there is no reason why you will not make it in the future. Life always has a way of working things out for the better in the end.

7. Stop trying to be someone you’re not

There is only one you in the entire world—dare I say the entire universe! Trying to be someone you are not or worse someone else you think is smarter or prettier than you is futile. You can only be you and others can only be who they were created to be. You may emulate some good qualities of people you admire, but only to complement (not replace) who you are as a person. Just enjoy being yourself and you will ultimately draw the right people who will love and appreciate you genuinely.

8. Stop having unrealistic expectations

We all want to be happy in life and have every right to purse happiness, but we set ourselves up for sore disappointment when we have unrealistic or unreasonable expectations. For example: don’t expect to be the CEO of your company overnight. It won’t happen. Consider your talents, skills, qualifications and experiences and weigh these against your aspirations and vision for the future. Align everything with the circumstances of your life and set realistic goals and expectations.

 9. Stop trying to buy happiness

You can buy a sleek, new Lamborghini, build a mansion on the hill and fly to exotic lands at will and still not be happy. The things that bring true joy and happiness in life are often free. Laughter, love, talent, passion, compassion are totally free. Don’t try to buy happiness or worry too much about whether life is fair or not. Just get on with it and extract happiness from common things around you. Nathaniel Hawthorne says: “Happiness is as a butterfly which, when pursued, is always beyond our grasp, but which if you will sit down quietly, may alight upon you.”

 10. Stop giving up too soon

Life will throw many trials and challenges you way. That is what makes living so exciting. If you give up too soon, you miss out on the thrills and chills of living a full life. Keep pressing on and be alert and open to encouragement from unexpected places. Good things come to those who persevere. Besides, as Jane Addams rightly observes, nothing could be worse than given up too soon and leaving one unexpended effort that might have saved the world.

Monday, October 28, 2013

13 Rules High Achievers Never Break

1. Don’t compare your life to others and don’t judge them; you have no idea what their journey is all about.

Stop trying to be someone else. We all have our own distinct purposes in life. Be yourself always and become the best version of you. You are original, not a counterfeit.

2. Don’t act the way you are feeling. Instead, act the way you want to feel.

There is a saying that action precedes feeling. If you feel sad, act like you are happy, and you will eventually become happy. High achievers get disappointed a lot because they fail many times, but since they are highly-optimistic people, they see advantage in adversity and make the best of every situation.

3. Make peace with your past so it won’t screw up your present.

You need to forgive yourself for every mistake you have made in the past. High achievers don’t go around beating themselves up for the mistakes they have made. Forgiveness is the first step to progress and only those with a strong heart can forgive themselves and those who have hurt them. Move forward today and stop dwelling on the past.

4. Don’t answer ads that promise get-rich-quick schemes because it won’t be you who gets rich quick.

Believe me when I say this: apart from bonanzas, lottery, promos or TV shows, there is nothing you can do in this world that gets you rich in a jiffy. If it sounds too good to be true, then it most likely is.

5. You can’t do everything yourself, so get help along the way.

High achievers are people of great influence. Your level of influence in most cases determines your level of success. Make meaningful relationships and help others get what they want.

6. Don’t envy what others have; you don’t know how they got it.

They say that not all that glitters is gold. The truth is that you don’t know how he got what he has or the price he had to pay in exchange for it. Think about this before you envy somebody.

7. If you can’t say anything nice, don’t say.

High achievers don’t talk just because they have to say something; they talk because they have something to say. Most successful men are very careful with their tongues–they hardly speak out of turn or when it is unnecessary. Learn to talk less and listen more.

8. Be comfortable only outside of your comfort zone.

Do something every day that scares you, and break your own records each day. This is the gateway to tremendous self-improvement. It is the secret of high achievers.

9. If you are going to jump off a bridge, make sure you know how deep the water is.

Always determine the price you have to pay for every decision you make before making that decision. Many great men today are college dropouts, but they knew what they wanted and the understood the implications, so they went all-out. So before you quit your job or quit college, and before you jump off that bridge, ask yourself this very important question: “how deep is the water?”

10. Change only what you can change and let go of the rest.

You can’t change everything you want to change. No matter how important it may be, sometimes it’s better to do your own part and leave the coming generation to do theirs. Things we can’t change, if we persist, eventually change us.

