Analytic Vision

Posts Tagged ‘money’

Ten myths about financial independence and the truth that will set you free. Part II.

Posted by Ştefan Alexandrescu on 04/06/2017

I started here last month an article about myths some people are considering while exploring the alternative ways of thinking. I continue today with 5 more myths.

6. Selling is something that everybody hates

The truth is that if you want to earn the respect of others, then you must work in sales. It is not because it’s a job that “everybody hates” therefore it’s challenging, but it’s because it’s a job that if you do well, can earn you a lot of respect. If you don’t do it well, then you should be ashamed of yourself. People hate bad salesmen. In one way or another, everybody works in sales. Therefore, it is mainly important for you to generate the kind of expectations and the kind of image that some other people might like to think of.

So, for example, if a salesman provides for his family, then he might be accepted in the community as a pillar, but if a salesman is ashamed of what his is doing, is not good at it, and does not provide the resources that are expected from a salesman, then he is covered in shame.

Therefore, most salesmen are not good salesmen. It is only because there is not enough place for all the salesmen on all the markets. Therefore you must be a good salesman and good salesmen are respected. So, if you want to earn the respect of others, stop considering salesmen as a past and start working in sales.

 

7. In order to make money you have to show you have money

I will tell you another perspective. It doesn’t matter how expensive you dress yourself, if you sell yourself short. That means your attitude matters more than what you look like.

So, it is very important for you to consider that people first watch your non verbal communication and then what you are saying. I will give you a practical example. In a busy day, I got out of the house without looking in the mirror. I haven’t noticed how I looked like. That day I made some sales. There were some unexpected sales, because, there were two people that I just met that day. Coming back home, looking into the mirror, I noticed that I looked terrible. And I thought myself: “Oh my God, I have made some sales looking like that! This is impressive! It’s amazing!”

But then I became aware of the fact that those people bought from me not because of my looks but because of my attitude. So, it doesn’t really matter how well you dress. Of course, if you are selling to directors from a company it is important to be well dressed. You don’t have to be perfectly dressed, you don’t have to be dressed from Gucci, but you have to make sure that at least you get the chance of getting an entrance.

So, it might be even more important that you think to dress in clothes, that are, let’s say, white or open-colored, than the quality of the brand that you are using for your clothing.

So, I make here, also, another point, each kind of expense must be considered at least as a tryout to make an investment. Therefore, in example, if you need to impress a client, it’s better to rent a BMW than to have a BMW that you pay for every day.

So, I do not want to minimize the importance of getting through some obstacles in perceiving image. I’m merely suggesting it is more important to have an appropriate attitude.

 

8. Always do things with strategy

It might come as a surprise that although strategy is important, it is not the most important thing.

In order to conceive an appropriate strategy, you must, first, have an appropriate system, and most people do not think about this. Yes, it’s important to have a strategy for launching a new product, a new line, an invention, something which people have never heard of, but these things are very risky. Usually most business strategies are bases on decisions which have been made in a similar mode with other similar products. So people notice what is the pattern that leads to success and how to reproduce it.

Therefore, in order to have and apply an appropriate strategy, you first have to have a functional system that will be something that works and needs to be optimized. So this is the difference between doing basic merchandising, what is called in Romanian ”bi?ni?ă” and doing business.

So first, you need to have a customer that is available to pay you money for your product, then you have a business. It’s not the other way around, although, it is recommended for administrative and legislative means to do so.

 

9. It’s important to contribute and to offer charity

It is, of course, important, to make sure that you leave something behind you, to make donations, and keep your generosity gates open. In the same time, it is more important to make intelligent charity. That is, to know who to give money to, why, when and for what. So you do not look like somebody who is just throwing away money, in order to buy other people’s attention, consideration, and respect.

Therefore you need to have some standard and some strategies of evaluating whether the people or the organization which are receiving your money are well documented and are worthy of your money. Giving away money without looking is not charity, it is mere stupidity.

Therefore you need to have questions that you must put to those people that you are giving you money to, and if they don’t give the satisfactory answers, then they don’t receive and they don’t deserve you money.

 

10. If I don’t work, I don’t have money, therefore, I don’t read

When you don’t have money, buy time through what you are doing when you don’t have money. So, most people tend to worry and think about the periods when they are unemployed or the periods when they are not working as periods when they don’t make money, therefore they afford to waste time. This is very true for some categories of people. It is true for (fool) people, it is true for some employees, it is true for freelancers, for the most of them, at least.

The truth is making money shouldn’t be connected with the work you are doing directly. Making money should be a symbolic result, a simple effect of what you are doing already best. Therefore, reading and personal development, generally, is one of the best investments that you can do while you are not working, or especially when you are not making money. Why? Because you can never know how exactly what you are reading as personal/professional development or a specialty book might do for you in terms of making money. Therefore, that is the most important period when you should invest in yourself: when you don’t have the opportunity to work and/or to make money. This is what will make the difference between when you are down and when you have success.

