Does Honesty Pay?

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Does Honesty Pay?

Last night our family had dinner at Ah Yat Abalone Seafood Restaurant, Rimba, Jimbaran Bali. We went back to our hotel, Movenpick Resort & Spa, Jimbaran by Blue Bird Taxi. Our taxi cost Rp 50,000, so I took out my wallet and gave the money to the driver. When I was walking away from the car, the driver called and he returned Rp 50,000 to me because I gave him two notes of Rp 50,000. I thanked him for his honesty. Then I had an idea and I gave the note back to him and wished him a happy new year!

Honesty pays because he feels good and I feel good too.

#honesty #learnandgrow #lifelessons #virtue

 

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Wishing Wishy-Washy Wishes

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I wish…

  • I have more money,
  • I have a new car,
  • I have a bigger house,
  • I have the best smartphone,
  • I win a lottery,
  • I get a windfall from distance relatives,
  • I get a pay raise at work,
  • I can travel more,
  • etc.

I wish…I wish…I wish…so many wishes, but unfortunately they will remain just wishes.

If you want to your wishes to come true, one of the first things you need to do is to change your wishes to goals. Some of you may have heard SMART goal setting that goals need to be Specific, Measurable, Attainable, Relevant and Timely.

Specific – What do you want? Why do you want it? How are you going to do it? You need to be very clear about what you really want. For example, instead of wishing you have more money, you can set a specific goal of saving 10% of your income or Rp 1M a month.

Measurable – You can quantify your goal and measure your progress. For example, if you want to have a saving of Rp 6,000,000 in a year, then you can measure your progress when you save Rp 500,000 a month.

Attainable – You need to believe that you can achieve this goal. You need to set a goal that is big but not impossible to achieve. For example, if your income is Rp 10M a month, saving Rp 1.5M a month or 15% of your income is attainable. If you say that you will save Rp 5M or half of your income, it will be very hard, especially if you have a family to support. If it is too difficult you are not going to do it, so set a goal that will excite and motivate you to achieve it.

Relevant – How is the goal relevant to your life or purpose? For example, if you say that you want to save Rp 1M a month for a child’s education fund for 10 years, but you do not have a child…then it’s irrelevant. The goal must be meaningful and rewarding for you.

Timely – You set a timeframe for the goal. For example I have Rp 20M of emergency fund by 31st December 2013.

Transform your wishes into goals and start taking action today! 

If you do not mind sharing your goals with us, please share them in the comments! You will be more motivated when you make a public commitment!

Learn and Grow!

Inge Santoso, B Com, CFP®

Be Prepared for “YES”

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When we have lived as frugally as possible, yet the income is still not enough to have a decent lifestyle, then we need to consider increasing our income. One of the ways to increase our income is to sell or to offer our services. Perhaps some of us join network marketing, real estate agency or insurance industry to supplement our income. Although the potential rewards from these industries are high, not many people can stand the work. Trust me…it is not as easy as they say in their business opportunity meetings!

When we are selling or offering our services, we are often met with many objections, rejections until we only expect people to say ‘no’. Sometimes we feel so afraid to make another phone call because we can’t stand to hear another ‘no’. If this happens to you, remember this:

No matter how good your product or service is, there are people who will not buy it; No matter how bad your product or service is, there are people who will buy it.

That’s why when we are moving from one rejection to another, from one objection to another; remember that those rejections and objections will only bring us closer to those people who will buy from us. The no’s are stepping stones instead of obstacles in our way to success. Celebrate and learn from the no’s and always be prepared for someone to say ‘YES’!

Wish you all the best in increasing your income!

Learn and Grow

Inge Santoso, B Com, CFP®