11. What others think of you is none of your business.

What matters most in life is your belief in yourself. People will always talk about you, and if they don’t, then you are probably not worth much. Ignore whatever anyone has to say about you and hold firm what you know and what you believe.

12. Never test the depth of the river with both feet.

This is very important. Don’t put all your eggs into one basket; you may never recover from it. Spread out your risks in life. There is no way to succeed without taking risks, but its wiser and safer to take calculated risks.

13. Honesty is a very expensive gift. Do not expect it from cheap people.

This is one of Warren Buffet’s guiding principles. I have learned this lesson the hard way and my experiences are not very pretty. The sooner you learn this, the better. Do not expect too much from people–only a few men have that virtue called integrity.

Thursday, October 24, 2013

10 Steps To Building A Winning Trading Plan

There is an old saying in business: "Fail to plan and you plan to fail." It may sound glib, but those who are serious about being successful, including traders, should follow these eight words as if they were written in stone. Ask any trader who makes money on a consistent basis and they will tell you, "You have two choices: you can either methodically follow a written plan, or fail."

If you have a written trading or investment plan, congratulations! You are in the minority. While it is still no absolute guarantee of success, you have eliminated one major roadblock. If your plan uses flawed techniques or lacks preparation, your success won't come immediately, but at least you are in a position to chart and modify your course. By documenting the process, you learn what works and how to avoid repeating costly mistakes. 
Whether or not you have a plan now, here are some ideas to help with the process.

Disaster Avoidance 101Trading is a business, so you have to treat it as such if you want to succeed. Reading some books, buying a charting program, opening a brokerage account and starting to trade are not a business plan - it is a recipe for disaster. "If you don't follow a written trading plan, you court disaster every time you enter the market," says John Novak, an experienced trader and developer of the T-3 Fibs Protrader Program.

Once a trader knows where the market has the potential to pause or reverse, they must then determine which one it will be and act accordingly. A plan should be written in stone while you are trading, but subject to re-evaluation once the market has closed. It changes with market conditions and adjusts as the trader's skill level improves. Each trader should write their own plan, taking into account personal trading styles and goals. Using someone else's plan does not reflect your trading characteristics.

Building the Perfect Master Plan
What are the components of a good trading plan? Here are 10 essentials that every plan should include:

Skill Assessment
Are you ready to trade? Have you tested your system by paper trading it and do you have confidence that it works? Can you follow your signals without hesitation? Trading in the markets is a battle of give and take. The real pros are prepared and they take their profits from the rest of the crowd who, lacking a plan, give their money away through costly mistakes.

Mental Preparation
How do you feel? Did you get a good night's sleep? Do you feel up to the challenge ahead? If you are not emotionally and psychologically ready to do battle in the markets, it is better to take the day off - otherwise, you risk losing your shirt. This is guaranteed to happen if you are angry, hungover, preoccupied or otherwise distracted from the task at hand. Many traders have a market mantra they repeat before the day begins to get them ready. Create one that puts you in the trading zone.

Set Risk Level
How much of your portfolio should you risk on any one trade? It can range anywhere from around 1% to as much as 5% of your portfolio on a given trading day. That means if you lose that amount at any point in the day, you get out and stay out. This will depend on your trading style and risk tolerance. Better to keep powder dry to fight another day if things aren't going your way.

Set Goals
Before you enter a trade, set realistic profit targets and risk/reward ratios. What is the minimum risk/reward you will accept? Many traders will not take a trade unless the potential profit is at least three times greater than the risk. For example, if your stop loss is a dollar loss per share, your goal should be a $3 profit. Set weekly, monthly and annual profit goals in dollars or as a percentage of your portfolio, and re-assess them regularly. 

Do Your Homework
Before the market opens, what is going on around the world? Are overseas markets up or down? Areindex futures such as the S&P 500 or Nasdaq 100 exchange-traded funds up or down in pre-market? Index futures are a good way of gauging market mood before the market opens. What economic or earnings data is due out and when? Post a list on the wall in front of you and decide whether you want to trade ahead of an important economic report. For most traders, it is better to wait until the report is released than take unnecessary risk. Pros trade based on probabilities. They don't gamble.

