You have no goal- A true goal is more than a mere wish. Sometimes people mistake the two. A wish requires no effort and it does not matter if you are physically able to make the wish come true or not. A wish is something that is simply nice to have. A iep goals data collection on the other hand is something that is challenging yet doable. It is something that you have to have. It compels you to pay the price in order to successfully achieve it. Be sure you have a true goal and not a wish. If you simply have a wish you don’t really have a goal.

You have no plan- Without a plan you stand to lose focus easily. You also set yourself up for unnecessary frustration and disappointment. When you create a plan you establish a predetermined track that you can follow. As your journey towards goal attainment becomes challenging it is much easier to keep pressing on if you have a plan to rely on.

You have not worked- If you do not put the work in you are disillusioned to believe that you will ever hit your goal. You will not. You must put the necessary work into making your goal accomplishment a reality. To wait for your situation to get better before you start only postpones your chances for success. Once you have the goal established and the plan formulated it is time to act. Take massive action towards hitting your goal. Develop consistent work habits and you will put yourself in the drivers seat rather than remaining at the mercy of fate.

What can you do? Right now take a moment and ask yourself do you have a goal? A plan? Are you working? If you do congratulations! You’re on your way to success. If you don’t have one or all of these three don’t despair. Start today set yourself some goals you?d like to achieve this month and this year. Don’t overdo it if you’re just starting out, just put in writing what you’d like to achieve.

Then make a plan but put it in writing. What will you do? How will you do it? When will you do it? And don’t forget maybe the most important question of all why are you doing it? Your plan should be as detailed as you can get. We have numerous sources in our training areas as well as support from a Director if need be to help you here.

The working thing is where I believe most drop the ball. You can plan and set your goals to shoot for the moon but it is for nothing if you don’t cause some action. Massive action is what propels people to success the fastest. Massive action allows you to capitalize on opportunities that you would see otherwise. Massive action is what every successful sales person, business person and entrepreneur take to become successful.

Be Bold!

Herschel

New loans always cost you points because they start with an inquiry, don’t have credit history repair services and are usually 100% debt to credit ratio. Be cautious in getting a new loan as it does hit your credit score in 7 different ways as we mentioned in previous secrets.  Know what you need the credit for and don’t just get any credit you can as it will hurt your credit scores. It’s a puzzle that needs a plan and requires careful consideration before plunging ahead. What will it be used for, when will you get it paid off, what will it cost you to get, what is the interest rate and will it help to improve your lifestyle or will it put you deeper in debt?

I have noticed that people are not patient anymore and it costs them in money, in time, in heartache, and in stress and strain on relationships.  Plan ahead, be patient, save, invest, gain knowledge from those who are successful and then be patient again.  My father always taught me, “When in doubt, don’t.”  In other words, wait and see so you aren’t jumping on board a boat that has already left the dock.  You get wet and it upsets the fish.

A rule of thumb to getting new credit is this… get a National Bank Credit Card, get a high credit limit, and keep it for the rest of your life, with a low balance, paid on time, every month… this will create an excellent credit score for years and years to come.

Now go be curageous…

Normally, Tuesday’s Tidbit is used to uncover a little nugget of the credit industry or how the creditors or major credit bureaus deal with you as a consumer. Most of these are articles I write that have or will be used for marketing purposes in the past or very near future.

Today is no different, yet I feel compelled to deviate slightly. Today is about occasional conversations that I have with new and experienced consultants alike.

NCF consultants are much like you and I…ha ha..Because they are you and I! Our consultants come from a multitude of backgrounds. Some are very experienced and adept at reading and understanding a credit report. These may have a heavy mortgage, real estate or other credit related background. Others have minimal experience but have been compelled to start this business as they see big time opportunity.

On day one, every one of you is equal in that each of you, start at the beginning. Day one is about something new and NCF is seen as a new possibility or a new opportunity to help you obtain your wants and needs. Some of you are overcome with the desire to help and assist others through a trying time. Still others are burning up their calculators running the “what if” scenarios and trying to figure out how much money can be made. No matter your reasons every one of you will take one of two paths.

