Saturday, April 16, 2011

Three Steps to a More Powerful Self Image

What does it mean to act “out of character?” In Hollywood, when an actor breaks character, it means they are acting in a way that isn’t consistent with the character they are portraying. Sometimes an actor will get so enmeshed in their role that they argue with the writers and directors proclaiming, “My character wouldn’t do this!” You may not be an actor, but I can assure you that you also have a character that you cling to and defend. If you’ve ever said, “That’s not me!” or “I could never do that,” it may be time to re-write your character so you can start to live your best life without limits and without fear.

Last week a good friend of mine couldn’t wait to tell me how proud she was for getting up early and going to the gym. “I don’t know what came over me,” she gushed, “it’s so out of character for me.” This innocuous comment illustrates both a tragedy — when you cling to a less than optimal version of yourself — and an opportunity — when you can recognize that you have the ability to break free from your own limits.

Who you have been doesn’t have to be who you are. You are not computer code, which once programmed, cannot change, grow or adapt. Your life is shaped significantly by the character you create and the story you tell yourself about the kind of person you are, what you’re capable of achieving and how you should behave.

But what happens when we desperately want a leading role, but our character has a bit part? What happens when your view of who you are actually holds you back? Is there something that would propel your life forward, but that you just can’t bring yourself to do? If so, it’s time for you to create a different story and character that embrace what you’ve been resisting.

Here are three steps to help you create a more powerful self-image:

1) Who do you think you are? You are who you think you are, so let’s find out what you think about yourself. Write down everything you can about how you think about yourself, especially any negative labels you use, such as shy, dumb, guilty, angry, etc.
2) Get real. Focus on the characteristics that are holding you back and think about them rationally. Are you really a terrible public speaker? Really? What proof do you have? Are you’re not the kind of person to get up early and exercise? Really? Are you a vampire? Do you have a medical condition that prevents you from getting your butt out of bed at 6 a.m.? Excuses often turn into habits that then create our character.
3) Create a better character. Stop being half the person you could be by creating a new character — one that does what you’re afraid to do or wouldn’t do.

What would be “out of character” for you? Standing up for yourself? Taking a risk at work? Saying no? Trusting? Questioning? Speaking up? Starting? Finishing? Becoming healthy? Staying sober? Showing up on time? Starting a company? Sticking to your guns? Reading a book? Writing a book?

The next time you find yourself saying, “I couldn’t do that, that’s just not me!” Yell, “Cut!” and re-write yourself a better character.

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Saturday, April 9, 2011

Ok. You Win. Stop Listening to Real Estate Agents.

Each day we attempt to give truthful insight on the current housing market. If we report what is perceived as negative news, some in the real estate community come down on us hard. However, when we explain that we think now is a great time to buy, we get an avalanche of feedback from the general public attacking us for being nothing more than puppets for real estate agents across the country. Today, we don’t want you to listen to what we think about the opportunities that exist for buyers in this market. Instead, we want to report on what some members of the investment community are saying.

The Wall Street Journal

Jim Woods wrote an article earlier this year for Market Watch, part of the Wall Street Journal’s digital network. Its title: Why your best investment is a house. Mr. Woods compared the investment potential of real estate against other asset classes such as stocks and precious metals. Here was his conclusion.

One reason your best investment right now could be a home has to do with the relative upside of getting in on an asset class while it’s at the bottom versus buying into other asset classes that could be near a top. Consider for a moment the tremendous upside we’ve seen in stocks, precious metals and agricultural commodities over the past 12 months…

If you’re a long-term investor looking to put money to work, now is not really the best time to get into any of these three asset classes. However, with home sales starting to improve, and with prices now possibly forming a bottom, real estate could well be the asset class that represents the best low-risk buying opportunity out there today…

Mr. Woods went on to talk about the financing portion of the purchase:

Yes, mortgage rates still are near historical lows, but if we see these rates rise, then the cost of a new home could climb significantly. So, now could really be the best time to pull the trigger on that home purchase — and it could also be your best investment right now.

Fortune Magazine


Shawn Tully, senior editor at large for Fortune penned an article last week which was titled: Real estate: It’s time to buy again. In the article, Mr. Tully explained:

Forget stocks. Don’t bet on gold. After four years of plunging home prices, the most attractive asset class in America is housing.

Let’s state it simply and forcibly: Housing is back. Two basic factors are laying the foundation for dramatic recovery in residential real estate. The first is the historic drop in new construction … The second is a steep decline in prices, on the order of 30% nationwide since 2006, and as much as 55% in the hardest-hit markets. The story of this downturn has been an astonishing flight from the traditional American approach of buying new houses to an embrace of renting. But the new affordability will gradually lure Americans back to buying homes. And the return of the homeowner will start raising prices in many markets this year.


Bottom Line


Neither of the two media sources mentioned above has ever been accused of cuddling up to the National Association of Realtors. However, both have come to the same conclusion. It’s time to buy real estate. Perhaps we should listen to them.

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