Archive for the ‘Uncategorized’ Category

Money: Save 10% of your income

March 18, 2009

Money is important, but if all your money goes out the door and there is none left for the future…your job is just treading water. To get ahead, you need to make changes. 

Save 10% of your income

I first read this suggestion in “The Richest Man in Babylon” years ago, but I didn’t take action. 10% seemed such a small amount at the time that I just didn’t do it as it didn’t seem worthwhile. I didn’t set aside a separate account, but said to myself

“I’ll just put some money away when I have some left over at the end of the month”. Of course, that never happened!

Finally, I started a separate account called “Cash” and started putting 10% of my income into it AS SOON AS the money appeared in my account rather than at the end of the month. It was pretty pathetic at first but I had at least started. Now that account has a tidy sum in it and I like watching it grow in small increments each month.


If you saved $20 per week for five years in a savings account with an interest rate of 6% paid monthly, after five years you will have $6,214.33 in this account. If you managed to put $100 away per week, you would have

$31, 071.66 in five years time.
Imagine if you had done that five years ago!


This account is not a savings account in that you intend to spend it eventually. It is a lifetime account, one you leave there as the basis to your personal wealth. It should only be used for growing your assets and investing. It is important to do this and recommended by so many wealth coaches for the following reasons.

1)       Discipline with money – You have committed to save, you have taken action and you are mastering this amount of money. As it grows you will have the discipline to carry on saving, and you won’t spend it. This proves to yourself that you can control money. It doesn’t control you. You are a saver, not a spender. This is important for your mindset about money.

2)       Attraction for more money – This initially tiny but growing amount becomes like a gravitational field and attracts more money. Interest compounding on the account over the years makes the growth accelerate. Compound interest is when interest is paid into the account, which in turn grows the principal, and in turn generates more interest.  

3)       Basis for further investment – As the amount grows you can use some of it for further investment; not spending, but investment to grow your wealth.

4)       A safety net – Although this account is not meant to be touched, it is a safety net in case of emergency. It is there if you lose your job, or you need some expensive surgery, or you are in an accident, or a loved one needs an operation they can’t afford.  Life will throw curve balls at you! Having some money in an account you won’t touch is important in case you do really need it someday.

Take action now and open an account for your 10% money.

Think of it as your discipline, your safety net, your dreams, and your money confidence and watch it grow.

Don’t spend it on something you think you really want, as chances are you will want something else in six month’s time. It is not for spending. It is for your future. If you have the discipline to do this, you will also see a change in your attitude towards money quite quickly. 

What is 10% of your income now? Will you commit to putting that into a lifetime account? How much will you have in this account after five years? 


“How to Enjoy Your Job” available in India

February 6, 2009

I have many Indian colleagues and from next week, I will work for an Indian company. India is increasingly important in the global economy, and has a huge number of office workers. I have many subscribers to my free eworkbook from India … and now….

How to enjoy your jobHow to Enjoy Your Job” is now available in India – You can buy it here for 231 rupees plus postage is an Indian publisher who will print your book and ship it directly to you. 

I have also written an open letter to Indian friends here – with photos of my own trip to India. 

Click here to BUY THE BOOK NOW – ONLY 231 rupees plus postage.

Meetings: Necessary…or a waste of time?

January 21, 2009

A friend of mine just started an office job after working in a different industry and noted how many meetings he was suddenly involved in. Many of the meetings did not have an agenda, and there were not clear actions afterwards. He felt that sometimes the communication could have been done by email. Are all your meetings necessary? or are some a waste of time? 

A recent NY Times article notes that many meetings are not productive (even when they are discussing workplace productivity!). Here are some tips from the article to make your meetings more successful. 

  • Have an agenda and set clear objectives for the meeting. What do you need to achieve in this timeframe? 
  • Think about opportunity costs for the meeting. How many people do you really need? Do you need all those senior managers? 

Here are some more tips: 

  • Have stand-up meetings as they don’t go on for so long 
  • Minute action points and follow up – ensure there is a lasting benefit from the meeting
  • Know the difference between a meeting and a workshop, and when just an email communication will suffice

How effective are your meetings?

Dream job: Caretaker on Barrier Reef Island – Featured book “How to enjoy your job”

January 14, 2009

There is currently an opening for someone to spend 6 months looking after Hamilton Island, on the Barrier Reef of Australia. This global search has sparked worldwide interest – but only one person can get it. 

Reading book on TVIf you don’t get that, there are ways you can improve your job right now. My book, “How to Enjoy Your Job”, was featured on “A Current Affair”, an Australian news program on the segment discussing dream jobs. 


You can watch the video here for tips!

Social networking: Using Facebook as a workplace tool

January 11, 2009

One company grabbing the social networking trend is Serena Software, who have introduced Facebook Fridays for their staff. On Fridays, staff can spend an hour updating their sites and contacting friends and co-workers, using the site as a de-facto intranet and watercooler. Building stronger relationships within the workplace and also encouraging social interaction with potential clients and employees is obviously important, and social networks like Facebook are the way people are now doing it. You can now use social networking to get a job, as well as check on potential employees’ social lives. Recruitment is also moving online with LinkedIn becoming the professional choice. 

Contact me on Facebook 

Contact me on LinkedIn

“How to Enjoy Your Job” Book Trailer

November 21, 2008

This book trailer gives you a brief taste of what the book is all about. Change your job – change your life!