Pareto’s Principle

Pareto’s Principle

    Vilferado Pareto was an Italian economist in the late 1800s. While working at the University of Lausanne, in Switzerland, he noticed that income was unevenly distributed throughout Italy. After researching the issue, he determined that approximately 80 percent of the land in Italy was owned by 20 percent of the people. This led Pareto to investigate other countries where he discovered a similar statistic ⎯ 80 percent of the…

What direction are you going?

What direction are you going?

  According to a recent article by businessinsider.com, 80 percent of New Years resolutions fail by the second week of February. By the time you’re reading this, it will be the third week of February.   So let me ask you, how are you doing?   Another article I read by Forbes said only 8 percent of people achieve their New Year’s resolutions. That’s staggering.   I’ve never been a…

I am the limiting factor

I am the limiting factor

  I was talking to one of our helpers while we were working together on a recent flip. I asked the 18 year old if he’d done any goal setting for the New Year. What he said next, I think, is all too common: “I don’t have time for goal setting. I’m too busy working.”   How many of you have heard the saying, “Time is money?” I disagree with…

The three piggy banks

The three piggy banks

  My son just had his fifth birthday and consequently came into some money. To a 5 year old, $30 feels like a fortune. As we were riding in the car one day, Seph began to contemplate what he should do with all that cash.     At 5, he already knows to tithe. But he questioned what he should do with the other $27.   He asked me what…

Happy New Year

Happy New Year

You may be thinking that “Happy New Year” is a strange title for this column since we’re in the middle of April. Well it’s not. That’s because I’m talking about the Hebrew New Year. It just started, and we’re currently in the first month, the month of Abib.   The month of Abib is rife with Biblical awesomeness. Yahweh plagued Egypt and brought the children of Israel out of slavery;…

Would you rather have cash or income?

Would you rather have cash or income?

Would you rather have cash or income?   I was sitting at a closing recently, quietly working through a problem on the financial calculator. My agent asked what the app was on my phone. When I responded that it was a financial calculator, both my agent and the buyer’s agent were perplexed as to why I needed one, since the mortgage brokers do all the mortgage calculations.   This is…

Knock on the door of success

Knock on the door of success

Knock on the door of success:   It’s that time of year again. It’s time to evaluate last year, to celebrate your successes and investigate where you need to improve. Once that’s done, you can move on to the all-important task of setting goals for 2017. Are you excited?   Something I love about this time of year is that personal development goes into overdrive. If you’re like me, you’re…

Have you set your goals for this year?

Have you set your goals for this year?

As we approach the new year, have you thought about setting your goals? If you have’t, I suggest that you do. Goals are important. They are a road map with a destination. If you do not pick a place to go, you can get lost quickly.   When you set your goals remember the 6 areas: Family, Spiritual, Friends/ Relationships, Physical, Business and Education. Also, read the book The Slight Edge…