Lesson 1: Definiteness of Purpose Definiteness of purpose is the starting point of all achievement. Without a purpose and a plan, people drift aimlessly through life.

Lesson 2: Mastermind Alliance The Mastermind principle consists of an alliance of two or more minds working in perfect harmony for the attainment of a common definite objective. Success does not come without the cooperation of others.

Lesson 3: Applied Faith Faith is a state of mind through which your aims, desires, plans and purposes may be translated into their physical or financial equivalent.

Lesson 4: Going the Extra Mile Going the extra mile is the action of rendering more and better service than that for which you are presently paid. When you go the extra mile, the Law of Compensation comes into play.

Lesson 5: Pleasing Personality Personality is the sum total of one’s mental, spiritual and physical traits and habits that distinguish one from all others. It is the factor that determines whether one is liked or disliked by others.

Lesson 6: Personal Initiative Personal initiative is the power that inspires the completion of that which one begins. It is the power that starts all action. No person is free until he learns to do his own thinking and gains the courage to act on his own.

Lesson 7: Positive Mental Attitude Positive mental attitude is the right mental attitude in all circumstances. Success attracts more success while failure attracts more failure.

Lesson 8: Enthusiasm Enthusiasm is faith in action. It is the intense emotion known as burning desire. It comes from within, although it radiates outwardly in the expression of one’s voice and countenance.

Lesson 9: Self-Discipline Self-discipline begins with the mastery of thought. If you do not control your thoughts, you cannot control your needs. Self-discipline calls for a balancing of the emotions of your heart with the reasoning faculty of your head.

Lesson 10: Accurate Thinking The power of thought is the most dangerous or the most beneficial power available to man, depending on how it is used.

Lesson 11: Controlled Attention Controlled attention leads to mastery in any type of human endeavor, because it enables one to focus the powers of his mind upon the attainment of a definite objective and to keep it so directed at will.

Lesson 12: Teamwork Teamwork is harmonious cooperation that is willing, voluntary and free. Whenever the spirit of teamwork is the dominating influence in business or industry, success is inevitable. Harmonious cooperation is a priceless asset that you can acquire in proportion to your giving.

Lesson 13: Adversity & Defeat Individual success usually is in exact proportion of the scope of the defeat the individual has experienced and mastered. Many so-called failures represent only a temporary defeat that may prove to be a blessing in disguise.

Lesson 14: Creative Vision Creative vision is developed by the free and fearless use of one’s imagination. It is not a miraculous quality with which one is gifted or is not gifted at birth.

Lesson 15: Health Sound health begins with a sound health consciousness, just as financial success begins with a prosperity consciousness.

Lesson 16: Budgeting Time & Money Time and money are precious resources, and few people striving for success ever believe they possess either one in excess.

Lesson 17: Habits Developing and establishing positive habits leads to peace of mind, health and financial security. You are where you are because of your established habits and thoughts and deeds.

Read Rich Man, Poor Man the story of Napoleon Hill or the Lessons on Success Gift Book


While scientists have known that there’s a connection between the body and the mind since at least the 17th century, the closest explanation as to why can be summed up by the theory that “neurons that fire together, wire together.” Take the case of happiness and smiling. “When the brain learns, it does so by associating two or more features of the experience,” says social psychologist Dana R. Carney, Ph.D., assistant professor at the Haas School of Business at University of California, Berkeley. “When you smile, you tend to feel good. Neurons associated with the ‘smile muscle’ fire, and that is happening at the exact same time that the neurons allowing you to feel happy feelings are firing. Thus, smiling and happiness become cognitively associated.”

What’s fascinating is that the association goes both ways. According to Dr. Carney, “Neurons are ‘dumb’ in a sense. They only know that they tend to fire together so when you are happy, you tend to smile. But the neurons don’t necessarily know which came first. So when you smile, you also feel happier.”