Trade Preparation
Before the trading day, reboot your computer(s) to clear the resident memory (RAM). Whatever trading system and program you use, label major and minor support and resistance levels, set alerts for entry and exit signals and make sure all signals can be easily seen or detected with a clear visual or auditory signal. Your trading area should not offer distractions. Remember, this is a business, and distractions can be costly.

Set Exit Rules
Most traders make the mistake of concentrating 90% or more of their efforts in looking for buy signals, but pay very little attention to when and where to exit. Many traders cannot sell if they are down because they don't want to take a loss. Get over it or you will not make it as a trader. If your stop gets hit, it means you were wrong. Don't take it personally. Professional traders lose more trades than they win, but by managing money and limiting losses, they still end up making profits.

Before you enter a trade, you should know where your exits are. There are at least two for every trade. First, what is your stop loss if the trade goes against you? It must be written down. Mental stops don't count. Second, each trade should have a profit target. Once you get there, sell a portion of your position and you can move your stop loss on the rest of your position to break even if you wish. As discussed above, never risk more than a set percentage of your portfolio on any trade.

Set Entry Rules
This comes after the tips for exit rules for a reason: exits are far more important than entries. A typical entry rule could be worded like this: "If signal A fires and there is a minimum target at least three times as great as my stop loss and we are at support, then buy X contracts or shares here." Your system should be complicated enough to be effective, but simple enough to facilitate snap decisions. If you have 20 conditions that must be met and many are subjective, you will find it difficult if not impossible to actually make trades. Computers often make better traders than people, which may explain why nearly 50% of all trades that now occur on the New York Stock Exchange are computer-program generated. Computers don't have to think or feel good to make a trade. If conditions are met, they enter. When the trade goes the wrong way or hits a profit target, they exit. They don't get angry at the market or feel invincible after making a few good trades. Each decision is based on probabilities.

Keep Excellent Records
All good traders are also good record keepers. If they win a trade, they want to know exactly why and how. More importantly, they want to know the same when they lose, so they don't repeat unnecessary mistakes. Write down details such as targets, the entry and exit of each trade, the time, support and resistance levels, daily opening range, market open and close for the day and record comments about why you made the trade and lessons learned. Also, you should save your trading records so that you can go back and analyze the profit or loss for a particular system, draw-downs (which are amounts lost per trade using a trading system), average time per trade (which is necessary to calculate trade efficiency) and other important factors, and also compare them to a buy-and-hold strategy. Remember, this is a business and you are the accountant.

Perform a Post-Mortem
After each trading day, adding up the profit or loss is secondary to knowing the why and how. Write down your conclusions in your trading journal so that you can reference them again later.

The Bottom LineSuccessful paper trading does not guarantee that you will have success when you begin trading real money and emotions come into play. But successful paper trading does give the trader confidence that the system they are going to use actually works. Deciding on a system is less important than gaining enough skill so that you are able to make trades without second guessing or doubting the decision.

There is no way to guarantee that a trade will make money. The trader's chances are based on their skill and system of winning and losing. There is no such thing as winning without losing. Professional traders know before they enter a trade that the odds are in their favor or they wouldn't be there. By letting their profits ride and cutting losses short, a trader may lose some battles, but they will win the war. Most traders and investors do the opposite, which is why they never make money.

Traders who win consistently treat trading as a business. While it's not a guarantee that you will make money, having a plan is crucial if you want to become consistently successful and survive in the trading game. 

Wednesday, October 23, 2013

How To Build A Trading Plan ??

