My Personal Entries
Here you will find posts on my progress, observations, hints, ideas, etc.
Here you will find posts on my progress, observations, hints, ideas, etc.
RJ Letourneua was the one who boldly stated the words” God’s shovel is bigger than mine”. Before I tell you what he meant by that let me tell you a little about RJ Letoureua. This is taken with permission from www.intouch.org. When the Allied powers marked the 50th anniversary of D-Day this summer, much of the world watched re-marked film footage of the June 6, 1944, invasion of Europe.
Accompanying the largest invasion force ever assembled onto the beaches of Normandy was an equally impressive display of machines and equipment, much of it built by the energetic, American businessman R.G. LeTourneau.
A big man with a big heart for God, LeTourneau had always done things in a big way. His company designed and built some of the world’s most massive machinery—earth movers, transporters, missile launchers, bridge builders and portable offshore drilling rigs. If a task needed to be done faster, smarter, and bigger, LeTourneau could usually be found on the job. “Remember that there are no big jobs,” he said, describing his flair for colossal endeavors, “only small machines and small thinking.”
His capacity to think and act on a grand scale made LeTourneau an internationally recognized industrialist. Yet he always attributed his success to the Lord. He typically began his talks to students and businessmen by saying: “I’m just a mechanic that God has blessed, and it seems He wants me to go around telling how He will bless you too.”
LeTourneau’s success came at the price of many early failures and setbacks. It was these humbling years that formed the backdrop to his salvation and “partnership with God” in business.
LeTourneau dropped out of school at age fourteen and went to work shoveling sand and dirt at an iron works factory in Portland, Oregon. Even at this early age, his mind was busy thinking of how to do the job more efficiently. By sixteen, he had grown into a large, muscular young man. And though these two years of labor with street-savvy men had educated him in the ways of the world, they had hardened his heart to the things of God. What he didn’t know was that his devoutly Christian parents had been praying for his salvation daily.
The week before Christmas in 1904, the city of Portland had a crusade, and LeTourneau decided to attend. “What terrified me was that after a week of concentrated singing, and listening to sermons, I didn’t feel even a tremor of response.” That concern led to a humble plea for God’s help. “No bolts of lightning hit me. No great flash of awareness. I just prayed to the Lord to save me, and then I was aware of another presence.”
The following years were turbulent. LeTourneau moved to California where he worked almost forty odd jobs. At twenty-eight, he married a girl twelve years younger. They lost their first child in infancy, and he broke his neck in a stock car crash. Due to an inept partner in a Stockton, California, repair shop, he was $5,000 in debt by age thirty-one. Disengaging himself from the garage, he promised to repay his indebtedness to a trusting banker. When the banker asked how he would repay, he simply held up his two hands. Impressed by his determination and honesty, the banker agreed to extend the loan, so LeTourneau bought a tractor and scraper and went into the earth-moving business.
Stubborn, willful, and self-reliant by nature, LeTourneau refused to give up. His struggle to make his faith in Christ relevant to his life and work led him to attend a revival at his church. It was there he prayed: “Lord, if You’ll forgive and help me, I’ll do anything You want me to do from this day on.”
Feeling renewed, LeTourneau wondered how God would use him. He visited the preacher early the next morning, and the pastor told him: “You know, Brother LeTourneau, God needs businessmen as well as preachers and missionaries.” That was all LeTourneau needed to hear.
In the book, More Than Conquerors, a collection of biographical sketches of Christian men and women in history, it is noted of LeTourneau: “In our high-tech age today, machines – really big machines that push and pull, lift and move, scrape and dig—are not too popular anymore. However, without the kinds of machines that R. G. LeTourneau dreamed of . . . the technological age we are now in might never have happened at all.” Yet as significant as his contribution to industry was, his commitment to “do whatever God wanted him to do” left a legacy of trusting faith, godly generosity, and compassion.
