Archive for the 'Modus Operandi' Category
Wednesday, July 21st, 2010
Interest rates, prime rates, overnight rates, bank rates, mortgage rates, deposit rates, basis points, etc. I wonder how many people really know the difference and impact of these various rates and terminology. They seem to be tossed around in the media and in financial newsletters regularly and they are all important. But, when you listen to the way people discuss rates and the impact they have on their life, there certainly seems to be a gap between rate language and understanding.
But does it matter for day-to-day financial decision making?
The answer is yes, but…
Many people have decided they would rather not deal with money issues because they find it complicated or intimidating. Without a foundation of knowledge, it certainly is both of those. There are so many factors that affect every area of our money that the important thing is to recognize that you can take charge, learn what you know (and don’t know) and what’s important to you so you can ask better questions to make better decisions.
With respect to the types of rates that are tossed around in daily discussions of interest rates, the important thing is to recognize the term, listen to the context in which it is being used and ask some questions or do some simple web research to find out what the term means. And, most importantly, what does it mean (if anything) to you and your situation and your goals.
I live in Canada, and the overnight rate just increased. This in turn caused the bank prime rate to increase as well as mortgage rates and deposit rates. Now, if you don’t understand why this happened or what the impact is in the big picture, or if you don’t follow it and keep track of the ups and downs on a regular basis, then you could be on the side of the equation that says, “They’re just out to get me with higher interest rates. The banks make so much money already they don’t need to keep charging the everyday person more interest.” Or, you could be on the flip side saying, “Great, it’s about time they recognized that those of us on fixed income can’t live with such low interest rates on our savings.”
Either one of these isn’t empowering, abundant, confident or knowledge based assumptions / opinions. The fact is that federal governments are constantly doing a balancing act to maintain stability in the economy so we have a positive economic environment for business and investment at home and abroad. When we have a positive and stable business and investment environment, it benefits everyone: employed, retired, young, and old. And, the more you know about the terms, the concepts, the application, and the implications, the better off you will be. That is because you become more confident and will have gained the knowledge to understand the impact to you for the decisions you make on a day-to-day basis.
If you would like to know how, where or who to ask to learn more about the impact of the various types of rates we hear about daily, then consider asking your questions and following the dialogue as a MoneyMinding Minute Manager Member. If you are already a member you can log in here
If you would like to join now, you can find our more and get your password and exclusive member benefits here.
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Wednesday, November 12th, 2008
A picture may be worth a thousand words, but a video that tells a story is worth a thousand pictures!
We’ve just reformatted some of the best stories from MoneyMinding members, and made them available on our website. To find out what people have experienced as they use the MoneyMinding Makeover system, go to http://www.moneyminding.com/mm/success_stories.php
It only takes a couple of minutes, and we think you’ll be inspired!
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Tuesday, March 25th, 2008
Today I (Catherine - PR and Marketing) spent the better part of the morning at Amazon.com, where we sell 3 of our most important books: The Enlightened Wealth Journal, the Enlightened Wealth Manual, and The 12 Simple Steps of MoneyMinding.
Amazon has evolved so much over the last 10 years - now not only can your post your books for sale, you can let potential buyers search inside them; you can communicate with your customers directly through blogs such as this (and Amazon transmits the feed to people who buy the book); you can encourage reviews of your book and review other people’s books; you can even submit video reviews, start and join in discussions… the list goes on and on.
And naturally, every bell and whistle that we activate helps us to market materials, which adds up to a bigger, better presence and more people who know about MoneyMinding.
So I’m putting it out to our friends, members and advisors who have seen the benefits of the MoneyMinding system in their lives to look up the MoneyMinding books on Amazon, and take a moment to write a review! All you have to do is click on the button where you are invited to submit a review, and give your opinion from the heart.
Just like with MoneyMinding, little steps such as these add up to big success down the road.
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Tuesday, March 4th, 2008
At MoneyMinding, we are passionate about helping people expand the possibilities in their life, and work toward their dreams. Just think for a moment how much of the time that dream includes a new home.
I (Catherine Novak - MoneyMinding’s Marketing and PR Manager) am currently dreaming of a new home that will fit our blended family of five active boys, and be within reach of their schools and activities. In the super-charged real estate market of Victoria BC, where MoneyMinding is based, that can be quite a task! But by applying the principles I’ve learned by working here and participating in the training, I know that we have to ask not whether we “can” or “can’t”, but instead - HOW?
So talking to my realtor this morning, I found myself discussing the steps we are taking - MoneyMinding style - to make that dream a reality. Is this a conversation that many realtors have with their clients? They are probably more used to hearing their clients say “that’s out of our price range” or “we can’t live there”. What if a realtor had the knowledge and the vision to help their clients not only through the dream process (it seems most realtors are pretty good at that!) but also through the practical financial tools process? And what if it’s set up and ready to go? That’s the beauty of MoneyMinding… the system is already up and running, and anyone who talks to people about the big life decisions that involve money can draw upon MoneyMinding as a tool to strengthen relationships with clients, and help their clients get what they really want.
If you are a realtor and you want to help your clients make their dreams a reality, I’m inviting you now to look at our website, www.moneyminding.com Consider the added value you bring to your practice just by giving your clients the tools they need to make the best real estate decisions they can. It looks like a win-win situation to me!
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Thursday, February 7th, 2008
Passionate about financial success? Eager to get in on the ground floor of a growing company?
MoneyMinding Inc. is a complete financial education and success system that works with professionals in the financial industry and “end users” to encourage financial possibilities without “cutting back”. Using digital education products, social networking and financial coaching, MoneyMinding gives people the tools to take charge of their financial destiny, and offers a turn-key marketing system to financial advisors. The company is at the leading edge of a “hot” industry – financial literacy training, and we’re looking for the right person to help take the business to the next level.
The successful candidate will be a committed, proven sales professional comfortable in both the business-to-business and business-to-consumer environment; able to find new clients through networking, research, and cold calls; qualify and research sales leads. He or she will have excellent customer service and presentation skills, strong time management and organizational abilities, effective interpersonal and communication skills, and computer proficiency (Word, Access, Excel, Outlook).
Experience in the financial industry is an asset. Must be willing to travel within North America. Pay will be commensurate with experience and tied to performance.
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Tuesday, January 22nd, 2008
It’s Catherine, MoneyMinding’s PR and Marketing person here… I arrived at my desk this morning and found an email from Tracy in my inbox. Yesterday she was in transit to Vancouver where we’re putting on the MoneyMinding Mastery and Advisor Training. But for Tracy, travel time rarely means downtime - her mind was on overdrive from a comment that one of our MoneyMinding Mentorship Call participants made. That comment sparked a whole train of thought about where opportunity comes from… and instead of letting it drift off into the “to do later” pile, Tracy got on the phone and uploaded her thoughts to our fantastic audio repository, BYO Audio.
Presto! Nearly 4 minutes’ worth of inspired thinking - all I had to do was tidy it up a bit with some audio editing software, add the usual introduction and conclusion, and together we produced a quick, easy “MoneyMinding Minute” that we can syndicate now, and use for later as well.
If you want to hear the podcast, you can click here: http://tjpiercy.byoaudio.com/files/media/81010acb-4fb3-2519-0811-9565c3737322.mp3
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