How do you go about building a trading plan?  What do you need to consider, and what type of trader should you be? The last question is a logical place to start – deciding the type of trader you want to be, and understanding why.
Type of Trader
When creating a trading plan, a trader must decide the style of trading they will adopt. There are typically four types of traders in the market:
- Scalper (very short term)
tend to stay within boundaries of 1 minutes to 15 minutes time frame
-    Intraday Trader (short term)
tend to range from 5 minutes to 1 hour time frame
-    Swing Trader  (medium term)
will consider analysis done from 1 hour and above
-    Position Trader (long term)
will consider analysis done from 1 hour and above
As you can see, the time frame when analysing the market helps determine the type of trader you are, and as such the type of plan you need. It is generally accepted that the shorter the timeframe, the lower the risk/gain per trade. With more market noise, a higher level of discipline is needed.  
Trader type will dictate risk tolerance, as shorter-term traders tend to prefer lower risk as part of their plan to compensate for the frequency of trades initiated during the day. Swing and position traders normally have a position with wider stops and targets to compensate for the lack of entries they get from their analysis.
It is tempting to try and make a value judgment about different trader types – but the truth of the matter is that there really isn’t a better or a worse type of trader.  Each has its own strengths and weaknesses, and matches different individuals. 
There is a misconception that one can choose to be a particular type of trader - but this is a myth. A trader naturally develops a preference due to personal circumstances (e.g. only able to trade morning/ night for a few hours), their purpose for trading (e.g. hedging, extra income stream) and their preference for trading over a certain time frame and how the market reacts to it.
Type of Analysis
The other key element when building your trading plan is understanding, and then choosing, the way in which the analysis is done. As we talked about last week, there are two types ofanalysis - fundamental and technical. Each of these in turn has its own sub-classes. The two sub-classes under technical analysisare price-based analysis and indicator-based analysis.
Price-Based Analysis
Price analysis mainly relies on predicting the correct support and resistance that is likely seen and considered to be important by other traders worldwide. The logic behind technical analysis as a self fulfilling prophecy probably comes from price analysis.  Traders who use analysis that is based on price tend to believe that the market has priced both sentiments and fundamental information into price. There is no lag involved but, at the same time, market noises are not filtered out.
The following studies fall under the category of price analysis:
-    Chart Patterns
-    Candlestick Patterns
-    Fibonacci Levels
-    Gann Analysis
-    Elliot Wave Theory
-    Ichimoku Kinko Hyo
-    Harmonic Patterns
-    Pivots
Price-Based Analysis – Pros
Price analysis is simplistic, which is a good thing in technical analysis. It is also easier to determine where price is in relation to the underlying trend. One of the main advantages in price analysis is the precise levels to work with; for example, Fibonacci Ratios provide future price levels where the market is likely to find support/ resistance; trendlines can provide a range for the market to help place an entry or exit order.  Price based analysis is normally suited to swing traders and position traders; it's set and forget type of trading.
Price-Based Analysis – Cons
The downside to price analysis is the lack of entry into the market. Often, at times when the market starts trending, traders will have to wait for a correction to happen before obtaining an entry. Depending on the type of strategy used, price analysis entries are mostly not optimal with a higher risk compared to indicator based analysis.
While the concept is simple, it's actually harder and takes longer to become proficient in understanding price movements. Every tradable instrument has its own set of characteristics, meaning it's not as simple as applying the strategy systematically across the range of instruments.
Indicator-Based Analysis
Beginner traders are commonly introduced to indicator-based analysis first.  There's a great deal of reference material online and in publications about trading indicators.
Here is the list of some commonly used indicators in technical analysis:
-    Moving Average
-    Bollinger Bands
-    MACD
-    RSI
-    CCI
-    STOCHASTICS
-    Williams %R
These indicators serve as a way to measure momentum and volatility in the market and some, such as moving averages, are used to provide entry/exit signals as well as support and resistance in the market.
Indicator-Based Analysis - Pros
Advantages to using indicator-based analysis include the ability to filter out market noise, earlier entries compared to price analysis, and a lot of opportunities on a more constricted time frame.  For these reasons, indicator-based analysis is often suited to intraday traders.
Indicator-Based Analysis - Cons
On the other hand, the ability to pinpoint an exit level is compromised - because such exact judgment requires constant monitoring for changes in the indicator. 
The lagging nature of these indicators has the advantage of filtering out market noise but at the same time it could mean you end up experiencing a delay in detecting market changes; this, in turn, may delay your ability to act and react to market changes.
Understanding You
The final piece of the puzzle, and one that is often neglected purely because it seems a “soft skill” so to speak, is analysing your own trading style and knowing yourself.  Analysing your own trading style and preferences is crucial in building a successful trading plan.  You should never force yourself to adapt to a strategy that makes you feel uncomfortable – and if you are uncomfortable with a strategy, it's probably not suited to yourtrading style and your personality.
Many people may think that they know their trading style; however, if you want to make sure that you truly understand your style, try experimenting with different trading types.  If you get the opportunity, try both forms of analysis before deciding on specialising in one. Most successful traders look at both price based and indicator based analysis as a whole, becoming a hybrid in terms of analysing the market. Not an easy task but it's possible.
Beginner traders are better off sticking to one type of analysis until they are proficient and have enough experience before experimenting with others. I will be providing a Trading Journal Check list in the coming weeks.