For many years, he lived on ten percent of his income and gave away ninety percent to Christian work, especially missionary efforts in Africa and South America. Even when his business was in financial jeopardy, he continued giving his sacrificial pledges to Christ’s work. “The question” he said, “is not how much of my money I give to God, but rather how much of God’s money I keep for myself.”
Throughout his life, LeTourneau emphasized God’s ability to help the common man with everyday problems. He founded a university in Texas that bears his name and formed a foundation that funds many Christian ministries. Before his death in 1969 at age seventy-nine, LeTourneau said: “Everything considered, I’ve had my share of ups and downs, but thus far my life has been a miracle of God’s grace all the way through.”
IN TOUCH® Copyright © 1995, 1996, 1997, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005 IN TOUCH MINISTRIES®, ITM, Inc., Atlanta, Georgia, USA, used with permission. All rights reserved. This content and more resources can be found on www.intouch.org.
What did RG LeTourneau mean when he said ” God’s shovel is bigger than mine”.
During an interview LeTourneau was asked why he gave away up to 90% of his income. Keep in mind tithe is only 10%. He believed that we are all stewards of goods money. In other words we are money managers for God. God’s will is not for us to horde the money he gives us but to use it to God’s good. If we are good money managers and we tithe, and help others, than God will give us more money to manage.
LeTourneau figuratively illustrated his generosity as a man with a shovel. All LeTourneau did was shovel money to charities, churches and organizations that needed help. He always had plenty to give because God’s was shoveling money to him with an even bigger shovel.
In conclusion: If we embrace the believe that all we have is not ours, but God’s, and become stewards (money managers) for God’s wealth, than we will be blessed with more to give and and more for us to help take care of our family.
Regards
Categories: Motivation, My Personal Entries Tags:
This past Saturday I happened to be channel surfing and caught an interview with Zig Ziglar. For those who don’t know who Zig Ziglar is he is the pre-eminent author on such topics as developing a positive self image, goal-setting, and sales. Ziglar’s motto is: “You can have everything in life you want if you will just help enough other people get what they want.†Implementing this precise principle, businesses and organizations throughout the world have grown more profitable by improving their number-one resource—their people.
Known almost as much for his colorful voice and folksy southern expressions as for his specific advice, he has inspired many to improve their lives.
He is an Evangelical Christian as well as an avid football fan.
Zig Ziglar is an all-American success story. Affected early in life by his father’s death, young Zig learned great compassion for people plus commitment to a hard-work and balanced-life ethic, at the knee of his highly principled mother.
Ziglar’s motto is: “You can have everything in life you want if you will just help enough other people get what they want.†Implementing this precise principle, businesses and organizations throughout the world have grown more profitable by improving their number-one resource—their people.
A talented author and speaker, Zig Ziglar has an appeal that transcends barriers of age, culture, and occupation. Since 1970, he has traveled over five million miles across the world delivering powerful life improvement messages, cultivating the energy of change. Mr. Ziglar has shared the platform with such distinguished Americans as Presidents Ford, Reagan, and Bush, Generals Norman Schwarzkopf and Colin Powell, Dr. Norman Vincent Peale, Paul Harvey, and Dr. Robert Schuller, as well as numerous U.S. congressmen and governors. A well-known authority on the science of human potential, Zig Ziglar has been recognized three times in the Congressional Record of the United States for his work with youth in the drug war, and for his dedication to America and the free enterprise system.
Speaking the language of active business leaders, he’s been featured in such publications as The New York Times, The Washington Post, the Dallas Morning News, and Fortune magazine, to name a few. Mr. Ziglar has also appeared on many television programs.
Ziglar did not inherit his professional status, nor was it an accident. After struggling early in his sales career, this Yazoo City, Mississippi, native paid the price of time, discipline, and energy to become a sales champion. He placed second in one national firm of over 7,000 and first in another company with a 3,000-plus sales staff.
In 1970, he launched his full-time speaking career and built a multi-million dollar corporation on the same philosophy he expounds to his audiences–hard work, common sense, fairness, integrity, commitment, and an infectious sense of humor.
