"Fear kills more dreams than failure ever will." Fear is the most crippling, hindering cog in the path to the success machine. So this articles aim is to pinpoint problems and provide solutions for how to overcome all fear and go forward with bossing up your life, reaching your fullest potential, and seeing your desires manifest to fruition.
We reached out to 1 Awesome World, LLC. CEO and founder Dellian Sharp. Mr. Sharp's company provides one on one personal consulting with an impetus on personal growth and development. Helping their clients identify and overcome their Fear Blocks is a point of specialty for Mr. Sharp and his firm. So he kindly helped us put together Four Steps For Overcoming Fear.
Understand Fear. Fear is secretly an acronym for False Evidence Appearing Real. Most of our fears aren't real but rather figments of our imagination.
Understanding that our fears aren't grounded in reality gives us the power to take control over our lives. We worry about consequences that are never as bad as they are in our imaginations, and opinions of others that they don't actually hold.
Fear isn't real.
Begin the process of working on self-image and self-assurance. Assertion of your personal power comes from recognizing and acknowledging its existence. Building confidence into your self-image and coming to the reality of your true strength is the key to the gateway to higher heights. Be mindful of your inner dialogue, speak to yourself only in positive affirmations. This allows you the vision to see opportunity and success, where previously you would only see despair and failure.
Have a firm definition of courage. Courage is not the absence of fear, but rather the ability to move forward in-spite of fear.
Feeling feelings of fear will never go away. As a matter of fact those feelings and sensations are how your mind and body are alerted and prepared to make the ideal response. Not letting feelings of fear cripple your movements, but rather using that energy as fuel is the difference between staying stuck in one place, and exponential growth.
Understand our enemies.
This becomes day to day warfare with the battlefield being your mind. Your enemies: Worry. Doubt. Fear. Your allies: Faith. Hope. Love.
Being mindful of when WorryDoubtFear pop up and being ready to confront them with FaithHopeLove sets in place the habit of killing off fear before it ever gains a foothold. This means that the battle is won before it has even begun.
Dellian Sharp is CEO and Founder of 1 Awesome World, LLC. For more info or to book Mr. Sharp for a one on one consultation or to speak at your event, please visit www.1AwesomeWorld.com
When you take out a loan for a car, charge something to your credit card, or get a personal line of credit, there is going to be an interest rate that applies to your loan.
A lot of different factors go into what you will be charged, including your own personal credit score. But even those with flawless credit still see a minimum charge that they can't get around. That all goes back to the Federal Funds Rate.
One thing consumers rarely realize is that all of our banks are lending money to each other every night. Banks are legally required to maintain a certain percentage of their deposits in non-interest-bearing accounts at the Federal Reserve to ensure they have enough money to cover any withdrawals that may unexpectedly come up. However, deposits can fluctuate and it's very common for some banks to exceed the requirement on certain days while some fall short. In cases like this, banks actually lend each other money to ensure they meet the minimum balance. It's a bit hard to imagine these multibillion-dollar financial institutions needing to borrow money to tide them over for a bit, but it happens every single night at the Federal Reserve. It's also a nice deal for those with balances above the reserve balance requirement to earn a bit of money with cash that would normally just be sitting there.
The Federal Reserve
The exact interest rate the banks will charge each other is a matter of negotiation between them, but the Federal Open Market Committee (FOMC) (the arm of the Federal Reserve that sets monetary policy) meets eight times a year to set a target rate. They evaluate a multitude of economic indicators including unemployment, inflation, and consumer confidence to decide the best rate to keep the country in business. The weighted average of all interest rates across these interbank loans is the effective federal funds rate.
This rate has a huge impact on the economy overall as well as your personal finances. The federal funds rate is essentially the cheapest money available to a bank and that feeds into all of the other loans they make. Banks will add a slight upcharge to the rate set by the Fed to determine what is the lowest interest that they will announce for their most creditworthy customers, also known as the prime rate. If you have a variable interest rate loan (very common with credit cards and some student loans), it's likely that the interest rate you pay is a set percentage on top of that prime rate that your lender is paying. That's why in times of low interest rates (it was set at 0% during the Great Recession), a lot of borrowers should go for fixed interest rate loans that won't increase. However, if the federal funds rate was relatively high (it went up to 20% in the early 1980's), a variable interest rate loan may be a better decision as you would be charged less interest should the rate drop without the need to refinance.
The federal funds rate also has a major impact on your investment portfolio. The stock market reacts very strongly to any changes in interest rates from the Federal Reserve, as a lower rate makes it cheaper for companies to borrow and reinvest while a higher rate may restrict capital and slow short-term growth. If you have a significant portion of your investments in equities, a small change in the federal funds rate can have a large impact on your net worth.
Whether you're leaving a job involuntarily, departing for something new, or just want to prepare for the unknown, it is smart to understand all your options regarding your 401k.
Frugal gifting often gets a bad reputation. However, this shopping method does not make you cheap — it makes you practical. Frugal gifts often avoid waste and overspending and can be just as meaningful (if not more so) as any other present.
With the National Retail Federation predicting each consumer this holiday season to spend upwards of $1,000 on holiday gifts amidst an economic recession —this year might be the perfect time to reconsider your spending budget. We've formulated the ultimate list of frugal gift-giving ideas to get you started.