Researchers have discovered that embodied cognition affects not only people’s emotions but also their ability to judge certain situations. For example, in one study, people unconsciously considered another person as having a “warm” or “cold” personality depending on whether they had just held a cup of hot or iced coffee.

Another study found that people who held heavy clipboards gave more “weight” or importance to judgments they were asked to make than those holding light clipboards.

Ways to ‘Trick’ Your Brain

Given how embodied cognition works, you can incorporate it in your life with a “fake it till you make it” approach. Carney offers these strategies:

To improve your mood: Smile, laugh, nod “yes” and keep your body posture erect and open. Wear, do, watch and listen to things that have positive mental associations for you, such as sporting your favorite bright orange top or playing with your dog. Or focus on things that activate positive memories of people or places you like, such as sniffing a certain perfume, listening to a song that reminds you of your favorite vacation or looking at your honeymoon photos.

To sharpen your concentration: Give yourself some room to move and don’t restrict your limbs in tight, uncomfortable clothing. “Research shows that people need to move, wiggle, fidget and gesture, and restricting these motions can impede concentration,” notes Carney.

To boost your self-confidence: Carney’s advice is based on her own research: “Keep your body posture both open and expansive,” she suggests. “This will increase the dominance hormone testosterone and will decrease the stress hormone cortisol—it will also improve conscious feelings of powerfulness.”08-23[1]


Here I’m support education

Posted: April 17, 2013 in For you ...

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What do you think?

Do you agree or disagree ?


Retail is dead!

At least, that’s how Marc Andreessen sees it. The entrepreneur and tech investor was recently quoted saying that all physical retail stores will die, succumbing eventually to the vast sea of online competition. According to Andreessen, there will be one way to shop for everything and that way will be e-commerce. It’s also fair to say, given that Andreessen co-founded Netscape and is invested in a number of online properties, that he might be just a little predisposed to this extreme position. Nonetheless, his opinion caused some unrest in the retail community and should be taken seriously.

On the other hand…

I have been a vocal proponent of a somewhat different future; one that includes both virtual and physical stores. You see, if I believed that humans shopped for no other reason than to acquire goods, I might be more aligned with Andreessen’s view but in fact, we don’t shop just to get stuff – any more than we go to restaurants purely for nutrition. In fact, we often shop to fulfill other deeper needs as well – the need to disconnect, to socialize and to commune – and at times to simply be out in public. Why else would celebrities brave the hoards of paparazzi to shop for things they could undoubtedly have delivered to them on a silver platter? The physical, human experience of shopping is in some ways of far greater value than the goods that come along for the ride. So, while shopping is a means of acquiring the things we want and need, it’s also a meaningful social activity that appeals to our deepest, human tendency to gather in tribes.

That said, I’m convinced that between the futures that Andreessen and I describe, lies the truth. But one thing is quite certain; that retail stores will be much different in the years to come than they are today.


08-46[1]The mutual fund business will never be the same
By Chuck Jaffe, MarketWatch

BOSTON (MarketWatch) — When the biggest names in financial services fight over how to promote the next big investment trend, the clear winner is the consumer.

That’s not usually how it works for investors, but this week’s announcement of a new working arrangement between mutual-fund giant Fidelity Investments and exchange-traded fund leader BlackRock Inc. — on the heels of the introduction of Schwab’s OneSource platform for ETFs — are clear signs that this battle will have numerous cost and accessibility benefits for the investing public. Read more: With BlackRock deal, Fidelity bets on ETFs.

ETFs are essentially index mutual funds that trade like stocks. While the ETF industry holds a fraction of the assets in traditional mutual funds, ETFs’ popularity is growing rapidly and are clearly seen as the product of the future for the average investor.

Moreover, ETFs typically have lower costs, are more tax-efficient and unlike traditional funds can be bought and sold throughout the trading day.

The one area where ETFs have lagged in this battle — not inconsequentially — is on trading fees, where even a discounted commission can add up when an investor wants to make regular, small purchases.

On the attack
But now the biggest providers are making ETFs even more attractive. This is war, so pay attention to how you can be the winner.