Since 1970, an extensive array of Ziglar audio, video, books, and training manuals have been utilized by small businesses, Fortune 500 companies, U.S. Government agencies, churches, school districts, prisons, and non-profit associations, affecting lives in a profound way. In addition, Mr. Ziglar has written 24 celebrated books on personal growth, leadership, sales, faith, family, and success, including See You at the Top ; Raising Positive Kids in a Negative World ; Top Performance ; Courtship After Marriage ; Secrets of Closing the Sale ; and Over the Top . Nine titles have been on the best-seller lists and his books and tapes have been translated into over 32 languages and dialects. Something to Smile About was released in 1997 and Success for Dummies was released in 1998. His latest book, Conversations With My Dog, was released in 2005.
Source: www.wikipedia.com
Categories: Motivation, My Personal Entries Tags:
The holidays are practically upon us and one of the things a lot of people struggle with is having extra money for gifts. You can put your craft skills to use and make gifts for family and friends. We’ve done that on occasion and have had really good feedback, plus it’s fun to do. For those who are not into making their own gifts here is a very simple way to get some much needed holiday cash.
In one word eBay. You can sell stuff on eBay and make some quick cash. The question is what do you sell. First thing you need to do is look around your house for things you no longer want or use. It can be anything, here is a quick list:
-books,
-Cds
-DVDs
-clothes
-tools
-small furniture
You can also ask family and friends if they want to sell stuff on eBay and you can charge a 15% to 20% commission.
The truth is you can sell just about anything on eBay. You know the old saying ” My junk can be someone else’s treasure”. Here are two example of what I have sold for quick cash.
I once sold a credit card machine, that I picked up for free, for $220.
I picked up a science-fiction book for $0.50 at a garage sale and sold in on eBay for $89.00
You just never know.
The process is simple and there a lots of online resources for you to learn how to sell on eBay. You can learn it all in one evening.
To get payments you’ll need a PayPal account and that too is easy to get and use.
So go ahead and rummage through your house and get busy you’ll never know just how much that old book will sell for.
Regards.
Categories: My Personal Entries, Saving Money Tags:
Alexander Kintis over at Beating Addiction was kind enough to point me to a very good article written by Liz Pulliam Weston a columnist for MSN. In the article she writes about 5 lessons we can all learn from millionaires and the wealthy. These lesson truly are powerful. I especially like number 4 because most of the people I come across who are in debt seem to have huge car payments. I have seen people who have a mortgage of $800.00 and a car payments of $1000.00. Really makes no sense. Like Dave Ramsey says “Sell the Car”.
Here is a quick list of the 5 Lessons.
1. They give away more.
2. They are much more likely to own businesses.
3. They borrow strategically.
4. They don’t blow a lot of money on cars. (Folks pay attention here)
5. They’re almost always homeowners, and many own investment property, too
Read the rest of the article right here.
Regards
Categories: Eliminating Debt, Financial Investing, Motivation, My Personal Entries, Saving Money Tags:
These last two days have been extremely difficult for us. Our 3 year old boy has had a terrible respiratory infection. We have been to the emergency room twice in the last 24 hours and my wife and I have had about 2 hours worth of sleep. As of Monday evening our boy is getting better and we are quite relieved. As I reflect on the last 24 hours I can tell you that my level of motivation to become a millionaire has increased ten-fold. Let me tell you why.
One of the things that we had to do today was to decide who was going to take time from work to care of our son. As most of you know I am an independent contractor. I get paid by the hour so if I don’t work, I don’t get paid. My wife is also an independent contractor, but, she has the advantage of working out of the house. We decided it would have to be both of us as our son was needing a lot of care.
So what does all of this have to do with becoming a millionaire. If you are in a position where income is something you don’t have to worry about then staying at home with a loved one does not become a worrisome or difficult decision. That in itself for me is the number one reason to bust my butt to become wealthy. If that isn’t enough reason for you here are 4 more.
2) Freedom of Time: This is the ability to have the freedom to take time for whatever need.