Tuesday, October 22, 2013

The Gentle Art of Saying No

It’s a simple fact that you can never be productive if you take on too many commitments — you simply spread yourself too thin and will not be able to get anything done, at least not well or on time.

But requests for your time are coming in all the time — through phone, email, IM or in person. To stay productive, and minimize stress, you have to learn the Gentle Art of Saying No — an art that many people have problems with.

What’s so hard about saying no? Well, to start with, it can hurt, anger or disappoint the person you’re saying “no” to, and that’s not usually a fun task. Second, if you hope to work with that person in the future, you’ll want to continue to have a good relationship with that person, and saying “no” in the wrong way can jeopardize that.

But it doesn’t have to be difficult or hard on your relationship. Here are the Top 10 tips for learning the Gentle Art of Saying No:
  1. Value your time. Know your commitments, and how valuable your precious time is. Then, when someone asks you to dedicate some of your time to a new commitment, you’ll know that you simply cannot do it. And tell them that: “I just can’t right now … my plate is overloaded as it is.”
  2. Know your priorities. Even if you do have some extra time (which for many of us is rare), is this new commitment really the way you want to spend that time? For myself, I know that more commitments means less time with my wife and kids, who are more important to me than anything.
  3. Practice saying no. Practice makes perfect. Saying “no” as often as you can is a great way to get better at it and more comfortable with saying the word. And sometimes, repeating the word is the only way to get a message through to extremely persistent people. When they keep insisting, just keep saying no. Eventually, they’ll get the message.
  4. Don’t apologize. A common way to start out is “I’m sorry but …” as people think that it sounds more polite. While politeness is important, apologizing just makes it sound weaker. You need to be firm, and unapologetic about guarding your time.
  5. Stop being nice. Again, it’s important to be polite, but being nice by saying yes all the time only hurts you. When you make it easy for people to grab your time (or money), they will continue to do it. But if you erect a wall, they will look for easier targets. Show them that your time is well guarded by being firm and turning down as many requests (that are not on your top priority list) as possible.
  6. Say no to your boss. Sometimes we feel that we have to say yes to our boss — they’re our boss, right? And if we say “no” then we look like we can’t handle the work — at least, that’s the common reasoning. But in fact, it’s the opposite — explain to your boss that by taking on too many commitments, you are weakening your productivity and jeopardizing your existing commitments. If your boss insists that you take on the project, go over your project or task list and ask him/her to re-prioritize, explaining that there’s only so much you can take on at one time.
  7. Pre-empting. It’s often much easier to pre-empt requests than to say “no” to them after the request has been made. If you know that requests are likely to be made, perhaps in a meeting, just say to everyone as soon as you come into the meeting, “Look guys, just to let you know, my week is booked full with some urgent projects and I won’t be able to take on any new requests.”
  8. Get back to you. Instead of providing an answer then and there, it’s often better to tell the person you’ll give their request some thought and get back to them. This will allow you to give it some consideration, and check your commitments and priorities. Then, if you can’t take on the request, simply tell them: “After giving this some thought, and checking my commitments, I won’t be able to accommodate the request at this time.” At least you gave it some consideration.
  9. Maybe later. If this is an option that you’d like to keep open, instead of just shutting the door on the person, it’s often better to just say, “This sounds like an interesting opportunity, but I just don’t have the time at the moment. Perhaps you could check back with me in [give a time frame].” Next time, when they check back with you, you might have some free time on your hands.
  10. It’s not you, it’s me. This classic dating rejection can work in other situations. Don’t be insincere about it, though. Often the person or project is a good one, but it’s just not right for you, at least not at this time. Simply say so — you can compliment the idea, the project, the person, the organization … but say that it’s not the right fit, or it’s not what you’re looking for at this time. Only say this if it’s true — people can sense insincerity.