The action started last fall when BlackRock (NYSE:BLK) cut costs on its iShares line, a shot at the Vanguard Group, which had long been acknowledged as the industry’s low-cost leader.

In response, Charles Schwab Corp. (NYSE:SCHW) dropped fees on its ETFs to make them the lowest-cost entries in their categories; for example, the expense ratio on Schwab U.S. Large Cap (NAR:SCHX) was halved to 0.04%, which — like most of the issues that saw costs trimmed — was 0.01 points better than Vanguard’s entries in similar spaces.

Vanguard countered with new benchmarks for nearly two dozen index funds, cutting costs and suggesting its methodology was better.

This year the conflict has escalated. In February, Schwab unveiled its ETF OneSource platform, which allows customers to buy and sell more than 100 ETFs with no online trade commissions.

While Schwab and other firms had offered limited free ETF trades up to this point, Schwab’s move represented a significant expansion. More important, while the program was started with 105 funds, it holds the promise of drawing more ETF providers into the fold and making ETF sales charges largely a thing of the past. Read more: The pros and cons of Schwab’s ETF OneSource.

Now comes the Fidelity-BlackRock deal, which marries the leader in passive ETF construction with the leading active manager of traditional mutual funds. Read more: Could BlackRock and Fidelity alliance go deeper?

Officials at both companies say the timing was coincidental — done now because a prior three-year arrangement was set to expire — but the impact is undeniable: Fidelity has brought a gun to a knife fight.

Focus on Funds: The ETF price war
Brendan Conway explains that Fidelity has doubled the number of no-commission ETFs it offers, and Schwab has cut fees.

While the Fidelity-BlackRock arrangement makes just 65 of BlackRock’s iShares funds available without transaction fees, the funds on the list hold more than 18% of all ETF assets, and represent heavily traded, highly sought-after products.

Where Schwab’s ETF OneSource portends the movement of many fund firms onto a fee-free platform, the rival deal signals something much more important: Fidelity making a splash in the ETF space. Fidelity has been late to the ETF game; now its connection with industry-leading iShares allows it to bring new issues to market.

“Late entrants to the ETF business — with the exception of Schwab — have not done really well, because they don’t have the distribution,” said Timothy Strauts, an ETF analyst for investment researcher Morningstar Inc. “Fidelity has the distribution through its brokerage, but with iShares they can focus on bringing out new products and starting out from a position of strength. It’s a very powerful combination that should, over time, deliver good and interesting new products.”

Saving private retirement
What’s more, combining the power of the two leaders is likely to make ETFs more readily available — most notably in retirement plans.

Currently, an investor who wants to use ETFs in, say, a 401(k) plan, can only do that if his employer has a self-directed brokerage option. Fidelity, of course, is the largest provider of retirement plans, and the BlackRock deal gives it new and additional incentives to make self-directed brokerage options available.

Industry watchers say the push of ETFs into a more prominent role in retirement plans is now inevitable, as is the continued ascent of this form of mutual fund.

“We’re still in the early stages of the ETF game, and the money has been coming out of the traditional funds and going into ETFs,” said Tom Lydon, editor of ETF Trends. The ETF Wars, he added, make it easier and cheaper to buy ETFs.

“By itself, that doesn’t change the game,“ Lydon said, “but the real decision-maker for people is going to be ‘Are my traditional mutual funds performing?’ If they’re not, that’s when people are going to take another look at ETFs, and when they see that they can save some money and perhaps improve performance — or at least not hurt it — and when they see that what they have been doing just doesn’t feel so good, that is when they will make the move to ETFs.”

What should investors do? Look for the best options for your portfolio, and act on it.

Fund sponsors and brokerage firms are doing their best to make ETFs more attractive, said industry consultant Geoff Bobroff. He added: “If they are taking less out of our pockets — leaving us with more — while they fight with each other, we ought to sit back and enjoy this.”

VOTE here

Posted: March 21, 2013 in Interesting Facts