3) Freedom of Choice: The freedom to choose what you want to do. Travel, work, relax, etc.
4) Freedom to Give: The freedom to share your wealth by giving to charities, your family, and those in need.
Regards
Categories: Motivation, My Personal Entries Tags:
In my previous post It’s not all about me! 5 tips for helping kids learn about finances.I shared 5 tips on helping your child learn about money. One of those tips was to open an account that would allow your child to invest some money in stocks or other investment vehicles. I’d like to share what we did for our 9 year old daughter.
The lesson I wanted her to learn was how to make money work hard for her.
I first went to
ShareBuilder.com
and opened up a custodial account. A custodial account is nothing more than an account for a minor (my daughter) that is held and controlled by an adult (that would be me).
The great thing about
ShareBuilder.com is you can purchase partial stocks or ETF (Electronic Transfer Fund) of any company they carry. This means that I can fund my account with $30 and buy $26 worth of Apple stock. ($30 minus $4 transaction fee per trade) even though I may not have the funds to buy a full share.
You also have the option of setting up monthly automatic investments. For example I can set up my account so that every 2nd Tuesday I purchase $30 worth of Apple, or I can set it up to purchase $10 worth of Apple, $10 worth of Home Depot, $15 worth of Sirius etc. Keep in mind there is a $4 fee for each stock you buy. That is the fee under the plan we have which is the Basic Account, some account have lower fees.
They will ask for a funding source, usually your checking or savings account. You can move money into a money market account and have it ready when you need it, or you can fund your account the day before you trade just for the amount of the trade and fees.
They also have pretty good research tools you can use to help you make investment decisions.
If you are a bit bolder you can also do real-time trades. We won;t just yet.
After we opened the account I sat with my daughter at the computer and explained to her what passive income is and how investing in stocks can help her generate passive income. The best way I have found to explain passive income to a child is to tell them that each dollar is like a little employee who works to make them more money without them having to do any of the work. (credit to Robert Kiyosaki).
My daughter works on a commission basis around the house (credit Dave Ramsey for that). If she does all the chores we have on the list she stands to make $30 a month. So with last month commissions she decided to invest completely in Apple stock.
She is now a stock-owner and already thinking of next months investment. She called me today and boldly stated she wants to buy some Chesapeake Oil stock. That’s my baby
PS: I usually do not recommend investing in stocks as a long-term investment tool, I prefer mutual funds. However, as a tool to teach finance and with the small amount of money we are risking I think it is worth it.
Regards
Categories: My Personal Entries Tags:
One of, if not, the biggest obstacle we face in our journey to wealth is a pre-programmed mindset that says “We Do Not Deserve to Be Rich”. This mindset has been ingrained in most of us from early childhood. People who are wealthy sometimes are viewed as greedy, lucky, spoiled. In some cases that is true, but for those who are not, the attainment of wealth can create guilt.
The guilt created results in the mis-management of the wealth. Overspending, binging, unwise investments, loaning it, losing it, and even extreme personality change. It’s as though the guilt makes us not want the wealth. It makes us feel we don’t deserve it. Well, I’m here to tell you You Do Have a Right to Be Rich.
People often quote the Bible as saying “Money is the root of all evil”. Well, the Bible doesn’t say that. The Bible says ” The love of money is the root of all evil”. Money is not evil. Money has no personality, no character, and it has no morals. However, when it is put into the hands of an individual it takes on the personality, character, and morals of that individual.
If you are a good person and you end up wealthy than you will become a wealthy, good person. If you are a total ass, and you end up with a huge amount of money then chances are you will become a wealthy ass.
Money is neither good or bad. It’s how you acquire it and use it that determines whether it benefits or becomes hurtful.
Our Declaration of Independence gives us unalienable Rights, among these are Life, Liberty and the pursuit of Happiness. If the pursuit of wealth makes you and those around you happy then you have the right to be rich.
