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Thursday, December 03, 2009





It's December and that means in less than 30 days the year will soon be over and it will be a start of a new year. For me these times are usually the best time to reflect and look back at how I performed for the last 335 days of my life. I look back and tried to write down as many positive principles as I can remember that I applied for this year 2009. I came up with almost 50. For this post, I would share to you what I believe is the top 10 principles that made a positive impact for this year.

1. Save 10% of your income.

Maybe one of the easiest goal to measure is one that involves money. Money can be counted and when something can be counted you can easily determine whether you made it or not. I started this year with a goal to save 20% of my income and I followed suit but by the last quarter I got largely in debt (for wrong reasons) and I ended up saving only 10%. But even with 10% savings I was still amazed on how much I was able to save by the last quarter. I was amazed how my lifestyle adjusted to it. Had I not saved 10% I will still be the same guy last year without a penny in my name.

My success in this area leave me excited in stretching my strategy to saving 20% of my income for 2010.

2. You are self-employed.

I think being self-employed is one of the most powerful principles that I have learned and applied since 2007. It changed the way I look at work and the way I look at my performance. The concept is really simple, it is to realize that you are the CEO of your own personal service corporation and that your employer is your biggest client. Therefore you need to satisfy your customer with your performance and help you employer save and earn more money. When you think this way, you will realize that for your employer/customer to get the best service you need to grow in experience, in intellect, in skills, and in relationship handling. You will also realize that you need to empathize with your employer's customer to serve your company better.

Being the CEO of your own company means you are responsible in your own growth. You cannot blame your employer for your pay check because your employer is your customer and he/she is paying you for the quality of service that you are giving. This type of attitude will bring you to the attention of people who can help you advance in your career.

3. Read, read, and read.

One of the principles that gave me a lot of ideas is the principle of reading and studying. A lot of the people I know don't want to hear about this principle because they are too lazy to take extra time to read. They often tell me that experience is better than reading. I know that it is true but there is something about reading that I could not explain that gave me an edge over those who wait for experience to learn. It is as if a portion of my mind has been opened and began working for me. I believe this portion of the brain is unused by those who refuse to take time to read and are deluded by their ignorance and laziness.

Read for an hour in the morning and in the evening a book/magazine within in your field . This habit will continuously move you to the direction of being the top 10% in your organization.

4. Act, act, act, and act.

There is no substitute for action. If you want to multiply your results you need to take action. It is the only way to produce results.

Most of the time you do not need more knowledge to be successful, you need to do something about your goal to be a success.

5. Take notes

Take notes of ideas, quotes, concepts and stories. Taking notes is another dimension to learning. There is something about taking notes that makes the writer smarter. Even more smarter if the writer re-reads what he/she wrote in his notes.

Another note-taking concept that I learned and applied is keeping a small notebook for ideas. I have notebook with me and if I get an idea I write it down so it will not be lost into oblivion. If there is a to-do item I also write it down so it will not clatter in my head and affect my focus.

Allow me to stop here and continue tomorrow for my post. Meanwhile I give you the last five principles that I believed and applied in 2009.

6. Set goals.
7. Getting in debt for uncontrolled spending is really really bad.
8. Be at peace with yourself.
9. Challenge yourself continuously.
10. Look up.
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Written by Joseph Librero

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