Friday, October 18, 2013

10 Reasons Why Following Your Passion Is More Important Than Money

1. Working for money may seem like good enough motivation for one to keep at their career.

Every morning Monday through Friday you go to work 9 to 5 sitting their punching away the hours stressing about the work at hand. This is not a way to enjoy your life. Working for 8 hours a day 5 times a week at something that makes you miserable is not the way you live life to the fullest.

Many people who choose careers that don’t make them happy will tell you that they would all do it differently if they had the chance. You only have one life, so don’t waste it working somewhere you hate just because of the money.

2. You’re more passionate about the work you are doing.

There is nothing worse than having to wake up every morning during the week to mindlessly go do work you don’t even care about. However, this is never really an issue when you are passionate about the work you do. If you are not forced to work somewhere because of monetary constraint, you truly enjoy what you do and you never really work a day in your life.

3. You can relate more to the work and come up with better ideas.

Being forced to do work is one of the most draining experiences. While there are times at every job where you may feel the work may be draining and dull, you have to realize that not every day is going to be an enjoyable one. There are highs and lows, but when you are passionate about the work you you look past the dull days. Your creative process is also different. You are more inclined to come up with creative ideas when you like what you do.

4. Work doesn’t feel like it’s forced upon you.

When you value money over your overall health and your passion, you will find yourself in an endless cycle of misery. Work no longer becomes a career or a journey, but more of a  taxing nuisance on your mind and body that has to get done.

Every day that you go to work with this mindset you begin to hate your job more and more. While many people feel that they must work hard to retire and have money to enjoy themselves, what’s the point of enjoying yourself in your later years when you spent your life being miserable?

5. No matter how much money you make, nothing will help you overcome the feeling of doing something you hate.

Many accountants come into corporate America, put in reckless hours during the week and make a great paycheck on pay day. Many of them have all this money piled up, but they never really get to enjoy the fruits of their labor because their labor takes up most of their lives.

Many of them hate their jobs because they aren’t really passionate about what they do. Is there a worse feeling than doing something you hate? Eventually this hatred will cause stress and in the long run, it will have lasting effects on your health.

6. You are more inclined to work later hours.

When you work somewhere that you are passionate about, putting in later hours isn’t as much of a burden as it is when you don’t like what you are doing. To you, putting in the extra hours doesn’t hurt as much because you don’t feel like you are forced to do it, which makes the experience that much more enjoyable.

Every industry has a busy season and without a doubt there will come a time when you will need to put in the extra hours. Will it be easier for you to work longer on something you can relate to or something you can’t stand doing?

7.You are willing to go above and beyond the call of duty.

Certain obligations at your work will require you to go above and beyond the call of duty. In certain times during the busy seasons, you may be asked to do certain tasks that are not part of your everyday schedule. It is much easier for you to put in the extra work if it’s something you actually care about. Because you are passionate about your job, you will be willing to put in the extra effort to go beyond what is required of you.

8. No obstacle will stop you from achieving success.

When you really enjoy what you do, nothing will stop you from getting your work done. Because you are passionate about what you do, you feel unstoppable and nothing can obstruct you from achieving greatness. Your passion ignites your work, and like a rocket, it accelerates you past road blocks that may come about. Any obstacle that comes your way is accepted and fought off with a creative solution.

9. Our working careers will consume most of our lives, so we might as well do something we enjoy.

You will spend a majority of your life working and there is no other way around this fact unless you are born into a wealthy family or marry rich. For the rest of us who weren’t fortunate enough, we will be spending a good portion of our lives working in order to make ends meet.

There is no way around this, so we might as well accept the cards we are dealt. Many people go about this the wrong way because they feel like work is something they have to do rather then something they can enjoy. Once you realize that your career should be something you enjoy, then you will lead a more happy and fulfilling life.

10. You will get more fulfillment when you finally make it.

There are few feelings better than achieving a level of success you set out for yourself. Nothing like crossing off your bucket list of goals you set out for yourself to achieve. When you finally reach the pinnacle, it is that much more enjoyable knowing you got there doing something you love. Remember work doesn’t have to be something that you hate doing, stay true to yourself and always do what makes you happy.