To overcome this mindset do the following:
1. Recognize money is neither good or bad and only you can decide what it becomes.
2. You have the right to be rich and all it takes is developing the right relationship with money. Do NOT feel guilt, be proud of your wealth and the good things you can and will do with it.
3. Understand that most wealthy people at one point were broke. They learned how to acquire and most importantly handle the money they got. You too can learn the same things. It’s not some magic formula, or some exclusive club you need to be a member of. The lesson are out there you just need to learn them and apply them.
Regards.
Categories: Motivation, My Personal Entries Tags:
I am always fascinated by individuals who find a niche and turn it into a prosperous business. Justin D’Angelo is such a person. He’s young, smart and was able to take a fairly niche product and turn it into a six figure business.
Read the rest of his story in CNNMoney Magazine October Millionaire in the Making. Click here to go to the story.
You can visit his site here.
Regards
Categories: Business Knowledge, My Personal Entries Tags:
In an effort to expand the offerings on this blog I have added an affiliate program through Amazon that allows me to offer books and DVDs related to the topics I write about on this blog. Everytime you make a purchase I make a small commission on the sale. You can find the store by clicking here or on the image of the store on the right side bar.
Thank you for your support of The millionaire Blog.
Regards
Categories: My Personal Entries Tags:
Robert Kiyosaki in his book Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money–That the Poor and Middle Class Do Not! makes the statement that most high school graduates have not been taught anything about finances in school.
As a graduate of the New York City School system I can attest to that. It truly is unfortunate. According to the National Center for Education Statistics about 65% of college students will graduate with about $20,000 in debt. Those are year 2000 statisitcs. I’m guessing those number have gone up dramatically.
As parents we need to realize we have to be the ones to teach our children about finances. Don’t leave it up to the schools.
Here are 5 tips for helping you children learn about finances.
1) Put them on commissions: Create a chore list and pay them for the work they do. Pay them faithfully every week. If they don’t do the work you don’t pay.
2) Teach them to Give, Save, and Spend: Give them 3 envelopes and every week they get paid split the money into each envelope. When you go to church they will be giving from their envelope. The save money they will use for big purchases (Barbies, toys). The spend money is for everyday spending.
3) Teach them about credit cards: No matter how you slice it credit card debt is bad. Children sometimes think credit cards are a bottomless bucket of money. Show them how much better it is to purchase with cash.
4) Teach them investing: Though I have not done this yet, open up a ShareBuilder account. Let them invest in things they are familiar with, with your help , of course.
5) Make it fun: Learning should be fun, don’t make it a chore or a sermon.
Here are a couple of recommended products. (These are affiliate links, I do make a small percentage should you make a purchase.)
Give your children the financial head start necessary to thrive in today’s fast paced and changing world. Schools teach children how to work for money. CASHFLOW(r) for Kids(TM) teaches children how to have money work for them. CASHFLOW(r) for Kids(TM) is a complete educational package which includes the book and audio cassette titled “Rich Dad’s Guide to Raising Your Child’s Financial IQ”.
Two fast paced games that improve two valuable math skills–making change and budgeting money. Both are tools kids will use for the rest of their lives.
Categories: My Personal Entries Tags:
If you look at the bottom of the right side bar you’ll notice a “What’s my blog worth? box. It’s more novelty than anything else. It is inspired by research done by Tristan Louis on how he thinks AOL came with price they paid for Weblogs, Inc.
The little applet was created by Dane Carlson of Business Opportunity Weblog.
While you are there take a look around his site. He has some very good information on franchises. As you probably already know the majority (75%) of millionaires are self-employed. If you’re looking to start a business his site is a good place to start your research.

My blog is worth $13,548.96.
How much is your blog worth?
Categories: My Personal Entries Tags:
In the beginning of the book Million Dollar Habits, Brian Tracy says that if you do what successful people do, you will eventually get the same results. It is not a matter of luck, and what successful people do; anyone can do. He explains that the main difference between successful people and unsuccessful people are their habits. Read more…
Categories: My Personal Entries, Product and Book Reviews Tags: