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The Miracle Morning Book Summary

“Your level of success will rarely exceed your level of personal development, because success is something you attract by the person you become.”

The Miracle Morning, by Hal Elrod, is all about waking up early to supercharge your performance throughout the day.

In The Miracle Morning, Hal discusses how the average person does not devote the necessary time to personal development. By waking up early and carving out time to work on themselves, people can become the best versions of themselves.

If you aren’t a morning person, Hal gives a strategy for increasing your “Wake up Motivation Level”. His strategy includes setting intentions before bed (last thought in the night = first thought in the morning), moving your alarm clock across the room, brushing your teeth, drinking a full glass of water, and getting dressed in your workout clothes.

S.A.V.E.R.S.

Once you are awake, Hal’s morning program is called S.A.V.E.R.S. and stands for:

  • S = Silence (Mediation / Prayer / Reflection)
  • A = Affirmations.
  • V = Visualization.
  • E = Exercise.
  • R = Reading.
  • S = Scribing (Journaling / Writing)

Hal suggests spending time in each of these 6 areas. Depending on the morning, you can spend as little as 6 minutes on all 6 sections or take as long as you want to complete all 6.

For me, I spend about 10 minutes on the first 3, 10 minutes on exercise (some body weight exercises and stretching), 30 minutes on reading (Goal of reading 75 books for 2017), and 10 minutes on Scribing. The importance of the completing each of these tasks is outlined in the book. I hope to focus more on Silence and Visualization in the coming months.

“Our outer world is a reflection of our inner world.” If we are at peace with our inner being, we will be at peace with the world around us.”

Before reading The Miracle Morning, I was waking up around 7:30 AM, getting to work at 8:30 AM, and while I was performing well, I wasn’t achieving greatness. After a month of the S.A.V.E.R.S. program, I’m waking up at 6:30 AM, getting some personal development time in, and getting to work at 8:30 AM. I’ve noticed my mind is sharper and I’m able to focus with a greater intensity than before.

Remarkable Quotes and Passages from The Miracle Morning

Some memorable quotes and passages from The Miracle Morning:

  • Find time for personal development each day.
  • Your level  of success will rarely exceed your level of personal development, because success is something you attract by the person you become.
  • Every time you choose the easy thing, instead of the right thing, you are shaping your identity, becoming the type of person who does what’s easy, rather than what’s right.
  • Now matters more than any other time in your life, because it’s what you are doing today that is determining who you’re becoming, and who you’re becoming will always determine the quality and direction of your life.
  • The moment you accept total responsibility for everything in your life is the moment you claim the power to change anything in your life.
  • If you don’t control your habits, your habits will control you.
  • Don’t wait to be great.
  • If you want your life to improve, you have to improve it yourself.

Our Recommendation for The Miracle Morning

I recommend The Miracle Morning to anyone looking to supercharge their performance and improve their life. Like I mentioned above, The Miracle Morning is a quick read, has many motivational quotes and passages, and gets you fired up to improve your life!

Readers: are you a morning person? What is your strategy for personal development?

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December 30th Features

 

 

 

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The Alchemist Book Summary

Yesterday morning, I sat down with The Alchemist and 6 hours later finished it. Wow, what a book. I’ve read a fair number of books in the past few years, but none of them have kept me on the edge of my seat like The Alchemist.

The Alchemist is a story about a boy who is searching for his “Personal Legend”.  Essentially, a person’s “Personal Legend” is that person’s purpose, destiny, calling, etc.  The boy realizes he is being called by the world to go find his “Personal Legend”. The Alchemist tells the tale of the boy’s journey.

Summary of The Alchemist

In the beginning of The Alchemist, the boy has a dream about treasure and he goes to see a gypsy about it. The gypsy tells the boy the treasure is by the Pyramids of Egypt. After his meeting with the gypsy, in which is didn’t like, he meets a peculiar character who introduces himself as the King of Salem. The King know all about the boy’s past and present, and tells him he should go searching for the treasure. The King speaks of each person’s Personal Legend and that by going to search for the treasure, the boy can realize his Personal Legend.

