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	<title>Financial Fitness</title>
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	<link>http://www.courtneycarroll.com</link>
	<description>Tips and Advice for Financial Success</description>
	<lastBuildDate>Wed, 21 Mar 2012 05:46:56 +0000</lastBuildDate>
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		<title>Financial errors</title>
		<link>http://www.courtneycarroll.com/2012/03/21/financial-errors/</link>
		<comments>http://www.courtneycarroll.com/2012/03/21/financial-errors/#comments</comments>
		<pubDate>Wed, 21 Mar 2012 05:27:21 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Debt Elimination]]></category>
		<category><![CDATA[assets]]></category>
		<category><![CDATA[cash flow]]></category>
		<category><![CDATA[financial fitness]]></category>
		<category><![CDATA[liabilities]]></category>
		<category><![CDATA[profits]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[retirement]]></category>

		<guid isPermaLink="false">http://www.courtneycarroll.com/?p=432</guid>
		<description><![CDATA[Why you need to take steps to correct the errors in your personal philosophy about money.  Take charge of your finance and create freedom for your life.  Click here to here today&#8217;s message.]]></description>
			<content:encoded><![CDATA[<p><span style="background-color: #888888;"><span style="color: #888888;"><span style="font-size: medium;"><strong><span style="color: #000000;"><span style="background-color: #ffffff;">Why you need to take steps to correct the errors in your personal philosophy about money.  Take charge of your finance and create freedom for your life.  Click <a title="Financial Errors" href="http://youtu.be/SSxgkEYIlbc"><span style="color: #0000ff;">here </span></a>to here today&#8217;s message.<br />
</span></span></strong></span></span></span></p>
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		<title>The Great Key to Successful Living</title>
		<link>http://www.courtneycarroll.com/2012/02/27/the-great-key-to-successful-living/</link>
		<comments>http://www.courtneycarroll.com/2012/02/27/the-great-key-to-successful-living/#comments</comments>
		<pubDate>Tue, 28 Feb 2012 01:53:08 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Wealth Creation]]></category>
		<category><![CDATA[delayed gratification]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[life long learner]]></category>
		<category><![CDATA[retirement]]></category>
		<category><![CDATA[savings]]></category>

		<guid isPermaLink="false">http://www.courtneycarroll.com/?p=429</guid>
		<description><![CDATA[In my book &#8220;The Financial Fitness Blueprint&#8221; I explain that individuals who want to retire in comfort will have to save a lot more than what they currently save.  In addition they will need to find ways to exercise the simple discipline of delaying gratification.   The ability to delay gratification and keep your eyes on [...]]]></description>
			<content:encoded><![CDATA[<div id="post-989">
<p><strong></strong>In my book &#8220;The Financial Fitness Blueprint&#8221; I explain that individuals who want to retire in comfort will have to save a lot more than what they currently save.  In addition they will need to find ways to exercise the simple discipline of delaying gratification.   The ability to delay gratification and keep your eyes on the bigger picture is what separates those who achieve success from those who don&#8217;t.</p>
<p>The art of successful living is to do the things that are hard in your early years so that your later years will be easy.  I believe this is a most valuable lesson that our kids need to understand but they won&#8217;t get the message if adults like you and I are not willing to teach it.  If we are able to successfully get our children to embrace the philosophy that life is not fair and that you get in life what you give then maybe we will be able to see a future generation willing to take full responsibility for their lives in order to create them by design.</p>
<p>I am a firm believer in life long learning and think we should all make reading a compulsory part of our daily ritual.  Simply because of the tremendous value it brings in enriching our minds and opening our thoughts and imagination.  I subscribe to a number of online publications and find some of the articles to be priceless.  Although most of the articles I read are financially related many are not and for this I am glad.</p>
<p>Recently I came across a most interesting article by Alexander Green entitled The Great Key to Successful Living.  I have copied it here because I believe in the message and wanted to share it with others.</p>
<p>Enjoy.</p>
<p>Alexander Green</p>
<p>February 24, 2012</p>
<div>
<p>At a party last week, I bumped into a distracted woman wearing a frown.</p>
<p>“Hey, don’t hog <em>all</em> the fun,” I said with a wink.</p>
<p>She shook her head and gave me a slightly embarrassed smile. “It’s  just that when I come to social events like these, I cringe when people  ask what I do and I have to admit I’m a stay-at-home mom.”</p>
<p>“What’s wrong with that?” I said. “You don’t like having the most important job in the world?”</p>
<p>She said some people – especially working women – look down on her. She felt marginalized.</p>
<p>I was tempted to remind her of Eleanor Roosevelt’s line that no one  can make you feel inferior without your consent. But I took a different  tack and told her about a story I’d just read in the <em>Philadelphia Inquirer.</em></p>
<p>A budget crunch at the Philadelphia School District caused the  district to lay off 91 school police officers. You might reasonably  wonder why a school police force is necessary in the first place. But in  the 2010 school year, 690 teachers were assaulted. In the last five  years, more than 4,000 were.</p>