 

These have been just some of my personal considerations about financial independence and what some think. I have been reading books and research, I have been listening to audio programs for the last 13 years and I have never found in one resource all that you have available in this article. Therefore, please take into consideration the fact that you need to take all this and verify it in you own experience.

Please come with your own experience and your own suggestions by commenting to this article.

Thank you.

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Ten myths about financial independence and the truth that will set you free. Part I.

Posted by Ştefan Alexandrescu on 24/05/2017

 

Today it is important to consider several things which some people, especially Romanians, might tend to think, concerning the way they should think and act about money. These have been observed based on my own experience and different lectures, studies and books that I have read concerning how to manage finances.

 

1. It’s good to have some money aside

There is the tendency to think that there is a stash of money that you need to have in some place, generally, proverbially thinking about different directions that those money might take.

Supposedly you fall sick, supposedly you decide to open up a business, supposedly you get fired, supposedly you need to have some securities aside for your old age. But the truth is you need to have several accounts, separately, and you need to have money for all of these directions and then some more. Therefore, the money for rainy days are not money for retirement. The money for retirement are not money for accidents. The money for accidents are not money for insurance. The money for insurance are not money for vacations. And all of these are not economies. So the truth is you have to have several accounts, separately, in which you have to save money. So, individually, you will have to take into consideration all of these necessities and save for each of them, not for just one goal. “Some” soundse very vague. Be precise and prepared.

 

2. Loan now, pay later

We live in a fast-forward society, that thinks of money as a commodity that can be obtained virtually instantly from a bank, based on the fact that many and each individual are/is employed and produce/s the same kind of money as the day before. So, there is the tendency of living on borrowed money and having the full experience now, better than tomorrow.

What about always thinking that now is going to be better than tomorrow? The problem with this thinking is that if you do think that your whole live is worth living now, better than tomorrow, it automatically means, that tomorrow, for sure, will be worse that today. So the people who work in personal development, prefer to do the opposite, to save money and not to loan money. Why? To make sure that tomorrow is going to be better than today. The way that you make tomorrow better than today is to give up something now, in order to receive something better and bigger in the future. There is such a thing as good debt: debt you make to create capital that multiplies and increases in value, but that’s not the kind of debt most people like to make.

Copyright (C) Irina Chirita, 2015

Copyright (C) Irina Chirita, 2015

 

3. If you recover all the money you have invested in a business, that means you break even and that’s a success.

That is false. If, from a business, you manage to get only the money that you invested, that means you have been working for free. In truth, in any kind of business, you have to take into consideration all the costs that you don’t see. All the costs which are in inflation, cost of opportunities, and you also have to take into consideration that having your own business, also might mean making more money that you would being hired. Usually, this is what some people consider. So, if all that you’re doing is just making sure that you get all the money that you invested from a business, that means that you should stop before it’s too late. And reconsider the situation.

 

4. Insuring the future for the family is the most important thing that you can do

Of course, it is important that you take into consideration the necessities, the needs and the wills of your family but I will tell you what is even much more important. That is to take into consideration the needs and the wants of the audience that you are serving. Therefore, it is important for you to always, always, always think of making your clients happy. If you put on the first place making your clients happy, then the family will enjoy your business. But if you put your family first, and think that there is a competition between the needs of your family and the needs of your costumers, it means the you do not have a good balance between the professional life and the personal life. Therefore, you are not a good businessman. So stop, before you hurt yourself. Change the way that you are thinking.

 

5. I will pay this as soon as I will have the money.

Don’t make assumptions about the time in which you will make payments. Always have some money aside in order to buffer up the periods in which you are waiting for liquidities.

You cannot make responsible decisions based on money that you assume you will receive in the future. The money you are contracted and hope to get are not money that you have gotten. So, better wait until you do have those money and something extra in order to make engagements for paying. This is especially true for personal expenses. Of course, we are not talking about big corporations’ finances. We are talking about small business ownership, entrepreneurs, freelancers, which have a limited budget and want to make payments as soon as they will have money. But making payments as soon as you will have money for it means that you might be running out of money when there is a situation that cause for that necessity.

 

These have been just some of my personal considerations about financial independence and what some think. I have been reading books and research, I have been listening to audio programs for the last 13 years and I have never found in one resource all that you have available in this article. Therefore, please take into consideration the fact that you need to take all this and verify it in you own experience.

Please come with your own experience and your own suggestions by commenting to this article.

Thank you.

Posted in Debug Your Mind | Tagged: , , , , , , | 2 Comments »

What Gifts to Buy to a Romanian

Posted by Ştefan Alexandrescu on 02/02/2014

Occasions to buy gifts

Romanians are very welcoming, occasionally (but not as a main trait) generous  and they buy lots of gifts to each other on different occasions. Usual such occasions are:

