Making confidence your state of mind

Confidence is a state of mind. One that can be learned and improved upon, says life and business coach, Izak Strauss. We spoke to him about what’s really behind a lack of confidence and how, like any muscle, it can be built over time.Debt-Management-Guide-8-Steps-to-Becoming-Debt-Free_full_article_vertical

According to Strauss, what’s behind a lack of confidence is fear and self-doubt. “The fear of failing, being criticised, the fear of the unknown – all of these things can take a knock on our confidence. Yet it is at this moment when we need to feel the fear and persevere anyway. To quote Nelson Mandela, “I have learned that courage is not the absence of fear, but the triumph over it. The brave person is not he who does not feel afraid, but he who conquers that fear.’”

Strauss says that very few people are born with high levels of confidence; it is something we learn over time. Once you begin to focus on improving yours on a daily basis, you will get better at it. And while some people are naturally more confident than others, Strauss says that once we begin to have faith in our abilities and skills, confidence grows. “Like with learning to ride a bicycle, you first need to take the training wheels off before you can progress to doing wheelies – if you have faith in your abilities, you will back yourself up in the face of adversity because you know what you are capable of doing.”

This may mean working on improving self-esteem by taking the time to analyse your strengths and weaknesses objectively – very often we downplay our skills and overemphasise our weaknesses. And a lack of trust in our abilities can make people doubt our skills. “Perception is everything, as fickle as that may sound. The moment people perceive us as not being confident (and we all know that you make an impression on someone within the first few minutes of meeting them) they lose faith in our abilities. Yet, if we are confident in ourselves and in what we do, we immediately create trust and earn respect, translating into success,” says Strauss.

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Entrepreneurs beware!!!

Starting your own business is certainly a daunting task as you will be wondering whether the risk is worth taking; whether you are compatible with your business partner, who may also be your best friend and what is the appropriate business structure in order to avoid potential risk – to name but a few.iStock_000017341477Medium

Your service offering or product must be spot-on in order to quickly generate cash flow to survive and with additional business considerations such financial management, strategy, marketing and sales eating into your time, you will find that your focus is constantly diluted leaving you somewhat overwhelmed. To add to your mounting pressure, all this needs to happen simultaneously.

As the buck stops with you, small business owners are in agreement that balancing all the above is a very demanding task and the first couple of years will mostly be about survival. With survival being at the forefront of your focus, the most common aspect that 95% of entrepreneurs neglect, is the optimal structuring of their business interests and assets. This usually comes back to bite them when their thriving business is in a position to expand and unnecessary taxes must be paid to the South Afircan Reveue Services (“SARS”) or should a damaging claim arise against the owner and/or the business.

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How to stretch your paycheck and avoid being abused by family and friends

The number one enemy of personal finance is procrastination. Therefore live by the philosophy of MTHN (make things happen now) and take control of your personal finances – let money be your servant, and not the other way around.

As with any other goal you approach, you need to start by asking yourself: “What is my reason for doing this??” The question of investing, saving, insuring and reducing debt only have relevance if you have clearly articulated why you are doing it. Ask yourself: “Why do I invest?” “Why do I want to have more money?” Once this is ascertained, ask yourself: “What is the price tag of my goal and am I prepared to pay the cost thereof?”

By clearly articulating your goals in all aspects of your life such as work, health, family, leisure, personal growth and work in the community, your intrinsic motivation will help you clarify your purpose and help motivate you to stick to your wealth-building process and ensure your goals will not be derailed by extrinsic factors.

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The Power of Consciousness

It’s a sunny Saturday morning and I’m heading out on my mountain bike as I notice a gentleman walking his dog, completely occupied in a sms-conversation on his cellphone and heading straight towards a municipal sign in the walkway… yes, you know what happens next!! Funny as this may be, the sad thing is that most of us go through life exactly like this gentleman – so caught up in your own situation, that you are completely oblivious to what is happening right in front of you. Besides the fatal consequences that this “unconscious” state can bring about, you are also missing out on the subtle cues that can transform your life.jb_dog

Consciousness is the quality or state of being aware of an external object or something within you. It has been defined as subjectivity, awareness, sentience, the ability to experience or to feel, having a sense of selfhood and the executive control system of the mind. Despite the difficulty in definition, many philosophers believe that there is a broadly shared underlying intuition about what consciousness is. As Max Velmans and Susan Schneider wrote in The Blackwell Companion to Consciousness: “Anything that we are aware of at a given moment forms part of our consciousness, making conscious experience at once the most familiar and most mysterious aspect of our lives.”

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Linking Financial Goals To Values And A Life Of Significance

I am writing this article in response to a recent column in Rapport by Mr. Dawie Klopper, an investment economist at PSG, which deals with “refocusing your career or even retirement planning” for those aged 40 to 60. Based on the ideas in the books Halftime and Finishing Well by Bob Buford, Mr. Klopper suggests that the above age categories should reconsider the second half of their lives at the proverbial halfway stage, since the second half will rather be about “significance”.

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Die Amalgamasie Van Jou Finansiele Doelwitte Met Jou Waardes En ‘N Betekenisvolle Lewe

Ek skryf hierdie artikel na aanleiding van ‘n onlangse rubriek in Rapport deur Mnr. Dawie Klopper, ‘n beleggingsekonoom by PSG, wat handel oor “die her*****us van jou loopbaan of selfs aftreebeplanning” vir diegene in die ouderdomsgroepe van 40 tot 60. Geskoei op die idees in die boeke Halftime en Finishing Welldeur Bob Buford stel Mnr. Klopper voor dat bogemelde ouderdomskategoriee by die halfpadmerk van hul lewens moet herbesin oor wat in die tweede helfte van hul lewens moet gebeur aangesien die tweede helfte eerder gaan oor “betekenis”.

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