Wednesday, October 16, 2013

12 Timeless Life Lessons Learned from the Dalai Lama

What greater tragedy could there be than to spend your whole life unhappy, fearful and/or in conflict with other human beings? Surely it is far better to use your time here on earth living a meaningful life that not only enriches your own life, but also the lives of others. His Holiness the 14th Dalai Lama – spiritual leader of the Tibetan people and head monk of the Gelugpa lineage of Tibetan Buddhism – says: “Our prime purpose in this life is to help others. And if you can’t help them, at least don’t hurt them.”

A Nobel Peace Prize winner, the current Dalai Lama has spent his life teaching truths that help people reach greater happiness and enlightenment. He advocates for a life of compassion and service. Here are some of his most powerful life lessons that will benefit us if we internalize and put them into practice.

1.    We are all the same—members of the same human family

No matter what your status in life may be, you are still part of the same human family. We are all one. We should not be guided by notions of “them” vs. “us”, but instead think of our world much more in terms of a great “US.”

In the Dalai Lama’s own words from Kindness, Clarity, and Insight:

“Human beings by nature want happiness and do not want suffering. With that feeling everyone tries to achieve happiness and tries to get rid of suffering, and everyone has the basic right to do this. In this way, all here are the same, whether rich or poor, educated or uneducated, Easterner or Westerner, believer or non-believer, and within believers whether Buddhist, Christian, Jewish, Muslim, and so on.  Basically, from the viewpoint of real human value we are all the same.”

2.    If there is love, there is hope for families

Families today are plagued with strife, tensions and breakups, but the hope for families is love. If there is love in our homes, there is hope.

In the Dalai Lama’s own words from The Path to Tranquility: Daily Meditations:

“If there is love, there is hope to have real families, real brotherhood, real equanimity, and real peace. If the love within your mind is lost, if you continue to see other beings as enemies, then no matter how much knowledge or education you have, no matter how much material progress is made, only suffering and confusion will ensue.”

3.   Good wishes alone are not sufficient; you must be actively engaged

Things won’t just work themselves out: you must work to bring about the change you desire in your life and in the lives of others. Roll up your sleeves and be actively engaged.

In the Dalai Lama’s own words from The Path to Tranquility: Daily Meditations:

“In the present circumstances, no one can afford to assume that someone else will solve their problems. Every individual has a responsibility to help guide our global family in the right direction. Good wishes are not sufficient; we must become actively engaged.”

4.    Before you generate love, you must first know what love is

You cannot offer what you don’t have or excite true love except by love. You must understand what love is and embrace it fully with all its costs. This way you will be able to generate true, sincere love and compassion.

In the Dalai Lama’s own words from The Compassionate Life:

“Before we can generate compassion and love, it is important to have a clear understanding of what we understand compassion and love to be. In simple terms, compassion and love can be defined as positive thoughts and feelings that give rise to such essential things in life as hope, courage, determination, and inner strength. In the Buddhist tradition, compassion and love are seen as two aspects of the same thing: Compassion is the wish for another being to be free from suffering; love is wanting them to have happiness.”

5.    Self-confidence is vital to making a better world

Self-confidence built on an awareness of your own potential is vital to making yourself and others better.

In the Dalai Lama’s own words from The Dalai Lama’s Book of Wisdom:

“With the realization of one’s own potential and self-confidence in one’s ability, one can build a better world. According to my own experience, self-confidence is very important. That sort of confidence is not a blind one; it is an awareness of one’s own potential. On that basis, human beings can transform themselves by increasing the good qualities and reducing the negative qualities.”

6.    Self-discipline is your best defense against negative emotions

Negative emotions like anger, bitterness, hate, and jealousy bring about disasters of epic proportions in modern life. We can combat and diffuse negative emotions by exercising self-discipline: self-discipline is your fortress.


“Self-discipline, although difficult, and not always easy while combating negative emotions, should be a defensive measure. At least we will be able to prevent the advent of negative conduct dominated by negative emotion. That is ‘shila‘, or moral ethics. Once we develop this by familiarizing ourselves with it, along with mindfulness and conscientiousness, eventually that pattern and way of life will become a part of our own life.”