In addition to speaking of each person’s Personal Legend, the King talks about language of omens. “Everything in life is an omen. There is a universal language , understood by everybody, but already forgotten.” Omens are signs of the world and if interpreted and watched for, can enable humans interact and communicate with the world and non-human beings. Omens are very important for people trying to realize their Personal Legend.

Initially, the boy is a little bit hesitant, but then he then sets off on an epic journey that spans from Spain to Egypt. Along the way, he is confronted with different challenges and has to overcome them. He has to deal with thieves, to learn about being a crystal merchant, learn the ways of the desert, and speak the language of the world. At the end, he finds his treasure, but only because he followed through in trying to find his Personal Legend.

Remarkable Quotes and Passages from The Alchemist

Here are some quotes and passages which had an impact on me:

My Recommendation

The Alchemist is a must read. The takeaways for me include living in the moment, never getting too high or too low, and realizing all things happen for a reason.

Have you read The Alchemist? What did you think?

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December 29th Features

 

 

 

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Financial IQ by Susie Q – Know Your Blogger Series

Know Your Blogger Series

Financial IQ by Susie Q

Come learn about the blog Financial IQ by Susie Q and how it is helping millenials learn about finances.
Each week at Personal Finance Blogs, we publish interviews from amazing bloggers from the personal finance space. This week, we are featuring the blog, Financial IQ by Susie Q.

During these weekly features, we are hoping to provide a way for you to interact and learn more about different blogs in the personal finance space.

Below, you can read more about the story behind Financial IQ by Susie Q, learn about the author, and learn personal finance tips from Financial IQ by Susie Q to help you improve your financial situation.

A big thanks for Financial IQ by Susie Q for this interview! Now, we will turn it over to the author for this interview.

Tell us about Financial IQ by Susie Q

I started Financial IQ by Susie Q in the fall of 2018.  The impetus for the blog was a conversation with my insurance agent.  He was in his late 20s and had just been to a financial advisor.  Based on the advisor’s recommendations, it was clear that the advisor would be paid based on commissions, as his recommendations had little to do with the needs of a single, young professional.  After a long conversation about a wide range of financial topics, my insurance agent suggested that I find a way to share my knowledge with other people.
I followed up that conversation by contacting my daughter whose expertise is in technology and graphics.  She created the name, logo and all the things that make my web site look terrific.
My mission is “to provide clear, practical, unbiased information to help people, Millennials in particular, make better financial decisions.”  The purpose is to help people make better financial decisions to help avoid uninformed choices, such as those that contributed to the 2008-2010 financial crisis.

What makes you and your blog unique?

I write the posts for Financial IQ by Susie Q solely for the purpose of providing practical financial information to my readers.  As such, there are no financial consequences related to anything I write, allowing me to be completely unbiased.
I am a semi-retired actuary who spent many years modeling the financial risks of insurance companies.  I stopping working 9-5 in my late 50s with enough savings to meet my retirement goals.  My experience with both business and personal finances and my strong understanding of the math behind financial decisions gives me unique expertise to provide information to my readers.

What does “being good with your personal finances” mean to you?

To me, being good with your personal finances means:

  • Paying all of your expenses as they come due.
  • Having a plan to pay off any debt.
  • Having a vision and an implemented plan to meet your long-term financial goals (e.g., a house, a big vacation, college for your kids, retirement).
  • Understanding all of your financial decisions and their risks.

What are some habits you practice to keep your personal finances in order?

To keep my personal finances in order, I:

  • Monitor my investments no less often than monthly.
  • Have a long-term plan for my retirement spending that shows the average annual return on investments needed to meet my goals.
  • Balance my checkbook every month to the penny
  • Discuss our finances and investment choices regularly with my husband.
  • Have a good idea where we are spending our money, though I don’t monitor in detail.
  • Pay all our bills in full on time.

What are your three articles people should read to get to know you and your message better on your site?

For someone looking to improve their financial situation, what’s your best advice?