– birthdays

– name days – usually, most of the Romanians are named after saints, which means they have at least one “name day/ziua numelui” or even more, if they have more than one name, if their saint is celebrated more than once in a year or for a certain name they have more than one protector saint – though there is one main name date in each case, when, usually, a gift to be offered is practical and congratulations required . For example, my name is Ştefan (Steven) and I have three name days throughout the year: Saint martyr Steven (27th of December), St. Steven the Great (2nd of July) and the new Saint martyr Steven (28th of November). I receive congratulations and/or gifts on any of these three days. My sister is called Alexandra and she celebrates “name day” both on the Saints Alexander (30th of August, 29th of May, 10th of June) and on Saint Alexandra (21st of April). People called Ion/John and Ioana/Joanna celebrate their name days in all of the three holidays which honor St. John the Baptist. There are also a lot of other saints called “Saint John”, although their holidays aren’t frequently seen as actually “name dates”. People called Cristian or Cristina celebrate their name day on Christmas, Easter and on St. Cristina (24th of July). It is appropriate to congratulate and offer gifts on these occasions only to the Orthodox believers. If a Romanian is an atheist or from another religious confession, you need not congratulate them or offer them gifts on these occasions. The most important holidays of the year are marked with a red cross in the Orthodox calendar.

You can find out when is the name day of someone by looking up the name and its derivatives in the Christian-Orthodox calendar (available from a series of different websites and from most Orthodox churches).

– Christmas

– New Year

– Easter

– for women: Christian women’s day (the third Sunday from the Orthodox Easter), 1st of March, 8th of March.

– for couples: 14th of February (Valentine’s day), 24th of February (Dragobete). Please remember that “Valentine’s Day is not a Romanian or Orthodox holiday. Orthodox people celebrate the actual orthodox saint Valentin (different from the catholic one) on the 24th of October and that’s not related in any manner to couples. Also, some Romanian people frequently discard the meaning of “Valentine’s Day” as a commercial celebration and prefer to celebrate the lovers’ day on Dragobete, which is also not an Orthodox celebration (but a pagan one), but at least it has a centuries-old tradition.

– marriage – the gift for marriage must be consistent or in cash and usually if you are invited to the wedding.

What gifts to buy

Romanians aren’t pretentious. Usually, a symbolic, creative or unexpected small gift is enough. Sometimes, if you are artistic enough, you don’t even have to spend money on a present. I sometimes offered a poetry or a handmade pop-up personalized card as a most welcomed gift for a friend on any occasion. For some women, a cheery e-mail written from the heart and a beautiful flower will do the work.

Something traditional from your country/city which can be offered as a souvenir is also very appreciated. Romanians are crazy about foreign souvenirs, especially from places they’ve never been to.

But this is not always the case. A regular, nice gift, is a specialized book, or a book written by one of the favorite authors of the person you are giving the gift to. If you wrote a book yourself, it might also be an excellent gift (I gave a book I wrote as a gift to tens of people) if the person in interested in reading on the topic you’ve written on. A book in Romanian language usually costs 4-8 euros. A very special Romanian book (such as a dictionary, encyclopedia, a very specialized book or a treaty) is to be expected to cost between 15-50 euros.

Other gifts may depend on how well do you know the person to make an appropriate gift. It is recommended, if you are not really close, that you don’t buy something to wear, as it might be too personal. It is also inappropriate to give money in stead of a gift (as it says “I don’t know you well enough”), but it might be preferable if you don’t want to risk a bad present or don’t have time to look for something.

Don’t offer as a gift any kind of disks with music or film (unless they are really rare and appreciated), as the Romanians are used to downloading themselves whatever they need to from the internet.

Also, practical gifts are very appreciated, especially if they have some interesting feature or some personal/funny message. Something like a teacup, a plate, a tea pot or even a cooking pot can often be top-notch gifts.

It’s not recommended that you buy anything electronic as a gift, because Romanians are very picky and versed when choosing any piece of technology – which, in Romania, is pretty cheap. If you know someone is looking to buy something electronic, it’s better that you ask how much it costs and give him/her the money to buy it themselves if you want to choose that as a gift.

If the person is an Orthodox practicant (that is, goes to church every Sunday), a very appropriate and often bought gift is a religious book or a religious item (such as a little bottle of holy oil/mir, tămâie, icons). Although, do not buy them the Bible, as any Romanian usually has one in their homes. And if you do buy the Bible as a gift to a Romanian, don’t get cheap: buy the sinodal edition published in 2001 (the Romanian translation of Septuaginta). And don’t buy any religious book which isn’t published with benediction (almost all the Orthodox books have the mention in the first pages that they are published “cu binecuvântarea I.P.S. […]”).

Usually, it can be appropriate to spend on an individual gift for a Romanian up to 10-15 euros. Anything more is considered a special present, appropriate for a close friend or a very special occasion. If you buy an expensive gift for a Romanian, it might actually hurt your relationship with that person, as it might get wrongfully interpreted.

If – and only if – you are invited to a wedding, the regular sum of money to offer as a wedding gift is either the equivalent sum of the menu, or 100-150 euros, whichever is higher. For example, if the menu is 120 euros, than an appropriate wedding gift would be 120-150 euros. If the menu is 70 euros, than the lowest gift sum would be 100 euros.

Generally, these are some basic consideration which I can offer from my personal social experience in Romania.

Posted in The Art of Respecting Others | Tagged: , , , , , , , , | 5 Comments »

 
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