Personal Finance News Saturday 10/13

Phil's Personal Finance Tip of the Day:
The 7 Cs of Success
October 9, 2012 By Harvey Mackay

On the road to success, you may take a few detours, hit some roadblocks and arrive at a different place than you’d planned. I’m still on my journey, and I’m offering you my map for smooth sailing, traveling the Seven Cs of Success.

Clarity: 80 percent of success comes from being clear about who you are, what you believe in and what you want. But you must remain committed to what you want and make sure those around you understand what you’re hoping to accomplish.

A young mathematician was commissioned during wartime as captain of a submarine. Eager to impress his crew and to stress how important it is to strictly observe all safety procedures, the young captain called them all together for a meeting. His instructions went like this:

“I have developed a simple method that you would all do well to learn. Every day, count the number of times the submarine has dived since you boarded. Add to this the number of times it has surfaced. If the sum you arrive at is not an even number—don’t open the hatches.”

Competence: You can’t climb to the next rung on the ladder until you are excellent at what you do now.

Just remember two more things: 1) The person who knows “how” will always have a job, and 2) the person who knows “why” will always be the boss.

Constraints: 80 percent of all obstacles to success come from within. Find out what is constraining you or your company and deal with it.

The Gallup Organization conducted a survey on why quality is difficult to achieve. The greatest percentage listed: financial constraints. Often our lives and careers are shaped by kind of surroundings we place ourselves in and the challenges we give ourselves.

To read the other 4 C's and the rest of the article from Harvey Mackay.com:
http://www.harveymackay.com/the-7-cs-of-success/

Mackay’s Moral: Some people succeed because they are destined to, but most people because they are determined to.