My advice is to figure out where you are with your finances, identify your goals and find a path to get there.  Eventually, I think people should create a financial plan, which looks at:

  • A list of your financial goals
    • You’ll want to identify your three to five most important financial goals.
  • A list of your current assets
    • Assets that a company can sell and turn into cash within a year and liabilities (debts)
  • Your budget
    • A plan showing targets for income and expenses over a fixed time period, such as a month or a year.
  • Your savings and investment strategies to help you attain your goals, including
    • Short-term savings
    • Designated savings
    • Retirement savings
  • Desired use of debt, including re-payment of current debt
  • Your giving goals
  • Risk
    • The possibility that something bad will happen. management strategy, i.e., types and amounts of insurance to buy
  • Understanding of your income tax situation
  • What you want to have happen to you and your assets
    • The value of things the company owns and amounts it is owed when you become incapacitated or die and related documents

In your opinion, what’s better? Renting a place or buying a house to live?

I think that, as with all decisions, the answer is, “It depends.”  It depends on your lifestyle and goals.  Do you want to own your home?  How long do you plan to live at your current location?  Do you have money for a down payment and any unexpected expenses? Depending on the answers to these questions, then you can find the answer for yourself.

What are your favorite personal finance books?

The two books I love are:

  • One Up on Wall Street by Peter Lynch
  • Never Eat Alone by Keith Ferrazzi

What is your favorite investment class and why? (stocks, private business, bonds, real estate, crypto, precious metals, etc.)

Until I retired, I was invested essentially 100% in stocks (individual stocks, mutual funds and ETFs), keeping a fair amount in cash for emergencies.  I invested in stocks because I understand them and their risks and they provide a relatively high return when looked over long periods of time.
In retirement, I keep most of my investments still in stocks.  In addition, I’ve created a bond ladder with individual bonds held to maturities of less than 5 years to provide cash to pay our expenses and a gold ETF to add diversification.  The latter decision was made after researching my post on the All Seasons portfolio.

Do you have any financial mistakes you’d like to share, and how have you grown from these mistakes to improve your personal finances?

When I was busy with my job and children, I hired someone to manage a portion of my portfolio.  At the time, index funds were pretty much unknown.  This experience confirmed for me that almost no one can “beat the market.”  I wished I had learned about index funds as soon as they became available and transferred the money from the money manager to an index fund many years earlier.

What’s a non-money related interest you have and what do you love about it?

I have many non-money related interests, but will focus on playing bridge.  My parents taught me to play bridge when I was a teenager.  I taught my husband to play and we would spend long evenings with friends until our kids were born.  Once our youngest was in high school, we took lessons as many of the techniques had changed from the time I learned to play.  We played for many years at the bridge club near our home, meeting some of our best friends there.
When I moved to a new city, I joined the local bridge club and made many new friends.  Even though both our friends and we have moved thousands of miles away, we still play bridge on line once or twice a week and coordinate our visits with each other around bridge tournaments.  I also play bridge on line with my mother and nephew.  Not only has bridge been a great activity for making and keeping friends, keeping in touch with family, and staying safely busy during the pandemic, it is a game with constant mental challenges and learning opportunities which are particularly important as we get older.

How You Can Contact Financial IQ by Susie Q for More Information

You can learn more about Financial IQ by Susie Q at https://financialiqbysusieq.com/ and follow them on Twitter at @IQbySusieQ.

Thank you for reading this interview, and thank you, Financial IQ by Susie Q, for providing us with some great personal finance tips!

About the Know Your Blogger Series

Each week, Personal Finance Blogs features a personal finance blogger for you to learn more about who is behind the different blogs in the personal finance space.

These interviews also provide different viewpoints and tips for improving your financial situation. Check out a couple other recent interviews below, or see them all of the past blogger features here.

It’s Not Your 9 to 5
Come read about the great personal finance blog, Have Your Dollars Make Sense.
Have Your Dollars Make Sense
Come read about the great personal finance blog, Have Your Dollars Make Sense.

December 28th Features

 

 

 

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December 23rd Features

 

 

 

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