7.    Success does not come merely by luck

Successful people are not successful merely by luck. There is a cause for success. Hard work breeds success. You must not just sit and wait for luck to smile at you. We merit success by working for it.

In the Dalai Lama’s own words from Answers: Discussions with Western Buddhists:

“It is our custom to say that someone is “lucky” or “unlucky” if they meet with fortunate or unfortunate circumstances, respectively. It is however, too simplistic to think in terms of random “luck.” Even from a scientific point of view, this is not a sufficient explanation. Should something unfortunate happen, we immediately think, “Oh, how unlucky!” And yet this is not sufficient to explain what happened – there must be a cause. We seem to call “luck” that factor which overrides external conditions to bring about a positive situation. But that too is a cause; it is an inner cause, which we call “merit.”

8.    No action is meaningless in a community

Society exists as a collection of individuals. Every effort is important; every individual action significant. No action is meaningless. You must take initiative and be responsible for your actions to move communities forward.

In the Dalai Lama’s own words from The Dalai Lama’s Book of Love and Compassion:

“Sometimes we feel that one individual’s action is very insignificant. Then we think, of course, that effects should come from channeling or from a unifying movement. But the movement of the society, community, or group of people means joining individuals. Society means a collection of individuals, so that initiative must come from individuals. Unless each individual develops a sense of responsibility, the whole community cannot move. So therefore, it is very essential that we should not feel that individual effort is meaningless- you should not feel that way. We should make an effort.”

9.   Tomorrow’s events depend very much on today’s actions

What we do today has a direct impact on our tomorrow. So, learn from yesterday, do your best today, and reap the fruits tomorrow.  


“According to Buddhism, there is a commensurate relationship between cause and effect where pain and pleasure are concerned. The immediate cause is karma. Karma means action. Tomorrow’s events depend very much on today’s actions, this year’s events on last year’s, while this century’s events are linked with those of the previous centuries. The actions of previous generations affect the lives of the generations that follow. This is also a kin of karma. However, there is a difference between actions carried out by a group of people or sentient beings jointly, and actions carried out by single person. In individual cases, the actions of the earlier part of one’s life have an effect on the latter part of one’s life.”

10.   Calmness of mind is a supreme source of mental happiness

Calmness of mind brings mental tranquility and happiness even in difficult and trying times. Have a calm mind and nothing will shake you.

In the Dalai Lama’s own words from The Dalai Lama’s Book of Wisdom:

“We often speak of the external enemy. For example, in my own case, our Chinese brothers and sisters are destroying Tibetan rights and, in that way, more suffering and anxiety develops. But no matter how forceful this is, it cannot destroy the supreme source of my happiness, which is my calmness of mind. This is something an external enemy cannot destroy. Our country can be invaded, our possessions can be destroyed, our friends can be killed, but these are secondary for our mental happiness. The ultimate source of my mental happiness is my peace of mind. Nothing can destroy this except my own anger.”

11.   True tranquility springs from fewer personal requirements

True tranquility calls for fewer personal requirements and higher involvement in community.

In the Dalai Lama’s own words from The Path to Tranquility: Daily Meditations:

“As far as your personal requirements are concerned, the ideal is to have fewer involvements, fewer obligations, and fewer affairs, business or whatever. However, so far as the interest of the larger  community is concerned, you must have as many involvements as possible and as many activities as possible.”

12.   Our own survival is tied to the survival of the natural environment

No matter how much we try to disengage from our natural environment, our own survival as a species is tied to the survival of the natural environment.

In the Dalai Lama’s own words from The Dalai Lama, A Policy of Kindness:

“Just as we should cultivate more gentle and peaceful relations with our fellow human beings, we should also extend that same kind of attitude towards the natural environment. Morally speaking, we should be concerned for our whole environment. This, however, is not just a question of morality or ethics, but also a question of our own survival. For this generation and for future generations, the environment is very important.

If we exploit the environment in extreme ways, we may receive some benefit today, but in the long run, we will suffer, as will our future generations. When the environment changes, the climatic condition also changes. When the climate changes dramatically, the economy and many other things change. Our physical health will be greatly affected. Again, conservation is not merely a question of morality, but a question of our own survival.”