2 Mixonian Bail-Out Plans for YOU

In the spirit of the time, Mixonian offers the following bail-out plans for those readers who were not included in those announced by the government, so far.

Bail-Out Plan #1:

Go to your kitchen. Select a measuring cup, the largest one you have. It's better if the measuring cup has a handle.

Take the measuring cup and dip it into the water, and throw the water out over the edge of the boat. Continue to refill the measuring cup until you've patched your boat.

Bail-Out Plan #2:

1. Realize that the rescuers are NOT coming for you.

2. You don't really need the rescuers anyway.

3. Remember that every adversity carries the seed of a benefit of equal or greater value.

4. This crazy time will pass, but it won't be the last financial crisis either.

5. You know what you need to do, so go out there and do it!

The photo comes from public domain photos.

Fear Not the Dow (Jones)

If you're like most people, the incredible drop in the stock market last week was a huge and unwelcome surprise....a lot us are thinking, how low can it go?

It's understandable that the banks made, apparently, some bad lending and investment decisions. It's also now abundantly clear that government oversight and regulation of the financial industry has not prevented these poor decisions; maybe it's made them worse!

What's hard to swallow is that how could these financial companies lose so much value, are they really only worth 1% of what they were worth one year ago? Were they that overvalued before? Are the people running these banks incompetent and/or corrupt? Is upward communication in these institutions so weak that the upper echelon didn't know what was going on? It's hard to grasp this situation.

There is one thing that is clear, despite this financial weirdness, our fear of poverty only makes it worse for us.

Fear is a state of mind and one that you can control. In fact, your thoughts may be the only thing you can control!

Fear can actually be fatal. Here's what Napoleon Hill said about it in Think and Grow Rich:

This fear paralyzes the faculty of reason, destroys the faculty of imagination, kills off self-reliance, undermines enthusiasm, discourages initiative, leads to uncertainty of purpose, encourages procrastination, wipes out enthusiasm and makes self-control an impossibility. It takes the charm from one's personality, destroys the possibility of accurate thinking, diverts concentration of effort; it masters persistence, turns willpower into nothingness, destroys ambition, beclouds the memory and invites failure in every conceivable form...(265).

Hill goes on about the destructive nature of fear, but I think you get the idea.

The antidote: Realize that you will be fine. You're not on the brink of starvation and you're not living under a bridge. I think most Mixonian readers have full use of their arms and legs.

I heard this definition recently: wealth is what you have after all the money is gone.

Life invites us to live the adventure. If you have to work in a bar because you lose your job, it's not the worst thing that can happen. You might open your own bar and make more money than ever before.

Reject fear, feed your mind. Everything is fine. Really.

What's Up with the Business Warrior?

Looking again at the "Business Warrior" article by David Cameron Gikandi, I realize that it's a bit long for ultra-busy Mixonian readers. So I'm summarizing a few points, to share with you what I think is really outstanding about this thinking.

1. Getting more prosperity into your life requires that you make a major shift in thinking. It's like getting in shape, once you really commit, the path opens up.

Like the saying goes, when you're truly ready to learn, the teacher shows up. That has happened with me with my business coach. At just the right moment, the right person started offering small business coaching. As soon as I found out about it, I knew it was an investment I had to make.

2. Almost anything is possible. You can do things now you couldn't do before. You can learn what you need to achieve your goals, once you're committed.

This was illustrated through the change in the character of Liza Doolittle in My Fair Lady. Learning to speak differently opened up a new world to her. That story is also a great endorsement for communication experts! :-)

3. Your business, or your job, is the workout you get to see if your thinking is getting you the prosperity you desire. It's your training. It's not so much which business or job you have, it's how you carry it out. As long as you remain committed to your goals, the right customer, the right opportunity, the right contact will show up.

That's why some people excel in a number of diverse business ventures; they got learned that business success is an inside job.

Happy Week-end. Take a recess from the recession!

How Not to Work for a Living

Opportunities multiply as they are seized. --Sun Tzu

Here is a brief explanation of people who don't have to work for a living operate.

According to Robert Kiyosaki, author of the worldwide bestselling Rich Dad Poor Dad book, people can be financially divided into four groups.

The first two groups are classified as active income people. They are called active because they exchange their time for money. No work, no income. Active income people include:

1. The employed - Employees work for a system, a business, a government, not-f0r-profit. This system does not allow much wealth accumulation, but that's where most of us are; our jobs allow us to pay our bills.

2. The self-employed - Self-employed people are another system. If they stop, there is no system left to work on its own. They, like the employed, must work, and exchange their time for money, otherwise; they do not get paid. While self employment allows more financial growth than does employment, most of the time, it does not always allow wealth accumulation.

The next two groups are where you usually find the rich and wealthy, and more importantly, the ones who have both financial freedom and available time. These allow both wealth accumulation and financial liberty and this is where we probably want to go. These are called passive income earners. They are called passive because they do exchange time for money. In other words, they are financially independent. Passive income people include:

3. The business owner - owns a system but does not work in it. A business owner has set up a business in such a way that itis a system that can be run by anybody (just like a fast food franchise). They then hire workers to work within the system, work for them, and bring them money.

4. The investor - invests in a system but does not work in it. An investor has investments in systems that work for them and make them money. Investments can be in other people's businesses, real-estate, and commodities.


The key difference between these two groups, the active and the passive earners is that those in the first group exchange time for money. If they do not give up their time, they are not paid. The people in the second group do not have to do that. They may initially need to spend time setting up the system,but once it is built, they no longer have to exchange their timefor money. They take back control of their time and this enablesthem to live life as they wish. The system works for them and generates income even while they sleep!


This system is the solution. This is especially good for creative people, who want to do something unconventional with their lives. The trick is to find recognize viable investment opportunities and take advantage. Once you start looking, you'll find them.

Your Thinking and Your Finances

You're probably well aware that numerous scientific studies support the relationship between the mind/emotions and physical health. There are studies that support the relationship between prayer and healing. Also, there is the placebo effect, and its opposite, the nocebo effect, in which negative thinking actually makes you more sick! In one study, 2/3 of the participants reported experiencing the side effects they were warned about, yet they were only given sugar tablets. In other words, they reported feeling bad, when there was absolutely no physical reason for them to do so. Here's some information on the nocebo effect.

This is from a brief except from a Washington Post article by Brian Reid:

That study is a classic in the annals of research on the "nocebo" phenomenon, the evil twin of the placebo effect. While the placebo effect refers to health benefits produced by a treatment that should have no effect, patients experiencing the nocebo effect experience the opposite. They presume the worst, health-wise, and that's just what they get.

"They're convinced that something is going to go wrong, and it's a self-fulfilling prophecy," said Arthur Barsky, a psychiatrist at Boston's Brigham and Women's Hospital who published an article earlier this year in the Journal of the American Medical Association beseeching his peers to pay closer attention to the nocebo effect. "From a clinical point of view, this is by no means peripheral or irrelevant" (Washington Post, April 30, 2002).

So, your thoughts, negative or positive, have a definite impact on your health. Could not the same be true for your finances? Think about it.