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Maintaining the Family Institution
All through our life we see many institutions. The academical institution, correctional institution and cant forget about the mental institution that we all seem to feel like were a part of sometimes. However there is one institution that sometimes gets overlooked and isn't always as well maintained as we would like it to be and this the ever important and VITAL family institution.........

Importance of Personal Development
Development of our skills, our jobs and relationships are all important aspects to keep in mind in our lives, but the most important thing to improve and maintain is our own personal development. Why is it the most important? Its the most important because without personal development we cannot enhance any of the above. Everything that we achieve and acquire stems from our personal development. Without it, we cannot progress and will be at a stand still.....

Saturday, September 19, 2009

Deciding What To Do After High School

Graduating high school is a very exciting and adventurous time for a young person. This means that they are about to embark on part 2 of their lives so to speak. Deciding what to do after high school is a very important decision as it will have a significant influence on a persons future whether permanently or temporarily. When a person starts to pick their occupation of choice, you will find that many decisions enter and exit the head. However below is a list of considerations to think about while making that decision as it helps address the realities of job searching and job maintaining;

  1. Consider things that you are passionate about, if you where to do something that your not passionate about for the rest of your life than can you really say that you are going to be satisfied, let alone happy.
  2. Consider the job market, if what you want to do is not in demand or the job openings are very few and far in between, then you may want to reconsider your choice. Sure you may be passionate about it, but you don’t want to be unemployed for the long term either.
  3. Consider repayment. While money wont matter if your passionate about what you do, you also want to make enough to lead the life style that you want and be able to take care of obligations when they arise. Passion is important but so is sustainability.
  4. Consider the future, is what you want to do going to still be active in the future. We have seen many jobs be replaced by technology and robotics. Therefore if a job market research report suggests that your selected occupation may not be active in 5-10 years down the road, again you may want to reconsider.
  5. Always, Always, Always have a backup plan. There are no guarantees in life, which means you must have an escape route in case if your primary one gets shutdown. One key is to open as many doors and windows as you can possible.

Being able to to do what we are passionate about for a living is not a impossibility or a dream, but a delayed reality. While most of us would not be able to live our dream right after high school, it is important to remember that staying on track is what will help us obtain that dream. The following are some great tips of how to stay on track;

  1. Write down your goals and dreams. Research has shown that if we write down our goals and review them frequently, then we are more likely to obtain them as opposed to just saying or thinking them.
  2. Create a plan. No goal is obtain without a plan. Find out what it exactly is that you want to do, find out what you have to do to get there and create objectives that will help you achieve what you need to do.
  3. Stay focused by keeping motivated. It has been said that when we lose motivation there is a high chance that we may become discouraged, bored and will discontinue pursuits or our goals. Find out what gets you motivated to pursue your goals and engaged in it frequently to ensure that you don’t loose momentum.
  4. One way to keeps doors and windows open in your life is to keep on learning and developing. Life never stays the same, therefore you must never stay the same. If life advances and you don’t, you will be left behind

Therefore if you consider the above, it will help you make a well informed and smart decision about your future. Remember most dreams cannot be lived right away which is why a plan and a solid set of sub-goals and objectives is necessary to help you obtain that dream whatever it may be. 

Wednesday, September 16, 2009

Risk Management @ Casinos

Casinos are a great occasional spot to have fun, make money, socialize and press your luck. But there are considerations that must be known before entering or becoming patron of one of these types of establishments. While it is a very attractive feature that one can win a significant amount of money, the reality is that these casinos are geared toward profit on a very large scale. Now it’s not to say that these places are bad, but please consider the following as parameters to safeguard your experience at these places. Although most of these hopefully will be common sense to most people.

First of all, Casinos are facilities which induce gambling. When you gamble with your money, your chances of a profitable return is less than 20%, if that. A good rule of thumb to go by is “Hope to Win, Expect to Lose”. Reason being is that while we will win on occasion, our chances of loss are exceptionally greater. The following is a great tip of how to manage your gains when you win as a winning trend should never be thought to continue, especially at casino’s.

When people win money, they are filled with a sense of excitement and they now think that luck is on their side and they will continue to win. Beware however, casinos recognize this behavior and capitalize on it every time it happens. They get you excited thinking your going to win more, but in order to win more, you have to spend more. Once you have spent more money, the winning streak quickly turns into a losing streak. Not only will you lose more money but also your gains as well. A good risk management strategy to use for this type of situation is as follows;

When you win an make gains, you have secured profit in hand. Now I know that the urge to continue will definitely be present. It’s ok to continue as you came to the casino to play and have fun. But when you continue, only risk 10% of your gains. This allows you to keeping playing in hopes to win more but also allows you to maintain control of the majority of the profit made from games prior. If you’ve gained more money as a result of that 10% usage then outstanding!, but if you completely lose your 10% allotment, then that’s clear indicator that you will most definitely lose more as chances of further loss is very high. Having a risk management system in place when making gains will make the difference between going home with money and going home with nothing. Winning trends never continue, so quitting while your ahead will always remain to be the best piece of advice. Why jeopardize current gains on something very uncertain and extremely volatile?

Other general but good points and strategies to consider when going to casinos are:

  1. Leave your bank and credit cards at home as you may have an urge to use them
  2. Only spend money that you can afford to lose, don’t be like some people who take a second mortgage out on their homes
  3. Set guidelines and limits to keep yourself and spending habits disciplined.
  4. Take frequent breaks by going outside for fresh air and away from the glamour and noise.

The only way you can make big gains and remain consistent while doing so at casino’s is to participate in tournaments. When you participate in tournaments you are playing against other humans not machines. Machines are programmed for profit, people are not. therefore the chances of gains are much greater. Beware, when you play against others, you will be going against very skilled people if not professional card players. These types of games require a minimum of a couple hundred to a couple thousand depending on the skill level and amount of money to be won.

Therefore in conclusion if you apply the above points I believe it will make the difference between going home with something and going home with nothing. Having a plan will ensure that your experience at casinos will be positive, memorable.

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