<p>The newspaper reported that in Philadelphia’s 268 schools, “on an  average day 25 students, teachers, or other staff members are beaten,  robbed, sexually assaulted, or victims of other violent crimes.” And  that doesn’t include thousands more who are extorted, threatened, or  bullied each year.</p>
<p>Why is this happening? The short answer is poor parenting. (Some might call it no parenting at all.)</p>
<p>There are few threats to our future greater than family  disintegration. Forty-one percent of all children today are born to  unmarried women – and the number rises to more than 50% for women under  30.</p>
<p>Single-parent households in the inner city often lead to disorderly  neighborhoods, schools that cannot teach, transgenerational poverty and  mass incarceration. There are nearly 2.3 million people in American  prisons and jails today. Another 5 million are on probation or parole.</p>
<p>Knowing this, how could anyone really look down on someone dedicating  a significant portion of his or her adult life to parenting? After all,  the family is the building block of all great societies.</p>
<p>Yet a parent’s job has never been tougher.</p>
<p>Modern culture doesn’t elevate kids. It doesn’t celebrate education,  virtue, hard work, or risk-taking. It distracts and consumes them with  celebrity and materialism. Popular music and television shows cater to  the lowest common denominator. Mindless consumption is idealized and  encouraged by the most sophisticated marketing techniques ever devised.</p>
<p>In my house, we fight a constant battle with our 14-year-old daughter  who pleads to go with her friends to PG-13 movies where glamorous young  stars play characters who are drunk, high and hopping from bed to bed  with nary a consequence. (When I was young and childless, this seemed  like a trivial issue. Funny how having kids can change your  perspective.)</p>
<p>These developments put the burden squarely on mom and dad. Sixty  years ago, parents raised their kids to adopt the values of the culture.  Today a big priority is getting them to reject the values of the  culture.</p>
<p>How do you do it? Mostly the old-fashioned way, by instilling values and setting an example.</p>
<p>It takes more than just teaching kids to behave, however. They also  have to dream. And it’s up to parents to show them how to achieve those  dreams. That usually requires something very specific…</p>
<p>In 1972, Stanford psychologist Walter Mischel concocted an ingenious  experiment involving young children and a bag of marshmallows. He put a  marshmallow on the table and told each child that if he (or she) could  wait 15 minutes to eat it, they would get a second one as a reward.</p>
<p>Two-thirds of the kids flunked miserably. Some caved in at once;  videotapes show others struggling to discipline themselves – some even  banging their little heads on the table.</p>
<p>But the surprising results of the study came years later. Researchers  followed up on the children to see how their lives progressed. Turns  out the kids who exercised forbearance rather than eating the  marshmallows at once had SAT scores 210 points higher. They were also  more likely to finish college, enjoyed significantly higher incomes,  were far less likely to go to jail and suffered fewer drug and alcohol  problems.</p>
<p>What does this mean? It means we should love our kids. We should  teach them to treat others the way they would want to be treated. But if  we really want them to succeed in life, we should also teach them the  enormous benefits of <em>delayed gratification</em>.</p>
<p>Education takes time and persistence. Professional attainments  require concentrated effort. Saving and investing – instead of spending –  takes discipline. Successful parenting means sacrifice and commitment.</p>
<p>Kids need to expect to struggle and to put off rewards. Because, with  few exceptions, success means giving up a lot of things you’d like to  do for things you really ought to do.</p>
<p>Today we live in a society of haves and have-nots. But to a great  extent, that’s because we live in a society of wills and will-nots.</p>
<p>This is a message every child should hear – and every parent should embrace. Perhaps even at a cocktail party.</p>
<p>Carpe Diem,</p>
<p>Alex</p>
</div>
</div>
<p><img src="http://www.spiritualwealth.com/images/ag-sw.jpg" alt="Alexander Green" hspace="5" vspace="20" align="left" />Alexander Green is the Investment Director of <em>The Oxford Club</em>. <em>The Oxford Club Communique</em>,  whose portfolio he directs, is ranked among the top investment letters  in the nation for 10-year performance by the independent <em>Hulbert Investment Digest</em>. Alex is the author of <em>The New York Times</em> bestseller &#8220;<a href="http://www.amazon.com/dp/0470112670/ref=nosim/?tag=wwwinvestme00-20" target="_blank"><em>The Gone Fishin&#8217; Portfolio: Get Wise, Get Wealthy&#8230; and Get On With Your Life</em></a><em>,&#8221;  &#8220;<a href="http://www.amazon.com/dp/0470482281/ref=nosim/?tag=wwwinvestme00-20" target="_blank">The Secret of Shelter Island: Money and What Matters,</a>&#8220;</em> and most recently, <em>&#8220;<a href="http://www.amazon.com/dp/1118027612/ref=nosim/?tag=wwwinvestme00-20" target="_blank">Beyond Wealth: The Road Map to a Rich Life.</a>&#8220;</em> He has been featured on <em>Oprah &amp; Friends, CNBC, National Public Radio (NPR), Fox News</em> and &#8220;<em>The O&#8217;Reilly Factor,</em>&#8221; and has been profiled by <em>The Wall Street Journal</em>, <em>BusinessWeek, Forbes,</em> and <em>Kiplinger&#8217;s Personal Finance</em>,  among others. He currently lives in Charlottesville, Virginia and  Winter Springs, Florida with his wife Karen and their children Hannah  and David.</p>
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