WHAT IS YOUR “PERSONAL PROSPERITY INDEX”?
DR. PAULA T. WEBB
That’s right what do you think is your PPI? Do you know what a PPI is?
Your PPI is your Personal Prosperity Index. What do I mean by that? What you, as an individual and unique person, what you believe you are worth. What do you believe you are worth? Let’s think about this. Especially in the dynamic and volatile environment of the stock and commodity markets what each of us has to come to terms with is just what we believe we are worth.
Most if not all of you reading this have or are still contributing to some sort of retirement fund, right? And what is that fund made up of? Municipal bonds, hedge funds, stocks, mortgage conglomerations…or do you know? And, let’s say you know your fund is comprised of, for purposes of this example, stocks, what type of stocks are they? What is the profit/loss history of those stocks – do you know? And if you do not know, why don’t you?
What I am getting at here is a vital component of how to create, and sustain your own personal, unique “PPI” or in other words, your Winning Warrior Prosperity. What do I mean by that. What you know about what you earn, what you make, what you save, and what it means to you. What is a Winning Warrior? It means knowing and believing just what you are worth.
One thing to keep in mind is that most of our beliefs about prosperity to begin with were instilled in our minds by others beginning when we were small. Our parents, then teachers, religious leaders, older siblings, and eventually our first and subsequent employers each one of these people and/or groups were instrumental and played a large role in creating our prosperity mental environment. For the most part, whatever we were taught has brought us to where we are today. And, I would say, that most of us don’t really complain about our lives, because most of us have a comfortable lifestyle.
However, with the economy and the world situation tenuous at best, now is the time for each of us to take a mental inventory of just what it is we do believe about ourselves and whether or not we feel:
➢ Prosperous;
➢ In control of our financial destiny; and/or
➢ If we feel we can do anything to change where we are at.
Personally, I feel prosperous no matter what is happening in the American economy. Why? Because I know what I am worth, and get paid for it; I know exactly who much I have in the bank at any given moment, and work within that amount; I know I can change my mental attitude at any given moment to reflect where I need to go in terms of my financial future; and I respect myself enough to remain solvent, no matter what.
What I am pointing out here is that during any time or times of stock or commodity market draw downs, it is up to you, as an individual to begin to manage, and then maintain your own sense of personal prosperity. It isn’t difficult to do just decide that you will be the one to bring about your own prosperity for the coming years, and then step into the wonderful process of managing your money the money that you have worked years for, the money that you have sweated over; it doesn’t matter the amount, it only matters that you respect yourself for having worked all that time respecting your efforts and taking that respect and those dollars to a higher level.
Remember what you were taught years ago probably doesn’t apply today in your career as a trader. And that’s ok; just know that it’s time to update, to improve, to do what you need to do to achieve your financial independence as a trader. And, if you don’t know how ask! Ask God, your Higher Power, a Financial Advisor, call my office whomever you feel comfortable asking. Remember, the only dumb question is the one that is never asked.
Ask until you find the answer that feels right for you. And when you find the answer you seek, and implement the newer, higher thought about prosperity about the true wealth that God has ordained for you – then you will find the feeling you will have about yourself will be so magnificent, you will wonder why you never asked before.
*Excerpt from presentation given by Dr. Paula T. Webb at the Money Show Expo, University of California – Irvine Campus.