The first path is the individual that tells themselves they can do this by themselves. After all it’s not rocket science. They ask themselves “how tough can this really be” and they decide after the initial introduction of the NCF opportunity they are good to go! They’ve got themselves and their experience and they’re off to the races! Unfortunately, most always to never be seen nor heard from again! This person most always start out with a “can do” attitude

The second path is one that is chosen, no matter the experience level, of getting involved with the training. Getting to know your Director and getting assistance from them. Taking the time to understanding the nuances, the tricks of the trade so to speak of how this crazy profitable business works. Putting yourself out there by perfecting the presentation, getting and using the different tools available. This person most always starts out with a “can do” attitude.

Two paths, yet the decision to follow one path or the other most always is the difference between success and giving up in frustration. The decision one makes on which path to take, is the difference between success and failure. Whenever a consultant signs on they most always start with a “can do” attitude. It’s the ones that choose to get as much training and the ones that seemingly can’t get enough information, the ones that are out there swinging for the fences. They may even be striking out but they’re coming back and asking why. They are getting back in the game, training, fine-tuning their presentations and getting up to bat again and again. These consultants seem to find a steady stream of prospects. These consultants have exposed their “can do it right” attitude, some consciously some n ot.

I had the opportunity to talk with Ron one of our consultants that has been “around” for several months. Ron was telling me, about a month ago, he wanted to get things going but wasn’t sure where to start. Ron started getting on every training call he could. He starting discussing and strategizing ways he could get deals and get things going. He kept getting on the training calls, he was going through everything he could on the training site. Ron started presenting and getting with prospects and has 3 deals in the last week or so.

Now I ask you, is it because Ron has been around 7-8 months that he started getting deals or is it he has decided to practice and learn this business?

The decision to portray a “can do it right” attitude. The willingness to expose this attitude and yourself to properly learning is the difference between success and failure for most people.

Today, I leave you with the question which path are you on? Your answer to this most likely will reveal your success.

Be Bold!

Herschel

The one thing we can caution you about a loan application is to be honest. Don’t go increasing your income or hiding your expenses. It will just get you in trouble and trouble impacts your business credit scores in a big way. Trouble comes in many forms – you get sick, don’t make the hours you expect to be paid for at work and then don’t have the money to pay the bills, they get paid late and then you have lates on your credit report. Lates cost you lots of points. A mortgage company could audit your loan and find out you really don’t make that much or you have more debt than you said you did and could call the note due and payable immediately. Then you have to find another loan or lose the house. Especially in these troubling credit crunch days, being totally honest with your lender will keep you out of trouble more than not. Don’t get over your head with debt, start a savings plan, prepare for emergency situations, don’t get greedy or try to buy more than you can afford,  be cautious and you will have less trouble dealing with challenges when they do come…   And they will.

Let me share an experience.  Just recently I went in to get a loan for a new home I wanted to purchase.  I went to a lender that I know and trust and asked about the rates, the conditions and what it would take to get a loan for me.  He assured me that there was no problem, since I had enough collateral to actually pay for the home outright.  OK, so I say to go ahead, now, I did go to two other loan companies prior to settling with my friend because I thought I could get a better deal.  Well, I was turned down by both other companies because I had an unusual situation they had to deal with and they said they couldn’t go outside “the box”.  Meaning that unless it was a “check the boxes” loan, they couldn’t help me.  Hey, I have 803 credit score and it didn’t make any difference to them. Well, I started the loan process with my friend and as the loan application was filled out it was obvious that I was beginning to stress my friend.  It is going on 3 weeks now and the loan is still to get started as I have had to jump through hoops and put my down payment at risk before the bank will even begin to get started on the loan.  And this is why, my friends, that you do your homework before you get started.  Yes, you have to have excellent credit (740 or above) and make sure you have worked in the same job for 2 years, have the down payment seasoned (3 months in the same account, not touched) and don’t open or close accounts and don’t pay off any collections within a year. The moral is, the banks are being extra cautious and if your loan officer thinks it’s a slam dunk, be prepared to wait and do what is asked of you quickly.

In fact, council with an expert credit counselor if you are going to plan on purchasing in the next year or so… they will teach you what you need to do to get prepared.  But be cautious, read my blog, read the related blogs in the archive and then ask questions.  I would be delighted to answer them.